Document:

EX-10.1

 Exhibit 10.1 
  

 
  

CREDIT AGREEMENT 
 Dated as of March 2, 2012 
 among 

AMERICAN EAGLE OUTFITTERS, INC. 
 AEO MANAGEMENT CO. 
 AEO INTERNATIONAL CORP. 

as U.S. Borrowers, 
 AE NORTH HOLDINGS CO. 
 AMERICAN EAGLE OUTFITTERS CANADA CORPORATION

 as Canadian Borrowers, 
 HSBC BANK USA, N.A.,  
 as Administrative Agent, Joint Lead Arranger, Joint
Bookrunner 
 and 
 as an L/C Issuer, 
 PNC CAPITAL MARKETS LLC,  

as Joint Lead Arranger and Joint Bookrunner 
 PNC BANK, NATIONAL ASSOCIATION,  
 as Syndication Agent and as an L/C Issuer

 JPMORGAN CHASE BANK, N.A. and WELLS FARGO BANK, N.A.,  

as Co-Documentation Agents 
 and 
 The Other Lenders Party Hereto 

 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	 ARTICLE I.
	 	DEFINITIONS AND ACCOUNTING TERMS	  	 	1	  
			
	 1.01
	 	Defined Terms	  	 	1	  
			
	 1.02
	 	Other Interpretive Provisions	  	 	25	  
			
	 1.03
	 	Accounting Terms	  	 	26	  
			
	 1.04
	 	Rounding	  	 	26	  
			
	 1.05
	 	Exchange Rates; Currency Equivalents	  	 	26	  
			
	 1.06
	 	Additional Alternative Currencies	  	 	26	  
			
	 1.07
	 	Change of Currency	  	 	27	  
			
	 1.08
	 	Times of Day	  	 	28	  
			
	 1.09
	 	Letter of Credit Amounts	  	 	28	  
			
	 ARTICLE II.
	 	THE COMMITMENTS AND CREDIT EXTENSIONS	  	 	28	  
			
	 2.01
	 	Committed Loans	  	 	28	  
			
	 2.02
	 	Borrowings, Conversions and Continuations of Committed Loans	  	 	29	  
			
	 2.03
	 	Letters of Credit	  	 	31	  
			
	 2.04
	 	Reserved	  	 	40	  
			
	 2.05
	 	Prepayments	  	 	40	  
			
	 2.06
	 	Termination or Reduction of Commitments	  	 	41	  
			
	 2.07
	 	Repayment of Loans	  	 	42	  
			
	 2.08
	 	Interest	  	 	42	  
			
	 2.09
	 	Fees	  	 	43	  
			
	 2.10
	 	Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate	  	 	43	  
			
	 2.11
	 	Evidence of Debt	  	 	44	  
			
	 2.12
	 	Payments Generally; Administrative Agent’s Clawback	  	 	45	  
			
	 2.13
	 	Sharing of Payments by Lenders	  	 	47	  
			
	 2.14
	 	Designated Borrowers	  	 	47	  
			
	 2.15
	 	Defaulting Lender Adjustments	  	 	49	  
			
	 2.16
	 	Increase in Commitments	  	 	51	  
			
	 ARTICLE III.
	 	TAXES, YIELD PROTECTION AND ILLEGALITY	  	 	52	  
			
	 3.01
	 	Taxes	  	 	52	  

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 3.02
	 	Illegality	  	 	57	  
			
	 3.03
	 	Inability to Determine Rates	  	 	57	  
			
	 3.04
	 	Increased Costs; Reserves on Eurocurrency Loans	  	 	58	  
			
	 3.05
	 	Compensation for Losses	  	 	59	  
			
	 3.06
	 	Mitigation Obligations; Replacement of Lenders	  	 	60	  
			
	 3.07
	 	Survival	  	 	60	  
			
	 ARTICLE IV.
	 	CONDITIONS PRECEDENT TO CREDIT EXTENSIONS	  	 	61	  
			
	 4.01
	 	Conditions of Initial Credit Extension	  	 	61	  
			
	 4.02
	 	Conditions to all Credit Extensions	  	 	62	  
			
	 ARTICLE V.
	 	REPRESENTATIONS AND WARRANTIES	  	 	63	  
			
	 5.01
	 	Existence, Qualification and Power	  	 	63	  
			
	 5.02
	 	Authorization; No Contravention	  	 	64	  
			
	 5.03
	 	Governmental Authorization; Other Consents	  	 	64	  
			
	 5.04
	 	Binding Effect	  	 	64	  
			
	 5.05
	 	Financial Statements; No Material Adverse Effect	  	 	64	  
			
	 5.06
	 	Litigation	  	 	65	  
			
	 5.07
	 	No Default	  	 	65	  
			
	 5.08
	 	Ownership of Property; Liens	  	 	65	  
			
	 5.09
	 	Environmental Compliance	  	 	65	  
			
	 5.10
	 	Insurance	  	 	65	  
			
	 5.11
	 	Taxes	  	 	66	  
			
	 5.12
	 	ERISA Compliance	  	 	66	  
			
	 5.13
	 	Subsidiaries; Equity Interests	  	 	66	  
			
	 5.14
	 	Margin Regulations; Investment Company Act	  	 	67	  
			
	 5.15
	 	Disclosure	  	 	67	  
			
	 5.16
	 	Compliance with Laws	  	 	67	  
			
	 5.17
	 	Taxpayer Identification Number; Other Identifying Information	  	 	67	  
			
	 5.18
	 	Intellectual Property; Licenses, Etc	  	 	67	  
			
	 5.19
	 	Use of Proceeds	  	 	68	  
			
	 5.20
	 	Solvency	  	 	68	  

  
 ii 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 5.21
	 	Collective Bargaining Agreements	  	 	68	  
			
	 5.22
	 	Absence of Undisclosed Liabilities	  	 	68	  
			
	 5.23
	 	Representations as to Foreign Obligors	  	 	69	  
			
	 ARTICLE VI.
	 	AFFIRMATIVE COVENANTS	  	 	70	  
			
	 6.01
	 	Financial Statements	  	 	70	  
			
	 6.02
	 	Certificates; Other Information	  	 	71	  
			
	 6.03
	 	Notices	  	 	73	  
			
	 6.04
	 	Payment of Obligations	  	 	73	  
			
	 6.05
	 	Preservation of Existence, Etc	  	 	73	  
			
	 6.06
	 	Maintenance of Properties	  	 	74	  
			
	 6.07
	 	Maintenance of Insurance	  	 	74	  
			
	 6.08
	 	Compliance with Laws	  	 	74	  
			
	 6.09
	 	Books and Records	  	 	74	  
			
	 6.10
	 	Inspection Rights	  	 	74	  
			
	 6.11
	 	Use of Proceeds	  	 	74	  
			
	 6.12
	 	Approvals and Authorizations	  	 	75	  
			
	 6.13
	 	Additional Subsidiary Guarantors	  	 	75	  
			
	 ARTICLE VII.
	 	NEGATIVE COVENANTS	  	 	75	  
			
	 7.01
	 	Liens	  	 	75	  
			
	 7.02
	 	Investments	  	 	77	  
			
	 7.03
	 	Indebtedness	  	 	78	  
			
	 7.04
	 	Fundamental Changes	  	 	79	  
			
	 7.05
	 	Dispositions	  	 	79	  
			
	 7.06
	 	Restricted Payments	  	 	80	  
			
	 7.07
	 	Change in Nature of Business; Change in Fiscal Year	  	 	80	  
			
	 7.08
	 	Transactions with Affiliates	  	 	81	  
			
	 7.09
	 	Burdensome Agreements	  	 	81	  
			
	 7.10
	 	Use of Proceeds	  	 	81	  
			
	 7.11
	 	Sale and Leaseback	  	 	81	  
			
	 7.12
	 	Swap Contracts	  	 	81	  

  
 iii

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 7.13
	 	Modification of Certain Agreements	  	 	82	  
			
	 7.14
	 	Financial Covenants	  	 	82	  
			
	 7.15
	 	Intercompany Transfers	  	 	83	  
			
	 ARTICLE VIII.
	 	EVENTS OF DEFAULT AND REMEDIES	  	 	83	  
			
	 8.01
	 	Events of Default	  	 	83	  
			
	 8.02
	 	Remedies Upon Event of Default	  	 	85	  
			
	 8.03
	 	Application of Funds	  	 	86	  
			
	 ARTICLE IX.
	 	ADMINISTRATIVE AGENT	  	 	87	  
			
	 9.01
	 	Appointment and Authority	  	 	87	  
			
	 9.02
	 	Rights as a Lender	  	 	87	  
			
	 9.03
	 	Exculpatory Provisions	  	 	87	  
			
	 9.04
	 	Reliance by Administrative Agent	  	 	88	  
			
	 9.05
	 	Delegation of Duties	  	 	88	  
			
	 9.06
	 	Resignation of Administrative Agent	  	 	88	  
			
	 9.07
	 	Non-Reliance on Administrative Agent and Other Lenders	  	 	89	  
			
	 9.08
	 	No Other Duties, Etc	  	 	89	  
			
	 9.09
	 	Administrative Agent May File Proofs of Claim	  	 	89	  
			
	 9.10
	 	Guaranty Matters	  	 	90	  
			
	 ARTICLE X.
	 	MISCELLANEOUS	  	 	90	  
			
	 10.01
	 	Amendments, Etc	  	 	90	  
			
	 10.02
	 	Notices; Effectiveness; Electronic Communication	  	 	92	  
			
	 10.03
	 	No Waiver; Cumulative Remedies; Enforcement	  	 	94	  
			
	 10.04
	 	Expenses; Indemnity; Damage Waiver	  	 	94	  
			
	 10.05
	 	Payments Set Aside	  	 	96	  
			
	 10.06
	 	Successors and Assigns	  	 	97	  
			
	 10.07
	 	Treatment of Certain Information; Confidentiality	  	 	100	  
			
	 10.08
	 	Right of Setoff	  	 	101	  
			
	 10.09
	 	Interest Rate Limitation	  	 	102	  
			
	 10.10
	 	Counterparts; Integration; Effectiveness	  	 	102	  
			
	 10.11
	 	Survival of Representations and Warranties	  	 	102	  

  
 iv 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 10.12
	 	Severability	  	 	102	  
			
	 10.13
	 	Replacement of Lenders	  	 	103	  
			
	 10.14
	 	Governing Law; Jurisdiction; Etc	  	 	103	  
			
	 10.15
	 	Waiver of Jury Trial	  	 	104	  
			
	 10.16
	 	No Advisory or Fiduciary Responsibility	  	 	104	  
			
	 10.17
	 	Electronic Execution of Assignments and Certain Other Documents	  	 	105	  
			
	 10.18
	 	USA PATRIOT Act	  	 	105	  
			
	 10.19
	 	Reserved	  	 	105	  
			
	 10.20
	 	Judgment Currency	  	 	105	  
			
	 10.21
	 	Administrative Borrower	  	 	106	  
			
	 10.22
	 	Joint and Several Liability	  	 	107	  
			
	 10.23
	 	Entire Agreement	  	 	109	  

  
 v 

			
	 SCHEDULES
	 	
		
	 1.01
	 	Existing Letters of Credit
	 2.01
	 	Commitments and Applicable Percentages
	 5.13
	 	Subsidiaries; Other Equity Investments
	 5.21
	 	Collective Bargaining Agreements
	 7.01
	 	Existing Liens
	 7.03
	 	Existing Indebtedness
	 10.02
	 	Administrative Agent’s Office; Certain Addresses for Notices

  

			
	 EXHIBITS
	 	
		
	 Form of
	 	
		
	 A
	 	Committed Loan Notice
	 B
	 	Note
	 C
	 	Compliance Certificate
	 D-1
	 	Assignment and Assumption
	 D-2
	 	Administrative Questionnaire
	 E
	 	Subsidiary Guaranty
	 F
	 	Designated Borrower Request and Assumption Agreement
	 G
	 	Designated Borrower Notice

  
 vi 

 CREDIT AGREEMENT 

This CREDIT AGREEMENT (“Agreement”) is entered into as of March 2, 2012, among AMERICAN EAGLE OUTFITTERS, INC. (the
“Company”), AEO MANAGEMENT CO. (“AMC”), AEO INTERNATIONAL CORP. (“AIC”, and together with the Company and AMC, each a “U.S. Borrower” and collectively, the “U.S.
Borrowers”), AE NORTH HOLDINGS CO. (“AE North”) and AMERICAN EAGLE OUTFITTERS CANADA CORPORATION (“AEO Canada”, and together with AE North, each a “Canadian Borrower” and collectively, the
“Canadian Borrowers”), certain Subsidiaries of the Company party hereto pursuant to Section 2.14 (each a “Designated Borrower”, and together with the U.S. Borrowers and the Canadian Borrowers, each a
“Borrower”, and collectively, the “Borrowers”), each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), and HSBC BANK USA, N.A.
(“HSBC”), as Administrative Agent, Joint Lead Arranger, Joint Bookrunner and as an L/C Issuer, PNC CAPITAL MARKETS LLC (“PNC”) as Joint Lead Arranger and Joint Bookrunner, PNC BANK, NATIONAL ASSOCIATION
(“PNC Bank”) as Syndication Agent and as an L/C Issuer and JPMORGAN CHASE BANK, N.A. and WELLS FARGO BANK, N.A., as Co-Documentation Agents. 
 The Borrowers have requested that the Lenders provide a revolving credit facility, and the Lenders are willing to do so on the terms and conditions set forth herein. 

In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows: 

ARTICLE I. 

DEFINITIONS AND ACCOUNTING TERMS 
 1.01 Defined Terms. As used in this Agreement, the following terms shall have the meanings set forth below: 
 “Adjusted LIBO Rate” means the applicable LIBO Rate, as adjusted for statutory reserve requirements for eurocurrency liabilities. 

“Administrative Agent” means HSBC in its capacity as administrative agent under any of the Loan Documents, or any
successor administrative agent. 
 “Administrative Agent’s Office” means, with respect to any currency,
the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02 with respect to such currency, or such other address or account with respect to such currency as the Administrative Agent may from time
to time notify to the Company and the Lenders. 
 “Administrative Questionnaire” means an Administrative
Questionnaire in substantially the form of Exhibit D-2 or any other form approved by the Administrative Agent. 

“Affiliate” means, with respect to any Person, another Person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 

  
 - 1 -

 “Aggregate Commitments” means the Commitments of all the Lenders.

 “Agreement” means this Credit Agreement. 

“Alternative Currency” means (a) each of Canadian Dollars, Euro and Sterling and (b) any foreign currency that
is (i) a lawful currency that is readily available and freely transferable and convertible into U.S. Dollars and (ii) agreed to by the Administrative Agent and each of the Lenders. 

“Alternative Currency Equivalent” means, at any time, with respect to any amount denominated in Dollars, the equivalent
amount thereof in the applicable Alternative Currency as determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the
purchase of such Alternative Currency with Dollars. 
 “Alternative Currency Sublimit” means an amount equal to
the lesser of the Aggregate Commitments and $50,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Commitments. 
 “Applicable Percentage” means with respect to any Lender at any time, the percentage (carried out to the ninth decimal place) of the Aggregate Commitments represented by such
Lender’s Commitment at such time. If the commitment of each Lender to make Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 8.02 or if the Aggregate Commitments have
expired, then the Applicable Percentage of each Lender shall be determined based on the Applicable Percentage of such Lender most recently in effect, giving effect to any subsequent assignments. The initial Applicable Percentage of each Lender is
set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable. 
 “Applicable Rate” means, from time to time, the following percentages per annum, based upon the Consolidated Leverage Ratio as set forth below: 

 

									
	 Pricing Level
	  	 Consolidated

Leverage Ratio
	  	 Adjusted LIBO

Rate (and Letter of
 Credit Fees)
	  	 Base Rate
	  	 Unused Line Fee

	 1
	  	Greater than or equal to 3.00 to 1.00	  	1.75%	  	0.75%	  	0.30%
	 2
	  	Less than 3.00 to 1.00 but greater than or equal to 2.50 to 1.00	  	1.50%	  	0.50%	  	0.25%
	 3
	  	Less than 2.50 to 1.00 but greater than or equal to 2.00 to 1.00	  	1.25%	  	0.25%	  	0.20%
	 4
	  	Less than 2.00 to 1.00	  	1.00%	  	0.00%	  	0.175%

  
 - 2 -

 Initially, the Applicable Rate shall be determined based upon the Consolidated Leverage
Ratio specified in the certificate delivered pursuant to Section 4.01(a)(vii). Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Leverage Ratio shall become effective as of the first Business Day
immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(b); provided, however, that if a Compliance Certificate is not delivered within three (3) Business Days of the due date
thereof in accordance with such Section, then, upon the request of the Required Lenders, Pricing Level 1 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall
remain in effect until the date on which such Compliance Certificate is delivered. 
 Notwithstanding anything to the contrary
contained in this definition, the determination of the Applicable Rate for any period shall be subject to the provisions of Section 2.10(b). 
 “Applicable Time” means, with respect to any borrowings and payments in any Alternative Currency, the local time in the place of settlement for such Alternative Currency as may be
determined by the Administrative Agent or the L/C Issuer, as the case may be, to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment. 

“Applicant Borrower” has the meaning specified in Section 2.14. 

“Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender
or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Assignee Group”
means two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds managed by the same investment advisor. 
 “Assignment and Assumption” means an assignment and assumption entered into by a Lender and an assignee (with the consent of any party whose consent is required by
Section 10.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit D-1 or any other form approved by the Administrative Agent. 

“Attributable Indebtedness” means, on any date, (a) in respect of any capital lease of any Person, the capitalized
amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, and (b) in respect of any Synthetic Lease Obligation, the capitalized amount of the remaining lease payments under the relevant
lease that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were accounted for as a capital lease. 
 “Audited Financial Statements” means the audited consolidated balance sheet of the Company and its Subsidiaries for the fiscal year ended January 29, 2011, and the related
consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Company and its Subsidiaries, including the notes thereto. 

“Availability Period” means the period from and including the Closing Date to the earliest of (a) the Maturity
Date, (b) the date of termination of the Aggregate Commitments 

  
 - 3 -

 
pursuant to Section 2.06, and (c) the date of termination of the commitment of each Lender to make Loans and of the obligation of the L/C Issuer to make L/C Credit Extensions
pursuant to Section 8.02. 
 “Bank Product Agreements” means agreements relating to credit cards,
credit card processing services, debit cards, purchase cards, ACH transactions, cash management, including controlled disbursement, accounts or services. 
 “Bank Product Obligations” means all Obligations in connection with a Bank Product Agreement. 
 “Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day as
publicly announced from time to time by HSBC at its principal office in New York City as its “prime rate” and (c) the LIBO Rate for a one month interest period plus 1%. The “prime rate” is a rate set by HSBC based upon
various factors including HSBC’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such
rate announced by HSBC shall take effect at the opening of business on the day specified in the public announcement of such change. 
 “Base Rate Committed Loan” means a Committed Loan that is a Base Rate Loan. 
 “Base Rate Loan” means a Loan that bears interest based on the Base Rate. All Base Rate Loans shall be denominated in Dollars. 

“Borrower” and “Borrowers” each has the meaning specified in the introductory paragraph hereto.

 “Borrower Materials” has the meaning specified in Section 6.02. 

“Borrowing” means a Committed Borrowing, as the context may require. 

“Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to
close under the Laws of, or are in fact closed, in New York, and: 
 (a) if such day relates to any interest rate
settings as to a LIBO Rate Loan denominated in Dollars, any fundings, disbursements, settlements and payments in Dollars in respect of any such LIBO Rate Loan, or any other dealings in Dollars to be carried out pursuant to this Agreement in respect
of any such LIBO Rate Loan, means any such day on which dealings in deposits in Dollars are conducted by and between banks in the London interbank market; 
 (b) if such day relates to any interest rate settings as to a LIBO Rate Loan denominated in Euro, any fundings, disbursements, settlements and payments in Euro in respect of any such LIBO Rate Loan, or
any other dealings in Euro to be carried out pursuant to this Agreement in respect of any such LIBO Rate Loan, means a TARGET Day; 

  
 - 4 -

 (c) if such day relates to any interest rate settings as to a LIBO Rate Loan
denominated in a currency other than Dollars or Euro, means any such day on which dealings in deposits in the relevant currency are conducted by and between banks in the London or other applicable offshore interbank market for such currency; and

 (d) if such day relates to any fundings, disbursements, settlements and payments in a currency other than
Dollars or Euro in respect of a LIBO Rate Loan denominated in a currency other than Dollars or Euro, or any other dealings in any currency other than Dollars or Euro to be carried out pursuant to this Agreement in respect of any such LIBO Rate Loan
(other than any interest rate settings), means any such day on which banks are open for foreign exchange business in the principal financial center of the country of such currency. 

“Canadian Borrowers Sublimit” means an amount equal to the lesser of the Aggregate Commitments and $25,000,000. The
Canadian Borrowers Sublimit is part of, and not in addition to, (a) the Aggregate Commitments and (b) the Alternate Currency Sublimit. 
 “Canadian Dollars” means the lawful money of Canada. 

“Cash Collateralize” has the meaning specified in Section 2.03(g). 

“Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption
or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation or application thereof by any Governmental Authority or (c) the making or issuance of
any request, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all
requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank of International Settlements, the Basel Committee on Banking Supervision (or
any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be determined to be a “Change in Law”, regardless of the date enacted, adopted or issued.

 “Change of Control” means the occurrence of any of the following events: (a) any Person or group
(within the meaning of Rule 13d-5 of the Securities Exchange Act of 1934 as in effect on the date hereof) shall own directly or indirectly, beneficially or of record, equity securities representing more than 33% of the aggregate ordinary voting
power represented by the issued and outstanding equity securities of the Company, (b) a majority of the seats (other than vacant seats) on the board of directors of the Company shall at any time be occupied by persons who were neither
(i) nominated by the board of directors of the Company nor (ii) appointed by directors so nominated or (c) any Person or two or more Persons acting in concert shall have acquired by contract or otherwise the power to exercise,
directly or indirectly, Control over the Company. 

  
 - 5 -

 “Closing Date” means the first date all the conditions precedent in
Section 4.01 are satisfied or waived in accordance with Section 10.01. 
 “Code” means
the Internal Revenue Code of 1986, as amended from time to time. 
 “Commitment” means, as to each Lender, its
obligation to (a) make Committed Loans to the Borrowers pursuant to Section 2.01 and (b) purchase participations in L/C Obligations, in an aggregate principal amount at any one time outstanding not to exceed the Dollar amount
set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this
Agreement. On the Closing Date, the total aggregate Commitment of all Lenders is $150,000,000. 
 “Committed
Borrowing” means a borrowing consisting of simultaneous Committed Loans of the same Type, in the same currency and, in the case of Eurocurrency Loans, having the same Interest Period made by each of the Lenders pursuant to
Section 2.01. 
 “Committed Loan” has the meaning specified in Section 2.01.

 “Committed Loan Notice” means a notice of (a) a Committed Borrowing, (b) a conversion of Committed
Loans from one Type to the other, or (c) a continuation of Eurocurrency Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A. 

“Company” has the meaning specified in the introductory paragraph hereto. 

“Compliance Certificate” means a certificate substantially in the form of Exhibit C. 

“Consolidated Capital Expenditures” means, for any period, for the Company and its Subsidiaries on a consolidated basis,
the sum of, without duplication, all expenditures made, directly or indirectly, by the Company and its Subsidiaries during such period, determined on a consolidated basis in accordance with GAAP, that are or should be reflected as additions to
property, plant or equipment or similar items reflected in the consolidated statement of cash flows of the Company and its Subsidiaries, or have a useful life of more than one year. 

“Consolidated EBITDAR” means, for any period, for the Company and its Subsidiaries on a consolidated basis, an amount
equal to Consolidated Net Income for such period plus  
 (a) the following to the extent deducted in calculating such
Consolidated Net Income: (i) Consolidated Interest Charges for such period, (ii) Consolidated Rental Expense for such period, (iii) the provision for Federal, state, local and foreign income taxes (excluding Federal, state, local and
foreign income tax credits of the Company) payable by the Company and its Subsidiaries for such period, (iv) depreciation and amortization expense, (v) non-cash compensation expenses, (vi) non-recurring non-cash charges (including
asset impairment charges and unrealized foreign currency losses) for such period, (vii) other non-recurring cash expenses of the Company and its Subsidiaries reducing such Consolidated Net Income for such period in an amount not to exceed
$20,000,000 in the aggregate in any four quarter test period, and minus  

  
 - 6 -

 (b) the following to the extent included in calculating such Consolidated Net Income:
(i) Federal, state, local and foreign income tax credits of the Company and its Subsidiaries for such period, (ii) all non-recurring non-cash items increasing Consolidated Net Income for such period (including, without limitation, foreign
currency gains), (iii) all non-recurring cash gains of the Company and its Subsidiaries increasing Consolidated Net income for such period, (iv) interest income for such period, and (v) any cash payments for such period that were
deducted in determining Consolidated Net Income and added back in determining Consolidated EBITDAR in a previous testing period under clause (a)(vi) above. 
 “Consolidated Fixed Charge Coverage Ratio” means, as of any date of determination, ratio of (a) Consolidated EBITDAR for the period of the four fiscal quarters most recently ended,
minus Consolidated Capital Expenditures for such period to (b) scheduled principal payments in respect of Indebtedness for such period plus Consolidated Rental Expense for such period plus Consolidated Interest Charges for
such period. 
 “Consolidated Funded Indebtedness” means, as of any date of determination, for the Company and
its Subsidiaries on a consolidated basis, the sum of (a) the outstanding principal amount of all obligations, whether current or long-term, for borrowed money (including Obligations hereunder) and all obligations evidenced by bonds, debentures,
notes, loan agreements or other similar instruments, (b) all purchase money Indebtedness, (c) all direct obligations (including contingent obligations) arising under letters of credit (but excluding trade letters of credit other than those
issued under this Agreement), bankers’ acceptances, bank guaranties and similar instruments, (d) all obligations in respect of the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of
business), (e) Attributable Indebtedness in respect of capital leases and Synthetic Lease Obligations, (f) without duplication, all Guarantees with respect to outstanding Indebtedness of the types specified in clauses (a) through
(e) above of Persons other than the Company or any Subsidiary and (g) all Indebtedness of the types referred to in clauses (a) through (f) above of any partnership or joint venture (other than a joint venture that is itself a
corporation or limited liability company) in which the Borrowers or a Subsidiary is a general partner or joint venturer, unless such Indebtedness is expressly made non-recourse to the Borrowers or such Subsidiary. It is understood that customer or
vendor deposits above shall not be included in the calculation of Consolidated Funded Indebtedness for purposes of this Agreement. 
 “Consolidated Interest Charges” means, for any period, for the Company and its Subsidiaries on a consolidated basis, the sum of (a) all interest, premium payments, debt discount,
fees, charges and related expenses of the Company and its Subsidiaries in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated as interest in
accordance with GAAP, and (b) the portion of rent expense of the Company and its Subsidiaries with respect to such period under capital leases that is treated as interest in accordance with GAAP. 

“Consolidated Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Funded
Indebtedness as of such date plus the product of (x) six (6) multiplied by (y) Consolidated Rental Expense for the four fiscal quarter period ending as of the most recently ended fiscal quarter to
(b) Consolidated EBITDAR for the period of the four fiscal quarters most recently ended. 

  
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 “Consolidated Net Income” means, for any period, for the Company and its
Subsidiaries on a consolidated basis, the net income of the Company and its Subsidiaries (excluding extraordinary gains and extraordinary losses) for that period. 
 “Consolidated Rental Expense” means, for any period, for the Company and its Subsidiaries on a consolidated basis, minimum rent, plus contingent rent, plus offices, distribution
facilities, equipment and other as presented in the Company’s public filings. 
 “Contractual Obligation”
means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

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

“Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit Extension. 

“Debt Rating” means, as of any date of determination, the rating as determined by either S&P or Moody’s
(collectively, the “Debt Ratings”) of the Company’s non-credit-enhanced, senior unsecured long-term debt. 

“Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship,
bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting
the rights of creditors generally. 
 “Default” means any event or condition that constitutes an Event of
Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default. 
 “Default
Rate” means (a) when used with respect to Obligations other than Letter of Credit Fees, an interest rate equal to (i) the Base Rate plus (ii) the Applicable Rate, if any, applicable to Base Rate Loans plus
(iii) 2% per annum; provided, however, that with respect to a Eurocurrency Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus
2% per annum, and (b) when used with respect to Letter of Credit Fees, a rate equal to the Applicable Rate plus 2% per annum. 
 “Defaulting Lender” means any Lender that (a) has failed to fund any portion of the Committed Loans or participations in L/C Obligations required to be funded by it hereunder within
one Business Day of the date required to be funded by it hereunder unless such failure has been cured, (b) has otherwise failed to pay over to the Administrative Agent, any L/C Issuer or any other Lender any other amount required to be paid by
it hereunder within one Business Day of the date when due, unless the subject of a good faith dispute or unless such failure has been cured, (c) has, or has a direct or indirect parent company that has, been deemed insolvent or become the
subject of a bankruptcy or insolvency proceeding, or had a receiver, conservator, 

  
 - 8 -

 
trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or a custodian appointed for it, (d) has notified
the Company, the Administrative Agent or any L/C Issuer that it does not intend to comply with its funding obligations or has made a public statement to that effect with respect to its funding obligations hereunder or under other agreements
generally in which it commits to extend credit (unless the subject of a good faith dispute or unless such failure has been cured), or (e) has failed, within three (3) Business Days after written request by the Administrative Agent, to
confirm in a manner satisfactory to the Administrative Agent or the Company that it will comply with its funding obligations; provided that any such Lender shall cease to be a Defaulting Lender under this clause (e) upon receipt of such
confirmation by the Administrative Agent in a manner reasonably satisfactory to the Administrative Agent. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under clauses (a) through (e) above shall be
conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender as of the date established therefor by the Administrative Agent in a written notice of such determination, which shall be delivered by the
Administrative Agent to the Company, each L/C Issuer, and each Lender promptly following such determination. 

“Designated Borrower” has the meaning specified in the introductory paragraph hereto. 

“Designated Borrower Sublimit” means an amount equal to the lesser of the Aggregate Commitments and $10,000,000. The
Designated Borrower Sublimit is part of, and not in addition to, the Aggregate Commitments. 
 “Designated Borrower
Notice” has the meaning specified in Section 2.14. 
 “Designated Borrower Request and Assumption
Agreement” has the meaning specified in Section 2.14. 
 “Disposition” or
“Dispose” means the sale, transfer, license, lease or other disposition (including any sale and leaseback transaction) of any property by any Person, including any sale, assignment, transfer or other disposal, with or without
recourse, of any notes or accounts receivable or any rights and claims associated therewith. 
 “Dollar” and
“$” mean lawful money of the United States. 
 “Dollar Equivalent” means, at any time,
(a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent or the L/C
Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency. 

“Domestic Subsidiary” means any Subsidiary that is organized under the laws of any political subdivision of the United
States. 
 “Eligible Assignee” means any Person that meets the requirements to be an assignee under
Section 10.06(b)(iii), (v) and (vi) (subject to such consents, if any, as may be required under Section 10.06(b)(iii)). 

  
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 “EMU” means the economic and monetary union in accordance with the Treaty
of Rome 1957, as amended by the Single European Act 1986, the Maastricht Treaty of 1992 and the Amsterdam Treaty of 1998. 

“EMU Legislation” means the legislative measures of the European Council for the introduction of, changeover to or
operation of a single or unified European currency. 
 “Environmental Laws” means any and all Federal, state,
local, and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the protection of the environment or
the release of any materials into the environment, including those related to hazardous substances or wastes, air emissions and discharges to waste or public systems. 
 “Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the
Borrowers, any other Loan Party or any of their respective Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or
disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement
pursuant to which liability is assumed or imposed with respect to any of the foregoing. 
 “Equity Interests”
means, with respect to any Person, all of the shares of capital stock of (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital
stock of (or other ownership or profit interests in) such Person, all of the securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the
purchase or acquisition from such Person of such shares (or such other interests), and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether
or not such shares, warrants, options, rights or other interests are outstanding on any date of determination. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with the Company within
the meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 
 “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by the Company or any ERISA Affiliate from a Pension Plan subject to
Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a
complete or partial withdrawal by the Company or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in 

  
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reorganization; (d) the filing of a notice of intent to terminate, the treatment of a Plan amendment as a termination under Section 4041 or 4041A of ERISA, or the commencement of
proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) an event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension
Plan or Multiemployer Plan; or (f) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon the Company or any ERISA Affiliate. 

“Euro” and “EUR” mean the lawful currency of the Participating Member States introduced in accordance
with the EMU Legislation. 
 “Eurocurrency Loan” means a Committed Loan that bears interest at a rate based on
the Adjusted LIBO Rate. Eurocurrency Loans may be denominated in Dollars or in an Alternative Currency. All Committed Loans denominated in an Alternative Currency must be Eurocurrency Loans. 

“Event of Default” has the meaning specified in Section 8.01. 

“Excluded Subsidiary” means (a) any Foreign Subsidiary (other than a Foreign Borrower) and (b) any other
Subsidiary (other than a Borrower) with assets that do not exceed $25,000,000 individually or $50,000,000 in the aggregate for all such Subsidiaries as of the date of the most recent audited financial statements delivered to the Administrative Agent
and the Lenders pursuant to Section 6.01 of this Agreement or on the date of occurrence of any event described in Sections 8.01(f) and (g). 
 “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, the L/C Issuer or any other recipient of any payment to be made by or on account of any obligation of any
Borrower hereunder, (a) taxes imposed on or measured by its overall net income (however denominated), and franchise taxes (in lieu of net income taxes), in each case, (i) imposed on it, by the jurisdiction (or any political subdivision
thereof) under the Laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable Lending Office is located or (ii) that are Other Connection Taxes, (b) any
branch profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which such Borrower is located, (c) any backup withholding tax that is required by the Code to be withheld from amounts payable to a
Lender that has failed to comply with clause (A) of Section 3.01(e)(ii), (d) in the case of a Foreign Lender (other than an assignee pursuant to a request by the Company under Section 10.13), any United States
withholding tax that (i) is required to be imposed on amounts payable to such Foreign Lender pursuant to the Laws in force at the time such Foreign Lender becomes a party hereto (or designates a new Lending Office) or (ii) is attributable
to such Foreign Lender’s failure or inability (other than as a result of a Change in Law) to comply with clause (B) of Section 3.01(e)(ii), except to the extent that such Foreign Lender (or its assignor, if any) was entitled,
at the time of designation of a new Lending Office (or assignment), to receive additional amounts from such Borrower with respect to such withholding tax pursuant to Section 3.01(a)(ii) or (iii) and (e) any U.S. federal
withholding taxes imposed under FATCA. Notwithstanding anything to the contrary contained in this definition, “Excluded Taxes” shall not include any withholding tax imposed at any time on payments made by or on behalf of a Foreign Obligor
to any Lender hereunder or under any other Loan Document, provided that such Lender shall have complied with its obligations, if any, under Section 3.01(e)(i). 

  
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 “Existing Letters of Credit” means those letters of credit listed on
Schedule 1.01. 
 “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement
(or any amended or successor version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof. 

“Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight
Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if
such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such
next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to HSBC on such day on such transactions as determined by the Administrative
Agent. 
 “Fee Letter” means the letter agreement, dated January 3, 2012, among the Company and the
Administrative Agent. 
 “Foreign Borrower” means any Borrower that is not a U.S. Borrower. 

“Foreign Lender” means, with respect to any Borrower, any Lender that is organized under the Laws of a jurisdiction
other than that in which such Borrower is resident for tax purposes (including such a Lender when acting in the capacity of the L/C Issuer). For purposes of this definition, the United States, each State thereof and the District of Columbia shall be
deemed to constitute a single jurisdiction. 
 “Foreign Obligor” means a Loan Party that is a Foreign
Subsidiary. 
 “Foreign Subsidiary” means any Subsidiary that is organized under the laws of a jurisdiction
other than the United States, a State thereof or the District of Columbia. 
 “FRB” means the Board of
Governors of the Federal Reserve System of the United States. 
 “Fund” means any Person (other than a natural
person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities. 

“GAAP” means generally accepted accounting principles in the United States set forth in the opinions and pronouncements
of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or such other principles as may be approved by a significant segment of the
accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently applied. 

  
 - 12 -

 “Governmental Authority” means the government of the United States or any
other nation, or of any political subdivision thereof, whether state, provincial or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing,
regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 
 “Guarantee” means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other
obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply
funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment
or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the
primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to
protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation of any other Person, whether or not such Indebtedness or other obligation is
assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary
obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The term
“Guarantee” as a verb has a corresponding meaning. 
 “Hazardous Materials” means all explosive or
radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical
wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law. 
 “Immaterial
Subsidiary” means a Subsidiary identified by the Company to the Administrative Agent as an Immaterial Subsidiary, provided that at no time shall revenues, assets or Consolidated EBITDAR of the Immaterial Subsidiaries exceed
$5,000,000 in the aggregate. 

  
 - 13 -

 “Indebtedness” means, as to any Person at a particular time, without
duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP: 
 (a) all obligations of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments; 

(b) all direct or contingent obligations of such Person arising under letters of credit (including standby and
commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; 
 (c) net
obligations of such Person under any Swap Contract; 
 (d) all obligations of such Person to pay the deferred
purchase price of property or services (other than trade accounts payable in the ordinary course of business); 

(e) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such
Person (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse; 

(f) capital leases and Synthetic Lease Obligations; 

(g) all obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment in respect of any
Equity Interest in such Person or any other Person, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends; and 

(h) all Guarantees of such Person in respect of any of the foregoing. 

For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a
joint venture that is itself a corporation or limited liability company) in which such Person is a general partner or a joint venturer, unless such Indebtedness is expressly made non-recourse to such Person. The amount of any net obligation under
any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as of such date. The amount of any capital lease or Synthetic Lease Obligation as of any date shall be deemed to be the amount of Attributable Indebtedness in
respect thereof as of such date. 
 “Indemnified Taxes” means Taxes other than Excluded Taxes. 

“Indemnitees” has the meaning specified in Section 10.04(b). 

“Information” has the meaning specified in Section 10.07. 

“Intangible Assets” means assets that are considered to be intangible assets under GAAP, including customer lists,
goodwill, computer software, copyrights, trade names, trademarks, patents, franchises, licenses, unamortized deferred charges, unamortized debt discount and capitalized research and development costs. 

  
 - 14 -

 “Interest Payment Date” means, (a) as to any Loan other than a Base
Rate Loan, the last day of each Interest Period applicable to such Loan and the Maturity Date; provided, however, that if any Interest Period for a Eurocurrency Loan exceeds three months, the respective dates that fall every three
months after the beginning of such Interest Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan, the last Business Day of each March, June, September and December and the Maturity Date. 

“Interest Period” means, as to each Eurocurrency Loan, the period commencing on the date such Eurocurrency Loan is
disbursed or converted to or continued as a Eurocurrency Loan and ending on the date one, two, three or six months thereafter, as selected by the Company in its Committed Loan Notice; provided that (i) any Interest Period that would
otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day,
(ii) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of
the calendar month at the end of such Interest Period, and (iii) no Interest Period shall extend beyond the Maturity Date. 

“Investment” means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means
of (a) the purchase or other acquisition of capital stock or other securities of another Person, (b) a loan, advance or capital contribution to, Guarantee or assumption of debt of, or purchase or other acquisition of any other debt or
equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person and any arrangement pursuant to which the investor Guarantees Indebtedness of such other Person, or (c) the purchase
or other acquisition (in one transaction or a series of transactions) of assets of another Person that constitute a business unit. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without
adjustment for subsequent increases or decreases in the value of such Investment. 
 “IP Rights” has the
meaning specified in Section 5.18. 
 “IRS” means the United States Internal Revenue Service.

 “ISP” means, with respect to any Letter of Credit, the “International Standby Practices 1998”
published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance). 
 “Issuer Documents” means with respect to any Letter of Credit, the Letter of Credit Application, and any other document, agreement and instrument entered into by the L/C Issuer and the
applicable Borrower (or any Subsidiary) or in favor of the L/C Issuer and relating to such Letter of Credit. 
 “Joint
Bookrunners” means each of HSBC and PNC. 
 “Joint Lead Arrangers” means each of HSBC and PNC.

  
 - 15 -

 “Laws” means, collectively, all international, foreign, Federal, state,
provincial and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with
the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not
having the force of law. 
 “L/C Advance” means, with respect to each Lender, such Lender’s funding of its
participation in any L/C Borrowing in accordance with its Applicable Percentage. All L/C Advances shall be denominated in Dollars. 
 “L/C Borrowing” means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Committed
Borrowing. All L/C Borrowings shall be denominated in Dollars. 
 “L/C Credit Extension” means, with respect to
any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof. 

“L/C Issuer” means each of HSBC and PNC Bank in their respective capacities as issuers of Letters of Credit hereunder,
or any successor issuer of Letters of Credit hereunder. 
 “L/C Obligations” means, as at any date of
determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under
any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.09. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount
may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 

“Lender” has the meaning specified in the introductory paragraph hereto. 

“Lending Office” means, as to any Lender, the office or offices of such Lender described as such in such Lender’s
Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Company and the Administrative Agent. 
 “Letter of Credit” means any letter of credit issued hereunder and shall include the Existing Letters of Credit. A Letter of Credit may be a commercial letter of credit or a standby
letter of credit. Letters of Credit may be issued in Dollars or in an Alternative Currency. 
 “Letter of Credit
Application” means an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the L/C Issuer. 
 “Letter of Credit Expiration Date” means the day that is five days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

 “Letter of Credit Fee” has the meaning specified in Section 2.03(i). 

  
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 “Letter of Credit Sublimit” means an amount equal to $50,000,000. The
Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Commitments. 
 “LIBO Rate” means,
for any Interest Period with respect to a Eurocurrency Loan, the rate per annum equal to the British Bankers Association LIBO Rate (“BBA LIBO”), as published by Bloomberg (or other commercially available source providing quotations
of BBA LIBO as designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for deposits in the relevant currency (for delivery on the first
day of such Interest Period) with a term equivalent to such Interest Period. If such rate is not available at such time for any reason, then the “LIBO Rate” for such Interest Period shall be the rate per annum determined by the
Administrative Agent to be the rate at which deposits in the relevant currency for delivery on the first day of such Interest Period in Same Day Funds in the approximate amount of the Eurocurrency Loan being made, continued or converted by HSBC and
with a term equivalent to such Interest Period would be offered by HSBC’s London Branch (or other HSBC branch or Affiliate) to major banks in the London or other offshore interbank market for such currency at their request at approximately
11:00 a.m. (London time) two Business Days prior to the commencement of such Interest Period. 
 “Lien” means
any mortgage, pledge, hypothecation, assignment, encumbrance, lien (statutory or other), charge, or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional
sale or other title retention agreement, any easement, right of way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing). 

“Loan” means an extension of credit by a Lender to a Borrower under Article II in the form of a Committed Loan.

 “Loan Documents” means this Agreement, each Designated Borrower Request and Assumption Agreement, each Note,
each Issuer Document, the Fee Letter and the Subsidiary Guaranty. 
 “Loan Parties” means, collectively, the
Borrowers, each Subsidiary Guarantor and each Designated Borrower. 
 “Material Adverse Effect” means any
event, development or circumstance that has had or is reasonably likely to have a material adverse effect on (a) the business, assets, property, or condition (financial or otherwise) of the Borrowers and their respective subsidiaries taken as a
whole, or (b) the validity or enforceability of any of the Loan Documents or the rights or remedies of the Administrative Agent and the Lenders thereunder. 
 “Maturity Date” means March 2, 2017; provided, however, that if such date is not a Business Day, the Maturity Date shall be the next preceding Business Day. 

“Multiemployer Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which
the Company or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. 

  
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 “Non-Consenting Lender” means any Lender that has failed to consent to a
proposed amendment, waiver or consent, which pursuant to the terms of Section 10.01 requires the consent of all of the Lenders affected and with respect to which the Required Lenders shall have granted their consent. 

“Non-Loan Party” means any Subsidiary of the Company that is not a Loan Party. 

“Note” means a promissory note made by a Borrower in favor of a Lender evidencing Loans made by such Lender to such
Borrower, substantially in the form of Exhibit B. 
 “Obligations” means (a) all advances to, and
debts, liabilities, obligations, covenants and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan or Letter of Credit, whether direct or indirect (including those acquired by assumption), absolute or
contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such
Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding and (b) any obligations of a Loan Party owing to a Lender or Affiliate thereof under any Swap Contract or Bank Product
Agreement. 
 “Organization Documents” means, (a) with respect to any corporation, the certificate or
articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or organization
and operating agreement; (c) with respect to an unlimited liability company, the memorandum of association and the articles of association, as applicable; and (d) with respect to any partnership, joint venture, trust or other form of
business entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the
applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of such entity. 

