Document:

EX-10.39

 Exhibit 10.39 

 
 

 
 Certain confidential information contained in this document, marked by [***], has been omitted because
Roivant Sciences Ltd. (the “Company”) has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. 

ROIVANT SCIENCES, INC. 

EMPLOYMENT AGREEMENT 

This Employment Agreement (this “Agreement”) is entered into as of May 19, 2020, by and between Mayukh Sukhatme,
MD (the “Executive”) and Roivant Sciences, Inc. (the “Company”). This Agreement hereby amends and restates, effective as of May 19, 2020 (the “Effective Date”), the
Executive’s prior employment agreement with the Company, dated April 28, 2015 (the “Prior Agreement”), and otherwise supersedes any and all prior and contemporaneous oral or written employment agreements or
arrangements between the Executive and the Company or any predecessor thereof. 
 RECITALS 

A.    The Company desires the association and services of the Executive and the Executive’s skills, abilities,
background and knowledge, and is willing to continue to engage the Executive’s services on the terms and conditions set forth in this Agreement. 

B.    The Executive desires to continue to be in the employ of the Company, and is willing to accept such
employment on the terms and conditions set forth in this Agreement. 
 In consideration of the foregoing, the parties agree
as follows: 
 1.    CONTINUED EMPLOYMENT BY THE
COMPANY. 
 1.1    Position; Duties. Subject to the terms and conditions of this
Agreement, the Executive shall hold the position of President and Chief Investment Officer, reporting to, and subject to the direction of, the Company’s chief executive officer (“CEO”). In this position, the Executive
will have the duties and authorities normally associated with an executive in this position. The Executive shall continue to devote the Executive’s full business energies, interest, abilities and productive time to the proper and efficient
performance of the Executive’s duties under this Agreement. The Executive shall not be permitted to serve on the board of directors of other corporations or otherwise perform any services for any company other than the Company, its Parent (as
defined below) or its subsidiaries without the CEO’s approval; provided that the Executive shall be permitted to serve on boards of charitable organizations. 

1.2    Service to Affiliates. It is understood and agreed that the Executive’s duties may include
serving as a director or officer and/or providing services to or for the benefit of the Company’s affiliates, including, but not limited to, Roivant Sciences Ltd. (the “Parent”), provided that the Executive
agrees that the Executive will not knowingly provide any services from within the United States for the Parent or any affiliate of the Parent that is organized in a jurisdiction 

  
  

Roivant Sciences, Inc. • 151 West 42nd Street, 15th Floor, New York, NY 10036 • roivant.com 

 

 
 Certain confidential information contained in this document, marked by [***], has been omitted because
Roivant Sciences Ltd. (the “Company”) has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. 

 

 
outside the United States; and provided further that Executive’s breach of this provision shall not constitute a material breach of this Agreement or otherwise cause Executive to incur any
liability to Parent. The Executive will not become an employee of the Parent, and the Executive’s activities in respect of services to the Parent shall be strictly ministerial and shall not involve conducting any of the Parent’s business
activities from within the United States, including day-to-day management or other operational activities of the Parent. 

1.3    Location of Employment. The Executive’s principal place of employment shall be the
Company’s offices located in New York, New York. The Executive understands that the Executive’s duties may require periodic business travel. 

1.4    Policies and Procedures. The employment relationship between the parties shall be governed by this
Agreement and by the policies and practices established by the Company, its Board of Directors (the “Board”), and/or the Board of Directors of the Parent (the “Parent Board”). In the event that
the terms of this Agreement differ from or are in conflict with the Company’s policies or practices, this Agreement shall govern and control. 

1.5    Exclusive Employment; Agreement Not to Compete. Subject to Section 1.1 and 1.2 above,
except with the prior written consent of the Board or the Parent Board, the Executive will not, during the Executive’s employment with the Company, undertake or engage in any other employment, occupation or business enterprise. During the
Executive’s employment, the Executive agrees not to acquire, assume or participate in, directly or indirectly, any position, investment or interest known by the Executive to be adverse or antagonistic to the Company, its business, or prospects,
financial or otherwise, or in any company, person, or entity that is, directly or indirectly, in competition with the business of the Company. Ownership by the Executive in professionally managed funds over which the Executive does not have control
or discretion in investment decisions, or, an investment of less than two percent (2%) of the outstanding shares of capital stock of any corporation with one or more classes of its capital stock listed on a national securities exchange or publicly
traded on a national securities exchange or in the over-the-counter market shall not constitute a breach of this Section. 

1.6    Execution of General Release in Consideration of Continued Employment and Opportunity to Receive the
Benefits and Payments Set Forth Herein. In consideration of the Executive’s continued employment with the Company, the Executive agrees to execute the General Release Agreement attached hereto as Exhibit A (“General
Release”) within thirty (30) days of signing this Agreement. In the event the Executive revokes the General Release or otherwise breaches its terms and conditions, all rights, duties, and obligations of the Executive and the Company to
each other under this Agreement shall cease (except as to the Executive’s restrictive covenants and continuing obligation to maintain the Company’s confidential information as set forth in Section 4 below, which shall survive
termination of this Agreement) and the Executive’s employment with the Company shall terminate immediately. Except as may be provided in the General Release, nothing contained in the General Release shall release any

  
  

Roivant Sciences, Inc. • 151 West 42nd Street, 15th Floor, New York, NY 10036 • roivant.com 

 

 
 Certain confidential information contained in this document, marked by [***], has been omitted because
Roivant Sciences Ltd. (the “Company”) has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. 

 

 
claims or rights of the Executive that arise after the date of the execution of the General Release, including, but not limited to (i) amounts or payments owed to him after the date of his
execution of the General Release or (ii) any outstanding equity awards set forth on Exhibit C. 

2.    AT-WILL EMPLOYMENT. 

The Executive’s employment relationship with the Company is, and shall at all times remain,
at-will. This means that either the Executive or the Company may terminate the employment relationship at any time, for any reason or for no reason, with or without Cause (as defined below) or advance notice;
provided, however, the Executive must provide the Company at least three (3) months’ advance written notice of the Executive’s intention to resign from employment (except for a resignation for Good Reason, in which case
such procedure shall be governed by the terms set forth in the definition of Good Reason) and the Company shall provide the Executive written notice in the event of a termination of the Executive’s employment by the Company without Cause. 

3.    COMPENSATION AND BENEFITS. 

3.1    Salary.    The Company shall pay the Executive a base salary at the annualized
rate of Three Hundred and Fifty Thousand dollars ($350,000) (the “Base Salary”), less payroll deductions and all required withholdings, payable in regular periodic payments in accordance with the Company’s normal payroll
practices. The Base Salary shall be prorated for any partial year of employment on the basis of a three hundred sixty-five (365) day year. The Base Salary shall be subject to periodic review and may be adjusted upward (not downward) from time
to time in the discretion of the Board and/or the Parent Board. 
 3.2    Annual Performance Bonus. 

(a)    Each fiscal year, the Executive will be eligible to receive an annual discretionary cash bonus (the
“Annual Performance Bonus”) with a target bonus opportunity equal to one hundred percent (100%) of the Executive’s Base Salary, based on the CEO’s assessment of the Executive’s individual performance and the
achievement of performance targets established by the CEO, the Board, the Parent Board, and/or a subcommittee of the Board or the Parent Board. Subject to Section 5.1, in order to be eligible to receive the Annual Performance Bonus for any
year, the Executive must remain employed by the Company through and including the Annual Bonus Payment Date (as defined below) for such year. Subject to the Executive’s execution and non-revocation of a
release in accordance with Section 3.2(b), the Annual Performance Bonus, if any, will be paid within thirty (30) days following the end of the Company’s fiscal year (March 31st) or by April 30th such date of payment, the
“Annual Bonus Payment Date”). The CEO, the Board, the Parent Board (and/or a subcommittee of the Board or the Parent Board) reserve the right to modify the bonus criteria from year to year. The determination of whether the
Executive will be eligible to receive an Annual Performance Bonus and the amount thereof shall be determined by the CEO and approved by the Board, the Parent Board, and/or a subcommittee of the Board or the Parent Board. 

  
  

Roivant Sciences, Inc. • 151 West 42nd Street, 15th Floor, New York, NY 10036 • roivant.com 

 

 
 Certain confidential information contained in this document, marked by [***], has been omitted because
Roivant Sciences Ltd. (the “Company”) has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. 

 

 (b)    In order to receive the Annual Performance Bonus, the
Executive must execute on the date specified by the Company (and not subsequently revoke) a release acceptable to the Company and permissible under applicable law, which shall release claims similar to those described in the General Release attached
hereto as Exhibit A, accrued through the date of execution (the “Payment Release”). In the event the Executive’s employment terminates on account of his death, execution of a release of claims shall not be
required for receipt of any unpaid Annual Performance Bonus upon the Executive’s death. 
 3.3    [***]. [***].

 3.4    Equity. 

(a)    The Executive has previously been granted an award of an option to purchase one million two hundred fifty
thousand (1,250,000) shares of Parent common stock (the “Option Award”), with an exercise price equal to the fair market value of Parent’s common stock on such date of grant, as set forth in the Plan, and which is
subject to a six (6) year vesting period, with (i) six percent (6%) of the Option Award vesting on the first anniversary of the date of grant, (ii) ten percent (10%) of the Option Award vesting on the second anniversary of the date of
grant, (iii) fourteen percent (14%) of the Option Award vesting on the third anniversary of the date of grant, (iv) eighteen percent (18%) of the Option Award vesting on the fourth anniversary of the date of grant, (v) twenty-two percent (22%) of the Option Award vesting on the fifth anniversary of the date of grant, and (vi) thirty percent (30%) of the Option Award vesting on the sixth anniversary of the date of
grant, provided the Executive is employed by the Company on each such vesting date. The Option Award will be governed by the Plan and other documents issued in connection with the grant. 

(b)    The Executive’s outstanding equity awards in respect of the Parent as of the Effective Date are set
forth on Exhibit C of this Agreement (the “Outstanding Awards”). For the avoidance of doubt, Company acknowledges that Executive’s April 2015, August 2015 and October 2015 grants as provided in Exhibit C
have vested in full in accordance with the terms of the Plan and underlying grant agreements. 
 (c)    [***].

 (d)    For the avoidance of doubt, and notwithstanding any provision of Executive’s Equity Awards, any
unvested portion of Executive’s Equity Awards shall be forfeited upon Executive’s termination of employment for any reason, except as otherwise provided in Section 5.3(b). 

  
  

Roivant Sciences, Inc. • 151 West 42nd Street, 15th Floor, New York, NY 10036 • roivant.com 

 

 
 Certain confidential information contained in this document, marked by [***], has been omitted because
Roivant Sciences Ltd. (the “Company”) has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. 

 

 (e)    The Executive acknowledges and agrees to execute all
documents reasonably requested by the Company or Parent in order to effectuate the terms and conditions of this Section 3.4, including any amendments to the Outstanding Awards requested by Parent. 

3.5    Benefits and Insurance. The Executive shall, in accordance with Company policy and the terms of the
applicable plan documents, be eligible to participate in benefits under any benefit plan or arrangement that may be in effect from time to time and made available to similarly situated Company executives (including, but not limited to, being named
as an officer for purposes of the Company’s Directors & Officers insurance policy). The Company reserves the right in its sole discretion to modify, add or eliminate benefits at any time. All benefits shall be subject to the terms and
conditions of the applicable plan documents, which may be amended or terminated at any time. The Executive shall be entitled to vacation, sick leave and observed holidays in accordance with the policies and practices of the Company and applicable
law. Vacation may be taken at such times and intervals as the Executive shall determine, subject to the business needs of the Company. 

3.6    Expense Reimbursements/Legal Fees. The Company will reimburse the Executive for all reasonable
business expenses that the Executive incurs in conducting the Executive’s duties hereunder, pursuant to the Company’s usual expense reimbursement policies. Reimbursement will be made as soon as practicable following receipt from the
Executive of reasonable documentation supporting said expenses. [***]. 
 3.7    Notwithstanding any provision of
this Agreement, in the event the Executive does not timely execute a Payment Release as required under this Agreement, or revokes any such Payment Release, the Executive shall cease to be eligible to receive (i) any further Annual Performance
Bonus pursuant to this Agreement, (ii) [***], and (iii) any equity award or vesting in Executive’s Equity Awards in respect of the Parent, or any of its subsidiaries. 

4. PROPRIETARY INFORMATION OBLIGATIONS. 

As a condition of the Executive’s continued employment with the Company, the Executive acknowledges and affirms the Executive’s
agreement to abide by the Company’s Employee Non-Disclosure, Invention Assignment and Restrictive Covenant Agreement (“NDIA”), attached hereto as Exhibit D and which
Executive is required to execute in conjunction with this Agreement. The NDIA is incorporated by reference herein and shall remain in full force and effect in accordance with its terms. Notwithstanding any provision contained in this Agreement or
the NDIA to the contrary, the Company shall provide the Executive with access to retrieve copies of personal notes the Executive develops while employed by the Company and such access shall continue for three (3) months after termination of
employment; provided that, to the extent that such personal notes contain confidential or business information of the Company or any of its affiliates, Executive shall keep such information confidential, not disclose the information to any third
party, and not use the information to compete with the Company in a manner that is adverse to the Company. 

  
  

Roivant Sciences, Inc. • 151 West 42nd Street, 15th Floor, New York, NY 10036 • roivant.com 

 

 
 Certain confidential information contained in this document, marked by [***], has been omitted because
Roivant Sciences Ltd. (the “Company”) has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. 

 

 5.    TERMINATION OF
EMPLOYMENT. 
 5.1    Termination Without Cause Or Resignation For Good Reason. If the
Company terminates the Executive’s employment without Cause or the Executive resigns for Good Reason (as defined below), the Company shall pay the Executive any earned but unpaid Base Salary, any unpaid portion of the Annual Performance Bonus
not paid from the year prior to termination and unused vacation accrued (if applicable) through the date of termination, at the rates then in effect, less standard deductions and withholdings. In addition, if the Executive furnishes to the Company
an executed Payment Release, which is non-revocable prior to the Release Date (as defined below), and if the Executive allows the Payment Release to become effective in accordance with its terms, then the
Executive shall receive (a) an aggregate amount equal to (i) twelve (12) months of the Executive’s then current Base Salary and (ii) Executive’s target Annual Performance Bonus (disregarding any reduction in Base Salary or
target Annual Performance Bonus that constitutes Good Reason), payable in equal installments over the twelve (12) month period following the date of the Executive’s termination in accordance with customary payroll practices, but no less
frequently than monthly; and (b) monthly reimbursement of the COBRA premiums associated with continued group health and dental plan coverage in which the Executive was enrolled as of the date of the Executive’s employment
termination, less active employee rates, until the earlier of: (i) twelve (12) months from the date of the termination of the Executive’s employment, or (ii) until the Executive becomes eligible to be covered under a subsequent
employer’s group health insurance plan. The Executive agrees to provide the Company with written notice of the Executive’s eligibility to be covered under a subsequent employer’s group health insurance plan no later than five
(5) business days after the Executive becomes eligible for such coverage. The payments set forth in the preceding clause (a) and (b) shall commence within the next payroll cycle following, but no later than within fourteen
(14) days following, the Release Date and will be subject to required withholding, provided that any amounts that would have otherwise been paid during the period between the Executive’s termination date and the first payment date in
accordance with payroll practices will be included in the first payment. Except as provided in Section 3.3 or Section 5.3 below, upon the Executive’s termination of employment pursuant to this Section 5.1, the Company shall have
no further obligations to the Executive, except as may otherwise be required by law. 
 5.2    Other
Termination. If the Executive resigns from employment with the Company at any time without Good Reason or the Company terminates the Executive’s employment at any time for Cause or due to death or Disability (as defined below), the Company
shall pay the Executive (or the Executive’s estate) any earned but unpaid Base Salary and any unused vacation accrued (if applicable) through the date of such resignation or termination, at the rates then in effect, less standard deductions and
withholdings. In the event of the Executive’s termination of employment for any reason, the Executive’s Equity Awards shall be treated in 

  
  

Roivant Sciences, Inc. • 151 West 42nd Street, 15th Floor, New York, NY 10036 • roivant.com 

 

 
 Certain confidential information contained in this document, marked by [***], has been omitted because
Roivant Sciences Ltd. (the “Company”) has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. 

 

 
accordance with the terms of the applicable plan and award agreements and in accordance with Section 3.4(d) and Section 5.3(b) below. Except as provided in Section 5.3, upon the
Executive’s termination of employment pursuant to this Section 5.2, the Company shall thereafter have no further obligations to the Executive, except as may otherwise be required by law. 

5.3    Additional Incentives. 

(a)    [***]. 

(b)    Notwithstanding any provision of Executive’s Equity Awards[***], in the event that the Company
terminates the Executive’s employment at any time due to the Executive’s death or Disability, then with respect to 50% of the Executive’s Equity Awards which are then unvested and subject to vesting based on continued employment (the
“Time-Vesting Condition”), the Time-Vesting Condition will be deemed satisfied; provided that, for the avoidance of doubt, any vesting condition applicable to the Executive’s Equity Awards which is satisfied based on
performance, the occurrence of a liquidity event, or any conditions other than continued employment (such conditions, “Performance Conditions”) shall remain in effect. Except in the event of the Executive’s death,
satisfaction of the Time-Vesting Condition described in this Section 5.3(b) shall be subject to the Executive’s execution of the Payment Release which is non-revocable prior to the Release Date. With
respect to treatment of Executive’s Equity Awards upon a change in control, the terms of the applicable plan and award agreements shall govern. 

5.4    Definitions. For purposes of this Agreement, the following terms shall have the following
meanings: 
 (a)    “Cause” shall mean the occurrence of any of the following,
the Executive’s: (i) conviction of, or plea of no contest to, any crime involving moral turpitude or dishonesty in connection with the Executive’s duties or to any felony; (ii) participation in a fraud against the Company;
(iii) willful and material breach of the Executive’s duties and obligations under this Agreement or any other agreement between the Executive and the Company or its affiliates that has not been cured (if curable) within thirty
(30) days after receiving written notice from the Company of such breach; provided that the Company must provide written notice to the Executive within 30 days of its knowledge of the alleged breach by the Executive; (iv) engagement in
conduct that causes or is reasonably likely to cause material damage to the Company’s reputation that has not been cured (if curable) within thirty (30) days after receiving written notice from the Company of such breach; provided that the
Company must provide written notice to the Executive within 30 days of its knowledge of the alleged conduct by the Executive; (v) material failure to comply with the Company’s Code of Conduct or other material policies that has not been
cured (if curable) within thirty (30) days after receiving written notice from the Company of such breach; provided that the Company must provide written notice to the Executive within 30 days of its knowledge of the alleged failure by the
Executive; or (vi) violation of any law, rule or regulation 

  
  

Roivant Sciences, Inc. • 151 West 42nd Street, 15th Floor, New York, NY 10036 • roivant.com 

 

 
 Certain confidential information contained in this document, marked by [***], has been omitted because
Roivant Sciences Ltd. (the “Company”) has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. 

 

 
(collectively, “Law”) relating in any way to the business or activities of the Company or its subsidiaries or affiliates, or other Law that is violated during the course
of the Executive’s performance of services hereunder that results in the Executive’s arrest, censure, or regulatory suspension or disqualification, including, without limitation, the Generic Drug Enforcement Act of 1992, 21 U.S.C. §
335(a), or any similar legislation applicable in the United States or in any other country where the Company intends to develop its activities. 

(b)    “Disability” shall mean the Executive’s inability to perform the
Executive’s duties and responsibilities hereunder, with or without reasonable accommodation, due to any physical or mental illness or incapacity, which condition has continued for a period of one hundred eighty (180) days (including
weekends and holidays) in any consecutive three hundred sixty-five (365) day period. 

(c)    “Good Reason” shall mean the occurrence of any of the following events without the
Executive’s consent: (i) a material reduction of the Executive’s Base Salary or target Annual Performance Bonus opportunity as initially set forth herein or as the same may be increased from time to time, provided,
however, that if such reduction occurs in connection with a Company-wide decrease in executive officer team compensation, such reduction shall not constitute Good Reason provided that it is a reduction of a proportionally like amount
or percentage affecting the entire executive team not to exceed ten percent (10%); (ii) material reduction in the Executive’s authority, duties or responsibilities, as compared to the Executive’s authority, duties or responsibilities
immediately prior to such reduction; (iii) a reassignment of the Executive’s primary work location outside of New York; or (iv) the Company’s material breach of any material provision of this Agreement; provided
further, however, that an actual Annual Performance Bonus that is below the target Annual Performance Bonus opportunity in any given year shall not be deemed Good Reason; provided further,
however, that any resignation by the Executive shall only be deemed for Good Reason pursuant to this definition if: (1) the Executive gives the Company written notice of the Executive’s intent to terminate for Good Reason
within sixty (60) days following the first occurrence of the condition(s) that the Executive believes constitute(s) Good Reason, which notice shall describe such condition(s); (2) the Company fails to remedy such condition(s) within thirty
(30) days following receipt of the written notice (the “Cure Period”); and (3) the Executive voluntarily resigns from employment with the Company within thirty (30) days following the end of the Cure Period.

 (d)    “Release Date” shall mean the date that is fifty-five (55) days following
the date of the Executive’s termination. 
 5.5    Effect of Termination. The Executive agrees
that should the Executive’s employment terminate for any reason, the Executive shall be deemed to have resigned from any and all positions with the Company, including, but not limited to, the Executive’s position on the Board, Parent
Board, and Board of Directors of any of the Company’s affiliates, as applicable. 

  
  

Roivant Sciences, Inc. • 151 West 42nd Street, 15th Floor, New York, NY 10036 • roivant.com 

 

 
 Certain confidential information contained in this document, marked by [***], has been omitted because
Roivant Sciences Ltd. (the “Company”) has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. 

 

 5.6    Section 409A Compliance. 

(a)    It is intended that any benefits under this Agreement satisfy, to the greatest extent possible, the
exemptions from the application of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), provided under Treasury Regulations Sections 1.409A-1(b)(4), and 1.409A-1(b)(9), and this Agreement will be construed to the greatest extent possible as consistent with those provisions, and to the extent not so exempt,
this Agreement (and any definitions hereunder) will be construed in a manner that complies with Section 409A. For purposes of Section 409A (including, without limitation, for purposes of Treasury Regulations
Section 1.409A-2(b)(2)(iii)), the Executive’s right to receive any installment payments under this Agreement (whether severance payments, if any, or otherwise) shall be treated as a right to receive
a series of separate payments and, accordingly, each installment payment hereunder shall at all times be considered a separate and distinct payment. A termination of employment shall not be deemed to have occurred for purposes of any provision of
this Agreement providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of Section 409A and, for purposes of any
such provision of this Agreement, references to a “resignation,” “termination,” “termination of employment” or like terms shall mean separation from service. In no event may Executive, directly or indirectly, designate
the calendar year of a payment. Notwithstanding any provision of this Agreement to the contrary, in no event shall the timing of the Executive’s execution of any release of claims, directly or indirectly, result in the Executive designating the
calendar year of payment of any amounts of deferred compensation subject to Section 409A, and if a payment that is subject to execution of a release of claims could be made in more than one taxable year, payment shall be made in the later
taxable year. The Company makes no representation or warranty and shall have no liability to the Executive or any other person if any compensation under this Agreement constitutes deferred compensation subject to Code Section 409A but does not
satisfy an exemption from, or the conditions of, Code Section 409A. 
 (b)    Notwithstanding any provision
to the contrary in this Agreement, if the Executive is deemed by the Company at the time of a separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i), and if any payments or benefits that the
Executive becomes entitled to under this Agreement on account of such separation from service are deemed to be “deferred compensation,” then to the extent delayed commencement of any portion of such payments or benefits is required in
order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) and the related adverse taxation under Section 409A, such payments shall not be provided prior to the earliest of: (i) the expiration of the six (6)-month period
measured from the date of separation from service, (ii) the date of the Executive’s death, or (iii) such earlier date as permitted under Section 409A without the imposition of adverse taxation. Upon the first (1st) business day
following the expiration of such period, all payments deferred pursuant to this Section shall be paid in a lump sum, and any remaining payments due shall be paid as otherwise provided herein. No interest shall be due on any amounts so deferred. 

  
  

Roivant Sciences, Inc. • 151 West 42nd Street, 15th Floor, New York, NY 10036 • roivant.com 

 

 
 Certain confidential information contained in this document, marked by [***], has been omitted because
Roivant Sciences Ltd. (the “Company”) has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. 

 

 (c)    With regard to any provision herein that provides for
reimbursement of costs and expenses or in-kind benefits, except as permitted by Section 409A, (i) the right to reimbursement or in-kind benefits shall not be
subject to liquidation or exchange for another benefit, (ii) the amount of expenses eligible for reimbursement, or in-kind benefits, provided during any taxable year shall not affect the expenses eligible
for reimbursement, or in-kind benefits to be provided, in any other taxable year, and (iii) such payments shall be made on or before the last day of the Executive’s taxable year following the taxable
year in which the expense was incurred. 
 5.7    Section 280G. 

(a)    If any payment or benefit (including payments and benefits pursuant to this Agreement) that the Executive
would receive in connection with a change in the ownership or effective control of the Company or in the ownership of a substantial portion of the assets of the Company determined in accordance with Section 280G(b)(2) of the Code (a
“Transaction”) from the Company or otherwise (“Transaction Payment”) would (i) constitute a “parachute payment” within the meaning of Section 280G of the Internal Revenue Code of
1986, as amended (the “Code”), and (ii) but for this sentence, be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then the Company shall cause to be
determined, before any amounts of the Transaction Payment are paid to the Executive, which of the following two alternative forms of payment would result in the Executive’s receipt, on an after-tax basis, of the greater amount of the
Transaction Payment notwithstanding that all or some portion of the Transaction Payment may be subject to the Excise Tax: (1) payment in full of the entire amount of the Transaction Payment (a “Full Payment”), or
(2) payment of only a part of the Transaction Payment so that the Executive receives the largest payment possible without the imposition of the Excise Tax (a “Reduced Payment”). For purposes of determining whether to
make a Full Payment or a Reduced Payment, the Company shall cause to be taken into account the value of all applicable federal, state and local income and employment taxes and the Excise Tax (all computed at the highest applicable marginal rate, net
of the maximum reduction in federal income taxes which could be obtained from a deduction of such state and local taxes). If a Reduced Payment is made, (x) the Executive shall have no rights to any additional payments and/or benefits
constituting the Transaction Payment, and (y) reduction in payments and/or benefits shall occur in the manner that results in the greatest economic benefit to the Executive as determined in this Section. If more than one method of reduction
will result in the same economic benefit, the portions of the Transaction Payment shall be reduced pro rata. 

(b)    Notwithstanding the foregoing, in the event that no stock of the Company is readily tradeable on an
established securities market or otherwise (within the meaning of Section 280G of the Code) at the time of the Transaction, the Company shall cause a vote of shareholders to be held to approve the portion of the Transaction Payments that equals
or exceeds three times (3x) the Executive’s “base amount” (within the meaning of Section 280G of the Code) 

  
  

Roivant Sciences, Inc. • 151 West 42nd Street, 15th Floor, New York, NY 10036 • roivant.com 

 

 
 Certain confidential information contained in this document, marked by [***], has been omitted because
Roivant Sciences Ltd. (the “Company”) has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. 

 

 
(the “Excess Parachute Payments”) in accordance with Treas. Reg. §1.280G-1, and the Executive shall cooperate with such vote
of shareholders, including the execution of any required documentation subjecting the Executive’s entitlement to all Excess Parachute Payments to such shareholder vote. In the event that the Company does not cause a vote of shareholder to be
held to approve all Excess Parachute Payments, or the shareholders do not approve all Excess Parachute Payments, the provisions set forth in Section 5.7(a) of this Agreement shall apply. 

(c)    Unless the Executive and the Company otherwise agree in writing, any determination required under this
Section shall be made in writing by the Company’s independent public accountants (the “Accountants”), whose determination shall be conclusive and binding upon the Executive and the Company for all purposes. For purposes
of making the calculations required by this Section, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G
and 4999 of the Code. The Accountants shall provide detailed supporting calculations to the Company and the Executive as requested by the Company or the Executive. The Executive and the Company shall furnish to the Accountants such information and
documents as the Accountants may reasonably request in order to make a determination under this Section. The Company shall bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this Section. 

6.    ARBITRATION. 

Except as otherwise set forth below in connection with equitable remedies, any dispute, claim or controversy arising out of or relating to
this Agreement or the Executive’s employment with the Company (collectively, “Disputes”), including, without limitation, any dispute, claim or controversy concerning the validity, enforceability, breach or termination of
this Agreement, if not resolved by the parties, shall be finally settled by arbitration in accordance with the then-prevailing Employment Arbitration Rules and Procedures of JAMS, as modified herein (“Rules”). The requirement
to arbitrate covers all Disputes (other than disputes which by statute are not arbitrable) including, but not limited to, claims, demands or actions under the Age Discrimination in Employment Act (including Older Workers Benefit Protection Act);
Americans with Disabilities Act; Civil Rights Act of 1866; Civil Rights Act of 1991; Employee Retirement Income Security Act of 1974; Equal Pay Act; Family and Medical Leave Act of 1993; Title VII of the Civil Rights Act of 1964; Fair Labor
Standards Act; Fair Employment and Housing Act; the New York State Human Rights Law; the New York State Executive Law; the New York State Civil Rights Law; the New York State Whistleblower Law; the New York State Legal Recreational Activities Law;
the retaliation provisions of the New York State Workers’ Compensation Law; the New York Labor Law; the New York State Worker Adjustment and Retraining Notification Act; the New York State False Claims Act; New York State Wage and Hour Laws;
the New York State Equal Pay Law; the New York State Rights of Persons with Disabilities Law; the New York State Nondiscrimination Against Genetic Disorders Law; the New York State Smokers’ Rights Law; the

  
  

Roivant Sciences, Inc. • 151 West 42nd Street, 15th Floor, New York, NY 10036 • roivant.com 

 

 
 Certain confidential information contained in this document, marked by [***], has been omitted because
Roivant Sciences Ltd. (the “Company”) has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. 

 

 
New York AIDS Testing Confidentiality Act; the New York Genetic Testing Confidentiality Law; the New York Discrimination by Employment Agencies Law; the New York Bone Marrow Leave Law; the New
York Adoptive Parents Child Care Leave Law; the New York City Human Rights Law; the New York City Administrative Code; the New York City Paid Sick Leave Law; and the New York City Charter; and any other law, ordinance or regulation regarding
discrimination or harassment or any terms or conditions of employment. There shall be one arbitrator who shall be jointly selected by the parties. If the parties have not jointly agreed upon an arbitrator within twenty (20) calendar days of
respondent’s receipt of claimant’s notice of intention to arbitrate, either party may request JAMS to furnish the parties with a list of names from which the parties shall jointly select an arbitrator. If the parties have not agreed upon
an arbitrator within ten (10) calendar days of the transmittal date of such list, then each party shall have an additional five (5) calendar days in which to strike any names objected to, number the remaining names in order of preference,
and return the list to JAMS, which shall then select an arbitrator in accordance with the Rules. The place of arbitration shall be New York, New York. By agreeing to arbitration, the parties hereto do not intend to deprive any court of its
jurisdiction to issue a pre-arbitral injunction, including, without limitation, with respect to the NDA. The arbitration shall be governed by the Federal Arbitration Act, 9 U.S.C. §§ 1-16. Judgment upon the award of the arbitrator may be entered in any court of competent jurisdiction. The arbitrator shall: (a) have authority to compel discovery which shall be narrowly tailored to
efficiently resolve the disputed issues in the proceeding; and (b) issue a written statement signed by the arbitrator regarding the disposition of each claim and the relief, if any, awarded as to each claim, the reasons for the award, and the
arbitrator’s essential findings and conclusions on which the award is based. The Company shall pay all administrative fees of JAMS in excess of four hundred thirty-five dollars ($435) (a typical filing fee in court) but the Company and the
Executive shall split any arbitrator’s fees and expenses. Each party shall bear its or his own costs and expenses (including attorney’s fees) in any such arbitration and the arbitrator shall have no power to award costs and attorney’s
fees except as provided by statute or by separate written agreement between the parties. In the event any portion of this arbitration provision is found unenforceable by a court of competent jurisdiction, such portion shall become null and void
leaving the remainder of this arbitration provision in full force and effect. The parties agree that all information regarding the arbitration, including any settlement thereof, shall not be disclosed by the parties, except as otherwise required by
applicable law. 
 7.    GENERAL PROVISIONS. 

7.1    Representations and Warranties. 

(a)    The Executive represents and warrants that the Executive is not restricted or prohibited,
contractually or otherwise, from entering into and performing each of the terms and covenants contained in this Agreement, and that the Executive’s execution and performance of this Agreement will not violate or breach any other agreements
between the Executive and any other person or entity. The Executive represents and warrants that the Executive 

  
  

Roivant Sciences, Inc. • 151 West 42nd Street, 15th Floor, New York, NY 10036 • roivant.com 

 

 
 Certain confidential information contained in this document, marked by [***], has been omitted because
Roivant Sciences Ltd. (the “Company”) has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. 

 

 
is not subject to any confidentiality or non-competition agreement or any other similar type of restriction that could restrict in any way the
Executive’s continued employment by the Company and the performance of the Executive’s expected job duties with the Company. 

(b)    The Company and its affiliates do not wish to incorporate any unlicensed or unauthorized material, or
otherwise use such material in any way in connection with, its and their respective products and services. Therefore, the Executive hereby represents, warrants and covenants that the Executive has not and will not disclose to the Company or its
affiliates, use in their business, or cause them to use, any information or material which is a trade secret, or confidential or proprietary information, of a third party, including, but not limited to, any former employer, competitor or client,
unless the Company or its affiliates have a right to receive and use such information or material. 
 (c)    The
Executive represents and warrants that the Executive is not debarred and has not received notice of any action or threat with respect to debarment under the provisions of the Generic Drug Enforcement Act of 1992, 21 U.S.C. § 335(a) or any
similar legislation applicable in the United States or in any other country where the Company intends to develop its activities. 

7.2    [***]. [***]. 

7.3    Advertising Waiver. The Executive agrees to permit the Company, and persons or other organizations
authorized by the Company, to use, publish and distribute advertising or sales promotional literature concerning the products and/or services of the Company in which the Executive’s name and/or pictures of the Executive appear. The Executive
hereby waives and releases any claim or right the Executive may otherwise have arising out of such use, publication or distribution. 

7.4    Miscellaneous. 

(a)    This Agreement, along with the NDIA and any applicable equity awards that have been granted (as described
in this Agreement), constitutes the complete, final and exclusive embodiment of the entire agreement between the Executive and the Company with regard to its subject matter. It is entered into without reliance on any promise or representation,
written or oral, other than those expressly contained herein, and it supersedes any other such promises, warranties or representations (including the Prior Agreement). To the extent of any conflict between this Agreement and the NDIA, the terms of
this Agreement shall govern. 
 (b)    This Agreement may not be modified or amended except in a writing signed
by both the Executive and a duly authorized officer or member of the Board or the Parent Board. 

  
  

Roivant Sciences, Inc. • 151 West 42nd Street, 15th Floor, New York, NY 10036 • roivant.com 

 

 
 Certain confidential information contained in this document, marked by [***], has been omitted because
Roivant Sciences Ltd. (the “Company”) has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. 

 

 (c)    This Agreement will bind the heirs, personal
representatives, successors and assigns of both the Executive and the Company, and inure to the benefit of both the Executive and the Company, and to the Executive’s and the Company’s heirs, successors and assigns, as applicable, except
that the duties and responsibilities of the Executive are of a personal nature and shall not be assignable or delegable in whole or in part by the Executive. The Company may assign its rights, together with its obligations hereunder, in connection
with any merger, consolidation, or transfer or other disposition of all or substantially all of its assets, and such rights and obligations shall inure to, and be binding upon, any successor to the Company or any successor to all or substantially
all of the assets of the Company, which successor shall expressly assume such obligations. 
 (d)    If any
provision of this Agreement is determined to be invalid or unenforceable, in whole or in part, this determination will not affect any other provision of this Agreement and the provision in question will be modified so as to be rendered enforceable.

 (e)    This Agreement will be deemed to have been entered into and will be construed and enforced in
accordance with the laws of the State of New York as applied to contracts made and to be performed entirely within New York. 

(f)    Any ambiguity in this Agreement shall not be construed against either party as the drafter. Any waiver of a
breach of this Agreement shall be in writing and shall not be deemed to be a waiver of any successive breach. This Agreement may be executed in counterparts and facsimile signatures will suffice as original signatures 

7.5    Indemnification. The Company shall indemnify the Executive to the fullest extent permitted by
applicable law with respect to third party claims arising out of the Executive’s performance of his duties to the Company. In addition, the Executive shall be covered under a director’s and officer’s liability policy(ies) paid for by
the Company. 
 IN WITNESS WHEREOF, the parties have executed this
Agreement as of the day and year first written above. 
  

			
	ROIVANT SCIENCES, INC. 
		
	By:	 	 /s/ Eric Venker

		 	Name: Eric Venker
		 	Title: Chief Operating Officer, Roivant
	
	For purposes of Section 3.4 of this Agreement:

  
  

Roivant Sciences, Inc. • 151 West 42nd Street, 15th Floor, New York, NY 10036 • roivant.com 

 

 
 Certain confidential information contained in this document, marked by [***], has been omitted because
Roivant Sciences Ltd. (the “Company”) has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. 

 

 
			
	ROIVANT SCIENCES LTD.
		
	By:	 	 /s/ Marianne Romeo

  

	
	ACCEPTED AND AGREED:
	
	 /s/ Mayukh Sukhatme

	Mayukh Sukhatme, MD

  
  

Roivant Sciences, Inc. • 151 West 42nd Street, 15th Floor, New York, NY 10036 • roivant.com 

 

 
 Certain confidential information contained in this document, marked by [***], has been omitted because
Roivant Sciences Ltd. (the “Company”) has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. 

 

 Exhibit A 

[***] 

  
  

Roivant Sciences, Inc. • 151 West 42nd Street, 15th Floor, New York, NY 10036 • roivant.com 

 

 
 Certain confidential information contained in this document, marked by [***], has been omitted because
Roivant Sciences Ltd. (the “Company”) has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. 

 

 Exhibit B 

[***] 

 

 
 Certain confidential information contained in this document, marked by [***], has been omitted because
Roivant Sciences Ltd. (the “Company”) has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. 

 

 Exhibit C 

[***] 

 

 
 Certain confidential information contained in this document, marked by [***], has been omitted because
Roivant Sciences Ltd. (the “Company”) has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. 

