Document:

Amended and Restated Participation Agreement, dated as of June 30, 2010

 Exhibit 10.2 to 2010 10-Q 

AMENDED AND RESTATED PARTICIPATION AGREEMENT 

Dated as of June 30, 2010 

among 
 CONVERGYS
CORPORATION, as the Lessee, 
 THE VARIOUS PARTIES HERETO FROM TIME TO TIME, 

as the Guarantors, 

WACHOVIA DEVELOPMENT CORPORATION, 

as the Borrower and as the Lessor, 

THE VARIOUS BANKS AND OTHER LENDING INSTITUTIONS WHICH ARE PARTIES 

HERETO FROM TIME TO TIME, as the Credit Lenders, 

THE VARIOUS BANKS AND OTHER LENDING INSTITUTIONS WHICH ARE PARTIES 

HERETO FROM TIME TO TIME, as the Mortgage Lenders, 

and 
 WELLS FARGO
BANK, NATIONAL ASSOCIATION, 
 as the Agent for the Primary Financing Parties 

and, respecting the Security Documents, 

as the Agent for the Secured Parties 

 TABLE OF CONTENTS 

 

					
	 SECTION 1A AMENDMENT AND RESTATEMENT
	  	
	SECTION 1 THE FINANCING	  	
	SECTION 2 CONTINUATION OF LEASE FACILITY	  	2
	SECTION 3 SUMMARY OF TRANSACTIONS	  	2
	    3.1
	    	Operative Agreements.	  	2
	    3.2
	    	Deemed Loans and Lessor Advances.	  	2
	SECTION 4 THE CLOSING	  	3
	    4.1
	    	Closing Date.	  	3
	    4.2
	    	Advances.	  	3
	SECTION 5 CLOSING CONDITIONS	  	3
	    5.1
	    	General.	  	3
	    5.2
	    	Procedures for Closing.	  	3
	    5.3
	    	Conditions Precedent for the Agent, the Credit Lenders, the Mortgage Lenders and the Lessor Relating to the Closing Date.	  	4
	    5.4
	    	[Reserved].	  	8
	    5.5
	    	[Reserved].	  	8
	    5.6
	    	[Reserved].	  	8
	    5.7
	    	Restrictions on Liens.	  	8
	    5.8
	    	[Reserved].	  	9
	    5.9
	    	[Reserved].	  	9
	    5.10
	    	Payments.	  	9
	    5.11
	    	Amounts Due Under Lease.	  	9
	SECTION 5B LESSOR ADVANCE	  	9
	 5B.1
	    	Procedure for Lessor Advance.	  	9
	 5B.2
	    	Lessor Yield.	  	10
	 5B.3
	    	Scheduled Return of Lessor Advance.	  	10
	 5B.4
	    	Early Return of Lessor Advance.	  	10
	 5B.5
	    	Conversion and Continuation Options.	  	11
	 5B.6
	    	Computation of Lessor Yield.	  	11
	SECTION 6 REPRESENTATIONS AND WARRANTIES	  	12
	    6.1
	    	Representations and Warranties of the Borrower.	  	12
	    6.2
	    	Representations and Warranties of the Credit Parties.	  	14
	SECTION 6B GUARANTY	  	19
	 6B.1
	    	Guaranty of Payment and Performance.	  	19
	 6B.2
	    	Obligations Unconditional.	  	19
	 6B.3
	    	Modifications.	  	20
	 6B.4
	    	Waiver of Rights.	  	21
	 6B.5
	    	Reinstatement.	  	21
	 6B.6
	    	Remedies.	  	21
	 6B.7
	    	Limitation of Guaranty.	  	21
	 6B.8
	    	Contribution.	  	22
	 6B.9
	    	Payment of Amounts to the Agent.	  	22
	 6B.10
	    	Release of Guarantors.	  	22
	SECTION 7 PAYMENT OF CERTAIN EXPENSES	  	22
	    7.1
	    	Transaction Expenses.	  	22
	    7.2
	    	Brokers’ Fees.	  	23
	    7.3
	    	Certain Fees and Expenses.	  	23
	    7.4
	    	[Reserved].	  	23
	    7.5
	    	Administrative Fee.	  	23

  

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	 7.6
	 	Arrangement Fee.	  	23
	 7.7
	 	Up-Front Fee.	  	23
	 SECTION 8 OTHER COVENANTS AND AGREEMENTS
	  	24
	 8.1
	 	Cooperation with the Lessee.	  	24
	 8.2
	 	Covenants of the Lessor.	  	24
	 8.3
	 	Lessee Covenants, Consent and Acknowledgment.	  	26
	 8.3A
	 	Affirmative Covenants.	  	29
	 8.3A.1
	 	Financial Statements and Other Information.	  	29
	 8.3A.2
	 	Notices of Material Events.	  	30
	 8.3A.3
	 	Existence; Conduct of Business.	  	30
	 8.3A.4
	 	Payment of Obligations.	  	31
	 8.3A.5
	 	Maintenance of Property; Insurance.	  	31
	 8.3A.6
	 	Books and Records; Inspection Rights.	  	31
	 8.3A.7
	 	Compliance with Laws.	  	31
	 8.3A.8
	 	Use of Proceeds.	  	31
	 8.3A.9
	 	Guarantee Requirement.	  	31
	 8.3B
	 	Negative Covenants.	  	32
	 8.3B.1
	 	Priority Indebtedness.	  	32
	 8.3B.2
	 	Liens.	  	33
	 8.3B.3
	 	Sale and Lease-Back Transactions.	  	34
	 8.3B.4
	 	Fundamental Changes.	  	34
	 8.3B.5
	 	Transactions with Affiliates.	  	36
	 8.3B.6
	 	Restrictive Agreements.	  	37
	 8.3B.7
	 	Hedging Agreements.	  	37
	 8.3B.8
	 	Interest Coverage Ratio.	  	37
	 8.3B.9
	 	Consolidated Total Debt to Consolidated EBITDA Ratio.	  	37
	 8.3B.10
	 	Certain Restricted Payments.	  	37
	 8.4
	 	Sharing of Certain Payments.	  	37
	 8.5
	 	Grant of Easements, etc.	  	38
	 8.6
	 	Appointment of the Agent by the Primary Financing Parties.	  	38
	 8.7
	 	Collection and Allocation of Payments and Other Amounts; Special Provision Regarding Post-Expiration Date Sales.	  	42
	 8.8
	 	Release of the Property, etc.	  	44
	 8.9
	 	Limitation of Lessor’s Obligations.	  	44
	 8.10
	 	NO REPRESENTATIONS OR WARRANTIES AS TO THE PROPERTY OR OPERATIVE AGREEMENTS.	  	45
	 8.11
	 	Reliance; Advice of Counsel.	  	45
	 8.12
	 	Amendments to Lessee Credit Agreement.	  	46
	 8.13
	 	Non-Disturbance.	  	46
	SECTION 9 LOAN AGREEMENTS	  	46
	 9.1
	 	The Lessee’s Loan Agreement Rights.	  	46
	SECTION 10 TRANSFER OF INTEREST	  	47
	 10.1
	 	Restrictions on Transfer.	  	47
	 10.2
	 	Effect of Transfer.	  	48
	 SECTION 11 INDEMNIFICATION
	  	49
	 11.1
	 	General Indemnity.	  	49
	 11.2
	 	General Tax Indemnity.	  	52
	 11.3
	 	Increased Costs, Illegality, etc.	  	56
	 11.4
	 	Funding/Contribution Indemnity.	  	58
	 11.5
	 	EXPRESS INDEMNIFICATION FOR ORDINARY NEGLIGENCE, STRICT LIABILITY, ETC.	  	59

  

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	 11.6
	  	Additional Provisions regarding Environmental Indemnification.	  	59
	 11.7
	  	Cooperation with the Indemnity Provider.	  	60
	 11.8
	  	Time Period in which Claims may arise and be Covered by Indemnification.	  	60
	 SECTION 12 MISCELLANEOUS
	  	60
	 12.1
	  	Survival of Agreements.	  	60
	 12.2
	  	Notices.	  	61
	 12.3
	  	Counterparts.	  	63
	 12.4
	  	Terminations, Amendments, Waivers, Etc.; Unanimous Vote Matters.	  	63
	 12.5
	  	Headings, etc.	  	65
	 12.6
	  	Parties in Interest.	  	65
	 12.7
	  	GOVERNING LAW; SUBMISSION TO JURISDICTION; WAIVER OF JURY TRIAL; VENUE.	  	65
	 12.8.
	  	Severability.	  	66
	 12.9.
	  	Liability Limited.	  	66
	 12.10.
	  	Rights of the Credit Parties.	  	67
	 12.11.
	  	Further Assurances.	  	67
	 12.12.
	  	Calculations under Operative Agreements; Consents.	  	68
	 12.13.
	  	Confidentiality.	  	68
	 12.14.
	  	Financial Reporting/Tax Characterization.	  	69
	 12.15.
	  	Set-off.	  	69

  

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 SCHEDULES and EXHIBITS 

SCHEDULES 
  

					
	 Schedule 6.2(a)
	 	-	  	Corporate Existence Exceptions for Lessee and Subsidiaries
	 Schedule 6.2(f)
	 	-	  	Disclosed Matters
	 Schedule 6.2(m)
	 	-	  	Material Subsidiaries
	 Schedule 8.3B.1
	 	-	  	Existing Indebtedness
	 Schedule 8.3B.6
	 	-	  	Restrictive Agreements

 EXHIBITS 

 

					
	 A
	 	-	 	Form of Requisition - Sections 4.2, 5.2 and 5.3
	 B
	 	-	 	[Reserved]
	 C
	 	-	 	Form of Officer’s Certificate - Section 5.3(y)
	 D
	 	-	 	Form of Secretary’s Certificate - Section 5.3(z)
	 E
	 	-	 	Form of Officer’s Certificate - Section 5.3(bb)
	 F
	 	-	 	Form of Secretary’s Certificate - Section 5.3(cc)
	 G
	 	-	 	[Reserved]
	 H
	 	-	 	[Reserved]
	 I
	 	-	 	[Reserved]
	 J
	 	-	 	[Reserved]
	 K
	 	-	 	[Reserved]
	 L
	 	-	 	State of Incorporation/Formation and Principal Place of Business of the Credit Parties – Section 6.2(o)
	  
 Appendix A -
Rules of Usage and Definitions

  

 iv 

 AMENDED AND RESTATED PARTICIPATION AGREEMENT 

THIS AMENDED AND RESTATED PARTICIPATION AGREEMENT, dated as of June 30, 2010 (as amended, modified, extended, supplemented, restated
and/or replaced from time to time, this “Agreement”) is by and among CONVERGYS CORPORATION, an Ohio corporation (the “Lessee”); the various parties hereto from time to time as guarantors (subject to the definition
of Guarantors in Appendix A hereto, individually, a “Guarantor” and collectively, the “Guarantors”); WACHOVIA DEVELOPMENT CORPORATION, a North Carolina corporation (the “Borrower” or the
“Lessor”); the various banks and other lending institutions which are parties hereto from time to time as holders of the Credit Notes (subject to the definition of Credit Lenders in Appendix A hereto, individually, a
“Credit Lender” and collectively, the “Credit Lenders”); the various banks and other lending institutions which are parties hereto from time to time as holders of the Mortgage Notes (subject to the definition of
Mortgage Lenders in Appendix A hereto, individually, a “Mortgage Lender” and collectively, the “Mortgage Lenders”); (the Lessor, each Credit Lender and each Mortgage Lender may be referred to
individually as a “Primary Financing Party” and collectively as the “Primary Financing Parties”); and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as the agent for the Primary Financing
Parties and respecting the Security Documents, as the agent for the Secured Parties (in such capacity, the “Agent”). Capitalized terms used but not otherwise defined in this Agreement shall have the meanings set forth in
Appendix A hereto. 
 W I T N E S S E T H: 

A. WHEREAS, the parties to that certain Existing Participation Agreement entered into the various Existing Operative Agreements in order
to finance the Property. 
 B. WHEREAS, the parties to this Agreement and the other Operative Agreements have entered into such
agreements in order to renew the financing for the Property by means of amending and restating the Existing Operative Agreements. 

NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, the receipt of
which is hereby acknowledged, the parties hereto hereby agree as follows: 
 SECTION 1A 

AMENDMENT AND RESTATEMENT 

This Agreement amends and restates in its entirety the Existing Participation Agreement. This Agreement is not intended to constitute a
novation of the Existing Participation Agreement. 
 SECTION 1 

THE FINANCING 

Subject to the terms and conditions of this Agreement (including without limitation the satisfaction or waiver of the requirements and
closing conditions set forth in Section 5 of this Agreement) and the other Operative Agreements and in reliance on the representations and warranties of each of the parties hereto contained herein or made pursuant hereto, the Primary
Financing Parties have agreed to pay the various amounts described in the Assignment and Recharacterization Agreement in exchange for (i) in the case of the Lessor, all of the Existing Lessor’s rights and obligations under the Existing
Operative 

 
Agreements, pursuant to Section 3(b) of the Assignment and Recharacterization Agreement; (ii) in the case of the Credit Lenders, certain of the Existing Debt Providers’
rights and obligations under the Existing Operative Agreements, pursuant to Section 3(a) of the Assignment and Recharacterization Agreement; and (iii) in the case of the Mortgage Lenders, certain of the Existing Debt Providers’
rights and obligations under the Existing Operative Agreements, pursuant to Section 3(a) of the Assignment and Recharacterization Agreement. After the Lessor, the Credit Lenders and the Mortgage Lenders make the payments to the Agent
described in the prior sentence, the Existing Lessor Advances and the Existing Loans shall be assigned in accordance with Sections 3(a) and 3(b) of the Assignment and Recharacterization Agreement. 

Regarding the Credit Loans and the Mortgage Loans, after the Lenders make the payments described in the preceding paragraph in exchange
for the above-described assignment to the Lenders of the Existing Loans and the related purchase of rights and obligations, the Credit Loans and the Mortgage Loans shall, pursuant to Section 3(c) of the Assignment and Recharacterization
Agreement, without the need for any further action, be immediately consolidated, substituted and recharacterized, respectively as the Credit Loans (in the case of the Credit Lenders) and Mortgage Loans (in the case of the Mortgage Lenders), and the
Credit Lenders and the Mortgage Lenders shall, for purposes of the Operative Agreements, be deemed to have made or funded the Credit Loans and the Mortgage Loans, respectively. 

Regarding the Lessor Advances, after the Lessor makes the payment described in the second preceding paragraph in exchange for the
above-described assignment to the Lessor of the Existing Lessor Advances and the related purchase of rights and obligations, the Lessor shall, for purposes of the Operative Agreements, be deemed to have made or funded the Lessor Advances. The
obligations of the Lessee to the Lessor and the obligations of the Borrower to the Credit Lenders and the Mortgage Lenders under the Operative Agreements shall be secured by the Property. 

SECTION 2 

CONTINUATION OF LEASE FACILITY 

Each party hereto agrees that the Operative Agreements amend and restate the Existing Operative Agreements and that the financing and
leasing arrangements of the Property pursuant to the Operative Agreements shall renew and continue the financing and leasing arrangement of the Property pursuant to the Existing Operative Agreements. 

SECTION 3 

SUMMARY OF TRANSACTIONS 

3.1 Operative Agreements. 

On the Closing Date, each of the respective parties hereto and thereto shall execute and deliver this Agreement, the Lease, the Credit
Note Loan Agreement, the Credit Notes, the Mortgage Note Loan Agreement, the Mortgage Notes, the Security Agreement, each applicable Mortgage Instrument and such other documents, instruments, certificates and opinions of counsel as agreed to by the
parties hereto. 
 3.2 Deemed Loans and Lessor Advances. 

On the Closing Date and subject to the terms and conditions of this Agreement (a) the Credit Lenders will be deemed to have made the
Credit Loans as described in Section 1 of this Agreement, (b) the Mortgage Lenders will be deemed to have made the Mortgage Loans as described in Section 1 of 

 

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this Agreement, (c) the Lessor will be deemed to have made the Lessor Advance as described in Section 1 of this Agreement, (d) the Lessor shall retain title to or a ground
lease interest in each applicable Property, each to be within an Approved State, identified by the Lessee, in each case pursuant to a Bill of Sale and Deed or Ground Lease, as the case may be, and amend and restate its grant to the Agent (on behalf
of the Secured Parties) of a lien on the Property by execution of the required Security Documents, (e) the Agent, the Lessee and the Lessor shall execute and deliver an amended and restated Lease Supplement relating to the Property and
(f) the Term shall commence with respect to the Property. Unless the context otherwise requires, references in the Operative Agreements to the acquisition of the Property (including without limitation a ground lease interest in the Property) by
the Lessor shall be deemed to refer to the retention of title to the Property or the retention of a ground lease interest therein through the Assignment and Recharacterization Agreement. 

SECTION 4 

THE CLOSING 

4.1 Closing Date. 

All documents and instruments required to be delivered on the Closing Date shall be delivered at the offices of Moore & Van Allen
PLLC, Charlotte, North Carolina, or at such other location as may be determined by the Lessor, the Agent and the Lessee. 

4.2 Advances. 

The Lessee shall deliver to the Agent a requisition (a “Requisition”), in the form attached hereto as
Exhibit A or in such other form as is satisfactory to the Agent, in its reasonable discretion, in connection with the Advances. 

SECTION 5 

CLOSING CONDITIONS 

5.1 General. 

To the extent funds have been made available by the Lessor, the Credit Lenders and the Mortgage Lenders as described in
Section 1, the applicable parties to this Agreement shall effect the various assignment and recharacterization transactions described in the Assignment and Recharacterization Agreement in accordance with the terms thereof. 

5.2 Procedures for Closing. 

(a) The Lessee shall deliver to the Agent, not less than three (3) Business Days prior to the Closing Date, a
Requisition as described in Section 4.2. 
 (b) [Reserved]. 

(c) Subject to the satisfaction or waiver of the conditions precedent set forth in Section 5.3, on the Closing
Date, (i) the Credit Lenders shall pay the amounts specified for payment by the Credit Lenders in accordance with Section 1 of this Agreement (which payments shall result in the purchase and ownership of Credit Loans in the amounts
of such payments pursuant to the Assignment and Recharacterization Agreement, which Credit Loans shall be 
  

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deemed to have been made by the Credit Lenders for purposes of the Operative Agreements), (ii) the Mortgage Lenders shall pay the amounts specified for payment by the Mortgage Lenders in
accordance with Section 1 of this Agreement (which payments shall result in the purchase and ownership of Mortgage Loans in the amounts of such payments pursuant to the Assignment and Recharacterization Agreement, which Mortgage Loans
shall be deemed to have been made by the Mortgage Lenders for purposes of the Operative Agreements) and (iii) the Lessor shall pay the amount specified for payment by the Lessor in accordance with Section 1 of this Agreement (which
payments shall result in the purchase and ownership of a Lessor advance (the “Lessor Advance”) in the amounts of such payments pursuant to the Assignment and Recharacterization Agreement, which Lessor Advance shall be deemed to have
been made by the Lessor for purposes of the Operative Agreements). Subject to the foregoing sentence, the Requested Funds shall be funded by the Credit Lenders, the Mortgage Lenders and the Lessor such that (I) the Credit Loans made by the
Credit Lenders under the Credit Notes shall equal $29,000,000, (II) the Mortgage Loans made by the Mortgage Lenders under the Mortgage Notes shall equal $22,100,000, and (III) the Lessor Advance shall equal $3,900,000. 

(d) [Reserved]. 

(e) All Operative Agreements which are to be delivered to the Lessor, the Agent or the Primary Financing Parties shall be
delivered to the Agent, on behalf of the Lessor, the Agent or the Primary Financing Parties, and such items (except for Credit Notes, Mortgage Notes, Bills of Sale, the Deed and chattel paper originals, with respect to which in each case there shall
be only one original) shall be delivered with originals sufficient for the Lessor, the Agent and each other Primary Financing Party. The Agent shall then deliver such Operative Agreements to the Lessor and each other Primary Financing Party. All
other items which are to be delivered to the Lessor, the Agent or the other Primary Financing Parties shall be delivered to the Agent, on behalf of the Lessor, the Agent or the other Primary Financing Parties, or directly to such party as required
by the Operative Agreements. Except as otherwise noted, copies shall be sufficient for any other deliveries to parties other than the Agent required under Section 5.3. To the extent any such other items delivered to the Agent are
requested in writing from time to time by the Lessor or any other Primary Financing Party or are required to be delivered by the Agent pursuant to Section 8.6(g), the Agent shall provide a copy of such item to the party requesting it or
to the parties entitled thereto, as applicable. 
 (f) [Reserved]. 

(g) Notwithstanding the completion of the closing under this Agreement pursuant to Section 5.3, each condition
precedent in connection with the closing may be subsequently enforced as a covenant obligation of the Lessee by the Agent (unless such has been expressly waived in writing by the Agent). 

 

	 	5.3	Conditions Precedent for the Agent, the Credit Lenders, the Mortgage Lenders and the Lessor Relating to the Closing Date. 

The obligations on the Closing Date of the Agent, the Credit Lenders, the Mortgage Lenders and the Lessor to enter into the transactions
contemplated by this Agreement, including without limitation the obligation of each party to execute and deliver the applicable Operative Agreements to which it is a party and of the Lessor, the Credit Lenders and the Mortgage Lenders to make the
payments described in Section 1 of this Agreement (which payments, as described in such Section 1, will result, pursuant to the Assignment and Recharacterization Agreement, in the purchase of rights and obligations deemed to
be the Lessor Advance (in the case of the Lessor) and purchased and recharacterized as Credit Loans (in the case 
  

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of the Credit Lenders) and Mortgage Loans (in the case of the Mortgage Lenders)) (collectively, the Lessor Advance, the Mortgage Loans and the Credit Loans made on the Closing Date may be
referred to as the “Advance”), are subject to the satisfaction or waiver of the following conditions precedent on or prior to the Closing Date (it being agreed that (i) to the extent such conditions precedent require the
delivery of any agreement, certificate, instrument, memorandum, legal or other opinion, appraisal, commitment, title insurance endorsements or commitments, lien report or any other document of any kind or type, such shall be in form and substance
satisfactory to the Agent and the Primary Financing Parties, in their reasonable discretion, and (ii) notwithstanding the foregoing, the obligations of each party shall not be subject to any conditions contained in this Section 5.3
which are required to be performed by such party): 
 (a) the correctness on the Closing Date of the
representations and warranties of the parties to this Agreement contained herein, in each of the other Operative Agreements and each certificate delivered pursuant to any Operative Agreement; 

(b) the performance by the parties to this Agreement of their respective agreements contained herein and in the other
Operative Agreements to be performed by them on or prior to such date; 
 (c) the Agent and the Primary Financing
Parties shall have received fully executed counterpart copies of the Requisition, appropriately completed; 
 (d)
title to the Property shall conform to the representations and warranties set forth in Section 6.2(q) hereof; 

(e) the Lessee shall have delivered to the Agent and the Primary Financing Parties a good standing certificate for the
Lessee in Florida and shall have previously delivered the Deed with respect to each parcel of Land and existing Improvements (or Ground Lease thereof, if applicable) respecting the Property previously acquired; 

(f) there shall not have occurred and be continuing any Default or Event of Default and no Default or Event of Default
will have occurred after giving effect to the Advance requested by the Requisition; 
 (g) the Lessee shall have
delivered to the Agent and the Primary Financing Parties separate title insurance endorsements for the existing title policies in connection with the Existing Operative Agreements for the Credit Loans, the Mortgage Loans and the Lessor Advance, in
favor of the Lessor and the Agent from a title insurance company reasonably acceptable to the Agent and the Primary Financing Parties, but only with such title exceptions thereto as are reasonably acceptable to the Agent and the Primary Financing
Parties; 
 (h) the Lessee shall have delivered to the Agent and the Primary Financing Parties an environmental
site assessment respecting the Property prepared by an independent recognized professional reasonably acceptable to the Agent and the Primary Financing Parties in form and substance satisfactory to the Agent and the Primary Financing Parties;

 (i) the Lessee shall have delivered to the Agent and the Primary Financing Parties an ALTA survey (with a
flood hazard certification) respecting the Property prepared by (i) an independent recognized professional reasonably acceptable to the Agent and the Primary Financing Parties and (ii) in a manner and including such information as is
reasonably required by the Agent and the Primary Financing Parties, to the extent such survey is necessary in order to obtain the title insurance endorsements referenced in Section 5.3(g); 

 

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 (j) the Lessee shall have caused to be delivered to the Agent and the
Primary Financing Parties a legal opinion in such form as is reasonably acceptable to the Agent and the Primary Financing Parties with respect to local law real property issues respecting each state in which the Property is located addressed to the
Lessor, the Agent and the other Primary Financing Parties, from counsel located in the state where the Property is located, prepared by counsel reasonably acceptable to the Agent and the Primary Financing Parties; 

(k) the Agent and the Primary Financing Parties shall be satisfied that the acquisition of the Property and the execution
of the Mortgage Instruments and the other Security Documents will not materially and adversely affect the rights of the Lessor, the Agent or the other Primary Financing Parties under or with respect to the Operative Agreements; 

(l) the Lessee shall have delivered to the Agent and the Primary Financing Parties invoices for, or other reasonably
satisfactory evidence of, the various Transaction Expenses and other fees, expenses and disbursements referenced in Section 7 of this Agreement, as appropriate; 

(m) the Lessee shall have caused to be delivered to the Agent and the Primary Financing Parties, Mortgage Instruments and
the other Security Documents (in such form as is reasonably acceptable to the Agent and the Primary Financing Parties, with revisions as necessary to conform to applicable state law), Lessor Financing Statements and Primary Financing Party Financing
Statements respecting the Property, all fully executed and in recordable form; 
 (n) [Reserved]; 

(o) the Lessee shall have delivered to the Agent with respect to the Property a Lease Supplement and a memorandum (or
short form lease) regarding the Lease and such Lease Supplement (such memorandum or short form lease to be in the form attached to the Lease as Exhibit B or in such other form as is acceptable to the Agent, with modifications as
necessary to conform to applicable state law, and in form suitable for recording); 
 (p) [Reserved]; 

(q) [Reserved]; 

(r) the Lessee shall have provided evidence to the Agent and the Primary Financing Parties of insurance with respect to
the Property as provided in the Lease; 
 (s) the Lessee shall have caused an Appraisal regarding the Property to
be provided to the Agent and the Primary Financing Parties from an appraiser satisfactory to the Agent and the Primary Financing Parties; 

(t) the Lessee shall cause (i) Uniform Commercial Code lien searches, tax lien searches and judgment lien searches
regarding the Lessor and the Lessee to be conducted (and copies thereof to be delivered to the Agent and the Primary Financing Parties) in such jurisdictions as determined by the Agent by a nationally recognized search company acceptable to the
Agent and (ii) the liens referenced in such lien searches which are objectionable to the Agent to be either removed or otherwise handled in a manner satisfactory to the Agent; 

 

 6 

 (u) all taxes, fees and other charges in connection with the execution,
delivery, recording, filing and registration of the Operative Agreements and/or documents related thereto shall have been paid or provisions for such payment shall have been made to the satisfaction of the Agent; 

(v) in the reasonable opinion of the Agent and the Primary Financing Parties and their respective counsel, the
transactions contemplated by the Operative Agreements do not and will not subject the Lessor, the other Primary Financing Parties or the Agent to any adverse regulatory prohibitions, constraints, penalties or fines; 

(w) each of the Operative Agreements to be entered into on such date shall have been duly authorized, executed and
delivered by the parties thereto, and shall be in full force and effect, and the Agent and the Primary Financing Parties shall have received a fully executed copy of each of the Operative Agreements; 

(x) [Reserved]; 

(y) the Agent and the Primary Financing Parties shall have received an Officer’s Certificate, dated as of the Closing
Date, of the Lessee in the form attached hereto as Exhibit C or in such other form as is reasonably acceptable to the Agent and the Primary Financing Parties stating that (i) each and every representation and warranty of the Credit
Parties contained in the Operative Agreements to which any Credit Party is a party is true and correct on and as of the Closing Date; (ii) no Default or Event of Default has occurred and is continuing under any Operative Agreement;
(iii) each Operative Agreement to which any Credit Party is a party is in full force and effect with respect to it except as the same may be limited by applicable bankruptcy, insolvency, fraudulent transfer or conveyance, reorganization,
moratorium or other similar laws relating to or affecting creditors’ or lessors’ rights generally and general principles of equity; and (iv) each Credit Party has duly performed and complied with all covenants, agreements and
conditions contained herein or in any Operative Agreement required to be performed or complied with by it on or prior to the Closing Date; 

(z) the Agent and the Primary Financing Parties shall have received (i) a certificate of the Secretary or an
Assistant Secretary of each Credit Party, dated as of the Closing Date, in the form attached hereto as Exhibit D or in such other form as is reasonably acceptable to the Agent and the Primary Financing Parties attaching and certifying as
to (1) the resolutions of the Board of Directors of such Credit Party duly authorizing the execution, delivery and performance by such Credit Party of each of the Operative Agreements to which it is or will be a party, (2) the articles of
incorporation of such Credit Party certified as of a recent date by the Secretary of State of its state of incorporation and its by-laws and (3) the incumbency and signature of persons authorized to execute and deliver on behalf of such Credit
Party the Operative Agreements to which it is or will be a party and (ii) a good standing certificate (or local equivalent) from the respective states where such Credit Party is incorporated and where the principal place of business of such
Credit Party is located as to its good standing in each such state; 
 (aa) there shall not have occurred any
material adverse change in the consolidated assets, liabilities, operations, business or condition (financial or otherwise) of the Lessee (on a consolidated basis) from that set forth in the most recent audited consolidated financial statements of
the Lessee which have been provided to the Agent and the Primary Financing Parties; 
 (bb) the Agent, the
Lessee, the Credit Lenders and the Mortgage Lenders shall have received an Officer’s Certificate of the Lessor dated as of the Closing Date in the form attached 

 

 7 

 
hereto as Exhibit E or in such other form as is reasonably acceptable to the Agent and the Lessee, stating that (i) each and every representation and warranty of the Lessor
contained in the Operative Agreements to which it is a party is true and correct on and as of the Closing Date, (ii) each Operative Agreement to which the Lessor is a party is in full force and effect with respect to it, (iii) the Lessor
has duly performed and complied with all covenants, agreements and conditions contained herein or in any Operative Agreement required to be performed or complied with by it on or prior to the Closing Date and (iv) no Default or Event of Default
attributable solely to Lessor has occurred and is continuing under any Operative Agreement; 
 (cc) the Agent,
the Lessee, the Credit Lenders and the Mortgage Lenders shall have received (i) a certificate of the Secretary or an Assistant Secretary of the Lessor in the form attached hereto as Exhibit F or in such other form as is reasonably
acceptable to the Agent and the Lessee, attaching and certifying as to (A) the signing resolutions duly authorizing the execution, delivery and performance by the Lessor of each of the Operative Agreements to which it is or will be a party,
(B) its articles of incorporation certified as of a recent date by the Secretary of State of its state of incorporation and its by-laws and (C) the incumbency and signature of persons authorized to execute and deliver on its behalf the
Operative Agreements to which it is a party and (ii) a good standing certificate from the appropriate governmental authority in the jurisdiction of the Lessor’s organization and in Florida; 

(dd) counsel for the Lessor acceptable to the Agent shall have issued to the Lessee, the Primary Financing Parties and the
Agent its opinion in such form as is reasonably acceptable to the Agent and the Primary Financing Parties and the Lessee; 

(ee) the Lessee shall have caused to be delivered to the Agent and the Primary Financing Parties a legal opinion in such
form as is reasonably acceptable to the Agent and the Primary Financing Parties, addressed to the Lessor, the Agent and the Primary Financing Parties, from counsel reasonably acceptable to the Agent; 

(ff) [Reserved]; 

(gg) no Casualty and no Condemnation respecting the Property shall have occurred and no action shall be pending or
threatened by a Governmental Authority to initiate a Condemnation with respect to the Property; and 
 (hh)
[Reserved]. 
 5.4 [Reserved]. 

5.5 [Reserved]. 

5.6 [Reserved]. 

5.7 Restrictions on Liens. 

On the Closing Date, the Lessee shall cause the Property to be free and clear of all Liens except those referenced in
Sections 6.2(u)(i) and 6.2(u)(ii). On the date the Property is either sold to a third party in accordance with the terms of the Operative Agreements or, pursuant to Section 22.1(a) of the Lease Agreement, retained by
the Lessor, the Lessee shall cause the Property to be free and clear of all Liens (other than Lessor Liens and such other Liens that are expressly set forth as title exceptions on the title insurance policies with the endorsements thereto issued
under Section 5.3(g) with respect to the Property, to the extent such title insurance policies and endorsements have been approved by the Agent). 
  

 8 

 5.8 [Reserved]. 

5.9 [Reserved]. 

5.10 Payments. 

All payments of Rent, and other amounts payable to any Financing Party to be made by the Lessee under this Agreement or any other
Operative Agreements (excluding Excepted Payments which shall be paid directly to the party to whom such payments are owed) shall be made to the Agent at the office designated by the Agent from time to time by written notice as provided herein in
Dollars and in immediately available funds, without setoff, deduction, or counterclaim. Subject to the definition of “Interest Period” in Appendix A attached hereto, whenever any payment under this Agreement or any other
Operative Agreements shall be stated to be due on a day that is not a Business Day, such payment may be made on the next succeeding Business Day, and such extension of time in such case shall not be included in the computation of interest and fees
payable pursuant to the Operative Agreements, as applicable and as the case may be. 
 5.11 Amounts Due Under Lease.

 Each Credit Party, the Lessor, the Agent, each Credit Lender and each Mortgage Lender intends that, subject to the
provisions of the Operative Agreements: (i) the amount and timing of installments of Basic Rent due and payable from time to time under the Lease shall be equal to the aggregate payments due and payable as scheduled interest on the Credit Loans
and the Mortgage Loans and the scheduled Lessor Yield on the Lessor Advance on each Scheduled Interest Payment Date; (ii) if the Lessee elects the Purchase Option or becomes obligated or otherwise elects to purchase the Property under the
Lease, then the Credit Notes, the Mortgage Notes, the Lessor Advance, all accrued and unpaid interest and Lessor Yield thereon, and all other obligations of the Credit Parties owing to the Primary Financing Parties under the Operative Agreements
shall be paid by the Lessee with a payment of Supplemental Rent in an amount equal to the Termination Value for the Property; and (iii) if the Lessee properly elects the Sale Option with respect to the Property, the Lessee shall be required to
pay to the Agent the Maximum Residual Guarantee Amount on the Expiration Date, together with all other amounts then due and payable as Supplemental Rent in respect of the Lease. 

SECTION 5B 

LESSOR ADVANCE 

5B.1 Procedure for Lessor Advance. 

Upon receipt from Lessee by the Agent of a Requisition pursuant to Section 4.2, and subject to the terms and conditions of
this Agreement and payment by the Lessor of the amounts described in the Assignment and Recharacterization Agreement, the Lessor shall be deemed to have made an Advance under the Lessor Commitment equal to $3,900,000 in such Requisition on the
Closing Date. The Lessor Advance shall be based on the Eurodollar Rate or the ABR, as designated by the Lessee in the Requisition. 
  

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 5B.2 Lessor Yield. 

(a) The Lessor Advance shall bear yield calculated at the rate of Lessor Yield applicable from time to time. The Lessee
shall pay as Basic Rent to the Agent for distribution to the Lessor the Lessor Yield in arrears on each Scheduled Interest Payment Date or as otherwise provided herein. 

(b) If all or a portion of Lessor Yield shall not be received by the Lessor (or the Agent on behalf of the Lessor) when
due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall, without limiting the rights of the Lessor hereunder or under any other Operative Agreement, bear interest at the Lessor Overdue Rate, in each case from
the date of nonpayment until paid (whether after or before judgment) and shall be paid upon demand. Upon the occurrence and during the continuation of any Event of Default, Lessor Yield shall be calculated at the Lessor Overdue Rate. 

5B.3 Scheduled Return of Lessor Advance. 

The outstanding amount of the Lessor Advance shall be due in full on the Expiration Date. On the Expiration Date, subject to the terms of
this Agreement, the Lessor (or the Agent on behalf of the Lessor) shall receive from the Lessee as Basic Rent under the Lease the outstanding amount of the Lessor Advance then due, together with all accrued but unpaid Lessor Yield and all other
amounts due to Lessor under the Operative Agreements. 
 5B.4 Early Return of Lessor Advance. 

(a) Subject to Section 5B.4(a) or (b) and Sections 11.2(e), 11.3 and
11.4 of this Agreement, the Lessor Advance may at any time be prepaid by the Lessee as a payment of Supplemental Rent, in whole or in part, without premium or penalty, upon at least three (3) Business Days’ irrevocable notice to the
Agent, specifying the date and amount of prepayment of the Lessor Advance. Upon receipt of such notice, the Agent shall promptly notify the Lessor thereof. If such notice is given, the amount specified in such notice shall be due and payable on the
date specified therein. Amounts prepaid shall not be re-advanced. 
 (b) If on any date the Agent or the Lessor
shall receive any payment in respect of (i) any Casualty, Condemnation or Environmental Violation pursuant to Sections 15.1(a) or 15.1(g) or Article XVI of the Lease (excluding any payments in respect thereof
which are payable to Lessee in accordance with the Lease), or (ii) the Termination Value of the Property in connection with the delivery of a Termination Notice pursuant to Article XVI of the Lease, or (iii) the Termination
Value of the Property or such other applicable amount in connection with the exercise of a Purchase Option under Article XX of the Lease or the exercise of the option of the Lessor to transfer the Property to the Lessee pursuant to
Section 20.3 of the Lease, then in each case, the Agent or the Lessor shall receive such payment to be distributed, subject to the requirements of Section 8.7 of this Agreement, in a manner as the Financing Parties shall from
time to time agree. 
 (c) Each prepayment of the Lessor Advances pursuant to Section 5B.4(a) shall
be allocated to reduce the Lessor Property Cost of the Property immediately before giving effect to such prepayment. 

(d) The Lessee shall not be permitted to prepay the Lessor Advance in accordance with Section 5B.4(a) unless,
concurrently with such prepayment, Lessee (with a payment of 
  

 10 

 
Supplemental Rent) shall also cause (i) each of the Credit Loans to be prepaid and (ii) each of the Mortgage Loans to be prepaid, in each case (including the payment to Lessor of all or
a portion of the Lessor Advance) ratably based on such Primary Financing Party’s share of the Financing then outstanding. 

5B.5 Conversion and Continuation Options. 

(a) The Lessee may elect from time to time to convert Eurodollar Lessor Advances to ABR Lessor Advances by giving the
Lessor at least three (3) Business Days’ prior irrevocable notice of such election, provided, that any such conversion may only be made on the last day of an Interest Period with respect thereto, and provided, further,
to the extent an Event of Default has occurred and is continuing on the last day of any such Interest Period, the applicable Eurodollar Lessor Advances shall automatically be converted to ABR Lessor Advances. The Lessee may elect from time to time
to convert ABR Lessor Advances to Eurodollar Lessor Advances by giving the Lessor at least three (3) Business Days’ prior irrevocable notice of such election. All or any part of outstanding Lessor Advance may be converted as provided
herein, provided, that (i) no ABR Lessor Advance may be converted into a Eurodollar Lessor Advance after the date that is one (1) month prior to the Expiration Date and (ii) such notice of conversion regarding any Eurodollar
Lessor Advance shall contain an election by the Lessee of an Interest Period for such Eurodollar Lessor Advance to be created by such conversion and such Interest Period shall be in accordance with the terms of the definition of the term
“Interest Period” including without limitation subparagraphs (A) through (D) thereof. 
 (b)
Each Eurodollar Lessor Advance shall automatically be continued as such upon the expiration of the then current Interest Period with respect thereto for an Interest Period of equal duration to the immediately preceding Interest Period,
provided, that no Eurodollar Lessor Advance may be continued as such after the date that is one (1) month prior to the Expiration Date, provided, further, no Eurodollar Lessor Advance may be continued as such if a Lease
Event of Default has occurred and is continuing as of the last day of the Interest Period for such Eurodollar Lessor Advance, and provided, further, if any continuation is not permitted pursuant to the preceding provisos, such
Eurodollar Lessor Advance shall automatically be converted to an ABR Lessor Advance on the last day of such then expiring Interest Period. 

5B.6 Computation of Lessor Yield. 

(a) Lessor Yield shall be calculated on the basis of a year of three hundred sixty (360) days for the actual days
elapsed. Any change in the Lessor Yield resulting from a change in the Eurodollar Reserve Percentage shall become effective as of the opening of business on the day on which such change becomes effective. 

(b) Pursuant to Section 12.12 of this Agreement, the calculation of Lessor Yield under this
Section 5B.6 shall be made by the Agent. Each determination of Lessor Yield by the Agent shall be conclusive and binding in the absence of manifest error. 

(c) If the Eurodollar Rate cannot be determined by the Agent in the manner specified in the definition of the term
“Eurodollar Rate”, then commencing on the Scheduled Interest Payment Date next occurring and continuing until such time as the Eurodollar Rate can be determined by the Agent in the manner specified in the definition of such term, the
outstanding Lessor Advance shall bear a yield based on the ABR. 
  

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 SECTION 6 

REPRESENTATIONS AND WARRANTIES 

6.1 Representations and Warranties of the Borrower. 

The Borrower represents and warrants to each of the other parties hereto that as of the Closing Date (except to the extent any such
representation or warranty relates to an earlier date): 
 (a) It is a corporation duly organized and validly
existing and in good standing under the laws of the State of North Carolina, is qualified to do business in each jurisdiction necessary to permit the Borrower to own and lease the Property and perform its obligations under each of the Operative
Agreements and has the power and authority to enter into and perform its obligations under each of the Operative Agreements to which it is or will be a party and each other agreement, instrument and document to be executed and delivered by it on or
before such Closing Date in connection with or as contemplated by each such Operative Agreement to which the Borrower is or will be a party. Lessor is a multi-purpose, Wholly-Owned Entity of Wells Fargo & Company; 

(b) The execution, delivery and performance of each Operative Agreement to which it is or will be a party has been duly
authorized by all necessary action on its part and neither the execution and delivery thereof, nor the consummation of the transactions contemplated thereby, nor compliance by it with any of the terms and provisions thereof (i) does or will
require any approval or consent of any trustee or holders of any of its indebtedness or obligations or any other consent or approval that has not previously been obtained, (ii) does or will contravene any Legal Requirement, (iii) does or
will contravene or result in any breach of or constitute any default under, or result in the creation of any Lien upon any of its property under, (A) its charter or by-laws, or (B) any indenture, mortgage, chattel mortgage, deed of trust,
conditional sales contract, bank loan or credit agreement or other agreement or instrument to which it is a party or by which it or its properties may be bound or affected, which contravention, breach, default or Lien under clause (B) could
reasonably be expected to materially and adversely affect its ability to perform its obligations under the Operative Agreements to which it is a party or would question the validity or enforceability of any of the Operative Agreements to which it is
or will become a party or (iv) does or will require any Governmental Action by any Governmental Authority; 

(c) Each Operative Agreement to which the Borrower is or will be a party have been, or on or before such Closing Date will
be, duly executed and delivered by the Borrower, and each Operative Agreement to which the Borrower is a party constitutes, or upon execution and delivery will constitute, a legal, valid and binding obligation enforceable against the Borrower in
accordance with the terms thereof; 
 (d) There is no action or proceeding pending or, to its knowledge,
threatened to which it is or will be a party before any Governmental Authority that, if adversely determined, would materially and adversely affect its ability to perform its obligations under the Operative Agreements to which it is a party or would
question the validity or enforceability of any of the Operative Agreements to which it is or will become a party; 

(e) The Borrower has not assigned or transferred any of its right, title or interest in or under the Lease or its interest
in the Property or any portion thereof, except in accordance with the Operative Agreements; 
  

 12 

 (f) No Default or Event of Default under the Operative Agreements
attributable to it has occurred and is continuing; 
 (g) Except as otherwise contemplated in the Operative
Agreements, the proceeds of the Advance shall not be applied by the Borrower for any purpose other than as described in Section 1 of this Agreement; 

(h) Neither the Borrower nor any Person authorized by the Borrower to act on its behalf has offered or sold any interest
in the Borrower’s Interest or the Notes, or in any similar security relating to the Property, or in any security the offering of which for the purposes of the Securities Act would be deemed to be part of the same offering as the offering of the
aforementioned securities to, or solicited any offer to acquire any of the same from, any Person other than the Credit Lenders and Mortgage Lenders identified and contacted by the Agent and seventy-five (75) other institutional investors and
neither the Borrower nor any Person authorized by the Borrower to act on its behalf will take any action which would subject, as a direct result of such action alone, the issuance or sale of any interest in the Borrower’s Interest or the Notes
to the provisions of Section 5 of the Securities Act or require the qualification of any Operative Agreement under the Trust Indenture Act of 1939, as amended; 

(i) The location of the Borrower for purposes of the UCC is North Carolina. The Borrower’s principal place of
business, chief executive office and office where the documents, accounts and records relating to the transactions contemplated by this Agreement and each other Operative Agreement are kept are located at 301 South College Street, Charlotte,
North Carolina 28288; 
 (j) The Borrower is not engaged principally in, and does not have as one (1) of its
important activities, the business of extending credit for the purpose of purchasing or carrying any margin stock (within the meaning of Regulation U), and no part of the proceeds from the Credit Loans, the Mortgage Loans or the Lessor Advance
will be used by it to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock or for any purpose that violates, or is inconsistent with, the provisions of Regulations T,
U, or X; 
 (k) The Borrower is not an “investment company” or a company controlled by an
“investment company” within the meaning of the Investment Company Act; 
 (l) The Property is free and
clear of all Lessor Liens attributable to the Lessor; 
 (m) The Borrower’s true legal name as registered in
the jurisdiction of its organization is “Wachovia Development Corporation” and its Federal Employer Identification Number is 56-1610288. During the five (5) year period immediately prior to the Closing Date, the true legal name
of the Borrower has not been other than “Wachovia Development Corporation” or “First Union Development Corporation”. The Borrower does not use, or transact and has not used, or transacted within the five (5) years
immediately prior to the Closing Date any business under, any trade name other than its current or prior legal name referenced in the preceding sentence; 

(n) The Borrower has filed all tax returns and all other material reports that are required under applicable Law to be
filed by them and has paid all taxes or other charges of any Governmental Authority due pursuant to such returns or other reports, except for any taxes or other charges that are being diligently contested in good faith by appropriate proceedings and
for which adequate reserves have been set aside on the books and records of the Borrower; 
  

 13 

 (o) No more than 95% non-recourse debt was used to finance the
Borrower’s acquisition of the Property, with the remainder of the Property Cost financed with either non-targeted equity or recourse debt; 

(p) The fair market value of the Property (based on the Appraisal) represents less than 50% of the fair market value of
the total assets of the Borrower; and 
 (q) Lessor’s financial statements are consolidated with the
financial statements of Wells Fargo & Company. 
 6.2 Representations and Warranties of the Credit
Parties. 
 Each Credit Party represents and warrants to each of the other parties hereto that as of the Closing Date
(except to the extent that any such representation or warranty relates to an earlier date): 
 (a) Each of the
Lessee and its Subsidiaries is duly organized, validly existing and, except for the matter set forth in Schedule 6.2(a), in good standing under the laws of the jurisdiction of its organization, has all requisite power and authority to
carry on its business as now conducted and, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, is qualified to do business in, and is in good standing in,
every jurisdiction where such qualification is required. 
 (b) The Transactions are within the Lessee’s or
Guarantor’s, as the case may be, corporate powers and have been duly authorized by all necessary corporate and, if required, stockholder action. Each of the Operative Agreements (to which the Lessee or any Guarantor is a party) has been duly
executed and delivered by the Lessee or the Guarantors, as applicable, and constitutes a legal, valid and binding obligation of the Lessee or the Guarantors, as applicable, enforceable in accordance with its terms, subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

(c) The Transactions (i) do not require any consent or approval of, registration or filing with, or any other action
by, any Governmental Authority, except such as have been obtained or made and are in full force and effect, (ii) will not violate any applicable law or regulation or the charter, by-laws or other organizational documents of the Lessee or any of
its Subsidiaries or any order of any Governmental Authority, (iii) will not violate or result in a default under any indenture, agreement or other instrument binding upon the Lessee or any of its Subsidiaries or its assets, or give rise to a
right thereunder to require any payment to be made by the Lessee or any of its Subsidiaries, and (iv) will not result in the creation or imposition of any Lien on any asset of the Lessee or any of its Subsidiaries. 

(d)(i) The Lessee has heretofore furnished to the Lessor and the Lenders its consolidated balance sheet and statements of income,
stockholders equity and cash flows (A) as of and for the fiscal year ended December 31, 2009, reported on by Ernst & Young LLP, independent public accountants, and (B) as of and for the fiscal quarter and the portion of the
fiscal year ended March 31, 2010, certified by its chief financial officer. Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of the Lessee and its consolidated
Subsidiaries as of 
  

 14 

 
such dates and for such periods in accordance with GAAP, subject to year-end audit adjustments and the absence of footnotes in the case of the statements referred to in clause (B) above.

 (ii) Since December 31, 2009, there has been no event, occurrence or other matter that could reasonably
be expected, individually or in the aggregate, to result in a Material Adverse Effect. 
 (e)(i) Each of the Lessee and its
Subsidiaries has good title to, or valid leasehold interests in, all its real and personal property material to its business, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or
to utilize such properties for their intended purposes. 
 (ii) Each of the Lessee and its Subsidiaries owns, or
is licensed to use, all trademarks, tradenames, copyrights, patents and other intellectual property material to its business, and the use thereof by the Lessee and its Subsidiaries does not infringe upon the rights of any other Person, except for
any such infringements that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

(f)(i) There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the
knowledge of the Lessee, threatened against or affecting the Lessee or any of its Subsidiaries (A) as to which there is a reasonable possibility of an adverse determination and that, if adversely determined, could reasonably be expected,
individually or in the aggregate, to result in a Material Adverse Effect (other than the Disclosed Matters) or (B) that involve any of the Operative Agreements or the Transactions. 

(ii) Except for the Disclosed Matters and except with respect to any other matters that, individually or in the aggregate,
could not reasonably be expected to result in a Material Adverse Effect, neither the Lessee nor any of its Subsidiaries (A) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other
approval required under any Environmental Law, (B) has become subject to any Environmental Liability, (C) has received notice of any claim with respect to any Environmental Liability or (D) knows of any basis for any Environmental
Liability. 
 (iii) Since the date of this Agreement, there has been no change in the status of the Disclosed
Matters that, individually or in the aggregate, has resulted in, or materially increased the likelihood of, a Material Adverse Effect. 

(g) The Lessee and each Subsidiary is in compliance with all laws, regulations and orders of any Governmental Authority
applicable to it or its property and all indentures, agreements and other instruments binding upon it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material
Adverse Effect. No Lease Default or Lease Event of Default has occurred and is continuing. 
 (h) Neither the
Lessee nor any of its Subsidiaries is an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940. 

(i) The Lessee and each Subsidiary has timely filed or caused to be filed all Tax returns and reports required to have
been filed and has paid or caused to be paid all Taxes required to have been paid by it, except (a) Taxes that are being contested in good faith by 

 

 15 

 
appropriate proceedings and for which the Lessee or such Subsidiary, as applicable, has set aside on its books adequate reserves in accordance with GAAP and (b) to the extent that the
failure to do so could not reasonably be expected to result in a Material Adverse Effect. 
 (j) No ERISA Event
has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect. The present value of
all accumulated benefit obligations of all underfunded Plans (based on the assumptions used for purposes of Statement of Financial Accounting Standards No. 87) did not, as of the end of the most recent fiscal period for which financial
statements have been delivered pursuant to Section 8.3A.1(a) or (b), exceed by more than $125,000,000 the fair market value of the assets of all such underfunded Plans. 

(k) Neither the Information Memorandum nor any of the other reports, financial statements, certificates or other
information furnished by or on behalf of the Lessee to the Agent, the Lessor or any Lender in connection with the negotiation of the Operative Agreements or delivered hereunder (as modified or supplemented by other information so furnished) contains
any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, when taken as a whole, not misleading; provided that, with respect
to projected financial information, the Lessee represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time. 

(l) Neither the Lessee nor any Subsidiary is engaged principally, or as one of its important activities, in the business
of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of the Lessor Advance or any Loan will be used,
whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. 

(m) Schedule 6.2(m) contains an accurate list of all Material Subsidiaries on the date hereof, setting forth
their respective jurisdictions of organization and the percentage of their respective ownership interest held by the Lessee or other Subsidiaries. All of the issued and outstanding shares of capital stock of the Material Subsidiaries have been duly
authorized and issued and are fully paid and non-assessable. 
 (n) None of the Lessee or any Subsidiary nor, to
the knowledge of the Lessee, any director, officer, agent, employee or Affiliate of the Lessee or any Subsidiary is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department
(“OFAC”); and the Lessee will not directly or indirectly use the proceeds of the Lessor Advance and the Loans or otherwise make available such proceeds to any Person for the purpose of financing the activities of any Person
currently subject to any U.S. sanctions administered by OFAC. 
 (o) The principal place of business, chief
executive office, location for purposes of the UCC and office of the Lessee where the documents, accounts and records relating to the transactions contemplated by this Agreement and each other Operative Agreement are kept are located at 201 East
Fourth Street, Cincinnati, Hamilton County, Ohio 45202, and the states of formation, location for purposes of the UCC and the chief executive offices of each other Credit Party are located at the places set forth in Exhibit L;

  

 16 

 (p) The representations and warranties of each Credit Party set forth in any
of the Operative Agreements are true and correct in all material respects on and as of each such date as if made on and as of such date. Each Credit Party is in all material respects in compliance with its obligations under the Operative Agreements
and there exists no Lease Default or Lease Event of Default under any of the Operative Agreements which is continuing and which has not been cured within any cure period expressly granted under the terms of the applicable Operative Agreement or
otherwise waived in accordance with the applicable Operative Agreement. No Lease Default or Lease Event of Default will occur under any of the Operative Agreements as a result of, or after giving effect to, the Advance requested by the Requisition
on the Closing Date; 
 (q) Lessor has good and marketable fee simple title to the Property, or, if any portion
of the Property is the subject of a Ground Lease, the Lessor will have a valid ground leasehold interest enforceable against the ground lessor of such portion of the Property in accordance with the terms of such Ground Lease, subject only to
(i) Liens that are expressly set forth as title exceptions on the title insurance policies with endorsements thereto issued in accordance with Section 5.3(g) with respect to the Property on the Closing Date and (ii) subject to
Section 5.7, Permitted Liens after the Closing Date; 
 (r) No portion of the Property is located in
an area identified as a special flood hazard area by the Federal Emergency Management Agency or other applicable agency, or if the Property is located in an area identified as a special flood hazard area by the Federal Emergency Management Agency or
other applicable agency, then flood insurance has been obtained for the Property in accordance with Section 14.2(b) of the Lease and in accordance with the National Flood Insurance Act of 1968, as amended; 

(s) The Property complies with all Insurance Requirements and all standards of Lessee with respect to similar properties
owned by Lessee; 
 (t) The Property complies with all Legal Requirements as of such date (including without
limitation all zoning and land use laws and Environmental Laws), except to the extent that failure to comply therewith, individually or in the aggregate, shall not have and could not reasonably be expected to have a Material Adverse Effect;

 (u)(i) The Security Documents create, as security for the Obligations (as such term is defined in the Security Agreement),
valid and enforceable security interests in, and Liens on, all of the Collateral, in favor of the Agent, for the benefit of the Secured Parties and such security interests and Liens are subject to no other Liens other than Liens that are expressly
set forth as title exceptions on the title insurance policies with endorsements thereto issued in accordance with Section 5.3(g) with respect to the Property; and 

(ii) The Lease Agreement creates, as security for the obligations of the Lessee under the Lease Agreement, valid and
enforceable security interests in, and Liens on, the Property leased thereunder, in favor of the Lessor, and such security interests and Liens are subject to no other Liens other than Liens that are expressly set forth as title exceptions on the
title insurance policies with endorsements thereto issued in accordance with Section 5.3(g) with respect to the Property; 
  

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 (v) Except as otherwise could not reasonably be expected to have a Material
Adverse Effect, to the knowledge of the Credit Parties: 
 (i) The Property (including soils, surface waters,
groundwaters on, at or under the Property) neither contains nor is otherwise affected by, and to Lessee’s knowledge has not previously contained or been affected by, any Hazardous Substance in amounts or concentrations which (A) constitute
or constituted a violation of applicable Environmental Laws or (B) could give rise to liability or obligation under applicable Environmental Laws; 

(ii) The Property and all operations conducted in connection therewith are in compliance, and have been in compliance,
with all applicable Environmental Laws, and there are no Hazardous Substances at, under or about the Property or such operations which could reasonably be expected to interfere with the continued operation of the Property; 

(iii) Lessee and all Subsidiaries of Lessee have obtained, are in compliance with, and have made all appropriate filings
for issuance or renewal of, all environmental permits with respect to the Property, and all such environmental permits are in full force and effect; 

(iv) Neither Lessee nor any Subsidiary thereof has received any notice of violation, alleged violation, noncompliance,
liability or potential liability regarding environmental matters or compliance with Environmental Laws, in each case, with respect to the Property, nor does Lessee have knowledge or reason to believe that any such notice will be received or is being
threatened; 
 (v) Hazardous Substances have not been transported or disposed of from the Property in violation
of, or in a manner or to a location which could reasonably be expected to give rise to liability under, applicable Environmental Laws, nor have any Hazardous Substances been generated, treated, stored or disposed of at, on or under the Property in
violation of, or in a manner which could reasonably be expected to give rise to liability under, any applicable Environmental Laws; 

(vi) No judicial proceedings or governmental or administrative action is pending, or threatened, under any applicable
Environmental Law with respect to the Property to which Lessee or any Subsidiary thereof has been or will be named as a party, 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 applicable Environmental Law with respect to the Property; 

(vii) There has been no release, or threat of release, of Hazardous Substances at or from the Property, in violation of or
in amounts or in a manner that could reasonably be expected to give rise to liability under applicable Environmental Laws; and 

(viii) Neither Lessee nor any Subsidiary of Lessee (A) has failed to comply with any applicable Environmental Law or
to obtain, maintain or comply with any applicable permit, license or other approval required under any applicable Environmental Law or (B) has become subject to any Environmental Law or (C) has become subject to any Environmental Claim;

  

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 (w) Neither the Lessee nor anyone authorized to act on the Lessee’s
behalf has, directly or indirectly, solicited any offers to acquire, offered or sold: (i) any interest in the Property, the Lease or the Operative Agreements in violation of Section 5 of the Securities Act or any state securities laws, or
(ii) any interest in any security or lease the offering of which, for purposes of the Securities Act or any state securities laws, would be deemed to be part of the same offering as the offering of the aforementioned interests. Neither the
Lessee nor anyone authorized to act on its behalf was involved in selling Notes (or any similar securities) to any Person other than the Credit Lenders and Mortgage Lenders identified and contacted by the Agent and seventy-five (75) other
institutional investors; 
 (x) The true legal name of the Lessee as registered in the jurisdiction of its
organization is and has been for at least five (5) years or, if less, since its formation “Convergys Corporation” and its Federal Employer Identification number is 31-1598292. The Lessee does not use or transact, and has not used or
transacted within the five (5) years immediately prior to the Closing Date or, if less, since its formation, any business under any trade name other than its legal name; and 

(y) The outstanding balance of the Property Cost on the Closing Date does not exceed the fair market value of the
Property, based on the Appraisal. 
 SECTION 6B 

GUARANTY 

6B.1 Guaranty of Payment and Performance. 