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

“Other Taxes” means all present or future stamp or documentary taxes or any other excise or property taxes, charges or
similar levies arising from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document, except any such Taxes that are Other
Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 10.13). 

  
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 “Outstanding Amount” means (i) with respect to Committed Loans on any
date, the Dollar Equivalent amount of the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of such Committed Loans occurring on such date and (ii) with respect to any L/C
Obligations on any date, the Dollar Equivalent amount of the aggregate outstanding amount of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on such date and any other changes in the aggregate amount of
the L/C Obligations as of such date, including as a result of any reimbursements by the Borrowers of Unreimbursed Amounts. 

“Overnight Rate” means, for any day, (a) with respect to any amount denominated in Dollars, the greater of
(i) the Federal Funds Rate and (ii) an overnight rate determined by the Administrative Agent or the L/C Issuer, as the case may be, in accordance with banking industry rules on interbank compensation, and (b) with respect to any
amount denominated in an Alternative Currency, the rate of interest per annum at which overnight deposits in the applicable Alternative Currency, in an amount approximately equal to the amount with respect to which such rate is being determined,
would be offered for such day by a branch or Affiliate of HSBC in the applicable offshore interbank market for such currency to major banks in such interbank market. 
 “Participant” has the meaning specified in Section 10.06(d). 
 “Participating Member State” means each state so described in any EMU Legislation.] 
 “PBGC” means the Pension Benefit Guaranty Corporation. 

“Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of
ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Company or any ERISA Affiliate or to which the Company or any ERISA Affiliate contributes or has an obligation to contribute, or in
the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years. 
 “Permitted Guarantees” shall mean (a) warranties or indemnities made in the ordinary course of business and in connection financing or acquisitions permitted hereunder, (b) any
indemnities by any the Company or any of its Subsidiaries of any liability of its directors, officers and employees in their capacities as such as permitted by applicable law, (c) any contingent liability arising from the endorsement of
negotiable or other instruments for deposit or collection or similar transactions in the ordinary course of business, and (d) indemnities in respect of statutory obligations, bonding agreements, brokerage and deposit agreements, engagement
letters, commitment letters, and agreements for, acquisitions, divestures and other like agreements, and any continuing liability of the Company or its Subsidiaries as a lessee under a lease after such lease has been assigned or subleased by such
Person. 
 “Permitted Investments” means: 

(a) direct obligations of the United States Treasury; 

  
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 (b) certificates of deposit and banker’s acceptances of domestic or
foreign banking institutions with total assets in excess of US$1,000,000,000 and which are rated S&P and Moody’s A-1/P-1 or the equivalent; 
 (c) corporate debt instruments (including Rule 144A debt securities) which are denominated and payable in U.S. dollars and are issued by companies which carry a rating of A1/A+ or better, or in the case
of commercial paper are rated A2/P2 or better; 
 (d) asset-backed securities of auto and credit card receivables
issuers carrying an S&P rating of AAA or better; 
 (e) auction preferred stock and auction rate certificates
that, (i) at the date of purchase are (or were at the date of purchase) rated at least AA by S&P (or the equivalent) and (ii) at the date of purchase have (or had at the date of purchase) not more than 180 days until the next auction;

 (f) short-term tax exempt debt obligations of Governmental Authorities consisting of municipal notes,
commercial paper, auction rate notes and floating rate notes rated A1/P1 by S&P and Moody’s, municipal notes rated SP1/MIG-1 or better and bonds rated AA or better; 

(g) United States money market funds that comply with the requirements of Rule 2a-7 under the Investment Company Act of
1940 and are rated as least AA/Aa by S&P and Moody’s; and 
 (h) other Investments (and not for
acquisitions) that are made pursuant to the investment policy approved by the Company’s board of directors, as well as Investments in any auction rate security or similar investment in respect of which the Company or any Subsidiary as of the
Closing Date has repurchase rights. 
 “Person” means any natural person, corporation, limited liability
company, unlimited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 
 “Plan” means any “employee benefit plan” (as such term is defined in Section 3(3) of ERISA) established by the Company or, with respect to any such plan that is subject to
Section 412 of the Code or Title IV of ERISA, any ERISA Affiliate. 
 “Platform” has the meaning specified
in Section 6.02. 
 “Pro Forma Basis” means, with respect to any transaction, for purposes of
determining compliance with the financial covenants in Section 7.14 hereof, that such transaction shall be deemed to have occurred as of the first day of the period of four consecutive fiscal quarters ending as of the end of the most
recent fiscal quarter for which annual or quarterly financial statements shall have been delivered in accordance with the provisions hereof. In furtherance thereof, for purposes of making calculations on a “Pro Forma Basis” hereunder,
(a) in the case of any acquisition contemplated by Section 7.02(f), (i) income statement items (whether positive or negative) attributable to the property, entities or business units that are the subject thereof shall

  
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be included to the extent relating to any period prior to the date thereof and (ii) Indebtedness incurred in connection with such transaction (if any), shall be deemed to have been incurred
as of the first day of the applicable period (and interest expense shall be imputed for the applicable period assuming prevailing interest rates hereunder or the documents pursuant to which the relevant Indebtedness and interest expense shall be
incurred, if applicable); (b) in the case of any calculation with respect to the making of any Restricted Payment contemplated by Section 7.06(d), Indebtedness incurred in connection with such payment (if any) shall be deemed to
have occurred at the first day of the applicable period (and interest expense shall be imputed for the applicable period assuming prevailing interest rates hereunder or the documents pursuant to which the relevant Indebtedness and interest expense
shall be incurred, if applicable); and (c) in connection with the calculation of “acquired” or “disposed” EBITDAR, and of “acquired” or “disposed” components of the Consolidated Fixed Charge Coverage
Ratio provided for in Section 7.14(c), income statement items (whether positive or negative) attributable to the property, entities or business units that are the subject thereof shall be included (or excluded, as the case may be) to the
extent relating to any period prior to the date thereof. 
 “Public Lender” has the meaning specified in
Section 6.02. 
 “Register” has the meaning specified in Section 10.06(c). 

“Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors,
officers, employees, agents, trustees and advisors of such Person and of such Person’s Affiliates. 
 “Reportable
Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30 day notice period has been waived. 
 “Request for Credit Extension” means (a) with respect to a Borrowing, conversion or continuation of Committed Loans, a Committed Loan Notice and (b) with respect to an L/C
Credit Extension, a Letter of Credit Application. 
 “Required Lenders” means, as of any date of determination,
Lenders having more than 50% of the Aggregate Commitments or, if the commitment of each Lender to make Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 8.02, Lenders
holding in the aggregate more than 50% of the Total Outstandings (with the aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations being deemed “held” by such Lender for purposes of this
definition); provided that the Commitment of, and the portion of the Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. 

“Responsible Officer” means the chief executive officer, president, chief financial officer, treasurer, assistant
treasurer or controller of a Loan Party. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on
the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 

  
 - 21 -

 “Restricted Payment” means any dividend or other distribution (whether in
cash, securities or other property) with respect to any Equity Interest of the Company or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase,
redemption, retirement, acquisition, cancellation or termination of any such capital stock or other Equity Interest, or on account of any return of capital to the Company’s or such Subsidiary’s stockholders, partners or members (or the
equivalent Person thereof). 
 “Revaluation Date” means (a) with respect to any Loan, each of the
following: (i) each date of a Borrowing of a Eurocurrency Loan denominated in an Alternative Currency, (ii) each date of a continuation of a Eurocurrency Loan denominated in an Alternative Currency pursuant to Section 2.02, and
(iii) such additional dates as the Administrative Agent shall reasonably determine or the Required Lenders shall reasonably require; and (b) with respect to any Letter of Credit, each of the following: (i) each date of issuance of a
Letter of Credit denominated in an Alternative Currency, (ii) each date of an amendment of any such Letter of Credit having the effect of increasing the amount thereof (solely with respect to the increased amount), (iii) each date of any
payment by the L/C Issuer under any Letter of Credit denominated in an Alternative Currency, (iv) in the case of the Existing Letters of Credit, the Closing Date, and (v) such additional dates as the Administrative Agent or the L/C Issuer
shall determine or the Required Lenders shall require. 
 “Same Day Funds” means (a) with respect to
disbursements and payments in Dollars, immediately available funds, and (b) with respect to disbursements and payments in an Alternative Currency, same day or other funds as may be determined by the Administrative Agent or the L/C Issuer, as
the case may be, to be customary in the place of disbursement or payment for the settlement of international banking transactions in the relevant Alternative Currency. 
 “SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions. 

“Special Notice Currency” means at any time an Alternative Currency, other than the currency of a country that is a
member of the Organization for Economic Cooperation and Development at such time located in North America or Europe. 

“Specified Obligations” means (i) any Letter of Credit for which the Company has provided Cash Collateral in
accordance with the terms hereof and (ii) any obligations of a Loan Party owing to a Lender or Affiliate thereof under any Swap Contract or Bank Product Agreement. 
 “Spot Rate” for a currency means the rate determined by the Administrative Agent or the L/C Issuer, as applicable (which is calculated by giving reference to the applicable electronic
page of Bloomberg, or on the appropriate page of any successor to or substitution for such service), to be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency
through its principal foreign exchange trading office at approximately 11:00 a.m. on the date two Business Days prior to the date as of which the foreign exchange computation is made; provided that the Administrative

  
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Agent or the L/C Issuer may obtain such spot rate from another financial institution designated by the Administrative Agent or the L/C Issuer if the Person acting in such capacity does not have
as of the date of determination a spot buying rate for any such currency; and provided further that the L/C Issuer may use such spot rate quoted on the date as of which the foreign exchange computation is made in the case of any Letter
of Credit denominated in an Alternative Currency. 
 “Sterling” and “£” mean the lawful
currency of the United Kingdom. 
 “Subsidiary” of a Person means a corporation, partnership, joint venture,
limited liability company or other business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such
power only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise
specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of a Borrower. 
 “Subsidiary Guarantors” means, collectively, each existing and future direct and indirect Subsidiary that is a party to the Subsidiary Guaranty. 

“Subsidiary Guaranty” means the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Administrative
Agent and the Lenders, substantially in the form of Exhibit E. 
 “Swap Contract” means (a) any and
all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or
options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency
rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or
subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps
and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such
obligations or liabilities under any Master Agreement. 
 “Swap Obligations” means Obligations in connection
with a Swap Contract. 
 “Swap Termination Value” means, in respect of any one or more Swap Contracts, after
taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance
therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the 

  
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mark-to- market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts
(which may include a Lender or any Affiliate of a Lender). 
 “Syndication Agent” means PNC Bank. 

“Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a so-called synthetic, off-balance
sheet or tax retention lease, or (b) an agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be
characterized as the indebtedness of such Person (without regard to accounting treatment). 
 “TARGET Day”
means any day on which the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET) payment system (or, if such payment system ceases to be operative, such other payment system (if any) determined by the Administrative
Agent to be a suitable replacement) is open for the settlement of payments in Euro. 
 “Taxes” means all
present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable
thereto. 
 “Terminated Facilities” means (a) the $60,000,000 credit line with PNC
Bank as provided in that certain Third Amended and Restated Discretionary Line of Credit Demand Note, dated May 21, 2010, as most recently amended May 3, 2011, (b) the CAD $25,000,000 credit line with Royal Bank of Canada as provided
in that certain Letter Agreement, dated November 20, 2009, as most recently amended December 9, 2010, and (c) the $50,000,000 credit line with HSBC as provided in that certain Amended & Restated Uncommitted Revolving Credit
Agreement, dated March 30, 2011, as most recently amended April 18, 2011.1 
 “Threshold Amount” means $17,500,000. 

“Total Outstandings” means the aggregate Outstanding Amount of all Loans and all L/C Obligations. 

“Trade Facilities” means (a) the $100,000,000 trade facility governed by that certain Amended and Restated
Continuing Letter of Credit Agreement, dated December 15, 2011, among The Hong Kong and Shanghai Banking Corporation Limited, the Company and certain of the Company’s subsidiaries; and (b) the $35,000,000 trade facility governed by
that certain Commercial Letter of Credit Agreement between the Company and Wells Fargo Bank, National Association, and any trade facilities arising out of the replacement, substitution, refinancing, extension, renewal or refunding of any such trade
facilities. 
 “Type” means, with respect to a Committed Loan, its character as a Base Rate Loan or a
Eurocurrency Loan. 
  
  

	1 	 Certain of the letters of credit under the Terminated Facilities will be rolled into this facility as “Existing Letters of Credit”.

  
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 “Unfunded Pension Liability” means the excess of a Pension Plan’s
benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the
applicable plan year. 
 “United States” and “U.S.” mean the United States of America.

 “Unreimbursed Amount” has the meaning specified in Section 2.03(c)(i). 

“Unused Line Fee” has the meaning specified in Section 2.09(a). 

“U.S. Borrower” means any Borrower that is organized under the laws of any State in the United States. 

1.02 Other Interpretive Provisions. With reference to this Agreement and each other Loan Document, unless otherwise
specified herein or in such other Loan Document: 
 (a) The definitions of terms herein shall apply equally to the singular and
plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including”
shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise,
(i) any definition of or reference to any agreement, instrument or other document (including any Organization Document) shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented
or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein or in any other Loan Document), (ii) any reference herein to any Person shall be construed to include such Person’s
successors and assigns, (iii) the words “herein,” “hereof” and “hereunder,” and words of similar import when used in any Loan Document, shall be construed to refer to such Loan Document in its
entirety and not to any particular provision thereof, (iv) all references in a Loan Document to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, the Loan Document
in which such references appear, (v) any reference to any law shall include all statutory and regulatory provisions consolidating, amending, replacing or interpreting such law and any reference to any law or regulation shall, unless otherwise
specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer
to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 
 (b)
In the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including;” the words “to” and “until” each mean “to
but excluding;” and the word “through” means “to and including.” 
 (c) Section
headings herein and in the other Loan Documents are included for convenience of reference only and shall not affect the interpretation of this Agreement or any other Loan Document. 

  
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 1.03 Accounting Terms. (a) Generally. All accounting terms not
specifically or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity
with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the Audited Financial Statements, except as otherwise specifically prescribed herein. 

(b) Changes in GAAP. If at any time any change in GAAP would affect the computation of any financial ratio or requirement set
forth in any Loan Document, and either the Company or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Company shall negotiate in good faith to amend such ratio or requirement to preserve the original intent
thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change
therein and (ii) the Company shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between
calculations of such ratio or requirement made before and after giving effect to such change in GAAP. 
 1.04
Rounding. Any financial ratios required to be maintained by the Borrower pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of
places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number). 
 1.05 Exchange Rates; Currency Equivalents. (a) The Administrative Agent or the L/C Issuer, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used
for calculating Dollar Equivalent amounts of Credit Extensions and Outstanding Amounts denominated in Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any
amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by Loan Parties hereunder or calculating financial covenants hereunder or except as otherwise provided herein,
the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent amount as so determined by the Administrative Agent or the L/C Issuer, as applicable. 

(b) Wherever in this Agreement in connection with a Committed Borrowing, conversion, continuation or prepayment of a Eurocurrency Loan or
the issuance, amendment or extension of a Letter of Credit, an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Committed Borrowing, Eurocurrency Loan or Letter of Credit is denominated in an Alternative
Currency, such amount shall be the relevant Alternative Currency Equivalent of such Dollar amount (rounded to the nearest unit of such Alternative Currency, with 0.5 of a unit being rounded upward), as determined by the Administrative Agent or the
L/C Issuer, as the case may be. 
 1.06 Additional Alternative Currencies. (a) The Company may from
time to time request that Eurocurrency Loans be made and/or Letters of Credit be issued in a currency other 

  
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than those specifically listed in the definition of “Alternative Currency;” provided that such requested currency is a lawful currency (other than Dollars) that is readily
available and freely transferable and convertible into Dollars. In the case of any such request with respect to the making of Eurocurrency Loans, such request shall be subject to the approval of the Administrative Agent and the Lenders; and in the
case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the L/C Issuer. 
 (b) Any such request shall be made to the Administrative Agent not later than 11:00 a.m., twenty (20) Business Days prior to the date of the desired Credit Extension (or such other time or date as
may be agreed by the Administrative Agent and, in the case of any such request pertaining to Letters of Credit, the L/C Issuer, in its or their sole discretion). In the case of any such request pertaining to Eurocurrency Loans, the Administrative
Agent shall promptly notify each Lender thereof; and in the case of any such request pertaining to Letters of Credit, the Administrative Agent shall promptly notify the L/C Issuer thereof. Each Lender (in the case of any such request pertaining to
Eurocurrency Loans) or the L/C Issuer (in the case of a request pertaining to Letters of Credit) shall notify the Administrative Agent, not later than 11:00 a.m., ten (10) Business Days after receipt of such request whether it consents, in its
sole discretion, to the making of Eurocurrency Loans or the issuance of Letters of Credit, as the case may be, in such requested currency. 
 (c) Any failure by a Lender or the L/C Issuer, as the case may be, to respond to such request within the time period specified in the preceding sentence shall be deemed to be a refusal by such Lender or
the L/C Issuer, as the case may be, to permit Eurocurrency Loans to be made or Letters of Credit to be issued in such requested currency. If the Administrative Agent and all the Lenders consent to making Eurocurrency Loans in such requested
currency, the Administrative Agent shall so notify the Company and such currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any Committed Borrowings of Eurocurrency Loans; and if the
Administrative Agent and the L/C Issuer consent to the issuance of Letters of Credit in such requested currency, the Administrative Agent shall so notify the Company and such currency shall thereupon be deemed for all purposes to be an Alternative
Currency hereunder for purposes of any Letter of Credit issuances. If the Administrative Agent shall fail to obtain consent to any request for an additional currency under this Section 1.06, the Administrative Agent shall promptly so
notify the Company. Any specified currency of an Existing Letter of Credit that is neither Dollars nor one of the Alternative Currencies specifically listed in the definition of “Alternative Currency” shall be deemed an Alternative
Currency with respect to such Existing Letter of Credit only. 
 1.07 Change of Currency. Each obligation of the
Borrowers to make a payment denominated in the national currency unit of any member state of the European Union that adopts the Euro as its lawful currency after the date hereof shall be redenominated into Euro at the time of such adoption (in
accordance with the EMU Legislation). If, in relation to the currency of any such member state, the basis of accrual of interest expressed in this Agreement in respect of that currency shall be inconsistent with any convention or practice in the
London interbank market for the basis of accrual of interest in respect of the Euro, such expressed basis shall be replaced by such convention or practice with effect from the date on which such member state adopts the Euro as its lawful currency;
provided that if any Committed Borrowing in the 

  
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currency of such member state is outstanding immediately prior to such date, such replacement shall take effect, with respect to such Committed Borrowing, at the end of the then current Interest
Period. 
 (a) Each provision of this Agreement shall be subject to such reasonable changes of construction as the
Administrative Agent may from time to time specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any relevant market conventions or practices relating to the Euro. 

(b) Each provision of this Agreement also shall be subject to such reasonable changes of construction as the Administrative Agent may
from time to time specify to be appropriate to reflect a change in currency of any other country and any relevant market conventions or practices relating to the change in currency. 

1.08 Times of Day. Unless otherwise specified, all references herein to times of day shall be references to Eastern time
(daylight or standard, as applicable). 
 1.09 Letter of Credit Amounts. Unless otherwise specified herein, the
amount of a Letter of Credit at any time shall be deemed to be the Dollar Equivalent of the stated amount of such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms
or the terms of any Issuer Document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the Dollar Equivalent of the maximum stated amount of such
Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time. 

ARTICLE II. 

THE COMMITMENTS AND CREDIT EXTENSIONS 
 2.01 Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Borrowers
in Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided,
however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such
Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Lender’s Commitment, (iii) the aggregate Outstanding Amount of all Committed Loans made to the Designated Borrowers shall not exceed
the Designated Borrower Sublimit, (iv) the aggregate Outstanding Amount of all Committed Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit and (v) the aggregate Outstanding Amount of all
Committed Loans made to the Canadian Borrowers shall not exceed the Canadian Borrowers Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this
Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Loans, as further provided herein. Each Lender at its option may make any
Eurocurrency Loan by causing any domestic of foreign branch or Affiliate of such Lender to make such Loan, provided that the exercise of such right shall not affect the obligation of the Borrowers to repay such Loan in accordance with the
terms of this Agreement. 

  
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 2.02 Borrowings, Conversions and Continuations of Committed Loans. 

(a) Each Committed Borrowing, each conversion of Committed Loans from one Type to the other, and each continuation of Eurocurrency Loans
shall be made upon the Company’s irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative Agent not later than 11:00 a.m. (i) three Business Days prior to the
requested date of any Borrowing of, conversion to or continuation of Eurocurrency Loans denominated in Dollars or of any conversion of Eurocurrency Loans denominated in Dollars to Base Rate Committed Loans, (ii) four Business Days (or five
Business Days in the case of a Special Notice Currency) prior to the requested date of any Borrowing or continuation of Eurocurrency Loans denominated in Alternative Currencies, and (iii) on the requested date of any Borrowing of Base Rate
Committed Loans. Each telephonic notice by the Company pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a written Committed Loan Notice, appropriately completed and signed by a
Responsible Officer of the Company. Each Borrowing of, conversion to or continuation of Eurocurrency Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Except as provided in Sections
2.03(c) and 2.04(c), each Committed Borrowing of or conversion to Base Rate Committed Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof. Each Committed Loan Notice (whether telephonic or
written) shall specify (i) whether the Company is requesting a Committed Borrowing, a conversion of Committed Loans from one Type to the other, or a continuation of Eurocurrency Loans, (ii) the requested date of the Borrowing, conversion
or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Committed Loans to be borrowed, converted or continued, (iv) the Type of Committed Loans to be borrowed or to which existing Committed Loans
are to be converted, (v) if applicable, the duration of the Interest Period with respect thereto, (vi) the currency of the Committed Loans to be borrowed, and (vii) the applicable Borrower or, if applicable, Designated Borrower. If
the Company fails to specify a currency in a Committed Loan Notice requesting a Borrowing, then the Committed Loans so requested shall be made in Dollars. If the Company fails to specify a Type of Committed Loan in a Committed Loan Notice or if the
Company fails to give a timely notice requesting a conversion or continuation, then the applicable Committed Loans shall be made as, or converted to, Base Rate Loans; provided, however, that in the case of a failure to timely request a
continuation of Committed Loans denominated in an Alternative Currency, such Loans shall be continued as Eurocurrency Loans in their original currency with an Interest Period of one month. Any automatic conversion to Base Rate Loans shall be
effective as of the last day of the Interest Period then in effect with respect to the applicable Eurocurrency Loans. If the Company requests a Borrowing of, conversion to, or continuation of Eurocurrency Loans in any such Committed Loan Notice, but
fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. No Committed Loan may be converted into or continued as a Committed Loan denominated in a different currency, but instead must be prepaid in
the original currency of such Committed Loan and reborrowed in the other currency. 

  
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 (b) Following receipt of a Committed Loan Notice, the Administrative Agent shall promptly
notify each Lender of the amount (and currency) of its Applicable Percentage of the applicable Committed Loans, and if no timely notice of a conversion or continuation is provided by the Company, the Administrative Agent shall notify each Lender of
the details of any automatic conversion to Base Rate Loans or continuation of Committed Loans denominated in a currency other than Dollars, in each case as described in the preceding subsection. In the case of a Committed Borrowing, each Lender
shall make the amount of its Committed Loan available to the Administrative Agent in Same Day Funds at the Administrative Agent’s Office for the applicable currency not later than 1:00 p.m., in the case of any Committed Loan denominated in
Dollars, and not later than the Applicable Time specified by the Administrative Agent in the case of any Committed Loan in an Alternative Currency, in each case on the Business Day specified in the applicable Committed Loan Notice. Upon satisfaction
of the applicable conditions set forth in Section 4.02 (and, if such Borrowing is the initial Credit Extension, Section 4.01), the Administrative Agent shall make all funds so received available to the Company or the other
applicable Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of such Borrower on the books of HSBC with the amount of such funds or (ii) wire transfer of such funds, in each case in
accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Company; provided, however, that if, on the date the Committed Loan Notice with respect to such Borrowing denominated in Dollars is
given by the Company, there are L/C Borrowings outstanding, then the proceeds of such Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and, second, shall be made available to the applicable Borrower
as provided above. 
 (c) Except as otherwise provided herein, a Eurocurrency Loan may be continued or converted only on the
last day of an Interest Period for such Eurocurrency Loan. During the existence of a Default, no Loans may be requested as, converted to or continued as Eurocurrency Loans (whether in Dollars or any Alternative Currency) without the consent of the
Required Lenders, and the Required Lenders may demand that any or all of the then outstanding Eurocurrency Loans denominated in an Alternative Currency be prepaid, or redenominated into Dollars in the amount of the Dollar Equivalent thereof, on the
last day of the then current Interest Period with respect thereto. 
 (d) The Administrative Agent shall promptly notify the
Company and the Lenders of the interest rate applicable to any Interest Period for Eurocurrency Loans upon determination of such interest rate. At any time that Base Rate Loans are outstanding, the Administrative Agent shall notify the Company and
the Lenders of any change in HSBC’s prime rate used in determining the Base Rate promptly following the public announcement of such change. 
 (e) After giving effect to all Committed Borrowings, all conversions of Committed Loans from one Type to the other, and all continuations of Committed Loans as the same Type, there shall not be more than
eight Interest Periods in effect with respect to Committed Loans. 

  
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 2.03 Letters of Credit. 

(a) The Letter of Credit Commitment. 
 (i) Subject to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in reliance upon the agreements of the Lenders set forth in this Section 2.03, (1) from time to
time on any Business Day during the period from the Closing Date until the Letter of Credit Expiration Date, to issue Letters of Credit denominated in Dollars or in one or more Alternative Currencies for the account of the Borrowers or their
Subsidiaries, and to amend or extend Letters of Credit previously issued by it, in accordance with subsection (b) below, and (2) to honor drawings under the Letters of Credit; and (B) the Lenders severally agree to participate in
Letters of Credit issued for the account of the Borrowers or their Subsidiaries and any drawings thereunder; provided that after giving effect to any L/C Credit Extension with respect to any Letter of Credit, (x) the Total Outstandings
shall not exceed the Aggregate Commitments, (y) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such
Lender’s Commitment, and (z) the Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit Sublimit. Each request by the Company for the issuance or amendment of a Letter of Credit shall be deemed to be a
representation by the Company that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence. Within the foregoing limits, and subject to the terms and conditions hereof, the
Borrowers’ ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrowers may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and
reimbursed. All Existing Letters of Credit shall be deemed to have been issued pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof. 

(ii) The L/C Issuer shall not issue any Letter of Credit, if: 

(A) subject to Section 2.03(b)(iii), the expiry date of such requested Letter of Credit would occur more than twelve
months after the date of issuance or last extension, unless the Required Lenders have approved such expiry date; or 
 (B) the expiry date of such requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless all the Lenders have approved such expiry date. 

(iii) The L/C Issuer shall not be under any obligation to issue any Letter of Credit if: 

(A) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or
restrain the L/C Issuer from issuing such Letter of Credit, or any Law applicable to the L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over the L/C Issuer shall
prohibit, or 

  
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request that the L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon the L/C Issuer with respect to such Letter of
Credit any restriction, reserve or capital requirement (for which the L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon the L/C Issuer any unreimbursed loss, cost or expense which was not
applicable on the Closing Date and which the L/C Issuer in good faith deems material to it; 
 (B) the issuance
of such Letter of Credit would violate one or more policies of the L/C Issuer applicable to letters of credit generally; 
 (C) except as otherwise agreed by the Administrative Agent and the L/C Issuer, such Letter of Credit is in an initial stated amount less than $50,000, in the case of a commercial Letter of Credit, or
$50,000, in the case of a standby Letter of Credit; 
 (D) except as otherwise agreed by the Administrative Agent
and the L/C Issuer, such Letter of Credit is to be denominated in a currency other than Dollars or an Alternative Currency; 
 (E) the L/C Issuer does not as of the issuance date of such requested Letter of Credit issue Letters of Credit in the requested currency; or 

(F) a default of any Lender’s obligations to fund under Section 2.03(c) exists or any Lender is at such
time a Defaulting Lender hereunder, unless the L/C Issuer has entered into satisfactory arrangements with the Borrowers or such Lender to eliminate the L/C Issuer’s risk with respect to such Lender. 

(iv) The L/C Issuer shall not amend any Letter of Credit if the L/C Issuer would not be permitted at such time to issue
such Letter of Credit in its amended form under the terms hereof. 
 (v) The L/C Issuer shall be under no
obligation to amend any Letter of Credit if (A) the L/C Issuer would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept
the proposed amendment to such Letter of Credit. 
 (vi) The L/C Issuer shall act on behalf of the Lenders with
respect to any Letters of Credit issued by it and the documents associated therewith, and the L/C Issuer shall have all of the benefits and immunities (A) provided to the Administrative Agent in Article IX with respect to any acts taken
or omissions suffered by the L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in
Article IX included the L/C Issuer with respect to such acts or omissions, and (B) as additionally provided herein with respect to the L/C Issuer. 

  
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 (b) Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of
Credit. 
 (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the
Company delivered to the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Company. Such Letter of Credit Application must be
received by the L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as the Administrative Agent and the L/C Issuer may agree in a particular instance in their sole discretion)
prior to the proposed issuance date or date of amendment, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer:
(A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount and currency thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the
documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; (G) the purpose and nature of the requested Letter
of Credit; and (H) such other matters as the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C
Issuer (A) the Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the L/C Issuer may require.
Additionally, the Company shall furnish to the L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer
or the Administrative Agent may require. 
 (ii) Promptly after receipt of any Letter of Credit Application, the
L/C Issuer will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the Company and, if not, the L/C Issuer will provide the Administrative
Agent with a copy thereof. Unless the L/C Issuer has received written notice from any Lender, the Administrative Agent or any Loan Party, at least one Business Day prior to the requested date of issuance or amendment of the applicable Letter of
Credit, that one or more applicable conditions contained in Article IV shall not then be satisfied, then, subject to the terms and conditions hereof, the L/C Issuer shall, on the requested date, issue a Letter of Credit for the account of the
applicable Borrower (or the applicable Subsidiary) or enter into the applicable amendment, as the case may be, in each case in accordance with the L/C Issuer’s usual and customary business practices. Immediately upon the issuance of each Letter
of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the L/C Issuer a risk participation in such Letter of Credit in an amount equal to the product of such Lender’s Applicable Percentage
times the amount of such Letter of Credit. 
 (iii) If the Company so requests in any applicable Letter of
Credit Application, the L/C Issuer may, in its sole and absolute discretion, agree to issue a Letter of Credit 

  
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that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that any such Auto-Extension Letter of Credit must permit the L/C
Issuer to prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day (the “Non-Extension Notice
Date”) in each such twelve-month period to be agreed upon at the time such Letter of Credit is issued. Unless otherwise directed by the L/C Issuer, the Company shall not be required to make a specific request to the L/C Issuer for any such
extension. Once an Auto-Extension Letter of Credit has been issued, the Lenders shall be deemed to have authorized (but may not require) the L/C Issuer to permit the extension of such Letter of Credit at any time to an expiry date not later than the
Letter of Credit Expiration Date; provided, however, that the L/C Issuer shall not permit any such extension if (A) the L/C Issuer has determined that it would not be permitted, or would have no obligation, at such time to issue
such Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the provisions of clause (ii) or (iii) of Section 2.03(a) or otherwise), or (B) it has received notice (which may be by telephone
or in writing) on or before the day that is seven Business Days before the Non-Extension Notice Date (1) from the Administrative Agent that the Required Lenders have elected not to permit such extension or (2) from the Administrative
Agent, any Lender or the Company that one or more of the applicable conditions specified in Section 4.02 is not then satisfied, and in each such case directing the L/C Issuer not to permit such extension. 

(iv) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with
respect thereto or to the beneficiary thereof, the L/C Issuer will also deliver to the Company and the Administrative Agent a true and complete copy of such Letter of Credit or amendment. 

(c) Drawings and Reimbursements; Funding of Participations. 

(i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the
L/C Issuer shall notify the Company and the Administrative Agent thereof. In the case of a Letter of Credit denominated in an Alternative Currency, the Borrowers shall reimburse the L/C Issuer in such Alternative Currency, unless (A) the L/C
Issuer (at its option) shall have specified in such notice that it will require reimbursement in Dollars, or (B) in the absence of any such requirement for reimbursement in Dollars, the Company shall have notified the L/C Issuer promptly
following receipt of the notice of drawing that the Borrowers will reimburse the L/C Issuer in Dollars. In the case of any such reimbursement in Dollars of a drawing under a Letter of Credit denominated in an Alternative Currency, the L/C Issuer
shall notify the Company of the Dollar Equivalent of the amount of the drawing promptly following the determination thereof. Not later than 11:00 a.m. on the date of any payment by the L/C Issuer under a Letter of Credit to be reimbursed in Dollars,
or the Applicable Time on the date of any payment by the L/C Issuer under a Letter of Credit to be reimbursed in an Alternative Currency (each such date, an “Honor Date”), the Borrowers shall reimburse the L/C Issuer through the
Administrative Agent in an amount equal to the amount of such drawing and in the applicable currency. If the Borrowers fail to so reimburse the L/C Issuer by such time, the Administrative Agent shall promptly notify each Lender of

  
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the Honor Date, the amount of the unreimbursed drawing (expressed in Dollars in the amount of the Dollar Equivalent thereof in the case of a Letter of Credit denominated in an Alternative
Currency) (the “Unreimbursed Amount”), and the amount of such Lender’s Applicable Percentage thereof. In such event, the Company shall be deemed to have requested a Committed Borrowing of Base Rate Loans to be disbursed on the
Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the
Aggregate Commitments and the conditions set forth in Section 4.02 (other than the delivery of a Committed Loan Notice). Any notice given by the L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may
be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice. 

(ii) Each Lender shall upon any notice pursuant to Section 2.03(c)(i) make funds available to the
Administrative Agent for the account of the L/C Issuer, in Dollars, at the Administrative Agent’s Office for Dollar-denominated payments in an amount equal to its Applicable Percentage of the Unreimbursed Amount not later than 1:00 p.m. on the
Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Lender that so makes funds available shall be deemed to have made a Base Rate Committed Loan to the
applicable Borrower in such amount. The Administrative Agent shall remit the funds so received to the L/C Issuer in Dollars. 
 (iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Committed Borrowing of Base Rate Loans because the conditions set forth in Section 4.02 cannot be satisfied or
for any other reason, the Borrowers shall be deemed to have incurred from the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with
interest) and shall bear interest at the Default Rate. In such event, each Lender’s payment to the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its
participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under this Section 2.03. 

(iv) Until each Lender funds its Committed Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse
the L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender’s Applicable Percentage of such amount shall be solely for the account of the L/C Issuer. 

(v) Each Lender’s obligation to make Committed Loans or L/C Advances to reimburse the L/C Issuer for amounts drawn
under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which
such Lender may have against the L/C Issuer, the Borrowers, any Subsidiary or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not
similar to any of 

  
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the foregoing; provided, however, that each Lender’s obligation to make Committed Loans pursuant to this Section 2.03(c) is subject to the conditions set forth in
Section 4.02 (other than delivery by the Company of a Committed Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Borrowers to reimburse the L/C Issuer for the amount of any payment
made by the L/C Issuer under any Letter of Credit, together with interest as provided herein. 
 (vi) If any
Lender fails to make available to the Administrative Agent for the account of the L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in
Section 2.03(c)(ii), the L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date
on which such payment is immediately available to the L/C Issuer at a rate per annum equal to the applicable Overnight Rate from time to time in effect, plus any administrative, processing or similar fees customarily charged by the L/C Issuer in
connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Committed Loan included in the relevant Committed Borrowing or L/C Advance in respect of the
relevant L/C Borrowing, as the case may be. A certificate of the L/C Issuer submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be conclusive absent manifest error.

 (d) Repayment of Participations. 

(i) At any time after the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such
Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon
(whether directly from the Company or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof in Dollars and in the same
funds as those received by the Administrative Agent. 
 (ii) If any payment received by the Administrative Agent
for the account of the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by the L/C Issuer in its
discretion), each Lender shall pay to the Administrative Agent for the account of the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is
returned by such Lender, at a rate per annum equal to the applicable Overnight Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this
Agreement. 
 (e) Obligations Absolute. The obligation of the Borrowers to reimburse the L/C Issuer for each
drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the following:

 (i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other Loan
Document; 

  
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 (ii) the existence of any claim, counterclaim, setoff, defense or other
right that the Borrowers or any Subsidiary may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), the L/C Issuer or any other
Person, whether in connection with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; 

(iii) any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged,
fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of
Credit; 
 (iv) any payment by the L/C Issuer under such Letter of Credit against presentation of a draft or
certificate that does not strictly comply with the terms of such Letter of Credit; or any payment made by the L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the
benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; 

(v) any adverse change in the relevant exchange rates or in the availability of the relevant Alternative Currency to the
Borrowers or any Subsidiary or in the relevant currency markets generally; or 
 (vi) any other circumstance or
happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrowers or any Subsidiary. 

The Company shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event
of any claim of noncompliance with the Company’s instructions or other irregularity, the Company will immediately notify the L/C Issuer. The Company shall be conclusively deemed to have waived any such claim against the L/C Issuer and its
correspondents unless such notice is given as aforesaid. 
 (f) Role of L/C Issuer. Each Lender and the Borrowers
agree that, in paying any drawing under a Letter of Credit, the L/C Issuer shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain
or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document. None of the L/C Issuer, the Administrative Agent, any of their respective Related Parties nor any correspondent,
participant or assignee of the L/C Issuer shall be liable to any Lender for (i) any action taken or 

  
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omitted in connection herewith at the request or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any action taken or omitted in the absence of gross negligence
or willful misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Issuer Document. The Borrowers hereby assume all risks of the acts or omissions of any
beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude the Borrowers’ pursuing such rights and remedies as it may have against
the beneficiary or transferee at law or under any other agreement. None of the L/C Issuer, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the L/C Issuer shall be liable or
responsible for any of the matters described in clauses (i) through (vi) of Section 2.03(e); provided, however, that anything in such clauses to the contrary notwithstanding, the Borrowers may have a claim against
the L/C Issuer, and the L/C Issuer may be liable to the Borrowers, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by the Borrowers caused by the L/C Issuer’s willful misconduct
or gross negligence or the L/C Issuer’s willful failure to pay under any Letter of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of
Credit. In furtherance and not in limitation of the foregoing, the L/C Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary,
and the L/C Issuer shall not be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in
part, which may prove to be invalid or ineffective for any reason. 
 (g) Cash Collateral. (i) Upon the request of
the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C
Obligation for any reason remains outstanding, the Borrowers shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations. 

(ii) In addition, if the Administrative Agent notifies the Company at any time that the Outstanding Amount of all L/C
Obligations at such time exceeds 105% of the Letter of Credit Sublimit then in effect, then, within two Business Days after receipt of such notice, the Borrowers shall Cash Collateralize the L/C Obligations in an amount equal to the amount by which
the Outstanding Amount of all L/C Obligations exceeds the Letter of Credit Sublimit. 
 (iii) The Administrative
Agent may, at any time and from time to time after the initial deposit of Cash Collateral, request that additional Cash Collateral be provided in an amount reasonably necessary in order to protect against the results of exchange rate fluctuations.

 (iv) Sections 2.05 and 8.02(c) set forth certain additional requirements to deliver Cash
Collateral hereunder. For purposes of this Section 2.03, Section 2.05 and Section 8.02(c), “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the
benefit of the L/C Issuer and the Lenders, as collateral for 

  
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the L/C Obligations, cash or deposit account balances in designated cash collateral accounts at HSBC pursuant to documentation in form and substance satisfactory to the Administrative Agent, the
L/C Issuer and the Company (which documents are hereby consented to by the Lenders). Derivatives of such term have corresponding meanings. In any such event, the Borrowers hereby grant to the Administrative Agent, for the benefit of the L/C Issuer
and the Lenders, a security interest in all such designated deposit accounts and all cash and balances therein and all proceeds of the foregoing. Cash Collateral shall be maintained in blocked, non-interest bearing deposit accounts at HSBC.

 (v) Release. Cash Collateral (or the appropriate portion thereof) provided pursuant to this Agreement
shall be released promptly following (i) the elimination of the applicable event or other obligations giving rise thereto or (ii) the good faith determination of the Administrative Agent and the L/C Issuer (which determination shall not be
unreasonably withheld or delayed) that there exists excess Cash Collateral (including following the Company’s request); provided, however, that Cash Collateral furnished by or on behalf of any Borrower shall not be released during the
continuance of a Default or Event of Default. 
 (h) Applicability of ISP and UCP. Unless otherwise expressly
agreed by the L/C Issuer and the Company when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), (i) the rules of the ISP shall apply to each standby Letter of Credit, and (ii) the rules
of the Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of Commerce at the time of issuance shall apply to each commercial Letter of Credit. 

(i) Letter of Credit Fees. The Borrowers shall pay to the Administrative Agent for the account of each Lender in accordance with
its Applicable Percentage, in Dollars, a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit issued and outstanding equal to the Applicable Rate times the Dollar Equivalent of the daily amount
available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.09.
Letter of Credit Fees shall be (i) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of
Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be
computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the Required Lenders, while any
Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate. 
 (j) Fronting Fee and Documentary and
Processing Charges Payable to L/C Issuer. The Borrowers shall pay directly to the L/C Issuer for its own account, in Dollars, a fronting fee with respect to each Letter of Credit, at the rate per annum equal to .125%, computed on the
Dollar Equivalent of the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth Business Day 

  
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after the end of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first
such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter
of Credit shall be determined in accordance with Section 1.09. In addition, the Borrowers shall pay directly to the L/C Issuer for its own account, in Dollars, the customary issuance, presentation, amendment and other processing fees,
and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable. 

(k) Conflict with Issuer Documents. In the event of any conflict between the terms hereof and the terms of any Issuer Document,
the terms hereof shall control. 
 (l) Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit
issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrowers (other than a Foreign Borrower, which shall be liable only for Letters of Credit issued on the account of other Foreign
Borrowers or Foreign Subsidiaries, except, (i) to the extent such joint and several liability would result in a violation of applicable Law or otherwise subject such Foreign Borrower to an adverse tax consequence, and (ii) the
Administrative Agent has agreed with the Company’s determination thereof and consented to such revisions to a Foreign Borrower’s Designated Borrower Request and Assumption Agreement, or such other appropriate documentation, in order to
mitigate such result) shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrowers hereby acknowledge that the issuance of Letters of Credit for the account of Subsidiaries inures to
the benefit of the Borrowers, and that the Borrowers’ business derives substantial benefits from the businesses of such Subsidiaries. 
 2.04 Reserved. 
 2.05 Prepayments. (a) Each Borrower may,
upon notice from the Company to the Administrative Agent, at any time or from time to time voluntarily prepay Committed Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the
Administrative Agent not later than 11:00 a.m. (A) three Business Days prior to any date of prepayment of Eurocurrency Loans denominated in Dollars, (B) four Business Days (or five, in the case of prepayment of Loans denominated in Special
Notice Currencies) prior to any date of prepayment of Eurocurrency Loans denominated in Alternative Currencies, and (C) on the date of prepayment of Base Rate Committed Loans; (ii) any prepayment of Eurocurrency Loans denominated in
Dollars shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof; (iii) any prepayment of Eurocurrency Loans denominated in Alternative Currencies shall be in a minimum principal amount of $5,000,000 or a
whole multiple of $1,000,000 in excess thereof; and (iv) any prepayment of Base Rate Committed Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal
amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Committed Loans to be prepaid and, if Eurocurrency Loans are to be prepaid, the Interest Period(s) of such Loans. The
Administrative Agent will promptly notify each Lender of its receipt of each such 

  
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notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Company, the applicable Borrower shall make such prepayment and the
payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurocurrency Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required
pursuant to Section 3.05. Each such prepayment shall be applied to the Committed Loans of the Lenders in accordance with their respective Applicable Percentages. 
 (b) Reserved. 
 (c) If the Administrative Agent notifies the Company at any time
that the Total Outstandings at such time exceed an amount equal to 105% of the Aggregate Commitments then in effect, then, within two Business Days after receipt of such notice, the Borrowers shall prepay Loans and/or the Company shall Cash
Collateralize the L/C Obligations in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Aggregate Commitments then in effect; provided, however, that,
subject to the provisions of Section 2.03(g)(ii), the Borrowers shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(c) unless after the prepayment in full of the Loans, the Total
Outstandings exceed the Aggregate Commitments then in effect. The Administrative Agent may, at any time and from time to time after the initial deposit of such Cash Collateral, request that additional Cash Collateral be provided in order to protect
against the results of further exchange rate fluctuations. 
 (d) (i) If the Administrative Agent notifies the Company at any
time that the Outstanding Amount of all Loans denominated in Alternative Currencies at such time exceeds an amount equal to 105% of the Alternative Currency Sublimit then in effect, then, within three Business Days after receipt of such notice, the
Borrowers shall prepay Loans in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Alternative Currency Sublimit then in effect. 

