Document:

EX-4.2

  

Exhibit 4.2 
 FORM OF

 REGISTRATION RIGHTS AGREEMENT 

by and among 
 ASSURANT,
INC. 
 and 
 THE
TPG STOCKHOLDERS 
  
  

Dated as of [●], 2018 
  

 
  

 

 Table of Contents 

 

							
	 	  	 	  	Page	 
	 Section 1.
	  	Definitions	  	 	1	 
			
	 Section 2.
	  	Registration Rights	  	 	5	 
			
	            (a)
	  	Shelf Registration Statement	  	 	5	 
	            (b)
	  	Right to Request Shelf Take-Down	  	 	5	 
	            (c)
	  	Demand Registration Statement If Shelf Registration Statement Unavailable	  	 	6	 
	            (d)
	  	Limitations on Demand Registrations	  	 	6	 
	            (e)
	  	Piggyback Registration	  	 	7	 
	            (f)
	  	Selection of Underwriters; Right to Participate	  	 	7	 
	            (g)
	  	Priority of Securities Offered Pursuant to Demand Registrations and Shelf Take-Downs	  	 	7	 
	            (h)
	  	Priority of Securities Offered Pursuant to Piggyback Registration	  	 	8	 
	            (i)
	  	Postponement; Suspensions	  	 	8	 
	            (j)
	  	Holdback	  	 	9	 
			
	 Section 3.
	  	Registration Procedures	  	 	10	 
			
	 Section 4.
	  	Indemnification	  	 	14	 
			
	            (a)
	  	Indemnification by the Company	  	 	14	 
	            (b)
	  	Indemnification by the TPG Stockholders	  	 	15	 
	            (c)
	  	Notices of Claims, etc.	  	 	15	 
	            (d)
	  	Contribution	  	 	16	 
	            (e)
	  	No Exclusivity	  	 	17	 
			
	 Section 5.
	  	Covenants Relating to Rule 144	  	 	17	 
			
	 Section 6.
	  	Limitation on Subsequent Registration Rights	  	 	17	 
			
	 Section 7.
	  	Miscellaneous	  	 	17	 
			
	            (a)
	  	Termination; Survival	  	 	17	 
	            (b)
	  	Governing Law	  	 	17	 
	            (c)
	  	Consent to Jurisdiction; Venue; Waiver of Jury Trial	  	 	17	 
	            (d)
	  	Entire Agreement	  	 	18	 
	            (e)
	  	Amendments and Waivers	  	 	18	 
	            (f)
	  	Successors and Assigns	  	 	19	 
	            (g)
	  	Expenses	  	 	19	 
	            (h)
	  	Counterparts; Electronic Signature	  	 	19	 
	            (i)
	  	Severability	  	 	19	 
	            (j)
	  	Notices	  	 	19	 
	            (k)
	  	Specific Performance	  	 	20	 

  
 i 

 REGISTRATION RIGHTS AGREEMENT 

THIS REGISTRATION RIGHTS AGREEMENT, dated as of [●], 2018 (this “Agreement”), is by and among Assurant, Inc., a
Delaware corporation (the “Company”), and the undersigned stockholders of the Company (such undersigned stockholders, the “TPG Stockholders”). 

RECITALS 
 WHEREAS,
pursuant to that certain Amended and Restated Agreement and Plan of Merger, dated as of January 8, 2018 (the “Merger Agreement”), upon the Closing (as defined in the Merger Agreement), Spartan Merger Sub, Ltd., a Bermuda
exempted company and a wholly-owned subsidiary of the Company, merged with and into TWG Holdings Limited, a Bermuda exempted company (“TWG”), with TWG surviving such merger as a wholly-owned subsidiary of the Company; 

WHEREAS, upon the Closing, the undersigned TPG Stockholders, being former shareholders of TWG, became entitled to receive a portion of
the Aggregate Consideration (as defined in the Merger Agreement), including a portion of the Aggregated Share Consideration Number (as defined in the Merger Agreement) which, as of the date hereof, represents approximately [●] percent
([●]%) of the issued and outstanding shares of common stock, par value $0.01 per share, of the Company (the “Common Stock”); 

WHEREAS, concurrently with the execution and delivery of this Agreement, the Company and the TPG Stockholders are executing and
delivering a Stockholder Rights Agreement (the “Stockholder Rights Agreement”), which grants certain rights to the TPG Stockholders; and 

WHEREAS, the parties hereto desire to enter into this Agreement in order to grant the TPG Stockholders the registration rights
described herein. 
 NOW, THEREFORE, in consideration of the premises and of the mutual covenants and obligations hereinafter set
forth, and for other good and valuable considerations, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

Section 1. Definitions. As used in this Agreement, the following terms shall have the following meanings: 

“Affiliate” shall mean a Person that directly, or indirectly through one or more intermediaries, controls or is controlled
by, or is under common control with, the Person specified; provided, however, that no portfolio company of the funds or managed investment accounts under common control with TPG Global, LLC shall be considered an Affiliate of any of
the TPG Stockholders. For purposes of this definition, “control” (including the terms “controlling,” “controlled by” and “under common control with”) shall mean the possession, direct or indirect, of the power
to direct or cause the direction of the management and policies of a person, whether through the ownership of voting securities, by contract, or otherwise. 

  
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 “Agreement” has the meaning set forth in the Preamble. 

“Approved Underwriter List” shall mean the list of nationally recognized investment banking firms agreed to among the Company
and the TPG Stockholders as of the date hereof and as may be amended by the agreement of the Company and the TPG Stockholders, acting together. 

“Board” shall mean the Board of Directors of the Company. 

“Business Day” shall mean any day other than a Saturday, Sunday or other day on which commercial banks in New York, New York
are authorized or required by law or executive order to close. 
 “Common Stock” has the meaning set forth in the Recitals.

 “Company” has the meaning set forth in the Preamble. 

“Demand Registration” shall have the meaning set forth in Section 2(c). 

“Demand Registration Statement” shall have the meaning set forth in Section 2(c). 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended (or any corresponding provision of succeeding law),
and the rules and regulations thereunder. 
 “End of Suspension Notice” shall have the meaning set forth in
Section 2(i)(1). 
 “Full Cooperation” shall mean, in connection with any Substantial Marketing Efforts, in addition
to the other cooperation otherwise required by this Agreement, (a) members of senior management of the Company (including the principal executive officer and the principal financial officer) shall cooperate with the underwriter(s) in connection
therewith, and use their commercially reasonable efforts to make themselves available to participate in all of the marketing processes of the Substantial Marketing Efforts as recommended by the underwriter(s), and (b) the Company shall use its
commercially reasonable efforts to effect cooperation required in connection with Substantial Marketing Efforts. 
 “Holdback
Period” shall mean, with respect to any registered offering of equity securities of the Company, the period beginning ten (10) days before the anticipated effective date of the related Registration Statement and continuing until the
expiration of ninety (90) days (or such shorter period as the managing underwriter(s) permit) after the effective date of the related Registration Statement (except that, in the case of any such registered offering that is a Shelf Take-Down
from a Shelf Registration Statement, the Holdback Period shall be the period beginning ten (10) days before the anticipated pricing date in connection with such takedown and continuing until the expiration of ninety (90) days (or such
shorter period as the managing underwriter(s) permit) after such pricing date). 
 “Merger Agreement” has the meaning set
forth in the Recitals. 

  
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 “Person” shall mean any natural person, corporation, limited partnership,
general partnership, limited liability company, joint stock company, joint venture, association, company, estate, trust, bank trust company, land trust, business trust, or other organization, whether or not a legal entity, custodian,
trustee-executor, administrator, nominee or entity in a representative capacity and any government or agency or political subdivision thereof. 

“Piggyback Registration” shall have the meaning set forth in Section 2(e). 

“Piggyback Stockholder” shall have the meaning set forth in Section 2(e). 

“Prospectus” shall mean the prospectus included in any Registration Statement (including, without limitation, a prospectus
that discloses information previously omitted from a prospectus filed as part of an effective Registration Statement in reliance upon Rule 430A under the Securities Act), as amended or supplemented by any prospectus supplement or any issuer
free writing prospectus (as defined in Rule 433 under the Securities Act), with respect to the terms of the offering of any portion of the Registrable Securities covered by such Registration Statement, and all other amendments and supplements to the
Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference in such prospectus. 

“Public Offering” shall mean a public offering and sale of equity securities for cash pursuant to an effective registration
statement under the Securities Act. 
 “Registrable Securities” shall mean any Shares or securities convertible,
exchangeable or exercisable into Shares held or beneficially owned as of the date hereof by the TPG Stockholders, including any securities acquired as a result of any reclassification, recapitalization, stock split or combination, exchange or
readjustment of such Shares or securities, or any stock dividend or stock distribution in respect of such Shares or securities; provided, however, such securities shall cease to be Registrable Securities on the earliest to occur of
(i) a Registration Statement with respect to the sale of such Registrable Securities shall have become effective under the Securities Act and such Registrable Securities shall have been disposed of in accordance with such Registration
Statement; (ii) such Registrable Securities shall have been sold in accordance with Rule 144; (iii) the TPG Stockholders and its Affiliates, in the aggregate, beneficially own less than three percent (3%) of the then outstanding Common
Stock and such Registrable Securities, in the reasonable determination of the TPG Stockholders, are eligible to be sold by the TPG Stockholders or such Affiliates, as applicable, to the public without volume limitations under Rule 144; or
(iv) such Registrable Securities have ceased to be outstanding. 
 “Registration Expenses” shall mean all expenses
incurred in effecting any registration or any offering and sale pursuant to this Agreement, including registration, qualification, listing and filing fees (including, without limitation, all SEC, stock exchange and Financial Industry Regulatory
Authority filing fees), printing expenses, messenger, telephone and delivery expenses, all transfer agent and registrar fees and expenses, fees and disbursements of all law firms of the Company and all accountants and other persons retained by the
Company (including any comfort letters), any reasonable fees and disbursements of underwriters customarily paid by issuers or sellers of securities (which shall not include fees and disbursements of counsel for the

  
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underwriters other than as set forth in this paragraph or in the applicable underwriting agreement and Selling Expenses), all fees and expenses of any special experts or other persons retained by
the Company in connection with any registration, all expenses related to the “road show” for any underwritten offering, including all travel, meals and lodging, and any blue sky (including reasonable fees and disbursements of counsel to
any underwriter incurred in connection with blue sky qualifications of the Registrable Securities as may be set forth in any underwriting agreement) and other securities laws fees and expenses, as well as all internal fees and expenses of the
Company. Registration Expenses shall not include Selling Expenses. In addition, in connection with an underwritten offering or other registration, offering or related action for which services of outside counsel would customarily be required
pursuant to this Agreement, the Company shall pay or reimburse the TPG Stockholders for the reasonable and documented fees and expenses of one nationally recognized law firm, chosen by the TPG Stockholders as their counsel. Nothing in this
definition shall impact any agreement on expenses solely between the Company and any underwriter. 
 “Registration
Statement” shall mean any registration statement (including any Demand Registration Statement or Shelf Registration Statement) of the Company under the Securities Act which permits the Public Offering of any of the Registrable Securities
pursuant to the provisions of this Agreement, including the Prospectus, amendments and supplements to such registration statement, including post-effective amendments, all exhibits and all material incorporated by reference or deemed to be
incorporated by reference in such registration statement. 
 “Rule 144” shall mean Rule 144 under the Securities Act, as
such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted by the SEC. 
 “SEC” means
the United States Securities and Exchange Commission. 
 “Securities Act” shall mean the Securities Act of 1933, as amended
(or any corresponding provision of succeeding law), and the rules and regulations thereunder. 
 “Selling Expenses” shall
mean all underwriting discounts and selling commissions associated with effecting any sales of Registrable Securities under any Registration Statement by the TPG Stockholders and all stock transfer taxes applicable to the sale or transfer by TPG
Stockholders of Registrable Securities to the underwriter(s) pursuant to this Agreement. 
 “Shares” means the shares of
Common Stock owned by the TPG Stockholders as described in the Recitals and any securities issued in respect thereof, or in substitution therefor, in connection with any stock split, dividend or combination, or any reclassification,
recapitalization, merger, consolidation, exchange or other similar reorganization. 
 “Shelf Period” shall have the meaning
set forth in Section 2(a). 
 “Shelf Registration” shall have the meaning set forth in Section 2(a). 

“Shelf Registration Statement” shall have the meaning set forth in Section 2(a). 

“Shelf Take-Down” shall have the meaning set forth in Section 2(b). 

  
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 “Special Registration” shall mean the registration of equity securities, options
or similar rights registered on Form S-4, Form S-8 or any successor forms thereto or any other form for the registration of securities issued or to be issued in
connection with a merger, acquisition, employee benefit plan or equity compensation or incentive plan. 
 “Stockholder Rights
Agreement” has the meaning set forth in the Recitals. 
 “Substantial Marketing Efforts” shall mean marketing
efforts, in connection with an underwritten offering, that involve one-on-one in-person meetings with prospective purchasers of
the Registrable Securities over multiple days and other customary marketing activities, as recommended by the underwriter(s). 

“Suspension” shall have the meaning set forth in Section 2(i)(1). 

“Suspension Notice” shall have the meaning set forth in Section 2(i)(1). 

“TPG Stockholders” has the meaning set forth in the Preamble. 

Section 2. Registration Rights. 

(a) Shelf Registration Statement. The Company will file within ninety (90) days of the date hereof (or if a later time for filing
is requested by the TPG Stockholders, at such later time) with the SEC a shelf registration statement on Form S-3 (or successor form) pursuant to Rule 415 under the Securities Act (which registration
statement, if the Company is eligible to file such, shall be as an automatic shelf registration as defined in Rule 405 under the Securities Act) (a “Shelf Registration Statement”) relating to the offer and resale of Registrable
Securities by any TPG Stockholder at any time and from time to time following the expiration of the ninety (90) day period beginning on the date hereof in accordance with the methods of distribution set forth in the Plan of Distribution section
of the Shelf Registration Statement, and, if such Shelf Registration Statement is not effective within ninety (90) days of the date hereof, the Company shall use reasonable best efforts to cause such Shelf Registration Statement to promptly be
declared or otherwise become effective under the Securities Act. Any such registration pursuant to the Shelf Registration Statement shall hereinafter be referred to as a “Shelf Registration.” For so long as the Company is eligible
to use Form S-3 (or successor form), the Company shall maintain the continuous effectiveness of the Shelf Registration Statement for the maximum period permitted by SEC rules, and shall replace any Shelf
Registration Statement at or before expiration, if applicable, with a successor effective Shelf Registration Statement to the extent any Registrable Securities remain outstanding (such period of effectiveness, the “Shelf Period”).

 (b) Right to Request Shelf Take-Down. At any time and from time to time during the Shelf Period, one or more of the TPG
Stockholders may, by written notice to the Company, request an offering of all or part of the Registrable Securities held by the TPG Stockholders (a “Shelf Take-Down”); provided, however, that the expected aggregate
gross proceeds for any Shelf Take-Down involving Substantial Marketing Efforts are at least one hundred million dollars ($100,000,000); provided, further, that the Company shall not be obligated to effect any Shelf Take-Down if the
Company (i) has determined to effect a registered underwritten offering of its equity securities for its own account and (ii) at the time of receipt of such notice has already taken substantial steps (including, but not limited to,
selecting a 

  
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managing underwriter for such offering) and has proceeded and will continue to proceed with reasonable diligence to effect such offering (in such case, such request shall not count as a Shelf
Take-Down involving Substantial Marketing Efforts). Notwithstanding the foregoing sentence, the Company shall not be obligated to effect any subsequent Shelf Take-Down (whether or not involving Substantial Marketing Efforts) during the ninety
(90) day period following the pricing date of a completed Shelf Take-Down; provided, however, that if the TPG Stockholders are subject to a lock-up restriction pursuant to lock-up agreements entered into in connection with such completed Shelf Take-Down, then the period of such lock-up restriction, whether longer or shorter, shall apply in lieu
of the 90-day period. It is understood by the parties hereto that the foregoing proviso means that (i) if the TPG Stockholders enter into a 120-day lock-up agreement in connection with a completed Shelf Take-Down, the Company shall not be obligated to effect a subsequent Shelf Take-Down (absent a lock-up waiver) pursuant
to such proviso until the expiration of such lock-up agreement on the 121st day after the pricing date of the completed Shelf Take-Down, (ii) if the
TPG Stockholders enter into a 45-day lock-up agreement in connection with a completed Shelf Take-Down, the Company shall not be obligated to effect a subsequent Shelf
Take-Down (absent a lock-up waiver) pursuant to such proviso until the expiration of such lock-up agreement on the
46th day after the pricing date of the completed Shelf Take-Down, and (iii) if the managing underwriter(s) waive such lock-up agreement with respect to
a proposed offering by the TPG Stockholders on the 22nd day after such pricing date, the Company shall not be obligated to effect a subsequent Shelf Take-Down pursuant to such proviso until after
such 22nd day in accordance with the terms of this Agreement. If Substantial Marketing Efforts are requested, the Company shall cause there to occur Full Cooperation in connection therewith. The
number of shares of Registrable Securities covered by any Shelf Take-Down shall be limited by the transfer restrictions described in the applicable subsection of Section 3.2 of the Stockholder Rights Agreement. The TPG Stockholders shall be
entitled to request a maximum of two (2) Shelf Take-Downs involving Substantial Marketing Efforts in any three hundred sixty-five (365) day period. 

(c) Demand Registration Statement If Shelf Registration Statement Unavailable. If the Company is ineligible to file with the SEC a
shelf registration statement on Form S-3 (or successor form) in accordance with Section 2(a), upon the written request of one or more TPG Stockholders (a “Demand Registration”), the
Company shall use reasonable best efforts to file promptly a registration statement on Form S-1 (or successor form) (a “Demand Registration Statement”) registering for resale such number of
shares of Registrable Securities, as limited by the transfer restrictions described in the applicable subsections of Section 3.2 of the Stockholder Rights Agreement, as applicable, requested to be included in the Demand Registration Statement
and have the Demand Registration Statement declared effective under the Securities Act as promptly as practicable. After any Demand Registration Statement has become effective, the Company shall use reasonable best efforts to keep such Demand
Registration Statement continuously effective until all of the Registrable Securities covered by such Demand Registration Statement have been sold in accordance with the plan of distribution set forth therein or are no longer outstanding. 

(d) Limitations on Demand Registrations. The TPG Stockholders shall be entitled to request a maximum of two (2) Demand
Registrations in any three hundred sixty-five (365) day period. A registration shall not count as a Demand Registration until the related Demand Registration Statement has been declared effective by the SEC. 

  
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 (e) Piggyback Registration. If, at any time following the expiration of the ninety
(90) day period beginning on the date hereof, the Company proposes or is required to file a Registration Statement under the Securities Act with respect to an offering of Common Stock or similar equity securities of the Company, whether or not
for sale for its own account, on a form and in a manner that would permit registration of the Registrable Securities, which, for the avoidance of doubt, shall exclude any Special Registration, the Company shall give written notice as promptly as
practicable, but not later than ten (10) days prior to the anticipated date of filing of such Registration Statement, to the TPG Stockholders of its intention to effect such registration and, in the case of each TPG Stockholder, shall include
in such registration all of such TPG Stockholder’s Registrable Securities with respect to which the Company has received a written request from such TPG Stockholder for inclusion therein (a “Piggyback Registration” and any such
requesting TPG Stockholder that has not withdrawn its Registrable Securities from such Piggyback Registration a “Piggyback Stockholder” with respect to such Piggyback Registration). In the event that a TPG Stockholder makes such
written request, such TPG Stockholder may withdraw its Registrable Securities from such Piggyback Registration by giving written notice to the Company and the managing underwriter(s), if any, at any time at least two (2) Business Days prior to
the effective date of the Registration Statement relating to such Piggyback Registration. The Company may terminate or withdraw any Piggyback Registration under this Section 2(e), whether or not any TPG Stockholder has elected to include
Registrable Securities in such registration. No Piggyback Registration shall count as a Demand Registration or Shelf Take-Down to which the TPG Stockholders are entitled. 

(f) Selection of Underwriters; Right to Participate. The TPG Stockholders shall have the right to select the managing underwriter(s) to
administer an offering pursuant to a Demand Registration Statement or Shelf Take-Down from the Approved Underwriter List, subject to the prior consent of the Company, which consent shall not be unreasonably withheld, conditioned or delayed. If a
Piggyback Registration under Section 2(e) is proposed to be underwritten, the Company shall so advise the TPG Stockholders as a part of the written notice given pursuant to Section 2(e). In such event, the managing underwriter(s) to
administer the offering shall be chosen by the Company in its sole discretion. A TPG Stockholder may participate in a registration or offering hereunder only if such TPG Stockholder (i) agrees to sell such Registrable Securities on the basis
provided in any underwriting agreement with the underwriters and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements, lock-up agreements and other
documents reasonably requested under the terms of such underwriting arrangements customary for selling stockholders to enter into in secondary underwritten public offerings, provided, however, that any underwriting agreement shall
contain such representations and warranties by, and the other agreements on the part of, the Company to and for the benefit of the TPG Stockholders as are customarily made by issuers to selling stockholders in secondary underwritten public
offerings. 
 (g) Priority of Securities Offered Pursuant to Demand Registrations and Shelf Take-Downs. If the managing
underwriter(s) of a Demand Registration or Shelf Take-Down shall advise the Company and the TPG Stockholders in writing that, in its good faith opinion, the total number or dollar amount of shares of Common Stock requested to be included in such
Demand Registration or Shelf Take-Down exceeds the number or dollar amount that can be sold in such offering without having an adverse effect on such offering, including the price at which such shares can be sold, then the Company shall include in
such Demand Registration or Shelf 

  
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Take-Down the maximum number of shares that such underwriter or agent, as applicable, advises can be so sold without having such adverse effect, allocated (i) first, to Registrable
Securities requested by the TPG Stockholders to be included in such Demand Registration or Shelf Take-Down and (ii) second, to any securities requested to be included therein by any other Persons (including the Company), allocated among such
Persons on a pro rata basis or in such other manner as they may agree. 
 (h) Priority of Securities Offered Pursuant to Piggyback
Registration. If the managing underwriter(s) of a registration of shares of Common Stock giving rise to a right to Piggyback Registration shall advise the Company and the Piggyback Stockholders with respect to such Piggyback Registration in
writing that, in its good faith opinion, the total number or dollar amount of shares of Common Stock proposed to be sold in such offering and Registrable Securities requested by such Piggyback Stockholders to be included therein, in the aggregate,
exceeds the number or dollar amount that can be sold in such offering without having an adverse effect on such offering, including the price at which such shares can be sold, then the Company shall include in such registration the maximum number of
shares that such underwriter or agent, as applicable, advises can be so sold without having such adverse effect, allocated (i) first, to shares of Common Stock requested to be included by the Company, (ii) second, to Registrable Securities
requested by the TPG Stockholders to be included in such Piggyback Registration and (iii) third, any shares requested to be included therein by any other Persons (other than the Company), allocated among such Persons on a pro rata basis or in
such other many as they may agree. 
 (i) Postponement; Suspensions; Blackout Period. 