Subject to Section 6B.7, each Guarantor hereby, jointly and severally, absolutely, irrevocably and unconditionally guarantees
to each Financing Party the prompt payment and performance of the Company Obligations in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) or when such is otherwise to be performed; provided,
notwithstanding the foregoing, the obligations of the Guarantors under this Section 6B shall not constitute a direct guaranty of the indebtedness of the Borrower evidenced by the Notes but rather a guaranty of the Company Obligations
arising under the Operative Agreements. This Section 6B is a guaranty of payment and performance and not of collection and is a continuing guaranty and shall apply to all Company Obligations whenever arising. All rights granted to the
Financing Parties under this Section 6B shall be subject to the provisions of Section 8.2(d) and 8.6. 

6B.2 Obligations Unconditional. 

Each Guarantor agrees that the obligations of the Guarantors hereunder are absolute and unconditional, irrespective of the value,
genuineness, validity, regularity or enforceability of any of the Operative Agreements, or any other agreement or instrument referred to therein, or any substitution, release or exchange of any other guarantee of or security for any of the Company
Obligations, and, to the fullest extent permitted by applicable law, irrespective of any other circumstance whatsoever which might otherwise constitute a legal or equitable discharge or defense of a surety, guarantor or co-obligor, it being the
intent of this Section 6B.2 that the obligations of the Guarantors hereunder shall be absolute and unconditional under any and all circumstances. Each Guarantor agrees that this Section 6B may be enforced by the Financing
Parties without the necessity at any time of resorting to or exhausting any other security or collateral and without the necessity at any time of having recourse to the Notes or any other of the Operative Agreements or any collateral, if any,
hereafter securing the Company Obligations or otherwise and each Guarantor hereby waives the right to require the Financing Parties to proceed against 

 

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the Lessee or any other Person (including without limitation a co-guarantor) or to require the Financing Parties to pursue any other remedy or enforce any other right. Each Guarantor further
agrees that it hereby waives any and all right of subrogation, indemnity, reimbursement or contribution against the Lessee or any other Guarantor of the Company Obligations for amounts paid under this Section 6B until such time as the
Credit Notes, the Mortgage Notes, the Lessor Advance, accrued but unpaid interest, accrued but unpaid Lessor Yield and all other amounts owing under the Operative Agreements have been paid in full. Without limiting the generality of the waiver
provisions of this Section 6B, each Guarantor hereby waives any rights to require the Financing Parties to proceed against the Lessee or any co-guarantor or to require Lessor to pursue any other remedy or enforce any other right,
including without limitation, any and all rights under N.C. Gen. Stat. § 26-7 through 26-9. Each Guarantor further agrees that nothing contained herein shall prevent the Financing Parties from suing on any Operative Agreement or foreclosing any
security interest in or Lien on any collateral, if any, securing the Company Obligations or from exercising any other rights available to it under any Operative Agreement, or any other instrument of security, if any, and the exercise of any of the
aforesaid rights and the completion of any foreclosure proceedings shall not constitute a discharge of any Guarantor’s obligations hereunder; it being the purpose and intent of each Guarantor that its obligations hereunder shall be absolute,
irrevocable and unconditional under any and all circumstances; provided that any amounts due under this Section 6B which are paid to or for the benefit of any Financing Party shall reduce the Company Obligations by a corresponding
amount (unless required to be rescinded at a later date). Neither any Guarantor’s obligations under this Section 6B nor any remedy for the enforcement thereof shall be impaired, modified, changed or released in any manner whatsoever
by an impairment, modification, change, release or limitation of the liability of the Lessee or by reason of the bankruptcy or insolvency of the Lessee. Each Guarantor waives any and all notice of the creation, renewal, extension or accrual of any
of the Company Obligations and notice of or proof of reliance by any Financing Party upon this Section 6B or acceptance of this Section 6B. The Company Obligations shall conclusively be deemed to have been created, contracted
or incurred, or renewed, extended, amended or waived, in reliance upon this Section 6B. All dealings between the Lessee and any of the Guarantors, on the one hand, and the Financing Parties, on the other hand, likewise shall be
conclusively presumed to have been had or consummated in reliance upon this Section 6B. 
 6B.3
Modifications. 
 Each Guarantor agrees that (a) all or any part of the security now or hereafter held for the
Company Obligations, if any, may be exchanged, compromised or surrendered from time to time; (b) no Financing Party shall have any obligation to protect, perfect, secure or insure any such security interests, liens or encumbrances now or
hereafter held, if any, for the Company Obligations or the properties subject thereto; (c) the time or place of payment of the Company Obligations may be changed or extended, in whole or in part, to a time certain or otherwise, and may be
renewed or accelerated, in whole or in part; (d) the Lessee and any other party liable for payment under the Operative Agreements may be granted indulgences generally; (e) any of the provisions of the Notes or any of the other Operative
Agreements may be modified, amended or waived; (f) any party (including any co-guarantor) liable for the payment thereof may be granted indulgences or be released; and (g) any deposit balance for the credit of the Lessee or any other party
liable for the payment of the Company Obligations or liable upon any security therefor may be released, in whole or in part, at, before or after the stated, extended or accelerated maturity of the Company Obligations, all without notice to or
further assent by such Guarantor, which shall remain bound thereon, notwithstanding any such exchange, compromise, surrender, extension, renewal, acceleration, modification, indulgence or release. 

 

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 6B.4 Waiver of Rights. 

Each Guarantor expressly waives to the fullest extent permitted by applicable law: (a) notice of acceptance of this
Section 6B by any Financing Party and of all extensions of credit or other Advances by the Lessor, the Credit Lenders and the Mortgage Lenders pursuant to the terms of the Operative Agreements; (b) presentment and demand for payment
or performance of any of the Company Obligations; (c) protest and notice of dishonor or of default with respect to the Company Obligations or with respect to any security therefor; (d) notice of any Financing Party obtaining, amending,
substituting for, releasing, waiving or modifying any security interest, lien or encumbrance, if any, hereafter securing the Company Obligations, or any Financing Party’s subordinating, compromising, discharging or releasing such security
interests, liens or encumbrances, if any; and (e) all other notices to which such Guarantor might otherwise be entitled. Notwithstanding anything to the contrary herein, each Guarantor’s payments hereunder shall be due ten
(10) Business Days after written demand by the Agent for such payment (unless the Company Obligations are automatically accelerated pursuant to the applicable provisions of the Operative Agreements in which case the Guarantors’ payments
shall be automatically due). 
 6B.5 Reinstatement. 

The obligations of the Guarantors under this Section 6B shall be automatically reinstated if and to the extent that for any
reason any payment by or on behalf of any Person in respect of the Company Obligations is rescinded or must be otherwise restored by any holder of any of the Company Obligations, whether as a result of any proceedings in bankruptcy or reorganization
or otherwise, and each Guarantor agrees that it will indemnify each Financing Party on demand for all reasonable costs and expenses (including, without limitation, reasonable fees of counsel) incurred by any Financing Party in connection with such
rescission or restoration, including without limitation any such costs and expenses incurred in defending against any claim alleging that such payment constituted a preference, fraudulent transfer or similar payment under any bankruptcy, insolvency
or similar law. 
 6B.6 Remedies. 

The Guarantors agree that, as between the Guarantors, on the one hand, and each Financing Party, on the other hand, the Company
Obligations may be declared to be forthwith due and payable as provided in the applicable provisions of the Operative Agreements (and shall be deemed to have become automatically due and payable in the circumstances provided therein) notwithstanding
any stay, injunction or other prohibition preventing such declaration (or preventing such Company Obligations from becoming automatically due and payable) as against any other Person and that, in the event of such declaration (or such Company
Obligations being deemed to have become automatically due and payable), such Company Obligations (whether or not due and payable by any other Person) shall forthwith become due and payable by the Guarantors in accordance with the applicable
provisions of the Operative Agreements. 
 6B.7 Limitation of Guaranty. 

Notwithstanding any provision to the contrary contained herein or in any of the other Operative Agreements, to the extent the obligations
of any Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including without limitation because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of such Guarantor
hereunder shall be limited to the maximum amount that is permissible under applicable law (whether federal or state and including without limitation the Bankruptcy Code). 
  

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 Subject to Section 6B.5, upon the satisfaction of the Company Obligations in
full, regardless of the source of payment, the Guarantors’ obligations hereunder shall be deemed satisfied, discharged and terminated other than indemnifications set forth herein that expressly survive. 

6B.8 Contribution. 

To the extent of any payments made under this Section 6B, each Guarantor making such payment shall have a right of
contribution from the other Guarantors, but such Guarantor covenants and agrees that such right of contribution shall be subordinate in right of payment to the rights of the Financing Parties for which full payment has not been made or provided for
and, to that end, such Guarantor agrees not to claim or enforce any such right of contribution unless and until all of the Credit Notes, the Mortgage Notes, the Lessor Advance, accrued but unpaid interest, accrued but unpaid Lessor Yield and all
other amounts owing under the Operative Agreements have been irrevocably paid and discharged. 
 6B.9 Payment of Amounts
to the Agent. 
 Each Financing Party hereby instructs each Guarantor, and each Guarantor hereby acknowledges and agrees,
that until such time as the Credit Notes, the Mortgage Notes and the Lessor Advance are paid in full and the Liens evidenced by the Security Agreement and the Mortgage Instruments have been released any and all Rent (excluding Excepted Payments
which shall be payable to each Person as appropriate) and any and all other amounts of any kind or type under any of the Operative Agreements due and owing or payable to any Person shall instead be paid directly to the Agent (excluding Excepted
Payments which shall be payable to each Person as appropriate) or as the Agent may direct from time to time for allocation and distribution in accordance with the procedures set forth in Section 8.7 hereof. 

6B.10 Release of Guarantors. 

Each Financing Party hereby agrees that (a) the Agent shall be permitted to release any Guarantor from its guaranty obligations under
this Section 6B without the consent of any other Financing Party if the release is granted in connection with a disposition by the applicable Credit Party of all the shares of stock or partnership or other equity interest in such
Guarantor and such disposition is permitted pursuant to the applicable provisions of the Operative Agreements and (b) the Agent shall be permitted to release any Guarantor from its guaranty obligations under this Section 6B.10
without the consent of any other Financing Party if the release is requested by the Lessee in connection with a dissolution of the Guarantor, subject to the Lessee providing to the Agent written representations to the effect that such Guarantor has
no business operations and no assets. 
 SECTION 7 

PAYMENT OF CERTAIN EXPENSES 

7.1 Transaction Expenses. 

The Lessee agrees on the Closing Date, to pay, or cause to be paid, all Transaction Expenses arising from the transactions consummated on
the Closing Date, including without limitation all reasonable fees, expenses and disbursements of Moore & Van Allen, PLLC, as counsel for the Agent, the Credit Lenders, the Mortgage Lenders and the Lessor, and the initial fees and expenses
of the Credit Lenders, the Mortgage Lenders, the Lessor and the Agent due and payable on the Closing Date, all fees, taxes and expenses for the recording, registration and filing of documents and all other reasonable fees, expenses and disbursements
incurred in connection with the Closing Date. 
  

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 7.2 Brokers’ Fees. 

The Lessee agrees to pay or cause to be paid any and all brokers’ fees, if any, including without limitation any interest and
penalties thereon, which are payable in connection with the transactions contemplated by this Agreement and the other Operative Agreements, excluding the fees of any brokers retained by the Agent, the Lessor, any other Primary Financing Party, or
any Affiliate of any of the foregoing. 
 7.3 Certain Fees and Expenses. 

The Lessee agrees to pay or cause to be paid (a) all reasonable expenses of the Lessor (including without limitation reasonable
counsel fees and expenses) incurred in connection with, or which arises under, the Operative Agreements; (b) all reasonable costs and expenses incurred by the Lessee, the Agent or any Primary Financing Party in entering into any Lease
Supplement and any future amendments, modifications, supplements, restatements and/or replacements with respect to any of the Operative Agreements, whether or not such Lease Supplement, amendments, modifications, supplements, restatements and/or
replacements are ultimately entered into, or giving or withholding of waivers of consents hereto or thereto, which have been requested by the Lessee, the Agent or any Primary Financing Party; (c) all reasonable costs and expenses incurred by
the Lessee, the Agent or any Primary Financing Party in connection with any exercise of remedies under any Operative Agreement or any purchase of the Property by the Lessee or any third party; and (d) all reasonable costs and expenses incurred
by the Lessee, the Agent or any Primary Financing Party in connection with any transfer or conveyance of the Property, whether or not such transfer or conveyance is ultimately accomplished. 

7.4 [Reserved]. 

7.5 Administrative Fee. 

The Lessee shall pay or cause to be paid an administrative fee to the Agent (for its individual account) on the terms and conditions set
forth in that certain engagement letter dated June 25, 2010 (as amended, modified, extended, supplemented, restated and/or replaced from time to time, the “Engagement Letter”) regarding the lease financing addressed to the
Lessee (to the attention of Mr. David Wiedwald of the Lessee) from Wells Fargo Securities, LLC (executed by Mr. Weston Garrett of Wells Fargo Securities, LLC. 

7.6 Arrangement Fee. 

The Lessee shall pay or cause to be paid an arrangement fee to Wells Fargo Securities, LLC (for its individual account) on the terms and
conditions set forth in the Engagement Letter. 
 7.7 Up-Front Fee. 

The Lessee shall pay or cause to be paid an up-front fee to the Agent (for the account of the Lenders and the Lessor) on the terms and
conditions set forth in the Engagement Letter. 
  

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 SECTION 8 

OTHER COVENANTS AND AGREEMENTS 

8.1 Cooperation with the Lessee. 

The Primary Financing Parties and the Agent shall, at the expense of and to the extent reasonably requested by the Lessee (but without
assuming additional liabilities on account thereof and only to the extent such is acceptable to the Primary Financing Parties and/or the Agent , as applicable, in their reasonable discretion), cooperate with the Lessee in connection with the Lessee
satisfying its covenant obligations contained in the Operative Agreements including without limitation at any time and from time to time, promptly and duly executing and delivering any and all such further instruments, documents and financing
statements (and continuation statements related thereto). 
 8.2 Covenants of the Lessor. 

The Lessor hereby agrees that so long as this Agreement is in effect: 

(a) The Lessor will not create or permit to exist at any time, and will, at its own cost and expense, promptly take such
action as may be necessary duly to discharge, or to cause to be discharged, all Lessor Liens on the Property attributable to it; provided, however, that the Lessor shall not be required to so discharge any such Lessor Lien while the
same is being contested in good faith by appropriate proceedings diligently prosecuted so long as such proceedings shall not materially and adversely affect the rights of the Lessee under the Lease and the other Operative Agreements or involve any
material danger of impairment of the Liens of the Security Documents or of the sale, forfeiture or loss of, and shall not interfere with the use or disposition of, the Property or title thereto or any interest therein or the payment of Rent;

 (b) The Lessor shall not (i) commence any case, proceeding or other action under any existing or future
law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization, arrangement, winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts, or (ii) seek appointment of a
receiver, trustee, custodian or other similar official for all or any substantial benefit of the creditors of the Lessor; and the Lessor shall not take any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any
of the acts set forth in this paragraph; 
 (c) The Lessor shall give prompt written notice to the Lessee, the
Primary Financing Parties (other than the Lessor) and the Agent if the Lessor’s location for purposes of the UCC shall cease to be North Carolina, or if the Lessor’s principal place of business or chief executive office, or the office
where the records concerning the accounts or contract rights relating to the Property are kept, shall cease to be located at 301 South College Street, Charlotte, North Carolina 28288; 

(d) The Lessor shall take or refrain from taking such actions and grant or refrain from granting such approvals with
respect to the Operative Agreements and/or relating to the Property in each case as directed in writing by the Agent (until such time as the Financing is paid in full) or, in connection with Section 8.5 hereof, the Lessee;
provided, however, that notwithstanding the foregoing provisions of this subparagraph (d) the Lessor, the Agent and each of the other Primary Financing Parties each acknowledge, covenant and agree that neither the Lessor nor the
Agent shall act or refrain from acting except in accordance with the provisions of any intercreditor agreement among such Persons; provided, further, that each of the Agent, the Primary Financing Parties (other than the Lessor) and the
Lessee acknowledges, covenants and agrees that the Lessor will not be obligated to comply with any instruction to take any action in violation of the terms of any Operative Agreement; and 

 

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 (e) The Lessor shall give the Lessee prompt written notice (a
“Lessor Notice”) following the Lessor’s knowledge, but in any event promptly upon receipt by it of (x) notice from an acquiring Person as provided in the related underlying transaction documents that a disposition of
property will occur or (y) an appraisal or other form of written valuation study, in either case that, in the exercise of the Lessor’s reasonable judgment, would (regarding the Fair Market Sales Value of the Property as set forth in the
Appraisal delivered pursuant to Section 5.3(s)), in the case of clause (x) above, cause such Fair Market Sales Value of the Property to exceed fifty percent (50%) of (or, in the case of clause (y) above, provide the Lessor
with adequate information to determine that, such Fair Market Sales Value of the Property exceeds fifty percent (50%) of) the fair market value (based on appraisals or other information in the Lessor’s possession and delivered in
connection with the consummation of such underlying transactions relating to various properties of the Lessor or received by the Lessor as described in clause (y) above) of all of the property owned (as determined in accordance with
Lessor’s financial reporting under GAAP and excluding those assets that are subject to leases that contain fixed price purchase options and residual value guarantees (a) where the title to such assets does not reside directly with the
Lessor or (b) such assets were financed with either (i) non-recourse debt exceeding 95% of the cost of the such assets, or (ii) equity or other non-controlling interests that do not participate in all of the profits and losses of the
Lessor) by the Lessor (the “Fifty Percent FMV Event”). In the event that a Lessor Notice is given, the Lessor, upon receipt of a written request from the Lessee, may, at its option, elect to either (i) obtain additional assets
such that the gross asset value of the Property does not ever constitute more than fifty percent (50%) of the total assets of the Lessor (excluding those assets that are subject to leases that contain fixed price purchase options and residual
value guarantees (a) where the title to such assets does not reside directly with the Lessor or (b) such assets were financed with either (i) non-recourse debt exceeding 95% of the cost of the such assets, or (ii) equity or other
non-controlling interests that do not participate in all of the profits and losses of the Lessor), (ii) transfer its interests in all of the Property to another Affiliate of the Lessor such that the representations set forth in the Lessor
Confirmation Letter remain correct, or (iii) obtain, at the Lessee’s sole cost and expense, a SAS 97-type letter reasonably acceptable to the Lessee from the Lessor’s auditor to certify that the Lessor is a voting interest entity
as defined by FASB Interpretation No. 46 (to be renewed as required). Nothing relating to the circumstances surrounding or the physical delivery of the Lessor Notice will in any way inhibit or prohibit the Lessee’s right to replace the
Lessor pursuant to Section 10.1(d). Notwithstanding the foregoing, in no event will the Lessor be required to disclose or provide access to any information to the extent that such disclosure or access would violate any law applicable to
the Lessor or its Affiliates, including without limitation banking regulations applicable to national banks, or result in a breach of the Lessor’s or any Affiliate’s confidentiality policies or agreements. The parties hereto agree that the
Lessee is the sole beneficiary of the matters addressed in this Section 8.2(e). 
 (f) Upon the
Lessee’s prior written request, the Lessor shall provide to the Lessee at least fifteen (15) days prior to the end of each calendar quarter and at least forty-five (45) days prior to the end of each calendar year, a confirmed copy of
the Lessor Confirmation Letter. The parties hereto agree that the Lessee is the sole beneficiary of the matters addressed in this Section 8.2(f). 

(g) Lessor shall not finance any portion of the Lessor Advance with non-recourse debt to the extent that such financing of
the Lessor Advance will cause more than ninety-five percent (95%) of the aggregate amount of the Financing to be funded with non-recourse debt. 
  

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 8.3 Lessee Covenants, Consent and Acknowledgment. 

(a) Each Credit Party acknowledges and agrees that the Borrower, pursuant to the terms and conditions of the Security
Agreement and the Mortgage Instruments, shall create Liens respecting the various personal property, fixtures and real property described therein in favor of the Agent. Each Credit Party hereby irrevocably consents to the creation, perfection and
maintenance of such Liens. Each Credit Party shall, to the extent reasonably requested by any of the other parties hereto, cooperate with the other parties in connection with their covenants herein or in the other Operative Agreements and shall from
time to time duly execute and deliver any and all such future instruments, documents and financing statements (and continuation statements related thereto) as any other party hereto may reasonably request. 

(b) The Lessor hereby instructs each Credit Party, and each Credit Party hereby acknowledges and agrees, that until such
time as the Financing is paid in full and the Liens evidenced by the Security Agreement and the Mortgage Instruments have been released (i) any and all Rent (excluding Excepted Payments which shall be payable to each Person as appropriate) and
any and all other amounts of any kind or type under any of the Operative Agreements due and owing or payable to any Person shall instead be paid directly to the Agent (excluding Excepted Payments which shall be payable to each Person as appropriate)
or as the Agent may direct from time to time, and (ii) each Credit Party shall cause all notices, certificates, financial statements, communications and other information which are delivered, or are required to be delivered, to the Lessor, to
also to be delivered at the same time to the Agent. 
 (c) No Credit Party shall consent to or permit any
amendment, supplement or other modification of the terms or provisions of any Operative Agreement to which it is a party except in accordance with Section 12.4 of this Agreement. 

(d) Each Credit Party hereby covenants and agrees that, except for amounts payable as Basic Rent, any and all payment
obligations owing from time to time under the Operative Agreements by any Person to the Agent, the Lessor, any Credit Lender, any Mortgage Lender or any other Person shall (without further action) be deemed to be Supplemental Rent obligations
payable by the Lessee and guaranteed by the other Credit Parties. Such obligations of the Credit Parties shall include without limitation arrangement fees, structuring fees, administrative fees, unused fees, facility fees, breakage costs,
indemnities, trustee fees and transaction expenses incurred by the parties hereto in connection with the transactions contemplated by the Operative Agreements. 

(e) The Lessee hereby covenants and agrees to cause an Appraisal or reappraisal (in form and substance reasonably
satisfactory to the Agent and from an appraiser selected by the Agent) to be issued respecting the Property as requested by the Agent from time to time (i) at each and every time as such shall be required to satisfy any regulatory requirements
imposed on the Agent, the Lessor and/or any Primary Financing Party and (ii) after the occurrence of a Lease Event of Default. 

(f) [Reserved]. 

(g) At any time the Lessor or the Agent is entitled under the Operative Agreements to possession of the Property or any
component thereof, the Lessee hereby covenants and agrees, at its own cost and expense, to assemble and make the same available to the Agent (on behalf of the Lessor). 
  

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 (h) [Reserved]. 

(i) [Reserved]. 

(j) The Lessee hereby covenants and agrees that it shall give prompt notice to the Agent and the Primary Financing Parties
if the Lessee’s location for purposes of the UCC shall cease to be Ohio, or if its principal place of business or chief executive office, or the office where the records concerning the accounts or contract rights relating to the Property are
kept, shall cease to be located at 201 East Fourth Street, Cincinnati, Hamilton County, Ohio 45202, or if it shall change its name. 

(k) [Reserved]. 

(l) [Reserved]. 

(m) [Reserved]. 

(n) [Reserved]. 

(o) Each Guarantor shall promptly notify the Agent, or cause the Agent to be promptly notified, upon such Guarantor
gaining knowledge of the occurrence of any Default or Event of Default which is continuing at such time. 
 (p)
[Reserved]. 
 (q) [Reserved]. 

(r) [Reserved]. 

(s) [Reserved]. 

(t) [Reserved]. 

(u) [Reserved]. 

(v) [Reserved]. 

(w) The Lessee shall deliver (or cause to be delivered) an annual certificate evidencing the insurance required to be
maintained by the Lessee under Article XIV of the Lease on the date such certificate is due thereunder. 

(x) The Lessee shall cause the Property to comply with all Insurance Requirements (unless the failure to comply with such
Insurance Requirements will not result in a denial of coverage under any insurance policy required to be maintained hereunder or under any other Operative Agreement) and all standards of Lessee with respect to similar properties owned by Lessee.

 (y) The Lessee shall cause the Property to comply with all Legal Requirements (including without limitation
all zoning and land use laws and Environmental Laws), except to the extent that failure to comply therewith, individually or in the aggregate, shall not have and could not reasonably be expected to have a Material Adverse Effect. 

 

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 (z) [Reserved]. 

(aa) [Reserved]. 

(bb) [Reserved]. 

(cc) [Reserved]. 

(dd) Lessee shall not incur or suffer to exist any Lien on the Property other than the Liens created and/or evidenced by
the Security Documents, Permitted Liens, Lessor Liens and as otherwise permitted under Section 8.5. 

(ee) Lessee shall deliver a written notice to Agent and the Lessor promptly upon Lessee’s receiving notice or actual
knowledge of a Responsible Officer of Lessee of the taking by a Governmental Authority of an action which would constitute a Condemnation, receiving notice of a material violation of any Legal Requirement on or at the Property, including any
Environmental Law, under which liability may be imposed upon Lessor, Agent, any other Primary Financing Party or Lessee, or receiving notice or actual knowledge of modification of the Property (other than routine construction progress, fire,
life-safety and similar inspections) for any violation of Lessor under which criminal liability may be imposed upon Agent, any Primary Financing Party or Lessee. 

(ff) Lessee shall not, nor shall it permit anyone authorized to act on its behalf to, take any action which would subject
the Property, the Operative Agreements, the making of the Credit Loans or Mortgage Loans or any security or lease the offering of which, for purposes of the Securities Act or any state securities laws, would be deemed to be part of the same offering
of the aforementioned items, to the registration requirements of Section 5 of the Securities Act or any state securities laws. 

(gg) [Reserved]. 

(hh) Lessee will promptly (but in no event more than ten (10) Business Days after such event or occurrence) provide
written notice to the Agent if it shall change its legal name or use, or transact any business under, any trade name other than its legal name. 

(ii) [Reserved]. 

(jj) In the event, for any reason, there is a pledge of collateral by Lessee, any Guarantor or any of their respective
subsidiaries to secure, in whole or in part, the Lessee Credit Agreement (including without limitation any amendment, modification, extension, supplement, restatement and/or replacement thereof), then Lessee shall take all necessary action to cause
the Agent, the Lenders and the Lessor (in connection with the obligations owing by Lessee, the Guarantors or any of their respective subsidiaries pursuant to the Operative Agreements) to share equally and ratably in, and be secured equally and
ratably by, any lien and security interest in the collateral granted to secure the Lessee Credit Agreement (including without limitation any amendment, modification, extension, supplement, restatement and/or replacement thereof). 

 

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 8.3A Affirmative Covenants. 

Until the principal of and interest on each Note, the principal amount of the Lessor Advance and all Lessor Yield, and all fees or other
amounts payable to any Financing Party hereunder or under any other Operative Agreement shall have been paid in full, the Lessee covenants and agrees with the Primary Financing Parties that: 

8.3A.1 Financial Statements and Other Information. 

The Lessee will furnish to the Agent, the Lessor and each Lender: 

(a) within 90 days after the end of each fiscal year of the Lessee, its audited consolidated balance sheet and related
statements of operations, stockholders’ equity and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on by Ernst & Young LLP or other
independent public accountants of recognized national standing (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit) to the effect that such consolidated
financial statements present fairly in all material respects the financial condition and results of operations of the Lessee and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied; 

(b) within 45 days after the end of each of the first three fiscal quarters of each fiscal year of the Lessee, its
consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in each case in comparative form
the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by one of its Financial Officers as presenting fairly in all material respects the financial
condition and results of operations of the Lessee and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes; 

(c) concurrently with any delivery of financial statements under clause (a) or (b) above, a certificate of a
Financial Officer of the Lessee (i) certifying as to whether a Lease Default or a Lease Event of Default has occurred and, if a Lease Default or a Lease Event of Default has occurred, specifying the details thereof and any action taken or
proposed to be taken with respect thereto, (ii) setting forth reasonably detailed calculations demonstrating compliance with Sections 8.3B.8 and 8.3B.9 and (iii) stating whether any change in GAAP or in the application
thereof has occurred since the date of the audited financial statements referred to in Section 6.2(d) and, if any such change has occurred, specifying the effect of such change on the financial statements accompanying such certificate;

 (d) promptly after the same become publicly available, copies of all periodic and other reports and proxy
statements filed by the Lessee or any Subsidiary with the Securities and Exchange Commission, or any Governmental Authority succeeding to any or all of the functions of said Commission, or with any national securities exchange, or distributed by the
Lessee to its shareholders generally, as the case may be, provided, however, the Lessee’s delivery obligation pursuant to this clause (d) is subject to the final sentence of this Section 8.3A.1; 

(e) promptly after Moody’s, S&P or Fitch shall have announced a change in the rating established or deemed to
have been established for the Index Debt, written notice of such rating change; 
  

 29 

 (f) promptly following a request therefor, any documentation or other
information that a Lender reasonably requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the USA Patriot Act; and 

(g) promptly following any request therefor, such other information regarding the operations, business affairs and
financial condition of the Lessee or any Subsidiary, or compliance with the terms of this Agreement, as the Agent or any Lender may reasonably request. 

Notwithstanding the foregoing provisions of this Section 8.3A.1, to the extent the Lessee files the various reports,
statements and any other information referred to in Section 8.3A.1(d) with the Securities and Exchange Commission and such reports, statements and other information is publicly available on the Securities and Exchange Commission website,
then the Lessee shall be deemed to be in compliance with its obligations to furnish such reports, statements and other such information pursuant to Section 8.3A.1(d). 

8.3A.2 Notices of Material Events. 

The Lessee will furnish to the Agent, the Lessor and each Lender prompt written notice of the following: 

(a) the occurrence of any Lease Default or Lease Event of Default; 

(b) the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority
against or affecting the Lessee or any Affiliate thereof that, if adversely determined, could reasonably be expected to result in a Material Adverse Effect; 

(c) the occurrence of any ERISA Event that, alone or together with any other ERISA Events that have occurred, could
reasonably be expected to result in liability of the Lessee and its Subsidiaries in an aggregate amount exceeding $20,000,000; 

(d) any change in the date of its fiscal year end; and 

(e) any other development that results in, or could reasonably be expected to result in, a Material Adverse Effect.

 Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer or other executive
officer of the Lessee setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto. 

8.3A.3 Existence; Conduct of Business. 

The Lessee will, and will cause each of the Subsidiaries to, do or cause to be done all things necessary to preserve, renew and keep in
full force and effect its legal existence and the rights, licenses, permits, privileges and franchises material to the conduct of its business; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or
dissolution permitted under Section 8.3B.4. 
  

 30 

 8.3A.4 Payment of Obligations. 

The Lessee will, and will cause each of the Subsidiaries to, pay its obligations, including Tax liabilities, that, if not paid, could
result in a Material Adverse Effect before the same shall become delinquent or in default, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings, (b) the Lessee or such Subsidiary has
set aside on its books adequate reserves with respect thereto in accordance with GAAP and (c) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect. 

8.3A.5 Maintenance of Property; Insurance. 

The Lessee will, and will cause each of the Subsidiaries to, (a) keep and maintain all property material to the conduct of its
business in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by
companies engaged in the same or similar businesses operating in the same or similar locations. 
 8.3A.6 Books and
Records; Inspection Rights. 
 The Lessee will, and will cause each of the Subsidiaries to, keep proper books of record
and account in which full, true and correct entries are made of all dealings and transactions in relation to its business and activities. The Lessee will, and will cause each of the Subsidiaries to, permit any representatives designated by the
Agent, the Lessor or any Lender, upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its officers and independent
accountants, all at such reasonable times and as often as reasonably requested. 
 8.3A.7 Compliance with Laws. 

 The Lessee will, and will cause each of the Subsidiaries to, comply with all laws, rules, regulations and orders of any
Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

8.3A.8 Use of Proceeds. 

The proceeds of the Lessor Advance and the Loans will be used only for the payment of the amounts described in Section 1 of
this Agreement. 
 8.3A.9 Guarantee Requirement. 

The Lessee will cause the Guarantee Requirement to be satisfied at all times. Each Subsidiary (other than any Foreign Subsidiary)
designated as a Material Subsidiary by the Lessee or the Agent, as applicable (as described in the definition of “Material Subsidiary”), shall for all purposes of the Operative Agreements immediately be a Material Subsidiary and a
Guarantor from the time of such designation. Each Subsidiary (other than such which is already a party to this Agreement and other than any Foreign Subsidiary) designated as a Material Subsidiary shall execute a joinder agreement, in form and
substance satisfactory to the Agent, evidencing that such Subsidiary (other than any Foreign Subsidiary) has been joined as a Guarantor; provided, notwithstanding any failure or delay in the execution of such joinder agreement, each such
Subsidiary (other than any Foreign Subsidiary) shall be a Guarantor from the time of such designation as a Material Subsidiary. Concurrent with its delivery of the above-referenced joinder 

 

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agreement, each such Material Subsidiary (other than any Foreign Subsidiary) shall also execute a secretary’s certificate in the form attached hereto as Exhibit D, with the exhibits
thereto evidencing the power and authority for such Material Subsidiary to enter into the Guarantee Agreement and the due authorization of the Guarantee Agreement. Both the joinder agreement and the secretary’s certificate shall be delivered
promptly (and in any event within ten (10) Business Days after the date of designation of such Subsidiary (other than any Foreign Subsidiary) as a Material Subsidiary) to the Agent. 

8.3B Negative Covenants. 

Until the principal of and interest on each Note, the principal amount of the Lessor Advance and all Lessor Yield, and all fees or other
amounts payable to any Financing Party hereunder or under any other Operative Agreement shall have been paid in full, the Lessee covenants and agrees with the Primary Financing Parties that: 

8.3B.1 Priority Indebtedness. 

The Lessee will not, and will not permit any Subsidiary to, create, incur, assume or permit to exist any Priority Indebtedness other than:

 (a) Indebtedness under the Lessee Credit Agreement Loan Documents; 

(b) Indebtedness existing on the date hereof and set forth on Schedule 8.3B.1, and extensions, renewals or
replacements of any such Indebtedness that do not increase the outstanding principal amount thereof; provided that no additional Subsidiaries will be added as obligors or guarantors in respect of any Indebtedness referred to in this clause
(b) and no such Indebtedness shall be secured by any additional assets (other than as a result of any Lien covering after- acquired property in effect on the date hereof); 

(c) Indebtedness of any Subsidiary to the Lessee or any other Subsidiary, or Indebtedness of the Lessee to any Subsidiary;
provided that no such Indebtedness shall be assigned to, or subjected to any Lien in favor of, a Person other than the Lessee or a Subsidiary; 

(d) Indebtedness incurred to finance the acquisition, construction or improvement of, and secured by, any fixed or capital
assets acquired, constructed or improved by the Lessee or any Subsidiary, and extensions, renewals or replacements of any such Indebtedness that do not increase the outstanding principal amount thereof or add additional Subsidiaries as obligors or
guarantors in respect thereof and that are not secured by any additional assets; provided that such Indebtedness is incurred prior to or within 90 days after such acquisition or the completion of such construction or improvement and does not
exceed 90% of the cost of acquiring, constructing or improving such fixed or capital assets; 
 (e) Indebtedness
of any Person that becomes a Subsidiary after the date hereof; provided that such Indebtedness exists at the time such Person becomes a Subsidiary, is not created in contemplation of or in connection with such Person becoming a Subsidiary and
is not secured by any Liens other than Liens permitted under Section 8.3B.2(c), and extensions, renewals or replacements of any of the Indebtedness referred to above in this clause that do not increase the outstanding principal amount
thereof or add additional Subsidiaries as obligors or guarantors in respect thereof and that are not secured by any additional assets; 

(f) Indebtedness of any Subsidiary as an account party in respect of letters of credit backing obligations of any
Subsidiary that do not constitute Indebtedness; 
  

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 (g) Indebtedness incurred in connection with any sale and lease-back
transactions permitted under Section 8.3B.3; 
 (h) Securitization Transactions to the extent that
the aggregate amount, without duplication, of all Securitization Transactions does not at any time exceed $250,000,000; and 

(i) other Priority Indebtedness in an aggregate amount outstanding at any time not greater than $75,000,000. 

8.3B.2 Liens. 

The Lessee will not, and will not permit any Subsidiary to, create, incur, assume or permit to exist any Lien on any property or asset now
owned or hereafter acquired by it, or assign or sell any income or revenues (including accounts receivable) or rights in respect of any thereof, except: 

(a) Permitted Encumbrances; 

(b) any Lien on any property or asset of the Lessee or any Subsidiary existing on the date hereof; provided that
(i) such Lien shall not apply to any other property or asset of the Lessee or any Subsidiary, (ii) such Lien shall secure only those obligations which it secures on the date hereof and extensions, renewals and replacements thereof that do
not increase the outstanding principal amount thereof and (iii) all such Liens secure obligations having an aggregate principal amount not exceeding at any time $10,000,000; 

(c) any Lien existing on any property or asset prior to the acquisition thereof by the Lessee or any Subsidiary or
existing on any property or asset of any Person that becomes a Subsidiary after the date hereof prior to the time such Person becomes a Subsidiary; provided that (i) such Lien is not created in contemplation of or in connection with such
acquisition or such Person becoming a Subsidiary, as the case may be, (ii) such Lien shall not apply to any other property or assets of the Lessee or any Subsidiary and (iii) such Lien shall secure only those obligations which it secures
on the date of such acquisition or the date such Person becomes a Subsidiary, as the case may be and extensions, renewals and replacements thereof that do not increase the outstanding principal amount thereof; 

(d) Liens on fixed or capital assets acquired, constructed or improved by the Lessee or any Subsidiary securing
Indebtedness incurred to finance such acquisition, construction or improvement; provided that (i) such Liens and the Indebtedness secured thereby are incurred prior to or within 90 days after such acquisition or the completion of such
construction or improvement, (ii) the Indebtedness secured thereby does not exceed 90% of the cost of acquiring, constructing or improving such fixed or capital assets and (iii) such Liens shall not apply to any other property or assets of
the Lessee or any Subsidiary; 
 (e) any Lien securing the Lessee’s obligations under any Hedging Agreement,
subject to the requirements of Section 8.3B.7; 
 (f) sales of accounts receivable and interests
therein pursuant to Securitization Transactions constituting Priority Indebtedness permitted under Section 8.3B.1; 

(g) Liens deemed to exist in connection with sale and lease-back transactions permitted under Section 8.3B.3;

  

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 (h) Liens securing Priority Indebtedness permitted under
Section 8.3B.1(a), (c) or (i); 
 (i) Liens in favor of the Agent, the Lessor and
the Lenders pursuant to Section 8.3(jj) and securing the obligations of Lessor, the Guarantors or any of their respective subsidiaries pursuant to the Operative Agreements; and 

(j) other Liens not specifically listed above securing obligations (other than Indebtedness) not to exceed $1,000,000 at
any one time outstanding. 
 8.3B.3 Sale and Lease-Back Transactions. 

The Lessee will not, and will not permit any Subsidiary to, enter into any arrangement, directly or indirectly, with any Person whereby it
shall sell or transfer any property used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property which it intends to use for substantially the same purpose or purposes as the
property being sold or transferred, except to the extent the aggregate sales price for the assets transferred in all such arrangements in effect at any time does not exceed $25,000,000. 

8.3B.4 Fundamental Changes. 

(a) The Lessee will not, and will not permit any Subsidiary to, merge or consolidate with any other Person, or permit any
other Person to merge or consolidate with it, or sell, transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or substantially all its assets, or all or substantially all the stock of any Subsidiary (in each
case, whether now owned or hereafter acquired), or liquidate or dissolve, except that, if at the time thereof and immediately after giving effect thereto no Lease Default or Lease Event of Default shall have occurred and be continuing: 

(i) any Subsidiary may merge into the Lessee or any other Subsidiary; provided, that in the case of any merger of
one Subsidiary into another, if either of such Subsidiaries shall be a Guarantor, the surviving or resulting Subsidiary must at all times after such merger be a Guarantor; 

(ii) any Subsidiary may sell, lease or otherwise transfer all or substantially all its assets to the Lessee or to another
Subsidiary; provided, that in the case of any such transfer by one Subsidiary to another, if the transferor Subsidiary shall be a Guarantor, the transferee Subsidiary must at all times after such transfer be a Guarantor; 

(iii) any Person other than a Subsidiary may merge with the Lessee or a Subsidiary; provided, that (subject in all
respects to Section 8.3B.4(b)) (A) in the case of a merger to which the Lessee is a party, the Lessee must be the surviving or resulting corporation, (B) in the case of a merger to which a Subsidiary is a party, (I) the
surviving or resulting Person must be a Subsidiary (and, if any such constituent Subsidiary shall have been a Guarantor, a Guarantor) or (II)(a) the aggregate amount of the assets of all Subsidiaries previously having merged during the last
four (4) reported fiscal quarters of Lessee for which financial statements have been delivered pursuant to Section 8.3A.1 pursuant to this subsection (II), plus the amount of the assets of the Subsidiary then
contemplated to merge during said time period pursuant to this subsection (II), plus the aggregate amount of the assets of all Subsidiaries previously sold, leased or otherwise transferred during said time period pursuant to the
following subsection (v) shall not 
  

 34 

 
exceed five percent (5%) of the Lessee’s consolidated assets as of the end of said time period, (b) the aggregate amount of the revenues of all Subsidiaries previously
having merged during the last four (4) reported fiscal quarters of Lessee for which financial statements have been delivered pursuant to Section 8.3A.1 pursuant to this subsection (II), plus the amount of the revenues of
the Subsidiary then contemplated to merge during said time period pursuant to this subsection (II), plus the aggregate amount of the revenues of all Subsidiaries previously having sold, leased or otherwise transferred assets during said
time period pursuant to the following subsection (v) shall not exceed five percent (5%) of the Lessee’s consolidated revenues as of the end of said time period, and (c) the Lessee shall provide no less than thirty
(30) days notice of any such merger pursuant to this subsection (II) to the Agent and (C) in the case of any merger referred to in this subsection (iii), the Lessee shall be in compliance on a pro forma basis with the covenants set
forth in Sections 8.3B.8 and 8.3B.9 as of the end of and for said time period, giving effect to such merger and any related incurrence or repayment of Indebtedness as if it had occurred at the beginning of such period; 

(iv) any Subsidiary may liquidate or dissolve if the Lessee determines in good faith that such liquidation or dissolution
is in the best interests of the Lessee and is not materially disadvantageous to the Lessor or the Lenders; and 

(v) (subject in all respects to Section 8.3B.4(c)) any Subsidiary may sell, lease or otherwise transfer
certain of its assets to any Person other than the Lessee or a Subsidiary if and to the extent (A) the aggregate amount of the assets of all Subsidiaries previously having been sold, leased or otherwise transferred during the last four
(4) reported fiscal quarters of Lessee for which financial statements have been delivered pursuant to Section 8.3A.1 pursuant to this subsection (v), plus the amount of the assets of the Subsidiary then contemplated to
be sold, leased or otherwise transferred during said time period pursuant to this subsection (v), plus the aggregate amount of the assets of all Subsidiaries previously merged into a Person other than the Lessee or a Subsidiary during
said time period pursuant to the foregoing subsection (iii)(B)(II) shall not exceed five percent (5%) of the Lessee’s consolidated assets as of the end said time period, (B) the aggregate amount of the revenues of all
Subsidiaries previously having sold, leased or otherwise transferred assets during the last four (4) reported fiscal quarters of Lessee for which financial statements have been delivered pursuant to Section 8.3A.1 pursuant to this
subsection (v), plus the amount of the revenues of the Subsidiary then contemplated to sell, lease or otherwise transfer assets during said time period pursuant to this subsection (v), plus the aggregate amount of the
revenues of all Subsidiaries previously merged into a Person other than the Lessee or a Subsidiary during said time period pursuant to the foregoing subsection (iii)(B)(II) shall not exceed five percent (5%) of the Lessee’s
consolidated revenues as of the end of said time period, and (C) the Lessee shall provide no less than thirty (30) days notice of any such sale, lease or other transfer pursuant to this subsection (v) to the Agent. Notwithstanding any
provision of this Section 8.3B.4, the Lessee and the Subsidiaries may complete the HRM Sale, and said transaction shall not be included in any manner whatsoever in any of the transactions otherwise permitted, computed or set forth under
subsection (i), (ii), (iii), (iv) or (v) hereof. 
 (b) Notwithstanding any provision in this
Section 8.3B.4 to the contrary, no Subsidiary may merge with any Person as described in Section 8.3B.4(a)(iii)(B)(II) if and to the extent (x) the aggregate amount of the assets of all Subsidiaries previously having
merged pursuant to Section 8.3B.4(a)(iii)(B)(II), plus the amount of the assets of the Subsidiary then 
  

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contemplated to merge pursuant to Section 8.3B.4(a)(iii)(B)(II), plus the aggregate amount of the assets of all Subsidiaries previously sold, leased or otherwise transferred
pursuant to Section 8.3B.4(a)(v) would exceed ten percent (10%) of the Lessee’s consolidated assets as of the end of the most recent period of four fiscal quarters for which financial statements shall have been delivered
pursuant to Section 8.3A.1 or if (y) the aggregate amount of the revenue of all Subsidiaries previously having merged pursuant to Section 8.3B.4(a)(iii)(B)(II), plus the amount of the revenues of the Subsidiary
then contemplated to merge pursuant to Section 8.3B.4(a)(iii)(B)(II), plus the aggregate amount of the revenues of all Subsidiaries previously having sold, leased or otherwise transferred assets pursuant to
Section 8.3B.4(a)(v) would exceed ten percent (10%) of the Lessee’s consolidated revenues as of the end of the most recent period of four fiscal quarters for which financial statements shall have been delivered pursuant to
Section 8.3A.1. 
 (c) Notwithstanding any provision in this Section 8.3B.4 to the
contrary, no Subsidiary may sell, lease or otherwise transfer certain of its assets as described in Section 8.3B.4(a)(v) if and to the extent (x) the aggregate amount of the assets of all Subsidiaries previously having been sold,
leased or otherwise transferred pursuant to Section 8.3B.4(a)(v), plus the amount of the assets of the Subsidiary then contemplated to be sold, leased or otherwise transferred as described in Section 8.3B.4(a)(v),
plus the aggregate amount of the assets of all Subsidiaries previously merged pursuant to Section 8.3B.4(a)(iii)(B)(II) would exceed ten percent (10%) of the Lessee’s consolidated assets as of the end of the most recent
period of four fiscal quarters for which financial statements shall have been delivered pursuant to Section 8.3A.1 or if (y) the aggregate amount of the revenues of all Subsidiaries previously having sold, leased or otherwise
transferred assets pursuant to Section 8.3B.4(a)(v), plus the amount of the revenues of the Subsidiary then contemplated to sell, lease or otherwise transfer assets pursuant to Section 8.3B.4(a)(v), plus the
aggregate amount of the revenues of all Subsidiaries previously merged pursuant to Section 8.3B.4(a)(iii)(B)(II) would exceed ten percent (10%) of the Lessee’s consolidated revenues as of the end of the most recent period of
four fiscal quarters for which financial statements shall have been delivered pursuant to Section 8.3A.1. 

(d) The Lessee will not, and will not permit any Subsidiary to, engage to any material extent in any business other than
businesses of the type conducted by the Lessee and the Subsidiaries on the date of execution of this Agreement and businesses reasonably related thereto. 

8.3B.5 Transactions with Affiliates. 

The Lessee will not, and will not permit any Subsidiary to, sell, lease or otherwise transfer any property or assets to, or purchase,
lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except (a) in the ordinary course of business at prices and on terms and conditions not less favorable to the
Lessee or such Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties, (b) transactions between or among the Lessee and the Subsidiaries not involving any other Affiliate and (c) dividends or other
distributions (whether in cash, securities or other property) with respect to any shares of any class of capital stock of the Lessee or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or
similar deposit, on account of the purchase, redemption, retirement, acquisition, cancelation or termination of any such shares of capital stock of the Lessee or any option, warrant or other right to acquire any such shares of capital stock of the
Lessee. 
  

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 8.3B.6 Restrictive Agreements. 

The Lessee will not, and will not permit any Subsidiary to, directly or indirectly, enter into, incur or permit to exist any agreement or
other arrangement that prohibits, restricts or imposes any condition upon the ability of any Subsidiary to pay dividends or other distributions with respect to any shares of its capital stock or to make or repay loans or advances to the Lessee or
any other Subsidiary or to Guarantee Indebtedness of the Lessee or any other Subsidiary; provided, that (i) the foregoing shall not apply to restrictions and conditions imposed by law or by this Agreement and (ii) the foregoing
shall not apply to restrictions and conditions existing on the date hereof identified on Schedule 8.3B.6 (but shall apply to any extension or renewal of, or any amendment or modification expanding the scope of, any such restriction or
condition). 
 8.3B.7 Hedging Agreements. 

The Lessee will not, and will not permit any Subsidiary to, enter into any Hedging Agreement, except (a) Hedging Agreements entered
into to hedge or mitigate risks (including foreign exchange risks) to which the Lessee or any Subsidiary has actual exposure, and (b) Hedging Agreements entered into in order to effectively cap, collar or exchange interest rates (from fixed to
floating rates, from one floating rate to another floating rate, from floating rates to fixed rates or otherwise) with respect to any interest-bearing liability or investment of the Lessee or any Subsidiary. 

8.3B.8 Interest Coverage Ratio. 

The Lessee will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any
period of four consecutive fiscal quarters, to be less than 4.0 to 1.0. 
 8.3B.9 Consolidated Total Debt to Consolidated
EBITDA Ratio. 
 The Lessee will not at any time permit the ratio of (a) Consolidated Total Debt at such time to
(b) Consolidated EBITDA for the most recently ended period of four consecutive fiscal quarters to be greater than 3.25 to 1.0. 

8.3B.10 Certain Restricted Payments. 

The Lessee will not make or become obligated to make any Restricted Payment unless, after giving pro forma effect thereto,
(a) (i) the sum of the total Revolving Credit Exposures (as such term is defined in the Lessee Credit Agreement) and the aggregate principal amount of outstanding Competitive Loans (as such term is defined in the Lessee Credit Agreement)
would not exceed (ii) the total Commitments (as such term is defined in the Lessee Credit Agreement) minus the aggregate Net Proceeds received or to be received from the HRM Sale and (b) the Lessee and the Subsidiaries will have
cash and cash equivalents in amounts consistent with the customary business practices of the Lessee and the Subsidiaries as determined in good faith by the Lessee. 

8.4 Sharing of Certain Payments. 

Except for Excepted Payments, the parties hereto acknowledge and agree that all payments due and owing by the Lessee or any other Credit
Party to the Lessor under the Lease or any of the other Operative Agreements shall be made by the Lessee or such other Credit Party directly to the Agent as more particularly provided in Section 8.3 hereof. 

 

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 8.5 Grant of Easements, etc. 

The Agent, the Credit Lenders, the Mortgage Lenders and the Lessor hereby agree that, so long as no Event of Default shall have occurred
and be continuing, and until such time as the Agent gives instructions to the contrary to the Lessor after the occurrence and continuance of such Event of Default, the Lessor shall, from time to time at the request of the Lessee (and with the prior
consent of the Agent), in connection with the transactions contemplated by the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements, restrictions, covenants, rights of way or plats with
respect to the Property, (ii) release existing easements or other rights in the nature of easements, restrictions, covenants, rights of way or plats which are for the benefit of the Property, (iii) execute and deliver to any Person any
instrument appropriate to confirm or effect such grants or releases, and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing or operation of the
Property, including without limitation reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the agreements referred to in this
Section 8.5 shall be of the type normally executed by the Lessee in the ordinary course of the Lessee’s business and shall be on commercially reasonable terms so as not to diminish the value of the Property in any material respect
or otherwise have a Material Adverse Effect. 
 8.6 Appointment of the Agent by the Primary Financing Parties. 

 (a) The Secured Parties acknowledge and agree and direct that the rights and remedies of the beneficiaries of
the Lien of the Security Documents shall be exercised by the Agent on behalf of the Secured Parties in accordance with the provisions of the Intercreditor Agreement; provided, in all cases, the Agent shall allocate payments and other amounts
received in accordance with Section 8.7 and the Intercreditor Agreement. The Agent is further appointed to provide notices under the Operative Agreements on behalf of the Lessor and each Primary Financing Party (as determined by the
Agent, in its reasonable discretion), to receive notices under the Operative Agreements on behalf of the Lessor and each Primary Financing Party and (subject to Section 8.5) to take such other action under the Operative Agreements on
behalf of the Lessor as the Agent shall determine in its reasonable discretion from time to time. The Agent hereby accepts such appointments. Further, the Agent shall be entitled to take such action on behalf of the Lessor as is delegated to the
Agent under any Operative Agreement (whether express or implied) as may be reasonably incidental thereto. 
 (b)
Each Primary Financing Party hereby designates and appoints the Agent as the agent of such Primary Financing Party under this Agreement and the other Operative Agreements, and each such Primary Financing Party authorizes the Agent, in such capacity,
to execute the Operative Agreements as agent for and on behalf of such Primary Financing Party, to take such action on behalf of such Primary Financing Party under the provisions of this Agreement and the other Operative Agreements and to exercise
such powers and perform such duties as are expressly delegated to the Agent by the terms of this Agreement and other Operative Agreements, together with such other powers as are reasonably incidental thereto. Subject to the terms of the Operative
Agreements (including without limitation the Intercreditor Agreement), each of the Primary Financing Parties directs the Agent to exercise such powers, make such decisions and otherwise perform such duties as are delegated to the Agent hereunder or
thereunder. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Primary Financing Party,
and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Operative Agreement or otherwise exist against the Agent. 

 

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 (c) The Agent may execute any of its duties under this Agreement and the
other Operative Agreements by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Agent shall not be responsible for the negligence or misconduct of any agents or
attorneys-in-fact selected by it with reasonable care. 
 (d) Neither the Agent nor any of its officers,
directors, employees, agents, attorneys-in-fact or Affiliates shall be (a) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement or any other Operative Agreement (except for
its or such Person’s own gross negligence, willful misconduct or its or such Person’s failure to use ordinary care in the handling of funds) or (b) responsible in any manner to any of the Primary Financing Parties for any recitals,
statements, representations or warranties made by the Borrower or the Lessee or any officer thereof contained in this Agreement or any other Operative Agreement or in any certificate, report, statement or other document referred to or provided for
in, or received by the Agent under or in connection with, this Agreement or any other Operative Agreement or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Operative Agreement or for
any failure of the Borrower or the Lessee to perform its obligations hereunder or thereunder. The Agent shall not be under any obligation to any Primary Financing Party to ascertain or to inquire as to the observance or performance of any of the
agreements contained in, or conditions of, this Agreement or any other Operative Agreement, or to inspect the properties, books or records of the Borrower or the Lessee. 

(e) The Agent shall be entitled to rely, and shall be fully protected in relying, upon any Note, writing, resolution,
notice, consent, certificate, affidavit, letter, telecopy, telex or teletype message, statement, order or other document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons
and upon advice and statements of legal counsel (including without limitation counsel to the Borrower or the Lessee), independent accountants and other experts selected by the Agent. The 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 Agent. The Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other
Operative Agreement unless it shall first receive such advice or concurrence of the Majority Secured Parties, the Majority Credit Lenders, the Majority Mortgage Lenders or all the Primary Financing Parties, as the case may be, as set forth in the
Intercreditor Agreement or any other Operative Agreement or it shall first be indemnified to its satisfaction by the Primary Financing Parties against any and all liability and expense which may be incurred by it by reason of taking or continuing to
take any such action. The Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the other Operative Agreements in accordance with the Intercreditor Agreement, and such and any action taken or
failure to act pursuant thereto shall be binding upon all the Primary Financing Parties and all future holders of the Notes. 

(f) The Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default (other
than the failure of Lessee to pay Basic Rent to the Agent pursuant to the terms and conditions of the Operative Agreements as and when due) hereunder unless the Agent has received written notice from a Primary Financing Party, the Lessee or the
Borrower referring to this Agreement or such other Operative Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the event that the Agent receives such a notice, the Agent shall
give notice thereof to the Primary Financing 
  

 39 

 
Parties and the Lessee. The Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed in accordance with the terms of the Intercreditor
Agreement; provided, that unless and until the Agent shall have received such directions, the 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 Primary Financing Parties; provided, further, the foregoing shall not limit the rights of the Majority Secured Parties, the Majority Credit Lenders, the Majority Mortgage Lenders or
all the Primary Financing Parties, as the case may be, as described in this Agreement or the Intercreditor Agreement. 

(g) Each Primary Financing Party expressly acknowledges that neither the 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 Agent hereinafter taken, including without limitation any review of the affairs of the Lessee, shall be deemed to constitute
any representation or warranty by the Agent to any Primary Financing Party. Each Primary Financing Party represents to the Agent that it has, independently and without reliance upon the Agent or any other Primary Financing Party, 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 Lessee and made its own decision to make its
Credit Loans, make its Mortgage Loans or make its Lessor Advance hereunder and enter into this Agreement. Each Primary Financing Party also represents that it will, independently and without reliance upon the Agent or any other Primary Financing
Party, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Operative Agreements,
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 Lessee. The Agent agrees to provide to the Primary Financing Parties notices,
reports and other documents that are customarily provided by the Agent in its capacity as Agent in transactions similar to the transactions contemplated hereby and by the other Operative Agreements. Except for notices, reports and other documents
expressly required to be furnished to the Primary Financing Parties by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Primary Financing Party with any credit or other information concerning the business,
operations, property, condition (financial or otherwise), prospects or creditworthiness of the Lessee which may come into the possession of the Agent or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates. 