 

 Exhibit D 

[***]EX-10.1

 Exhibit 10.1 

SENIOR SECURED CREDIT FACILITIES 

CREDIT AGREEMENT 
 dated as
of July 25, 2022, 
 among 

TRANSMEDICS GROUP, INC., 

as the Borrower, 
 THE SEVERAL
LENDERS FROM TIME TO TIME PARTY HERETO, 
 and 

CANADIAN IMPERIAL BANK OF COMMERCE, 

as Administrative Agent 

 Table of Contents 

 

							
	 	 	 	  	Page	 
		
	 SECTION I DEFINITIONS
	  	 	1	 
			
	 1.1
	 	Defined Terms	  	 	1	 
	 1.2
	 	Dutch terms	  	 	30	 
	 1.3
	 	Other Definitional Provisions	  	 	30	 
	 1.4
	 	Rounding	  	 	31	 
	 1.5
	 	Time of Payment and Performance	  	 	31	 
	 1.6
	 	Confidentiality; Privilege	  	 	32	 
		
	 SECTION II AMOUNT AND TERMS OF COMMITMENTS
	  	 	32	 
			
	 2.1
	 	Term Commitments	  	 	32	 
	 2.2
	 	Procedure for Term Loan Borrowing	  	 	32	 
	 2.3
	 	Repayment of Term Loans	  	 	32	 
	 2.4
	 	Fees	  	 	32	 
	 2.5
	 	Optional Loan Prepayments	  	 	33	 
	 2.6
	 	Mandatory Prepayments	  	 	33	 
	 2.7
	 	Conversion and Continuation Options	  	 	34	 
	 2.8
	 	[Reserved]	  	 	34	 
	 2.9
	 	Interest Rates and Payment Dates	  	 	34	 
	 2.10
	 	Computation of Interest and Fees	  	 	35	 
	 2.11
	 	Inability to Determine Interest Rate; Benchmark Transition Event	  	 	35	 
	 2.12
	 	Pro Rata Treatment and Payments	  	 	37	 
	 2.13
	 	Illegality; Requirements of Law	  	 	40	 
	 2.14
	 	Taxes	  	 	41	 
	 2.15
	 	Indemnity	  	 	45	 
	 2.16
	 	Change of Lending Office	  	 	45	 
	 2.17
	 	Substitution of Lenders	  	 	45	 
	 2.18
	 	Defaulting Lenders	  	 	46	 
	 2.19
	 	Notes	  	 	47	 
		
	 SECTION III [RESERVED]
	  	 	47	 
		
	 SECTION IV REPRESENTATIONS AND WARRANTIES
	  	 	47	 
			
	 4.1
	 	Financial Condition	  	 	48	 
	 4.2
	 	No Change	  	 	48	 
	 4.3
	 	Existence; Compliance with Law	  	 	48	 
	 4.4
	 	Power, Authorization; Enforceable Obligations	  	 	48	 
	 4.5
	 	No Legal Bar	  	 	49	 
	 4.6
	 	Litigation	  	 	49	 
	 4.7
	 	No Default	  	 	49	 
	 4.8
	 	Ownership of Property; Liens; Investments	  	 	49	 
	 4.9
	 	Intellectual Property	  	 	49	 
	 4.10
	 	Taxes	  	 	50	 
	 4.11
	 	Federal Regulations	  	 	50	 
	 4.12
	 	Labor Matters	  	 	50	 
	 4.13
	 	ERISA	  	 	50	 
	 4.14
	 	Investment Company Act; Other Regulations	  	 	51	 
	 4.15
	 	Subsidiaries	  	 	51	 

  
 -i- 

 Table of Contents 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 4.16
	 	Use of Proceeds	  	 	52	 
	 4.17
	 	Environmental Matters	  	 	52	 
	 4.18
	 	Accuracy of Information, etc.	  	 	53	 
	 4.19
	 	Security Documents	  	 	53	 
	 4.20
	 	Solvency; Voidable Transaction	  	 	53	 
	 4.21
	 	Regulation H	  	 	54	 
	 4.22
	 	Designated Senior Indebtedness	  	 	54	 
	 4.23
	 	[Reserved]	  	 	54	 
	 4.24
	 	Insurance	  	 	54	 
	 4.25
	 	No Casualty	  	 	54	 
	 4.26
	 	[Reserved]	  	 	54	 
	 4.27
	 	Capitalization	  	 	54	 
	 4.28
	 	OFAC	  	 	54	 
	 4.29
	 	Regulatory Matters	  	 	54	 
	 4.30
	 	Anti-Corruption Laws	  	 	57	 
		
	 SECTION V CONDITIONS PRECEDENT
	  	 	57	 
			
	 5.1
	 	Conditions to Initial Extension of Credit	  	 	57	 
	 5.2
	 	Post-Closing Conditions Subsequent	  	 	61	 
		
	 SECTION VI AFFIRMATIVE COVENANTS
	  	 	61	 
			
	 6.1
	 	Financial Statements	  	 	61	 
	 6.2
	 	Certificates; Reports; Other Information	  	 	63	 
	 6.3
	 	Payment of Obligations	  	 	64	 
	 6.4
	 	Maintenance of Existence; Compliance	  	 	64	 
	 6.5
	 	Maintenance of Property; Insurance	  	 	65	 
	 6.6
	 	Inspection of Property; Books and Records; Discussions	  	 	65	 
	 6.7
	 	Notices	  	 	65	 
	 6.8
	 	Environmental Laws	  	 	66	 
	 6.9
	 	Operating Accounts	  	 	66	 
	 6.10
	 	Audits	  	 	66	 
	 6.11
	 	Additional Collateral, Etc.	  	 	67	 
	 6.12
	 	Use of Proceeds	  	 	68	 
	 6.13
	 	Designated Senior Indebtedness	  	 	68	 
	 6.14
	 	Anti-Corruption Laws	  	 	68	 
	 6.15
	 	Litigation Cooperation	  	 	68	 
	 6.16
	 	Further Assurances	  	 	69	 
	 6.17
	 	Regulatory Matters	  	 	69	 
		
	 SECTION VII NEGATIVE COVENANTS
	  	 	69	 
			
	 7.1
	 	Financial Condition Covenants	  	 	69	 
	 7.2
	 	Indebtedness	  	 	70	 
	 7.3
	 	Liens	  	 	71	 
	 7.4
	 	Fundamental Changes	  	 	72	 
	 7.5
	 	Disposition of Property	  	 	73	 
	 7.6
	 	Restricted Payments	  	 	74	 
	 7.7
	 	[Reserved]	  	 	75	 

  
 -ii- 

 Table of Contents 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 7.8
	 	Investments	  	 	75	 
	 7.9
	 	ERISA	  	 	75	 
	 7.10
	 	[Reserved]	  	 	76	 
	 7.11
	 	Transactions with Affiliates	  	 	76	 
	 7.12
	 	Sale Leaseback Transactions	  	 	76	 
	 7.13
	 	Swap Agreements	  	 	76	 
	 7.14
	 	Changes in Fiscal Year	  	 	76	 
	 7.15
	 	Negative Pledge Clauses	  	 	76	 
	 7.16
	 	Clauses Restricting Subsidiary Distributions	  	 	76	 
	 7.17
	 	Lines of Business	  	 	77	 
	 7.18
	 	Designation of other Indebtedness	  	 	77	 
	 7.19
	 	[Reserved]	  	 	77	 
	 7.20
	 	Amendments to Organizational Agreements	  	 	77	 
	 7.21
	 	Use of Proceeds	  	 	77	 
	 7.22
	 	Subordinated Debt	  	 	77	 
	 7.23
	 	Anti-Terrorism Laws	  	 	78	 
	 7.24
	 	Anti-Hoarding	  	 	78	 
		
	 SECTION VIII EVENTS OF DEFAULT
	  	 	78	 
			
	 8.1
	 	Events of Default	  	 	78	 
	 8.2
	 	Remedies Upon Event of Default	  	 	80	 
	 8.3
	 	Application of Funds	  	 	81	 
		
	 SECTION IX THE ADMINISTRATIVE AGENT
	  	 	82	 
	 9.1
	 	Appointment and Authority	  	 	82	 
	 9.2
	 	Delegation of Duties	  	 	83	 
	 9.3
	 	Exculpatory Provisions	  	 	83	 
	 9.4
	 	Reliance by Administrative Agent	  	 	84	 
	 9.5
	 	Notice of Default	  	 	85	 
	 9.6
	 	Non-Reliance on Administrative Agent and Other Lenders	  	 	85	 
	 9.7
	 	Indemnification	  	 	85	 
	 9.8
	 	Agent in Its Individual Capacity	  	 	86	 
	 9.9
	 	Successor Administrative Agent	  	 	86	 
	 9.10
	 	Collateral and Guaranty Matters	  	 	87	 
	 9.11
	 	Administrative Agent May File Proofs of Claim	  	 	88	 
	 9.12
	 	Reserved	  	 	88	 
	 9.13
	 	Erroneous Payments	  	 	88	 
	 9.14
	 	Parallel Debt	  	 	91	 
	 9.15
	 	Survival	  	 	92	 
		
	 SECTION X MISCELLANEOUS
	  	 	92	 
	 10.1
	 	Amendments and Waivers	  	 	92	 
	 10.2
	 	Notices	  	 	94	 
	 10.3
	 	No Waiver; Cumulative Remedies	  	 	96	 
	 10.4
	 	Survival of Representations and Warranties	  	 	96	 
	 10.5
	 	Expenses; Indemnity; Damage Waiver	  	 	96	 
	 10.6
	 	Successors and Assigns; Participations and Assignments	  	 	97	 

  
 -iii- 

 Table of Contents 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 10.7
	 	Adjustments; Set-off	  	 	101	 
	 10.8
	 	Payments Set Aside	  	 	102	 
	 10.9
	 	Interest Rate Limitation	  	 	102	 
	 10.10
	 	Counterparts; Electronic Execution of Assignments	  	 	102	 
	 10.11
	 	Severability	  	 	103	 
	 10.12
	 	Integration	  	 	103	 
	 10.13
	 	GOVERNING LAW	  	 	103	 
	 10.14
	 	Submission to Jurisdiction; Waivers	  	 	103	 
	 10.15
	 	Acknowledgements	  	 	104	 
	 10.16
	 	Releases of Guarantees and Liens	  	 	104	 
	 10.17
	 	Treatment of Certain Information; Confidentiality	  	 	105	 
	 10.18
	 	Automatic Debits	  	 	106	 
	 10.19
	 	Judgment Currency	  	 	106	 
	 10.20
	 	Patriot Act; Other Regulations	  	 	106	 
	 10.21
	 	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	  	 	107	 

  
 -iv- 

			
	SCHEDULES
		
	 Schedule 1.1A:

Schedule 4.4:

Schedule 4.5:

Schedule 4.13:

Schedule 4.15:

Schedule 4.17:

Schedule 4.17(h):

Schedule 4.19(a):

Schedule 4.27:

Schedule 4.29:

Schedule 7.2(d):

Schedule 7.3(f):
	  	 Commitments

Governmental Approvals, Consents, Authorizations, Filings and Notices

Requirements of Law

ERISA Plans

Subsidiaries

Environmental Matters; Properties

Properties

Financing Statements and Other Filings

Capitalization

Regulatory Permits

Existing Indebtedness

Existing Liens

  

			
	EXHIBITS
		
	 Exhibit A:

Exhibit B:

Exhibit C:

Exhibit D:

Exhibit E:

Exhibits F-1—F-4:

Exhibits G-1—G-2:

Exhibit H:

Exhibit I:

Exhibit J:

Exhibit K:

Exhibit L:
	  	 Form of Guarantee and Collateral Agreement

Form of Compliance Certificate

Form of Secretary’s Certificate

Form of Solvency Certificate

Form of Assignment and Assumption

Forms of U.S. Tax Compliance Certificate

Forms of Credit/Debit Authorization

Form of Term Loan Note

[Reserved]

Form of Collateral Information Certificate

Form of Notice of Borrowing

Form of Notice of Conversion/Continuation

  
 -v- 

 CREDIT AGREEMENT 

THIS CREDIT AGREEMENT (this “Agreement”), dated as of July 25, 2022, is entered into by and among
TRANSMEDICS GROUP, INC., a Massachusetts corporation (the “Borrower”), the several banks and other financial institutions or entities from time to time party to this Agreement (each a
“Lender” and, collectively, the “Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (“CIBC”), as the administrative agent and collateral agent for the
Lenders (in such capacities, together with any successors and assigns in such capacities, the “Administrative Agent”). 

RECITALS: 

WHEREAS, the Borrower desires to obtain financing to refinance the Existing Credit Facility, as well as for working capital financing
and general corporate purposes; 
 WHEREAS, the Lenders have agreed to extend a term loan facility in the aggregate principal amount
of $60,000,000 to the Borrower upon the terms and conditions specified in this Agreement; 
 WHEREAS, the Borrower has agreed to
secure all of its Obligations by granting to the Administrative Agent, for the ratable benefit of the Secured Parties, a first priority lien (subject to Liens permitted by the Loan Documents) on substantially all of its assets; and 

WHEREAS, each of the Guarantors has agreed to guarantee the Obligations of the Borrower and to secure its respective Obligations in
respect of such guarantee by granting to the Administrative Agent, for the ratable benefit of the Secured Parties, a first priority lien (subject to Liens permitted by the Loan Documents) on substantially all of its assets. 

NOW, THEREFORE, the parties hereto hereby agree as follows: 

SECTION I 
 DEFINITIONS

 1.1 Defined Terms. As used in this Agreement (including the recitals hereof), the terms listed in this
Section 1.1 shall have the respective meanings set forth in this Section 1.1. 

“ABR”: for any day, a rate per annum equal to the higher of (a) the Prime Rate in effect on such day and
(b) the Federal Funds Effective Rate in effect for such day plus 0.50%. Any change in the ABR due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective as of the opening of business on the effective day of the
change in such rates. 
 “ABR Loans”: Loans, the rate of interest applicable to which is based upon the ABR. 

“Account Debtor”: any Person who may become obligated to any Person under, with respect to, or on account of, an
Account, chattel paper or general intangibles (including a payment intangible). Unless otherwise stated, the term “Account Debtor,” when used herein, shall mean an Account Debtor in respect of an Account of the Borrower. 

“Accounts”: all “accounts” (as defined in the UCC) of a Person, including, without limitation, accounts,
accounts receivable, monies due or to become due and obligations in any form (whether arising in connection with contracts, contract rights, instruments, general intangibles, or chattel paper), in each case whether arising out of goods sold or
services rendered or from any other transaction and whether or not earned by performance, now or hereafter in existence, and all documents of title or other documents representing any of the foregoing, and all collateral security and guaranties of
any kind, now or hereafter in existence, given by any Person with respect to any of the foregoing. Unless otherwise stated, the term “Account,” when used herein, shall mean an Account of the Borrower. 

  
 1 

 “Administrative Agent”: CIBC, as the administrative agent under this
Agreement and the other Loan Documents, together with any of its successors in such capacity. 
 “Affected Lender”:
as defined in Section 2.17. 
 “Affiliate”: with respect to a specified Person, another
Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified; provided that, neither the Administrative Agent nor the Lenders shall be deemed Affiliates of
the Loan Parties as a result of the exercise of their rights and remedies under the Loan Documents. 
 “Agent
Parties”: as defined in Section 10.2(c)(ii). 
 “Aggregate Exposure”: with
respect to any Lender at any time, an amount equal to the sum of (a) without duplication of clause (b), the aggregate then unpaid principal amount of such Lender’s Term Loans, and (b) without duplication of clause (a), the aggregate
amount of such Lender’s Term Commitments then in effect. 
 “Aggregate Exposure Percentage”: with respect to
any Lender at any time, the ratio (expressed as a percentage) of such Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time. 

“Agreement”: as defined in the preamble hereto. 

“Agreement Currency”: as defined in Section 10.19. 

“Amortization Start Date”: initially, July 31, 2024, provided that upon satisfaction of the Revenue Milestone by
July 25, 2024 and written notice by the Borrower to the Administrative Agent, the Amortization Start Date shall be extended to July 31, 2025. 

“Anti-Corruption Laws”: as defined in Section 4.30. 

“Applicable Margin”: (a) with respect to SOFR Loans, 2.00% per annum and (b) with respect to ABR Loans, 1.00% per
annum. 
 “Approved Fund”: any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a
Lender, or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Asset Sale”:
any Disposition of property or series of related Dispositions of property (excluding any such Disposition of property permitted by clauses (a) through (k) of Section 7.5) that yields gross proceeds to any Group Member
(valued at the initial principal amount thereof in the case of non-cash proceeds consisting of notes or other debt securities and valued at fair market value in the case of other
non-cash proceeds) in excess of $500,000. 
 “Assignment and Assumption”: an
assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 10.6), and accepted by the Administrative Agent, in substantially the form of
Exhibit E or any other form approved by the Administrative Agent. 
 “Bail-In
Action”: 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. 

  
 2 

 “Bail-In Legislation”: 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”: Title 11 of the United States
Code entitled “Bankruptcy.” 
 “Benchmark Replacement Adjustment”: with respect to any replacement of any
SOFR Benchmark Rate with a Replacement Benchmark Rate, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent
(and, if applicable, the Borrower) giving due consideration to (a) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of any SOFR Benchmark Rate with the
applicable Replacement Benchmark Rate by the SOFR Administrator or other relevant Governmental Authority or (b) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such
spread adjustment, for the replacement of any SOFR Benchmark Rate with the applicable Replacement Benchmark Rate for U.S. Dollar bilateral or syndicated business loans. 

“Benchmark Replacement Conforming Changes”: with respect to any replacement of any SOFR Benchmark Rate with a
Replacement Benchmark Rate, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent (and, if applicable, the
Borrower) giving due consideration to (a) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of any SOFR Benchmark Rate with the applicable Replacement
Benchmark Rate by the SOFR Administrator or other relevant Governmental Authority or (b) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for
the replacement of any SOFR Benchmark Rate with the applicable Replacement Benchmark Rate for U.S. Dollar bilateral or syndicated business loans. 

“Benchmark Transition Event”: as defined in Section 2.11(a). 

“Benefitted Lender”: as defined in Section 10.7(a). 

“Blocked Person”: as defined in Section 7.23. 

“Board”: the Board of Governors of the Federal Reserve System of the United States (or any successor). 

“Borrower”: as defined in the preamble hereto. 

“Borrowing Date”: any Business Day specified by the Borrower in a Notice of Borrowing as a date on which the Borrower
requests the relevant Lenders to make Loans hereunder. 
 “Business”: as defined in
Section 4.17(b). 
 “Business Day”: a day other than a Saturday, Sunday or other day on
which commercial banks in the State of New York or Chicago, Illinois are authorized or required by law to close. 
 “Capital
Lease Obligations”: as to any Person, the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which
obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP and, for the purposes of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at
such time determined in accordance with GAAP. 

  
 3 

 “Capitalized Research and Development Costs” means, for any period,
the aggregate of all research and development expenditures (whether paid in cash or accrued as liabilities) by the Borrower and its Subsidiaries during such period that, in conformity with GAAP, are required to be reflected as capitalized costs on
the consolidated balance sheet of the Borrower and its Subsidiaries. 
 “Capitalized Software Expenditures” means,
for any period, the aggregate of all expenditures (whether paid in cash or accrued as liabilities) by the Borrower and its Subsidiaries during such period in respect of purchased software or internally developed software and software enhancements
that, in conformity with GAAP, are licensed or are required to be reflected as capitalized costs on the consolidated balance sheet of the Borrower and its Subsidiaries. 

“Capital Stock”: with respect to any Person, all of the shares of capital stock of (or other ownership or profit
interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, all of the securities convertible into or
exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests), and all of the other
ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any date of
determination. 
 “Cash Collateralize”: to pledge and deposit with or deliver to (a) with respect to
Obligations arising under any Cash Management Agreement in connection with Cash Management Services, the applicable Cash Management Bank, for its own or any of its applicable Affiliate’s benefit, as provider of such Cash Management Services,
cash or deposit account balances or, if the Administrative Agent and the applicable Cash Management Bank shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and substance satisfactory to the
Administrative Agent and such Cash Management Bank or (b) with respect to Obligations in respect of any Specified Swap Agreements, the applicable Qualified Counterparty, as Collateral for such Obligations, cash or deposit account balances or,
if such Qualified Counterparty shall agree in its sole discretion, other credit support, in each case pursuant to documentation in form and substance satisfactory to such Qualified Counterparty. “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”: (a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States
Government or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within one year from the date of acquisition; (b) certificates of deposit, time deposits, eurodollar time deposits or
overnight bank deposits having maturities of six months or less from the date of acquisition issued by any Lender or by any commercial bank organized under the laws of the ‘United States or any state thereof having combined capital and surplus
of not less than $250,000,000; (c) commercial paper of an issuer rated at least A-1 by S&P or P-1 by Moody’s, or carrying an equivalent rating by a nationally
recognized rating agency, if both of the two named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing within six months from the date of acquisition; (d) repurchase obligations of any Lender or of any
commercial bank satisfying the requirements of clause (b) of this definition, having a term of not more than 30 days, with respect to securities issued or fully guaranteed or insured by the United States government; (e) securities with
maturities of one year or less from the date of acquisition issued or fully guaranteed by any state, 

  
 4 

 
commonwealth or territory of the United States, by any political subdivision or taxing authority of any such state, commonwealth or territory or by any foreign government, the securities of which
state, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case may be) are rated at least A by S&P or A by Moody’s; (f) securities with maturities of six months or less from the date of
acquisition backed by standby letters of credit issued by any Lender or any commercial bank satisfying the requirements of clause (b) of this definition; (g) money market mutual or similar funds that invest exclusively in assets satisfying
the requirements of clauses (a) through (f) of this definition; or (h) money market funds that (i) comply with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of 1940,
as amended, (ii) are rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio assets of at least $5,000,000,000. 

“Cash Management Agreement”: as defined in the definition of “Cash Management Services.” 

“Cash Management Bank”: CIBC or an Affiliate of CIBC (including, without limitation, US Bank National Association,
Canada Branch). 
 “Cash Management Services”: cash management and other services provided to one or more of the
Loan Parties by a Cash Management Bank which may include treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer,
interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system), merchant services, direct deposit of payroll,
business credit card (including so-called “purchase cards”, “procurement cards” or “p-cards”), credit card processing services, debit
cards, stored value cards, and check cashing services identified in such Cash Management Bank’s various cash management services or other similar agreements, including, without limitation, a US Bank Canada Commercial Card Acknowledgement and
Indemnity Agreement (each, a “Cash Management Agreement”). 
 “Casualty Event”: any
damage to or any destruction of, or any condemnation or other taking by any Governmental Authority of any property of the Loan Parties. 

“Certificated Securities”: as defined in Section 4.19(a). 

“Change of Control”: (a) at any time, any “person” or “group” (as such terms are used in Sections
13(d) and 14(d) of the Exchange Act), shall become, or obtain rights (whether by means or warrants, options or otherwise) to become, the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act), directly or indirectly, of more than 35% of the ordinary voting power for the election of the members of the board of directors or other equivalent governing body of the Borrower
(determined on a fully diluted basis); (b) occupation at any time of a majority of the seats (other than vacant seats) on the board of directors of the Borrower by Persons who were not (i) directors of the Borrower on the date of this Agreement
or nominated, or appointed by the board of directors of the Borrower or (ii) appointed by directors so nominated, or appointed; or (c) at any time, the Borrower shall cease to own and control, of record and beneficially, directly or
indirectly, 100% of each class of outstanding Capital Stock of each of its Subsidiaries (other than as a result of a transaction permitted under Section 7.4), free and clear of all Liens (other than Liens permitted under
this Agreement). 
 “CIBC”: as defined in the preamble hereto. 

“Closing Date”: the date on which all of the conditions precedent set forth in Section 5.1
are satisfied or waived by the Administrative Agent and, as applicable, the Lenders or the Required Lenders. 

“Code”: the Internal Revenue Code of 1986, as amended from time to time. 

  
 5 

 “Collateral”: all property of the Loan Parties, now owned or
hereafter acquired, upon which a Lien is purported to be created by any Security Document. 
 “Collateral Information
Certificate”: the Collateral Information Certificate to be executed and delivered by the Borrower and each other Loan Party pursuant to Section 5.1, substantially in the form of Exhibit J. 

“Collateral-Related Expenses”: all costs and expenses of the Administrative Agent paid or incurred in connection with
any sale, collection or other realization on the Collateral, including reasonable compensation to the Administrative Agent and its agents and counsel and reimbursement for all other costs, expenses and liabilities and advances made or incurred by
the Administrative Agent in connection therewith (including as described in Section 6.5 of the Guarantee and Collateral Agreement), and all amounts for which the Administrative Agent is entitled to indemnification under the
Security Documents and all advances made by the Administrative Agent under the Security Documents for the account of any Loan Party. 

“Commitment”: as to any Lender, its Term Commitment. 

“Commodity Exchange Act”: the Commodity Exchange Act (7 U.S.C. Section 1 et seq.), as amended from time to
time, and any successor statute. 
 “Communications”: as defined in Section 10.2(c)(ii).

 “Compliance Certificate”: a certificate duly executed by a Responsible Officer substantially in the form of
Exhibit B. 
 “Compliance Program”: as defined in Section 6.17(c). 

“Connection Income Taxes”: Other Connection Taxes that are imposed on or measured by net income (however denominated)
or that are franchise Taxes or branch profits Taxes. 
 “Consolidated Adjusted EBITDA”: with respect to the Borrower
and its consolidated Subsidiaries for any period, (a) Consolidated Net Income, plus (b) Consolidated Interest Expense, plus (c) to the extent deducted in the calculation of Consolidated Net Income, depreciation expense and
amortization expense of the Borrower and its Subsidiaries, plus (d) to the extent deducted in the calculation of Consolidated Net Income, income tax expense of the Borrower and its Subsidiaries, plus (e) to the extent deducted in the
calculation of Consolidated Net Income, Non-Cash Charges of the Borrower and its Subsidiaries, plus (f) to the extent deducted in the calculation of Consolidated Net Income, the Transaction Costs, minus
(g) Capitalized Research and Development Costs, minus (h) Capitalized Software Expenditures, minus (i) capitalized lease payments that would otherwise have been an operating expense pursuant to Accounting Standards Codification 842
(as in effect on the Closing Date), in each case, as determined in accordance with GAAP. 
 “Consolidated Interest
Expense”: for any period, total interest expense (including that attributable to Capital Lease Obligations) of the Borrower and its consolidated Subsidiaries for such period with respect to all outstanding Indebtedness of such Persons
(including all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing and net costs under Swap Agreements in respect of interest rates to the extent such net costs are
allocable to such period in accordance with GAAP). 

  
 6 

 “Consolidated Net Income”: for any period, the consolidated net
income (or loss) of the Borrower and its consolidated Subsidiaries, determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded from the calculation of “Consolidated Net Income” (a) the income
(or deficit) of any such Person accrued prior to the date it becomes a Subsidiary of the Borrower or is merged into or consolidated with the Borrower or one of its Subsidiaries, (b) the income (or deficit) of any such Person (other than a
Subsidiary of the Borrower) in which the Borrower or one of its Subsidiaries has an ownership interest, except to the extent that any such income is actually received by the Borrower or such Subsidiary in the form of dividends or similar
distributions, and (c) the undistributed earnings of any Subsidiary of the Borrower to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary is not at the time permitted by the terms of any
Contractual Obligation (other than under any Loan Document) or Requirement of Law applicable to such Subsidiary. 
 “Contractual
Obligation”: as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

“Control”: the possession, directly or indirectly, of the power to direct or cause the direction of the management or
policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

“Control Agreement”: any springing account control agreement in form and substance reasonably satisfactory to the
Administrative Agent entered into among the depository institution at which a Loan Party maintains a Deposit Account or the securities intermediary at which a Loan Party maintains a Securities Account, such Loan Party, and the Administrative Agent
pursuant to which the Administrative Agent obtains control (within the meaning of the UCC or any other applicable law) over such Deposit Account or Securities Account. 

“Credit Authorization”: a certificate duly executed by a Responsible Officer substantially in the form of Exhibit G-2 attached hereto confirming the authorization to credit the Borrower’s Deposit Account. 

“Debit Authorization”: a certificate duly executed by a Responsible Officer substantially in the form of Exhibit G-1 attached hereto confirming the authorization to debit the Borrower’s Deposit Account. 

“Debtor Relief Laws”: the Bankruptcy Code, the Dutch Bankruptcy Code (Faillissementswet) 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. 
 “Declined Amount”: as defined in Section 2.6(d). 

“Default”: any of the events specified in Section 8.1, whether or not any requirement for
the giving of notice, the lapse of time, or both, has been satisfied. 
 “Default Rate”: as defined in
Section 2.9(c). 
 “Defaulting Lender”: subject to
Section 2.18(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies
the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s reasonable determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable
default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent or any other 

  
 7 

 
Lender any other amount required to be paid by it hereunder within two (2) Business Days of the date when due, (b) has notified the Borrower and the Administrative Agent in writing that
it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such
position is based on such Lender’s reasonable 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 (3) Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to, the Administrative Agent and the
Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative
Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) become the subject of a Bail-In
Action or (iii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal
Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in
that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the
enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the
Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to
Section 2.18(b)) upon delivery of written notice of such determination to the Borrower and each Lender. 

“Deposit Account”: any “deposit account” as defined in the UCC with such additions to such term as may
hereafter be made. 
 “Deposit Account Control Agreement”: any Control Agreement entered into by the Administrative
Agent, a Loan Party and a financial institution holding a Deposit Account of such Loan Party pursuant to which the Administrative Agent is granted “control” (for purposes of the UCC) over such Deposit Account. 

“Designated Jurisdiction”: any country or territory to the extent that such country or territory itself is the subject
of any Sanction. 
 “Determination Date”: as defined in the definition of “Pro Forma Basis”. 

“Discharge of Obligations”: subject to Section 10.8, the satisfaction of the Obligations
(including all such Obligations relating to Cash Management Services) by the payment in full, in cash (or, as applicable, Cash Collateralize in accordance with the terms hereof) of the principal of and interest on or other liabilities relating to
each Loan and any previously provided Cash Management Services, all fees and all other expenses or amounts payable under any Loan Document (other than inchoate indemnification obligations and any other obligations which pursuant to the terms of any
Loan Document specifically survive repayment of the Loans for which no claim has been made), and other Obligations under or in respect of Specified Swap Agreements and Cash Management Services, to the extent (a) no default or termination event
shall have occurred and be continuing thereunder, (b) any such Obligations in respect of Specified Swap Agreements have, if required by any applicable Qualified Counterparties, been Cash Collateralized, (c) no Obligations in respect of any
Cash Management Services are outstanding (or, as applicable, all such outstanding Obligations in respect of Cash Management Services have been Cash Collateralized in accordance with the terms hereof), and (d) the aggregate Commitments of the
Lenders are terminated. 

  
 8 

 “Disposition”: with respect to any property (including, without
limitation, Capital Stock of the Borrower or any of its Subsidiaries), any sale, lease, Sale Leaseback Transaction, assignment, conveyance, transfer, encumbrance or other disposition thereof and any issuance of Capital Stock of the Borrower or any
of its Subsidiaries. The terms “Dispose” and “Disposed of shall have correlative meanings. 

“Disqualified Stock”: any Capital Stock that, by its terms (or by the terms of any security into which it is
convertible, or for which it is exchangeable, in each case at the option of the holder thereof), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the
option of the holder thereof, in whole or in part, on or prior to the date that is ninety-one (91) days after the date on which the Loans mature. The amount of Disqualified Stock deemed to be outstanding
at any time for purposes of this Agreement will be the maximum amount that the Borrower and its Subsidiaries may become obligated to pay upon maturity of, or pursuant to any mandatory redemption provisions of, such Disqualified Stock or portion
thereof, plus accrued dividends. 
 “Division”: in reference to any Person which is an entity, the division of such
Person into two (2) or more separate Persons, with the dividing Person either continuing or terminating its existence as part of such division, including as contemplated under Section 18-217 of the
Delaware Limited Liability Company Act, or any analogous action taken pursuant to any other applicable Requirements of Law. 

“Dollars” and “$”: dollars in lawful currency of the United States. 

“Domestic Subsidiary”: any Subsidiary of the Borrower organized under the laws of any jurisdiction within the United
States. 
 “Dutch Security Agreement”: means that certain Dutch law security agreement, to be delivered pursuant to
Section 5.2(b), as may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, by and among the Dutch Subsidiary, as pledgor, and Canadian Imperial Bank of Commerce as pledgee. 

“Dutch Security Documents”: (a) the Dutch Security Agreement and (b) that certain Dutch law pledge of shares in
the capital of the Dutch Subsidiary, to be delivered pursuant to Section 5.2(b), as may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, by and among TransMedics Inc. as
pledgor and Canadian Imperial Bank of Commerce as pledgee and the Dutch Subsidiary. 
 “Dutch Subsidiary”: means
TransMedics B.V., a private limited liability company (besloten vennootschap met beperkte aansprakelijkheid) under Dutch law, trade register number 18085728. 

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

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

  
 9 

 “EEA Resolution Authority”: 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. 

“Eligible Assignee”: any Person that meets the requirements to be an assignee under
Section 10.6(b)(iii), (v) and (vi) (subject to such consents, if any, as may be required under Section 10.6(b)(iii)). 

“Environmental Laws”: any and all foreign, federal, state, local or municipal laws, rules, orders, regulations,
statutes, ordinances, codes, decrees, requirements of any Governmental Authority or other Requirements of Law (including common law) regulating, relating to or imposing liability or standards of conduct concerning protection of human health or the
environment, as now or may at any time hereafter be in effect. 
 “Environmental Liability”: any liability,
contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Borrower, any other Loan Party or any of their respective Subsidiaries directly or indirectly resulting from
or based upon (a) a violation of an Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Materials of Environmental Concern, (c) exposure to any Materials of Environmental
Concern, (d) the release or threatened release of any Materials of Environmental Concern into the environment, or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to
any of the foregoing. 
 “ERISA”: the Employee Retirement Income Security Act of 1974, as amended, including (unless
the context otherwise requires) any rules or regulations promulgated thereunder. 
 “ERISA Affiliate”: each business
or entity which is, or within the last six years was, a member of a “controlled group of corporations,” under “common control” or an “affiliated service group” with any Loan Party within the meaning of
Section 414(b), (c), (m) or (n) of the Code, required to be aggregated with any Loan Party under Section 414(o) of the Code, or is, or within the last six years was, under “common control” with any Loan Party, within the
meaning of Section 4001(a)(14) of ERISA. 
 “ERISA Event”: any of (a) a reportable event as defined in
Section 4043 of ERISA with respect to a Pension Plan, excluding, however, such events as to which the PBGC by regulation has waived the requirement of Section 4043(a) of ERISA that it be notified within 30 days of the occurrence of such
event; (b) the applicability of the requirements of Section 4043(b) of ERISA with respect to a contributing sponsor, as defined in Section 4001(a)(13) of ERISA, to any Pension Plan where an event described in paragraph (9), (10),
(11), (12) or (13) of Section 4043(c) of ERISA is reasonably expected to occur with respect to such plan within the following 30 days; (c) a withdrawal by any Loan Party or any ERISA Affiliate thereof from a Pension Plan or the
termination of any Pension Plan resulting in liability under Sections 4063 or 4064 of ERISA; (d) the withdrawal of any Loan Party or any ERISA Affiliate thereof in a complete or partial withdrawal (within the meaning of Section 4203 and
4205 of ERISA) from any Multiemployer Plan if there is any potential liability therefor, or the receipt by any Loan Party or any ERISA Affiliate thereof of notice from any Multiemployer Plan that it is in reorganization or insolvency pursuant to
Section 4241 or 4245 of ERISA; (e) the filing of a notice of intent to terminate, the treatment of a plan amendment as a termination under Section 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a
Pension Plan or Multiemployer Plan; (f) the imposition of liability on any Loan Party or any ERISA Affiliate thereof pursuant to Sections 4062(e) or 4069 of ERISA or by reason of the application of Section 4212(c) of ERISA; (g) the
failure by any Loan Party or any ERISA Affiliate thereof to make any required contribution to a Pension Plan, or the failure to meet the minimum funding standard of Section 412 of the Code with respect to any Pension Plan (whether or not waived
in accordance with Section 412(c) of the Code) or the failure to make by its due date a required installment under Section 430 of the Code with respect to any Pension Plan or the failure to

  
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make any required contribution to a Multiemployer Plan; (h) the determination that any Pension Plan is considered an at-risk plan or a plan in
endangered to critical status within the meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304 and 305 of ERISA; (i) an event or condition which might reasonably be expected to constitute grounds under Section 4042 of ERISA
for the termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; (j) the imposition of any liability under Title I or Title IV of ERISA, other than PBGC premiums due but not delinquent under
Section 4007 of ERISA, upon any Loan Party or any ERISA Affiliate thereof; (k) an application for a funding waiver under Section 303 of ERISA or an extension of any amortization period pursuant to Section 412 of the Code with
respect to any Pension Plan; (l) the occurrence of a non-exempt prohibited transaction under Sections 406 or 407 of ERISA for which any Loan Party or any Subsidiary thereof may be directly or indirectly
liable; (m) a violation of the applicable requirements of Section 404 or 405 of ERISA or the exclusive benefit rule under Section 401(a) of the Code by any fiduciary or disqualified person for which any Loan Party or any ERISA
Affiliate thereof may be directly or indirectly liable; (n) the occurrence of an act or omission which could give rise to the imposition on any Loan Party or any ERISA Affiliate thereof of fines, penalties, taxes or related charges under
Chapter 43 of the Code or under Sections 409, 502(c), (i) or (1) or 4071 of ERISA; (o) the assertion of a material claim (other than routine claims for benefits) against any Plan or the assets thereof, or against any Loan Party or any
Subsidiary thereof in connection with any such Plan; (p) receipt from the IRS of notice of the failure of any Qualified Plan to qualify under Section 401(a) of the Code, or the failure of any trust forming part of any Qualified Plan to
fail to qualify for exemption from taxation under Section 501(a) of the Code; (q) the imposition of any lien (or the fulfillment of the conditions for the imposition of any lien) on any of the rights, properties or assets of any Loan Party
or any ERISA Affiliate thereof, in either case pursuant to Title I or IV, including Section 302(f) or 303(k) of ERISA or to Section 401(a)(29) or 430(k) of the Code; or (r) the establishment or amendment by any Loan Party or any
Subsidiary thereof of any “welfare plan” as such term is defined in Section 3(1) of ERISA, that provides post-employment welfare benefits in a manner that would increase the liability of any Loan Party. 

“ERISA Funding Rules”: the rules regarding minimum required contributions (including any installment payment thereof)
to Pension Plans, as set forth in Section 412 of the Code and Section 302 of ERISA, with respect to Plan years ending prior to the effective date of the Pension Protection Act of 2006, and thereafter, as set forth in Sections 412, 430,
431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA. 
 “Erroneous Payment”: as
defined in Section 9.13(a). 
 “Erroneous Payment Deficiency Assignment”: as defined in
Section 9.13(d). 
 “Erroneous Payment Impacted Class”: as defined in
Section 9.13(d). 
 “Erroneous Payment Return Deficiency”: as defined in
Section 9.13(d). 
 “Erroneous Payment Subrogation Rights”: as defined in
Section 9.13(d). 
 “EU Bail-In Legislation
Schedule”: the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time. 

“Event of Default”: any of the events specified in Section 8.1; provided that any
requirement for the giving of notice, the lapse of time, or both, has been satisfied. 
 “Evidence of Flood
Insurance”: as defined in Section 6.11(b). 

  
 11 

 “Exchange Act”: the Securities Exchange Act of 1934, as amended from
time to time and any successor statute. 
 “Excluded Account”: Deposit Accounts (a) that serve solely as
payroll accounts, withholding tax accounts or fiduciary accounts, (b) that are zero balance accounts, or (c) in which the aggregate amount on deposit, collectively for all such accounts, does not exceed $100,000 for a period of three
(3) consecutive Business Days. 
 “Excluded Subsidiary”: (a) each Subsidiary that is not a wholly owned
Subsidiary (for so long as such Subsidiary remains a non-wholly owned Subsidiary), (b) any Immaterial Subsidiary or any other Foreign Subsidiary, where a guarantee by such Foreign Subsidiary (1) would
reasonably be expected to cause the undistributed earnings of such Foreign Subsidiary as determined for U.S. federal income tax purposes to be treated as a deemed dividend to such Foreign Subsidiary’s U.S. parent and (2) would reasonably
be expected to cause material adverse tax consequences; (c) with respect to any Swap Obligation, any Subsidiary that is not an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder and
(d) any Subsidiary of an Excluded Subsidiary. 
 “Excluded Swap Obligations”: with respect to any Guarantor,
any Swap Obligation if, and to the extent that, all or a portion of the Guarantee Obligation of such Guarantor with respect to, or the grant by such Guarantor of a Lien to secure, such Swap Obligation (or any guarantee thereof) is or becomes illegal
under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an
“eligible contract participant” as defined in the Commodity Exchange Act at the time such Guarantee Obligation of such Guarantor, or the grant by such Guarantor of such Lien, becomes effective with respect to such Swap Obligation. If such
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 Obligation or Lien is or becomes excluded
in accordance with the first sentence of this definition. 
 “Excluded Taxes”: 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, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a
law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 2.17) or (ii) such Lender changes its
lending office, except in each case to the extent that, pursuant to Section 2.14, 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 2.14(f), and (d) any Taxes assessed, imposed, withheld or deducted
under the laws of the Netherlands, to the extent such Taxes become payable as a result of (i) the application of the Dutch Withholding Tax Act 2021 (Wet bronbelasting 2021) as published at the time of this Agreement or (ii) such Recipient
having a substantial interest (aanmerkelijk belang) as defined in the Dutch Income Tax Act (Wet inkomstenbelasting 2001) in the Dutch Subsidiary and (e) any U.S. federal withholding Taxes imposed under FATCA. 