(1) The Company may postpone the filing or the effectiveness of a Demand Registration Statement or commencement of a Shelf
Take-Down (or suspend the continued use of an effective Demand Registration Statement or Shelf Registration Statement), including requiring the TPG Stockholders to suspend any offerings of Registrable Securities pursuant to this Agreement,
(i) during the pendency of a stop order issued by the SEC suspending the use of any registration statement of the Company or proceedings initiated by the SEC with respect to any such registration statement under Section 8(d) or 8(e) of the
Securities Act (subject to the Company’s compliance with its obligations under Section 3(a)(xi) herein), (ii) during the first month after the end of a fiscal quarter of the Company (i.e., January, April, July and October to the extent the
Company’s fiscal quarters end on December 31, March 31, June 30 and September 30) if the Company delivers to the TPG Stockholders participating in such registration an officers’ certificate executed by the Company’s
principal executive officer and principal financial officer stating that, based on the good faith judgment of the Company, after consultation with outside counsel to the Company, such postponement or suspension is necessary in order to avoid the
premature disclosure of material non-public information (including financial results for the preceding fiscal quarter) and the Company has a bona fide business purpose for not disclosing such information
publicly at that time or (iii) if, based on the good faith judgment of the Board, such postponement or suspension is necessary in order to avoid materially detrimental disclosure of material non-public
information that the Board, after consultation with outside counsel to the Company, has in good faith determined (A) would be required to be made in any Demand Registration 

  
 8 

 
Statement or Shelf Registration Statement so that such Registration Statement does not contain an untrue statement of a material fact or omit to state a material fact required to be stated
therein or necessary to make the statements therein not misleading if such information is not included, (B) such disclosure would not be required to be made at such time but for the filing or continued use of such Registration Statement and
(C) the Company has a bona fide business purpose for not disclosing publicly, and the Company delivers to the TPG Stockholders participating in such registration an officers’ certificate executed by the Company’s principal executive
officer and principal financial officer stating the Company may, upon giving prompt written notice (a “Suspension Notice”) of such action to the TPG Stockholders participating in such registration, postpone or suspend use of the
Demand Registration Statement or Shelf Registration Statement, as applicable (any such postponement or suspension pursuant to Section 2(i)(1)(i), (ii) or (iii), a “Suspension”); provided, however, in each case,
that the TPG Stockholder requesting a Demand Registration Statement or Shelf Take-Down shall be entitled, at any time after receiving a Suspension Notice or similar notice and before such Demand Registration Statement becomes effective or before
such Shelf Take-Down is commenced, to withdraw such request and, if such request is withdrawn, such Demand Registration or Shelf Take-Down shall not count as a Demand Registration or, if applicable, a Shelf Take-Down, involving Substantial Marketing
Efforts. The Company shall provide prompt written notice to such TPG Stockholder (an “End of Suspension Notice”) of (i) the Company’s decision to file or seek effectiveness of such Demand Registration Statement or commence
such Shelf Take-Down following such Suspension and (ii) the effectiveness of such Demand Registration Statement or commencement of such Shelf Take-Down. Notwithstanding the provisions of this Section 2(i), (y) with respect to
Section 2(i)(1)(ii), any such Suspension or ability to suspend pursuant to such clause shall terminate at the closing of trading on the New York Stock Exchange on the second trading day after the Company issues an earnings release for the
applicable preceding quarter and (z) with respect to Section 2(i)(1)(iii), the Company shall not effect a Suspension of the filing or effectiveness of a Demand Registration Statement or the commencement of a Shelf Take-Down more than twice
during any twelve-month period or for a period exceeding thirty (30) days in the aggregate in any twelve-month period. No TPG Stockholder shall effect any sales of Shares pursuant to a Demand Registration Statement or Shelf Registration
Statement at any time after it has received a Suspension Notice from the Company and prior to receipt of an End of Suspension Notice. 

(2) Each TPG Stockholder agrees that, except as required by applicable law, it shall treat as confidential the receipt of any
Suspension Notice (provided, however, that in no event shall such notice contain any material nonpublic information of the Company) hereunder and shall not disclose or use the information contained in such Suspension Notice without the
prior written consent of the Company until such time as the information contained therein is or becomes public, other than as a result of disclosure by breach of the terms of this Agreement. 

(j) Holdback. With respect to any underwritten offering of Registrable Securities, the Company shall not (except as part of a Demand
Registration or Shelf Registration), unless waived by the managing underwriter(s), effect any transfer of Common Stock, or any securities convertible into or exchangeable or exercisable for Common Stock

  
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(except pursuant to a Special Registration), during the Holdback Period. Upon request by the managing underwriter(s), the Company shall, from time to time, enter into customary holdback
agreements on terms consistent with this Section 2(j). 
 Section 3. Registration Procedures. 

(a) If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under
the Securities Act as provided in Section 2 hereof, the Company shall effect such registration to permit the sale of such Registrable Securities in accordance with the intended method or methods of disposition thereof, and pursuant thereto the
Company shall cooperate in the sale of the securities and shall, as promptly as practicable: 
 (i) prepare and file with the
SEC (as promptly as reasonably practicable, but no later than forty-five (45) days after a request for a Demand Registration, subject to the postponement provisions herein) the Demand Registration Statement (including a Prospectus therein and
any supplement thereto and all exhibits and financial statements required by the SEC to be filed therewith) to effect such registration and, subject to the efforts standard herein, cause such Registration Statement to become effective, and before
filing such Registration Statement or any amendments or supplements thereto, provide to the representative(s) on behalf of the TPG Stockholders included in such Registration Statement (to be chosen by the TPG Stockholders) and any managing
underwriter(s), copies of all such documents proposed to be filed or furnished, including documents incorporated by reference, and the representative(s) and the managing underwriter(s) and their respective counsel shall have the opportunity to
review and comment thereon, and the Company will make such changes and additions thereto as may reasonably be requested by the representative(s) and the managing underwriter(s) and their respective counsel prior to such filing, unless the Company
reasonably objects to such changes or additions; 
 (ii) prepare and file with the SEC such
pre- and post-effective amendments and supplements to a Shelf Registration Statement or Demand Registration Statement, and the Prospectus used in connection therewith or any free writing prospectus (as defined
in SEC rules) as may be required by applicable securities laws or reasonably requested by the TPG Stockholder or any managing underwriter(s) to maintain the effectiveness of such registration and to comply with the provisions of applicable
securities laws with respect to the disposition of all securities covered by such registration statement during the period in which such Registration Statement is required to be kept effective; 

(iii) furnish to each TPG Stockholder of the securities being registered and each managing underwriter without charge, such
number of conformed copies of such Registration Statement and of each such amendment and supplement thereto (in each case including all exhibits other than those which are being incorporated into such Registration Statement by reference and that are
publicly available), such number of copies of the Prospectus contained in such Registration Statement and any other Prospectus filed under Rule 424 under the Securities Act in conformity with the 

  
 10 

 
requirements of the Securities Act, and such other documents, as the TPG Stockholders and any managing underwriter(s) may reasonably request; 

(iv) use its reasonable best efforts to register or qualify all Registrable Securities under such other securities or
“blue sky” laws of such jurisdictions as the TPG Stockholders and any managing underwriter(s) may reasonably request; provided, however, that the Company shall not for any such purpose be required to qualify generally to do
business as a foreign company in any jurisdiction where it would not otherwise be required to qualify but for this Section 3, or to consent to general service of process in any such jurisdiction, or to be subject to any material tax obligation
in any such jurisdiction where it is not then so subject; 
 (v) promptly notify the TPG Stockholders and any managing
underwriter(s) at any time when the Company becomes aware that a Prospectus relating thereto is required to be delivered under the Securities Act, of the happening of any event as a result of which the Prospectus included in such Registration
Statement, as then in effect, includes an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances under which they
were made, and, to promptly prepare and furnish without charge to the TPG Stockholders and any managing underwriter(s) a reasonable number of copies of a supplement to or an amendment of such Prospectus as may be necessary so that, as thereafter
delivered to the purchasers of such securities, such Prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the
light of the circumstances under which they were made; 
 (vi) provide and cause to be maintained a transfer agent and
registrar for all Registrable Securities covered by such Registration Statement not later than the effective date of such Registration Statement; 

(vii) reasonably cooperate with the TPG Stockholders and any managing underwriter(s) to facilitate the timely preparation and
delivery of certificates representing Registrable Securities to be sold, and enable certificates for such Registrable Securities to be issued for such number of shares and registered in such names as the TPG Stockholders and any managing
underwriter(s) may reasonably request; 
 (viii) list all Registrable Securities covered by such Registration Statement on
any securities exchange on which any such class of securities is then listed and cause to be satisfied all requirements and conditions of such securities exchange to the listing of such securities that are reasonably within the control of the
Company; 
 (ix) notify each TPG Stockholder and any managing underwriter(s), promptly after it shall receive notice thereof,
of the time when such Registration Statement, or any post-effective amendments to the Registration Statement, shall have become effective; 

  
 11 

 (x) to make available to each TPG Stockholder whose Registrable Securities are
included in such Registration Statement and any managing underwriter(s) as soon as reasonably practicable after the same is prepared and publicly distributed, filed with the SEC, or received by the Company, an executed copy of each letter written by
or on behalf of the Company to the SEC or the staff of the SEC (or other governmental agency or self-regulatory body or other body having jurisdiction, including any domestic or foreign securities exchange), and any item of correspondence received
from the SEC or the staff of the SEC (or other governmental agency or self-regulatory body or other body having jurisdiction, including any domestic or foreign securities exchange), in each case relating to such Registration Statement, it being
understood that each TPG Stockholder receiving such material from the Company shall and shall cause its representatives to keep such materials confidential. The Company will as soon as reasonably practicable notify the TPG Stockholders and any
managing underwriter(s) of the effectiveness of such Registration Statement or any post-effective amendment or the filing of the Prospectus supplement contemplated herein. the Company will as soon as reasonably practicable respond reasonably and
completely to any and all comments received from the SEC or the staff of the SEC, with a view towards causing such Registration Statement or any amendment thereto to be declared effective by the SEC as soon as reasonably practicable and shall file
an acceleration request as soon as reasonably practicable following the resolution or clearance of all SEC comments or, if applicable, following notification by the SEC that any such Registration Statement or any amendment thereto will not be
subject to review; 
 (xi) advise each TPG Stockholder and any managing underwriter(s), promptly after it shall receive
notice or obtain knowledge thereof, of (A) the issuance of any stop order, injunction or other order or requirement by the SEC suspending the effectiveness of such Registration Statement or the initiation or threatening of any proceeding for
such purpose and use all reasonable best efforts to prevent the issuance of any stop order, injunction or other order or requirement or to obtain its withdrawal if such stop order, injunction or other order or requirement should be issued,
(B) the suspension of the registration of the subject shares of the Registrable Securities in any state jurisdiction and (C) the removal of any such stop order, injunction or other order or requirement or proceeding or the lifting of any
such suspension; 
 (xii) upon execution of confidentiality agreements in form and substance reasonably satisfactory to the
Company, make available for inspection by one representative on behalf of all TPG Stockholders included in a Registration Statement whose Registrable Securities are included in such registration statement (to be chosen by the TPG Stockholders) and
any managing underwriter(s), and any attorney, accountant or other agent retained by any such TPG Stockholder or underwriters, at reasonable times and in a reasonable manner, all pertinent financial and other records and corporate documents of the
Company, and cause the Company’s officers, directors and employees to supply all information reasonably requested by any such TPG Stockholder, sales or placement agent, underwriter, attorney, accountant or agent to conduct a reasonable
investigation within the meaning of Section 11 of the Securities Act that is customary for a participant in a securities offering in connection with such registration statement; provided, however, that the foregoing investigation
and information gathering shall be 

  
 12 

 
coordinated on behalf of such parties by one firm of counsel designated by and on behalf of such parties; 

(xiii) if requested by any TPG Stockholder of Registrable Securities named in such Registration Statement or any managing
underwriter(s), promptly incorporate in a Prospectus supplement or post-effective amendment such information as such TPG Stockholder or managing underwriter(s) reasonably requests to be included therein, including, without limitation, with respect
to the Registrable Securities being sold by such TPG Stockholder, the purchase price being paid therefor by any underwriters and with respect to any other terms of an underwritten offering of the Registrable Securities to be sold in such offering,
and promptly make all required filings of such prospectus supplement or post-effective amendment; 
 (xiv) reasonably
cooperate with each TPG Stockholder and any managing underwriter(s) participating in the disposition of such Registrable Securities and their respective counsel in connection with any filings required to be made with the Financial Industry
Regulatory Authority; 
 (xv) in the case of an underwritten offering, (A) enter into such customary agreements
(including an underwriting agreement in customary form), (B) take all such other customary actions as the managing underwriter(s) reasonably request in order to expedite or facilitate the disposition of such Registrable Securities (including,
without limitation, causing senior management and other the Company personnel to reasonably cooperate with the TPG Stockholder(s) whose Registrable Securities are included in a Registration Statement and the underwriter(s) in connection with
performing due diligence) and (C) cause its counsel to issue opinions of counsel addressed and delivered to the underwriter(s) in form, substance and scope as are customary in underwritten offerings, subject to customary limitations,
assumptions and exclusions; provided, however, that such recipients furnish such written representations or acknowledgement as are customarily provided by underwriters who receive such opinions; and 

(xvi) if requested by the managing underwriter(s) of an underwritten offering, use reasonable best efforts to cause to be
delivered, upon the pricing of any underwritten offering, and at the time of closing of a sale of Registrable Securities pursuant thereto, “comfort” letters from the Company’s independent registered public accountants addressed to the
underwriter(s) and, with respect to an offering by the TPG Stockholders pursuant to this Agreement, request the delivery of such “comfort” letters at such times addressed to the TPG Stockholders stating that such accountants are
independent public accountants within the meaning of the Securities Act and the applicable rules and regulations adopted by the SEC thereunder, and otherwise in customary form and covering such financial and accounting matters as are customarily
covered by “comfort” letters of the independent registered public accountants delivered in connection with primary underwritten public offerings; provided, however, that such recipients furnish such written representations or
acknowledgement as are customarily required to receive such comfort letters. 

  
 13 

 (b) Subject to the last sentence of this Section 3(b), as a condition precedent to the
obligations of the Company to file any Registration Statement, each TPG Stockholder shall furnish in writing to the Company such information regarding such TPG Stockholder (and any of its Affiliates), the Registrable Securities to be sold and the
intended method of distribution of such Registrable Securities reasonably requested by the Company as is reasonably necessary or advisable for inclusion in the Registration Statement relating to such offering pursuant to the Securities Act.
Notwithstanding the foregoing, in no event will any party be required to disclose to any other party any personally identifiable information or personal financial information in respect of any individual, or confidential information of any Person.

 Each TPG Stockholder agrees by acquisition of the Registrable Securities that (i) upon receipt of any notice from the Company of the
happening of any event of the kind described in Section 3(a)(v), such TPG Stockholder shall forthwith discontinue its disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until
such TPG Stockholder’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 3(a)(v); (ii) upon receipt of any notice from the Company of the happening of any event of the kind described in clause
(A) of Section 3(a)(xi), such TPG Stockholder shall discontinue its disposition of Registrable Securities pursuant to such registration statement until such TPG Stockholder’s receipt of the notice described in clause (C) of
Section 3(a)(xi); and (iii) upon receipt of any notice from the Company of the happening of any event of the kind described in clause (B) of Section 3(a)(xi), such TPG Stockholder shall discontinue its disposition of Registrable
Securities pursuant to such registration statement in the applicable state jurisdiction(s) until such TPG Stockholder’s receipt of the notice described in clause (C) of Section 3(a)(xi). The length of time that any registration
statement is required to remain effective shall be extended by any period of time that such registration statement is unavailable for use pursuant to this paragraph, provided, however, in no event shall any Registration Statement be
required to remain effective after the date on which all Registrable Securities cease to be Registrable Securities. 
 Section 4.
Indemnification. 
 (a) Indemnification by the Company. The Company agrees to indemnify, hold harmless and reimburse, to the
fullest extent permitted by law, each TPG Stockholder, its Affiliates, partners, officers, directors, employees, advisors, representatives and agents, and each Person, if any, who controls such TPG Stockholder within the meaning of the Securities
Act or the Exchange Act, against any and all losses, penalties, liabilities, claims, damages and expenses, joint or several (including, without limitation, reasonable attorneys’ fees and any expenses and reasonable costs of investigation), as
incurred, to which the TPG Stockholders or any such indemnitees may become subject under the Securities Act or otherwise, insofar as such losses, penalties, liabilities, claims, damages and expenses (or actions or proceedings, whether commenced or
threatened, in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement under which such Registrable Securities were registered and sold under the
Securities Act, any Prospectus contained therein, or any amendment or supplement thereto, or arising out of or based upon any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances under which they were made, not misleading or any violation of the Securities Act or state securities laws or 

  
 14 

 
rules thereunder by the Company relating to any action or inaction by the Company in connection with such registration; provided, however, that the Company shall not be liable in
any such case to the extent that any such loss, penalty, liability, claim, damage (or action or proceeding in respect thereof) or expense arises out of or is based upon an untrue statement or alleged statement or omission or alleged omission made in
such Registration Statement, any such Prospectus, amendment or supplement in reliance upon and in conformity with written information about a TPG Stockholder which is furnished to the Company by such TPG Stockholder specifically for use in such
registration statement. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such TPG Stockholder or any indemnified party and shall survive the transfer of such securities by such TPG
Stockholder. 
 (b) Indemnification by the TPG Stockholders. Each TPG Stockholder agrees to indemnify and hold harmless (in the same
manner and to the same extent as set forth in Section 4(a)) the Company, each member of the Board, each officer, employee and agent of the Company and each other person, if any, who controls any of the foregoing within the meaning of the
Securities Act or the Exchange Act, with respect to any untrue statement or alleged untrue statement of a material fact in or omission or alleged omission to state a material fact from such Registration Statement, any Prospectus contained therein,
or any amendment or supplement thereto, to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with written information about such TPG
Stockholder furnished to the Company by such TPG Stockholder specifically for inclusion in such Registration Statement, Prospectus, amendment or supplement and has not been corrected in a subsequent Registration Statement, any Prospectus contained
therein, or any amendment or supplement thereto prior to or concurrently with the sale of the Registrable Securities to the person asserting the claim; provided, however, that TPG Stockholder shall not be liable for any amounts in
excess of the net proceeds received by such TPG Stockholder from sales of Registrable Securities pursuant to the registration statement to which the claims relate, and provided, further, that the obligations of the TPG Stockholders
shall be several and not joint and several. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Company or any indemnified party and shall survive the transfer of such securities by the
Company. 
 (c) Notices of Claims, etc. Promptly after receipt by an indemnified party of notice of the commencement of any action or
proceeding involving a claim referred to in the preceding paragraphs of this Section 4, such indemnified party shall, if a claim in respect thereof is to be made against an indemnifying party, give written notice to such indemnifying party of
the commencement of such action; provided, however, that the failure of any indemnified party to give notice as provided herein shall not relieve the indemnifying party of its obligations under the preceding paragraphs of this
Section 4, except to the extent that the indemnifying party is materially prejudiced by such failure to give notice. In case any such action is brought against an indemnified party, unless in such indemnified party’s reasonable judgment a
conflict of interest between such indemnified and indemnifying parties may exist with respect to such claim, such indemnified party shall permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the
indemnified party; provided, however, that any person entitled to indemnification hereunder shall have the right to employ separate counsel and to participate in the defense of such claim, but the fees and expenses of such counsel
shall be at the 

  
 15 

 
expense of such person unless (A) the indemnifying party has agreed to pay such fees or expenses or (B) the indemnifying party shall have failed to assume the defense of such claim and
employ counsel reasonably satisfactory to such person within a reasonable time after receipt of notice of such claim from the person entitled to indemnification hereunder. If such defense is not assumed by the indemnifying party as permitted
hereunder, the indemnifying party will not be subject to any liability for any settlement made by the indemnified party without its consent (but such consent will not be unreasonably withheld, conditioned or delayed). If such defense is assumed by
the indemnifying party pursuant to the provisions hereof, such indemnifying party shall not settle or otherwise compromise the applicable claim unless (i) such settlement or compromise contains a full and unconditional release of the
indemnified party of all liability in respect to such claim or litigation or (ii) the indemnified party otherwise consents in writing. An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim will not be
obligated to pay the fees and expenses of more than one counsel (plus local counsel) for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified party, a conflict of
interest may exist between such indemnified party and any other of such indemnified parties with respect to such claim, in which event the indemnifying party shall be obligated to pay the reasonable fees and disbursements of such additional counsel
or counsels. The indemnifying party shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the indemnifying party agrees to
indemnify the indemnified party from and against any loss or liability by reason of such settlement or judgment. 
 The indemnification
provided for under this Agreement shall remain in full force and effect regardless of any investigation made by or on behalf of the indemnified party and shall survive the transfer of securities. 