(h) The Primary Financing Parties agree to indemnify the Agent, in its capacity as such (to the extent not reimbursed by
the Borrower or the Lessee and without limiting any obligation of the Borrower or the Lessee under and in accordance with the terms of the Operative Agreements to do so), ratably according to their respective Commitment Percentages in effect on the
date on which indemnification is sought under this Section (or, if indemnification is sought after the date upon which the Credit Notes, the Mortgage Notes and the Lessor Advance shall have been paid in full, ratably in accordance with their
Commitment Percentages 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 which may at any time
(including without limitation at any time following the payment of the Credit Notes, the Mortgage Notes and the Lessor Advance) be imposed on, incurred by or asserted against the Agent in any way relating to or arising out of, the Commitments, this
Agreement, any of the other Operative Agreements 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 Agent under or in connection with any of the
foregoing; provided, that no Primary Financing Party shall be liable 
  

 40 

 
for the payment of any portion of such liabilities, obligations, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting solely from the gross negligence or
willful misconduct of the Agent, or its failure to use ordinary care in the handling of funds. The agreements in this Section shall survive the payment of the Credit Loans, the Mortgage Loans and the Lessor Advance and all other amounts payable
hereunder. 
 (i) The Agent and its Affiliates may make loans to, accept deposits from and generally engage in
any kind of business with the Borrower and/or the Lessee as though the Agent were not the Agent hereunder and under the other Operative Agreements. 

(j) (i) The Agent may resign at any time as the Agent upon sixty (60) days’ notice to the Primary Financing Parties, the
Borrower and, so long as no Lease Event of Default shall have occurred and be continuing, the Lessee. If the Agent shall resign as the Agent under this Agreement, a successor Agent shall be appointed by the Majority Secured Parties, which successor
Agent shall be subject to the approval of, so long as no Lease Event of Default shall have occurred and be continuing, the Lessee, such approval not to be unreasonably withheld or delayed. If no successor Agent is appointed prior to the effective
date of the resignation of the resigning Agent, the Agent may appoint, after consulting with the Primary Financing Parties and subject to the approval of, so long as no Lease Event of Default shall have occurred and be continuing, the Lessee, such
approval not to be unreasonably withheld or delayed, a successor Agent. Any successor Agent, however appointed, shall be a national banking association or a state chartered bank doing business within the United States of America and having a
combined capital and surplus of at least $350,000,000, and having a Debt Rating of “A” or better on the date of such appointment if there be such an institution willing, able and legally qualified to perform the duties of the Agent
hereunder upon reasonable or customary terms. If no successor Agent has accepted appointment as the Agent by the date which is sixty (60) days following a retiring Agent’s notice of resignation, the retiring Agent’s notice of
resignation shall nevertheless thereupon become effective and the Primary Financing Parties shall perform all of the duties of the Agent until such time, if any, as the Majority Secured Parties appoint a successor Agent, as provided for above. Upon
the effective date of such resignation, only such successor Agent shall succeed to all the rights, powers and duties of the retiring Agent and the term “Agent” shall mean such successor agent and the retiring Agent’s rights, powers
and duties in such capacity shall be terminated. After any retiring Agent resigns hereunder as the Agent, the provisions of this Section 8.6 shall inure to such retiring Agent’s benefit as to any actions taken or omitted to be taken
by it while it was the Agent under this Agreement. 
 (ii) The Agent may be removed (x) by any of the
Majority Credit Lenders, the Majority Mortgage Lenders or the Lessor in the case of fraud, misappropriation of funds or the commission of illegal acts by the Agent or where the Agent has failed to perform its obligations hereunder or under any other
Operative Agreement in any material respect, (y) any time at the request of any Primary Financing Party, but only with the consent of the Majority Credit Lenders, the Majority Mortgage Lenders, the Lessor and so long as no Lease Event of
Default shall have occurred and be continuing, the Lessee, or (z) at any time that an Event of Default shall have occurred and be continuing, by the Majority Credit Lenders. Any such removal shall be effective upon the acceptance of appointment
of a successor Agent in accordance with the provisions of paragraph (i) of this Section 8.6(j); provided, however, to the extent the Agent being replaced pursuant to clause (x) of this
Section 8.6(j)(ii) is also a Credit Lender, a Mortgage Lender or the Lessor, such Person shall not be permitted to vote in connection with the appointment or approval of a successor Agent pursuant to paragraph (i) of this
Section 8.6(j). 
  

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 (k) Other than the exercise of reasonable care to assure the safe custody of
the Property while being held by the Agent hereunder or under any other Operative Agreement, the Agent shall have no duty or liability to preserve rights pertaining thereto, it being understood and agreed that the Lessee shall be responsible for
preservation of the Property, and the Agent shall be relieved of all responsibility for the condition or preservation of the Property upon surrendering it or tendering the surrender of it to the Lessee. The Agent shall be deemed to have exercised
reasonable care in the custody and preservation of the Property in its possession if the Property is accorded treatment substantially equal to that which the Agent accords its own property, which shall be no less than the treatment employed by a
reasonable and prudent agent in the industry, it being understood that the Agent shall not have responsibility (except to reasonably comply with any express notice from any Primary Financing Party delivered to the Agent pursuant to the terms of the
Operative Agreements) for taking any necessary steps to preserve rights against any parties with respect to any of the Property. 

8.7 Collection and Allocation of Payments and Other Amounts; Special Provision Regarding Post-Expiration Date Sales.

 (a) The Lessee has agreed pursuant to Section 5.10 and otherwise in accordance with the terms
of this Agreement to pay to (i) the Agent any and all Rent (excluding Excepted Payments) and any and all other amounts of any kind or type under any of the Operative Agreements due and owing or payable by the Lessee to any party hereto and
(ii) each Person as appropriate the Excepted Payments. Promptly after receipt, the Agent shall apply and allocate, in accordance with the terms of this Section 8.7, such amounts received from the Lessee and all other payments,
receipts and other consideration of any kind whatsoever received by the Agent pursuant to the Security Agreement or otherwise received by the Agent, the Lessor or any of the Primary Financing Parties in connection with the Collateral, the Security
Documents or any of the other Operative Agreements. 
 (b) Except as set forth in Sections 8.7(b)(ii)
and 8.7(d) and except for Excepted Payments, payments and other amounts received by the Agent (or the Lessor, in which case such amount shall be paid to the Agent for distribution in accordance with this Section 8.7(b)) from time
to time in accordance with the terms of subparagraph (a) shall be applied and allocated as follows (subject in all cases to Section 8.7(c)): 

(i) Any such payment or amount identified as or deemed to be Basic Rent, any amount in respect of any Casualty,
Condemnation or Environmental Violation pursuant to Sections 15.1(a) or 15.1(g) of the Lease (excluding any payments in respect thereof which are payable to the Lessee in accordance with the Lease), any amount equal to any payment identified as
proceeds of the sale or other disposition (or lease upon the exercise of remedies) of the Property to a third party or any portion thereof, whether pursuant to Article XXII of the Lease or the exercise of remedies under the Security Documents
or otherwise or the exercise of foreclosure remedies under the Lease, any payment in respect of excess wear and tear pursuant to Section 22.3 of the Lease, any payment pursuant to Section 22.1(b) of the Lease (or otherwise) of the Maximum
Residual Guarantee Amount, any payment of Termination Value, any payment by any Guarantor, and any other amount received by the Agent or the Lessor, as the case may be, shall be applied and allocated by the Agent: first, to the Primary Financing
Parties for application and allocation to any and all amounts owing under the Operative Agreements 
  

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to the Primary Financing Parties in accordance with the terms and provisions of the Intercreditor Agreement; and second, any excess shall be paid to the Lessee or such Person or Persons as the
Lessee may designate. 
 (ii) An amount equal to any such payment identified as Supplemental Rent payable to the
Agent, the Lessor or any other Primary Financing Party shall be applied and allocated by the Agent to the payment of any amounts then owing to the Agent, the Lessor, the other Primary Financing Parties, and the other parties to the Operative
Agreements (or any of them) (other than any such amounts payable pursuant to the preceding provisions of this Section 8.7(b)) as shall be appropriate based upon the purposes for which such amount of Supplemental Rent is payable;
provided, however, that Supplemental Rent received after the occurrence and continuance of an Event of Default shall be applied and allocated by the Agent: first, to the Primary Financing Parties for application and allocation to any
and all amounts owing under the Operative Agreements to the Primary Financing Parties in accordance with the terms and provisions of the Intercreditor Agreement; and second, any excess shall be paid to the Lessee or such Person or Persons as the
Lessee may designate. 
 (iii) The Agent in its reasonable judgment shall identify the nature of each payment or
amount received by the Agent and apply and allocate each such amount in the manner specified above. 
 (c)
Notwithstanding any provision contained herein or in any other Operative Agreement to the contrary, upon the payment in full of the Credit Notes, the Mortgage Notes and all other amounts then due and owing by the Borrower to the Credit Lenders and
the Mortgage Lenders hereunder or under any other Operative Agreement, the payment in full of the Lessor Advance, all Lessor Yield and all other amounts then due and owing by the Lessee to the Lessor hereunder or under any other Operative Agreement
and the payment in full of all other amounts then due and owing to the Financing Parties pursuant to the Operative Agreements, any moneys remaining with the Agent shall be returned to the Lessee or its designee. Notwithstanding the foregoing, the
obligations of the Lessee shall be automatically reinstated if and to the extent that for any reason any payment by or on behalf of the Lessee is rescinded or must be otherwise restored by any Financing Party, whether as a result of any proceedings
in bankruptcy or reorganization or otherwise, and the Lessee agrees that it will, subject to the limitations expressly set forth in the Operative Agreements, indemnify each Financing Party on demand for all reasonable costs and expenses (including,
without limitation, reasonable fees of counsel) incurred by any Financing Party in connection with such rescission or restoration, including without limitation any such costs and expenses incurred in defending against any claim alleging that such
payment constituted a preference, fraudulent transfer or similar payment under any bankruptcy, insolvency or similar law. 

(d) If possession of the Property is delivered to Lessor pursuant to Section 22.6 of the Lease, then at the end of
each calendar month following the Expiration Date, any amounts received by the Agent during the calendar month then ended as proceeds from the sale, rental, or other disposition of the Property and any insurance proceeds paid in connection with a
Casualty or Condemnation relating to the Property shall be distributed by the Agent in the following order of priority: first, so much of such payment or amount as shall be required to reimburse the Agent and the Lessor for any expenses, fees,
indemnities or other losses incurred by the Agent or the Lessor under the Operative Agreements relating to, or which the Agent or the Lessor determines is allocable to, the Property, second, so much of such amount as shall be required to pay to any
Person, including the Agent or the Lessor, all expenses and other costs and expenses of 
  

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maintaining, operating or insuring the Property, third, so much of such amount as shall be required to pay actual and reasonable costs of selling the Property during the preceding calendar month,
including all finders’ and brokers’ fees allocable to the Property, fourth, to the Primary Financing Parties whose Primary Financing Party Balances were not paid in full as of the Expiration Date to pay in full the Post-Expiration Date
Balance of each such Primary Financing Party, fifth, solely with respect to a sale of the Property prior to the two year anniversary of the Expiration Date, to the Lessee in an amount up to any previously unreimbursed Maximum Residual Guarantee
Amount; and sixth, the balance, if any, shall be promptly distributed to, or as directed by, the Lessor. 
 8.8 Release of
the Property, etc. 
 If the Lessee shall at any time purchase the Property pursuant to the Lease or if the Property
shall be sold in accordance with Article XXII of the Lease, then, upon satisfaction by the Borrower of its obligation to prepay the Financing and all other amounts owing to the Financing Parties under the Operative Agreements, the Agent
is hereby authorized and directed to release the Property from the Liens created by the Security Documents to the extent of its interest therein. In addition, upon the termination of the Commitments and the payment in full of the Financing and all
other amounts owing by the Borrower and the Lessee hereunder or under any other Operative Agreement, the Agent is hereby authorized and directed to release the Property from the Liens created by the Security Documents to the extent of its interest
therein. Upon request of the Borrower following any such release, the Agent shall, at the sole cost and expense of the Lessee, execute and deliver to the Borrower and the Lessee such documents as the Borrower or the Lessee shall reasonably request
to evidence such release. 
 8.9 Limitation of Lessor’s Obligations. 

(a) The Lessor shall not have any duty or obligation to manage, control, use, make any payment in respect of, register,
record, insure, inspect, sell, dispose of or otherwise deal with the Property or any other part of the Borrower’s Interest, or to otherwise take or refrain from taking any action under or in connection with any Operative Agreement to which the
Lessor is a party, except as expressly provided by the terms of the Operative Agreements or in written instructions from all the Primary Financing Parties and/or the Majority Secured Parties, as applicable, received pursuant to
Section 8.6; and no implied duties or obligations shall be read into the Operative Agreements against the Lessor. The Lessor nevertheless agrees that it will promptly take all action as may be necessary to discharge any Lessor Liens on
any part of the Property. 
 (b) The Lessor agrees that it will not manage, control, use, sell, dispose of or
otherwise deal with the Property or any other part of the Borrower’s Interest except (a) as required by the terms of the Operative Agreements, (b) in accordance with the powers granted to, or the authority conferred upon, it pursuant
to the Operative Agreements or (c) in accordance with the express terms hereof and with written instructions from the Agent, all the Primary Financing Parties and/or the Majority Secured Parties, as applicable, pursuant to
Section 8.6. 
 (c) Except in accordance with written instructions furnished pursuant to an
applicable provision of the Operative Agreements (expressly cited in such instructions), and without limitation of the generality of Section 8.9(a), the Lessor shall not have any duty to (i) file, record or deposit any Operative Agreement
or any other document, or to maintain any such filing, recording or deposit or to refile, rerecord or redeposit any such document; (ii) obtain insurance on the Property or effect or maintain any such insurance, other than to receive and forward
to each Primary Financing Party and the Agent any notices, policies, certificates or binders furnished to 
  

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the Lessor pursuant to the Lease; (iii) maintain the Property; (iv) pay or discharge any Tax or any Lien owing with respect to or assessed or levied against any part of the
Borrower’s Interest, except as provided in the last sentence of Section 8.9(a), other than to forward notice of such Tax or Lien received by the Lessor to the Lessee, each Primary Financing Party and the Agent; (v) confirm,
verify, investigate or inquire into the failure to receive any reports or financial statements of Lessee or any other Person; (vi) inspect the Property at any time or ascertain or inquire as to the performance or observance of any of the
covenants of Lessee or any other Person under any Operative Agreement with respect to the Property; or (vii) manage, control, use, sell, dispose of or otherwise deal with the Property or any part thereof or any other part of the Borrower’s
Interest, except as provided in Section 8.9(b). 
 (d) The Lessor, in the exercise or administration
of its powers pursuant to the Operative Agreements, may, at the expense and, so long as no Lease Default or Lease Event of Default shall have occurred and be continuing, with the consent of Lessee employ agents, attorneys, accountants, and auditors
and enter into agreements with any of them and the Lessor shall not be liable for the default or misconduct of any such agents, attorneys, accountants or auditors if such agents, attorneys, accountants or auditors shall have been selected by it with
reasonable care. 
 8.10 NO REPRESENTATIONS OR WARRANTIES AS TO THE PROPERTY OR OPERATIVE AGREEMENTS. 

THE LESSOR MAKES (I) NO REPRESENTATION OR WARRANTY, EITHER EXPRESS OR IMPLIED, AS TO THE TITLE, VALUE, USE, CONDITION, DESIGN,
OPERATION, MERCHANTABILITY OR FITNESS FOR USE OF THE PROPERTY (OR ANY PART THEREOF), OR ANY OTHER REPRESENTATION, WARRANTY OR COVENANT WHATSOEVER, EXPRESS OR IMPLIED, WITH RESPECT TO THE PROPERTY (OR ANY PART THEREOF) AND THE LESSOR SHALL NOT BE
LIABLE FOR ANY LATENT, HIDDEN, OR PATENT DEFECT THEREIN OR THE FAILURE OF THE PROPERTY, OR ANY PART THEREOF, TO COMPLY WITH ANY LEGAL REQUIREMENT EXCEPT AS EXPRESSLY SET FORTH IN THE OPERATIVE AGREEMENTS, INCLUDING SECTION 6.1(l) AND THE
LAST SENTENCE OF SECTION 8.9(a) HEREOF, AND (II) NO REPRESENTATION OR WARRANTY AS TO THE VALIDITY OR ENFORCEABILITY OF ANY OPERATIVE AGREEMENT AS AGAINST ANY PERSON OTHER THAN THE LESSOR OR AS TO THE CORRECTNESS OF ANY STATEMENT
MADE BY A PERSON OTHER THAN THE LESSOR CONTAINED IN ANY THEREOF. 
 8.11 Reliance; Advice of Counsel. 

Neither the Agent nor the Lessor shall incur any liability to any Person in acting upon any signature, instrument, notice, resolution,
request, consent, order, certificate, report, opinion, bond or other document or paper reasonably believed by it to be genuine and believed by it in good faith to be signed by the proper party or parties. Each of the Agent and the Lessor may accept
and rely upon a certified copy of a resolution of the board of directors or other governing body of any corporate party as conclusive evidence that such resolution has been duly adopted by such body and that the same is in full force and effect. As
to any fact or matter the manner of ascertainment of which is not specifically prescribed herein, each of the Agent and the Lessor may for all purposes of the Operative Agreements rely on an Officer’s Certificate of the relevant party, as to
such fact or matter, and such certificate shall constitute full protection to each of the Agent and the Lessor for any action taken or omitted to be taken by it reasonably in good faith in reliance thereon. In the administration of each of the
Agent’s and the Lessor’s duties, the Lessor may execute and perform its powers and duties directly or through agents or attorneys and may consult with counsel, accountants and other skilled Persons to be selected and employed by it,

  

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and neither the Agent nor the Lessor shall be liable for anything done, suffered or omitted reasonably in good faith by it in accordance with the advice or opinion of any such counsel,
accountants or other skilled Persons and not contrary to the Operative Agreements. 
 8.12 Amendments to Lessee Credit
Agreement. 
 The Lessee hereby agrees to furnish, or cause to be furnished, to the Agent and each of the Credit Lenders,
promptly upon the effectiveness thereof, notice of any additions, amendments or modifications to the financial and negative covenants (and related definitions) set forth in the Lessee Credit Agreement to the extent the same are not included in, or
are more favorable to the lenders party thereto than the covenants set forth in Section 8.3B of, this Agreement. In such event, the Lessee hereby agrees to make modifications or supplements to the covenants set forth in
(a) Sections 8.3B.1, 8.3B.2, 8.3B.3, 8.3B.8, and 8.3B.9, of this Agreement and (b) (only to the extent modifications or supplements to the following sections are requested by two or more Lenders)
Sections 8.3B.4, 8.3B.5, 8.3B.6, 8.3B.7, and 8.3B.10, of this Agreement, with regard to each of the covenants referenced in the foregoing subsections (a) and (b) in a manner consistent with such
addition, amendment, modification or supplement made to such covenants in the Lessee Credit Agreement. Notwithstanding the foregoing, the Lessee hereby further agrees that such changes, additions, modifications or supplements to such covenants shall
be deemed immediately and automatically effective hereunder upon (x) the effectiveness of such modification or addition to such covenants set forth in the Lessee Credit Agreement (with regard to each of the covenants referenced in the foregoing
subsection (a)) and (y) the effectiveness of such modification or addition to such covenants set forth in the Lessee Credit Agreement (with regard to each of the covenants referenced in the foregoing subsection (b) subsequent to a
request by two or more Lenders), with regard to the matters referenced in the foregoing subsections (x) and (y) without any further action on the part of the Majority Credit Lenders, including, without limitation, the entering into of a
written amendment or supplement to any Operative Agreement. The parties nevertheless agree to promptly enter into a written amendment or supplement memorializing any of such changes, additions, modifications or supplements upon the request of any
other party. 
 8.13 Non-Disturbance. 

In furtherance of Section 5.1 of the Lease, each of the Financing Parties hereby acknowledges and agrees that so long as no
Lease Event of Default shall exist and be continuing, neither the Agent nor any Primary Financing Party will disturb the possession of Lessee, will terminate the Lease or join Lessee in summary ejectment or foreclosure proceedings (unless such
joinder is required to effect such ejectment or foreclosure proceedings against the Borrower, but subject to the non-disturbance rights of Lessee hereunder), and shall recognize the leasehold estate and contractual rights of the Lessee under the
Lease, including without limitation the Purchase Option granted thereunder to the Lessee, it being understood that such leasehold estate and rights of the Lessee shall be unaffected by any foreclosure action or enforcement of remedies by the Agent
or any Primary Financing Party hereunder so long as no Lease Event of Default shall exist and be continuing. 
 SECTION 9 

 LOAN AGREEMENTS 

9.1 The Lessee’s Loan Agreement Rights. 

Notwithstanding anything to the contrary contained in either Loan Agreement, the Agent, the Borrower, the Lenders and the Lessee hereby
agree that, prior to the occurrence and continuation of any Lease Default or Lease Event of Default, the Lessee shall have the following rights: 

(a) [Reserved]; 
  

 46 

 (b) [Reserved]; 

(c) the right to exercise the conversion and continuation options pursuant to Section 2.7 of either Loan
Agreement, respectively; 
 (d) the right to receive any notice and any certificate, in each case issued pursuant
to Section 2.11(a) of either Loan Agreement, respectively; and 
 (e) the right to replace any Lender
pursuant to Section 2.11(b) of either Loan Agreement, respectively. 
 SECTION 10 

TRANSFER OF INTEREST 

10.1 Restrictions on Transfer. 

(a) The Lessor may, subject to the rights of the Lessee under the Lease and the other Operative Agreements, the rights of
the Primary Financing Parties under the Operative Agreements and to the Lien of the applicable Security Documents, directly or indirectly, assign, convey, or otherwise transfer all but not less than all of its right, title and interest in or to the
Property, the Lease and the other Operative Agreements (including without limitation any right to indemnification thereunder), and any other document relating to the Property or any interest in the Property as provided in the Lease to any Eligible
Lessor for any reason, but only with the prior written consent of the Majority Secured Parties (the consent of any individual Secured Party not to be unreasonably withheld or delayed) and (provided, no Lease Default or Lease Event of Default
has occurred and is continuing) with the consent of the Lessee (not to be unreasonably withheld or delayed). The Lessor hereby agrees that the Lessee shall be deemed to have acted reasonably and shall have exercised reasonable discretion in the
event and to the extent the Lessee has withheld its consent to or refused to approve any requested transfer, assignment, conveyance or appointment by the Lessor under this Section 10.1(a) based on a reasonable belief that the requested
transfer, assignment, conveyance or appointment will adversely affect the accounting by the Lessee of the transactions contemplated hereunder and under the other Operative Agreements in accordance with GAAP. The provisions of the first sentence of
this Section 10.1(a) shall not apply to the obligations of the Lessor to transfer the Property to the Lessee or a third party purchaser pursuant to Article XXII of the Lease upon payment for the Property in accordance with
the terms and conditions of the Lease. The Lessee may not assign any of the Operative Agreements or any of its rights or obligations thereunder or with respect to the Property in whole or in part to any Person without the prior written consent of
the Agent and the Primary Financing Parties. Each Credit Lender may participate, assign or transfer all or a portion of its interest hereunder and under the other Operative Agreements only in accordance with the provisions of the Credit Note Loan
Agreement, and each Mortgage Lender may participate, assign or transfer all or a portion of its interest hereunder and under the other Operative Agreements only in accordance with the Mortgage Note Loan Agreement. 

(b) Notwithstanding anything to the contrary in Section 10.1(a), no consent shall be required from the Agent,
the Lessee or any Primary Financing Party (but Lessor shall provide one hundred eighty (180) days (or such shorter period as required by the Legal Requirement giving 

 

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rise to the assignment, conveyance, appointment or transfer contemplated by this Section 10.1(b)) written notice to the Agent and the Lessee) in connection with any assignment,
conveyance, appointment or transfer by the Lessor required by any Legal Requirement (including pursuant to the direction or recommendation of any Governmental Authority) of all or any of its right, title or interest in or to the Property, the Lease
and the other Operative Agreements (including without limitation any right to indemnification thereunder), or any other document relating to the Property or any interest in the Property as provided in the Lease to an Eligible Lessor;
provided, in such case, so long as no Lease Default or Lease Event of Default shall have occurred and be continuing, Lessee shall have the right to require the Lessor (unless such transfer or conveyance has already occurred, in which case the
Lessee shall have the right to require such transferee) to transfer its interest to an Eligible Lessor selected by the Lessee, in its reasonable discretion; provided, further, Lessee shall be responsible for any cost or expense
incurred by the Lessor in connection with any assignment, conveyance, appointment or transfer by the Lessor pursuant to this Section 10.1(b). 

(c) The Lessee agrees to indemnify the Lessor for any actual loss, claim or increased costs incurred by the Lessor and
quantified to Lessee in writing by Lessor in reasonable detail as a result of any change in GAAP that adversely affects the Lessor; provided, however, in the case of such a change in GAAP that adversely affects the Lessor, as long as
no Lease Default or Lease Event of Default shall have occurred and be continuing, Lessee shall have the right to require the Lessor to transfer its interest to an Eligible Lessor selected by the Lessee, in its reasonable discretion; provided,
further, nothing in the preceding proviso shall limit the obligation of the Lessee to provide the indemnity set forth in this Section 10.1(c). Lessor hereby agrees to notify the Lessee within thirty (30) days after a
Responsible Officer of Lessor obtains knowledge of an actual or proposed change in GAAP that would require Lessee’s performance under this Section 10.1(c); provided, notwithstanding the foregoing, Lessor agrees to use
reasonable efforts to notify Lessee of any such change in GAAP that adversely affects the Lessor prior to the effective date of any such change in GAAP. 

(d) (i) Lessee shall have the right at any time during the Term to require the Lessor to transfer its interest in the Property and the
Operative Agreements to an Eligible Lessor selected by the Lessee, in its reasonable discretion; provided, Lessee shall give the Agent (on behalf of the Secured Parties) reasonable prior written notice of any transfer pursuant to this
Section 10.1(d)(i). 
 (ii) If a Bankruptcy Event of the parent company of the Lessor shall have
occurred and be continuing, the Majority Credit Lenders shall have the right to require the Lessor to transfer its interest in the Property and the Operative Agreements to an Eligible Lessor selected by the Majority Credit Lenders, in their
reasonable discretion; provided, nothing in this Section 10.1(d)(ii) shall be deemed to prevent the Lessee from exercising its rights (or otherwise affect the Lessee’s rights) under Section 10.1(d)(i) to require
any transferee Eligible Lessor selected by the Majority Credit Lenders pursuant to this Section 10.1(d)(ii) to transfer its interest in the Property and the Operative Agreements to an Eligible Lessor selected by the Lessee, in its
reasonable discretion. 
 10.2 Effect of Transfer. 

From and after any transfer effected in accordance with this Section 10, the transferor shall be released, to the extent of such
transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor shall remain liable hereunder and
under such other documents to the extent 
  

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that the transferee shall not have assumed the obligations of the transferor thereunder. Upon any transfer by the Lessor or any other Primary Financing Party as above provided, any such
transferee shall assume the obligations of the Lessor or such Primary Financing Party, as the case may be, and shall be deemed the “Lessor” and/or a “Primary Financing Party”, as the case may be, for all purposes of such
documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all of the transferor’s interest as
provided in this Section 10, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document. 

SECTION 11 

INDEMNIFICATION 

11.1 General Indemnity. 

Subject to the provisions of Sections 11.6, 11.7 and 11.8 whether or not any of the transactions contemplated
hereby shall be consummated, the Indemnity Provider hereby assumes liability for and agrees to defend, indemnify and hold harmless each Indemnified Person on an After Tax Basis from and against any Claims, which may be imposed on, incurred by or
asserted against an Indemnified Person by any third party, including without limitation Claims arising from the negligence of an Indemnified Person (but not to the extent such Claims arise from the (u) misrepresentation or breach of warranty by
an Indemnifed Person regarding its representations and warranties under any of the Operative Agreements, (v) failure by an Indemnified Person to comply with applicable state or federal banking Laws or other Laws, (w) acts or omissions that
occur after the Credit Loans, the Mortgage Loans, the Lessor Advance and all other amounts outstanding under or pursuant to the Operative Agreements have been paid in full and the Lessee has either purchased the Property in accordance with the terms
of the Operative Agreements or relinquished its interest in the Property in accordance with the terms of the Operative Agreements, (x) gross negligence or willful misconduct of such Indemnified Person itself, as determined by a court of
competent jurisdiction (as opposed to gross negligence or willful misconduct imputed to such Indemnified Person) or (y) breach of such Indemnified Person’s obligations under this Agreement, the Lease or any other Operative Agreement,
except any breach by any Indemnified Person caused by any breach by any Credit Party of any obligation of any Credit Party pursuant to the Operative Agreements) in any way relating to or arising or alleged to arise out of the execution, delivery,
performance or enforcement of this Agreement, the Lease or any other Operative Agreement or on or with respect to the Property or any component thereof, including without limitation Claims in any way relating to or arising or alleged to arise out of
(a) the financing, refinancing, purchase, ownership, design, construction, refurbishment, development, delivery, acceptance, nondelivery, leasing, subleasing, possession, use, occupancy, operation, maintenance, repair, modification or any
disposition of the Property or any part thereof; (b) any latent or other defects in the Property or any portion thereof whether or not discoverable by an Indemnified Person or the Indemnity Provider; (c) a violation of Environmental Laws,
Environmental Claims or other loss of or damage to any property or the environment relating to the Property, the Lease or the Indemnity Provider (collectively, all such items referenced in this Section 11.1(c) may be referred to as the
“Environmental Matters”); (d) the Operative Agreements, or any transaction contemplated thereby; (e) any breach by the Indemnity Provider of any of its representations or warranties under the Operative Agreements to which
the Indemnity Provider is a party or failure by the Indemnity Provider to perform or observe any covenant or agreement to be performed by it under any of the Operative Agreements; (f) the transactions contemplated hereby or by any other
Operative Agreement, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA; (g) personal injury, death or property damage, including without limitation Claims based on strict or absolute liability in tort; and
(h) any fees, expenses and/or other assessments by any business park or any other similar entity for the Property. 
  

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 If a written Claim is made against any Indemnified Person or if any proceeding shall be
commenced against such Indemnified Person (including without limitation a written notice of such proceeding), for any Claim, such Indemnified Person shall promptly notify the Indemnity Provider in writing and shall not take action with respect to
such Claim without the consent of the Indemnity Provider for thirty (30) days after the receipt of such notice by the Indemnity Provider; provided, however, that in the case of any such Claim, if action shall be required by law or
regulation to be taken prior to the end of such period of thirty (30) days, such Indemnified Person shall endeavor to, in such notice to the Indemnity Provider, inform the Indemnity Provider of such shorter period, and no action shall be taken
with respect to such Claim without the consent of the Indemnity Provider before seven (7) days before the end of such shorter period (unless required by law or regulation prior to the end of such seven (7) day period); provided,
further, that the failure of such Indemnified Person to give the notices referred to in this sentence shall not diminish the Indemnity Provider’s obligation hereunder except to the extent such failure precludes in all respects the
Indemnity Provider from contesting such Claim. 
 If, within thirty (30) days of receipt of such notice from the
Indemnified Person (or such shorter period as the Indemnified Person has notified the Indemnity Provider is required by law or regulation for the Indemnified Person to respond to such Claim), the Indemnity Provider shall request in writing that such
Indemnified Person respond to such Claim, the Indemnified Person shall, at the expense of the Indemnity Provider, in good faith conduct and control such action (including without limitation by pursuit of appeals); provided, however,
that (A) if such Claim, in the Indemnity Provider’s reasonable discretion, can be pursued by the Indemnity Provider on behalf of or in the name of such Indemnified Person, the Indemnified Person, at the Indemnity Provider’s request,
shall allow the Indemnity Provider to conduct and control the response to such Claim and (B) in the case of any Claim (and notwithstanding the provisions of the foregoing subsection (A)), the Indemnified Person may request the Indemnity
Provider to conduct and control the response to such Claim with counsel to be selected by the Indemnity Provider after the solicitation and consideration of any advice provided by such Indemnified Person. In any event, with regard to any Claim for
which the response is to be conducted and controlled by the Indemnity Provider, any Indemnified Person may retain separate counsel at the expense of the Indemnity Provider in the event of a material conflict of interest between such Indemnified
Person and the Indemnity Provider. Also, in the sole discretion of the Person conducting and controlling the response to any Claim, such response may include (1) resisting payment thereof, (2) not paying the same except under protest, if
protest is necessary and proper, (3) if the payment be made, using reasonable efforts to obtain a refund thereof in appropriate administrative and judicial proceedings, or (4) taking such other action as is reasonably recommended by
competent counsel from time to time. 
 The party controlling the response to any Claim shall consult in good faith with the
non-controlling party and shall keep the non-controlling party reasonably informed as to the conduct of the response to such Claim; provided, that all decisions ultimately shall be made in the reasonable discretion of the controlling party;
and, provided, further, the parties agree that an Indemnified Person may at any time decline to take further action with respect to the response to a Claim and may settle the Claim if such Indemnified Person shall waive its rights to
any indemnity from the Indemnity Provider for costs of the settlement in excess of a Reasonable Settlement Amount that otherwise would be payable in respect of such Claim (or in respect of any future Claim, the pursuit of which is precluded by
reason of such settlement of such Claim) and shall reimburse the Indemnity Provider any such excess costs previously paid or advanced by the Indemnity Provider pursuant to this Section 11.1 by way of indemnification or advance for a
payment regarding such Claim. 
  

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 Notwithstanding the foregoing provisions of this Section 11.1, an Indemnified
Person shall not be required to take any action unless (A) the Indemnity Provider shall have agreed to pay and shall pay to such Indemnified Person on demand and on an After Tax Basis all reasonable costs, losses and expenses that such
Indemnified Person actually incurs in connection with such Claim, including without limitation all reasonable legal, accounting and investigatory fees and disbursements and, if the Indemnified Person has informed the Indemnity Provider that it
intends to contest such Claim (whether or not the control of the contest is then assumed by the Indemnity Provider), the Indemnity Provider shall have agreed that the Claim is an indemnifiable Claim hereunder, (B) in the case of a Claim that
must be pursued in the name of an Indemnified Person (or an Affiliate thereof), the amount of the potential indemnity (taking into account all similar or logically related Claims that have been or could be raised for which the Indemnity Provider may
be liable to pay an indemnity under this Section 11.1) exceeds $250,000 (or such lesser amount as may be subsequently agreed between the Indemnity Provider and the Indemnified Person), (C) the Indemnified Person shall have
reasonably determined that the action to be taken will not result in any material danger of sale, forfeiture or loss of the Property, or any part thereof or interest therein, will not interfere with the payment of Rent, and will not result in risk
of criminal liability, (D) if such Claim shall involve the payment of any amount prior to the resolution of such Claim, the Indemnity Provider shall provide to the Indemnified Person an interest-free advance in an amount equal to the amount
that the Indemnified Person is reasonably required to pay upon advice of counsel (with no additional net after-tax cost to such Indemnified Person) prior to the date such payment is due, (E) in the case of a Claim, including any appeal thereof,
that must be pursued in the name of an Indemnified Person (or an Affiliate thereof), the Indemnity Provider shall have caused to be provided to such Indemnified Person advice, but not an opinion, of independent counsel selected by the Indemnity
Provider and reasonably satisfactory to the Indemnified Person stating that a reasonable basis exists to contest such Claim (or, in the case of an appeal of an adverse determination, advice, but not an opinion, of such counsel to the effect that the
position asserted in such appeal will more likely than not prevail) and (F) no Event of Default shall have occurred and be continuing. In no event shall an Indemnified Person be required to appeal an adverse judicial determination to the United
States Supreme Court. In addition, an Indemnified Person shall not be required to contest any Claim in its name (or that of an Affiliate) if the subject matter thereof shall be of a continuing nature and shall have previously been decided adversely
by a court of competent jurisdiction pursuant to the contest provisions of this Section 11.1, unless there shall have been a Change in Law and the Indemnified Person shall have received, at the Indemnity Provider’s expense, advice,
but not an opinion, of independent counsel selected by the Indemnity Provider and reasonably acceptable to the Indemnified Person stating that as a result of such Change in Law, it is more likely than not that the Indemnified Person will prevail in
such contest. In no event shall the Indemnity Provider be permitted to adjust or settle any Claim without the consent of the Indemnified Person to the extent any such adjustment or settlement involves, or is reasonably likely to involve, any
performance by or adverse admission by or with respect to the Indemnified Person. 
 In the event that the Indemnity Provider
shall be required to make any payment under this Section 11.1 to an Indemnified Person, the Indemnified Person agrees to take such reasonable action as is requested by the Indemnity Provider, in writing, any such action to be at the risk
and expense of the Indemnity Provider, to minimize the consequences of the After-Tax Basis method of the indemnity. 
 Each
Indemnified Person shall cooperate in good faith (provided, the Indemnity Provider shall bear all cost and expense incurred by each Indemnified Person in connection therewith) in connection with any actions, suits or proceedings in providing
any information in the possession of such Indemnified Person which may be requested by counsel of the Indemnity Provider in connection with any matter for which the Indemnified Person seeks indemnification under the Operative Agreements. 

Upon payment in full of any Claim by the Indemnity Provider or any insurer under a policy of insurance, the Indemnity Provider, without
any further action, shall be subrogated to the claim that the 
  

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Indemnified Person may have relating thereto and such Indemnified Person shall execute such instruments of assignments and conveyance, evidence of claims and payment and such other documents,
instruments and agreements as may be reasonably necessary to preserve any such claims and otherwise cooperate with the Indemnity Provider as may be reasonably necessary or advisable to enable the Indemnity Provider or its insurer as the case may be
vigorously to pursue the Claim; provided, notwithstanding the foregoing, (a) the Indemnity Provider shall bear all cost and expense incurred by each Indemnified Person in connection with any and all of the matters described in this
paragraph and (b) each and every instrument, evidence of claims and payments, document and agreement of any kind or type referenced in this paragraph shall be (i) prepared by the Indemnity Provider and (ii) modified as requested by
the Indemnified Person, in the exercise of such Indemnified Persons commercially reasonable judgment. 
 11.2 General Tax
Indemnity. 
 (a) Subject to and limited by in all respects the provisions of this
Section 11.2 and Sections 11.7 and 11.8, the Indemnity Provider shall pay and assume liability for, and does hereby agree to indemnify, protect and defend the Property and all Indemnified Persons, and hold them
harmless against, (i) all Impositions on an After Tax Basis and (ii) taxes that are in the nature of gross income, privilege or doing business taxes (not included in the definition of Impositions) imposed to the extent related to the
transactions contemplated hereby, the Lessor, and all payments pursuant to the Operative Agreements shall be made free and clear of and without deduction for any and all present and future Impositions. In the event that the Indemnity Provider shall
be required to make any payment under this Section 11.2(a) to an Indemnified Person, the Indemnified Person agrees to take such reasonable action as is requested by the Indemnity Provider, in writing, any such action to be at the risk
and expense of the Indemnity Provider, to minimize the consequences of the After-Tax Basis method of the indemnity. 

(b) Notwithstanding anything to the contrary in Section 11.2(a) hereof, the following shall be excluded from
the indemnity required by Section 11.2(a) (collectively, the “Excluded Taxes”): 

(i) Taxes (other than Taxes that are, or are in the nature of, sales, use, rental, value added, ad valorem, transfer
or property taxes) that are imposed on any Indemnified Person (other than the Lessor) by the United States federal government that generally apply to financial institutions by reason of the types of activities undertaken by them and that are based
on or measured by the net income (including without limitation taxes based on capital gains and minimum taxes) of such Person; provided, that this clause (i) shall not be interpreted to prevent a payment from being made on an After Tax
Basis if such payment is otherwise required to be so made; 
 (ii) Taxes (other than Taxes that are, or are in
the nature of, sales, use, rental, value added, ad valorem, transfer or property taxes) that are imposed on any Indemnified Person (other than the Lessor) by any state or local jurisdiction or taxing authority within any state or local
jurisdiction and that are based upon or measured by the net income (including without limitation taxes based on capital gains and minimum taxes) of such Person; provided that such Taxes shall not be excluded under this subparagraph
(ii) to the extent such Taxes would have been imposed had the location, possession or use of the Property in, the location or the operation of the Lessee in, or the Lessee’s making payments under the Operative Agreements from, the
jurisdiction imposing such Taxes been the sole connection between such Indemnified Person and the jurisdiction imposing such Taxes; provided, further, that this clause (ii) shall not be interpreted to prevent a payment from being
made on an After Tax Basis if such payment is otherwise required to be so made; 
  

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 (iii) any Tax to the extent it relates to any act, event or omission that
occurs after the termination of the Lease and redelivery or sale of the Property in accordance with the terms of the Lease (but not any Tax that relates to such termination, redelivery or sale and/or to any period prior to such termination,
redelivery or sale); and 
 (iv) any Taxes which are imposed on an Indemnified Person as a result of the gross
negligence or willful misconduct of such Indemnified Person itself, as determined by a court of competent jurisdiction (as opposed to gross negligence or willful misconduct imputed to such Indemnified Person), but not Taxes imposed as a result of
ordinary negligence of such Indemnified Person. 
 Notwithstanding the foregoing, the exclusions from the
definition of “Impositions” set forth in clauses (i), (ii) and (iii) shall not apply (but the other exclusions shall apply) to any Taxes or increase in Taxes imposed on an Indemnified Person net of any decrease in Taxes
realized by such Indemnified Person, to the extent that such tax increase or decrease would not have occurred if on the Closing Date the Primary Financing Parties had advanced funds to the Lessee in the form of a loan secured by the Property in an
amount equal to the Advances funded on such date, with debt service equal to the Basic Rent payable on each Schedule Interest Payment Date and a principal balance at the maturity of such loan in an amount equal to the then outstanding amount of the
Notes and the Lessor Advance at the end of the term of the Lease. 
 (c)(i) Subject to the terms of Section 11.2(f),
the Indemnity Provider shall pay or cause to be paid in a timely manner all Impositions directly to the taxing authorities where feasible and otherwise to the Indemnified Person, as appropriate, and the Indemnity Provider shall at its own expense,
upon such Indemnified Person’s reasonable request, furnish to such Indemnified Person copies of official receipts or other satisfactory proof evidencing such payment. 

(ii) In the case of Impositions for which no contest is conducted pursuant to Section 11.2(f) and which the
Indemnity Provider pays directly to the taxing authorities, the Indemnity Provider shall pay such Impositions prior to the latest time permitted by the relevant taxing authority for timely payment. In the case of Impositions for which the Indemnity
Provider reimburses an Indemnified Person, the Indemnity Provider shall do so within thirty (30) days after receipt by the Indemnity Provider of demand by such Indemnified Person describing in reasonable detail the nature of the Imposition and
the basis for the demand (including without limitation the computation of the amount payable), accompanied by receipts or other reasonable evidence of such demand. In the case of Impositions for which a contest is conducted pursuant to
Section 11.2(f), the Indemnity Provider shall pay such Impositions or reimburse such Indemnified Person for such Impositions, to the extent not previously paid or reimbursed pursuant to subsection (a), prior to the latest time permitted
by the relevant taxing authority for timely payment after conclusion of all contests under Section 11.2(f). 

(iii) At the Indemnity Provider’s request, the amount of any indemnification payment by the Indemnity Provider
pursuant to subsection (a) shall be verified and certified by an independent public accounting firm mutually acceptable to the Indemnity Provider and the Indemnified Person. The fees and expenses of such independent public accounting firm shall be
paid by the Indemnity Provider unless such verification shall 
  

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result in an adjustment in the Indemnity Provider’s favor of five percent (5%) or more of the payment as computed by the Indemnified Person, in which case such fee shall be paid by the
Indemnified Person. 
 (d) The Indemnity Provider shall be responsible for preparing and filing any real and
personal property or ad valorem tax returns in respect of the Property. In case any other report or tax return shall be required to be made with respect to any obligations of the Indemnity Provider under or arising out of subsection (a) and of
which the Indemnity Provider has knowledge or should have knowledge, the Indemnity Provider, at its sole cost and expense, shall notify the relevant Indemnified Person of such requirement and (except if such Indemnified Person notifies the Indemnity
Provider that such Indemnified Person intends to prepare and file such report or return) (A) to the extent required or permitted by and consistent with Legal Requirements, make and file in the Indemnity Provider’s name such return,
statement or report; and (B) in the case of any other such return, statement or report required to be made in the name of such Indemnified Person, advise such Indemnified Person of such fact and prepare such return, statement or report for
filing by such Indemnified Person or, where such return, statement or report shall be required to reflect items in addition to any obligations of the Indemnity Provider under or arising out of subsection (a), provide such Indemnified Person at the
Indemnity Provider’s expense with information sufficient to permit such return, statement or report to be properly made with respect to any obligations of the Indemnity Provider under or arising out of subsection (a) no later than
fifteen (15) days prior to the due date thereof. Such Indemnified Person shall, upon the Indemnity Provider’s request and at the Indemnity Provider’s expense, provide any data maintained by such Indemnified Person (and not otherwise
available to or within the control of the Indemnity Provider) with respect to the Property which the Indemnity Provider may reasonably require to prepare any required tax returns or reports. If an Indemnified Person or an Affiliate receives
notification from a taxing authority having jurisdiction over the Indemnified Person or the Property that an Imposition has been or will be imposed or a filing is required in connection therewith for which indemnification is required to be provided
by the Indemnity Provider hereunder, then such Indemnified Person shall provide prompt written notice thereof to the Indemnity Provider; provided, however, the failure of the Indemnified Person to provide any such notice shall not
relieve the Indemnity Provider of its obligations hereunder except to the extent that the failure by the Indemnified Person to provide such notice actually and materially expands the obligations (including any increase in the amount of any
indemnity) of the Indemnity Provider hereunder. 
 If an Indemnified Person or an Affiliate with whom such
Indemnified Person files a consolidated tax return, or equivalent, subsequently receives the refund of an amount that such Indemnified Person determines in its sole discretion to be indemnified hereunder, then, so long as no Event of Default shall
exist and be continuing, such Indemnified Person shall pay the amount of such refund, together with the amount of interest actually received thereon, if any, to the Indemnity Provider; provided, however, if any refund or other amount
shall ever be subject to reclaim or otherwise be required to be returned or repaid to the applicable taxing authority that issued such refund, then the amount subject to the reclaim or otherwise required to be repaid to such tax authority shall be
deemed to be an Imposition for which Indemnity Provider shall be responsible to indemnify and hold harmless such Indemnified Person. 

(e) As between the Indemnity Provider on one hand, and each Financing Party on the other hand, the Indemnity Provider
shall be responsible for, and the Indemnity Provider shall indemnify and hold harmless each Financing Party (without duplication of any indemnification required by subsection (a)) on an After Tax Basis against, any obligation for
United States or foreign withholding taxes or similar levies, imposts, charges, fees, deductions or withholdings 

 

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(collectively, “Withholdings”) imposed in respect of the interest payable on the Credit Loans or the Mortgage Loans or Lessor Yield payable on the Lessor Advance or with respect
to any other payments under the Operative Agreements (all such payments being referred to herein as “Exempt Payments” to be made without deduction, withholding or set off) (and, if any Financing Party receives a demand for such payment
from any taxing authority or a Withholding is otherwise required with respect to any Exempt Payment, the Indemnity Provider shall discharge such demand on behalf of such Financing Party); provided, however, that the obligation of the
Indemnity Provider under this Section 11.2(e) shall not apply to: 
 (i) Withholdings on any Exempt
Payment to any Financing Party which is a non-U.S. Person unless such Financing Party is, on the date hereof (or on the date it becomes a Financing Party hereunder) and on the date of any change in the principal place of business or the lending
office of such Financing Party, entitled to submit a Form W-8BEN or Form W-8ECI or successor applicable form, certifying in each case that such party is entitled under Section 1441 or 1442 of the Code or any other applicable
provision thereof or under any applicable tax treaty or convention to receive payments pursuant to the Operative Agreements without deduction or withholding of United States federal income tax and is a foreign Person thereby entitled to an
exemption from United States backup withholding taxes (except where the failure of the exemption results from a change in the principal place of business of the Lessee); provided, however, if a failure of the exemption is due to a
Change in Law after the date hereof or in the case of a Financing Party that acquires its interest after the date hereof, a Change in Law occurring after such date, then the Indemnity Provider shall be liable for any withholding resulting therefrom;
or 
 (ii) Any U.S. Taxes imposed solely by reason of the failure by a non-U.S. Person to comply with applicable
certification, information, documentation or other reporting requirements concerning the nationality, residence, identity or connections with the United States of America of such non-U.S. Person if such compliance is required by statute or
regulation of the United States of America as a precondition to relief or exemption from such U.S. Taxes if the Indemnity Provider has provided such certification, information, documentation or other reporting requirements to the Financing
Party on a timely basis and the Financing Party is eligible for such relief or exemption. 
 For the purposes of
this Section 11.2(e), (A) “U.S. Person” shall mean a citizen, national or resident of the United States of America, a corporation, partnership or other entity created or organized in or under any laws of the
United States of America or any State thereof, or any estate or trust that is subject to Federal income taxation regardless of the source of its income, (B) “U.S. Taxes” shall mean any present or future tax, assessment or other
charge or levy imposed by or on behalf of the United States of America or any taxing authority thereof or therein, (C) “Form W-8BEN” shall mean Form W-8BEN (Certificate of Foreign Status of Beneficial Owner for
United States Withholding) of the Department of the Treasury of the United States of America and (D) “Form W-8ECI” shall mean Form W-8ECI (Certificate of Foreign Person’s Claim for Exemption from Withholding
on Income Effectively Connected with the Conduct of a Trade or Business in the United States) of the Department of the Treasury of the United States of America (or in relation to either such Form such successor and related forms as may
from time to time be adopted by the relevant taxing authorities of the United States of America to document a claim to which such Form relates). Each of the Forms referred to in the foregoing clauses (C) and (D) shall include such
successor and related forms as may from time to time be adopted by the relevant taxing authorities of the United States of America to document a claim to which such Form relates. 

 

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 If a Financing Party or an Affiliate with whom such Financing Party files a
consolidated tax return (or equivalent) subsequently receives the benefit in any country of a tax credit or an allowance resulting from U.S. Taxes with respect to which it has received a payment of an additional amount under this
Section 11.2(e), such Financing Party will pay to the Indemnity Provider such part of that benefit as in the opinion of such Financing Party will leave it (after such payment) in a position no more and no less favorable than it would
have been in if no additional payment had been required to be paid, provided always that (i) such Financing Party will be the sole judge of the amount of any such benefit and of the date on which it is received, (ii) such Financing Party
will have the absolute discretion as to the order and manner in which it employs or claims tax credits and allowances available to it and (iii) such Financing Party will not be obliged to disclose to the Borrower any information regarding its
tax affairs or tax computations. A subsequent loss of such tax credit or allowance with respect to which a payment is made pursuant to this paragraph to an Indemnity Provider shall be treated as an Imposition that is indemnifiable under
Section 11.2(a) hereof without regard to the exclusions of Sections 11.2(b)(i), (ii), and (iii) hereof. 

Each non-U.S. Person that shall become a Financing Party after the date hereof shall, upon the effectiveness of the
related transfer or otherwise upon becoming a Financing Party hereunder, be required to provide all of the forms and statements referenced above or other evidences of exemption from Withholdings if the Indemnity Provider has provided such
certification, information, documentation or other reporting requirements to the Financing Party and the Financing Party is eligible for such relief or exemption. 

(f) If a written Claim is made against any Indemnified Person or if any proceeding shall be commenced against such
Indemnified Person (including without limitation a written notice of such proceeding), for any Impositions, the provisions in Section 11.1 relating to notification and rights to contest shall apply; provided, however, that
the Indemnity Provider shall have the right to conduct and control such contest only if such contest involves a Tax other than a Tax on net income of the Indemnified Person that can be pursued independently from any other proceeding involving a Tax
liability of such Indemnified Person and the Indemnity Provider agrees to pay to such Indemnified Person on demand the Impositions which are the subject of such claim to the extent the contest is unsuccessful. The controlling party shall provide the
non-controlling party with a copy of (or appropriate excerpts from) any reports or claims issued by the relevant auditing agents or taxing authority to the controlling party thereof, in connection with such claim or the contest thereof. 

11.3 Increased Costs, Illegality, etc. 

Subject to and limited by in all respects the provisions of this Section 11.3 and Sections 11.7 and 11.8:

 (a) (i) If any Change in Law shall: 

(A) impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits
with or for the account of, or credit extended by, any Financing Party (except any such reserve requirement reflected in the Eurodollar Rate plus the Applicable Percentage); or 

 

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 (B) impose on any Financing Party or the London interbank market any other
condition affecting this Agreement or any other Operative Agreement or any Financing made by such Financing Party; 
 and the
result of any of the foregoing shall be to increase the cost to such Financing Party of making or maintaining any Financing (or of maintaining its obligation to make its Credit Loan, make its Mortgage Loan or make its Lessor Advance ) or to reduce
the amount of any sum received or receivable by such Financing Party hereunder or pursuant to any other Operative Agreement (whether of principal, interest, Lessor Yield or otherwise), then the Lessee will pay or cause to be paid to such Financing
Party such additional amount or amounts as will compensate such Financing Party for such additional costs incurred or reduction suffered. 

(ii) If any Financing Party determines that any Change in Law regarding capital requirements has or would have the effect
of reducing the rate of return on such Financing Party’s capital or on the capital of such Financing Party’s holding company, if any, as a consequence of this Agreement or any other Operative Agreement or the Credit Loans made, the
Mortgage Loans made, or Lessor Advance made, by such Financing Party to a level below that which such Financing Party or such Financing Party’s holding company could have achieved but for such Change in Law (taking into consideration such
Financing Party’s policies and the policies of such Financing Party’s holding company with respect to capital adequacy), then from time to time the Lessee will pay or cause to be paid to such Financing Party such additional amount or
amounts as will compensate such Financing Party or such Financing Party’s holding company for any such reduction suffered. 

(iii) A certificate of a Financing Party setting forth in reasonable detail the amount or amounts necessary to compensate
such Financing Party or its holding company, as the case may be, as specified in paragraphs (a)(i) or (a)(ii) of this Section 11.3 shall be delivered to the Lessee and shall be conclusive absent manifest error. The Lessee shall pay or
cause to be paid to such Financing Party the amount shown as due on any such certificate within ten (10) days after receipt thereof. 

(iv) Failure or delay on the part of any Financing Party to demand compensation pursuant to this Section 11.3
shall not constitute a waiver of such Financing Party’s right to demand such compensation; provided, that the Lessee shall not be required to compensate or cause to be compensated a Financing Party pursuant to this
Section 11.3 for any increased costs or reductions incurred more than 270 days prior to the date that such Financing Party notifies the Lessee of the Change in Law giving rise to such increased costs or reductions and of such Financing
Party’s intention to claim compensation therefor; provided, further, that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 270-day period referred to above shall be extended to
include the period of retroactive effect thereof. 
 (b) If any Financing Party determines that compliance with
any Change in Law or regulation or any guideline or request from any central bank or other governmental authority (whether or not having the force of law, but in each case promulgated or made after the date hereof) affects or would affect the amount
of capital required or expected to be maintained by such Financing Party or any corporation controlling such Financing Party and that the amount of such capital is increased by or based upon the existence of such Financing Party’s commitment to
make its portion of the Advance and other commitments of this type or upon the Advance, then, 
  

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upon demand by such Financing Party (with a copy of such demand to the Agent), the Lessee shall pay to the Agent for the account of such Financing Party, from time to time as specified by such
Financing Party, additional amounts sufficient to compensate such Financing Party or such corporation in the light of such circumstances, to the extent that such Financing Party reasonably determines such increase in capital to be allocable to the
existence of such Financing Party’s commitment to make its portion of the Advance. A certificate as to such amounts submitted to the Lessee and the Agent by such Financing Party shall be conclusive and binding for all purposes, absent manifest
error. 
 (c) [Reserved]. 

(d) Without affecting its rights under Sections 11.3(a) or 11.3(b) or any other provision of any
Operative Agreement, each Financing Party agrees that if there is any increase in any cost to or reduction in any amount receivable by such Financing Party with respect to which the Lessee would be obligated to compensate such Financing Party
pursuant to Sections 11.3(a) or 11.3(b), such Financing Party shall use reasonable efforts to select an alternative office for its portion of the Advance which would not result in any such increase in any cost to or reduction in
any amount receivable by such Financing Party; provided, however, that no Financing Party shall be obligated to select an alternative office for Advances if such Financing Party determines that (i) as a result of such selection
such Financing Party would be in violation of any applicable law, regulation, treaty, or guideline, or would incur additional costs or expenses or (ii) such selection would be inadvisable for regulatory reasons or materially inconsistent with
the interests of such Financing Party. 
 (e) With reference to the obligations of the Lessee set forth in
Sections 11.3(a) through 11.3(d), the Lessee shall not have any obligation to pay to any Financing Party amounts owing under such Sections for any period which is more than one (1) year prior to the date upon which the
request for payment therefor is delivered to the Lessee. 
 (f) Notwithstanding any other provision of this
Agreement, if (1) any Financing Party shall notify the Agent that the introduction of or any change in or in the interpretation of any law or regulation makes it unlawful, or any central bank or other governmental authority asserts that it is
unlawful, for any Financing Party to perform its obligations hereunder to purchase, make or maintain any Eurodollar Financing or (2) the Majority Secured Parties have determined and have advised the Agent that the Eurodollar Rate will not
adequately and fairly reflect the cost to such parties of making or maintaining Loans or Lessor Advances, as the case may be, at such a rate, then (i) each Eurodollar Financing will automatically, at the earlier of the end of the then current
Interest Period for such Eurodollar Financing or the date required by law, convert into an ABR Financing and (ii) the obligation of the Financing Parties to purchase, make, convert or continue any Eurodollar Financing shall be suspended until
the Agent shall notify the Lessee that such Financing Party has determined (in the case of the foregoing subsection (1)) or the Majority Secured Parties have determined (in the case of the foregoing subsection (2)) that the circumstances
causing such suspension no longer exist. 
 11.4 Funding/Contribution Indemnity. 