  
 12 

 “Existing Credit Facility”: Credit Agreement dated as of
June 22, 2018 (as the same may from time to time have been amended, restated, amended or restated, supplemented or otherwise modified) by and between Borrower and the Existing Lender. 

“Existing Lender”: OrbiMed Royalty Opportunities II, LP. 

“Extraordinary Receipts”: any cash received by the Borrower’s or its Subsidiaries’ business from
(a) U.S. federal income tax refunds, (b) pension plan reserves, (c) judgments, proceeds of settlements or other consideration of any kind in connection with any cause of action and (d) indemnity payments. 

“Facility”: the Term Facility. 

“FASB ASC”: the Accounting Standards certification of the Financial Accounting Standards Board. 

“FATCA”: 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, any agreement entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or
regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Code. 

“FDA”: the U.S. Food and Drug Administration. 

“FDA Law or Regulation” means the Federal Food, Drug, and Cosmetic Act, as amended (21 U.S.C. § 301 et seq.), the
Public Health Service Act (42 U.S.C. § 201 et seq.), and the regulations promulgated thereunder or any other comparable local, state, federal, or foreign laws, statutes, regulations, orders, or decrees applicable to the Loan Parties’
products or services. 
 “Federal Funds Effective Rate”: for any day, the weighted average of the rates on overnight
federal funds transactions with members of the Federal Reserve System, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of
the quotations for the day of such transactions received by CIBC from three federal funds brokers of recognized standing selected by it. 

“Federal Reserve Board”: the Board of Governors of the Federal Reserve System, or any successor thereto. 

“Fee Letter”: the letter agreement dated as of the Closing Date, between the Borrower and the Administrative Agent.

 “Flood Determination Form”:    as defined in Section 6.11(b). 

“Flood Documents”: as defined in Section 6.11(b). 

“Flow of Funds Agreement”: the spreadsheet or other similar statement prepared and certified by Borrower, regarding
the disbursement of Loan proceeds, the funding and the payment of the fees and expenses of the Administrative Agent and the Lenders (including their respective counsel), and such other matters as may be agreed to by Borrowers, the Administrative
Agent and the Lenders. 

  
 13 

 “Foreign Lender”: (a) if the Borrower is a U.S. Person, a Lender
that is not a U.S. Person, and (b) if the Borrower is not a U.S. Person, a Lender that is resident or organized under the laws of a jurisdiction other than that in which the Borrower is resident for tax purposes. 

“Foreign Subsidiary”: a Subsidiary of the Borrower that is incorporated or organized under the laws of any
jurisdiction other than the United States of America, any state thereof or the District of Columbia. 
 “Fund”: any
Person (other than a natural Person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit in the ordinary course of its activities. 

“Funding Office”: the Term Loan Funding Office. 

“GAAP”: generally accepted accounting principles in the United States as in effect from time to time, except that for
purposes of Section 7.1, GAAP shall be determined on the basis of such principles in effect on the date hereof and consistent with those used in the preparation of the most recent audited financial statements referred to in
Section 4.1(b). In the event that any “Accounting Change” (as defined below) shall occur and such change results in a change in the method of calculation of financial covenants, standards or terms in
this Agreement, then the Borrower and the Administrative Agent agree to enter into negotiations to amend such provisions of this Agreement so as to reflect equitably such Accounting Changes with the desired result that the criteria for evaluating
the Borrower’s financial condition shall be the same after such Accounting Changes as if such Accounting Changes had not been made. Until such time as such an amendment shall have been executed and delivered by the Borrower, the Administrative
Agent and the Required Lenders, all financial covenants, standards and terms in this Agreement shall continue to be calculated or construed as if such Accounting Changes had not occurred. “Accounting Changes” refers to
changes in accounting principles required by the promulgation of any rule, regulation, pronouncement or opinion by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants or, if applicable, the SEC. 

“Governmental Approval”: any consent, authorization, approval, order, license, franchise, permit, certificate,
accreditation, registration, filing or notice, of, issued by, from or to, or other act by or in respect of, any Governmental Authority. 

“Governmental Authority”: the government of the United States of America 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), and any group or body charged with setting accounting or regulatory capital rules or standards (including the Financial Standards
Board, the Bank for International Settlements, the Basel Committee on Banking Supervision and any successor or similar authority to any of the foregoing). 

“Group Members”: the collective reference to the Borrower and its respective Subsidiaries. 

“Guarantee and Collateral Agreement”: the Guarantee and Collateral Agreement to be executed and delivered by the Loan
Parties, substantially in the form of Exhibit A. 
 “Guarantee Obligation”: as to any Person (the
“guaranteeing person”), any obligation, including a reimbursement, counterindemnity or similar obligation, of the guaranteeing person that guarantees or in effect guarantees, or which is given to induce the creation of
a separate obligation by another Person (including any bank under any letter of credit) that guarantees or in effect guarantees, any 

  
 14 

 
Indebtedness, leases, dividends or other obligations (the “primary obligations”) of any other third Person (the “primary obligor”) in
any manner, whether directly or indirectly, including any obligation of the guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect security therefor,
(ii) to advance or supply funds (1) for the purchase or payment of any such primary obligation or (2) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the
primary obligor, (iii) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or
(iv) otherwise to assure or hold harmless the owner of any such primary obligation against loss in respect thereof; provided that the term Guarantee Obligation shall not include endorsements of instruments for deposit or collection in
the ordinary course of business. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of (a) an amount equal to the stated or determinable amount of the primary obligation in respect of which such
Guarantee Obligation is made and (b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee Obligation, unless such primary obligation and the maximum amount for
which such guaranteeing person may be liable are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing person’s maximum reasonably anticipated liability in respect thereof as determined by
the Borrower in good faith. 
 “Guarantors”: a collective reference to each wholly-owned Subsidiary of the Borrower
(other than any Excluded Subsidiary) which has become a Guarantor pursuant to the requirements of Section 6.11 hereof and the Guarantee and Collateral Agreement. 

“Health Care Laws”: as applicable: (a) all Requirements of Law relating to healthcare; health insurance; health
information technology; health information privacy, security, or incident response; coding, billing, or collection of or payment for items and services rendered, provided, dispensed, or furnished by healthcare suppliers or providers; financial
relationships with referral sources; corporate practice of medicine, fee splitting, and patient and beneficiary inducements; including, without limitation FDA Law or Regulation, the False Claims Act, 31 U.S.C. § 3729 et seq.; the Program Fraud
Civil Remedies Act, 31 U.S.C. §§ 3801-3812; the Civil Monetary Penalties Law, 42 U.S.C. §§ 1320a-7a and 1320a-7b; the Exclusion Laws, 42 U.S.C.
§ 1320a-7; HIPAA; the 21st Century Cures Act; the Patient Protection and Affordable Care Act (Pub. L. 111-148) as amended by the Health Care and Education
Reconciliation Act of 2010 (Pub. L. 111-152); the Occupational Safety and Health Act of 1970 and all laws pertaining to precautions against the spread of blood borne pathogens in the workplace; (b) the
regulations promulgated pursuant to all of the foregoing; (c) any and all amendments or modifications made from time to time to the items referenced above, and (d) any similar state and local laws that address the subject matter of all of
the foregoing. 
 “Healthcare Liabilities”: all Liabilities imposed on or incurred by any Group Member as a result
of, or related to, any claim, suit, action, audit, investigation, proceeding or demand by any Person, whether based in contract, tort, implied or express warranty, strict liability, criminal or civil statute or common law or otherwise, arising under
any Health Care Law, whether on, prior to or after the date hereof. 
 “HIPAA”: the Health Insurance Portability and
Accountability Act of 1996, as amended by the Health Information Technology for Economic and Clinical Health Act (Title XIII of the American Recovery and Reinvestment Act of 2009) and its implementing regulations, codified at 45 C.F.R. Parts 160 and
164. 

  
 15 

 “Immaterial Subsidiary”: any Foreign Subsidiary that, as of the last
day of the fiscal quarter of the Borrower most recently ended, had gross revenues, total assets, or Consolidated Adjusted EBITDA for such quarter of less than five percent (5.00%) of the consolidated gross revenues, total assets, or Consolidated
Adjusted EBITDA, as applicable, of the Borrower and its Subsidiaries on a consolidated basis for such fiscal quarter; provided, that in the event that all of the Immaterial Subsidiaries, taken together, had as of the last day of the fiscal quarter
of the Borrower and its Subsidiaries most recently ended, gross revenues, total assets, or Consolidated Adjusted EBITDA, as applicable, in excess of ten percent (10.00%) of the Borrower and its Subsidiaries on a consolidated basis for such fiscal
quarter, Borrower shall designate one or more Immaterial Subsidiaries to be a Guarantor as may be necessary such that the foregoing ten percent (10.00%) limit shall not be exceeded, and any such Subsidiary shall thereafter be required to become a
Guarantor pursuant to the requirements of Section 6.11(c) hereunder. 
 “Incurred”: as
defined in the definition of “Pro Forma Basis”. 
 “Indebtedness”: of any Person at any date, without
duplication, (a) all indebtedness of such Person for borrowed money, (b) all obligations of such Person for the deferred purchase price of property or services (other than current trade payables incurred in the ordinary course of such
Person’s business not overdue by more than one hundred and twenty (120) days, but, including earn-out obligations to the extent such obligations are due and payable and become a liability on the
balance sheet of such Person in accordance with GAAP), (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, (d) 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 rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property), (e) all Capital
Lease Obligations and all Synthetic Lease Obligations of such Person, (f) all obligations of such Person, contingent or otherwise, as an account party or applicant under or in respect of acceptances, letters of credit, surety bonds or similar
arrangements, (g) all obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment in respect of any Disqualified Stock, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or
involuntary liquidation preference plus accrued and unpaid dividends, (h) all Guarantee Obligations of such Person in respect of obligations of the kind referred to in clauses (a) through (g) above, (i) all obligations of the
kind referred to in clauses (a) through (h) above secured by (or for which the holder of such obligation has an existing right, contingent or otherwise, to be secured by) any Lien on property (including accounts and contract rights) owned by
such Person, whether or not such Person has assumed or become liable for the payment of such obligation, and (j) the net obligations of such Person in respect of Swap Agreements. The Indebtedness of any Person shall include the Indebtedness of
any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent
the terms of such Indebtedness expressly provide that such Person is not liable therefor. 
 “Indemnified Taxes”:
(a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of any Loan Party under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes. 

“Indemnitee”: as defined in Section 10.5(b). 

“Insolvency Proceeding”: (a) any case, action or proceeding before any court or other Governmental Authority relating
to bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding-up or relief of debtors, or (b) any general assignment for the benefit of creditors, composition, marshalling of
assets for creditors, or other, similar arrangement in respect of any Person’s creditors generally, or any substantial portion of such Person’s creditors, in each case undertaken under U.S. Federal, state or foreign law, including any
Debtor Relief Law (including any plan (akkoord) under section 370(3) of the Dutch Bankruptcy Code). 

  
 16 

 “Intellectual Property”: the collective reference to all rights,
priorities and privileges relating to intellectual property, whether arising under United States, multinational or foreign laws or otherwise, including copyrights, copyright licenses, patents, patent licenses, trademarks, trademark licenses,
technology, know-how and processes, and all rights to sue at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom. 

“Intellectual Property Security Agreement”: an intellectual property security agreement entered into between a Loan
Party and the Administrative Agent with respect to Intellectual Property registered in the United States pursuant to the terms of the Guarantee and Collateral Agreement, in form and substance satisfactory to the Administrative Agent, together with
each other intellectual property security agreement and supplement thereto delivered pursuant to Section 6.11, in each case as amended, restated, supplemented or otherwise modified from time to time. 

“Interest Payment Date”: (a) as to any ABR Loan, the first Business Day of each calendar month to occur while such
Loan is outstanding and the final maturity date of such Loan, (b) as to any SOFR Loan having an Interest Period of one (1) month, the last Business Day of such Interest Period, (c) as to any SOFR Loan having an Interest Period longer
than one (1) month, each day that is one (1) months (or, if such date is not a Business Day, the Business Day next succeeding such date) after the first day of such Interest Period and the last Business Day of such Interest Period, and
(d) as to any Loan, the date of any repayment or prepayment made in respect thereof. 
 “Interest Period”: as
to any SOFR Loan, (a) initially, the period commencing on the borrowing or conversion date, as the case may be, with respect to such SOFR Loan and ending one (1), three (3) or six (6) months thereafter, as selected by the Borrower in
its Notice of Borrowing or Notice of Conversion/Continuation, as the case may be, given with respect thereto; and (b) thereafter, each period commencing on the last day of the next preceding Interest Period applicable to such SOFR Loan and
ending one (1), three (3) or six (6) months thereafter, as selected by the Borrower by irrevocable notice to the Administrative Agent in a Notice of Conversion/Continuation not later than 12:00 P.M. on the date that is three
(3) Business Days prior to the last day of the then current Interest Period with respect thereto; provided that all of the foregoing provisions relating to Interest Periods are subject to the following: 

(i)    if any Interest Period would otherwise end on a day that is not a Business Day, such Interest Period shall be
extended to the next succeeding Business Day unless the result of such extension would be to carry such Interest Period into another calendar month in which event such Interest Period shall end on the immediately preceding Business Day; 

(ii)    the Borrower may not select an Interest Period under a particular Facility that would extend beyond the Term Loan
Maturity Date; 
 (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 a calendar month; and 

(iv)    the Borrower shall select Interest Periods so as not to require a payment or prepayment of any SOFR Loan during
an Interest Period for such Loan. 
 “Interest Rate Agreement”: any interest rate swap agreement, interest rate cap
agreement, interest rate collar agreement, interest rate hedging agreement or other similar agreement or arrangement, each of which is (a) for the purpose of hedging the interest rate exposure associated with the Borrower and its
Subsidiaries’ operations, (b) approved by Administrative Agent, and (c) not for speculative purposes. 

  
 17 

 “Inventory”: all “inventory,” as such term is defined in
the UCC, now owned or hereafter acquired by any Loan Party, wherever located, and in any event including inventory, merchandise, goods and other personal property that are held by or on behalf of any Loan Party for sale or lease or are furnished or
are to be furnished under a contract of service, or that constitutes raw materials, work in process, finished goods, returned goods, or materials or supplies of any kind used or consumed or to be used or consumed in such Loan Party’s business
or in the processing, production, packaging, promotion, delivery or shipping of the same, including all supplies and embedded software. 

“Investments”: as defined in Section 7.8. 

“IRS”: the Internal Revenue Service, or any successor thereto. 

“Judgment Currency”: as defined in Section 10.19. 

“Lenders”: as defined in the preamble hereto. 

“Lien”: any mortgage, deed of trust, pledge, hypothecation, collateral assignment, deposit arrangement, encumbrance,
lien (statutory or other), charge or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement and
any capital lease having substantially the same economic effect as any of the foregoing). 
 “Liquidity”: at any
time, the sum of the aggregate amount of unrestricted cash and Cash Equivalents held at such time by the Borrower and its Subsidiaries in Deposit Accounts or Securities Accounts maintained with CIBC or its Affiliates or subject to a control
agreement in favor of the Administrative Agent. 
 “Loan”: any loan made or maintained by any Lender pursuant to
this Agreement. 
 “Loan Documents”: this Agreement, each Security Document, each Note, the Fee Letter, the Flow of
Funds Agreement, each Assignment and Assumption, each Compliance Certificate, each Notice of Borrowing, each Notice of Conversion/Continuation, each Cash Management Agreement, the Solvency Certificate, the Collateral Information Certificate, and any
agreement creating or perfecting rights in cash collateral pursuant to the provisions of Section 3.10, or otherwise, and any amendment, waiver, supplement or other modification to any of the foregoing. 

“Loan Parties”: each Group Member that is a party to a Loan Document, as a Borrower or a Guarantor. 

“Loan Party Notice”: as defined in Section 6.11(b). 

“Majority Term Lenders”: at any time, (a) if only one Term Lender holds the Term Loan, such Term Lender; and
(b) if more than one Term Lender holds the Term Loan, Term Lenders who hold more than 50% of the principal sum of all Term Loans outstanding; provided that the portion of the Term Loans held or deemed held by, any Defaulting Lender shall
be excluded for purposes of making a determination of Majority Term Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender. 

“Mandatory Prepayment Date”: as defined in Section 2.6(d). 

  
 18 

 “Material Adverse Effect”: (a) a material adverse change in, or a
material adverse effect on, the operations, business, assets, properties, liabilities (actual or contingent) or condition (financial or otherwise) of the Borrower and its Subsidiaries, taken as a whole; (b) a material impairment of the rights
and remedies of the Administrative Agent or any Lender under any Loan Document, or of the ability of the Borrower or any Loan Party to perform its respective payment obligations under any Loan Document to which it is a party; or (c) a material
adverse effect upon the legality, validity, binding effect or enforceability against the Borrower or any Loan Party of any Loan Document to which it is a party. 

“Material Healthcare Liabilities”: Healthcare Liabilities in an amount or with a value or economic impact exceeding
$500,000 (but to the extent applicable, excluding amounts covered by insurance to the extent the relevant independent third-party insurer has not denied coverage therefor) in the aggregate. Notwithstanding the foregoing, any criminal Healthcare
Liability (as determined by a court of competent jurisdiction) shall be a Material Healthcare Liability regardless of amount, value or economic impact. 

“Materials of Environmental Concern”: any substance, material or waste that is defined, regulated, governed or
otherwise characterized under any Environmental Law as hazardous or toxic or as a pollutant or contaminant (or by words of similar meaning and regulatory effect), any petroleum or petroleum products, asbestos, polychlorinated biphenyls,
urea-formaldehyde insulation, molds or fungus, and radioactivity, radiofrequency radiation at levels known to be hazardous to human health and safety. 

“Maximum Rate”: as defined in Section 10.9. 

“Minority Lender”: as defined in Section 10.1(b). 

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

“Mortgaged Properties”: the real properties as to which, pursuant to Section 6.11(b) or
otherwise, the Administrative Agent, for the benefit of the Secured Parties, shall be granted a Lien pursuant to the Mortgages. 

“Mortgages”: each of the mortgages, deeds of trust, deeds to secure debt or such equivalent documents hereafter
entered into and executed and delivered by one or more of the Loan Parties to the Administrative Agent, in each case, as such documents may be amended, amended and restated, supplemented or otherwise modified, renewed or replaced from time to time
and in form and substance reasonably acceptable to the Administrative Agent. 
 “Multiemployer Plan”: a
“multiemployer plan” (within the meaning of Section 3(37) of ERISA) to which any Loan Party or any ERISA Affiliate thereof makes, is making, or is obligated or has ever been obligated to make, contributions. 

“Net Cash Proceeds”: (a) in connection with any Asset Sale or any Recovery Event, the proceeds thereof in the form of
cash and Cash Equivalents (including any such proceeds received by way of deferred payment of principal pursuant to a note or installment receivable or purchase price adjustment receivable or otherwise, but only as and when received), net of
(i) the fees and out-of-pocket expenses incurred in connection with such Asset Sale or Recovery Event, including attorneys’ fees, accountants’ fees,
investment banking fees, other customary expenses and fees actually incurred in connection therewith, (ii) amounts required to be applied to the repayment of Indebtedness secured by a Lien expressly permitted hereunder on any asset that is the
subject of such Asset Sale or Recovery Event (other than any Lien pursuant to a Security Document), other customary fees and expenses actually incurred in connection therewith and net of taxes paid or reasonably estimated to be payable as a result
thereof (after taking into account any available tax credits or deductions), (iii) other customary costs, fees and expenses actually incurred in connection therewith, including costs associated with unwinding any hedging obligations and the amounts
of reasonable reserves against any adjustments to the sale price or any liabilities, (iv) net of taxes paid and the Borrower’s reasonable and good faith estimate of income, 

  
 19 

 
franchise, sales, and other applicable taxes required to be paid by the Borrower or any Guarantor in connection with such Asset Sale or Recovery Event in the taxable year that such Asset Sale or
Recovery Event is consummated, the computation of which shall, in each such case, take into account the reduction in tax liability resulting from any available operating losses and net operating loss carryovers, tax credits, and tax credit carry
forwards, and similar tax attributes and (b) in connection with any issuance or sale of Capital Stock or any incurrence of Indebtedness, the cash proceeds received from such issuance or incurrence, net of attorneys’ fees, investment
banking fees, accountants’ fees, underwriting discounts and commissions and other customary costs, fees and expenses actually incurred in connection therewith. 

“Net Working Capital”: for any period of determination, Current Assets as of the last day of such period minus Current
Liabilities as of the last day of such period. 
 “NFIP”: as defined in Section 6.11(b).

 “Non-Cash Charges” means any
non-cash expenses, charges, losses, reserves, adjustments, accruals or asset write-offs, including, without limitation, (A) non-cash items for any stock based
compensatory plan for the benefit of officers, directors or employees, (B) non-cash restructuring charges or changes in reserves after the Closing Date, and (C) all
non-cash losses (minus any non-cash gains) from Dispositions. 

“Non-Consenting Lender”: any Lender that does not approve any consent, waiver
or amendment that (a) requires the approval of all Affected Lenders in accordance with the terms of Section 10.1 and (b) has been approved by the Required Lenders. 

“Non-Defaulting Lender”: at any time, each Lender that is not a Defaulting
Lender at such time. 
 “Note”: a Term Loan Note. 

“Notice of Borrowing”: a notice substantially in the form of Exhibit K. 

“Notice of Conversion/Continuation”: a notice substantially in the form of Exhibit L. 

“Obligations”: (a) the unpaid principal of and interest on (including interest accruing after the maturity of the
Loans and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to any Loan Party, whether or not a claim for post-filing or post-petition interest is
allowed or allowable in such proceeding) the Loans and all other obligations and liabilities (including any fees or expenses that accrue after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like
proceeding, relating to any Loan Party, whether or not a claim for post-filing or post-petition interest is allowed or allowable in such proceeding) of the Loan Parties to the Administrative Agent, any other Lender, any applicable Cash Management
Bank, and any Qualified Counterparty party to a Specified Swap Agreement, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, this
Agreement, any other Loan Document (including, for the avoidance of doubt, any Cash Management Agreement), any Specified Swap Agreement or any other document made, delivered or given in connection herewith or therewith, whether on account of
principal, interest, reimbursement obligations, payment obligations, fees, indemnities, costs, expenses (including all reasonable and documented out-of-pocket fees,
charges and disbursements of counsel to the Administrative Agent, any other Lender, any applicable Cash Management Bank, to the extent that any applicable Cash Management Agreement requires the reimbursement by any applicable Group Member of any
such expenses), and any Qualified Counterparty party to a Specified Swap Agreement that are required to be paid by any Loan Party pursuant any Loan Document, Cash Management Agreement or otherwise, (b) any obligations of any other Group Member

  
 20 

 
arising in connection with any Cash Managements Agreement, and (c) Erroneous Payment Subrogation Rights. For the avoidance of doubt, the Obligations shall not include (i) any
obligations arising under any warrants or other equity instruments issued by any Loan Party to any Lender, or (ii) solely with respect to any Guarantor that is not a Qualified ECP Guarantor, any Excluded Swap Obligations of such Guarantor. 

“OFAC”: the Office of Foreign Assets Control of the United States Department of the Treasury and any successor
thereto. 
 “Operating Documents”: for any Person as of any date, such Person’s constitutional documents,
formation documents and/or certificate of incorporation (or equivalent thereof) (and including, in relation to a Dutch Subsidiary, a recent (up-to-date) extract from the
Dutch trade register (handelsregister)), and, (a) if such Person is a corporation, its bylaws or memorandum and articles of association (or equivalent thereof) in current form, (b) if such Person is a limited liability company, its limited
liability company agreement (or similar agreement), and (c) if such Person is a partnership, its partnership agreement (or similar agreement), each of the foregoing with all current amendments or modifications thereto. 

“Other Connection Taxes”: 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 solely 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 Taxes”: all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that
arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that
are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 2.17). 

“Parallel Debt”: as defined in Section 9.14. 

“Parallel Debt Covenant”: as defined in Section 9.14. 

“Participant”: as defined in Section 10.6(d). 

“Participant Register”: as defined in Section 10.6(d). 

“Patriot Act”: the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism (USA PATRIOT ACT) Act of 2001, Title III of Pub. L. 107-56, signed into law October 26, 2001. 

“Payment Recipient”: as defined in Section 9.13(a). 

“Payoff Letter”: a letter, in form and substance satisfactory to the Administrative Agent, dated as of a date on or
prior to the Closing Date and executed by each of Existing Lender and the Borrower to the effect that upon receipt by the Existing Lender of the “payoff amount” (however designated) referenced therein, (a) the obligations of the Group
Members under the Existing Credit Facility shall be satisfied in full, (b) the Liens held by the Existing Lender for the benefit of the lenders under the Existing Credit Facility shall terminate without any further action, and (c) the
Borrower and the Administrative Agent (and their respective counsel and such counsels’ agents) shall be entitled to file UCC-3 termination statements, USPTO releases, USCRO releases and any other releases
reasonably necessary to further evidence the termination of such Liens. 

  
 21 

 “PBGC”: the Pension Benefit Guaranty Corporation, or any successor
thereto. 
 “Pension Plan”: an employee benefit plan (as defined in Section 3(3) of ERISA) other than a
Multiemployer Plan (a) that is or was at any time maintained or sponsored by any Loan Party or any ERISA Affiliate thereof or to which any Loan Party or any ERISA Affiliate thereof has ever made, or was obligated as to make, contributions, and
(b) that is or was subject to Section 412 of the Code, Section 302 of ERISA or Title IV of ERISA. 

“Permits”: with respect to any Person, any permit, approval, authorization, license, registration, certificate,
concession, grant, franchise, variance or permission from, and any other Contractual Obligations with, any Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its
property is subject, including all Regulatory Permits. 
 “Person”: any natural Person, corporation, limited
liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 

“Plan”: (a) an employee benefit plan (as defined in Section 3(3) of ERISA) other than a Multiemployer Plan which
is or was at any time maintained or sponsored by any Loan Party or any Subsidiary thereof or to which any Loan Party or any Subsidiary thereof has ever made, or was obligated to make, contributions, (b) a Pension Plan, or (c) a Qualified
Plan. 
 “Platform”: is any of Debt Domain, DebtX, Intralinks, Syndtrak or a substantially similar electronic
transmission system. 
 “Pledge Supplement”: as defined in the Guarantee and Collateral Agreement. 

“Prepayment Fee” means, with respect to any prepayment of the Term Loan, an amount equal to (a) two percent (2%)
of the principal amount of Term Loan if such prepayment occurs prior to the first anniversary of the Closing Date, and (b) one percent (1%) of the principal amount of Term Loans if such prepayment occurs on or after the first anniversary of the
Closing Date but prior to the second anniversary of the Closing Date. 
 “Prime Rate”: the rate of interest per
annum from time to time published in the Money Rates section of the Wall Street Journal or any successor publication thereto as the “prime rate” then in effect; provided that if such rate of interest, as set forth from time to time
in the Money Rates section of the Wall Street Journal, becomes unavailable for any reason as determined by the Administrative Agent, the “Prime Rate” shall mean the rate of interest per annum announced by the Administrative Agent as its
prime rate in effect at its principal office (such announced Prime Rate not being intended to be the lowest rate of interest charged by the Administrative Agent in connection with extensions of credit to debtors). Notwithstanding anything to the
contrary contained herein, in no event shall the Prime Rate be less than 4.00%. 
 “Principal Obligations”: as
defined in Section 9.14. 
 “Pro Forma Basis”: with respect to any calculation or
determination for any period, in making such calculation or determination on the specified date of determination (the “Determination Date”): 

(a) pro forma effect will be given to any Indebtedness incurred by the Borrower or any of its Subsidiaries (including by assumption of then
outstanding Indebtedness or by a Person becoming a Subsidiary) (“Incurred”) after the beginning of the applicable period and on or before the Determination Date to the extent the Indebtedness is outstanding or
is to be Incurred on the Determination Date, as if such Indebtedness had been Incurred on the first day of such period; 

  
 22 

 (b) pro forma calculations of interest on Indebtedness bearing a floating interest rate will
be made as if the rate in effect on the Determination Date (taking into account any Swap Agreement applicable to the Indebtedness) had been the applicable rate for the entire reference period; 

(c) pro forma effect will be given to: (A) the acquisition or disposition of companies, divisions or lines of businesses by the Borrower
and its Subsidiaries, including any acquisition or disposition of a company, division or line of business since the beginning of the reference period by a Person that became a Subsidiary after the beginning of the applicable period; and (B) the
discontinuation of any discontinued operations; in each case of clauses (A) and (B), that have occurred since the beginning of the applicable period and before the Determination Date as if such events had occurred, and, in the case of any
disposition, the proceeds thereof applied, on the first day of such period. To the extent that pro forma effect is to be given to an acquisition or disposition of a company, division or line of business, the pro forma calculation will be calculated
according to the financial information contained in a “Quality of Earnings” or similar due diligence report acceptable to the Administrative Agent. 

“Pro Forma Financial Statements”: balance sheets, income statements and cash flow statements prepared by the Borrower
and its consolidated Subsidiaries that give effect (as if such events had occurred on such date) to (i) the Loans to be made on the Closing Date and the use of proceeds thereof and (ii) the payment of the Transaction Costs, in each case
prepared for the most recently ended calendar month prior to the Closing Date as if such transactions had occurred on such date. 

“Projections”: as defined in Section 6.2(c). 

“Properties”: as defined in Section 4.17(a). 

“Qualified Counterparty”: with respect to any Specified Swap Agreement, any counterparty thereto that is a Lender or
an Affiliate of a Lender or, at the time such Specified Swap Agreement was entered into or as of the Closing Date, was the Administrative Agent or a Lender or an Affiliate of the Administrative Agent or a Lender. 

“Qualified ECP Guarantor”: in respect of any Swap Obligation, (a) each Guarantor that has total assets exceeding
$10,000,000 at the time the relevant Guarantee Obligation of such Guarantor provided in respect of, or the Lien granted by such Guarantor to secure, such Swap Obligation (or guaranty thereof) becomes effective with respect to such Swap Obligation,
and (b) any other Guarantor that (i) constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder, or (ii) can cause another Person (including, for the avoidance
of doubt, any other Guarantor not then constituting a “Qualified ECP Guarantor”) to qualify as an “eligible contract participant” at such time by entering into a “keepwell, support, or other agreement” as contemplated
by Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 “Qualified Plan”: an employee benefit plan (as
defined in Section 3(3) of ERISA) other than a Multiemployer Plan (a) that is or was at any time maintained or sponsored by any Loan Party or any ERISA Affiliate thereof or to which any Loan Party or any ERISA Affiliate thereof has ever
made, or was ever obligated to make, contributions, and (b) that is intended to be tax-qualified under Section 401(a) of the Code. 

“Recipient”: the (a) Administrative Agent or (b) any Lender, as applicable. 

  
 23 

 “Recovery Event”: any settlement of or payment in respect of any
property or casualty insurance claim or any condemnation proceeding relating to any asset of any Group Member. 

“Register”: as defined in Section 10.6(c). 

“Regulatory Permit”: all Permits required under applicable Health Care Laws. 

“Regulation T”: Regulation T of the Board as in effect from time to time. 

“Regulation U”: Regulation U of the Board as in effect from time to time. 

“Regulation X”: Regulation X of the Board as in effect from time to time. 

“Reinvestment Deferred Amount”: with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by
any Loan Party in connection therewith that are not applied to prepay the Loans or other amounts pursuant to Section 2.6(d) as a result of the delivery of a Reinvestment Notice. 

“Reinvestment Event”: any Asset Sale or Recovery Event in respect of which the Borrower has delivered a Reinvestment
Notice. 
 “Reinvestment Notice”: a written notice executed by a Responsible Officer stating that no Event of
Default has occurred and that the Borrower (directly or indirectly through a Guarantor) intends and expects to use all or a specified portion of the Net Cash Proceeds of an Asset Sale or Recovery Event to acquire or repair assets useful in its
business, including through capital expenditures and research and development. 
 “Reinvestment Prepayment Amount”:
with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business, including
through capital expenditures and research and development. 
 “Reinvestment Prepayment Date”: with respect to any
Reinvestment Event, the earlier of (a) the date occurring one hundred eighty days (180) after such Reinvestment Event (or, if any reinvestment does not so occur within such one hundred eighty day (180) period but within such one
hundred eighty day (180) period is contractually committed to occur, then such date shall be extended to two hundred seventy (270) days of such Reinvestment Event), and (b) the date on which the Borrower (or its Subsidiaries) shall
have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business, including through capital expenditures and research and development, with all or any portion of the relevant Reinvestment
Deferred Amount. 
 “Related Parties”: with respect to any Person, such Person’s Affiliates and the partners,
directors, officers, employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates. 

“Relevant Governmental Body”: the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee
officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto. 

“Removal Effective Date”: as defined in Section 9.9(b). 

“Replacement Lender”: as defined in Section 2.17(c). 

  
 24 

 “Required Lenders”: at any time, (a) if only one Lender holds
the outstanding Term Loans, such Lender; and (b) if more than one Lender holds the outstanding Term Loans, then Lenders who hold more than 50% of the aggregate unpaid principal amount of the Term Loans then outstanding; provided that for
the purposes of this clause (b), the outstanding principal amount of the Term Loans held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders; provided further that a Lender and its Affiliates
shall be deemed one Lender. 
 “Requirement of Law”: as to any Person, the Operating Documents of such
Person, and any law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority (including, for the avoidance of doubt, the Basel Committee on Banking Supervision and any successor thereto or similar
authority or successor thereto), in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

“Replacement Benchmark Rate” as defined in Section 2.11(a). 

“Resignation Effective Date”: as defined in Section 9.9(a). 

“Responsible Officer”: the chief executive officer, president, vice president, chief financial officer, treasurer,
controller or comptroller of the Borrower, but in any event, with respect to financial matters, the chief financial officer, treasurer, controller or comptroller of the Borrower. 

“Restricted Payments”: as defined in Section 7.6. 

“Revenue Milestone”: the Borrower shall have provided evidence satisfactory to the Administrative Agent that the
Borrower has achieved Total Net Revenue in an amount of not less than Ninety Five Million Dollars ($95,000,000). 

“S&P”: Standard & Poor’s Ratings Services. 

“Sale Leaseback Transaction”: any arrangement with any Person or Persons, whereby in contemporaneous or substantially
contemporaneous transactions a Loan Party sells substantially all of its right, title and interest in any property and, in connection therewith, acquires, leases or licenses back the right to use all or a material portion of such property. 

“Sanction(s)”: any international economic sanction administered or enforced by the United States Government (including
OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority. 

“SEC”: the Securities and Exchange Commission, any successor thereto and any analogous Governmental Authority. 

“Secured Parties”: the collective reference to the Administrative Agent, the Lenders, any Cash Management Bank (in its
or their respective capacities as providers of Cash Management Services), and any Qualified Counterparties. 
 “Securities
Account”: any “securities account” as defined in the UCC with such additions to such term as may hereafter be made. 

“Securities Account Control Agreement”: any Control Agreement entered into by the Administrative Agent, a Loan Party
and a securities intermediary holding a Securities Account of such Loan Party pursuant to which the Administrative Agent is granted “control” (for purposes of the UCC) over such Securities Account. 

  
 25 

 “Securities Act”: the Securities Act of 1933, as amended from time
to time and any successor statute. 
 “Security Documents”: the collective reference to (a) the Guarantee and
Collateral Agreement, (b) the Mortgages, (c) each Intellectual Property Security Agreement, (d) each Deposit Account Control Agreement, (e) each Securities Account Control Agreement, (f) the Dutch Security Documents,
(g) all other security documents hereafter delivered to the Administrative Agent granting a Lien on any property of any Person to secure the Obligations of any Loan Party arising under any Loan Document, (h) each Pledge Supplement,
(i) all other security documents hereafter delivered to any applicable Cash Management Bank granting a Lien on any property of any Person to secure the Obligations of any Group Member arising under any Cash Management Agreement, and
(j) all financing statements, fixture filings, Intellectual Property filings, assignments, acknowledgments and other filings, documents and agreements made or delivered pursuant to any of the foregoing. 

“Seller”: as defined in the recitals hereto. 

“SOFR”: a rate equal to the secured overnight financing rate as administered by the SOFR Administrator. 

“SOFR Administrator”: the Federal Reserve Bank of New York (or a successor administrator of the secured overnight
financing rate). 
 “SOFR Benchmark Rate”: the Term SOFR Rate. 

“SOFR Loan”: a Loan that bears interest at a rate based on the Term SOFR Rate. 

“SOFR Tranche”: the collective reference to SOFR Loans under a particular Facility, the then current Interest Periods with
respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day). 

“Solvency Certificate”: the Solvency Certificate, dated the Closing Date, delivered to the Administrative Agent
pursuant to Section 5.1(m), which Solvency Certificate shall be in substantially the form of Exhibit D. 

“Solvent”: when used with respect to any Person, as of any date of determination, in each case, determined together
with its Subsidiaries, taken as a whole: (a) the amount of the “fair value” of the assets of such Person (on a going concern basis) will, as of such date, exceed the amount of all “liabilities of such Person, contingent or
otherwise,” as of such date, as such quoted terms are determined in accordance with applicable federal and state laws governing determinations of the insolvency of debtors, (b) the “present fair saleable value” of the assets of
such Person (on a going concern basis) will, as of such date, be greater than the amount that will be required to pay the liability of such Person on its debts as such debts become absolute and matured, as such quoted terms are determined in
accordance with applicable federal and state laws governing determinations of the insolvency of debtors, (c) such Person will not have, as of such date, an unreasonably small amount of capital with which to conduct its business, and
(d) such Person will be able to pay its debts as they mature. For purposes of this definition, (i) “debt” means liability on a “claim,” and (ii) “claim” means any (x) right to payment, whether or not such a
right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured or (y) right to an equitable remedy for breach of performance if such breach gives rise
to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, fixed, contingent, matured or unmatured, disputed, undisputed, secured or unsecured. 

  
 26 

 “Specified Swap Agreement”: any Swap Agreement entered into by a
Loan Party and any Qualified Counterparty (or any Person who was a Qualified Counterparty as of the Closing Date or as of the date such Swap Agreement was entered into) to the extent permitted under Section 7.13. 

“Subordinated Debt Document”: any agreement, certificate, document or instrument executed or delivered by the Borrower
or any Subsidiary and evidencing Indebtedness of the Borrower or any Subsidiary which is subordinated to the Obligations (including payment, lien and remedies subordination terms, as applicable) in a manner approved in writing by the Administrative
Agent, and any renewals, modifications, or amendments thereof which are approved in writing by the Administrative Agent. 

“Subordinated Indebtedness”: Indebtedness of a Loan Party subordinated to the Obligations pursuant to subordination
terms (including payment, lien and remedies subordination terms, as applicable) reasonably acceptable to the Administrative Agent. 

“Subsidiary”: as to any Person, a corporation, partnership, limited liability company or other entity of which shares
of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other
managers of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise qualified, all
references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of the Borrower. 

“Swap Agreement”: any agreement with respect to any swap, hedge, forward, future or derivative transaction or option
or similar agreement (including without limitation, any Interest Rate Agreement) involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices
or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by
current or former directors, officers, employees or consultants of the Borrower and its Subsidiaries shall be deemed to be a “Swap Agreement.” 

“Swap Obligation”: with respect to any Guarantor, any obligation of such Guarantor to pay or perform under any
agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act. 

“Swap Termination Value”: in respect of any one or more Swap Agreements, after taking into account the effect of any
legally enforceable netting agreement relating to such Swap Agreements, (a) for any date on or after the date any such Swap Agreement has been closed out and termination value determined in accordance therewith, such termination value, and
(b) for any date prior to the date referenced in clause (a), the amount determined as the mark-to-market value for such Swap Agreement, as determined based upon one
or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Agreements (which may include a Qualified Counterparty). 

“Synthetic Lease Obligation”: the monetary obligation of a Person under (a) a
so-called synthetic, off-balance sheet or tax retention lease or (b) an agreement for the use of property creating obligations that do not appear on the balance
sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment). 