(d) Contribution. If the foregoing indemnity is held by a governmental authority of competent jurisdiction to be unavailable to the
Company or any TPG Stockholder, or is insufficient to hold harmless an indemnified party, then the indemnifying party shall contribute to the amount paid or payable by the indemnified party as a result of the loss, claim, damage or expense in such
proportion as is appropriate to reflect the relative fault of the indemnifying party and the indemnified party, and the relative benefits received by the indemnifying party and the indemnified party, as well as any other relevant equitable
considerations. No indemnified party guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any indemnifying party who was not guilty of such fraudulent
misrepresentation. In connection with any registration statement filed with the SEC by the Company, the relative fault of the indemnifying party on the one hand and of the indemnified person on the other shall be determined by reference to, among
other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party, and by such
party’s relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. Notwithstanding the provisions of this Section 4, no TPG Stockholder shall be required to contribute an amount
greater than the net proceeds received by such TPG Stockholder from sales of Registrable Securities pursuant to the Registration Statement to which the claims relate (after taking into account the amount of damages which such TPG Stockholder has
otherwise been required to pay by reason of any and all untrue or alleged untrue statements of material fact or omissions or alleged omissions of 

  
 16 

 
material fact made in any Registration Statement or Prospectus or any amendment thereof or supplement thereto related to such sale of Registrable Securities). 

(e) No Exclusivity. The remedies provided for in this Section 4 are not exclusive and shall not limit any rights or remedies which
may be available to any indemnified party at law or in equity or pursuant to any other agreement. 
 Section 5. Covenants Relating
to Rule 144. The Company shall use reasonable best efforts to file any reports required to be filed by it under the Securities Act and the Exchange Act and to take such further action as any TPG Stockholder may reasonably request to enable TPG
Stockholders to sell Registrable Securities without registration under the Securities Act from time to time within the limitation of the exemptions provided by Rule 144. The Company shall, in connection with any request by TPG Stockholder in
connection with a sale, transfer or other disposition by any TPG Stockholder of any Registrable Securities pursuant to Rule 144 either currently or prospectively with unspecified timing, promptly cause (and in no event longer than five
(5) Business Days after such request) the removal of any restrictive legend or similar restriction on the Registrable Securities, and, in the case of book-entry shares, make or cause to be made appropriate notifications on the books of the
Company’s transfer agent for such number of shares and registered in such names as the TPG Stockholders may reasonably request and to provide a customary opinion of counsel and instruction letter required by the Company’s transfer agent.

 Section 6. Limitation on Subsequent Registration Rights. From and after the date of this Agreement, the Company shall not,
without the prior written consent of the TPG Stockholders, enter into any agreement with any holder or prospective holder of any securities of the Company giving such holder or prospective holder any registration rights the terms of which are
equivalent to or more favorable than the registration rights granted to the TPG Stockholders hereunder, or which would reduce the amount of Registrable Securities the holders can include in any Registration Statement filed pursuant to Section 2
hereof, unless such rights are subordinate to those of the holders of Registrable Securities. 
 Section 7. Miscellaneous. 

(a) Termination; Survival. The rights of each TPG Stockholder under this Agreement shall terminate upon the date that all of the
Registrable Securities held by such TPG Stockholder cease to be Registrable Securities. Notwithstanding the foregoing, the obligations of the parties under Sections 3(a)(viii), 4, 5 and this Section 7 shall survive the termination of this
Agreement. 
 (b) Governing Law. This Agreement and any claim, controversy or dispute arising under or related to this Agreement,
whether in law or in equity, whether in contract or in tort, by statute or otherwise, shall be governed and construed in accordance with the laws of the State of New York without giving effect to the principles of conflicts of law thereof or of any
other jurisdiction that would result in the application of another law. 
 (c) Consent to Jurisdiction; Venue; Waiver of Jury Trial.
All actions arising out of or relating to this Agreement shall be heard and determined exclusively in any New York 

  
 17 

 
state or federal court sitting in the Borough of Manhattan in The City of New York. The parties hereto hereby (a) submit to the exclusive jurisdiction of any state or federal court sitting
in the Borough of Manhattan of The City of New York for the purpose of any action arising out of or relating to this Agreement brought by any party hereto, and (b) irrevocably waive, and agree not to assert by way of motion, defense, or
otherwise, in any such action, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune of from attachment or execution, that the action is brought in an inconvenient forum,
that the venue of the action is improper, or that this Agreement or the transactions contemplated hereby may not be enforced in or by any of the above-named courts. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW WHICH CANNOT BE WAIVED, EACH PARTY
HERETO HEREBY WAIVES AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE OR ACTION, CLAIM, CAUSE OF ACTION OR SUIT (IN CONTRACT, TORT OR OTHERWISE),
INQUIRY, PROCEEDING OR INVESTIGATION ARISING OUT OF OR BASED UPON THIS AGREEMENT OR THE SUBJECT MATTER HEREOF OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE TRANSACTIONS CONTEMPLATED HEREBY, IN EACH CASE WHETHER NOW EXISTING OR
HEREAFTER ARISING. EACH PARTY HERETO ACKNOWLEDGES THAT IT HAS BEEN INFORMED BY THE OTHER PARTIES HERETO THAT THIS SECTION 7(C) CONSTITUTES A MATERIAL INDUCEMENT UPON WHICH THEY ARE RELYING AND WILL RELY IN ENTERING INTO THIS AGREEMENT AND THE
TRANSACTIONS CONTEMPLATED HEREBY. ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 7(C) WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF EACH SUCH PARTY TO THE WAIVER OF ITS RIGHT TO TRIAL BY JURY. 

(d) Entire Agreement. This Agreement (including the documents and the instruments referred to herein), together with the Merger
Agreement and the Stockholder Rights Agreement, constitutes the entire agreement among the parties hereto with respect to the subject matter hereof and supersedes any and all prior discussions, negotiations, proposals, undertakings, understandings,
and agreements (including any draft agreements) with respect thereto, whether written or oral, none of which shall be used as evidence of the parties’ intent. 

(e) Amendments and Waivers. No amendment of any provision of this Agreement shall be valid and binding unless it is in writing and
signed by each of the parties hereto. No waiver of any right or remedy hereunder, to the extent legally allowed, shall be valid unless the same shall be in writing and signed by the party making such waiver. No waiver by any party of any breach or
violation of, default under, or inaccuracy in any representation, warranty, covenant, or agreement hereunder, whether intentional or not, shall be deemed to extend to any prior or subsequent breach, violation, default of, or inaccuracy in, any such
representation, warranty, covenant, or agreement hereunder or affect in any way any rights arising by virtue of any prior or subsequent such occurrence. No delay or omission on the part of any party in exercising any right, power, or remedy under
this Agreement shall operate as a waiver thereof. Notwithstanding the foregoing, no amendments may be made to this Agreement that adversely affect any TPG Stockholder in a manner different than any other TPG Stockholder without such adversely
affected TPG Stockholder’s prior written consent. 

  
 18 

 (f) Successors and Assigns. This Agreement shall be binding upon and inure to the benefit
of the parties hereto and to their respective successors and permitted assignee. A “permitted assignee” means any Affiliate of any TPG Stockholder who executes and delivers to the Company a joinder to this Agreement providing that such
assignee shall be bound by and shall fully comply with the terms of this Agreement as a “TPG Stockholder”. Any successor or permitted assignee of any TPG Stockholder shall be deemed a TPG Stockholder for all purposes of this Agreement to
the extent such successor or permitted assignee owns Registrable Securities. No TPG Stockholder may assign its rights hereunder to any Person except to any permitted assignee. 

(g) Expenses. All Registration Expenses incurred in connection with any Registration Statement under this Agreement shall be borne by
the Company. All Selling Expenses relating to securities registered on behalf of the TPG Stockholders shall be borne by the TPG Stockholders of the Registrable Securities included in such registration. The obligation of the Company to bear the
expenses provided for in this paragraph shall apply irrespective of whether a Registration Statement becomes effective, is withdrawn or suspended, or converted to any other form of registration and irrespective of when any of the foregoing shall
occur. 
 (h) Counterparts; Electronic Signature. This Agreement may be executed and delivered in one or more counterparts, all of
which shall be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties, it being understood that all parties need not sign the same
counterpart. This Agreement may be executed by facsimile or .pdf signature by any party and such signature shall be deemed binding for all purposes hereof without delivery of an original signature being thereafter required. 

(i) Severability. Any term or provision of this Agreement that is illegal, invalid or unenforceable in any jurisdiction shall, as to
that jurisdiction, be ineffective to the extent of such illegality, invalidity or unenforceability without rendering illegal, invalid or unenforceable the remaining terms and provisions of this Agreement or affecting the legality, validity or
enforceability of any of the terms or provisions of this Agreement in any other jurisdiction. In the event that any provision hereof would, under applicable law, be illegal, invalid or unenforceable in any respect, each party hereto intends that
such provision shall be reformed and construed by modifying or limiting it so as to be valid and enforceable to the maximum extent compatible with, and possible under, applicable laws and to otherwise give effect to the intent of the parties hereto.

 (j) Notices. All notices and other communications hereunder shall be in writing and shall be deemed duly delivered (i) four
(4) Business Days after being sent by registered or certified mail, return receipt requested, postage prepaid, (ii) one (1) Business Day after being sent for next Business Day delivery, fees prepaid, via a reputable nationwide overnight courier
service or (iii) on the date of confirmation of receipt (or, the first Business Day following such receipt if the date of such receipt is not a Business Day) of transmission by email, in each case to the intended recipient as set forth below:

 If to a TPG Stockholder, to the address indicated for such TPG Stockholder in Schedule A hereto with a copy (which shall not
constitute notice) to: 

  
 19 

			
	 Skadden, Arps, Slate, Meagher & Flom LLP

	 Four Times Square

	 New York, NY 10036

	 Facsimile:
	  	(212) 735-2000
	 Attention:
	  	Sven G. Mickisch
	 Email:
	  	Sven.Mickisch@skadden.com
	 Attention:
	  	Jon A. Hlafter
	 Email:
	  	Jon.Hlafter@skadden.com

 If to the Company, as
follows: 
  

			
	 Assurant, Inc.

	 28 Liberty Street, 41st
Floor

	 New York, New York 10005

	 Telephone:
	  	(212) 859-7000
	 Fax:
	  	(212) 859-7034
	 Attention:
	  	Carey Roberts
	 Email:
	  	carey.roberts@assurant.com

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

			
	 Willkie Farr & Gallagher LLP

	 787 Seventh Avenue

	 New York, New York 10019

	 Telephone:
	  	(212) 728-8000
	 Fax:
	  	(212) 728-8111
	 Attention:
	  	John M. Schwolsky
		  	 Laura L. Delanoy

	 Email:
	  	jschwolsky@willkie.com
		  	 ldelanoy@willkie.com

 Any party may, from time to time, by written notice to the other parties, designate a different address, which
shall be substituted for the one specified above for such party. 
 (k) Specific Performance. The parties agree that irreparable
damage may occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. Accordingly, the parties shall be entitled to seek an injunction or injunctions to
prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement, in addition to any other remedy to which they are entitled at law or in equity. 

[Signature Pages Follow] 

  
 20 

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

			
	ASSURANT, INC.
		
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page to Registration Rights Agreement] 

 TPG STOCKHOLDERS: 
  

			
	TPG VI WOLVERINE, LP
		
	By:	 	  

		 	Name:
		 	Title:
	
	TPG VI WOLVERINE CO-INVEST, LP
		
	By:	 	  

		 	Name:
		 	Title

 [Signature Page to Registration Rights Agreement]EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
  

					
	 Morgan Stanley Senior

Funding, Inc.
 1585
Broadway
 New York, New York 10036
	  	 JPMorgan Chase Bank, N.A.

383 Madison Avenue
 New York, New
York
 10179
	  	 Wells Fargo Bank, National Association

Wells Fargo Securities, LLC

10 S. Wacker, 22nd floor
 Chicago,
Illinois 60606

 January 8, 2018 

Assurant, Inc. 
 28 Liberty Street, 41st Floor 

New York, New York 10005 
 Attention: Richard Dziadzio 

Ladies and Gentlemen: 
 Project Spartan 

$1.0 Billion Backstop Bridge Facility 

$500 Million Incremental Bridge Facility 

Commitment Letter 
 Reference is
hereby made to the Commitment Letter, dated as of October 17, 2017 (as modified by that certain Joinder Agreement to the Commitment Letter, dated as of November 3, 2017 (the “Joinder Agreement”, and such Commitment Letter
as so modified, the “Original Commitment Letter”)) among Assurant, Inc., a Delaware corporation (“you” or the “Borrower”), Morgan Stanley Senior Funding, Inc. (“MSSF”), JPMorgan
Chase Bank, N.A. (“JPMorgan”), Wells Fargo Bank, National Association (“Wells Fargo”), Wells Fargo Securities, LLC (“Wells Fargo Securities” and, together with Wells Fargo, collectively,
“Wells”), and each other party identified on the signature pages of the Joinder Agreement as an “Additional Commitment Party” (together with MSSF, JPMorgan and Wells Fargo, collectively, the “Initial
Lenders”). 
 You have advised MSSF, JPMorgan and Wells Fargo (together with each Lender (as defined below) that becomes a party to
this Commitment Letter as an additional “Commitment Party” pursuant to Section 2 hereof, collectively, the “Commitment Parties”, “we” or “us”) that the
Borrower intends to enter into an Amended and Restated Agreement and Plan of Merger dated as of January 8, 2018 (together with all exhibits, schedules and disclosure letters thereto, collectively, the “Amended and Restated Merger
Agreement”) by and among the Borrower, TWG Holdings Limited, a Bermuda limited company (the “Target”, and together with its subsidiaries, the “TWG Business”), TWG Re, Ltd., a corporation incorporated in the
Cayman Islands (“TWG Re”), Spartan Merger Sub, Ltd., a Bermuda exempted limited liability company and a direct wholly-owned subsidiary of the Borrower (“Merger Sub”), and Arbor Merger Sub, Inc., a Delaware
corporation and a direct wholly-owned subsidiary of the Target (“TWG Merger Sub”), pursuant to or in connection with which (i) the Borrower will acquire the Target pursuant to a statutory merger (the “Merger”),
whereby Merger Sub will merge with and into the Target, with the Target surviving such Merger and (ii) the Target and TWG Re will undertake an internal reorganization such that, at the time of the Merger, the outstanding capital stock of the
Target will consist exclusively of ordinary shares and TWG Re will be a wholly-owned subsidiary of the Target. The transactions described in this paragraph are collectively referred to herein as the “Merger Transactions.” 

In that connection, you have advised us that the total amount required to effect the Merger Transactions (including (i) payment of merger
consideration and (ii) refinancing certain existing 

 indebtedness of the TWG Business) and to pay the fees and expenses incurred in connection with the foregoing
shall be provided by a combination of (a) cash on the balance sheet, (b) the borrowing by the Borrower of term loans pursuant to the Term Loan Agreement, as defined below (the “Term Loan Facility”), and (c) a
combination of (i) the issuance by the Borrower of unsecured debt securities, equity securities, and/or equity-linked securities (the foregoing financings described in this clause (c), collectively, the “Permanent Financing”),
and/or (ii) to the extent the Borrower does not issue the Permanent Financing on or prior to the Closing Date (as defined below), the borrowing by the Borrower of loans under a 364 day senior unsecured bridge term loan facility (the
“Facility”) in an aggregate principal amount not to exceed $1.5 billion and comprised of (a) a $1.0 billion tranche (the “Original Tranche”) and (b) a $500 million tranche (the
“Incremental Tranche”), in each case having terms set forth in this letter and in the Summary of Terms and Conditions attached hereto as Exhibit A (including the Annex attached thereto), and being subject solely to the
Conditions Precedent to Closing attached hereto as Exhibit B (together with Exhibit A, the “Term Sheet”, and this letter together with the Term Sheet and Exhibit C hereto, this “Commitment Letter”).
The Merger Transactions, the Term Loan Facility, the Permanent Financing, the Facility and the transactions contemplated by or related to the foregoing are collectively referred to as the “Transactions”. 

The date of the consummation of the Merger Transactions and on which the Facility shall be available is herein referred to as the
“Closing Date”. 
 1. Commitment. Each of MSSF, JPMorgan and Wells Fargo is pleased, on a
several and not joint basis and on the terms and subject only to the conditions set forth herein and in the Term Sheet, (a) to agree (i) to solicit and use its commercially reasonable efforts to obtain the unanimous consent of the Initial
Lenders to amend and restate the Original Commitment Letter substantially in the form attached hereto as Exhibit C (as such form may be modified as reasonably agreed by you and the Arrangers, the “Amended and Restated Commitment
Letter”) or (ii) to commit to provide, in the event that the Amended and Restated Commitment Letter is not entered into prior to the Closing Date, (x) in the case of MSSF, 35%, (y) in the case of JPMorgan, 32.5% and (z) in
the case of Wells Fargo, 32.5%, in each case, of the Original Tranche (such several and not joint agreement and commitment of MSSF, JPMorgan and Wells Fargo pursuant to this clause (a), the “Backstop Commitment”); and (b) to
commit to provide (x) in the case of MSSF, 35%, (y) in the case of JPMorgan, 32.5% and (z) in the case of Wells Fargo, 32.5%, in each case, of the Incremental Tranche, in each case on the terms and subject only to the conditions set forth
herein and in the Term Sheet; provided, that the amount of the Facility and the aggregate commitments of the Commitment Parties hereunder for the Facility shall be automatically reduced on a pro rata basis at any time on or after the
date hereof as set forth in the section titled “Mandatory Prepayments/Commitment Reductions” in Exhibit A hereto. 
 It is
understood that each of MSSF, JPMorgan and Wells Fargo Securities shall act as a joint lead arranger and joint bookrunner (in such capacities, the “Arrangers”) and that MSSF shall act as sole administrative agent for the Facility.
You agree that no other agents, co-agents, co-arrangers, lead arrangers or bookrunners will be appointed, no other titles will be awarded and no compensation (other than
the compensation expressly contemplated by this Commitment Letter and the Fee Letter referred to below) will be paid in connection with the Facility, unless you and the Arrangers shall agree; provided, that you and the Arrangers agree to the
appointment of titles and the allocation of compensation set forth in the syndication strategy agreed to between you and the Arrangers prior to the date hereof (as such strategy may be modified from time to time by the Borrower in consultation with
the Arrangers, the “Syndication Strategy”). It is further agreed that MSSF will have “upper left” placement in all marketing documentation used in connection with the Facility and shall have all roles and responsibilities
customarily associated with such placement, that JPMorgan shall appear immediately to the right of MSSF and that Wells shall appear immediately to the right of JPMorgan. 

  
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 2. Syndication. The Arrangers reserve the right, in one or more stages and
in consultation with you, to solicit the consent of the Initial Lenders to the Amended and Restated Commitment Letter and/or to syndicate all or a part of the Arrangers’ (or their applicable affiliates’) commitments hereunder to one or
more financial institutions and/or lenders, including the Initial Lenders (collectively, the “Lenders”), which syndication (such term being understood to include the syndication of the Arrangers’ (or their applicable
affiliates’) commitments hereunder and such consent solicitation) shall be managed by the Arrangers in consultation with you and shall be subject to the terms hereof; provided, however, that, notwithstanding anything else to the
contrary contained herein, (a) until the date that is 45 days after the date hereof (the “Initial Syndication Period”), the selection of Lenders, any roles awarded and allocations by the Arrangers shall be in accordance with
the Syndication Strategy or otherwise subject to your approval (which approval may or may not be provided in your sole discretion); provided, that such approval shall not be required with respect to the selection of the Initial Lenders or any
other Lender that is a party to the Credit Agreements (as defined below), (b) following the Initial Syndication Period, if and for so long as a Successful Syndication (as defined in the Fee Letter referred to below) has not been achieved, the
selection of Lenders by the Arrangers shall be in consultation with you; provided, further, that Lenders selected by the Arrangers pursuant to this clause (b) shall be limited (unless otherwise consented to by you, such
consent not to be unreasonably withheld or delayed) to commercial and investment banks, in each case, whose senior, unsecured, long-term indebtedness has an “investment grade” rating by Moody’s Investor Services, Inc.
(“Moody’s”) and S&P Global Ratings, a business unit of Standard & Poor’s Financial Services LLC (“S&P”) and (c) following the achievement of a Successful Syndication, you shall have
the applicable consent rights with respect to assignments of commitments and loans under the Facility as set forth in the Term Sheet. The applicable commitments of JPMorgan and Wells Fargo hereunder with respect to the Facility shall be reduced pro
rata between them and dollar-for-dollar as and when corresponding commitments for the Facility are received from Lenders only if and to the extent that such Lenders
become (i) party to the Amended and Restated Commitment Letter, (ii) party to this Commitment Letter as an additional “Commitment Party” pursuant to documentation reasonably satisfactory to the Arrangers and you (a
“Joinder Agreement”) or (iii) party to the bridge loan agreement for the Facility (the “Bridge Loan Agreement”, and together with the other definitive documentation for the Facility, the “Credit
Documentation”) as a “Lender” thereunder. Notwithstanding the Arrangers’ right to syndicate the Facility and receive commitments with respect thereto, except with respect to any portion of the Arrangers’ (or their
applicable affiliates’) commitments hereunder which has been assigned to (or replaced by an equal amount of commitments of) Lenders which (as applicable) have become party to the Amended and Restated Commitment Letter, this Commitment Letter,
or the Bridge Loan Agreement as described above, the Arrangers shall not be relieved, released or novated from their (or their respective affiliates’) commitments hereunder (including its obligation to fund under the Facility on the Closing
Date in accordance with the terms and conditions set forth in this Commitment Letter) in connection with any syndication, assignment or participation of the Facility, until the funding of the Facility has occurred on the Closing Date. 