(ii) If the Administrative Agent notifies the Company at any time that the Outstanding Amount of all Loans made to the
Canadian Borrowers at such time exceeds an amount equal to 105% of the Canadian Borrowers Sublimit then in effect, then, within three Business Days after receipt of such notice, the Borrowers shall prepay Loans in an aggregate amount sufficient to
reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Canadian Borrowers Sublimit then in effect. 
 2.06 Termination or Reduction of Commitments. The Company may, upon notice to the Administrative Agent, terminate the Aggregate Commitments, or from time to time permanently reduce the
Aggregate Commitments; provided that (i) any such notice shall be received by the Administrative Agent not later than 11:00 a.m. five Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall
be in an aggregate amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the Company shall not terminate or reduce the Aggregate Commitments if, after giving effect thereto and to any concurrent prepayments
hereunder, the Total Outstandings would exceed the Aggregate Commitments, and (iv) if, after giving effect to any reduction of the Aggregate Commitments, 

  
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the Alternative Currency Sublimit, the Canadian Borrowers Sublimit or the Letter of Credit Sublimit exceeds the amount of the Aggregate Commitments, such Sublimit shall be automatically reduced
by the amount of such excess. The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Commitments. The amount of any such Aggregate Commitment reduction shall not be applied to the
Alternative Currency Sublimit, the Canadian Borrowers Sublimit or the Letter of Credit Sublimit unless otherwise specified by the Company. Any reduction of the Aggregate Commitments shall be applied to the Commitment of each Lender according to its
Applicable Percentage. All fees accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the effective date of such termination. 
 2.07 Repayment of Loans. The Borrowers shall repay to the Lenders on the Maturity Date the aggregate principal amount of Committed Loans made to the Borrowers outstanding on such date.

 2.08 Interest. (a) Subject to the provisions of subsection (b) below, (i) each Eurocurrency Loan
shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the LIBO Rate for such Interest Period plus the Applicable Rate and (ii) each Base Rate Committed Loan shall bear
interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate. 
 (b) (i) If any amount of principal of any Loan is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, such amount shall thereafter
bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. 
 (ii) If any amount (other than principal of any Loan) payable by any Borrower under any Loan Document is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by
acceleration or otherwise, then upon the request of the Required Lenders, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws.

 (iii) Upon the request of the Required Lenders, while any Event of Default exists, the Borrowers shall pay
interest on the principal amount of all outstanding Obligations (other than Swap Obligations and Bank Product Obligations) hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by
applicable Laws. 
 (iv) Accrued and unpaid interest on past due amounts (including interest on past due
interest) shall be due and payable upon demand. 
 (c) Interest on each Loan shall be due and payable in arrears on each
Interest Payment Date applicable thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any
proceeding under any Debtor Relief Law. 

  
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 (d) For the purposes of the Interest Act (Canada), (i) whenever a rate of interest or
fee rate hereunder is calculated on the basis of a year (the “deemed year”) that contains fewer days than the actual number of days in the calendar year of calculation, such rate of interest or fee rate shall be expressed as a yearly rate
by multiplying such rate of interest or fee rate by the actual number of days in the calendar year of calculation and dividing it by the number of days in the deemed year, (ii) the principle of deemed reinvestment of interest shall not apply to
any interest calculation hereunder and (iii) the rates of interest stipulated herein are intended to be nominal rates and not effective rates or yields. 
 2.09 Fees. In addition to certain fees described in subsections (i) and (j) of Section 2.03: 
 (a) Unused Line Fee. The Borrowers shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a fee (the “Unused Line Fee”)
in Dollars equal to the Applicable Rate times the average daily unused amount of the Aggregate Commitments. The Unused Line Fee shall accrue at all times during the Availability Period, including at any time during which one or more of the
conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last
day of the Availability Period (and, if applicable, thereafter on demand. The Unused Line Fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the average daily unused amount shall be
computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. For the avoidance of doubt, the face amount of any outstanding Letters of Credit shall count as usage for purposes
of calculating the average daily unused amount. 
 (b) Other Fees. (i) The Borrowers shall pay to the
Administrative Agent for their own respective accounts, in Dollars, fees in the amounts and at the times specified in the Fee Letter. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

(i) The Borrowers shall pay to the Lenders, in Dollars, such fees as shall have been separately agreed upon in writing in
the amounts and at the times so specified. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 
 2.10 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate. 
 (a) All computations of interest for Base Rate Loans when the Base Rate is determined by HSBC’s “prime rate” shall be made on the basis of a year of 365 or 366 days, as the case may be, and
actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or 

  
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interest, as applicable, being paid than if computed on the basis of a 365-day year), or, in the case of interest in respect of Committed Loans denominated in Alternative Currencies as to which
market practice differs from the foregoing, in accordance with such market practice. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or
such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day. Each determination by the Administrative Agent of an interest rate or
fee hereunder shall be conclusive and binding for all purposes, absent manifest error. 
 (b) If, as a result of any restatement
of or other adjustment to the financial statements of the Borrowers or for any other reason, the Company or the Lenders determine that (i) the Consolidated Leverage Ratio as calculated by the Company as of any applicable date was inaccurate and
(ii) a proper calculation of the Consolidated Leverage Ratio would have resulted in higher pricing for such period, each Borrower shall immediately and retroactively be obligated to pay to the Administrative Agent for the account of the
applicable Lenders or the L/C Issuer, as the case may be, promptly on demand by the Administrative Agent (or, after the occurrence of an actual or deemed entry of an order for relief with respect to any Borrower under the Bankruptcy Code of the
United States, automatically and without further action by the Administrative Agent, any Lender or the L/C Issuer), an amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of
interest and fees actually paid for such period. This paragraph shall not limit the rights of the Administrative Agent, any Lender or the L/C Issuer, as the case may be, under Section 2.03(c)(iii), 2.03(i) or 2.08(b) or
under Article VIII. The Borrower’s obligations under this paragraph shall survive the termination of the Aggregate Commitments and the repayment of all other Obligations hereunder. 

2.11 Evidence of Debt. (a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts
or records maintained by such Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the
Credit Extensions made by the Lenders to the Borrowers and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrowers hereunder to pay any amount
owing with respect to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the
Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender to a Borrower made through the Administrative Agent, such Borrower shall execute and deliver to such Lender (through the Administrative Agent) a
Note, which shall evidence such Lender’s Loans to such Borrower in addition to such accounts or records. Each Lender may attach schedules to a Note and endorse thereon the date, Type (if applicable), amount, currency and maturity of its Loans
and payments with respect thereto. 
 (b) In addition to the accounts and records referred to in subsection (a), each Lender and
the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit. In the event of any conflict between the accounts and records
maintained by the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. 

  
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 2.12 Payments Generally; Administrative Agent’s Clawback.
(a) General. All payments to be made by the Borrowers shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein and except with respect to
principal of and interest on Loans denominated in an Alternative Currency, all payments by the Borrowers hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable
Administrative Agent’s Office in Dollars and in Same Day Funds not later than 2:00 p.m. on the date specified herein. Except as otherwise expressly provided herein, all payments by the Borrowers hereunder with respect to principal and interest
on Loans denominated in an Alternative Currency shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s Office in such Alternative Currency and
in Same Day Funds not later than the Applicable Time specified by the Administrative Agent on the dates specified herein. Without limiting the generality of the foregoing, the Administrative Agent may require that any payments due under this
Agreement be made in the United States. If, for any reason, any Borrower is prohibited by any Law from making any required payment hereunder in an Alternative Currency, such Borrower shall make such payment in Dollars in the Dollar Equivalent of the
Alternative Currency payment amount. The Administrative Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such
Lender’s Lending Office. All payments received by the Administrative Agent (i) after 2:00 p.m., in the case of payments in Dollars, or (ii) after the Applicable Time specified by the Administrative Agent in the case of payments in an
Alternative Currency, shall in each case be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be made by any Borrower shall come due on a day other than a Business Day,
payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be. 
 (b) (i) Funding by Lenders; Presumption by Administrative Agent. Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Committed Borrowing of
Eurocurrency Loans (or, in the case of any Committed Borrowing of Base Rate Loans, prior to 12:00 noon on the date of such Committed Borrowing) that such Lender will not make available to the Administrative Agent such Lender’s share of such
Committed Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.02 (or, in the case of a Committed Borrowing of Base Rate Loans, that such Lender has made
such share available in accordance with and at the time required by Section 2.02) and may, in reliance upon such assumption, make available to the applicable Borrower a corresponding amount. In such event, if a Lender has not in fact
made its share of the applicable Committed Borrowing available to the Administrative Agent, then the applicable Lender and the applicable Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in
Same Day Funds with interest thereon, for each day from and including the date such amount is made available to such Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the case of a payment to be made by such
Lender, the Overnight Rate, plus any 

  
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administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing, and (B) in the case of a payment to be made by such Borrower, the
interest rate applicable to Base Rate Loans. If such Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to such Borrower the amount of
such interest paid by such Borrower for such period. If such Lender pays its share of the applicable Committed Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Committed Loan included in such
Committed Borrowing. Any payment by such Borrower shall be without prejudice to any claim such Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent. 

(ii) Payments by Borrowers; Presumptions by Administrative Agent. Unless the Administrative Agent shall have
received notice from a Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the L/C Issuer hereunder that such Borrower will not make such payment, the Administrative Agent may assume
that such Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the L/C Issuer, as the case may be, the amount due. In such event, if such Borrower has not in fact
made such payment, then each of the Lenders or the L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the L/C Issuer, in Same Day Funds with interest
thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the Overnight Rate. 
 A notice of the Administrative Agent to any Lender or Borrower with respect to any amount owing under this subsection (b) shall be conclusive, absent manifest error. 

(c) Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for
any Loan to be made by such Lender to any Borrower as provided in the foregoing provisions of this Article II, and such funds are not made available to such Borrower by the Administrative Agent because the conditions to the applicable Credit
Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest. 

(d) Obligations of Lenders Several. The obligations of the Lenders hereunder to make Committed Loans, to fund
participations in Letters of Credit and to make payments pursuant to Section 10.04(c) are several and not joint. The failure of any Lender to make any Committed Loan, to fund any such participation or to make any payment under
Section 10.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Committed
Loan, to purchase its participation or to make its payment under Section 10.04(c). 
 (e) Funding Source.
Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular
place or manner. 

  
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 2.13 Sharing of Payments by Lenders. If any Lender shall, by exercising any
right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of the Committed Loans made by it, or the participations in L/C Obligations held by it resulting in such Lender’s receiving payment
of a proportion of the aggregate amount of such Committed Loans or participations and accrued interest thereon greater than its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall (a) notify
the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Committed Loans and subparticipations in L/C Obligations of the other Lenders, or make such other adjustments as shall be equitable, so that
the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Committed Loans and other amounts owing them, provided that: 

(i) if any such participations or subparticipations are purchased and all or any portion of the payment giving rise
thereto is recovered, such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 

(ii) the provisions of this Section shall not be construed to apply to (x) any payment made by a Borrower pursuant to
and in accordance with the express terms of this Agreement or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Committed Loans or subparticipations in L/C Obligations to any
assignee or participant, other than to the Borrowers or any Subsidiary thereof (as to which the provisions of this Section shall apply). 
 Each Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may
exercise against such Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Borrower in the amount of such participation. In connection with the exercise of any such
participation right, a Lender shall use reasonable commercial efforts to provide prior written notice to the Administrative Agent, provided that the failure to give such notice shall not affect the validity of such setoff. 

2.14 Designated Borrowers. 
 (a) The Company may at any time, upon not less than 15 Business Days’ notice from the Company to the Administrative Agent (or such shorter period as may be agreed by the Administrative Agent in its
sole discretion), designate any Subsidiary of the Company (an “Applicant Borrower”) as a Designated Borrower to receive Loans hereunder by delivering to the Administrative Agent (which shall promptly deliver counterparts thereof to
each Lender) a duly executed notice and agreement in substantially the form of Exhibit F (a “Designated Borrower Request and Assumption Agreement”). The parties hereto acknowledge and agree that prior to any Applicant
Borrower becoming entitled to utilize the credit facilities provided 

  
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for herein the Administrative Agent and the Lenders shall have received such supporting resolutions, incumbency certificates, opinions of counsel and other documents or information, in form,
content and scope reasonably satisfactory to the Administrative Agent, as may be required by the Administrative Agent or the Required Lenders in their sole discretion, and Notes signed by such new Borrowers to the extent any Lenders so require. If
the Administrative Agent and the Required Lenders agree that an Applicant Borrower shall be entitled to receive Loans hereunder, then promptly following receipt of all such requested resolutions, incumbency certificates, opinions of counsel and
other documents or information, the Administrative Agent shall send a notice in substantially the form of Exhibit G (a “Designated Borrower Notice”) to the Company and the Lenders specifying the effective date upon
which the Applicant Borrower shall constitute a Designated Borrower for purposes hereof, whereupon each of the Lenders agrees to permit such Designated Borrower to receive Loans hereunder, on the terms and conditions set forth herein (including, but
not limited to the conditions set forth in Section 4.02 hereof), and each of the parties agrees that such Designated Borrower otherwise shall be a Borrower for all purposes of this Agreement; provided that no Committed Loan Notice
or Letter of Credit Application may be submitted by or on behalf of such Designated Borrower until the date five Business Days after such effective date; provided further that no such Designated Borrower Notice shall become effective unless
each Lender shall have satisfactorily completed its “know your customer” process and any other legal requirements; and provided further, that effective as of the date hereof, the Required Lenders agree that a Subsidiary of the
Company to be formed and resident in The Netherlands may become a “Designated Borrower” pursuant hereto (subject to satisfaction of the other conditions set forth in this Section 2.14) without any requirement of further written
consent from the Required Lenders (but with the consent of the Administrative Agent). 
 (b) The Obligations of the Borrowers
shall be joint and several in nature, to the extent and subject to the limitations set forth in Section 10.22. 

(c) Each Subsidiary of the Company that becomes a “Designated Borrower” pursuant to this Section 2.14 hereby
irrevocably appoints the Company as its agent for all purposes relevant to this Agreement and each of the other Loan Documents, including (i) the giving and receipt of notices, (ii) the execution and delivery of all documents, instruments
and certificates contemplated herein and all modifications hereto, and (iii) the receipt of the proceeds of any Loans made by the Lenders to any such Designated Borrower hereunder. Any acknowledgment, consent, direction, certification or other
action which might otherwise be valid or effective only if given or taken by all Borrowers, or by each Borrower acting singly, shall be valid and effective if given or taken only by the Company, whether or not any such other Borrower joins therein.
Any notice, demand, consent, acknowledgement, direction, certification or other communication delivered to the Company in accordance with the terms of this Agreement shall be deemed to have been delivered to each Designated Borrower. 

(d) The Company may from time to time, upon not less than 15 Business Days’ notice from the Company to the Administrative Agent (or
such shorter period as may be agreed by the Administrative Agent in its sole discretion), terminate a Designated Borrower’s status as such, provided that there are no outstanding Loans payable by such Designated Borrower, or other
amounts payable by such Designated Borrower on account of any Loans made to it, as of the effective date of such termination. The Administrative Agent will promptly notify the Lenders of any such termination of a Designated Borrower’s status.

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

(a) Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with
respect to this Agreement shall be restricted as set forth in the definition of Required Lenders. 
 (b) Defaulting Lender
Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise) or received
by the Administrative Agent from a Defaulting Lender pursuant to Section 10.08 shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such
Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to any L/C Issuer hereunder; third, to Cash Collateralize such Defaulting Lender’s
Applicable Percentage of any outstanding Letter of Credit; fourth, as the Company may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its
portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Company, to be held in a deposit account and released pro rata in order to (x) satisfy
such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) Cash Collateralize such Defaulting Lender’s Applicable Percentage with respect to future Letters of Credit issued under
this Agreement; sixth, to the payment of any amounts owing to the Lenders or any L/C Issuer as a result of any judgment of a court of competent jurisdiction obtained by any Lender or any L/C Issuer against such Defaulting Lender as a result
of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to any Borrower as a result of any judgment of a court of
competent jurisdiction obtained by such Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a
court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or L/C Borrowing in respect of which such Defaulting Lender has not fully funded its Applicable Percentage, and
(y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Borrowing owed to,
all Lenders other than any Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C Borrowing owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in L/C
Borrowings are held by the Lenders pro rata in accordance with the Commitments without giving effect to Section 2.15(d). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts
owed by a Defaulting Lender or to post Cash Collateral pursuant to this Section 2.15(b) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

  
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 (c) Certain Fees. 

(i) No Defaulting Lender shall be entitled to the Unused Line Fee for any period during which that Lender is a Defaulting
Lender. 
 (ii) Each Defaulting Lender shall be entitled to receive a Letter of Credit Fee for any period during
which that Lender is a Defaulting Lender only to the extent allocable to its Applicable Percentage of the stated amount of Letters of Credit for which it has provided Cash Collateral. 

(iii) With respect to any fee not required to be paid to any Defaulting Lender pursuant to clause (i) or
(ii) above, the Company shall (x) pay to each Lender that is not a Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in L/C Borrowings
that has been reallocated to such Lender pursuant to clause (d) below, (y) pay to each L/C Issuer, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such Defaulting Lender’s Applicable
Percentage of any outstanding Letter of Credit, and (z) not be required to pay the remaining amount of any such fee. 
 (d)
Reallocation of Participations in Letters of Credit. All or any part of such Defaulting Lender’s participation in Letters of Credit shall be reallocated among the Lenders that are not Defaulting Lenders in accordance with their
respective Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that (x) the conditions set forth in Section 4.02 are satisfied at the time of such reallocation (and, unless
the Company shall have otherwise notified the Administrative Agent at such time, the Company shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (y) such reallocation does not cause the
aggregate Commitment of any Lender that is not a Defaulting Lender to exceed such Non-Defaulting Lender’s Commitment. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender
arising from that Lender having become a Defaulting Lender, including any claim of a Lender that is not a Defaulting Lender as a result of such Lender’s increased exposure following such reallocation. 

(e) Cash Collateral. If the reallocation described in clause (d) above cannot, or can only partially, be effected, the
Company shall, without prejudice to any right or remedy available to it hereunder or under law, Cash Collateralize the Outstanding Amount of all L/C Obligations in accordance with the procedures set forth in Section 2.03(g). 

(f) Defaulting Lender Cure. If the Company, the Administrative Agent and each L/C Issuer agree in writing that a Lender is no
longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any
Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans and funded
and unfunded participations in Letters of Credit to be held pro rata by the Lenders in accordance with the Commitments under the applicable Facility (without giving effect to Section 2.15(d),

  
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whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of any
Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or
release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 
 (g) New
Letters of Credit. So long as any Lender is a Defaulting Lender, if the reallocation described in clause (d) above cannot, or can only partially, be effected, no L/C Issuer shall be required to issue, extend, renew or increase any Letter of
Credit. 
 2.16 Increase in Commitments. 
 (a) Request for Increase. Provided there exists no Default or Event of Default, upon notice to the Administrative Agent (which shall promptly notify the Lenders), the Company may from time to time,
request an increase in the Aggregate Commitments by an amount (for all such requests) not exceeding $100,000,000; provided that (i) any such request for an increase shall be in a minimum amount of $5,000,000, and (ii) the Company
may make a maximum of three such requests. At the time of sending such notice, the Company (in consultation with the Administrative Agent) shall specify the time period within which each Lender is requested to respond (which shall in no event be
less than ten Business Days from the date of delivery of such notice to the Lenders). 
 (b) Lender Elections to
Increase. Each Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such
requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Commitment. 
 (c) Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Company and each Lender of the Lenders’ responses to each request made hereunder. To
achieve the full amount of a requested increase and subject to the approval of the Administrative Agent and the L/C Issuer (which approvals shall not be unreasonably withheld), the Company may also invite additional Eligible Assignees to become
Lenders pursuant to a joinder agreement in form and substance satisfactory to the Administrative Agent and its counsel. 
 (d)
Effective Date and Allocations. If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent and the Company shall determine the effective date (the “Increase Effective Date”) and the
final allocation of such increase. The Administrative Agent shall promptly notify the Company and the Lenders of the final allocation of such increase and the Increase Effective Date. 

(e) Conditions to Effectiveness of Increase. As a condition precedent to such increase, the Company shall deliver to the
Administrative Agent a certificate of each Loan Party dated as of the Increase Effective Date (in sufficient copies for each Lender) signed by a Responsible Officer of such Loan Party (i) certifying and attaching the resolutions adopted by

  
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such Loan Party approving or consenting to such increase, and (ii) in the case of the Company, certifying that, before and after giving effect to such increase, (A) the representations
and warranties contained in Article V and the other Loan Documents are true and correct on and as of the Increase Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which
case they are true and correct as of such earlier date, and except that for purposes of this Section 2.16, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to
refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01, and (B) no Default or Event of Default exists. The Borrowers shall prepay any Committed Loans outstanding on the
Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Applicable Percentages arising from any nonratable
increase in the Commitments under this Section. 
 (f) Conflicting Provisions. This Section shall supersede any
provisions in Section 2.13 or 10.01 to the contrary. 
 ARTICLE III. 

TAXES, YIELD PROTECTION AND ILLEGALITY 
 3.01 Taxes. 
 (a) Payments Free of Taxes; Obligation to Withhold;
Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the respective Borrowers hereunder or under any other Loan Document shall to the extent permitted by applicable Laws be made free and clear of and
without reduction or withholding for any Taxes. If, however, applicable Laws require any Borrower or the Administrative Agent to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with such Laws as determined by such
Borrower or the Administrative Agent, as the case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (e) below. 

(ii) If any Borrower or the Administrative Agent shall be required by the Code to withhold or deduct any Taxes, including
both United States Federal backup withholding and withholding taxes, from any payment, then (A) the Administrative Agent shall withhold or make such deductions as are determined by the Administrative Agent to be required based upon the
information and documentation it has received pursuant to subsection (e) below, (B) the Administrative Agent shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with the Code, and
(C) to the extent that the withholding or deduction is made on account of Indemnified Taxes or Other Taxes, the sum payable by such Borrower shall be increased as necessary so that after any required withholding or the making of all required
deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent, Lender or L/C Issuer, as the case may be, receives an amount equal to the sum it would have received had no such withholding or
deduction been made. 

  
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 (iii) If any Borrower or the Administrative Agent shall be required by any
applicable Laws other than the Code to withhold or deduct any Taxes from any payment, then (A) such Borrower or the Administrative Agent, as required by such Laws, shall withhold or make such deductions as are determined by it to be required
based upon the information and documentation it has received pursuant to subsection (e) below, (B) such Borrower or the Administrative Agent, to the extent required by such Laws, shall timely pay the full amount so withheld or deducted by
it to the relevant Governmental Authority in accordance with such Laws, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes or Other Taxes, the sum payable by such Borrower shall be increased as
necessary so that after any required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent, Lender or L/C Issuer, as the case may be, receives an
amount equal to the sum it would have received had no such withholding or deduction been made. 
 (b) Payment of Other Taxes
by the Borrowers. Without limiting the provisions of subsection (a) above, each Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable Laws. 

(c) Tax Indemnifications. (i) Without limiting the provisions of subsection (a) or (b) above, each Borrower shall,
and does hereby, indemnify the Administrative Agent, each Lender and the L/C Issuer, and shall make payment in respect thereof within 10 days after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified
Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) withheld or deducted by such Borrower or the Administrative Agent or paid by the Administrative Agent, such Lender or the L/C Issuer, as the case may
be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. Each
Borrower shall also, and does hereby, indemnify the Administrative Agent, and shall make payment in respect thereof within 10 days after demand therefor, for any amount which a Lender or the L/C Issuer for any reason fails to pay indefeasibly to the
Administrative Agent as required by clause (ii) of this subsection. A certificate as to the amount of any such payment or liability delivered to a Borrower by a Lender or the L/C Issuer (with a copy to the Administrative Agent), or by the
Administrative Agent on its own behalf or on behalf of a Lender or the L/C Issuer, shall be conclusive absent manifest error. 
 (ii) Without limiting the provisions of subsection (a) or (b) above, each Lender and the L/C Issuer shall, and does hereby, indemnify each Borrower and the Administrative Agent, and shall make
payment in respect thereof within 10 days after demand therefor, against any and all Taxes and any and all related losses, claims, liabilities, penalties, interest and expenses (including the fees, charges and disbursements of any counsel for such
Borrower or the Administrative Agent) incurred by or asserted against such Borrower or the Administrative Agent by any Governmental Authority as a result of the failure by such Lender or the L/C Issuer, as the case may be, to deliver, or as a result
of the inaccuracy, inadequacy or deficiency of, any documentation required to be delivered by such Lender or the L/C Issuer, as the case may be, to such Borrower or the 

  
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Administrative Agent pursuant to subsection (e). Each Lender and the L/C Issuer hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such
Lender or the L/C Issuer, as the case may be, under this Agreement or any other Loan Document against any amount due to the Administrative Agent under this clause (ii). The agreements in this clause (ii) shall survive the resignation and/or
replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender or the L/C Issuer, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all other Obligations. 

(d) Evidence of Payments. Upon request by a Borrower or the Administrative Agent, as the case may be, after any payment of Taxes
by such Borrower or by the Administrative Agent to a Governmental Authority as provided in this Section 3.01, such Borrower shall deliver to the Administrative Agent or the Administrative Agent shall deliver to such Borrower, as the case
may be, the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of any return required by Laws to report such payment or other evidence of such payment reasonably satisfactory to such
Borrower or the Administrative Agent, as the case may be. 
 (e) Status of Lenders; Tax Documentation. (i) Each
Lender shall deliver to the Company and to the Administrative Agent, at the time or times prescribed by applicable Laws or when reasonably requested by the Company or the Administrative Agent, such properly completed and executed documentation
prescribed by applicable Laws or by the taxing authorities of any jurisdiction and such other reasonably requested information as will permit the Company or the Administrative Agent, as the case may be, to determine (A) whether or not payments
made by the respective Borrowers hereunder or under any other Loan Document are subject to Taxes, (B) if applicable, the required rate of withholding or deduction, and (C) such Lender’s entitlement to any available exemption from, or
reduction of, applicable Taxes in respect of all payments to be made to such Lender by the respective Borrowers pursuant to this Agreement or otherwise to establish such Lender’s status for withholding tax purposes in the applicable
jurisdictions. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 3.01(e)(ii)(A), (e)(ii)(B)(I) through
(e)(ii)(B)(IV) and (e)(ii)(C) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the
legal or commercial position of such Lender. 
 (ii) Without limiting the generality of the foregoing, if a
Borrower is resident for tax purposes in the United States, 
 (A) any Lender that is a “United States
person” within the meaning of Section 7701(a)(30) of the Code shall deliver to the Company and the Administrative Agent executed originals of Internal Revenue Service Form W-9 or such other documentation or information prescribed by
applicable Laws or reasonably requested by the Company on behalf of such Borrower or the Administrative Agent as will enable such Borrower or the Administrative Agent, as the case may be, to determine whether or not such Lender is subject to backup
withholding or information reporting requirements; and 

  
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 (B) each Foreign Lender that is entitled under the Code or any applicable
treaty to an exemption from or reduction of United States federal withholding tax with respect to payments hereunder or under any other Loan Document shall deliver to the Company and the Administrative Agent (in such number of copies as shall be
requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the request of the Company on behalf of such Borrower or the Administrative Agent, but only
if such Foreign Lender is legally entitled to do so), whichever of the following is applicable: 
 (I) executed
originals of Internal Revenue Service Form W-8BEN claiming eligibility for benefits of an income tax treaty to which the United States is a party, 
 (II) executed originals of Internal Revenue Service Form W-8ECI, 

(III) executed originals of Internal Revenue Service Form W-8IMY and all required supporting documentation, 

(IV) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under section 881(c)
of the Code, (x) a certificate to the effect that such Foreign Lender is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of such Borrower within the meaning
of section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in section 881(c)(3)(C) of the Code and (y) executed originals of Internal Revenue Service Form W-8BEN, or 

(V) executed originals of any other form prescribed by applicable Laws as a basis for claiming exemption from or a
reduction in United States Federal withholding tax together with such supplementary documentation as may be prescribed by applicable Laws to permit such Borrower or the Administrative Agent to determine the withholding or deduction required to be
made. 
 (C) if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding
tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the applicable
Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by such Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by
Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by such Borrower or the Administrative Agent as may be necessary for such Borrower and the Administrative Agent to comply with their obligations

  
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under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for
purposes of this Section 3.01(e)(ii)(C), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 
 (iii) Each Lender shall promptly (A) notify the Company and the Administrative Agent of any change in circumstances which would modify or render invalid any claimed exemption or reduction, and
(B) take such steps as shall not be materially disadvantageous to it, in the reasonable judgment of such Lender, and as may be reasonably necessary (including the re-designation of its Lending Office) to avoid any requirement of applicable Laws
of any jurisdiction that any Borrower or the Administrative Agent make any withholding or deduction for taxes from amounts payable to such Lender. 
 (iv) Each of the Borrowers shall promptly deliver to the Administrative Agent or any Lender, as the Administrative Agent or such Lender shall reasonably request, on or prior to the Closing Date (or such
later date on which it first becomes a Borrower), and in a timely fashion thereafter, such documents and forms required by any relevant taxing authorities under the Laws of any jurisdiction, duly executed and completed by such Borrower, as are
required to be furnished by such Lender or the Administrative Agent under such Laws in connection with any payment by the Administrative Agent or any Lender of Taxes or Other Taxes, or otherwise in connection with the Loan Documents, with respect to
such jurisdiction. 
 (f) Treatment of Certain Refunds. Unless required by applicable Laws, at no time shall the
Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender or the L/C Issuer, or have any obligation to pay to any Lender or the L/C Issuer, any refund of Taxes withheld or deducted from funds paid for the account
of such Lender or the L/C Issuer, as the case may be. If the Administrative Agent, any Lender or the L/C Issuer determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by any
Borrower or with respect to which any Borrower has paid additional amounts pursuant to this Section, it shall pay to such Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by such
Borrower under this Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes imposed on the receipt of such refund) and net of any loss or gain realized in the conversion of
such funds from or to another currency incurred by the Administrative Agent, such Lender or the L/C Issuer, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund),
provided that each Borrower, upon the request of the Administrative Agent, such Lender or the L/C Issuer, agrees to repay the amount paid over to such Borrower (plus any penalties, interest or other charges imposed by the relevant
Governmental Authority) to the Administrative Agent, such Lender or the L/C Issuer in the event the Administrative Agent, such Lender or the L/C Issuer is required to repay such refund to such Governmental Authority. This subsection shall not be
construed to require the Administrative Agent, any Lender or the L/C Issuer to make available its tax returns (or any other information relating to its taxes that it deems confidential) to any Borrower or any other Person. 

  
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 3.02 Illegality. If any Lender determines that any Law has made it unlawful, or that
any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Eurocurrency Loans (whether denominated in Dollars or an Alternative Currency), or to determine or charge interest
rates based upon the LIBO Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars or any Alternative Currency in the applicable interbank market,
then, on notice thereof by such Lender to the Company through the Administrative Agent, any obligation of such Lender to make or continue Eurocurrency Loans in the affected currency or currencies or, in the case of Eurocurrency Loans in Dollars, to
convert Base Rate Committed Loans to Eurocurrency Loans, shall be suspended until such Lender notifies the Administrative Agent and the Company that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice,
the Borrowers shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable and such Loans are denominated in Dollars, convert all such Eurocurrency Loans of such Lender to Base Rate Loans (with any LIBO
Rate component being determined by the Administrative Agent upon consultation with the Company), either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurocurrency Loans to such day, or
immediately, if such Lender may not lawfully continue to maintain such Eurocurrency Loans. Upon any such prepayment or conversion, the Borrowers shall also pay accrued interest on the amount so prepaid or converted. 

3.03 Inability to Determine Rates. If the Required Lenders determine that for any reason in connection with any request for a
Eurocurrency Loan or a conversion to or continuation thereof that (a) deposits (whether in Dollars or an Alternative Currency) are not being offered to banks in the applicable offshore interbank market for such currency for the applicable
amount and Interest Period of such Eurocurrency Loan, (b) adequate and reasonable means do not exist for determining the Eurocurrency Rate for any requested Interest Period with respect to a proposed Eurocurrency Loan (whether denominated in
Dollars or an Alternative Currency), or (c) the Eurocurrency Rate for any requested Interest Period with respect to a proposed Eurocurrency Loan does not adequately and fairly reflect the cost to such Lenders of funding such Eurocurrency Loan,
the Administrative Agent will promptly so notify the Company and each Lender. Thereafter, the obligation of the Lenders to make or maintain Eurocurrency Loans in the affected currency or currencies shall be suspended until the Administrative Agent
(upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, the Company may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Loans in the affected currency or
currencies or, failing that, will be deemed to have converted such request into a request for a Committed Borrowing of Base Rate Loans (with any LIBO Rate component being determined by the Administrative Agent upon consultation with the Company) in
the amount specified therein. 

  
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 3.04 Increased Costs; Reserves on Eurocurrency Loans. 

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

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar
requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender or the L/C Issuer (except any reserve requirement contemplated by the Adjusted LIBO Rate); 

(ii) subject any Lender or the L/C Issuer to any Tax of any kind whatsoever with respect to this Agreement, any Letter of
Credit, any participation in a Letter of Credit or any Eurocurrency Loan made by it, or change the basis of taxation of payments to such Lender or the L/C Issuer in respect thereof (except for Indemnified Taxes or Other Taxes covered by
Section 3.01 and the imposition of, or any change in the rate of, any Excluded Tax payable by such Lender or the L/C Issuer); or 
 (iii) impose on any Lender or the L/C Issuer or the London interbank market any other condition, cost or expense affecting this Agreement or Eurocurrency Loans made by such Lender or any Letter of Credit
or participation therein; 
 and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any
Eurocurrency Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or the L/C Issuer of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in
or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender or the L/C Issuer hereunder (whether of principal, interest or any other amount) then, upon request of such Lender or the L/C Issuer, the
Borrowers will pay to such Lender or the L/C Issuer, as the case maybe, such additional amount or amounts as will compensate such Lender or the L/C Issuer, as the case may be, for such additional costs incurred or reduction suffered. 

(b) Capital Requirements. If any Lender or the L/C Issuer determines that any Change in Law affecting such Lender or the L/C
Issuer or any Lending Office of such Lender or such Lender’s or the L/C Issuer’s holding company, if any, regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s or the
L/C Issuer’s capital or on the capital of such Lender’s or the L/C Issuer’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit held
by, such Lender, or the Letters of Credit issued by the L/C Issuer, to a level below that which such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company could have achieved but for such Change in Law (taking into
consideration such Lender’s or the L/C Issuer’s policies and the policies of such Lender’s or the L/C Issuer’s holding company with respect to capital adequacy and liquidity), then from time to time the Borrowers will pay to such
Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company for any such reduction suffered. 

(c) Certificates for Reimbursement. A certificate of a Lender or the L/C Issuer setting forth the amount or amounts necessary to
compensate such Lender or the L/C Issuer or 

  
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its holding company, as the case may be, as specified in subsection (a) or (b) of this Section and delivered to the Company shall be conclusive absent manifest error. The Borrowers
shall pay such Lender or the L/C Issuer, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof. 
 (d) Delay in Requests. Failure or delay on the part of any Lender or the L/C Issuer to demand compensation pursuant to the foregoing provisions of this Section shall not constitute a waiver of such
Lender’s or the L/C Issuer’s right to demand such compensation, provided that no Borrower shall be required to compensate a Lender or the L/C Issuer pursuant to the foregoing provisions of this Section for any increased costs
incurred or reductions suffered more than six months prior to the date that such Lender or the L/C Issuer, as the case may be, notifies the Company of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or
the L/C Issuer’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the six-month period referred to above shall be extended to include the period
of retroactive effect thereof). 
 (e) Additional Reserve Requirements. The Borrowers shall pay to each Lender, as long
as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of the
Eurocurrency Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or Loan by such Lender (as determined by
such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided the Company shall have received at least 10 days’ prior notice (with a
copy to the Administrative Agent) of such additional costs from such Lender. If a Lender fails to give notice 10 days prior to the relevant Interest Payment Date, such additional costs shall be due and payable 10 days from receipt of such notice.

 3.05 Compensation for Losses. Upon demand of any Lender (with a copy to the Administrative Agent) from time to time,
the Borrowers shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: 
 (a) any continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary, mandatory,
automatic, by reason of acceleration, or otherwise); 
 (b) any failure by any Borrower (for a reason other than the failure of
such Lender to make a Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Company or the applicable Borrower; 

(c) any failure by any Borrower to make payment of any Loan or drawing under any Letter of Credit (or interest due thereon) denominated
in an Alternative Currency on its scheduled due date or any payment thereof in a different currency; or 

  
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 (d) any assignment of a Eurocurrency Loan on a day other than the last day of the Interest
Period therefor as a result of a request by the Company pursuant to Section 10.13; 
 excluding any loss of anticipated margin, but
including any foreign exchange losses and any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan, from fees payable to terminate the deposits from which such funds were obtained or from the
performance of any foreign exchange contract. The Borrowers shall also pay any customary administrative fees charged by such Lender in connection with the foregoing. 
 For purposes of calculating amounts payable by the Borrowers to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Eurocurrency Loan made by it at the LIBO
Rate for such Loan by a matching deposit or other borrowing in the offshore interbank market for such currency for a comparable amount and for a comparable period, whether or not such Eurocurrency Loan was in fact so funded. 

3.06 Mitigation Obligations; Replacement of Lenders. 
 (a) Designation of a Different Lending Office. If any Lender requests compensation under Section 3.04, or any Borrower is required to pay any additional amount to any Lender, the L/C
Issuer, or any Governmental Authority for the account of any Lender or the L/C Issuer pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02, then such Lender or the L/C Issuer shall, as
applicable, use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such
Lender or the L/C Issuer, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to
Section 3.02, as applicable, and (ii) in each case, would not subject such Lender or the L/C Issuer, as the case may be, to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender or the L/C
Issuer, as the case may be. The Borrowers hereby agree to pay all reasonable costs and expenses incurred by any Lender or the L/C Issuer in connection with any such designation or assignment. 

(b) Replacement of Lenders. If any Lender requests compensation under Section 3.04, or if any Borrower is required to
pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, the Company may replace such Lender in accordance with Section 10.13. 

3.07 Survival. All of the Borrowers’ obligations under this Article III shall survive termination of the Aggregate
Commitments, repayment of all other Obligations hereunder, and resignation of the Administrative Agent. 

  
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 ARTICLE IV. 
 CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 
 4.01 Conditions of Initial
Credit Extension. The obligation of the L/C Issuer and each Lender to make its initial Credit Extension hereunder is subject to satisfaction of the following conditions precedent: 

(a) The Administrative Agent’s receipt of the following, each of which shall be originals or telecopies (followed promptly by
originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party, each dated the Closing Date (or, in the case of certificates of governmental officials, a recent date before the Closing Date) and each
in form and substance satisfactory to the Administrative Agent and each of the Lenders: 
 (i) executed
counterparts of this Agreement and the Guaranties, sufficient in number for distribution to the Administrative Agent, each Lender and the Company; 
 (ii) Notes executed by the Borrowers in favor of each Lender requesting Notes; 
 (iii) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Loan Party as the Administrative Agent may require evidencing the
identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which such Loan Party is a party; 

(iv) such documents and certifications as the Administrative Agent may reasonably require to evidence that each Loan Party
is duly organized or formed, and that each Borrower is validly existing, in good standing and qualified to engage in business in each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such
qualification, except to the extent that failure to do so is not reasonably likely to have a Material Adverse Effect; 
 (v) a favorable opinion of (A) Porter, Wright, Morris & Arthur LLP, counsel to the Loan Parties, (B) McInnes Cooper, Nova Scotia counsel to the Canadian Borrowers,
(C) Kolesar & Leatham, Nevada counsel to the Loan Parties and (D) Cornelius Bulman, Jr., Pennsylvania counsel to the Loan Parties, each addressed to the Administrative Agent and each Lender; 

(vi) a certificate of a Responsible Officer of the Company either (A) attaching copies of all consents, licenses and
approvals of any Governmental Authority or any other third party required in connection with (1) the execution, delivery and performance by each Loan Party and the validity against each Loan Party of the Loan Documents to which it is a party
and (2) the continuing operations of each Loan Party, and such consents, licenses and approvals shall be in full force and effect, or (B) stating that no such consents, licenses or approvals are so required; 

(vii) a certificate signed by a Responsible Officer of the Company certifying (A) that the conditions specified in
Sections 4.02(a) and (b) have been satisfied (B) that there has been no event or circumstance since the date of the Audited Financial Statements that has had or is reasonably likely to have a Material Adverse Effect; and
(C) a calculation of the Consolidated Leverage Ratio as of the fiscal quarter of the Company for the most recently ended fiscal quarter for which the Company has filed its financial statements with the SEC; 

  
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 (viii) evidence that all insurance required to be maintained pursuant to the
Loan Documents has been obtained and is in effect; 
 (ix) evidence that the Terminated Facilities have been or
concurrently with the Closing Date are being terminated and any Liens securing obligations under the Terminated Facilities have been or concurrently with the Closing Date are being released; 

(x) (A) (x) audited consolidated financial statements of the Company and its Subsidiaries for the fiscal years ended
January 30, 2010 and January 29, 2011, and (y) unaudited interim consolidated financial statements of the Company and its Subsidiaries for each quarterly period ended subsequent to the date of the most recent audited statements
referred to above, to the extent such statements have been publicly filed, (B) unaudited consolidated financial statements of AE North (or, in the alternative, consolidating statements of each Canadian Borrower), in each case for the fiscal
years and quarters referred to in clauses (A)(x) and (y), and (C) five-year cash flow, income statement and balance sheet projections; and 
 (xi) such other assurances, certificates, documents, consents or opinions as the Administrative Agent, the L/C Issuer or the Required Lenders reasonably may require. 

(b) Any fees required to be paid on or before the Closing Date shall have been paid. 

(c) Unless waived by the Administrative Agent, the Borrowers shall have paid all fees, charges and disbursements of counsel to the
Administrative Agent (directly to such counsel if requested by the Administrative Agent) to the extent invoiced prior to or on the Closing Date, plus such additional amounts of such fees, charges and disbursements as shall constitute its reasonable
estimate of such fees, charges and disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrowers and the Administrative
Agent). 
 (d) The Closing Date shall have occurred on or before March 2, 2012. 

Without limiting the generality of the provisions of the last paragraph of Section 9.03, for purposes of determining
compliance with the conditions specified in this Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required
thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto. 

4.02 Conditions to all Credit Extensions. The obligation of each Lender to honor any Request for Credit Extension (other than a
Committed Loan Notice requesting only a conversion of Committed Loans to the other Type, or a continuation of Eurocurrency Loans) is subject to the following conditions precedent: 

(a) The representations and warranties of (i) the Borrowers contained in Article V and (ii) each Loan Party contained in
each other Loan Document or in any document furnished at any time under or in connection herewith or therewith, shall be true and correct on and as of 

  
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the date of such Credit Extension, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such
earlier date, and except that for purposes of this Section 4.02, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements
furnished pursuant to clauses (a) and (b), respectively, of Section 6.01. 
 (b) No Default shall exist, or
would result from such proposed Credit Extension or the application of the proceeds thereof. 
 (c) The Administrative Agent
and, if applicable, the L/C Issuer shall have received a Request for Credit Extension in accordance with the requirements hereof. 
 (d) If the applicable Borrower is a Designated Borrower, then the conditions of Section 2.14 to the designation of such Borrower as a Designated Borrower shall have been met to the
satisfaction of the Administrative Agent. 
 (e) In the case of a Credit Extension to be denominated in an Alternative Currency,
there shall not have occurred any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which in the reasonable opinion of the Administrative Agent, in consultation with the
Company, the Required Lenders (in the case of any Loans to be denominated in an Alternative Currency) or the L/C Issuer (in the case of any Letter of Credit to be denominated in an Alternative Currency) would make it impracticable for such Credit
Extension to be denominated in the relevant Alternative Currency. 
 Each Request for Credit Extension (other than a Committed
Loan Notice requesting only a conversion of Committed Loans to the other Type or a continuation of Eurocurrency Loans) submitted by the Company shall be deemed to be a representation and warranty that the conditions specified in Sections
4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension. 
 ARTICLE V.