  
 27 

 “Taxes”: all present or future taxes, levies, imposts, duties,
deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term Commitment”: as to any Lender, the obligation of such Lender, if any, to make a Term Loan to the Borrower in an
aggregate principal amount not to exceed the amount set forth under the heading “Term Commitment” opposite such Lender’s name on Schedule 1.1A. The original aggregate principal amount of the Term Commitments is $60,000,000.

 “Term Facility”: the Term Commitments and the Term Loans made thereunder. 

“Term Lender”: each Lender that has a Term Commitment or that holds a Term Loan. 

“Term Loan”: the term loans made by the Lenders pursuant to Section 2.1. 

“Term Loan Funding Office”: the office of the Administrative Agent specified in Section 10.2
or such other office as may be specified from time to time by the Administrative Agent as its funding office by written notice to the Borrower and the Lenders. 

“Term Loan Maturity Date”: July 25, 2027. 

“Term Loan Note”: a promissory note in the form of Exhibit H, as it may be amended, supplemented or otherwise
modified from time to time. 
 “Term Percentage”: as to any Term Lender at any time, the percentage which such
Lender’s Term Commitments and funded Term Loans then constitutes of the aggregate Term Commitments and funded Term Loans of all Lenders. 

“Term SOFR Rate” means, for any calculation with respect to a SOFR Loan, the rate per annum determined by the
Administrative Agent as the Term SOFR Reference Rate for a tenor comparable to the applicable Interest Period on the day (such day, the “TS Determination Day”) that is two (2) Business Days prior to the first day of such
Interest Period, (a) in the case of Interest Periods of one (1), three (3) or six (6) months or such other tenors as may be published from time to time, as such rate is published by the Term SOFR Administrator; provided, however, that
if as of 5:00 p.m. (New York City time) on any TS Determination Day, a Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator, then the Term SOFR Rate will be the Term SOFR Reference Rate for the
applicable tenor as published by the Term SOFR Administrator on the first Business Day preceding the TS Determination Day for which a Term SOFR Reference Rate was published by the Term SOFR Administrator for the applicable tenor so long as such
first preceding Business Day is not more than three (3) Business Days prior to such TS Determination Day; and (b) in the case of any Term SOFR Reference Rate for any tenor that is not regularly published by the Term SOFR Administrator, as
determined by the Administrative Agent pursuant to its standard or customary practice; provided further that in the case of SOFR Loans on which interest is calculated on the basis of the Term SOFR Rate, if the Term SOFR Rate as so determined shall
ever be less than 1.50%, then the Term SOFR Rate shall be deemed to be 1.50%. 
 “Term SOFR Administrator” means the
CME Group Benchmark Administration Limited (CBA) (or a successor administrator of forward-looking term rates based on SOFR selected by the Administrative Agent in its sole discretion). 

“Term SOFR Reference Rate” means, for any applicable tenor, the rate per annum determined by the Administrative Agent
as the forward-looking term rate based on SOFR for such tenor. 

  
 28 

 “Total Credit Exposure”: is, as to any Lender at any time, the
unused Commitments and outstanding Term Loans of such Lender at such time. 
 “Total Net Revenue”: with respect to
any trailing twelve (12) month period, revenue of Borrower recognized during such period and calculated in compliance with GAAP net of any purchaser discounts, allowances, returns and commissions. 

“Total Revenue Plan”: means, the Borrower’s Total Revenue Plan delivered to the Administrative Agent on or about
May 13, 2022. 
 “Trade Date”: as defined in Section 10.6(b)(i)(2). 

“Trailing Four Month EBITDA Burn”: for any date of determination, the Consolidated Adjusted EBITDA loss (or gain) for
the trailing four (4) month period ended the last day of the most recently ended month for which financial statements have been (or are required to be) delivered pursuant to Section 6.1(b). 

“Transaction Costs” means fees, premiums, expenses and other transaction costs (including original issue discount or
upfront fees) payable or otherwise borne by any Loan Party in connection with the Transactions and the transactions contemplated thereby in an aggregate amount not to exceed $2,000,000. 

“Transactions” means, collectively, (a) the execution, delivery and performance by the Loan Parties of the Loan
Documents to which they are a party and the Borrowing of Loans hereunder on the Closing Date, (b) the refinancing of the Existing Credit Facility and (c) the payment of the Transaction Costs. 

“Transferee”: any Eligible Assignee or Participant. 

“Type”: as to any Loan, its nature as an ABR Loan or a SOFR Loan. 

“Uniform Commercial Code” or “UCC”: the Uniform Commercial Code (or any similar or
equivalent legislation) as in effect from time to time in the State of New York, or as the context may require, any other applicable jurisdiction. 

“United States” and “U.S.”: the United States of America.

 “USCRO”: the U.S. Copyright Office. 

“USPTO”: the U.S. Patent and Trademark Office. 

“U.S. Person”: any Person that is a “United States Person” as
defined in Section 7701(a)(30) of the Code. 
 “U.S. Tax Compliance
Certificate”: as defined in Section 2.14(f). 
 “Withholding Agent”: as
applicable, any of any applicable Loan Party and the Administrative Agent, as the context may require. 
 “Write-Down and
Conversion Powers”: 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. 

  
 29 

 1.2 Dutch terms 

In this Agreement, where it relates to a Dutch Subsidiary and unless a contrary intention appears, a reference to: 

(a) “works council” means each works council (ondernemingsraad) or central or group works council (centrale
of groeps ondernemingsraad) within the meaning of the Works Councils Act of the Netherlands (Wet op de ondernemingsraden) having jurisdiction over that Dutch Subsidiary; 

(b) a “authorized by all necessary action” includes any action required to comply with the Works Councils Act of the
Netherlands (Wet op de ondernemingsraden); 
 (c) a “winding up” or “dissolution”
includes a Dutch Subsidiary being declared bankrupt (failliet verklaard) or dissolved (ontbonden); 
 (d) a
“moratorium” includes (voorlopig)surseance van betaling and (voorlopige)surseance verleend; 

(e) “admit in writing ... pay its debts generally” includes a Dutch Loan Party having
filed a notice under Section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990) or Section 60 of the Social Insurance Financing Act of the Netherlands (Wet Financiering Sociale Verzekeringen) in
conjunction with Section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990); 
 (f) a “receiver,
trustee, custodian or other similar official “ includes a curator, a beoogd curator, a bewindvoerder, a beoogd bewindvoerder or a restructuring expert (herstructureringsdeskundige); and 

(g) a “security interest” includes any mortgage (hypotheek), pledge (pandrecht), and any right in rem
(beperkt recht), created for the purpose of granting security (goederenrechtelijk zekerheidsrecht). 
 1.3 Other
Definitional Provisions. 
 (a) Unless otherwise specified therein, all terms defined in this Agreement shall have the defined meanings
when used in the other Loan Documents or any certificate or other document made or delivered pursuant hereto or thereto. 
 (b) As used
herein and in the other Loan Documents, and any certificate or other document made or delivered pursuant hereto or thereto, (i) accounting terms relating to any Group Member not defined in Section 1.1 and accounting
terms partly defined in Section 1.1, to the extent not defined, shall have the respective meanings given to them under GAAP, (ii) the words “include,” “includes” and “including” shall be
deemed to be followed by the phrase “without limitation,” (iii) the word “incur” shall be construed to mean incur, create, issue, assume, become liable in respect of or suffer to exist (and the words “incurred” and
“incurrence” shall have correlative meanings), (iv) 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, Capital Stock, securities, revenues, accounts, leasehold interests and contract rights, (v) references to a given time of day shall, unless otherwise specified, be deemed to refer to New York City time, and (vi) references
to agreements (including this Agreement) or other Contractual Obligations shall, unless otherwise specified, be deemed to refer to such agreements or Contractual Obligations as amended, supplemented, restated, amended and restated or

  
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otherwise modified from time to time. Notwithstanding the foregoing clause (i), for purposes of determining compliance with any covenant (including the computation of any financial covenant)
contained herein, Indebtedness of any Group Member 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. 
 (c) For purposes of calculations made pursuant to the terms of this Agreement or otherwise for purposes
of compliance herewith, GAAP shall be deemed to treat operating leases and Capital Lease Obligations in a manner consistent with the treatment thereof under GAAP as in effect on December 31, 2018, notwithstanding any modifications or
interpretive changes thereto that have occurred. 
 (d) The words “hereof,”
“herein” and “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 of this Agreement,
unless otherwise specified. The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise, (i) any reference herein to any Person shall be construed to
include such Person’s successors and assigns, (ii) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, and
(iii) any reference to any law or regulation herein shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time. 

(e) The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms. Whenever the
context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. 
 (f) Any reference in any Loan
Document to a merger, transfer, consolidation, amalgamation, consolidation, assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a Division of or by a limited liability company, or an allocation of assets to a
series of a limited liability company (or the unwinding of such a division or allocation), as if it were a merger, transfer, consolidation, amalgamation, consolidation, assignment, sale or transfer, or similar term, as applicable, to, of or with a
separate Person. Any Division of a limited liability company shall constitute a separate Person under the Loan Documents (and each division of any limited liability company that is a Subsidiary, joint venture or any other like term shall also
constitute such a Person or entity) on the first date of its existence. In connection with any Division, if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then such
asset shall be deemed to have been transferred from the original Person to the subsequent Person. 
 1.4 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 is
expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number). 

1.5 Time of Payment and Performance. Except as otherwise expressly provided herein, when the payment of any obligation or the
performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment or performance shall extend to the immediately succeeding Business Day. Unless otherwise
specified herein, all references herein to times of day shall be references to New York City time (daylight or standard, as applicable). 

  
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 1.6 Confidentiality; Privilege. Notwithstanding any obligation to provide information
or allow Administrative Agent, the Lenders or any third party to access the books and records of the Borrower or its Subsidiaries or otherwise set forth in this Agreement, neither the Borrower nor any of its Subsidiaries will be required to disclose
or permit the inspection or discussion of, any document, information or other matter (a) that constitutes non-financial trade secrets or non-financial proprietary
information, (b) in respect of which disclosure to Administrative Agent or any Lender (or their respective representatives or contractors) would be in breach of any confidentiality obligations, fiduciary duty or Law, (c) that may result in
a conflict of interest and/or (d) that is subject to attorney client or similar privilege or constitutes attorney work product. 

SECTION II 
 AMOUNT AND
TERMS OF COMMITMENTS 
 2.1 Term Commitments. Subject to the terms and conditions hereof, each Term Lender severally agrees to
make a Term Loan to the Borrower on the Closing Date in an amount equal to the amount of the Term Commitment of such Lender. The Term Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the
Administrative Agent in accordance with Sections 2.2 and 2.6. 
 2.2 Procedure for Term Loan Borrowing. The Borrower
shall give the Administrative Agent an irrevocable Notice of Borrowing (which must be received by the Administrative Agent prior to 12:00 P.M. one (1) Business Day prior to the anticipated Closing Date) requesting that the Term Lenders make the
Term Loans on the Closing Date and specifying the amount to be borrowed. Unless otherwise agreed by the Administrative Agent, no Term Loan may be converted to a SOFR Loan having an Interest Period in excess of one month prior to the date that is 30
days after the Closing Date. Upon receipt of such Notice of Borrowing, the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 P.M. on the Closing Date each Term Lender shall make available to the Administrative
Agent at the Term Loan Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Lender. The Administrative Agent shall credit the account of the Borrower listed in the Credit Authorization with
the aggregate of the amounts made available to the Administrative Agent by the Term Lenders in immediately available funds or, if so specified in the Flow of Funds Agreement, the Administrative Agent shall wire transfer or otherwise credit all or a
portion of such aggregate amounts to the Existing Lender (for application against amounts in accordance with the wire instructions specified in the Flow of Funds Agreement). 

2.3 Repayment of Term Loans. Beginning on the Amortization Start Date, the Term Loans shall be repaid in
thirty-six (36) consecutive monthly installments of $1,666,666.67 on the last day of each calendar month. Each such installment shall be paid to the Administrative Agent and shall be distributed by the
Administrative Agent to the Term Lenders in an amount equal to such Lender’s Term Percentage of such payment. To the extent not previously paid, all Term Loans shall be due and payable on the Term Loan Maturity Date, together with accrued and
unpaid interest on the principal amount to be paid to but excluding the date of payment. 
 2.4 Fees. 

(a) Upfront Fee. On or prior to the Closing Date, the Borrower agrees to pay to the Administrative Agent an upfront fee in the amount
specified in the Fee Letter. 
 (b) Fees Nonrefundable. All fees payable under this Section 2.4 shall be
fully earned on the date paid and nonrefundable. 

  
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 2.5 Optional Loan Prepayments. 

(a) Prepayments Generally. Subject to payment of the amounts described in Section 2.11(b), the Borrower may
at any time and from time to time prepay the Loans, in whole or in part, upon irrevocable notice delivered to the Administrative Agent no later than 12:00 P.M. three (3) Business Days prior thereto, in the case of SOFR Loans, and no later than
12:00 P.M. one (1) Business Day prior thereto, in the case of ABR Loans, which notice shall specify the date and amount of the proposed prepayment; provided that if a SOFR Loan is prepaid on any day prior to the last day of the Interest
Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.15; provided further that if such notice of prepayment indicates that such prepayment is to be funded with the proceeds
of a refinancing, equity issuance, acquisition or other transaction, such notice of prepayment may be revoked if the applicable transaction is not consummated. Upon receipt of any such notice the Administrative Agent shall promptly notify each
relevant Lender thereof. If any such notice is given, unless such notice is revoked pursuant to this Section 2.5(a), the amount specified in such notice shall be due and payable on the date specified therein, together with accrued interest to
such date on the amount prepaid. Partial prepayments of Term Loans shall be in an aggregate principal amount of $1,000,000 or a whole multiple thereof. 

(b) Prepayment Fee Regarding Term Loans. No amount of outstanding Term Loans shall be prepaid by the Borrower pursuant to
Section 2.11(a) unless the Borrower pays to the Administrative Agent (for the ratable benefit of the Term Lenders), contemporaneously with the prepayment of such Term Loans, the Prepayment Fee. Any such Prepayment Fee shall
be fully earned on the date paid and shall not be refundable for any reason. 
 2.6 Mandatory Prepayments. 

(a) If any Indebtedness shall be incurred by any Group Member (excluding any Indebtedness incurred in accordance with
Section 7.2), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such incurrence toward the prepayment of the Term Loans as set forth in Section 2.6(d). 

(b) If on any date any Group Member shall receive Net Cash Proceeds from any Extraordinary Receipts in an amount in excess of $500,000, an
amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date such Net Cash Proceeds are received toward the prepayment of the Term Loans as set forth in Section 2.6(d). 

(c) If on any date any Group Member shall receive Net Cash Proceeds from any Asset Sale or Recovery Event then, unless a Reinvestment Notice
shall be delivered in respect thereof, such Net Cash Proceeds shall be applied on such date toward the prepayment of the Loans as set forth in Section 2.6(d); provided that notwithstanding the foregoing, on each
Reinvestment Prepayment Date, an amount equal to the Reinvestment Prepayment Amount with respect to the relevant Reinvestment Event shall be applied toward the prepayment of the Loans as set forth in Section 2.6(d). 

(d) Notwithstanding anything to the contrary contained herein, amounts to be applied in connection with prepayments made pursuant to this
Section 2.6 shall be applied pro rata (other than with respect to the final bullet payment at maturity) to the prepayment of installments due in respect of the Term Loans and in accordance with Sections 2.3 and
2.12(b) (provided that any Term Lender may decline any such prepayment (the aggregate amount of all such prepayments declined in connection with any particular prepayment, collectively, the “Declined
Amount”), in which case the Declined Amount shall be distributed, to the prepayment, on a pro rata basis, of the Term Loans held by Term Lenders that have elected to accept such Declined Amounts. Each prepayment of the
Loans under this Section 2.6 

  
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shall be accompanied by accrued interest to the date of such prepayment on the amount prepaid. The Borrower shall deliver to the Administrative Agent notice of each prepayment of Term Loans in
whole or in part pursuant to this Section 2.6 not less than five (5) Business Days prior to the date such prepayment shall be made (each, a “Mandatory Prepayment Date”). Such notice shall
set forth (i) the Mandatory Prepayment Date, (ii) the aggregate amount of such prepayment and (iii) the options of each Term Lender to (x) decline or accept its share of such prepayment and (y) to accept Declined Amounts.
Any Term Lender that wishes to exercise its option to decline such prepayment or to accept Declined Amounts shall notify the Administrative Agent by facsimile not later than three (3) Business Days prior to the Mandatory Prepayment Date. 

(e) The Borrower shall deliver to the Administrative Agent, at the time of each prepayment required under this
Section 2.6, (i) a certificate signed by a Responsible Officer setting forth in reasonable detail the calculation of the amount of such prepayment or reduction and (ii) to the extent practicable, at least five days
prior written notice of such prepayment or reduction (and the Administrative Agent shall promptly provide the same to each Lender). Each notice of prepayment shall specify the prepayment or reduction date, the Type of each Loan being prepaid and the
principal amount of each Loan (or portion thereof) to be prepaid. 
 (f) No prepayment fee shall be payable in respect of any mandatory
prepayments made pursuant to this Section 2.6. 
 2.7 Conversion and Continuation Options. 

(a) The Borrower may elect from time to time to convert SOFR Loans to ABR Loans by giving the Administrative Agent prior irrevocable notice in
a Notice of Conversion/Continuation of such election no later than 12:00 P.M. on the Business Day preceding the proposed conversion date; provided that any such conversion of SOFR Loans may only be made on the last day of an Interest Period
with respect thereto. The Borrower may elect from time to time to convert ABR Loans to SOFR Loans by giving the Administrative Agent prior irrevocable notice in a Notice of Conversion/Continuation of such election no later than 12:00 P.M. on the
third Business Day preceding the proposed conversion date (which notice shall specify the length of the initial Interest Period therefor); provided that no ABR Loan may be converted into a SOFR Loan when any Event of Default has occurred and
is continuing. Upon receipt of any such notice, the Administrative Agent shall promptly notify each relevant Lender thereof. 
 (b) Any SOFR
Loan may be continued as such upon the expiration of the then current Interest Period with respect thereto by the Borrower giving irrevocable notice in a Notice of Conversion/Continuation to the Administrative Agent, in accordance with the
applicable provisions of the term “Interest Period” set forth in Section 1.1, of the length of the next Interest Period to be applicable to such Loans; provided that no SOFR Loan may be continued as such
when any Event of Default has occurred and is continuing; provided further that if the Borrower shall fail to give any required notice as described above in this paragraph or if such continuation is not permitted pursuant to the preceding
proviso, such Loans shall be automatically converted to ABR Loans on the last day of such then expiring Interest Period. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. 

2.8 [Reserved]. 
 2.9
Interest Rates and Payment Dates. 

  
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 (a) Each SOFR Loan shall bear interest for each day during each Interest Period with respect
thereto at a rate per annum equal to (i) the Term SOFR Rate determined for such day plus (ii) the Applicable Margin. 
 (b)
Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin. 
 (c) During
the continuance of an Event of Default, all outstanding Loans shall bear interest (x) following notice from the Administrative Agent or (y) with respect to an Event of Default under Section 8.1(a) or (f),
automatically, in each case, at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2.00% (the “Default Rate”). 

(d) Interest shall be payable in arrears on each Interest Payment Date; provided that interest accruing pursuant to
Section 2.9(c) shall be payable from time to time on demand. 
 2.10 Computation of Interest and Fees. 

(a) Interest and fees payable pursuant hereto shall be calculated on the basis of a 360-day year for
the actual days elapsed, except that, with respect to ABR Loans the rate of interest on which is calculated on the basis of the Prime Rate, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of each determination of SOFR or the Term SOFR Rate.
Any change in the interest rate on a Loan resulting from a change in the ABR or the SOFR shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable
notify the Borrower and the relevant Lenders of the effective date and the amount of each such change in interest rate. 
 (b) Each
determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive and binding on the Borrower and the Lenders in the absence of manifest error. The Administrative Agent shall, at the
request of the Borrower, deliver to the Borrower a statement showing the quotations used by the Administrative Agent in determining any interest rate pursuant to Section 2.10(a). 

2.11 Inability to Determine Interest Rate; Benchmark Transition Event. 

(a) If prior to the first day of any Interest Period for any SOFR Loan, the Administrative Agent shall have determined (which determination
shall be conclusive and binding upon the Borrower) in connection with any request for a SOFR Loan or a conversion to or a continuation thereof, for any reason that (a) SOFR or Term SOFR Rates have ceased or will cease to be available for the
available Interest Period(s), permanently or indefinitely; or (b) for any reason that SOFR or Term SOFR Rates for all available Interest Periods are no longer, or as of a specified future date will no longer be, representative (or generally
used or accepted as a benchmark rate for U.S. Dollar denominated syndicated or bilateral credit facilities) or do not, or as of a specified future date will not, comply with the International Organization of Securities Commissions (IOSCO)
Principles for Financial Benchmarks (each a “Benchmark Transition Event”), then the Administrative Agent shall be entitled to give notice thereof (by telephone to be confirmed the same day in writing) or by electronic
communication to the Borrower. On the last day of the Interest Period for each outstanding SOFR Loan occurring on or after the effective date of such notice, the interest on such SOFR Loan shall cease to be calculated on the basis of a Term SOFR
Rate and subject to Section 2.11(b), shall commence to be calculated at the option of the Administrative Agent (exercised by further notice in writing to the Borrower) on the basis of the sum of:

  
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(A) the alternate benchmark rate that has been selected by the Administrative Agent and the Borrower giving due consideration to (1) any selection or recommendation of a replacement
benchmark rate or the mechanism for determining such a rate by the relevant Governmental Authority or (2) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement to the Term SOFR Rate and (B) the
related Benchmark Replacement Adjustment (the replacement benchmark rate chosen by the Administrative Agent pursuant to the foregoing, the “Replacement Benchmark Rate”). 

If the Replacement Benchmark Rate would at any time be less than 1.50%, the Replacement Benchmark Rate will be deemed to be 1.50% for the
purposes of this Agreement and the other Loan Documents. Any Notice of Borrowing which has been delivered to the Administrative Agent requesting a SOFR Loan on a day on or subsequent to the effective date of such notification will be deemed to
request instead a Loan in US dollars in the same amount bearing interest on the basis of the Replacement Benchmark Rate. The Borrower will not be entitled to obtain any SOFR Loan from the Administrative Agent based on the Term SOFR Rate so long as
any of the circumstances set out in this Section continue to exist, and any Loan that would otherwise have been made by the Administrative Agent as a SOFR Loan shall instead be made as an ABR Loan or a Loan in US Dollars bearing interest on the
basis of the Replacement Benchmark Rate. 
 (b) If at any time the Administrative Agent determines (which determination shall be conclusive
and binding absent manifest error) for any reason that (i) SOFR or any applicable SOFR Benchmark Rate cannot be determined pursuant to the definition thereof; or (ii) SOFR or any applicable SOFR Benchmark Rate with respect to a SOFR Loan
does not adequately and fairly reflect the cost to such Lenders (or Lender) of funding or maintaining such SOFR Loan; or (iii) a Benchmark Transition Event has occurred and a Replacement Benchmark Rate has not yet been chosen and implemented by
the Administrative Agent in accordance with this Section 2.11, then the Administrative Agent shall be entitled to give notice thereof (by telephone to be confirmed the same day in writing) or by electronic communication to
the Borrower. On the effective date of such notice, or in the case of any affected SOFR Loan, on the last day of the Interest Period for such outstanding SOFR Loan occurring on or after the effective date of such notice, the interest on such SOFR
Loan shall cease to be calculated on the basis of the affected SOFR Benchmark Rate, and shall commence to be calculated on the basis of ABR. Any Notice of Borrowing which has been delivered to the Administrative Agent requesting an affected SOFR
Loan on a day on or subsequent to such notification date will be deemed to request instead an ABR Loan. The Borrower will not be entitled to obtain any affected SOFR Loan from any Lender so long as any of the circumstances set out in this Section
continue to exist, and any Loan that would otherwise have been made by any Lender as an affected SOFR Loan shall instead be made as an ABR Loan. 

(c) In respect of any Benchmark Transition Event: 

(i) Notwithstanding anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark Transition Event, and
notice of the Replacement Benchmark Rate has been given to the Borrower and become effective, such Replacement Benchmark Rate will replace the applicable SOFR Benchmark Rate, for all purposes under this Agreement and every other Loan Document
without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document except for the Benchmark Replacement Conforming Changes determined by the Administrative Agent to be necessary or desirable and
written notice of which have been given to the Borrower. 
 (ii) In connection with the implementation of a Benchmark Replacement Rate, the
Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement
Conforming Changes will become effective without any further action or consent of any other party to this Agreement. 

  
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 (iii) Any determination, decision or election that may be made by the Administrative Agent
under this Section 2.11 including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any
decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in the Administrative Agent’s sole discretion and without consent from any other party to this Agreement
or any other Loan Document, except, in each case, as expressly required pursuant to this Section 2.11. 
 (d)
Notwithstanding anything to the contrary in this Agreement or any other Loan Document, at any time the Term SOFR Rate for any particular Interest Period (a) is not displayed on a screen or other information service that publishes such rate from
time to time as selected by the Administrative Agent in its reasonable discretion or (b) the SOFR Administrator has provided a public statement or there has been publication of information announcing that such Interest Period is or will be no
longer representative, then (i) the Administrative Agent may provide written notice of such event to the Borrower and upon the effective date of such notice, the definition of Interest Period will be automatically amended to delete reference to
such unavailable or un-representative Interest Period without the consent, approval or any other action by any of the parties to this Agreement or any of the other loan or security documents, and (ii) if
such Interest Period subsequently becomes available or representative, then the Administrative Agent may, in its discretion, reinstate such Interest Period under this Agreement by written notice to the Borrower. 

2.12 Pro Rata Treatment and Payments. 

(a) Each borrowing by the Borrower from the Lenders hereunder, each payment by the Borrower on account of any commitment fee and any reduction
of the Commitments shall be made pro rata according to the respective Term Percentages of the relevant Lenders. 
 (b) Except as
otherwise provided herein, each payment (including each voluntary prepayment) by the Borrower on account of principal of and interest on the Term Loans shall be made pro rata according to the respective outstanding principal amounts of the Term
Loans then held by the Term Lenders. Except as otherwise may be agreed by the Borrower and the Required Lenders, any prepayment of Loans shall be applied first to ABR Loans and then to SOFR Loans. Amounts prepaid on account of the Term Loans may not
be reborrowed. 
 (c) All payments (including prepayments) to be made by the Borrower hereunder, whether on account of principal, interest,
fees or otherwise, shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff and shall be made prior to 1:00 P.M. on the due date thereof to the Administrative Agent, for the account of the Lenders, at the
applicable Funding Office, in Dollars and in immediately available funds. The Administrative Agent shall distribute such payments to the Lenders promptly upon receipt in like funds as received. Any payment received by the Administrative Agent after
1:00 P.M. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment hereunder (other than payments on the SOFR Loans) becomes due and payable on a day other than a
Business Day, such payment shall be extended to the next succeeding Business Day. If any payment on a SOFR Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day
unless the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day. In the case of any extension of any payment of principal pursuant
to the preceding two sentences, interest 

  
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thereon shall be payable at the then applicable rate during such extension. Unless otherwise notified by the Administrative Agent in writing, the Administrative Agent shall initiate debit entries
to any Deposit Account of the Borrower at CIBC as authorized on the Debit Authorization for principal and interest payments or any other Obligations when due. Such debits shall not constitute a set-off. If the
debit authorization arrangement is terminated for any reason, the Borrower shall promptly deliver a new Debit Authorization with respect to another Deposit Account of the Borrower at CIBC and until such new Debit Authorization is effective, shall
make all payments due hereunder to the Administrative Agent at the address specified in Section 10.2, or as otherwise notified by the Administrative Agent in writing. Except to the extent otherwise requested in writing by
the Borrower, including pursuant to any disbursement letter or other request for credit extensions, any amounts to be funded or otherwise paid by the Administrative Agent to the Borrower may be credited in accordance with the Credit Authorization.

 (d) Unless the Administrative Agent shall have been notified in writing by any Lender prior to the proposed date of any borrowing that
such Lender will not make the amount that would constitute its share of such borrowing available to the Administrative Agent, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on such
date in accordance with Section 2, and the Administrative Agent may, in reliance upon such assumption, make available to the Borrower a corresponding amount. If such amount is not in fact made available to the
Administrative Agent by the required time on the Borrowing Date therefor, such 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 on which such amount is made available to the Borrower but excluding the date of payment to the Administrative Agent, at (i) in the case of a payment to be made by such Lender, a rate equal to the greater of (A) the
Federal Funds Effective Rate and (B) 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 rate per annum
applicable to ABR Loans under the relevant Facility. 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. 

(e) 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 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 amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders, severally agree to repay to the Administrative Agent forthwith on demand the amount so distributed
to such 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 Effective Rate and a rate
determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. Nothing herein shall be deemed to limit the rights of Administrative Agent or any Lender against any Loan Party. 

(f) If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing
provisions of this Section 2, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable extension of credit set forth in Section 5.1
are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest. 

  
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 (g) The obligations of the Lenders hereunder to (i) make Term Loans, and (ii) make
payments pursuant to Section 9.7, as applicable, are several and not joint. The failure of any Lender to make any such Loan, to fund any such participation or to make any such payment under
Section 9.7 on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its
Loan, to purchase its participation or to make its payment under Section 9.7. 
 (h) Nothing herein shall be
deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 

(i) If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal,
interest and fees then due hereunder, such funds shall be applied (i) first, toward payment of interest and fees, then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees, then due to
such parties, and (ii) second, toward payment of principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such parties. 

(j) If any Lender shall obtain any payment (whether voluntary, involuntary, through the exercise of any right of set-off, or otherwise) on account of the principal of or interest on any Loan made by it or other obligations hereunder, as applicable (other than pursuant to a provision hereof providing for non-pro rata treatment), in excess of its Term Percentage of such payment on account of the Loans or participations obtained by all of the Lenders, such Lender shall (a) notify the Administrative Agent of the
receipt of such payment, and (b) within five (5) Business Days of such receipt purchase (for cash at face value) from the other Term Lenders (through the Administrative Agent), without recourse, such participations in the Term Loans made
by them or make such other adjustments as shall be equitable, as shall be necessary to cause such purchasing Lender to share the excess payment ratably with each of the other Lenders in accordance with their respective Term Percentages;
provided, however, 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 (x) 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) or (y) any payment obtained by a Lender as consideration for the assignment or sale of a participation in any of its Loans to any assignee or participant, other than to the
Borrower or any of its Affiliates (as to which the provisions of this paragraph shall apply). The Borrower agrees that any Lender so purchasing a participation from another Lender pursuant to this Section 2.12(j) may
exercise all its rights of payment (including the right of set-off) with respect to such participation as fully as if such Lender were the direct creditor of the Borrower in the amount of such participation.
No documentation other than notices and the like referred to in this Section 2.12(j) shall be required to implement the terms of this Section 2.12(j). The Administrative Agent shall keep records
(which shall be conclusive and binding in the absence of manifest error) of participations purchased pursuant to this Section 2.12(j) and shall in each case notify the Term Lenders following any such purchase. The
provisions of this Section 2.12(j) shall not be construed to apply to (i) any payment made by or on behalf of 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), or (ii) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans to any assignee or participant, other than
an assignment to the Borrower or any Affiliate thereof (as to which the provisions of this Section shall apply). The Borrower consents on behalf of itself and each other Loan Party 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 Loan Party rights of setoff and 

  
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counterclaim with respect to such participation as fully as if such Lender were a direct creditor of each Loan Party in the amount of such participation. For the avoidance of doubt, no amounts
received by the Administrative Agent or any Lender from any Guarantor that is not a Qualified ECP Guarantor shall be applied in partial or complete satisfaction of any Excluded Swap Obligations. 

2.13 Illegality; Requirements of Law. 

(a) Illegality. If any Lender determines that any Requirement of Law has made it unlawful, or that any Governmental Authority has
asserted that it is unlawful, for such Lender to make, maintain or fund Loans with interest determined by reference to any applicable SOFR Benchmark Rate, or to determine or charge interest rates based upon any applicable SOFR Benchmark Rate, then,
on notice thereof by such Lender to the Borrower through the Administrative Agent, any obligation of such Lender to make or continue the affected SOFR Loans or to convert ABR Loans to SOFR Loans shall be suspended until such Lender notifies the
Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if
applicable, convert all SOFR Loans of such Lender to ABR Loans either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such SOFR Loans to such day, or immediately, if such Lender may not lawfully
continue to maintain such SOFR Loans. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted. 

(b) Requirements of Law. If the adoption of or any change in any Requirement of Law or in the administration, interpretation,
implementation or application thereof by any Governmental Authority, or the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority made subsequent to the date hereof:

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

(iii) impose on any Lender or the London interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement or
Loans made by such Lender or participation therein; and the result of any of the foregoing shall be to increase the cost to such Lender or such other Recipient of making, converting to, continuing or maintaining Loans determined with reference to
SOFR or the Term SOFR Rate or of maintaining its obligation to make such Loans, or to reduce the amount of any sum receivable or received by such Lender or other Recipient hereunder in respect thereof (whether of principal, interest or any other
amount), then, in any such case, upon the request of such Lender or other Recipient, the Borrower will promptly pay such Lender or other Recipient, as the case may be, any additional amount or amounts necessary to compensate such Lender or other
Recipient, as the case may be, for such additional costs incurred or reduction suffered. If any Lender becomes entitled to claim any additional amounts pursuant to this paragraph, it shall promptly notify the Borrower (with a copy to the
Administrative Agent) of the event by reason of which it has become so entitled. 

  
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 (c) If any Lender determines that any change in any Requirement of Law affecting such Lender
or any lending office of such Lender or such Lender’s holding company, if any, regarding capital or liquidity requirements, has or would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such
Lender’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by such Lender, to a level below that which such Lender or such Lender’s holding company could have achieved but for
such change in such Requirement of Law (taking into consideration such Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender such
additional amount or amounts as will compensate such Lender or such Lender’s holding company for any such reduction suffered. 
 (d)
For purposes of this Agreement, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or
directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in
each case (i) and (ii) be deemed to be a change in any Requirement of Law, regardless of the date enacted, adopted or issued. 
 (e) A
certificate as to any additional amounts payable pursuant to paragraphs (b), (c), or (d) of this Section submitted by any Lender to the Borrower (with a copy to the Administrative Agent) shall be conclusive in the absence of manifest error. The
Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. Failure or delay on the part of any Lender to demand compensation pursuant to this Section shall not constitute a waiver of such
Lender’s right to demand such compensation. Notwithstanding anything to the contrary in this Section 2.13, the Borrower shall not be required to compensate a Lender pursuant to this
Section 2.13 for any amounts incurred more than nine months prior to the date that such Lender notifies the Borrower of the change in the Requirement of Law giving rise to such increased costs or reductions, and of such
Lender’s intention to claim compensation therefor; provided that if the circumstances giving rise to such claim have a retroactive effect, then such nine-month period shall be extended to include the period of such retroactive effect.
The obligations of the Borrower arising pursuant to this Section 2.13 shall survive the Discharge of Obligations and the resignation of the Administrative Agent. 

2.14 Taxes. 
 For
purposes of this Section 2.14, the term “applicable law” includes FATCA. 
 (a) Payments Free of
Taxes. Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be made without deduction or withholding for any Taxes, except as required by applicable Requirements of Law, and the Borrower shall,
and shall cause each other Loan Party, to comply with the requirements set forth in this Section 2.14. 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 applicable Loan Party 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 2.14) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been
made. 

  
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 (b) Payment of Other Taxes. The Borrower shall, and the Borrower shall cause each
other Loan Party to, 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 applicable to such Loan Party. 

(c) Evidence of Payments. As soon as practicable after any payment of Taxes by any Loan Party to a Governmental Authority pursuant to
this Section 2.14, the Borrower shall, or shall cause such other Loan Party to, 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. 

(d) Indemnification by Loan Parties. The Borrower shall, and shall cause each other Loan Party to, jointly and severally 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 2.14)
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 (including any recording and filing fees with respect thereto or
resulting therefrom and any liabilities with respect to, or resulting from, any delay in paying such Indemnified Taxes), 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 Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest
error. If any Loan Party fails to pay any Indemnified Taxes when due to the appropriate taxing authority or fails to remit to the Administrative Agent the required receipts or other required documentary evidence, such Loan Party shall indemnify the
Administrative Agent and the Lenders for any incremental taxes, interest or penalties that may become payable by the Administrative Agent or any Lender as a result of any such failure. 

(e) Indemnification by 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 any Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting or expanding the obligation of
the Loan Parties to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 10.6 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 set off 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 Section 2.14(e). 
 (f) 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 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 

  
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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 any withholding tax (including
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 2.14(f)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if the Lender is not legally entitled to complete, execute or deliver such documentation or, 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, 

(1) 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 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 U.S. federal backup withholding tax; 
 (2) 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: 
 a. 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 originals of IRS Form W-8BEN or IRS
Form W-8BEN-E, as applicable (or any successor form) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest”
article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN or IRS Form
W-8BEN-E, as applicable (or any successor form) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business
profits” or “other income” article of such tax treaty; 
 b. executed copies of IRS Form
W-8ECI; 
 c. 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 F-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 or IRS Form
W-8BEN-E, as applicable (or any successor form); or 
 d.
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 or IRS Form W-8BEN-E, as applicable (or any successor form), a U.S. Tax Compliance Certificate substantially in the form
of Exhibit F-2 or Exhibit F-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 F-4 on behalf of each such direct and indirect partner; 

  
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 (3) 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 other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such
supplementary documentation as may be prescribed by applicable law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 

(4) if a payment made to a Lender under any Loan Document would be subject to U.S. 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, provide such successor form, or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so. Each Foreign Lender shall promptly notify the Borrower
at any time it determines that it is no longer in a position to provide any previously delivered certificate to the Borrower (or any other form of certification adopted by the U.S. taxing authorities for such purpose). Notwithstanding any other
provision of this paragraph, a Foreign Lender shall not be required to deliver any form pursuant to this paragraph that such Foreign Lender is not legally able to deliver. 

(g) 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 2.14 (including by the payment of additional amounts pursuant to this Section 2.14), 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 Section 2.14(g) (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
Section 2.14(g), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this Section 2.14(g) 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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 (h) Survival. Each party’s obligations under this
Section 2.14 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender and the Discharge of Obligations. 