The Arrangers intend to commence syndication efforts promptly following the date hereof. You agree to use your commercially reasonable efforts
to actively assist the Arrangers in completing a syndication reasonably satisfactory to the Arrangers and you as soon thereafter as practicable until the date that a Successful Syndication is achieved. Such assistance shall include, without
limitation, (a) your using commercially reasonable efforts to ensure that the Arrangers’ syndication efforts benefit materially from your existing lending and investment banking relationships, (b) direct contact between appropriate
members of your senior management and advisors, on the one hand, and the proposed Lenders, on the other hand, at such times during normal business hours as are mutually agreed, (c) your assistance in the preparation of a confidential
information memorandum (a “Confidential Information Memorandum”) and other customary marketing materials (other than materials the disclosure of which would violate any law, rule or regulation or any confidentiality obligation or
waive attorney-client privilege; it being understood that if any such information is withheld in reliance on this 

  
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parenthetical in respect of confidentiality or privilege, you shall advise the Arrangers of such fact and shall, following a reasonable request from the Arrangers, use commercially reasonable
efforts to furnish the relevant information by alternative means that would not violate the relevant obligation of confidentiality or waive the relevant privilege, including by requesting consent from the applicable contractual counterparty to
disclose any information) to be used in connection with the syndication by providing information and other customary materials reasonably requested in connection therewith, (d) your promptly executing one or more Joinder Agreements in
accordance with this Section 2, and (e) the hosting, with the Arrangers, of one or more meetings or conference calls with prospective Lenders, at reasonable times and locations to be mutually agreed upon, as reasonably
requested by the Arrangers. Notwithstanding anything to the contrary contained in this Commitment Letter or the Fee Letter and without limiting your obligations to assist with syndication efforts as set forth herein, (x) none of the foregoing
shall constitute a condition to the commitments hereunder or the funding under the Facility on the Closing Date and (y) neither the commencement nor the completion of the syndication of the Facility shall constitute a condition to the
commitments hereunder or the funding under the Facility on the Closing Date. 
 Until the date that is the earlier of (a) a Successful
Syndication and (b) 60 days after the Closing Date, you agree that without the consent of the Arrangers there shall be no competing offering, placement or arrangement of any commercial bank or other credit facilities by or on behalf of the Borrower
or any of its subsidiaries or (through the use of the Borrower’s commercially reasonable efforts in accordance with the Amended and Restated Merger Agreement) by any of the TWG Business (other than (i) the Permanent Financing,
(ii) any amendment (including an amendment required to reflect the terms of the Amended and Restated Merger Agreement) to the Term Loan Agreement, dated as of December 15, 2017 among the Borrower, JPMorgan Chase Bank, N.A.
(“JPMC”) as administrative agent and the lenders party thereto (the “Term Loan Agreement”); provided that such amendment shall be managed by MSSF and JPMorgan, (iii) ordinary course letter of credit
facilities, overdraft protection, short term working capital facilities, ordinary course foreign credit facilities (including the renewal, replacement or refinancing thereof), factoring arrangements, capital leases, issuances of commercial paper,
financial leases, hedging and cash management obligations and any other similar ordinary course debt, (iv) purchase money and equipment financings and similar obligations, (v) any amendment (including an amendment required to reflect the
terms of the Amended and Restated Merger Agreement), refinancing or renewal of the Amended and Restated Credit Agreement, dated as of December 15, 2017 among the Borrower, JPMorgan as administrative agent and the lenders party thereto (the
“Revolving Credit Agreement”, and together with the Term Loan Agreement, the “Credit Agreements”); provided that such amendment, refinancing or renewal of shall be managed by the applicable agents or
arrangers thereunder in coordination with MSSF, (vi) any indebtedness permitted to be incurred by the TWG Business under the Amended and Restated Merger Agreement and (vii) any indebtedness of any Managed Vehicle (as defined in the Credit
Agreements); provided, that (x) such indebtedness described in this clause (vii) shall be Non-Recourse Indebtedness (as defined in the Credit Agreements) and (y) the offering, placement
or arrangement of such indebtedness described in this clause (vii) shall not be syndicated to any commercial bank market that would in the reasonable opinion of the Arrangers be expected to materially impair the syndication of the Facility.

 In addition, you agree to use commercially reasonable efforts to maintain a public corporate credit rating from S&P and a public
corporate family rating from Moody’s (but in either case no specific rating shall be required), in each case with respect to the Borrower, prior to the Closing Date. 

The Arrangers will manage all aspects of the syndication in consultation with you, including, without limitation, decisions as to the
selection of institutions to be approached and when they will be approached, when their commitments will be accepted, which institutions will participate and the 

  
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 allocations of the commitments among the Lenders and the amount and distribution of fees among the Lenders,
subject to the limitations and requirements set forth above. 
 In acting in its capacity as Arranger, no Arranger will have any
responsibility other than to arrange the syndication as set forth herein and shall in no event be subject to any fiduciary or other implied duties. To assist the Arrangers in their syndication efforts, you agree promptly to prepare and provide to us
all information with respect to the Borrower and its subsidiaries and the Transactions, including, without limitation, all financial information and projections (the “Projections”), as the Arrangers may reasonably request in
connection with the arrangement and syndication of the Facility. 
 You agree that, subject to the confidentiality obligations contained
herein, the Arrangers may make available any Information (as defined below) and Projections (collectively, the “Company Materials”) to potential Lenders by posting the Company Materials on IntraLinks or another similar secure
electronic system (the “Platform”) on a confidential basis in accordance with the Arrangers’ standard syndication practices (including hard copy and via electronic transmissions). You further agree to assist, at the request of
the Arrangers, in the preparation of a version of a Confidential Information Memorandum and other marketing materials and presentations to be used in connection with the syndication of the Facility, consisting exclusively of information or
documentation that is either (a) publicly available (or could be derived from publicly available information) or (b) not material with respect to you, the TWG Business or your subsidiaries or any of their respective securities for purposes
of United States federal and state securities laws (all such information and documentation being “Public Lender Information”). Any information and documentation that is not Public Lender Information is referred to herein as
“Private Lender Information.” You further agree, at our request, to identify any document to be disseminated by the Arrangers to any Lender or potential Lender in connection with the syndication of the Facility as containing solely
Public Lender Information by clearly and conspicuously marking the same as “PUBLIC” (it being understood that you shall not otherwise be under any obligation to mark any document as “PUBLIC”). You acknowledge and agree that,
after having been given a reasonable opportunity to review such documents, the following documents will contain solely Public Lender Information unless you advise the Commitment Parties that such material contain Private Lender Information:
(i) drafts and final Credit Documentation; (ii) administrative materials prepared by the Arrangers for potential Lenders (e.g. a lender meeting invitation, allocations and/or funding and closing memoranda), in each case to the extent
approved by you prior to distribution; and (iii) notification of changes in the terms of the Facility. 
 3.
Information. You hereby represent that (a) all written information (other than the Projections, forward-looking statements, estimates and general economic or industry specific information) (the “Information”)
that has been or will be furnished to us or any of our affiliates or any Lender or potential Lender by you, the TWG Business, or any of your or its representatives does not or will not, when furnished, contain any untrue statement of a material fact
or omit to state a material fact necessary in order to make the statements contained therein, in light of the circumstances under which such statements were made, not materially misleading (when taken as a whole and after giving effect to all
supplements and updates thereto); provided, that such representation with respect to the TWG Business prior to the Closing Date is made only to the best of your knowledge and (b) the Projections, estimates and forward-looking information
that have been or will be made available to us or any of our affiliates or any Lender or potential Lender by you or any of your representatives have been or will be prepared in good faith based upon assumptions believed by you to be reasonable at
the time of the delivery of such Projections, estimates and other forward-looking information (it being understood that such Projections are subject to significant uncertainties and contingencies, any of which are beyond your control, and that no
assurance can be given that any particular Projection will be realized). If at any time, any of the representations in the preceding sentence would be incorrect in any material respect if the Information and Projections were being furnished, and
such representations were being made, at such time, then you 

  
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will (and with respect to the TWG Business, use your commercially reasonable efforts to) promptly supplement, or cause to be supplemented, the Information and Projections so that (to the best of
your knowledge with respect to the TWG Business prior to the Closing Date) such representations will be correct in all material respects at such time until (i) if a Successful Syndication has been achieved by the Closing Date, the Closing Date
or (ii) if a Successful Syndication has not been achieved by the Closing Date, the earlier of (x) the achievement of a Successful Syndication and (y) 60 days after the Closing Date. You acknowledge that we will be entitled to use and
rely on the Information and Projections without independent verification thereof. 
 We reserve the right to employ the services of one or
more of our affiliates in providing services contemplated by this Commitment Letter and to allocate, in whole or in part, to such affiliates certain fees payable to us in such manner as we and our affiliates may agree. You acknowledge that we may
share with any of our affiliates, and such affiliates may share with us, any information related to the Transactions, you and your subsidiaries or the TWG Business or any of the matters contemplated hereby in connection with the Transactions, in
each case on a confidential basis. 
 4. Fees. As consideration for our commitments hereunder and each Arranger’s
agreement to perform the services described herein, you agree to pay (when due and payable) the non-refundable fees set forth in Term Sheet and the fees set forth in the supplemental fee letter delivered
herewith from MSSF, JPMorgan and Wells to you dated the date hereof (the “Fee Letter”). 
 5. Conditions
Precedent. Our commitments and agreements hereunder are subject solely to those conditions specified in Exhibit B; it being understood that there are no conditions (implied or otherwise) to the commitments hereunder (including
compliance with the terms of the Commitment Letter, the Fee Letter and the Credit Documentation) other than those that are expressly stated in Exhibit B to be conditions to the funding under the Facility on the Closing Date (and upon
satisfaction or waiver of such conditions, the funding requested by you under the Facility shall occur). Notwithstanding anything in this Commitment Letter, the Fee Letter, the Credit Documentation or any other letter agreement or other undertaking
to the contrary, (a) the only representations and warranties the accuracy of which shall be a condition to availability of the Facility on the Closing Date shall be (i) the Merger Agreement Representations (as defined below) and
(ii) the Specified Representations (as defined below) and (b) the terms of the Credit Documentation shall be in a form such that they do not impair availability of the Facility on the Closing Date if the conditions expressly set forth in
Exhibit B hereto are satisfied. 
 For purposes of the previous paragraph, (a) “Merger Agreement Representations”
means the representations and warranties made by or on behalf of or related to the TWG Business in the Amended and Restated Merger Agreement as are material to the interests of the Lenders, but only to the extent that you (or your applicable
subsidiary) have the right to terminate your (or its) obligation to consummate the Merger Transactions under the Amended and Restated Merger Agreement or the right not to consummate the Merger Transactions pursuant to the Amended and Restated Merger
Agreement as a result of a breach of such representations and warranties and (b) “Specified Representations” means the representations and warranties of the Borrower set forth in the Credit Documentation relating to corporate or
other organizational existence of the Borrower and each Guarantor (as defined in the Term Sheet); organizational power and authority (as to execution, delivery and performance of the Credit Documentation) of the Borrower and each Guarantor; the due
corporate authorization, execution and delivery of the Credit Documentation by the Borrower and each Guarantor; enforceability and governmental authorizations, in each case, as it relates to entering into and performance of the Credit Documentation
by the Borrower and each Guarantor; the Credit Documentation not conflicting with (i) organizational documents or (ii) any agreement or instrument governing committed or outstanding Material Indebtedness (as defined in the Credit
Agreements) of the Borrower (in the case of this clause (ii), without giving effect to any “material adverse effect” qualification); solvency as of the Closing Date 

  
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(after giving effect to the Transactions) of the Borrower and its subsidiaries on a consolidated basis (such representation and warranty to be consistent with the solvency certificate in the form
set forth in Annex I to Exhibit B); Federal Reserve margin regulations; Investment Company Act; use of proceeds in violation of OFAC and FCPA; and anti-money laundering laws. The provisions in this Section 5
are referred to as the “Limited Conditionality Provisions.” 
 6. Indemnity and Expenses; Other
Activities. You agree (a) to indemnify and hold harmless each Commitment Party and its affiliates and each officer, director, employee, advisor and agent of each Commitment Party or its affiliates (each, an “indemnified
person”) from and against any and all losses, claims, damages and liabilities to which any such indemnified person may become subject arising out of or in connection with this Commitment Letter, the Fee Letter, the Facility, the use of the
proceeds thereof, the Transactions or any related transaction or any claim, litigation, investigation or proceeding relating to any of the foregoing, regardless of whether any indemnified person is a party thereto and regardless of whether brought
by a third party or by you or any of your affiliates (any of the foregoing, a “Proceeding”), and to reimburse each indemnified person upon written demand for any reasonable and documented out-of-pocket expenses incurred in connection with investigating, defending, preparing to defend or participating in any such Proceeding, including the reasonable fees and expenses of one common counsel, of
reasonably required local counsel (limited to one such local counsel in each jurisdiction) plus one reasonably required insurance regulatory counsel and, solely in the case of an actual or potential conflict of interest, of one additional counsel
(and if reasonably required, one local counsel in each jurisdiction) to each group of similarly situated affected indemnified persons taken as a whole; provided, further, that the foregoing indemnity will not, as to any indemnified person, apply to
losses, claims, damages, liabilities or related expenses to the extent they (i) are found by a final, non-appealable judgment of a court of competent jurisdiction to result directly from (A) the
willful misconduct, bad faith or gross negligence of such indemnified person or any Related Person (as defined below) thereof or (B) a material breach by such indemnified person or any Related Person thereof of its obligations under this
Commitment Letter or the Fee Letter, or (ii) result from a dispute solely among indemnified persons that does not involve an act or omission by you or any of your affiliates and are not brought against such indemnified person in such capacity
as an agent or arranger or similar role under the Facility, and (b) to reimburse each Commitment Party and its affiliates upon written demand for all reasonable and documented
out-of-pocket expenses (including, without limitation, reasonable and documented fees, charges and disbursements of counsel) incurred in connection with the Facility and
any related documentation (including, without limitation, this Commitment Letter, the Fee Letter and the Credit Documentation) or the administration, amendment, modification or waiver thereof and in connection with the enforcement of any of its
rights and remedies hereunder; provided, that you shall only be obligated to reimburse the Commitment Parties and their affiliates for the reasonable fees and expenses of one common counsel, of reasonably required local counsel (limited to one such
local counsel in each jurisdiction) plus one reasonably required insurance regulatory counsel and, solely in the case of an actual or potential conflict of interest, of one additional counsel (and if reasonably required, one local counsel in each
jurisdiction plus one reasonably required insurance regulatory counsel) to the affected indemnified person. Notwithstanding any other provision of this Commitment Letter, no indemnified person shall be liable for any damages arising from the use by
unintended recipients of Information or other materials obtained through electronic, telecommunications or other information transmission systems, except to the extent they are found by a final, non-appealable
judgment of a court of competent jurisdiction to result directly from (x) the willful misconduct, bad faith or gross negligence of such indemnified person or any Related Person thereof or (y) material breach by such indemnified person or
any Related Person thereof of its obligations under this Commitment Letter or the Fee Letter. None of you or your affiliates, the TWG Business, the Commitment Parties or any other indemnified party shall be liable for any special, indirect,
consequential or punitive damages in connection with the Commitment Letter, the Fee Letter, the Facility, the use of the proceeds thereof, the Transactions or any related transaction; provided, that nothing in this sentence shall limit your
indemnity and reimbursement obligations set forth herein to the 

  
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extent such special, indirect, consequential or punitive damages are included in any third party claim in connection with which such indemnified person is entitled to indemnification or
reimbursement hereunder. For purposes hereof, a “Related Person” of an indemnified person means (a) any controlling person, controlled affiliate or subsidiary of such indemnified person, (b) the respective directors,
officers or employees of such indemnified person or any of its subsidiaries, controlled affiliates or controlling persons and (c) the respective agents and advisors of such indemnified person or any of its subsidiaries, controlled affiliates or
controlling persons, in the case of this clause (c), acting on behalf of or at the instructions of such indemnified person, controlling person or such controlled affiliate. 

You will not, without the prior written consent of the indemnified persons (such consent not to be unreasonably withheld or delayed), settle,
compromise, consent to the entry of any judgment in or otherwise seek to terminate any Proceeding in respect of which indemnification may be sought hereunder (whether or not any indemnified person is a party thereto) unless such settlement,
compromise, consent or termination (a) includes an unconditional release of each indemnified person from all liability arising out of such Proceeding and (b) does not include a statement as to, or an admission of, fault, culpability, or a
failure to act by or on behalf of such indemnified person. You will not be liable for any settlement, compromise, consent or termination of any pending or threatened Proceeding effected without your prior written consent (which shall not be
unreasonably withheld or delayed); provided, however, that if a Proceeding is settled, compromised, consented to or terminated with your prior written consent or if there is a final judgment in any such Proceeding, you agree to
indemnify and hold harmless each indemnified person to the extent and in the manner set forth above. The provisions of this paragraph and the immediately preceding paragraph shall be superseded by the indemnity and expense provisions of the Credit
Documentation after the Closing Date to the extent covered thereby. 
 You acknowledge that each Commitment Party and its affiliates (the
term “Commitment Party” as used below in this paragraph being understood to include such affiliates) may be providing debt financing, equity capital or other services (including, without limitation, financial advisory services) to
other companies in respect of which you may have conflicting interests or a commercial or competitive relationship with and otherwise. In particular, you acknowledge that Morgan Stanley & Co. LLC (“MS&Co.”) is acting as
a buy-side financial advisor to you in connection with the Transactions. You agree not to assert or allege any claim based on actual or potential conflict of interest arising or resulting from, on the one
hand, the engagement of MS&Co. in such capacity and our obligations hereunder, on the other hand. No Commitment Party will use confidential information obtained from you by virtue of the transactions contemplated hereby or other relationships
with you in connection with the performance by the Commitment Parties of services for other companies, and no Commitment Party will furnish any such information to other companies or their advisors. You also acknowledge that no Commitment Party has
any obligation to use in connection with the transactions contemplated hereby, or to furnish to you, confidential information obtained from other companies. You acknowledge that each Commitment Party is acting pursuant to a contractual relationship
on an arm’s length basis, and the parties hereto do not intend that any Commitment Party or its affiliates act or be responsible as a fiduciary to you, your management, stockholders, creditors or any other person. You hereby expressly disclaim
any fiduciary relationship and agree that you are responsible for making your own independent judgments with respect to any transactions (including the Transactions) entered into between you and the Commitment Parties. You also acknowledge that no
Commitment Party has advised and none is advising you as to any legal, accounting, regulatory or tax matters, and that you are consulting your own advisors concerning such matters to the extent you deem appropriate. 

7. Governing Law, etc. This Commitment Letter shall be governed by, and construed in accordance with, the law of the State
of New York; provided that the laws of the State of Delaware shall govern in determining (i) whether the Merger Transactions have been consummated in accordance with the terms of the Amended and Restated Merger Agreement,
(ii) whether a Target Material Adverse 

  
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Effect (as defined in Exhibit B) has occurred and (iii) compliance with any Merger Agreement Representations. The parties hereto hereby waive any right they may have to a trial by
jury with respect to any claim, action, suit or proceeding arising out of or contemplated by this Commitment Letter. The parties hereto submit to the exclusive jurisdiction of the federal and New York State courts located in the County of New York
in connection with any dispute related to, contemplated by, or arising out of this Commitment Letter and agree that any service of process, summons, notice or document by registered mail addressed to such party shall be effective service of process
for any suit, action or proceeding relating to any such dispute. The parties hereto irrevocably and unconditionally waive any objection to the laying of venue of any such suit, action or proceeding brought in any such court and agree that any final
judgment in any such suit, action or proceeding brought in any such court shall be conclusive and may be enforced in other jurisdictions by suit upon the judgment or in any other manner provided by law. 

8. PATRIOT Act. We hereby notify you that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (October 26, 2001), as amended) (the “PATRIOT Act”), the Commitment Parties and the other Lenders may be required to obtain, verify and record information that identifies you and
each Guarantor, which information includes your and each such Guarantor’s name and address, and other information that will allow the Commitment Parties and the other Lenders to identify you and each Guarantor in accordance with the PATRIOT
Act. This notice is given in accordance with the requirements of the PATRIOT Act and is effective for each Commitment Party and the other Lenders. 

9. Confidentiality. This Commitment Letter is delivered to you on the understanding that neither this Commitment Letter
nor the Fee Letter nor any of their terms or substance shall be disclosed, directly or indirectly, to any other person except (a) to your and your affiliates’ respective officers, directors, employees, stockholders, partners, members,
accountants, attorneys, agents and advisors who are directly involved in the consideration of this matter on a confidential and need-to-know basis, (b) as may be
compelled in a judicial or administrative proceeding or as otherwise required by law, regulation, compulsory legal process or as requested by a governmental authority (in which case you agree to the extent permitted under applicable law to inform us
promptly thereof), (c) this Commitment Letter (including the Term Sheet) and the contents thereof (but not the Fee Letter or the contents thereof) may be disclosed to seller of the TWG Business and its officers, directors, employees,
accountants, attorneys, agents, stockholders, partners, controlling persons, representatives and advisors in connection with their consideration of the Transactions on a confidential and need-to-know basis, (d) after your acceptance of this Commitment Letter and Fee Letter, you may disclose this Commitment Letter (but not the Fee Letter) in filings with the United States Securities and
Exchange Commission (“SEC”) and other applicable regulatory authorities and stock exchanges, as required by law, (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this
Commitment Letter, the Fee Letter, or the transaction contemplated thereby or enforcement hereof and thereof and (f) if the Arrangers consents to such disclosure. In addition, you may disclose (i) this Commitment Letter and the contents
hereof to any rating agency on a confidential basis, (ii) this Commitment Letter and the contents hereof in any syndication of the Facility or in any confidential information memorandum, prospectus or offering memorandum related to any
Permanent Financing issued in lieu of the Facility or in any public filing (including documents furnished) relating to the Transactions, (iii) the aggregate amount of fees and other compensation under the Facility (but without disclosing any
specific fees, flex or other economic terms set forth in the Fee Letter) aggregated with the other fees and compensation for the Transactions as part of projections, pro forma information or generic disclosure of aggregate sources and uses
related to the Transactions in any syndication of the Facility or in any prospectus or offering memorandum related to any securities issued in lieu of the Facility or in any filings with (including documents furnished to) the Securities Exchange
Commission to the extent required by law or regulation, in each case to the extent customary, (iv) the Fee Letter to the seller of the TWG Business and its officers, directors, employees, attorneys, accountants, agents, representatives and
advisors, in each case in connection with the Transactions, on a confidential and need-to-know basis and redacted in a manner reasonably acceptable to

  
 9 

 
the Arrangers and (v) the Fee Letter and the contents thereof on a confidential basis after the Closing Date to the Borrower’s auditors for customary accounting purposes, including
accounting for deferred financing costs. The foregoing restrictions shall cease to apply in respect of the existence and contents of this Commitment Letter (but not in respect of the Fee Letter and its contents) on the earliest of (x) the date
(if any) on which this Commitment Letter is publicly filed by the Borrower in accordance with clause (d) of this paragraph, (y) the Closing Date and (z) the date that is two years following the termination of this Commitment Letter in
accordance with its terms. 
 Each Commitment Party will treat as confidential all non-public and
confidential information provided to it by you or on your behalf hereunder and shall use all non-public and confidential information received by it in connection with the Transactions solely for the purposes
of providing the services that are the subject of this Commitment Letter or the Fee Letter; provided, that nothing herein shall prevent such person from disclosing any such information (a) to any Lenders or participants or prospective
Lenders or participants and any direct or indirect contractual counterparties to any swap or derivative transaction relating to you or your obligations under the Facility (collectively, “Specified Counterparties”), (b) to its
affiliates and officers, directors, employees, accountants, attorneys, agents and advisors (collectively, the “Representatives”) who need to know such information in connection with the Transactions and are informed of the
confidential nature of such information and are bound to maintain the confidentiality of such information, (c) as may be compelled or requested in a judicial or administrative proceeding or as otherwise required by law or requested by a
governmental authority (in which case such person (i) shall limit such disclosure to the extent necessary to comply with such order, regulation, law or request and (ii) agrees to the extent permitted under applicable law to inform you
promptly thereof), (d) to any rating agency on a confidential basis; provided, that any disclosure of material non-public information shall require your prior approval, (e) in connection with an
audit or examination by any state, federal or foreign authority or examiner regulating banks or banking, (f) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Commitment Letter, the Fee
Letter, or the transaction contemplated thereby or enforcement hereof and thereof and (g) to the extent such confidential information becomes publicly available (i) other than as a result of a breach of this provision or (ii) to it
from a source, other than you, which it has no reason to believe has any confidentiality or fiduciary obligation to you, your affiliates or the TWG Business with respect to such information; provided, that the disclosure of any such
information to any Lenders or prospective Lenders or participants or prospective participants or Specified Counterparties referred to above shall be made subject to the acknowledgment and acceptance by such Lender or prospective Lender or
participant or prospective participant or Specified Counterparty that such information is being disseminated on a confidential basis in accordance with the standard syndication process of the Arrangers or customary market standards for dissemination
of such types of information; provided, further, that the foregoing obligations of the Commitment Parties shall remain in effect until the earlier of (x) the first anniversary of the date of the Original Commitment Letter, and
(y) the execution and delivery of the Credit Documentation by the parties thereto, at which time any confidentiality undertaking in the Credit Documentation shall supersede the provisions in this paragraph. 