Subject to and limited by in all respects the provisions of this Section 11.4 and Sections 11.7 and 11.8,
the Lessee agrees to indemnify each Financing Party and to hold each Financing Party harmless from any loss or reasonable expense which such Financing Party may sustain or incur as a consequence of (a) any default in connection with the drawing of
funds for any Advance, (b) the fact that any anticipated prepayment, conversion or continuation of a Eurodollar Financing does not occur as indicated by notices 

 

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given in accordance with the provisions of the Operative Agreements or (c) the making of a voluntary or involuntary prepayment of Eurodollar Financings on a day which is not the last day of
an Interest Period with respect thereto. Such indemnification shall extend to and include an amount equal to the excess, if any, of (x) the amount of interest or Lessor Yield, as the case may be, which would have accrued on the amount so
prepaid, or not so borrowed, accepted, converted or continued for the period from the date of such prepayment or of such failure to borrow, accept, convert or continue to the last day of such Interest Period (or, in the case of a failure to borrow,
accept, convert or continue, the Interest Period that would have commenced on the date of such failure) in each case at the applicable Eurodollar Rate plus the Applicable Percentage for such Eurodollar Financing for such Interest Period over
(y) the amount of interest (as determined by such Financing Party in its reasonable discretion) which would have accrued to such Financing Party on such amount by reemploying such funds in loans of the same type and amount during the period
from the date of prepayment or failure to borrow to the last day of the then applicable Interest Period (or, in the case of a failure to borrow, the Interest Period that would have commenced on the date of such failure). This covenant shall survive
the termination of the Operative Agreements and the payment of all other amounts payable hereunder. 
 11.5 EXPRESS
INDEMNIFICATION FOR ORDINARY NEGLIGENCE, STRICT LIABILITY, ETC. 
 WITHOUT LIMITING THE GENERALITY OF THE
INDEMNIFICATION PROVISIONS OF ANY AND ALL OF THE OPERATIVE AGREEMENTS AND TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH PERSON PROVIDING INDEMNIFICATION OF ANOTHER PERSON UNDER ANY OPERATIVE AGREEMENT HEREBY FURTHER EXPRESSLY RELEASES EACH
BENEFICIARY OF ANY SUCH INDEMNIFICATION FROM ALL CLAIMS FOR LOSS OR DAMAGE, DESCRIBED IN ANY OPERATIVE AGREEMENT, CAUSED BY ANY ACT OR OMISSION ON THE PART OF ANY SUCH BENEFICIARY ATTRIBUTABLE TO THE ORDINARY NEGLIGENCE (WHETHER SOLE OR
CONTRIBUTORY) OR STRICT LIABILITY OF ANY SUCH BENEFICIARY, AND INDEMNIFIES, EXONERATES AND HOLDS EACH SUCH BENEFICIARY FREE AND HARMLESS FROM AND AGAINST ANY AND ALL ACTIONS, CAUSES OF ACTION, SUITS, CLAIMS, LOSSES, COSTS, LIABILITIES, DAMAGES AND
EXPENSES (INCLUDING WITHOUT LIMITATION REASONABLE ATTORNEY’S FEES AND EXPENSES), DESCRIBED ABOVE, INCURRED BY ANY SUCH BENEFICIARY (IRRESPECTIVE OF WHETHER ANY SUCH BENEFICIARY IS A PARTY TO THE ACTION FOR WHICH INDEMNIFICATION UNDER THIS
AGREEMENT OR ANY OTHER OPERATIVE AGREEMENT IS SOUGHT) ATTRIBUTABLE TO THE ORDINARY NEGLIGENCE (WHETHER SOLE OR CONTRIBUTORY) OR STRICT LIABILITY OF ANY SUCH BENEFICIARY. 

11.6 Additional Provisions regarding Environmental Indemnification. 

Subject to and limited by in all respects the provisions of this Section 11.6 and Sections 11.7 and 11.8,
each and every Indemnified Person shall at all times have the rights and benefits, and the Indemnity Provider shall have the obligations, in each case provided pursuant to the Operative Agreements with respect to Environmental Matters (including
without limitation the rights and benefits provided pursuant to Section 11.1(c)). 
  

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 11.7 Cooperation with the Indemnity Provider. 

Each Indemnified Person agrees to cooperate in a reasonable manner (but at the expense of the Indemnity Provider) with the Indemnity
Provider in responding to any Claim covered by the indemnities referenced in the Operative Agreements. 
 11.8 Time Period
in which Claims may arise and be Covered by Indemnification. 
 The basis for any Claim which is subject to
indemnification coverage by the Indemnity Provider pursuant to Sections 11.1 through 11.6 must occur or arise on or before the date on which all of the Notes and the Lessor Advance and all other amounts owing to any Financing
Party by the Lessee are paid in full, notwithstanding that any Claim may not be filed or otherwise initiated until a date which is later than any date referenced in this Section 11.8. 

SECTION 12 

MISCELLANEOUS 

12.1 Survival of Agreements. 

The representations, warranties, covenants, indemnities and agreements of the parties provided for in the Operative Agreements, and the
parties’ obligations under any and all thereof, shall survive the execution and delivery of this Agreement, the transfer of the Property to the Lessor, the acquisition of the Property (or any of its components), any disposition of any interest
of the Lessor in the Property, the payment of the Credit Loans, the Mortgage Loans and the Lessor Advance and any disposition thereof and shall be and continue in effect notwithstanding any investigation made by any party and the fact that any party
may waive compliance with any of the other terms, provisions or conditions of any of the Operative Agreements. Except as otherwise expressly set forth herein or in other Operative Agreements, the indemnities of the parties provided for in the
Operative Agreements shall survive the expiration or termination of any thereof. 
  

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 12.2 Notices. 

All notices required or permitted to be given under any Operative Agreement shall be in writing. Notices may be served by certified or
registered mail, postage paid with return receipt requested; by private courier, prepaid; by telex, facsimile, or other telecommunication device capable of transmitting or creating a written record; or personally. Mailed notices and couriered
notices shall be deemed delivered when delivered as addressed, or if the addressee refuses delivery, when presented for delivery notwithstanding such refusal. Telex or telecommunicated notices shall be deemed delivered when receipt is either
confirmed by confirming transmission equipment or acknowledged by the addressee or its office. Personal delivery shall be effective when accomplished. Unless a party changes its address by giving notice to the other party as provided herein, notices
shall be delivered to the parties at the following addresses: 
 If to the Lessee, to such entity at the following address:

 Convergys Corporation 

Atrium One 

201 East Fourth Street 

P.O. Box 1638 

Cincinnati, Ohio 45202 

Attention: David R. Wiedwald, Treasurer 

Telephone: (513) 723-7830 

Fax: (513) 723-6556 

Email: david.r.wiedwald@convergys.com 

with a copy to: 

Frost Brown Todd 

Attention: Frederick W. Kindel 

201 E. Fifth Street 

Suite 2200 

Cincinnati, Ohio 45202 

Telephone: (513) 651-6965 

Fax: (513) 651-6981 

Email: fkindel@fbtlaw.com 

If to any Guarantor, to such entity in care of Convergys Corporation at the following address: 

Convergys Corporation 

Atrium One 

201 East Fourth Street 

P.O. Box 1638 

Cincinnati, Ohio 45202 

Attention: David R. Wiedwald, Treasurer 

Telephone: (513) 723-7830 

Fax: (513) 723-6556 

Email: david.r.wiedwald@convergys.com 

with a copy to: 

Frost Brown Todd 

Attention: Frederick W. Kindel 

201 E. Fifth Street 

Suite 2200 

Cincinnati, Ohio 45202 

Telephone: (513) 651-6965 

Fax: (513) 651-6981 

Email: fkindel@fbtlaw.com 
  

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 If to the Borrower or the Lessor, to such entity at the following address: 

Wachovia Development Corporation 

c/o Wells Fargo Securities, LLC 

MAC D1053-082 

301 South College Street, 8th Floor 

Charlotte, North Carolina 28288 

Attention: Jack Altmeyer 

Telephone: (704) 715-8122 

Fax: (704) 383-3556 

with a copy to: 

Wells Fargo Bank, National Association 

230 West Monroe Street, Suite 2900 

Chicago, Illinois 60606 

Attention: Steve Buehler 

Telephone: (312) 845-4220 

Fax: (312) 553-4783 

If to the Agent, to it at the following address: 

Wells Fargo Bank, National Association 

c/o Wells Fargo Securities, LLC 

MAC D1053-082 

301 South College Street, 8th Floor 

Charlotte, North Carolina 28288 

Attention: Jack Altmeyer 

Telephone: (704) 715-8122 

Fax: (704) 383-3556 

with a copy to: 

Wells Fargo Bank, National Association 

230 West Monroe Street, Suite 2900 

Chicago, Illinois 60606 

Attention: Steve Buehler 

Telephone: (312) 845-4220 

Fax: (312) 553-4783 

If to any Credit Lender, to it at the address set forth for such Credit Lender in Schedule 2.1 to the Credit Note Loan
Agreement. 
 If to any Mortgage Lender, to it at the address set forth for such Mortgage Lender in Schedule 2.1 to the
Mortgage Note Loan Agreement. 
 From time to time any party may designate additional parties and/or another address for notice
purposes by notice to each of the other parties hereto. Each notice hereunder shall be effective upon receipt or refusal thereof. 
  

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 12.3 Counterparts. 

This Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an
original, but all such counterparts shall together constitute but one (1) and the same instrument. 
 12.4
Terminations, Amendments, Waivers, Etc.; Unanimous Vote Matters. 
 Each of the parties hereto agrees that:

 (a) except as expressly provided in subsections (b) and (c) below and except for the Unanimous Vote
Matters, each Operative Agreement may only be terminated, amended, modified, extended supplemented, restated, replaced or waived upon the approval in writing by the Borrower (to the extent the Borrower is a party to such Operative Agreement in its
capacity as “borrower” and to the extent such termination, amendment, waiver or modification increases the Obligations or has a material adverse effect on the Borrower), the Agent (to the extent the Agent’s rights or obligations are
affected by such termination, amendment or modification), the Majority Secured Parties and the Lessee (to the extent the Lessee is a party to such Operative Agreement); provided, each termination, amendment, modification, extension,
supplement, restatement, replacement or waiver regarding any Operative Agreement, which adversely affects the rights of the Lessee shall also require the written consent of the Lessee (not to be unreasonably withheld or delayed) unless a Lease
Default or Lease Event of Default shall have occurred and be continuing, provided, further, that each termination, amendment, modification, extension, supplement, restatement, replacement or waiver regarding any Operative Agreement
shall also require the written consent of each Financing Party affected thereby (the “Unanimous Vote Matters”), so as to 

(i) extend the scheduled date of maturity of any Note; 

(ii) extend the scheduled Expiration Date or extend any payment date of any Credit Loan, Mortgage Loan or Lessor Advance;

 (iii) change the stated rate of interest payable on any Credit Loan or Mortgage Loan or reduce the stated
Lessor Yield payable on the Lessor Advance (other than as a result of waiving the applicability of any post-default increase in interest rates or Lessor Yield); 

(iv) modify the priority of any Lien in favor of the Agent under any Security Document; 

(v) subordinate any obligation owed to such Credit Lender, such Mortgage Lender or the Lessor; 

(vi) terminate, amend, supplement, waive, discharge or modify any provision of this Section 12.4 or change the
percentages specified in the definitions of Majority Credit Lenders, Majority Mortgage Lenders or Majority Secured Parties; 

(vii) release a material portion of the Collateral (except in accordance with Section 8.8); 

 

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 (viii) release the Borrower or the Lessee or any Guarantor from its
obligations under any Operative Agreement or otherwise alter any payment obligations (including, without limitation, any principal prepayment provisions) of the Borrower or the Lessee or any Guarantor to the Lessor or any Financing Party under the
Operative Agreements; 
 (ix) terminate, amend, supplement, waive, discharge or modify any provision of
Sections 8.6 or 8.7 of this Agreement; 
 (x) impose any additional affirmative obligation or
requirement on the applicable Financing Party, make any existing obligations of the applicable Financing Party materially more onerous, or further obligate, prohibit or restrict the applicable Financing Party or its right, title or interest under
the Operative Agreements in any material manner; or 
 (xi) modify or amend any definition so as to affect the
matters described in the foregoing (i)-(x). 
 (b) No Mortgage Instrument (nor any UCC Financing Statement
related thereto) may be terminated, amended, modified, extended (other than by UCC Financing Statement continuations or extensions), supplemented, restated, replaced or waived without the approval in writing by the Borrower, the Majority Mortgage
Lenders, and (to the extent relating to the Lessee as opposed to relating to the Borrower) the Lessee. 
 (c)
each termination, amendment, modification, extension, supplement, restatement, replacement or waiver regarding any Operative Agreement affecting Sections 4.1, 8.2, 8.3, 9.1, 10.1, 10.2, 11.1,
12.1, 13.1, 13.2, 14.1, 14.2, 14.3, 15.1, 15.2, 15.3, 16.1, 16.2, 18.1, 19.1, 19.2, 20.2, 20.3 (excluding all provisions related to
payments in Sections 20.2 or 20.3), 22.1, 22.4, 22.5, 23.1 or 24.1 of the Lease or affecting in any way the Collateral, including the Property, requires the consent of the Majority Mortgage
Lenders. 
 (d) Notwithstanding any acquisition by the Lessee or any Affiliate of the Lessee of any interest in
any Financing, no such party (hereinafter a “Related Financing Party”) shall have any voting rights pursuant to the Operative Agreements as a Primary Financing Party. Without limiting the generality of the foregoing, with respect to
calculating the voting percentage, any Financing held by a Related Financing Party shall be treated as if the balance on such Financing was zero and the Commitment with respect to such Financing was zero. 

Upon the occurrence and during the continuation of any Lease Default or Lease Event of Default, the rights of each Related
Financing Party to any and all amounts otherwise payable to such Related Financing Party pursuant to the Operative Agreements shall be subordinated and deferred (and the rights of each Related Financing Party to such amounts shall be voided without
further action for the duration of any such Lease Default or Lease Event of Default) until such time as all amounts payable to all other parties to any of the Operative Agreements have been paid in full. 

NOTHING IN THIS SECTION 12.4(d) SHALL BE DEEMED TO CONSTITUTE A RIGHT OF, OR A GRANT OF ANY RIGHT TO, THE LESSEE OR ANY AFFILIATE OF THE
LESSEE TO ACQUIRE ANY PORTION OF THE FINANCING OR TO CAUSE ANY PRIMARY FINANCING PARTY TO SELL OR ASSIGN ANY PART OF THE FINANCING TO THE LESSEE OR ANY AFFILIATE OF THE LESSEE. 

 

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 Any such termination, amendment, supplement, waiver, discharge or modification approved,
executed, adopted or consented to in conformity with this Section 12.4 shall apply equally to each of the Credit Lenders, the Mortgage Lenders and the Lessor and shall be binding upon all the parties to this Agreement. In the case of any
waiver, each party to this Agreement shall be restored to its former position and rights under the Operative Agreements, and any Default or Event of Default waived shall be deemed to be cured and not continuing; but no such waiver shall extend to
any subsequent or other Default or Event of Default, or impair any right consequent thereon. 
 12.5 Headings,
etc. 
 The Table of Contents and headings of the various Articles and Sections of this Agreement are for convenience of
reference only and shall not modify, define, expand or limit any of the terms or provisions hereof. 
 12.6 Parties in
Interest. 
 Except as expressly provided herein, none of the provisions of this Agreement are intended for the benefit
of any Person except the parties hereto. 
 12.7 GOVERNING LAW; SUBMISSION TO JURISDICTION; WAIVER OF JURY TRIAL;
VENUE. 
 (a) THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY
AND CONSTRUED, INTERPRETED AND ENFORCED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO THE PRINCIPLES THEREOF RELATING TO CONFLICTS OF LAW), EXCEPT TO THE EXTENT THE LAWS OF THE STATE WHERE THE PROPERTY IS
LOCATED ARE REQUIRED TO APPLY. Any legal action or proceeding with respect to this Agreement or any other Operative Agreement may be brought in the courts of the State of New York or of the United States for the Southern District of New York, and,
by execution and delivery of this Agreement, each of the parties to this Agreement hereby irrevocably accepts for itself and in respect of its property, generally and unconditionally, the nonexclusive jurisdiction of such courts. Each of the parties
to this Agreement further irrevocably consents to the service of process out of any of the aforementioned courts in any such action or proceeding by the mailing of copies thereof by registered or certified mail, postage prepaid, to it at the address
set out for notices pursuant to Section 12.2, such service to become effective upon receipt or rejection. Nothing herein shall affect the right of any party to serve process in any other manner permitted by Law or to commence legal
proceedings or to otherwise proceed against any party in any other jurisdiction. 
 (b) EACH OF THE PARTIES
HERETO IRREVOCABLY AND UNCONDITIONALLY, TO THE FULLEST EXTENT ALLOWED BY APPLICABLE LAW, WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT, ANY OTHER OPERATIVE AGREEMENT AND FOR ANY COUNTERCLAIM THEREIN. 

(c) Each of the parties to this Agreement hereby irrevocably waives any objection which it may now or hereafter have to
the laying of venue of any of the aforesaid actions or proceedings arising out of or in connection with this Agreement or any other Operative Agreement brought in the courts referred to in subsection (a) above and hereby further irrevocably
waives and agrees not to plead or claim in any such court that any such action or proceeding brought in any such court has been brought in an inconvenient forum. 

 

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 Subject to the other applicable provisions of the Operative Agreements, the
parties shall have the right to proceed in any court of proper jurisdiction or by self-help to exercise or prosecute the following remedies, as applicable: (i) all rights to foreclose against any real or personal property or other security by
exercising a power of sale or under applicable law by judicial foreclosure including a proceeding to confirm the sale; (ii) all rights of self-help including peaceful occupation of real property and collection of rents, set-off and peaceful
possession of personal property; and (iii) obtaining provisional or ancillary remedies including injunctive relief, sequestration, garnishment, attachment, appointment of receiver and filing an involuntary bankruptcy proceedings. Any claim or
controversy with regard to any party’s entitlement to such remedies is a Dispute. 
 (d) The parties to this
Agreement and/or any other Operative Agreement agree that they shall not have a remedy of special, punitive or exemplary damages against any other party in any Dispute and hereby waive any right or claim to special, punitive or exemplary damages
they have now or which may arise in the future in connection with any Dispute. 
 12.8. 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. 
 12.9. Liability Limited. 

Anything to the contrary contained in this Agreement, the Credit Note Loan Agreement, Mortgage Note Loan Agreement, the Notes or in any
other Operative Agreement notwithstanding, no Exculpated Person shall be personally liable in any respect for any liability or obligation arising hereunder or in any other Operative Agreement including without limitation the payment of the principal
of, or interest on, the Notes, or for monetary damages for the breach of performance of any of the covenants contained in the Credit Note Loan Agreement, Mortgage Note Loan Agreement, the Notes, this Agreement or any of the other Operative
Agreements. The Financing Parties agree that, in the event any remedies under any Operative Agreement are pursued, neither the Primary Financing Parties nor the Agent shall have any recourse against any Exculpated Person, for any deficiency, loss or
Claim for monetary damages or otherwise resulting therefrom and recourse shall be had solely and exclusively against the Borrower’s Interest (excluding Excepted Payments) and the Credit Parties (with respect to the Credit Parties’
obligations under the Operative Agreements); but nothing contained herein shall be taken to prevent recourse against or the enforcement of remedies against the Borrower’s Interest (excluding Excepted Payments) in respect of any and all
liabilities, obligations and undertakings contained herein and/or in any other Operative Agreement. Notwithstanding the provisions of this Section, nothing in any Operative Agreement shall: (i) constitute a waiver, release or discharge of any
indebtedness or obligation evidenced by the Notes arising under any Operative Agreement or secured by any Operative Agreement, but the same shall continue until paid or discharged; (ii) relieve any Exculpated Person from liability and responsibility
for (but only to the extent of the damages arising by reason of): active waste knowingly committed by any Exculpated Person with respect to the Property, any fraud, gross negligence or willful misconduct on the part of any Exculpated Person; (iii)
relieve any Exculpated Person from liability and responsibility for (but only to the extent of the moneys misappropriated, misapplied or not turned over) (A) except for Excepted Payments due to Lessor or any affiliated Exculpated Person, Indemnified
Person, 
  

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Affiliate, agent, officer, director or employee, misappropriation or misapplication by the Lessor (i.e., application in a manner contrary to any of the Operative Agreements) of any insurance
proceeds or condemnation award paid or delivered to the Lessor by any Person other than the Agent, (B) except for Excepted Payments due to Lessor or any affiliated Exculpated Person, Indemnified Person, Affiliate, agent, officer, director or
employee, any deposits or any escrows or amounts held by the Lessor or (C) except for Excepted Payments due to Lessor or any affiliated Exculpated Person, Indemnified Person, Affiliate, agent, officer, director or employee, any rent or other
income or funds received by the Lessor from the Lessee that are not turned over to the Agent; (iv) affect or in any way limit the Agent’s rights and remedies under any Operative Agreement with respect to the Rents and rights and powers of
the Agent under the Operative Agreements or to obtain a judgment against the Lessee’s interest in the Property or the Agent’s rights and powers to obtain a judgment against the Lessor or the Lessee; or (v) relieve any Exculpated
Person from liability and responsibility (A) with respect to such Person’s obligations concerning Lessor Liens pursuant to Section 8.2(a) and the last sentence of Section 8.9(a) hereof or (B) to the extent such
liability or responsibility is attributable to any representation or warranty of any Exculpated Person contained in Section 6.1 hereof that was false or inaccurate in any material way when made (provided, that no deficiency
judgment or other money judgment shall be enforced against any Exculpated Person except to the extent of the Borrower’s Interest (excluding Excepted Payments) or to the extent the Lessor may be liable as otherwise contemplated in clauses (ii),
(iii) or (v) of this Section 12.9(b)). 
 12.10. Rights of the Credit Parties. 

If at any time all obligations (i) of the Borrower under the Credit Note Loan Agreement, the Mortgage Note Loan Agreement, the
Security Documents and the other Operative Agreements and (ii) of the Credit Parties under the Operative Agreements have in each case been satisfied or discharged in full, then the Credit Parties shall be entitled to (a) terminate the
Lease and guaranty obligations under Section 6B and (b) receive all amounts then held under the Operative Agreements and all proceeds with respect to the Property. Upon the termination of the Lease and Section 6B
pursuant to the foregoing clause (a), the Lessor shall transfer to the Lessee all of its right, title and interest free and clear of the Lien of the Lease, the Lien of the Security Documents and all Lessor Liens in and to the Property and any
amounts or proceeds referred to in the foregoing clause (b) shall be paid over to the Lessee. 
 12.11. Further
Assurances. 
 The parties hereto shall promptly cause to be taken, executed, acknowledged or delivered, at the sole
expense of the Lessee, all such further acts, conveyances, documents and assurances as the other parties may from time to time reasonably request in order to carry out and effectuate the intent and purposes of this Agreement, the other Operative
Agreements and the transactions contemplated hereby and thereby (including without limitation the preparation, execution and filing of any and all Uniform Commercial Code financing statements, filings of Mortgage Instruments and other filings or
registrations which the parties hereto may from time to time request to be filed or effected). The Lessee, at its own expense and without need of any prior request from any other party, shall take such action as may be necessary (including without
limitation any action specified in the preceding sentence), or (if the Lessor or the Agent shall so request) as so requested, in order to maintain and protect all security interests provided for hereunder or under any other Operative Agreement. In
addition, in connection with the sale or other disposition of the Property or any portion thereof, the Lessee and Lessor agree to execute such instruments of conveyance as may be reasonably required in connection therewith. 

 

 67 

 12.12. Calculations under Operative Agreements; Consents. 

(a) The parties hereto agree that all calculations and numerical determinations to be made under the Operative Agreements
by the Lessor shall be made by the Agent and that such calculations and determinations shall be conclusive and binding on the parties hereto in the absence of manifest error; provided, however, the Agent shall furnish (with any
out-of-pocket cost or expense incurred by the Agent to be paid by the Lessee) the Lessee, at any Credit Party’s request, with reasonable documentation and information which substantiates all such calculations and numerical determinations in
order to satisfy that the same are correct. 
 (b) The parties hereby agree that a Financing Party shall be
deemed to have acted reasonably and shall have exercised reasonable discretion in the event and to the extent such Financing Party has withheld its consent to or refused to approve any requested action, amendment, supplement, modification, approval
or similar matter based on a reasonable belief that the requested action, amendment, supplement, modification, approval or similar matter will adversely affect the rating from any Rating Agency of such Financing Party’s Notes or Lessor Advance.

 12.13. Confidentiality. 

(a) Each Financing Party agrees to keep confidential any information furnished or made available to it by any Credit Party
or any of its Subsidiaries pursuant to this Agreement that is marked confidential; provided that nothing herein shall prevent any Financing Party from disclosing such information (a) to any other Financing Party or any Affiliate of any
Financing Party, or any officer, director, employee, agent, or advisor of any Financing Party or Affiliate of any Financing Party, (b) to any other Person if reasonably incidental to the administration of the credit facility provided herein,
(c) as required by any law, rule, or regulation, (d) upon the order of any court or administrative agency, (e) upon the request or demand of any regulatory agency or authority having jurisdiction over any such Person (including, but
not limited to, the National Association of Insurance Commissioners), (f) that is or becomes available to the public or that is or becomes available to any Financing Party other than as a result of a disclosure by any Financing Party prohibited
by this Agreement, (g) in connection with any litigation to which such Financing Party or any of its Affiliates may be a party, (h) to the extent necessary in connection with the exercise of any remedy under this Agreement or any other
Operative Agreement, (i) subject to provisions substantially similar to those contained in this Section, to any actual or proposed participant or assignee, and (j) to any Rating Agency. Notwithstanding anything herein to the contrary,
“information” shall not include, and the Financing Parties may disclose without limitation of any kind, any information with respect to the “tax treatment” and “tax structure” (in each case, within the meaning of
Treasury Regulation Section 1.6011-4) of the transactions contemplated hereby and by the other Operative Agreements and all materials of any kind (including opinions or other tax analyses) that are provided to such Financing Party relating to
such tax treatment and tax structure; provided that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this
sentence shall only apply to such portions of the document or similar item that relate to the tax treatment or tax structure of the transactions contemplated hereby and by the other Operative Agreements. 

(b) Neither the Borrower nor the Lessee will publish or give to any creditor or prospective creditor of the Borrower or
the Lessee any copy, statement or summary (or acquiesce in the publication or giving of any such copy, statement or summary) as to the subordination of the rights of the Credit Lenders under the Intercreditor Agreement or otherwise without also

  

 68 

 
stating or causing to be stated (in a conspicuous manner in the case of any document) that such subordination is solely for the benefit of the purchasers of Mortgage Obligations, and is not for
the benefit of any other creditor of the Borrower or the Lessee. 
 12.14. Financial Reporting/Tax
Characterization. 
 Lessee agrees to obtain advice from its own accountants and tax counsel regarding the financial
reporting treatment and the tax characterization of the transactions described in the Operative Agreements. Lessee further agrees that Lessee shall not rely upon any statement of any Financing Party or any of their respective Affiliates and/or
Subsidiaries regarding any such financial reporting treatment and/or tax characterization. 
 12.15. Set-off. 

 In addition to any rights now or hereafter granted under applicable Law and not by way of limitation of any such rights, upon
and after the occurrence of any Event of Default and during the continuance thereof, the Credit Lenders, the Mortgage Lenders, the Lessor, their respective Affiliates and any assignee or participant of a Credit Lender, a Mortgage Lender or the
Lessor in accordance with the applicable provisions of the Operative Agreements are hereby authorized by the Credit Parties at any time or from time to time, without notice to the Credit Parties or to any other Person, any such notice being hereby
expressly waived, to set-off and to appropriate and to apply any and all deposits (general or special, time or demand, including without limitation indebtedness evidenced by certificates of deposit, whether matured or unmatured) and any other
indebtedness at any time held or owing by the Credit Lenders, the Mortgage Lenders, the Lessor, their respective Affiliates or any assignee or participant of a Credit Lender, a Mortgage Lender or the Lessor in accordance with the applicable
provisions of the Operative Agreements to or for the credit or the account of any Credit Party against and on account of the obligations of any Credit Party under the Operative Agreements irrespective of whether or not (a) the Credit Lenders,
the Mortgage Lenders, or the Lessor shall have made any demand under any Operative Agreement or (b) the Agent shall have declared any or all of the obligations of any Credit Party under the Operative Agreements to be due and payable and
although such obligations shall be contingent or unmatured. Notwithstanding the foregoing, neither the Agent nor any other Financing Party shall exercise, or attempt to exercise, any right of setoff, banker’s lien, or the like, against any
deposit account or property of any Credit Party held by the Agent or any other Financing Party, without the prior written consent of the Agent (acting upon the direction of the Secured Parties in accordance with the Intercreditor Agreement), and any
Financing Party violating this provision shall indemnify the Agent and the other Financing Parties from any and all costs, expenses, liabilities and damages resulting therefrom. The contractual restriction on the exercise of setoff rights provided
in the foregoing sentence is solely for the benefit of the Agent and the Financing Parties and may not be enforced by the Lessee. 

[signature pages follow] 
  

 69 

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

 

			
	CONVERGYS CORPORATION, as the Lessee
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 (signature pages continue) 

Amended and Restated Participation Agreement 

Convergys Corporation 

 GUARANTORS: 

 

			
	 CONVERGYS CUSTOMER MANAGEMENT

GROUP Inc., as a Guarantor

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	 CONVERGYS INFORMATION MANAGEMENT

GROUP INC., as a Guarantor

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	CONVERGYS CMG UTAH, INC., as a Guarantor
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	ENCORE RECEIVABLE MANAGEMENT, INC., as a Guarantor
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 (signature pages continue) 

Amended and Restated Participation Agreement 

Convergys Corporation 

			
	INTERVOICE, INC., as a Guarantor
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	CONVERGYS GOVERNMENT SOLUTIONS LLC, as a Guarantor
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 (signature pages continue) 

Amended and Restated Participation Agreement 

Convergys Corporation 

 BORROWER AND LESSOR: 

 

			
	WACHOVIA DEVELOPMENT CORPORATION, as the Borrower and as the Lessor
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 (signature pages continue) 

Amended and Restated Participation Agreement 

Convergys Corporation 

 THE AGENT: 

 

			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as the Agent

		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 (signature pages continue) 

Amended and Restated Participation Agreement 

Convergys Corporation 

 LENDERS: 

 

			
	THE BANK OF NOVA SCOTIA, as a Credit Lender
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 (signature pages continue) 

Amended and Restated Participation Agreement 

Convergys Corporation 

			
	BNP PARIBAS LEASING CORPORATION, as a Credit Lender and as a Mortgage Lender
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 (signature pages continue) 

Amended and Restated Participation Agreement 

Convergys Corporation 

			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as a Mortgage Lender

		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 (signature pages end) 

Amended and Restated Participation Agreement 

Convergys Corporation 

 SCHEDULE 6.2(a) 

Corporate Existence Exceptions for Lessee and Subsidiaries 

None. 

 SCHEDULE 6.2(f) 

Disclosed Matters 

None. 

 SCHEDULE 6.2(m) 

Material Subsidiaries 

Convergys Information Management Group Inc., an Ohio corporation 

Convergys Customer Management Group Inc., an Ohio corporation 

Convergys CMG Utah, Inc., a Utah corporation 

Encore Receivable Management, Inc., a Kansas corporation 

Intervoice, Inc., a Texas corporation 

Convergys Government Solutions LLC, an Ohio limited liability company 

 SCHEDULE 8.3B.1 

Existing Indebtedness 
  

	 	1.	$400,000,000 Revolving Credit Facility dated October 20, 2006 maturing October 20, 2011 

 

	 	2.	$125,000,000 Junior Subordinated Convertible Debentures maturing September 12, 2029 

 

	 	3.	$125,000,000 Accounts Receivable Securization dated June 30, 2009 

- $75,000,000 with Wells Fargo Bank maturing June 30, 2012 

- $50,000,000 with Scotia Bank maturing June 30, 2010 

 

	 	4.	6,000,000 State of Ohio Chapter 166 Loan dated October 27, 2004 maturing December 1, 2014 

 

	 	5.	$1,365,512 Capital Lease for Avaya Telecom equipment dated May 29, 2009 maturing May 28, 2012 

 

	 	6.	$1,503,309 Capital Lease for HP Software dated January 1, 2010 maturing December 31, 2012 

 

	 	7.	1,006,250 Capital Lease for IBM Software dated July 1, 2009 maturing December 31, 2011 

 

	 	8.	$44,346,240 Letters of credit supporting international performance bonds, rent guarantees, insurance bonds, advance payment guarantees, and security deposits

 SCHEDULE 8.3B.6 

Restrictive Agreements 

None. 

 EXHIBIT A 

REQUISITION FORM 

(Pursuant to Sections 4.2, 5.2 and 5.3 of the Participation Agreement) 

CONVERGYS CORPORATION, an Ohio corporation (the “Company”), hereby certifies as true and correct and delivers the
following Requisition to WELLS FARGO BANK, NATIONAL ASSOCIATION, as the agent for the Primary Financing Parties (such term as hereinafter defined) and respecting the Security Documents, as the agent for the Secured Parties (the
“Agent”): 
 Reference is made herein to that certain Amended and Restated Participation Agreement dated as of
June 30, 2010 (as amended, modified, extended, supplemented, restated and/or replaced from time to time, the “Participation Agreement”) among the Company, as the lessee (the “Lessee”), the parties thereto from
time to time as guarantors, (the “Guarantors”), Wachovia Development Corporation, as the lessor and as the borrower (the “Lessor”), the various banks and other lending institutions which are parties thereto from
time to time, as credit lenders (the “Credit Lenders”), the various banks and other lending institutions which are parties thereto from time to time, as mortgage lenders (the “Mortgage Lenders”), and the Agent.
Capitalized terms used herein but not otherwise defined herein shall have the meanings set forth therefor in the Participation Agreement. 

CLOSING DATE: 

(three (3) Business Days prior notice required for Advance) 

 

	 	1.	Amounts contemplated to be paid by the Lessor and the Lenders pursuant to Section 1 of the Participation Agreement as of the Closing Date:

 See attached Schedule 1A 

 

	 	2.	Description of Land (which shall be a legal description of the Land): 

See attached Schedule 1 
  

	 	3.	Description of Improvements: 

See attached Schedule 2 

In connection with this Requisition, the Company hereby requests that the Credit Lenders make payments in respect of the Credit Loans
pursuant to the Credit Notes in the amount of $                    , that the Mortgage Lenders make payments in respect of the Mortgage Loans
pursuant to the Mortgage Notes in the amount of $                    , and that the Lessor make payments in respect of the Lessor Advance in
the amount of $                    . The Company hereby certifies (i) that the foregoing amounts requested do not exceed the total
aggregate of the Credit Note Commitments, the Mortgage Note Commitments plus the Lessor Commitments and (ii) each of the provisions of the Participation Agreement and the other Operative Agreements applicable to the Credit Notes, the
Mortgage Notes and the Lessor Advance requested hereunder have been complied with as of the date of this Requisition. 
  

 Exhibit A - 1 

 The Company requests the Credit Loans be allocated as follows: 

 

			
	 $                    _

	 	ABR Loans
		
	 $                    

	 	Eurodollar Loans

 The Company requests the
Mortgage Loans be allocated as follows: 
  

			
	 $                    

	 	ABR Loans
		
	$                    	 	Eurodollar Loans

 The Company requests the
Lessor Advances be allocated as follows: 
  

			
	 $                    

	 	ABR Lessor Advances
		
	 $                    

	 	Eurodollar Lessor Advances

 The Company
has caused this Requisition to be executed by its duly authorized officer as of this         day
of                    ,             . 

 

			
	CONVERGYS CORPORATION
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 

 Exhibit A - 2 

 Schedule 1A 

Assignment Amounts for Existing Debt Providers and Existing Lessor 

pursuant to the Existing Operative Agreements 
  

									
	 Existing Debt
Providers
	 	Loan Principal	 	Interest	 	Fees/Breakage/Other	 	Total

  

 

									
	 Existing Lessor
	 	Lessor Advance	 	Lessor Yield	 	Fees/Breakage/Other	 	Total
	Wachovia
Development
Corporation	 		 		 		 	

  

 Exhibit A - 3 

 Schedule 1 

Description of Land 

(Legal Description and Street Address) 
  

 Exhibit A - 4 

 Schedule 2 

Description of Improvements 
  

 Exhibit A - 5 

 EXHIBIT B 

[Reserved] 
  

 Exhibit B - 1 

 EXHIBIT C 

CONVERGYS CORPORATION 

OFFICER’S CERTIFICATE 

(Pursuant to Section 5.3(y) of the Participation Agreement) 

CONVERGYS CORPORATION, an Ohio corporation (the “Company”), DOES HEREBY CERTIFY as follows: 

 

	 	1.	Each and every representation and warranty of each Credit Party contained in the Operative Agreements to which it is a party is true and correct on and as of the date
hereof. 

  

	 	2.	No Default or Event of Default has occurred and is continuing under any Operative Agreement. 

 

	 	3.	Each Operative Agreement to which any Credit Party is a party is in full force and effect with respect to it. 

 

	 	4.	Each Credit Party has duly performed and complied with all covenants, agreements and conditions contained in the Participation Agreement (hereinafter defined) or in any
Operative Agreement required to be performed or complied with by it on or prior to the date hereof. 

 Capitalized
terms used in this Officer’s Certificate and not otherwise defined herein have the respective meanings ascribed thereto in the Amended and Restated Participation Agreement, dated as of June 30, 2010 among the Company, as the Lessee, the
parties thereto from time to time as Guarantors, Wachovia Development Corporation, as the Lessor, the various banks and other lending institutions which are parties thereto from time to time, as Credit Lenders, the various banks and other lending
institutions which are parties thereto from time to time, as Mortgage Lenders, and Wells Fargo Bank, National Association, as the Agent for the Primary Financing Parties and respecting the Security Documents, as the Agent for the Secured Parties.

 IN WITNESS WHEREOF, the Company has caused this Officer’s Certificate to be duly executed and delivered as of this
     day of             ,         . 

 

			
	CONVERGYS CORPORATION
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 Exhibit C - 1 

 EXHIBIT D 

[NAME OF CREDIT PARTY] 

SECRETARY’S CERTIFICATE 

(Pursuant to Section 5.3(z) of the Participation Agreement) 

[NAME OF CREDIT PARTY], a              corporation (the
“Company”) DOES HEREBY CERTIFY as follows: 
  

	 	1.	Attached hereto as Schedule 1 is a true, correct and complete copy of the resolutions of the Board of Directors of the Company duly adopted by the Board of
Directors of the Company on             . Such resolutions have not been amended, modified or rescinded since their date of adoption and remain in full force and effect as of the
date hereof. 

  

	 	2.	Attached hereto as Schedule 2 is a true, correct and complete copy of the Articles of Incorporation of the Company on file in the Office of the Secretary of
State of             . Such Articles of Incorporation have not been amended, modified or rescinded since their date of adoption and were in full force and effect on the date of the
resolutions referenced in paragraph 1 and remain in full force and effect as of the date hereof. 

  

	 	3.	Attached hereto as Schedule 3 is a true, correct and complete copy of the Bylaws of the Company. Such Bylaws have not been amended, modified or rescinded
since their date of adoption and remain in full force and effect as of the date hereof. 

  

	 	4.	The persons named below now hold the offices set forth opposite their names, and the signatures opposite their names and titles are their true and correct signatures.

  

									
	 Name
	 	  	 	 Office
	 	  	 	 Signature

					
	  
	 	 	 	  
	 	 	 	  

					
	  
	 	 	 	  
	 	 	 	  

IN WITNESS WHEREOF, the Company has caused this Secretary’s Certificate to be duly executed and delivered as of this
    day of             ,         . 

 

			
	[NAME OF CREDIT PARTY]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 Exhibit D - 1 

 Schedule 1 

Board Resolutions 
  

 Exhibit D - 2 

 Schedule 2 

Articles of Incorporation 
  

 Exhibit D - 3 

 Schedule 3 

Bylaws 
  

 Exhibit D - 4 

 EXHIBIT E 

WACHOVIA DEVELOPMENT CORPORATION 

OFFICER’S CERTIFICATE 

(Pursuant to Section 5.3(bb) of the Participation Agreement) 

WACHOVIA DEVELOPMENT CORPORATION, a North Carolina corporation (the “Lessor”), DOES HEREBY CERTIFY as follows:

  

	 	1.	Each and every representation and warranty of the Lessor contained in the Operative Agreements to which it is a party is true and correct on and as of the date hereof.

  

	 	2.	Each Operative Agreement to which the Lessor is a party is in full force and effect with respect to it. 

 

	 	3.	The Lessor has duly performed and complied with all covenants, agreements and conditions contained in the Participation Agreement (hereinafter defined) or in any
Operative Agreement required to be performed or complied with by it on or prior to the date hereof, other than those conditions which have been expressly waived. 

 

	 	4.	No Default or Event of Default attributable solely to the Lessor has occurred and is continuing under any Operative Agreement. 

Capitalized terms used in this Officer’s Certificate and not otherwise defined herein have the respective meanings ascribed thereto
in the Amended and Restated Participation Agreement dated as of June 30, 2010 (as amended, modified, extended, supplemented, restated and/or replaced from time to time, the “Participation Agreement”) among Convergys
Corporation, as the Lessee, the various parties thereto from time to time as Guarantors, the Lessor, the various banks and other lending institutions which are parties thereto from time to time, as Credit Lenders, the various banks and other lending
institutions which are parties thereto from time to time, as Mortgage Lenders, and Wells Fargo Bank, National Association, as the Agent for the Primary Financing Parties and, respecting the Security Documents, as the Agent for the Secured Parties.

 IN WITNESS WHEREOF, the Lessor has caused this Officer’s Certificate to be duly executed and delivered as of this
     day of             ,         . 

 

			
	 WACHOVIA DEVELOPMENT CORPORATION

		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 Exhibit E - 1 

 EXHIBIT F 

WACHOVIA DEVELOPMENT CORPORATION 

SECRETARY’S CERTIFICATE 

(Pursuant to Section 5.3(cc) of the Participation Agreement) 

CERTIFICATE OF [ASSISTANT] SECRETARY 

I,                     , duly
elected and qualified [Assistant] Secretary of Wachovia Development Corporation (the “Company”), hereby certify as follows: 
  

	 	1.	Attached hereto as Schedule 1 is a true, correct and complete copy of the resolutions of the Board of Directors of the Company duly adopted by the Board of
Directors of the Company on             . Such resolutions have not been amended, modified or rescinded since their date of adoption and remain in full force and effect as of the
date hereof. 

  

	 	2.	Attached hereto as Schedule 2 is a true, correct and complete copy of the Articles of Incorporation of the Company on file in the Office of the Secretary of
State of North Carolina. Such Articles of Incorporation have not been amended, modified or rescinded since their date of adoption and were in full force and effect on the date of the resolutions referenced in paragraph 1 and remain in full force and
effect as of the date hereof. 

  

	 	3.	Attached hereto as Schedule 3 is a true, correct and complete copy of the Bylaws of the Company. Such Bylaws have not been amended, modified or rescinded
since their date of adoption and remain in full force and effect as of the date hereof. 

  

	 	4.	The persons named below now hold the offices set forth opposite their names, and the signatures opposite their names and titles are their true and correct signatures.

  

									
	Name	 	 	 	Office	 	 	 	Signature
					
	  
	 	 	 	  
	 	 	 	  

					
	  
	 	 	 	  
	 	 	 	  

IN WITNESS WHEREOF, the Company has caused this [Assistant] Secretary’s Certificate to be duly executed and delivered as of
this      day of             ,         . 

 

			
	WACHOVIA DEVELOPMENT CORPORATION
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 Exhibit F - 1 

 EXHIBIT G 

[Reserved] 
  

 Exhibit G - 1 

 EXHIBIT H 

[Reserved] 
  

 Exhibit H - 1 

 EXHIBIT I 

[Reserved] 
  

 Exhibit I - 1 

 EXHIBIT J 

[Reserved] 
  

 Exhibit J - 1 

 EXHIBIT K 

[Reserved] 
  

 Exhibit K - 1 

 EXHIBIT L 

STATES OF INCORPORATION/FORMATION AND 

PRINCIPAL PLACE OF BUSINESS OF EACH CREDIT PARTY 

(Pursuant to Section 6.2(o) of the Participation Agreement) 

 

					
	Credit Parties	  	 State of

Incorporation/Formation
	  	 State of Principal

Place of Business

			
	 Convergys Corporation
	  	Ohio	  	Ohio
			
	 Convergys Information Management Group Inc.
	  	Ohio	  	Ohio
			
	 Convergys Customer Management Group Inc.
	  	Ohio	  	Ohio
			
	 Convergys CMG Utah, Inc.
	  	Utah	  	Utah
			
	 Encore Receivable Management, Inc.
	  	Kansas	  	Kansas
			
	 Intervoice, Inc.
	  	Texas	  	Texas
			
	 Convergys Government Solutions LLC
	  	Ohio	  	Ohio

  

 Exhibit L - 1 

 APPENDIX A 

Rules of Usage and Definitions 

I. Rules of Usage 
 The
following rules of usage shall apply to this Appendix A and the Operative Agreements (and each appendix, schedule, exhibit and annex to the foregoing) unless otherwise required by the context or unless otherwise defined therein:

 (a) Except as otherwise expressly provided, any definitions set forth herein or in any other document shall be equally
applicable to the singular and plural forms of the terms defined. 
 (b) Except as otherwise expressly provided, references in
any document to articles, sections, paragraphs, clauses, annexes, appendices, schedules or exhibits are references to articles, sections, paragraphs, clauses, annexes, appendices, schedules or exhibits in or to such document. 

(c) The headings, subheadings and table of contents used in any document are solely for convenience of reference and shall not constitute
a part of any such document nor shall they affect the meaning, construction or effect of any provision thereof. 
 (d) References
to any Person shall include such Person, its successors, permitted assigns and permitted transferees. 
 (e) Except as otherwise
expressly provided, reference to any agreement means such agreement as amended, modified, extended, supplemented, restated and/or replaced from time to time in accordance with the applicable provisions thereof. 

(f) Except as otherwise expressly provided, references to any law includes any amendment or modification to such law and any rules or
regulations issued thereunder or any law enacted in substitution or replacement therefor. 
 (g) When used in any document,
words such as “hereunder”, “hereto”, “hereof” and “herein” and other words of like import shall, unless the context clearly indicates to the contrary, refer to the whole of the applicable document and not to
any particular article, section, subsection, paragraph or clause thereof. 
 (h) References to “including” means
including without limiting the generality of any description preceding such term and for purposes hereof the rule of ejusdem generis shall not be applicable to limit a general statement, followed by or referable to an enumeration of specific
matters, to matters similar to those specifically mentioned. 
 (i) References herein to “attorney’s fees”,
“legal fees”, “costs of counsel” or other such references shall be deemed to include the allocated cost of in-house counsel. 

(j) Each of the parties to the Operative Agreements and their counsel have reviewed and revised, or requested revisions to, the Operative
Agreements, and the usual rule of construction that any ambiguities are to be resolved against the drafting party shall be inapplicable in the construction and interpretation of the Operative Agreements and any amendments or exhibits thereto.

  

 Appendix A - 1 

 (k) Capitalized terms used in any Operative Agreements which are not defined in this
Appendix A but are defined in another Operative Agreement shall have the meaning so ascribed to such term in the applicable Operative Agreement. 

(l) In computing any period of time for purposes of any Operative Agreement, the mechanics for counting the number of days set forth in
Rule 6 of the Federal Rules of Civil Procedure shall be observed. 
 (m) Except as otherwise expressly provided in the
Operative Agreements, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided that, if the Lessee notifies the Agent that the Lessee requests an amendment to any
provision in any Operative Agreement to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the Agent notifies the Lessee that the Majority Secured
Parties request an amendment to any provision in any Operative Agreement for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on
the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance therewith. 

II. Definitions 

“ABR” shall mean, for any day, a rate per annum equal to the greater of (a) the Prime Lending Rate in effect on such day,
and (b) the Federal Funds Effective Rate in effect on such day plus one-half of one percent (0.5%). For purposes hereof: “Prime Lending Rate” shall mean the rate announced by the Agent from time to time as its prime lending
rate as in effect from time to time. The Prime Lending Rate is a reference rate and is one of several interest rate bases used by the Agent and does not necessarily represent the lowest or most favorable rate offered by the Agent actually charged to
any customer. The Lessor, any Credit Lender or any Mortgage Lender may make commercial loans or other loans at rates of interest at, above or below the Prime Lending Rate. The Prime Lending Rate shall change automatically and without notice from
time to time as and when the prime lending rate of the Agent changes. “Federal Funds Effective Rate” shall mean, for any period, a fluctuating interest rate per annum equal for each day during such period to the weighted average of the
rates on overnight Federal funds transactions with members or the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve
Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by the Agent from three (3) Federal funds brokers of recognized standing
selected by it. Any change in the ABR due to a change in the Prime Lending Rate or the Federal Funds Effective Rate shall be effective as of the opening of business on the effective day of such change in the Prime Lending Rate or the Federal Funds
Effective Rate, respectively. 
 “ABR Financings” shall mean principal amounts of the Lessor Advance or principal
amounts owing under the Credit Notes or the Mortgage Notes, bearing a Lessor Yield or rate of interest, as applicable, based upon the ABR. 

“ABR Lessor Advance” shall mean principal amounts of the Lessor Advance bearing a Lessor Yield based upon the ABR. 

“ABR Loans” shall mean Credit Loans or Mortgage Loans the rate of interest applicable to which is based upon the ABR.

  

 Appendix A - 2 

 “Acceleration” shall have the meaning given to such term in Section 6
of the Credit Note Loan Agreement and/or Section 6 of the Mortgage Note Loan Agreement. 
 “Accounts”
shall have the meaning given to such term in Section 1 of the Security Agreement. 
 “Advance” shall have
the meaning given to such term in Section 5.3 of the Participation Agreement. 
 “Affiliate” means, 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. 

“After Tax Basis” shall mean, with respect to any payment to be received, the amount of such payment increased so that, after
deduction of the amount of all taxes required to be paid by the recipient calculated at the then maximum marginal rates generally applicable to Persons of the same type as the recipients with respect to the receipt by the recipient of such amounts
(less any tax savings realized as a result of the payment of the indemnified amount), such increased payment (as so reduced) is equal to the payment otherwise required to be made. 

“Agent” shall mean Wells Fargo Bank, National Association, as agent for the Primary Financing Parties pursuant to the
Participation Agreement, or any successor agent appointed in accordance with the terms of the Participation Agreement, and respecting the Security Documents, as agent for the Secured Parties. 

“Applicable Percentage” means, for any day, with respect to any Eurodollar Loan or Eurodollar Lessor Advance or any ABR Loan or
ABR Lessor Advance, as the case may be, the applicable rate per annum set forth below under the caption “Eurodollar Spread - Credit Loans”, “Eurodollar Spread - Mortgage Loans”, “Eurodollar Spread - Lessor Advances”,
“ABR Spread - Credit Loans”, “ABR Spread - Mortgage Loans”, or “ABR Spread - Lessor Advances”, as the case may be, based upon the ratings by S&P, Moody’s and Fitch, respectively, applicable on such date to the
Index Debt: 
  

																			
	 Index Debt Ratings
	  	Eurodollar Spread	 	 	ABR Spread	 
	  	Credit
Loans	 	 	Mortgage
Loans	 	 	Lessor
Advances	 	 	Credit
Loans	 	 	Mortgage
Loans	 	 	Lessor
Advances	 
	 Category 1
	  			 			 			 			 			 		
	 BBB- or higher/Baa3 or higher
	  	3.000	% 	 	3.000	% 	 	3.700	% 	 	2.000	% 	 	2.000	% 	 	2.700	% 
							
	 Category 2
	  			 			 			 			 			 		
	 BB+/Ba1
	  	3.250	% 	 	3.250	% 	 	3.950	% 	 	2.250	% 	 	2.250	% 	 	2.950	% 
							
	 Category 3
	  			 			 			 			 			 		
	 BB/Ba2
	  	3.500	% 	 	3.500	% 	 	4.200	% 	 	2.500	% 	 	2.500	% 	 	3.200	% 
							
	 Category 4
	  			 			 			 			 			 		
	 BB-/Ba3
	  	3.875	% 	 	3.875	% 	 	4.575	% 	 	2.875	% 	 	2.875	% 	 	3.575	% 
							
	 Category 5
	  			 			 			 			 			 		
	 lower than BB-/lower than Ba3
	  	4.250	% 	 	4.250	% 	 	4.950	% 	 	3.250	% 	 	3.250	% 	 	3.950	% 

  

 Appendix A - 3 

 For purposes of the foregoing, (i) if any of S&P, Moody’s or Fitch shall not have in effect a
rating for the Index Debt (other than by reason of the circumstances referred to in the last sentence of this definition), then such rating agency shall be deemed to have established a rating in Category 5; (ii) if the ratings established or
deemed to have been established by S&P, Moody’s and Fitch for the Index Debt shall fall within different Categories, (A) if two of the ratings fall within the same Category, then the Applicable Percentage shall be determined by
reference to the Category of the two same ratings and (B) if each of the three ratings fall within different Categories, then the Applicable Percentage shall be based on the rating that is between the highest and the lowest ratings; and
(iii) if the ratings established or deemed to have been established by S&P, Moody’s and Fitch for the Index Debt shall be changed (other than as a result of a change in the rating system of S&P, Moody’s or Fitch), such change
shall be effective as of the date on which it is first announced by the applicable rating agency. Each change in the Applicable Percentage shall apply during the period commencing on the effective date of such change and ending on the date
immediately preceding the effective date of the next such change. If the rating system of S&P, Moody’s or Fitch shall change, or if any such rating agency shall cease to be in the business of rating corporate debt obligations, the Lessee,
the Lessor and the Lenders shall negotiate in good faith to amend this definition to reflect such changed rating system or the unavailability of ratings from such rating agency and, pending the effectiveness of any such amendment, the Applicable
Percentage shall be determined by reference to the rating most recently in effect prior to such change or cessation. 

“Appraisal” shall mean, with respect to the Property, an “as-built” appraisal to be delivered in connection with the
Participation Agreement or in accordance with the terms of the Lease, in each case prepared by a reputable appraiser reasonably acceptable to the Agent, which in the reasonable judgment of counsel to the Agent, complies with all of the provisions of
the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended, the rules and regulations adopted pursuant thereto, and all other applicable Legal Requirements. 

“Appraisal Procedure” shall have the meaning given such term in Section 22.4 of the Lease. 

“Approved State” shall mean the State of Florida. 

“Appurtenant Rights” shall mean (a) all agreements, easements, rights of way or use, rights of ingress or egress,
privileges, appurtenances, tenements, hereditaments and other rights and benefits at any time belonging or pertaining to the Land underlying the Improvements or the Improvements, including without limitation the use of any streets, ways, alleys,
vaults or strips of land adjoining, abutting, adjacent or contiguous to the Land and (b) all permits, licenses and rights, whether or not of record, appurtenant to such Land or the Improvements. 

“Assignment and Acceptance” shall mean the Assignment and Acceptance in the form attached to the applicable Loan Agreement as
Exhibit B. 
 “Assignment and Recharacterization Agreement” shall mean that certain Assignment and
Recharacterization Agreement dated as of the Closing Date by and among Lessee, the Guarantors, Lessor, the Credit Lenders, the Mortgage Lenders, the Agent, and such other parties thereto. 

“Assignment of Lease” shall mean the Amended and Restated Assignment of Leases and Rents dated as of the Closing Date from the
Borrower to the Agent for the benefit of the Secured Parties, and consented to by the Lessee. 
 “Bankruptcy Code”
shall mean Title 11 of the U. S. Code entitled “Bankruptcy,” as now or hereafter in effect or any successor thereto. 
  

 Appendix A - 4 

 “Bankruptcy Event” means with respect to any Person, any voluntary or involuntary
dissolution, winding-up, total or partial liquidation or reorganization, or bankruptcy, insolvency, receivership or other statutory or common law proceedings or arrangements involving such Person or the readjustment of its liabilities or any
assignment for the benefit of creditors or any marshalling of its assets or liabilities. 
 “Base Eurodollar Rate”
means, with respect to any Eurodollar Financing for any Interest Period, the rate appearing on Page 3750 of the Telerate Service (or on any successor or substitute page of such Service, or any successor to or substitute for such Service,
providing rate quotations comparable to those currently provided on such page of such Service, as determined by the Agent from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank
market) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, as the rate for dollar deposits with a maturity comparable to such Interest Period. In the event that such rate is not
available at such time for any reason, then the “Eurodollar Rate” with respect to such Eurodollar Financing for such Interest Period shall be the rate at which dollar deposits of $5,000,000 and for a maturity comparable to such Interest
Period are offered by the principal London office of the Agent in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period.

 “Basic Documents” shall mean the following: the Participation Agreement, the Credit Note Loan Agreement, the
Mortgage Loan Note Agreement, the Notes, the Lease and the Security Agreement. 
 “Basic Rent” shall mean, the sum of
(a) the Credit Loan Basic Rent, (b) the Mortgage Loan Basic Rent and (c) the Lessor Basic Rent, calculated as of the applicable date on which Basic Rent is due. 

“Basic Term” shall have the meaning given to such term in Section 2.2 of the Lease. 

“Basic Term Commencement Date” shall have the meaning specified in Section 2.2 of the Lease. 

“Benefited Credit Lender” shall have the meaning specified in Section 9.10(a) of the Credit Note Loan Agreement.

 “Benefited Mortgage Lender” shall have the meaning specified in Section 9.10(a) of the Mortgage Note
Loan Agreement. 
 “Board” shall mean the Board of Governors of the Federal Reserve System of the United States.

 “Borrower” shall mean Wachovia Development Corporation, a North Carolina corporation, in its capacity as the
“borrower” under the Credit Note Loan Agreement and/or under the Mortgage Note Loan Agreement and the other Operative Agreements, and any successor, replacement and/or additional borrower expressly permitted under the Credit Note Loan
Agreement, the Mortgage Note Loan Agreement and the other Operative Agreements. 
 “Borrower’s Interest” shall
mean the Borrower’s rights in, to and under the Property, the Operative Agreements, any other property contributed on behalf of the Lessee and any and all other property or assets from time to time of the Borrower obtained with respect to the
Operative Agreements, including, without limitation, Modifications, and all amounts of Rent, insurance proceeds and condemnation awards, indemnity or other payments of any kind received by the Borrower pursuant to the Operative Agreements; provided,
the term “Borrower’s Interest” shall not include the Lessor Advance or any Lessor Yield or any Excepted Payments. 
  