2.15 Indemnity. The Borrower agrees to indemnify each Lender for, and to hold each Lender harmless from, any loss or expense (other
than lost profits) that such Lender may sustain or incur as a consequence of (a) a default by the Borrower in making a borrowing of, conversion into or continuation of SOFR Loans after the Borrower has given a notice requesting the same in
accordance with the provisions of this Agreement, (b) a default by the Borrower in making any prepayment of or conversion from SOFR Loans after the Borrower has given a notice thereof in accordance with the provisions of this Agreement, or
(c) for any reason, the making of a prepayment of SOFR Loans on a day that is not the last day of an Interest Period with respect thereto. Such losses and expenses shall be equal to the excess, if any, of (i) the amount of interest that
would have accrued on the amount so prepaid, or not so borrowed, reduced, converted or continued, for the period from the date of such prepayment or of such failure to borrow, reduce, convert or continue to the last day of such Interest Period (or,
in the case of a failure to borrow, reduce, convert or continue, the Interest Period that would have commenced on the date of such failure) in each case at the applicable rate of interest or other return for such Loans provided for herein
(excluding, however, the Applicable Margin included therein, if any), over (ii) the amount of interest (as reasonably determined by such Lender) that would have accrued to such Lender on such amount by placing such amount on deposit for a
comparable period with leading banks in the interbank eurodollar market. A certificate as to any amounts payable pursuant to this Section submitted to the Borrower by any Lender shall be conclusive in the absence of manifest error. This covenant
shall survive the Discharge of Obligations. 
 2.16 Change of Lending Office. Each Lender agrees that, upon the occurrence of any
event giving rise to the operation of Section 2.13(b), Section 2.13(c), Section 2.14(a), Section 2.14(b) or
Section 2.14(d) with respect to such Lender, it will, if requested by the Borrower, use reasonable efforts (subject to overall policy considerations of such Lender) to designate a different lending office for funding or
booking its Loans affected by such event 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 2.13 or 2.14, 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; provided that nothing in this Section shall affect or postpone any of the obligations of the Borrower or the rights of any Lender pursuant to Section 2.13(b), Section 2.13(c),
Section 2.14(a), Section 2.14(b) or Section 2.14(d). The Borrower hereby agrees to pay all reasonable and documented costs and expenses incurred by any Lender in
connection with any such designation or assignment made at the request of the Borrower. 
 2.17 Substitution of Lenders. Upon the
receipt by the Borrower of any of the following (or in the case of clause (a) below, if the Borrower is required to pay any such amount), with respect to any Lender (any such Lender described in clauses (a) through (c) below being referred
to as an “Affected Lender” hereunder): 
 (a) a request from a Lender for payment of Indemnified Taxes or
additional amounts under Section 2.14 or of increased costs pursuant to Section 2.13(b) or Section 2.13(c) (and, in any such case, such Lender has declined or is unable to
designate a different lending office in accordance with Section 2.16 or is a Non-Consenting Lender); 

  
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 (b) a notice from the Administrative Agent under Section 10.1(b)
that one or more Minority Lenders are unwilling to agree to an amendment or other modification approved by the Required Lenders and the Administrative Agent; or 

(c) notice from the Administrative Agent that a Lender is a Defaulting Lender; then the Borrower may, at its sole expense and effort, upon
notice to such Lender and the Administrative Agent and such Affected Lender: (i) request that one or more of the other Lenders acquire and assume all or part of such Affected Lender’s Loans and Commitment; or (ii) designate a
replacement lending institution (which shall be an Eligible Assignee) to acquire and assume all or a ratable part of such Affected Lender’s Loans and Commitment (the replacing Lender or lender in (i) or (ii) being a “Replacement
Lender”); provided, however, that the Borrower shall be liable for the payment upon demand of all costs and other amounts arising under Section 2.15 that result from the acquisition of any
Affected Lender’s Loan and/or Commitment (or any portion thereof) by a Lender or Replacement Lender, as the case may be, on a date other than the last day of the applicable Interest Period with respect to any SOFR Loans then outstanding. The
Affected Lender replaced pursuant to this Section 2.17 shall be required to assign and delegate, without recourse, all of its interests, rights and obligations under this Agreement and the related Loan Documents to one or
more Replacement Lenders that so agree to acquire and assume all or a ratable part of such Affected Lender’s Loans and Commitment upon payment to such Affected Lender of an amount (in the aggregate for all Replacement Lenders) equal to 100% of
the outstanding principal of the Affected Lender’s Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents from such Replacement Lenders (to the extent of such outstanding
principal and accrued interest and fees) or the Borrower (in the case of all other amounts, including amounts under Section 2.15 hereof). Any such designation of a Replacement Lender shall be effected in accordance with,
and subject to the terms and conditions of, the assignment provisions contained in Section 10.6 (with the assignment fee to be paid by the Borrower in such instance), and, if such Replacement Lender is not already a Lender
hereunder or an Affiliate of a Lender or an Approved Fund, shall be subject to the prior written consent of the Administrative Agent (which consent shall not be unreasonably withheld). Notwithstanding the foregoing, with respect to any assignment
pursuant to this Section 2.17, (a) in the case of any such assignment resulting from a claim for compensation under Section 2.13 or payments required to be made pursuant to
Section 2.14, such assignment shall result in a reduction in such compensation or payments thereafter; (b) such assignment shall not conflict with applicable law and (c) in the case of any assignment resulting
from a Lender being a Minority Lender referred to in clause (b) of this Section 2.17, the applicable assignee shall have consented to the applicable amendment, waiver or consent. Notwithstanding the foregoing, an
Affected Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Affected Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease
to apply. 
 2.18 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 10.1 and in the
definitions of Majority Term Lenders and 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 Section 8 or otherwise, and including any amounts made

  
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available to the Administrative Agent by such Defaulting Lender pursuant to Section 10.7), 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, as the Borrower may request (so long as no Default or Event of Default exists), to the
funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; third, if so determined by the Administrative Agent and the
Borrower, to be held in a Deposit Account and released pro rata to satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement; fourth, so long as no Event of Default has occurred and
is continuing, 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 fifth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (A) such payment is a payment of the principal amount of any Loans in respect
of which such Defaulting Lender has not fully funded its appropriate share and (B) such Loans were made at a time when the conditions set forth in Section 5.1 were satisfied or waived, such payment shall be applied
solely to pay the Loans of all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of owed to, such Defaulting Lender until such time as all Loans are held by
the Lenders pro rata in accordance with the Commitments without giving effect to Section 2.18(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 shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii) Certain Fees. No Defaulting Lender shall be entitled to receive any fee or default interest pursuant to this Agreement or the
other Loan Documents for any period during which such Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee or default interest that otherwise would have been required to have been paid to such Defaulting Lender).

 (b) Defaulting Lender Cure. If the Borrower and the Administrative Agent agree in writing that a Lender is no longer a Defaulting
Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein, such Lender will, to the extent applicable, purchase at par that portion
of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans to be held on a pro rata basis by the Lenders in accordance with their respective Term
Percentages, as applicable, 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 such Lender
was a Defaulting Lender; and provided further that, except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party
hereunder arising from such Lender having been a Defaulting Lender. 
 2.19 Notes. If so requested by any Lender by written notice to
the Borrower (with a copy to the Administrative Agent), the Borrower shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to
Section 10.6) (promptly after the Borrower’s receipt of such notice) a Note or Notes to evidence such Lender’s Loans. 

SECTION III 
 [RESERVED]

 SECTION IV 

REPRESENTATIONS AND WARRANTIES 

  
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 To induce the Administrative Agent and the Lenders to enter into this Agreement and to make
the Loans, the Borrower hereby represents and warrants to the Administrative Agent and each Lender, as to itself and each of its Subsidiaries, that: 

4.1 Financial Condition. 

(a) The Pro Forma Financial Statements have been prepared giving effect (as if such events had occurred on such date) to (i) the Loans to
be made on the Closing Date and the use of proceeds thereof, and (ii) the payment of Transaction Costs. The Pro Forma Financial Statements have been prepared based on the best information available to the Borrower as of the date of delivery
thereof, and present fairly in all material respects on a pro forma basis the estimated financial position of Borrower and its consolidated Subsidiaries as of June 30, 2022 assuming that the events specified in the preceding sentence had
actually occurred at such date. 
 (b) (i) The audited consolidated financial statements (balance sheet, income statement and statements of
cash flows) of the Borrower and its Subsidiaries for the fiscal year ended on December 31, 2021, (ii) the unaudited consolidated financial statements (balance sheet, income statement and statement of cash flows) of the Borrower and its
Subsidiaries for the calendar month ended June 30, 2022, each, present fairly in all material respects the financial condition of the Borrower and its Subsidiaries as at such date, and the results of its operations for the respective fiscal
periods then ended. All such financial statements of the Borrower, including the related schedules and notes thereto (if applicable), have been prepared in accordance with GAAP applied consistently throughout the periods involved (except as approved
by the aforementioned firm of accountants and disclosed therein). No Group Member has, as of the Closing Date, any material Guarantee Obligations, contingent liabilities and liabilities for taxes, or any long-term leases or unusual forward or
long-term commitments, including any interest rate or foreign currency swap or exchange transaction or other obligation in respect of derivatives, that are not reflected in the most recent financial statements referred to in this paragraph. During
the period from December 31, 2021 to and including the date hereof, there has been no Disposition by any Group Member of any material part of its business or property. 

4.2 No Change. Since December 31, 2021, there has been no development or event that has had or could reasonably be expected to
have a Material Adverse Effect. 
 4.3 Existence; Compliance with Law. Each Group Member (a) is duly organized, validly
existing and in good standing under the laws of the jurisdiction of its organization, (b) has the power and authority, and the legal right, to own and operate its property, to lease the property it operates as lessee and to conduct the business
in which it is currently engaged, (c) is duly qualified as a foreign corporation or other organization and in good standing under the laws of each jurisdiction where the failure to be so qualified or in good standing could reasonably be
expected to have a Material Adverse Effect and (d) is in material compliance with all Requirements of Law except in such instances in which (i) such Requirement of Law is being contested in good faith by appropriate proceedings diligently
conducted and the prosecution of such contest would not reasonably be expected to result in a Material Adverse Effect, or (ii) the failure to comply therewith, either individually or in the aggregate, would not reasonably be expected to have a
Material Adverse Effect. 
 4.4 Power, Authorization; Enforceable Obligations. Each Loan Party has the power and authority, and the
legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution,
delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the extensions of credit on the terms and conditions of this Agreement. No Governmental Approval or consent or authorization of,

  
 48 

 
filing with, notice to or other act by or in respect of, any other Person is required in connection with the the extensions of credit hereunder or with the execution, delivery, performance,
validity or enforceability of this Agreement or any of the Loan Documents, except (i) Governmental Approvals, consents, authorizations, filings and notices described on Schedule 4.4, which Governmental Approvals, consents,
authorizations, filings and notices have been obtained or made and are in full force and effect, and (ii) the filings referred to in Section 4.19. Each Loan Document has been duly executed and delivered on behalf of
each Loan Party party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance
with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether
enforcement is sought by proceedings in equity or at law). 
 4.5 No Legal Bar. The execution, delivery and performance of this
Agreement and the other Loan Documents, the borrowings hereunder and the use of the proceeds thereof will not violate any Requirement of Law or any material Contractual Obligation of any Group Member in any material respect and will not result in,
or require, the creation or imposition of any Lien on any of their respective properties or revenues pursuant to any Requirement of Law or any such Contractual Obligation (other than the Liens created by the Security Documents). No Group Member has
violated any Requirement of Law or violated or failed to comply with any Contractual Obligation applicable to the Borrower or any of its respective Subsidiaries that could reasonably be expected to have a Material Adverse Effect. No Loan Party is a
party to any agreement or contract or subject to any restriction contained in its Operating Documents which could reasonably be expected to have Material Adverse Effect. 

4.6 Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the
knowledge of the Borrower, threatened in writing by or against any Group Member or against any of their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby,
or (b) that could reasonably be expected to have a Material Adverse Effect. 
 4.7 No Default. No Group Member is in default
under or with respect to any of its Contractual Obligations in any respect that could reasonably be expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing, nor shall either result from the making of
a requested credit extension. 
 4.8 Ownership of Property; Liens; Investments. Each Group Member has title in fee simple to, or a
valid leasehold interest in, all of its real property, and good title to, or a valid leasehold interest in, all of its other property, and none of such property is subject to any Lien except as permitted by Section 7.3.
Section 10 of the Collateral Information Certificate sets forth a complete and accurate list of all real property owned by each Loan Party as of the Closing Date, if any. The Collateral Information Certificate sets forth a
complete and accurate list of all leases of real property under which any Loan Party is the lessee as of the Closing Date. 
 4.9
Intellectual Property. Each Group Member owns, or is licensed to use, all Intellectual Property necessary for the conduct of its business as currently conducted. No claim has been asserted and is pending by any Person challenging or
questioning any Group Member’s use of any Intellectual Property or the validity or effectiveness of any Group Member’s Intellectual Property, nor does the Borrower know of any valid basis for any such claim, unless such claim could not
reasonably be expected to have a Material Adverse Effect. The use of Intellectual Property by each Group Member, and the conduct of such Group Member’s business, as currently conducted, does not infringe on or otherwise violate the rights of
any Person, unless such infringement could not reasonably be expected to have a Material Adverse Effect, and there are no claims pending or, to the knowledge of the Borrower, threatened to such effect. 

  
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 4.10 Taxes. Each Group Member has filed or caused to be filed all Federal, state and
other material tax returns that are required to be filed and has paid all taxes shown to be due and payable on said returns or on any assessments made against it or any of its property and all other taxes, fees or other charges imposed on it or any
of its property by any Governmental Authority (other than any taxes, charges or assessments the amount or validity of which are currently being contested in good faith by appropriate proceedings and with respect to which reserves in conformity with
GAAP have been provided on the books of the relevant Group Member). No tax Lien has been filed, and, to the knowledge of the Borrower, no claim is being asserted in writing, with respect to any such tax, fee or other charge, where such claim could
not reasonably be expected to result in liability in excess of $500,000. 
 4.11 Federal Regulations. The Borrower is not engaged and
will not engage, principally or as one of its important activities, in the business of “buying’ or “carrying” “margin stock” (within the respective meanings of each of the quoted terms under Regulation U as now and from
time to time hereafter in effect) or extending credit for the purpose of purchasing or carrying margin stock. No part of the proceeds of any Loans, and no other extensions of credit hereunder, will be used for buying or carrying any such margin
stock or for extending credit to others for the purpose of purchasing or carrying margin stock in violation of Regulations T, U or X of the Board. If any margin stock directly or indirectly constitutes Collateral securing the Obligations, if
requested by any Lender or the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form G-3
or FR Form U-1, as applicable, referred to in Regulation U. 
 4.12 Labor Matters. Except as,
in the aggregate, could not reasonably be expected to have a Material Adverse Effect: (a) there are no strikes or other labor disputes against any Group Member pending or, to the knowledge of Holding or the Borrower, threatened in writing;
(b) hours worked by and payment made to employees of each Group Member have not been in violation of the Fair Labor Standards Act or any other applicable Requirement of Law dealing with such matters; and (c) all payments due from any Group
Member on account of employee health and welfare insurance have been paid or accrued as a liability on the books of the relevant Group Member. 

4.13 ERISA. 
 (a)
Schedule 4.13 is a complete and accurate list of all Pension Plans maintained or sponsored by the Borrower or any ERISA Affiliate or to which the Borrower or any ERISA Affiliate contributes as of the Closing Date; 

(b) the Borrower and its ERISA Affiliates are in compliance in all material respects with all applicable provisions and requirements of ERISA
with respect to each Plan, and have performed all their obligations under each Plan; 
 (c) no ERISA Event has occurred or is reasonably
expected to occur; 
 (d) the Borrower and each of its ERISA Affiliates have met all applicable requirements under the ERISA Funding Rules
with respect to each Pension Plan, and no waiver of the minimum funding standards under the ERISA Funding Rules has been applied for or obtained; 

  
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 (e) as of the most recent valuation date for any Pension Plan, the funding target attainment
percentage (as defined in Section 430(d)(2) of the Code) is at least 60%, and neither the Borrower nor any of its ERISA Affiliates knows of any facts or circumstances that could reasonably be expected to cause the funding target attainment
percentage to fall below 60% as of the most recent valuation date; 
 (f) except to the extent required under Section 4980B of the
Code, or as described on Schedule 4.13, no Plan provides health or welfare benefits (through the purchase of insurance or otherwise) for any retired or former employee of the Borrower or any of its ERISA Affiliates; 

(g) as of the most recent valuation date for any Pension Plan, the amount of outstanding benefit liabilities (as defined in
Section 4001(a)(18) of ERISA), individually or in the aggregate for all Pension Plans (excluding for purposes of such computation any Pension Plans with respect to which assets exceed benefit liabilities), does not exceed $50,000; 

(h) the execution and delivery of this Agreement and the consummation of the transactions contemplated hereunder will not involve any
transaction that is subject to the prohibitions of Section 406 of ERISA or in connection with which taxes could be imposed pursuant to Section 4975(c)(1)(A)-(D) of the Code; 

(i) all liabilities under each Plan are (i) funded to at least the minimum level required by law or, if higher, to the level required by
the terms governing the Plans, (ii) insured with a reputable insurance company, (iii) provided for or recognized in the financial statements most recently delivered to the Administrative Agent and the Lenders pursuant hereto or
(iv) estimated in the formal notes to the financial statements most recently delivered to the Administrative Agent and the Lenders pursuant hereto; 

(j) there are no circumstances which may give rise to a liability in relation to any Plan which is not funded, insured, provided for,
recognized or estimated in the manner described in clause (g); and 
 (k) (i) the Borrower is not and will not be a “plan” within
the meaning of Section 4975(e) of the Code; (ii) the assets of the Borrower do not and will not constitute “plan assets” within the meaning of the United States Department of Labor Regulations set forth in 29 C.F.R. §2510.3-101; (iii) the Borrower is not and will not be a “governmental plan” within the meaning of Section 3(32) of ERISA; and (iv) transactions by or with the Borrower are not and will not
be subject to state statutes applicable to the Borrower regulating investments of fiduciaries with respect to governmental plans. 
 4.14
Investment Company Act; Other Regulations. No Loan Party is an “investment company,” or a company “controlled” by an “investment company,” within the meaning of the Investment Company Act of 1940, as amended.
Except as set forth on Schedule 4.5, no Loan Party is subject to regulation under any Requirement of Law (other than Regulation X of the Board) that limits its ability to incur Indebtedness or which may otherwise render all or any portion of
the Obligations unenforceable. 
 4.15 Subsidiaries. As of the Closing Date, (a) Schedule 4.15 sets forth the name
and jurisdiction of organization of each Subsidiary of the Borrower and, as to each such Subsidiary, the percentage of each class of Capital Stock owned by any Loan Party, and (b) there are no outstanding subscriptions, options, warrants,
calls, rights or other agreements or commitments (other than stock options granted to employees or directors and directors’ qualifying shares) of any nature relating to any Capital Stock of the Borrower or any Subsidiary, except as may be
created by the Loan Documents. 

  
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 4.16 Use of Proceeds. The proceeds of the Term Loans shall be used for the
Transactions, working capital and other general corporate purposes. 
 4.17 Environmental Matters. Except as, in the aggregate, could
not reasonably be expected to have a Material Adverse Effect: 
 (a) except as disclosed on Schedule 4.17, the facilities and
properties owned, leased or operated by any Group Member (the “Properties”) do not contain, and have not previously contained, any Materials of Environmental Concern in amounts or concentrations or under circumstances
that constitute or have constituted a violation of, or could give rise to liability under, any Environmental Law; 
 (b) no Group Member has
received or is aware of any notice of violation, alleged violation, non-compliance, liability or potential liability regarding environmental matters or compliance with Environmental Laws with regard to any of
the Properties or the business operated by any Group Member (the “Business”), nor does the Borrower have knowledge or reason to believe that any such notice will be received or is being threatened; 

(c) no Group Member has transported or disposed of Materials of Environmental Concern from the Properties in violation of, or in a manner or
to a location that could give rise to liability under, any Environmental Law, nor has any Group Member generated, treated, stored or disposed of Materials of Environmental Concern at, on or under any of the Properties in violation of, or in a manner
that could give rise to liability under, any applicable Environmental Law; 
 (d) no judicial proceeding or governmental or administrative
action is pending or, to the knowledge of the Borrower, threatened, under any Environmental Law to which any Group Member is or will be named as a party with respect to the Properties or the Business, nor are there any consent decrees or other
decrees, consent orders, administrative orders or other orders, or other administrative or judicial requirements outstanding under any Environmental Law with respect to the Properties or the Business; 

(e) there has been no release or threat of release of Materials of Environmental Concern at or from the Properties arising from or related to
the operations of any Group Member or otherwise in connection with the Business, in violation of or in amounts or in a manner that could give rise to liability under Environmental Laws; 

(f) the Properties and all operations of the Group Members at the Properties are in compliance, and have in the last five years been in
compliance, with all applicable Environmental Laws, and except as set forth on Schedule 4.17, to the knowledge of the Borrower, there is no contamination at, under or about the Properties or violation of any Environmental Law with respect to
the Properties or the Business; 
 (g) no Group Member has assumed any liability of any other Person under Environmental Laws; and 

(h) as of the Closing Date, set forth on Schedule 4.17(h) is a complete and accurate list of the address of all of the Properties owned
or leased by any Loan Party, together with, in the case of leased property, the name and mailing address of the lessor of such Property. 

  
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 4.18 Accuracy of Information, etc. No statement or information contained in this
Agreement, any other Loan Document or any other document, certificate or statement furnished by or on behalf of any Loan Party to the Administrative Agent or the Lenders, or any of them, for use in connection with the transactions contemplated by
this Agreement or the other Loan Documents, contained as of the date such statement, information, document or certificate was so furnished, any untrue statement of a material fact or omitted to state a material fact necessary to make the statements
contained herein or therein not misleading. The projections and pro forma financial information contained in the materials referenced above are based upon good faith estimates and assumptions believed by management of the Borrower to be
reasonable at the time made, it being recognized by the Lenders that such financial information as it relates to future events is not to be viewed as fact and that actual results during the period or periods covered by such financial information may
differ from the projected results set forth therein by a material amount. There is no fact known to any Loan Party that could reasonably be expected to have a Material Adverse Effect that has not been expressly disclosed herein, in the other Loan
Documents or in any other documents, certificates and statements furnished to the Administrative Agent and the Lenders for use in connection with the transactions contemplated hereby and by the other Loan Documents. 

4.19 Security Documents. 

(a) The Guarantee and Collateral Agreement is effective to create in favor of the Administrative Agent, for the benefit of the Secured
Parties, a legal, valid and enforceable security interest in the Collateral described therein and proceeds thereof. In the case of the Pledged Stock described in the Guarantee and Collateral Agreement that are securities represented by stock
certificates or otherwise constituting certificated securities within the meaning of Section 8-102(a)(15) of the UCC or the corresponding code or statute of any other applicable jurisdiction
(“Certificated Securities”), when certificates representing such Pledged Stock are delivered to the Administrative Agent, and in the case of the other Collateral constituting personal property described in the
Guarantee and Collateral Agreement, when financing statements and other filings specified on Schedule 4.19(a) in appropriate form are filed in the offices specified on Schedule 4.19(a), the Administrative Agent, for the benefit of the
Secured Parties, shall have a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral and the proceeds thereof, as security for the Obligations, in each case prior and superior in right
to any other Person (except, in the case of Collateral other than Pledged Stock, Liens permitted by Section 7.3). As of the Closing Date, none of the Borrower or any Guarantor that is a limited liability company or
partnership has any Capital Stock that is a Certificated Security. 
 (b) Each of the Mortgages delivered after the Closing Date will be,
upon execution, effective to create in favor of the Administrative Agent, for the benefit of the Secured Parties, a legal, valid and enforceable Lien on the Mortgaged Properties described therein and proceeds thereof, and when the Mortgages are
filed in the offices for the applicable jurisdictions in which the Mortgaged Properties are located, each such Mortgage shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in the
Mortgaged Properties and the proceeds thereof, as security for the Obligations (as defined in the relevant Mortgage), in each case prior and superior in right to any other Person. 

4.20 Solvency; Voidable Transaction. The Borrower, taken as a whole together with all the other Loan Parties and their respective
Subsidiaries is, immediately after giving effect to the incurrence of all Indebtedness, Obligations and obligations being incurred in connection herewith and, the use of proceeds thereof will be, Solvent. No transfer of property is being made by any
Loan Party and no obligation is being incurred by any Loan Party in connection with the transactions contemplated by this Agreement or the other Loan Documents with the intent to hinder, delay, or defraud either present or future creditors of such
Loan Party. 

  
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 4.21 Regulation H. No Mortgage encumbers improved real property that is located in an
area that has been identified by the Secretary of Housing and Urban Development as an area having special flood hazards and in which flood insurance has not been made available under the National Flood Insurance Act of 1968. 

4.22 Designated Senior Indebtedness. The Loan Documents and all of the Obligations have been deemed “Designated Senior
Indebtedness” or a similar concept thereto, if applicable, for purposes of any other Indebtedness of the Loan Parties. 
 4.23
[Reserved]. 
 4.24 Insurance. All insurance maintained by the Loan Parties is in full force and effect, all premiums have
been duly paid, no Loan Party has received notice of violation or cancellation thereof, and there exists no material default under any requirement of such insurance. Each Loan Party maintains insurance with financially sound and reputable insurance
companies on all its property in at least such amounts and against at least such risks (but including in any event public liability, product liability, and business interruption) as are usually insured against in the same general area by companies
engaged in the same or a similar business. 
 4.25 No Casualty. No Loan Party has received any notice of, nor does any Loan Party
have any knowledge of, the occurrence or pendency or contemplation of any Casualty Event affecting all or any material portion of its property. 

4.26 [Reserved]. 
 4.27
Capitalization. Schedule 4.27 sets forth the beneficial owners of all Capital Stock of the Borrower’s consolidated Subsidiaries, and the amount of Capital Stock held by each such owner, as of the Closing Date. 

4.28 OFAC. Neither the Borrower, nor any of its Subsidiaries, nor, to the knowledge of the Borrower or any such Subsidiary, any
director, officer, employee, agent, affiliate or representative thereof, has taken or permitted to be taken any action which might cause any Loan Document to violate any regulation of the Federal Reserve Board. Neither the making of the Loans by the
Lenders nor the use of the proceeds thereof will violate the Trading with the Enemy Act, as amended, or any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or any
enabling legislation or executive order relating thereto. Neither the Borrower, nor any of its Subsidiaries, nor, to the knowledge of the Borrower or any such Subsidiary, any director, officer, employee, agent, affiliate or representative thereof
(i) is, or will become, a Person described or designated in the Specially Designated Nationals and Blocked Persons List of OFAC or in Section 1 of the Anti-Terrorism Order, (ii) is, or will become, a citizen or resident of any country
that is subject to embargo or trade sanctions enforced by OFAC, (iii) is, or will become, a Person whose property or interest in property is blocked or subject to blocking pursuant to Section 1 of the Anti-Terrorism Order or similar
sanctions laws of any other Governmental Authority, or (iv) engages or will engage in any dealings or transactions, or is or will be otherwise associated, with any such Person. 

4.29 Regulatory Matters. 

(a) Compliance with Health Care Laws. Each Loan Party and each of its Subsidiaries is, and at all times during the four calendar years
immediately preceding the Closing Date has been, in compliance with all Health Care Laws applicable to it, its assets, business or operations, except for any non-compliance that could not reasonably be
expected to result in Material Healthcare Liabilities. No circumstance exists which could reasonably be expected to result in a material violation of any Health Care Law except as could not reasonably be expected to result in Material Healthcare

  
 54 

 
Liabilities. No proceeding against or affecting any Loan Party or any of its Subsidiaries relating to any actual or alleged non-compliance with any Health
Care Law is pending or, to the knowledge of any Loan Party, threatened in writing, nor, to the knowledge of any Loan Party, are there any facts, circumstances or conditions that could reasonably be expected to form the basis for any such proceeding
against or affecting any Loan Party or any of its Subsidiaries except as each of the foregoing could not reasonably be expected to result in Material Healthcare Liabilities. 

(b) Regulatory Permits. Each Loan Party and each of its Subsidiaries holds, and at all times during the four calendar years immediately
preceding the Closing Date has held, all Regulatory Permits necessary for it to own, lease, sublease or operate its assets or to conduct its business or operations as presently conducted. All such Regulatory Permits are, and at all times during the
four calendar years immediately preceding the Closing Date have been, in full force and effect and there is and has been no default under, violation of, or other noncompliance with the terms and conditions thereof, except where the failure to have a
Regulatory Permit could not reasonably be expected to result in Material Healthcare Liabilities. To the knowledge of any Loan Party, no condition exists or event has occurred within the last four years which, in itself or with the giving of notice
or lapse of time or both, has resulted or could reasonably be expected to result in the suspension, revocation, termination, restriction, limitation, modification or non-renewal of any Regulatory Permit,
except where the failure to have a Regulatory Permit could not reasonably be expected to result in Material Healthcare Liabilities. Within the last four years, no Governmental Authority has taken, or to the knowledge of any Loan Party threatened to
take, action to suspend, revoke, terminate, place on probation, restrict, limit, modify or not renew any Regulatory Permit of any Loan Party or any Subsidiary of any Loan Party. As of the Closing Date, Schedule 4.29 sets forth an accurate,
complete and current list of all material Regulatory Permits. There currently exist no restrictions, deficiencies, required plans of correction or other such remedial measures with respect to any Regulatory Permit of any Loan Party or any Subsidiary
of any Loan Party except where any such remedial measures or the failure to have a Regulatory Permit could not reasonably be expected to result in Material Healthcare Liabilities. 

(c) Material Statements. None of the Loan Parties, their Subsidiaries, or, to the knowledge of any Loan Party, any of the officers,
affiliates, or employees of the Loan Parties or their Subsidiaries has made an untrue statement of a material fact or fraudulent statement to any Governmental Authority, failed to disclose a material fact that must be disclosed to any Governmental
Authority, or committed an act, made a statement or failed to make a statement that, at the time such statement, disclosure or failure to disclose occurred, would reasonably be expected to constitute a material violation of any Health Care Law. 

(d) Prohibited Transactions. No Loan Party is enrolled in or submits claims to any federal health care program (as defined at 42 U.S.C.
§ 1320a–7b(f)) or other third party insurance or payor program for healthcare items or services furnished by such Person. None of the Loan Parties, their Subsidiaries, or, to the knowledge of any Loan Party, any of the officers,
affiliates, or employees of the Loan Parties or their Subsidiaries has presented, caused to be presented or conspired with any party to present to any federal health care program any claim for payment for an item or service in violation of, or that
would be the basis for liability under, the False Claims Act, 31 U.S.C. § 3729 – 3733, any similar state false claims act, the Civil Monetary Penalties Law, 42 U.S.C. §§ 1320a-7a, 1320a-7b, the Program Fraud Civil Remedies Act, 31 U.S.C. §§ 3801-3812, any other Health Care Laws, or the common law or administrative theories of unjust enrichment, disgorgement, conversion, or Fraud. To
the knowledge of each Loan Party, no Person has filed or has threatened to file against any Loan Party or any of their respective Affiliates an action under any qui tam or private right of action within any Health Care Law, including under the False
Claims Act (31 U.S.C. § 3729 et seq.). 

  
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 (e) Exclusion. No Loan Party and no Subsidiary of any Loan Party, nor, to the
knowledge of any Loan Party, any owner, officer, director, partner, managing employee or Person with an “ownership interest” or an “indirect ownership interest” (as those terms are defined in 42 C.F.R. § 420.201) in any Loan
Party or any Subsidiary of any Loan Party, has been (or has been threatened to be) (i) excluded pursuant to 42 U.S.C. § 1320a-7 and related regulations, (ii) “suspended” or
“debarred” from selling products to the U.S. government or its agencies pursuant to the Federal Acquisition Regulation, relating to debarment and suspension applicable to federal government agencies generally (42 C.F.R. Subpart 9.4), or
other applicable laws or regulations, (iii) listed on the list of excluded parties maintained by the General Services Administration or the office of the Inspector General of the Department of Health and Human Services, or a comparable state
healthcare exclusion listing, nor is any such debarment, disqualification, suspension or exclusion threatened or pending, (iv) debarred under FDA proceedings under 21 U.S.C. § 335a, disqualified under FDA investigator disqualification
proceedings, subject to FDA’s Application Integrity Policy, or subject to any enforcement proceeding arising from material false statements to FDA pursuant to 18 U.S.C. § 1001; or (v) made a party to any other action by any
Governmental Authority that may prohibit it from selling products or providing services to any governmental or other purchaser pursuant to any federal, state or local laws or regulations. 

(f) HIPAA Representation. Each Loan Party and each of their respective Subsidiaries is, and at all times during the four calendar years
immediately preceding the Closing Date has been, in compliance in all material respects with HIPAA and state data privacy and security laws related to individually identifiable health information. No Loan Party and none of their respective
Subsidiaries has received written notice of, and there is no action at law or in equity or, to the Loan Party’s knowledge, inquiry or investigation pending or threatened with respect to any alleged “breach” (as defined in HIPAA) by a
Loan Party or any of their respective Subsidiaries or their respective “workforce” (as defined in HIPAA), except where such action, inquiry, or investigation could not reasonably be expected to result in Material Healthcare Liabilities. No
“breach” by a Loan Party or any of their respective Subsidiaries or their respective “workforce” or successful “security incident” (as defined in HIPAA) has occurred with respect to “protected health
information” (as defined in HIPAA) in the possession or under the control of a Loan Party or any of their respective Subsidiaries during the four calendar years immediately preceding the Closing Date. Each Loan Party and each of their
respective Subsidiaries have conducted a risk analysis as required by HIPAA and has implemented appropriate corrective action to address all material vulnerabilities identified through such analysis. Each Loan Party and each of their respective
Subsidiaries has a written, signed and HIPAA-compliant business associate agreement, when required by HIPAA, with each Person that is a “covered entity” or “business associate” (as such terms are defined in HIPAA), and have
materially complied with such agreements. Each Loan Party and each of their respective Subsidiaries has maintained a compliance program, including written policies and procedures that address the HIPAA compliance efforts of each Loan Party and each
of their respective Subsidiaries. 
 (g) Corporate Integrity Agreement. None of the Loan Parties or their Subsidiaries or, to the
knowledge of any Loan Party, any of their respective owners, officers, directors, partners, managing employees or Persons with a “direct or indirect ownership or control interest” (as that phrase is used in 42 C.F.R. §1001.1001) in
any Loan Party or any of its Subsidiaries is a party to, or bound by, any order, individual integrity agreement, corporate integrity agreement, corporate compliance agreement, deferred prosecution agreement, or other formal or informal agreement
with any Governmental Authority concerning non-compliance with Health Care Laws. 
 (h)
Proceedings; Audits. There currently exist no restrictions, deficiencies, required plans of correction or other remedial measures with respect to any Regulatory Permit of any Loan Party or any Subsidiary of any Loan Party, in each case except
as would not reasonably be expected to result in Material Healthcare Liabilities. Without limiting the foregoing, other than audits and reviews conducted 

  
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in the ordinary course of business, no material review, program integrity review, audit or other investigation related to any Loan Party or any Subsidiary of any Loan Party or their respective
operations, or the consummation of the transactions contemplated in the Loan Documents or related to the Collateral (i) has been conducted by or on behalf of any Governmental Authority, or (ii) is scheduled by, pending with or, to the
knowledge of any Loan Party, threatened by a Governmental Authority. 
 4.30 Anti-Corruption Laws. Each of the Borrower and its
Subsidiaries are in compliance, in all material respects, with the USA Patriot Act. No part of the proceeds from the Credit Extensions made hereunder has been (or will be) used, directly or indirectly, for any payments to any governmental official
or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United
States Foreign Corrupt Practices Act of 1977, as amended, or other applicable Requirement of Law applicable to Loan Parties or their Subsidiaries from time to time concerning or relating to bribery or corruption (collectively
“Anti-Corruption Laws”), and each Loan Party and each of its Subsidiaries, directors and officers and to the knowledge of Borrowers, any employees and agents of such Loan Party or Subsidiary are in compliance in all material
respects, with Anti-Corruption Laws. 
 SECTION V 

CONDITIONS PRECEDENT 
 5.1
Conditions to Initial Extension of Credit. The effectiveness of this Agreement and the obligation of each Lender to make its initial extension of credit hereunder shall be subject to the satisfaction or waiver, prior to or concurrently with
the making of such extension of credit on the Closing Date, of the following conditions precedent: 
 (a) Loan Documents. The
Administrative Agent shall have received each of the following, each of which shall be in form and substance reasonably satisfactory to the Administrative Agent: 

(i) this Agreement, executed and delivered by the Administrative Agent, the Borrower and each Lender listed on Schedule 1.1A; 

(ii) the Collateral Information Certificate, executed by a Responsible Officer; 

(iii) if required by any Term Lender, a Term Loan Note executed by the Borrower in favor of such Term Lender; 

(iv) the Guarantee and Collateral Agreement, executed and delivered by each grantor named therein; 

(v) each Intellectual Property Security Agreement, executed by the applicable grantor related thereto; 

(vi) each other Security Document, executed and delivered by the applicable Loan Party party thereto; 

(vii) a completed Debit Authorization and Credit Authorization, in each case, duly executed by the Borrower; and 

  
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 (viii) the Flow of Funds Agreement, executed by the Borrower. 

(b) Pro Forma Financial Statements; Financial Statements; Projections The Lenders shall have received (i) the Pro Forma Financial
Statements and (ii) other financial statements described in Section 4.1. 
 (c) Approvals. All
Governmental Approvals and consents and approvals of, or notices to, any other Person (including the holders of any Capital Stock issued by any Loan Party) required in connection with the execution and performance of the Loan Documents, the
continuing operations of the Group Members, shall have been obtained and be in full force and effect, and all applicable waiting periods shall have expired without any action being taken or threatened by any competent authority that could reasonably
be expected to restrain, prevent or otherwise impose burdensome conditions on the financing contemplated hereby. 
 (d) Secretary’s
or Managing Member’s Certificates; Certified Operating Documents; Good Standing Certificates. The Administrative Agent shall have received (i) a certificate of each Loan Party, dated the Closing Date and executed by the secretary,
managing member, member of the managing board, or equivalent officer of such Loan Party, substantially in the form of Exhibit C, with appropriate insertions and attachments, including (A) the Operating Documents of such Loan Party,
(B) the relevant board resolutions or written consents of such Loan Party adopted by such Loan Party for the purposes of authorizing such Loan Party to enter into and perform the Loan Documents to which such Loan Party is party, (C) the
names, titles, incumbency and signature specimens of those representatives of such Loan Party who have been authorized by such resolutions and/or written consents to execute Loan Documents on behalf of such Loan Party and (ii) a long form good
standing certificate for each Loan Party (other than the Dutch Subsidiaries) from its respective jurisdiction of organization and in respect of the Dutch Subsidiary and (D) a copy of an extract of the Dutch Subsidiary from the Dutch Chamber of
Commerce dated a date reasonably close to the Closing Date. 
 (e) Dutch Subsidiary. In respect of each Dutch Subsidiary: (i) a
copy of a resolution of its board of directors (if any) approving its execution and the terms of, and the transactions contemplated by, the Loan Documents to which it is a party, (ii) if required by law or its constitutional documents, a copy
of a resolution of its general meeting of shareholders approving its execution and the terms of, and the transactions contemplated by, the Loan Documents to which it is a party and (iii) if it is required by law or any arrangement binding on it
to obtain works council advice in respect of its or any other person’s entry into the Loan Documents, a copy of a positive advice from its (central) works council. 

(f) Responsible Officer’s Certificates. 

(i) The Administrative Agent shall have received a certificate signed by a Responsible Officer, in form and substance reasonably satisfactory
to it, stating that there are no consents, licenses and approvals required in connection with the execution, delivery and performance by such Loan Party and the validity against such Loan Party of the Loan Documents to which it is party. 

(ii) The Administrative Agent shall have received a certificate signed by a Responsible Officer, dated as of the Closing Date and in form and
substance reasonably satisfactory to it, certifying (A) each of the representations and warranties made by each Loan Party in or pursuant to any Loan Document (i) that is qualified by materiality shall be true and correct, and
(ii) that is not qualified by materiality, shall be true and correct in all material respects, in each case, on and as of the Closing Date, except to the extent any such representation and warranty expressly relates to an earlier date, in which
case such representation and warranty shall have been true and correct in all material respects (or all 

  
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respects, as applicable) as of such earlier date, (B) no Default or Event of Default shall have occurred and be continuing as of the Closing Date or after giving effect to the extensions of
credit requested to be made on the Closing Date, and (C) that there has been no event or circumstance since December 31, 2021, that has had or that could reasonably be expected to have, either individually or in the aggregate, a Material
Adverse Effect. 
 (g) Patriot Act, etc. The Administrative Agent and each Lender shall have received, prior to the Closing Date, all
documentation and other information requested to comply with applicable “know your customer”, beneficial ownership, and anti-money-laundering rules and regulations, including the Patriot Act, and a properly completed and signed IRS Form W-8 or W-9, as applicable, for each Loan Party. 
 (h)
[Reserved]. 
 (i) Existing Credit Facility, Etc. (A) The Borrower shall have provided notice to the Existing Lender (in
accordance with the terms of the Existing Credit Facility) of its intent to pay all obligations of the Group Members outstanding under the Existing Credit Facility on the Closing Date, (B) the Administrative Agent shall have received the Payoff
Letter executed by the Existing Lender and the Borrower, (C) all obligations of the Group Members in respect of the Existing Credit Facility shall, substantially contemporaneously with the funding of certain Loan proceeds on the Closing Date
directly to the Existing Lender as contemplated by Sections 2.2 and 2.5 and the Flow of Funds Agreement, have been paid in full, (D) the Administrative Agent shall be satisfied that all actions necessary to terminate the agreements evidencing
the obligations of the Group Members in respect of the Existing Credit Facility and the Liens of the Existing Lender in the assets of the Group Members securing obligations under the Existing Credit Facility shall have been, or substantially
contemporaneously with the Closing Date, shall be, taken, and (E) the Administrative Agent shall have received such other documents and information related to the Existing Credit Facility and the refinancing thereof as it may request. 