 REPRESENTATIONS AND WARRANTIES 
 Except as otherwise provided in Section 5.18, each Borrower represents and warrants to the Administrative Agent and the Lenders that: 

5.01 Existence, Qualification and Power. Each Loan Party and each Subsidiary thereof (a) is duly organized or formed, validly
existing and, as applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to
(i) own or lease its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party, and (c) is duly qualified and is licensed and, as applicable, in good
standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred to in clause (b)(i) or (c), to the extent that
failure to do so is not reasonably likely to have a Material Adverse Effect. 

  
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 5.02 Authorization; No Contravention. The execution, delivery and performance by each
Loan Party of each Loan Document to which such Person is party, have been duly authorized by all necessary corporate or other organizational action, and do not and will not (a) contravene the terms of any of such Person’s Organization
Documents; (b) conflict with or result in any breach or contravention of, or the creation of any Lien under, or require any payment to be made under (i) any material Contractual Obligation to which such Person is a party or affecting such
Person or the properties of such Person or any of its Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject; or (c) violate any Law.

 5.03 Governmental Authorization; Other Consents. No approval, consent, exemption, authorization, or other action by,
or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document,
except for such as have been made or obtained and are in full force and effect. 
 5.04 Binding Effect. This Agreement
has been, and each other Loan Document, when delivered hereunder, will have been, duly executed and delivered by each Loan Party that is party thereto. This Agreement constitutes, and each other Loan Document when so delivered will constitute, a
legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party thereto in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the
enforceability of creditors’ rights generally and to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 
 5.05 Financial Statements; No Material Adverse Effect. 
 (a) The Audited
Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein and (ii) fairly present, in all material respects, the financial
condition of the Company and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly
noted therein. 
 (b) The unaudited consolidated balance sheet of the Company and its Subsidiaries dated October 29, 2011,
and the related consolidated statements of income or operations, shareholders’ equity and cash flows for the fiscal quarter ended on that date (i) were prepared in accordance with GAAP consistently applied throughout the period covered
thereby, except as otherwise expressly noted therein, and (ii) fairly present, in all material respects, the financial condition of the Company and its Subsidiaries as of the date thereof and their results of operations for the period covered
thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal year-end audit adjustments. The consolidated (or consolidating) balance sheet of the Canadian Borrowers, dated October 29, 2011, and the
related consolidated (or consolidating) statements of income or operations, shareholders’ equity and cash flows for the fiscal quarter ended on that date (i) were prepared in accordance with accepted accounting principles consistently
applied throughout the period covered thereby, except as otherwise expressly noted therein, and (ii) fairly present the financial condition of the 

  
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Canadian Borrowers as of the date thereof and their results of operations for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to
normal year-end audit adjustments. 
 (c) Since the date of the Audited Financial Statements, there has been no event or
circumstance, either individually or in the aggregate, that has had or is reasonably likely to have a Material Adverse Effect. 

(d) The consolidated forecasted balance sheet and statements of income and cash flows of the Company and its Subsidiaries delivered
pursuant to Section 4.01(a)(x)(C) were prepared in good faith on the basis of the assumptions stated therein, which assumptions were fair in light of the conditions existing at the time of delivery of such forecasts, and represented, in
all material respects, at the time of delivery, the Company’s reasonable estimate of its future financial condition and performance. 
 5.06 Litigation. There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Company, threatened in writing, at law, in equity, in arbitration or before any
Governmental Authority, by or against the Borrowers or any of their Subsidiaries or against any of their properties or revenues, and not otherwise disclosed in the Company’s public filings with the SEC, that (a) purport to affect or
pertain to this Agreement or any other Loan Document, or any of the transactions contemplated hereby, or (b) either individually or in the aggregate, if determined adversely, are reasonably likely to have a Material Adverse Effect. 

5.07 No Default. Neither any Loan Party nor any Subsidiary thereof is in default under or with respect to any Contractual
Obligation that is, either individually or in the aggregate, reasonably likely to have a Material Adverse Effect. No Default has occurred and is continuing or would result from the consummation of the transactions contemplated by this Agreement or
any other Loan Document. 
 5.08 Ownership of Property; Liens. Each of the Borrowers and each Subsidiary has good title
in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects in title as are not reasonably likely to have a Material Adverse Effect. The property of the
Company and its Subsidiaries is subject to no Liens, other than Liens permitted by Section 7.01. 
 5.09
Environmental Compliance. The Company and its Subsidiaries conduct in the ordinary course of business a review of the effect of existing Environmental Laws and claims alleging potential liability or responsibility for violation of any
Environmental Law on their respective businesses, operations and properties, and as a result thereof the Company has reasonably concluded that such Environmental Laws and claims are not reasonably likely to have a Material Adverse Effect.

 5.10 Insurance. The properties of the Company and its Subsidiaries are insured with financially sound and reputable
insurance companies not Affiliates of the Borrowers, in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where such Borrower
or the applicable Subsidiary operates. 

  
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 5.11 Taxes. The Company and its Subsidiaries have filed all Federal, state and other
material tax returns and reports required to be filed, and have paid all Federal, state and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise due and
payable, except those which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP, or those which if unpaid are not reasonably likely to have a
Material Adverse Effect. To the knowledge of the Company, there is no proposed tax assessment against the Borrowers or any Subsidiary that, if made, is reasonably likely to have a Material Adverse Effect. Neither any Loan Party nor any Subsidiary
thereof is party to any tax sharing agreement. 
 5.12 ERISA Compliance. 

(a) Each Plan is in compliance in all material respects with the applicable provisions of ERISA, the Code and other Federal or state Laws.
Each Plan that is intended to qualify under Section 401(a) of the Code has received a favorable determination letter from the IRS or an application for such a letter will be timely filed or has been timely filed and is currently being processed
by the IRS with respect thereto and, to the knowledge of the Company, nothing has occurred which would prevent, or cause the loss of, such qualification. The Company and each ERISA Affiliate have made all required contributions to each Plan subject
to Section 412 of the Code, and no application for a funding waiver or an extension of any amortization period pursuant to Section 412 of the Code has been made with respect to any Plan. 

(b) There are no pending or, to the knowledge of the Company, threatened claims, actions or lawsuits, or action threatened in writing by
any Governmental Authority, with respect to any Plan that are reasonably likely to have a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that has had or
is reasonably likely to result in a Material Adverse Effect. 
 (c) (i) No ERISA Event has occurred or is reasonably expected to
occur; (ii) no Pension Plan has any Unfunded Pension Liability; (iii) neither the Company nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability under Title IV of ERISA with respect to any Pension Plan (other
than premiums due and not delinquent under Section 4007 of ERISA); (iv) neither the Company nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred which, with the giving of notice
under Section 4219 of ERISA, would result in such liability) under Section 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (v) neither the Company nor any ERISA Affiliate has engaged in a transaction that could be
subject to Section 4069 or 4212(c) of ERISA, in each instance, which event, liability or transaction is reasonably likely to have a Material Adverse Effect. 
 5.13 Subsidiaries; Equity Interests. As of the Closing Date, the Borrowers have no Subsidiaries other than those specifically disclosed in Part (a) of Schedule 5.13, and all of the
outstanding Equity Interests in such Subsidiaries have been validly issued, are fully paid and nonassessable and are owned by a Subsidiary of the Company in the amounts specified on Part (a) of Schedule 5.13 free and clear of all
consensual Liens. As of the Closing Date, the Borrowers have no equity investments in any other corporation or entity other than those specifically disclosed in Part(b) of Schedule 5.13. All of the outstanding Equity Interests in the
Borrowers have been validly issued and are fully paid and nonassessable. 

  
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 5.14 Margin Regulations; Investment Company Act. 

(a) No Borrower is engaged, principally or as one of its important activities, in the business of purchasing or carrying margin stock
(within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. 
 (b) None of the U.S. Borrowers, any Person Controlling any U.S. Borrower, or any Domestic Subsidiary is or is required to be registered as an “investment company” under the Investment Company
Act of 1940. 
 5.15 Disclosure. The Borrowers have disclosed to the Administrative Agent and the Lenders all agreements,
instruments and corporate or other restrictions to which it or any of its Subsidiaries is subject, and all other matters known to it, that are reasonably likely to have a Material Adverse Effect. No financial statement or written report by or on
behalf of any Loan Party to the Administrative Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement (other than any information of a general economic or industry nature) or delivered
hereunder (in each case, as modified or supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, taken as a whole, in the light of the
circumstances under which they were made, not materially misleading at the time made; provided that, to the extent any such financial statement or report was based upon or constitutes a forecast or projection, the Company represents only that
such information was prepared in good faith based upon assumptions believed to be reasonable at the time (it being understood that projections as to future events are not to be viewed as facts or guaranties of future performance, that actual results
during the period or periods covered by such projections may differ from the projected results and that such differences may be material and that no assurances are being given that such projections will be in fact realized). 

5.16 Compliance with Laws. Each Loan Party and each Subsidiary thereof is in compliance in all material respects with the
requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith
by appropriate proceedings diligently conducted or (b) the failure to comply therewith is not reasonably likely to have a Material Adverse Effect. 
 5.17 Taxpayer Identification Number; Other Identifying Information. As of the Closing Date, (a) the true and correct U.S. taxpayer identification number, if any exists, of the Company and its
Domestic Subsidiaries and (b) the true and correct unique identification number of each Foreign Subsidiary party hereto or to any other Loan Document on the Closing Date that has been issued by its jurisdiction of organization and the name of
such jurisdiction have been delivered to and are on file with the Administrative Agent. 
 5.18 Intellectual Property;
Licenses, Etc. The Company and its Subsidiaries own, or possess the right to use, all of the trademarks, service marks, trade names, copyrights, patents, 

  
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patent rights, franchises, licenses and other intellectual property rights (collectively, “IP Rights”) that are reasonably necessary for the operation of their respective
businesses, without conflict with the material rights of any other Person, except where any such conflict is not reasonably likely to have a Material Adverse Effect. To the best knowledge of the Company, no slogan or other advertising device,
product, process, method, substance, part or other material now employed, or now contemplated to be employed, by the Company or any Subsidiary infringes upon any material rights held by any other Person, except where any such infringement is not
reasonably likely to have a Material Adverse Effect. No claim or litigation regarding any of the foregoing is pending or, to the best knowledge of the Company, threatened, which is reasonably likely to have a Material Adverse Effect. 

5.19 Use of Proceeds. The proceeds of the Loans are intended to be and shall be used solely for the purposes set forth in and
permitted by Section 6.11. The Letters of Credit are intended to be and shall be issued solely for the purposes set forth in Section 6.11. 
 5.20 Solvency. On the Closing Date, the Company and its Subsidiaries, on a consolidated basis, are solvent. The determination of the foregoing shall take into account all properties and liabilities
of the Company and its Subsidiaries regardless of whether, or the amount at which, any such property or liability is included on a balance sheet of any such Person prepared in accordance with GAAP, including properties such as contingent
contribution or subrogation rights, business prospects, distribution channels and goodwill. The determination of the sum of properties at a fair valuation or the present fair saleable value of properties shall be made on a going concern basis. In
computing the amount of contingent or unrealized properties or contingent or unliquidated liabilities at any time, such properties and liabilities will be computed at the amounts which, in light of all the facts and circumstances existing at such
time, represent the amount that reasonably can be expected to become realized properties or matured liabilities, as applicable. In computing the amount that would be required to pay a Person’s probable liability on its existing debts as they
become absolute and matured, reasonable valuation techniques, including a present value analysis, shall be applied using such rates over such periods as are appropriate under the circumstances, and it is understood that, in appropriate
circumstances, the present value of contingent liabilities may be zero. 
 5.21 Collective Bargaining Agreements. As of
the Closing Date, set forth on Schedule 5.21 is a list and description (including dates of termination) of all collective bargaining or similar agreements between or applicable to any Borrower or any of their Subsidiaries and any union, labor
organization or other bargaining agent in respect of the employees of any Borrower or any of their Subsidiaries. 
 5.22
Absence of Undisclosed Liabilities. There are no material liabilities of any Borrower or any of their Subsidiaries of any kind whatsoever, whether accrued, absolute, determined, determinable or otherwise, and there is no existing condition,
situation or set of circumstances which could reasonably be expected to result in any such liabilities, other than those liabilities provided for or disclosed in the most recently delivered financial statements pursuant to Section 6.01.

  

  
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 5.23 Representations as to Foreign Obligors. Each Foreign Borrower represents and
warrants to the Administrative Agent and the Lenders that: 
 (a) Such Foreign Obligor is subject to civil and commercial Laws
with respect to its obligations under this Agreement and the other Loan Documents to which it is a party (collectively as to such Foreign Obligor, the “Applicable Foreign Obligor Documents”), and the execution, delivery and
performance by such Foreign Obligor of the Applicable Foreign Obligor Documents constitute and will constitute private and commercial acts and not public or governmental acts. Neither such Foreign Obligor nor any of its property has any immunity
from jurisdiction of any court or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) under the laws of the jurisdiction in which such Foreign Obligor is
organized and existing in respect of its obligations under the Applicable Foreign Obligor Documents. 
 (b) The Applicable
Foreign Obligor Documents are in proper legal form, in all material respects, under the Laws of the jurisdiction in which such Foreign Obligor is organized and existing for the enforcement thereof against such Foreign Obligor under the Laws of such
jurisdiction, and to ensure the legality, validity, enforceability, priority or admissibility in evidence of the Applicable Foreign Obligor Documents. It is not necessary to ensure the legality, validity, enforceability, priority or admissibility in
evidence of the Applicable Foreign Obligor Documents that the Applicable Foreign Obligor Documents be filed, registered or recorded with, or executed or notarized before, any court or other authority in the jurisdiction in which such Foreign Obligor
is organized and existing or that any registration charge or stamp or similar tax be paid on or in respect of the Applicable Foreign Obligor Documents or any other document, except for (i) any such filing, registration, recording, execution or
notarization as has been made or is not required to be made until the Applicable Foreign Obligor Document or any other document is sought to be enforced and (ii) any charge or tax as has been timely paid. 

(c) (i) With respect to each Foreign Borrower other than the Canadian Borrowers, there is no tax, levy, impost, duty, fee, assessment or
other governmental charge, or any deduction or withholding, imposed by any Governmental Authority in or of the jurisdiction in which such Foreign Obligor is organized and existing either (i) on or by virtue of the execution or delivery of the
Applicable Foreign Obligor Documents or (ii) on any payment to be made by such Foreign Obligor pursuant to the Applicable Foreign Obligor Documents, except as has been disclosed to the Administrative Agent. (ii) With respect to the
Canadian Borrowers, on the Closing Date, under the provisions of the Income Tax Act (Canada) and the Income Tax Regulations (collectively, the “Tax Act”), no Canadian withholding tax will apply to interest paid or credited by
a Canadian Borrower to a Lender (or such other person who receives such amount as beneficial owner of a Loan to such Canadian Borrower) that for purposes of the application of the Tax Act is not and is not deemed to be resident of Canada and deals
at arm’s length with the Canadian Borrower. 
 (d) The execution, delivery and performance of the Applicable Foreign
Obligor Documents executed by such Foreign Obligor are, under applicable foreign exchange control regulations of the jurisdiction in which such Foreign Obligor is organized and existing, not subject to any notification or authorization except
(i) such as have been made or obtained or (ii) such as cannot be made or obtained until a later date (provided that any notification or authorization described in clause (ii) shall be made or obtained as soon as is reasonably
practicable). 

  
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 ARTICLE VI. 
 AFFIRMATIVE COVENANTS 
 So long as any Lender shall have any Commitment
hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding (in each case, other than any Specified Obligations), the Borrowers shall, and shall (except in the case of the
covenants set forth in Sections 6.01, 6.02, and 6.03) cause each Subsidiary to: 
 6.01 Financial
Statements. Deliver to the Administrative Agent and each Lender, in form and detail satisfactory to the Administrative Agent and the Required Lenders: 
 (a) within 90 days after the end of each fiscal year of the Company, a consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal year, and the related consolidated
statements of income or operations, changes in shareholders’ equity, and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in
accordance with GAAP, such consolidated statements to be audited and accompanied by a report and opinion of Ernst & Young LLP, or such other independent certified public accountant of nationally recognized standing reasonably acceptable to
the Administrative Agent, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or exception or any qualification or
exception as to the scope of such audit; 
 (b) within 90 days after the end of each fiscal year of the Company, a consolidated
balance sheet of AE North and its Subsidiaries (or, in the alternative, in each case below, consolidating statements of each Canadian Borrower) as at the end of such fiscal year, and the related consolidated (or consolidating) statements of income
or operations, changes in shareholders’ equity, and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail, such consolidated (or consolidating)
statements accompanied by a compliance certificate of the chief executive officer, chief financial officer, treasurer or controller of the Company stating that such financial statements materially present the financial condition, results of
operations, shareholders’ equity and cash flows of the Canadian Borrowers subject to normal year-end audit adjustments and the absence of footnotes; and 
 (c) within 45 days after the end of each of the first three fiscal quarters of each fiscal year of the Company, (i) a consolidated balance sheet of the Company and its Subsidiaries as at the end of
such fiscal quarter, the related consolidated statements of income or operations for such fiscal quarter and for the portion of the Company’s fiscal year then ended, and the related consolidated statements of changes in shareholders’
equity, and cash flows for the portion of the Company’s fiscal year then ended and (ii) a consolidated balance sheet of AE North and its Subsidiaries (or, in the alternative, in each case below, consolidating statements of each Canadian
Borrower) as at the end of such fiscal quarter, the related consolidated (or consolidating) statements of income or operations for such fiscal quarter and for the portion of AE North’s (or each Canadian Borrower’s) fiscal year then ended,
and the related consolidated (or consolidating) statements of changes in shareholders’ equity, and cash flows for the portion 

  
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of AE North’s (or each Canadian Borrower’s) fiscal year then ended, in each case setting forth in comparative form, as applicable, the figures for the corresponding fiscal quarter of
the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail, and in the case of the Company and its Subsidiaries, subject to normal year-end audit adjustments and the absence of footnotes; and

 (d) at least 15 days before the end of each fiscal year of the Company, forecasts prepared by management of the Company, in
form satisfactory to the Administrative Agent and the Required Lenders, of consolidated balance sheets and statements of income or operations and cash flows of (i) the Company and its Subsidiaries and (ii) the Canadian Borrowers for the
immediately following fiscal year (including the fiscal year in which the Maturity Date occurs). 
 As to any information
contained in materials furnished pursuant to Section 6.02(d), the Borrowers shall not be separately required to furnish such information under clause (a) or (b) above, but the foregoing shall not be in derogation of the
obligation of the Borrowers to furnish the information and materials described in clauses (a) and (b) above at the times specified therein. 
 6.02 Certificates; Other Information. Deliver to the Administrative Agent and each Lender, in form and detail satisfactory to the Administrative Agent and the Required Lenders: 

(a) Reserved; 

(b) concurrently with the delivery of the financial statements referred to in Sections 6.01(a) and (c), a duly
completed Compliance Certificate signed by the chief executive officer, chief financial officer, treasurer or controller of the Company or a Responsible Officer of a Borrower; 
 (c) promptly after any request by the Administrative Agent or any Lender, copies of any detailed audit reports, management letters or recommendations submitted to the board of directors (or the audit
committee of the board of directors) of any Borrower by independent accountants in connection with the accounts or books of the Borrowers or any Subsidiary, or any audit of any of them; 

(d) promptly after the same are available, copies of each annual report, proxy or financial statement or other report or communication
sent to the stockholders of the Borrowers, and copies of all annual, regular, periodic and special reports and registration statements which the Borrowers may file or be required to file with the SEC under Section 13 or 15(d) of the Securities
Exchange Act of 1934, and not otherwise required to be delivered to the Administrative Agent pursuant hereto; 
 (e) to the
extent the Company or any Subsidiary issues any debt securities, promptly after the furnishing thereof, copies of any statement or report furnished to any holder of such debt securities of any Loan Party or any Subsidiary thereof pursuant to the
terms of any indenture, loan or credit or similar agreement, and not otherwise required to be furnished to the Lenders pursuant to Section 6.01 or any other clause of this Section 6.02; 

  
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 (f) promptly, and in any event within five Business Days after receipt thereof by any
Responsible Officer of the Company, copies of each material notice or other correspondence received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning any investigation or possible investigation or other inquiry
by such agency regarding financial or other operational results of any Loan Party or any Subsidiary thereof; and 
 (g)
promptly, such additional information regarding the business, financial or corporate affairs of the Borrowers or any Subsidiary, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender may from time to time
reasonably request. 
 Documents required to be delivered pursuant to Section 6.01(a) or (c) or
Section 6.02(d) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered and certified on the date (i) on
which the Borrowers post such documents, or provides a link thereto on the Company’s website on the Internet at the website address listed on Schedule 10.02; or (ii) on which such documents are posted on the Borrowers’ behalf
on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided that: (i) the Company shall
deliver paper copies of such documents to the Administrative Agent or any Lender that requests the Company to deliver such paper copies until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender and
(ii) the Company shall notify the Administrative Agent and each Lender (by telecopier or electronic mail) of the posting of any such documents and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft
copies) of such documents. Notwithstanding anything contained herein, in every instance the Company shall be required to provide paper copies of the Compliance Certificates required by Section 6.02(b) to the Administrative Agent. Except
for such Compliance Certificates, the Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Company
with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 
 Each Borrower hereby acknowledges that (a) the Administrative Agent and/or the Arranger will make available to the Lenders and the L/C Issuer materials and/or information provided by or on behalf of
such Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks or another similar electronic system (the “Platform”) and (b) certain of the Lenders (each, a
“Public Lender”) may have personnel who do not wish to receive material non-public information with respect to any of the Borrowers or their respective Affiliates, or the respective securities of any of the foregoing, and who may be
engaged in investment and other market-related activities with respect to such Persons’ securities. Each Borrower hereby agrees that (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and
conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrowers shall be deemed to
have authorized the Administrative Agent, the Arranger, the L/C Issuer and the Lenders to treat such 

  
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Borrower Materials as not containing any material non-public information with respect to the Borrowers or their respective securities for purposes of United States Federal and state securities
laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 10.07); (y) all Borrower Materials marked “PUBLIC” are permitted to be
made available through a portion of the Platform designated “Public Side Information;” and (z) the Administrative Agent and the Arranger shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being
suitable only for posting on a portion of the Platform not designated “Public Side Information.” 
 6.03 Notices.
Cause the Company to promptly notify the Administrative Agent and each Lender: 
 (a) of the occurrence of any Default;

 (b) of any matter that had or is reasonably likely to have a Material Adverse Effect, including (i) breach or
non-performance of, or any default under, a material Contractual Obligation of the Company or any Subsidiary; (ii) any material dispute, litigation, investigation, proceeding or suspension between the Borrower or any Subsidiary and any
Governmental Authority; or (iii) the commencement of, or any material development in, any material litigation or proceeding affecting the Company or any Subsidiary, including pursuant to any applicable Environmental Laws; 

(c) of the occurrence of any ERISA Event that, individually or in the aggregate, exceeds the Threshold Amount; and 

(d) of any material change in accounting policies or financial reporting practices by the Borrowers or any Subsidiary, including any
determination by the Company referred to in Section 2.10(b) not otherwise disclosed in public filings. 
 Each
notice pursuant to this Section 6.03 shall be accompanied by a statement of a Responsible Officer of a Borrower setting forth details of the occurrence referred to therein and stating what action the applicable Borrower has taken and
proposes to take with respect thereto. Each notice pursuant to Section 6.03(a) shall describe with particularity any and all provisions of this Agreement and any other Loan Document that have been breached. 

6.04 Payment of Obligations. Pay and discharge as the same shall become due and payable, all obligations and liabilities, which if
not paid or discharged would reasonably likely have to result in a Material Adverse Effect, including (a) all such tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, unless the same are being
contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the Borrowers or such Subsidiary; (b) all such lawful claims which, if unpaid, would by law become a
Lien upon its property not otherwise permitted by Section 7.01; and (c) all such Indebtedness, as and when due and payable, but subject to any subordination provisions contained in any instrument or agreement evidencing such
Indebtedness. 
 6.05 Preservation of Existence, Etc. (a) Preserve, renew and maintain in full force and effect its
legal existence and good standing under the Laws of the jurisdiction of its 

  
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organization except in a transaction permitted by Section 7.04 or 7.05 and except in the case of any Non-Loan Party where the failure to maintain good standing is not
reasonably likely to have a Material Adverse Effect; (b) take all reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its business, except to the extent that
failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) preserve or renew all of its registered patents, trademarks, trade names and service marks, the non-preservation of which could reasonably be expected
to have a Material Adverse Effect. 
 6.06 Maintenance of Properties. (a) Maintain, preserve and protect all of its
material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted; (b) make all necessary repairs thereto and renewals and replacements thereof except where the
failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) use the standard of care typical in the industry in the operation and maintenance of its facilities. 

6.07 Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of any Borrower,
insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are customarily carried under similar
circumstances by such other Persons. 
 6.08 Compliance with Laws. Comply in all material respects with the requirements
of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by
appropriate proceedings diligently conducted; or (b) the failure to comply therewith is reasonably likely to have a Material Adverse Effect. 
 6.09 Books and Records. Maintain proper books of record and account, in which full entries, true and correct in all material respects, shall be made of all financial transactions and matters
involving the assets and business of the Borrowers or such Subsidiary, as the case may be. 
 6.10 Inspection Rights.
Permit representatives and independent contractors of the Administrative Agent and each Lender to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom,
and to discuss its affairs, finances and accounts with its directors, officers, and independent public accountants, at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to
the Company; provided, however, that when an Event of Default exists the Administrative Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the expense of the
Borrowers at any time during normal business hours and without advance notice. 
 6.11 Use of Proceeds. Use the proceeds
of the Credit Extensions for general corporate purposes not in contravention of any Law applicable to it or of any Loan Document. 

  
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 6.12 Approvals and Authorizations. Maintain all authorizations, consents, approvals
and licenses from, exemptions of, and filings and registrations with, each Governmental Authority of the jurisdiction in which each Foreign Obligor is organized and existing, and all approvals and consents of each other Person in such jurisdiction,
in each case that in the reasonable determination of the Administrative Agent are necessary or advisable in connection with the Loan Documents. 
 6.13 Additional Subsidiary Guarantors. Notify the Administrative Agent at the time that any Person becomes a Domestic Subsidiary, and promptly thereafter (and in any event within 40 days), cause
such Domestic Subsidiary (other than any Immaterial Subsidiary) to (a) become a Subsidiary Guarantor by executing and delivering to the Administrative Agent a counterpart of the Subsidiary Guaranty or such other document as the Administrative
Agent shall deem appropriate for such purpose, and (b) deliver to the Administrative Agent documents of the types referred to in clauses (iii) and (iv) of Section 4.01(a) and favorable opinions of counsel to such Person
(which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to in clause (a)), all in form, content and scope reasonably satisfactory to the Administrative Agent. 

ARTICLE VII. 
 NEGATIVE COVENANTS 
 So long as any Lender shall have any Commitment
hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding (in each case, other than any Specified Obligations), the Borrowers shall not, nor shall they permit any
Subsidiary to, directly or indirectly: 
 7.01 Liens. Create, incur, assume or suffer to exist any Lien upon any of its
property, assets or revenues, whether now owned or hereafter acquired, other than the following: 
 (a) Liens pursuant to any
Loan Document; 
 (b) Liens existing on the date hereof and listed on Schedule 7.01 and any renewals or extensions
thereof, provided that (i) the property covered thereby is not changed, (ii) the amount secured or benefited thereby is not increased except as contemplated by Section 7.03(b), (iii) the direct or any contingent
obligor with respect thereto is not changed, and (iv) any renewal or extension of the obligations secured or benefited thereby is permitted by Section 7.03(b); 

(c) Liens for (i) taxes or other government assessments not yet due or which are being contested in good faith and by appropriate
proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP, and (ii) taxes that are not, individually or in the aggregate, material; 

(d) carriers’, custom brokers’, freight forwarders’, warehousemen’s, mechanics’, materialmen’s,
repairmen’s or other like Liens arising in the ordinary course of business which are not overdue or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are
maintained on the books of the applicable Person; 

  
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 (e) pledges or deposits in the ordinary course of business in connection with workers’
compensation, unemployment insurance and other social security legislation, other than any Lien imposed by ERISA; 
 (f)
deposits to secure the performance of bids, trade contracts and leases (other than Indebtedness), statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business;
and bankers’ liens, rights of setoff and other similar Liens in the ordinary course of business in favor of the bank or institution with which accounts or deposits are maintained, and liens in favor of collecting banks arising under the Uniform
Commercial Code (or similar statutes or equivalents thereof under foreign jurisdictions, including Canada) in the ordinary course of business; 
 (g) easements, rights-of-way, restrictions and other similar encumbrances (including, in the case of any Canadian Subsidiary, the reservations, limitations, provisos and conditions expressed in any
original grants from the Crown) affecting real property which, in the aggregate, are not substantial in amount, and which do not in any case materially detract from the value of the property subject thereto or materially interfere with the ordinary
conduct of the business of the applicable Person; 
 (h) Liens securing judgments for the payment of money not constituting an
Event of Default under Section 8.01(h); 
 (i) Liens or purchase-money security interests (as defined in the
Personal Property Security Act (Ontario), R.S.O., 1990, c.P.10) securing Indebtedness permitted under Section 7.03(e); provided that (i) such Liens do not at any time encumber any property other than the property financed by
such Indebtedness and (ii) the Indebtedness secured thereby does not exceed the cost of the property being acquired on the date of acquisition; 
 (j) deposits in connection with sweepstakes offerings conducted in the ordinary course of business and consistent with past practice; 

(k) Liens in favor of consignors of inventory and proceeds thereof consigned by such consignors to a Borrower or a Subsidiary thereof, in
each case in the ordinary course of business; 
 (l) Liens in favor of landlords on leasehold improvements financed by
allowances or advances pursuant to lease arrangements and in favor of insurance companies or their affiliates in connections with insurance premium financing, in each case in the ordinary course of business; 

(m) customary Liens (on bills of lading and other documents, and any goods relating thereto) under any commercial or trade letter of
credit arrangements; 
 (n) in the case of any Canadian Subsidiary, undetermined or inchoate Liens incidental to current
operations which have not yet been filed pursuant to such Subsidiary or which relate to obligations not yet due or delinquent; 

  
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 (o) title defects or irregularities which are of a minor nature and which in the aggregate
do not materially impair the use of the affected property for the purpose for which it is used; 
 (p) any Lien existing on any
property or asset prior to the acquisition thereof by the Company or any Subsidiary or existing on any property or asset of any Person that becomes a Subsidiary after the Closing Date prior to the time such Person becomes a Subsidiary; provided that
(i) such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming a Subsidiary, (ii) such Lien shall not apply to any other property or assets of the Company or any Subsidiary and
(iii) such Lien shall secure only those obligations which it secures on the date of such acquisition or the date such Person becomes a Subsidiary and extensions, renewals and replacements thereof that do not increase the outstanding principal
amount thereof; and 
 (q) other Liens securing obligations in an aggregate amount not to exceed $1,000,000 at any time.

 7.02 Investments. Make any Investments, except: 

(a) Investments held by the Borrowers or such Subsidiary in the form of Permitted Investments; 

(b) advances to officers, directors and employees of the Borrowers and Subsidiaries (i) in an aggregate amount not to exceed
$1,000,000 at any time outstanding for relocation and analogous ordinary business purpose expenses and (ii) for travel and entertainment expenses in the ordinary course of business; 

(c) Investments of (i) any Loan Party in any Non-Loan Party, subject to Section 7.15(a), (ii) any Loan Party in any other
Loan Party, subject to Section 7.15(b), (iii) any Non-Loan Party in any Non-Loan Party, and (iv) any Non-Loan Party in any Loan Party; 
 (d) Investments consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade credit in the ordinary course of business, and Investments
received in satisfaction or partial satisfaction thereof from financially troubled account debtors to the extent reasonably necessary in order to prevent or limit loss; 
 (e) Guarantees permitted by Section 7.03; 
 (f) acquisitions, so long
as: 
 (i) no Default or Event of Default shall have occurred and be continuing, 

(ii) after giving effect to such transaction, the Company shall be in compliance with the covenants set forth in
Section 7.14 on a Pro Forma Basis, and 
 (iii) the target of such acquisition is in the same line of
business as the Borrowers or in a line of business reasonably incidental or related thereto; 

  
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 (g) Investments in Swap Contracts permitted by Section 7.12; 

(h) Investments consisting of customer and vendor deposits and similar advances made in the ordinary course of business (including in
connection with marketing promotions, such as sweepstakes); and 
 (i) other Investments not exceeding $10,000,000 in the
aggregate in any fiscal year of the Company and its Subsidiaries. 
 7.03 Indebtedness. Create, incur, assume or suffer
to exist any Indebtedness, except: 
 (a) Indebtedness under the Loan Documents; 

(b) Indebtedness outstanding on the date hereof and listed on Schedule 7.03 and any refinancings, refundings, renewals,
amendments, modifications or extensions thereof; provided that (i) the amount of such Indebtedness is not increased at the time of such refinancing, refunding, renewal, amendment, modification or extension except by an amount equal to a
reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder and (ii) the terms relating to principal
amount, amortization, maturity, collateral (if any) and subordination (if any), and other material terms taken as a whole, of any such refinancing, refunding, renewing or extending Indebtedness, and of any agreement entered into and of any
instrument issued in connection therewith, are no less favorable in any material respect to the Loan Parties or the Lenders than the terms of any agreement or instrument governing the Indebtedness being refinanced, refunded, renewed or extended and
the interest rate applicable to any such refinancing, refunding, renewing or extending Indebtedness does not exceed the then applicable market interest rate; 
 (c) intercompany loans (i) from any Loan Party to any Non-Loan Party, subject to Section 7.15(a), (ii) from any Loan Party to any Loan Party, subject to Section 7.15(b),
(iii) from any Non-Loan Party to any Non-Loan Party, and (iv) from any Non-Loan Party to any Loan Party; 
 (d)
Guarantees (i) by any Loan Party in respect of Indebtedness owed by a non-Loan Party, subject to Section 7.15(a), (ii) by any Loan Party in respect to Indebtedness owed by a Loan Party, subject to Section 7.15(b), (iii) by
any Non-Loan Party in respect of Indebtedness of a Non-Loan Party, and (iv) by any Non-Loan Party in respect of Indebtedness of a Loan Party; 
 (e) Indebtedness in respect of capital leases, Synthetic Lease Obligations and purchase money obligations for fixed or capital assets within the limitations set forth in Section 7.01(i);
provided, however, that the aggregate amount of all such Indebtedness at any one time outstanding shall not exceed $12,500,000; 
 (f) unsecured Indebtedness for borrowed money in an aggregate principal amount not to exceed $100,000,000 at any time outstanding; 

  
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 (g) Indebtedness under the Trade Facilities in an aggregate amount not to exceed
$135,000,000; 
 (h) Permitted Guarantees; 
 (i) Indebtedness incurred in connection with Liens permitted by Section 7.01(k) and (l); 
 (j) Indebtedness of any Person that becomes a Subsidiary after the date hereof pursuant to an acquisition permitted by 7.02(f); 
 (k) Indebtedness under performance bonds or with respect to workers’ compensation claims, in each case incurred in the ordinary course of business; and 

(l) Indebtedness arising under any Swap Contracts permitted by Section 7.12. 

7.04 Fundamental Changes. Merge, amalgamate, dissolve, liquidate, consolidate with or into another Person, or Dispose of
(whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person, except that, so long as no Default exists or would result therefrom:

 (a) any Subsidiary (other than a Borrower) may merge, consolidate or amalgamate with (i) any Borrower, so long as the
Borrower shall be the continuing or surviving Person and (ii) any other Subsidiary; provided that when any Subsidiary Guarantor is merging with another Subsidiary that is not a Subsidiary Guarantor, the Subsidiary Guarantor shall be the
continuing or surviving Person; 
 (b) any Subsidiary may Dispose of all or substantially all of its assets (upon voluntary
liquidation or otherwise) to any Borrower or to another Subsidiary; provided that if the transferor in such a transaction is a Subsidiary Guarantor, then the transferee must either be any Borrower or a Subsidiary Guarantor; and 

(c) any Subsidiary (other than a Borrower) may liquidate or dissolve if the Company determines in good faith that such liquidation or
dissolution is in the best interests of the Company and is not materially disadvantageous to the Lenders. 
 7.05
Dispositions. Make any Disposition or enter into any agreement to make any Disposition, except: 
 (a) Dispositions of
obsolete or worn out or not used or useful property, whether now owned or hereafter acquired, in the ordinary course of business, including, without limitation, in connection with remodels and closings; 

(b) Dispositions of inventory in the ordinary course of business; 

(c) Dispositions of equipment or real property to the extent that (i) such property is exchanged for credit against the purchase
price of similar replacement property or (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price of such replacement property; 

  
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 (d) Dispositions of property by any Subsidiary to a Borrower or to a wholly-owned
Subsidiary; provided that if the transferor of such property is a Subsidiary Guarantor, the transferee thereof must either be a Borrower or a Subsidiary Guarantor; 
 (e) Dispositions permitted by Sections 7.04 and 7.11; 
 (f)
Dispositions by the Company or any Subsidiary of assets with a fair market value not to exceed $25,000,000 in any fiscal year of the Company; 
 (g) Licenses of intellectual property, licensed departments and the granting of franchises and similar rights, each in the ordinary course of business; and 

(h) Leases or sub-leases of real property; 
 provided, that any Disposition pursuant to clauses (a) through (f) shall be for fair market value. 
 7.06 Restricted Payments. Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that: 

(a) each Subsidiary may make Restricted Payments to a Borrower, the Subsidiary Guarantors and any other Person that owns an Equity
Interest in such Subsidiary, ratably according to their respective holdings of the type of Equity Interest in respect of which such Restricted Payment is being made; 
 (b) each Borrower and each Subsidiary may declare and make dividend payments or other distributions payable solely in the common stock or other common Equity Interests of such Person; 

(c) each Borrower and each Subsidiary may purchase, redeem or otherwise acquire Equity Interests issued by it with the proceeds received
from the substantially concurrent issue of new shares of its common stock or other common Equity Interests; 
 (d) the Company
may make any Restricted Payment so long as (i) no Default or Event of Default shall have occurred and be continuing and (ii) after giving effect to such Restricted Payment, the Company shall be in compliance with the financial covenants in
Section 7.14 on a Pro Forma Basis; and 
 (e) in connection with the Company’s employee stock incentive plans,
the Company may withhold shares, and pay amounts to the Internal Revenue Service in an amount not to exceed the value of such withheld shares. 
 7.07 Change in Nature of Business; Change in Fiscal Year. (a) Engage in any material line of business substantially different from those lines of business conducted by any Borrower and
their Subsidiaries on the date hereof or any business substantially related or 

  
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incidental thereto (b) or change the fiscal year of the Borrowers or their Subsidiaries, other than in respect of any Foreign Subsidiary that is required under applicable Law to have a
fiscal year that is not the Company’s fiscal year. 
 7.08 Transactions with Affiliates. Enter into any
transaction which, individually or in the aggregate, is material, of any kind with any Affiliate of any Borrower, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to the Company or
such Subsidiary as would be obtainable by the Company or such Subsidiary at the time in a comparable arm’s length transaction with a Person other than an Affiliate; provided that the Company and its Subsidiaries may enter into
transactions with one another on a non-arms length basis to the extent the Company determines that such transaction would be beneficial to the Company and its Subsidiaries, taken as a whole, and so long as the aggregate “benefit” or
“value” that is transferred pursuant to all such transactions from (a) a Loan Party to a Non-Loan Party does not exceed the amounts set forth in Section 7.15(a), and (b) a Loan Party to another Loan Party does not
exceed the amounts set forth in Section 7.15(b). 
 7.09 Burdensome Agreements. Enter into any
Contractual Obligation (other than this Agreement or any other Loan Document) that (a) limits the ability (i) of any Subsidiary to make Restricted Payments to any Borrower or any Subsidiary Guarantor or to otherwise transfer property to
any Borrower or any Subsidiary Guarantor, (ii) of any Subsidiary to Guarantee the Indebtedness of any Borrower or (iii) of any Borrower or any Subsidiary to create, incur, assume or suffer to exist Liens on property of such Person;
provided, however, that this clause (iii) shall not prohibit any negative pledge incurred or provided in favor of any holder of Indebtedness permitted under Section 7.03(d) solely to the extent any such negative pledge
relates to the property financed by or the subject of such Indebtedness; or (b) requires the grant of a Lien to secure an obligation of such Person if a Lien is granted to secure another obligation of such Person. 

7.10 Use of Proceeds. Use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately,
incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such
purpose. 
 7.11 Sale and Leaseback. Except for any sale and leaseback of real property (other than leasehold
interests) between and among U.S. Loan Parties, enter into any agreement or arrangement providing for the sale or transfer by it of any property (now owned or hereafter acquired) to a Person and the subsequent lease or rental of such property or
other similar property from such Person. 
 7.12 Swap Contracts. Enter into any Swap Contract, unless such Swap
Contracts (i) are (or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by
such Person, or changes in the value of securities issued by such Person, and not for purposes of speculation or taking a “market view;” and (ii) such Swap Contract does not contain any provision exonerating the non-defaulting party
from its obligation to make payments on outstanding transactions to the defaulting party. 

  
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 7.13 Modification of Certain Agreements. Consent to any amendment, supplement,
waiver or other modification of, or enter into any forbearance from exercising any rights with respect to the terms or provisions contained in any document, agreement or instrument evidencing or governing any Indebtedness that has been subordinated
to the Obligations in right of payment unless such amendment, supplement, waiver or other modification is permitted under the terms of the subordination agreement applicable thereto. 

7.14 Financial Covenants. 
 (a) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter to be greater than 3.75:1.00. 

(b) Consolidated Fixed Charge Coverage Ratio. Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal
quarter to be less than 1.50:1.00. 
 (c) Adjustments to Consolidated EBITDAR and Consolidated Fixed Charge Coverage Ratio;
Etc. 
 (i) EBITDAR Adjustments. In determining Consolidated EBITDAR for any period, there shall be
(i) included in such Consolidated EBITDAR all Consolidated EBITDAR attributable to any Person or business acquired by (and thereafter owned by) the Company or any of its Subsidiaries during such period on a Pro Forma Basis and
(ii) excluded from such Consolidated EBITDAR all Consolidated EBITDAR attributable to any Person or business disposed of by the Company or any of its Subsidiaries during such period on a Pro Forma Basis. 

(ii) Fixed Charge Adjustments. In determining the Consolidated Fixed Charge Coverage Ratio for any period, there
shall be (i) included in the calculation of such Consolidated Fixed Charge Coverage Ratio, all Consolidated Capital Expenditures, scheduled principal payments in respect of Indebtedness, Consolidated Rental Expense and Consolidated Interest
Charges attributable to any Person or business acquired by (and thereafter owned by) the Company or any of its Subsidiaries during such period on a Pro Forma Basis and (ii) excluded from the calculation of such Consolidated Fixed Charge
Coverage Ratio, all Consolidated Capital Expenditures, scheduled principal payments in respect of Indebtedness, Consolidated Rental Expense and Consolidated Interest Charges attributable to any Person or business disposed of by the Company or any of
its Subsidiaries during such period on a Pro Forma Basis. 
 (iii) Miscellaneous. For purposes of this
clause (c), the Consolidated EBITDAR, Consolidated Capital Expenditures, scheduled principal payments in respect of Indebtedness, Consolidated Rental Expense and Consolidated Interest Charges (and related definitions) attributable to any such
acquired or disposed Person or business prior to the date of acquisition or disposition thereof shall be determined in a manner consistent with the method for determining such amounts, but on a non-consolidated basis. 

(iv) Additional Adjustments. For purposes of this Section 7.14(c), the calculations described above
attributable to any business acquired or disposed of by the Company or any of its Subsidiaries during any period may be adjusted to more accurately 

  
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reflect the financial condition and results of operations of the acquired or disposed business after giving effect to the acquisition or disposition, as the case may be, as mutually determined
and agreed to by the Company and the Administrative Agent. The Company and the Administrative Agent shall each use good faith efforts to mutually determine and agree to any such adjustments. 