10. Miscellaneous. This Commitment Letter shall not be assignable by you without our prior written consent (and any
purported assignment without such consent shall be null and void), is intended to be solely for the benefit of the parties hereto and is not intended to confer any benefits upon, or create any rights in favor of, any person other than the parties
hereto and the indemnified persons. We may assign our commitments and agreements hereunder, in whole or in part, (i) to any of our affiliates (provided, that, except in the case of assignments between MSSF and Morgan Stanley Bank, N.A.
or between Commitment Parties which are affiliates of each other, no assigning Commitment Party shall be released from the portion of its commitment hereunder so assigned to the extent such affiliate fails to fund the portion of the commitment
assigned to it on the Closing Date notwithstanding the satisfaction of the conditions to such funding set forth herein) and (ii) subject to the applicable requirements set forth in 

  
 10 

 
Section 2 above, to any proposed Lender prior to the Closing Date. This Commitment Letter may not be amended or waived except by an instrument in writing signed by you
and us. This Commitment Letter may be executed in any number of counterparts, each of which shall be an original, and all of which, when taken together, shall constitute one agreement. Delivery of an executed signature page of this Commitment Letter
by electronic transmission shall be effective as delivery of a manually executed counterpart hereof. This Commitment Letter, the Fee Letter, the Original Commitment Letter and the “Fee Letter” referred to therein are the only agreements
that have been entered into among us with respect to the Facility and set forth the entire understanding of the parties with respect thereto. No individual has been authorized by any Commitment Party or its affiliates to make any oral or written
statements that are inconsistent with this Commitment Letter or the Fee Letter. As used in this Commitment Letter and the Fee Letter, the term “affiliate” includes our lending partners. 

The information, reimbursement, indemnification, confidentiality, syndication, jurisdiction, governing law and waiver of jury trial provisions
contained herein and in the Fee Letter shall remain in full force and effect regardless of whether the Credit Documentation shall be executed and delivered and notwithstanding the termination of this Commitment Letter or our commitments hereunder
except that the information and syndication provisions shall not survive if the commitments and undertakings of the Commitment Parties are terminated prior to the effectiveness of the Facility; provided, that your obligations under this
Commitment Letter, other than those pursuant to syndication, clear markets and confidentiality, shall automatically terminate and be superseded by the Credit Documentation (to the extent covered thereby) upon the Closing Date, and (to the extent so
covered) you shall be released from all liability in connection therewith at such time. You may terminate this Commitment Letter and/or our commitments hereunder at any time subject to the provisions of the immediately preceding sentence. 

If the foregoing correctly sets forth our agreement, please indicate your acceptance of the terms hereof and the Fee Letter by returning to us
executed counterparts hereof and of the Fee Letter, together with a copy of the fully executed Amended and Restated Merger Agreement, prior to 11:59 p.m. (New York City time) on January 8, 2018. If the Commitment Letter and Fee Letter have not
been executed and returned together with a copy of the fully executed Amended and Restated Merger Agreement by such time, then the Commitment Parties’ offer hereunder shall terminate at such time. After your execution and delivery to us of this
Commitment Letter and the Fee Letter, our outstanding commitments with respect to the Facility in this Commitment Letter shall automatically terminate upon the earliest to occur of (i) the execution and delivery of the Amended and Restated
Commitment Letter by all parties thereto, (ii) the execution and delivery of the Bridge Loan Agreement by all parties thereto, (iii) December 17, 2018, (iv) the closing of the Merger Transactions without the use of the Facility, and
(v) the valid termination of the Amended and Restated Merger Agreement in accordance with its terms (the earliest of clauses (iii) through (v) being the “Commitment Termination Date”); provided,
that the termination of any Commitment pursuant to this sentence shall not prejudice your rights and remedies with respect to any breach of this Commitment Letter or the Fee Letter that occurred prior to any such termination. 

In addition you agree to terminate the outstanding commitments under the Original Commitment Letter at the written request of MSSF
(i) upon the achievement of a Successful Syndication or (ii) in the event that the Amended and Restated Commitment Letter has not been executed by all parties thereto on or prior to the last day of the Initial Syndication Period, at any
time thereafter. Each of the parties hereto acknowledges and agrees that, pursuant to the terms of the Amended and Restated Commitment Letter, the outstanding commitments under this Commitment Letter shall be automatically terminated if and at such
time that the Amended and Restated Commitment Letter is executed by all parties thereto. 

  
 11 

 Each of the parties hereto agrees that this Commitment Letter and the Fee Letter are binding and
enforceable agreements with respect to the subject matter contained herein and therein, including an agreement to negotiate in good faith the Credit Documentation by the parties hereto in a manner consistent with this Commitment Letter, it being
acknowledged and agreed that the commitments provided hereunder by the Commitment Parties are subject only to conditions precedent set forth in Exhibit B. 

[Signature Pages Follow] 

  
 12 

 We are pleased to have been given the opportunity to assist you in connection with this important
financing. 
  

			
	Very truly yours,
	
	MORGAN STANLEY SENIOR FUNDING, INC.
		
	By:	 	 /s/ Subhalakshmi Ghosh-Kohli

		 	Name: Subhalakshmi Ghosh-Kohli
		 	Title: Authorized Signatory

 [Signature Page to Project Spartan Commitment Letter] 

 
			
	 JPMORGAN CHASE BANK, N.A.

		
	 By:
	 	 /s/ Kristen M. Murphy

		 	 Name: Kristen M. Murphy

		 	 Title: Vice President

 [Signature Page to Project Spartan Commitment Letter] 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Michelle S. Dagenhart

		 	Name: Michelle S. Dagenhart
		 	Title: Director
	
	WELLS FARGO SECURITIES, LLC
		
	By:	 	 /s/ Stephen Locke

		 	Name: Stephen Locke
		 	Title: Managing Director

 [Signature Page to Project Spartan Commitment Letter] 

			
	 Accepted and agreed to as of

the date first written above by:

	
	 ASSURANT, INC.

		
	By:	 	 /s/ Alan B. Colberg

		 	 Name: Alan B. Colberg

		 	 Title: President and Chief Executive Officer

 [Signature Page to Project Spartan Commitment Letter] 

 Exhibit A 

PROJECT SPARTAN 
 $1.5 BILLION 364-DAY SENIOR UNSECURED BRIDGE TERM LOAN FACILITY 
 Summary of Terms and Conditions 

Capitalized terms not otherwise defined herein shall have the same meanings as specified with respect thereto in the Commitment Letter to which this
Exhibit A is attached. 
 I. THE PARTIES 
  

					
	 Borrower:
	  	 Assurant, Inc. (the “Borrower”).

 

	 Guarantors:
	  	 All obligations of the Facility shall be guaranteed by each existing and future subsidiary of the Borrower (other than foreign
subsidiaries of the Borrower and any Managed Vehicle) (including, without limitation, the TWG Business) but only if (i) such subsidiary incurs, borrows or guarantees any Material Indebtedness (other than intercompany indebtedness) or
(ii) otherwise agreed by the Arrangers and the Borrower that such subsidiary should provide a guarantee; provided that any subsidiary shall not be required to provide any such guarantee prior to the date which is the earlier of (x) 60
days after the Closing Date (or such later date as the Administrative Agent reasonably may agree) and (y) the date (not earlier than the Closing Date) on which the applicable subsidiary incurs, borrows or guarantees any committed or outstanding
Material Indebtedness (other than intercompany indebtedness). Each such guarantor of the Facility is referred to herein as a “Guarantor”.
  

	 Joint Lead Arrangers

and Joint Bookrunners:
	  	 Morgan Stanley Senior Funding, Inc. (“MSSF”), JPMorgan Chase Bank N.A. and Wells Fargo Securities, LLC will act
as joint lead arrangers and joint bookrunners for the Facility (in such capacities, the “Arrangers”).
  

	 Administrative Agent:
	  	 MSSF will act as the sole and exclusive administrative agent for the Facility (in such capacity, the “Administrative
Agent”).
  

	 Lenders:
	  	A syndicate of banks, financial institutions and other entities, including the Arrangers and/or any of their respective affiliates, arranged by the Arrangers in accordance with the syndication provisions of the
Commitment Letter (collectively, the “Lenders”).

 II. THE FACILITY 
  

					
	 Type and Amount of Facility:
	  	364-day senior unsecured bridge term loan facility in the amount

  
 A-1 

					
		  	 of $1.5 billion (the “Facility”), consisting of:

 
 (i) a $1.0 billion tranche (the “Original Tranche”); and

 
 (ii) a $500 million tranche (the “Incremental Tranche”, and
together with the Original Tranche, each a “Tranche”).
  

	 Availability:
	  	 The loans (the “Loans”) shall be made in a single drawing by the Borrower on the Closing Date and any undrawn
commitments under the Facility (the “Commitments”) shall automatically be terminated on the Closing Date.
  

	 Maturity:
	  	 The Loans shall mature and be payable in full on the date that is 364 days after the Closing Date.

 

	 Purpose:
	  	 The proceeds of the Loans shall be used to finance the Transactions and fees and expenses in connection therewith.

 

	 III. CERTAIN PAYMENT PROVISIONS
  
	  	
	 Fees and Interest Rates:
	  	 As set forth on Annex I to this Exhibit A.

 

	 Optional Prepayments /

Commitment Reductions:
	  	 The Loans may be prepaid, and the Commitments may be reduced, by the Borrower without premium or penalty (other than the payment
of customary LIBO Rate breakage amounts) in minimum amounts to be agreed upon. Any optional prepayment of the Loans may not be reborrowed.
  

	 Mandatory Prepayments /

Commitment Reductions:
	  	 The following amounts shall be applied to prepay the Loans (and, prior to the Closing Date, the Commitments, pursuant to the
Commitment Letter and Credit Documentation, shall be automatically and permanently reduced by such amounts):
  

							
		  	 (a)
  
	  	 100% of the net cash proceeds (including into escrow) of any borrowing, sale or issuance of any debt securities, loans or other
debt financing (other than Excluded Debt (as defined below)) and any equity securities or equity-linked securities (other than (i) issuances pursuant to employee stock plans and retirement plans or issued as compensation to officers and/or non-employee directors and (ii) issuances of directors’ qualifying shares and/or other nominal amounts required to be held by persons other any member of the Arbor Group (as defined below) under applicable
law) by any member of the Arbor Group, in each case on or after the date of the Commitment Letter; and
  

		  	 (b)
  
	  	100% of the net cash proceeds, whether in cash or cash equivalents (which are above (x) $25 million for any single transaction or a series of related transactions and (y) $100 million in the aggregate), of any
asset sale or

  
 A-2 

							
		 		 	other disposition (including as a result of a casualty or condemnation event) by any member of the Arbor Group (to the extent not reinvested within 9 months following receipt or, in the case of a casualty or condemnation
event, such longer period as may be reasonably required to reinstate or repair the affected asset), except for (i) the unwinding of hedging arrangements, (ii) disposition of accounts receivable as part of collection, (iii) the sale of
inventory, investments or other assets in the ordinary course of business or (iv) sales or dispositions among members of the Arbor Group, in each case on or after the date of the Commitment
Letter.

  

					
		 	 For the purpose hereof:
  

“Arbor Group” means the Borrower and its subsidiaries.
  

“Excluded Debt” means (i) intercompany debt among members of the Arbor Group, (ii) credit extensions under the Revolving Credit
Agreement or any refinancing thereof up to the existing commitments thereunder as of the date of the Commitment Letter, (iii) commercial paper issuances, (iv) ordinary course letter of credit facilities, overdraft protection, short term
working capital facilities, ordinary course foreign credit facilities (including the renewal, replacement or refinancing thereof), factoring arrangements, capital leases, financial leases, hedging and cash management obligations and any other
similar ordinary course debt, (v) purchase money and equipment financings and similar obligations, (vi) loans borrowed under any Qualifying Committed Financing (as defined below) to the extent the commitments in respect of such loans have
previously been applied to reduce the Commitments, (vii) the Term Loan Facility in an aggregate principal amount up to $350 million, (viii) any indebtedness of any Managed Vehicle (as defined in the Credit Agreements),
provided, that such indebtedness shall be Non-Recourse Indebtedness (as defined in the Credit Agreements) and (ix) other debt (excluding any Permanent Financing) in an aggregate principal amount up
to $100 million.
  

		 	If the Borrower or any of its subsidiaries enters into any committed but unfunded term loan or private placement agreement (other than the Term Loan Facility in an aggregate principal amount up to $350 million) in
connection with financing the Transactions (a “Qualifying Committed Financing”) with conditions to availability thereunder which are no more restrictive on the Borrower than the conditions to availability of the Facility as
reasonably determined by the Borrower upon entering into such Qualifying Committed Financing, then the Commitments shall be automatically reduced by the committed principal amount of such Qualifying Committed Financing on the date of execution of
the definitive

  
 A-3 

					
		  	 loan or other applicable agreement with respect thereto.

 

		  	 The Borrower shall notify the Administrative Agent within two business days of receipt of the foregoing amounts or within two
business days of entering into any Qualifying Committed Financing.
  

		  	 Any mandatory prepayment of the Loans may not be reborrowed.

 

		  	 All voluntary and mandatory prepayments of Loans and reductions of commitments with respect to the Facility as set forth above
shall be allocated (i) between each Tranche on a pro rata basis and (ii) among the Lenders within such Tranche on a pro rata basis (or, as between Lenders within such Tranche that are affiliated with each other, allocated
between them as they and the Arrangers may otherwise determine).
  

					
	 IV.   CERTAIN CONDITIONS

 
	  	
	 Conditions to Availability of Loans:
	  	 Subject to the Limited Conditionality Provisions, the Facility shall be available on the date (the “Closing
Date”) occurring not later than the Commitment Termination Date on which the conditions precedent set forth in Exhibit B attached hereto are satisfied.

 

					
	 V.     CERTAIN DOCUMENTATION MATTERS

 
	  	
	 Documentation Principles:
	  	 The Credit Documentation will be drafted by counsel to the Arrangers and negotiated in good faith by the Borrower and the
Commitment Parties giving effect to the Limited Conditionality Provisions and will contain representations and warranties, covenants, events of default and other provisions which, in each case, are substantially similar to the Term Loan Agreement,
with modifications (i) to reflect the terms of the Amended and Restated Merger Agreement (including that the Borrower does not and will not have a parent company) and (ii) otherwise consistent with the Commitment Letter and this Term Sheet
and otherwise reflecting the reasonable administrative and operational requirements of the Administrative Agent (collectively, the “Documentation Principles”).

 

	 Representations and Warranties:
	  	Substantially similar to the Term Loan Agreement (subject to the Documentation Principles) and in each case to be made on the date of the Credit Documentation (other than solvency) and on the Closing Date. It is
understood that the Commitments of the Lenders and the making of Loans thereunder on the Closing Date shall not be conditioned on the accuracy or correctness of any representation or warranty other than as referred to in paragraph 8 of Exhibit
B.

  
 A-4 

					
	 Affirmative and Negative Covenants:
	  	 Substantially similar to the Term Loan Agreement (subject to the Documentation Principles).

 

	 Financial Covenants:
	  	 Following the making of the Loans on the Closing Date:
  

(a) Maximum Indebtedness to Capitalization Ratio. The Indebtedness to Capitalization Ratio of the Borrower and its subsidiaries as of the last day of
any Fiscal Quarter shall not exceed (i) 0.40 to 1.0 for the period from the Closing Date until and including the last day of the second full fiscal quarter following the Closing Date and (ii) thereafter, 0.35 to 1.0.

 
 (b) Minimum Consolidated Adjusted Net Worth. The Consolidated Adjusted Net Worth
of the Borrower and its subsidiaries shall not at any time be less than the sum of (a) an amount equal to 70% of the Consolidated Adjusted Net Worth of the Borrower and its subsidiaries on the Closing Date, calculated on a pro forma basis after
giving effect to the Merger Transactions, including, without limitation, adjustments for purchase accounting and the issuance of any equity in connection therewith, (b) 25% of Consolidated Net Income for each Fiscal Quarter (beginning with the first
full Fiscal Quarter ending after the Closing Date) for which Consolidated Net Income (measured at the end of each such Fiscal Quarter) is a positive amount and (c) 25% of the net cash proceeds received by the Borrower or any of its subsidiaries
after the Closing Date from any capital contribution to, or issuance of any Capital Stock, Disqualified Capital Stock and Hybrid Securities (but only to the extent such Capital Stock, Disqualified Capital Stock and Hybrid Securities are included, at
the time of issuance thereof, in Consolidated Adjusted Net Worth pursuant to the definition thereof) of, the Borrower or any subsidiary (but excluding any issuance by a subsidiary to the Borrower or to a wholly-owned subsidiary, and any capital
contribution by the Borrower or a subsidiary to a wholly-owned subsidiary).
  

Capitalized terms used above and not defined herein shall each have substantially the same definitions as contained in the Term Loan Credit Agreement;
provided that, if on the Closing Date any of the financial covenants in the Term Loan Agreement as of such date are more restrictive than that which is set forth in the Term Loan Agreement as of the date hereof, then the Facility shall be
deemed modified to be substantially the same as such financial covenants in the Term Loan Agreement as of the date hereof.
  

	 Events of Default:
	  	 Substantially similar to the Term Loan Agreement (subject to the Documentation Principles).

 

		  	Without limiting (and subject to) the conditions set forth in Exhibit B, the Lenders shall not be entitled to terminate the

  
 A-5 

					
		  	 Commitments prior to the Closing Date unless (a) any fees or expenses required to be paid pursuant to this Commitment Letter
or the Fee Letter have not been paid within three business days after such fees or expenses are due and payable in accordance with the terms thereof or (b) an event of default under sections 7.6, 7.7 and 7.9 (bankruptcy/insolvency/dissolution
events, but solely with respect to the Borrower) under the Credit Agreements has occurred and is continuing. The acceleration of the Loans shall be permitted at any time after they have been funded only to the extent that an event of default is
outstanding and continuing at such time.
  

	 Voting:
	  	 Amendments and waivers with respect to the Credit Documentation shall require the approval of Lenders holding not less than a
majority of the aggregate amount of the Loans and Commitments, except that the consent of (i) each Lender directly affected thereby shall also be required with respect to (a) reductions in the amount or extensions of the scheduled date of
final maturity of any Loan, (b) reductions in the rate of interest or any fee or extensions of any due date thereof, (c) increases in the amount or extensions of the expiry date of such Lender’s commitment, (d) modifications to
the pro rata provisions of the Credit Documentation and (e) modifications to any of the voting percentages, (ii) 100% of the Lenders shall be required with respect to the release of any Guarantor from its guarantee and (iii) Lenders
holding not less than a majority of the aggregate amount of the Loans and Commitments under any Tranche to the extent that such amendment or waiver affects the Lenders under such Tranche differently than the Lenders under the other Tranche.

 

	 Defaulting Lender:
	  	 The Credit Documentation shall contain “Defaulting Lender” provisions substantially consistent with the corresponding
provisions of the Term Loan Agreement.
  

	 Assignments and Participations:
	  	The Lenders shall be permitted to assign (other than to the Borrower and its affiliates) all or a portion of their Loans and Commitments (which assignment shall not be required to be made ratably between Tranches) with
the consent, not to be unreasonably withheld or delayed, of (a) the Borrower, unless (i) the assignee is a Lender, an affiliate of a Lender or, only with respect to an assignment made after the Closing Date, an approved fund, (ii) a
payment or bankruptcy event of default under the Credit Documentation has occurred and is continuing or (iii) such consent is not required pursuant to the syndication provisions of the Commitment Letter, and (b) the Administrative Agent,
unless a Loan is being assigned to an existing Lender, an affiliate thereof or, only with respect to an assignment made after the Closing Date, an approved fund. In the case of partial assignments (other than to another Lender or to an affiliate of
a Lender), the minimum assignment amount shall be $5 million,

  
 A-6 

					
		  	 unless otherwise agreed by the Borrower (unless an event of default under the Credit Documentation has occurred and is
continuing) and the Administrative Agent. If the consent of the Borrower is required in connection with any assignment, the Borrower shall be deemed to have provided such consent unless it has notified the Administrative Agent of its refusal to give
such consent within five business days of receiving written request for its consent to such assignment.
  