(j) Collateral Matters. 

(i) Lien Searches. The Administrative Agent shall have received the results of recent lien, judgment and litigation searches
reasonably required by the Administrative Agent, and such searches shall reveal no liens on any of the assets of the Loan Parties except for Liens permitted by Section 7.3 or Liens to be discharged on or prior to the
Closing Date pursuant to the documentation satisfactory to the Administrative Agent. 
 (ii) Pledged Stock. The Administrative Agent
shall have received electronic scans of the certificates representing the shares of Capital Stock, if any, pledged to the Administrative Agent (for the benefit of the Secured Parties) pursuant to the Guarantee and Collateral Agreement, together with
an undated stock power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof. 
 (iii)
Filings, Registrations, Recordings, Agreements, Etc. Except as set forth in Section 5.3, each document (including the Uniform Commercial Code financing statements, Intellectual Property Security Agreements and the
Deposit Account Control Agreement entered into by the Borrower and the Administrative Agent in relation to the accounts maintained by CIBC or CIBC’s Affiliates) each as required for the perfection of security interests by the Security Documents
or under law to be filed, registered or recorded to create in favor of the Administrative Agent (for the benefit of the Secured Parties), a perfected Lien on the Collateral described therein, prior and superior in right and priority to any Lien in
the Collateral held by any other Person (other than with respect to Liens expressly permitted by Section 7.3), shall have been executed and delivered to the Administrative Agent or, as applicable, be in proper form for
filing, registration or recordation. 

  
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 (k) Insurance. The Administrative Agent shall have received insurance certificates
satisfying the requirements of Section 6.5 hereof and Section 5.2(b) of the Guarantee and Collateral Agreement, in form and substance satisfactory to the Administrative Agent. 

(l) Fees. The Lenders and the Administrative Agent shall have received all fees required to be paid on or prior to the Closing Date
(including pursuant to the Fee Letter), and all reasonable and documented fees and expenses for which invoices have been presented (including the reasonable and documented fees and expenses of legal counsel to the Administrative Agent) for payment
at least one (1) Business Day before the Closing Date. All such amounts will be paid with proceeds of Loans made on the Closing Date and will be reflected in the Flow of Funds Agreement. 

(m) Legal Opinions. The Administrative Agent shall have received a customary written opinion of Ropes & Gray LLP, in its
capacity as counsel for the Loan Parties, in form and substance reasonably satisfactory to the Administrative Agent. 
 (n) Minimum
Cash. The Administrative Agent shall have received evidence reasonably satisfactory to the Administrative Agent that the Borrower maintains at least Forty Million Dollars ($40,000,000) of cash and/or Cash Equivalents in its existing Deposit
Accounts (including accounts maintained with CIBC or CIBC’s Affiliates) as of the Closing Date (the “Closing Date Minimum Cash”). For the avoidance of doubt, the aggregate amount of the Term Loans proceeds made available
to the Borrower on the Closing Date is included for the purposes of calculating the Closing Date Minimum Cash. 
 (o) Minimum Total Net
Revenue. The Administrative Agent shall have received evidence reasonably satisfactory to the Administrative Agent that the Borrower has achieved Total Net Revenue of at least Eighteen Million Dollars ($18,000,000) for the second fiscal quarter
of 2022, i.e., from April 1, 2022 to June 30, 2022. 
 (p) Borrowing Notices. The Administrative Agent shall have received,
in respect of the Term Loan to be made on the Closing Date, a completed Notice of Borrowing executed by the Borrower and otherwise complying with the requirements of Section 2.2. 

(q) Solvency Certificate. The Administrative Agent shall have received a Solvency Certificate from the chief financial officer or
treasurer the Borrower. 
 (r) No Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental
Authority is pending or, to the knowledge of any Group Member, threatened, that could reasonably be expected to have a Material Adverse Effect. 

For purposes of determining compliance with the conditions specified in this Section 5.1, each Lender that has
executed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter either sent (or made available) by the Administrative Agent to such Lender for consent, approval, acceptance or
satisfaction, or required thereunder to be consented to or approved by or acceptable or satisfactory to such Lender, unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have
received notice from such Lender prior to the Closing Date specifying such Lender’s objection thereto and either such objection shall not have been withdrawn by notice to the Administrative Agent to that effect on or prior to the Closing Date
or, if any extension of credit on the Closing Date has been requested, such Lender shall not have made available to the Administrative Agent on or prior to the Closing Date such Lender’s Term Percentage of such requested extension of credit.

  
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 5.2 Post-Closing Conditions Subsequent. The Borrower shall satisfy each of the
conditions subsequent to the Closing Date specified in this Section 5.2 to the satisfaction of the Administrative Agent, in each case, by no later than the date specified for such condition below (or such later date as the
Administrative Agent shall agree in its sole discretion): 
 (a) The physical certificated Capital Stock constituting Collateral shall be
delivered as promptly as practicable to the Administrative Agent after the Closing Date and in any event within ten (10) Business Days after the Closing Date (or such later date as the Administrative Agent may reasonably agree). 

(b) Within thirty (30) days of the Closing Date (or such later date as the Administrative Agent may reasonably agree), the Administrative
Agent shall have received each of the following (i) duly executed Dutch Security Documents and (ii) a customary written opinion of NautaDutilh, in its capacity as Dutch counsel for the Loan Parties, in each case, in form and substance
reasonably satisfactory to the Administrative Agent. 
 (c) Within thirty (30) days of the Closing Date (or such later date as the
Administrative Agent may reasonably agree), the Administrative Agent shall have received evidence, in form and substance reasonably satisfactory to the Administrative Agent, that the UCC-1 financing statement
filed against TransMedics, Inc., by Cardinal Health 108 LLC, with the Secretary of the Commonwealth of the Commonwealth of Massachusetts, has been terminated or amended to limit the collateral description to the assets financed with Cardinal Health
108 LLC. 
 (d) Within sixty (60) days after the Closing Date (or such later date as the Administrative Agent may reasonably agree),
enter into Control Agreements (other with respect to an Excluded Account) located in the United States. 
 (e) Within fifteen (15) days
of the Closing Date (or such later date as the Administrative Agent may reasonably agree), the Borrower shall cause all of the Borrower’s and each Subsidiary’s cash and/or Cash Equivalents maintained in their existing depository and
securities accounts in the United States and Canada (other than Excluded Accounts) to be transferred to accounts maintained with CIBC or CIBC’s Affiliates. 

SECTION VI 
 AFFIRMATIVE
COVENANTS 
 The Borrower hereby agrees that, at all times prior to the Discharge of Obligations, the Borrower shall, and, where
applicable, shall cause each of its Subsidiaries to: 
 6.1 Financial Statements. Furnish to the Administrative Agent, with
sufficient copies for distribution to each Lender: 
 (a) commencing with the fiscal year ending December 31, 2022, within one-hundred and twenty (120) days after the end of each fiscal year of the Borrower, a copy of the audited consolidated balance sheet of the Borrower and its consolidated Subsidiaries as at the end of such
fiscal year and the related audited consolidated statements of income and of cash flows for such fiscal year, setting forth in each case, in comparative form the figures for the previous year, reported on without a “going concern” or like
qualification or exception (other than any such exception or qualification that is with respect to, or 

  
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resulting from, an upcoming maturity date under the Facility or other Indebtedness within 12 months of the date of the relevant audit) or qualification or exception arising out of the scope of
the audit, by independent certified public accountants of nationally recognized standing (or that is otherwise reasonably acceptable to the Administrative Agent); 

(b) commencing with the fiscal month ending July 31, 2022, within 30 days after the end of each calendar month (other than the last
calendar month of a fiscal quarter), occurring during each fiscal year of the Borrower, the unaudited consolidated balance sheet of the Borrower and its consolidated Subsidiaries as at the end of such calendar month and the related unaudited
consolidated statement of income for such calendar month and the portion of the fiscal year through the end of such calendar month, setting forth in each case in comparative form the figures for the previous year and against the Projections,
certified by a Responsible Officer as being fairly stated in all material respects (subject to normal year-end audit adjustments); and 

(c) commencing with the fiscal quarter ended September 30, 2022, within forty-five (45) days after the end of each fiscal quarter of
the Borrower, the unaudited consolidated balance sheet of the Borrower and its consolidated Subsidiaries as at the end of such fiscal quarter and the related unaudited consolidated statements of income and of cash flows for such fiscal quarter and
the portion of the fiscal year through the end of such fiscal quarter, setting forth in each case, in comparative form the figures for the previous year, certified by a Responsible Officer as being fairly stated in all material respects (subject to
normal year-end audit adjustments). 
 All such financial statements shall be complete and correct in all material
respects, in reasonable detail and in accordance with GAAP applied (except as approved by such accountants or officer, as the case may be, and disclosed in reasonable detail therein) consistently throughout the periods reflected therein and with
prior periods (other than as required to comply with GAAP or as a result of a change in the interpretation of GAAP as approved by the Borrower’s independent public accounts), subject in the case of the unaudited financial statements to normal year-end audit adjustments and absence of footnotes, and (y) be delivered within the time frames required by the applicable clause of this Section 6.1 (or such later date as reasonably agreed to be the
Administrative Agent). 
 Additionally, documents required to be delivered pursuant to this Section 6.1 and
Section 6.2(e) may be delivered electronically and if so, shall be deemed to have been delivered on the date on which the Borrower posts such documents, or provides a link thereto, either: (i) on the Borrower’s
website on the Internet at the website address listed in Section 10.2 or the SEC’s website; or (ii) when such documents are posted electronically on the Borrower’s behalf on an Internet or Intranet website to
which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent), if any; provided that: (A) the Borrower shall deliver paper copies of such documents
to the Administrative Agent or any Lender upon its request to the Borrower to deliver such paper copies until written request to cease delivering paper copies is given by the Administrative Agent or such Lender; and (B) the Borrower shall
notify (which may be by facsimile or electronic mail) the Administrative Agent and each Lender of the posting of any such documents and provide to the Administrative Agent by email electronic versions (i.e. soft copies) of such documents. The
Administrative Agent shall have no obligation to request the delivery of or to maintain paper copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Borrower with any such request by a
Lender for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 

  
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 6.2 Certificates; Reports; Other Information. Furnish to the Administrative Agent,
for distribution to each Lender: 
 (a) [reserved]; 

(b) concurrently with the delivery of any financial statements pursuant to Section 6.1, (i) a certificate of
a Responsible Officer stating that, such Responsible Officer has obtained no knowledge of any Default or Event of Default except as specified in such certificate and (ii) in the case of monthly or quarterly financial statements, a Compliance
Certificate containing all information and calculations necessary for determining compliance with Sections 7.1(a) and 7.1(b) by each Group Member with the provisions of this Agreement referred to therein as of the last day of the
applicable calendar month of the Borrower, and (iii) in conjunction with the delivery of the quarterly financial statements, to the extent not previously disclosed to the Administrative Agent, a description of any change in the jurisdiction of
organization of any Loan Party and a list of any newly acquired registrations of or applications for registrations for Intellectual Property constituting Collateral with the United States Patent and Trademark Office or the United States Copyright
office by any Loan Party (other than any registration that is then subject to an Intellectual Property Security Agreement (or supplement thereto)) during the applicable calendar quarter since the date of the most recent report delivered pursuant to
this clause (iii) (or, in the case of the first such report so delivered, since the Closing Date); 
 (c) commencing with Projections for
the fiscal year ending December 31, 2023, no later than 90 days after the end of each fiscal year of the Borrower, a detailed board-approved consolidated budget for the following fiscal year (including a projected consolidated balance sheet of
the Borrower and its Subsidiaries as of the end of each calendar month of such fiscal year, the related consolidated statements of projected cash flow, projected changes in financial position and projected income and a description of the underlying
assumptions applicable thereto), and, as soon as available, material revisions, if any, of such budget and projections with respect to such fiscal year (collectively, the “Projections”), which Projections shall in each
case be accompanied by a certificate of a Responsible Officer stating that such Projections have been prepared in good faith based upon assumptions believed by the Borrower to be reasonable as of the date thereof (it being understood that such
Projections are as to future events and are not to be viewed as facts, such Projections are subject to significant uncertainties and contingencies and that actual results during the period or periods covered by any such Projections may differ
significantly from the projected results, and that no assurance can be given that the projected results will be realized); 
 (d) promptly,
and in any event within five (5) Business Days after receipt thereof by any Loan Party or any Subsidiary thereof, copies of each notice or other correspondence received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning any investigation or other inquiry by such agency regarding financial or other operational results of any Loan Party or any Subsidiary thereof (other than routine comment letters
from the staff of the SEC relating to the Borrower’s filings with the SEC); 
 (e) within five (5) days after the same are sent,
copies of each annual report, proxy or financial statement or other material report that the Borrower sends to the holders of any class of the Borrower’s Indebtedness or public equity securities and, within five (5) days after the same are
filed, copies of all annual, regular, periodic and special reports and registration statements which the Borrower may file with the SEC under Section 13 or 15(d) of the Exchange Act, or with any national securities exchange, and not otherwise
required to be delivered to the Administrative Agent pursuant hereto; 
 (f) upon request by the Administrative Agent, within five
(5) days after the same are sent or received, copies of all correspondence, reports, documents and other filings with any Governmental Authority regarding compliance with or maintenance of Governmental Approvals or Requirements of Law or that
could reasonably be expected to have a Material Adverse Effect on any of the Governmental Approvals or otherwise on the operations of the Group Members; 

  
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 (g) commencing on the fiscal month ending July 31, 2022, not later than 30 days after
the end of each calendar month, a schedule of bank accounts and cash balances with respect to each account of a Loan Party maintained outside of the Administrative Agent or its Affiliates (or certification of no change); 

(h) [reserved]; 
 (i)
contemporaneously with delivery to the members of Borrower’s Board of Directors, copies of the executive summary that the Borrower provides to its Board of Directors, including any details with respect to Borrower’s operations or
performance; provided, however, the foregoing may be subject to such exclusions and redactions as Borrower deems reasonably necessary, in the exercise of its good faith judgment, in order to (i) preserve the confidentiality of highly sensitive
proprietary information, (ii) avoid a conflict of interest, or (iii) prevent impairment of the attorney client privilege with respect to this Agreement, the other Loan Documents or the transactions contemplated thereby or pending or
threatened litigation; and 
 (j) promptly, such additional financial and other information as the Administrative Agent may from time to
time reasonably request. 
 Each item required to be furnished pursuant to each clause of this Section 6.2 shall
be delivered within the time frames required by the applicable clause of this Section 6.2 (or such later date as reasonably agreed to be the Administrative Agent). 

6.3 Payment of Obligations. Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may
be, all its material obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on
the books of the relevant Group Member. 
 6.4 Maintenance of Existence; Compliance. (a)(i) Preserve, renew and keep in full force
and effect its organizational existence and (ii) take all reasonable action to maintain or obtain all Governmental Approvals and all other rights, privileges and franchises necessary or desirable in the normal conduct of its business or
necessary for the performance by such Person of its Obligations under any Loan Document, except, in each case, as otherwise permitted by Section 7.4 and except, in the case of clause (ii) above, to the extent that
failure to do so could not reasonably be expected to have a Material Adverse Effect; (b) comply with all Contractual Obligations (including with respect to leasehold interests of the Borrower) and Requirements of Law except to the extent that
failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect; and (c) comply with all Governmental Approvals, and any term, condition, rule, filing or fee obligation, or other requirement
related thereto, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. Without limiting the generality of the foregoing, the Borrower shall, and shall cause each of its ERISA Affiliates to, to
the extent non-compliance could reasonably be expected to have a Material Adverse Effect: (1) maintain each Plan in compliance in all material respects with the applicable provisions of ERISA, the Code or
other Federal or state law; (2) cause each Qualified Plan to maintain its qualified status under Section 401(a) of the Code; (3) make all required contributions to any Plan; (4) not become a party to any Multiemployer Plan;
(5) ensure that all liabilities under each Plan are either (x) funded to at least the minimum level required by law or, if higher, to the level required by the terms governing such Plan; (y) insured with a reputable insurance company;
or (z) provided for or recognized in the financial statements most recently delivered to the Administrative Agent and the Lenders pursuant hereto; and (6) ensure that the contributions or premium payments to or in respect of each Plan are
and continue to be promptly paid at no less than the rates required under the rules of such Plan and in accordance with the most recent actuarial advice received in relation to such Plan and applicable law. 

  
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 6.5 Maintenance of Property; Insurance. (a) Keep all property useful and
necessary in its business in good working order and condition, ordinary wear and tear excepted and (b) maintain with financially sound and reputable insurance companies insurance on all its property in at least such amounts and against at least
such risks (but including in any event public liability, product liability and business interruption) as are usually insured against in the same general area by companies engaged in the same or a similar business. 

6.6 Inspection of Property; Books and Records; Discussions. (a) Keep proper books of records and account in which full, true and
correct entries in conformity with GAAP in all material respects and all Requirements of Law shall be made of all dealings and transactions in relation to its business and activities and (b) permit representatives and independent contractors of
the Administrative Agent and any Lender to visit and inspect any of its properties and examine and make abstracts from any of its books and records at any reasonable time and as often as may reasonably be desired and to discuss the business,
operations, properties and financial and other condition of the Group Members with officers, directors and employees of the Group Members and with their independent certified public accountants; provided, that so long as no Event of Default has
occurred and is continuing, the Borrower shall only be required to reimburse the Administrative Agent for one (1) such inspection during any calendar year. The Administrative Agent and the Lenders shall give the Borrower the opportunity to
participate in any discussions with the Borrower’s accountants. 
 6.7 Notices. Give prompt written notice to the Administrative
Agent of: 
 (a) the occurrence of any Default or Event of Default; 

(b) any (i) default or event of default under any Contractual Obligation of any Group Member or (ii) litigation, investigation or
proceeding that may exist at any time between any Group Member and any Governmental Authority, that could reasonably be expected to have a Material Adverse Effect; 

(c) any litigation or proceeding affecting any Group Member (i) in which the amount involved is $500,000 or more and not covered by
insurance, (ii) in which injunctive or similar relief is sought against any Group Member, (iii) which relates to any Loan Document or (iv) which alleges potential or actual violations of any material Health Care Law by any Loan Party
or any Subsidiary of any Loan Party which would result in a Material Healthcare Liability, 
 (d) (i) promptly after the Borrower has
knowledge or becomes aware of the occurrence of any of the following ERISA Events affecting the Borrower or any ERISA Affiliate (but in no event more than ten days after such event), the occurrence of any of the following ERISA Events that could
reasonably be expected to result in liability in excess of $500,000, and shall provide the Administrative Agent with a copy of any notice with respect to such event that may be required to be filed with a Governmental Authority and any notice
delivered by a Governmental Authority to the Borrower or any ERISA Affiliate with respect to such event: (A) an ERISA Event, (B) the adoption of any new Pension Plan by the Borrower or any ERISA Affiliate, (C) the adoption of any
amendment to a Pension Plan, if such amendment will result in a material increase in benefits or unfunded benefit liabilities (as defined in Section 4001(a)(18) of ERISA), or (D) the commencement of contributions by the Borrower or any
ERISA Affiliate to any Plan that is subject to Title IV of ERISA or Section 412 of the Code; and 

  
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 (ii) (A) promptly after the giving, sending or filing thereof, or the receipt thereof,
copies of (1) each Schedule B (Actuarial Information) to the annual report (Form 5500 Series) filed by the Borrower or any of its ERISA Affiliates with the IRS with respect to each Pension Plan, (2) all notices received by the Borrower or
any of its ERISA Affiliates from a Multiemployer Plan sponsor concerning an ERISA Event, and (3) copies of such other documents or governmental reports or filings relating to any Plan as the Administrative Agent shall reasonably request; and
(B), without limiting the generality of the foregoing, such certifications or other evidence of compliance with the provisions of Sections 4.13 and 7.9 as any Lender (through the Administrative Agent) may from time to time reasonably
request; 
 (e) any changes to the beneficial ownership information set forth in the Collateral Information Certificate. The Loan Parties
understand and acknowledge that the Secured Parties rely on such true, accurate and up-to-date beneficial ownership information to meet their regulatory obligations to
obtain, verify and record information about the beneficial owners of their legal entity customers; and 
 (f) any development or event that
has had or could reasonably be expected to have a Material Adverse Effect. 
 Each notice pursuant to this
Section 6.7 shall be accompanied by a statement of a Responsible Officer setting forth details of the occurrence referred to therein and stating what action the relevant Group Member proposes to take with respect thereto.

 6.8 Environmental Laws. 

(a) Comply in all material respects with, and ensure compliance in all material respects by all tenants and subtenants, if any, with, all
applicable Environmental Laws, and obtain and comply in all material respects with and maintain, and ensure that all tenants and subtenants obtain and comply in all material respects with and maintain, any and all licenses, approvals, notifications,
registrations or permits required by applicable Environmental Laws. 
 (b) Conduct and complete all investigations, studies, sampling and
testing, and all remedial, removal and other actions required under Environmental Laws and promptly comply in all material respects with all lawful orders and directives of all Governmental Authorities regarding Environmental Laws. 

6.9 Operating Accounts. Within sixty (60) days after the Closing Date (or such later date as reasonably agreed by the
Administrative Agent), maintain the Borrower’s and their Subsidiaries’ depository and operating accounts and securities accounts (other than Excluded Accounts) located in the United States and Canada with CIBC or with CIBC’s
Affiliates. 
 6.10 Audits. At reasonable times, on reasonable advance notice (provided that no notice is required if an Event
of Default has occurred and is continuing), the Administrative Agent, or its agents, shall have the right to inspect the Collateral and the right to audit and copy any and all of any Loan Party’s books and records including ledgers, federal and
state tax returns, records regarding assets or liabilities, the Collateral, business operations or financial condition, and all computer programs or storage or any equipment containing such information. The foregoing inspections and audits shall be
at the Borrower’s expense, and the charge therefor shall be the Administrative Agent’s then-current standard charge for the same), plus reasonable
out-of-pocket expenses. Such inspections and audits shall not be undertaken more frequently than once per year, unless an Event of Default has occurred and is
continuing. 

  
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 6.11 Additional Collateral, Etc. 

(a) With respect to any property (to the extent included in the definition of Collateral) acquired after the Closing Date by any Loan Party
(other than (x) any property described in paragraph (b), (c) or (d) below, and (y) any property subject to a Lien expressly permitted by Section 7.3(g)) as to which the Administrative Agent, for the benefit
of the Secured Parties, does not have a perfected Lien, promptly (and in any event within thirty (30) days or such longer period as the Administrative Agent shall agree in its sole discretion) (i) execute and deliver to the Administrative
Agent such amendments to the Guarantee and Collateral Agreement or such other documents as the Administrative Agent deems necessary or advisable to evidence that such Loan Party is a Guarantor and to grant to the Administrative Agent, for the
ratable benefit of the Secured Parties, a security interest in such property and (ii) take all actions necessary or advisable in the opinion of the Administrative Agent to grant to the Administrative Agent, for the ratable benefit of the
Secured Parties, a perfected first priority (except as expressly permitted by Section 7.3) security interest and Lien in such property, including the filing of Uniform Commercial Code financing statements in such
jurisdictions as may be required by the Guarantee and Collateral Agreement or by law or as may be requested by the Administrative Agent. 

(b) With respect to any fee interest in any real property having a value (together with improvements thereof) of at least $500,000 acquired
after the Closing Date by any Loan Party (other than any such real property subject to a Lien expressly permitted by Section 7.3(g)), promptly (and in any event within sixty (60) days (or such longer time period as the
Administrative Agent may agree in its sole discretion)) after such acquisition, to the extent requested by the Administrative Agent, (i) execute and deliver a first priority Mortgage, in favor of the Administrative Agent, for the ratable
benefit of the Secured Parties, covering such real property, (ii) if requested by the Administrative Agent, provide the Lenders with title and extended coverage insurance covering such real property in an amount not in excess of the fair market
value as reasonably estimated by the Borrower as well as a current ALTA survey thereof, together with a surveyor’s certificate, each of the foregoing in form and substance reasonably satisfactory to the Administrative Agent and (iii) if
requested by the Administrative Agent, deliver to the Administrative Agent legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent.
In connection with the foregoing, no later than five (5) Business Days prior to the date on which a Mortgage is executed and delivered pursuant to this Section 6.11, in order to comply with any applicable laws, the
Administrative Agent (for delivery to each Lender) shall have received the following documents (collectively, the “Flood Documents”): (A) a completed standard “life of loan” flood hazard determination form (a
“Flood Determination Form”) and such other documents as any Lender may reasonably request to complete its flood due diligence, (B) if the improvement(s) to the applicable improved real
property is located in a special flood hazard area, a notification to the applicable Loan Party (if applicable) (“Loan Party Notice”) that flood insurance coverage under the National Flood Insurance Program
(“NFIP”) is not available because the community does not participate in the NFIP, (C) documentation evidencing the applicable Loan Party’s receipt of any such Loan Party Notice (e.g., countersigned Loan Party
Notice, return receipt of certified U.S. Mail, or overnight delivery), and (D) if the Loan Party Notice is required to be given and, to the extent flood insurance is required by any applicable Requirement of Law or any Lenders’ written
regulatory or compliance procedures and flood insurance is available in the community in which the property is located, a copy of one of the following: the flood insurance policy, the applicable Loan Party’s application for a flood insurance
policy plus proof of premium payment, a declaration page confirming that flood insurance has been issued, or such other evidence of flood insurance that complies with all applicable laws and regulations reasonably satisfactory to the Administrative
Agent and each Lender (any of the foregoing being “Evidence of Flood Insurance”). Notwithstanding anything contained herein to the contrary, no Mortgage will be executed and delivered until each Lender has confirmed to
the Administrative Agent that such Lender has satisfactorily completed its flood insurance due diligence and compliance requirements. 

  
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 (c) With respect to any new direct or indirect Subsidiary (other than an Excluded
Subsidiary) created or acquired after the Closing Date by any Loan Party, or any new Subsidiary (other than an Excluded Subsidiary) formed by Division, within thirty (30) days of such acquisition or formation (i) execute and deliver to the
Administrative Agent such amendments to the Guarantee and Collateral Agreement as the Administrative Agent deems necessary or advisable to grant to the Administrative Agent, for the ratable benefit of the Secured Parties, a perfected first priority
security interest in the Capital Stock of such Subsidiary that is owned directly by such Loan Party, (ii) deliver to the Administrative Agent such documents and instruments as may be required to grant, perfect, protect and ensure the priority
of such security interest, including but not limited to, the certificates representing such Capital Stock, together with undated stock powers, in blank, executed and delivered by a duly authorized officer of the relevant Loan Party, (iii) cause
such Subsidiary (A) to become a party to the Guarantee and Collateral Agreement, (B) to take such actions as are necessary or advisable in the opinion of the Administrative Agent to grant to the Administrative Agent for the benefit of the
Secured Parties a perfected first priority security interest in the Collateral described in the Guarantee and Collateral Agreement, with respect to such Subsidiary, including the filing of Uniform Commercial Code financing statements in such
jurisdictions as may be required by the Guarantee and Collateral Agreement or by law or as may be requested by the Administrative Agent and (C) to deliver to the Administrative Agent a certificate of the secretary or other appropriate officer
of such Subsidiary, in a form reasonably satisfactory to the Administrative Agent, with appropriate insertions and attachments, and (iv) if requested by the Administrative Agent, deliver to the Administrative Agent legal opinions relating to
the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent; it being agreed that if such Subsidiary is formed by a Division, the foregoing requirements shall be
satisfied substantially concurrently with the formation of such Subsidiary. 
 (d) Each Loan Party shall use commercially reasonable efforts
to obtain a landlord access agreement or bailee letter, as applicable, from the lessor of the Borrower’s chief executive office and each leased property or bailee with respect to any warehouse, processor or converter facility or other location
where Collateral with a fair market value in excess of $500,000 is stored or located, which agreement or letter shall contain a waiver or subordination of all Liens or claims that the landlord or bailee may assert against the Collateral at that
location, and shall otherwise be reasonably satisfactory in form and substance to the Administrative Agent. 
 6.12 Use of Proceeds.
Use the proceeds of each credit extension only for the purposes specified in Section 4.16. 
 6.13 Designated
Senior Indebtedness. Cause the Loan Documents and all of the Obligations to be deemed “Designated Senior Indebtedness” or a similar concept thereto, if applicable, for purposes of any Indebtedness of the Loan Parties. 

6.14 Anti-Corruption Laws. Conduct its business in compliance with all applicable Anti-Corruption Laws and maintain policies and
procedures designated to promote and achieve compliance with such laws. 
 6.15 Litigation Cooperation. Make available to the
Administrative Agent, without expense to the Administrative Agent, its officers, employees and agents and each Loan Party’s books and records, to the extent the Administrative Agent deems reasonably necessary to prosecute or defend any
third-party suit or proceeding instituted by or against the Administrative Agent or the Lenders with respect to any Collateral or relating to such Loan Party. 

  
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 6.16 Further Assurances. Execute any further instruments and take such further action
as the Administrative Agent reasonably deems necessary to perfect, protect, ensure the priority of or continue the Administrative Agent’s Lien on the Collateral or to effect the purposes of this Agreement. 

6.17 Regulatory Matters. 

(a) Without limiting or qualifying Section 6.4(c) hereof, or any other provision of this Agreement, each Loan Party
and each of their respective Subsidiaries will comply in all material respects with all applicable Health Care Laws relating to the operation of such Person’s business, except where failure to comply with applicable Health Care Laws could not
reasonably be expected to result in Material Healthcare Liabilities. 
 (b) Each Loan Party and each of their respective Subsidiaries shall
(i) obtain, maintain and preserve, and cause each of its Subsidiaries to obtain, maintain and preserve, and take all necessary action to timely renew, all material Regulatory Permits (which are necessary in the proper conduct of its business);
and (ii) keep and maintain all records that are required to be maintained by any Governmental Authority or otherwise under any applicable Health Care Law, except in each of (i) and (ii) where failure to do so would not reasonably be
expected to have a Material Adverse Effect. 
 (c) Each Loan Party and each of their respective Subsidiaries shall, as applicable, maintain
and comply in all material respects with a corporate and health care regulatory compliance program (“Compliance Program”) that is reasonably designed to ensure compliance with all applicable Health Care Laws, including HIPAA,
and allow the Administrative Agent and/or any consultants from time to time to review such Compliance Program at reasonable times and upon prior written notice; provided that information subject to the attorney client privilege or which constitutes
“protected health information” (as such term is defined in HIPAA) shall not be subject to review. Each Loan Party and each of their respective Subsidiaries shall modify such Compliance Programs from time to time, as may be necessary to
ensure continuing compliance with all applicable Health Care Laws. 
 SECTION VII 

NEGATIVE COVENANTS 
 The
Borrower agrees that, at all times prior to the Discharge of Obligations, the Borrower shall not and the Borrower shall not permit any of its Subsidiaries, to, directly or indirectly: 

7.1 Financial Condition Covenants. 

(a) Minimum Liquidity. The Borrower and its Subsidiaries shall maintain at all times not less than the greater of either
(i) Liquidity of at least the absolute value of Trailing Four Month EBITDA Burn, but only to the extent that Trailing Four Month EBITDA Burn is negative (for the avoidance of doubt, to the extent that Trailing Four Month Cash Burn is positive,
then clause (i) the shall be deemed to be less than clause (ii) for purposes of this Section 7.1(a)) or (ii) $10,000,000. 

(b) Total Net Revenue Performance to Plan. The Borrower and its Subsidiaries shall maintain at all times, to be tested quarterly as of
the last day of each fiscal quarter, Total Net Revenue of at least seventy-five percent (75%) of the Total Net Revenue set forth in the Total Revenue Plan for each test date. 

  
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 7.2 Indebtedness. Create, issue, incur, assume, become liable in respect of or suffer
to exist any Indebtedness, except: 
 (a) Indebtedness of any Loan Party pursuant to any Loan Document and under any Cash Management
Agreement; 
 (b) Indebtedness of (i) any Loan Party owing to any other Loan Party; (ii) any Group Member (which is not a Loan
Party) owing to any other Group Member (which is not a Loan Party); (iii) any Group Member (which is not a Loan Party) owing to any Loan Party, which constitutes an Investment permitted by Section 7.8(f)(iii); provided,
that, such Indebtedness owing from any Group Member (which is not a Loan Party) to a Loan Party shall be evidenced by a master promissory note and such promissory note shall be pledged as Collateral; and (iv) any Loan Party owing to any Group
Member (which is not a Loan Party); provided that such Indebtedness is subordinated to the Obligations on terms and conditions reasonably acceptable to the Administrative Agent; 

(c) Guarantee Obligations (i) of any Loan Party of the Indebtedness of any other Loan Party; (ii) of any Group Member (which is not
a Loan Party) of the Indebtedness of any Loan Party; (iii) by any Group Member (which is not a Loan Party) of the Indebtedness of any other Group Member (which is not a Loan Party) or (iv) of any Loan Party of the Indebtedness of any Group
Member that is not a Loan Party, so long as the aggregate amount of such Guarantee Obligations is an Investment permitted by Section 7.8(f)(iii); provided that, in any case of clauses (i), (ii), (iii) or (iv), the
underlying Indebtedness so guaranteed is otherwise permitted by the terms hereof; 
 (d) Indebtedness outstanding on the date hereof and
listed on Schedule 7.2(d) and any refinancings, refundings, renewals or extensions thereof (which do not shorten the maturity thereof or increase the principal amount thereof); 

(e) Indebtedness (including, without limitation, Capital Lease Obligations) secured by Liens permitted by
Section 7.3(g) in an aggregate principal amount not to exceed $1,000,000 at any one time outstanding and any refinancings, refundings, renewals or extensions thereof (which do not shorten the maturity thereof or increase
the principal amount thereof); 
 (f) unsecured Indebtedness of the Borrower and its Subsidiaries in an aggregate principal amount, for all
such Indebtedness taken together, not to exceed $250,000 at any one time outstanding; 
 (g) obligations (contingent or otherwise) of the
Borrower or any of its Subsidiaries existing or arising under any Specified Swap Agreement, provided that such obligations are (or were) entered into by such Person in accordance with Section 7.13 and not for
purposes of speculation; 
 (h) Indebtedness incurred as a result of endorsing negotiable instruments received in the ordinary course of
business; 
 (i) any joint and several liability in respect of Tax as a result of a fiscal unity (fiscale eenheid) for Dutch Tax purposes or
its equivalent in any other relevant jurisdiction of which only Loan Parties are a member; 
 (j) any Indebtedness arising under guarantees
entered into pursuant to Section 2:403 of the Dutch Civil Code in respect of a Subsidiary incorporated in the Netherlands and any residual liability with respect to such guarantees arising under Section 2:404 of the Dutch Civil Code; 

(k) Indebtedness in respect of performance, surety or appeal bonds or any warranty or contractual service obligations, performance, surety,
statutory, appeal, bid or completion of performance guarantees or similar obligations, in each case provided in the ordinary course of business in an aggregate amount at any time outstanding not to exceed $250,000; and 

  
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 (l) Indebtedness consisting of the financing of insurance premiums. 

7.3 Liens. Create, incur, assume or suffer to exist any Lien upon any of its property, whether now owned or hereafter acquired, except:

 (a) Liens for taxes not yet due or that are being contested in good faith by appropriate proceedings; provided that adequate
reserves with respect thereto are maintained on the books of the applicable Group Member in conformity with GAAP; 
 (b) carriers’,
warehousemen’s, landlord’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business that are not overdue for a period of more than 30 days or that are being contested in good
faith by appropriate proceedings; 
 (c) pledges or deposits in connection with workers’ compensation, unemployment insurance and other
social security legislation; 
 (d) deposits to secure the performance of bids, trade contracts (other than for borrowed money), leases,
statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business (other than for indebtedness or any Liens arising under ERISA); 

(e) easements, rights-of-way, restrictions and other similar
encumbrances incurred in the ordinary course of business that, in the aggregate, are not substantial in amount and that do not in any case materially detract from the value of the property subject thereto or materially interfere with the ordinary
conduct of the business of the applicable Group Member; 
 (f) Liens in existence on the date hereof listed on Schedule 7.3(f);
provided that (i) no such Lien is spread to cover any additional property after the Closing Date, (ii) the amount of Indebtedness secured or benefitted thereby is not increased, (iii) the direct or any contingent obligor with
respect thereto is not changed, and (iv) any renewal or extension of the obligations secured thereby is permitted by Section 7.2(d); 

(g) Liens securing Indebtedness incurred pursuant to Section 7.2(e) to finance the acquisition of fixed or capital
assets; provided that (i) such Liens shall be created substantially simultaneously with the acquisition of such fixed or capital assets, (ii) such Liens do not at any time encumber any property other than the property financed by
such Indebtedness, and (iii) the amount of Indebtedness secured thereby is not increased; 
 (h) Liens created pursuant to the Security
Documents; 
 (i) any interest or title of a lessor or licensor under any lease or license entered into by a Group Member in the ordinary
course of its business and covering only the assets so leased or licensed; 
 (j) judgment Liens that do not constitute an Event of Default
under Section 8.1(h) of this Agreement; 

  
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 (k) bankers’ Liens, rights of setoff and other similar Liens existing solely with
respect to cash, Cash Equivalents, securities, commodities and other funds on deposit in one or more accounts maintained by a Group Member, in each case arising in the ordinary course of business in favor of banks, other depositary institutions,
securities or commodities intermediaries or brokerages with which such accounts are maintained securing amounts owing to such banks or financial institutions with respect to cash management and operating account management or are arising under Section 4-208 or 4-210 of the UCC on items in the course of collection and any Lien arising under Article 24 or 26 of the general terms and conditions (Algemene Bank
Voorwaarden) of any member of the Dutch Bankers’ Association (Nederlandse Vereniging van Banken) or any similar term applied by a financial institution in the Netherlands pursuant to its general terms and conditions and any netting or set-off arrangement entered into by the Borrower and any Subsidiary in the ordinary course of its banking arrangements for the purpose of netting debit and credit balances; 

(l) Liens securing Obligations under any Specified Swap Agreements permitted by Section 7.2(i); 

(m) Liens on insurance proceeds in favor of insurance companies granted solely to secured financed insurance premiums; 

(n) Liens in favor of custom and revenue authorities arising as a matter of law to secure the payment of custom duties in connection with the
importation of goods; 
 (o) other Liens securing obligations in an outstanding amount not to exceed $250,000 at any one time; and 

(p) Lien including any netting or set-off arising as a result of the existence of a fiscal unity
(fiscale eenheid) for Dutch tax purposes or its equivalent in any other relevant jurisdiction of which only Loan Parties are a member. 

7.4 Fundamental Changes. Consummate any merger, consolidation or amalgamation, or liquidate, wind up or dissolve itself (or suffer any
liquidation or dissolution), or Dispose of all or substantially all of its property or business, except that: 
 (a) (i) any Group Member
that is not a Loan Party may be merged, amalgamated or consolidated with or into (A) any Loan Party (provided that a Loan Party shall be the continuing or surviving Person, or the continuing or surviving Person shall become a Loan Party
substantially contemporaneous with such merger, amalgamation or consolidation) or (B) any Group Member that is not a Loan Party, and (ii) any Loan Party may be merged, amalgamated or consolidated with or into with any other Loan Party
(provided that if such merger, amalgamation or consolidation involves the Borrower, the Borrower shall be the continuing or surviving Person); 

(b) (i) any Group Member that is not a Loan Party may Dispose of any or all of its assets (including upon voluntary liquidation, dissolution
or otherwise) (A) to any other Group Member or (B) pursuant to a Disposition permitted by Section 7.5; and (ii) any Loan Party (other than the Borrower) may Dispose of any or all of its assets (including upon
voluntary liquidation, dissolution or otherwise) (A) to any other Loan Party or (B) pursuant to a Disposition permitted by Section 7.5; and 

(c) any Investment expressly permitted by Section 7.8 may be structured as a merger, consolidation or amalgamation.