7.15 Intercompany Transfers. 
 (a) Transfers from Loan Parties to Non-Loan Parties. Permit the sum of (i) Investments made pursuant to Section 7.02(c)(i), (ii) Indebtedness incurred pursuant to
Section 7.03(c)(i), (iii) Guarantees pursuant to Section 7.03(d)(i), and (iv) transfers pursuant to Section 7.08(i), to exceed $20,000,000 less any amounts transferred pursuant to clause (b) below, in any fiscal
year of the Company. 
 (b) Transfers from U.S. Loan Parties to Non-U.S. Loan Parties. The sum of (i) Investments
made pursuant to Section 7.02(c)(ii), (ii) Indebtedness incurred pursuant to Section 7.03(c)(ii), (iii) Guarantees pursuant to Section 7.03(d)(ii), and (iv) transfers pursuant to Section 7.08(ii), shall not be
restricted except to the extent that the sum of all such transfers from Loan Parties organized or incorporated in the United States to Loan Parties organized or incorporated in a jurisdiction outside the United States shall not exceed $20,000,000
less any amounts transferred pursuant to clause (a) above in any fiscal year of the Company. 
 ARTICLE VIII.

 EVENTS OF DEFAULT AND REMEDIES 
 8.01 Events of Default. Any of the following shall constitute an Event of Default: 
 (a) Non-Payment. Any Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein, and in the currency required hereunder, any amount of principal of any Loan or
any L/C Obligation, or (ii) within three days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any fee due hereunder, or (iii) within five days after the same becomes due, any other amount payable hereunder
or under any other Loan Document; or 
 (b) Specific Covenants. The Borrowers fail to perform or observe any term,
covenant or agreement contained in any of Section 6.01, 6.02, 6.03, 6.05, 6.10, 6.11 or 6.13 or Article VII; or 
 (c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in subsection (a) or (b) above) contained in any Loan Document on its part to
be performed or observed and such failure continues for 30 days after a Responsible Officer of a Borrower becomes aware of such failure, whether by notice or otherwise; or 
 (d) Representations and Warranties. Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of any Borrower or any other Loan Party herein, in any other
Loan Document, or in any document delivered in connection herewith or therewith shall be incorrect or misleading in any material respect when made or deemed made; or 

  
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 (e) Cross-Default. (i) Any Borrower or any Subsidiary (A) fails to make any
payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or Guarantee (other than Indebtedness hereunder and Indebtedness under Swap Contracts) having an aggregate
principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount, or (B) fails to observe or perform any other
agreement or condition relating to any such Indebtedness or Guarantee or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause, or to
permit the holder or holders of such Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required and
after the expiration of any applicable cure period, such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such
Indebtedness to be made, prior to its stated maturity, or such Guarantee to become payable or cash collateral in respect thereof to be demanded; or (ii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap
Contract) resulting from (A) any event of default under such Swap Contract as to which any Borrower or any Subsidiary is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event (as so defined) under such Swap
Contract as to which any Borrower or any Subsidiary is an Affected Party (as so defined) and, in either event, the Swap Termination Value owed by such Borrower or such Subsidiary as a result thereof is greater than the Threshold Amount; or

 (f) Insolvency Proceedings, Etc. Any Loan Party or any of its Subsidiaries other than an Excluded Subsidiary
institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator,
rehabilitator or similar officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person
and the appointment continues undischarged or unstayed for 60 calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person
and continues undismissed or unstayed for 60 calendar days, or an order for relief is entered in any such proceeding; or 
 (g)
Inability to Pay Debts; Attachment. (i) Any Borrower or any Subsidiary other than an Excluded Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or
warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or 

(h) Judgments. There is entered against any Borrower or any Subsidiary (i) one or more final judgments or orders for the
payment of money in an aggregate amount (as to all such judgments or orders) exceeding the Threshold Amount (to the extent not covered by independent third-party insurance as to which the insurer does not dispute coverage), or (ii) any one or
more non-monetary final judgments that have, or are reasonably likely to have, 

  
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individually or in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a
period of 15 consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect; or 
 (i) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably be expected to result in liability of the Company under
Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in excess of the Threshold Amount, or (ii) the Company or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace
period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount in excess of the Threshold Amount; or 

(j) Invalidity of Loan Documents. Any provision of any Loan Document, at any time after its execution and delivery and for any
reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Loan Party or any other Person contests in any manner the validity or enforceability of
any provision of any Loan Document; or any Loan Party denies that it has any or further liability or obligation under any Loan Document, or purports to revoke, terminate or rescind any provision of any Loan Document; or 

(k) Change of Control. There occurs any Change of Control. 

8.02 Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the Administrative Agent shall, at
the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions: 
 (a) declare the
commitment of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be terminated; 

(b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or
payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrowers; 

(c) require that the Borrowers Cash Collateralize the L/C Obligations (in an amount equal to the then Outstanding Amount thereof); and

 (d) exercise on behalf of itself, the Lenders and the L/C Issuer all rights and remedies available to it, the Lenders and the
L/C Issuer under the Loan Documents; 
 provided, however, that upon the occurrence of an entry of an order for relief with
respect to any Borrower under the Bankruptcy Code of the United States, the obligation of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of all
outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of the Borrowers to Cash Collateralize the L/C Obligations as aforesaid shall automatically become effective, in each
case without further act of the Administrative Agent or any Lender. 

  
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 8.03 Application of Funds. After the exercise of remedies provided for in
Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any
amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order: 

First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees,
charges and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such; 
 Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders and the L/C
Issuer (including fees, charges and disbursements of counsel to the respective Lenders and the L/C Issuer (including fees and time charges for attorneys who may be employees of any Lender or the L/C Issuer) and amounts payable under Article
III), ratably among them in proportion to the respective amounts described in this clause Second payable to them; 

Third, to payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the
Loans, L/C Borrowings and other Obligations (other than Swap Obligations and Bank Product Obligations), ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Third payable to them;

 Fourth, to payment of that portion of the Obligations constituting unpaid principal of the Loans and L/C Borrowings,
ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Fourth held by them; 
 Fifth, ratably to (a) the Administrative Agent for the account of the L/C Issuer, to Cash Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of
Credit, (b) to holders of Swap Obligations in connection with Swap Obligations then due and owing and (c) to holders of Bank Product Obligations in connection with Bank Product Obligations then due and owing; and 

Last, the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Borrowers or as otherwise
required by Law. 
 Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn amount of
Letters of Credit pursuant to clause Fifth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all Letters of Credit have either been fully drawn or
expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above. 

  
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 ARTICLE IX. 
 ADMINISTRATIVE AGENT 
 9.01 Appointment and Authority.

 Each of the Lenders and the L/C Issuer hereby irrevocably appoints HSBC to act on its behalf as the Administrative Agent
hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such
actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the L/C Issuer, and neither any Borrower nor any other Loan Party shall have rights as a
third party beneficiary of any of such provisions. 
 9.02 Rights as a Lender. The Person serving as the
Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders”
shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money
to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrowers or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and
without any duty to account therefor to the Lenders. 
 9.03 Exculpatory Provisions. The Administrative Agent
shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents. Without limiting the generality of the foregoing, the Administrative Agent: 

(a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;

 (b) shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary
rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be
expressly provided for herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to
liability or that is contrary to any Loan Document or applicable law; and 
 (c) shall not, except as expressly set forth herein
and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to any of the Borrowers or any of their respective Affiliates that is communicated to or obtained by the Person
serving as the Administrative Agent or any of its Affiliates in any capacity. 
 The Administrative Agent shall not be liable
for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders (or such other number or percentage 

  
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of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 10.01 and 8.02)
or (ii) in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given to the Administrative Agent by the
Company, a Lender or the L/C Issuer. 
 The Administrative Agent shall not be responsible for or have any duty to ascertain or
inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in
connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability,
effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of
items expressly required to be delivered to the Administrative Agent. 
 9.04 Reliance by Administrative Agent.

 The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice,
request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise
authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In
determining compliance with any condition hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the L/C Issuer, the Administrative Agent may presume that such
condition is satisfactory to such Lender or the L/C Issuer unless the Administrative Agent shall have received notice to the contrary from such Lender or the L/C Issuer prior to the making of such Loan or the issuance of such Letter of Credit. The
Administrative Agent may consult with legal counsel (who may be counsel for the Company), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any
such counsel, accountants or experts. 
 9.05 Delegation of Duties. The Administrative Agent may perform any and
all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all
of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such
sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. 

9.06 Resignation of Administrative Agent. The Administrative Agent may at any time give notice of its resignation to the
Lenders, the L/C Issuer and the Company. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with 

  
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the Company, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such successor shall
have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may on behalf of the Lenders
and the L/C Issuer, appoint a successor Administrative Agent meeting the qualifications set forth above; provided that if the Administrative Agent shall notify the Company and the Lenders that no qualifying Person has accepted such
appointment, then such resignation shall nonetheless become effective in accordance with such notice and (1) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents and
(2) all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and the L/C Issuer directly, until such time as the Required Lenders appoint a
successor Administrative Agent as provided for above in this Section. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers,
privileges and duties of the retiring (or retired) Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged
therefrom as provided above in this Section). The fees payable by the Borrowers to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Company and such successor. After the
retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and Section 10.04 shall continue in effect for the benefit of such retiring Administrative Agent, its
sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Administrative Agent was acting as Administrative Agent. 

9.07 Non-Reliance on Administrative Agent and Other Lenders. Each Lender and the L/C Issuer acknowledges that it has,
independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into
this Agreement. Each Lender and the L/C Issuer also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it
shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder.

 9.08 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Joint Bookrunners,
Joint Lead Arrangers or Co-Documentation Agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative
Agent, a Lender or the L/C Issuer hereunder. 
 9.09 Administrative Agent May File Proofs of Claim. In case of the
pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as herein
expressed or by declaration or otherwise and 

  
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irrespective of whether the Administrative Agent shall have made any demand on any Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C
Obligations and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the L/C Issuer and the Administrative Agent (including any claim for the
reasonable compensation, expenses, disbursements and advances of the Lenders, the L/C Issuer and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the L/C Issuer and the Administrative Agent
under  
 Sections 2.03(i) and (j), 2.09 and 10.04) allowed in such judicial proceeding; and 

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

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized
by each Lender and the L/C Issuer to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders and the L/C Issuer, to pay to the Administrative
Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.09 and 10.04.

 Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt
on behalf of any Lender or the L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or the L/C Issuer to authorize the Administrative Agent to vote in respect of the
claim of any Lender or the L/C Issuer in any such proceeding. 
 9.10 Guaranty Matters. The Lenders and the L/C
Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty if such Person ceases to be a Subsidiary as a result of a transaction
permitted hereunder. 
 Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the
Administrative Agent’s authority to release any Subsidiary Guarantor from its obligations under the Guaranty pursuant to this Section 9.10. 
 ARTICLE X. 
 MISCELLANEOUS 

10.01 Amendments, Etc. No amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent
to any departure by the Borrowers or any other Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders and the Borrowers or the applicable Loan Party, as the case may be, and acknowledged by the Administrative
Agent, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall: 

(a) waive any condition set forth in Section 4.01(a) without the written consent of each Lender; 

  
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 (b) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated
pursuant to Section 8.02) without the written consent of such Lender; 
 (c) postpone any date fixed by this
Agreement or any other Loan Document for any payment of principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under any other Loan Document without the written consent of each Lender directly affected thereby;

 (d) reduce the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or (subject to clause
(iv) of the second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document without the written consent of each Lender directly affected thereby; provided, however,
that only the consent of the Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation of any Borrower to pay interest or Letter of Credit Fees at the Default Rate; 

(e) change Section 2.13 or Section 8.03 in a manner that would alter the pro rata sharing of payments required
thereby without the written consent of each Lender; 
 (f) amend Section 1.06 or the definition of “Alternative
Currency” without the written consent of each Lender; 
 (g) change any provision of this Section or the definition of
“Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder without the written
consent of each Lender; or 
 (h) release all or substantially all of the value of the Subsidiary Guaranty without the written
consent of each Lender, except to the extent the release of any Subsidiary Guarantor is permitted pursuant to Section 9.10 (in which case such release may be made by the Administrative Agent acting alone); 

and, provided further, that (i) no amendment, waiver or consent shall, unless in writing and signed by the L/C Issuer in addition to the
Lenders required above, affect the rights or duties of the L/C Issuer under this Agreement or any Issuer Document relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing and
signed by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; and (iii) the Fee Letter may be amended, or rights or
privileges thereunder waived, in a writing executed only by the parties thereto. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except
that the Commitment of such Lender may not be increased or extended without the consent of such Lender. 

  
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 10.02 Notices; Effectiveness; Electronic Communication. 

(a) Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and
except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier
as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(i) if to a Borrower, the Administrative Agent or the L/C Issuer, to the address, telecopier number, electronic mail
address or telephone number specified for such Person on Schedule 10.02; and 
 (ii) if to any other
Lender, to the address, telecopier number, electronic mail address or telephone number specified in its Administrative Questionnaire. 
 Notices and other communications sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and other communications
sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient).
Notices and other communications delivered through electronic communications to the extent provided in subsection (b) below, shall be effective as provided in such subsection (b). 

(b) Electronic Communications. Notices and other communications to the Lenders and the L/C Issuer hereunder may be delivered or
furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply to notices to any Lender or the L/C Issuer
pursuant to Article II if such Lender or the L/C Issuer, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the Company
may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or
communications. 
 Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an
e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement),
provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the
recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of
notification that such notice or communication is available and identifying the website address therefor. 

  
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 (c) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS
AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO
WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN
CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to any Borrower, any Lender, the L/C Issuer or
any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of any Borrower’s or the Administrative Agent’s transmission of Borrower Materials through the Internet,
except to the extent that such losses, claims, damages, liabilities or expenses resulted from the gross negligence or willful misconduct of such Agent Party; provided, however, that in no event shall any Agent Party have any liability
to any Borrower, any Lender, the L/C Issuer or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages). 
 (d) Change of Address, Etc. Each of the Borrowers, the Administrative Agent and the L/C Issuer may change its address, telecopier or telephone number for notices and other communications hereunder
by notice to the other parties hereto. Each other Lender may change its address, telecopier or telephone number for notices and other communications hereunder by notice to the Company, the Administrative Agent and the L/C Issuer. In addition, each
Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, telecopier number and electronic mail address to which notices
and other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the
“Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable
Law, including United States Federal and state securities Laws, to make reference to Borrower Materials that are not made available through the “Public Side Information” portion of the Platform and that may contain material non-public
information with respect to the Borrower or its securities for purposes of United States Federal or state securities laws. 

(e) Reliance by Administrative Agent, L/C Issuer and Lenders. The Administrative Agent, the L/C Issuer and the Lenders
shall be entitled to rely and act upon any notices (including telephonic Committed Loan Notices) purportedly given by or on behalf of any Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not
preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrowers shall indemnify the Administrative Agent, the L/C Issuer, each
Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of any Borrower. All telephonic notices to and other
telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 

  
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 10.03 No Waiver; Cumulative Remedies; Enforcement. No failure by any Lender or
the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege
hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and
privileges provided by law. 
 Notwithstanding anything to the contrary contained herein or in any other Loan Document, the
authority to enforce rights and remedies hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be
instituted and maintained exclusively by, the Administrative Agent in accordance with Section 8.02 for the benefit of all the Lenders and the L/C Issuer; provided, however, that the foregoing shall not prohibit (a) the
Administrative Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) the L/C Issuer from exercising the
rights and remedies that inure to its benefit (solely in its capacity as L/C Issuer) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights in accordance with Section 10.08 (subject to the terms
of Section 2.13), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Loan Party under any Debtor Relief Law; and provided,
further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative Agent pursuant to
Section 8.02 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.13, any Lender may, with the consent of the Required Lenders, enforce any
rights and remedies available to it and as authorized by the Required Lenders. 
 10.04 Expenses; Indemnity; Damage
Waiver. 
 (a) Costs and Expenses. The Borrowers shall pay (i) all reasonable and documented out-of-pocket
expenses incurred by the Administrative Agent and the Joint Lead Arrangers and their Affiliates (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent), in connection with the syndication of the credit
facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the
transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket expenses incurred by the L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for
payment thereunder and (iii) all out-of-pocket expenses incurred by the Administrative Agent, any Lender or the L/C Issuer (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or the L/C
Issuer), and shall pay all fees and time charges for attorneys who may be employees of the Administrative Agent, any Lender or the L/C Issuer, in connection with the enforcement or protection of its

  
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rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued
hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. Notwithstanding the foregoing, the obligation to reimburse the Administrative Agent and
the Joint Lead Arrangers in connection with the matters described in clause (i) above, and the Lenders and the L/C Issuer in connection with the matters described in clause (iii) above shall be limited to one separate law firm for the
Administrative Agent, the Joint Lead Arrangers, the Lenders and the L/C Issuer in each relevant jurisdiction (unless there shall exist an actual conflict of interest among the Administrative Agent, the Joint Lead Arrangers, the Lenders and the L/C
Issuer, in which case, one or more additional law firms shall be permitted to the extent necessary to eliminate such conflict). 

(b) Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each
Lender and the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and
related expenses (including the documented fees, charges and disbursements of any counsel for any Indemnitee), incurred in good faith by any Indemnitee or asserted against any Indemnitee by any third party or by any Borrower or any other Loan Party
arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their
respective obligations hereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this
Agreement and the other Loan Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the L/C Issuer to
honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous
Materials on or from any property owned or operated by any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to any Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation,
investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by any Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party
thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) have resulted from the gross negligence or willful misconduct of
such Indemnitee, (y) result from a claim brought by any Borrower or any other Loan Party against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document or (z) result from any
dispute solely among the Indemnitees. Notwithstanding the foregoing, the Borrowers shall not be liable for the fees, charges and disbursements of more than one separate law firm for all Indemnitees in each relevant jurisdiction with respect to the
same matter (unless there shall exist an actual conflict of interest among the Indemnitees, in which case, one or more additional law firms shall be permitted to the extent necessary to eliminate such conflict). 

  
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 (c) Reimbursement by Lenders. To the extent that the Borrowers for any reason fail to
indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), the L/C Issuer or any Related Party of any of the foregoing, each Lender severally
agrees to pay to the Administrative Agent (or any such sub-agent), the L/C Issuer or such Related Party, as the case may be, such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity
payment is sought) of such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such
sub-agent) or the L/C Issuer in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent) or L/C Issuer in connection with such capacity. The obligations of the Lenders
under this subsection (c) are subject to the provisions of Section 2.12(d). 
 (d) Waiver of Consequential
Damages, Etc. To the fullest extent permitted by applicable law, no Borrower shall assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to
direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of
Credit or the use of the proceeds thereof. No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such unintended
recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or
actual damages resulting from the gross negligence or willful misconduct of such Indemnitee. 
 (e) Payments. All amounts
due under this Section shall be payable not later than ten Business Days after demand therefor. 
 (f) Survival. The
agreements in this Section shall survive the resignation of the Administrative Agent and the L/C Issuer, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other
Obligations. 
 10.05 Payments Set Aside. To the extent that any payment by or on behalf of any Borrower is made
to the Administrative Agent, the L/C Issuer or any Lender, or the Administrative Agent, the L/C Issuer or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated,
declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent, the L/C Issuer or such Lender in its discretion) to be repaid to a trustee, receiver or any other party,
in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as
if such payment had not been made or such setoff had not occurred, and (b) each Lender and the L/C Issuer severally agrees to pay to the Administrative Agent upon demand its applicable 

  
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share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate
per annum equal to the applicable Overnight Rate from time to time in effect, in the applicable currency of such recovery or payment. The obligations of the Lenders and the L/C Issuer under clause (b) of the preceding sentence shall survive the
payment in full of the Obligations and the termination of this Agreement. 
 10.06 Successors and Assigns. 

(a) Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby, except that no Borrower may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each
Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of subsection (b) of this Section, (ii) by way of participation in accordance
with the provisions of subsection (d) of this Section, or (iii) by way of pledge or assignment of a security interest subject to the restrictions of subsection (f) of this Section (and any other attempted assignment or transfer by any
party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent
provided in subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the L/C Issuer and the Lenders) any legal or equitable right, remedy or claim under or by
reason of this Agreement. 
 (b) Assignments by Lenders. Any Lender may at any time assign to one or more assignees all
or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans (including for purposes of this subsection (b), participations in L/C Obligations) at the time owing to it); provided
that any such assignment shall be subject to the following conditions: 
 (i) Minimum Amounts.

 (A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and
the Loans at the time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 

(B) in any case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for
this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and
Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $5,000,000 unless each of the
Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Company otherwise 

  
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consents (each such consent not to be unreasonably withheld or delayed); provided, however, that concurrent assignments to members of an Assignee Group and concurrent assignments
from members of an Assignee Group to a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether such minimum amount has been met. 

(ii) Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all
the assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned; 
 (iii) Required Consents. No consent shall be required for any assignment except to the extent required by subsection (b)(i)(B) of this Section and, in addition: 

(A) the consent of the Company (such consent not to be unreasonably withheld or delayed) shall be required unless
(1) an Event of Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund, provided that the Company shall be deemed to have consented
to any such assignment unless it shall object thereto by written notice to the Administrative Agent within 5 Business Days after having received notice thereof; 
 (B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required if such assignment is to a Person that is not a Lender, an Affiliate of such Lender
or an Approved Fund with respect to such Lender; and 
 (C) the consent of the L/C Issuer (such consent not to be
unreasonably withheld or delayed) shall be required for any assignment that increases the obligation of the assignee to participate in exposure under one or more Letters of Credit (whether or not then outstanding). 

(iv) Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative
Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation
fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. 
 (v) No Assignment to Borrowers. No such assignment shall be made to the Borrowers or any of the Borrowers’ Affiliates or Subsidiaries. 

(vi) No Assignment to Natural Persons. No such assignment shall be made to a natural person. 

Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c) of this Section, from and after
the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the 

  
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interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest
assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender
shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05, and 10.04 with respect to facts and circumstances occurring prior to the effective date of such assignment.
Upon request, each Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for
purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsection (d) of this Section. 
 (c) Register. The Administrative Agent, acting solely for this purpose as an agent of the Borrowers, shall maintain at the Administrative Agent’s Office a copy of each Assignment and
Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from time to
time (the “Register”). The entries in the Register shall be conclusive, and the Borrowers, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a
Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrowers and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

 (d) Participations. Any Lender may at any time, without the consent of, or notice to, any Borrower or the
Administrative Agent, sell participations to any Person (other than a natural person or any Borrower or any of the Borrowers’ Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights
and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans (including such Lender’s participations in L/C Obligations) owing to it); provided that (i) such Lender’s obligations under
this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrowers, the Administrative Agent, the Lenders and the L/C Issuer
shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. 
 Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment,
modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification
described in the first proviso to Section 10.01 that affects such Participant. Subject to subsection (e) of this Section, each Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.01,
3.04 and 3.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the
benefits of Section 10.08 as though it were a Lender, provided such Participant agrees to be subject to Section 2.13 as though it were a Lender. 

  
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 (e) Limitations upon Participant Rights. A Participant shall not be entitled to
receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such
Participant is made with the Company’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.01 unless the Company is notified of the participation
sold to such Participant and such Participant agrees, for the benefit of the Borrowers, to comply with Section 3.01(e) as though it were a Lender. 
 (f) Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including under its Note(s), if any) to secure
obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such
pledgee or assignee for such Lender as a party hereto. 
 (g) Resignation as L/C Issuer after Assignment. Notwithstanding
anything to the contrary contained herein, if at any time any L/C Issuer assigns all of its Commitment and Loans pursuant to subsection (b) above, such L/C Issuer may, upon 30 days’ notice to the Company and the Lenders, resign as L/C
Issuer. In the event of any such resignation as L/C Issuer, the Company shall be entitled to appoint from among the Lenders a successor L/C Issuer hereunder; provided, however, that no failure by the Company to appoint any such
successor shall affect the resignation of such L/C Issuer as L/C Issuer, as the case may be. If any L/C Issuer resigns as L/C Issuer, it shall retain all the rights, powers, privileges and duties of the L/C Issuer hereunder with respect to all
Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Committed Loans or fund risk participations in
Unreimbursed Amounts pursuant to Section 2.03(c). Upon the appointment of a successor L/C Issuer, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C
Issuer, as the case may be, and (b) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the applicable
L/C Issuer to effectively assume the obligations of such L/C Issuer with respect to such Letters of Credit. 
 10.07
Treatment of Certain Information; Confidentiality. Each of the Administrative Agent, the Lenders and the L/C Issuer agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed
(a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, trustees, advisors and representatives (it being understood that the Persons to whom such disclosure is made will be informed
of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority, such
as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of
any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the 

  
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enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant
in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or any Eligible Assignee invited to be a Lender pursuant to Section 2.16(c) or (ii) any actual or prospective counterparty
(or its advisors) to any swap or derivative transaction relating to a Borrower and its obligations, (g) with the consent of the Company or (h) to the extent such Information (x) becomes publicly available other than as a result of a
breach of this Section or (y) becomes available to the Administrative Agent, any Lender, the L/C Issuer or any of their respective Affiliates on a nonconfidential basis from a source other than the Company. 

For purposes of this Section, “Information” means all information received from any Borrower or any Subsidiary relating
to any Borrower or any Subsidiary or any of their respective businesses, other than any such information that is available to the Administrative Agent, any Lender or the L/C Issuer on a nonconfidential basis prior to disclosure by any Borrower or
any Subsidiary, provided that, in the case of information received from any Borrower or any Subsidiary after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the
confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person
would accord to its own confidential information. 
 Each of the Administrative Agent, the Lenders and the L/C Issuer
acknowledges that (a) the Information may include material non-public information concerning a Borrower or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information
and (c) it will handle such material non-public information in accordance with applicable Law, including United States Federal and state securities Laws. 
 10.08 Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender, the L/C Issuer and each of their respective Affiliates is hereby authorized at any
time and from time to time, to the fullest extent permitted by applicable law and with respect to any Foreign Subsidiary, only to the extent of amounts owed by any Foreign Borrower, to set off and apply any and all deposits (general or special, time
or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender, the L/C Issuer or any such Affiliate to or for the credit or the account of any Borrower against
any and all of the obligations of such Borrower now or hereafter existing under this Agreement or any other Loan Document to such Lender or the L/C Issuer, irrespective of whether or not such Lender or the L/C Issuer shall have made any demand under
this Agreement or any other Loan Document and although such obligations of such Borrower may be contingent or unmatured or are owed to a branch or office of such Lender or the L/C Issuer different from the branch or office holding such deposit or
obligated on such indebtedness. The rights of each Lender, the L/C Issuer and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, the L/C Issuer or their
respective Affiliates may have. Each Lender and the L/C Issuer agrees to use commercially reasonable efforts to notify the Administrative Agent prior to such setoff, and to notify the Company and the Administrative Agent promptly after any such
setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application. 

  
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 10.09 Interest Rate Limitation. Notwithstanding anything to the contrary
contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the Administrative Agent
or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrowers. In determining whether the
interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee,
or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the
Obligations hereunder. 
 10.10 Counterparts; Integration; Effectiveness. This Agreement may be executed in
counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents constitute the
entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01, this
Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties
hereto. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this Agreement. 

10.11 Survival of Representations and Warranties. All representations and warranties made hereunder and in any other Loan
Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the
Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default
at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding. 

10.12 Severability. If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or
unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations
to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

  
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 10.13 Replacement of Lenders. If any Lender requests compensation under
Section 3.04, or if any Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any Lender is a Defaulting Lender or a
Non-Consenting Lender, or any Lender delivers a notice pursuant to Section 3.02, then the Company may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without
recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 10.06), all of its interests, rights and obligations under this Agreement and the related Loan Documents to an assignee that
shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that: 
 (a) the Borrowers shall have paid to the Administrative Agent the assignment fee specified in Section 10.06(b); 
 (b) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and L/C Advances, accrued interest thereon, accrued fees and all other amounts payable to it
hereunder and under the other Loan Documents (including any amounts under Section 3.05) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Company or applicable Borrower or Designated
Borrower (in the case of all other amounts); 
 (c) in the case of any such assignment resulting from a claim for compensation
under Section 3.04 or payments required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; and 

(d) such assignment does not conflict with applicable Laws. 
 A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Company to require such
assignment and delegation cease to apply. 
 10.14 Governing Law; Jurisdiction; Etc. 

(a) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 (b) SUBMISSION TO JURISDICTION. EACH BORROWER IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO
THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING
ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR
PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST 

  
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EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN
OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR THE L/C ISSUER MAY OTHERWISE HAVE TO
BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY BORROWER OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 
 (c) WAIVER OF VENUE. EACH BORROWER IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE
OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

(d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN
SECTION 10.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 
 10.15 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY
OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 10.16 No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification
hereof or of any other Loan Document), each Borrower acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (i) (A) the arranging and other services regarding this Agreement provided by the Administrative Agent
and the Joint Lead 

  
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Arrangers, are arm’s-length commercial transactions between such Borrower and its Affiliates, on the one hand, and the Administrative Agent and the Joint Lead Arrangers, on the other hand,
(B) such Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) such Borrower is capable of evaluating, and understands and accepts, the terms, risks and conditions of
the transactions contemplated hereby and by the other Loan Documents; (ii) (A) the Administrative Agent and the Joint Lead Arrangers each is and has been acting solely as a principal and, except as expressly agreed in writing by the
relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for such Borrower or any of its Affiliates, or any other Person and (B) neither the Administrative Agent nor any Joint Lead Arrangers has any
obligation to such Borrower or any of its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (iii) the Administrative Agent and the Joint Lead
Arrangers and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of such Borrower and its Affiliates, and neither the Administrative Agent nor any Joint Lead Arranger has any
obligation to disclose any of such interests to any Borrower or its Affiliates. 
 10.17 Electronic Execution of
Assignments and Certain Other Documents. The words “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption or in any amendment or other modification hereof (including waivers
and consents) shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based
recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any
other similar state laws based on the Uniform Electronic Transactions Act. 
 10.18 USA PATRIOT Act. Each Lender
that is subject to the Act (as hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrowers that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed
into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies the Borrowers, which information includes the name and address of each Borrower and other information that will
allow such Lender or the Administrative Agent, as applicable, to identify such Borrower in accordance with the Act. Each Borrower shall, promptly following a request by the Administrative Agent or any Lender, provide all documentation and other
information that the Administrative Agent or such Lender requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the Act. 

10.19 Reserved. 
 10.20 Judgment Currency. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any other Loan Document in one currency into another currency,
the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the first currency with such other currency on the Business Day preceding that on which final judgment is given.
The obligation of each Borrower in respect of any such sum due from it to the Administrative Agent or any 

  
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Lender hereunder or under the other Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in
accordance with the applicable provisions of this Agreement (the “Agreement Currency”), be discharged only to the extent that on the Business Day following receipt by the Administrative Agent or such Lender, as the case may be, of
any sum adjudged to be so due in the Judgment Currency, the Administrative Agent or such Lender, as the case may be, may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the
Agreement Currency so purchased is less than the sum originally due to the Administrative Agent or any Lender from any Borrower in the Agreement Currency, such Borrower agrees, as a separate obligation and notwithstanding any such judgment, to
indemnify the Administrative Agent or such Lender, as the case may be, against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to the Administrative Agent or any Lender in such currency, the
Administrative Agent or such Lender, as the case may be, agrees to return the amount of any excess to such Borrower (or to any other Person who may be entitled thereto under applicable law). 

10.21 Administrative Borrower 
 Each Borrower hereby irrevocably appoints the Company as the borrowing agent and attorney-in-fact for all Borrowers, which appointment shall remain in full force and effect unless and until the
Administrative Agent shall have received prior written notice signed by each Borrower that such appointment has been revoked. Each Borrower hereby irrevocably appoints and authorizes the Company (a) to provide the Administrative Agent with all
notices with respect to Committed Loans and Letters of Credit obtained for the benefit of any Borrower and all other notices and instructions under this Agreement and (b) to take such action as the Company deems appropriate on its behalf to
obtain Committed Loans and Letters of Credit and to exercise such other powers as are reasonably incidental thereto to carry out the purposes of this Agreement. It is understood that the handling of the loan account of the Borrowers in a combined
fashion, as more fully set forth herein, is done solely as an accommodation to the Borrowers in order to utilize the collective borrowing powers of the Borrowers in the most efficient and economical manner and at their request, and that
Administrative Agent and the Lenders shall not incur liability to any Borrower or any other Loan Party as a result hereof. Each Borrower expects to derive benefit, directly or indirectly, from the handling of their loan account in a combined fashion
since the successful operation of each Borrower is dependent on the continued successful performance of the integrated group. To induce the Administrative Agent and the Lenders to do so, and in consideration thereof, each Borrower (subject to the
proviso below) agrees to indemnify each of the Administrative Agent and the Lenders and hold each of the Administrative Agent and the Lenders harmless against any and all liability, expense, loss or claim of damage or injury, made against any of the
Administrative Agent or the Lenders by any Borrower or by any third party whosoever, arising from or incurred by reason of (a) the handling of the Borrowers’ loan account as herein provided, (b) the Administrative Agent’s and the
Lenders’ relying on any instructions of the Company, or (c) any other action taken by any of the Administrative Agent or any Lender hereunder or under the other Loan Documents, except that the Borrowers will have no liability to the
Administrative Agent or the Lenders or any Affiliate thereof under this Section 10.21 with respect to any liability that resulted solely from the gross negligence or willful misconduct of the Administrative Agent or such Lender, as the case may
be, and provided that in no case shall any Foreign Borrower be liable for the Obligations of any U.S. Borrower, as more fully provided in Section 10.22(a) below. 

  
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 10.22 Joint and Several Liability. (a) Each Borrower is accepting joint
and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations to be provided by the Lenders under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower and in
consideration of the undertakings of the other Borrowers to accept joint and several liability for the Obligations; provided that (a) in no case shall any Foreign Borrower be jointly and severally liable for the Obligations of any U.S.
Borrower, (b) each U.S. Borrower shall be jointly and severally liable for the Obligations of each other U.S. Borrower and each Foreign Borrower, and (c) each Foreign Borrower shall be jointly and severally liable for the Obligations of
each other Foreign Borrower (except, solely in the case of this clause (c), (x) to the extent such joint and several liability would result in a violation of applicable Law or otherwise subject such Foreign Borrower to an adverse tax
consequence, and (y) the Administrative Agent has agreed with the Company’s determination thereof and consented to such revisions to a Foreign Borrower’s Designated Borrower Request and Assumption Agreement, or such other appropriate
documentation, in order to mitigate such result). For the avoidance of doubt, notwithstanding any provision in any Loan Document to the contrary in no event shall any Foreign Borrower be liable, by guarantee, joint and several liability, or
otherwise, for the Obligations of any U.S. Borrower. 
 (b) As provided for and subject to the limitations set forth in clause
(a) above, each Borrower, jointly and severally, hereby irrevocably and unconditionally accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other Borrowers, with respect to the payment and performance
of all of the Obligations (including any Obligations arising under this Section 10.22), it being the intention of the parties hereto that all the Obligations shall be the joint and several obligations of each Borrower without preferences or
distinction among them. 
 (c) If and to the extent that any Borrower shall fail to make any payment with respect to any of the
Obligations as and when due or to perform any of the Obligations in accordance with the terms thereof, then in each such event the other Borrowers (as provided for and subject to the limitations set forth in clause (a) above) will make such
payment with respect to, or perform, such Obligation. 
 (d) The Obligations of each Borrower under the provisions of this
Section 10.22 constitute the absolute and unconditional, full recourse Obligations of each Borrower enforceable against each Borrower to the full extent of its properties and assets, irrespective of the validity, regularity or enforceability of
this Agreement or any other circumstances whatsoever, as provided for and subject to the limitations set forth in clause (a) above. 
 (e) Except as otherwise expressly provided in this Agreement, each Borrower hereby waives notice of acceptance of its joint and several liability, notice of any Committed Loans or Letters of Credit issued
under or pursuant to this Agreement, notice of the occurrence of any Default, Event of Default, or of any demand for any payment under this Agreement, notice of any action at any time taken or omitted by the Administrative Agent or any Lender under
or in respect of any of the Obligations, any requirement of diligence or to mitigate 

  
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damages and, generally, to the extent permitted by applicable Law, all demands, notices and other formalities of every kind in connection with this Agreement (except as otherwise provided in this
Agreement). Each Borrower hereby assents to, and waives notice of, any extension or postponement of the time for the payment of any of the Obligations, the acceptance of any payment of any of the Obligations, the acceptance of any partial payment
thereon, any waiver, consent or other action or acquiescence by the Administrative Agent or any Lender at any time or times in respect of any default by any Borrower in the performance or satisfaction of any term, covenant, condition or provision of
this Agreement, any and all other indulgences whatsoever by the Administrative Agent or any Lender in respect of any of the Obligations, and the taking, addition, substitution or release, in whole or in part, at any time or times, of any security
for any of the Obligations or the addition, substitution or release, in whole or in part, of any Borrower. Without limiting the generality of the foregoing, each Borrower assents to any other action or delay in acting or failure to act on the part
of the Administrative Agent or any Lender with respect to the failure by any Borrower to comply with any of its respective Obligations, including, without limitation, any failure strictly or diligently to assert any right or to pursue any remedy or
to comply fully with Applicable Laws or regulations thereunder, which might, but for the provisions of this Section 10.22 afford grounds for terminating, discharging or relieving any Borrower, in whole or in part, from any of its Obligations
under this Section 10.22, it being the intention of each Borrower that, so long as any of the Obligations hereunder remain unsatisfied, the Obligations of each Borrower under this Section 10.22 shall not be discharged except by performance
and then only to the extent of such performance. The Obligations of each Borrower under this Section 10.22 shall not be diminished or rendered unenforceable by any winding up, reorganization, arrangement, liquidation, reconstruction or similar
proceeding with respect to any Borrower, the Administrative Agent or any Lender. 
 (f) Each Borrower represents and warrants to
the Administrative Agent and each Lender that such Borrower is currently informed of the financial condition of the other Borrowers and of all other circumstances which a diligent inquiry would reveal and which bear upon the risk of nonpayment of
the Obligations. Each Borrower further represents and warrants to the Administrative Agent and each Lender that such Borrower has read and understands the terms and conditions of the Loan Documents. Each Borrower hereby covenants that such Borrower
will continue to keep informed of the other Borrowers’ financial condition, the financial condition of other guarantors, if any, and of all other circumstances which bear upon the risk of nonpayment or nonperformance of the Obligations.

 (g) Each Borrower waives all rights and defenses arising out of an election of remedies by the Administrative Agent or any
Lender, even though that election of remedies, such as a nonjudicial foreclosure with respect to security for a guaranteed obligation, has destroyed the Administrative Agent’s or any Lender’s rights of subrogation and reimbursement against
any Borrower. 
 (h) The provisions of this Section 10.22 are made for the benefit of the Administrative Agent, the other
Lenders and their respective successors and assigns, and may be enforced by it or them from time to time against any or all Borrowers to the extent provided for in clause (a) above as often as occasion therefor may arise and without requirement
on the part of the Administrative Agent or any Lender or any of their respective successors or assigns 

  
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first to marshal any of its or their claims or to exercise any of its or their rights against any Borrower or to exhaust any remedies available to it or them against any Borrower or to resort to
any other source or means of obtaining payment of any of the Obligations hereunder or to elect any other remedy. The provisions of this Section 10.22 shall remain in effect until all of the Obligations shall have been paid in full in accordance
with the express terms of this Agreement. If at any time, any payment, or any part thereof, made in respect of any of the Obligations, is rescinded or must otherwise be restored or returned by the Administrative Agent or any Lender upon the
insolvency, bankruptcy or reorganization of any Borrower, or otherwise, the provisions of this Section 10.22 will forthwith be reinstated in effect, as though such payment had not been made. 

(i) Each Borrower hereby agrees that it will not enforce any of its rights of contribution or subrogation against any other Borrower with
respect to any liability incurred by it hereunder or under any of the other Loan Documents, any payments made by it to the Administrative Agent or any Lender with respect to any of the Obligations until such time as all of the Obligations have been
paid in full in accordance with the terms of this Agreement. Any claim which any Borrower may have against any other Borrower with respect to any payments to the Administrative Agent or any Lender hereunder or under any other Loan Documents are
hereby expressly made subordinate and junior in right of payment, without limitation as to any increases in the Obligations arising hereunder or thereunder, to the prior payment in full in cash of the Obligations and, in the event of any insolvency,
bankruptcy, receivership, liquidation, reorganization or other similar proceeding under the laws of any jurisdiction relating to any Borrower, its debts or its assets, whether voluntary or involuntary, all such Obligations shall be paid in full in
cash before any payment or distribution of any character, whether in cash, securities or other property, shall be made to any other Borrower therefor. 
 (j) Each Borrower hereby agrees that, after the occurrence and during the continuance of any Default or Event of Default, the payment of any amounts due with respect to any indebtedness owing by any
Borrower to any other Borrower is hereby subordinated to the prior payment in full in cash of the Obligations. Each Borrower hereby agrees that after the occurrence and during the continuance of any Default or Event of Default, such Borrower will
not demand, sue for or otherwise attempt to collect any indebtedness of any other Borrower owing to such Borrower until the Obligations shall have been paid in full in cash. If, notwithstanding the foregoing sentence, such Borrower shall collect,
enforce or receive any amounts in respect of such indebtedness, such amounts shall be collected, enforced and received by such Borrower as trustee for the Administrative Agent. 

10.23 Entire Agreement. This Agreement and the other Loan Documents represent the final agreement among the parties and may
not be contradicted by evidence of prior, contemporaneous, or subsequent oral agreements of the parties. There are no unwritten oral agreements among the parties. 

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

			
	AMERICAN EAGLE OUTFITTERS, INC.
		
	 By:
	 	 /s/ R. Scott Griffith

	 Name:
	 	R. Scott Griffith
	 Title:
	 	Vice President
	
	AEO MANAGEMENT CO.
		
	 By:
	 	 /s/ R. Scott Griffith

	 Name:
	 	R. Scott Griffith
	 Title:
	 	Treasurer
	
	AEO INTERNATIONAL CORP.
		
	 By:
	 	 /s/ R. Scott Griffith

	 Name:
	 	R. Scott Griffith
	 Title:
	 	Treasurer
	
	AMERICAN EAGLE OUTFITTERS CANADA CORPORATION
		
	 By:
	 	 /s/ Joan Holstein Hilson

	 Name:
	 	Joan Holstein Hilson
	 Title:
	 	Chief Financial Officer
	
	AE NORTH HOLDINGS CO.
		