		  	 The Lenders shall also be permitted to sell participations in their Loans subject to restrictions consistent with the
Documentation Principles and in accordance with applicable law. Participants shall have the same (but no greater) benefits as the Lenders with respect to yield protection and increased cost provisions. Voting rights of participants shall be limited
to those matters with respect to which the affirmative vote of the specific Lender from which it purchased its participation would be required as described under “Voting” above.

 

		  	 Pledges of Loans in accordance with applicable law shall be permitted without restriction. Promissory notes shall be issued under
the Facility only upon request.
  

	 Yield Protection:
	  	 The Credit Documentation shall contain customary provisions (a) protecting the Lenders against increased costs or loss of
yield resulting from changes in reserve, tax, capital adequacy and other requirements of law (provided, that for the purposes of determining a change in law, the Dodd-Frank Wall Street Reform and Consumer Protection Act and Basel III, and all
requests, rules, guidelines or directives promulgated under, or issued in connection with, either of the foregoing, shall be deemed to have been introduced or adopted after the date of the Credit Documentation, regardless of the date enacted,
adopted or issued) and from changes in withholding or other taxes (other than franchise or income taxes) and (b) indemnifying the Lenders for “breakage costs” incurred in connection with, among other things, any payment or prepayment
of a LIBOR Loan (as defined in Annex I) on a day other than the last day of an interest period with respect thereto or any failure to borrow a LIBOR Loan on the date specified in the applicable borrowing notice.

 

	 Expenses and Indemnification:
	  	The Borrower shall pay (a) all reasonable and documented out-of-pocket expenses of the Administrative Agent and the Arrangers
associated with the syndication of the Facility and the preparation, execution, delivery and administration of the Credit Documentation and any amendment or waiver with respect thereto (limited, in the case of counsel, to the reasonable and
documented fees, disbursements and other charges of one common counsel and reasonably required local counsel (limited to one such counsel in each jurisdiction) plus one reasonably

  
 A-7 

					
		  	 required insurance regulatory counsel) and (b) all reasonable and documented out-of-pocket expenses of the Administrative Agent and the Lenders (including, without limitation, the reasonable and documented fees, disbursements and other charges of one common counsel for similarly
situated parties and reasonably required local counsel (limited to one such counsel in each jurisdiction) plus one reasonably required insurance regulatory counsel and, solely in the case of an actual or potential conflict of interest, of one
additional counsel (and if reasonably required, one local counsel in each jurisdiction plus one reasonably required insurance regulatory counsel) to the affected indemnified person), in connection with the enforcement of the Credit
Documentation.
  

		  	 The Administrative Agent, the Arrangers and the Lenders (and their affiliates and their respective officers, directors,
employees, advisors and agents) will have no liability for, and will be indemnified and held harmless against, any loss, liability, cost or expense incurred in respect of the financing contemplated hereby or the use or the proposed use of proceeds
thereof (except to the extent they (i) are found by a final, non-appealable judgment of a court of competent jurisdiction to result from (A) the gross negligence, bad faith or willful misconduct of
such indemnified party or any Related Person thereof or (B) or a material breach by such indemnified person or any Related Person thereof of its obligations under the Credit Documentation or (ii) result from a dispute solely among
indemnified parties that does not involve an act or omission by the Borrower or any of its affiliates and are not brought against such indemnified party in such capacity as an agent or arranger or similar role under the Facility).

 

	 Governing Law and Forum:
	  	 New York law; provided that the laws of the State of Delaware shall govern in determining (i) whether the Merger
Transactions have been consummated in accordance with the terms of the Amended and Restated Merger Agreement, (ii) whether a Target Material Adverse Effect (as defined in Exhibit B) has occurred and (iii) compliance with any Merger
Agreement Representations. The Borrower will waive the right to trial by jury and will consent to the exclusive jurisdiction of the state and federal courts located in The Borough of Manhattan, The City of New York exclusive jurisdiction.

 

	 EU Bail-in Provisions:
	  	 The Facility shall include customary provisions pertaining to EU Bail-In.

 

	 Counsel to the

Administrative Agent and

the Arrangers:
	  	Weil, Gotshal & Manges LLP.

  
 A-8 

 Annex I 

to Exhibit A 
 Interest
and Certain Fees 
  

					
	 Interest Rate Options:
	  	 The Borrower may elect that the Loans bear interest at a rate per annum equal to:

 

		  	         (i) the ABR plus the Applicable Margin; or

 

		  	         (ii) the Adjusted LIBO Rate plus the Applicable Margin.

 

		  	 As used herein:
  

		  	 “ABR” means, for any day, a fluctuating rate per annum equal to the highest of (i) the federal funds
effective rate from time to time plus 0.50%, (ii) the rate of interest per annum from time to time published in the “Money Rates” section of The Wall Street Journal as being the “Prime Lending Rate” or, if more than one rate is
published as the Prime Lending Rate, then the highest of such rates (the “Prime Rate”) (each change in the Prime Rate to be effective as of the date of publication in The Wall Street Journal of a “Prime Lending Rate” that
is different from that published on the preceding domestic business day); provided, that in the event that The Wall Street Journal shall, for any reason, fail or cease to publish the Prime Lending Rate, the Administrative Agent shall choose a
reasonably comparable index or source to use as the basis for the Prime Lending Rate and (iii) the one month Adjusted LIBO Rate plus 1.00%. Each change in any interest rate provided for herein based upon the ABR resulting from a change in the
Prime Lending Rate, the federal funds effective rate or the Adjusted LIBO Rate shall take effect at the time of such change in the Prime Lending Rate, the federal funds effective rate, or the Adjusted LIBO Rate, respectively.

 

		  	 “Adjusted LIBO Rate” means the LIBO Rate, as adjusted for statutory reserve requirements for eurocurrency
liabilities (if any).
  

		  	 “Applicable Margin” means a percentage determined in accordance with the pricing grid attached hereto as Annex
I-A (the “Pricing Grid”).
  

		  	“LIBO Rate” means the rate for eurodollar deposits in the London interbank market for a period of one, two, three or six months, in each case as selected by the Borrower, appearing on Page LIBOR01 of the
Reuters screen; provided, that the LIBO Rate will be deemed to be not less than 0.00% per annum.

					
	 Interest Payment Dates:
	  	 In the case of Loans bearing interest based upon the ABR (“ABR Loans”), quarterly in arrears on the last
business day of each March, June, September and December.
  

		  	 In the case of Loans bearing interest based upon the Adjusted LIBO Rate (“LIBOR Loans”), on the last day of each
relevant interest period and, in the case of any interest period longer than three months, on each successive date three months after the first day of such interest period.

 

	 Commitment Fees:
	  	 The Borrower shall pay, or cause to be paid, commitment fees (the “Commitment Fees”) to each Lender under the
Facility calculated at a rate per annum equal to 17.5 basis points (provided, that such rate per annum shall automatically increase to 22.5 basis points on and following October 17, 2018) on the daily average undrawn Commitments of such
Lender, accruing during the period commencing on:
  
 (i) with respect to the Original
Tranche, the date of execution of the Bridge Loan Agreement; and
  
 (ii) with respect
to the Incremental Tranche, the later of (a) March 9, 2018 and (b) the date of execution of the Bridge Loan Agreement,
  

Accrued Commitment Fees shall be paid quarterly in arrears and upon termination of the Commitments (including on the Closing Date); provided, that any
such Commitment Fees shall accrue without duplication to any Ticking Fees (as defined in the Fee Letter).
  

	 Duration Fees:
	  	The Borrower shall pay, or cause to be paid, duration fees (the “Duration Fees”) for the account of each Lender in amounts equal to the percentage as determined in accordance with the grid below, of the
principal amount of the Loan of such Lender outstanding at the close of business, New York City time, on each date set forth in the grid below, payable on each such date:

  

					
	 
	
Duration Fees
  

	
90 days after
 Closing
Date
	  	 180
days after
 Closing Date
	  	
270 days after
 Closing
Date

	50 bps	  	75 bps	  	100 bps

  

					
	 Default Rate:
	  	At any time upon the occurrence and during the continuation of any payment default, all overdue amounts under the Facility shall bear interest at a rate per annum equal to (i) in the case of principal of any Loan,
2.00% above the rate otherwise applicable thereto or (ii) in the case of any other amount, 2.00% above the rate applicable to ABR Loans, with such interest being payable on

					
		  	 demand.
  

	 Rate and Fee Basis:
	  	All per annum rates shall be calculated on the basis of a year of 360 days (or 365/366 days, in the case of ABR Loans the interest rate payable on which is then based on the Prime Rate) for actual days elapsed.

 Annex I-A 

to Exhibit A 

PROJECT SPARTAN 
 Pricing
Grid 
  

																	
	 	  	Applicable Margin
	 Borrower’s Senior Debt Rating

(S&P/Moody’s)
	  	Closing Date through
89 days after Closing
Date	  	90 days after Closing
Date through 179
days after Closing
Date	  	180 days after
Closing Date through
269 days after
Closing Date	  	270 days after Closing
Date and thereafter
	 	  	ABR
Loans	  	LIBOR
Loans	  	ABR
Loans	  	LIBOR
Loans	  	ABR
Loans	  	LIBOR
Loans	  	ABR
Loans	  	LIBOR
Loans
	Rating Level 1: > A / A2	  	  0.0 bps	  	100.0 bps	  	  25.0 bps	  	125.0 bps	  	  50.0 bps	  	150.0 bps	  	  75.0 bps	  	175.0 bps
	Rating Level 2: A- / A3	  	25.0 bps	  	125.0 bps	  	  50.0 bps	  	150.0 bps	  	  75.0 bps	  	175.0 bps	  	100.0 bps	  	200.0 bps
	Rating Level 3: BBB+ / Baa1	  	37.5 bps	  	137.5 bps	  	  62.5 bps	  	162.5 bps	  	  87.5 bps	  	187.5 bps	  	112.5 bps	  	212.5 bps
	Rating Level 4: BBB / Baa2	  	50.0 bps	  	150.0 bps	  	  75.0 bps	  	175.0 bps	  	100.0 bps	  	200.0 bps	  	125.0 bps	  	225.0 bps
	Rating Level 5: £ BBB- / Baa3	  	87.5 bps	  	187.5 bps	  	112.5 bps	  	212.5 bps	  	137.5 bps	  	237.5 bps	  	162.5 bps	  	262.5 bps

 “Debt Rating” means the Moody’s Rating or the S&P Rating. 

“Moody’s Rating” means, at any time, the then current rating by Moody’s (including the failure to rate) of the Borrower’s
senior, unsecured, non-credit-enhanced long-term indebtedness for money borrowed. 
 “S&P
Rating” means, at any time, the then current rating by S&P (including the failure to rate) of the Borrower’s senior, unsecured, non-credit-enhanced long-term indebtedness for money borrowed.

 For purposes of the foregoing, (a) if only one of S&P and Moody’s shall have in effect such a public debt rating, the Rating Level will be
Level 5 (except as a result of either S&P or Moody’s, as the case may be, ceasing to be in the business of issuing public debt ratings, in which case the Rating Level shall be determined by reference to the available rating); (b) if
neither S&P nor Moody’s shall have in effect such a public debt rating, the applicable Rating Level will be Level 5; (c) if such public debt ratings established by S&P and Moody’s shall fall within different levels, the public
debt rating will be determined by the higher of the two ratings; provided that in the event that the lower of such public debt ratings is more than one level below the higher of such public debt ratings, the public debt rating will be determined
based upon the level that is one level above the lower of such public debt ratings; (d) if any such public debt rating established by S&P or Moody’s shall be changed, such change shall be effective as of the date on which such change
is first announced publicly by the rating agency making such change. 

 Exhibit B 

PROJECT SPARTAN 
 $1.5 BILLION 364-DAY SENIOR UNSECURED BRIDGE TERM LOAN FACILITY 
 Conditions Precedent to Availability of Loans 

The availability of the Loans on the Closing Date shall be subject solely to the satisfaction (or waiver) of the following conditions
precedent on or before the Commitment Termination Date: 
 1. Subject to the Limited Conditionality Provisions, each party thereto shall
have executed and delivered the Credit Documentation. 
 2. (a) The Merger Transactions shall have been, or substantially concurrently with
the funding under the Facility shall be, consummated in accordance with the terms of the Amended and Restated Merger Agreement (as may be amended, supplemented or otherwise modified pursuant to subclause (b) below) and (b) no
provision of the Amended and Restated Merger Agreement shall have been amended, supplemented or otherwise modified, and no waiver or consent by the Borrower or any of its subsidiaries shall have been provided thereunder, in each case which is
materially adverse to the interests of the Lenders without the Arrangers’ prior written consent; provided, that (i) any decrease in the purchase consideration for the Merger Transactions shall be deemed not materially adverse to the
Lenders so long as the cash portion (if any) of such decrease shall have been allocated to reduce the Commitments in an amount equal thereto and (ii) (x) any increase in the cash purchase consideration equal to or less than 10% in the aggregate
shall be deemed not materially adverse to the Lenders and (y) any increase in the purchase consideration shall be deemed not materially adverse to the Lenders so long as such increase is paid in common stock of the Borrower. 

3. (a) Except as otherwise disclosed to the Arrangers in a schedule to the TWG Disclosure Letter (as defined in the Amended and Restated
Merger Agreement) delivered to the Arrangers immediately prior to their execution of the Commitment Letter, since December 31, 2016 through the date of the Amended and Restated Merger Agreement, there has not been any Target Material Adverse
Effect; and (b) since the date of the Amended and Restated Merger Agreement, no event, development, circumstance or occurrence shall have occurred that, individually or in the aggregate, has had or would reasonably be expected to have a Target
Material Adverse Effect. For the purposes hereof, “Target Material Adverse Effect” shall mean any event, occurrence, fact, condition, change, development or effect that (A) is materially adverse to the business, assets,
properties, Liabilities, results of operations or condition (financial or otherwise) of Target and its Subsidiaries, taken as a whole, except, with respect to this clause (A), to the extent that such event, occurrence, fact, condition, change,
development or effect results from: (i) general economic, financial or security market conditions so long as such conditions do not have a materially disproportionate effect on Target and its Subsidiaries, taken as a whole, compared to other
similarly situated companies in Target’s industry; (ii) changes in or events affecting the financial services or warranty industry, insurance and insurance services or warranty industries or brokerage industry generally so long as such
conditions do not have a materially disproportionate effect on Target and its Subsidiaries, taken as a whole, compared to other similarly situated companies in Target’s industry; (iii) any effect arising out of a change in GAAP, SAP or Law
so long as such conditions do not have a materially disproportionate effect on Target and its Subsidiaries, taken as a whole, compared to other similarly situated companies in Target’s industry; (iv) the announcement or pendency of the
Amended and Restated Merger Agreement or the Original Merger Agreement and the transactions contemplated by the Amended and Restated Merger Agreement or the Original Merger Agreement; (v) any failure by Target to meet any published estimates of
revenues, earnings or other financial projections 

  
 B-1 

 
(provided that this clause (v) shall not exclude any underlying event, change or circumstance that itself constitutes a Target Material Adverse Effect that may have resulted in or
contributed to or is attributable to such failure); (vi) natural disasters so long as such natural disasters do not have a materially disproportionate effect on Target and its Subsidiaries, taken as a whole, compared to other similarly situated
companies in Target’s industry; (vii) the commencement, occurrence or intensification of any engagement in hostilities, whether or not pursuant to the declaration of a national emergency or war, or the occurrence of any military or
terrorist attack that does not directly affect the assets or properties of Target and its Subsidiaries; (viii) changes in the credit, financial strength or other rating of Target, any of its Subsidiaries or its outstanding debt (but not the
underlying cause thereof, unless the underlying cause thereof arises directly or indirectly from the proposed funding of the Aggregate Consideration or the proposed refinancing of any outstanding indebtedness of the Target or any of its
Subsidiaries, in which case it shall not be deemed to constitute, or be taken into account in determining whether there has been or will be, a Target Material Adverse Effect), (ix) any change in applicable Tax Law as a result of or in relation to
U.S. Tax Reform; or (x) compliance by the Target with the express terms and conditions of the Amended and Restated Merger Agreement or (B) materially delays, prevents or impedes the ability of any of the TWG Parties to timely consummate
the transaction the Amended and Restated Merger Agreement contemplates. All terms capitalized used in this paragraph 3 or the definition of “Target Material Adverse Effect” and not defined herein shall have the meaning assigned thereto in
the Amended and Restated Merger Agreement (as of the date hereof). 
 4. The Arrangers shall have received (a) audited consolidated
balance sheets as of the end of the last two full fiscal years and related statements of income, stockholders’ equity and cash flows of the Borrower and its subsidiaries for the last three full fiscal years ended at least 60 days prior to the
Closing Date, and unaudited consolidated and (to the extent available) consolidating balance sheets and related statements of income, stockholders’ equity and cash flows of the Borrower and its subsidiaries as of the end of and for each
subsequent fiscal quarterly interim period or periods ended at least 40 days prior to the Closing Date (and the corresponding period(s) of the prior fiscal year except for the balance sheet), which shall have been reviewed by the independent
accountants for the Borrower as provided in Statement of Auditing Standards No. 100 (or its successor or equivalent), and prepared in accordance with U.S. GAAP and Regulation S-X under the Securities Act
of 1933, as amended, (the “Securities Act”); and (b)(i) audited consolidated annual balance sheets as of the end of the last two full fiscal years and related statements of income, changes in stockholders’ equity and cash flows of
Target or any predecessor and its subsidiaries for the last three full fiscal years ended at least 90 days prior to the Closing Date (prior to giving effect to the Merger Transactions) (it being acknowledged by the Arrangers that the audited
consolidated financial statements referred to in this clause (b)(i) have been received of Target and its subsidiaries for the years ended December 31, 2016 and December 31, 2015 and of the predecessor of Target and its subsidiaries for the
periods from August 1, 2014 to December 31, 2014 and January 1, 2014 to July 31, 2014), as well as unaudited interim consolidated balance sheets and related statements of income, changes in stockholders’ equity and cash
flows of Target and its subsidiaries as of the end of and for each subsequent fiscal quarterly interim period or periods ended at least 45 days prior to the Closing Date (and the corresponding period(s) of the prior fiscal year except for the
balance sheet) (prior to giving effect to the Merger Transactions) (which shall have been reviewed by the independent accountants for the TWG Business as provided in Statement of Auditing Standards No. 100 (or its successor or equivalent)) and
(ii) pro forma financial statements of the Borrower reflecting the Transactions, in each case, under this clause (b) for the periods required by Rule 3-05 and Article 11 of Regulation S-X under the Securities Act to the extent required to be included in a Form 8-K on the Closing Date, regardless of any grace periods thereunder, and prepared in accordance
with U.S. GAAP and Regulation S-X under the Securities Act. 
 5. The Lenders, the Administrative
Agent, the Commitment Parties and the Arrangers shall have received all fees required to be paid pursuant to this Commitment Letter or the Fee Letter, and all 

  
 B-2 

 expenses required to be paid for which invoices have been presented at least two business days prior to the
Closing Date, on or before the Closing Date. 
 6. The Lenders shall have received (a) customary legal opinions from counsel to the
Borrower, (b) corporate organizational documents, (c) good standing and customary officer certificates (including, without limitation, a customary certificate that the conditions precedent contained herein have been satisfied as of the
Closing Date and a solvency certificate with respect to the Borrower substantially in the form set forth in Annex I attached to this Exhibit B from the chief financial officer or other officer with equivalent duties of the Borrower)
and (d) resolutions, borrowing notices and other instruments, in the case of clauses (a) through (d), as are customary for transactions of this type and reasonably satisfactory to the Administrative Agent and the Borrower.

 7. To the extent reasonably requested at least ten business days prior to the Closing Date by any of the Administrative Agent, the
Arrangers or the Lenders, the Administrative Agent shall have received, at least three business days prior to the Closing Date, all documentation and other information required by bank regulatory authorities under applicable
“know-your-customer” and anti-money laundering rules and regulations, including the PATRIOT Act. 
 8. (i) There shall exist no
default or event of default under the Credit Documentation corresponding to the following sections of Article VII of the Term Loan Agreement: section 7.1 (failure to make payments), section 7.2 (defaults in other agreements, but solely with respect
to non-payment of Material Indebtedness of the Borrower), section 7.3 (breach of covenants by the Borrower, but solely with respect to the Liens and Priority Indebtedness covenants) and sections 7.6, 7.7 and
7.9 (bankruptcy/insolvency/dissolution events, but solely with respect to the Borrower) and (ii) each of the Merger Agreement Representations and the Specified Representations shall be true and correct in all material respects (except Merger
Agreement Representations and Specified Representations that are qualified by materiality, which shall be true and correct), in each case at the time of, and after giving effect to, the making of such Loans on the Closing Date (except in the case of
any Merger Agreement Representation and Specified Representation which expressly relates to a given date or period, such representation and warranty shall be true and correct in all material respects as of the respective date or for the respective
period), it being understood that the Commitments of the Lenders and the making of Loans thereunder on the Closing Date shall not be conditioned on the accuracy or correctness of any representation or warranty other than as referred to in this
paragraph 8. 
 9. The Borrower shall have engaged (prior to or concurrently with your execution of the Commitment Letter) one or more
investment and/or commercial banks satisfactory to the Arrangers on terms and conditions satisfactory to the Arrangers to arrange permanent financing or refinancing for the Merger Transactions. 