 Appendix A - 5 

 “Business Day” shall mean a day other than a Saturday, Sunday or other day on
which commercial banks in New York or any other states from which the Agent, the Lessor, any Mortgage Lender or any Credit Lender funds the transactions contemplated by the Operative Agreements are authorized or required by law to close;
provided, however, that when used in connection with a Eurodollar Financing, the term “Business Day” shall also exclude any day on which banks are not open for dealings in dollar deposits in the London interbank market.

 “Capital Lease Obligations” of any Person means 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
the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 
 “Capital
Stock” shall mean any nonredeemable capital stock of the Lessee or any of its Subsidiaries or of any other applicable Person, whether common or preferred. 

“Casualty” shall mean any damage or destruction of all or any portion of the Property as a result of a fire or other casualty.

 “CERCLA” shall mean the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, 42 U.S.C.
§ 9601 et seq., as amended by the Superfund Amendments and Reauthorization Act of 1986. 
 “Change in Control”
means (a) the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or group (within the meaning of the Securities Exchange Act of 1934 and the rules of the Securities and Exchange Commission thereunder as
in effect on the date hereof), of shares representing more than 25% of the aggregate ordinary voting power represented by the issued and outstanding capital stock of the Lessee; (b) occupation of a majority of the seats (other than vacant
seats) on the board of directors of the Lessee by Persons who were neither (i) nominated by the board of directors of the Lessee nor (ii) appointed by directors so nominated; or (c) the acquisition of direct or indirect Control of the
Lessee by any Person or group. 
 “Change in Law” means the occurrence, after the Closing Date, of any of the
following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation or application thereof by any Governmental Authority or
(c) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority. 

“Chattel Paper” shall have the meaning given to such term in Section 1 of the Security Agreement. 

“Claims” shall mean any and all obligations, liabilities, losses, actions, suits, penalties, claims, demands, costs and
expenses (including without limitation reasonable attorney’s fees and expenses) of any nature whatsoever. 
 “Closing
Date” shall mean June 30, 2010. 
 “Code” shall mean the Internal Revenue Code of 1986 together with rules
and regulations promulgated thereunder, as amended from time to time, or any successor statute thereto. 
  

 Appendix A - 6 

 “Collateral” shall mean all assets of the Borrower or the Lessee, now owned or
hereafter acquired, upon which a Lien is purported to be created by one or more of the Security Documents. 
 “Commitment
Percentage” shall mean, as to any Primary Financing Party at any time, the percentage which such Primary Financing Party’s Commitment then constitutes of the aggregate Commitments (or, at any time after the Commitments shall have expired
or terminated, the percentage which the aggregate principal amount of such Primary Financing Party’s Financing then outstanding constitutes of the aggregate principal amount of all of the Financing then outstanding). 

“Commitments” shall mean the Credit Note Commitments of each Credit Lender as set forth in Schedule 2.1 to the
Credit Note Loan Agreement, as such Schedule 2.1 may be amended or replaced from time to time, the Mortgage Note Commitments of each Mortgage Lender as set forth in Schedule 2.1 to the Mortgage Note Loan Agreement, as such
Schedule 2.1 may be amended or replaced from time to time, and the Lessor Commitment of the Lessor. 
 “Company
Obligations” shall mean the obligations of Convergys, in any and all capacities under and with respect to the Operative Agreements and the Property. 

“Condemnation” shall mean any taking or sale of the use, access, occupancy, easement rights or title to the Property or any
part thereof, wholly or partially (temporarily or permanently), by or on account of any actual or threatened eminent domain proceeding or other taking of action by any Person having the power of eminent domain, including without limitation an action
by a Governmental Authority to change the grade of, or widen the streets adjacent to, the Property or alter the pedestrian or vehicular traffic flow to the Property so as to result in a change in access to the Property, or by or on account of an
eviction by paramount title or any transfer made in lieu of any such proceeding or action. 
 “Consolidated EBITDA”
means, for any fiscal period, with respect to the Lessee and the Consolidated Subsidiaries, Consolidated Net Income for such period plus, to the extent deducted in computing such Consolidated Net Income, without duplication, the sum of
(a) income tax expense, (b) interest expense (including the aggregate yield (expressed in dollars) obtained by the purchasers or investors under any Securitization Transactions on their investments in accounts receivable of the Lessee and
the Subsidiaries during such period, determined in accordance with generally accepted financial practice and the terms of such Securitization Transactions), (c) depreciation and amortization expense, (d) any non-cash extraordinary or
non-cash non-recurring losses and (e) other non-cash items (other than accruals) reducing Consolidated Net Income, minus, to the extent added in computing such Consolidated Net Income, without duplication, the sum of (i) interest
income, (ii) any extraordinary or non-recurring gains and (iii) other non-cash items increasing Consolidated Net Income, all as determined on a consolidated basis in accordance with GAAP. In the event that there shall have occurred any
acquisition or disposition by the Lessee or a Subsidiary of a business or business unit during any period for which Consolidated EBITDA is to be determined, such determination shall be made on a pro forma basis (in accordance with Regulation S-X
under the Securities Act of 1933) as if such acquisition or disposition and any related incurrence or repayment of Indebtedness had occurred on the first day of such period. 

“Consolidated Interest Expense” means, for any fiscal period, the aggregate of all interest expense of the Lessee and the
Consolidated Subsidiaries for such period that, in accordance with GAAP, is or should be included in “interest expense” reflected in the income statement for the Lessee and the Consolidated Subsidiaries, less the amount of capital lease
interest accrued to the Lessee or any Consolidated Subsidiary for such period that is not reflected in Consolidated EBITDA for such period, all as determined on a consolidated basis in accordance with GAAP, plus, for any fiscal period, the
aggregate yield (expressed in dollars) obtained by the purchasers under any Securitization Transactions on their investments in accounts receivable of the Lessee and the Subsidiaries during such period, determined in

  

 Appendix A - 7 

 
accordance with generally accepted financial practice and the terms of such Securitization Transactions. In the event that there shall have occurred any acquisition or disposition by the Lessee
or a Subsidiary of a business or business unit during any period for which Consolidated Interest Expense is to be determined, such determination shall be made on a pro forma basis (in accordance with Regulation S-X under the Securities Act of 1933)
as if such acquisition or disposition and any related incurrence or repayment of Indebtedness had occurred on the first day of such period. 

“Consolidated Net Income” means, for any fiscal period, net income of the Lessee and the Consolidated Subsidiaries for such
period, determined on a consolidated basis in accordance with GAAP. 
 “Consolidated Subsidiary” means any Subsidiary
that should be consolidated with the Lessee for financial reporting purposes in accordance with GAAP. 
 “Consolidated
Total Debt” means, at any date, all Indebtedness of the Lessee and the Consolidated Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP, plus, without duplication, the aggregate outstanding principal
amount of all Securitization Transactions. 
 “Control” means 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.

 “Controlled Group” shall mean all members of a controlled group of corporations and all trades or businesses
(whether or not incorporated) under common control which, together with the Lessee, are treated as a single employer under Section 414 of the Code. 

“Convergys” shall mean Convergys Corporation, an Ohio corporation. 

“Credit Documents” shall mean the Participation Agreement, the Credit Note Loan Agreement, the Mortgage Note Loan Agreement,
the Notes and the Security Documents. 
 “Credit Lenders” shall mean the banks and lending institutions which are
currently party to the Participation Agreement and the Credit Note Loan Agreement, in each case in such capacity, and shall include the other banks and other lending institutions which may be from time to time party to the Credit Note Loan
Agreement. 
 “Credit Loan” shall mean each loan extended by the Credit Lenders to the Borrower pursuant to the Credit
Note Loan Agreement. 
 “Credit Loan Basic Rent” shall mean the scheduled interest due on the Credit Notes on any
Scheduled Interest Payment Date pursuant to the Credit Note Loan Agreement. 
 “Credit Loan Property Cost” shall mean,
with respect to the Property at any date of determination, an amount equal to (a) the aggregate principal amount of all Credit Loans made on or prior to such date minus (b) the aggregate amount of prepayments or repayments as the
case may be of the Credit Loans allocated to reduce the Credit Loan Property Cost of the Property pursuant to Section 2.6(c) of the Credit Note Loan Agreement. 

“Credit Note” shall have the meaning given to it in Section 1 of the Credit Note Loan Agreement. 

“Credit Note Commitments” shall mean the obligation of the Credit Lenders to purchase Credit Loans to the Borrower in an
aggregate principal amount not to exceed the aggregate of the amounts set 
  

 Appendix A - 8 

 
forth opposite each Credit Lender’s name on Schedule 2.1 to the Credit Note Loan Agreement; provided, no Credit Lender shall be obligated to purchase Credit Loans to the
Borrower in excess of such Credit Lender’s share of the Credit Note Commitments as set forth adjacent to such Credit Lender’s name on Schedule 2.1 to the Credit Note Loan Agreement. 

“Credit Note Loan Agreement” shall mean the Amended and Restated Credit Note Loan Agreement, dated as of the Closing Date,
among the Borrower, the Agent and the Credit Lenders, as specified therein. 
 “Credit Note Loan Agreement Default”
shall mean any event or condition which, with the lapse of time or the giving of notice, or both, would constitute a Credit Note Loan Agreement Event of Default. 

“Credit Note Loan Agreement Event of Default” shall have the meaning given to such term in Section 11 of the Credit
Note Loan Agreement. 
 “Credit Note Obligations” means the collective reference to all obligations, now existing or
hereafter arising, owing by the Borrower and/or the Credit Parties and/or any of their affiliates to the Credit Lenders (or the Agent, on behalf of the Credit Lenders) under or pursuant to the Operative Agreements whether direct or indirect,
absolute or contingent, due or to become due, now existing or hereafter incurred, which may arise under, out of, or in connection with the Participation Agreement, the Credit Note Loan Agreement, the Lease Agreement, the Credit Notes, or any of the
other Operative Agreements, whether on account of principal, advanced amounts, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all reasonable fees and disbursements of counsel to
the Agent or to the Credit Lenders) that are required to be paid by the Borrower and/or the Lessee pursuant to the terms of the Operative Agreements. Notwithstanding the foregoing, the term “Credit Note Obligations” shall not include the
Mortgage Obligations or any obligation or amount included in the definition of the term “Rent” that is owed by the Lessee to the Lessor for the benefit of, or on account of, any of the Mortgage Obligations (including without limitation any
portion of Basic Rent or Supplemental Rent attributable to or calculated based on any amount of interest or other amounts payable under the Mortgage Notes). 

“Credit Parties” shall mean the Lessee and each Guarantor. 

“Debt Rating” shall mean, as of any date of determination thereof and with respect to any Person, the ratings most recently
published by the Rating Agencies relating to the Index Debt of such Person. 
 “Deed” shall mean a warranty deed or
other instrument of conveyance regarding the Land and/or Improvements in form and substance satisfactory to the Agent. 

“Default” shall mean any event, act or condition which with notice or lapse of time, or both, would constitute an Event of
Default. 
 “Disclosed Matters” means the actions, suits and proceedings and the environmental matters disclosed in
Schedule 6.2(f). 
 “Dispute” shall mean any claim or controversy arising out of, or relating to, the
Operative Agreements between or among the parties thereto. 
 “Documents” shall have the meaning given to such term in
Section 1 of the Security Agreement. 
 “Dollars” and “$” shall mean dollars in lawful currency
of the United States of America. 
  

 Appendix A - 9 

 “Election Date” shall have the meaning given to such term in
Section 20.1 of the Lease. 
 “Election Notice” shall have the meaning given to such term in
Section 20.1 of the Lease. 
 “Eligible Lessor” shall mean a Person not affiliated with the Lessee with a
Debt Rating from a Rating Agency of “A” or higher and with a total net worth of $350,000,000 or more, or any Affiliate of such a Person if such Person otherwise agrees in writing to indemnify the Lenders in a manner reasonably satisfactory
to the Lenders for any Claim arising as a result of (i) a Bankruptcy Event respecting such Affiliate, (ii) such Affiliate’s breach of any covenant, representation or warranty under any Operative Agreement, and (iii) such
Affiliate’s failure to perform any of its obligations under any Operative Agreement (but such written agreement may exclude any such Claim if such Claim arises, in whole or in part, from a Lease Event of Default). 

“Employee Benefit Plan” or “Plan” shall mean an employee benefit plan (within the meaning of Section 3(3) of
ERISA, including without limitation any Multiemployer Plan), or any “plan” as defined in Section 4975(e)(1) of the Code and as interpreted by the Internal Revenue Service and the Department of Labor in rules, regulations, releases or
bulletins in effect on the Closing Date. 
 “Engagement Letter” shall have the meaning given to such term in
Section 7.5 of the Participation Agreement. 
 “Environmental Claims” shall mean any investigation,
notice, violation, demand, allegation, action, suit, injunction, judgment, order, consent decree, penalty, fine, lien, proceeding, or claim (whether administrative, judicial, or private in nature) relating to or affecting the Property arising
(a) pursuant to, or in connection with, an actual or alleged violation of, any Environmental Law, (b) in connection with any Hazardous Substance, (c) from any abatement, removal, remedial, corrective, or other response action in
connection with a Hazardous Substance, Environmental Law, or other order of a Tribunal or (d) from any actual or alleged damage, injury, threat, or harm to health, safety, natural resources, or the environment. 

“Environmental Laws” means all laws, rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices or
binding agreements issued, promulgated or entered into by any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources, the management, release or threatened release of any Hazardous Material
or to health and safety matters. 
 “Environmental Liability” means any liability, contingent or otherwise (including
any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Lessee or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the
generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or
(e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“Environmental Matters” shall have the meaning given to such term in Section 11 of the Participation Agreement.

 “Environmental Violation” shall mean any activity, occurrence or condition that violates or threatens (if the
threat requires remediation under any Environmental Law and is not remediated during any grace period allowed under such Environmental Law) to violate or results in or threatens (if the threat requires remediation under any Environmental Law and is
not remediated during any grace period allowed under such Environmental Law) to result in noncompliance with any Environmental Law relating to or affecting the Property. 
  

 Appendix A - 10 

 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from
time to time. 
 “ERISA Affiliate” means any trade or business (whether or not incorporated) that, together with the
Lessee, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code.

 “ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or the
regulations issued thereunder with respect to a Plan (other than an event for which the 30-day notice period is waived); (b) the existence with respect to any Plan of an “accumulated funding deficiency” (as defined in Section 412
of the Code or Section 302 of ERISA), whether or not waived; (c) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an application for a waiver of the minimum funding standard with respect to any
Plan; (d) the incurrence by the Lessee or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by the Lessee or any ERISA Affiliate from the PBGC or a plan
administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan; (f) the incurrence by the Lessee or any of its ERISA Affiliates of any liability with respect to the withdrawal
or partial withdrawal from any Plan or Multiemployer Plan; or (g) the receipt by the Lessee or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Lessee or any ERISA Affiliate of any notice, concerning the
imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA. 

“Eurocurrency Reserve Requirements” shall mean a fraction (expressed as a decimal), the numerator of which is the number one
and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board to which the Agent is subject
for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall include those imposed pursuant to such Regulation D. Eurodollar Loans and Eurodollar
Lessor Advances shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender or the Lessor
under such Regulation D or any comparable regulation. The Eurocurrency Reserve Requirements shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

“Eurodollar Financings” shall mean principal amounts of the Lessor Advance or principal amounts owing under the Credit Notes or
the Mortgage Notes, bearing a Lessor Yield or rate of interest, as applicable, based upon the Eurodollar Rate. 

“Eurodollar Lessor Advance” shall mean principal amounts of the Lessor Advance bearing a Lessor Yield based upon the Eurodollar
Rate. 
 “Eurodollar Loans” shall mean Credit Loans or Mortgage Loans the rate of interest applicable to which is
based upon the Eurodollar Rate. 
 “Eurodollar Rate” shall mean, with respect to any Eurodollar Financing for any
Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the Base Eurodollar Rate for such Interest Period multiplied by (b) the Eurocurrency Reserve Requirements. 

 

 Appendix A - 11 

 “Event of Default” shall mean a Lease Event of Default, a Credit Note Loan
Agreement Event of Default or a Mortgage Note Loan Agreement Event of Default. 
 “Event of Loss” shall mean any
Casualty, Condemnation or Environmental Violation that causes or results in the delivery of a Termination Notice by the Lessee in accordance with Section 16.1 of the Lease. 

“Excepted Payments” shall mean: 

(a) all indemnity payments (including without limitation indemnity payments made pursuant to Section 11 of the
Participation Agreement), whether made by adjustment to Basic Rent or otherwise, to which any Financing Party or any of its Affiliates, agents, officers, directors or employees is entitled; 

(b) any amounts (other than Basic Rent or Termination Value) payable under any Operative Agreement to reimburse any
Financing Party or any of its Affiliates (including without limitation the reasonable expenses of any Financing Party incurred in connection with any such payment) for performing or complying with any of the obligations of the Lessee under and as
permitted by any Operative Agreement; 
 (c) any amount payable to the Lessor or any Primary Financing Party by
an transferee permitted under the Operative Agreements of the Lessor or such Primary Financing Party as the purchase price of the Lessor’s interest in the Borrower’s Interest (which amount shall not include any amounts necessary to pay the
principal and interest on the Notes or any other amount payable to the Agent or the Primary Financing Parties) or such Primary Financing Party’s interest in the transactions contemplated by the Operative Agreements (or a portion thereof);

 (d) any insurance proceeds (or payments with respect to risks self-insured or policy deductibles) under
liability policies other than such proceeds or payments payable to any Financing Party; 
 (e) any property
insurance proceeds that are paid under policies maintained by the Lessor or any other Financing Party pursuant to or in accordance with the terms of the Operative Agreements and that do not, because of “other insurance” provisions in the
applicable insurance policies or for any other reason, reduce the proceeds of insurance maintained by or for the Lessee with respect to the Property as required by the Lease; 

(f) Transaction Expenses or other amounts, fees, disbursements or expenses paid or payable to or for the benefit of the
Lessor or any other Financing Party; 
 (g) any payments in respect of interest to the extent attributable to
payments referred to in clauses (a) through (f) above; and 
 (h) any rights of the Financing Parties
to demand, collect, sue for or otherwise receive and enforce payment of any of the foregoing amounts, provided that such rights shall not include the right to terminate or exercise any other remedies under the Lease. 

“Excess Proceeds” shall mean the excess, if any, of the aggregate of all awards, compensation or insurance proceeds payable in
connection with a Casualty or Condemnation over the Termination Value paid by the Lessee pursuant to the Lease with respect to such Casualty or Condemnation. 
  

 Appendix A - 12 

 “Excluded Taxes” shall have the meaning given to such term in
Section 11.2(b) of the Participation Agreement. 
 “Exculpated Persons” shall mean the Lessor (except with
respect to the representations and warranties and the other obligations of the Lessor pursuant to the Operative Agreements solely with respect to the making of the Lessor Advance), the Borrower, and their respective officers, directors, shareholders
and partners. 
 “Exempt Payments” shall have the meaning specified in Section 11.2(e) of the
Participation Agreement. 
 “Existing Credit Loans” shall mean the loans provided by the Existing Credit Note
Purchasers as evidenced by the Existing Credit Notes. 
 “Existing Credit Note” shall have the meaning given to such
term in the Assignment and Recharacterization Agreement. 
 “Existing Credit Note Purchasers” shall have the meaning
given to such term in the Assignment and Recharacterization Agreement. 
 “Existing Debt Provider” shall have the
meaning given to such term in the Assignment and Recharacterization Agreement. 
 “Existing Intercreditor Agreement”
shall have the meaning provided for the term “Intercreditor Agreement” in Appendix A to the Existing Participation Agreement. 

“Existing Lease” shall have the meaning given to such term in Article IA of the Lease. 

“Existing Lessee” shall have the meaning given to such term in the Assignment and Recharacterization Agreement. 

“Existing Lessor” shall have the meaning given to such term in the Assignment and Recharacterization Agreement. 

“Existing Lessor Advance” shall have the meaning given to such term in the Assignment and Recharacterization Agreement.

 “Existing Loans” shall mean the Existing Credit Loans and the Existing Mortgage Loans. 

“Existing Mortgage Lenders” shall have the meaning given to such term in the Assignment and Recharacterization Agreement.

 “Existing Mortgage Loans” shall mean the loans provided by the Existing Mortgage Lenders as evidenced by the
Existing Mortgage Notes. 
 “Existing Mortgage Note” shall have the meaning given to such term in the Assignment and
Recharacterization Agreement. 
 “Existing Mortgage Note Loan Agreement” shall have the meaning given to such term in
Article 1A of the Mortgage Note Loan Agreement. 
  

 Appendix A - 13 

 “Existing Notes” shall have the meaning given to such term in the Assignment and
Recharacterization Agreement. 
 “Existing Note Purchase Agreement” shall have the meaning given to such term in
Article 1A of the Credit Note Loan Agreement. 
 “Existing Operative Agreements” shall have the meaning
given to such term in the Assignment and Recharacterization Agreement. 
 “Existing Participation Agreement” shall
have the meaning given to such term in the Assignment and Recharacterization Agreement. 
 “Existing Security
Agreement” shall have the meaning provided for the term “Security Agreement” in Appendix A to the Existing Participation Agreement. 

“Expiration Date” shall mean the last day of the Term. 

“Fair Market Sales Value” shall mean, with respect to the Property, the amount, which in any event, shall not be less than zero
(0), that would be paid in cash in an arms-length transaction between an informed and willing purchaser and an informed and willing seller, neither of whom is under any compulsion to purchase or sell, respectively, the Property. Fair Market Sales
Value of the Property shall be determined based on the assumption that, except for purposes of Section 17 of the Lease, the Property is in the condition and state of repair required under Section 10.1 of the Lease and the
Lessee is in compliance with the other requirements of the Operative Agreements. 
 “Federal Funds Effective Rate”
shall have the meaning given to such term in the definition of ABR. 
 “Fifty Percent FMV Event” shall have the
meaning given to such term in Section 8.2(e) of the Participation Agreement. 
 “Financial Officer” means
the chief financial officer, principal accounting officer, treasurer or controller of the Lessee. 
 “Financing” shall
mean the collective amount of financing provided by the Lessor in the form of the Lessor Advance, the proceeds of the Credit Loans from the Credit Lenders and the proceeds of the Mortgage Loans from the Mortgage Lenders. 

“Financing Parties” shall mean the Agent and the Primary Financing Parties. 

“First Priority Liens” shall have the meaning given to such term in Section 3.1 of the Intercreditor Agreement.

 “Fitch” shall mean Fitch, Inc. 

“Fixtures” shall mean all fixtures relating to the Improvements, including without limitation all components thereof, located
in or on the Improvements, together with all replacements, modifications, alterations and additions thereto. 
  

 Appendix A - 14 

 “Foreign Subsidiary” means any Subsidiary that is not incorporated or otherwise
organized under the laws of the United States or its territories or possessions. 
 “Form W-8BEN” shall have the
meaning given to such term in Section 11.3(e) of the Participation Agreement. 
 “Form W-8ECI” shall have
the meaning given to such term in Section 11.3(e) of the Participation Agreement. 
 “GAAP” shall mean
generally accepted accounting principles, consistently applied, set forth in the opinions and pronouncements of the accounting principles board of the American Institute of Certified Public Accountants, and statements and pronouncements of the
Financial Accounting Standards Board or in such other statements by such other entity as may be approved by a significant segment of the accounting profession, that are applicable to the circumstances as of the date of determination. 

“Governmental Action” shall mean all permits, authorizations, registrations, consents, approvals, waivers, exceptions,
variances, orders, judgments, written interpretations, decrees, licenses, exemptions, publications, filings, notices to and declarations of or with, or required by, any Governmental Authority, or required by any Legal Requirement, and shall include,
without limitation, all environmental and operating permits and licenses that are required for the full use, occupancy, zoning and operating of the Property. 

“Governmental Authority” means the government of the United States of America, any other nation or 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. 
 “Ground Lease” shall mean a ground lease (in form and substance satisfactory to the Agent)
respecting all or any portion of the Property (a) owned by any Credit Party (or a parent corporation or any Subsidiary of any Credit Party) and leased to the Lessor where such lease has at least a ninety-nine (99) year term and payments
set at no more than $1.00 per year, or (b) where such lease is subject to such other terms and conditions as are satisfactory to the Agent, and, notwithstanding the foregoing shall include but shall not be limited to that certain Second Amended
and Restated Ground Lease Agreement dated as of June 30, 2010 from Lessee to the Lessor of that certain land in Seminole County, Florida, as described more particularly in the Exhibit A attached thereto. 

“Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the guarantor
guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor,
direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment
thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other
financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty issued to
support such Indebtedness or obligation; provided, that the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of business. The term “Guarantee” when used as a verb shall have a
corresponding meaning. 
  

 Appendix A - 15 

 “Guarantee Agreement” means the various provisions of the Participation Agreement
constituting the guarantee pursuant to Section 6B of the Participation Agreement, representations, warranties, covenants and other provisions of the Participation Agreement, in each case, constituting undertakings of the Guarantors and
evidenced by the execution and delivery of either (a) the Participation Agreement by each Material Subsidiary (other than a Foreign Subsidiary) existing as of the Closing Date or (b) a joinder agreement (in form and substance satisfactory
to the Agent) joining each applicable Material Subsidiary (other than a Foreign Subsidiary) existing at such time which has not previously executed the Participation Agreement or any such joinder agreement 

“Guarantee Requirement” means, at any time, that the Guarantee Agreement shall have been executed by each Material Subsidiary
(other than a Foreign Subsidiary) existing at such time, shall have been delivered to the Agent and shall be in full force and effect. 

“Guarantor” means any Subsidiary that shall be a party to the Guarantee Agreement. 

“Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or
other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any
Environmental Law. 
 “Hazardous Substance” shall mean any of the following: (a) any petroleum or petroleum
product, explosives, radioactive materials, asbestos, formaldehyde, polychlorinated biphenyls, lead and radon gas; (b) any substance, material, product, derivative, compound or mixture, mineral, chemical, waste, gas, medical waste, or
pollutant, in each case whether naturally occurring, man-made or the by-product of any process, that is toxic, harmful or hazardous to the environment or human health or safety as determined in accordance with any Environmental Law; or (c) any
substance, material, product, derivative, compound or mixture, mineral, chemical, waste, gas, medical waste or pollutant that would support the assertion of any claim under any Environmental Law, whether or not defined as hazardous as such under any
Environmental Law. 
 “Hedging Agreement” means any interest rate protection agreement, foreign currency exchange
agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement. The “principal amount” of the obligations of the Lessee or any Subsidiary in respect of any Hedging
Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements provided for in such Hedging Agreements) that the Lessee or such Subsidiary would be required to pay if such Hedging Agreement were terminated at
such time. 
 “HRM Sale” means the sale, in one or more transactions, of the Lessee’s “HRM” line of
business (i.e. the business of providing human resource outsourcing solutions, including benefits administration, compensation, human resource administration, learning, payroll administration, performance management, recruiting and sourcing
services). 
 “Impositions” shall mean any and all liabilities, losses, expenses, costs, charges and Liens of any kind
whatsoever for fees, taxes, levies, imposts, duties, charges, assessments or withholdings of any nature whatsoever including but not limited to (i) real and personal property taxes, including without limitation personal property taxes on any
property covered by the Lease that is classified by Governmental Authorities as personal property, and real estate or ad valorem taxes in the nature of property taxes; (ii) sales taxes, use taxes and other similar taxes (including rent taxes
and intangibles taxes); (iii) excise taxes; (iv) real estate transfer taxes, conveyance taxes, stamp taxes and documentary recording taxes and fees; (v) taxes that are or are in the nature of franchise, income, value added, privilege
and doing business taxes, license and registration fees; (vi) assessments on the Property, including 
  

 Appendix A - 16 

 
without limitation all assessments for public Improvements or benefits, whether or not such improvements are commenced or completed within the Term; and (vii) taxes, Liens, assessments or
charges asserted, imposed or assessed by the PBGC or any governmental authority succeeding to or performing functions similar to, the PBGC; and all interest, additions to tax and penalties, which at any time prior to, during or with respect to the
Term or in respect of any period for which the Lessee shall be obligated to pay Supplemental Rent, may be levied, assessed or imposed by any Governmental Authority upon or with respect to (a) any Indemnified Person, the Property or any part
thereof or interest therein; (b) the leasing, financing, refinancing, purchase, acceptance, rejection, demolition, construction, substitution, subleasing, assignment, control, condition, occupancy, servicing, maintenance, repair, ownership,
possession, activity conducted on or in, delivery, insuring, use, rental, lease, operation, improvement, sale, transfer of title, return or other disposition of the Property or any part thereof or interest therein; (c) the Notes, the Lessor
Advance, other indebtedness with respect to the Property, or any part thereof or interest therein; (d) the rentals, receipts or earnings arising from the Property or any part thereof or interest therein; (e) the Operative Agreements, the
execution, performance or enforcement thereof, or any payment made or accrued pursuant thereto; (f) the income or other proceeds received with respect to the Property or any part thereof or interest therein upon the sale or disposition thereof;
(g) any contract relating to the construction, acquisition or delivery of the Improvements or any part thereof or interest therein; (h) the issuance of the Notes; (i) the Borrower or the Borrower’s Interest; or (j) otherwise
in connection with the transactions contemplated by the Operative Agreements including in connection with the transfers, assignments, conveyances and other transactions contemplated by the Assignment and Recharacterization Agreement. 

“Improvements” shall mean, with respect to the construction, renovations and/or Modifications on any Land, all buildings,
structures, Fixtures, and other improvements of every kind existing at any time and from time to time on or under the Land purchased or otherwise acquired using the proceeds of the Lessor Advance, the Credit Loans and the Mortgage Loans or which is
subject to a Ground Lease, together with any and all appurtenances to such buildings, structures or improvements, including without limitation sidewalks, utility pipes, conduits and lines, parking areas and roadways, and including without limitation
all Modifications and other additions to or changes in the Improvements at any time, including without limitation (a) any Improvements existing as of the Closing Date as such Improvements may be referenced on the Requisition and (b) any
Improvements made subsequent to such Closing Date. 
 “Indebtedness” of any Person means, without duplication,
(a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person upon which interest charges are customarily
paid, (d) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person, (e) all obligations of such Person in respect of the deferred purchase price of property or
services (excluding current accounts payable incurred in the ordinary course of business), (f) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by)
any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed, (g) all Guarantees by such Person of Indebtedness of others, (h) all Capital Lease Obligations of such Person,
(i) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty, (j) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances
and (k) all Securitization Transactions of such Person. 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 provide that such Person is not liable therefor. 

 

 Appendix A - 17 

 “Indemnified Person” shall mean the Lessor, the Agent, the other Primary Financing
Parties and their respective successors, assigns, directors, trustees, shareholders, partners, officers, employees, agents and Affiliates. 

“Indemnity Provider” shall mean the Lessee. 

“Index Debt” means senior, unsecured, long-term indebtedness for borrowed money of the Lessee that is not guaranteed by any
other Person or subject to any other credit enhancement; provided, however, only for so long as the Lessee Credit Agreement is unsecured, this definition of “Index Debt” shall be deemed to refer to “Long-Term Issuer
Default Rating” for Fitch, “Corporate Family Rating” for Moody’s and “Corporate Credit Rating” for S&P. 

“Information Memorandum” means the Confidential Information Memorandum dated May 13, 2010 relating to the Lessee and the
Transactions. 
 “Instruments” shall have the meaning given to such term in Section 1 of the Security
Agreement. 
 “Insurance Requirements” shall mean all terms and conditions of any insurance policy either required by
the Lease to be maintained by the Lessee, and all requirements of the issuer of any such policy and, regarding self insurance, any other requirements of the Lessee. 

“Intercompany Indebtedness” means any Indebtedness of any Subsidiary which is owing to the Lessee or any other Subsidiary.

 “Intercreditor Agreement” shall mean that certain Amended and Restated Intercreditor and Lien Subordination
Agreement dated as of the Closing Date among the Lessor, the Credit Lenders, the Mortgage Lenders and the Agent. 

“Interest Period” shall mean as to any Eurodollar Financing (i) with respect to the initial Interest Period and any
Interest Period immediately following a conversion from an ABR Financing to a Eurodollar Financing, the period beginning on the date of the first Eurodollar Financing and ending one (1) month thereafter, and (ii) thereafter, each period
commencing on the last day of the next preceding Interest Period applicable to such Eurodollar Financing and ending one (1) month thereafter; provided, however, that all of the foregoing provisions relating to Interest Periods are
subject to the following: (A) if any Interest Period would end on a day which is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day (except that where the next succeeding Business Day falls in the
next succeeding calendar month, then on the next preceding Business Day), (B) no Interest Period shall extend beyond the Expiration Date, as the case may be, (C) where an Interest Period begins on a day for which there is no numerically
corresponding day in the calendar month in which the Interest Period is to end, such Interest Period shall end on the last Business Day of such calendar month, (D) there shall not be more than four (4) Interest Periods outstanding at any
one (1) time. 
 “Investment Company Act” shall mean the Investment Company Act of 1940, as amended, together
with the rules and regulations promulgated thereunder. 
 “Land” shall mean a parcel of real property described on
(a) the Requisition submitted by the Lessee in connection with the Closing Date relating to such parcel and (b) the schedules to the Lease Supplement executed and delivered in accordance with the requirements of Section 2.4 of
the Lease. 
 “Law” shall mean any statute, law, ordinance, regulation, rule, directive, order, writ, injunction or
decree of any Tribunal. 
  

 Appendix A - 18 

 “Lease” or “Lease Agreement” shall mean the Second Amended and Restated
Lease Agreement dated as of the Closing Date, between the Lessor and the Lessee, together with the Lease Supplement thereto. 

“Lease Default” shall mean any event or condition which, with the lapse of time or the giving of notice, or both, would
constitute a Lease Event of Default. 
 “Lease Event of Default” shall have the meaning specified in
Section 17.1 of the Lease. 
 “Lease Supplement” shall mean the Second Amended and Restated Lease
Supplement No. 1 dated as of the Closing Date substantially in the form of Exhibit A to the Lease, together with all attachments and schedules thereto. 

“Legal Requirements” shall mean all foreign, federal, state, county, municipal and other governmental statutes, laws, rules,
orders, regulations, ordinances, judgments, decrees and injunctions affecting the Lessor, the Lessee, the Agent, any other Primary Financing Party or the Property, Land or Improvements, or the taxation, demolition, construction, use or alteration of
the Property, Land or Improvements, whether now or hereafter enacted and in force, including without limitation any that require repairs, modifications or alterations in or to the Property or in any way limit the use and enjoyment thereof (including
without limitation all building, zoning and fire codes and the Americans with Disabilities Act of 1990, 42 U.S.C. § 12101 et. seq., and any other similar federal, state or local laws or ordinances and the regulations promulgated thereunder) and
any that may relate to environmental requirements (including without limitation all Environmental Laws), and all permits, certificates of occupancy, licenses, authorizations and regulations relating thereto, and all covenants, agreements,
restrictions and encumbrances contained in any instruments which are either of record or known to the Lessee affecting the Property or the Appurtenant Rights. 

“Lenders” shall mean, collectively, the Credit Lenders and the Mortgage Lenders. 

“Lessee” shall have the meaning set forth in the Lease. 

“Lessee Credit Agreement” shall mean that certain $400,000,000 Five-Year Competitive Advance and Revolving Credit Facility
Agreement dated as of October 20, 2006, by and among Convergys Corporation, the Lender Parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent thereunder, Citicorp USA, Inc., as Syndication Agent thereunder, PNC Bank, National
Association, and Deutsche Bank AG, New York Branch, as Co-Documentation Agents thereunder, and J.P. Morgan Securities Inc. and CitiGroup Global Markets Inc., as Joint Lead Arrangers and Joint Bookrunners thereunder, together with all amendments,
modifications, extensions, supplements, restatements and replacements thereof. 
 “Lessee Credit Agreement Event of
Default” shall mean an Event of Default as defined in Article VII of the Lessee Credit Agreement. 

“Lessee Credit Agreement Loan Documents” means the Lessee Credit Agreement and any promissory note issued thereunder and the
Guarantee Agreement (as such term is defined in the Lessee Credit Agreement). 
 “Lessor” shall mean Wachovia
Development Corporation, a North Carolina corporation, in its capacity as “lessor” under the Lease or as a Primary Financing Party, as the context may require, and any successor, replacement and/or additional lessor or lessor expressly
permitted under the Operative Agreements. 
  

 Appendix A - 19 

 “Lessor Advance” shall mean the advance of funds made or deemed made by the Lessor
pursuant to the terms of the Participation Agreement. 
 “Lessor Basic Rent” shall mean the scheduled Lessor Yield due
on the Lessor Advance on any Scheduled Interest Payment Date. 
 “Lessor Commitment” shall mean the obligation of the
Lessor to purchase the Lessor Advance in an amount not to exceed $3,900,000. 
 “Lessor Confirmation Letter” shall
mean the confirmation letter issued by the Lessor from time to time to the Lessee pursuant to Section 8.2(f) of the Participation Agreement, in a form substantially similar to the form of confirmation letter provided to the Lessee on or
prior to the Closing Date. 
 “Lessor Financing Statements” shall mean UCC financing statements and fixture filings
appropriately completed for filing in the applicable jurisdictions in order to protect the Lessor’s interest under the Lease to the extent the Lease is a security agreement or a mortgage. 

“Lessor Lien” shall mean any Lien, true lease or sublease or disposition of title arising as a result of (a) any claim
against the Lessor not resulting from the transactions contemplated by the Operative Agreements, (b) any act or omission of the Lessor which is not required by the Operative Agreements or is in violation of any of the terms of the Operative
Agreements, (c) any claim against the Lessor with respect to Taxes or Transaction Expenses against which the Lessee is not required to indemnify the Lessor pursuant to Section 11 of the Participation Agreement or (d) any claim
against the Lessor arising out of any transfer by the Lessor of all or any portion of the interest of the Lessor in the Property, the Borrower’s Interest or the Operative Agreements other than the transfer of title to or possession of the
Property by the Lessor pursuant to and in accordance with the Lease, the Credit Note Loan Agreement, the Mortgage Note Loan Agreement, the Security Agreement or the Participation Agreement or pursuant to the exercise of the remedies set forth in
Article XVII of the Lease. 
 “Lessor Notice” shall have the meaning given to such term in
Section 8.2(e) of the Participation Agreement. 
 “Lessor Overdue Rate” shall mean the lesser of
(a) the Lessor Yield plus two percent (2%) and (b) the highest rate permitted by applicable Law. 

“Lessor Property Cost” shall mean, with respect to the Property at any date of determination, an amount equal to (a) the
aggregate principal amount of the Lessor Advance made on or prior to such date minus (b) the aggregate amount of prepayments or repayments as the case may be of the Lessor Advance allocated to reduce the Lessor Property Cost of the
Property pursuant to Section 5B.4(c) of the Participation Agreement. 
 “Lessor Yield” shall mean with
respect to the Lessor Advance from time to time either the Eurodollar Rate plus the Applicable Percentage or the ABR plus the Applicable Percentage, as elected by the Lessee; provided, however, (a) in the event the
Agent is unable to determine the Eurodollar Rate as provided in Section 5B.6(c) of the Participation Agreement, the outstanding Lessor Advance shall bear a yield at the ABR plus the Applicable Percentage applicable from time to
time from and after the dates and during the periods specified in Section 5B.6(c) of the Participation Agreement, and (b) upon the delivery by Lessor of the notice described in Section 11.3(e) of the Participation
Agreement, the Lessor Advance shall bear a yield at the ABR plus the Applicable Percentage applicable from time to time after the dates and during the periods specified in Section 11.3(e) of the Participation Agreement.

  

 Appendix A - 20 

 “Lien” means, with respect to any asset, (a) any mortgage, deed of trust,
lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease
having substantially the same economic effect as any of the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities. 

“Limited Recourse Amount” shall mean with respect to the Property, an amount equal to the Termination Value with respect to the
Property on the Expiration Date, less the Maximum Residual Guarantee Amount as of such date with respect to the Property. 

“Limited Recourse Event of Default” shall have the meaning given to such term in Section 17.11 of the Lease.

 “Loan Agreements” shall mean, collectively, the Credit Note Loan Agreement and the Mortgage Note Loan Agreement.

 “Loans” shall mean the Credit Loans and the Mortgage Loans. 

“Majority Credit Lenders” shall mean at any time, Credit Lenders whose Credit Loans outstanding represent at least fifty-one
percent (51%) of the aggregate Credit Loans outstanding. 
 “Majority Mortgage Lenders” shall mean at any time,
Mortgage Lenders whose Mortgage Loans outstanding represent at lease fifty-one percent (51%) of the aggregate Mortgage Loans outstanding; provided, at any time when there are two or more unaffiliated Mortgage Lenders, the Majority
Mortgage Lenders must include at least two unaffiliated Mortgage Lenders. 
 “Majority Secured Parties” shall mean at
any time, Primary Financing Parties whose Financings outstanding represent at least fifty-one percent (51%) of (a) the aggregate Financings outstanding or (b) to the extent there are no Financings outstanding, the aggregate of the
Primary Financing Party Commitments; provided, at any time when there are two or more unaffiliated Secured Parties, the Majority Secured Parties must include at least two unaffiliated Secured Parties. 

“Marketing Notice” shall have the meaning given to such term in Section 3.2(c) of the Intercreditor Agreement.

 “Marketing Period” shall mean, if the Lessee has given a Sale Notice in accordance with Section 20.1 of
the Lease, the period commencing on the date such Sale Notice is given and ending on the Expiration Date. 
 “Marketing
Price” shall have the meaning given to such term in Section 3.2(c) of the Intercreditor Agreement. 

“Material Adverse Effect” shall mean a material adverse effect on (a) the business, condition (financial or otherwise),
assets, prospects or operations of the Lessee and the Subsidiaries taken as a whole, (b) the ability of Lessee or any other Credit Party to perform its respective obligations under any Operative Agreement to which it is a party, (c) the
validity or enforceability of any Operative Agreement or the rights and remedies of the Agent, the Lessor or the other Primary Financing Parties thereunder, (d)

 

 Appendix A - 21 

 
the validity, priority or enforceability of any Lien on the Property or any other Collateral created by any of the Operative Agreements, or (e) the fair market value, utility or useful life
of the Property or the use, or ability of the Lessee to use, the Property for the purpose for which it was intended. 

“Material Indebtedness” means Indebtedness (other than the Revolver Loans), or obligations in respect of one or more Hedging
Agreements, of any one or more of the Lessee and its Subsidiaries in an aggregate principal amount exceeding $25,000,000. 

“Material Securitization Transaction” shall have the meaning given to such term in Section 17.1(r) of the Lease.

 “Material Subsidiary” means (a) any Subsidiary that directly or indirectly owns or Controls any Material
Subsidiary (unless the only Material Subsidiary directly or indirectly owned or controlled by such Subsidiary is CMG Utah Inc.) and (b) CMG Utah Inc. and any other Subsidiary (i) the revenues of which for the most recent period of four
fiscal quarters of the Lessee for which financial statements have been delivered pursuant to Section 8.3A.1 were greater than 1% of the Lessee’s consolidated revenues for such period and (ii) the assets of which as of the end
of such period were greater than 1% of Lessee’s consolidated assets as of such date; provided that if at any time (x) the aggregate amount of the revenues of all Subsidiaries that are not Material Subsidiaries exceeds 5% of the
Lessee’s consolidated revenues for the most recent period of four fiscal quarters of the Lessee for which financial statements have been delivered pursuant to Section 8.3A.1 or (y) the aggregate amount of the assets of all
Subsidiaries that are not Material Subsidiaries exceeds 5% of the Lessee’s consolidated assets as of the end of such period, the Lessee (or, in the event the Lessee has failed to do so within 10 Business Days, the Agent) shall designate
sufficient Subsidiaries as “Material Subsidiaries” to eliminate such excess, and such designated Subsidiaries shall for all purposes of this Agreement constitute Material Subsidiaries. For purposes of making the determinations required by
this definition, revenues and assets of Foreign Subsidiaries shall be converted into dollars at the rates used in preparing the consolidated balance sheet of the Lessee included in the applicable financial statements. Notwithstanding the foregoing,
a Subsidiary formed solely for the purpose of carrying out one or more Securitization Transactions and owning no assets and conducting no business other than those incidental to such Securitization Transactions shall not constitute a Material
Subsidiary. 
 “Maturity Date” shall mean June 30, 2015 or such earlier date on which the Lease terminates.

 “Maximum Residual Guarantee Amount” shall mean an amount equal to $47,000,00.00. 

“Modifications” shall have the meaning specified in Section 11.1(a) of the Lease. 

“Moody’s” shall mean Moody’s Investors Service, Inc. 

“Mortgage Instruments” shall mean (i) the Amended and Restated Open-End Fee and Leasehold Mortgage, Assignment of Leases,
Interests and Security Documents, Security Agreement and Financing Statement dated as of the Closing Date; (ii) the Second Amended and Restated Open-End Mortgage, Assignment of Leases, Rents and Profits and Second Amended and Restated
Memorandum of Second Amended and Restated Lease and Second Amended and Restated Lease Supplement No. 1 and Option; and (iii) each deed of trust, mortgage and any other instrument executed by the Borrower and the Lessee in favor of the
Agent (for the benefit of any Primary Financing Party) and evidencing a Lien on the Property, in form and substance reasonably acceptable to the Agent. 

“Mortgage Lenders” shall mean the banks and lending institutions which are currently party to the Participation Agreement and
the Mortgage Note Loan Agreement, in each case in such capacity, and shall include the other banks and other lending institutions which may be from time to time party to the Mortgage Note Loan Agreement. 

 

 Appendix A - 22 

 “Mortgage Loan” shall mean each loan extended by the Mortgage Lenders to the
Borrower pursuant to the Mortgage Note Loan Agreement. 
 “Mortgage Loan Basic Rent” shall mean the scheduled interest
due on the Mortgage Loans on any Scheduled Interest Payment Date pursuant to the Mortgage Note Loan Agreement. 
 “Mortgage
Loan Property Cost” shall mean, with respect to the Property at any date of determination, an amount equal to (a) the aggregate principal amount of all Mortgage Loans made on or prior to such date minus (b) the aggregate amount
of prepayments or repayments as the case may be of the Mortgage Loans allocated to reduce the Mortgage Loan Property Cost of the Property pursuant to Section 2.6(c) of the Mortgage Note Loan Agreement. 

“Mortgage Note” shall have the meaning given to it in Section 2.2 of the Mortgage Note Loan Agreement. 

“Mortgage Note Commitments” shall mean the obligation of the Mortgage Lenders to purchase Mortgage Loans to the Borrower in an
aggregate principal amount not to exceed the aggregate of the amounts set forth opposite each Mortgage Lender’s name on Schedule 2.1 to the Mortgage Note Loan Agreement; provided, no Mortgage Lender shall be obligated to
purchase Mortgage Loans to the Borrower in excess of such Mortgage Lender’s share of the Mortgage Note Commitments as set forth adjacent to such Mortgage Lender’s name on Schedule 2.1 to the Mortgage Note Loan Agreement.

 “Mortgage Note Loan Agreement” shall mean the Amended and Restated Mortgage Note Loan Agreement, dated as of the
Closing Date, among the Borrower, the Agent and the Mortgage Lenders, as specified therein. 
 “Mortgage Note Loan
Agreement Default” shall mean any event or condition which, with the lapse of time or the giving of notice, or both, would constitute a Mortgage Note Loan Agreement Event of Default. 

“Mortgage Note Loan Agreement Event of Default” shall mean any event or condition defined as an “Event of Default” in
Section 6 of the Mortgage Note Loan Agreement. 
 “Mortgage Obligations” means the collective reference to
(i) all obligations, now existing or hereafter arising, owing by the Lessee and/or any of its affiliates to the Lessor (or the Agent, on behalf of the Lessor) under or pursuant to the Operative Agreements whether direct or indirect, absolute or
contingent, due or to become due, now existing or hereafter incurred, which may arise under, out of, or in connection with the Participation Agreement, the Lease Agreement, or any of the other Operative Agreements, whether on account of principal,
advanced amounts, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all reasonable fees and disbursements of counsel to the Agent or to the Lessor) that are required to be paid by
the Lessee pursuant to the terms of the Operative Agreements and (ii) all obligations, now existing or hereafter arising, owing by the Borrower and/or the Lessee and/or any of their affiliates to the Mortgage Lenders (or the Agent, on behalf of
the Mortgage Lenders) under or pursuant to the Operative Agreements whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter incurred, which may arise under, out of, or in connection with the Participation
Agreement, the Mortgage Note Loan Agreement, the Lease Agreement, the Mortgage Notes, or any of the other Operative Agreements, whether on account of principal, advanced amounts, interest, reimbursement obligations, fees,

  

 Appendix A - 23 

 
indemnities, costs, expenses or otherwise (including, without limitation, all reasonable fees and disbursements of counsel to the Agent or to the Mortgage Lenders) that are required to be paid by
the Borrower and/or the Lessee pursuant to the terms of the Operative Agreements. Notwithstanding the foregoing, the term “Mortgage Obligations” shall not include the Credit Note Obligations or any obligation or amount included in the
definition of the term “Rent” that is owed by the Lessee to the Lessor for the benefit of, or on account of, any of the Credit Note Obligations (including without limitation any portion of Basic Rent or Supplemental Rent attributable to or
calculated based on any amount of interest or other amounts payable under the Credit Notes). 
 “Multiemployer Plan”
means a multiemployer plan as defined in Section 4001(a)(3) of ERISA. 
 “Multiple Employer Plan” shall mean a
plan to which the Lessee or any ERISA Affiliate and at least one (1) other employer other than an ERISA Affiliate is making or accruing an obligation to make, or has made or accrued an obligation to make, contributions. 

“Net Proceeds” means, with respect to the HRM Sale, (a) the cash proceeds received in respect of such sale, including any
cash received in respect of any noncash proceeds, but only as and when received, net of (b) all fees and out-of-pocket expenses paid in connection with the HRM Sale by the Lessee and the Subsidiaries to Persons that are not Affiliates of the
Lessee. 
 “Notes” shall mean the Credit Notes and the Mortgage Notes. 

“Obligations” shall mean the collective reference to all obligations (including without limitation all payment and performance
obligations), now existing or hereafter arising, owing by the Borrower and/or the Lessee and/or any of their affiliates to the Secured Parties under or pursuant to the Operative Agreements whether direct or indirect, absolute or contingent, due or
to become due, now existing or hereafter incurred, which may arise under, out of, or in connection with the Participation Agreement, the Lease Agreement, the Credit Note Loan Agreement, the Mortgage Note Loan Agreement, the Notes or any of the other
Operative Agreements, whether on account of principal, advanced amounts, interest, reimbursement obligations, fees, indemnities, costs, expenses, termination payments or otherwise (including without limitation all reasonable fees and disbursements
of counsel to any of the Secured Parties) that are required to be paid by the Borrower and/or the Lessee pursuant to the terms of the Operative Agreements, and including without limitation the Credit Note Obligations and the Mortgage Obligations.

 “OFAC” has the meaning set forth in Section 6.2(n). 

“Officer’s Certificate” with respect to any person shall mean a certificate executed on behalf of such person by a
Responsible Officer who has made or caused to be made such examination or investigation as is necessary to enable such Responsible Officer to express an informed opinion with respect to the subject matter of such Officer’s Certificate.

 “Operative Agreements” shall mean the following: the Participation Agreement, the Credit Note Loan Agreement, the
Mortgage Note Loan Agreement, the Notes, the Lease, each Lease Supplement, the Ground Lease, the Security Agreement, the Assignment of Lease, the Intercreditor Agreement, the Mortgage Instruments, the other Security Documents, the Deed, the
Assignment and Recharacterization Agreement and any and all other agreements, documents and instruments executed in connection with any of the foregoing. 

“Original Executed Counterpart” shall have the meaning given to such term in Section 5 of Exhibit A to
the Lease. 
  

 Appendix A - 24 

 “Overdue Rate” shall mean (a) with respect to the Credit Loan Basic Rent,
interest payable under the Credit Note Loan Agreement or any Credit Note, and any other amount owed to any Credit Lender under or with respect to the Credit Note Loan Agreement, the Credit Notes and any other amount owing to any Credit Lender under
the Security Documents or the other Operative Agreements, the rate specified in Section 2.8(b) of the Credit Note Loan Agreement, (b) with respect to the Mortgage Loan Basic Rent, interest payable under the Mortgage Note Loan
Agreement or any Mortgage Note, and any other amount owed to any Mortgage Lender under or with respect to the Mortgage Note Loan Agreement, the Mortgage Notes and any other amount owing to any Mortgage Lender under the Security Documents or the
other Operative Agreements, the rate specified in Section 2.8(b) of the Mortgage Note Loan Agreement, and (c) with respect to the Lessor Basic Rent, the Lessor Yield and any other amount owing to the Lessor under the Security
Documents or the other Operative Agreements, the Lessor Overdue Rate, and (d) with respect to any other amount, the greater of the rate specified in Section 2.8(b) of the Credit Note Loan Agreement or the rate specified in
Section 2.8(b) of the Mortgage Note Loan Agreement. 
 “Participant” shall have the meaning given to such
term, as applicable, in Section 9.7 of the Credit Note Loan Agreement or the Section 9.7 of the Mortgage Note Loan Agreement. 

“Participation Agreement” shall mean the Amended and Restated Participation Agreement dated as of the Closing Date, among the
Lessee, the Guarantors, the Lessor, the Credit Lenders, the Mortgage Lenders, and the Agent. 
 “Payment Date” shall
mean any Scheduled Interest Payment Date and any date on which interest or Lessor Yield in connection with a prepayment of principal on the Notes or the Lessor Advance is due under the Credit Note Loan Agreement, the Mortgage Note Loan Agreement or
the Notes or any other Operative Agreement. 
 “PBGC” means the Pension Benefit Guaranty Corporation referred to and
defined in ERISA and any successor entity performing similar functions. 
 “Pension Plan” shall mean a “pension
plan”, as such term is defined in section 3(2) of ERISA, which is subject to title IV of ERISA (other than a Multiemployer Plan), and to which the Lessee or any ERISA Affiliate may have any liability, including without limitation any liability
by reason of having been a substantial employer within the meaning of section 4063 of ERISA at any time during the preceding five (5) years, or by reason of being deemed to be a contributing sponsor under section 4069 of ERISA. 

“Permitted Encumbrances” means: 

(a) Liens imposed by law for taxes that are not yet due or are being contested in compliance with
Section 8.3A.4; 
 (b) carriers’, warehousemen’s, mechanics’, materialmen’s,
repairmen’s and other like Liens imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 30 days or are being contested in compliance with Section 8.3A.4; 

(c) pledges and deposits made in the ordinary course of business in compliance with workers’ compensation,
unemployment insurance and other social security laws or regulations; 
  

 Appendix A - 25 

 (d) deposits to secure the performance of bids, trade contracts, leases,
statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business; 

(e) judgment liens in respect of judgments that do not constitute an Event of Default under Section 17.1(m) of
the Lease; and 
 (f) easements, zoning restrictions, rights-of-way and similar encumbrances on real property
imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and do not materially detract from the value of the affected property or interfere with the ordinary conduct of business of the Lessee or any
Subsidiary; 
 provided that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness. 

“Permitted Facility” shall mean each parcel of real property (together with improvements existing or to be built thereon)
selected by the Lessee and acceptable to the Agent, in its sole discretion. 
 “Permitted Liens” shall mean, with
respect to the Property: 
 (a) the respective rights and interests of the parties to the Operative Agreements as
provided in the Operative Agreements; 
 (b) the rights of any sublessee or assignee under a sublease or an
assignment expressly permitted by the terms of the Lease for no longer than the duration of the Lease; 
 (c)
Liens for Taxes that either are not yet due or are being contested in accordance with the provisions of Section 13.1 of the Lease; 

(d) Liens arising by operation of law, materialmen’s, mechanics’, workmen’s, repairmen’s,
employees’, carriers’, warehousemen’s and other like Liens relating to the construction of the Improvements or in connection with any Modifications or arising in the ordinary course of business for amounts that either are not more
than thirty (30) days past due or are being diligently contested in good faith by appropriate proceedings, so long as such proceedings satisfy the conditions for the continuation of proceedings to contest Taxes set forth in
Section 13.1 of the Lease; 
 (e) Liens of any of the types referred to in clause (d) above that
have been bonded for not less than the full amount in dispute (or as to which other security arrangements satisfactory to the Lessor and the Agent have been made), which bonding (or arrangements) shall comply with applicable Legal Requirements, and
shall have effectively stayed any execution or enforcement of such Liens; 
 (f) Liens arising out of judgments
or awards with respect to which appeals or other proceedings for review are being prosecuted in good faith and for the payment of which adequate reserves have been provided as required by GAAP or other appropriate provisions have been made, so long
as such proceedings have the effect of staying the execution of such judgments or awards and satisfy the conditions for the continuation of proceedings to contest Taxes set forth in Section 13.1 of the Lease; 

(g) Liens in favor of municipalities to the extent agreed to by the Lessor and the Agent; 

 

 Appendix A - 26 

 (h) all encumbrances, exceptions, restrictions, easements, rights of way,
servitudes, encroachments and irregularities in title, other than Liens which, in the reasonable assessment of the Agent, will have a Material Adverse Effect; and 

(i) any other Lien expressly consented to or approved by the Agent. 

“Person” shall mean any individual, corporation, partnership, limited liability company, joint venture, association, joint
stock company, trust, unincorporated organization, governmental authority or any other entity. 
 “Plan” means any
employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Lessee or any ERISA Affiliate is (or, if such
plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 

“Plans and Specifications” shall mean, with respect to Improvements and other components of the Property, the as-built plans
and specifications for such Improvements and other components of the Property. 
 “Post-Expiration Date Balance” shall
mean the sum of (i) the remaining Termination Value for the Property after application of the Maximum Residual Guarantee Amount actually paid to Lessor on the Expiration Date pursuant to Section 22.1(b) of the Lease, (ii) all
reasonable costs and expenses incurred by or payable to Lessor (including management, supervisory or any remarketing fees payable to any Person, including Lessor) following the Expiration Date to maintain, lease or sell the Property (including any
allocated internal costs of Lessor), and (iii) an amount equal to the amount of holdover Rent that Lessor would have received under Article XXIII of the Lease if Lessee had remained in possession of the Property during the period
following the Expiration Date through the date Lessor recovers gross proceeds of sale (without deduction for any marketing, closing or other costs, prorations or commissions) equal to the sum of items (i) and (ii) above. 