  
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 7.5 Disposition of Property. Dispose of any of its property, whether now owned or
hereafter acquired (including, without limitation, the cancelation of any Indebtedness owing to any Group Member other than for reasonable consideration or in the ordinary course of business), or, in the case of any Subsidiary of the Borrower, issue
or sell any shares of such Subsidiary’s Capital Stock to any Person, except: 
 (a) Dispositions of obsolete or worn out property in the
ordinary course of business; 
 (b) Dispositions of Inventory in the ordinary course of business; 

(c) Dispositions permitted by Sections 7.4(b)(i)(A) and (b)(ii)(A); 

(d) the sale or issuance of the Capital Stock of any Subsidiary of the Borrower (i) to the Borrower or any other Loan Party, or
(ii) in connection with any transaction that does not result in a Change of Control; 
 (e) the use or transfer of money or Cash
Equivalents in a manner that is not prohibited by the terms of this Agreement or the other Loan Documents; 
 (f) the non-exclusive licensing of patents, trademarks, copyrights, and other Intellectual Property rights in the ordinary course of business; 

(g) the Disposition of property (i) from any Loan Party to any other Loan Party, and (ii) from any Group Member (which is not a Loan
Party) to any other Group Member; provided that in each case in which there is a Lien over the relevant property in favor of the Administrative Agent in advance of the Disposition, an equivalent Lien will be granted to the Administrative
Agent by the Group Member which acquires the property; 
 (h) Dispositions of property subject to a Casualty Event; 

(i) leases or subleases of real property; 

(j) the sale or discount without recourse of accounts receivable arising in the ordinary course of business in connection with the compromise
or collection thereof; 
 (k) any abandonment, cancellation, non-renewal or discontinuance of use or
maintenance of Intellectual Property (or rights relating thereto) of any Group Member that the Borrower determines in good faith is desirable in the conduct of its business and not materially disadvantageous to the interests of the Lenders; 

(l) Restricted Payments permitted by Section 7.6, Investments permitted by Section 7.8 and
Liens permitted by Section 7.3; 
 (m) Dispositions of other property having a fair market value not to exceed
$100,000 in the aggregate for any fiscal year of the Borrower, provided that at the time of any such Disposition, no Event of Default shall have occurred and be continuing or would result from such Disposition; and 

(n) Dispositions of other property (other than Intellectual Property necessary for the ongoing operation of the business of any Loan Party)
having a fair market value not to exceed $250,000 in the aggregate for any fiscal year of the Borrower, provided that at the time of any such Disposition, no Event of Default shall have occurred and be continuing or would result from such
Disposition; and 

  
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provided further that, (x) such property is sole for fair market value, (y) at least 75% of the consideration received in respect of such Disposition shall be received in the
form of cash or Cash Equivalents and (z) the Net Cash Proceeds thereof are used to prepay the Term Loans in accordance with Section 2.6(d); 

provided, however, that any Disposition made pursuant to this Section 7.5 (other than Dispositions
(x) solely between Loan Parties, (y) Dispositions solely between Group Members that are not Loan Parties or (z) Dispositions between a Loan Party and a Group Member that is not a Loan Party in which the terms thereof in favor of a
Loan Party are at least arm’s length terms) shall be made in good faith on an arm’s length basis for fair value. 
 7.6
Restricted Payments. Make any payment or prepayment of principal of, premium, if any, or interest on, or redemption, purchase, retirement, defeasance (including in-substance or legal defeasance),
sinking fund or similar payment with respect to, any Subordinated Indebtedness, pay any earn-out payment, seller debt or deferred purchase price payments, declare or pay any dividend (other than dividends
payable solely in Capital Stock (other than Disqualified Stock) of the Person making such dividend) on, or make any payment on account of, or set apart assets for a sinking or other analogous fund for, the purchase, redemption, defeasance,
retirement or other acquisition of, any Capital Stock of any Group Member, whether now or hereafter outstanding, or make any other distribution in respect thereof, either directly or indirectly, whether in cash or property or in obligations of any
Group Member (collectively, “Restricted Payments”), except that, so long as no Event of Default shall have occurred and be continuing at the time of any action described below or would result therefrom: 

(a) any Group Member may make Restricted Payments to any Loan Party, and any Group Member that is not a Loan Party may make Restricted Payments
to any other Group Member; 
 (b) each Loan Party may, (i) purchase common stock or common stock options from present or former
officers, directors, managers, members, partners, independent contractors, consultants and/or employees of any Group Member (or parent entity of the Borrower) upon the death, disability or termination of employment of such officers, directors,
managers, members, partners, independent contractors, consultants and/or employees (or incur an obligation to fund such purchase by such Persons; provided that the aggregate amount of payments made (or obligations incurred) under this clause
(i) shall not exceed $250,000 during any fiscal year of the Borrower, (ii) pay management fees, fund expense reimbursement and make indemnity payments expressly permitted by the last sentence of Section 7.11, and
(iii) declare and make dividend payments or other distributions payable solely in Capital Stock (other than Disqualified Stock) or other common Capital Stock of the Borrower; 

(c) each Group Member may purchase, redeem or otherwise acquire Capital Stock issued by it with the proceeds received from the substantially
concurrent issue of new shares of its Capital Stock (other than Disqualified Stock; provided that any such issuance is otherwise permitted hereunder (including by Section 7.5(d)); 

(d) any Group Member may make payments in respect of Subordinated Indebtedness solely to the extent such payment is made in accordance with
Section 7.22; and 
 (e) the Borrower and its Subsidiaries may make Restricted Payments not otherwise permitted by
one of the foregoing clauses of this Section 7.6; provided that the aggregate amount of all such Restricted Payments made pursuant to this clause (e) shall not exceed $250,000. 

  
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 7.7 [Reserved]. 

7.8 Investments. Make any advance, loan, extension of credit (by way of guarantee or otherwise) or capital contribution to, or purchase
any Capital Stock, bonds, notes, debentures or other debt securities of, or any assets constituting a business unit of, or make any other investment in, any Person (all of the foregoing, “Investments”), except: 

(a) extensions of trade credit in the ordinary course of business; 

(b) Investments in cash and Cash Equivalents; 

(c) Guarantee Obligations permitted by Section 7.2; 

(d) loans and advances to employees of any Group Member in the ordinary course of business (including for travel, entertainment and relocation
expenses) in an aggregate amount for all Group Members not to exceed $100,000 at any one time outstanding; 
 (e) Investments in an
aggregate amount not to exceed $500,000 at any one time outstanding; 
 (f) intercompany Investments by (i) any Loan Party in any other
Loan Party, (ii) any Group Member that is not a Loan Party in any other Group Member, or (iii) any Loan Party in any Group Member that is not a Loan Party to the extent that such Investments (A) are used to fund operating expenses in
the ordinary course of such Group Member’s business and (B) do not exceed $500,000 in any fiscal year of the Borrower; 
 (g)
Investments in the ordinary course of business consisting of endorsements of negotiable instruments for collection or deposit; 
 (h)
Investments received in settlement of amounts due to any Group Member effected in the ordinary course of business or owing to such Group Member as a result of Insolvency Proceedings involving an account debtor or upon the foreclosure or enforcement
of any Lien in favor of such Group Member; 
 (i) deposits made to secure the performance of leases, licenses or contracts in the ordinary
course of business, and other deposits made in connection with the incurrence of Liens permitted under Section 7.3; 

(j) the licensing or contribution of Intellectual Property pursuant to joint marketing arrangements with other Persons in the ordinary course
of business; and 
 (k) promissory notes and other non-cash consideration received in connection
with Dispositions permitted by Section 7.5, to the extent not exceeding the limits specified therein with respect to the receipt of non-cash consideration in connection with such
Dispositions. 
 7.9 ERISA. The Borrower shall not, and shall not permit any of its ERISA Affiliates to: (a) terminate any
Pension Plan so as to result in any material liability to the Borrower or any ERISA Affiliate, (b) permit to exist any ERISA Event, or any other event or condition, which presents the risk of a material liability to any ERISA Affiliate,
(c) make a complete or partial withdrawal (within the meaning of ERISA Section 4201) from any Multiemployer Plan so as to result in any material liability to the Borrower or any ERISA Affiliate, (d) enter into any new Plan or modify
any existing Plan so as to increase its obligations thereunder which could result in any material liability to any ERISA Affiliate, (e) permit the present value of all nonforfeitable accrued benefits under any Plan (using the actuarial

  
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assumptions utilized by the PBGC upon termination of a Plan) materially to exceed the fair market value of Plan assets allocable to such benefits, all determined as of the most recent valuation
date for each such Plan, or (f) engage in any transaction which would cause any obligation, or action taken or to be taken, hereunder (or the exercise by the Administrative Agent or any Lender of any of its rights under this Agreement, any Note
or the other Loan Documents) to be a non-exempt (under a statutory or administrative class exemption) prohibited transaction under ERISA or Section 4975 of the Code. 

7.10 [Reserved]. 
 7.11
Transactions with Affiliates. Enter into any transaction, including any purchase, sale, lease or exchange of property, the rendering of any service or the payment of any management, advisory or similar fees, with any Affiliate (other than any
other Loan Party) unless such transaction is (a) otherwise permitted under this Agreement, (b) in the ordinary course of business of the relevant Group Member, and (c) upon fair and reasonable terms no less favorable to the relevant
Group Member than it would obtain in a comparable arm’s length transaction with a Person that is not an Affiliate. 
 7.12 Sale
Leaseback Transactions. Enter into any Sale Leaseback Transaction, except in connection with transactions that would be permitted under this Section 7. 

7.13 Swap Agreements. Enter into any Swap Agreement, except Specified Swap Agreements which are entered into by a Group Member to
(a) hedge or mitigate risks to which such Group Member has actual exposure (other than those in respect of Capital Stock), or (b) effectively cap, collar or exchange interest rates (from fixed to floating rates, from one floating rate to
another floating rate or otherwise) with respect to any interest-bearing liability or investment of such Group Member. 
 7.14 Changes in
Fiscal Year. Make any change in its fiscal year. 
 7.15 Negative Pledge Clauses. Enter into or suffer to exist or become
effective any agreement that prohibits or limits the ability of any Loan Party to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned or hereafter acquired, to secure its Obligations under the
Loan Documents to which it is a party, other than (a) this Agreement and the other Loan Documents, (b) any agreements governing any purchase money Liens or Capital Lease Obligations otherwise permitted hereby (in which case, any
prohibition or limitation shall only be effective against the assets financed thereby), (c) customary restrictions on the assignment of leases, licenses and other agreements, (d) any agreement in effect at the time any Subsidiary becomes a
Subsidiary of a Loan Party, so long as such agreement was not entered into solely in contemplation of such Person becoming a Subsidiary or, in any such case, that is set forth in any agreement evidencing any amendments, restatements, supplements,
modifications, extensions, renewals and replacements of the foregoing, so long as such amendment, restatement, supplement, modification, extension, renewal or replacement applies only to such Subsidiary and does not otherwise expand in any material
respect the scope of any restriction or condition contained therein, and (e) any restriction pursuant to any document, agreement or instrument governing or relating to any Lien permitted under Sections 7.3(c), (m) and (n) or
any agreement or option to Dispose any asset of any Group Member, the Disposition of which is permitted by any other provision of this Agreements (in each case, provided that any such restriction relates only to the assets or property subject
to such Lien or being Disposed). 
 7.16 Clauses Restricting Subsidiary Distributions. Enter into or suffer to exist or become
effective any consensual encumbrance or restriction on the ability of any Group Member to (a) make Restricted Payments in respect of any Capital Stock of such Subsidiary held by, or to pay any Indebtedness owed to, any other Group Member,
(b) make loans or advances to, or other Investments in, any other Group Member, or (c) transfer any of its assets to any other Group Member, except for such 

  
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encumbrances or restrictions existing under or by reason of (i) any restrictions existing under the Loan Documents, (ii) any restrictions with respect to a Subsidiary imposed pursuant
to an agreement that has been entered into in connection with a Disposition permitted hereby of all or substantially all of the Capital Stock or assets of such Subsidiary, (iii) customary restrictions on the assignment of leases, licenses and
other agreements, or (iv) restrictions of the nature referred to in clause (c) above under agreements governing purchase money liens or Capital Lease Obligations otherwise permitted hereby which restrictions are only effective against the
assets financed thereby. 
 7.17 Lines of Business. Enter into any business, either directly or through any Subsidiary, except for
those businesses in which the Borrower and its Subsidiaries are engaged on the date of this Agreement or that are reasonably related, ancillary or incidental thereto. 

7.18 Designation of other Indebtedness. Designate any Indebtedness or indebtedness other than the Obligations as “Designated
Senior Indebtedness” or a similar concept thereto, if applicable. 
 7.19 [Reserved]. 

7.20 Amendments to Organizational Agreements. Amend or permit any amendments to any Loan Party’s organizational documents if such
amendment, termination, or waiver would be adverse to Administrative Agent or the Lenders in any material respect. 
 7.21 Use of
Proceeds. Use the proceeds of any Loan or extension of credit hereunder, whether directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (within the meaning of Regulation U of the
Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose, in each case in violation of, or for a purpose which violates, or would be inconsistent with,
Regulation T, U or X of the Board; (b) to finance an acquisition; (c) to fund any activities of or business with any individual or entity, or in any Designated Jurisdiction, that, at the time of such funding, is the subject of Sanctions,
or in any other manner that will result in a violation by any individual or entity (including any individual or entity participating in the transaction, whether as Lender, Administrative Agent or otherwise) of Sanctions (or lend, contribute or
otherwise make available such proceeds to any Subsidiary, joint venture partner or other individual or entity in violation of the foregoing); or (d) for any purpose which would breach the United States Foreign Corrupt Practices Act of 1977, the
UK Bribery Act 2010, or other similar legislation in other jurisdictions. 
 7.22 Subordinated Debt. 

(a) Amendments. Amend, modify, supplement, waive compliance with, or consent to noncompliance with, any Subordinated Debt Document,
unless the amendment, modification, supplement, waiver or consent (i) does not adversely affect the Borrower’s or any of its Subsidiaries’, as applicable, ability to pay and perform each of its Obligations at the time and in the
manner set forth herein and in the other Loan Documents and is not otherwise adverse to the Administrative Agent and the Lenders, and (ii) is in compliance with the subordination provisions therein and any subordination agreement with respect
thereto in favor of the Administrative Agent and the Lenders. 
 (b) Payments. Make any payment (including any interest payment,
other than paid-in-kind interest), prepayment or repayment on, redemption, exchange or acquisition for value of, any sinking fund or similar payment with respect to, any
Subordinated Indebtedness, except as permitted by the subordination provisions in the applicable Subordinated Debt Documents and any subordination agreement with respect thereto in favor of the Administrative Agent and the Lenders. 

  
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 7.23 Anti-Terrorism Laws. Conduct, deal in or engage in or permit any Affiliate or
agent of any Loan Party within its control to conduct, deal in or engage in any of the following activities: (a) conduct any business or engage in any transaction or dealing with any person blocked pursuant to Executive Order No. 13224 (a
“Blocked Person”), including the making or receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person; (b) deal in, or otherwise engage in any transaction relating to, any
property or interests in property blocked pursuant to Executive Order No. 13224; or (c) 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 of the
prohibitions set forth in Executive Order No. 13224 or the Patriot Act. 
 7.24 Anti-Hoarding. The Loan Parties shall cause
(a) all Group Members that are Foreign Subsidiaries to maintain an aggregate cash balance in an amount not to exceed the greater of (i) Five Million Dollars ($5,000,000) in the aggregate and (ii) an amount necessary to fund all such
Group Members’ operating expenses (including payroll) for the then-next six (6) month period and (b) all Group Members that are not Loan Parties to maintain an aggregate cash balance in an amount not to exceed the lesser of
(i) One Hundred Thousand Dollars ($100,000) in the aggregate and (b) an amount necessary to fund all such Group Members’ operating expenses (including payroll) for the then-next three (3) month period, and, in each case, within
three (3) Business Days following the last day of each month, any amounts in excess of the limits set forth in clauses (a) and/or (b) above, shall be swept to a Deposit Account maintained with CIBC or with CIBC’s Affiliates. 

SECTION VIII 
 EVENTS OF
DEFAULT 
 8.1 Events of Default. The occurrence of any of the following shall constitute an Event of Default: 

(a) the Borrower shall fail to pay (i) any amount of principal of any Loan when due in accordance with the terms hereof, or (ii) the
Borrower shall fail to pay any amount of interest on any Loan, or any other amount payable hereunder or under any other Loan Document, within three (3) Business Days after any such interest or other amount becomes due in accordance with the
terms hereof; or 
 (b) any representation or warranty made or deemed made by any Loan Party herein or in any other Loan Document or that is
contained in any certificate, document or financial or other statement furnished by it at any time under or in connection with this Agreement or any such other Loan Document (i) if qualified by materiality, shall be incorrect or misleading when
made or deemed made, or (ii) if not qualified by materiality, shall be incorrect or misleading in any material respect when made or deemed made; or 

(c) any Loan Party shall default in the observance or performance of any agreement contained in, Section 5.2,
Section 6.2, 6.3, clause (i) or (ii) of Section 6.4(a), Section 6.5(b), Section 6.7, Section 6.9,
Section 6.10, Section 6.12, Section 6.14 or Section 7 of this Agreement; or 

(d) any Loan Party shall default in the observance or performance of any other agreement contained in this Agreement or any other Loan
Document (other than as provided in paragraphs (a) through (c) of this Section 8.1), and such default shall continue unremedied for a period of 30 days thereafter five (5) Business Days in the case of
Section 6.1); or 

  
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 (e) any Group Member shall (A) default in making any payment of any principal of any
Indebtedness (including any Guarantee Obligation, but excluding the Obligations) on the scheduled or original due date with respect thereto; (B) default in making any payment of any interest, fees, costs or expenses on any such Indebtedness
beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created; (C) default in making any payment or delivery under any such Indebtedness constituting a Swap Agreement beyond the period of
grace, if any, provided in such Swap Agreement; or (D) default in the observance or performance of any other agreement or condition relating to any such Indebtedness or contained in any instrument or agreement evidencing, securing or relating
thereto, or any other event shall occur or condition exist, the effect of which default or other event or condition is to (1) cause, or to permit the holder or beneficiary of, or, in the case of any such Indebtedness constituting a Swap
Agreement, counterparty under, such Indebtedness (or a trustee or agent on behalf of such holder, beneficiary, or counterparty) to cause, with the giving of notice if required, such Indebtedness to become due prior to its stated maturity or (in the
case of any such Indebtedness constituting a Guarantee Obligation) to become payable or (in the case of any such Indebtedness constituting a Swap Agreement) to be terminated, or (2) to cause, with the giving of notice if required, any Group
Member to purchase, redeem, mandatorily prepay or make an offer to purchase, redeem or mandatorily prepay such Indebtedness prior to its stated maturity; provided that, unless such Indebtedness constitutes a Specified Swap Agreement, a default,
event or condition described in clauses (i)(A), (B), (C), or (D) of this Section 8.1(e) shall not at any time constitute an Event of Default unless, at such time, one or more defaults, events or conditions of the type
described in any of clauses (i)(A), (B), (C), or (D) of this Section 8.1(e) shall have occurred with respect to Indebtedness, the outstanding principal amount (and, in the case of Swap Agreements, other than Specified
Swap Agreements, the Swap Termination Value) of which, individually or in the aggregate for all such Indebtedness, exceeds $500,000; or 

(f) (i) any Group Member shall commence any case, proceeding or other action (a) under any Debtor Relief Law seeking to have an order for
relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief
with respect to it or its debts, or (b) seeking appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets, or any Group Member shall make a general assignment
for the benefit of its creditors; or (ii) there shall be commenced against any Group Member any case, proceeding or other action of a nature referred to in clause (i) above that (x) results in the entry of an order for relief or any
such adjudication or appointment or (y) remains undismissed, undischarged or unbonded for a period of 60 days (provided that, during such 60 day period, no Loan shall be advanced hereunder); or (iii) there shall be commenced against
any Group Member any case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part of its assets that results in the entry of an order for any such relief
that shall not have been vacated, discharged, or stayed or bonded pending appeal within 60 days from the entry thereof (provided that, during such 60 day period, no Loan shall be advanced hereunder); or (iv) any Group Member shall take
any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or (v) any Group Member shall generally not, or shall be unable to, or shall admit
in writing its inability to, pay its debts as they become due; or 
 (g) there shall occur one or more ERISA Events which individually or in
the aggregate results in or otherwise is associated with liability of any Loan Party or any ERISA Affiliate thereof which would reasonably be expected to result in a Material Adverse Effect; or there exists an amount of unfunded benefit liabilities
(as defined in Section 4001(a)(18) of ERISA), individually or in the aggregate for all Pension Plans (excluding for purposes of such computation any Pension Plans with respect to which assets exceed benefit liabilities) which would reasonably
be expected to result in a Material Adverse Effect; or 

  
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 (h) there is entered against any Group Member (i) one or more final judgments or orders
for the payment of money involving in the aggregate a liability (not paid or fully covered by insurance as to which the relevant insurance company has not denied coverage) of $500,000 or more, or (ii) one or more
non-monetary final judgments that have, or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced
by any creditor upon such judgment or order, or (B) all such judgments or decrees shall not have been vacated, discharged, stayed or bonded pending appeal within 45 days from the entry thereof; or 

(i) (i) any of the Security Documents shall cease, for any reason, to be in full force and effect (other than pursuant to the terms thereof),
or any Loan Party shall so assert, or any Lien created by any of the Security Documents shall cease to be enforceable and of the same effect and priority purported to be created thereby; or 

(ii) any court order enjoins, restrains or prevents a Loan Party from conducting all or any material part of its business; or 

(j) the guarantee contained in Section 2 of the Guarantee and Collateral Agreement shall cease, for any reason, to be in full force and
effect or any Loan Party shall so assert; or 
 (k) a Change of Control shall occur; or 

(l) any event or circumstance has occurred which would reasonably be expected to have a Material Adverse Effect; or 

(m) any Loan Document (including the subordination provisions of any subordination or intercreditor agreement governing Subordinated
Indebtedness) not otherwise referenced in Section 8.1(i) or (j), at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or the Discharge of Obligations,
ceases to be in full force and effect; or any Loan Party or any other Person contests in any manner the validity or enforceability of any Loan Document; or any Loan Party denies that it has any or any further liability or obligation under any Loan
Document to which it is a party, or purports to revoke, terminate or rescind any such Loan Document. 
 8.2 Remedies Upon Event of
Default. If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions: 

(a) if such event is an Event of Default specified in clause (i) or (ii) of paragraph (f) of Section 8.1
with respect to the Borrower, the Commitments shall immediately terminate automatically and the Loans (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents shall automatically immediately
become due and payable, and 
 (b) if such event is any other Event of Default, any of the following actions may be taken: (i) 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 declare the Term Commitments to be terminated forthwith, whereupon the Term
Commitment shall immediately terminate; (ii) 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, declare the Loans (with
accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents to be due and payable forthwith, whereupon the same shall immediately become due and payable; (iii) any Cash Management Bank may terminate
any Cash Management Agreement then 

  
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outstanding and declare all Obligations then owing by the Group Members under any such Cash Management Agreements then outstanding to be due and payable forthwith, whereupon the same shall
immediately become due and payable; and (iv) the Administrative Agent may exercise on behalf of itself, any Cash Management Bank and the Lenders all rights and remedies available to it, any such Cash Management Bank and the Lenders. 

In addition, to the extent elected by any applicable Cash Management Bank, the Borrower shall also Cash Collateralize the amount of any
Obligations in respect of Cash Management Services then outstanding, which Cash Collateralized amounts shall be applied by the Administrative Agent to the payment of all such outstanding Cash Management Services, and any unused portion thereof
remaining after all such Cash Management Services shall have been fully paid and satisfied in full shall be applied by the Administrative Agent to repay other Obligations of the Loan Parties hereunder and under the other Loan Documents in accordance
with the terms of Section 8.3. 
 (c) After all such Cash Management Agreements shall have been terminated,
expired or fully drawn upon, as applicable, and all other Obligations of the Borrower and the other Loan Parties (including any such Obligations arising in connection with Cash Management Services) shall have been paid in full, the balance, if any,
of the funds having been so Cash Collateralized shall be returned to the Borrower (or such other Person as may be lawfully entitled thereto). Except as expressly provided above in this Section, presentment, demand, protest and all other notices of
any kind are hereby expressly waived by the Borrower. 
 8.3 Application of Funds. After the exercise of remedies provided for in
Section 8.2, any amounts received by the Administrative Agent on account of the Obligations shall be applied by the Administrative Agent in the following order: 

First, to the payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (other than
principal and interest but including any Collateral-Related Expenses, fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Sections 2.13, 2.14 and 2.15 (including interest thereon))
payable to the Administrative Agent, in its capacity as such; 
 Second, to payment of that portion of the Obligations constituting
fees, indemnities and other amounts (other than principal and interest) payable to the Lenders, and any Qualified Counterparty and any applicable Cash Management Bank (in its respective capacity as a provider of Cash Management Services), and the
documented out-of-pocket fees, charges and disbursements of counsel to the respective Lenders, and amounts payable under Sections 2.13, 2.14 and
2.15), in each case, ratably among them in proportion to the respective amounts described in this clause Second payable to them; 

Third, to the payment of that portion of the Obligations constituting accrued and unpaid interest in respect of any Cash Management
Services and to payment of premiums and other fees (including any interest thereon) under any Specified Swap Agreements and any Cash Management Agreements, in each case, ratably among the Lenders, any applicable Cash Management Bank (in its
respective capacity as a provider of Cash Management Services), and any Qualified Counterparties, in each case, ratably among them in proportion to the respective amounts described in this clause Third payable to them; 

Fourth, to payment of that portion of the Obligations constituting unpaid principal of the Loans, and settlement amounts, payment
amounts and other termination payment obligations under any Specified Swap Agreements and Cash Management Agreements, in each case, ratably among the Lenders, any applicable Cash Management Bank (in its respective capacity as a provider of Cash
Management Services), and any applicable Qualified Counterparties, in each case, ratably among them in proportion to the respective amounts described in this clause Fourth and payable to them; 

  
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 Fifth, for the account of any applicable Qualified Counterparty and any applicable
Cash Management Bank, to any settlement amounts, payment amounts and other termination payment obligations under any Specified Swap Agreements and Cash Management Agreements not paid pursuant to clause Fifth and to cash collateralize Obligations
arising under any then outstanding Specified Swap Agreements and Cash Management Services, in each case, ratably among them in proportion to the respective amounts described in this clause Fifth payable to them; 

Sixth, to the payment of all other Obligations of the Loan Parties that are then due and payable to the Administrative Agent and the
other Secured Parties on such date, in each case, ratably among them in proportion to the respective aggregate amounts of all such Obligations described in this clause Sixth and payable to them; 

Last, the balance, if any, after the Discharge of Obligations, to the Borrower or as otherwise required by Law. 

Notwithstanding the foregoing, no Excluded Swap Obligation of any Guarantor shall be paid with amounts received from such Guarantor or from
any Collateral in which such Guarantor has granted to the Administrative Agent a Lien (for the benefit of the Secured Parties) pursuant to the Guarantee and Collateral Agreement; provided, however, that each party to this Agreement
hereby acknowledges and agrees that appropriate adjustments shall be made by the Administrative Agent (which adjustments shall be controlling in the absence of manifest error) with respect to payments received from other Loan Parties to preserve the
allocation of such payments to the satisfaction of the Obligations in the order otherwise contemplated in this Section 8.3. 

SECTION IX 
 THE
ADMINISTRATIVE AGENT 
 9.1 Appointment and Authority. 

(a) Each of the Lenders hereby irrevocably appoints CIBC 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. 
 (b) The provisions of Section 9 are solely for the benefit of the Administrative Agent, and
the Lenders and neither the Borrower nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrative Agent shall not
have any duties or obligations, except those expressly set forth herein and in the other Loan Documents, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall
be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent. It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with
reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead such term is used as a matter of market custom, and is intended to
create or reflect only an administrative relationship between contracting parties. 

  
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 (c) The Administrative Agent shall also act as the collateral agent under the Loan
Documents, and each of the Lenders (in their respective capacities as a Lender and, as applicable, Qualified Counterparty and provider of Cash Management Services) hereby irrevocably (i) authorizes the Administrative Agent to enter into all
other Loan Documents, as applicable, including the Guarantee and Collateral Agreement and any subordination agreements, and (ii) appoints and authorizes the Administrative Agent to act as the agent of the Secured Parties for purposes of
acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. The Administrative Agent, as
collateral agent and any co-agents, sub-agents and attorneys-in-fact appointed by the
Administrative Agent pursuant to Section 9.2 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 Section 9 and Section 10 (including Section 9.7, 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. Without limiting the generality of the foregoing, the Administrative Agent is further authorized on behalf of all the Lenders, without the necessity of any notice to or further
consent from the Lenders, from time to time to take any action, or permit the any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent to take any action, with respect to any Collateral or the Loan Documents which may be necessary to perfect and maintain perfected the Liens upon any
Collateral granted pursuant to any Loan Document. 
 9.2 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 Section 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 provided for herein as well as activities as the 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. 

9.3 Exculpatory Provisions. The Administrative Agent shall have no 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 shall not: 

(a) be subject to any fiduciary or other implied duties, regardless of whether any Default or any Event of Default has occurred and is
continuing; 
 (b) 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), as applicable; provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to
liability or that is contrary to any Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or
termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and 

  
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 (c) except as expressly set forth herein and in the other Loan Documents, have any duty to
disclose, and the Administrative Agent 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 any Person serving as the Administrative Agent or any of
its Affiliates in any capacity. 
 The Administrative Agent shall not be liable for any action taken or not taken by it (i) with the
consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in
Sections 8.2 and 10.1), or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment. 

The Administrative Agent shall 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 or Event of 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 Section 5.1 or elsewhere herein, other than to confirm receipt of items expressly
required to be delivered to the Administrative Agent. 
 9.4 Reliance by Administrative Agent. The Administrative Agent shall be
entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any 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, that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative
Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender prior to the making of such Loan. The Administrative Agent may consult with legal
counsel (who may be counsel for any of the Loan Parties), 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. The Administrative Agent may deem and treat the payee of any Note as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent. The
Administrative Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Loan Document unless it shall first receive such advice or concurrence of the Required Lenders (or such other number or
percentage of Lenders as shall be provided for herein or in the other Loan Documents) as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense that may be incurred by it by
reason of taking or continuing to take any such action. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the other Loan Documents in accordance with a request of the
Required Lenders (or such other number or percentage of Lenders as shall be provided for herein or in the other Loan Documents), and such request and any action taken or failure to act pursuant thereto shall be binding upon the Lenders and all
future holders of the Loans. 

  
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 9.5 Notice of Default. The Administrative Agent shall not be deemed to have knowledge
or notice of the occurrence of any Default or Event of Default unless the Administrative Agent has received notice in writing from a Lender or the Borrower referring to this Agreement, describing such Default or Event of Default and stating that
such notice is a “notice of default.” In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The Administrative Agent shall take such action with
respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all Lenders); provided that unless and until the Administrative Agent shall have received such
directions, the Administrative Agent may (but shall not be obligated to) take such action or refrain from taking such action with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders. 

9.6 Non-Reliance on Administrative Agent and Other Lenders. Each Lender expressly acknowledges
that neither the Administrative Agent nor any of its officers, directors, employees, agents, attorneys in fact or Affiliates has made any representations or warranties to it and that no act by the Administrative Agent hereafter taken, including any
review of the affairs of a Group Member or any Affiliate of a Group Member, shall be deemed to constitute any representation or warranty by the Administrative Agent to any Lender. Each Lender represents to the Administrative Agent 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 appraisal of, and investigation into, the
business, operations, property, financial and other condition and creditworthiness of the Group Members and their Affiliates and made its own credit analysis and decision to make its Loans hereunder and enter into this Agreement. Each Lender also
agrees 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 credit analysis, appraisals and decisions in taking or not taking action under or based upon this Agreement, the other Loan Documents or any related agreement or any document furnished hereunder or thereunder, and to make such investigation
as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Group Members and their Affiliates. Except for notices, reports and other documents expressly required to be
furnished to the Lenders by the Administrative Agent hereunder, the Administrative Agent shall have no duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, property, condition
(financial or otherwise), prospects or creditworthiness of any Group Member or any Affiliate of a Group Member that may come into the possession of the Administrative Agent or any of its officers, directors, employees, agents, attorneys in fact or
Affiliates. 
 9.7 Indemnification. Each of the Lenders agrees to indemnify the Administrative Agent and each of its Related Parties
in its capacity as such (to the extent not reimbursed by the Borrower or any other Loan Party and without limiting the obligation of the Borrower or any other Loan Party to do so) according to its Aggregate Exposure Percentage in effect on the date
on which indemnification is sought under this Section 9.7 (or, if indemnification is sought after the date upon which the Commitments shall have terminated and the Loans shall have been paid in full, in accordance with its
Aggregate Exposure Percentage immediately prior to such date), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time
(whether before or after the payment of the Loans) be imposed on, incurred by or asserted against the Administrative Agent or such other Person in any way relating to or arising out of, the Commitments, this Agreement, any of the other Loan
Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by the Administrative Agent or such other Person under or in connection with any of the
foregoing and any other amounts not reimbursed by the Borrower or such other Loan Party; provided that no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements that are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted primarily from the Administrative Agent’s or such other Person’s gross negligence or willful
misconduct. The agreements in this Section shall survive the payment of the Loans and all other amounts payable hereunder. 

  
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 9.8 Agent in Its Individual Capacity. 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. 
 9.9 Successor Administrative Agent. 

(a) The Administrative Agent may at any time give notice of its resignation to the Lenders and the Borrower. Upon receipt of any such notice
of resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor. 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, appoint a successor Administrative Agent meeting the qualifications set forth above; 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. 

(b) If the Person serving as Administrative Agent is a Defaulting Lender pursuant to clause (d) of the definition thereof, the Required
Lenders may, to the extent permitted by applicable law, by notice in writing to the Borrower and such Person remove such Person as Administrative Agent and, in consultation with the Borrower, appoint a successor. If no such successor shall have been
so appointed by the Required Lenders and shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the Required Lenders) (the “Removal Effective Date”), then such removal shall
nonetheless become effective in accordance with such notice on the Removal Effective Date. 
 (c) With effect from the Resignation Effective
Date or the Removal Effective Date (as applicable) (i) the retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral
security held by the Administrative Agent on behalf of or for the benefit of the Secured Parties under any of the Loan Documents, the retiring or removed Administrative Agent shall continue to hold such collateral security and any Parallel Debt
until such time as a successor Administrative Agent is appointed and such collateral security and Parallel Debt is assigned to such successor Administrative Agent) and (ii) except for any indemnity payments owed to the retiring or removed
Administrative Agent, all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender directly, until such time, if any, as the Required Lenders appoint a
successor Administrative Agent as provided for above in this Section. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers,
privileges and duties of the retiring or removed Administrative Agent (other than any rights to indemnity payments owed to the retiring or removed Administrative Agent), and the retiring or removed Administrative Agent shall be discharged from all
of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the Borrower to a successor Administrative Agent shall be the same as those
payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring or removed Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of
Section 9 and Section 10.5 shall continue in effect for the benefit of such retiring or removed Administrative Agent, its sub-agents and their respective
Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring or removed Administrative Agent was acting as the Administrative Agent. 

  
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 9.10 Collateral and Guaranty Matters. 

(a) The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, 

(i) to release any Lien on any Collateral or other property granted to or held by the Administrative Agent under any Loan Document
(i) upon the Discharge of Obligations, (ii) that is sold or otherwise disposed of or to be sold or otherwise disposed of as part of or in connection with any sale or other disposition permitted hereunder or under any other Loan Document,
or (iii) subject to Section 10.1, if approved, authorized or ratified in writing by the Required Lenders; 

(ii) to subordinate any Lien on any Collateral or other property granted to or held by the Administrative Agent under any Loan Document to
the holder of any Lien on such property that is permitted by Sections 7.3 (g) and (i); and 
 (iii) to release any Guarantor
from its obligations under the Guarantee and Collateral Agreement if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documents. 

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 Guarantor from its obligations under the guaranty pursuant to this Section 9.10. 

(b) The Administrative Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding
the existence, value or collectability of the Collateral, the existence, priority or perfection of the Administrative Agent’s Lien thereon, or any certificate prepared by any Loan Party in connection therewith, nor shall the Administrative
Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral. 
 (c) Notwithstanding
anything contained in any Loan Document, no Secured Party shall have any right individually to realize upon any of the Collateral or to enforce any guaranty of the Obligations (including any such guaranty provided by the Guarantors pursuant to the
Guarantee and Collateral Agreement), it being understood and agreed that all powers, rights and remedies under the Loan Documents may be exercised solely by the Administrative Agent on behalf of the Secured Parties in accordance with the terms
thereof; provided that, for the avoidance of doubt, in no event shall a Secured Party be restricted hereunder from filing a proof of claim on its own behalf during the pendency of a proceeding relative to any Loan Party under any Debtor
Relief Law or any other judicial proceeding. In the event of a foreclosure by the Administrative Agent on any of the Collateral pursuant to a public or private sale or other disposition, the Administrative Agent or any Secured Party may be the
purchaser or licensor of any or all of such Collateral at any such sale or other disposition, and the Administrative Agent, as agent for and representative of such Secured Party (but not any Lender or Lenders in its or their respective individual
capacities unless the Required Lenders shall otherwise agree in writing) shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to
use and apply any of the Obligations as a credit on account of the purchase price for any Collateral payable by the Administrative Agent on behalf of the Secured Parties at such sale or other disposition. Each Secured Party, whether or not a party
hereto, will 

  
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be deemed, by its acceptance of the benefits of the Collateral and of the guarantees of the Obligations provided by the Loan Parties under the Guarantee and Collateral Agreement, to have agreed
to the foregoing provisions. In furtherance of the foregoing, and not in limitation thereof, no Specified Swap Agreement and no Cash Management Agreement, the liabilities and obligations under which constitute Obligations, will create (or be deemed
to create) in favor of any Secured Party that is a party thereto any rights in connection with the management or release of any Collateral or of the Obligations of any Loan Party under any Loan Document except as expressly provided herein or in the
Guarantee and Collateral Agreement. By accepting the benefits of the Collateral and of the guarantees of the Obligations provided by the Loan Parties under the Guarantee and Collateral Agreement, any Secured Party that is a Cash Management Bank or a
Qualified Counterparty shall be deemed to have appointed the Administrative Agent to serve as administrative agent and collateral agent under the Loan Documents and to have agreed to be bound by the Loan Documents as a Secured Party thereunder,
subject to the limitations set forth in this paragraph. 
 9.11 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 Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or 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 and all other
Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable to have the claims of the Lenders and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and
advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the Administrative Agent under Sections 2.4 and 10.5) allowed in such judicial proceeding; and 

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

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by
each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable
compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.4 and 10.5. 

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

9.12 Reserved. 
 9.13
Erroneous Payments. 
 (a) If the Administrative Agent notifies a Lender or Secured Party, or any Person who has received funds
on behalf of a Lender or Secured Party (any such Lender, Secured Party or other recipient, a “Payment Recipient”) that the Administrative Agent has determined in its sole discretion

  
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(whether or not after receipt of any notice under immediately succeeding clause (b)) that any funds received by such Payment Recipient from the Administrative Agent or any of its
Affiliates were erroneously transmitted to, or otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not known to such Lender, Secured Party or other Payment Recipient on its behalf) (any such funds, whether received as
a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise, individually and collectively, an “Erroneous Payment”) and demands the return of such Erroneous Payment (or a portion
thereof), such Erroneous Payment shall at all times remain the property of the Administrative Agent and shall be segregated by the Payment Recipient and held for the benefit of the Administrative Agent, and such Lender or Secured Party shall (or,
with respect to any Payment Recipient who received such funds on its behalf, shall cause such Payment Recipient to) promptly, but in no event later than two Business Days thereafter, return to the Administrative Agent the amount of any such
Erroneous Payment (or portion thereof) as to which such a demand was made, in same day funds (in the currency so received), together with interest thereon in respect of each day from and including the date such Erroneous Payment (or portion thereof)
was received by such Payment Recipient to the date such amount is repaid to the Administrative Agent in same day funds at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking
industry rules on interbank compensation from time to time in effect. A notice of the Administrative Agent to any Payment Recipient under this clause (a) shall be conclusive, absent manifest error. 