	 By:
	 	 /s/ Joan Holstein Hilson

	 Name:
	 	Joan Holstein Hilson
	 Title:
	 	Chief Financial Officer

  
 Signature Page
to Credit Agreement 

			
	HSBC BANK USA, N.A., as Administrative Agent, Joint Lead Arranger and Joint Bookrunner
		
	 By:
	 	 /s/ Darren Pinsker

	 Name:
	 	Darren Pinsker
	 Title:
	 	Senior Vice President

  
 Signature Page
to Credit Agreement 

			
	HSBC BANK USA, N.A., as a Lender and L/C Issuer
		
	 By:
	 	 /s/ Darren Pinsker

	 Name:
	 	Darren Pinsker
	 Title:
	 	Senior Vice President

  
 Signature Page
to Credit Agreement 

			
	PNC BANK, NATIONAL ASSOCIATION, as Syndication Agent, a Lender and L/C Issuer
		
	 By:
	 	 /s/ Scott Colcombe

	 Name:
	 	Scott Colcombe
	 Title:
	 	Senior Vice President

  
 Signature Page
to Credit Agreement 

			
	 JPMORGAN CHASE BANK, N.A., as
 Co-Documentation Agent and as a Lender

		
	 By:
	 	 /s/ Devin Roccisano

	 Name:
	 	Devin Roccisano
	 Title:
	 	Vice President

  
 Signature Page
to Credit Agreement 

			
	WELLS FARGO BANK, N.A., as Co-Documentation Agent and as a Lender
		
	 By:
	 	 /s/ Gavin Smith

	 Name:
	 	Gavin Smith
	 Title:
	 	Relationship Manager

  
 Signature Page
to Credit Agreement 

			
	 BANK OF AMERICA, N.A., as a Lender

 

	By:	 	 /s/ Thomas Kainamura

	Name:	 	Thomas Kainamura
	Title:	 	Vice President

  
 Signature Page
to Credit Agreement 

			
	 ROYAL BANK OF CANADA, as a Lender

 

	By:	 	 /s/ Michael G. Wang

	Name:	 	Michael G. Wang
	Title:	 	Authorized Signatory

  
 Signature Page
to Credit Agreement 

 SCHEDULES 
 Dated as of March 2, 2012 
 among 

AMERICAN EAGLE OUTFITTERS, INC. 
 AEO MANAGEMENT CO. 
 AEO INTERNATIONAL CORPORATION 

as U.S. Borrowers, 

AE NORTH HOLDINGS CO. 
 AMERICAN EAGLE OUTFITTERS CANADA CORPORATION 
 as Canadian Borrowers, 

HSBC BANK USA, N.A., 
 as Administrative Agent, Joint Lead Arranger, Joint Bookrunner 
 and 

as an L/C Issuer, 

PNC CAPITAL MARKETS LLC, 
 as Joint Lead Arranger and Joint Bookrunner 
 PNC BANK, NATIONAL ASSOCIATION,

 as Syndication Agent and as an L/C Issuer 
 JPMORGAN CHASE BANK, N.A. and 
 WELLS FARGO BANK, N.A., 

as Co-Documentation Agents 
 and 
 The Other Lenders Party Hereto 

Reference is made to that certain CREDIT AGREEMENT (“Agreement”) entered into as of March 2, 2012, among AMERICAN
EAGLE OUTFITTERS, INC. (the “Company”), AEO MANAGEMENT CO. (“AMC”), AEO INTERNATIONAL CORPORATION (“AIC”, and together with the Company and AMC, each a “US Borrower” and
collectively, the “US Borrowers”) and AMERICAN EAGLE OUTFITTERS CANADA CORPORATION (the “Canadian Borrower”), certain Subsidiaries of the Company party thereto pursuant to Section 2.14 (each a
“Designated Borrower”, and together with the US Borrowers and the Canadian Borrower, each a “Borrower”, and collectively, the “Borrowers”), each lender from time to time party thereto (collectively,
the “Lenders” and individually, a “Lender”), and HSBC BANK USA, N.A. (“HSBC”), as Administrative Agent, Joint Lead Arranger, Joint Bookrunner and as an L/C Issuer, PNC CAPITAL MARKETS LLC
(“PNC”) as Joint Lead Arranger and Joint Bookrunner, and PNC BANK, NATIONAL ASSOCIATION (“PNC Bank”) as Syndication Agent and as an L/C Issuer, and JPMORGAN CHASE BANK, N.A. and WELLS FARGO BANK, N.A., as
Co-Documentation Agents. Capitalized terms used herein and not otherwise defined shall have the respective meanings assigned to such terms in the Agreement. 

 These Schedules are qualified in their entirety by reference to specific provisions of the
Agreement and are not intended to constitute, and shall not be construed as constituting, representations or warranties of the Borrowers, except to the extent provided in the Agreement. Headings have been inserted in these Schedules for convenience
of reference only and shall to no extent have the effect of amending or changing the express descriptions set forth in the Agreement. 

 Schedule 1.01 
 Existing Letters of Credit 
 The following letters of credit existing under the $60,000,000
credit line with PNC Bank as provided in that certain Third Amended and Restated Discretionary Line of Credit Demand Note, dated May 21, 2010, as most recently amended May 3, 2011: 

$5,275,000.00 - Travelers Indemnity Corp 
 $3,211,769.25 - 401 Fifth Avenue, LLC 
 The following letter of credit existing under the
$50,000,000 credit line with HSBC as provided in that certain Amended & Restated Uncommitted Revolving Credit Agreement, dated March 30, 2011, as most recently amended April 18, 2011: 

CAD $75,000.00 - Reitmans (Canada) Ltd 

 Schedule 2.01 
 Commitments and Applicable Percentages 
  

									
	 Lender
	  	Commitment	 	  	Applicable
Percentage	 
	 HSBC
	  	$	35,000,000	  	  	 	23.3	% 
	 PNC Bank
	  	$	35,000,000	  	  	 	23.3	% 
	 Wells Fargo Bank, N.A.
	  	$	22,500,000	  	  	 	15.0	% 
	 JPMorgan Chase Bank, N.A.
	  	$	22,500,000	  	  	 	15.0	% 
	 Royal Bank of Canada
	  	$	17,500,000	  	  	 	11.7	% 
	 Bank of America, N.A.
	  	$	17,500,000	  	  	 	11.7	% 
	 Total
	  	$	150,000,000	  	  	 	100.0	% 

 Schedule 5.13 
 Subsidiaries; Equity Interests 
 (a) 

American Eagle Outfitters, Inc., a Delaware Corporation, has the following wholly owned subsidiaries: 

* AE Admin Services Co LLC, a Ohio Limited Liability Company 
 * AE Corporate Services Co., a Delaware Corporation 
 * AE Direct Co. LLC, a Delaware Limited
Liability Company 
 * AE Distribution Co., a Delaware Corporation 
 * AE Holdings Co., a Delaware Corporation 
 AE North Holdings Co, a Canadian Corporation

 * AE Outfitters Retail Co., a Delaware Corporation 
 * AE Retail West LLC, a Delaware Limited Liability Company 
 * AEH Holding Company, a Delaware
Corporation 
 AEO International Corp., a Delaware Corporation 
 * AEO Israeli Services Co, a Delaware Corporation 
 AEO Management Co., a Delaware Corporation

 * AEO Realty Co LLC, a Delaware Limited Liability Company 
 * American Eagle Cdn Hold Co., a Delaware Corporation 
 American Eagle Outfitters Asia Limited, a
Hong Kong Corporation 
 American Eagle Outfitters Canada Corporation, a Canadian Corporation 

* Blue Heart Enterprises LLC, a Delaware Limited Liability Company 
 * Blue Star Imports Ltd., a Delaware Corporation 
 * Blue Star Imports, L.P., a Pennsylvania
Limited Partnership 
 * BSI Imports Company, LLC, a Delaware Limited Liability Company 
 * Linmar Realty Company II LLC, a Delaware Limited Liability Company 
 M+O Admin Services Co LLC,
an Ohio Limited Liability Company 
 * M+O Management Co LLC, a Delaware Limited Liability Company 

* M+O Retail LLC, a Delaware Limited Liability Company 
 * Retail Distribution West LLC, a Delaware Limited Liability Company 
 * Retail Licensing Company,
a Nevada Corporation 
 * Retail Royalty Company, a Nevada Corporation 
 South Side Realty Co, a Delaware Corporation 
 * Violet Sun Enterprises LLC, A Delaware Limited
Liability Company 
  

	*	Indicates Subsidiary Guarantor 

 (b)

 None 

 Schedule 5.21 
 Collective Bargaining Agreements 
 Collective Agreement, dated May 14, 2008, and
related Letter of Understanding, dated May 14, 2008, between American Eagle Outfitters Canada Corporation and Unite Here Ontario Council and its Local 2770 

 Schedule 7.01 
 Existing Liens 
 1. Liens in connection with Indebtedness related to Capital Lease
Obligations set forth on Schedule 7.03. 
 2. Liens in favor of GE Money Bank (“Secured Party”) in all accounts, indebtedness, and
payments in connection with private label and co-brand consumer credit card program with Secured Party. Financing statements are filed to give public notice of the private label and co-brand consumer credit card program (the “Program”)
between Loan Parties and Secured Party, and of the Secured Party’s ownership interest in the accounts, materials relating to the establishment or use of an account, cardholder indebtedness, and payments made on accounts (“Bank
Property”). Secured Party states that the Uniform Commercial Code does not apply to the Program or the creation of accounts thereunder, and that the financing statements are filed as a precaution to ensure that the interests of the Secured
Party in the Bank Property are deemed perfected in the unlikely event that, contrary to the intent of the parties, such a filing is required to perfect such interests. 
 3. Liens existing under the $35,000,000 trade facility governed by that certain Commercial Letter of Credit Agreement between the Company and Wells Fargo Bank, National Association with respect to
(capitalized terms have the meaning defined in such trade facility): 
 (a) all Property referred to in, or at any time shipped
under or pursuant to, or in any way related to, each Credit or to any Demand made or Acceptance created under each Credit, whether or not Wells Fargo receives the Documents covering such Property or releases such Documents to Applicant on trust or
bailee receipt or otherwise, (ii) all Documents accompanying any Demand made under each Credit, and (iii) all the proceeds of the Property and the Documents referred to in subsections (i) and (ii) above; and 

(b) all Applicant’s property, claims, demands, right, title and interest in and to the balance of each of Applicant’s deposit
accounts with Wells Fargo now or at any time hereafter existing, and all evidences of such deposit accounts, (ii) all Property belonging to Applicant or in which it may have an interest, now or at any time hereafter delivered, conveyed,
transferred, assigned, pledged or paid to Wells Fargo or Wells Fargo’s agents or correspondents in any manner whatsoever, whether as security or for safekeeping or otherwise, including, without limitation, any items received for collection or
transmission, and the proceeds of such items, whether or not such Property is in whole or in part released to Applicant on trust or bailee receipt or otherwise, and (iii) where Applicant is more than one person or entity, all right, title and
interest of each of Applicants in and to all the Property which any of Applicants may now or hereafter obtain as security for the obligations of any one or more of Applicants to one or more of the others of Applicants arising under or in connection
with the transaction to which any Credit relates. 

 Schedule 7.03 
 Existing Indebtedness 
 See Schedule 1.01. 

Capital Lease Obligations 
  

									
	 Lessor
	  	Payments
remaining	 	  	Remaining Obligation	 
	 Lease-net (4k.4)
	  	 	15	  	  	 	360,454.41	  
	 Lease-net (5a)
	  	 	1	  	  	 	12,272.64	  
	 Lease-net (5a.1)
	  	 	5	  	  	 	46,951.97	  
	 Lease-net (5b)
	  	 	1	  	  	 	14,566.17	  
	 Lease-net (5b.2)
	  	 	2	  	  	 	17,164.75	  
	 Lease-net (3p.18)
	  	 	9	  	  	 	172,384.69	  
	 Lease-net (3p.18a)
	  	 	9	  	  	 	512,583.38	  
	 Lease-net (3p.18b)
	  	 	10	  	  	 	76,653.07	  
	 Lease-net (5a.2)
	  	 	1	  	  	 	12,375.71	  
	 Lease-net (5b.3)
	  	 	1	  	  	 	21,914.45	  
	 Lease-net (6a.5)
	  	 	14	  	  	 	62,854.60	  
	 Lease-net (5b.4)
	  	 	45	  	  	 	1,777,746.75	  
	 Dell 220
	  	 	9	  	  	 	18,601.37	  
	 Dell 221
	  	 	9	  	  	 	15,483.36	  
	 Dell 222
	  	 	9	  	  	 	174,821.97	  
	 Dell 224
	  	 	8	  	  	 	25,026.43	  
	 Dell 226
	  	 	10	  	  	 	17,475.81	  
	 Dell 232
	  	 	28	  	  	 	50,530.73	  
	 Dell 234
	  	 	20	  	  	 	426,774.30	  
	 Dell 237
	  	 	25	  	  	 	241,085.37	  
	 Dell 239
	  	 	27	  	  	 	79,193.09	  
	 Dell 241
	  	 	29	  	  	 	127,627.31	  
	 Gym Equipment
	  	 	16	  	  	 	27,826.62	  
	 Gym Equipment
	  	 	4	  	  	 	17,940.01	  
			
		  				  	 	4,310,308.97	  
		  				  	  
	  
	 

 Schedule 10.02 
 Notices; Effectiveness; Electronic Communication 
 Administrative Agent’s Office:

 USD – United States Dollar 

HSBC Bank USA, National Association 
 Swift Code
– MRMDUS33 
 Account Name – Syndication & Asset Group 
 Account Number – 001940503 
 ABA – 021001088 

Ref: American Eagle 
 CAD – Canadian Dollar

 HSBC Bank, Toronto 
 Swift Code
– HKBCCATT 
 Account Name – HSBC Bank USA, N.A. 
 Account Number – 930133374060 
 Ref: American Eagle 

EUR – Euro 
 HSBC Bank PLC, London

 Swift Code – MIDLGB22 
 Account
Name – HSBC Bank USA, N.A. 
 Account Number – 37076057 
 Ref: American Eagle 
 GBP – Great British Pounds 

HSBC Bank PLC, London 
 Sort Code – 40 05 15

 Swift Code – MIDLGB22 
 Account
Name – HSBC Bank USA, N.A. 
 Account Number 00479097 
 Ref: American Eagle 
 The Company’s website address is: 

www.aeo.com 
 Notice Addresses:

 If to the Borrower: 
 American Eagle
Outfitters, Inc. 

	Attn:	      Cornelius Bulman, Jr. 

       R. Scott Griffith 

 77 Hot Metal Street 
 Pittsburgh, PA 15203-2329 
 Telephone: 412-432-4872 

Facsimile: 724-779-7862 
 If to the
Administrative Agent: 
 HSBC Bank USA, N.A. 
 Agency Services 
 One HSBC Center - 26th Floor 

Buffalo, NY 14203 
 Attention: Tina Craiglow /
Gale Boyd 
 Telephone: 716-841-1670 / 716 841 1930 
 Facsimile: 917-229-0979 
 Email: us.cmb.agency.7@us.hsbc.com 

If to the L/C Issuers: 
 HSBC Bank USA, N.A.

 Agency Services 
 One HSBC Center -
26th Floor 
 Buffalo, NY 14203 

Telephone: 716-841-1670 / 716 841 1930 

Facsimile: 917-229-0979 
 Email:
us.cmb.agency.7@us.hsbc.com 
 and 

Name: Scott Colcombe 
 Company: PNC Bank
National Association 
 Title: Relationship Manager 
 225 Fifth Avenue 
 Pittsburgh, PA 15222 
 Telephone: 412.762.2149 
 Facsimile: 412.762.4718 

E-Mail Address: Scott.Colcombe@pnc.com 

 EXHIBIT A 

FORM OF COMMITTED LOAN NOTICE 
 Date:             ,              

To: HSBC Bank USA, N.A., as Administrative Agent 
 Ladies and Gentlemen: 
 Reference is made to that certain Credit Agreement, dated
as of March 2, 2012 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among American Eagle
Outfitters, Inc. (the “Company”), AEO Management Co. (“AMC”), AEO International Corp. (“AIC”, and together with the Company and AMC, the “U.S. Borrowers”), AE North Holdings Co.
(“AE North”) and American Eagle Outfitters Canada Corporation (“AEO Canada”, and together with AE North, the “Canadian Borrowers”), certain Subsidiaries of the Company party thereto pursuant to
Section 2.14 of the Credit Agreement (each a “Designated Borrower”, and together with the U.S. Borrowers and the Canadian Borrowers, each a “Borrower”, and collectively, the
“Borrowers”), each lender from time to time party thereto (the “Lenders”), and HSBC Bank USA, N.A., as Administrative Agent, Joint Lead Arranger, Joint Bookrunner (the “Administrative Agent”) and as
an L/C Issuer, PNC Capital Markets LLC, as Joint Lead Arranger and Joint Bookrunner, PNC Bank, National Association, as Syndication Agent and as an L/C Issuer and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, N.A., as Co-Documentation Agents.

 The Company hereby requests, on behalf of itself or the Borrower or, if applicable, the Designated Borrower referenced in
item 6 below (the “Applicable Borrower”) (select one): 
  

	 	 ̈	  A Borrowing of Committed Loans                 ̈ A conversion or continuation of Loans 

  

	 	1.	On
                                         
                        (a Business Day). 

 

	 	2.	In the amount of
                                         
   . 

  

	 	3.	Comprised of
                                         
           . 

                         
                     [Type of Committed Loan requested] 
  

	 	4.	In the following currency:
                                         
        

  

	 	5.	For Eurocurrency Loans: with an Interest Period of months. 

  

	 	6.	On behalf of
                                         
        [insert name of applicable Borrower or Designated Borrower]. 

  
 A-1

 Form of Committed Loan Notice 

 The Committed Borrowing, if any, requested herein complies with the provisos to the first
sentence of Section 2.01 of the Agreement. 
  

			
	AMERICAN EAGLE OUTFITTERS, INC.
		
	By:	 	  

 

			
	Name:	 	
	Title:	 	

  
 A-1

 Form of Committed Loan Notice 

 EXHIBIT B-1 

FORM OF U.S. NOTE 
  

                     

FOR VALUE RECEIVED, the U.S. Borrowers hereby promise to pay to
                    or registered assigns (the “Lender”), in accordance with the provisions of the Agreement (as hereinafter
defined), the principal amount of each Loan from time to time made by the Lender to the Borrowers under that certain Credit Agreement, dated as of March 2, 2012 (as amended, restated, extended, supplemented or otherwise modified in writing from
time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among American Eagle Outfitters, Inc. (the “Company”), AEO Management Co. (“AMC”), AEO International
Corp. (“AIC”, and together with the Company and AMC, the “U.S. Borrowers”), AE North Holdings Co. (“AE North”) American Eagle Outfitters Canada Corporation (“AEO Canada”, and
together with AE North, the “Canadian Borrowers”), certain Subsidiaries of the Company party thereto pursuant to Section 2.14 of the Credit Agreement (each a “Designated Borrower”, and together with the
U.S. Borrowers and the Canadian Borrowers, each a “Borrower”, and collectively, the “Borrowers”), each lender from time to time party thereto (the “Lenders”), and HSBC Bank USA, N.A., as
Administrative Agent, Joint Lead Arranger, Joint Bookrunner (the “Administrative Agent”) and as an L/C Issuer, PNC Capital Markets LLC, as Joint Lead Arranger and Joint Bookrunner, PNC Bank, National Association, as Syndication
Agent and as an L/C Issuer and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, N.A., as Co-Documentation Agents. 
 The U.S.
Borrowers promise to pay interest on the unpaid principal amount of each Loan from the date of such Loan until such principal amount is paid in full, at such interest rates and at such times as provided in the Agreement. All payments of principal
and interest shall be made to the Administrative Agent for the account of the Lender in the currency in which such Committed Loan was denominated and in Same Day Funds at the Administrative Agent’s Office for such currency. If any amount is not
paid in full when due hereunder, such unpaid amount shall bear interest, to be paid upon demand, from the due date thereof until the date of actual payment (and before as well as after judgment) computed at the per annum rate set forth in the
Agreement. 
 This Note is one of the Notes referred to in the Agreement, is entitled to the benefits thereof and may be prepaid
in whole or in part subject to the terms and conditions provided therein. This Note is also entitled to the benefits of the Subsidiary Guaranty. Upon the occurrence and continuation of one or more of the Events of Default specified in the Agreement,
all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable all as provided in the Agreement. Loans made by the Lender shall be evidenced by one or more loan accounts or records maintained by
the Lender in the ordinary course of business. The Lender may also attach schedules to this Note and endorse thereon the date, amount, currency and maturity of its Loans and payments with respect thereto. 

Each U.S. Borrower, for itself, its successors and assigns, hereby waives diligence, presentment, protest and demand and notice of
protest, demand, dishonor and non-payment of this Note. 

  
 B-1- 1

 Form of Note 

 THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK. 
  

			
	AMERICAN EAGLE OUTFITTERS, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	AEO MANAGEMENT CO.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	AEO INTERNATIONAL CORP.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 B-1 - 2

 Form of Note 

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	 Date
	 	 Type of

Loan Made
	 	 Currency

and

Amount of

Loan Made
	  	End of
Interest
Period	  	Amount of
Principal or
Interest
Paid This
Date	  	Outstanding
Principal
Balance
This Date	  	Notation
Made By
	     
	 		 		  		  		  		  	
	     
	 		 		  		  		  		  	
	     
	 		 		  		  		  		  	
	     
	 		 		  		  		  		  	
	     
	 		 		  		  		  		  	
	     
	 		 		  		  		  		  	
		 		 		  		  		  		  	
	     
	 		 		  		  		  		  	
	     
	 		 		  		  		  		  	
	     
	 		 		  		  		  		  	
	     
	 		 		  		  		  		  	
	     
	 		 		  		  		  		  	
	     
	 		 		  		  		  		  	
	     
	 		 		  		  		  		  	
	     
	 		 		  		  		  		  	
	     
	 		 		  		  		  		  	

  
 B-1 - 3

 Form of Note 

 EXHIBIT B-2 

FORM OF CANADIAN NOTE 
  

                     

FOR VALUE RECEIVED, the Canadian Borrowers hereby promise to pay to
                    or registered assigns (the “Lender”), in accordance with the provisions of the Agreement (as hereinafter
defined), the principal amount of each Loan from time to time made by the Lender to the Canadian Borrowers under that certain Credit Agreement, dated as of March 2, 2012 (as amended, restated, extended, supplemented or otherwise modified in
writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among American Eagle Outfitters, Inc. (the “Company”), AEO Management Co. (“AMC”), AEO
International Corp. (“AIC”, and together with the Company and AMC, the “U.S. Borrowers”), AE North Holdings Co. (“AE North”) American Eagle Outfitters Canada Corporation (“AEO
Canada”, and together with AE North, the “Canadian Borrowers”), certain Subsidiaries of the Company party thereto pursuant to Section 2.14 of the Credit Agreement (each a “Designated Borrower”,
and together with the U.S. Borrowers and the Canadian Borrowers, each a “Borrower”, and collectively, the “Borrowers”), each lender from time to time party thereto (the “Lenders”), and HSBC Bank
USA, N.A., as Administrative Agent, Joint Lead Arranger, Joint Bookrunner (the “Administrative Agent”) and as an L/C Issuer, PNC Capital Markets LLC, as Joint Lead Arranger and Joint Bookrunner, PNC Bank, National Association, as
Syndication Agent and as an L/C Issuer and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, N.A., as Co-Documentation Agents. 

The Canadian Borrowers promise to pay interest on the unpaid principal amount of each Loan from the date of such Loan until such
principal amount is paid in full, at such interest rates and at such times as provided in the Agreement. All payments of principal and interest shall be made to the Administrative Agent for the account of the Lender in the currency in which such
Committed Loan was denominated and in Same Day Funds at the Administrative Agent’s Office for such currency. If any amount is not paid in full when due hereunder, such unpaid amount shall bear interest, to be paid upon demand, from the due date
thereof until the date of actual payment (and before as well as after judgment) computed at the per annum rate set forth in the Agreement. 
 This Note is one of the Notes referred to in the Agreement, is entitled to the benefits thereof and may be prepaid in whole or in part subject to the terms and conditions provided therein. This Note is
also entitled to the benefits of the Subsidiary Guaranty. Upon the occurrence and continuation of one or more of the Events of Default specified in the Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be,
immediately due and payable all as provided in the Agreement. Loans made by the Lender shall be evidenced by one or more loan accounts or records maintained by the Lender in the ordinary course of business. The Lender may also attach schedules to
this Note and endorse thereon the date, amount, currency and maturity of its Loans and payments with respect thereto. 
 Each
Canadian Borrower, for itself, its successors and assigns, hereby waives diligence, presentment, protest and demand and notice of protest, demand, dishonor and non-payment of this Note. 

  
 B-2 - 1

 Form of Note 

 THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK. 
  

			
	AMERICAN EAGLE OUTFITTERS CANADA CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	AE NORTH HOLDINGS CO.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 B-2 - 2

 Form of Note 

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	     Date    
	 	Type of
Loan Made	 	Currency
and
Amount of
Loan Made	 	End of
Interest
Period	 	Amount of
Principal 
or
Interest
Paid This
Date	 	Outstanding
Principal
Balance
This Date	 	Notation
Made By
		 		 		 		 		 		 	
	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

		 		 		 		 		 		 	
	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

		 		 		 		 		 		 	
	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

		 		 		 		 		 		 	
	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

		 		 		 		 		 		 	
	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

		 		 		 		 		 		 	
	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

		 		 		 		 		 		 	
	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

		 		 		 		 		 		 	
	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

		 		 		 		 		 		 	
	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

		 		 		 		 		 		 	
	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

		 		 		 		 		 		 	
	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

		 		 		 		 		 		 	
	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

		 		 		 		 		 		 	
	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

		 		 		 		 		 		 	
	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

		 		 		 		 		 		 	
	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

		 		 		 		 		 		 	
	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

		 		 		 		 		 		 	
	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

		 		 		 		 		 		 	
	  
	 	  
	 	  
	 	  
	 	  
	 	  
	 	  

  

  
 B-2 - 3

 Form of Note 

 EXHIBIT C 

FORM OF COMPLIANCE CERTIFICATE 
 Financial Statement Date:            ,  
 To:    HSBC Bank USA, N.A., as Administrative Agent 
 Ladies and Gentlemen:

 Reference is made to that certain Credit Agreement, dated as of March 2, 2012 (as amended, restated, extended,
supplemented or otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among American Eagle Outfitters, Inc. (the “Company”), AEO
Management Co. (“AMC”), AEO International Corp. (“AIC”, and together with the Company and AMC, the “U.S. Borrowers”), AE North Holdings Co. (“AE North”) and American Eagle
Outfitters Canada Corporation (“AEO Canada”, and together with AE North, the “Canadian Borrowers”), certain Subsidiaries of the Company party thereto pursuant to Section 2.14 of the Credit Agreement
(each a “Designated Borrower”, and together with the U.S. Borrowers and the Canadian Borrowers, each a “Borrower”, and collectively, the “Borrowers”), each lender from time to time party thereto
(the “Lenders”), and HSBC Bank USA, N.A., as Administrative Agent, Joint Lead Arranger, Joint Bookrunner (the “Administrative Agent”) and as an L/C Issuer, PNC Capital Markets LLC, as Joint Lead Arranger and Joint
Bookrunner, PNC Bank, National Association, as Syndication Agent and as an L/C Issuer and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, N.A., as Co-Documentation Agents. 
 The undersigned Responsible Officer hereby certifies as of the date hereof that he/she is the
                                 of the Company, and that, as such, he/she is authorized
to execute and deliver this Certificate to the Administrative Agent on the behalf of the Company, and that: 
 [Use following
paragraph 1 for fiscal year-end financial statements] 
 1. The Company has delivered (i) the
year-end audited financial statements required by Section 6.01(a) of the Agreement for the fiscal year of the Company ended as of the above date, together with the report and opinion of an independent certified public accountant required
by such section and (ii) the year-end financial statements required by Section 6.01(b) of the Agreement for the fiscal year of the Canadian Borrowers ended as of the above date, which such financial statements materially present the
financial condition, results of operations, shareholders’ equity and cash flows of the Canadian Borrowers subject to normal year-end audit adjustments and the absence of footnotes. 

[Use following paragraph 1 for fiscal quarter-end financial statements] 

1. The Company has delivered the unaudited financial statements required by Section 6.01(c) of the Agreement for the fiscal
quarter of (i) the Company and (ii) the Canadian Borrowers ended as of the above date. 

  
 C - 1

 Form of Compliance Certificate 

 2. The undersigned has reviewed and is familiar with the terms of the Agreement and has
made, or has caused to be made under his/her supervision, a detailed review of the transactions and condition (financial or otherwise) of the Company and its Subsidiaries during the accounting period covered by such financial statements. 

3. A review of the activities of the Company and its Subsidiaries during such fiscal period has been made under the supervision of the
undersigned with a view to determining whether during such fiscal period the Company and its Subsidiaries performed and observed all its Obligations under the Loan Documents, and 

[select one:] 
 [to the knowledge of the undersigned, during such fiscal period the Company performed and observed each covenant and condition of the Loan Documents applicable to it, and no Default has occurred and is
continuing.] 
 —or— 
 [to the knowledge of the undersigned, during such fiscal period the following covenants or conditions have not been performed or observed and the following is a list of each such Default and its nature
and status:] 
 4. The representations and warranties of (i) the Borrowers contained in Article V of the Agreement
and (ii) each Loan Party contained in each other Loan Document or in any document furnished at any time under or in connection with the Loan Documents, are true and correct in all material respects on and as of the date hereof, except to the
extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and except that for purposes of this Compliance Certificate, the representations and warranties
contained in subsections (a) and (b) of Section 5.05 of the Agreement shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01 of the
Agreement, including the statements in connection with which this Compliance Certificate is delivered. 
 5. The financial
covenant analyses and information set forth on Schedules 1 and 2 attached hereto are true and accurate in all material respects on and as of the date of this Certificate. 

  
 C - 2

 Form of Compliance Certificate 

 IN WITNESS WHEREOF, the undersigned has executed this Certificate as of
            ,        . 

			
	
	AMERICAN EAGLE OUTFITTERS, INC.
	
	
By:                       
                                         
                                

	 Name:
	 	
	 Title:
	 	

  
 C - 3

 Form of Compliance Certificate 

 For the Quarter/Year ended
                    (“Statement Date”) 
 SCHEDULE
12 
 to the Compliance Certificate 

($ in 000’s) 
  

									
	I.	 	Section 7.14(a) – Consolidated Leverage Ratio.
				
		 	A.	  	Consolidated Funded Indebtedness at Statement Date:	  	$            
				
		 	B.	  	Consolidated Rental Expense for four consecutive fiscal quarters ending on above date (“Subject Period”)	  	$            
				
		 	C.	  	Line I.B multiplied by six (6)	  	$            
				
		 	D.	  	Line I.A plus Line I.C.	  	$            
				
		 	E.	  	Consolidated EBITDAR for the Subject Period:	  	
					
		 		  	1.	  	Consolidated Net Income for Subject Period:	  	$            
					
		 		  	2.	  	Consolidated Interest Charges for Subject Period:	  	$            
					
		 		  	3.	  	Consolidated Rental Expense for Subject Period	  	$            
					
		 		  	4.	  	Provision for Federal, state, local and foreign income taxes (excluding Federal, state, local and foreign income tax credits of the Company) for Subject Period:	  	$            
					
		 		  	5.	  	Depreciation expenses for Subject Period:	  	$            
					
		 		  	6.	  	Amortization expenses for Subject Period:	  	$            
					
		 		  	7.	  	Non-cash compensation expenses for Subject Period	  	$            
					
		 		  	8.	  	Non-recurring non-cash charges (including asset impairment and unrealized foreign currency losses) for Subject Period:	  	$            
					
		 		  	9.	  	Non-recurring cash expenses for Subject Period reducing Consolidated Net Income not to exceed $20,000,000 in any four quarter test period	  	$            
					
		 		  	10.	  	Federal, state, local and foreign income tax credits for Subject Period:	  	$            
					
		 		  	11.	  	Non-recurring non-cash additions to Consolidated Net Income for Subject Period:	  	$            
					
		 		  	12.	  	All non-recurring cash gains increasing Consolidated Net Income for Subject Period	  	$            

 

	2 	 Calculations are subject to all provisions of the Credit Agreement, including but not limited to, Section 7.14 thereof.

  
 C - 4

 Form of Compliance Certificate 

									
		 		  	13.	  	Interest income for Subject Period	  	$            
					
		 		  	14.	  	Any cash payments for Subject Period deducted from Consolidated Net Income and added back in determining Consolidated EBITDAR in a previous period	  	$            
					
		 		  	15.	  	Consolidated EBITDAR (Lines I.E.1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 – 10 – 11 – 12 – 13 – 14):	  	$            
				
		 	F.	  	Consolidated Leverage Ratio (Line I.D ( Line I.E.15):	  	        to 1
				
		 	G.	  	Maximum permitted:	  	3.75 to 1
			
	II.	 	Section 7.14(b) — Consolidated Fixed Charge coverage Ratio.	  	
				
		 	A.	  	Consolidated EBITDAR for Subject Period (Line I.E.15 above):	  	$            
				
		 	B.	  	Consolidated Capital Expenditures for Subject Period:	  	$            
				
		 	C.	  	Line II.A minus Line II.B	  	$            
				
		 	D.	  	Scheduled principal payments in respect of Indebtedness for Subject Period:	  	$            
				
		 	E.	  	Consolidated Rental Expense for Subject Period	  	$            
				
		 	F.	  	Consolidated Interest Charges for Subject Period	  	$            
				
		 	G.	  	Line II.D plus Line II.E plus Line II.F	  	$            
				
		 	H.	  	Consolidated Fixed Charge Coverage Ratio (Line II.C ÷ Line II.G):	  	        to 1
				
		 	I.	  	Minimum permitted:	  	1.50 to 1

  
 C - 5

 Form of Compliance Certificate 

 For the Quarter/Year ended
            (“Statement Date”) 
 SCHEDULE 2

 to the Compliance Certificate 
 ($ in 000’s) 
 Consolidated EBITDAR 

(in accordance with the definition of Consolidated EBITDAR 
 as set forth in the Agreement) 
  

											
	 Consolidated EBITDAR
	  	 Quarter

Ended 
	  	Quarter
Ended	  	Quarter
Ended	  	Quarter
Ended	  	Twelve
Months
Ended
	 Consolidated Net Income
	  		  		  		  		  	
	 + Consolidated Interest Charges
	  		  		  		  		  	
	 + Consolidated Rental Expense
	  		  		  		  		  	
	 + income taxes
	  		  		  		  		  	
	 + depreciation expense
	  		  		  		  		  	
	 + amortization expense
	  		  		  		  		  	
	 + non-cash compensation expense
	  		  		  		  		  	
	 + non-recurring non-cash expenses
	  		  		  		  		  	
	 + non-recurring cash expenses not to exceed $20,000,000
	  		  		  		  		  	
	 - income tax credits
	  		  		  		  		  	
	 - non-cash income
	  		  		  		  		  	
	 - all non-recurring cash gains
	  		  		  		  		  	

  
 C - 6

 Form of Compliance Certificate 

											
	 - interest income
	 		 		 		 		 	
						
	 - cash payments deducted from Consolidated Net Income and added back in determining Consolidated EBITDAR in a previous
period
	 		 		 		 		 	
						
	 = Consolidated EBITDAR
	 		 		 		 		 	

  
 C - 7

 Form of Compliance Certificate 

 EXHIBIT D-1 

ASSIGNMENT AND ASSUMPTION 
 This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [the][each]3 Assignor identified in item 1 below ([the][each, an]
“Assignor”) and [the][each]4
Assignee identified in item 2 below ([the][each, an] “Assignee”). [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees]5 hereunder are several and not joint.]6 Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified
below (the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and
made a part of this Assignment and Assumption as if set forth herein in full. 
 For an agreed
consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in
accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’] rights and
obligations in [its capacity as a Lender][their respective capacities as Lenders] under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified
below of all of such outstanding rights and obligations of [the Assignor][the respective Assignors] under the respective facilities identified below (including, without limitation, the Letters of Credit included in such facilities7) and (ii) to the extent permitted to be assigned under
applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Lender)][the respective Assignors (in their respective capacities as Lenders)] against any Person, whether known or unknown, arising under
or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract
claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the][any]
Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an] “Assigned Interest”). Each such sale and assignment is without recourse to [the][any] Assignor and,
except as expressly provided in this Assignment and Assumption, without representation or warranty by [the][any] Assignor. 
  

	1.	Assignor[s]:                      

 
  

	3 	 For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first
bracketed language. If the assignment is from multiple Assignors, choose the second bracketed language. 

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

	5 	 Select as appropriate. 

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

	7 	 Include all applicable subfacilities. 

  
 D-1 - 1

 Form of Assignment and Assumption 

			
		 	
		
	2.	 	Assignee[s]:        
                                         
                       
		
		 	
		
		 	[for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]]
		
	3.	 	Borrower(s): American Eagle Outfitters, Inc., AEO Management Co., AEO International Corp., as U.S. Borrowers and AE North Holdings Co. and American Eagle Outfitters Canada
Corporation, as Canadian Borrowers
		
	4.	 	Administrative Agent: HSBC Bank USA, N.A., as the administrative agent under the Credit Agreement
		
	5.	 	Credit Agreement: Credit Agreement, dated as of March 2, 2012 among American Eagle Outfitters, Inc., AEO Management Co., AEO International Corp., as U.S. Borrowers
and AE North Holding Co, and American Eagle Outfitters Canada Corporation, as Canadian Borrowers, certain Subsidiaries of the Company party thereto pursuant to Section 2.14 of the Credit Agreement, each lender from time to time party
hereto, and HSBC Bank USA, N.A., as Administrative Agent, Joint Lead Arranger, Joint Bookrunner and as an L/C Issuer, PNC Capital Markets LLC, as Joint Lead Arranger and Joint Bookrunner, PNC Bank, National Association, as Syndication Agent and as
an L/C Issuer and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, N.A., as Co-Documentation Agents
		
	6.	 	Assigned Interest[s]:

  

																	
	 Assignor[s]8
	 	Assignee[s]9	 	Aggregate
Amount of
Commitment
for all
Lenders10	 	 	Amount of
Commitment
Assigned	 	 	Percentage
Assigned of
Commitment11	 	 	CUSIP
Number
		 		 	$	            	  	 	$	            	  	 	 	            	% 	 	
		 		 	$	            	  	 	$	            	  	 	 	            	% 	 	
		 		 	$	            	  	 	$	            	  	 	 	            	% 	 	

  

	[7.	 Trade Date:                     ]12 

Effective Date:             , 20    [TO BE INSERTED BY ADMINISTRATIVE
AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
  

 

	8 	 List each Assignor, as appropriate. 

	9 	 List each Assignee, as appropriate. 

	10 	 Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take into account any payments or prepayments
made between the Trade Date and the Effective Date. 

	11 	 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

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

  
 D-1 - 2

 Form of Assignment and Assumption 

 The terms set forth in this Assignment and Assumption are hereby agreed to: 

 

			
	 ASSIGNOR

	[NAME OF ASSIGNOR]
		
	By:	 	  

		 	Title:
	
	ASSIGNEE
	[NAME OF ASSIGNEE]
		
	By:	 	  

		 	Title:

 [Consented to and]13 Accepted: 
  

			
	HSBC BANK USA, N.A., as
	  Administrative Agent
		
	By:	 	  

		 	Title:
	
	[Consented to:]14
	
	AMERICAN EAGLE OUTFITTERS, INC.
		
	By:	 	  

		 	Title:

  

	13 	 To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement. 

	14 	 To be added only if the consent of the Company and/or other parties (e.g. Swing Line Lender, L/C Issuer) is required by the terms of the Credit
Agreement. 

  
 D-1 - 3

 Form of Assignment And Assumption 

 ANNEX 1 TO ASSIGNMENT AND ASSUMPTION 

[                   
 ]15 

STANDARD TERMS AND CONDITIONS FOR 
 ASSIGNMENT AND ASSUMPTION 
 1. Representations and Warranties. 

1.1. Assignor. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of
[the][[the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and
deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit
Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Company, any of its
Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Company, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations
under any Loan Document. 
 1.2. Assignee. [The][Each] Assignee (a) represents and warrants that (i) it has
full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the
requirements to be an assignee under Section 10.06(b)(iii), (v) and (vi) of the Credit Agreement (subject to such consents, if any, as may be required under Section 10.06(b)(iii) of the Credit
Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender
thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire [the][such] Assigned
Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to
Section 6.01 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest,
(vi) it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment
and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by
[the][such] Assignee; and (b) agrees that (i) it will, independently and without reliance upon the Administrative Agent, 
  

 

	15 	 Describe Credit Agreement at option of Administrative Agent. 

  
 D-1 - 4

 Form of Assignment and Assumption 

 
[the][any] Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking
action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 

2. Payments. From and after the Effective Date, the Administrative Agent shall make all payments in respect of [the][each]
Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have
accrued from and after the Effective Date. 
 3. General Provisions. This Assignment and Assumption shall be binding
upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed
counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in
accordance with, the law of the State of New York. 

  
 D-1 - 5

 Form of Assignment and Assumption 

 EXHIBIT D-2 

FORM OF ADMINISTRATIVE QUESTIONNAIRE 
 Administrative Details Reply Form 
 $150.0 million Revolving Credit
Facility 
 to American Eagle Outfitters, Inc., AEO Management Co., AEO International Corporation, and American Eagle Outfitters
Canada Corporation 
 Please return to Lindsay Bass, Debt Finance Origination, at Fax: (646) 366-3300 or Email:
lindsay.m.bass@us.hsbc.com. 
  

							
	1.	  	EXACT NAME OF LENDER FOR CREDIT AGREEMENT SIGNATURE PAGE INCLUDING PUNCTUATION AND ABBREVIATIONS:
				
		  		  	                             
                                         
                                         
             	  	
		
	2.	  	EXACT NAME OF LENDER FOR TOMBSTONE AND PUBLICITY USE INCLUDING PUNCTUATION AND ABBREVIATIONS:
				
		  		  	                             
                                         
                                         
             	  	
			
		  	3.	  	PAYMENT INSTRUCTIONS FOR US DOLLARS (and advising instructions, if any):
				
		  		  	                             
                                         
                                         
             	  	
				
		  		  	                             
                                         
                                         
             	  	
				
		  		  	                             
                                         
                                         
             	  	
			
		  		  	PAYMENT INSTRUCTIONS FOR CANADIAN DOLLARS (and advising instructions, if any):
				
		  		  	                             
                                         
                                         
             	  	
				
		  		  	                             
                                         
                                         
             	  	
				
		  		  	                             
                                         
                                         
             	  	

  
 D-2 - 1

 Form of Administrative Questionnaire 

							
			
		  		  	PAYMENT INSTRUCTIONS FOR EUROS (and advising instructions, if any):
				
		  		  	                             
                                         
                                         
             	  	
				
		  		  	                             
                                         
                                         
             	  	
				
		  		  	                             
                                         
                                         
             	  	
			
		  		  	PAYMENT INSTRUCTIONS FOR POUNDS STERLING (and advising instructions, if any):
				
		  		  	                             
                                         
                                         
             	  	
				
		  		  	                             
                                         
                                         
             	  	
				
		  		  	                             
                                         
                                         
             	  	
		
	4.	  	CONTACTS - BUSINESS AND CREDIT MATTERS:

					
		
	 Name of

Lending Office
 Address:
	  	                           
                                         

			
		  		  	                             
                                         
              
			
		  	Contact Name:	  	                             
                                         
               
			
		  	Telephone No:	  	                             
            Fax:
                                    
			
		  	Email:	  	
		
	 Alternative:
	  	                           
                                         

			
		  	Telephone No:	  	                             
            Fax:
                                    
			
		  	Email:	  	                             
                                         
               
	
	 5.      CONTACTS - OPERATIONAL MATTERS:

			
		  	Contact:	  	                             
                                         
              

  
 D-2 - 2

 Form of Administrative Questionnaire 

					
			
		  	Address:	  	                             
                                         
               
			
		  	Telephone No:	  	                             
            Fax:
                                    
			
		  	Email:	  	                             
                                         
               
			
		  	Alternate:	  	                             
                                         
               
			
		  	Telephone No:	  	                             
            Fax:
                                    
			
		  	Email:	  	                             
                                         
               

  

	6.	TAXPAYER
ID#                                        
                                         
                                    

If no US Taxpayer ID number, please write “none” above and provide two original copies of Internal Revenue Service Form W-8BEN
or W-8ECI. 
  

	 	7.	DOCUMENTATION TO: 

  

                      
                                         
                                         
     
  

                      
                                         
                                         
     
  

                      
                                         
                                         
     

	 	8.	NUMBER OF COPIES REQUIRED:
                                         
    

 HSBC Bank USA, N.A. Foreign Currency Payment Instructions 

USD – United States Dollar 
 HSBC Bank USA, National Association 
 Swift Code – MRMDUS33

 Account Name – Syndication & Asset Group 

Account Number – 001940503 
 ABA—021001088 
 Ref: American Eagle 

CAD – Canadian Dollar 

  
 D-2 - 3

 Form of Administrative Questionnaire 

 HSBC Bank, Toronto 

Swift Code – HKBCCATT 
 Account Name - HSBC Bank USA, N.A. 
 Account Number – 930133374060

 Ref: American Eagle 
 EUR – Euro 
 HSBC Bank PLC, London 

Swift Code – MIDLGB22 
 Account Name – HSBC Bank USA, N.A. 
 Account Number – 37076057

 Ref: American Eagle 
 GBP – Great British Pounds 
 HSBC Bank PLC, London 

Sort Code – 40 05 15 
 Swift Code – MIDLGB22 
 Account Name – HSBC Bank USA, N.A.

 Account Number 00479097 
 Ref: American Eagle 
 NON-U.S. LENDER INSTITUTIONS: 

I. Corporations: 
 If your
institution is incorporated outside of the United States for U.S. federal income tax purposes, and is the beneficial owner of the interest and other income it receives, you must complete one of the following three tax forms, as applicable to
your institution: a.) Form W-8BEN (Certificate of Foreign Status of Beneficial Owner), b.) Form W-8ECI (Income Effectively Connected to a U.S. Trade or Business), or
c.) Form W-8EXP (Certificate of Foreign Government or Governmental Agency).  
 A U.S.
taxpayer identification number is required for any institution submitting Form W-8ECI. It is also required on Form W-8BEN for certain institutions claiming the benefits of a tax treaty with the U.S. Please refer to the instructions when completing
the form applicable to your institution. In addition, please be advised that U.S. tax regulations do not permit the acceptance of faxed forms. An original tax form must be submitted. 