“Primary Financing Parties” shall mean the Credit Lenders, the Mortgage Lenders, the Lessor and any other banks, financial
institutions or other institutional investors which may be from time to time a Credit Lender, a Mortgage Lender or the Lessor. 

“Primary Financing Party Balance” shall mean, with respect to any Primary Financing Party as of any date of determination:
(i) with respect to any Credit Lender, the outstanding principal amount of the Credit Loans owed to such Credit Lender at such time or (ii) with respect to any Mortgage Lender, the outstanding principal amount of the Mortgage Loans owed to
such Mortgage Lender at such time or (iii) with respect to the Lessor, the outstanding principal amount of the Lessor Advance at such time, plus, in each case, all accrued and unpaid interest and Lessor Yield, as the case may be,
thereon. 
 “Primary Financing Party Financing Statements” shall mean UCC financing statements and fixture filings
appropriately completed for filing in the applicable jurisdiction in order to procure a security interest in favor of the Agent in the Collateral subject to the Security Documents. 

“Prime Lending Rate” shall have the meaning given to such term in the definition of ABR. 

“Priority Indebtedness” means, without duplication, (a) all Indebtedness, and the principal amount of the obligations
under any Hedging Agreements, of any Subsidiary (other than any Guarantor) and (b) all Indebtedness, and the principal amount of the obligations under any Hedging Agreements, of the Lessee or any Subsidiary that is secured by any Lien on any
asset of the Borrower or any Subsidiary or that is referred to in clause (d), (f), (h) or (k) of the definition of “Indebtedness”. 
  

 Appendix A - 27 

 “Property” shall mean the properties described on the schedules to the Lease
Supplement and in the attachments to the applicable Mortgage Instruments (including, without limitation, all of the Land and the Improvements related thereto). 

“Property Cost” shall mean, with respect to the Property at any date of determination, an amount equal to the aggregate sum of
the Lessor Property Cost plus the Mortgage Loan Property Cost plus the Credit Loan Property Cost. 

“Purchase Option” shall have the meaning given to such term in Section 20.1 of the Lease. 

“Purchasing Credit Lender” shall have the meaning given to such term in Section 9.8(a) of the Credit Note Loan
Agreement. 
 “Purchasing Mortgage Lender” shall have the meaning given to such term in Section 9.8(a) of
the Mortgage Note Loan Agreement. 
 “QPAM Exemption” shall mean Prohibited Transaction Class Exemption 84-14 issued
by the United States Department of Labor. 
 “Rating Agencies” shall mean Moody’s, S&P and Fitch or, in each
case, any successor nationally recognized statistical rating organization. 
 “Reasonable Settlement Amount” shall
mean, with respect to any Claim, the maximum amount that a prudent Person in the position of the Indemnified Person, but able to pay any amount, might reasonably agree to pay to settle the Claim, taking into account the nature and amount of the
Claim, the relevant facts and circumstances known to such Indemnified Person at the time of settlement and the additional attorneys’ fees and other costs of defending the Claim which could be anticipated but for the settlement. 

“Receivables Facility” means a Receivables Lending Facility or a Receivables Purchase Facility. 

“Receivables Lending Facility” means one or more credit, loan or similar facilities established by the Lessee, the obligations
under which are secured by accounts receivable of the Lessee and its Subsidiaries. 
 “Receivables Purchase Facility”
means one or more facilities established by the Lessee under which the Lessee and its Subsidiaries may sell accounts receivable, on a non-recourse basis, to one or more financial institutions or special purpose entities. 

“Register” shall have the meaning given to such term in Section 9.9(a) of the Mortgage Note Loan Agreement.

 “Regulation D” shall mean Regulation D of the Board, as the same may be modified and supplemented and in effect
from time to time. 
 “Regulation T” shall mean Regulation T of the Board, as the same may be modified and
supplemented and in effect from time to time. 
  

 Appendix A - 28 

 “Regulation U” shall mean Regulation U of the Board, as the same may be modified
and supplemented and in effect from time to time. 
 “Regulation X” shall mean Regulation X of the Board, as the same
may be modified and supplemented and in effect from time to time. 
 “Release” shall mean any release, pumping,
pouring, emptying, injecting, escaping, leaching, dumping, seepage, spill, leak, flow, discharge, disposal or emission of a Hazardous Substance. 

“Rent” shall mean, collectively, the Basic Rent and the Supplemental Rent, in each case payable under the Lease. 

“Reportable Event” shall have the meaning specified in Section 4043 of ERISA. 

“Requested Funds” shall mean any funds requested by the Lessee in accordance with Section 5 of the Participation
Agreement. 
 “Requisition” shall have the meaning specified in Section 4.2 of the Participation
Agreement. 
 “Responsible Officer” shall mean the Chairman or Vice Chairman of the Board of Directors, the Chief
Executive Officer, the President, any Senior Vice President or Executive Vice President, any Vice President, the Secretary, any Assistant Secretary, the Treasurer, or any Assistant Treasurer. 

“Restricted Payment” means (a) any dividend or other distribution (whether in cash, securities or other property) with
respect to any shares of stock or other equity interests in the Lessee, or any payment (whether in cash, securities or other property), on account of the purchase, redemption, retirement, acquisition, cancelation or termination of any shares of
stock or other equity interests in the Lessee. 
 “Revolver Loans” means the loans made by the Revolving Credit
Lenders to the Lessee pursuant to the Lessee Credit Agreement. 
 “Revolving Credit Lenders” means, collectively, the
parties to the Lessee Credit Agreement from time to time referenced therein as “Lenders”. 
 “Rule 144A”
shall mean Rule 144A of the Securities Act. 
 “S&P” shall mean Standard and Poor’s Rating Group, a division
of The McGraw-Hill Companies, Inc. 
 “Sale Date” shall have the meaning given to such term in
Section 20.3(a) of the Lease. 
 “Sale Notice” shall mean a notice given to the Agent in connection with
the election by the Lessee of its Sale Option. 
 “Sale Option” shall have the meaning given to such term in
Section 20.1 of the Lease. 
 “Sale Proceeds Shortfall” shall mean the amount by which the proceeds of a
sale described in Section 22.1 of the Lease are less than the Limited Recourse Amount with respect to the Property if it has been determined that the Fair Market Sales Value of the Property at the expiration of the term of the Lease has
been impaired by greater than ordinary wear and tear during the Term of the Lease. 
  

 Appendix A - 29 

 “Scheduled Interest Payment Date” shall mean (a) as to any Eurodollar
Financing, the last day of the Interest Period applicable to such Eurodollar Financing, (b) as to any ABR Financing, the first day of each month (provided, the first Scheduled Interest Payment Date pursuant to this clause (b) shall
be August 1, 2010), unless such day is not a Business Day and in such case on the next occurring Business Day and (c) as to all Financings, the date of any voluntary or involuntary payment, prepayment, return or redemption, and the
Maturity Date or the Expiration Date, as the case may be. 
 “Second Priority Liens” shall have the meaning given to
such term in Section 3.1 of the Intercreditor Agreement. 
 “Secured Parties” shall have the meaning given
to such term in the Security Agreement. 
 “Securities Act” shall mean the Securities Act of 1933, as amended,
together with the rules and regulations promulgated thereunder. 
 “Securitization Transaction” means any transfer by
the Lessee or any Subsidiary of accounts receivable or interests therein, in a “true sale” transaction, (a) to a trust, partnership, corporation or other entity, which transfer is funded by the incurrence or issuance by the transferee
or any successor transferee of indebtedness or other securities that are to receive payments from, or that represent interests in, the cash flow derived from such accounts receivable or interests therein, or (b) directly to one or more
investors or other purchasers. The “amount” or “principal amount” of any Securitization Transaction shall be deemed at any time to be the aggregate principal or stated amount of the Indebtedness or other securities referred to in
such clause or, if there shall be no such principal or stated amount, the uncollected amount of the accounts receivable or interests therein transferred pursuant to such Securitization Transaction net of any such accounts receivable or interests
therein that have been written off as uncollectible. 
 “Security Agreement” shall mean the Amended and Restated
Security Agreement dated as of the Closing Date between the Borrower and the Agent, for the benefit of the Secured Parties, and accepted and agreed to by the Lessee. 

“Security Assets” shall have the meaning given to such term in Section 2 of the Security Agreement. 

“Security Documents” shall mean the collective reference to the Security Agreement, the Mortgage Instruments, the Lease (to the
extent the Lease is construed as a security instrument), the UCC Financing Statements and all other security documents hereafter delivered to the Agent granting a Lien on any asset or assets of any Person to secure the obligations and liabilities of
the Borrower under the Credit Note Loan Agreement, the Mortgage Note Loan Agreement and/or under any of the other Credit Documents or the obligations and liabilities of the Lessee under the Lease and/or under the other Operative Agreements.

 “Security Right” shall have the meaning given to such term in Section 7.1(b) of the Lease. 

“Senior Secured Party” shall have the meaning given to such term in Section 1.1 of the Intercreditor Agreement.

 “Soft Costs” shall mean all costs which are ordinarily and reasonably incurred in relation to the acquisition of
the Property by the Lessor, including without limitation structuring fees, administrative fees, legal fees, upfront fees, fees and expenses related to appraisals, title examinations, title insurance, document recordation, surveys, environmental site
assessments, geotechnical soil investigations and 
  

 Appendix A - 30 

 
similar costs and professional fees customarily associated with a real estate closing, the fees and expenses of the Lessor payable or reimbursable under the Operative Agreements and costs and
expenses incurred pursuant to Sections 7.3(a) and 7.3(b) of the Participation Agreement. 
 “Specified
Collateral” shall have the meaning given to such term in Section 7.1(b) of the Lease. 
 “subsidiary”
means, with respect to any Person (the “parent”) at any date, any corporation, limited liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s
consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other entity (a) of which securities
or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held,
or (b) that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. 

“Subsidiary” means any subsidiary of the Lessee. 

“Supplemental Amounts” shall have the meaning given to such term in Section 9.18 of the Credit Note Loan Agreement
or Section 9.18 of the Mortgage Note Loan Agreement, respectively. 
 “Supplemental Rent” shall mean all
amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Agent, the Primary Financing Parties or any other Person under the Lease or under any of the other Operative Agreements
including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations. 

“Tax Affiliate” means, with respect to any corporate Person, any member of an affiliated group (within the meaning of
Section 1504(a) of the Code or any similar provision of state or local law) in which such Person is a member, “former Tax Affiliate” means, with respect to any corporate Person, any other Person that had been but is not currently
affiliated (within the meaning of Section 1504(a) of the Code or any similar provision of state or local law) with such Person, with respect to the period of their affiliation. 

“Taxes” means any and all present or future taxes, levies, imposts, duties, deductions, charges or withholdings imposed by any
Governmental Authority. 
 “Term” shall mean the Basic Term. 

“Termination Date” shall have the meaning specified in Section 16.2(a) of the Lease. 

“Termination Event” shall mean (a) with respect to any Pension Plan, the occurrence of a Reportable Event or an event
described in Section 4062(e) of ERISA, (b) the withdrawal of the Lessee or any ERISA Affiliate from a Multiple Employer Plan during a plan year in which it was a substantial employer (as such term is defined in Section 4001(a)(2) of
ERISA), or the termination of a Multiple Employer Plan, (c) the distribution of a notice of intent to terminate a Plan or Multiemployer Plan pursuant to Section 4041(a)(2) or 4041A of ERISA, (d) the institution of proceedings to
terminate a Plan or Multiemployer Plan by the PBGC under Section 4042 of ERISA, (e) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to
administer, any Plan or Multiemployer Plan, or (f) the complete or partial withdrawal of the Lessee or any ERISA Affiliate from a Multiemployer Plan. 
  

 Appendix A - 31 

 “Termination Notice” shall have the meaning specified in Section 16.1
of the Lease. 
 “Termination Value” shall mean the sum of (a) the outstanding aggregate principal amount of the
Credit Loans, plus (b) the outstanding aggregate principal amount of the Mortgage Loans, plus (c) the outstanding aggregate principal amount of the Lessor Advance, plus (d) any accrued and unpaid interest owing to
the Credit Lenders under the Credit Notes and the Mortgage Lenders under the Mortgage Notes and any accrued and unpaid Lessor Yield owning to the Lessor under the Operative Agreements, plus (e) any amounts payable pursuant to
Section 11.4 of the Participation Agreement, plus (f) to the extent the same is not duplicative of the amounts payable under clauses (a) through (e) above, all other Rent and other amounts then due and payable or
accrued under the Lease and/or under any other Operative Agreement (including without limitation amounts under Sections 11.1 and 11.2 of the Participation Agreement and all costs and expenses referred to in clause FIRST of
Section 22.2 of the Lease). 
 “Transaction Expenses” shall mean all Soft Costs and all other costs and
expenses incurred in connection with the preparation, execution and delivery of the Operative Agreements and the transactions contemplated by the Operative Agreements including without limitation all costs and expenses described in
Section 7 of the Participation Agreement and the following: 
 (a) the reasonable fees, out-of-pocket
expenses and disbursements of Moore & Van Allen PLLC and Holland & Knight LLP, as counsel to certain of the Financing Parties, and of counsel to the Lessee in negotiating the terms of the Operative Agreements and the other
transaction documents, preparing for the closings under, and rendering opinions in connection with, such transactions and in rendering other services customary for counsel representing parties to transactions of the types involved in the
transactions contemplated by the Operative Agreements, but excluding in all cases the fees, expenses and disbursements of counsel to any individual Credit Lender or Mortgage Lender; 

(b) the reasonable fees, out-of-pocket expenses and disbursements of accountants for the Lessee in connection with the
transaction contemplated by the Operative Agreements; 
 (c) any and all other reasonable fees, charges or other
amounts payable to the Primary Financing Parties, the Agent, or any broker which arises under any of the Operative Agreements; 

(d) any other reasonable fees, out-of-pocket expenses, disbursements or costs of any party to the Operative Agreements or
any of the other transaction documents; and 
 (e) any and all Taxes and fees incurred in recording or filing any
Operative Agreement or any other transaction document, any deed, declaration, mortgage, security agreement, notice or financing statement with any public office, registry or governmental agency in connection with the transactions contemplated by the
Operative Agreements. 
 “Transactions” means (a) the execution, delivery and performance by the Credit Parties
of the Operative Agreements to which any Credit Party, as applicable, is a party and (b) the extension of the Credit Loans, the Mortgage Loans and the Lessor Advances and the use of proceeds thereof as contemplated pursuant to
Section 1 of this Agreement. 
 “Tribunal” shall mean any state, commonwealth, federal, foreign,
territorial, or other court or government body, subdivision agency, department, commission, board, bureau or instrumentality of a governmental body. 
  

 Appendix A - 32 

 “Type” shall mean, as to any Financing, whether it is an ABR Financing or a
Eurodollar Financing. 
 “UCC Financing Statements” shall mean collectively the Primary Financing Party Financing
Statements and the Lessor Financing Statements. 
 “Unfunded Liability” shall mean, with respect to any Plan, at any
time, the amount (if any) by which (a) the present value of all accrued benefits under such Plan exceeds (b) the fair market value of all Plan assets allocable to such benefits, all determined as of the then most recent valuation date for
such Plan, but only to the extent that such excess represents a potential liability of the Lessee or any member of the Controlled Group to the PBGC or such Plan under Title IV of ERISA. 

“Uniform Commercial Code” and “UCC” shall mean the Uniform Commercial Code as in effect in any applicable
jurisdiction. 
 “U.S. Person” shall have the meaning specified in Section 11.2(e) of the Participation
Agreement. 
 “U.S. Taxes” shall have the meaning specified in Section 11.2(e) of the Participation
Agreement. 
 “USA Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to
Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107-56 (signed into law October 26, 2001)). 

“Wholly-Owned Entity” shall mean a Person all of the shares of capital stock or other ownership interest of which are owned by
a referent Person and/or one of such referent Person’s wholly-owned Subsidiaries or other wholly-owned entities. 

“Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 “Withholdings” shall
have the meaning specified in Section 11.2(e) of the Participation Agreement. 
  

 Appendix A - 33Second Amended and Restated Lease Agreement, dated as of June 30, 2010

 Exhibit 10.3 to 2010 10-Q 

 
  

SECOND AMENDED AND RESTATED LEASE AGREEMENT 

Dated as of June 30, 2010 

between 

WACHOVIA DEVELOPMENT CORPORATION, 

as Lessor 
 and

 CONVERGYS CORPORATION, 

as Lessee 
  

 
 This Second Amended and Restated Lease Agreement
is subject to a security interest in favor of Wells Fargo Bank, National Association, as the agent for the Primary Financing Parties and, respecting the Security Documents, as the agent for the Secured Parties (the “Agent”) under an
Amended and Restated Security Agreement dated as of June 30, 2010, between Wachovia Development Corporation, as the Borrower, and the Agent, as amended, modified, extended, supplemented, restated and/or replaced from time to time in accordance
with the applicable provisions thereof. This Second Amended and Restated Lease Agreement has been executed in several counterparts. To the extent, if any, that this Second Amended and Restated Lease Agreement constitutes chattel paper (as such term
is defined in the Uniform Commercial Code as in effect in any applicable jurisdiction), no security interest in this Second Amended and Restated Lease Agreement may be created through the transfer or possession of any counterpart other than the
original counterpart containing the receipt therefor executed by the Agent on the signature page hereof. 

 TABLE OF CONTENTS 

 

					
	 ARTICLE IA
	  		  	
	 1A.1    
	  	Amendment and Restatement	  	
	 ARTICLE I
	  		  	
	 1.1       
	  	Definitions	  	
	 1.2       
	  	Interpretation	  	2
	 ARTICLE II
	  		  	2
	 2.1       
	  	Property	  	2
	 2.2       
	  	Lease Term	  	2
	 2.3       
	  	Title	  	3
	 2.4       
	  	Lease Supplements	  	3
	 ARTICLE III
	  		  	3
	 3.1       
	  	Rent	  	3
	 3.2       
	  	Payment of Basic Rent	  	4
	 3.3       
	  	Supplemental Rent	  	4
	 3.4       
	  	Performance on a Non-Business Day	  	4
	 3.5       
	  	Rent Payment Provisions	  	5
	 3.6       
	  	Payment to Agent	  	5
	 ARTICLE IV
	  		  	5
	 4.1       
	  	Taxes; Utility Charges	  	5
	 ARTICLE V
	  		  	6
	 5.1       
	  	Quiet Enjoyment	  	6
	 5.2       
	  	[Reserved]	  	6
	 5.3       
	  	Assignment of Leases, Rents and Profits	  	6
	 ARTICLE VI
	  		  	6
	 6.1       
	  	Net Lease	  	6
	 6.2       
	  	No Termination or Abatement	  	7
	 ARTICLE VII
	  		  	8
	 7.1       
	  	Ownership of the Property	  	8
	 ARTICLE VIII
	  		  	9
	 8.1       
	  	Condition of the Property	  	9
	 8.2       
	  	Possession and Use of the Property	  	10
	 8.3       
	  	Integrated Property	  	11
	 ARTICLE IX
	  		  	12
	 9.1       
	  	Compliance With Legal Requirements, Insurance Requirements and Manufacturer’s Specifications and Standards	  	12
	 ARTICLE X
	  		  	12
	 10.1       
	  	Maintenance and Repair; Return	  	12
	 10.2       
	  	Environmental Inspection	  	14
	 ARTICLE XI
	  		  	14
	 11.1       
	  	Modifications	  	14
	 ARTICLE XII
	  		  	15
	 12.1       
	  	Warranty of Title	  	15
	 ARTICLE XIII
	  		  	16
	 13.1       
	  	Permitted Contests Other Than in Respect of Indemnities	  	16

  

 i 

					
	 13.2     
	 	Impositions, Utility Charges, Other Matters; Compliance with Legal Requirements	  	17
	 ARTICLE XIV
	 		  	17
	 14.1     
	 	Public Liability and Workers’ Compensation Insurance	  	17
	 14.2     
	 	Permanent Hazard and Other Insurance	  	18
	 14.3     
	 	Coverage	  	18
	 14.4     
	 	Additional Insurance Requirements	  	20
	 14.5     
	 	Policies	  	20
	 ARTICLE XV
	 		  	20
	 15.1     
	 	Casualty and Condemnation	  	20
	 15.2     
	 	Environmental Matters	  	22
	 15.3     
	 	Notice of Environmental Matters	  	23
	 ARTICLE XVI
	 		  	24
	 16.1     
	 	Termination Upon Certain Events	  	24
	 16.2     
	 	Procedures	  	24
	 ARTICLE XVII
	 		  	24
	 17.1     
	 	Lease Events of Default	  	24
	 17.2     
	 	Surrender of Possession	  	28
	 17.3A  
	 	Foreclosure	  	28
	 17.3     
	 	Reletting	  	28
	 17.4     
	 	Damages	  	29
	 17.5     
	 	Power of Sale	  	29
	 17.6     
	 	Final Liquidated Damages	  	30
	 17.7     
	 	Environmental Costs	  	30
	 17.8     
	 	Waiver of Certain Rights	  	31
	 17.9     
	 	Assignment of Rights Under Contracts	  	31
	 17.10   
	 	Remedies Cumulative	  	31
	 17.11   
	 	Limitation Regarding Certain Lease Events of Default	  	31
	 ARTICLE XVIII
	 		  	32
	 18.1     
	 	Lessor’s Right to Cure Lessee’s Lease Defaults	  	32
	 ARTICLE XIX
	 		  	32
	 19.1     
	 	Provisions Relating to Lessee’s Exercise of its Purchase Option	  	32
	 19.2     
	 	No Purchase or Termination With Respect to Less than All of the Property	  	33
	 ARTICLE XX
	 		  	33
	 20.1     
	 	Purchase Option or Sale Option-General Provisions	  	33
	 20.2     
	 	Lessee Purchase Option	  	34
	 20.3     
	 	Third Party Sale Option	  	35
	 ARTICLE XXI
	 		  	35
	 21.1     
	 	[Reserved]	  	35
	 ARTICLE XXII
	 		  	35
	 22.1     
	 	Sale Procedure	  	35
	 22.2     
	 	Application of Proceeds of Sale	  	38
	 22.3     
	 	Indemnity for Excessive Wear	  	38
	 22.4     
	 	Appraisal Procedure	  	38
	 22.5     
	 	Certain Obligations Continue	  	39
	 22.6     
	 	Post-Expiration Sales	  	39

  

 ii 

					
	 ARTICLE XXIII
	 		  	40
	 23.1     
	 	 Holding Over
	  	40
	 ARTICLE XXIV
	 		  	41
	 24.1     
	 	 Risk of Loss
	  	41
	 ARTICLE XXV
	 		  	41
	 25.1     
	 	 Assignment
	  	41
	 25.2     
	 	 Subleases
	  	41
	 ARTICLE XXVI
	 		  	42
	 26.1     
	 	 No Waiver
	  	42
	 ARTICLE XXVII
	 		  	43
	 27.1     
	 	 Acceptance of Surrender
	  	43
	 27.2     
	 	 No Merger of Title
	  	43
	 ARTICLE XXVIII
	 		  	43
	 28.1     
	 	 Limitations on Transfers By Lessor
	  	43
	 ARTICLE XXIX
	 		  	43
	 29.1     
	 	 Notices
	  	43
	 ARTICLE XXX
	 		  	44
	 30.1     
	 	 Miscellaneous
	  	44
	 30.2     
	 	 Amendments and Modifications
	  	44
	 30.3     
	 	 Successors and Assigns
	  	44
	 30.4     
	 	 Headings and Table of Contents
	  	44
	 30.5     
	 	 Counterparts
	  	44
	 30.6     
	 	 GOVERNING LAW
	  	44
	 30.7     
	 	 Calculation of Rent
	  	45
	 30.8     
	 	 Memoranda of Lease and Lease Supplements
	  	45
	 30.9     
	 	 Allocations among the Primary Financing Parties
	  	45
	 30.10    
	 	 Limitations on Recourse
	  	45
	 30.11    
	 	 WAIVERS OF JURY TRIAL
	  	46
	 30.12    
	 	 Exercise of Lessor Rights
	  	46
	 30.13    
	 	 SUBMISSION TO JURISDICTION; VENUE
	  	46
	 30.14    
	 	 USURY SAVINGS PROVISION
	  	46

  

 iii 

 EXHIBITS 
  

			
	EXHIBIT A -	  	Second Amended and Restated Lease Supplement No. 1
		
	EXHIBIT B -	  	Second Amended and Restated Open-End Mortgage, Assignment of Leases, Rents and Profits and Second Amended and Restated Memorandum of Lease and Lease Supplement No. 1 and Option

  

 iv 

 SECOND AMENDED AND RESTATED LEASE AGREEMENT 

THIS SECOND AMENDED AND RESTATED LEASE AGREEMENT dated as of June 30, 2010 (as amended, modified, extended, supplemented, restated
and/or replaced from time to time, this “Lease”) is between WACHOVIA DEVELOPMENT CORPORATION, a North Carolina corporation, having its principal office at 301 South College Street, Charlotte, Mecklenburg County, North Carolina
28288, as lessor (the “Lessor”), and CONVERGYS CORPORATION, an Ohio corporation, having its principal place of business at 201 East Fourth Street, Cincinnati, Hamilton County, Ohio, 45202, as lessee (the “Lessee”).

 W I T N E S S E T H: 

A. WHEREAS, Lessor and Lessee were previously parties to that certain Amended and Restated Lease Agreement dated as of June 30, 2003
(as previously amended, extended, supplemented, restated and/or replaced from time to time, the “Existing Lease”) providing for the lease of the Property. 

B. WHEREAS, Lessor and Lessee have entered into this Lease in order to renew the lease of the Property by means of amending and restating
the Existing Lease. 
 NOW, THEREFORE, in consideration of the foregoing, and of other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE IA 

1A.1 Amendment and Restatement. 

This Lease amends and restates in its entirety that certain Amended and Restated Lease Agreement dated as of June 30, 2003 (as
previously amended, modified, extended, supplemented, restated and/or replaced from time to time, the “Existing Lease”) between the Lessor and the Lessee. It is the intention of Lessor and Lessee that this Lease retain the original
priority of title of the Existing Lease; provided, notwithstanding the foregoing statement of intention, no Financing Party shall have any liability whatsoever if and to the extent this Lease fails to retain such priority. This Lease is not
intended to constitute a novation of the Existing Lease. 
 ARTICLE I 

1.1 Definitions. 

For purposes of this Lease, capitalized terms used in this Lease and not otherwise defined herein shall have the meanings assigned to them
in Appendix A to that certain Amended and 

 
Restated Participation Agreement dated as of June 30, 2010 (as amended, modified, extended, supplemented, restated and/or replaced from time to time in accordance with the applicable
provisions thereof, the “Participation Agreement”) among Lessee, the various entities which are parties thereto from time to time, as Guarantors, Lessor, the various banks and other lending institutions which are parties thereto
from time to time, as the Credit Lenders, the various banks and other lending institutions which are parties thereto from time to time, as the Mortgage Lenders, and Wells Fargo Bank, National Association, as agent for the Primary Financing Parties
and respecting the Security Documents, as the agent for the Secured Parties. Unless otherwise indicated, references in this Lease to articles, sections, paragraphs, clauses, appendices, schedules and exhibits are to the same contained in this Lease.

 1.2 Interpretation. 

The rules of usage set forth in Appendix A to the Participation Agreement shall apply to this Lease. 

ARTICLE II 

2.1 Property. 

Subject to the terms and conditions hereinafter set forth and contained in the respective Lease Supplement relating to the Property,
Lessor hereby leases to Lessee and Lessee hereby leases from Lessor, the Property. 
 2.2 Lease Term. 

The basic term of this Lease with respect to the Property (the “Basic Term”) shall begin upon the Closing Date (the
“Basic Term Commencement Date”) and shall end on the fifth annual anniversary of the Closing Date (the “Basic Term Expiration Date”), unless the Basic Term is earlier terminated in accordance with the provisions of
this Lease. 
 2.3 Title. 

Subject to the proviso to this sentence, the Property is leased to Lessee without any representation or warranty, express or implied, by
Lessor and subject to the rights of parties in possession (if any), the existing state of title (including without limitation the Permitted Liens) and all applicable Legal Requirements; provided, however, Lessor does warrant that the
Property shall be kept free and clear of Lessor Liens. Lessee shall in no event have any recourse against Lessor for any defect in Lessor’s title to the Property or any interest of Lessee therein other than for Lessor Liens. 

 

 2 

 2.4 Lease Supplements. 

On or prior to the Basic Term Commencement Date, Lessee and Lessor shall each execute and deliver a Lease Supplement for the Property to
be leased effective as of such Basic Term Commencement Date in substantially the form of Exhibit A hereto. 

ARTICLE III 

3.1 Rent. 

(a) Lessee shall pay Basic Rent (i) in arrears on each Payment Date, and (ii) on any date on which this Lease
shall terminate with respect to the Property during the Term. 
 (b) Basic Rent shall be due and payable in
lawful money of the United States and shall be paid by wire transfer of immediately available funds on the due date therefor (or within the applicable grace period) to such account or accounts at such bank or banks as Lessor shall from time to time
direct. 
 (c) Lessee’s inability or failure to take possession of all or any portion of the Property when
delivered by Lessor, whether or not attributable to any act or omission of Lessor, the Lessee or any other Person or for any other reason whatsoever, shall not delay or otherwise affect Lessee’s obligation to pay Rent for the Property in
accordance with the terms of this Lease. 
 (d) Lessee shall make all payments of Rent prior to 10:00 a.m.,
Charlotte, North Carolina time, on the applicable date for payment of such amount. 
 3.2 Payment of Basic Rent. 

 Basic Rent shall be paid absolutely net to Lessor or its designee, so that this Lease shall yield to Lessor the full amount
thereof, without setoff, deduction or reduction. 
 3.3 Supplemental Rent. 

Lessee shall pay to the Person entitled thereto any and all Supplemental Rent when and as the same shall become due and payable, and if
Lessee fails to pay any Supplemental Rent within the applicable grace periods for the payment of Supplemental Rent provided in Sections 17.1(a) and (b), Lessor shall have all rights, powers and remedies provided for herein or by
law or equity or otherwise in the case of nonpayment of Basic Rent. All such payments of Supplemental Rent shall be in the full amount thereof, without setoff, deduction or reduction. Lessee shall pay to the appropriate Person, as Supplemental Rent
due and owing to such Person, among other things, on demand, (a) any and all payment obligations (except for amounts payable as Basic Rent) owing from time to time under the Operative Agreements by any Person to the Agent, any Credit Lender,
any Mortgage Lender, the Lessor or any other Person, (b) interest at 
  

 3 

 
the applicable Overdue Rate on any installment of Basic Rent not paid when due (subject to the applicable grace period) for the period for which the same shall be overdue and on any payment of
Supplemental Rent not paid when due or demanded by the appropriate Person (subject to any applicable grace period) for the period from the due date or the date of any such demand, as the case may be, until the same shall be paid and (c) amounts
referenced as Supplemental Rent obligations pursuant to Section 8.3 of the Participation Agreement. It shall be an additional Supplemental Rent obligation of Lessee to pay to the appropriate Person all rent and other amounts when such
become due and owing from time to time under each Ground Lease (without regard to whether such payment obligations are stated to be obligations of the landlord or the tenant thereunder) and without the necessity of any notice from Lessor with regard
thereto. The expiration or other termination of Lessee’s obligations to pay Basic Rent hereunder shall not limit or modify the obligations of Lessee with respect to Supplemental Rent. Unless expressly provided otherwise in this Lease, in the
event of any failure on the part of Lessee to pay and discharge any Supplemental Rent as and when due, Lessee shall also promptly pay and discharge any fine, penalty, interest or cost which may be assessed or added for nonpayment or late payment of
such Supplemental Rent, all of which shall also constitute Supplemental Rent. 
 3.4 Performance on a Non-Business
Day. 
 If any Basic Rent is required hereunder on a day that is not a Business Day, then such Basic Rent shall be due on
the corresponding Scheduled Interest Payment Date. If any Supplemental Rent is required hereunder on a day that is not a Business Day, then such Supplemental Rent shall be due on the next succeeding Business Day. 

3.5 Rent Payment Provisions. 

Lessee shall make payment of all Basic Rent and Supplemental Rent when due (subject to the applicable grace periods) regardless of whether
any of the Operative Agreements pursuant to which same is calculated and is owing shall have been rejected, avoided or disavowed in any bankruptcy or insolvency proceeding involving any of the parties to any of the Operative Agreements. Such
provisions of such Operative Agreements and their related definitions are incorporated herein by reference and shall survive any termination, amendment or rejection of any such Operative Agreements. 

3.6 Payment to Agent. 

The Lessor hereby instructs the Lessee, and the Lessee hereby acknowledges and agrees, that until such time as the Notes and the Lessor
Advance are paid in full and the Liens evidenced by the Security Documents (including the Security Agreement and the Mortgage Instruments) have been released (i) any and all Rent (excluding Excepted Payments) and any and all other amounts of
any kind or type under this Lease due and owing or payable to any Person shall instead be paid directly to the Agent (excluding Excepted Payments) or as the Agent may direct from time to time for allocation and distribution in accordance with the
procedures set forth in Section 8.7 of the Participation Agreement and the Intercreditor Agreement. 
  

 4 

 ARTICLE IV 

4.1 Taxes; Utility Charges. 

Subject to Lessee’s right to contest (as provided in Section 13.1) an Imposition, utility charge or other similar amount
referenced in this Section 4.1, Lessee shall pay or cause to be paid all Impositions with respect to the Property and/or the use, occupancy, operation, repair, access, maintenance or operation thereof and all charges for electricity,
power, gas, oil, water, telephone, sanitary sewer service and all other rents, utilities and operating expenses of any kind or type used in or on the Property and related real property during the Term. Upon Lessor’s request, Lessee shall
provide from time to time Lessor with evidence of all such payments referenced in the foregoing sentence. Lessee shall be entitled to receive any credit or refund with respect to any Imposition or utility charge paid by Lessee. Unless an Event of
Default shall have occurred and be continuing, the amount of any credit or refund received by Lessor on account of any Imposition or utility charge paid by Lessee, net of the costs and expenses incurred by Lessor in obtaining such credit or refund,
shall be promptly paid over to Lessee. All charges for Impositions or utilities imposed with respect to the Property for a period during which this Lease expires or terminates shall be adjusted and prorated on a daily basis between Lessor and
Lessee, and each party shall pay or reimburse the other for such party’s pro rata share thereof. 
 ARTICLE V

 5.1 Quiet Enjoyment. 

Subject to the rights of Lessor contained in Sections 17.2, 17.3 and 20.3 and the other terms of this Lease and
the other Operative Agreements and so long as no Lease Event of Default shall have occurred and be continuing, Lessee shall peaceably and quietly have, hold and enjoy the Property for the applicable Term, free of any claim or other action by Lessor
or anyone rightfully claiming by, through or under Lessor (other than Lessee) with respect to any matters arising from and after the applicable Basic Term Commencement Date. 

5.2 [Reserved]. 

5.3 Assignment of Leases, Rents and Profits. 

(a) Lessee hereby immediately and absolutely sells, assigns, transfers, and sets over unto Lessor, its successors and
assigns, the rights, interests and privileges which Lessee may have as lessor in any and all leases now existing or hereafter made that affect the Property. So long as no Lease Event of Default exists, Lessee shall have the right under a license
granted hereby to collect all rents and profits from the leases. 
 (b) With respect to the assignment of the
leases and agreements affecting the Property and the rents and profits, Lessor shall not be obligated to perform or discharge any obligation or duty to be performed or discharged by Lessee under any of the leases or agreements assigned under this
Lease. Lessee hereby agrees to indemnify Lessor and the 
  

 5 

 
other Financing Parties for, and to save them harmless from, any and all liability arising from any such agreements or from such assignment. Such assignment shall not place responsibility for the
control, care, management or repair of the Property upon Lessor, or make Lessor responsible or liable for any negligence in the management, operation, upkeep, repair or control of the Property resulting in loss or injury or death to any tenant,
licensee, employee or stranger. 
 ARTICLE VI 

6.1 Net Lease. 

This Lease shall constitute a net lease, and the obligations of Lessee hereunder are absolute and unconditional. Lessee shall pay all
operating expenses arising out of the use, operation and/or occupancy of the Property. Any present or future law to the contrary notwithstanding, this Lease shall not terminate, nor shall Lessee be entitled to any abatement, suspension, deferment,
reduction, setoff, counterclaim, or defense with respect to the Rent, nor shall the obligations of Lessee hereunder be affected (except as expressly herein permitted and by performance of the obligations in connection therewith) for any reason
whatsoever, including without limitation by reason of: (a) any damage to or destruction of the Property or any part thereof; (b) any taking of the Property or any part thereof or interest therein by Condemnation or otherwise; (c) any
prohibition, limitation, restriction or prevention of Lessee’s use, occupancy or enjoyment of the Property or any part thereof, or any interference with such use, occupancy or enjoyment by any Person or for any other reason; (d) any title
defect, Lien or any matter affecting title to the Property; (e) any eviction by paramount title or otherwise; (f) any default by Lessor hereunder; (g) any action for bankruptcy, insolvency, reorganization, liquidation, receivership,
dissolution or other proceeding relating to or affecting the Agent, any Credit Lender, the Lessor, the Lessee or any Governmental Authority; (h) the impossibility or illegality of performance by Lessor, Lessee or both; (i) any action of
any Governmental Authority or any other Person; (j) Lessee’s acquisition of ownership of all or part of the Property; (k) breach of any warranty or representation with respect to the Property or any Operative Agreement; (l) any
defect in the condition, quality or fitness for use of the Property or any part thereof; or (m) any other cause or circumstance whether similar or dissimilar to the foregoing and whether or not Lessee shall have notice or knowledge of any of
the foregoing. The parties intend that the obligations of Lessee hereunder shall be covenants, agreements and obligations that are separate and independent from any obligations of Lessor hereunder and shall continue unaffected unless such covenants,
agreements and obligations shall have been modified or terminated in accordance with an express provision of this Lease. Lessor and Lessee acknowledge and agree that the provisions of this Section 6.1 have been specifically reviewed and
subjected to negotiation. 
 6.2 No Termination or Abatement. 

Lessee shall remain obligated under this Lease in accordance with its terms and shall not take any action to terminate, rescind or avoid
this Lease, notwithstanding any action for bankruptcy, insolvency, reorganization, liquidation, dissolution, or other proceeding affecting 

 

 6 

 
any Person or any Governmental Authority, or any action with respect to this Lease or any Operative Agreement which may be taken by any trustee, receiver or liquidator of any Person or any
Governmental Authority or by any court with respect to any Person, or any Governmental Authority. Lessee hereby waives all right (a) to terminate or surrender this Lease (except as permitted under the terms of the Operative Agreements) or
(b) to avail itself of any abatement, suspension, deferment, reduction, setoff, counterclaim or defense with respect to any Rent. Lessee shall remain obligated under this Lease in accordance with its terms and Lessee hereby waives any and all
rights now or hereafter conferred by statute or otherwise to modify or to avoid strict compliance with its obligations under this Lease. Notwithstanding any such statute or otherwise, Lessee shall be bound by all of the terms and conditions
contained in this Lease. 
 ARTICLE VII 

7.1 Ownership of the Property. 

(a) Lessor and Lessee intend that (i) for financial accounting purposes with respect to Lessee (A) this Lease
will be treated as an “operating lease” pursuant to Statement of Financial Accounting Standards No. 13, as amended, (B) Lessor will be treated as the owner and lessor of the Property and (C) Lessee will be treated as the
lessee of the Property, but (ii) for federal and all state and local income tax purposes, bankruptcy purposes, regulatory purposes, commercial law and real estate purposes and all other purposes (A) this Lease will be treated as a
financing arrangement and (B) Lessee will be treated as the owner of the Property and will be entitled to all tax benefits ordinarily available to owners of property similar to the Property for such tax purposes. Notwithstanding the foregoing,
neither party hereto has made, or shall be deemed to have made, any representation or warranty as to the availability of any of the foregoing treatments under applicable accounting rules, tax, bankruptcy, regulatory, commercial or real estate law or
under any other set of rules. Lessee shall claim the cost recovery deductions associated with the Property, and Lessor shall not, to the extent not prohibited by Law, take on its tax return a position inconsistent with Lessee’s claim of such
deductions. 
 (b) For all purposes described in Section 7.1(a) except for financial accounting
purposes, Lessor and Lessee intend this Lease to constitute a finance lease and not a true lease. In order to secure the obligations of Lessee now existing or hereafter arising under any and all Operative Agreements, pursuant hereto and to the Lease
Supplements, Lessee hereby conveys, grants, assigns, transfers, hypothecates, mortgages and sets over to Lessor a first priority security interest in and lien (but subject to the security interest and lien in the assets granted by Lessee in favor of
the Agent in accordance with the Security Documents) on all right, title and interest of Lessee (now owned or hereafter acquired) in and to the Property to the extent such is personal property and does hereby irrevocably MORTGAGE, GRANT, BARGAIN,
SELL, ALIEN, REMISE, RELEASE, CONFIRM AND CONVEY to Lessor a lien and mortgage (but subject to the lien and mortgage in the assets granted by Lessee in favor of the Agent in accordance with the Security Documents) on all right, title and interest of
Lessee (now 
  

 7 

 
owned or hereafter acquired) in and to the Property to the extent such is a real property. The security interest, lien and mortgage in the assets granted by Lessee in favor of Lessor are hereby
assigned by Lessor to the Agent, for the benefit of all Financing Parties, and/or are subject to additional security interests, liens and mortgages granted by Lessor to the Agent, for the benefit of all Financing Parties. Lessor and Lessee further
intend and agree that, for the purpose of securing the obligations of Lessee now existing or hereafter arising under the Operative Agreements, (i) this Lease shall be a security agreement and financing statement within the meaning of
Article 9 of the Uniform Commercial Code respecting the Property and all proceeds (including without limitation insurance proceeds thereof) to the extent such is personal property and an irrevocable grant and conveyance of a lien and mortgage
on the Property and all proceeds (including without limitation insurance proceeds thereof) to the extent such is real property; (ii) the acquisition of title by Lessor (or to the extent applicable, a leasehold interest pursuant to a Ground
Lease) in the Property referenced in Article II constitutes a grant by Lessee to Lessor of a security interest, lien and mortgage in all of Lessee’s right, title and interest in and to the Property and all proceeds (including
without limitation insurance proceeds thereof) of the conversion, voluntary or involuntary, of the foregoing into cash, investments, securities or other property, whether in the form of cash, investments, securities or other property, and an
assignment of all rents, profits and income produced by the Property; and (iii) notifications to Persons holding such property, and acknowledgments, receipts or confirmations from financial intermediaries, bankers or agents (as applicable) of
Lessee shall be deemed to have been given for the purpose of perfecting such lien, security interest and mortgage lien under applicable law. Lessee shall promptly take such actions as Lessor may reasonably request (including without limitation the
filing of Uniform Commercial Code Financing Statements, Uniform Commercial Code Fixture Filings and memoranda (or short forms) of this Lease and the various Lease Supplements) to ensure that the lien, security interest, lien and mortgage lien in the
Property and the other items referenced above will be deemed to be a perfected lien, security interest and mortgage lien of first priority under applicable law and will be maintained as such throughout the Term. The security agreements, financing
statements, liens, security interests, deeds of trust and mortgages provided in clauses (i), (ii) and (iii) hereof shall be individually defined as the “Security Right”, and individual collateral secured by the corresponding
Security Right as provided in clauses (i), (ii) and (iii) hereof shall be defined herein as the “Specified Collateral”. 

(c) In the event that Lessee’s interest in the Property as provided in this Lease is recharacterized by a court of
competent jurisdiction, and last resort in the case of an appeal, as a fee interest subject to a grant of an equitable mortgage by Lessee or as a financing instrument provided in favor of Lessee or otherwise, and not as a leasehold estate in
substantial conformity with the terms and conditions contained in this Lease, then Lessee and Lessor agree that this Lease shall constitute a Security Right with respect to the applicable Specified Collateral provided in clauses (i), (ii) and
(iii) of Section 7.1(b) and shall be enforceable in accordance with the terms and conditions contained in this Lease to the extent that such terms and conditions may be enforceable pursuant to the determination of such court of
competent jurisdiction. Lessor and Lessee further agree that the provisions of this Section 7.1 are for the benefit of, and may be enforceable by Lessor, Lessee and each of the Financing Parties. 

 

 8 

 ARTICLE VIII 

8.1 Condition of the Property. 

LESSEE ACKNOWLEDGES AND AGREES THAT IT IS LEASING THE PROPERTY “AS-IS WHERE-IS” WITHOUT REPRESENTATION, WARRANTY OR COVENANT
(EXPRESS OR IMPLIED) BY LESSOR (EXCEPT THAT LESSOR SHALL KEEP THE PROPERTY FREE AND CLEAR OF LESSOR LIENS) AND IN EACH CASE SUBJECT TO (A) THE EXISTING STATE OF TITLE, (B) THE RIGHTS OF ANY PARTIES IN POSSESSION THEREOF (IF ANY),
(C) ANY STATE OF FACTS REGARDING ITS PHYSICAL CONDITION OR WHICH AN ACCURATE SURVEY MIGHT SHOW, (D) ALL APPLICABLE LEGAL REQUIREMENTS AND (E) VIOLATIONS OF LEGAL REQUIREMENTS WHICH MAY EXIST ON THE DATE HEREOF AND/OR THE DATE OF THE
APPLICABLE LEASE SUPPLEMENT. NEITHER LESSOR NOR THE AGENT NOR ANY OTHER PRIMARY FINANCING PARTY HAS MADE OR SHALL BE DEEMED TO HAVE MADE ANY REPRESENTATION, WARRANTY OR COVENANT (EXPRESS OR IMPLIED) (EXCEPT THAT LESSOR SHALL KEEP THE PROPERTY FREE
AND CLEAR OF LESSOR LIENS AND, SUBJECT TO THE TERMS AND CONDITIONS HEREOF, WILL CAUSE THE PROPERTY TO BE CONVEYED FREE AND CLEAR OF LESSOR LIENS) OR SHALL BE DEEMED TO HAVE ANY LIABILITY WHATSOEVER AS TO THE TITLE, VALUE, HABITABILITY, USE,
CONDITION, DESIGN, OPERATION, MERCHANTABILITY OR FITNESS FOR USE OF THE PROPERTY (OR ANY PART THEREOF), OR ANY OTHER REPRESENTATION, WARRANTY OR COVENANT WHATSOEVER, EXPRESS OR IMPLIED, WITH RESPECT TO THE PROPERTY (OR ANY PART THEREOF), AND NEITHER
LESSOR NOR THE AGENT NOR ANY OTHER PRIMARY FINANCING PARTY SHALL BE LIABLE FOR ANY LATENT, HIDDEN, OR PATENT DEFECT THEREON OR THE FAILURE OF THE PROPERTY, OR ANY PART THEREOF, TO COMPLY WITH ANY LEGAL REQUIREMENT. LESSEE HAS OR PRIOR TO THE BASIC
TERM COMMENCEMENT DATE WILL HAVE BEEN AFFORDED FULL OPPORTUNITY TO INSPECT THE PROPERTY AND THE IMPROVEMENTS THEREON (IF ANY), IS OR WILL BE (INSOFAR AS LESSOR, THE AGENT AND EACH OTHER PRIMARY FINANCING PARTY ARE CONCERNED) SATISFIED WITH THE
RESULTS OF ITS INSPECTIONS AND IS ENTERING INTO THIS LEASE SOLELY ON THE BASIS OF THE RESULTS OF ITS OWN INSPECTIONS, AND ALL RISKS INCIDENT TO THE MATTERS DESCRIBED IN THE PRECEDING SENTENCE, AS BETWEEN LESSOR, THE AGENT AND THE OTHER PRIMARY
FINANCING PARTIES, ON THE ONE HAND, AND LESSEE, ON THE OTHER HAND, ARE TO BE BORNE BY LESSEE. 
 8.2 Possession and Use of
the Property. 
 (a) At all times during the Term with respect to the Property, the Property shall be a
Permitted Facility and shall be used by Lessee in the ordinary course of its 
  

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business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Property as contemplated by this Lease. Lessee shall not commit or permit any
waste of the Property or any part thereof. 
 (b) The address stated in Section 12.2 of the
Participation Agreement is the principal place of business and chief executive office of Lessee and the location of its jurisdiction of organization (as such terms are used in the Uniform Commercial Code of any applicable jurisdiction), and Lessee
will provide Lessor with prior written notice of any change of location of its principal place of business or chief executive office or the location of its jurisdiction of organization. Regarding the Property, the Lease Supplement correctly
identifies the Improvements and contains an accurate legal description for the related parcel of Land and/or a copy of the Ground Lease. 

(c) Lessee will not attach or incorporate any item of equipment to or in any other item of equipment or personal property
or to or in any real property in a manner that could give rise to the assertion of any Lien on such item of equipment by reason of such attachment or the assertion of a claim that such item of equipment has become a fixture and is subject to a Lien
in favor of a third party that is prior to the Liens thereon created by the Operative Agreements. 
 (d) On the
Basic Term Commencement Date, Lessor and Lessee shall execute a Lease Supplement in regard to the Property which shall contain an Improvement Schedule that has a general description of the Improvements which shall comprise a part of the Property and
a legal description of the Land to be leased hereunder (or in the case of any portion of the Property subject to a Ground Lease to be subleased hereunder) as of such date. Any portion of the Property subject to a Ground Lease shall be deemed to be
ground subleased from Lessor to Lessee as of the effective date of the applicable Ground Lease, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof.
Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of the Lease Supplement, such Improvements, Land, ground subleasehold interest and all additional Improvements
which are financed under the Operative Agreements after the Basic Term Commencement Date and the remainder of the Property shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease. 

(e) At all times during the Term with respect to the Property, Lessee will comply with all obligations under and (to the
extent no Event of Default exists and provided that such exercise will not impair the value, utility or remaining useful life of the Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and
related or similar agreements applicable to the Property. 
 8.3 Integrated Property. 

On the Rent Commencement Date, Lessee shall, at its sole cost and expense, cause the Property and the applicable property subject to a
Ground Lease to constitute (and for the duration 
  

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of the Term shall continue to constitute) all of the equipment, facilities, rights, other personal property and other real property necessary or appropriate to operate, utilize, maintain and
control a Permitted Facility in a commercially reasonable manner. 
 ARTICLE IX 

9.1 Compliance With Legal Requirements, Insurance Requirements and Manufacturer’s Specifications and Standards.

 Subject to the terms of Article XIII relating to permitted contests, Lessee, at its sole cost and expense, shall
(a) comply with all applicable Legal Requirements (including without limitation all Environmental Laws) and all Insurance Requirements relating to the Property, (b) procure, maintain and comply with all licenses, permits, orders,
approvals, consents and other authorizations required for the acquisition, installation, testing, use, development, construction, operation, maintenance, repair, refurbishment and restoration of the Property and (c) comply with all
manufacturer’s specifications and standards, including without limitation the acquisition, installation, testing, use, development, construction, operation, maintenance, repair, refurbishment and restoration of the Property, whether or not
compliance therewith shall require structural or extraordinary changes in the Property or interfere with the use and enjoyment of the Property, unless the failure to procure, maintain and comply with such items identified in subparagraphs
(b) and (c), individually or in the aggregate, shall not have and could not reasonably be expected to have a Material Adverse Effect. Lessor agrees to take such actions as may be reasonably requested by Lessee in connection with the compliance
by Lessee of its obligations under this Section 9.1. Lessor agrees to use commercially reasonable efforts to assist Lessee with Lessee’s obligation to comply with this Section 9.1; provided, however, Lessee
shall give Lessor and the Agent reasonable advance notice of any action which Lessor is requested to take regarding compliance with this Section 9.1, Lessee shall pay any and all reasonable out-of-pocket fees and expenses incurred by
Lessor in connection therewith and in no event shall such action on the part of Lessor create any additional risk for any Financing Party (as reasonably determined by the Agent). 

ARTICLE X 

10.1 Maintenance and Repair; Return. 

(a) Lessee, at its sole cost and expense, shall maintain the Property in good condition, repair and working order
(ordinary wear and tear excepted) and in the repair and condition as when originally delivered to Lessor and make all necessary repairs thereto and replacements thereof, of every kind and nature whatsoever, whether interior or exterior, ordinary or
extraordinary, structural or nonstructural or foreseen or unforeseen, in each case as required by Section 9.1 and on a basis consistent with the operation and maintenance of properties or equipment comparable in type and function to the
Property, such that the Property is capable of being immediately utilized by a third party and in compliance with standard industry practice subject, however, to the provisions of Article XV with respect to Casualty and Condemnation.

  

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 (b) Lessee shall not move or relocate any component of the Property beyond
the boundaries of the Land (comprising part of the Property) described in the Lease Supplement, except for the temporary removal of equipment and other personal property for repair or replacement and except for the removal of non-essential items of
equipment or other personal property from the Property undertaken in the ordinary course of business of Lessee so long as the aggregate cost of all such items so removed shall not exceed the sum of $250,000 in the aggregate (whether any such item is
removed at a single point in time or whether multiple items are removed from time to time) as otherwise permitted with respect to Modifications or pursuant to Section 10.1(c). 

(c) If Lessee wishes for whatever reason to replace any component of the Property or any component of the Property becomes
worn out, lost, destroyed, damaged beyond repair or otherwise permanently rendered unfit for use, Lessee, at its own expense, will within a reasonable time replace such component with a replacement component which is free and clear of all Liens
(other than Permitted Liens and Lessor Liens) and has a value, utility and useful life at least equal to the component replaced (assuming the component replaced had been maintained and repaired in accordance with the requirements of this Lease). All
components which are added to the Property shall immediately become the property of (and title thereto shall vest in) Lessor and shall be deemed incorporated in the Property and subject to the terms of this Lease as if originally leased hereunder.
Regarding each component which is added to the Property as referenced in this Section 10.1(c), Lessee shall cause a bill of sale (in form and substance reasonably satisfactory to the Agent) to be delivered in favor of Lessor and such
title affidavits and other documents as may be reasonably requested by any title insurance underwriter issuing title insurance in connection with the purchase of such interest by Lessee. All components which are replaced shall immediately become the
property of (and title thereto shall vest in) Lessee and shall be deemed separated from the Property and no longer subject to the terms of this Lease. Regarding each component which is removed from the Property as referenced in this
Section 10.1(c), Lessor shall cause a bill of sale to be delivered in favor of Lessee in accordance with the requirements of Section 20.2(b) and, to the extent the following are agreed to by the Agent in its reasonable
discretion, such title affidavits and other documents as may be reasonably requested by any title insurance underwriter issuing title insurance in connection with the acquisition of such component by Lessee. 

(d) Upon reasonable advance notice, Lessor and its agents shall have the right to inspect the Property and all maintenance
records with respect thereto at any reasonable time during normal business hours but shall not, in the absence of an Event of Default, materially disrupt the business of Lessee. 

(e) Lessee shall cause to be delivered to Lessor (at Lessee’s sole expense) one or more additional Appraisals (or
reappraisals of the Property) as Lessor may request if any one of Lessor, the Agent, any Credit Lender or any Mortgage Lender is required pursuant to any applicable Legal Requirement to obtain such Appraisals (or reappraisals) and upon the
occurrence of any Event of Default. 
  

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 (f) Lessor shall under no circumstances be required to build any
improvements or install any equipment on the Property, make any repairs, replacements, alterations or renewals of any nature or description to the Property, make any expenditure whatsoever in connection with this Lease or maintain the Property in
any way. Lessor shall not be required to maintain, repair or rebuild all or any part of the Property, and Lessee waives the right to (i) require Lessor to maintain, repair, or rebuild all or any part of the Property, or (ii) make repairs
at the expense of Lessor pursuant to any Legal Requirement, Insurance Requirement, contract, agreement, covenant, condition or restriction at any time in effect. 

(g) Lessee shall, upon the expiration or earlier termination of this Lease with respect to the Property, if Lessee shall
not have exercised its Purchase Option with respect to the Property and purchased the Property, surrender the Property (i) pursuant to the exercise of the applicable remedies upon the occurrence of a Lease Event of Default, to Lessor or
(ii) pursuant to the second paragraph of Section 22.1(a) or Section 22.6 hereof, to Lessor or the third party purchaser, as the case may be, subject to Lessee’s obligations under this Lease (including without
limitation the obligations of Lessee at the time of such surrender under Sections 9.1, 10.1(a) through (f), 10.2, 11.1, 12.1, 22.1, 22.6 and 23.1). 

10.2 Environmental Inspection. 

If Lessee has not given notice of exercise of its Purchase Option on the Expiration Date pursuant to Section 20.1 or for
whatever reason Lessee does not purchase the Property in accordance with the terms of this Lease, then not more than one hundred twenty (120) days nor less than sixty (60) days prior to the Expiration Date, Lessee at its expense shall
cause to be delivered to Lessor a Phase I environmental site assessment recently prepared (no more than thirty (30) days prior to the date of delivery) by an independent recognized professional reasonably acceptable to Lessor, and in form,
scope and content reasonably satisfactory to Lessor. 
 ARTICLE XI 

11.1 Modifications. 

Lessee at its sole cost and expense, at any time and from time to time without the consent of Lessor may make modifications, alterations,
renovations, improvements and additions to the Property or any part thereof and substitutions and replacements therefor whether such are for the interior or exterior of the Property or are structural, subfloor or non-structural for the Property, or
whether such include structural, subfloor or nonstructural components, members or constituent elements (collectively, “Modifications”), and Lessee shall make any and all Modifications required to be made pursuant to all Legal
Requirements, Insurance Requirements and 
  

 13 

 
manufacturer’s specifications and standards; provided, that: (i) no Modification shall materially and adversely impair the value, utility or useful life of the Property from that
which existed immediately prior to such Modification; (ii) each Modification shall be done expeditiously and in a good and workmanlike manner; (iii) when completed, no Modification shall adversely affect the structural integrity of the
Property; (iv) to the extent required by Section 14.2(a), Lessee shall maintain builders’ risk insurance at all times when a Modification is in progress; (v) subject to the terms of Article XIII relating to
permitted contests, Lessee shall pay all costs and expenses and discharge any Liens arising with respect to any Modification; (vi) each Modification shall comply with the requirements of this Lease (including without limitation
Sections 8.2 and 10.1); and (vii) no Improvement shall be demolished or otherwise rendered unfit for use unless Lessee shall finance the proposed replacement Modification outside of this lease facility; provided,
further, Lessee shall not make any Modification (unless required by any Legal Requirement) to the extent any such Modification, individually or in the aggregate, shall have or could reasonably be expected to have a Material Adverse Effect.
All Modifications required be made pursuant to any Legal Requirement, Insurance Requirement or manufacturer’s specification or standard and all Modifications that are not severable from the Property without materially and adversely impairing
the value, utility or useful life of the Property shall immediately and without further action upon their incorporation into the Property (1) become property of Lessor, (2) be subject to this Lease and (3) be titled in the name of
Lessor, and Lessee shall not remove or attempt to remove any Modification from the Property. Regarding all Modifications that are not severable from the applicable Property without materially and adversely impairing the value, utility or useful life
of the Property, Lessee shall cause a bill of sale (in form and substance reasonably satisfactory to the Agent) to be delivered in favor of Lessor. Title to all other Modifications will vest with Lessee. Each Ground Lease for any portion of the
Property shall expressly provide for the provisions of the foregoing sentence. Lessee, at its own cost and expense, will pay for the repairs of any damage to the Property caused by the removal or attempted removal of any Modification. 