(b) Without limiting immediately preceding clause (a), each Lender or Secured Party, or any Person who has received funds on behalf of
a Lender or Secured Party, hereby further agrees that if it receives a payment, prepayment or repayment (whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise) from the Administrative Agent
(or any of its Affiliates) (x) that is in a different amount than, or on a different date from, that specified in a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates) with respect to such payment,
prepayment or repayment, (y) that was not preceded or accompanied by a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates), or (z) that such Lender or Secured Party, or other such recipient,
otherwise becomes aware was transmitted, or received, in error or by mistake (in whole or in part) in each case: 
  

	 	(i)	 (A) in the case of immediately preceding clauses (x) or (y), an error shall be presumed to have
been made (absent written confirmation from the Administrative Agent to the contrary) or (B) an error has been made (in the case of immediately preceding clause (z)), in each case, with respect to such payment, prepayment or repayment; and

  

	 	(ii)	 such Lender or Secured Party shall (and shall cause any other recipient that receives funds on its respective
behalf to) promptly (and, in all events, within one Business Day of its knowledge of such error) notify the Administrative Agent of its receipt of such payment, prepayment or repayment, the details thereof (in reasonable detail) and that it is so
notifying the Administrative Agent pursuant to this Section 9.13(b). 

 (c) Each Lender or Secured
Party hereby authorizes the Administrative Agent to set off, net and apply any and all amounts at any time owing to such Lender or Secured Party under any Loan Document, or otherwise payable or distributable by the Administrative Agent to such
Lender or Secured Party from any source, against any amount due to the Administrative Agent under clause (a) hereof or under the indemnification provisions of this Agreement. 

  
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 (d) In the event that an Erroneous Payment (or portion thereof) is not recovered by the
Administrative Agent for any reason, after demand therefor by the Administrative Agent in accordance with clause (a) hereof, from any Lender that has received such Erroneous Payment (or portion thereof) (and/or from any Payment Recipient
who received such Erroneous Payment (or portion thereof) on its respective behalf) (such unrecovered amount, an “Erroneous Payment Return Deficiency”), upon the Administrative Agent’s notice to such Lender at any time,
(i) such Lender shall be deemed to have assigned its Loans (but not its Commitments) with respect to which such Erroneous Payment was made (the “Erroneous Payment Impacted Class”) in an amount equal to the Erroneous
Payment Return Deficiency (or such lesser amount as the Administrative Agent may specify) (such assignment of the Loans (but not Commitments) of the Erroneous Payment Impacted Class, the “Erroneous Payment Deficiency
Assignment”) at par plus any accrued and unpaid interest (with the assignment fee to be waived by the Administrative Agent in such instance), and is hereby (together with the Borrower) deemed to execute and deliver an Assignment and
Assumption (or, to the extent applicable, an agreement incorporating an Assignment and Assumption by reference) with respect to such Erroneous Payment Deficiency Assignment, and such Lender shall deliver any Notes evidencing such Loans to the
Borrower or the Administrative Agent, (ii) the Administrative Agent as the assignee Lender shall be deemed to acquire the Erroneous Payment Deficiency Assignment, (iii) upon such deemed acquisition, the Administrative Agent as the assignee
Lender shall become a Lender hereunder with respect to such Erroneous Payment Deficiency Assignment and the assigning Lender shall cease to be a Lender hereunder with respect to such Erroneous Payment Deficiency Assignment, excluding, for the
avoidance of doubt, its obligations under the indemnification provisions of this Agreement and its applicable Commitments which shall survive as to such assigning Lender and (iv) the Administrative Agent may reflect in the Register its
ownership interest in the Loans subject to the Erroneous Payment Deficiency Assignment. The Administrative Agent may, in its discretion, sell any Loans acquired pursuant to an Erroneous Payment Deficiency Assignment and upon receipt of the proceeds
of such sale, the Erroneous Payment Return Deficiency owing by the applicable Lender shall be reduced by the net proceeds of the sale of such Loan (or portion thereof), and the Administrative Agent shall retain all other rights, remedies and claims
against such Lender (and/or against any recipient that receives funds on its respective behalf). For the avoidance of doubt, no Erroneous Payment Deficiency Assignment will reduce the Commitments of any Lender and such Commitments shall remain
available in accordance with the terms of this Agreement. In addition, each party hereto agrees that, except to the extent that the Administrative Agent has sold a Loan (or portion thereof) acquired pursuant to an Erroneous Payment Deficiency
Assignment, and irrespective of whether the Administrative Agent may be equitably subrogated, the Administrative Agent shall be contractually subrogated to all the rights and interests of the applicable Lender or Secured Party under the Loan
Documents with respect to each Erroneous Payment Return Deficiency (the “Erroneous Payment Subrogation Rights”). 

(e) The parties hereto agree that an Erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Obligations owed by
the Borrower or any other Loan Party, except, in each case, to the extent such Erroneous Payment is, and solely with respect to the amount of such Erroneous Payment that is, comprised of funds received by the Administrative Agent from the Borrower
or any other Loan Party for the purpose of making such Erroneous Payment. 
 (f) To the extent permitted by applicable law, no Payment
Recipient shall assert any right or claim to an Erroneous Payment, and hereby waives, and is deemed to waive, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand,
claim or counterclaim by the Administrative Agent for the return of any Erroneous Payment received, including without limitation any defense based on “discharge for value” or any similar doctrine. 

(g) Each party’s obligations, agreements and waivers under this Section 9.13 shall survive the resignation or
replacement of the Administrative Agent, any transfer of rights or obligations by, or the replacement of, a Lender, the termination of the Commitments and/or the repayment, satisfaction or discharge of all Obligations (or any portion thereof)
under any Loan Document. 

  
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 9.14 Parallel Debt. For the purpose of this this
Section 9.14 the following terms shall have the following meaning: 
 “Parallel Debt” means
in relation to any Loan Party, at any given time an amount equal to the aggregate of its Principal Obligations at that time expressed in the relevant currency; and 

“Principal Obligations” means, in relation to any Loan Party and at any given time, each amount (whether
matured or not) owing by that Loan Party at that time to a Lender under the Loan Documents (other than the Parallel Debt); 
 (a) Without
prejudice to the other provisions of the Loan Documents and for the purpose of ensuring and preserving the validity, effect and continuity of the security rights granted and to be granted by the Loan Parties pursuant to any Security Document, each
Loan Party hereby unconditionally and irrevocably undertakes to pay to the Administrative Agent its Parallel Debt on terms and conditions specified in this Section 9.14 (the aforesaid being the “Parallel Debt
Covenant”). 
 (b) Each Loan Party and the Administrative Agent acknowledge that (i) for this purpose the Parallel Debt
created pursuant to the Parallel Debt Covenant constitutes undertakings, obligations and liabilities of such Loan Party to the Administrative Agent that are separate and independent from, and without prejudice to, the Principal Obligations and
(ii) the relevant Parallel Debt represents the Administrative Agent’s own claim against such Loan Party to receive payment of the relevant Parallel Debt, provided that the total amount which may become due under the relevant Parallel Debt
shall never exceed the total amount which may become due under the relevant Principal Obligations. 
 (c) The Loan Parties may not pay any
of their Parallel Debt other than at the instruction of, and in the manner determined by, the Administrative Agent. Without prejudice to the preceding sentence, each Borrower shall be obliged to pay the Parallel Debt (or if such Loan Party’s
Principal Obligations are due at different times, an amount of the relevant Parallel Debt corresponding to its relevant Principal Obligations) only when its relevant Principal Obligations have fallen due. 

(d) Any payment made, or amount recovered, in respect of the Parallel Debt shall reduce the relevant Principal Obligations to any Lender by
the amount which that Lender has received out of that payment or recovery under the Loan Documents. 
 (e) All Parties acknowledge and agree
with the provisions of this this Section 9.14. 
 (f) The Parties acknowledge that the Administrative Agent acts
in its own name and not as agent or representative of any other Party in respect of the Parallel Debt Covenant. 
 (g) For the avoidance of
doubt, the Loan Parties and the Administrative Agent acknowledge and agree that the rules applicable in respect of common property (gemeenschap) do not apply, whether or not by analogy, to the relation between any relevant Parties as a result
of the Parallel Debt Covenant. 
 (h) The Administrative Agent will cooperate in assigning its rights and obligations under the Parallel
Debt to a successor collateral agent in accordance with Section 9.9 of this Agreement. Each Loan Party and any other party to this Agreement hereby, in advance, irrevocably grant its cooperation (medewerking) to the
transfer of such rights and obligations by the Administrative Agent to a successor agent in accordance with Section 9.9 of this Agreement 

  
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 9.15 Survival. This Section 9 shall survive the Discharge
of Obligations. 
 SECTION X 

MISCELLANEOUS 
 10.1
Amendments and Waivers. 
 (a) Neither this Agreement, any other Loan Document, nor any terms hereof or thereof, may be amended,
supplemented or modified except in accordance with the provisions of this Section 10.1. The Required Lenders and each Loan Party party to the relevant Loan Document may, or, with the written consent of the Required Lenders,
the Administrative Agent and each Loan Party party to the relevant Loan Document may, from time to time, (i) enter into written amendments, supplements or modifications hereto and to the other Loan Documents for the purpose of adding any
provisions to this Agreement or the other Loan Documents or changing in any manner the rights of the Lenders or of the Loan Parties hereunder or thereunder or (ii) waive, on such terms and conditions as the Required Lenders or the
Administrative Agent, as the case may be, may specify in such instrument, any of the requirements of this Agreement or the other Loan Documents or any Default or Event of Default and its consequences; provided that no such waiver and no such
amendment, supplement or modification shall (A) forgive the principal amount or extend the final scheduled date of maturity of any Loan, extend the scheduled date of any amortization payment in respect of any Term Loan, reduce the stated rate
of any interest or fee payable hereunder (except that no amendment or modification of defined terms used in the financial covenants in this Agreement or waiver of any Default or Event of Default or the right to receive interest at the Default Rate
shall constitute a reduction in the rate of interest or fees for purposes of this clause (A)) or extend the scheduled date of any payment thereof, or increase the amount or extend the expiration date of any Lender’s Term Commitment, in each
case, without the written consent of each Lender directly affected thereby; (B) eliminate or reduce the voting rights of any Lender under this Section 10.1 without the written consent of such Lender; (C) reduce
any percentage specified in the definition of Required Lenders, consent to the assignment or transfer by the Borrower of any of its rights and obligations under this Agreement and the other Loan Documents, release all or substantially all of the
Collateral or release all or substantially all of the value of the guarantees (taken as a whole) of the Guarantors from their obligations under the Guarantee and Collateral Agreement, in each case without the written consent of all Lenders;
(D) amend, modify or waive the pro rata requirements of Section 2.12 or any other provision of the Loan Documents requiring pro rata treatment of the Lenders in a manner that adversely affects Term
Lenders without the written consent of each Term Lender; (E) reduce the percentage specified in the definition of Majority Term Lenders without the written consent of all Term Lenders; (F) amend, modify or waive any provision of
Section 9 without the written consent of the Administrative Agent; or (G) amend or modify the application of prepayments set forth in Section 2.6(d) or the application of payments set forth in
Section 8.3 in a manner that adversely affects Term Lenders without the written consent of the Majority Term Lenders, or (iii) amend or modify the application of payments provisions set forth in
Section 8.3 in a manner that adversely affects any Cash Management Bank or any Qualified Counterparty, as applicable, without the written consent of such Cash Management Bank or any such Qualified Counterparty, as
applicable. Any such waiver and any such amendment, supplement or modification shall apply equally to each of the Lenders and shall be binding upon the Loan Parties, the Lenders, the Administrative Agent, each Cash Management Bank, each Qualified
Counterparty, and all future holders of the Loans. In the case of any waiver, the Loan Parties, the Lenders and the Administrative Agent shall be restored to their former position and rights hereunder and under the other Loan Documents, and any
Default or Event of Default waived shall be deemed to be cured during the period such waiver is effective; but no such waiver shall extend to any subsequent or other Default or 

  
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Event of Default, or impair any right consequent thereon. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver
or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that any
waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender disproportionately adversely relative to other affected Lenders shall require the consent of such
Defaulting Lender. 
 (b) Notwithstanding anything to the contrary contained in Section 10.1(a) above, in the
event that the Borrower requests that this Agreement or any of the other Loan Documents be amended or otherwise modified in a manner which would require the consent of all of the Lenders and such amendment or other modification is agreed to by the
Borrower, the Required Lenders and the Administrative Agent, then, with the consent of the Borrower, the Administrative Agent and the Required Lenders, this Agreement or such other Loan Document may be amended without the consent of the Lender or
Lenders who are unwilling to agree to such amendment or other modification (each, a “Minority Lender”), to provide for: 

(i) the termination of the Commitment of each such Minority Lender; 

(ii) the assumption of the Loans and Commitment of each such Minority Lender by one or more Replacement Lenders pursuant to the provisions of
Section 2.17; and 
 (iii) the payment of all interest, fees and other obligations payable or accrued in favor of
each Minority Lender and such other modifications to this Agreement or to such Loan Documents as the Borrower, the Administrative Agent and the Required Lenders may determine to be appropriate in connection therewith. 

(c) Notwithstanding any provision herein to the contrary, this Agreement may be amended (or amended and restated) with the written consent of
the Required Lenders, the Administrative Agent, and the Borrower, (i) to add one or more additional credit or term loan facilities to this Agreement and to permit all such additional extensions of credit and all related obligations and
liabilities arising in connection therewith and from time to time outstanding thereunder to share ratably (or on a basis subordinated to the existing facilities hereunder) in the benefits of this Agreement and the other Loan Documents with the
obligations and liabilities from time to time outstanding in respect of the existing facilities hereunder, and (ii) in connection with the foregoing, to permit, as deemed appropriate by the Administrative Agent and approved by the Required
Lenders, the Lenders providing such additional credit facilities to participate in any required vote or action required to be approved by the Required Lenders and Majority Term Lenders, as applicable. 

(d) Notwithstanding any provision herein to the contrary, any Cash Management Agreement may be amended or otherwise modified by the parties
thereto in accordance with the terms thereof without the consent of the Administrative Agent or any Lender. 
 (e) Notwithstanding any
provision herein or in any other Loan Document to the contrary, no Cash Management Bank and no Qualified Counterparty shall have any voting or approval rights hereunder (or be deemed a Lender) solely by virtue of its status as the provider or holder
of Cash Management Services or Specified Swap Agreements or Obligations owing thereunder, nor shall the consent of any such Cash Management Bank or Qualified Counterparty, as applicable, be required for any matter, other than in their capacities as
Lenders, to the extent applicable. 

  
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 (f) The Administrative Agent may, with the consent of the Borrower only, amend, modify or
supplement this Agreement or any of the Loan Documents to cure any omission, mistake or defect. 
 10.2 Notices. All notices,
requests and demands to or upon the respective parties hereto to be effective shall be in writing (including by facsimile or electronic mail), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when
delivered, or three Business Days after being deposited in the mail, postage prepaid, or, in the case of facsimile or electronic mail notice, when received, addressed as follows in the case of the Borrower and the Administrative Agent, and as set
forth in an administrative questionnaire delivered to the Administrative Agent in the case of the Lenders, or to such other address as may be hereafter notified by the respective parties hereto: 

 

					
	            	 	Borrower:	  	 TransMedics Group, Inc.
 200 Minuteman Road

Andover, MA 01810
 Attention: Stephen Gordon

Telephone No.: 978-552-5071

E-Mail: sgordon@transmedics.com
  

With a copy (with shall not constitute notice) to:
  

Ropes & Gray LLP
 800 Boylston Street

Prudential Tower
 Boston, Massachusetts 02199

Attention: Dan Coyne

E-Mail: daniel.coyne@ropesgray.com

			
		 	Administrative Agent:	  	 Canadian Imperial Bank of Commerce
 81 Bay
Street, 10th Floor
 Toronto, ON M5J 0E7
 Attention: Imran
Premji
 E-mail: imran.premji@cibc.com

			
		 	 If to Administrative
 Agent for any Notice

of Borrowing
	  	 Canadian Imperial Bank of Commerce
 Credit
Processing Services
 595 Bay Street, 7th floor
 Toronto,
Ontario
 M5G 2C2
 Attention: Vasa Ratnam

Aaron Ren
 Innovation
Banking Mailbox
 E-mail: vasa.ratnam@cibc.com

aaron.ren@cibc.com

Mailbox.X_Innovation_Mail@cibc.com

  
 94 

					
	 
 

 

 

            

	 		 	 With a copy (with shall not constitute notice) to:
  

DLA Piper LLP
 One Fountain Square

11911 Freedom Drive, Suite 300
 Reston, Virginia 20190

Attention: Mark Fiekers
 Facsimile No.: (703) 773-5017
 E-Mail: mark.fiekers@us.dlapiper.com

 provided that any notice, request or demand to or upon the Administrative Agent or the Lenders shall
not be effective until received. 
 (a) Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communications (including email and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices to any Lender pursuant to
Section 2 unless otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent or any Loan Party 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 email address shall be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available, return email or other
written acknowledgment); and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its email address as described in the foregoing clause
(i) of notification that such notice or communication is available and identifying the website address therefor; provided that, for both clauses (i) and (ii), if such notice or other communication is not sent during the normal
business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient. 

(b) Any party hereto may change its address or facsimile number for notices and other communications hereunder by notice to the other parties
hereto. 
 (c) (i) Each Loan Party agrees that the Administrative Agent may, but shall not be obligated to, make the Communications (as
defined below) available to the other Lenders by posting the Communications on the Platform. 
 (ii) The Platform is provided “as
is” and “as available.” The Agent Parties (as defined below) do not warrant the adequacy of the Platform and expressly disclaim liability for errors or omissions in the Communications. 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 Communications or the Platform. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Borrower or the
other Loan Parties, any Lender or any other Person for damages of any kind, including direct or indirect, special, incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise) arising out of the Borrower’s,
any Loan Party’s or the Administrative Agent’s transmission of communications through the Platform. “Communications” means, collectively, any notice, demand, communication, information, document or other
material provided by or on behalf of any Loan Party pursuant to any Loan Document or the transactions contemplated therein which is distributed to the Administrative Agent, any Lender by means of electronic communications pursuant to this Section,
including through the Platform. 

  
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 10.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in
exercising, on the part of the Administrative Agent or any Lender, any right, remedy, power or privilege hereunder or under the other Loan Documents shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy,
power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights,
remedies, powers and privileges provided by law. 
 10.4 Survival of Representations and Warranties. All representations and
warranties made hereunder, in the other Loan Documents and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the making of the Loans and other
extensions of credit hereunder. 
 10.5 Expenses; Indemnity; Damage Waiver. 

(a) Costs and Expenses. The Borrower shall pay (i) all reasonable
out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (in the case of legal fees, limited to the reasonable fees, charges and disbursements of
one external counsel, one local counsel in each relevant jurisdiction to the extent reasonably necessary and one regulatory counsel to the extent reasonably necessary), in connection with the syndication of the facilities, the preparation,
negotiation, execution, delivery and administration of this Agreement and the other Loan Documents, or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall
be consummated), and (ii) all out-of-pocket expenses incurred by the Administrative Agent or any Lender (in the case of legal fees, limited to the reasonable fees,
charges and disbursements of one external counsel, one local counsel in each relevant jurisdiction to the extent reasonably necessary and one regulatory counsel to the extent reasonably necessary), in connection with the enforcement or protection of
its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans. 

(b) Indemnification by the Borrower. The Borrower shall indemnify the Administrative Agent (and any
sub-agent thereof), each Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless
from, any and all losses, claims, damages, liabilities and related expenses (in the case of legal fees, limited to the reasonable fees, charges and disbursements of one external counsel, one local counsel in each relevant jurisdiction to the extent
reasonably necessary and one regulatory counsel to the extent reasonably necessary)), incurred by any Indemnitee or asserted against any Indemnitee by any Person (including the Borrower or any other Loan Party) other than such Indemnitee and its
Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this 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 the use or proposed use of the proceeds therefrom, (iii) any actual or alleged presence or
release of Materials of Environmental Concern on or from any property owned or operated by the Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to the Borrower or any of its Subsidiaries, or (iv) any actual
or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrower or any other Loan Party, and regardless of
whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent
jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence or willful misconduct of such Indemnitee or any of its Related Parties, or (y) any dispute among Indemnitees (other than claims against the
Administrative Agent, in its capacity as such) that does not involve any act or omission of a Group Member. This Section 10.5(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims,
damages, etc. arising from any non-Tax claim. 

  
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 (c) Reimbursement by Lenders. To the extent that the Borrower for any reason fails
indefeasibly to pay any amount required under paragraph (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof) or any Related Party of any of the foregoing,
each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent) or such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the
applicable unreimbursed expense or indemnity payment is sought based on each Lender’s share of the Total Credit Exposure at such time) of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Lender);
provided, that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such
sub-agent) in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent) in connection with
such capacity. The obligations of the Lenders under this paragraph (c) are subject to the provisions of Sections 2.1, 2.4 and 2.14(e). 

(d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable law, the Borrower and each other Loan 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 the use of the proceeds thereof. No Indemnitee referred to in paragraph (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. 
 (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 Discharge
of Obligations. 
 10.6 Successors and Assigns; Participations and Assignments. 

(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 (which, for purposes of this Section 10.6, shall include any Cash Management Bank and any Qualified Counterparty, except that neither the Borrower nor any
other Loan 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, 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 Section 10.6(d), or
(iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 10.6(e) (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. 

  
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 (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 Commitment and the Loans at the time owing to it); provided that such assignment shall be subject to the following conditions:

 (i) Minimum Amounts. 

(1) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and/or the Loans at the time owing
to it or contemporaneous assignments to related Approved Funds (determined after giving effect to such assignments) that equal at least the amount specified in paragraph (b)(i)(B) of this Section in the aggregate or in the case of an assignment to a
Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 
 (2) 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 $1,000,000 in the case of any assignment in respect of the Term Loan, unless each of the Administrative Agent and, so long as no Default or Event of Default has occurred and is
continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed). 
 (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 Commitment assigned, except that this clause
(ii) shall not prohibit any Lender from assigning all or a portion of its rights and obligations among separate facilities on a non-pro rata basis. 

(iii) Required Consents. No consent shall be required for any assignment except to the extent required by paragraph (b)(i)(2) of this
Section and, in addition: 
 (1) the consent of the Borrower (such consent not to be unreasonably withheld or delayed) 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 five Business Days after having received notice thereof; and 

(2) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments in
respect of (i) any unfunded Commitments with respect to the Term Loan if such assignment is to a Person that is not a Lender with a Commitment in respect of such Facility, an Affiliate of such Lender or an Approved Fund with respect to such
Lender, or (ii) any Term Loans to a Person who is not a Lender, an Affiliate of a Lender or an Approved Fund. 

  
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 (iv) Assignment and Assumption. The parties to each assignment shall execute and
deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500; provided that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee
in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent any such administrative questionnaire as the Administrative Agent may request. 

(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 or (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). 

(vi) No Assignment to Natural Persons. No such assignment shall be made to a natural Person (or a holding company, investment vehicle
or trust established 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 pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent and each other Lender hereunder (and interest accrued thereon). 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 effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such
Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under
this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits
of Sections 2.13, 2.14, 2.15 and 10.5 with respect to facts and circumstances occurring prior to the effective date of such assignment; provided, that except to the extent otherwise expressly agreed by the affected
parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 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. 

  
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 (c) Register. The Administrative Agent, acting solely for this purpose as an agent of
the Borrower, shall maintain at one of its offices in Toronto, Ontario a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal
amounts (and stated interest) of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and 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, 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, a holding company, investment vehicle or trust established for, or owned and operated
for the primary benefit of, a natural Person, or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under
this Agreement (including all or a portion of its Commitment and/or the Loans 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 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 indemnities under Sections 2.14(e) and 9.7 with respect to any payments made by such Lender to its
Participant(s). 
 (e) 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 which affects such Participant and for which the consent of such Lender is required (as described in Section 10.1). The Borrower agrees that each
Participant shall be entitled to the benefits of Sections 2.13, 2.14 and 2.15 (subject to the requirements and limitations therein, including the requirements under Section 2.14(f) (it being understood
that the documentation required under Section 2.14(f) shall be delivered by such Participant to the Lender granting such participation)) to the same extent as if it were a Lender and had acquired its interest by assignment
pursuant to Section 10.6(b); provided that such Participant (A) agrees to be subject to the provisions of Sections 2.17 as if it were an assignee under Section 10.6(b); and
(B) shall not be entitled to receive any greater payment under Sections 2.13 or 2.14, 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 any Requirement of 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 2.17 with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of
Section 10.7 as though it were a Lender; provided that such Participant agrees to be subject to Section 2.12(j) as though it were a Lender. Each Lender that sells a participation shall,
acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register complying with the requirements of Sections 163(f), 871(h) and 881(c)(2) of the Code and the Treasury regulations
issued thereunder on which it is entered 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 the Code or Treasury Regulations, including without limitation Section 5f.103-1(c) of the United States Treasury
Regulations, or is otherwise required thereunder. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such
participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant
Register. 

  
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 (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 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. 
 (g)
Notes. The Borrower, upon receipt by the Borrower of written notice from the relevant Lender, agrees to issue Notes to any Lender requiring Notes to facilitate transactions of the type described in Section 10.6. 

(h) Representations and Warranties of Lenders. Each Lender, upon execution and delivery hereof or upon succeeding to an interest in the
Commitments or Loans, as the case may be, represents and warrants as of the Closing Date or as of the effective date of the applicable Assignment and Assumption that (i) it is an Eligible Assignee; (ii) it has experience and expertise in
the making of or investing in commitments, loans or investments such as the Commitments and Loans; and (iii) it will make or invest in its Commitments and Loans for its own account in the ordinary course of its business and without a view to
distribution of such Commitments and Loans within the meaning of the Securities Act or the Exchange Act, or other federal securities laws (it being understood that, subject to the provisions of this Section 10.6, the
disposition of such Commitments and Loans or any interests therein shall at all times remain within its exclusive control). 
 10.7
Adjustments; Set-off. 
 (a) Except to the extent that this Agreement expressly provides for
payments to be allocated to a particular Lender or to the Lenders under a particular Facility, if any Lender (a “Benefitted Lender”) shall receive any payment of all or part of the Obligations owing to it, or receive
any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in Section 8.1(f), or otherwise), in a
greater proportion than any such payment to or collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender, such Benefitted Lender shall purchase for cash from the other Lenders a participating interest
in such portion of the Obligations owing to each such other Lender, or shall provide such other Lenders with the benefits of any such collateral, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such
collateral ratably with each of the Lenders; provided that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits
returned, to the extent of such recovery, but without interest. 
 (b) Upon the occurrence and during the continuance of any Event of
Default, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, without prior notice to the Borrower or any other Loan Party, any such notice being expressly waived by the Borrower and each Loan Party, 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 any currency, at any time held or owing, and any other credits, indebtedness, claims or obligations,
in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Lender, its Affiliates or any branch or agency thereof to or for the credit or the account of the Borrower or
any other Loan Party, as the case may be, against any and all of the obligations of the Borrower or such other Loan Party now or hereafter existing under this Agreement or any other Loan Document to such

  
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Lender or its Affiliates, irrespective of whether or not such Lender or Affiliate shall have made any demand under this Agreement or any other Loan Document and although such obligations of the
Borrower or such other Loan Party may be contingent or unmatured or are owed to a branch, office or Affiliate of such Lender different from the branch, office or Affiliate holding such deposit or obligated on such indebtedness; provided, that
in the event that any Defaulting Lender or any of its Affiliates 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 2.17 and, pending such payment, shall be segregated by such Defaulting Lender or Affiliate thereof from its other funds and deemed held for the benefit of the Administrative Agent and the Lenders, and
(y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender or Affiliate thereof as to which it exercised such right of setoff. Each
Lender agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application made by such Lender or any of its Affiliates; provided that the failure to give such notice shall not affect the validity of such
setoff and application. The rights of each Lender and its Affiliates under this Section 10.7 are in addition to other rights and remedies (including other rights of set-off) which
such Lender or its Affiliates may have. 
 10.8 Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is
made to the Administrative Agent or any Lender, or the Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or
preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any Insolvency Proceeding
or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not
occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from
the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the
Discharge of Obligations. 
 10.9 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document,
the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable law (the “Maximum Rate”). If
the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In
determining whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable law, (a) characterize any payment that is not
principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the
contemplated term of the Obligations hereunder. 
 10.10 Counterparts; Electronic Execution of Assignments. 

(a) This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts, and all of said
counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Agreement by facsimile or other electronic mail transmission shall be effective as delivery of an original executed
counterpart hereof. A set of the copies of this Agreement signed by all the parties shall be lodged with the Borrower and the Administrative Agent. 

  
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 (b) 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 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. 
 10.11 Severability. Any
provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 10.11, if and to the
extent that the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited under or in connection with any Insolvency Proceeding, as determined in good faith by the Administrative Agent, then such provisions
shall be deemed to be in effect only to the extent not so limited. 
 10.12 Integration. This Agreement and the other Loan Documents
represent the entire agreement of the Borrower, the other Loan Parties, the Administrative Agent and the Lenders with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by the
Administrative Agent or any Lender relative to the subject matter hereof not expressly set forth or referred to herein or in the other Loan Documents. 

10.13 GOVERNING LAW. THIS AGREEMENT, THE OTHER LOAN DOCUMENTS (EXCEPT AS EXPRESSLY SET FORTH THEREIN), AND ANY CLAIM, CONTROVERSY,
DISPUTE, CAUSE OF ACTION, OR PROCEEDING (WHETHER BASED IN CONTRACT, TORT, OR OTHERWISE) BASED UPON, ARISING OUT OF, CONNECTED WITH, OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY,
AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO AND THERETO, SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. This Section 10.13 shall survive the Discharge
of Obligations. 
 10.14 Submission to Jurisdiction; Waivers. Each party hereto hereby irrevocably and unconditionally: 

(a) agrees that all disputes, controversies, claims, actions and other proceedings involving, directly or indirectly, any matter in any way
arising out of, related to, or connected with, this Agreement, any other Loan Document (other than any Dutch Security Documents), any contemplated transactions related hereto or thereto, or the relationship between any Loan Party, on the one hand,
and the Administrative Agent or any Lender or any other Secured Party, on the other hand, and any and all other claims of any of the Borrower against the Administrative Agent or any Lender or any other Secured Party of any kind, shall be brought
only in a state court located in New York, New York, or in a federal court sitting in the New York, New York; provided that nothing in this Agreement shall be deemed to operate to preclude the Administrative Agent or any Lender or any other
Secured Party from bringing suit or taking other legal action in any other jurisdiction to realize on the Collateral or any other security for the Obligations, or to enforce a judgment or other court order in favor of Administrative Agent or such
Lender or any other Secured Party. The Borrower, on behalf of itself and each other Loan Party, (i) expressly submits and consents in advance to such jurisdiction in any action or suit commenced in any such court and to the selection of any
referee referred to below, (ii) hereby waives any objection that it may have based upon lack of personal jurisdiction, improper venue, or forum non conveniens and hereby 

  
 103 

 
consents to the granting of such legal or equitable relief as is deemed appropriate by such court, and (iii) agrees that it shall not file any motion or other application seeking to change
the venue of any such suit or other action. Each party hereto hereby waives personal service of any summons, complaints, and other process issued in any such action or suit and agrees that service of any such summons, complaints, and other process
may be made by registered or certified mail addressed to the Borrower at the address set forth in Section 10.2 of this Agreement and that service so made shall be deemed completed upon the earlier to occur of the
Borrower’s actual receipt thereof or three days after deposit in the U.S. mails, proper postage prepaid; 
 (b) WAIVES, TO THE
EXTENT PERMITTED BY APPLICABLE LAW, ITS RIGHT TO A JURY TRIAL OF ANY CLAIM, CAUSE OF ACTION, OR PROCEEDING (WHETHER BASED IN CONTRACT, TORT, OR OTHERWISE) BASED UPON, ARISING OUT OF, CONNECTED WITH, OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN
DOCUMENT, OR ANY TRANSACTION CONTEMPLATED HEREBY AND THEREBY, AMONG ANY OF THE PARTIES HERETO AND THERETO. THIS WAIVER IS A MATERIAL INDUCEMENT FOR THE PARTIES HERETO TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS. EACH PARTY HERETO HAS
REVIEWED THIS WAIVER WITH ITS COUNSEL; and 
 (c) waives, to the maximum extent not prohibited by law, any right it may have to claim or
recover in any legal action or proceeding referred to in this Section any special, exemplary, punitive or consequential damages. 
 This
Section 10.14 shall survive the Discharge of Obligations. 
 10.15 Acknowledgements. The Borrower hereby
acknowledges that: 
 (a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan
Documents; 
 (b) none of the Administrative Agent nor any Lender has any fiduciary relationship with or duty to the Group Members arising
out of or in connection with this Agreement or any of the other Loan Documents, and the relationship between the Administrative Agent and Lenders, on one hand, and the Group Members, on the other hand, in connection herewith or therewith is solely
that of debtor and creditor; and 
 (c) no joint venture is created hereby or by the other Loan. Documents or otherwise exists by virtue of
the transactions contemplated hereby among the Lenders or among the Group Members and the Lenders. 
 10.16 Releases of Guarantees and
Liens. 
 (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is
hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action requested by the Borrower having the effect of
releasing any Collateral or guarantee obligations (1) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1
or (2) under the circumstances described in Section 10.16(b) below. 

  
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 (b) Upon the Discharge of Obligations, the Collateral (other than any cash collateral
securing any Specified Swap Agreements or any Cash Management Services) shall be released from the Liens created by the Security Documents and Cash Management Agreements (other than any Cash Management Agreements used to Cash Collateralize any
Obligations arising in connection with Cash Management Agreements), and all obligations (other than those expressly stated to survive such termination) of the Administrative Agent and each Loan Party under the Security Documents and Cash Management
Agreements (other than any Cash Management Agreements used to Cash Collateralize any Obligations arising in connection with Cash Management Agreements) shall terminate, all without delivery of any instrument or performance of any act by any Person.

 10.17 Treatment of Certain Information; Confidentiality. Each of the Administrative Agent and each Lender agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its Related Parties (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 required or requested by any regulatory authority purporting to have jurisdiction over such Person or its Related Parties (including any
self-regulatory authority, such as the National Association of Insurance Commissioners); (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process; (d) to any other party hereto; (e) in
connection with the exercise of any remedies hereunder or under any other 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 and obligations under this Agreement, or
(ii) any actual or prospective party (or its Related Parties) to any swap, derivative or other transaction under which payments are to be made by reference to the Borrower and its obligations, this Agreement or payments hereunder; (g) on a
confidential basis to (i) any rating agency in connection with rating the Borrower or its Subsidiaries or the facilities or (ii) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers
with respect to the facilities; (h) with the consent of the Borrower; or (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 or any of their respective Affiliates on a non-confidential basis from a source other than the Borrower. In addition, the Administrative Agent, the Lenders, and any of their
respective Related Parties, may (A) disclose the existence of this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry and service providers to the Administrative Agent or
the Lenders in connection with the administration of this Agreement, the other Loan Documents, and the Commitments; and (B) use any information (not constituting Information subject to the foregoing confidentiality restrictions) related to the
syndication and arrangement of the credit facilities contemplated by this Agreement in connection with marketing, press releases, or other transactional announcements or updates provided to investor or trade publications, including the placement of
“tombstone” advertisements in publications of its choice at its own expense. 
 Notwithstanding anything herein to the contrary,
any party to this Agreement (and any employee, representative, or other agent of any party to this Agreement) may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of the transactions contemplated
by this Agreement and all materials of any kind (including opinions or other tax analyses) that are provided to it relating to such tax treatment and tax structure. However, any such information relating to the tax treatment or tax structure is
required to be kept confidential to the extent necessary to comply with any applicable federal or state securities laws, rules, and regulations. 

  
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 For purposes of this Section, “Information” means all
information received from the Borrower or any of its Subsidiaries relating to the Borrower or any of its Subsidiaries or any of their respective businesses, other than any such information that is available to the Administrative Agent or any Lender
on a non-confidential basis prior to disclosure by the Borrower or any of its Subsidiaries. 
 This
Section 10.17 shall survive the Discharge of Obligations for a term of two (2) years.  

10.18 Automatic Debits. With respect to any principal, interest, fee, or any other cost or expense (including attorney costs of the
Administrative Agent or any Lender payable by the Borrower hereunder) due and payable to the Administrative Agent or any Lender under the Loan Documents, the Borrower hereby irrevocably authorizes the Administrative Agent to debit the Deposit
Account listed in the Debit Authorization and any other deposit account of the Borrower maintained with the Administrative Agent in an amount such that the aggregate amount debited from all such deposit accounts does not exceed such principal,
interest, fee or other cost or expense. If there are insufficient funds in such deposit accounts to cover the amount then due, such debits will be reversed (in whole or in part, in the Administrative Agent’s sole discretion) and such amount not
debited shall be deemed to be unpaid. No such debit under this Section 10.18 shall be deemed a set-off. 

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

10.20 Patriot Act; Other Regulations. Each Lender and the Administrative Agent (for itself and not on behalf of any other party) hereby
notifies the Borrower and each other Loan Party that, pursuant to the requirements of “know your customer” and anti-money laundering rules and regulations, including the Patriot Act and 31 C.F.R. § 1010.230, it is required to obtain,
verify and record information that identifies the Borrower and each other Loan Party and certain related parties thereto, which information includes the names and addresses and other information that will allow such Lender or the Administrative
Agent, as applicable, to identify the Borrower, each other Loan Party and certain of their beneficial owners and other officers in accordance with the Patriot Act and 31 C.F.R. § 1010.230. The Borrower and each other Loan Party will, and will
cause each of their respective Subsidiaries to, provide, to the extent commercially reasonable or required by any Requirement of Law, such information and documents and take such actions as are reasonably requested by the Administrative Agent or any
Lender to assist the Administrative Agent and the Lenders in maintaining compliance with “know your customer” requirements under the PATRIOT Act, 31 C.F.R. § 1010.230 or other applicable anti-money laundering laws. 

  
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 10.21 Acknowledgement and Consent to Bail-In of
EEA Financial Institutions. Notwithstanding anything to the contrary in this Agreement or in any other Loan Document, 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; 
 (b) a conversion of all, or a portion of, such liability into
Capital Stock 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 Capital Stock 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. 
 [Remainder of page left blank intentionally] 

  
 107 

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

			
	BORROWER:
	
	TRANSMEDICS GROUP, INC.
		
	By:	 	 /s/ Stephen Gordon

	Name: Stephen Gordon
	Title: Chief Financial Officer

  
 [Signature Page to Credit
Agreement] 

 
			
	ADMINISTRATIVE AGENT:
	
	CANADIAN IMPERIAL BANK OF COMMERCE
		
	By:	 	 /s/ Joseph Hammer

	Name: Joseph Hammer
	Title: Assistant General Manager
		
	By:	 	 /s/ Graham Quisenberry

	Name: Graham Quisenberry
	Title: Assistant General Manager

  
 [Signature Page to Credit
Agreement] 

 
			
	LENDERS:
	
	CANADIAN IMPERIAL BANK OF COMMERCE,
	 as a Lender

		
	By:	 	 /s/ Joseph Hammer

	 Name: Joseph Hammer

	 Title: Assistant General Manager

		
	By:	 	 /s/ Graham Quisenberry

	 Name: Graham Quisenberry

	 Title: Assistant General Manager

  
 [Signature Page to Credit
Agreement] 

 Schedule 1.1A 

COMMITMENTS 
 AND
AGGREGATE EXPOSURE PERCENTAGES 
 TERM COMMITMENTS 
  

									
	 Lender
	  	Term Commitment	 	  	Term Percentage	 
	 Canadian Imperial Bank of Commerce
	  	$	60,000,000.00	 	  	 	100.000000000	% 
	 Total
	  	$	60,000,000.00	 	  	 	100.000000000	%

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