  
 D-2 - 4

 Form of Administrative Questionnaire 

 II. Flow-Through Entities: 
 If your institution is organized outside the U.S., and is classified for U.S. federal income tax purposes as either a Partnership, Trust, Qualified or Non-Qualified Intermediary, or other non-U.S.
flow-through entity, an original Form W-8IMY (Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for United States Tax Withholding) must be completed by the intermediary together with a
withholding statement. Flow-through entities other than Qualified Intermediaries are required to include tax forms for each of the underlying beneficial owners. 
 Please refer to the instructions when completing this form. In addition, please be advised that U.S. tax regulations do not permit the acceptance of faxed forms. Original tax form(s) must be
submitted. 
 U.S. LENDER INSTITUTIONS: 
 If your institution is incorporated or organized within the United States, you must complete and return Form W-9 (Request for Taxpayer Identification Number
and Certification). Please be advised that we request that you submit an original Form W-9. 
 Pursuant
to the language contained in the tax section of the Credit Agreement, the applicable tax form for your institution must be completed and returned prior to the first payment of income. Failure to provide the proper tax form when requested may subject
your institution to U.S. tax withholding. 

  
 D-2 - 5

 Form of Administrative Questionnaire 

 EXHIBIT E 

SUBSIDIARY GUARANTY 
 This SUBSIDIARY GUARANTY (the “Guaranty”), is entered into as of March 2, 2012 by the Guarantor (as defined below) pursuant to that certain Credit Agreement, dated as of the date
hereof (the “Credit Agreement”) among American Eagle Outfitters, Inc. (the “Company”), AEO Management Co. (“AMC”), AEO International Corp. (“AIC”, and together with the Company and
AMC, the “U.S. Borrowers”), AE North Holdings Co. (“AE North”) and American Eagle Outfitters Canada Corporation (“AEO Canada”, and together with AE North, the “Canadian Borrowers”),
certain Subsidiaries of the Company party thereto pursuant to Section 2.14 of the Credit Agreement (each a “Designated Borrower”, and together with the U.S. Borrowers and the Canadian Borrowers, each a
“Borrower”, and collectively, the “Borrowers”), each lender from time to time party thereto (the “Lenders”), and HSBC Bank USA, N.A., as Administrative Agent, Joint Lead Arranger, Joint Bookrunner
(the “Administrative Agent”) and as an L/C Issuer, PNC Capital Markets LLC, as Joint Lead Arranger and Joint Bookrunner, PNC Bank, National Association, as Syndication Agent and as an L/C Issuer and JPMorgan Chase Bank, N.A. and
Wells Fargo Bank, N.A., as Co-Documentation Agents. Capitalized terms defined therein are used herein as therein defined. 
 FOR
VALUE RECEIVED, the sufficiency of which is hereby acknowledged, and in consideration of credit and/or financial accommodation heretofore or hereafter from time to time made pursuant to that certain Credit Agreement; 

WHEREAS, the undersigned Guarantor (whether one or more, the “Guarantor”, and if more than one, then jointly and
severally) hereby furnishes its guaranty of the Guaranteed Obligations (as hereinafter defined) as follows: 

1. Guaranty. The Guarantor hereby absolutely and unconditionally guarantees, as a guaranty of payment
and performance and not merely as a guaranty of collection, prompt payment when due, whether at stated maturity, by required prepayment, upon acceleration, demand or otherwise, and at all times thereafter, of any and all Obligations (as defined in
the Credit Agreement) whether for principal, interest, premiums, fees indemnities, damages, costs, expenses or otherwise, of any Borrower to the Administrative Agent or any Lender or Affiliate thereof, whenever created, arising, evidenced or
acquired–(collectively, the “Guaranteed Obligations”). The Administrative Agent’s and each Lenders’ books and records showing the amount of the Guaranteed Obligations shall be admissible in evidence in any action or
proceeding, and shall be binding upon the Guarantor and conclusive for the purpose of establishing the amount of the Guaranteed Obligations. This Guaranty shall not be affected by the genuineness, validity, regularity or enforceability of the
Guaranteed Obligations or any instrument or agreement evidencing any Guaranteed Obligations, or by the existence, validity, enforceability, perfection, non-perfection or extent of any collateral therefor, or by any fact or circumstance relating to
the Guaranteed Obligations which might otherwise constitute a defense to the obligations of the Guarantor under this Guaranty, and the Guarantor hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to any
or all of the foregoing. Anything contained herein to the contrary notwithstanding, the obligations of the Guarantor hereunder at any time shall be limited to an aggregate amount equal to the largest amount that would not render its obligations
hereunder subject to avoidance as a fraudulent transfer or conveyance under Section 548 of the Bankruptcy Code (Title 11, United States Code) or any comparable provisions of any similar federal or state law. 

 2. No Setoff or Deductions; Taxes; Payments. The Guarantor represents and
warrants that it is organized and resident in the United States of America. The Guarantor shall make all payments hereunder without setoff or counterclaim and free and clear of and without deduction for any taxes, levies, imposts, duties, charges,
fees, deductions, withholdings, compulsory loans, restrictions or conditions of any nature now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless the Guarantor is
compelled by law to make such deduction or withholding. If any such obligation (other than one arising with respect to taxes based on or measured by the income or profits of the Lender or any other Excluded Taxes (as defined in the Credit
Agreement), to the extent such taxes would have constituted Excluded Taxes if the amounts in question had been paid by the original obligor of the Guaranteed Obligation) is imposed upon the Guarantor with respect to any amount payable by it
hereunder, the Guarantor will pay to the Lender, on the date on which such amount is due and payable hereunder, such additional amount in U.S. dollars as shall be necessary to enable the Lender to receive the same net amount which the Lender would
have received on such due date had no such obligation been imposed upon the Guarantor. The Guarantor will deliver promptly to the Lender certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to
payments made by the Guarantor hereunder. The obligations of the Guarantor under this paragraph shall survive the payment in full of the Guaranteed Obligations and termination of this Guaranty. 

3. Rights of Lender. The Guarantor consents and agrees that the Administrative Agent may, at any time and from time to
time, without notice or demand, and without affecting the enforceability or continuing effectiveness hereof: (a) amend, extend, renew, compromise, discharge, accelerate or otherwise change the time for payment or the terms of the Guaranteed
Obligations or any part thereof; (b) take, hold, exchange, enforce, waive, release, fail to perfect, sell, or otherwise dispose of any security for the payment of this Guaranty or any Guaranteed Obligations; (c) apply such security and
direct the order or manner of sale thereof as the Administrative Agent in its sole discretion may determine; and (d) release or substitute one or more of any endorsers or other guarantors of any of the Guaranteed Obligations. Without limiting
the generality of the foregoing, the Guarantor consents to the taking of, or failure to take, any action which might in any manner or to any extent vary the risks of the Guarantor under this Guaranty or which, but for this provision, might operate
as a discharge of the Guarantor. 
 4. Certain Waivers. The Guarantor waives (a) any defense arising by
reason of any disability or other defense of any Borrower or any other guarantor, or the cessation from any cause whatsoever (including any act or omission of the Lender) of the liability of any Borrower; (b) any defense based on any claim that
the Guarantor’s obligations exceed or are more burdensome than those of any Borrower; (c) the benefit of any statute of limitations affecting the Guarantor’s liability hereunder; (d) any right to require the Lender to proceed
against any Borrower, proceed against or exhaust any security for the Indebtedness, or pursue any other remedy in the Lender ‘s power whatsoever; (e) any benefit of and any right to participate in any security now or hereafter held by the
Administrative Agent or any Lender; and (f) to the fullest extent permitted by law, any and all other defenses or benefits that may be derived from or afforded by applicable law limiting the liability of or exonerating guarantors or sureties.
The Guarantor expressly waives all setoffs and counterclaims and all presentments, demands for 

 
payment or performance, notices of nonpayment or nonperformance, protests, notices of protest, notices of dishonor and all other notices or demands of any kind or nature whatsoever with respect
to the Guaranteed Obligations, and all notices of acceptance of this Guaranty or of the existence, creation or incurrence of new or additional Guaranteed Obligations. 
 5. Obligations Independent. The obligations of the Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations and the
obligations of any other guarantor, and a separate action may be brought against the Guarantor to enforce this Guaranty whether or not any Borrower or any other person or entity is joined as a party. 

6. Subrogation. The Guarantor shall not exercise any right of subrogation, contribution, indemnity, reimbursement or
similar rights with respect to any payments it makes under this Guaranty until all of the Guaranteed Obligations and any amounts payable under this Guaranty have been indefeasibly paid and performed in full and any commitments of the Administrative
Agent and the Lenders or facilities provided by the Administrative Agent and the Lenders with respect to the Guaranteed Obligations are terminated. If any amounts are paid to the Guarantor in violation of the foregoing limitation, then such amounts
shall be held for the benefit of the Administrative Agent and the Lenders and shall forthwith be paid to the Administrative Agent for its account and the account of the Lenders to reduce the amount of the Guaranteed Obligations, whether matured or
unmatured. 
 7. Termination; Reinstatement. This Guaranty is a continuing and irrevocable guaranty of all
Guaranteed Obligations now or hereafter existing and shall remain in full force and effect until all Guaranteed Obligations and any other amounts payable under this Guaranty are indefeasibly paid in full in cash and any commitments of the
Administrative Agent and the Lenders or facilities provided by the Administrative Agent and the Lenders with respect to the Guaranteed Obligations are terminated. Notwithstanding the foregoing, this Guaranty shall continue in full force and effect
or be revived, as the case may be, if any payment by or on behalf of any Borrower or Guarantor is made, or the Administrative Agent or any Lender exercises its right of setoff, in respect of the Guaranteed Obligations and such payment or the
proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent or any Lender in its discretion)
to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Laws or otherwise, all as if such payment had not been made or such setoff had not occurred and whether or not the Administrative Agent
or any Lender is in possession of or has released this Guaranty and regardless of any prior revocation, rescission, termination or reduction. The obligations of the Guarantor under this paragraph shall survive termination of this Guaranty.

 8. Subordination. The Guarantor hereby subordinates the payment of all obligations and indebtedness of any
Borrower owing to the Guarantor, whether now existing or hereafter arising, including but not limited to any obligation of any Borrower to the Guarantor as subrogee of the Administrative Agent or resulting from the Guarantor’s performance under
this Guaranty, to the indefeasible payment in full in cash of all Guaranteed Obligations. If the Administrative Agent so requests, any such obligation or indebtedness of any Borrower to the Guarantor shall be enforced and performance received by the
Guarantor as trustee for the Administrative Agent and the Lenders and the proceeds thereof shall be paid over to the Administrative Agent for the account of the Lenders on account of the Guaranteed Obligations, but without reducing or affecting in
any manner the liability of the Guarantor under this Guaranty. 

 9. Stay of Acceleration. In the event that acceleration of the time for
payment of any of the Guaranteed Obligations is stayed, in connection with any case commenced by or against the Guarantor or any Borrower under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable by the Guarantor
immediately upon demand by the Administrative Agent. 
 10. Expenses. The Guarantor shall pay on demand all
out-of-pocket expenses (including attorneys’ fees and expenses and the allocated cost and disbursements of internal legal counsel) in any way relating to the enforcement or protection of the Administrative Agent’s or any Lenders’
rights under this Guaranty or in respect of the Guaranteed Obligations, including any incurred during any “workout” or restructuring in respect of the Guaranteed Obligations and any incurred in the preservation, protection or enforcement
of any rights of the Administrative Agent and the Lenders in any proceeding any Debtor Relief Laws. The obligations of the Guarantor under this paragraph shall survive the payment in full of the Guaranteed Obligations and termination of this
Guaranty. 
 11. Miscellaneous. No provision of this Guaranty may be waived, amended, supplemented or modified,
except by a written instrument executed by the Administrative Agent and the Guarantor. No failure by the Administrative Agent to exercise, and no delay in exercising, any right, remedy or power hereunder shall operate as a waiver thereof; nor shall
any single or partial exercise of any right, remedy or power hereunder preclude any other or further exercise thereof or the exercise of any other right, power or remedy. The remedies herein provided are cumulative and not exclusive of any remedies
provided by law or in equity. The unenforceability or invalidity of any provision of this Guaranty shall not affect the enforceability or validity of any other provision herein. 

12. Condition of Borrower. The Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate
means of, obtaining from each Borrower and any other guarantor such information concerning the financial condition, business and operations of each Borrower and any such other guarantor as the Guarantor requires, and that the Administrative Agent
has no duty, and the Guarantor is not relying on the Administrative Agent at any time, to disclose to the Guarantor any information relating to the business, operations or financial condition of any Borrower or any other guarantor (the guarantor
waiving any duty on the part of the Administrative Agent to disclose such information and any defense relating to the failure to provide the same). 
 13. Setoff. If and to the extent any payment is not made when due hereunder, the Administrative Agent may setoff and charge from time to time any amount so due against any or all of the
Guarantor’s accounts or deposits with the Administrative Agent. 
 14. Representations and Warranties. The
Guarantor represents and warrants that (a) it is duly organized and in good standing under the laws of the jurisdiction of its organization and has full capacity and right to make and perform this Guaranty, and all necessary authority has been
obtained; (b) this Guaranty constitutes its legal, valid and binding obligation enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforceability of
creditors’ rights generally and to general principles of equity, regardless of whether considered in a proceeding in 

 
equity or at law; (c) the making and performance of this Guaranty does not and will not violate the provisions of any applicable law, regulation or order, and does not and will not result in
the breach of, or constitute a default or require any consent under, any material agreement, instrument, or document to which it is a party or by which it or any of its property may be bound or affected; and (d) all consents, approvals,
licenses and authorizations of, and filings and registrations with, any governmental authority required under applicable law and regulations for the making and performance of this Guaranty have been obtained or made and are in full force and effect.

 15. Indemnification and Survival. Without limitation on any other obligations of the Guarantor or remedies of
the Administrative Agent under this Guaranty, the Guarantor shall, to the fullest extent permitted by law, indemnify, defend and save and hold harmless the Administrative Agent and each Lender from and against, and shall pay on demand, any and all
damages, losses, liabilities and expenses (including documented attorneys’ fees and expenses and the allocated cost and disbursements of internal legal counsel) that may be suffered or incurred by the Administrative Agent or any Lender in
connection with or as a result of any failure of any Guaranteed Obligations to be the legal, valid and binding obligations of any Borrower enforceable against such Borrower in accordance with their terms. The obligations of the Guarantor under this
paragraph shall survive the payment in full of the Guaranteed Obligations and termination of this Guaranty. 
 16. GOVERNING
LAW; Assignment; Jurisdiction; Notices. THIS GUARANTY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK. This Guaranty shall (a) bind the Guarantor and its successors and assigns, provided
that the Guarantor may not assign its rights or obligations under this Guaranty without the prior written consent of the Administrative Agent (and any attempted assignment without such consent shall be void), and (b) inure to the benefit of the
Administrative Agent and its successors and assigns and the Administrative Agent and each Lender may, without notice to the Guarantor and without affecting the Guarantor’s obligations hereunder, assign, sell or grant participations in the
Guaranteed Obligations and this Guaranty, in whole or in part, subject to Section 10.06 of the Credit Agreement. The Guarantor hereby irrevocably (i) submits to the non-exclusive jurisdiction of any United States Federal or State court
sitting in New York, New York in any action or proceeding arising out of or relating to this Guaranty, and (ii) waives to the fullest extent permitted by law any defense asserting an inconvenient forum in connection therewith. Service of
process by the Lender in connection with such action or proceeding shall be binding on the Guarantor if sent to the Guarantor by registered or certified mail at its address specified below or such other address as from time to time notified by the
Guarantor. Subject to Section 10.07 of the Credit Agreement, the Guarantor agrees that the Administrative Agent may disclose to any assignee of or participant in, or any prospective assignee of or participant in, any of its rights or
obligations of all or part of the Guaranteed Obligations any and all information in the Administrative Agent’s possession concerning the Guarantor, this Guaranty and any security for this Guaranty. All notices and other communications to the
Guarantor under this Guaranty shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier to the Guarantor at its address set forth below or at such other address in
the United States as may be specified by the Guarantor in a written notice delivered to the Administrative Agent at such office as the Administrative Agent may designate for such purpose from time to time in a written notice to the Guarantor.

 17. WAIVER OF JURY TRIAL; FINAL AGREEMENT. TO THE EXTENT ALLOWED BY APPLICABLE LAW,
THE GUARANTOR AND THE ADMINSTRATIVE AGENT EACH IRREVOCABLY WAIVES TRIAL BY JURY WITH RESPECT TO ANY ACTION, CLAIM, SUIT OR PROCEEDING ON, ARISING OUT OF OR RELATING TO THIS GUARANTY OR THE GUARANTEED OBLIGATIONS. THIS GUARANTY REPRESENTS THE FINAL
AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS BETWEEN THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 

18. Foreign Currency. (a) If the Administrative Agent so notifies the Guarantor in writing, at the Administrative
Agent’s good faith discretion, payments under this Guaranty shall be the Dollar Equivalent of the Guaranteed Obligations or any portion thereof, determined as of the date payment is made. 

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

			
	[NAME OF THE GUARANTOR]
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 Address:
	 	

 EXHIBIT F 

FORM OF DESIGNATED BORROWER 
 REQUEST AND ASSUMPTION AGREEMENT 
 Date:
            ,          
  

	To:	HSBC Bank USA, N.A., as Administrative Agent 

 Ladies and Gentlemen: 
 This Designated Borrower Request and Assumption Agreement
is made and delivered pursuant to Section 2.14 of that certain Credit Agreement, dated as of March 2, 2012 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit
Agreement”), among American Eagle Outfitters, Inc. (the “Company”), AEO Management Co. (“AMC”), AEO International Corp. (“AIC”, and together with the Company and AMC, the “U.S.
Borrowers”), AE North Holdings Co. (“AE North”) and American Eagle Outfitters Canada Corporation (“AEO Canada”, and together with AE North, the “Canadian Borrowers”), certain Subsidiaries
of the Company party thereto pursuant to Section 2.14 of the Credit Agreement (each a “Designated Borrower”, and together with the U.S. Borrowers and the Canadian Borrowers, each a “Borrower”, and
collectively, the “Borrowers”), each lender from time to time party thereto (the “Lenders”), and HSBC Bank USA, N.A., as Administrative Agent, Joint Lead Arranger, Joint Bookrunner (the “Administrative
Agent”) and as an L/C Issuer, PNC Capital Markets LLC, as Joint Lead Arranger and Joint Bookrunner, PNC Bank, National Association, as Syndication Agent and as an L/C Issuer and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, N.A., as
Co-Documentation Agents. All capitalized terms used in this Designated Borrower Request and Assumption Agreement and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. 

Each of                      (the
“Designated Borrower”) and the Company hereby confirms, represents and warrants to the Administrative Agent and the Lenders that the Designated Borrower is a Subsidiary of the Company. 

The documents required to be delivered to the Administrative Agent under Section 2.14 of the Credit Agreement will be
furnished to the Administrative Agent in accordance with the requirements of the Credit Agreement. 
 Complete if the
Designated Borrower is a Domestic Subsidiary: The true and correct U.S. taxpayer identification number of the Designated Borrower is
                    . 

Complete if the Designated Borrower is a Foreign Subsidiary: The true and correct unique identification number that has
been issued to the Designated Borrower by its jurisdiction of organization and the name of such jurisdiction are set forth below: 
  

			
	 Identification Number
	  	Jurisdiction of Organization
		  	
		  	
		  	

  
 F - 1

 Form of Designated Borrower Request and Assumption Agreement 

 The parties hereto hereby confirm that with effect from the date of the Designated Borrower
Notice for the Designated Borrower, the Designated Borrower shall have obligations, duties and liabilities toward each of the other parties to the Credit Agreement identical to those which the Designated Borrower would have had if the Designated
Borrower had been an original party to the Credit Agreement as a Borrower. Effective as of the date of the Designated Borrower Notice for the Designated Borrower, the Designated Borrower confirms its acceptance of, and consents to, all
representations and warranties, covenants, and other terms and provisions of the Credit Agreement. 
 The parties hereto hereby
request that the Designated Borrower be entitled to receive Loans under the Credit Agreement, and understand, acknowledge and agree that neither the Designated Borrower nor the Company on its behalf shall have any right to request any Loans for its
account unless and until the date five Business Days after the effective date designated by the Administrative Agent in a Designated Borrower Notice delivered to the Company and the Lenders pursuant to Section 2.14 of the Credit
Agreement. 
 This Designated Borrower Request and Assumption Agreement shall constitute a Loan Document under the Credit
Agreement. 
 THIS DESIGNATED BORROWER REQUEST AND ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAW OF THE STATE OF NEW YORK. 
 IN WITNESS WHEREOF, the parties hereto have caused this Designated Borrower Request
and Assumption Agreement to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above written. 
  

			
	[DESIGNATED BORROWER]
		
	 By:
	 	  

	 Title:
	 	
	
	AMERICAN EAGLE OUTFITTERS, INC.
		
	 By:
	 	  

	 Title:
	 	

  
 F - 2

 Form of Designated Borrower Request and Assumption Agreement 

 EXHIBIT G 

FORM OF DESIGNATED BORROWER NOTICE 
 Date:             ,          

 

	To:	American Eagle Outfitters, Inc. 

The Lenders party to the Credit Agreement referred to below 
 Ladies and Gentlemen: 
 This Designated Borrower Notice is made and delivered
pursuant to Section 2.14 of that certain Credit Agreement, dated as of March 2, 2012 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among
American Eagle Outfitters, Inc. (the “Company”), AEO Management Co. (“AMC”), AEO International Corp. (“AIC”, and together with the Company and AMC, the “U.S. Borrowers”), AE North
Holdings Co. (“AE North”) and American Eagle Outfitters Canada Corporation (“AEO Canada”, and together with AE North, the “Canadian Borrowers”), certain Subsidiaries of the Company party thereto
pursuant to Section 2.14 of the Credit Agreement (each a “Designated Borrower”, and together with the U.S. Borrowers and the Canadian Borrowers, each a “Borrower”, and collectively, the
“Borrowers”), each lender from time to time party thereto (the “Lenders”), and HSBC Bank USA, N.A., as Administrative Agent, Joint Lead Arranger, Joint Bookrunner (the “Administrative Agent”) and as
an L/C Issuer, PNC Capital Markets LLC, as Joint Lead Arranger and Joint Bookrunner, PNC Bank, National Association, as Syndication Agent and as an L/C Issuer and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, N.A., as Co-Documentation Agents.

 The Administrative Agent hereby notifies Company and the Lenders that effective as of the date hereof
[                    ] shall be a Designated Borrower and may receive Loans for its account on the terms and conditions set forth in the Credit
Agreement. 
 This Designated Borrower Notice shall constitute a Loan Document under the Credit Agreement. 

 

			
	 HSBC BANK USA, N.A.,

as Administrative Agent

		
	 By:
	 	  

	 Title:Third Amended and Restated Employment Agreement

 Exhibit 10.1 
 EXECUTION COPY 
 THIRD AMENDED AND RESTATED 

EMPLOYMENT AGREEMENT 
 This Third Amended and Restated Employment Agreement (the “Agreement”) is made as of this 6th day of March, 2012 (the “Effective Date”) by and between Edward M. Krell (the “Employee”), and
Destination Maternity Corporation f/k/a Mothers Work, Inc. (the “Company”). 
 WHEREAS, the Company and Employee are
parties to a Second Amended and Restated Employment Agreement, dated May 15, 2007, as amended, pursuant to which Employee serves as the Chief Executive Officer of the Company (the “Existing Employment Agreement”); and 

WHEREAS, on the terms and conditions set forth herein, the Company and Employee desire to amend and restate the Existing Employment
Agreement in its entirety. 
 THEREFORE, in consideration of the mutual premises and promises contained in the Agreement, the
parties agree as follows: 
 1. EMPLOYMENT, TERM AND DUTIES. The Company will continue to employ Employee and Employee
hereby accepts continued employment with the Company, as Chief Executive Officer (the “Position”) on the terms herein described for the period beginning on the date hereof and continuing until terminated by either party. During his
employment by the Company, except for reasonable vacations consistent with paragraph 6(C), absences due to temporary illness or as otherwise provided below in paragraph 5, Employee shall use his best efforts to serve the Company faithfully and shall
devote his full time, attention, skill and efforts to the performance of the duties required by or appropriate for his Position. Employee agrees to assume such duties and responsibilities as may be customarily incident to the Position and as may be
reasonably assigned to him from time to time by the Company’s Board of Directors (the “Board”), consistent with the Company’s Bylaws and with the level of responsibility appropriate to the Position. The Company shall exercise its
reasonable best efforts to cause Employee to be nominated and elected (and, thereafter, re-elected, when applicable) to the Board while he holds the Position. Upon any cessation of Employee’s service in the Position, unless otherwise requested
by the Board, Employee agrees to resign from all director and officer positions with the Company and its affiliates. 
 2.
TERMINATION. 
 A. Except as otherwise provided for herein, the Employee’s employment is at will and may be
terminated at any time for any reason by the Employee or by the Company. Except in the event of termination of Employee by Company for Cause (as defined below) or pursuant to paragraph 2(D) below, either party shall provide the other with two
weeks’ advance 

 
notice prior to termination of employment. Company may elect to pay Employee two weeks’ pay in lieu of such notice period. 

B. If Employee’s employment is terminated by the Company without Cause or by Employee with Good Reason (as defined below):

 (1) the Company will make a lump sum payment to Employee (less applicable deductions and withholdings), at the
time specified in Paragraph 2(E), of a gross amount equal to (i) (U) if such termination occurs prior to January 1, 2013, $3,712,500, (V) if such termination occurs on or after January 1, 2013 but prior to January 1,
2014, $3,525,000, (W) if such termination occurs on or after January 1, 2014 but prior to January 1, 2015, $3,337,500, (X) if such termination occurs on or after January 1, 2015 but prior to January 1, 2016, $2,962,500,
(Y) if such termination occurs on or after January 1, 2016 but prior to January 1, 2017, $2,587,500, or (Z) if such termination occurs on or after January 1, 2017, $2,212,500 plus (ii) any Annual Bonus earned but not
previously paid with respect to a year ended prior to the date of termination (and, for the avoidance of doubt, the date of the notice by the Company of termination without Cause or by the Employee of Good Reason, shall be the date of such
termination as used in clauses (U) through (Z) herein); 
 (2) the Company will pay Employee a pro-rata
Annual Bonus for the year of termination, determined and paid in the same manner and at the same time as his Annual Bonus would otherwise have been determined and paid for the applicable year, but for the termination. Such Annual Bonus will be
pro-rated based on the number of full and partial months of the year transpired prior to the date of termination; 
 (3) (X) any stock options and restricted stock awards granted to Employee prior to October 1, 2011 that remain outstanding and unvested immediately prior to such termination will then become fully
vested, (Y) any Time Vested Options and Time Vested Restricted Shares (as such terms are defined below) granted pursuant to paragraph 6(E) that remain outstanding and unvested immediately prior to such termination will then become fully vested;
and (Z) a pro-rata portion (based on the full number of completed days of Employee’s employment with the Company in the applicable performance period divided by 1095) of any outstanding Performance Shares (as defined below) granted
pursuant to paragraph 6(E) will remain outstanding (notwithstanding Employee’s cessation of employment), will vest to the extent earned based on the actual performance of the Company through the end of the applicable performance period and will
be settled within 2 1/2 months following the end of
the applicable performance period 
 (4) the Company will continue to provide Employee the automobile and
automobile insurance described below in paragraph 6(D)(1) for a period of one year following the date of such termination and the supplemental long term disability insurance premiums described below in paragraph 6(D)(2) for a period of three years
following the date of such termination and transfer to Employee, but not pay further premiums on, any key man term life insurance policy then held on his life; 

  
 -2-

 (5) Employee will receive, in lieu of continuation coverage under COBRA,
continued coverage (for himself and, to the extent covered immediately prior to the date of his termination, his spouse and eligible dependents) under the Company’s group health plan, as in effect from time to time (or, at the election of the
Company, under a mutually agreed upon and reasonably comparable insured individual arrangement), until the earlier of (i) the end of the three year period following such termination, or (ii) Employee’s (or, as applicable, his
spouse’s or eligible dependents’) eligibility for Medicare or coverage under another employer’s group health plan (or, in the case of his eligible dependants, cessation of their status as eligible dependants under the terms of the
Company’s group health plan); and 
 (6) the Company will pay for full outplacement services for Employee,
such payment to be made to an agency selected by Employee, based upon the customary fees charged by nationally rated firms engaged in such services. 
 C. If Employee is unable, after any reasonable accommodation required by law, to perform his duties and responsibilities hereunder by reason of illness injury or incapacity for more than six
(6) consecutive months, Employee’s employment hereunder may then be terminated by Company and, in that case: 
 (1) for a period of 30 months following the date of such termination, the Company will make monthly supplemental disability payments to Employee, each equal to 1/12 of Employee’s Base Salary as of
the date of his termination; 
 (2) Employee will receive, in lieu of continuation coverage under COBRA,
continued coverage (for himself and, to the extent covered immediately prior to the date of his termination, his spouse and eligible dependents) under the Company’s group health plan, as in effect from time to time (or, at the election of the
Company, under a mutually agreed upon and reasonably comparable insured individual arrangement) until the earlier of (i) the end of the 30 month period following such termination, or (ii) Employee’s (or, as applicable, his
spouse’s or eligible dependents’) eligibility for Medicare or coverage under another employer’s group health plan (or, in the case of his eligible dependants, cessation of their status as eligible dependants under the terms of the
Company’s group health plan); 
 (3) the Company will continue to provide Employee the automobile and
automobile insurance described below in paragraph 6(D)(1) for a period of one year following the date of such termination and transfer to Employee, but not pay further premiums on, any key man term life insurance policy then held on his life;

 (4) the Company will pay Employee (i) a pro-rata Annual Bonus for the year of termination, determined and
paid in the same manner and at the same time as his Annual Bonus would otherwise have been determined and paid for the applicable year, but for the termination. Such Annual Bonus will be pro-rated based on the number of full and partial months of
the year transpired prior to the date of termination plus (ii) any Annual Bonus earned but not previously paid with respect to a year ended prior to the date of termination; and 

  
 -3-

 (5) outstanding equity awards will be treated as provided under paragraph
2(B)(3). 
 Amounts payable under this paragraph 2(C) will be reduced by (x) any disability or life insurance benefits payable with respect
to the same period under any Company funded disability or death benefit plan, policy or arrangement (including, without limitation, any insurance purchased with the allowance described below in paragraphs 6(D)(2) and 6(D)(3)) or under the Social
Security Act, and (y) with respect to the 30 month period described above, any amounts earned by Employee during that period for the performance of personal services. To the extent any insurance benefit described in the preceding sentence is
exempt from federal income tax, then for purposes of this reduction, the amount of that insurance benefit will be deemed to be 150% of the amount actually received by Employee. 

D. Termination by Death. In the event that Employee dies during his employment with the Company hereunder, the Company shall pay
to Employee’s executors, legal representatives or administrators an amount equal to the accrued and unpaid portion of his Base Salary through the end of the month in which he dies and any Annual Bonus otherwise payable with respect to a
completed fiscal year but not previously paid to Employee prior to the date of his death. In addition: 
 (1) the
Company will pay to Employee’s executors, legal representatives or administrators Employee’s pro-rata Annual Bonus for the year of termination, determined and paid in the same manner and at the same time as his Annual Bonus would otherwise
have been determined and paid for the applicable year, but for his death. Such Annual Bonus will be pro-rated based on the number of full and partial months of the year transpired prior to the date of termination; and 

(2) outstanding equity awards will be treated as provided under paragraph 2(B)(3). 

E. In consideration of and as a condition to receiving all the rights and benefits described in paragraphs 2(B), 2(C) or 2(D) above,
Employee (or, as applicable, the executors, legal representatives or administrators of his estate) will be required to sign and deliver to the Company the Company’s employment release agreement, substantially in the form attached hereto as
Exhibit A (the “Release”) within 45 days following his cessation of employment. Subject to paragraph 3, below, and provided the Release is not revoked, the severance, disability or death benefits described herein (as applicable)
will begin to be paid or provided (x) 15 days after the Release has been delivered, if the 60 day period following the cessation of employment does not straddle two calendar years; or (y) the later of 15 days after the Release has been
delivered or the first regularly scheduled payroll date in the calendar year following the cessation of employment, if the 60 day period following such cessation straddles two calendar years. Rights and benefits described in the aforesaid paragraphs
are in lieu of, and not in addition to, any severance or termination benefits provided under any other plan, policy, or arrangement of the Company. 
 F. For purposes of this Agreement: 

  
 -4-

 (1) “Cause” shall include fraud, theft, gross misconduct, gross
negligence, or Employee’s unwillingness or refusal to perform the lawful and reasonable requirements of his job, but shall not include the inability of Employee to perform his duties and responsibilities hereunder by reason of illness, injury
or incapacity. No termination for Cause (other than with respect to fraud, theft or gross misconduct) shall be effective unless the Company gives the Employee written notice of the Board’s decision to terminate the Employee’s employment
for Cause and the Employee fails to cure such event giving rise to Cause (if such event is reasonably capable of cure) to the reasonable satisfaction of the Board within thirty (30) days after such notice. For avoidance of doubt, termination of
Employee’s employment under circumstances entitling him to payments under paragraph 2(D) will not be construed as a termination without Cause. 
 (2) “Code” means the Internal Revenue Code of 1986, as amended, and all rules and regulations promulgated thereunder. 

(3) “Good Reason” means any of the following, without Employee’s prior consent: (i) a material,
adverse change in title, authority or duties (including the assignment of duties materially inconsistent with the Employee’s position); (ii) a reduction in base salary or bonus opportunity (described in paragraph 6); (iii) a
relocation of Employee’s principal worksite more than 50 miles; or (iv) the Company’s material breach of this Agreement, including the failure to timely grant an equity award described in Paragraph 6(E). However, none of the foregoing
events or conditions will constitute Good Reason unless the Employee provides the Company with written objection to the event or condition within 90 days following the occurrence thereof, the Company does not reverse or otherwise cure the event or
condition within 30 days of receiving that written objection, and the Employee resigns his employment within 30 days following the expiration of that cure period (for the avoidance of doubt, in the case of a failure under clause (iv) above as
to the equity awards, the cure shall make the Employee economically whole). 
 G. Except as otherwise specifically set forth in
this Agreement, all salary, benefits and other amounts payable by the Company to Employee shall cease at the time of any cessation of his employment with the Company, subject to the terms of any benefit or compensation plans then in force and
applicable to Employee; provided, however, in the event of a good faith dispute over the operation of the provisions of Paragraph 2(B)(1), 2(B)(3) or 6(E), the Company shall reimburse the Employee’s reasonable legal fees and expenses if he
substantially prevails in such dispute. 
 3. TIMING OF PAYMENTS FOLLOWING TERMINATION. 

A. If the termination giving rise to the payments described in paragraph 2(B) and 2(C) is not a “Separation from Service”
within the meaning of Treas. Reg. § 1.409A-1(h)(1) (or any successor provision), then the amounts otherwise payable pursuant to those paragraphs will instead be deferred without interest and will not be paid until Employee experiences a
Separation from Service. In addition, to the extent compliance with the requirements of Treas. Reg. § 1.409A-3(i)(2) (or any successor provision) is necessary to avoid the application of an

  
 -5-

 
additional tax under Section 409A of the Code to payments due to Employee upon or following his Separation from Service, then notwithstanding any other provision of this Agreement (or any
otherwise applicable plan, policy, agreement or arrangement), any such payments that are otherwise due within six months following Employee’s Separation from Service (taking into account the preceding sentence of this paragraph) will be
deferred without interest and paid to Employee in a lump sum immediately following that six month period. This paragraph should not be construed to prevent the application of Treas. Reg. §§ 1.409A-1(b)(4) or -1(b)(9)(iii)(or any successor
provisions) to any amount payable to Employee. For purposes of the application of Treas. Reg. § 1.409A-1(b)(4)(or any successor provision) to this Agreement, each payment in a series of payments will be deemed a separate payment. 

B. Notwithstanding anything in this Agreement to the contrary or otherwise, to the extent an expense, reimbursement or in-kind benefit
provided pursuant to paragraph 2 constitutes a “deferral of compensation” within the meaning of Section 409A of the Code (1) the amount of expenses eligible for reimbursement or in-kind benefits provided to the Employee during
any calendar year will not affect the amount of expenses eligible for reimbursement or in-kind benefits provided to the Employee in any other calendar year, (2) the reimbursements for expenses for which the Employee is entitled to be reimbursed
shall be made on or before the last day of the calendar year following the calendar year in which the applicable expense is incurred and (3) the right to payment or reimbursement or in-kind benefits hereunder may not be liquidated or exchanged
for any other benefit. 
 4. EFFECT OF CHANGE IN CONTROL ON OUTSTANDING EQUITY AWARDS. Effective immediately prior to and
contingent upon the occurrence of a Change in Control (as defined in the Company’s Equity Incentive Plan): (A) any stock options and restricted stock awards granted to Employee prior to October 1, 2011 that remain outstanding and
unvested will then become fully vested, (B) any Time Vested Options and Time Vested Restricted Shares (as such terms are defined below) granted pursuant to paragraph 6(E) that remain outstanding and unvested will then become fully vested,
(C) any outstanding Performance Shares (as defined below) will then vest at the target level and be immediately settled, and (D) any grants of time-vested stock options or time-vested restricted stock awards made after 2011 (other than
grants pursuant to Paragraph 6(E)) that remain outstanding and unvested will also then become fully vested and any other outstanding performance equity (other than grants pursuant to Paragraph 6(E)) will then, to the extent consistent with
Section 409A of the Code, vest at the target level and be immediately settled. 
 5. EXTENT OF SERVICES. During his
employment by the Company, Employee will not, directly or indirectly, engage in any other business activities or pursuits whatsoever, except: (i) activities in connection with any charitable or civic activities, (ii) personal
investments, (iii) service as an executor, trustee or in other similar fiduciary capacity, or (iv) other activities specifically authorized by the Compensation Committee of the Board; provided, however, that any of the
foregoing exceptions do not: (x) interfere with Employee’s performance of responsibilities and obligations pursuant to this Agreement, or (y) create a conflict of interest with Employee’s responsibilities to the Company. For
avoidance of doubt, incidental use of Company facilities (such as telephone or email systems) in furtherance of activities authorized under this paragraph will not constitute an interference with Employee’s obligations to the Company.

  
 -6-

 6. COMPENSATION AND BENEFITS. 

A. The Company shall pay to the Employee and the Employee agrees to accept from the Company, in full payment for the Employee’s
services hereunder, the annual base salary of $750,000 or as otherwise agreed to by the parties (the “Base Salary”). The Employee’s Base Salary will be reviewed on an annual basis and may be increased from time to time in the
discretion of the Compensation Committee after consultation with the independent members of the Board. 
 B. For each fiscal
year ending during Employee’s employment hereunder, Employee will be eligible to earn an annual bonus (the “Annual Bonus”). The target amount of such Annual Bonus will be 100% of Employee’s Base Salary for the applicable year,
with a maximum Annual Bonus opportunity of 200% of Employee’s Base Salary for the applicable year. The actual amount of any Annual Bonus payable under this paragraph 6(B) will be paid in accordance with the Destination Maternity Corporation
Management Incentive Plan or any successor arrangement, based on the Company’s achievement in the applicable fiscal year of corporate and/or individual performance goals approved by the Compensation Committee after consultation with the
independent members of the Board; provided that the Annual Bonus with respect to Company’s 2012, 2013 and 2014 fiscal years shall be based solely on the achievement of corporate performance goals, which goals will be the same as the corporate
performance goals applicable to the determination of annual bonuses for other named executive officers of the Company for the relevant year. 
 C. The Employee shall also receive all such benefits as are customarily provided by the Company to employees or executives, as described in the Company’s Team Member Handbook, if applicable, and in
the Company’s benefit summary plan descriptions and plan documents, if applicable, which are subject to change from time to time, within the sole discretion of the Company and in accordance with applicable law. Nonetheless, Employee will be
entitled to four (4) weeks paid vacation during each year of employment. Vacation days that remain unused at the end of any year will accrue or expire to the extent provided by Company policy, as in effect from time to time. 

D. In addition to the benefits customarily provided to other employees generally, or other executives, of the Company, the Company will:

 (1) provide Employee with the use of an automobile comparable to that presently made available to him,
together with insurance coverage for the use of that automobile commensurate with that presently provided; 
 (2)
reimburse Employee for (or pay on Employee’s behalf) the reasonable costs of purchasing supplemental long term disability insurance providing a disability benefit of up to $18,000 per month; and 

(3) reimburse Employee for (or pay on Employee’s behalf) the reasonable costs of purchasing a supplemental term life
insurance policy providing a two million dollar ($2,000,000) death benefit. 

  
 -7-

 E. Subject to Employee’s continued employment with the Company, Employee will be
granted annual equity awards in the Company’s 2012, 2013 and 2014 fiscal years on the terms specified in this paragraph. The equity awards granted for each such year will collectively be referred to herein as the “Fiscal 2012-2014 Annual
Award.” The Fiscal 2012-2014 Annual Award for the 2012 fiscal year will be in the forms attached hereto as Exhibits B, C and D. The Fiscal 2012-2014 Annual Award for each of the 2013 and 2014 fiscal years will have a grant date fair
value equal to the lesser of (1) $750,000 ($900,000, if the common stock of the Company exceeds $20.00 per share, as adjusted for any splits or similar transactions, on the date that any Annual Award is made), or (2) the aggregate fair
value as of that date of 26,785 Performance Shares, 30,647 Time Vested Options and 13,392 Time Vested Restricted Shares (each, as defined below). For this purpose, fair value will be determined in accordance with then applicable financial accounting
rules and in a manner consistent with that applied in connection with the preparation of the Company’s financial statements. The first Fiscal 2012-2014 Annual Award will be made on or prior to the Effective Date; the second Fiscal 2012-2014
Annual Award will be made on the date annual equity awards are made to other executives for the applicable fiscal year, but no later than December 23, 2012; and the third and final Fiscal 2012-2014 Annual Award will be made on the date annual
equity awards are made to other executives for the applicable fiscal year, but no later than December 23, 2013, subject, in each such case to Employee’s continued employment with the Company through the applicable grant date. No more than
50% of the aggregate fair value of each such Fiscal 2012-2014 Annual Award will consist of performance-based restricted stock units that vest based on both the achievement of specified corporate performance goals over the three fiscal year period
commencing with the fiscal year that includes the applicable grant date and the Employee’s continued service over the three year period that follows the applicable grant date (“Performance Shares”); no more than 25% of the aggregate
fair value of each such Fiscal 2012-2014 Annual Award will consist of stock options having an exercise price equal to the fair market value of the Company’s stock on the date of the grant and that vest in four equal annual installments based
solely on Employee’s continued employment with the Company over the four year period following the applicable grant date (the “Time Vested Options”); and the remaining portion of each Fiscal 2012-2014 Annual Award will consist of
restricted shares (or restricted stock units) that vest in four equal annual installments based solely on Employee’s continued employment with the Company over the four year period that follows the applicable grant date (the “Time Vested
Restricted Shares”). The performance targets applicable to such Performance Shares will be determined by the Compensation Committee after consultation with the independent members of the Board, provided that such performance goals will be the
same as the applicable corporate performance goals set for performance share awards made contemporaneously to other named executive officers of the Company and will be set in such a manner that Employee will have a reasonable opportunity to earn
such Performance Shares. 
 F. Beginning with the first quarter of fiscal year 2015 and for each fiscal year thereafter, the
Compensation Committee, after consultation with the independent members of the Board, will consider whether to grant the Employee additional equity awards, but no such additional awards are guaranteed. 

G. Employee acknowledges that, as a result of the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act and the
contemplated issuance of implementing regulations by the United States Securities and Exchange Commission (the “Act”), the Company 

  
 -8-

 
will soon be required to adopt a clawback policy with respect to incentive-based compensation. Employee agrees that all his rights to incentive-based compensation from the Company will be
subject to the terms of such policy, provided that such policy (1) is generally applicable to other named executive officers and (2) is reasonably calculated to facilitate compliance with the Act. The foregoing notwithstanding, no
incentive-based compensation paid, earned or issued prior to the Company’s adoption of a clawback policy will be subject to that policy, except to the extent required by applicable law; provided however that Employee agrees that any
compensation payable to him (even if attributable to awards granted prior to the effective date of the Act or the Company’s adoption of a clawback policy) may be offset by amounts otherwise required to be repaid to the Company under the
clawback policy. 
 7. CONFIDENTIAL INFORMATION. Confidential Information means information which the Company regards as
confidential or proprietary and which the Employee learns or develops during or related to their employment, including, but not limited to, information relating to: 
  

	 	a.	the Company’s products, suppliers, pricing, costs, sourcing, design, fabric and distribution processes; 

 

	 	b.	the Company’s marketing plans and projections; 

  

	 	c.	lists of names and addresses of the Company’s employees, agents, factories and suppliers; 

 

	 	d.	the methods of importing and exporting used by the Company; 

  

	 	e.	manuals and procedures created and/or used by the Company; 

  

	 	f.	trade secrets or other information that is used in the Company’s business, and which give the Company an opportunity to obtain an advantage over competitors who do
not know such trade secrets or how to use the same; and 

  

	 	g.	software in various stages of development (source code, object code, documentation, flow charts), specifications, models, data and customer information.