  
 B-3 

 Annex I 

to Exhibit B 

FORM OF SOLVENCY CERTIFICATE 

SOLVENCY CERTIFICATE 
 Pursuant to Section
[•] of the Credit Agreement, the undersigned hereby certifies, solely in such undersigned’s capacity as [chief financial officer] [chief accounting officer] [specify other officer with equivalent duties] of the Borrower, and not
individually, as follows: 
 As of the date hereof, after giving effect to the consummation of the Transactions, including the making of the Loans under the
Credit Agreement, and after giving effect to the application of the proceeds of such indebtedness: 
  

	 	(a)	The fair value of the assets of the Borrower and its subsidiaries, on a consolidated basis, exceeds, on a consolidated basis, their debts and liabilities, subordinated, contingent or otherwise; 

 

	 	(b)	The present fair saleable value of the property of the Borrower and its subsidiaries, on a consolidated basis, is greater than the amount that will be required to pay the probable liability, on a consolidated basis, of
their debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; 

  

	 	(c)	The Borrower and its subsidiaries, on a consolidated basis, are able to pay their debts and liabilities, subordinated, contingent or otherwise, as such liabilities become absolute and matured; and 

 

	 	(d)	The Borrower and its subsidiaries, on a consolidated basis, are not engaged in, and are not about to engage in, business for which they have unreasonably small capital. 

For purposes of this Certificate, the amount of any contingent liability at any time shall be computed as the amount that would reasonably be expected to
become an actual and matured liability. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. 

[Signature Page Follows] 

  
 B-I-1 

 Annex I 

to Exhibit B 

IN WITNESS WHEREOF, the undersigned has executed this Certificate in such undersigned’s capacity as [chief financial officer] [chief
accounting officer] [specify other officer with equivalent duties] of the Borrower, on behalf of the Borrower, and not individually, as of the date first stated above. 

 

			
	[                                    
    ]

  

			
	By: 	 	  

			
	Name:
	Title:

  
 B-I-2 

 Exhibit C 

[FORM OF AMENDED AND RESTATED COMMITMENT LETTER] 
  

					
	 Morgan Stanley Senior Funding, Inc.

Morgan Stanley Bank N.A
	  	JPMorgan Chase Bank, N.A.	  	 Wells Fargo Bank, National Association

Wells Fargo Securities, LLC

			
	U.S. Bank National Association	  	Bank of Montreal	  	KeyBank National Association

 [•], 2018 

Assurant, Inc. 
 28 Liberty Street, 41st Floor 

New York, New York 10005 
 Attention: Richard Dziadzio 

Ladies and Gentlemen: 
 Project Michigan 

$1.5 Billion Bridge Facility 

Amended and Restated Commitment Letter 

Reference is hereby made to (i) the Commitment Letter, dated as of October 17, 2017 (as modified by that certain Joinder Agreement
to the Commitment Letter, dated as of November 3, 2017 (the “Joinder Agreement”, and such Commitment Letter as so modified, the “Original Commitment Letter”)) among Assurant, Inc., a Delaware corporation
(“you” or the “Borrower”), Morgan Stanley Senior Funding, Inc. (“MSSF”) and each of Morgan Stanley Bank, N.A. (“MS Bank” and together with MSSF, “Morgan Stanley”),
JPMorgan Chase Bank, N.A. (“JPMorgan”), Wells Fargo Bank, National Association (“Wells Fargo”), U.S. Bank National Association (“U.S. Bank”), Bank of Montreal, and KeyBank National Association
(“KeyBank”, and together with MS Bank, JPMorgan, Wells Fargo, U.S. Bank and Bank of Montreal, collectively the “Additional Commitment Parties”, the Additional Commitment Parties together with MSSF, collectively the
“Initial Lenders”, and the Initial Lenders together with each Lender (as defined below) that becomes a party to this Commitment Letter as an additional “Commitment Party” pursuant to Section 2 hereof, collectively,
the “Commitment Parties”, “we” or “us”) and (ii) the interim Commitment Letter, dated as of January 8, 2018 (the “Interim Commitment Letter”) among the Borrower, MSSF,
JPMorgan, Wells Fargo and Wells Fargo Securities, LLC (“Wells Fargo Securities” and, together with Wells Fargo, collectively, “Wells”). The Original Commitment Letter is hereby amended and restated in its entirety
as follows: 
 The Borrower has advised the Commitment Parties that the Borrower has entered into an Amended and Restated Agreement and Plan
of Merger dated as of January 8, 2018 (together with all 

  
 C-1 

 
exhibits, schedules and disclosure letters thereto, collectively, the “Amended and Restated Merger Agreement”) by and among the Borrower, TWG Holdings Limited, a Bermuda limited
company (the “Target”, and together with its subsidiaries, the “TWG Business”), TWG Re, Ltd., a corporation incorporated in the Cayman Islands (“TWG Re”), Spartan Merger Sub, Ltd., a Bermuda
exempted limited liability company and a direct wholly-owned subsidiary of the Borrower (“Merger Sub”), and Arbor Merger Sub, Inc., a Delaware corporation and a direct wholly-owned subsidiary of the Target (“TWG Merger
Sub”), pursuant to or in connection with which (i) the Borrower will acquire the Target pursuant to a statutory merger (the “Merger”), whereby Merger Sub will merge with and into the Target, with the Target surviving
such Merger and (ii) the Target and TWG Re will undertake an internal reorganization such that, at the time of the Merger, the outstanding capital stock of the Target will consist exclusively of ordinary shares and TWG Re will be a wholly-owned
subsidiary of the Target. The transactions described in this paragraph are collectively referred to herein as the “Merger Transactions.” 

In that connection, you have advised us that the total amount required to effect the Merger Transactions (including (i) payment of merger consideration
and (ii) refinancing certain existing indebtedness of the TWG Business) and to pay the fees and expenses incurred in connection with the foregoing shall be provided by a combination of (a) cash on the balance sheet, (b) the borrowing
by the Borrower of term loans pursuant to the Term Loan Agreement, as defined below (the “Term Loan Facility”), and (c) a combination of (i) the issuance by the Borrower of unsecured debt securities, equity securities,
and/or equity-linked securities (the foregoing financings described in this clause (c), collectively, the “Permanent Financing”), and/or (ii) to the extent the Borrower does not issue the Permanent Financing on or prior to the
Closing Date (as defined below), the borrowing by the Borrower of loans under a 364 day senior unsecured bridge term loan facility (the “Facility”) in an aggregate principal amount not to exceed $1.5 billion and comprised of
(a) a $1.0 billion tranche (the “Original Tranche”) and (b) a $500 million tranche (the “Incremental Tranche”), in each case having terms set forth in this letter and in the Summary of Terms and
Conditions attached hereto as Exhibit A (including the Annex attached thereto), and being subject solely to the Conditions Precedent to Closing attached hereto as Exhibit B (together with Exhibit A, the “Term Sheet”,
and together with this letter, this “Commitment Letter”). The Merger Transactions, the Term Loan Facility, the Permanent Financing, the Facility and the transactions contemplated by or related to the foregoing are collectively
referred to as the “Transactions”. 
 The date of the consummation of the Merger Transactions and on which the Facility
shall be available is herein referred to as the “Closing Date”. 
 1. Commitment. In connection
with the Transactions, each Initial Lender is pleased to commit to provide the aggregate principal amount of the Original Tranche and Incremental Tranche set forth opposite such Initial Lender’s name on Schedule I hereto, in each case on
a several and not joint basis and on the terms and subject only to the conditions set forth herein and in the Term Sheet; provided, that the amount of the Facility and the aggregate commitments of the Commitment Parties hereunder for the
Facility shall be automatically reduced on a pro rata basis at any time on or after the date hereof as set forth in the section titled “Mandatory Prepayments/Commitment Reductions” in Exhibit A hereto. 

It is understood that each of MSSF, JPMorgan and Wells Fargo Securities shall act as a joint lead arranger and joint bookrunner (in such
capacities, the “Arrangers”) and that MSSF shall act as sole administrative agent for the Facility. You agree that no other agents, co-agents,
co-arrangers, lead arrangers or bookrunners will be appointed, no other titles will be awarded and no compensation (other than the compensation expressly contemplated by this Commitment Letter and the Fee
Letters referred to below) will be paid in connection with the Facility, unless you and the Arrangers shall agree; provided, that you and the Arrangers agree to the appointment of titles and the allocation of compensation set forth in the
syndication strategy agreed to between you and the Arrangers prior to the date of the Interim Commitment Letter (as such strategy may be modified from time to time by the Borrower in consultation 

  
 C-2 

 
with the Arrangers, the “Syndication Strategy”). It is further agreed that MSSF will have “upper left” placement in all marketing documentation used in connection with
the Facility and shall have all roles and responsibilities customarily associated with such placement, that JPMorgan shall appear immediately to the right of MSSF and that Wells shall appear immediately to the right of JPMorgan. 

2. Syndication.1 The Arrangers reserve the right, in one or more
stages, prior to or after execution of the definitive documentation for the Facility (the “Credit Documentation”), in consultation with you, to syndicate all or a part of the Arrangers’ (or their applicable affiliates’)
commitments to one or more financial institutions and/or lenders (collectively, the “Lenders”), which syndication (such term being understood to include the syndication of the Arrangers’ (or their applicable affiliates’)
commitments) shall be managed by the Arrangers in consultation with you and shall be subject to the terms hereof; provided, however, that, notwithstanding anything else to the contrary contained herein, (a) until the date that is
45 days after the date of the Interim Commitment Letter (the “Initial Syndication Period”), the selection of Lenders, any roles awarded and allocations by the Arrangers shall be in accordance with the Syndication Strategy or
otherwise subject to your approval (which approval may or may not be provided in your sole discretion); provided, that such approval shall not be required with respect to the selection of any Lender that is a party to the Credit Agreements
(as defined below), (b) following the Initial Syndication Period, if and for so long as a Successful Syndication (as defined in the Amended and Restated Fee Letter referred to below) has not been achieved, the selection of Lenders by the Arrangers
shall be in consultation with you; provided, further, that Lenders selected by the Arrangers pursuant to this clause (b) shall be limited (unless otherwise consented to by you, such consent not to be unreasonably withheld
or delayed) to commercial and investment banks, in each case, whose senior, unsecured, long-term indebtedness has an “investment grade” rating by Moody’s Investor Services, Inc. (“Moody’s”) and S&P Global
Ratings, a business unit of Standard & Poor’s Financial Services LLC (“S&P”) and (c) following the achievement of a Successful Syndication, you shall have the applicable consent rights with respect to
assignments of commitments and loans under the Facility as set forth in the Term Sheet. The applicable commitments of JPMorgan and Wells Fargo hereunder with respect to the Facility shall be reduced pro rata between them and dollar-for-dollar as and when commitments for the Facility are received from Lenders only if and to the extent that each such Lender becomes (i) party to this Commitment
Letter as an additional “Commitment Party” pursuant to a joinder agreement or other documentation reasonably satisfactory to the Arrangers and you (each a “Joinder Agreement”) or (ii) party to the bridge loan
agreement for the Facility (the “Bridge Loan Agreement”, and together with the other definitive documentation for the Facility, the “Credit Documentation”) as a “Lender” thereunder. Notwithstanding the
Arrangers’ right to syndicate the Facility and receive commitments with respect thereto, except with respect to any portion of the Arrangers’ (or their applicable affiliates’) commitments hereunder which has been assigned to Lenders
who have either executed Joinder Agreements or become party to the Bridge Loan Agreement as described above, the Arrangers shall not be relieved, released or novated from their commitments (or their respective affiliates’) hereunder (including
its obligation to fund under the Facility on the Closing Date in accordance with the terms and conditions set forth in this Commitment Letter) in connection with any syndication, assignment or participation of the Facility, until the funding of the
Facility has occurred on the Closing Date. 
 You agree to use your commercially reasonable efforts to actively assist the Arrangers in
completing a syndication reasonably satisfactory to the Arrangers and you as soon thereafter as practicable until the date that a Successful Syndication is achieved [(it being acknowledged by the Arrangers that a Successful Syndication has been
achieved as of the date hereof)]2. Such assistance shall 
  

 

	1 	Certain syndication provisions may be deleted to the extent no longer relevant 

	2 	 To be included if applicable 

  
 C-3 

 
include, without limitation, (a) your using commercially reasonable efforts to ensure that the Arrangers’ syndication efforts benefit materially from your existing lending and
investment banking relationships, (b) direct contact between appropriate members of your senior management and advisors, on the one hand, and the proposed Lenders, on the other hand, at such times during normal business hours as are mutually
agreed, (c) your assistance in the preparation of a confidential information memorandum (a “Confidential Information Memorandum”) and other customary marketing materials (other than materials the disclosure of which would
violate any law, rule or regulation or any confidentiality obligation or waive attorney-client privilege; it being understood that if any such information is withheld in reliance on this parenthetical in respect of confidentiality or privilege, you
shall advise the Arrangers of such fact and shall, following a reasonable request from the Arrangers, use commercially reasonable efforts to furnish the relevant information by alternative means that would not violate the relevant obligation of
confidentiality or waive the relevant privilege, including by requesting consent from the applicable contractual counterparty to disclose any information) to be used in connection with the syndication by providing information and other customary
materials reasonably requested in connection therewith, (d) your promptly executing one or more Joinder Agreements in accordance with this Section 2, and (e) the hosting, with the Arrangers , of one or more
meetings or conference calls with prospective Lenders, at reasonable times and locations to be mutually agreed upon, as reasonably requested by the Arrangers . Notwithstanding anything to the contrary contained in this Commitment Letter or the Fee
Letters and without limiting your obligations to assist with syndication efforts as set forth herein, (x) none of the foregoing shall constitute a condition to the commitments hereunder or the funding under the Facility on the Closing Date and
(y) neither the commencement nor the completion of the syndication of the Facility shall constitute a condition to the commitments hereunder or the funding under the Facility on the Closing Date. 

Until the date that is the earlier of (a) a Successful Syndication and (b) 60 days after the Closing Date, you agree that without the
consent of the Arrangers there shall be no competing offering, placement or arrangement of any commercial bank or other credit facilities by or on behalf of the Borrower or any of its subsidiaries or (through the use of the Borrower’s
commercially reasonable efforts in accordance with the Merger Agreement) by any of the TWG Business (other than (i) the Permanent Financing, (ii) the Term Loan Facility to the extent arranged by the Arrangers , (iii) ordinary course letter
of credit facilities, overdraft protection, short term working capital facilities, ordinary course foreign credit facilities (including the renewal, replacement or refinancing thereof), factoring arrangements, capital leases, issuances of commercial
paper, financial leases, hedging and cash management obligations and any other similar ordinary course debt, (iv) purchase money and equipment financings and similar obligations, (v) any amendment, refinancing or renewal of (x) the
Term Loan Agreement, dated as of December 15, 2017 among the Borrower, JPMorgan Chase Bank, N.A. as administrative agent and the lenders party thereto (as amended [on the date hereof], the “Term Loan Agreement” and (y) the
Amended and Restated Credit Agreement, dated as of December 15, 2017 among the Borrower, JPMorgan Chase Bank, N.A. as administrative agent and the lenders party thereto (as amended [on the date hereof], the “Revolving Credit
Agreement”, and together with the Term Loan Agreement, collectively, the “Credit Agreements”); provided, that any amendment, refinancing or renewal of the Credit Agreements shall be in consultation with the Arrangers
, (vi) any indebtedness permitted to be incurred by the TWG Business under the Merger Agreement and (vii) any indebtedness of any Managed Vehicle (as defined in the Credit Agreements); provided, that (a) such indebtedness described
in this clause (vii) shall be Non-Recourse Indebtedness (as defined in the Credit Agreements) and (b) the offering, placement or arrangement of such indebtedness described in this clause
(vii) shall not be syndicated to any commercial bank market that would in the reasonable opinion of the Arrangers be expected to materially impair the syndication of the Facility. 

  
 C-4 

 In addition, you agree to use commercially reasonable efforts to maintain a public corporate
credit rating from S&P and a public corporate family rating from Moody’s (but in either case no specific rating shall be required), in each case with respect to the Borrower, prior to the Closing Date. 

The Arrangers will manage all aspects of the syndication in consultation with you, including, without limitation, decisions as to the
selection of institutions to be approached and when they will be approached, when their commitments will be accepted, which institutions will participate and the allocations of the commitments among the Lenders and the amount and distribution of
fees among the Lenders, subject to the limitations and requirements set forth above. 
 In acting in its capacity as Arranger, no Arranger
will have any responsibility other than to arrange the syndication as set forth herein and shall in no event be subject to any fiduciary or other implied duties. To assist the Arrangers in their syndication efforts, you agree promptly to prepare and
provide to us all information with respect to the Borrower and its subsidiaries and the Transactions, including, without limitation, all financial information and projections (the “Projections”), as the Arrangers may reasonably
request in connection with the arrangement and syndication of the Facility. 
 You agree that, subject to the confidentiality obligations
contained herein, the Arrangers may make available any Information (as defined below) and Projections (collectively, the “Company Materials”) to potential Lenders by posting the Company Materials on IntraLinks or another similar
secure electronic system (the “Platform”) on a confidential basis in accordance with the Arrangers’ standard syndication practices (including hard copy and via electronic transmissions). You further agree to assist, at the
request of the Arrangers, in the preparation of a version of a Confidential Information Memorandum and other marketing materials and presentations to be used in connection with the syndication of the Facility, consisting exclusively of information
or documentation that is either (a) publicly available (or could be derived from publicly available information) or (b) not material with respect to you, the TWG Business or your subsidiaries or any of their respective securities for
purposes of United States federal and state securities laws (all such information and documentation being “Public Lender Information”). Any information and documentation that is not Public Lender Information is referred to herein as
“Private Lender Information.” You further agree, at our request, to identify any document to be disseminated by the Arrangers to any Lender or potential Lender in connection with the syndication of the Facility as containing solely
Public Lender Information by clearly and conspicuously marking the same as “PUBLIC” (it being understood that you shall not otherwise be under any obligation to mark any document as “PUBLIC”). You acknowledge and agree that,
after having been given a reasonable opportunity to review such documents, the following documents will contain solely Public Lender Information unless you advise the Commitment Parties that such material contain Private Lender Information:
(i) drafts and final Credit Documentation; (ii) administrative materials prepared by the Arrangers for potential Lenders (e.g. a lender meeting invitation, allocations and/or funding and closing memoranda), in each case to the extent
approved by you prior to distribution; and (iii) notification of changes in the terms of the Facility. 
 3.
Information. You hereby represent that (a) all written information (other than the Projections, forward-looking statements, estimates and general economic or industry specific information) (the “Information”)
that has been or will be furnished to us or any of our affiliates or any Lender or potential Lender by you, the TWG Business, or any of your or its representatives does not or will not, when furnished, contain any untrue statement of a material fact
or omit to state a material fact necessary in order to make the statements contained therein, in light of the circumstances under which such statements were made, not materially misleading (when taken as a whole and after giving effect to all
supplements and updates thereto); provided, that such representation with respect to the TWG Business prior to the Closing Date is made only to the best of your knowledge and (b) the Projections, estimates and forward-looking information
that have been or will be made available to us or any of our affiliates or 

  
 C-5 

 
any Lender or potential Lender by you or any of your representatives have been or will be prepared in good faith based upon assumptions believed by you to be reasonable at the time of the
delivery of such Projections, estimates and other forward-looking information (it being understood that such Projections are subject to significant uncertainties and contingencies, any of which are beyond your control, and that no assurance can be
given that any particular Projection will be realized). If at any time, any of the representations in the preceding sentence would be incorrect in any material respect if the Information and Projections were being furnished, and such representations
were being made, at such time, then you will (and with respect to the TWG Business, use your commercially reasonable efforts to) promptly supplement, or cause to be supplemented, the Information and Projections so that (to the best of your knowledge
with respect to the TWG Business prior to the Closing Date) such representations will be correct in all material respects at such time until (i) if a Successful Syndication has been achieved by the Closing Date, the Closing Date or (ii) if
a Successful Syndication has not been achieved by the Closing Date, the earlier of (x) the achievement of a Successful Syndication and (y) 60 days after the Closing Date. You acknowledge that we will be entitled to use and rely on the
Information and Projections without independent verification thereof. 
 We reserve the right to employ the services of one or more of our
affiliates in providing services contemplated by this Commitment Letter and to allocate, in whole or in part, to such affiliates certain fees payable to us in such manner as we and our affiliates may agree. You acknowledge that we may share with any
of our affiliates, and such affiliates may share with us, any information related to the Transactions, you and your subsidiaries or the TWG Business or any of the matters contemplated hereby in connection with the Transactions, in each case on a
confidential basis. 
 4. Fees. As consideration for our commitments hereunder and each Arranger’s agreement to
perform the services described herein, you agree to pay (when due and payable) the non-refundable fees set forth in the Term Sheet and in (i) the original Fee Letter, dated as of October 17, 2017,
between MSSF and you, (ii) the Supplemental Fee Letter, dated as of January 8, 2018, among you, MSSF, JPMorgan and Wells, and (iii) the Joinder Fee Letter, dated as of the date hereof among you, the Arrangers and the Initial Lenders
(collectively, the “Fee Letters”). 
 5. Conditions Precedent. Our commitments and agreements hereunder
are subject solely to those conditions specified in Exhibit B; it being understood that there are no conditions (implied or otherwise) to the commitments hereunder (including compliance with the terms of the Commitment Letter, the Fee Letters
and the Credit Documentation) other than those that are expressly stated in Exhibit B to be conditions to the funding under the Facility on the Closing Date (and upon satisfaction or waiver of such conditions, the funding requested by you
under the Facility shall occur). Notwithstanding anything in this Commitment Letter, the Fee Letters, the Credit Documentation or any other letter agreement or other undertaking to the contrary, (a) the only representations and warranties the
accuracy of which shall be a condition to availability of the Facility on the Closing Date shall be (i) the Merger Agreement Representations (as defined below) and (ii) the Specified Representations (as defined below) and (b) the
terms of the Credit Documentation shall be in a form such that they do not impair availability of the Facility on the Closing Date if the conditions expressly set forth in Exhibit B hereto are satisfied. 