ARTICLE XII 

12.1 Warranty of Title. 

(a) Lessee hereby acknowledges and shall cause title in the Property (including without limitation all Improvements, all
replacement components to the Property and all Modifications) immediately and without further action to vest in and become the property of Lessor and to be subject to the terms of this Lease (provided, respecting the portion of the Property
subject to a Ground Lease, Lessor’s interest therein is acknowledged to be a leasehold interest pursuant to such Ground Lease) from and after the date hereof or such date of incorporation into the Property. Lessee agrees that, subject to the
terms of Article XIII relating to permitted contests, Lessee shall not directly or indirectly create or allow to remain, and shall promptly discharge at its sole cost and expense, any Lien, defect, attachment, levy, title retention
agreement or claim upon the Property, any component thereof or any Modifications or any Lien, attachment, levy or claim with respect to the Rent or with respect to any amounts held by Lessor, the Agent, any Credit Lender or any Mortgage Lender
pursuant to any Operative Agreement, other 
  

 14 

 
than Permitted Liens and Lessor Liens. Lessee shall promptly notify Lessor in the event it receives actual knowledge that a Lien other than a Permitted Lien or Lessor Lien has occurred with
respect to the Property, the Rent or any other such amounts, and Lessee represents and warrants to, and covenants with, Lessor that the Liens in favor of Lessor and/or the Agent created by the Operative Agreements are (and until the Financing
Parties under the Operative Agreements have been paid in full shall remain) first priority perfected Liens subject only to Permitted Liens and Lessor Liens. At all times subsequent to the Basic Term Commencement Date respecting the Property, Lessee
shall (i) cause a valid, perfected, first priority Lien on the Property to be in place in favor of the Agent (for the benefit of the Secured Parties) and (ii) file, or cause to be filed, all necessary documents under the applicable real
property law and Article 9 of the Uniform Commercial Code to perfect such title and Liens. 
 (b) Nothing
contained in this Lease shall be construed as constituting the consent or request of Lessor, expressed or implied, to or for the performance by any contractor, mechanic, laborer, materialman, supplier or vendor of any labor or services or for the
furnishing of any materials for any construction, alteration, addition, repair or demolition of or to the Property or any part thereof. NOTICE IS HEREBY GIVEN THAT LESSOR IS NOT AND SHALL NOT BE LIABLE FOR ANY LABOR, SERVICES OR MATERIALS FURNISHED
OR TO BE FURNISHED TO LESSEE, OR TO ANYONE HOLDING THE PROPERTY OR ANY PART THEREOF THROUGH OR UNDER LESSEE, AND THAT NO MECHANIC’S OR OTHER LIENS FOR ANY SUCH LABOR, SERVICES OR MATERIALS SHALL ATTACH TO OR AFFECT THE INTEREST OF LESSOR IN AND
TO THE PROPERTY. 
 ARTICLE XIII 

13.1 Permitted Contests Other Than in Respect of Indemnities. 

Except to the extent otherwise provided for in Section 11 of the Participation Agreement, Lessee, on its own or on
Lessor’s behalf but at Lessee’s sole cost and expense, may contest, by appropriate administrative or judicial proceedings or arbitration proceedings conducted in good faith and with due diligence, the amount, validity or application, in
whole or in part, of any Legal Requirement, Imposition or utility charge payable pursuant to Section 4.1 or any Lien (including any mechanic’s lien or other contractor claims), attachment, levy, encumbrance or encroachment, and
Lessor agrees not to pay, settle or otherwise compromise any such item, provided, that (a) the commencement and continuation of such proceedings shall suspend the collection of any such contested amount from, and suspend the enforcement
thereof against, the Property, Lessor, the Agent, each Credit Lender and each Mortgage Lender; (b) there shall not be imposed a Lien (other than Permitted Liens and Lessor Liens) on the Property and no part of the Property nor any Rent would be
in any danger of being sold, forfeited, lost or deferred; (c) at no time during the permitted contest shall there be a risk of the imposition of criminal liability or material civil liability on Lessor, the Agent, any Credit Lender or any
Mortgage Lender for failure to comply therewith; and (d) in the event that, at any time, there shall be a material risk of extending the application of such item beyond the end of the Term, then Lessee shall deliver to

  

 15 

 
Lessor an Officer’s Certificate certifying as to the matters set forth in clauses (a), (b) and (c) of this Section 13.1. Lessor, at Lessee’s sole cost and expense,
shall execute and deliver to Lessee such authorizations and other documents as may reasonably be required in connection with any such contest and, if reasonably requested by Lessee, shall join as a party therein at Lessee’s sole cost and
expense. 
 13.2 Impositions, Utility Charges, Other Matters; Compliance with Legal Requirements. 

Except with respect to Impositions, Legal Requirements, utility charges and such other matters referenced in Section 13.1
which are the subject of ongoing proceedings contesting the same in a manner consistent with the requirements of Section 13.1, Lessee shall cause (a) all Impositions, utility charges, Insurance Requirements and such other matters to
be timely paid, settled or compromised, as appropriate, with respect to the Property and (b) the Property to comply with all applicable Legal Requirements and Insurance Requirements. 

ARTICLE XIV 

14.1 Public Liability and Workers’ Compensation Insurance. 

During the Term for the Property, Lessee shall procure and carry, at Lessee’s sole cost and expense, commercial general liability and
umbrella liability insurance for claims for bodily injuries or death sustained by persons or damage to property while on the Property as are then customarily carried by similarly situated companies conducting business similar to that conducted by
Lessee. Such insurance shall be on terms and in amounts that are no less favorable than insurance maintained by Lessee with respect to similar properties and equipment that it owns and are then carried by similarly situated companies conducting
business similar to that conducted by Lessee (with reasonable deductibles and/or self-insured retentions based on customary coverages for real estate projects and assets comparable to the Property), and in no event shall have a minimum combined
single limit per occurrence coverage (i) for commercial general liability of less than $1,000,000 and (ii) for umbrella liability of less than $20,000,000. The policies shall name Lessee as the insured and shall be endorsed to name the
Agent and the Primary Financing Parties as additional insureds with respect to the Property or matters arising with respect thereto. The policies shall also specifically provide that such policies shall be considered primary insurance which shall
apply to any loss or claim before any contribution by any insurance which any Financing Party may have in force. In the operation of the Property, Lessee shall comply with applicable workers’ compensation laws and protect Lessor, the Agent,
each Credit Lender and each Mortgage Lender against any liability for its failure to comply with such laws. 
 14.2
Permanent Hazard and Other Insurance. 
 (a) During the Term, Lessee shall keep the Property insured
against all risk of physical loss or damage by fire and all risks usually and customarily covered under a standard all risk property policy (which policy shall not contain an exclusion for earth

  

 16 

 
movement) and shall maintain builders’ risk insurance during construction of any Improvements or Modifications in each case in amounts no less than the then current replacement value of the
Property (assuming that the Property was in the condition required by the terms of this Lease immediately prior to such loss) and on terms that (i) are no less favorable than insurance covering other similar properties owned by Lessee and
(ii) are then carried by similarly situated companies conducting business similar to that conducted by Lessee (with deductibles of not more than $1,000,000 or such other amount approved in writing by the Primary Financing Parties). The policies
maintained under this Section 14.2 shall name Lessee as the insured and shall be endorsed to name Lessor and the Agent (on behalf of the Secured Parties) as mortgagees and loss payees, as their interests appear; provided, so long
as no Event of Default exists, any loss payable under the insurance policies required by this Section for losses up to $1,000,000 will be paid solely to Lessee and used to repair or replace damage to the Property. 

(b) If, during the Term with respect to the Property the area in which the Property is located is designated a
“flood-prone” area pursuant to the Flood Disaster Protection Act of 1973, or any amendments or supplements thereto or is in a zone designated A or V, then Lessee shall comply with the National Flood Insurance Program as set forth in the
Flood Disaster Protection Act of 1973. In addition, Lessee will fully comply with the requirements of the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as each may be amended from time to time, and with any
other Legal Requirement, concerning flood insurance to the extent that it applies to the Property. 
 14.3
Coverage. 
 (a) As of the date of this Lease and annually thereafter during the Term, Lessee shall
furnish the Agent (on behalf of Lessor and the other beneficiaries of such insurance coverage) with certificates prepared by the insurers or insurance broker of Lessee showing the insurance required under Sections 14.1 and 14.2 to
be in effect, naming (to the extent of their respective interests) the Lessor and the Agent as mortgagees and loss payees and the Agent and the Primary Financing Parties as additional insureds and evidencing the other requirements of this
Article XIV. All such insurance maintained or provided by the Lessee pursuant to Section 14.1 shall be at the cost and expense of Lessee and provided by nationally recognized, financially sound insurance companies (which, in
the case of permitted self-insurance, may be a Guarantor) having either (i) an A- or better rating by A.M. Best’s Key Rating Guide or (ii) a Debt Rating by S&P or Moody’s of A or A2, respectively, or higher. All such
insurance maintained or provided by the Lessee pursuant to Section 14.2(a) shall be at the cost and expense of Lessee and provided by nationally recognized, financially sound insurance companies (which, in the case of permitted
self-insurance, may be a Guarantor) having either (i) an A or better rating by A.M. Best’s Key Rating Guide or (ii) a Debt Rating by S&P or Moody’s of A or A2, respectively, or higher. Lessee shall cause such
certificates to include a provision for thirty (30) days’ advance written notice by the insurer to the Agent (on behalf of Lessor and the other beneficiaries of such insurance coverage) in the event of cancellation or material alteration
of such insurance. If an Event of Default has 
  

 17 

 
occurred and is continuing and the Agent (on behalf of Lessor and the other beneficiaries of such insurance coverage) so requests, Lessee shall deliver to the Agent (on behalf of Lessor and the
other beneficiaries of such insurance coverage) copies of all insurance policies required by Sections 14.1 and 14.2. 

(b) Lessee agrees that the insurance policy or policies required by Sections 14.1, 14.2(a) and
14.2(b) shall include an appropriate clause pursuant to which any such policy shall provide that it will not be invalidated should Lessee waive, at any time, any or all rights of recovery against any party for losses covered by such policy or
due to any breach of warranty, fraud, action, inaction or misrepresentation by Lessee or any Person acting on behalf of Lessee. Lessee hereby waives any and all such rights against Lessor, the Agent, the Credit Lenders and the Mortgage Lenders to
the extent of payments made to any such Person under any such policy. 
 (c) Neither Lessor nor Lessee shall
carry separate insurance concurrent in kind or form or contributing in the event of loss with any insurance required under this Article XIV, except that Lessor may carry separate liability insurance at Lessor’s sole cost so long as
(i) Lessee’s insurance is designated as primary and in no event excess or contributory to any insurance Lessor may have in force which would apply to a loss covered under Lessee’s policy and (ii) each such insurance policy will
not cause Lessee’s insurance required under this Article XIV to be subject to a coinsurance exception of any kind. 

(d) Lessee shall pay as they become due all premiums for the insurance required by Section 14.1 and
Section 14.2, shall renew or replace each policy prior to the expiration date thereof or otherwise maintain the coverage required by such Sections without any lapse in coverage. 

14.4 Additional Insurance Requirements. 

Not in limitation of any provision of the Operative Agreements but in addition thereto, Lessee shall obtain any and all additional
insurance policies (including without limitation with respect to Condemnation) with regard to the Property or otherwise with respect to the transactions contemplated by the Operative Agreements as reasonably requested from time to time by Lessor as
are then customarily required of similarly situated companies conducting business similar to that conducted by Lessee. 

14.5 Policies. 

All insurance required by this Article XIV may be provided under (i) an individual policy covering the Property,
(ii) a blanket policy or policies which includes other liabilities, properties and locations of Lessee, (iii) a plan of self-insurance approved in writing by the Primary Financing Parties, (iv) an increased coverage or “umbrella
policy” provided and utilized to increase the coverage provided by individual or blanket policies in lower amounts (provided the aggregate limits of liability shall comply with the provisions of this Article XIV) or (v) a
combination of any of the foregoing insurance programs. 
  

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 ARTICLE XV 

15.1 Casualty and Condemnation. 

(a) Subject to the provisions of this Article XV and Article XVI (in the event Lessee delivers, or
is obligated to deliver or is deemed to have delivered, a Termination Notice), and prior to the occurrence and continuation of a Default or an Event of Default, Lessee shall be entitled to receive (and Lessor hereby irrevocably assigns to Lessee all
of Lessor’s right, title and interest in) any condemnation proceeds, award, compensation or insurance proceeds under Sections 14.2(a) or 14.2(b) hereof to which Lessee or Lessor may become entitled by reason of their
respective interests in the Property (i) if all or a portion of the Property is damaged or destroyed in whole or in part by a Casualty or (ii) if the use, access, occupancy, easement rights or title to the Property or any part thereof is
the subject of a Condemnation; provided, however, if a Default or an Event of Default shall have occurred and be continuing or if such award, compensation or insurance proceeds shall exceed $1,000,000, then such award, compensation or
insurance proceeds shall be paid directly to Lessor or, if received by Lessee, shall be held in trust for Lessor, and shall be paid over by Lessee to Lessor and held in accordance with the terms of this Article XV. All amounts held by
Lessor hereunder on account of any award, compensation or insurance proceeds either paid directly to Lessor or turned over to Lessor shall be held as security for the performance of Lessee’s obligations hereunder and under the other Operative
Agreements and when all such Defaults and Events of Default have been cured within the permitted cure periods or otherwise waived, all amounts so held by Lessor shall be paid over to Lessee. 

(b) Lessee may appear in any proceeding or action to negotiate, prosecute, adjust or appeal any claim for any award,
compensation or insurance payment on account of any such Casualty or Condemnation and shall pay all expenses thereof. At Lessee’s reasonable request, and at Lessee’s sole cost and expense, Lessor and the Agent shall participate in any such
proceeding, action, negotiation, prosecution or adjustment. Lessor and Lessee agree that this Lease shall control the rights of Lessor and Lessee in and to any such award, compensation or insurance payment. 

(c) If Lessee shall receive notice of a Casualty or a Condemnation where damage to the Property is estimated to equal or
exceed thirty-three percent (33%) of the Property Cost of the Property, Lessee shall give notice thereof to Lessor promptly after Lessee’s receipt of such notice. In the event such a Casualty or Condemnation occurs (regardless of whether
Lessee gives notice thereof), then Lessee shall be deemed to have delivered a Termination Notice to Lessor and the provisions of Sections 16.1 and 16.2 shall apply. 

(d) In the event of a Casualty or a Condemnation (regardless of whether notice thereof must be given pursuant to paragraph
(c)), this Lease shall terminate with respect to the Property in accordance with Section 16.1 if Lessee, within thirty (30) days after such occurrence, delivers to Lessor a notice to such effect. 

 

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 (e) If pursuant to this Section 15.1 this Lease
shall continue in full force and effect following a Casualty or Condemnation with respect to the Property, Lessee shall, at its sole cost and expense (subject to reimbursement in accordance with Section 15.1(a)) promptly and diligently
repair any damage to the Property caused by such Casualty or Condemnation in conformity with the requirements of Sections 10.1 and 11.1, using the as-built Plans and Specifications or manufacturer’s specifications for the
applicable Improvements or other components of the Property (as modified to give effect to any subsequent Modifications, any Condemnation affecting the Property and all applicable Legal Requirements), so as to restore the Property to the same or a
greater remaining economic value, useful life, utility, condition, operation and function as existed immediately prior to such Casualty or Condemnation (assuming all maintenance and repair standards have been satisfied). In such event, title to the
Property shall remain with Lessor. 
 (f) In no event shall a Casualty or Condemnation affect Lessee’s
obligations to pay Rent pursuant to Article III. 
 (g) Notwithstanding anything to the contrary set
forth in Section 15.1(a) or Section 15.1(e), if during the Term a Casualty occurs with respect to the Property or Lessee receives notice of a Condemnation with respect to the Property, and following such Casualty or
Condemnation, the Property cannot reasonably be restored, repaired or replaced on or before the day one year prior to the Expiration Date or the date eighteen (18) months after the occurrence of such Casualty or Condemnation (if such Casualty
or Condemnation occurs during the Term) to the same or a greater remaining economic value, useful life, utility, condition, operation and function as existed immediately prior to such Casualty or Condemnation (assuming all maintenance and repair
standards have been satisfied) or on or before such day the Property is not in fact so restored, repaired or replaced, then Lessee shall be required to exercise its Purchase Option for the Property on the next Payment Date (notwithstanding the
limits on such exercise contained in Section 20.2) and pay Lessor the Termination Value for the Property; provided, if any Default or Event of Default has occurred and is continuing, Lessee shall also promptly (and in any event
within three (3) Business Days) pay Lessor any award, compensation or insurance proceeds received on account of any Casualty or Condemnation with respect to the Property; provided, further, that if no Default or Event of Default
has occurred and is continuing, any Excess Proceeds shall be paid to Lessee. If a Default or an Event of Default has occurred and is continuing and any principal amounts under any Credit Notes, any Mortgage Notes, the Lessor Advance or other amounts
are owing with respect thereto, then any Excess Proceeds (to the extent of any such principal amounts under any Credit Notes, any Mortgage Notes, the Lessor Advance or other amounts owing with respect thereto) shall be paid to Lessor, held as
security for the performance of Lessee’s obligations hereunder and under the other Operative Agreements and applied to such obligations upon the exercise of remedies in connection with the occurrence of an Event of Default, with the remainder
of such Excess Proceeds in excess of such principal amounts under any Credit Notes, any Mortgage Notes, the Lessor Advance or other amounts owing with respect thereto being distributed to the Lessee. 

 

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 15.2 Environmental Matters. 

Promptly upon Lessee’s actual knowledge of a Release of any Hazardous Substance affecting any portion of the Property which requires
notification to any applicable governmental authority and clean-up or remediation, the cost of which is reasonably expected to exceed the sum of $100,000, Lessee shall notify Lessor in writing (and in reasonable detail) of such Release. In the event
of any Environmental Violation (regardless of whether notice thereof must be given), Lessee shall, not later than thirty (30) days after Lessee has actual knowledge of such Environmental Violation, either (subject to the next sentence) deliver
to Lessor a Termination Notice with respect to the Property pursuant to Section 16.1, if applicable, or, at Lessee’s sole cost and expense, promptly and diligently undertake and diligently complete any response, clean-up, remedial
or other action (including without limitation the pursuit by Lessee of appropriate action against any off-site or third party source for contamination) necessary to remove, clean-up or remediate the Environmental Violation in accordance with all
Environmental Laws. (Lessor acknowledges that (i) the reporting of a Release of any Hazardous Substance from any off-site point source, not caused in any way by Lessee, to the applicable governmental authorities or (ii) the commencement
and prosecution of appropriate legal proceedings with a governmental agency or court of competent jurisdiction and the diligent prosecution of such proceedings as a result of such Release shall, in the case of (i) or (ii) above, fulfill
(subject to the provisos to this sentence) Lessee’s obligations contained in the immediately preceding sentence if Lessee does not tender a Termination Notice to Lessor; provided, however, that if Lessee does not substantially
prevail in such prosecution prior to any sale of the Property in accordance with the terms of the Operative Agreements and, in the case of (i) or (ii) above, cause the diligent completion of any response, clean-up, remedial or other action
necessary to remove, clean-up or remediate the Environmental Violation in accordance with all Environmental Laws, Lessee shall fulfill its obligations as set forth in the preceding sentence; provided, further, the provisions of this
sentence shall not absolve Lessee of its obligation to deliver to Lessor a Phase I environmental site assessment and purchase the Property pursuant to the following provisions of this Section 15.2). Any such undertaking shall be timely
completed in accordance with prudent industry standards. If Lessee does not deliver a Termination Notice with respect to the Property pursuant to Section 16.1, Lessee shall, upon completion of remedial action by Lessee (or its agents) or
any third party, cause to be prepared by a reputable environmental consultant acceptable to Lessor a report describing the Environmental Violation and the actions taken by Lessee (or its agents) or any third party in response to such Environmental
Violation, and a statement by the consultant that the Environmental Violation has been remedied in full compliance with applicable Environmental Law. Not less than sixty (60) days prior to any time that Lessee elects to cease operations with
respect to the Property or to remarket the Property pursuant to Section 20.1 hereof or any other provision of any Operative Agreement, Lessee at its expense shall cause to be delivered to Lessor a Phase I environmental site assessment
respecting the Property prepared in accordance with the then most recent edition of the ASTM Protocols for Commercial Real Estate Transactions, which shall be dated within thirty (30) days from the date of delivery to Lessor, and prepared by an
environmental consultant reasonably acceptable to Lessor. Notwithstanding any other provision of any Operative Agreement, if Lessee fails to 

 

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comply with the foregoing obligation regarding the Phase I environmental site assessment, Lessee shall be obligated to purchase the Property for its Termination Value and shall not be permitted
to exercise (and Lessor shall have no obligation to honor any such exercise) any rights under any Operative Agreement regarding a sale of the Property to a Person other than Lessee. 

15.3 Notice of Environmental Matters. 

Promptly, but in any event within five (5) Business Days from the date Lessee has actual knowledge thereof, Lessee shall provide to
Lessor written notice of any pending or threatened claim, action or proceeding involving any Environmental Law or any Release on or in connection with the Property. All such notices shall describe in reasonable detail the nature of the claim, action
or proceeding and Lessee’s proposed response thereto. In addition, Lessee shall provide to Lessor, within five (5) Business Days of receipt, copies of all material written communications with any Governmental Authority relating to any
Environmental Law in connection with the Property. Lessee shall also promptly provide such detailed reports of any such material environmental claims as may reasonably be requested by Lessor. 

ARTICLE XVI 

16.1 Termination Upon Certain Events. 

If Lessee has delivered, or is deemed to have delivered, written notice of a termination of this Lease with respect to the Property to
Lessor in the form described in Section 16.2(a) (a “Termination Notice”) pursuant to the provisions of this Lease, then following the applicable Casualty, Condemnation or Environmental Violation, this Lease shall
terminate upon the payment in full of the Termination Value with respect to the Property on the applicable Termination Date. 

16.2 Procedures. 

(a) A Termination Notice shall contain: (i) notice of termination of this Lease with respect to the Property on a
Payment Date not more than sixty (60) days after Lessor’s receipt of such Termination Notice (the “Termination Date”); and (ii) a binding and irrevocable agreement of Lessee to pay the Termination Value for the
Property and purchase the Property on such Termination Date. 
 (b) On the Termination Date, Lessee shall pay to
Lessor the Termination Value for the Property, and Lessor shall convey the Property or the remaining portion thereof, if any, to Lessee (or Lessee’s designee), all in accordance with Section 20.2. 

 

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 ARTICLE XVII 

17.1 Lease Events of Default. 

If any one (1) or more of the following events (each a “Lease Event of Default”) shall occur: 

(a) Lessee shall fail to make payment of (i) any Basic Rent (except as set forth in clause (ii)) within five
(5) Business Days after the same has become due and payable or (ii) any Termination Value, on the date any such payment is due and payable, or any payment of Basic Rent or Supplemental Rent due on the due date of any such payment of
Termination Value, or any amount due on the Expiration Date; 
 (b) Lessee shall fail to make payment of any
Supplemental Rent (other than Supplemental Rent referred to in Section 17.1(a)(ii)) or any other Credit Party shall fail to make any payment of any amount under any Operative Agreement which has become due and payable within five
(5) Business Days after receipt of notice that such payment is due; 
 (c) Lessee shall fail to maintain
insurance as required by Article XIV of this Lease or to deliver any requisite annual certificate with respect thereto within ten (10) days after receipt of notice that such certificate is due under the terms hereof; 

(d)(i) the Lessee shall fail to observe or perform any covenant, condition or agreement contained in
Sections 8.3A.2, 8.3A.3 (with respect to the Lessee’s existence) or 8.3A.8 of the Participation Agreement or in Section 8.3B of the Participation Agreement, or (ii) Lessee shall fail to observe or
perform any term, covenant, obligation or condition of Lessee under this Lease or any other Operative Agreement to which Lessee is a party other than those set forth in Sections 17.1(a), (b), (c) or (d)(i)
hereof, or any other Credit Party shall fail to observe or perform any term, covenant, obligation or condition of such Credit Party under any Operative Agreement other than those set forth in Section 17.1(b) hereof and such failure shall
continue unremedied for a period of thirty (30) days after the earlier of the date of notice thereof to Lessee or such Credit Party or the date a Responsible Officer of Lessee or such Credit Party obtains actual knowledge thereof;
provided, however, that if the nature of the default cannot reasonably be cured within said thirty (30) day period, then Lessee or such Credit Party shall have a reasonable time period to cure such default so long as such
reasonable time period does not exceed sixty (60) additional days and the Lessee or such Credit Party is diligently prosecuting such cure or (iii) any representation or warranty made or deemed made by or on behalf of any Credit Party or
any subsidiary of any Credit Party in or in connection with any Operative Agreement or any amendment or modification thereof or waiver thereunder, or in any report, certificate, financial statement or other document furnished pursuant to or in
connection with any Operative Agreement or any amendment or modification thereof or waiver thereunder, shall prove to have been incorrect in any material respect when made or deemed made; 

 

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 (e) [Reserved]; 

(f)(i) Any Credit Party or any subsidiary of any Credit Party shall fail to make any payment (whether of principal or
interest and regardless of amount within applicable grace periods) in respect of any Material Indebtedness, when and as the same shall become due and payable, or (ii) any event or condition occurs that results in any Material Indebtedness
becoming due prior to its scheduled maturity or that enables or permits (with or without the giving of notice, the lapse of time or both) the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any
Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity; provided, that this clause (f)(ii) shall not (A) apply to secured Indebtedness that becomes
due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness or (B) apply to preclude the conversion from debt to equity of any subordinated convertible debenture outstanding placed by the Lessee, or
(iii) the occurrence of a Lessee Credit Agreement Event of Default; 
 (g) An involuntary proceeding shall
be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of any Credit Party or any subsidiary of any Credit Party or its debts, or of a substantial part of its assets, under any
federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any Credit Party or any
subsidiary of any Credit Party or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed for sixty (60) or more days or an order or decree approving or ordering any of the foregoing
shall be entered; 
 (h) Any Credit Party or any subsidiary of any Credit Party shall (i) voluntarily
commence any proceeding or file any petition seeking liquidation, reorganization or other relief under any federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution
of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (g) of this Section 17.1, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator,
conservator or similar official for any Credit Party or any Subsidiary of any Credit Party or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding,
(v) make a general assignment for the benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing; 

(i) Any Credit Party or any subsidiary of any Credit Party shall become unable, admit in writing its inability or fail
generally to pay its debts as they become due; 
 (j) [Reserved]; 

(k) Any report, certificate, financial statement or other instrument delivered to Lessor by or on behalf of any Credit
Party pursuant to the terms of this Lease or any other Operative Agreement is false or misleading in any material respect when made or delivered; 
  

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 (l) [Reserved]; 

(m) one or more judgments for the payment of money in an aggregate amount in excess of $15,000,000 shall be rendered
against any Credit Party, any subsidiary thereof or any combination thereof and the same shall remain undischarged for a period of 30 consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken by a
judgment creditor to attach or levy upon any assets of any Credit Party or any subsidiary thereof to enforce any such judgment; 

(n) An ERISA Event shall have occurred that, in the opinion of Lessor, when taken together with all other ERISA Events
that have occurred, could reasonably be expected to result in a Material Adverse Effect; or 
 (o) A Change in
Control shall occur; 
 (p) Any Operative Agreement shall cease to be in full force and effect; 

(q) Except as to any Credit Party which is released in connection with the Operative Agreements, the Guarantee Agreement
or any provision thereof shall be declared to be unenforceable or null and void or any Guarantor or any Person acting by or on behalf of such Guarantor shall deny or disaffirm such Guarantor’s obligations under the Guarantee Agreement, or any
Guarantor shall fail to perform or observe any term, covenant or agreement on its part to be performed or observed pursuant to any guaranty; or 

(r) there shall occur any event which constitutes a default, event of ineligibility, event of termination or similar event
under or in connection with any Securitization Transaction in respect of which the aggregate amount of accounts receivable purchased net of the aggregate amount of accounts receivable collected exceeds $15,000,000 (a “Material Securitization
Transaction”), or the Lessee or any subsidiary shall fail to observe or perform any term, covenant, condition or agreement contained in or arising under any Material Securitization Transaction, if, as a result of such event or failure, the
purchasers thereunder or any agent acting on their behalf shall cause or be permitted to cause (any applicable grace or cure period having expired) such Material Securitization Transaction or the commitments of the purchasers thereunder to terminate
or cease to be fully available; 
 then, in any such event, Lessor may, in addition to the other rights and remedies provided for in this
Article XVII and in Section 18.1, terminate this Lease by giving Lessee five (5) days notice of such termination (provided, notwithstanding the foregoing, this Lease shall be deemed to be automatically terminated without
the giving of notice upon the occurrence of a Lease Event of Default under Sections 17.1(g), (h) or (i)), and this Lease shall terminate, and all rights of Lessee under this Lease shall cease. Lessee shall, to the
fullest extent permitted by law, pay as 
  

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Supplemental Rent all costs and expenses incurred by or on behalf of Lessor or any other Financing Party, including without limitation reasonable fees and expenses of counsel, as a result of any
Lease Event of Default hereunder. 
 TO THE EXTENT PERMITTED BY LAW, A POWER OF SALE IS GRANTED IN THIS LEASE AS SUPPLEMENTED BY
THE LEASE SUPPLEMENT. A POWER OF SALE MAY ALLOW LESSOR TO TAKE THE PROPERTY AND SELL THE PROPERTY WITHOUT GOING TO COURT IN A FORECLOSURE ACTION UPON THE OCCURRENCE OF A LEASE EVENT OF DEFAULT. 

17.2 Surrender of Possession. 

If a Lease Event of Default shall have occurred and be continuing, and whether or not this Lease shall have been terminated pursuant to
Section 17.1, Lessee shall, upon thirty (30) days written notice, surrender to Lessor possession of the Property. Lessor may enter upon and repossess the Property by such means as are available at law or in equity, and may remove
Lessee and all other Persons and any and all personal property and Lessee’s equipment and personalty and severable Modifications from the Property. Lessor shall have no liability by reason of any such entry, repossession or removal performed in
accordance with applicable law. Upon the written demand of Lessor, Lessee shall return the Property promptly to Lessor, in the manner and condition required by, and otherwise in accordance with the provisions of, Section 22.1(c) hereof.

 17.3A Foreclosure. 

Lessor shall have the right to foreclose the interest of Lessee in all or any part of the Property by judicial foreclosure in accordance
with applicable law. In case of foreclosure, the Property may be offered for sale in one or more parcels at the election of Lessor. Lessee agrees to the full extent permitted by law that in case of a default on its part hereunder, neither it nor
anyone claiming through or under it shall or will set up, claim or seek to take advantage of any stay, extension or redemption laws now or hereafter in force, in order to prevent or hinder the enforcement or foreclosure of this Lease, or the
absolute sale of the Property or the final and absolute putting into possession thereof, immediately after such sale, of the purchasers thereof, and Lessee for itself and all who may at any time claim through or under it, hereby waives, to the full
extent that it may lawfully so do, the benefit of all such laws, and any and all right to have the assets comprising the Property marshaled upon any foreclosure of the lien hereof and agrees that Lessor or any court having jurisdiction to foreclose
such lien may sell the Property in part or as an entirety. In the event this Lease is foreclosed, Lessee also waives, to the extent such waiver may be enforceable at the time of foreclosure, any right to have the Property appraised after foreclosure
for the purpose of reducing a deficiency judgment. 
 17.3 Reletting. 

If a Lease Event of Default shall have occurred and be continuing, and whether or not this Lease shall have been terminated pursuant to
Section 17.1, Lessor may, but shall be under no obligation to, relet the Property or any portion thereof, for the account of Lessee or otherwise, for 

 

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such term or terms (which may be greater or less than the period which would otherwise have constituted the balance of the Term) and on such conditions (which may include concessions or free
rent) and for such purposes as Lessor may determine, and Lessor may collect, receive and retain the rents resulting from such reletting. Lessor shall not be liable to Lessee for any failure to relet Property or for any failure to collect any rent
due upon such reletting. 
 17.4 Damages. 

Neither (a) the termination of this Lease as to the Property pursuant to Section 17.1; (b) the repossession or
foreclosure of the Property; nor (c) the failure of Lessor to relet the Property or any portion thereof, the reletting of the Property or any portion thereof, nor the failure of Lessor to collect or receive any rentals due upon any such
reletting, shall relieve Lessee of its liabilities and obligations hereunder, all of which shall survive any such termination, repossession or reletting. If any Lease Event of Default shall have occurred and be continuing and notwithstanding any
termination of this Lease pursuant to Section 17.1, Lessee shall forthwith pay to Lessor all Rent and other sums due and payable hereunder to and including without limitation the date of such termination. Thereafter, on the days on which
the Basic Rent or Supplemental Rent, as applicable, are payable under this Lease or would have been payable under this Lease if the same had not been terminated pursuant to Section 17.1 and until the end of the Term hereof or what would
have been the Term in the absence of such termination, Lessee shall pay Lessor, as current liquidated damages (it being agreed that it would be impossible accurately to determine actual damages) an amount equal to the Basic Rent and Supplemental
Rent that are payable under this Lease or would have been payable by Lessee hereunder if this Lease had not been terminated pursuant to Section 17.1, less the net proceeds, if any, which are actually received by Lessor with respect to
the period in question of any reletting of the Property or any portion thereof; provided, that Lessee’s obligation to make payments of Basic Rent and Supplemental Rent under this Section 17.4 shall continue only so long as
Lessor shall not have received the amounts specified in Section 17.6. In calculating the amount of such net proceeds from reletting, there shall be deducted all of Lessor’s, the Agent’s, any Credit Lender’s and any
Mortgage Lender’s reasonable expenses in connection therewith, including without limitation repossession costs, brokerage or sales commissions, fees and expenses for counsel and any necessary repair or alteration costs and expenses incurred in
preparation for such reletting. To the extent Lessor receives any damages pursuant to this Section 17.4, such amounts shall be regarded as amounts paid on account of Rent. Lessee specifically acknowledges and agrees that its obligations
under this Section 17.4 shall be absolute and unconditional under any and all circumstances and shall be paid and/or performed, as the case may be, without notice or demand and without any abatement, reduction, diminution, setoff,
defense, counterclaim or recoupment whatsoever. 
 17.5 Power of Sale. 

(a) Without limiting any other remedies set forth in this Lease, Lessor and Lessee agree that Lessee herein grants and
grants, pursuant to each Lease Supplement, a Lien against the Property WITH POWER OF SALE to the extent permitted by law, and that, upon the occurrence and during the continuance of any Lease Event of Default, Lessor shall have the power and
authority, to the extent provided by law, after prior notice and lapse of such time as may be required by law, to foreclose its interest (or cause such interest to be foreclosed) in all or any part of the Property. 

 

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 (b) Upon the occurrence and during the continuance of a Lease Event of
Default, the Lessor, in lieu of or in addition to exercising any power of sale hereinabove given, may proceed by a suit or suits in equity or at law, whether for a foreclosure hereunder, or for the sale of such interest in the Property, against
Lessee for the Termination Value or for the appointment of a receiver pending any foreclosure hereunder or the sale of such interest in the Property, or for the enforcement of any other appropriate legal or equitable remedy. 

17.6 Final Liquidated Damages. 

If a Lease Event of Default shall have occurred and be continuing, whether or not this Lease shall have been terminated pursuant to
Section 17.1 and whether or not Lessor shall have collected any current liquidated damages pursuant to Section 17.4, Lessor shall have the right to recover, by demand to Lessee and at Lessor’s election, and Lessee shall
pay to Lessor, as and for final liquidated damages, but exclusive of the indemnities payable under Section 11 of the Participation Agreement (which, if requested, shall be paid concurrently), and in lieu of all current liquidated damages
beyond the date of such demand (it being agreed that it would be impossible accurately to determine actual damages) the Termination Value. Upon payment of the amount specified pursuant to the first sentence of this Section 17.6, Lessee
shall be entitled to receive from Lessor, either at Lessee’s request or upon Lessor’s election, in either case at Lessee’s cost, an assignment of Lessor’s entire right, title and interest in and to the Property, Improvements,
Fixtures, Modifications and all components thereof, in each case in recordable form and otherwise in conformity with local custom and free and clear of the Lien of this Lease (including without limitation the release of any memoranda of Lease and/or
the Lease Supplement recorded in connection therewith) and any Lessor Liens. The Property shall be conveyed to Lessee “AS-IS, WHERE-IS” and in their then present physical condition. If any statute or rule of law shall limit the amount of
such final liquidated damages to less than the amount agreed upon, Lessor shall be entitled to the maximum amount allowable under such statute or rule of law; provided, however, Lessee shall not be entitled to receive an assignment of
Lessor’s interest in the Property, the Improvements, Fixtures, Modifications or the components thereof unless Lessee shall have paid in full the Termination Value. Lessee specifically acknowledges and agrees that its obligations under this
Section 17.6 shall be absolute and unconditional under any and all circumstances and shall be paid and/or performed, as the case may be, without notice or demand and without any abatement, reduction, diminution, setoff, defense,
counterclaim or recoupment whatsoever. 
 17.7 Environmental Costs. 

If a Lease Event of Default shall have occurred and be continuing, and whether or not this Lease shall have been terminated pursuant to
Section 17.1, Lessee shall pay directly to any third party (or at Lessor’s election, reimburse Lessor) for the cost of any environmental testing and/or remediation work undertaken respecting the Property, as such testing or work is
deemed appropriate in the reasonable judgment of Lessor, and shall indemnify and hold harmless Lessor 
  

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and each other Indemnified Person therefrom. Lessee shall pay all amounts referenced in the immediately preceding sentence within ten (10) days of any request by Lessor for such payment. The
provisions of this Section 17.7 shall not limit the obligations of Lessee under any Operative Agreement regarding indemnification obligations, environmental testing, remediation and/or work. 

17.8 Waiver of Certain Rights. 

If this Lease shall be terminated pursuant to Section 17.1, Lessee waives, to the fullest extent permitted by Law,
(a) any notice of re-entry or the institution of legal proceedings to obtain re-entry or possession; (b) any right of redemption, re-entry or possession; (c) the benefit of any laws now or hereafter in force exempting property from
liability for rent or for debt; and (d) any other rights which might otherwise limit or modify any of Lessor’s rights or remedies under this Article XVII. 

17.9 Assignment of Rights Under Contracts. 

If a Lease Event of Default shall have occurred and be continuing, and whether or not this Lease shall have been terminated pursuant to
Section 17.1, Lessee shall upon Lessor’s demand immediately assign, transfer and set over, without recourse, to Lessor all of Lessee’s right, title and interest in and to each agreement executed by Lessee in connection with the
acquisition, installation, testing, use, development, construction, operation, maintenance, repair, refurbishment and restoration of the Property (including without limitation all right, title and interest of Lessee with respect to all warranty,
performance, service and indemnity provisions), as and to the extent that the same relate to the acquisition, installation, testing, use, development, construction, operation, maintenance, repair, refurbishment and restoration of the Property or any
of them. 
 17.10 Remedies Cumulative. 

The remedies herein provided shall be cumulative and in addition to (and not in limitation of) any other remedies available at law, equity
or otherwise, including without limitation any mortgage foreclosure remedies. 
 17.11 Limitation Regarding Certain Lease
Events of Default. 
 Notwithstanding anything contained herein or in any other Operative Agreement to the contrary, upon
the occurrence and during the continuance of a Lease Event of Default attributable solely to a Lease Event of Default pursuant to Section 17.1(o) which is the result of a hostile takeover or any other Lease Event of Default that occurs
solely as a direct result of the occurrence of a Material Adverse Effect pursuant to subsections (a) or (e) of the definition of Material Adverse Effect (collectively, a “Limited Recourse Event of Default”), the maximum
aggregate amount that Lessor, or any Person acting by or through Lessor, including without limitation the Agent, the Credit Lenders and the Mortgage Lenders, shall be entitled to recover from the Credit Parties on account of such Lease Event of
Default attributable solely to a Limited Recourse Event of Default (including without limitation any indemnity obligation for Claims 

 

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pursuant to Section 11.1(e) of the Participation Agreement for enforcement costs and losses arising solely as a result of such Limited Recourse Event of Default) shall be an amount
equal to the Maximum Residual Guarantee Amount, provided, this Section 17.11 shall not in any way limit any other Event of Default or any indemnity payment to any Indemnified Person, including without limitation (except as
expressly set forth above), the indemnities set forth in Sections 11.1 through 11.6 of the Participation Agreement and such indemnity payment shall not be included in the calculation set forth above. Lessee nonetheless
acknowledges and agrees that even though the maximum aggregate recovery from the Credit Parties is limited as aforesaid, neither Lessor’s nor any other Financing Party’s right of recovery from the Property (as opposed to any recovery from
the Credit Parties) is so limited and Lessor or any other applicable Financing Party shall be entitled to recover 100% of the amounts owed to Lessor or such other Financing Party in accordance with the Operative Agreements from its interest in the
Property, including without limitation, to the extent not duplicative, 100% of the Property Cost for the Property. 
 ARTICLE
XVIII 
  

	 	18.1	Lessor’s Right to Cure Lessee’s Lease Defaults. 

Lessor, without waiving or releasing any obligation or Lease Event of Default, may (but shall be under no obligation to) remedy any Lease
Event of Default for the account and at the sole cost and expense of Lessee, including without limitation the failure by Lessee to maintain the insurance required by Article XIV, and may, to the fullest extent permitted by law, and
notwithstanding any right of quiet enjoyment in favor of Lessee, enter upon the Property, and take all such action thereon as may be necessary or appropriate therefor. No such entry shall be deemed an eviction of any lessee. All out-of-pocket costs
and expenses so incurred (including without limitation fees and expenses of counsel), together with interest thereon at the Overdue Rate from the date on which such sums or expenses are paid by Lessor, shall be paid by Lessee to Lessor on demand.

 ARTICLE XIX 
  

	 	19.1	Provisions Relating to Lessee’s Exercise of its Purchase Option. 

Subject to Section 19.2, in connection with any termination of this Lease with respect to the Property pursuant to the terms of
Section 16.2, or in connection with Lessee’s exercise of its Purchase Option respecting the Property, upon the date on which this Lease is to terminate with respect to the Property, and upon tender by Lessee of the amounts set forth
in Sections 16.2(b) or 20.2, as applicable, Lessor shall execute and deliver to Lessee (or to Lessee’s designee) at Lessee’s cost and expense an assignment (by deed or other appropriate instrument) of Lessor’s
entire interest in the Property, in each case in recordable form and otherwise in conformity with local custom and free and clear of any Lessor Liens attributable to Lessor but without any other warranties (of title or otherwise) from Lessor. The
Property shall be conveyed to Lessee “AS-IS, “WHERE-IS” and in then present physical condition. 
  

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	19.2	No Purchase or Termination With Respect to Less than All of the Property. 

Lessee shall not be entitled to exercise its Purchase Option or the Sale Option separately with respect to a portion of the Property
consisting of Land, Improvements and/or any interest pursuant to a Ground Lease but shall be required to exercise its Purchase Option or the Sale Option with respect to the Property in its entirety. 

ARTICLE XX 
  

	 	20.1	Purchase Option or Sale Option-General Provisions. 

Not less than two hundred seventy (270) days and not more than three hundred sixty (360) days prior to the Expiration Date or
(respecting the Purchase Option only, not less than one hundred twenty (120) days prior to any Payment Date), Lessee shall give Lessor irrevocable written notice (the “Election Notice”) that Lessee is electing to exercise
either (a) the option to purchase the Property on the Expiration Date or on the Payment Date specified in the Election Notice (the “Purchase Option”) or (b) with respect to an Election Notice given in connection with the
Expiration Date only, the option to remarket the Property to a Person other than Lessee or any Affiliate of Lessee and cause a sale of the Property to occur on the Expiration Date pursuant to the terms of Section 22.1 (the “Sale
Option”). Not more than three hundred ninety (390) days prior to the Expiration Date, Lessor may give Lessee notice of Lessee’s obligation to deliver the Election Notice. If Lessee fails to give an Election Notice within the
specified time period prior to the Expiration Date and Lessor has not given Lessee notice as specified in the preceding sentence, then Lessor shall give Lessee notice of Lessee’s obligation to deliver the Election Notice, and Lessee shall have
five (5) Business Days after receipt of such notice within which to make the Election Notice. If Lessee does not give an Election Notice indicating the Purchase Option or the Sale Option at least two hundred seventy (270) days and not more
than three hundred sixty (360) days prior to the Expiration Date (and Lessor has given Lessee notice of Lessee’s obligation to deliver the Election Notice but Lessee has not made its Election Notice within five (5) Business Days after
receipt of such notice from Lessor), then Lessee shall be deemed to have elected the Purchase Option. If Lessee shall either (i) elect (or be deemed to have elected) to exercise the Purchase Option or (ii) elect the Sale Option and fail to
cause the Property to be sold in accordance with the terms of Section 22.1 on the Expiration Date, then in either case Lessee shall pay to Lessor on the date on which such purchase or sale is scheduled to occur an amount equal to the
Termination Value for the Property (which the parties do not intend to be a “bargain” purchase price) and, upon receipt of such amounts and satisfaction of such obligations, Lessor shall transfer to Lessee all of Lessor’s right, title
and interest in and to the Property in accordance with Section 20.2. If Lessee elects, or is deemed to have elected, either the Purchase Option or the Sale Option and fails to satisfy all related obligations of Lessee pursuant to the
Operative Agreements, then such failure shall be deemed to be a Lease Event of Default. 
 If the Property is the subject of
remediation efforts respecting Hazardous Substances at the Expiration Date which could materially and adversely impact the Fair Market Sales Value of the Property (with materiality determined in Lessor’s discretion), then Lessee shall be
obligated to purchase the Property pursuant to Section 20.2. 
  

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	 	20.2	Lessee Purchase Option. 

Provided, no Default or Event of Default shall have occurred and be continuing (other than those that will be cured by the payment
of the Termination Value for the Property) and provided, that the Election Notice has been appropriately given specifying the Purchase Option, Lessee shall purchase the Property on the Expiration Date or Payment Date at a price equal to the
Termination Value (which the parties do not intend to be a “bargain” purchase price). 
 Subject to
Section 19.2, in connection with any termination of this Lease with respect to the Property pursuant to the terms of Section 16.2, or in connection with Lessee’s exercise of its Purchase Option, upon the date on which
this Lease is to terminate with respect to the Property, and upon tender by Lessee of the amounts set forth in Section 16.2(b) or this Section 20.2, as applicable, Lessor shall execute, acknowledge (where required) and
deliver to Lessee, at Lessee’s cost and expense, each of the following: (a) a termination or assignment (as requested by the Lessee) of each applicable Ground Lease and special or limited warranty Deeds conveying the Property (to the
extent it is real property not subject to a Ground Lease) to Lessee free and clear of the Lien of this Lease, the Lien of the Credit Documents and any Lessor Liens; (b) a bill of sale conveying the Property (to the extent it is personal
property) to Lessee free and clear of the Lien of this Lease, the Lien of the Credit Documents and any Lessor Liens and, to the extent the following are agreed to by the Agent in its reasonable discretion, such title affidavits and other documents
as may be reasonably requested by any title insurance underwriter issuing title insurance in connection with the acquisition of the Property by Lessee; (c) any real estate tax affidavit or other document required by law to be executed and filed
in order to record the applicable Deed and/or the applicable Ground Lease termination; and (d) FIRPTA affidavits. All of the foregoing documentation must be in form and substance reasonably satisfactory to Lessor. The applicable Property shall
be conveyed to Lessee “AS-IS, WHERE-IS” and in then present physical condition. 
 On the Expiration Date and/or any Payment Date on
which Lessee has elected to exercise its Purchase Option, Lessee shall pay (or cause to be paid) to Lessor, the Agent and all other parties, as appropriate, in addition to payment of the Termination Value, the sum of all costs and expenses incurred
by any such party in connection with the election by Lessee to exercise its Purchase Option and all Rent and all other amounts then due and payable or accrued under this Lease and/or any other Operative Agreement. 

 

	 	20.3	Third Party Sale Option. 

(a) Provided, that (i) no Default or Event of Default shall have occurred and be continuing and (ii) the
Election Notice has been appropriately given specifying the Sale Option, Lessee shall undertake to cause a sale of the Property on the Expiration Date (all as specified in the Election Notice) in accordance with the provisions of
Section 22.1 hereof. 
  

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 (b) In the event Lessee exercises the Sale Option then, as soon as
practicable and in all events not less than sixty (60) days prior to the Expiration Date, Lessee at its expense shall cause to be delivered to Lessor a Phase I environmental site assessment for the Property in accordance with the then most
recent edition of the ASTM Protocols for Commercial Real Estate Transactions, which shall be dated within thirty (30) days from the date of delivery to Lessor, and prepared by an environmental consultant reasonably acceptable to Lessor. The
costs incurred respecting the above-referenced Phase I environmental site assessment shall be paid by the Lessee. In the event that Lessor shall not have received such environmental site assessment by the date sixty (60) days prior to the
Expiration Date or in the event that such environmental assessment shall reveal the existence of any material violation of Environmental Laws, other material Environmental Violation or potential material Environmental Violation (with materiality
determined in each case by Lessor in its reasonable discretion), then Lessee on the Expiration Date shall pay to Lessor an amount equal to the Termination Value for the Property and any and all other amounts due and owing hereunder. Upon receipt of
such payment and all other amounts due under the Operative Agreements, Lessor shall transfer to Lessee all of Lessor’s right, title and interest in and to the Property in accordance with Section 19.1. 

ARTICLE XXI 
  

	 	21.1	[Reserved]. 

ARTICLE XXII 
  

	 	22.1	Sale Procedure. 

(a) During the Marketing Period, Lessee, on behalf of Lessor, shall obtain bids for the cash purchase of the Property in
connection with a sale to one (1) or more third party purchasers to be consummated on the Expiration Date or such earlier date as is acceptable to the Agent and the Lessee (the “Sale Date”) for the highest price available,
shall notify Lessor promptly of the name and address of each prospective purchaser and the cash price which each prospective purchaser shall have offered to pay for the Property and shall provide Lessor with such additional information about the
bids and the bid solicitation procedure as Lessor may reasonably request from time to time. All such prospective purchasers must be Persons other than any Credit Party or any Affiliate or Subsidiary of any Credit Party. On the Sale Date, Lessee
shall pay (or cause to be paid) to Lessor and all other parties, as appropriate, all Rent and all other amounts then due and payable or accrued under this Lease and/or any other Operative Agreement, together with the costs and expenses incurred by
Lessor and/or the Agent respecting the sale of the Property. 
 Lessor may reject any and all bids and may
solicit and obtain bids by giving Lessee written notice to that effect; provided, however, that notwithstanding the foregoing, Lessor may not reject the bids submitted by Lessee if such bids, in the

  

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aggregate, are greater than or equal to the Limited Recourse Amount for the Property, and represent bona fide offers from one (1) or more third party purchasers. If the highest price which a
prospective purchaser or the prospective purchasers shall have offered to pay for the Property on the Sale Date is less than the Limited Recourse Amount for the Property or if such bids do not represent bona fide offers from one (1) or more
third parties or if there are no bids, Lessor may elect to retain the Property by giving Lessee prior written notice of Lessor’s election to retain the same, and promptly upon receipt of such notice, Lessee shall surrender, or cause to be
surrendered, the Property in accordance with the terms and conditions of Section 10.1. Upon acceptance of any bid, Lessor agrees, at Lessee’s request and expense, to execute a contract of sale with respect to such sale, so long as
the same is consistent with the terms of this Article XXII and provides by its terms that it is nonrecourse to Lessor. 

Unless Lessor shall have elected to retain the Property pursuant to the provisions of the preceding paragraph, Lessee
shall arrange for Lessor to sell the Property free and clear of the Lien of this Lease and any Lessor Liens without recourse or warranty (of title or otherwise), for cash on the Sale Date to the purchaser or purchasers offering the highest cash
sales price, as identified by Lessee or Lessor, as the case may be; provided, however, solely as to Lessor, any Lessor Lien shall not constitute a Lessor Lien so long as Lessor is diligently and in good faith contesting, at the cost
and expense of Lessor, such Lessor Lien by appropriate proceedings in which event the applicable Sale Date, all without penalty or cost to Lessee, shall be delayed for the period of such contest. To effect such transfer and assignment, Lessor shall
execute, acknowledge (where required) and deliver to the appropriate purchaser each of the following: (a) special or limited warranty Deeds conveying the Property (to the extent it is real property titled to Lessor) and an assignment of the
Ground Lease conveying the leasehold interest of Lessor in the Property (to the extent it is real property and subject to a Ground Lease) to the appropriate purchaser free and clear of the Lien of this Lease, the Lien of the Credit Documents and any
Lessor Liens; (b) a bill of sale conveying the Property (to the extent it is personal property) titled to Lessor to the appropriate purchaser free and clear of the Lien of this Lease, the Lien of the Credit Documents and any Lessor Liens and,
to the extent the following are agreed to by the Agent in its reasonable discretion, such title affidavits and other documents as may be reasonably requested by any title insurance underwriter issuing title insurance in connection with the
acquisition of the Property by the appropriate purchaser; (c) any real estate tax affidavit or other document required by law to be executed and filed in order to record the Deed and/or each Ground Lease assignment; and (d) FIRPTA
affidavits, as appropriate. All of the foregoing documentation must be in form and substance reasonably satisfactory to Lessor. Lessee shall surrender the Property so sold or subject to such documents to each purchaser in the condition specified in
Section 10.1, or in such other condition as may be agreed between Lessee and such purchaser. Lessee shall not take or fail to take any action which would have the effect of unreasonably discouraging bona fide third party bids for the
Property. 
 (b) In the event Lessee shall have elected the Sale Option, Lessee hereby unconditionally promises
to pay to Lessor on the earlier of the Sale Date or the Expiration Date, the Maximum Residual Guarantee Amount. On the Sale Date if (x)

 

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Lessor receives the aggregate Termination Value for the Property from one (1) or more third party purchasers and (y) Lessor and such other parties receive all other amounts specified in
the last sentence of the first paragraph of Section 22.1(a) then Lessee may retain any excess above Termination Value. If the Property is retained by Lessor pursuant to an affirmative election made by Lessor pursuant to the provisions of
Section 22.1(a), then Lessee hereby unconditionally promises to pay to Lessor on the Sale Date all Basic Rent and Supplemental Rent (exclusive of a payment of the Termination Value) due and payable on or prior to the Sale Date and,
without duplication, all other amounts then due and owing pursuant to the Operative Agreements and, without duplication, an amount equal to the Maximum Residual Guarantee Amount. Any payment of the foregoing amounts described in this
Section 22.1(b) shall be made, without duplication, together with a payment of all Rent and all other amounts referenced in the last sentence of the first paragraph of Section 22.1(a). 

(c) In the event that the Property is either sold to one (1) or more third party purchasers on the Sale Date or
retained by Lessor in connection with an affirmative election made by Lessor pursuant to the provisions of Section 22.1(a), then in either case on the applicable Sale Date Lessee shall provide Lessor or such third party purchaser (unless
otherwise agreed by such third party purchaser) with (i) all permits, certificates of occupancy, governmental licenses and authorizations necessary to use, operate, repair, access and maintain the Property for the purpose it is being used by
Lessee, and (ii) such manuals, permits, easements, licenses, intellectual property, know-how, rights-of-way and other rights and privileges in the nature of an easement as are reasonably necessary or desirable in connection with the use,
operation, repair, access to or maintenance of the Property for its intended purpose or otherwise as Lessor or such third party purchaser(s) shall reasonably request (and a royalty-free license or similar agreement to effectuate the foregoing on
terms reasonably agreeable to Lessor or such third party purchaser(s), as applicable). All assignments, licenses, easements, agreements and other deliveries required by clauses (i) and (ii) of this paragraph (c) shall be in form
reasonably satisfactory to Lessor or such third party purchaser(s), as applicable, and shall be fully assignable (including without limitation both primary assignments and assignments given in the nature of security) without payment of any fee, cost
or other charge. Lessee shall also execute any documentation requested by Lessor or such third party purchaser(s), as applicable, evidencing the continuation or assignment of each Ground Lease. 

 

	 	22.2	Application of Proceeds of Sale. 

In the event Lessee receives any proceeds of sale of the Property, such proceeds shall be deemed to have been received in trust on behalf
of Lessor and Lessee shall promptly remit such proceeds to Lessor. Lessor shall apply the proceeds of sale of the Property in the following order of priority: 

(a) FIRST, to pay or to reimburse Lessor (and/or the Agent, as the case may be) for the payment of all reasonable
costs and expenses incurred by Lessor (and/or the Agent, as the case may be) in connection with the sale (to the extent Lessee has not satisfied its obligation to pay such costs and expenses); and 

 

 35 

 (b) SECOND, in accordance with Section 8.7 of the
Participation Agreement and the Intercreditor Agreement. 
  

	 	22.3	Indemnity for Excessive Wear. 

If the proceeds of the sale described in Section 22.1 with respect to the Property shall be less than the Limited Recourse
Amount with respect to the Property, and at the time of such sale it shall have been reasonably determined (pursuant to the Appraisal Procedure) that the Fair Market Sales Value of the Property shall have been impaired by greater than expected wear
and tear during the term of the Lease, Lessee shall pay to Lessor within ten (10) days after receipt of Lessor’s written statement (i) the amount of such excess wear and tear determined by the Appraisal Procedure or (ii) the
amount of the Sale Proceeds Shortfall, whichever amount is less. 
  