 Employee assigns to Company any rights Employee may have in any Confidential Information. Employee shall not
disclose any Confidential Information to any third-party or use any Confidential Information for any purposes other than as authorized by the Company. 
 8. SURRENDER OF MATERIALS. The Employee hereby agrees to deliver to the Company promptly upon request or on the date of termination of the Employee’s employment, all documents, copies thereof
and other materials in the Employee’s possession pertaining to the business of the Company and its customers, including, but not limited to, Confidential Information (and each and every copy, disk, abstract, summary or reproduction of

  
 -9-

 
the same made by or for the Employee or acquired by the Employee), and thereafter to promptly return documents and copies thereof and other material in the Employee’s possession. The
Employee will be responsible for the value of all Company or customer property that is not timely returned. Employee authorizes the Company to deduct the fair market value of such property from any monies owed to Employee. 

9. DISCLOSURE OF INFORMATION AND SOLICITATION OF EMPLOYEES; NON-COMPETE; CONFIDENTIAL INFORMATION OF THIRD PARTIES. The Employee
acknowledges that the Company has developed and maintains at great expense, a valuable supplier network, supplier contacts, many of which are of longstanding, product designs, and other information of the type described in paragraph 7 of this
Agreement, and that in order to pursue Employee’s employment gainfully under the Agreement, Employee will be given Confidential Information concerning such suppliers and products, including information concerning such suppliers’ purchasing
personnel, policies, requirements, and preferences, and such product’s design, manufacture and marketing. 
 A.
Accordingly, the Employee agrees that during the period of Employee’s employment and for thirty-six (36) months after termination of employment with the Company by Employee or by Company, for any reason, with or without Cause, the Employee
will not directly or indirectly: 
 (1) on Employee’s behalf or on behalf of any other person or entity,
perform any act with respect to the design, manufacture, sale, attempted sale or promotion of the sale of any Conflicting Product. 
 (2) own, manage, operate, finance, join, control, or participate in the ownership, management, operation, financing or control of, or be connected as an officer, director, employee, partner, principal,
agent, representative, consultant or otherwise with, or use or permit Employee’s name to be used in connection with: (a) any entity offering for sale or contemplating offering for sale any Conflicting Product, or (b) any entity
contacted by, or the responsibility of, the Employee or any person under the Employee’s supervision or direction, including applicable agents and suppliers (or, with respect to the application of this provision following Employee’s
termination of employment, any entity which during the twenty-four (24) month period prior to such termination was contacted by, or the responsibility of, the Employee or any person under the Employee’s supervision or direction, including
applicable agents and suppliers), or (c) a Competing Business, or (d) any entity which would require by necessity use of Confidential Information. 
 Notwithstanding the provisions of subparagraphs (1) and (2), Employee will not be deemed to violate this paragraph 9(A) on any given date by virtue of his involvement with a Competing Business, if
sales of Conflicting Products by that business in the 12 month period preceding that date do not exceed the lesser of (a) 5% of the gross revenues of that business for that trailing 12 month period, or (y) $30 million. 

  
 -10-

 The term “Conflicting Product” shall mean any product, process or service which is
the same as, similar to, or is in any manner competitive with any Company product (which includes third-party products that are distributed by Company), process, or service. Conflicting Products include, but are not limited to, maternity and nursing
apparel and related accessories. 
 The term “Competing Business” shall mean any business or enterprise engaged in the
design, manufacture, distribution or sale of any maternity or nursing apparel or related accessories, or any other business engaged in by the Company (or, with respect to the application of this provision following any termination of Employee’s
employment, any other business engaged in by the Company at the time of Employee’s termination of employment) within: (x) a state or commonwealth of the United States or the District of Columbia, or (y) any foreign country in which
the Company has engaged in business, or has undertaken preparations to engage in business within the preceding year (or, with respect to the application of this provision following any termination of Employee’s employment, within the year
preceding Employee’s termination of employment). 
 B. During the period of Employee’s employment by the Company and
for thirty-six (36) months thereafter (the “Restricted Period”), the Employee will not induce, attempt to induce or in any way assist any other person in inducing or attempting to induce any employee or agent of the Company to
terminate their relationship with the Company. Further, during such period Employee will not directly or indirectly, on Employee’s own behalf or on behalf of any other person or entity, employ or solicit for employment any current or former
Company employee or agent. 
 C. If there is a breach or threatened breach of any of the foregoing provisions of this section,
or any other obligation contained in this Agreement, the Company shall be entitled to an injunction restraining the Employee from any such breach without the necessity of proving actual damages, and the Employee waives the requirement of posting a
bond. Nothing herein, however, shall be construed as prohibiting the Company from pursuing other remedies for such breach or threatened breach. 
 D. Employee agrees not to disclose to Company or use for its benefit any confidential information that Employee may possess from any prior employers or other sources. 

E. Employee agrees to disclose the existence and terms of this paragraph 9 to any enterprise for which Employee performs services during
the Restricted Period. 
 10. OTHER CONDITIONS OF EMPLOYMENT. The Employee shall be subject to other terms and conditions
of employment as set forth in the prevailing Company: a) Team Member Handbook, b) commission, bonus or stock option programs and c) any other Company policies or benefits, all of which shall be subject to interpretation and change from time to time
at the sole discretion of the Company. 
 11. GOVERNING LAW AND RELATED MATTERS. This Agreement shall be governed by and
construed and enforced in accordance with the laws of the Commonwealth of 

  
 -11-

 
Pennsylvania. Employee agrees that in the event of any violation of this Agreement, or any other matter arising out of or relating to this Agreement, an action may be removed to or commenced by
Employer in any federal or state court of competent jurisdiction in the Commonwealth of Pennsylvania. Employee hereby waives, to the fullest extent permitted by law, any objection that Employee may now or hereafter have to such jurisdiction or to
the laying of the venue of any such suit, action or proceeding brought in such a court and any claim that such suit, action or proceeding has been brought in an inconvenient forum. Employee agrees that effective service of process may be made upon
Employee by mail to any address Employee has provided to Company. In the event either party files suit against the other for any reason, or in the event either party is otherwise involved in litigation concerning this Agreement or the employment
relationship between the parties, and a court of competent jurisdiction finds in favor of a party on any such matter, the losing party shall reimburse the prevailing party its reasonable costs and attorney’s fees incurred in connection with
such suit. 
 The various parts of this Agreement are intended to be severable. Should any part be rendered or declared invalid be reason of any
legislation or by a decree of a court of competent jurisdiction, such part shall be deemed modified to the extent required by such legislation or decree and the invalidation or modification of such part shall not invalidate or modify the remaining
parts hereof. Without limiting the generality of the foregoing, if the scope of any covenant contained in this Agreement is too broad to permit enforcement to its full extent, such covenant shall be enforced to the maximum extent permitted by law.
The Employee agrees that such scope may be judicially modified accordingly. 
 12. SUCCESSORS AND ASSIGNMENT. The Company
may assign its interest in connection with this Agreement to any successor to all or substantially all of its assets and business by means of liquidation, dissolution, merger, consolidation, transfer of assets, or otherwise, provided that such
successor assumes in writing all of the obligations of the Company under this Agreement. 
 13. ENTIRE AGREEMENT. This
Agreement and the Award Agreements attached hereto represent the full and complete understanding between the Company and the Employee with respect to the subject matter hereof and supersedes all prior representations and understandings, whether oral
or written and, except as provided for herein, shall not be modified except upon written amendment executed by Employee and an officer of Company holding the position of Vice President or above. 

14. ACKNOWLEDGMENT. Employee acknowledges that Employee was provided with an unsigned copy of this Agreement in advance of
continuing employment and was accorded ample opportunity to read, ask questions, seek clarification, and seek whatever counsel relative to the Agreement Employee desired. Employee further acknowledges receipt of a signed copy of this Agreement and
that Employee has read and understands all of its terms and conditions. 

  
 -12-

 IN WITNESS WHEREOF, the parties have executed this instrument the day and year above and
below written. 
  

							
	DESTINATION MATERNITY CORPORATION	 		 	EDWARD M. KRELL
				
	By:	 	 /s/ Judd P. Tirnauer
	 		 	 /s/ Edward M. Krell

							
	Title:	 	 Executive Vice President
 &
Chief Financial Officer
	 		 	
			
	Date: March 6, 2012	 		 	Date: March 6, 2012

 Executed At: Philadelphia, PA 

  
 -13-

 Exhibit A 

SEPARATION AND RELEASE AGREEMENT 
 THIS SEPARATION AND RELEASE AGREEMENT (this “Release”) is made by and between EDWARD M. KRELL (“Employee”) and DESTINATION MATERNITY CORPORATION f/k/a Mothers Work, Inc.
(the “Company”). 
 WHEREAS, Employee’s employment by the Company has terminated; and 

WHEREAS, pursuant to paragraph 2([  ]) of the Third Amended and Restated Employment Agreement by and between the Company
and Employee dated March 6, 2012 (the “Agreement”), the Company has agreed to pay Employee certain amounts and to provide him with certain rights and benefits, subject to the execution of this Release. 

NOW THEREFORE, in consideration of these premises and the mutual promises contained herein, and intending to be legally bound hereby, the
parties agree as follows: 
 1. Resignation and Consideration. 

1.1. Effective immediately, Employee hereby resigns as an officer of the Company and each of its subsidiaries and affiliates. 

1.2. Employee acknowledges that: (i) the payments, rights and benefits set forth in paragraph 2([  ]) of the
Agreement constitute full settlement of all his rights under the Agreement, (ii) he has no entitlement under any other severance or similar arrangement maintained by the Company, and (iii) except as otherwise provided specifically in this
Release, the Company does not and will not have any other liability or obligation to Employee. Employee further acknowledges that, in the absence of his execution of this Release, the benefits and payments specified in paragraph
2([  ]) of the Agreement would not otherwise be due to him. 
 2. Employee’s Release. 

2.1. Employee hereby fully and forever releases and discharges the Company, its parent and subsidiary corporations and each of their
predecessors, successors, assigns, stockholders, affiliates, officers, directors, trustees, employees, agents and attorneys, past and present (the Company and each such person or entity is referred to as a “Released Person”) from
any and all claims, demands, liens, agreements, contracts, covenants, actions, suits, causes of action, obligations, controversies, debts, costs, expenses, damages, judgments, orders and liabilities, of whatever kind or nature, direct or indirect,
in law, equity or otherwise, whether known or unknown, arising through the date of this Release out of Employee’s employment by the Company or the termination thereof, including, but not limited to, any claims for relief or causes of action
under the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq., or any other federal, state or local statute, ordinance or regulation regarding discrimination in employment and any claims, demands or actions based upon alleged
wrongful or retaliatory discharge or breach of contract under any state or federal law. 

  
 Exhibit -1

 2.2. Employee expressly represents that he has not filed a lawsuit or initiated any other
administrative proceeding against a Released Person and that he has not assigned any claim against a Released Person. Employee further promises not to initiate a lawsuit or to bring any other claim against the other arising out of or in any way
related to Employee’s employment by the Company or the termination of that employment. This Release will not prevent Employee from filing a charge with the Equal Employment Opportunity Commission (or similar state agency) or participating in
any investigation conducted by the Equal Employment Opportunity Commission (or similar state agency); provided, however, that any claims by Employee for personal relief in connection with such a charge or investigation (such as reinstatement
or monetary damages) would be barred. 
 2.3. The foregoing will not be deemed to release the Company from (a) claims
solely to enforce paragraph 2([ ]) of the Agreement, (b) claims for benefits (not including severance benefits) under the Company’s employee welfare benefit plans and employee pension benefit plans, subject to the terms and
conditions of those plans, or (c) claims for indemnification under the Company’s By-Laws. 
 3. Company
Release. 
 3.1. The Company hereby fully and forever releases and discharges the Employee and his executors, administrators
and heirs from any and all claims, demands, liens, agreements, contracts, covenants, actions, suits, causes of action, obligations, controversies, debts, costs, expenses, damages, judgments, orders and liabilities, of whatever kind or nature, direct
or indirect, in law, equity or otherwise, whether known or unknown, arising through the date of this Release out of Employee’s service to the Company or the termination thereof. 

3.2. The Company expressly represents that it has not filed a lawsuit or initiated any other administrative proceeding against Employee
and that it has not assigned any claim against Employee. The Company further promises not to initiate a lawsuit or to bring any other claim against Employee arising out of or in any way related to Employee’s service to the Company or the
termination thereof. 
 3.3. The foregoing will not be deemed to release Employee from claims (a) to enforce paragraph
9 of the Agreement, (b) claims arising from acts or omissions by Employee that would constitute a crime, or (c) claims that are not known to any member of the Company’s Board of Directors (provided that a claim will be deemed
known if the basis for each material element of the claim could have been ascertained by the Board of Directors prior to the date hereof upon reasonable inquiry). 
 4. Restrictive Covenants. Employee acknowledges that restrictive covenants contained in paragraph 9 of the Agreement will survive the termination of his employment. Employee affirms that
those restrictive covenants are reasonable and necessary to protect the legitimate interests of the Company, that he received adequate consideration in exchange for agreeing to those restrictions and that he will abide by those restrictions.

 5. Non-Disparagement. Employee will not disparage any Released Person or otherwise take any action which could
reasonably be expected to adversely affect the personal or 

  
 Exhibit -2

 
professional reputation of any Released Person. Similarly, the Company (meaning, solely for this purpose, the executive officers and directors of the Company and other persons authorized to make
official communications on behalf of the Company) will not disparage Employee or otherwise take any action which could reasonably be expected to adversely affect the personal or professional reputation of Employee. Notwithstanding the foregoing, in
no event will any legally required disclosure or action be deemed to violate this paragraph, regardless of the content of such disclosure or the nature of such action. 
 6. Cooperation. Employee further agrees that, subject to reimbursement of his reasonable expenses, he will cooperate fully with the Company and its counsel with respect to any matter
(including litigation, investigations, or governmental proceedings) in which Employee was in any way involved during his employment with the Company. Employee will render such cooperation in a timely manner on reasonable notice from the Company,
provided that the Company will attempt to limit the need for Employee’s cooperation under this paragraph so as not to unduly interfere with his other personal and professional commitments. 

7. Notice. Any notice or communication required or permitted under this Agreement shall be made in writing and sent by certified
or registered mail, return receipt requested, addressed as follows: 
 If to Employee: 

Edward M. Krell 

[mailing address redacted in filed version] 
 If to Company: 
 Destination Maternity Corporation 

456 North Fifth Street 
 Philadelphia, PA 19123 
 Attn: General Counsel 

or to such other address as either party may from time to time duly specify by notice given to the other party in the manner specified above. 

8. Rescission Right. Employee expressly acknowledges and recites that (a) he has read and understands the terms of
this Release in its entirety, (b) he has entered into this Release knowingly and voluntarily, without any duress or coercion; (c) he has been advised orally and is hereby advised in writing to consult with an attorney with respect to this
Release before signing it; (d) he was provided 21 calendar days after receipt of the Release to consider its terms before signing it; and (e) he is provided 7 calendar days from the date of signing to terminate and revoke this Release, in
which case this Release shall be unenforceable, null and void. Employee may revoke this Release during those 7 days by providing written notice of revocation to the Company at the address specified in paragraph 7 herein. 

  
 Exhibit -3

 9. Challenge. If Employee violates or challenges the enforceability of this Release,
no further payments, rights or benefits under paragraph 2([_]) of the Agreement will be due to Employee. 
 10.
Miscellaneous. 
 10.1. No Admission of Liability. This Release is not to be construed as an admission of any
violation of any federal, state or local statute, ordinance or regulation or of any duty owed by the Company to Employee. There have been no such violations, and the Company specifically denies any such violations. 

10.2. Severability. Whenever possible, each provision of this Release will be interpreted in such manner as to be effective and
valid under applicable law. However, if any provision of this Release is held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability will not affect any other provision, and this Release will be
reformed, construed and enforced as though the invalid, illegal or unenforceable provision had never been herein contained. 

10.3. Entire Agreement; Amendments. Except as otherwise provided herein, this Release contains the entire agreement and
understanding of the parties hereto relating to the subject matter hereof, and merges and supersedes all prior and contemporaneous discussions, agreements and understandings of every nature relating to the subject matter hereof. This Release may not
be changed or modified, except by an agreement in writing signed by each of the parties hereto. 
 10.4. Governing Law.
This Release shall be governed by, and enforced in accordance with, the laws of the State of Delaware, without regard to the application of the principles of conflicts of laws. 

10.5. Counterparts and Facsimiles. This Release may be executed, including execution by facsimile signature, in multiple
counterparts, each of which shall be deemed an original, and all of which together shall be deemed to be one and the same instrument. 
 [Signature page follows.] 

  
 Exhibit -4

 IN WITNESS WHEREOF, the Company has caused this Release to be executed by its duly
authorized officer, and Employee has executed this Release, in each case on the date indicated below, respectively. 
  

			
	DESTINATION MATERNITY CORPORATION
		
	By:	 	  

 

			
		
	Name & Title:	 	  

 

			
		
	Date:	 	  

	
	EDWARD M. KRELL
	
	  

		
	Date:	 	  

  
 Exhibit -5

 Exhibit B 

2012 PERFORMANCE SHARE AWARD AGREEMENT 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 
 UNDER THE AMENDED AND RESTATED

 DESTINATION MATERNITY CORPORATION 
 2005 EQUITY INCENTIVE PLAN 
 THIS RESTRICTED STOCK UNIT AWARD AGREEMENT
(this “Agreement”) is made by and between Destination Maternity Corporation, a Delaware corporation, (the “Company”) and Edward M. Krell (the “Grantee”). 

WHEREAS, the Company maintains the Amended and Restated Destination Maternity Corporation 2005 Equity Incentive Plan (the
“Plan”) for the benefit of its employees, directors, consultants, and other individuals who provide services to the Company; and 
 WHEREAS, the Plan permits the grant of Restricted Stock Units, including Restricted Stock Units that are Performance Awards; and 
 WHEREAS, to compensate the Grantee for his or her service with the Company and to further align the Grantee’s financial interests with those of the Company’s other stockholders, the Board
approved this Award of Restricted Stock Units on December 29, 2011 (the “Effective Date”). 
 NOW,
THEREFORE, in consideration of these premises and the agreements set forth herein, the parties, intending to be legally bound hereby, agree as follows: 
 1. Award of Performance-Based Restricted Stock Units. 
 (a)
Award. The Company hereby awards the Grantee 25,000 Restricted Stock Units (the “Target Award”), subject to adjustment as set forth in Section 5 of this Agreement and Section 3(c) of the Plan and subject further to
the restrictions and on the terms and conditions set forth in this Agreement (the “Restricted Stock Units”). The terms of the Plan are hereby incorporated into this Agreement by this reference, as though fully set forth herein.
Except as otherwise provided herein, capitalized terms herein will have the same meaning as defined in the Plan. 
 (b)
Performance Restricted Stock Units. The Restricted Stock Units are Performance Awards and will become vested if and to the extent the service and performance vesting conditions set forth in Section 2 are satisfied. To the extent so
vested, each Restricted Stock Unit represents an unfunded, unsecured right of the Grantee to receive one Share at a specified time. 
 2. Vesting of Restricted Stock Units.  
 (a) Performance
Criteria. If the Grantee is continuously employed by the Company and/or its Affiliates through the “Settlement Date” (as defined in Section 3), the Grantee will 

  
 Exhibit -1

 
vest in such percentage of the Target Award based on the Company’s cumulative “Operating Income” (as defined below) with respect to the Company’s 2012 fiscal year through and
including the Company’s 2014 fiscal year (the “Performance Period”), as set forth in the following table: 
  

													
	 	  	Threshold Level	 	  	Target Level	 	  	Maximum Level	 
	 Cumulative Operating Income
	  	$	120,000,000	  	  	$	126,000,000	  	  	$	132,000,000	  
	 Percent of Target Award Vested
	  	 
 	50% of Target
Award	  
  	  	 
 	100% of Target
Award	  
  	  	 
 	150% of Target
Award	  
  

 The Committee will interpolate to determine the Restricted Stock Units vested for all levels of cumulative Operating
Income above the Threshold Level but below the Maximum Level. Notwithstanding the foregoing, if the Company’s Operating Income for the 2014 fiscal year does not equal or exceed $38,244,000, all of Grantee’s Restricted Stock Units will be
forfeited with no further compensation due to Grantee. Additionally, if cumulative Operating Income is below the Threshold Level, all of Grantee’s Restricted Stock Units will be forfeited with no further compensation due to Grantee.

 (b) Definition of Operating Income. Operating Income shall mean the Company’s operating income, as reflected in
the Company’s financials, adjusted to exclude the impact of (i) any changes to accounting principles that become effective during the Performance Period; (ii) any expenses incurred by the Company in connection with the Company’s
evaluation, pursuit or consummation of one or more strategic alternatives or transactions (which expenses are incurred in connection with extraordinary, unusual or infrequently occurring events reported in the Company’s public filings);
(iii) gain or loss from the early extinguishment, redemption, or repurchase of debt; and (iv) gain or loss from all litigation and insurance claims and recoveries. Additionally, the Committee reserves the right, in its sole judgment, to
utilize negative discretion to make equitable adjustments to Operating Income with respect to extraordinary, unusual or infrequently occurring events and/or acquisitions or dispositions by the Company of any entity or line of business (or
acquisitions or dispositions of all or substantially all of the assets of an entity or line of business) that occur during the Performance Period. 
 (c) Change in Control. If a Change in Control occurs during the Performance Period and the Grantee is continuously employed by the Company and/or its Affiliates through the date of that Change in
Control, the Grantee will vest in the Restricted Stock Units at the Target Level and, and in full settlement of his or her rights hereunder, will receive a distribution of the Shares underlying such Restricted Stock Units immediately prior to but
contingent upon such Change in Control. In addition, upon a Change in Control that also constitutes a “change of ownership or control” pursuant to Section 162(m) and the regulations thereunder, the Committee reserves the right, on a
case by case basis, to increase the vested Restricted Stock Units from the Target Level to the Maximum Level or to any other amount in between those levels. For avoidance of doubt, this paragraph will not limit the right of the Board to take other
action with respect to the Restricted Stock Units under Section 3(d)(vi) of the Plan upon the occurrence of any Change in Control. 
 (d) Certain Terminations of Service. If the Grantee’s employment with the Company and its Affiliates is terminated prior to distribution of Shares in respect of vested Restricted

  
 Exhibit -2

 
Stock Units (i) due to the Grantee’s death, (ii) due to the Grantee becoming Disabled, (iii) by the Company without “Cause” or (iv) by the Grantee for
“Good Reason” (as such terms are defined in the employment agreement between the Company and the Grantee), then notwithstanding such termination of employment, the Grantee will vest in a number of the Restricted Stock Units equal to that
number of Restricted Stock Units that would otherwise have vested in accordance with Section 2(a) above (i.e., based on the actual performance of the Company through the end of the Performance Period), pro-rated in a ratio equal to the full
number of completed days of the Grantee’s employment with the Company or its Affiliates in the Performance Period over 1095. Any remaining Restricted Stock Units that do not then vest will be forfeited with no further compensation due to
Grantee. If the Grantee’s employment with the Company and its Affiliates terminates or is terminated for any other reason prior to the Settlement Date, all of the Grantee’s Restricted Stock Units will be forfeited immediately with no
further compensation due to Grantee. The foregoing treatment upon the termination of the Grantee’s employment with the Company and its Affiliates during the Performance Period will supersede any contrary treatment in any presently existing
employment agreement between the Company and the Grantee. 
 3. Settlement. Except as
otherwise provided above in Section 2(c), the Committee will certify the performance results, and the resulting number of vested Restricted Stock Units, promptly following the end of the Performance Period. Shares will be distributed to the
Grantee in respect of vested Restricted Stock Units within 2 1/2 months following the end of the Performance Period (the “Settlement Date”). 
 4. Non-Transferability. Neither the Restricted Stock Units nor any right with respect thereto may be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by
the Grantee other than by will or by the laws of descent and distribution, and any purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance will be void and unenforceable. 

5. Rights of Grantee During Restricted Period. The Grantee will not have any stockholder rights or privileges, including
voting rights, with respect to the Shares underlying the Restricted Stock Units until such Shares are delivered to the Grantee. Notwithstanding the foregoing, if the Company declares and pays a cash dividend or distribution with respect to its
Shares prior to the Settlement Date, the Restricted Stock Units then subject hereto will be increased by a number of additional Restricted Stock Units determined by dividing (A) the total dividend or distribution that would then be payable with
respect to a number of Shares equal to the number of Restricted Stock Units subject hereto on the dividend or distribution record date (including any additional Restricted Stock Units previously credited pursuant to this paragraph), divided by
(b) the Fair Market Value on the dividend or distribution record date. Additional Restricted Stock Units credited under this paragraph will be subject to the same terms and conditions (including the same performance vesting and settlement) as
the Restricted Stock Units subject hereto immediately prior to such dividend or distribution. 
 6. Securities
Laws. The Board may from time to time impose any conditions on the Restricted Stock Units or the Shares underlying such award, as it deems necessary or advisable to ensure that the Shares are issued and resold in compliance with the
Securities Act of 1933, as amended. 

  
 Exhibit -3

 7. Tax Consequences. The Grantee acknowledges that the Company has not advised
the Grantee regarding the Grantee’s income tax liability in connection with the grant, vesting or settlement of the Restricted Stock Units. The Grantee has had the opportunity to review with his or her own tax advisors the federal, state and
local tax consequences of the transactions contemplated by this Agreement. The Grantee is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. The Grantee understands that the Grantee (and
not the Company) shall be responsible for the Grantee’s own tax liability that may arise as a result of the transactions contemplated by this Agreement. 
 8. The Plan. This Award of Restricted Stock Units is subject to, and the Grantee agrees to be bound by, all of the terms and conditions of the Plan, as such Plan may be amended from time to
time in accordance with the terms thereof. Pursuant to the Plan, the Board is authorized to adopt rules and regulations not inconsistent with the Plan as it shall deem appropriate and proper. A copy of the Plan in its present form is available for
inspection during business hours by the Grantee at the Company’s principal office. All questions of the interpretation and application of the Plan and the Grantee shall be determined by the Board and any such determination shall be final,
binding and conclusive. 
 9. Entire Agreement. This Agreement, together with the Plan, represents the entire
agreement between the parties hereto relating to the subject matter hereof, and merges and supersedes all prior and contemporaneous discussions, agreements and understandings of every nature. 

10. No Right to Continued Employment. Neither the Plan nor this Agreement shall be construed as giving the Grantee the
right to be retained in the employ of, or in any consulting relationship with, the Company or any of its Affiliates. Further, the Company (or, as applicable, its Affiliates) may at any time dismiss the Grantee, free from any liability or any claim
under the Plan or this Agreement, except as otherwise expressly provided herein. 
 11. Electronic Delivery of
Documents. The Grantee hereby authorizes the Company to deliver electronically any prospectuses or other documentation related to this Award, the Plan and any other compensation or benefit plan or arrangement in effect from time to time
(including, without limitation, reports, proxy statements or other documents that are required to be delivered to participants in such plans or arrangements pursuant to federal or state laws, rules or regulations). For this purpose, electronic
delivery will include, without limitation, delivery by means of e-mail or e-mail notification that such documentation is available on the Company’s Intranet site. Upon written request, the Company will provide to the Grantee a paper copy of any
document also delivered to the Grantee electronically. The authorization described in this paragraph may be revoked by the Grantee at any time by written notice to the Company. 

12. Tax Withholding. The Company hereby agrees that, at the election of the Grantee and except as would otherwise violate
the terms of any financing agreement to which the Company is then a party, the minimum required tax withholding obligations arising in connection with this Award may be settled by withholding the delivery of nonforfeitable Shares otherwise
distributable hereunder in respect of vested Restricted Stock Units based on the Fair Market Value of those Shares. 

  
 Exhibit -4

 13. Governing Law. This Agreement will be construed in accordance with the
laws of the Commonwealth of Pennsylvania, without regard to the application of the principles of conflicts of laws. 
 14.
Amendment. Subject to the provisions of the Plan, this Agreement may only be amended by a writing signed by each of the parties hereto. 
 15. Execution. This Agreement may be executed, including execution by facsimile signature, in one or more counterparts, each of which will be deemed an original, and all of which together
shall be deemed to be one and the same instrument. 
 [This space left blank intentionally; signature page follows.]

  
 Exhibit -5

 IN WITNESS WHEREOF, the Company’s duly authorized representative and the Grantee have
each executed this Restricted Stock Unit Award Agreement on the respective date below indicated. 
  

			
	DESTINATION MATERNITY CORPORATION
		
	By:	 	  

 

			
	
	Name: Judd P. Tirnauer
		
	Title: 	 	Executive Vice President & Chief Financial Officer
		
	Date:	 	March 6, 2012
	
	EDWARD M. KRELL

 
			
		
	Signature:	 	  

	
	Date: March 6, 2012

  
 Exhibit -6

 Exhibit C 

2012 TIME VESTED RESTRICTED SHARE AWARD AGREEMENT 
 RESTRICTED STOCK AWARD AGREEMENT 
 UNDER THE AMENDED AND RESTATED

 DESTINATION MATERNITY CORPORATION 
 2005 EQUITY INCENTIVE PLAN 
 EDWARD M. KRELL 

THIS RESTRICTED STOCK AWARD AGREEMENT (this “Agreement”) is made by and between Destination Maternity Corporation, a
Delaware corporation, (the “Company”) and the individual named above (the “Grantee”). 

WHEREAS, the Company maintains the Amended and Restated Destination Maternity Corporation 2005 Equity Incentive Plan (the
“Plan”) for the benefit of its employees, directors, consultants, and other individuals who provide services to the Company; and 
 WHEREAS, the Plan permits the grant of Restricted Stock; and 
 WHEREAS, to
compensate the Grantee for his service to the Company and to further align the Grantee’s financial interests with those of the Company’s other stockholders, the Board approved this Award of Restricted Stock effective on March 6, 2012
(the “Effective Date”), subject to the restrictions and on the terms and conditions contained in the Plan and this Agreement. 
 NOW, THEREFORE, in consideration of these premises and the agreements set forth herein, the parties, intending to be legally bound hereby, agree as follows: 

1. Award of Restricted Shares. The Company hereby awards the Grantee 18,299 Shares of Restricted Stock, subject to the
restrictions and on the terms and conditions set forth in this Agreement (the “Restricted Shares”). The terms of the Plan are hereby incorporated into this Agreement by this reference, as though fully set forth herein. Except as
otherwise provided herein, capitalized terms herein will have the same meaning as defined in the Plan. 
 2. Vesting of
Restricted Shares. The Restricted Shares are subject to forfeiture to the Company until they become nonforfeitable in accordance with this Section 2. While subject to forfeiture, the Restricted Shares may not be sold, pledged,
assigned, otherwise encumbered or transferred in any manner, whether voluntarily or involuntarily by the operation of law. 

(a) Vesting. Provided that the Grantee remains continuously employed or engaged by the Company through the applicable vesting
date, the Restricted Shares will become nonforfeitable as follows: 

  
 Exhibit -1

 i. 25% of the Restricted Shares will become nonforfeitable on November 18, 2012;

 ii. An additional 25% of the Restricted Shares will become nonforfeitable on November 18, 2013; 

iii. An additional 25% of the Restricted Shares will become nonforfeitable on November 18, 2014; and 

iv. The final 25% of the Restricted Shares will become nonforfeitable on November 18, 2015. 

The vesting of the Restricted Shares will also be subject to acceleration to the extent described in that certain Third Amended and Restated Employment
Agreement by and between the Company and Grantee dated March 6, 2012 (the “Employment Agreement”). 
 (b)
Unvested Shares Forfeited Upon Cessation of Service. Upon any cessation of the Grantee’s service with the Company (whether initiated by the Company, Grantee or otherwise): (i) any Restricted Shares that are not then nonforfeitable
will immediately and automatically, without any action on the part of the Company, be forfeited, and (ii) the Grantee will have no further rights with respect to those shares. 

3. Issuance of Shares. 
 A. The Company will cause the Restricted Shares to be issued in the Grantee’s name either by book-entry registration or issuance of a stock certificate or certificates. 

B. While the Restricted Shares remain forfeitable, the Company will cause an appropriate stop-transfer order to be issued and to remain
in effect with respect to the Restricted Shares. As soon as practicable following the time that any Restricted Share becomes nonforfeitable (and provided that appropriate arrangements have been made with the Company for the withholding or payment of
any taxes that may be due with respect to such Share), the Company will cause that stop-transfer order to be removed. The Company may also condition delivery of certificates for Restricted Shares upon receipt from the Grantee of any undertakings
that it may determine are appropriate to facilitate compliance with federal and state securities laws. 
 C. If any certificate
is issued in respect of Restricted Shares, that certificate will be legended as described in Section 8(b) of the Plan and held in escrow by the Company’s secretary or his or her designee. In addition, the Grantee may be required to execute
and deliver to the Company a stock power with respect to those Restricted Shares. At such time as those Restricted Shares become nonforfeitable, the Company will cause a new certificate to be issued without that portion of the legend referencing the
previously applicable forfeiture conditions and will cause that new certificate to be delivered to the Grantee (again, provided that appropriate arrangements have been made with the Company for the withholding or payment of any taxes that may be due
with respect to such Shares). 

  
 Exhibit -2

 4. Substitute Property. If, while any of the Restricted Shares remain
subject to forfeiture, there occurs a merger, reclassification, recapitalization, stock split, stock dividend or other similar event or transaction resulting in new, substituted or additional securities being issued or delivered to the Grantee by
reason of the Grantee’s ownership of the Restricted Shares, such securities will constitute “Restricted Shares” for all purposes of this Agreement and any certificate issued to evidence such securities will immediately be
deposited with the secretary of the Company (or his or her designee) and subject to the escrow described in Section 3(c), above. 
 5. Rights of Grantee During Restricted Period. The Grantee will have the right to vote the Restricted Shares and to receive dividends and distributions with respect to the Restricted Shares;
provided, however, that any cash dividends or distributions paid in respect of the Restricted Shares while those Shares remain subject to forfeiture will be delivered to the Grantee only if and when the Restricted Shares giving rise to such
dividends or distributions become nonforfeitable. 
 6. Securities Laws. The Board may from time to time impose
any conditions on the Restricted Shares as it deems necessary or advisable to ensure that the Restricted Shares are issued and resold in compliance with the Securities Act of 1933, as amended. 

7. Tax Consequences. The Grantee acknowledges that the Company has not advised the Grantee regarding the Grantee’s
income tax liability in connection with the grant of or the lapse of forfeiture restrictions on the Restricted Shares. The Grantee has had the opportunity to review with his or her own tax advisors the federal, state and local tax consequences of
the transactions contemplated by this Agreement. The Grantee is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. The Grantee understands that the Grantee (and not the Company) shall be
responsible for the Grantee’s own tax liability that may arise as a result of the transactions contemplated by this Agreement. 
 8. The Plan. This Award of Restricted Shares is subject to, and the Grantee agrees to be bound by, all of the terms and conditions of the Plan, as such Plan may be amended from time to time
in accordance with the terms thereof. Pursuant to the Plan, the Board is authorized to adopt rules and regulations not inconsistent with the Plan as it shall deem appropriate and proper. A copy of the Plan in its present form is available for
inspection during business hours by the Grantee at the Company’s principal office. All questions of the interpretation and application of the Plan and the Grantee shall be determined by the Board and any such determination shall be final,
binding and conclusive. 
 9. Entire Agreement. This Agreement, together with the Plan and the relevant portions
of the Employment Agreement, represent the entire agreement between the parties hereto relating to the subject matter hereof and merges and supersedes all prior and contemporaneous discussions, agreements and understandings of every nature.

 10. Tax Withholding. The Company hereby agrees that, at the election of the Grantee and except as would
otherwise violate the terms of any financing agreement to which the Company is then a party, the minimum required tax withholding obligations arising in 

  
 Exhibit -3

 
connection with this Award may be settled in nonforfeitable Shares subject to this Award based on the Fair Market Value of those Shares. 

11. Governing Law. This Agreement will be construed in accordance with the laws of the Commonwealth of Pennsylvania,
without regard to the application of the principles of conflicts of laws. 
 12. Amendment. Subject to the
provisions of the Plan, this Agreement may only be amended by a writing signed by each of the parties hereto. 
 13.
Execution. This Agreement may be executed, including execution by facsimile or electronic signature. 

[signature page follows] 

  
 Exhibit -4

 IN WITNESS WHEREOF, this Agreement has been executed by the parties on
the 6th day of March, 2012. 

 

			
	DESTINATION MATERNITY CORPORATION
		
	By:	 	  

 

			
	
	Name: Judd P. Tirnauer
		
	Title: 	 	Executive Vice President & Chief Financial Officer
		
	Date:	 	March 6, 2012
	
	EDWARD M. KRELL

 
			
		
	Signature:	 	  

	
	Date: March 6, 2012

  
 Exhibit -5

 Exhibit D 

TIME VESTED OPTION AWARD AGREEMENT 
 NON-QUALIFIED STOCK OPTION AGREEMENT 
 UNDER THE AMENDED AND RESTATED

 DESTINATION MATERNITY CORPORATION 
 2005 EQUITY INCENTIVE PLAN 
 Destination Maternity Corporation, a Delaware
corporation (the “Company”), hereby grants to Edward M. Krell (the “Optionee”) an option to purchase a total of 28,604 shares of Common Stock (the “Shares”) of the Company, at the price and on the
terms set forth herein, and in all respects subject to the terms and provisions of the Company’s Amended and Restated 2005 Equity Incentive Plan, as amended from time to time (the “Plan”), which terms and provisions are
incorporated by reference herein. Unless the context herein otherwise requires, the terms defined in the Plan shall have the same meanings herein. 
 A. Nature of the Option. This Option is intended to be a non-statutory stock option and is not intended to be an Incentive Stock Option within the meaning of Section 422 of the
Code, or to otherwise qualify for any special tax benefits to the Optionee. 
 B. Date of Grant; Term of Option.
This Option was granted on March 6, 2012 (the “Grant Date”), and it may not be exercised later than the date that is 10 years after the Grant Date, subject to earlier termination as provided in the Plan. 

C. Option Exercise Price. The Option exercise price is $18.20 per Share, the Fair Market Value on the Grant Date.

 D. Exercise of Option. 
 (1) Right to Exercise. The Option will become vested and exercisable with respect to 25% of the Shares subject hereto on November 18, 2012 and on each of the three (3) subsequent
anniversaries thereof, provided, in each case, that the Optionee remains in continuous service with the Company through the applicable date. In addition, the Option will become fully vested and exercisable immediately prior to and contingent upon
the occurrence of a Change in Control (as defined in the Plan) provided that the Optionee remains in continuous service with the Company through the date of that Change in Control. The vesting of the Option will also be subject to acceleration to
the extent described in that certain Third Amended and Restated Employment Agreement by and between the Company and Grantee dated March 6, 2012 (the “Employment Agreement”). Upon a cessation of the Optionee’s service, any then
unvested portion of the Option (determined after giving effect to the preceding sentence) will then terminate and any then vested portion of the Option will survive and remain exercisable to the extent provided in Section 7 of the Plan.

 (2) Method of Exercise. This Option shall be exercisable by written notice which shall state the election to exercise
this Option, the number of Shares in respect to which the 

 
Option is being exercised and such other representations of agreements as to the Optionee’s investment intent with respect to such Shares as may be required by the Company hereunder or
pursuant to the provision of the Plan. Such written notice shall be signed by the Optionee and shall be delivered in person or by certified mail to the Secretary of the Company or such other person as may be designated by the Company. The written
notice shall be accompanied by payment of the purchase price and the amount of any tax withholding arising in connection with the exercise of the Option. Payment of the purchase price and tax withholding shall be by check, by means of a
“broker-assisted cashless exercise” conducted in accordance with procedures permitted by rules or regulations of the Federal Reserve Board or by such other method of payment authorized by the Board. The certificate or certificates for the
Shares as to which the Option shall be exercised shall be registered in the name of the Optionee and shall be legended as required under the Plan and/or applicable law. 
 (3) Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or
other laws or regulations. As a condition to the exercise of this Option, the Company may require the Optionee to make a representation and warranty to the Company or otherwise enter into any stock purchase or other agreement as may be required by
any applicable law or regulation or as may otherwise be reasonably requested by the Board. 
 E. Investment
Representations. Unless the Shares have been registered under the Securities Act of 1933, in connection with acquisition of this Option, the Optionee represents and warrants as follows: 

(1) The Optionee is acquiring this Option, and upon exercise of this Option, he will be acquiring the Shares for investment in his own
account, not as nominee or agent, and not with a view to, or for resale in connection with any distribution thereof. 
 (2) The
Optionee has a preexisting business or personal relationship with the Company or one of its directors, officers or controlling persons and by reason of his business or financial experience, has, and could be reasonably assumed to have, the capacity
to protect his interest in connection with the acquisition of this Option and the Shares. 
 F. Nontransferability of
Option. This Option may not be sold, pledged, assigned, hypothecated, gifted, transferred or disposed or in any manner either voluntarily or involuntarily by the operation of law, other than by the will or by the laws of descent or
distribution, and may be exercised during the lifetime of the Optionee only by such Optionee. Subject to the foregoing and the terms of the Plan, the terms of this Option shall be binding upon the executors, administrators, heirs, successors and
assigns of the Optionee. 
 G. Continuation of Service. Neither the Plan nor this Option shall confer upon any
Optionee any right to continue in the service of the Company or any of its subsidiaries or limit in any respect the right of the Company to discharge the Optionee at any time, with or without cause and with or without notice. 

H. Withholding. The Company may withhold from any consideration payable to Optionee any taxes required to be withheld by
federal, state or local law as a result of the grant or 

  
 -2-

 
exercise of this Option or the sale or other disposition of the Shares issued upon exercise of this Option. If the amount of any consideration payable to the Optionee is insufficient to pay such
taxes or if no consideration is payable to the Optionee, upon request of the Company, the Optionee (or such other person entitled to exercise the Option pursuant to Section 7 of the Plan) shall pay to the Company an amount sufficient for the
Company to satisfy any federal, state or local tax withholding requirements it may incur, as a result of the grant or exercise of this Option or the sale of or other disposition of the Shares issued upon exercise of this Option. 

I. The Plan. This Option is subject to, and the Optionee agrees to be bound by, all of the terms and conditions of the Plan
as such Plan may be amended from time to time in accordance with the terms thereof. Pursuant to the Plan, the Board is authorized to adopt rules and regulations not inconsistent with the Plan as it shall deem appropriate and proper. A copy of the
Plan in its present form is available for inspection during business hours by the Optionee or the persons entitled to exercise this Option at the Company’s principal office. All questions of the interpretation and application of the Plan and
the Option shall be determined by the Board, whose determination shall be final, binding and conclusive. 
 J. Entire
Agreement. This Agreement, together with the Plan and Employment Agreement, represents the entire agreement between the parties hereto relating to the subject matter hereof, and merges and supersedes all prior and contemporaneous
discussions, agreements and understandings of every nature. 
 K. Governing Law. This Agreement will be construed
in accordance with the laws of the Commonwealth of Pennsylvania, without regard to the application of the principles of conflicts of laws. 
 L. Amendment. Subject to the provisions of the Plan, this Agreement may only be amended by a writing signed by each of the parties hereto. 

M. Execution. This Agreement may be executed, including execution by facsimile signature, in one or more counterparts, each
of which will be deemed an original, and all of which together shall be deemed to be one and the same instrument. 

[Signature page follows.] 

  
 -3-

 IN WITNESS WHEREOF, this Agreement has been executed by the parties on
the 6th day of March, 2012. 

 

			
	DESTINATION MATERNITY CORPORATION
		
	By:	 	  

 

			
	
	Name: Judd P. Tirnauer
		
	Title: 	 	Executive Vice President & Chief Financial Officer
		
	Date:	 	March 6, 2012
	
	EDWARD M. KRELL

 
			
		
	Signature:	 	  

	
	Date: March 6, 2012

  
 -4-

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