For purposes of the previous paragraph, (a) “Merger Agreement Representations” means the representations and warranties made
by or on behalf of or related to the TWG Business in the Merger Agreement as are material to the interests of the Lenders, but only to the extent that you (or your applicable subsidiary) have the right to terminate your (or its) obligation to
consummate the Merger Transactions under the Merger Agreement or the right not to consummate the Merger Transactions pursuant to the Merger Agreement as a result of a breach of such representations and warranties and (b) “Specified
Representations” means the representations and warranties of the Borrower set forth in the Credit Documentation relating to corporate or other organizational existence of the Borrower and each

  
 C-6 

 
Guarantor (as defined in the Term Sheet); organizational power and authority (as to execution, delivery and performance of the Credit Documentation) of the Borrower and each Guarantor; the due
corporate authorization, execution and delivery of the Credit Documentation by the Borrower and each Guarantor; enforceability and governmental authorizations, in each case, as it relates to entering into and performance of the Credit Documentation
by the Borrower and each Guarantor; the Credit Documentation not conflicting with (i) organizational documents or (ii) any agreement or instrument governing committed or outstanding Material Indebtedness (as defined in the Credit
Agreements) of the Borrower (in the case of this clause (ii), without giving effect to any “material adverse effect” qualification); solvency as of the Closing Date (after giving effect to the Transactions) of the Borrower and its
subsidiaries on a consolidated basis (such representation and warranty to be consistent with the solvency certificate in the form set forth in Annex I to Exhibit B); Federal Reserve margin regulations; Investment Company Act; use of
proceeds in violation of OFAC and FCPA; and anti-money laundering laws. The provisions in this Section 5 are referred to as the “Limited Conditionality Provisions.” 

6. Indemnity and Expenses; Other Activities. You agree (a) to indemnify and hold harmless each Commitment Party and
its affiliates and each officer, director, employee, advisor and agent of each Commitment Party or its affiliates (each, an “indemnified person”) from and against any and all losses, claims, damages and liabilities to which any such
indemnified person may become subject arising out of or in connection with this Commitment Letter, the Fee Letters, the Facility, the use of the proceeds thereof, the Transactions or any related transaction or any claim, litigation, investigation or
proceeding relating to any of the foregoing, regardless of whether any indemnified person is a party thereto and regardless of whether brought by a third party or by you or any of your affiliates (any of the foregoing, a
“Proceeding”), and to reimburse each indemnified person upon written demand for any reasonable and documented out-of-pocket expenses incurred in
connection with investigating, defending, preparing to defend or participating in any such Proceeding, including the reasonable fees and expenses of one common counsel, of reasonably required local counsel (limited to one such local counsel in each
jurisdiction) plus one reasonably required insurance regulatory counsel and, solely in the case of an actual or potential conflict of interest, of one additional counsel (and if reasonably required, one local counsel in each jurisdiction) to each
group of similarly situated affected indemnified persons taken as a whole; provided, further, that the foregoing indemnity will not, as to any indemnified person, apply to losses, claims, damages, liabilities or related expenses to the
extent they (i) are found by a final, non-appealable judgment of a court of competent jurisdiction to result directly from (A) the willful misconduct, bad faith or gross negligence of such
indemnified person or any Related Person (as defined below) thereof or (B) a material breach by such indemnified person or any Related Person thereof of its obligations under this Commitment Letter or the Fee Letters or (ii) result from a
dispute solely among indemnified persons that does not involve an act or omission by you or any of your affiliates and are not brought against such indemnified person in such capacity as an agent or arranger or similar role under the Facility, and
(b) to reimburse each Commitment Party and its affiliates upon written demand for all reasonable and documented out-of-pocket expenses (including, without
limitation, reasonable and documented fees, charges and disbursements of counsel) incurred in connection with the Facility and any related documentation (including, without limitation, this Commitment Letter, the Fee Letters and the Credit
Documentation) or the administration, amendment, modification or waiver thereof and in connection with the enforcement of any of its rights and remedies hereunder; provided, that you shall only be obligated to reimburse the Commitment Parties and
their affiliates for the reasonable fees and expenses of one common counsel, of reasonably required local counsel (limited to one such local counsel in each jurisdiction) plus one reasonably required insurance regulatory counsel and, solely in the
case of an actual or potential conflict of interest, of one additional counsel (and if reasonably required, one local counsel in each jurisdiction plus one reasonably required insurance regulatory counsel) to the affected indemnified person.
Notwithstanding any other provision of this Commitment Letter, no indemnified person shall be liable for any damages arising from the use by unintended recipients of Information or other materials obtained through electronic, telecommunications or
other information transmission systems, except to the 

  
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extent they are found by a final, non-appealable judgment of a court of competent jurisdiction to result directly from (x) the willful misconduct, bad
faith or gross negligence of such indemnified person or any Related Person thereof or (y) material breach by such indemnified person or any Related Person thereof of its obligations under this Commitment Letter or the Fee Letters. None of you
or your affiliates, the TWG Business, the Commitment Parties or any other indemnified party shall be liable for any special, indirect, consequential or punitive damages in connection with the Commitment Letter, the Fee Letters, the Facility, the use
of the proceeds thereof, the Transactions or any related transaction; provided, that nothing in this sentence shall limit your indemnity and reimbursement obligations set forth herein to the extent such special, indirect, consequential or punitive
damages are included in any third party claim in connection with which such indemnified person is entitled to indemnification or reimbursement hereunder. For purposes hereof, a “Related Person” of an indemnified person means
(a) any controlling person, controlled affiliate or subsidiary of such indemnified person, (b) the respective directors, officers or employees of such indemnified person or any of its subsidiaries, controlled affiliates or controlling
persons and (c) the respective agents and advisors of such indemnified person or any of its subsidiaries, controlled affiliates or controlling persons, in the case of this clause (c), acting on behalf of or at the instructions of such
indemnified person, controlling person or such controlled affiliate. 
 You will not, without the prior written consent of the indemnified
persons (such consent not to be unreasonably withheld or delayed), settle, compromise, consent to the entry of any judgment in or otherwise seek to terminate any Proceeding in respect of which indemnification may be sought hereunder (whether or not
any indemnified person is a party thereto) unless such settlement, compromise, consent or termination (a) includes an unconditional release of each indemnified person from all liability arising out of such Proceeding and (b) does not
include a statement as to, or an admission of, fault, culpability, or a failure to act by or on behalf of such indemnified person. You will not be liable for any settlement, compromise, consent or termination of any pending or threatened Proceeding
effected without your prior written consent (which shall not be unreasonably withheld or delayed); provided, however, that if a Proceeding is settled, compromised, consented to or terminated with your prior written consent or if there
is a final judgment in any such Proceeding, you agree to indemnify and hold harmless each indemnified person to the extent and in the manner set forth above. The provisions of this paragraph and the immediately preceding paragraph shall be
superseded by the indemnity and expense provisions of the Credit Documentation after the Closing Date to the extent covered thereby. 
 You
acknowledge that each Commitment Party and its affiliates (the term “Commitment Party” as used below in this paragraph being understood to include such affiliates) may be providing debt financing, equity capital or other services
(including, without limitation, financial advisory services) to other companies in respect of which you may have conflicting interests or a commercial or competitive relationship with and otherwise. In particular, you acknowledge that Morgan
Stanley & Co. LLC (“MS&Co.”) is acting as a buy-side financial advisor to you in connection with the Transactions. You agree not to assert or allege any claim based on actual or
potential conflict of interest arising or resulting from, on the one hand, the engagement of MS&Co. in such capacity and our obligations hereunder, on the other hand. No Commitment Party will use confidential information obtained from you by
virtue of the transactions contemplated hereby or other relationships with you in connection with the performance by the Commitment Parties of services for other companies, and no Commitment Party will furnish any such information to other companies
or their advisors. You also acknowledge that no Commitment Party has any obligation to use in connection with the transactions contemplated hereby, or to furnish to you, confidential information obtained from other companies. You acknowledge that
each Commitment Party is acting pursuant to a contractual relationship on an arm’s length basis, and the parties hereto do not intend that any Commitment Party or its affiliates act or be responsible as a fiduciary to you, your management,
stockholders, creditors or any other person. You hereby expressly disclaim any fiduciary relationship and agree that you are responsible for making your own independent judgments with respect to any transactions (including the Transactions) entered
into between you and the Commitment Parties. 

  
 C-8 

 
You also acknowledge that no Commitment Party has advised and none is advising you as to any legal, accounting, regulatory or tax matters, and that you are consulting your own advisors concerning
such matters to the extent you deem appropriate. 
 7. Governing Law, etc. This Commitment Letter shall be governed by,
and construed in accordance with, the law of the State of New York; provided that the laws of the State of Delaware shall govern in determining (i) whether the Merger Transactions have been consummated in accordance with the terms of the
Merger Agreement, (ii) whether a Target Material Adverse Effect (as defined in Exhibit B) has occurred and (iii) compliance with any Merger Agreement Representations. The parties hereto hereby waive any right they may have to a
trial by jury with respect to any claim, action, suit or proceeding arising out of or contemplated by this Commitment Letter. The parties hereto submit to the exclusive jurisdiction of the federal and New York State courts located in the County of
New York in connection with any dispute related to, contemplated by, or arising out of this Commitment Letter and agree that any service of process, summons, notice or document by registered mail addressed to such party shall be effective service of
process for any suit, action or proceeding relating to any such dispute. The parties hereto irrevocably and unconditionally waive any objection to the laying of venue of any such suit, action or proceeding brought in any such court and agree that
any final judgment in any such suit, action or proceeding brought in any such court shall be conclusive and may be enforced in other jurisdictions by suit upon the judgment or in any other manner provided by law. 

8. PATRIOT Act. We hereby notify you that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (October 26, 2001), as amended) (the “PATRIOT Act”), the Commitment Parties and the other Lenders may be required to obtain, verify and record information that identifies you and
each Guarantor, which information includes your and each such Guarantor’s name and address, and other information that will allow the Commitment Parties and the other Lenders to identify you and each Guarantor in accordance with the PATRIOT
Act. This notice is given in accordance with the requirements of the PATRIOT Act and is effective for each Commitment Party and the other Lenders. 

9. Confidentiality. This Commitment Letter is delivered to you on the understanding that neither this Commitment Letter
nor the Fee Letters nor any of their terms or substance shall be disclosed, directly or indirectly, to any other person except (a) to your and your affiliates’ respective officers, directors, employees, stockholders, partners, members,
accountants, attorneys, agents and advisors who are directly involved in the consideration of this matter on a confidential and need-to-know basis, (b) as may be
compelled in a judicial or administrative proceeding or as otherwise required by law, regulation, compulsory legal process or as requested by a governmental authority (in which case you agree to the extent permitted under applicable law to inform us
promptly thereof), (c) this Commitment Letter (including the Term Sheet) and the contents thereof (but not the Fee Letters or the contents thereof) may be disclosed to seller of the TWG Business and its officers, directors, employees,
accountants, attorneys, agents, stockholders, partners, controlling persons, representatives and advisors in connection with their consideration of the Transactions on a confidential and need-to-know basis, (d) after your acceptance of this Commitment Letter, you may disclose this Commitment Letter (but not the Fee Letters) in filings with the United States Securities and Exchange
Commission (“SEC”) and other applicable regulatory authorities and stock exchanges, as required by law, (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Commitment
Letter, the Fee Letters, or the transaction contemplated thereby or enforcement hereof and thereof and (f) if the Arrangers consent to such disclosure. In addition, you may disclose (i) this Commitment Letter and the contents hereof to any
rating agency on a confidential basis, (ii) this Commitment Letter and the contents hereof in any syndication of the Facility or in any confidential information memorandum, prospectus or offering memorandum related to any Permanent Financing
issued in lieu of the Facility or in any public filing (including documents furnished) relating to the Transactions, (iii) the aggregate amount of fees and other compensation under the Facility (but without disclosing any specific fees, flex or
other economic terms 

  
 C-9 

 
set forth in the Fee Letters) aggregated with the other fees and compensation for the Transactions as part of projections, pro forma information or generic disclosure of aggregate sources
and uses related to the Transactions in any syndication of the Facility or in any prospectus or offering memorandum related to any securities issued in lieu of the Facility or in any filings with (including documents furnished to) the Securities
Exchange Commission to the extent required by law or regulation, in each case to the extent customary, (iv) the Fee Letters to the seller of the TWG Business and its officers, directors, employees, attorneys, accountants, agents,
representatives and advisors, in each case in connection with the Transactions, on a confidential and need-to-know basis and redacted in a manner reasonably acceptable
to the Arrangers and (v) the Fee Letters and the contents thereof on a confidential basis after the Closing Date to the Borrower’s auditors for customary accounting purposes, including accounting for deferred financing costs. The foregoing
restrictions shall cease to apply in respect of the existence and contents of this Commitment Letter (but not in respect of the Fee Letters and their contents) on the earliest of (x) the date (if any) on which this Commitment Letter is publicly
filed by the Borrower in accordance with clause (d) of this paragraph, (y) the Closing Date and (z) the date that is two years following the termination of this Commitment Letter in accordance with its terms. 

Each Commitment Party will treat as confidential all non-public and confidential information provided
to it by you or on your behalf hereunder and shall use all non-public and confidential information received by it in connection with the Transactions solely for the purposes of providing the services that are
the subject of this Commitment Letter or the Fee Letters; provided, that nothing herein shall prevent such person from disclosing any such information (a) to any Lenders or participants or prospective Lenders or participants and any
direct or indirect contractual counterparties to any swap or derivative transaction relating to you or your obligations under the Facility (collectively, “Specified Counterparties”), (b) to its affiliates and officers, directors,
employees, accountants, attorneys, agents and advisors (collectively, the “Representatives”) who need to know such information in connection with the Transactions and are informed of the confidential nature of such information and
are bound to maintain the confidentiality of such information, (c) as may be compelled or requested in a judicial or administrative proceeding or as otherwise required by law or requested by a governmental authority (in which case such person
(i) shall limit such disclosure to the extent necessary to comply with such order, regulation, law or request and (ii) agrees to the extent permitted under applicable law to inform you promptly thereof), (d) to any rating agency on a
confidential basis; provided, that any disclosure of material non-public information shall require your prior approval, (e) in connection with an audit or examination by any state, federal or
foreign authority or examiner regulating banks or banking, (f) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Commitment Letter, the Fee Letters or the transaction contemplated
thereby or enforcement hereof and thereof and (g) to the extent such confidential information becomes publicly available (i) other than as a result of a breach of this provision or (ii) to it from a source, other than you, which it
has no reason to believe has any confidentiality or fiduciary obligation to you, your affiliates or the TWG Business with respect to such information; provided, that the disclosure of any such information to any Lenders or prospective Lenders
or participants or prospective participants or Specified Counterparties referred to above shall be made subject to the acknowledgment and acceptance by such Lender or prospective Lender or participant or prospective participant or Specified
Counterparty that such information is being disseminated on a confidential basis in accordance with the standard syndication process of the Arrangers or customary market standards for dissemination of such types of information; provided,
further, that the foregoing obligations of the Commitment Parties shall remain in effect until the earlier of (x) the first anniversary of the date of the Original Commitment Letter, and (y) the execution and delivery of the Credit
Documentation by the parties thereto, at which time any confidentiality undertaking in the Credit Documentation shall supersede the provisions in this paragraph. 

10. Miscellaneous. This Commitment Letter shall not be assignable by you without our prior written consent (and any
purported assignment without such consent shall be null and void), is 

  
 C-10 

 
intended to be solely for the benefit of the parties hereto and is not intended to confer any benefits upon, or create any rights in favor of, any person other than the parties hereto and the
indemnified persons. We may assign our commitments and agreements hereunder, in whole or in part, (i) to any of our affiliates (provided, that, except in the case of assignments between MSSF and Morgan Stanley Bank, N.A. or between
Commitment Parties which are affiliates of each other, no assigning Commitment Party shall be released from the portion of its commitment hereunder so assigned to the extent such affiliate fails to fund the portion of the commitment assigned to it
on the Closing Date notwithstanding the satisfaction of the conditions to such funding set forth herein) and (ii) subject to the applicable requirements set forth in Section 2 above, to any proposed Lender prior to the
Closing Date. This Commitment Letter may not be amended or waived except by an instrument in writing signed by you and us, provided, that the foregoing shall not restrict any Arranger (i) in syndicating its (or its affiliates’)
remaining Commitment and entering into additional joinder agreements with the Borrower and any additional Commitment Party in connection therewith, (ii) from amending, waiving, supplementing or otherwise modifying any of its rights, benefits or
obligations under this Commitment Letter (including, without limitation, under Section 2 hereof, or any other provisions hereof applicable to MSSF, JPMorgan or Wells in their respective capacities as an Arranger or, in the
case of MSSF, in its capacity as the Administrative Agent) as mutually agreed to with the Borrower to the extent that the Additional Commitment Parties’ rights or obligations hereunder are not adversely affected thereby or (iii) from
making any determination in its capacity as an Arranger or the Administrative Agent as provided in this Commitment Letter. This Commitment Letter may be executed in any number of counterparts, each of which shall be an original, and all of which,
when taken together, shall constitute one agreement. Delivery of an executed signature page of this Commitment Letter by electronic transmission shall be effective as delivery of a manually executed counterpart hereof. This Commitment Letter and the
Fee Letters are the only agreements that have been entered into among us with respect to the Facility and set forth the entire understanding of the parties with respect thereto. No individual has been authorized by any Commitment Party or its
affiliates to make any oral or written statements that are inconsistent with this Commitment Letter or the Fee Letters. As used in this Commitment Letter and the Fee Letters, the term “affiliate” includes our lending partners. It is
understood and agreed that the Additional Commitment Parties (except as expressly set forth herein) shall not have any rights or benefits with respect to, (a) roles or titles assigned to any of MSSF, JPMorgan or Wells pursuant to this
Commitment Letter, (b) the provisions of this Commitment Letter applicable to the Arrangers and the Administrative Agent solely in their respective capacities as such and (c) any provisions of the Fee Letters unless such Additional
Commitment Party is a party thereto. 
 The information, reimbursement, indemnification, confidentiality, syndication, jurisdiction,
governing law and waiver of jury trial provisions contained herein and in the Fee Letters shall remain in full force and effect regardless of whether the Credit Documentation shall be executed and delivered and notwithstanding the termination of
this Commitment Letter or our commitments hereunder except that the information and syndication provisions shall not survive if the commitments and undertakings of the Commitment Parties are terminated prior to the effectiveness of the Facility;
provided, that your obligations under this Commitment Letter, other than those pursuant to syndication, clear markets and confidentiality, shall automatically terminate and be superseded by the Credit Documentation (to the extent covered
thereby) upon the Closing Date, and (to the extent so covered) you shall be released from all liability in connection therewith at such time. You may terminate this Commitment Letter and/or our commitments hereunder at any time subject to the
provisions of the immediately preceding sentence. 
 If the foregoing correctly sets forth our agreement, please indicate your acceptance of
the terms hereof by returning to us executed counterparts hereof and of the Joinder Fee Letter prior to 5:00 p.m. (New York City time) on [•], 2018. If the Commitment Letter and the Joinder Fee Letter have not been executed and returned by such
time, then the Commitment Parties’ offer hereunder shall terminate at such time. After your execution and delivery to us of this Commitment Letter, our outstanding 

  
 C-11 

 
commitments with respect to the Facility in this Commitment Letter shall automatically terminate upon the earliest to occur of (i) the execution and delivery of the Bridge Loan Agreement by
all parties thereto, (ii) December 17, 2018, (iii) the closing of the Merger Transactions without the use of the Facility and (iv) the valid termination of the Merger Agreement in accordance with its terms (the earliest of clauses
(ii) through (iv) being the “Commitment Termination Date”); provided, that the termination of any Commitment pursuant to this sentence shall not prejudice your rights and remedies with respect to any breach of
this Commitment Letter or the Fee Letters that occurred prior to any such termination. 
 Each of the parties hereto agrees that this
Commitment Letter and the Fee Letters are binding and enforceable agreements with respect to the subject matter contained herein and therein, including an agreement to negotiate in good faith the Credit Documentation by the parties hereto in a
manner consistent with this Commitment Letter, it being acknowledged and agreed that the commitments provided hereunder by the Commitment Parties are subject only to conditions precedent set forth in Exhibit B. 

Upon and following the execution of this Commitment Letter and the Joinder Fee Letter by each of the parties hereto and thereto, the Original
Commitment Letter shall be deemed amended and superseded (but not novated) by the terms hereof and (as applicable) the terms of the Joinder Fee Letter. This Commitment Letter is the “Amended and Restated Commitment Letter” referred to in
the Interim Commitment Letter, and the Borrower, MSSF, JPMorgan and Wells agree that the commitments under the Interim Commitment Letter have been terminated upon the execution of this Commitment Letter by each of the parties hereto. 

[Signature Pages Follow] 

  
 C-12 

 We are pleased to have been given the opportunity to assist you in connection with this important
financing. 
  

			
	Very truly yours,
	
	MORGAN STANLEY SENIOR FUNDING, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  
 C-13 

 
			
	MORGAN STANLEY BANK, N.A.
		
	By:	 	  

		 	Name:
		 	Title:

  
 C-14 

 
			
	JPMORGAN CHASE BANK, N.A.
		
	By:	 	  

		 	Name:
		 	Title:

  

  
 C-15 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	WELLS FARGO SECURITIES, LLC

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  
 C-16 

 
			
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	  

		 	Name:
		 	Title:

  
 C-17 

 
			
	BANK OF MONTREAL
		
	By:	 	  

		 	Name:
		 	Title:

  
 C-18 

 
			
	KEYBANK NATIONAL ASSOCIATION
		
	By:	 	  

		 	Name:
		 	Title:

  
 C-19 

			
	Accepted and agreed to as of the date first written above by:
	
	ASSURANT, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  
 C-20 

 Schedule I 

Commitments3 

 

									
	 Initial Lender
	  	Original Tranche
Commitment	 	  	Incremental
Tranche
Commitment	 
	 Morgan Stanley Bank, N.A.
	  	$	350,000,000	 	  	$	[•]	 
	 JPMorgan Chase Bank, N.A.
	  	$	255,000,000	 	  	$	[•]	 
	 Wells Fargo Bank, National Association
	  	$	255,000,000	 	  	$	[•]	 
	 U.S. Bank National Association
	  	$	60,000,000	 	  	$	[•]	 
	 Bank of Montreal
	  	$	40,000,000	 	  	$	[•]	 
	 KeyBank National Association
	  	$	40,000,000	 	  	$	[•]	 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	1,000,000,000.00	 	  	$	500,000,000.00	 
		  	  
	  
	 	  	  
	  
	 

  

	3 	Commitment schedule to be confirmed. 

  
 C-I-1 

 Exhibit A 

[See Exhibit A to the Interim Commitment Letter] 

 Exhibit B 

[See Exhibit B to the Interim Commitment Letter] 

  
 B-I-2

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