	 	22.4	Appraisal Procedure. 

For determining the Fair Market Sales Value of the Property or any other amount which may, pursuant to any provision of any Operative
Agreement, be determined by an appraisal procedure, Lessor and Lessee shall use the following procedure (the “Appraisal Procedure”). Lessor and Lessee shall endeavor to reach a mutual agreement as to such amount for a period of ten
(10) days from commencement of the Appraisal Procedure under the applicable section of the Lease, and if they cannot agree within ten (10) days, then two (2) qualified appraisers, one (1) chosen by Lessee and one (1) chosen
by Lessor, shall mutually agree thereupon, but if either party shall fail to choose an appraiser within twenty (20) days after notice from the other party of the selection of its appraiser, then the appraisal by such appointed appraiser shall
be binding on Lessee and Lessor. If the two (2) appraisers cannot agree within twenty (20) days after both shall have been appointed, then a third appraiser shall be selected by the two (2) appraisers or, failing agreement as to such
third appraiser within thirty (30) days after both shall have been appointed, by the American Arbitration Association. The decisions of the three (3) appraisers shall be given within twenty (20) days of the appointment of the third
appraiser and the decision of the appraiser most different from the average of the other two (2) shall be discarded and such average shall be binding on Lessor and Lessee; provided, that if the highest appraisal and the lowest appraisal
are equidistant from the third appraisal, the third appraisal shall be binding on Lessor and Lessee. The fees and expenses of the appraiser appointed by Lessee shall be paid by Lessee; the fees and expenses of the appraiser appointed by Lessor shall
be paid by Lessor (such fees and expenses not being indemnified pursuant to Section 11 of the Participation Agreement); and the fees and expenses of the third appraiser shall be divided equally between Lessee and Lessor. 

 

	 	22.5	Certain Obligations Continue. 

During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Property (including without limitation the
installment of Basic Rent due on the Expiration Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Guarantee Amount, the amount due under Section 22.3, if any, and all
other amounts due to Lessor or any other Person with respect to the Property or any Operative 
  

 36 

 
Agreement. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such
sale, other than as expressly provided in this Article XXII. 
  

	 	22.6	Post-Expiration Sales. 

If Lessee shall have exercised the Sale Option and prior to the Expiration Date, (a) Lessee shall have either (i) failed to
submit a bid for the purchase of the Property, or (ii) if any of the bids submitted by Lessee to Lessor for the purchase of the Property has not been accepted by Lessor pursuant to Section 22.1, or (b) Lessor has accepted one
or more bids for the purchase of the Property and the Property has not been sold on or prior to the Expiration Date in accordance with the provisions of Section 22.1(b), or (c) Lessor elects to retain the Property pursuant to the
second sentence of the second paragraph of Section 22.1(a), and provided no Lease Event of Default has occurred and is continuing (including as a result of Lessee’s failure to comply with any of the requirements at
Articles XX and XXII), then all bids submitted by Lessee to Lessor for the purchase of the Property shall be deemed rejected, and the Lessee shall deliver possession of the Property to Lessor on the Expiration Date and in the
condition required by Section 22.1, and Lessee shall unconditionally pay to Lessor on the Expiration Date a Supplemental Rent payment equal to the Maximum Residual Guarantee Amount plus all accrued Basic Rent and any Supplemental Rent
due and payable. Thereafter (except for obligations of indemnity including without limitation under Section 11 of the Participation Agreement and for other obligations of Lessee under the Operative Agreements which are expressed to
survive), Lessee shall have no further obligation to pay Rent or the remaining unpaid Property Cost with respect to the Property. Nothing in this Section 22.6 shall adversely affect any other rights of Lessor to terminate this Lease or
to pursue any remedy hereunder as a result of a Lease Event of Default arising as a result of Lessee’s failure to comply with the requirements set forth herein. Following the delivery of the Property to Lessor pursuant to this
Section 22.6, Lessor shall be free to sell or lease the Property to any party for such amounts, as Lessor determines in its sole discretion in order to maximize Lessor’s opportunity to recover the portion of the Post-Expiration
Balance for the Property. Proceeds from any such sale of the Property shall be applied as provided in Section 8.7(d) of the Participation Agreement and the Intercreditor Agreement. If Lessor fails to sell the Property prior to the two
year anniversary of the Expiration Date, Lessor shall obtain an appraisal from an independent appraiser selected by Lessor which shall establish the Fair Market Sales Value of the Property (as “dark”) as of the end of such two year period
and Lessor shall pay to Lessee the lesser of (x) the Maximum Residual Guarantee Amount paid by Lessee with respect to the Property and (y) the difference, if any, between the Fair Market Sales Value of the Property and the Post-Expiration
Date Balance (as of the two year anniversary of the Expiration Date). Lessor shall be entitled to reimbursement of such amount paid to Lessee pursuant to the immediately preceding sentence from the proceeds of any sale of the Property applied in
accordance with Section 8.7 of the Participation Agreement. To the greatest extent permitted by law, Lessee hereby unconditionally and irrevocably waives and releases Lessor from any right to require Lessor following the Expiration Date
to sell the Property for any minimum purchase price or on any particular terms or conditions. 
  

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 ARTICLE XXIII 

23.1 Holding Over. 

If Lessee shall for any reason remain in possession of the Property after the expiration or earlier termination of this Lease as to the
Property (unless the Property is conveyed to Lessee), such possession shall be as a tenancy at sufferance during which time Lessee shall continue to pay Supplemental Rent that would be payable by Lessee hereunder were the Lease then in full force
and effect with respect to the Property and Lessee shall continue to pay Basic Rent at the lesser of the highest lawful rate and one hundred ten percent (110%) of the last payment of Basic Rent due with respect to the Property prior to such
expiration or earlier termination of this Lease. Such Basic Rent shall be payable from time to time upon demand by Lessor and such additional amount of Basic Rent shall be applied by Lessor ratably to the Primary Financing Parties based on their
relative amounts of the then outstanding aggregate Property Cost for the Property. During any period of tenancy at sufferance, Lessee shall, subject to the second preceding sentence, be obligated to perform and observe all of the terms, covenants
and conditions of this Lease, but shall have no rights hereunder other than the right, to the extent given by law to tenants at sufferance, to continue their occupancy and use of the Property. Nothing contained in this Article XXIII
shall constitute the consent, express or implied, of Lessor to the holding over of Lessee after the expiration or earlier termination of this Lease as to the Property (unless the Property is conveyed to Lessee) and nothing contained herein shall be
read or construed as preventing Lessor from maintaining a suit for possession of the Property or exercising any other remedy available to Lessor at law or in equity. 

ARTICLE XXIV 

24.1 Risk of Loss. 

During the Term, unless Lessee shall not be in actual possession of the Property in question solely by reason of Lessor’s exercise of
its remedies of dispossession under Article XVII, the risk of loss or decrease in the enjoyment and beneficial use of the Property as a result of the damage or destruction thereof by fire, the elements, casualties, thefts, riots, wars or
otherwise is assumed by Lessee, and Lessor shall in no event be answerable or accountable therefor. 
 ARTICLE XXV

 25.1 Assignment. 

(a) Lessee may not assign this Lease or any of its rights or obligations hereunder or with respect to the Property in
whole or in part to any Person without the prior written consent of the Agent, the Primary Financing Parties and Lessor, such consent to be granted or withheld in the sole discretion of each such party. 

 

 38 

 (b) No assignment by Lessee (referenced in this Section 25.1 or
otherwise) or other relinquishment of possession to the Property shall in any way discharge or diminish any of the obligations of Lessee to Lessor hereunder and Lessee shall remain directly and primarily liable under the Operative Agreements as to
any rights or obligations assigned by Lessee or regarding the Property in which rights or obligations have been assigned or otherwise transferred. 

25.2 Subleases. 

(a) Promptly, but in any event within five (5) Business Days, following the execution and delivery of any sublease
permitted by this Article XXV, Lessee shall notify Lessor of the execution of such sublease. As of the date of each Lease Supplement, Lessee shall lease the Property described in the Lease Supplement from Lessor, and any existing tenant
respecting the Property shall automatically be deemed to be a subtenant of Lessee and not a tenant of Lessor. 

(b) Without the prior written consent of the Agent, any Credit Lender, any Mortgage Lender or Lessor and subject to the
other provisions of this Section 25.2, Lessee may sublet the Property or portion thereof to any Person to the extent, but only to the extent, that all of the requirements of Sections 25.2(a), (b) and
(c) are satisfied. Except as referenced in the immediately preceding sentence, no other subleases shall be permitted unless consented to in writing by Lessor, such consent not to be unreasonably withheld or delayed. All subleasing shall
be done on market terms and shall in no way diminish the fair market value or useful life of the Property. 
 (c)
No sublease (referenced in this Section 25.2 or otherwise) or other relinquishment of possession to the Property shall in any way discharge or diminish any of Lessee’s obligations to Lessor hereunder and Lessee shall remain directly
and primarily liable under this Lease as to the Property, or portion thereof, so sublet. The term of any such sublease shall not extend beyond the Expiration Date; provided, notwithstanding the foregoing, the term of a sublease otherwise
permitted under this Section 25.2 may extend beyond the Expiration Date so long as (i) the terms and conditions of such sublease are commercially reasonable and the rent payable thereunder is no less than a market rent for the
Property (or a portion thereof subject to such sublease), (ii) Lessor shall not be personally liable for any obligations under such sublease, (iii) Lessee has furnished a copy of such sublease to the Lessor, and (iv) if requested by
the Lessor, Lessee furnishes to Lessor (at Lessee’s sole cost and expense) written confirmation from an independent appraiser (reasonably acceptable to Lessor) that the condition set forth in clause (i) has been satisfied. If requested by
Lessee in writing, the Lessor shall execute and deliver a subordination and non-disturbance agreement for the benefit of any sublessee under a sublease permitted hereunder; provided, (I) such subordination and non-disturbance agreement
shall be in form and substance mutually agreeable to the Lessor, the Agent and such sublessee, and (II) the Lessee shall pay or reimburse the Lessor and each other Financing Party for any and all reasonable costs and expenses incurred by such
Persons in connection with the execution of such subordination and non-disturbance agreement, including without limitation reasonable attorneys’ fees and disbursements. Except as otherwise provided in this Section 25.2(c), each
sublease shall be expressly subject and subordinate to this Lease. 
  

 39 

 ARTICLE XXVI 

26.1 No Waiver. 

No failure by Lessor or Lessee to insist upon the strict performance of any term hereof or to exercise any right, power or remedy upon a
default hereunder, and no acceptance of full or partial payment of Rent during the continuance of any such default, shall constitute a waiver of any such default or of any such term. To the fullest extent permitted by law, no waiver of any default
shall affect or alter this Lease, and this Lease shall continue in full force and effect with respect to any other then existing or subsequent default. 

ARTICLE XXVII 

27.1 Acceptance of Surrender. 

No surrender to Lessor of this Lease or of the Property or of any part of any thereof or of any interest therein shall be valid or
effective unless agreed to and accepted in writing by Lessor and no act by Lessor or the Agent or any representative or agent of Lessor or the Agent, other than a written acceptance, shall constitute an acceptance of any such surrender. 

27.2 No Merger of Title. 

There shall be no merger of this Lease or of the leasehold estate created hereby by reason of the fact that the same Person may acquire,
own or hold, directly or indirectly, in whole or in part, (a) this Lease or the leasehold estate created hereby or any interest in this Lease or such leasehold estate, (b) any right, title or interest in the Property, (c) any Credit
Notes, (d) any Mortgage Notes or (e) a beneficial interest in Lessor. 
 ARTICLE XXVIII 

28.1 Limitations on Transfers By Lessor. 

As further security for Lessor’s obligations under this Lease and the other Operative Agreements and in furtherance of the underlying
transactions contemplated thereby, Lessor, by operation of law or otherwise, shall not assign, mortgage, pledge, hypothecate or otherwise transfer any portion of its interest in and to the Property, except as such is contemplated pursuant to the
Operative Agreements (which shall include Liens granted in favor of the Agent and any assignment, mortgage, pledge, hypothecation or other transfer of any portion of the Property after the occurrence and during the continuance of any Lease Event of
Default) or otherwise with the written consent of Lessee and the Agent (at the direction of the Majority Secured Parties). 
  

 40 

 
Lessor acknowledges and agrees that the prohibition in the preceding sentence is reasonable and supported by consideration and is intended, among other things, to protect Lessee’s interest
in the Property. 
 ARTICLE XXIX 

29.1 Notices. 

All notices required or permitted to be given under this Lease shall be in writing and delivered as provided in the Participation
Agreement. 
 ARTICLE XXX 

30.1 Miscellaneous. 

Anything contained in this Lease to the contrary notwithstanding, all claims against and liabilities of Lessee or Lessor arising from
events commencing prior to the expiration or earlier termination of this Lease shall survive such expiration or earlier termination. If any provision of this Lease shall be held to be unenforceable in any jurisdiction, such unenforceability shall
not affect the enforceability of any other provision of this Lease and such jurisdiction or of such provision or of any other provision hereof in any other jurisdiction. 

30.2 Amendments and Modifications. 

Neither this Lease nor any Lease Supplement may be amended, waived, discharged or terminated except in accordance with the provisions of
Section 12.4 of the Participation Agreement. 
 30.3 Successors and Assigns. 

All the terms and provisions of this Lease shall inure to the benefit of the parties hereto and their respective successors and permitted
assigns. 
 30.4 Headings and Table of Contents. 

The headings and table of contents in this Lease are for convenience of reference only and shall not limit or otherwise affect the meaning
hereof. 
 30.5 Counterparts. 

This Lease may be executed in any number of counterparts, each of which shall be an original, but all of which shall together constitute
one (1) and the same instrument. 
  

 41 

 30.6 GOVERNING LAW. 

THIS LEASE SHALL BE GOVERNED BY AND CONSTRUED, INTERPRETED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, EXCEPT TO
THE EXTENT THE LAWS OF THE STATE WHERE A PARTICULAR PROPERTY IS LOCATED ARE REQUIRED TO APPLY. 
 30.7 Calculation of
Rent. 
 All calculation of Rent payable hereunder shall be computed based on the actual number of days elapsed over a
year of three hundred sixty (360) days or, to the extent such Rent is based on the Prime Lending Rate, three hundred sixty-five (365) (or three hundred sixty-six (366), as applicable) days. 

30.8 Memoranda of Lease and Lease Supplements. 

This Lease shall not be recorded; provided, Lessor and Lessee shall promptly record a document consisting of a memorandum of this
Lease and applicable Lease Supplement (in substantially the form of Exhibit B attached hereto) or a short form lease (in form and substance reasonably satisfactory to Lessor) regarding the Property promptly after the acquisition thereof
in the local filing office with respect thereto, in all cases at Lessee’s cost and expense, and as required under applicable law to sufficiently evidence this Lease and any such Lease Supplement in the applicable real estate filing records.

 30.9 Allocations among the Primary Financing Parties. 

Notwithstanding any other term or provision of this Lease to the contrary, the allocations of the proceeds of the Property and any and all
other Rent and other amounts received hereunder shall be subject to the inter-creditor provisions among the Primary Financing Parties contained in the Operative Agreements (or as otherwise agreed among the Primary Financing Parties from time to
time). 
 30.10 Limitations on Recourse. 

Notwithstanding anything contained in this Lease to the contrary, Lessee agrees to look solely to Lessor’s estate and interest in the
Property (and in no circumstance to the Agent or to any Primary Financing Party) for the collection of any judgment requiring the payment of money by Lessor in the event of liability by Lessor, and no other property or assets of Lessor or any
shareholder, owner or partner (direct or indirect) in or of Lessor, or any director, officer, employee, beneficiary, Affiliate of any of the foregoing shall be subject to levy, execution or other enforcement procedure for the satisfaction of the
remedies of Lessee under or with respect to this Lease, the relationship of Lessor and Lessee hereunder or Lessee’s use of the Property or any other liability of Lessor to Lessee. Nothing in this Section shall be interpreted so as to limit the
terms of Sections 6.1 or 6.2 of this Lease or the provisions of Section 12.9 of the Participation Agreement. 
  

 42 

 30.11 WAIVERS OF JURY TRIAL. 

EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY, TO THE FULLEST EXTENT ALLOWED BY APPLICABLE LAW, WAIVE TRIAL BY JURY IN ANY
LEGAL ACTION OR PROCEEDING RELATING TO THIS LEASE AND FOR ANY COUNTERCLAIM THEREIN. 
 30.12 Exercise of Lessor
Rights. 
 Lessee hereby acknowledges and agrees that the rights and powers of Lessor under this Lease have been assigned
to the Agent pursuant to the terms of the Security Agreement and the other Operative Agreements. Lessor and Lessee hereby acknowledge and agree that (a) the Agent shall, in its discretion, direct and/or act on behalf of Lessor pursuant to the
provisions of Sections 8.2(d) and 8.6 of the Participation Agreement, (b) all notices to be given to Lessor shall be given to the Agent and (c) all notices to be given by Lessor may be given by the Agent, at its
election. 
 30.13 SUBMISSION TO JURISDICTION; VENUE. 

THE PROVISIONS OF THE PARTICIPATION AGREEMENT RELATING TO SUBMISSION TO JURISDICTION AND VENUE ARE HEREBY INCORPORATED BY REFERENCE
HEREIN, MUTATIS MUTANDIS. 
 30.14 USURY SAVINGS PROVISION. 

IT IS THE INTENT OF THE PARTIES HERETO TO CONFORM TO AND CONTRACT IN STRICT COMPLIANCE WITH APPLICABLE USURY LAW FROM TIME TO TIME IN
EFFECT. TO THE EXTENT ANY RENT OR PAYMENTS HEREUNDER ARE HEREINAFTER CHARACTERIZED BY ANY COURT OF COMPETENT JURISDICTION AS THE REPAYMENT OF PRINCIPAL AND INTEREST THEREON, THIS SECTION 30.14 SHALL APPLY. ANY SUCH RENT OR PAYMENTS SO
CHARACTERIZED AS INTEREST MAY BE REFERRED TO HEREIN AS “INTEREST.” ALL AGREEMENTS AMONG THE PARTIES HERETO ARE HEREBY LIMITED BY THE PROVISIONS OF THIS PARAGRAPH WHICH SHALL OVERRIDE AND CONTROL ALL SUCH AGREEMENTS, WHETHER NOW EXISTING OR
HEREAFTER ARISING AND WHETHER WRITTEN OR ORAL. IN NO WAY, NOR IN ANY EVENT OR CONTINGENCY (INCLUDING WITHOUT LIMITATION PREPAYMENT OR ACCELERATION OF THE MATURITY OF ANY OBLIGATION), SHALL ANY INTEREST TAKEN, RESERVED, CONTRACTED FOR, CHARGED, OR
RECEIVED UNDER THIS LEASE OR OTHERWISE, EXCEED THE MAXIMUM NONUSURIOUS AMOUNT PERMISSIBLE UNDER APPLICABLE LAW. IF, FROM ANY POSSIBLE CONSTRUCTION OF ANY OF THE OPERATIVE AGREEMENTS OR ANY OTHER DOCUMENT OR AGREEMENT, INTEREST WOULD OTHERWISE BE
PAYABLE IN EXCESS OF THE MAXIMUM NONUSURIOUS AMOUNT, ANY SUCH CONSTRUCTION SHALL BE SUBJECT TO THE PROVISIONS OF THIS PARAGRAPH AND SUCH AMOUNTS UNDER SUCH DOCUMENTS OR AGREEMENTS SHALL BE 

 

 43 

 
AUTOMATICALLY REDUCED TO THE MAXIMUM NONUSURIOUS AMOUNT PERMITTED UNDER APPLICABLE LAW, WITHOUT THE NECESSITY OF EXECUTION OF ANY AMENDMENT OR NEW DOCUMENT OR AGREEMENT. IF LESSOR SHALL EVER
RECEIVE ANYTHING OF VALUE WHICH IS CHARACTERIZED AS INTEREST WITH RESPECT TO THE OBLIGATIONS OWED HEREUNDER OR UNDER APPLICABLE LAW AND WHICH WOULD, APART FROM THIS PROVISION, BE IN EXCESS OF THE MAXIMUM LAWFUL AMOUNT, AN AMOUNT EQUAL TO THE AMOUNT
WHICH WOULD HAVE BEEN EXCESSIVE INTEREST SHALL, WITHOUT PENALTY, BE APPLIED TO THE REDUCTION OF THE COMPONENT OF PAYMENTS DEEMED TO BE PRINCIPAL AND NOT TO THE PAYMENT OF INTEREST, OR REFUNDED TO LESSEE OR ANY OTHER PAYOR THEREOF, IF AND TO THE
EXTENT SUCH AMOUNT WHICH WOULD HAVE BEEN EXCESSIVE EXCEEDS THE COMPONENT OF PAYMENTS DEEMED TO BE PRINCIPAL. THE RIGHT TO DEMAND PAYMENT OF ANY AMOUNTS EVIDENCED BY ANY OF THE OPERATIVE AGREEMENTS DOES NOT INCLUDE THE RIGHT TO RECEIVE ANY INTEREST
WHICH HAS NOT OTHERWISE ACCRUED ON THE DATE OF SUCH DEMAND, AND LESSOR DOES NOT INTEND TO CHARGE OR RECEIVE ANY UNEARNED INTEREST IN THE EVENT OF SUCH DEMAND. ALL INTEREST PAID OR AGREED TO BE PAID TO LESSOR SHALL, TO THE EXTENT PERMITTED BY
APPLICABLE LAW, BE AMORTIZED, PRORATED, ALLOCATED, AND SPREAD THROUGHOUT THE FULL STATED TERM (INCLUDING WITHOUT LIMITATION ANY RENEWAL OR EXTENSION) OF THIS LEASE SO THAT THE AMOUNT OF INTEREST ON ACCOUNT OF SUCH PAYMENTS DOES NOT EXCEED THE
MAXIMUM NONUSURIOUS AMOUNT PERMITTED BY APPLICABLE LAW. 
 [remainder of page intentionally left blank] 

 

 44 

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

			
	 WACHOVIA DEVELOPMENT CORPORATION,

as Lessor

		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

			
	Witnesses:
		
	By:	 	  

	Name:	 	  

		
	By:	 	  

	Name:	 	  

[signature pages continue] 
  

 Second Amended and Restated Lease Agreement 

Convergys Corporation 

			
	CONVERGYS CORPORATION, as Lessee
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

			
	Witnesses:
		
	By:	 	  

	Name:	 	  

		
	By:	 	  

	Name:	 	  

[signature pages continue] 
  

 Second Amended and Restated Lease Agreement 

Convergys Corporation 

 Receipt of this original counterpart of the foregoing Lease is hereby acknowledged as the date hereof.

  

			
	 WELLS FARGO BANK, NATIONAL

ASSOCIATION, as the Agent

		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

			
	Witnesses:
		
	By:	 	  

	Name:	 	  

		
	By:	 	  

	Name:	 	  

[signature pages end] 
  

 Second Amended and Restated Lease Agreement 

Convergys Corporation 

 EXHIBIT A TO THE LEASE 

SECOND AMENDED AND RESTATED LEASE SUPPLEMENT NO. 1 

THIS SECOND AMENDED AND RESTATED LEASE SUPPLEMENT NO. 1 (this “Lease Supplement”) dated as of June 30, 2010 between
WACHOVIA DEVELOPMENT CORPORATION, as lessor (the “Lessor”), and CONVERGYS CORPORATION, an Ohio corporation, as lessee (the “Lessee”). 

WHEREAS, Lessor is the owner of a portion of the Property and the ground lessee of a portion of the Property described on
Schedule 1 hereto (the “Leased Property”) and wishes to lease the same to Lessee; 
 NOW,
THEREFORE, in consideration of the premises and the mutual agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

SECTION 1. Definitions; Rules of Usage. For purposes of this Lease Supplement, capitalized terms used herein and not otherwise
defined herein shall have the meanings assigned to them in Appendix A to the Amended and Restated Participation Agreement, dated as of June 30, 2010, among Lessee, Lessor, the various parties thereto from time to time as the
Guarantors, the various financial institutions and other institutional investors which are parties thereto from time to time, as the Credit Lenders, the various financial institutions and other institutional investors which are parties thereto from
time to time, as the Mortgage Lenders, and Wells Fargo Bank, National Association (successor-by-merger to Wachovia Bank, National Association), as the Agent for the Primary Financing Parties and respecting the Security Documents, as the Agent for
the Secured Parties, to the extent of their interests, as such may be amended, modified, extended, supplemented, restated and/or replaced from time to time. 

SECTION 2. The Properties. Attached hereto as Schedule 1 is the description of the Leased Property, with an Equipment
Schedule attached hereto as Schedule 1-A, an Improvement Schedule attached hereto as Schedule 1-B and the legal description of the Land attached hereto as Schedule 1-C. Effective upon the execution and
delivery of this Lease Supplement by Lessor and Lessee, the Lessor hereby leases the Leased Property to the Lessee and the Leased Property shall be subject to the terms and provisions of the Lease. Without further action, any and all additional
Equipment funded under the Operative Agreements and any and all additional Improvements made to the Land shall be deemed to be titled to the Lessor and subject to the terms and conditions of the Lease and this Lease Supplement. 

This Lease Supplement shall constitute a mortgage, deed of trust, assignment of leases, rents and profits, security agreement and
financing statement under the laws of the state in which the Leased Property is situated. The maturity date of the obligations secured hereby shall be June 30, 2015. 

For purposes of provisions of the Lease and this Lease Supplement related to the creation and enforcement of the Lease and this Lease
Supplement as a security agreement and a fixture 
  

 Exhibit A - 1 

 
filing, Lessee is the debtor and Lessor is the secured party. The mailing addresses of the debtor (Lessee herein) and of the secured party (Lessor herein) from which information concerning
security interests hereunder may be obtained are set forth on the signature pages hereto. A carbon, photographic or other reproduction of the Lease and this Lease Supplement or of any financing statement related to the Lease and this Lease
Supplement shall be sufficient as a financing statement for any of the purposes referenced herein. The Organizational Number for the Lessor is #0227005 and for the Lessee is #947163. The Lessor is a corporation organized under the laws of the State
of North Carolina. The Lessee is a corporation organized under the laws of the State of Ohio. All documentary stamps due and payable or to become due and payable pursuant to s. 201.22 F.S. have been paid. 

SECTION 3. Use of Property. At all times during the Term with respect to each Property, Lessee will comply with all obligations
under and (to the extent no Event of Default exists and provided, that such exercise will not impair the value of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related
or similar agreements applicable to such Property. 
 SECTION 4. Ratification; Incorporation by Reference. Except as
specifically modified hereby, the terms and provisions of the Lease and the Operative Agreements are hereby ratified and confirmed and remain in full force and effect. The Lease is hereby incorporated herein by reference as though restated herein in
its entirety. 
 SECTION 5. Original Lease Supplement. The single executed original of this Lease Supplement marked
“THIS COUNTERPART IS THE ORIGINAL EXECUTED COUNTERPART” on the signature page thereof and containing the receipt of the Agent therefor on or following the signature page thereof shall be the original executed counterpart of this Lease
Supplement (the “Original Executed Counterpart”). To the extent that this Lease Supplement constitutes chattel paper, as such term is defined in the Uniform Commercial Code as in effect in any applicable jurisdiction, no security
interest in this Lease Supplement may be created through the transfer or possession of any counterpart other than the Original Executed Counterpart. 

SECTION 6. GOVERNING LAW. THIS LEASE SUPPLEMENT SHALL BE GOVERNED BY AND CONSTRUED, INTERPRETED AND ENFORCED IN ACCORDANCE WITH
THE LAW OF THE STATE OF NEW YORK, EXCEPT TO THE EXTENT THE LAWS OF THE STATE WHERE A PARTICULAR PROPERTY IS LOCATED ARE REQUIRED TO APPLY. 

SECTION 7. Mortgage; Power of Sale. Without limiting any other remedies set forth in the Lease, in the event that a court of
competent jurisdiction rules that the Lease constitutes a mortgage, deed of trust or other secured financing as is the intent of the parties, then Lessor and Lessee agree that Lessee hereby grants to Lessor and its successors and assigns a Lien
against the Leased Property WITH POWER OF SALE, to the extent provided by law, and that, upon the occurrence of any Lease Event of Default, Lessor shall have the power and authority, to the extent provided by law, after prior notice and lapse of
such time as may be required by law, to foreclose its interest (or cause such interest to be foreclosed) in all or any part of the Leased Property. 
  

 Exhibit A - 2 

 SECTION 8. Assignment. 

(a) The Lessee hereby immediately and absolutely sells, assigns, transfers, and sets over unto Lessor, its successors and assigns, the
rights, interests and privileges which Lessee may have as lessor in any and all leases and subleases now existing or hereafter made that affect the Leased Property. In furtherance of the foregoing assignment of leases, rents and profits, Lessee
hereby irrevocably appoints Lessor as its agent and attorney-in-fact, in its name and stead (with or without taking possession of the Leased Property) to rent, lease or let all or any portion of the Leased Property to any party or parties at such
rental and upon such terms as the Lessor shall, in the Lessor’s discretion, determine, and hereby authorizes the Lessor to collect all rents and profits arising or accruing from any and all leases and subleases of the Leased Property at any
time hereafter, and all now due or that may hereafter become due under each and every of the leases and subleases, written or oral, or other tenancy existing, or which may hereafter exist on the Leased Property, with the same rights and powers and
subject to the same immunities, exoneration of liability and rights of recourse and indemnity as the Lessor would have upon taking possession pursuant, and Lessee hereby directs each tenant of the Leased Property to pay all rents and profits for
which such tenant is liable directly to Lessor, provided, however, that until terminated and revoked as hereinafter provided, Lessee shall have the privilege and is hereby granted a revocable license to enter into, amend, modify and
terminate leases and subleases as provided in the Operative Agreements and to collect the rents and profits as they become due and payable. Upon the occurrence of an Event of Default, the privilege and license hereby granted to Lessee to enter into,
amend, modify and terminate leases and subleases and to collect the rents and profits shall automatically cease, terminate and be revoked, and the Lessor at the Lessor’s option (but without any obligation to do so), may elect, by notice in
writing to Lessee, to thereafter exercise the rights and powers granted herein and collect all rents and profits as they become due and payable either directly or by a receiver appointed by a court, in addition to any other rights and remedies
provided for herein, without regard to the adequacy of the security for the obligations secured hereby and without bringing any action or proceeding, or filing or recording any notice of default or election to foreclose the lien evidenced by this
Lease Supplement or to sell the Leased Property or any party thereof. 
 (b) The collection and acceptance of all or any portion
of the rents and profits by the Lessor shall not constitute a waiver of any other right which the Lessor may have under the Lease or applicable law. The Lessor’s failure to collect any such rents and profits shall not in any manner affect the
Lessor’s subsequent enforcement of its right to collect the same. The Lessor’s receipt and application of such rents and profits under this Section after the execution and delivery of a declaration of an Event of Default and with, at the
Lessor’s option, a demand for sale, or during the pendency of non-judicial foreclosure sale or judicial foreclosure proceedings hereunder, shall not cure such Event of Default or affect such sale proceeding. 

(c) Notwithstanding anything to the contrary contained in this Lease Supplement, Lessee specifically acknowledges that the assignment of
leases and rents and profits set forth herein constitutes an absolute assignment and not an assignment as additional security. If there is an inconsistency or conflict between the terms of this Section and the remaining terms of this Lease
Supplement, this Section shall control. 
  

 Exhibit A - 3 

 (d) Upon delivery of a demand for rents and profits by the Lessor to any tenant of the
Leased Property, such tenant is authorized to pay to the Lessor the rents and profits for which it is obligated without liability on the part of such tenant to make any inquiry into the existence of any Event of Default by Lessee or the application
of such rents and profits. 
 (e) Lessee shall execute and deliver to the Lessor such further documents that the Lessor may
require to effectuate or confirm the assignment of leases and of the rents and profits set forth herein. 
 (f) With respect to
the assignment of the leases and agreements affecting the Leased Property and the rents and profits, Lessor shall not be obligated to perform or discharge any obligation or duty to be performed or discharged by Lessee under any of the leases or
agreements assigned under this Lease Supplement. Lessee hereby agrees to indemnify (on a joint and several basis) Lessor and the Secured Parties for, and to save them harmless from, any and all liability arising from any such agreements or from such
assignment. Such assignment shall not place responsibility for the control, care, management or repair of the Leased Property upon Lessor or the Secured Parties, or make Lessor and or the Secured Parties responsible or liable for any negligence in
the management, operation, upkeep, repair or control of the Leased Property resulting in loss or injury or death to any tenant, licensee, employee or stranger. 

SECTION 9. Counterpart Execution. This Lease Supplement may be executed in any number of counterparts and by each of the parties
hereto in separate counterparts, all such counterparts together constituting but one (1) and the same instrument. 

SECTION 10. Release. The parties hereto acknowledge that the Leased Property may be released from the Lease in the event
Lessee exercises its purchase option right set forth in Section 20.1 of the Lease. 
 SECTION 11.
Amendment and Restatement. This Lease Supplement amends and restates in its entirety that certain Amended and Restated Lease Supplement No. 1 dated as of June 30, 2003 between the Lessor and the Lessee (the “Existing Lease
Supplement”) and is not intended to constitute a novation in any manner whatsoever. It is the intention of Lessor and Lessee that this Lease Supplement retain the original priority of title of the Existing Lease Supplement; provided,
notwithstanding the foregoing statement of intention, no Financing Party shall have any liability whatsoever if and to the extent this Lease Supplement fails to retain such priority. 

[The remainder of this page has been intentionally left blank.] 

 

 Exhibit A - 4 

 IN WITNESS WHEREOF, each of the parties hereto has caused this Lease Supplement to be duly
executed by an officer thereunto duly authorized as of the date and year first above written. 
  

									
		 		 		    	LESSOR:
				
		 		 		    	WACHOVIA DEVELOPMENT
	WITNESSES:	 		    	CORPORATION, as Lessor
					
	By	 	                             
                                         
                    	 		    	By:	 	                             
                                         
                    
	Name (Printed)                        
                                         
     	 		    	Name:	 	                             
                                         
                    
		 		 		    	Title:	 	                             
                                         
                    
	By	 	                             
                                         
                    	 		    		 	
	Name (Printed)                        
                                         
     	 		    		 	
		 		 		    	Wachovia Development Corporation
		 		 		    	c/o Wells Fargo Securities, LLC
		 		 		    	301 South College Street
		 		 		    	MAC D1053-082
		 		 		    	Charlotte, North Carolina 28288
		 		 		    	Attn: Jack Altmeyer
				
		 		 		    	with a copy to:
				
		 		 		    	c/o Wells Fargo Securities, LLC
		 		 		    	230 West Monroe Street
		 		 		    	Suite 2900
		 		 		    	Chicago, Illinois 60606
		 		 		    	Attn: Steve Buehler
		 		 		    	Fax: (312) 553-4783
				
		 		 		    	LESSEE:
			
	WITNESSES:	 		    	CONVERGYS CORPORATION, as Lessee
					
	By	 	                             
                                         
                    	 		    	By:	 	                             
                                         
                    
	Name (Printed)                        
                                         
     	 		    	Name:	 	                             
                                         
                    
		 		 		    	Title:	 	                             
                                         
                    
	By	 	                             
                                         
                    	 		    		 	
	Name (Printed)                        
                                         
     	 		    		 	
		 		 		    	Convergys Corporation
		 		 		    	Atrium One
		 		 		    	201 East Fourth Street
		 		 		    	P.O. Box 1638
		 		 		    	Cincinnati, Ohio 45202
		 		 		    	Attn:	 	David R. Wiedwald, Treasurer
		 		 		    	Fax:	 	513-723-6556
		 		 		    	Email:	 	david.r.wiedwald@convergys.com

  

 Exhibit A - 5 

									
	Receipt of this original counterpart of the foregoing Lease Supplement is hereby acknowledged as the date hereof.	 		    		 	
				
	WELLS FARGO BANK,	 		    		 	
	NATIONAL ASSOCIATION,	 		    	WITNESS:
	as the Agent	 		    		 	
			
	By:                           
                                         
                             	 		    	By                           
                                         
                       
	Name:                           
                                         
                       	 		    	Name
(Printed)                                       
                            
	Title:                          
                                         
                          	 		    		 	
		 		 		    	By
                                         
                                         
        
		 		 		    	Name
(Printed)                                       
                            

 

 Exhibit A - 6 

					
	 STATE OF NORTH CAROLINA
	  	)	  	
		  	)	  	ss:
	 COUNTY OF MECKLENBURG
	  	)	  	

 The foregoing Lease Supplement was acknowledged before me, the undersigned Notary Public, in the
County of                      this      day of
                    , 2010, by
                    , as
                     of Wachovia Development Corporation, a North Carolina corporation, on behalf of the corporation. He/she personally
appeared before me and is/are personally known to me or produced                      as identification. 

 

			
	 [Notarial Seal]
	    	                           
                                         
                                
		    	Notary Public
	 My commission expires:
                    
	    	

  

					
	 STATE OF
                                
	  	)	  	
		  	)	  	ss:
	 COUNTY OF
                                
	  	)	  	

 The foregoing Lease Supplement was acknowledged before me, the undersigned Notary Public, in the
County of                      this      day of
                    , 2010, by
                    , as
                     of Convergys Corporation, an Ohio corporation, on behalf of the corporation. He/she personally appeared before me and
is/are personally known to me or produced                      as identification. 

 

			
	 [Notarial Seal]
	    	                           
                                         
                                
		    	Notary Public
	 My commission expires:
                    
	    	

  

					
	 STATE OF NORTH CAROLINA
	  	)	  	
		  	)	  	ss:
	 COUNTY OF MECKLENBURG
	  	)	  	

 The foregoing Lease Supplement was acknowledged before me, the undersigned Notary Public, in the
County of                      this      day of
                    , 2010, by
                    , as
                     of Wells Fargo Bank, National Association, a national banking association, as the Agent. He/she personally appeared
before me and is/are personally known to me or produced                      as identification. 

 

			
	 [Notarial Seal]
	    	                           
                                         
                                
		    	Notary Public
	 My commission expires:
                    
	    	

  

 Exhibit A - 7 

 SCHEDULE 1 

TO LEASE SUPPLEMENT NO. 1 

(Description of the Leased Property) 

See Schedule 1-C attached hereto and incorporated herein by reference. 

 

 Exhibit A - 8 

 SCHEDULE 1-A 

TO LEASE SUPPLEMENT NO. 1 

(Equipment) 
 None 

 

 Exhibit A - 9 

 SCHEDULE 1-B 

TO LEASE SUPPLEMENT NO. 1 

(Improvements) 
 The
improvements located on Schedule 1-C attached hereto and incorporated herein by reference. 
  

 Exhibit A - 10 

 SCHEDULE 1-C 

TO LEASE SUPPLEMENT NO. 1 

(Legal Description) 
  

 Exhibit A - 11 

 EXHIBIT B TO THE LEASE 

Prepared by and recordation requested by: 

Lea Stromire Johnson 
 Moore & Van
Allen, PLLC 
 Bank of America Corporate Center 

100 North Tryon Street, 47th Floor 
 Charlotte,
NC 28202-4003 
 After recordation return to: 

Moore & Van Allen, PLLC (LSJ) 
 100
North Tryon Street, Floor 47 
 Charlotte, NC 28202-4003 

Space above this line for Recorder’s use 
  

 
 SECOND AMENDED AND RESTATED
OPEN-END MORTGAGE, ASSIGNMENT OF 
 LEASES, RENTS AND PROFITS AND SECOND AMENDED AND RESTATED 

MEMORANDUM OF SECOND AMENDED AND RESTATED LEASE AND 

SECOND AMENDED AND RESTATED LEASE SUPPLEMENT NO. 1 AND OPTION 

THIS SECOND AMENDED AND RESTATED OPEN-END MORTGAGE, ASSIGNMENT OF LEASES, RENTS AND PROFITS AND SECOND AMENDED AND RESTATED MEMORANDUM OF
AMENDED AND RESTATED LEASE AND SECOND AMENDED AND RESTATED LEASE SUPPLEMENT NO. 1 AND OPTION (“Memorandum”), dated as of June 30, 2010, is by and between WACHOVIA DEVELOPMENT CORPORATION, a North Carolina corporation
(hereinafter referred to as “Lessor”) and CONVERGYS CORPORATION, an Ohio corporation, with an office at Atrium One, 201 East Fourth Street, P.O. Box 1638, Cincinnati, Ohio 45202 (hereinafter referred to as
“Lessee”). 
 WITNESSETH: 

That for value received, Lessor and Lessee do hereby covenant, promise and agree as follows: 

1. Demised Premises and Date of Lease. Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, for the Term (as
hereinafter defined), certain real property and other property located in Seminole County, Florida, which is described in the attached Schedule 1 (the “Property”), pursuant to the terms of a Second Amended and Restated Lease
Agreement between Lessor and Lessee dated as of June 30, 2010 (as such may be amended, modified, extended, 
  

  

NOTICE TO RECORDER: The transaction evidenced in part by this Memorandum is a financing transaction in which the principal amount equals
$55,000,000. No new funds are being advanced in connection with the transaction. The transaction is an amendment and restatement of a prior financing transaction in the amount of $65,000,000 which was a consolidation, amendment and restatement of
two prior financing transactions in which documentary stamp taxes and non-recurring intangible taxes have been paid on the aggregate amount of $65,200,000. Such payments have been made for the instruments recorded at O.R. Book 3565, Page 1800, and
O.R. Book 3733, Page 1297 (noted in error on the instrument recorded on Page 1277). Accordingly, no additional documentary stamp taxes or nonrecurring intangible taxes are due. 

Exhibit B-1 

 
supplemented, restated and/or replaced from time to time, “Lease”) and a Second Amended and Restated Lease Supplement No. 1 between Lessor and Lessee dated as of
June 30, 2010 (the “Lease Supplement”). Capitalized terms used in this Memorandum but not otherwise defined in this Memorandum shall have the meanings set forth therefor in or pursuant to the Lease. 

The Lease and the Lease Supplement shall constitute a mortgage and security agreement and financing statement under the laws of the state
in which the Property is situated. The maturity date of the obligations secured thereby shall be June 30, 2015. 
 For
purposes of provisions of the Lease and the Lease Supplement related to the creation and enforcement of the Lease and the Lease Supplement as a security agreement and a fixture filing, Lessee is the debtor and Lessor is the secured party. The
mailing addresses of the debtor (Lessee herein) and of the secured party (Lessor herein) from which information concerning security interests hereunder may be obtained are as set forth on the signature pages hereof. A carbon, photographic or other
reproduction of this Memorandum or of any financing statement related to the Lease and the Lease Supplement shall be sufficient as a financing statement for any of the purposes referenced herein. The Organizational Number for the Lessor is #0227005
and for the Lessee is #947163. All documentary stamps due and payable or to become due and payable pursuant to s. 201.22 F.S. have been paid. 

2. Term and Purchase Option. The term of the Lease for the Property (“Term”) commenced as of June 30, 2010,
and shall end as of June 30, 2015, unless the Term is earlier terminated in accordance with the provisions of the Lease. The tenant has a purchase option under the Lease. 

3. Tax Payer Numbers. 

Lessor’s tax payer number: 56-1610288. 

Lessee’s tax payer number: 31-1598292. 

4. Effect of Memorandum. The purpose of this instrument is to give notice of the Lease and the Lease Supplement and their
respective terms, covenants and conditions to the same extent as if the Lease and the Lease Supplement were fully set forth herein. This Memorandum shall not modify in any manner the terms, conditions or intent of the Lease or the Lease Supplement
and the parties agree that this Memorandum is not intended nor shall it be used to interpret the Lease or the Lease Supplement or determine the intent of the parties under the Lease or the Lease Supplement. 

5. Grant of Lien. 

(a) For all purposes except for financial accounting purposes, Lessor and Lessee intend the Lease and the Lease Supplement to constitute a
finance lease and not a true lease. In order to secure the obligations of Lessee now existing or hereafter arising under any and all Operative Agreements, Lessee (pursuant to Section 7.1(b) of the Lease) conveyed, granted, assigned,
transferred, hypothecated, mortgaged and set over, and does hereby convey, grant, 
  

 Exhibit B - 2 

 
assign, transfer, hypothecate, mortgage and set over, to Lessor a first priority security interest in and lien (but subject to the security interest and lien in the assets granted by Lessee in
favor of the Agent in accordance with the Security Documents) on all right, title and interest of Lessee (now owned or hereafter acquired) in and to the Property (and any other property subject to the Lease from time to time) to the extent such is
personal property and irrevocably MORTGAGED, GRANTED, BARGAINED, SOLD, ALIENED, REMISED, RELEASED, CONFIRMED AND CONVEYED and does hereby irrevocably MORTGAGE, GRANT, BARGAIN, SELL, ALIEN, REMISE, RELEASE, CONFIRM AND CONVEY, to Lessor, a lien and
mortgage (but subject to the lien and mortgage in the assets granted by Lessee in favor of the Agent in accordance with the Security Documents) on all right, title and interest of Lessee (now owned or hereafter acquired) in and to the Property (and
any other property subject to the Lease from time to time) to the extent such is a real property. The security interest, lien and mortgage in the assets granted by Lessee in favor of Lessor are hereby assigned by Lessor to the Agent, for the benefit
of all Financing Parties, subject to additional security interests, liens, deeds of trust and mortgages granted by Lessor to the Agent, for the benefit of all Financing Parties. Lessor and Lessee further intend and agree that, for the purpose of
securing the obligations of Lessee to Lessor now existing or hereafter arising under the Operative Agreements, (i) the Lease and the Lease Supplement shall be a security agreement and financing statement within the meaning of Article 9 of the
Uniform Commercial Code respecting the Property (and any other property subject to the Lease from time to time) and all proceeds (including without limitation insurance proceeds thereof) to the extent such is personal property and an irrevocable
grant and conveyance of a lien and mortgage on the Property (and any other property subject to the Lease from time to time) and all proceeds (including without limitation insurance proceeds thereof) to the extent such is real property; (ii) the
acquisition of title by Lessor (or to the extent applicable, a leasehold interest pursuant to a Ground Lease) in the Property (and any other property subject to the Lease from time to time) referenced in Article II of the Lease constitutes a grant
by Lessee to Lessor of a security interest, lien and mortgage in all of Lessee’s right, title and interest in and to the Property (and any other property subject to the Lease from time to time) and all proceeds (including without limitation
insurance proceeds thereof) of the conversion, voluntary or involuntary, of the foregoing into cash, investments, securities or other property, whether in the form of cash, investments, securities or other property, and an assignment of all rents,
profits and income produced by the Property (and any other property subject to the Lease from time to time); and (iii) notifications to Persons holding such property, and acknowledgments, receipts or confirmations from financial intermediaries,
bankers or agents (as applicable) of Lessee shall be deemed to have been given for the purpose of perfecting such lien, security interest and mortgage lien under applicable law. Lessee shall promptly take such actions as Lessor may reasonably
request (including without limitation the filing of Uniform Commercial Code Financing Statements, Uniform Commercial Code Fixture Filings and memoranda (or short forms) of the Lease and the various Lease Supplements) to ensure that the lien,
security interest, lien and mortgage lien in each Property and the other items referenced above will be deemed to be a perfected lien, security interest and mortgage lien under applicable law and will be maintained as such throughout the Term. The
security agreements, financing statements, liens, security interests, deeds of trust and mortgages provided in clauses (i), (ii) and (iii) hereof shall be individually defined as the “Security Right” (as such definition is
referenced in Section 7.1(b) of the Lease), and individual collateral secured by the corresponding Security Right as provided in clauses (i), (ii) and (iii) hereof shall be defined herein as the “Specified Collateral” (as
such definition is referenced in Section 7.1(b) of the Lease). 
  

 Exhibit B - 3 

 (b) In the event that Lessee’s interest in the Property as provided in the Lease and
the Lease Supplement is recharacterized by a court of competent jurisdiction, and last resort in the case of an appeal, as a fee interest subject to a grant of an equitable mortgage by Lessee or as a financing instrument provided in favor of Lessee
or otherwise, and not as a leasehold estate in substantial conformity with the terms and conditions contained in the Lease and the Lease Supplement, then Lessee and Lessor agree that the Lease and the Lease Supplement shall constitute a Security
Right with respect to the applicable Specified Collateral provided in clauses (i), (ii) and (iii) of Section 6(a) and shall be enforceable in accordance with the terms and conditions contained in the Lease and the Lease Supplement to
the extent that such terms and conditions may be enforceable pursuant to the determination of such court of competent jurisdiction. Lessor and Lessee further agree that the provisions of this Section 6 are for the benefit of, and may be
enforceable by Lessor, Lessee and each of the Financing Parties. 
 6. Future Advances. 

Within twenty (20) years from the Initial Closing Date, the Financing Parties may advance or loan additional sums (herein
“Future Advances”) to Lessee. The Lease and the Lease Supplement shall secure not only existing indebtedness and other obligations, but also such Future Advances, with interest thereon, whether such advances are obligatory or to be
made at the option of the Financing Parties, or otherwise, as are made within twenty (20) years from the Initial Closing Date, to the same extent as if such Future Advances were made on the Initial Closing Date. The total amount of indebtedness
and other obligations secured hereby may decrease or increase from time to time, but the total unpaid balance so secured at any one time shall not exceed [$        ] plus interest thereon, and
any disbursements made for the payment of taxes, levies or insurance on the Properties, with interest on such disbursements. 

7. Lessee Purchase Option. 

Pursuant to Article 20 of the Lease, Lessee has the option to purchase the Property on the expiration date of the term of the Lease.

 8. Assignment of Leases, Rents and Profits. 

(a) Pursuant to Section 5.3(a) of the Lease, Lessee immediately and absolutely sold, assigned, transferred, and set over, and does
immediately and absolutely sell, assign, transfer, and set over unto Lessor, its successors and assigns, the rights, interests and privileges which Lessee may have as lessor in the Lease and in any and all other leases and subleases now existing or
hereafter made that affect the Property and all rents and profits therefrom (the “Rents and Profits”). In furtherance of the foregoing assignment of leases, Rents and Profits, Lessee hereby irrevocably appoints Lessor as its agent
and attorney-in-fact, in its name and stead (with or without taking possession of the Property) to rent, lease or let all or any portion of the Property to any party or parties at such rental and upon such terms as the Lessor shall, in the
Lessor’s discretion, determine, and hereby authorizes the Lessor to collect all Rents and Profits arising or 
  

 Exhibit B - 4 

 
accruing from any and all leases and subleases of the Property at any time hereafter, and all now due or that may hereafter become due under each and every of the leases and subleases, written or
oral, or other tenancy existing, or which may hereafter exist on the Property, with the same rights and powers and subject to the same immunities, exoneration of liability and rights of recourse and indemnity as the Lessor would have upon taking
possession pursuant, and Lessee hereby directs each tenant of the Property to pay all Rents and Profits for which such tenant is liable directly to Lessor, provided, however, that until terminated and revoked as hereinafter provided,
Lessee shall have the privilege and is hereby granted a revocable license to enter into, amend, modify and terminate leases and subleases as provided in the Operative Agreements and to collect the Rents and Profits as they become due and payable.
Upon the occurrence of an Event of Default, the privilege and license hereby granted to Lessee to enter into, amend, modify and terminate leases and subleases and to collect the Rents and Profits shall automatically cease, terminate and be revoked,
and the Lessor at the Lessor’s option (but without any obligation to do so), may elect, by notice in writing to Lessee, to thereafter exercise the rights and powers granted herein and collect all Rents and Profits as they become due and payable
either directly or by a receiver appointed by a court, in addition to any other rights and remedies provided for herein, without regard to the adequacy of the security for the obligations secured hereby and without bringing any action or proceeding,
or filing or recording any notice of default or election to foreclose the lien evidenced by this Memorandum or to sell the Property or any party thereof. 

(b) The collection and acceptance of all or any portion of the Rents and Profits by the Lessor shall not constitute a waiver of any other
right which the Lessor may have under the Lease or applicable law. The Lessor’s failure to collect any such Rents and Profits shall not in any manner affect the Lessor’s subsequent enforcement of its right to collect the same. The
Lessor’s receipt and application of such Rents and Profits under this Section after the execution and delivery of a declaration of an Event of Default and with, at the Lessor’s option, a demand for sale, or during the pendency of
non-judicial foreclosure sale or judicial foreclosure proceedings hereunder, shall not cure such Event of Default or affect such sale proceeding. 

(c) Notwithstanding anything to the contrary contained in this Memorandum, Lessee specifically acknowledges that the assignment of leases
and Rents and Profits set forth herein constitutes an absolute assignment and not an assignment as additional security. If there is an inconsistency or conflict between the terms of this Section and the remaining terms of this Memorandum, this
Section shall control. 
 (d) Upon delivery of a demand for Rent and Profits by the Lessor to any tenant of the Property, such
tenant is authorized to pay to the Lessor the Rents and Profits for which it is obligated without liability on the part of such tenant to make any inquiry into the existence of any Event of Default by Lessee or the application of such Rents and
Profits. 
 (e) Lessee shall execute and deliver to the Lessor such further documents that the Lessor may require to effectuate
or confirm the assignment of leases and of the Rents and Profits set forth herein. 
 (f) With respect to the assignment of the
leases and agreements affecting the Property and the Rents and Profits, Lessor shall not be obligated to perform or discharge any obligation or 

 

 Exhibit B - 5 

 
duty to be performed or discharged by Lessee under any of the leases or agreements assigned under this Lease. Pursuant to Section 5.3(b) of the Lease, Lessee agreed to indemnify Lessor and
the other Financing Parties for, and to save them harmless from, any and all liability arising from any such agreements or from such assignment. Such assignment shall not place responsibility for the control, care, management or repair of the
Property upon Lessor or the other Financing Parties, or make Lessor or the other Financing Parties responsible or liable for any negligence in the management, operation, upkeep, repair or control of the Property resulting in loss or injury or death
to any tenant, licensee, employee or stranger. 
 9. Release. The parties hereto acknowledge that the Property may be
released from the Lease in the event Lessee exercises its purchase option right set forth in Section 20.1 of the Lease. 

10. Assignment. As set forth in Section 7.1(b) of the Lease the security interest, lien, and mortgage in the assets granted
by the Lessee in favor of the Lessor have been assigned, and are hereby assigned, to Wells Fargo Bank, National Association, as Agent. 

11. Amendment and Restatement. This Memorandum amends and restates in its entirety that certain Amended and Restated Open-End
Mortgage, Assignment of Leases, Rents and Profits and Amended and Restated Memorandum of Lease and Amended and Restated Lease Supplement No. 1 and Option dated as of June 30, 2003 between Lessor and Lessee and recorded in Official Record
Book 4893, Page 1120 of the Public Records of Seminole County, Florida (the “Existing Memorandum”) and is not intended to constitute a novation in any manner whatsoever. It is the intention of Lessor and Lessee that this Memorandum
retain the original priority of title of the Existing Memorandum; provided, notwithstanding the foregoing statement of intention, no Financing Party shall have any liability whatsoever if and to the extent this Memorandum fails to retain such
priority. 
 [The remainder of this page has been intentionally left blank.] 

 

 Exhibit B - 6 

 IN WITNESS WHEREOF, the parties hereto have duly executed this instrument as of the day and
year first written. 
  

									
		 		 		    	LESSOR:	 	
				
		 		 		    	WACHOVIA DEVELOPMENT
	WITNESSES:	 		    	CORPORATION
					
	By	 	                             
                                         
                    	 		    	By:	 	                             
                                         
                    
	Name (Printed)                        
                                         
     	 		    	Name:	 	                             
                                         
                    
		 		 		    	Title:	 	                             
                                         
                    
					
	By	 	                             
                                         
                    	 		    		 	
	Name (Printed)                        
                                         
     	 		    		 	
		 		 		    	Wachovia Development Corporation
		 		 		    	c/o Wachovia Securities, LLC
		 		 		    	301 South College Street
		 		 		    	MAC D1053-0082
		 		 		    	Charlotte, North Carolina 28288
		 		 		    	Attn:	 	Jack Altmeyer
				
		 		 		    	with a copy to:
				
		 		 		    	c/o Wells Fargo Securities, LLC
		 		 		    	230 West Monroe Street
		 		 		    	Suite 2900
		 		 		    	Chicago, Illinois 60606
		 		 		    	Attn: Steve Buehler
		 		 		    	Fax: (312) 553-4783
			
	WITNESSES:	 		    	LESSEE:
				
	By	 	                             
                                         
                    	 		    	CONVERGYS CORPORATION
	Name (Printed)                        
                                         
     	 		    	  
 By:
	 	  

                         
                                         
                        

					
	By	 	                             
                                         
                    	 		    	Name:	 	                             
                                         
                    
				
	Name (Printed)Name:                       
                                   	 		    	Title:	 	                             
                                         
                    
		 		 		    		 	
		 		    	Convergys Corporation
		 		 		    	Atrium One
		 		 		    	201 East Fourth Street
		 		 		    	P.O. Box 1638
		 		 		    	Cincinnati, Ohio 45202
		 		 		    	Attn:	 	David R. Wiedwald, Treasurer
		 		 		    	Fax:	 	513-723-6556
		 		 		    	Email:	 	david.r.wiedwald@convergys.com

  

 Exhibit B - 7 

			
	 STATE OF NORTH CAROLINA
	    	)
		    	) SS:
	 COUNTY OF MECKLENBURG
	    	)

 The foregoing instrument was
acknowledged before me this                      day of             , 2010
by                                  as
                                 of Wachovia Development Corporation, a North
Carolina corporation, on behalf of the corporation. He/she personally appeared before me and is/are personally known to me or produced
                                 as identification. 

 

					
	 	 	 	  	Notary: _____________________________________
	 [NOTARIAL SEAL]
	 		  	Print Name: _________________________________
		 		  	Notary Public, State of ________________________
		 		  	My Commission Expires: ______________________

  

 Exhibit B - 8 

			
	
STATE OF                      
       
	  	)
		  	) SS:
	
COUNTY OF                     
    
	  	)

 The foregoing instrument was
acknowledged before me this                      day of             , 2010
by                                  as
                                 of Convergys Corporation, an Ohio corporation, on
behalf of the corporation. He/she personally appeared before me and is/are personally known to me or produced
                                 as identification. 

 

					
	 	 	 	  	Notary: _____________________________________
	 [NOTARIAL SEAL]
	 		  	Print Name: _________________________________
		 		  	Notary Public, State of ________________________
		 		  	My Commission Expires: ______________________

  

 Exhibit B - 9 

 SCHEDULE 1 

(Description of Property) 
  

 Exhibit B - 10

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