Document:

Agreement for Third Amendment of Amended and Restated Credit Agreement

 Exhibit 10.36 
 AGREEMENT FOR THIRD AMENDMENT OF 
 AMENDED AND RESTATED CREDIT AGREEMENT 
 THIS AGREEMENT FOR THIRD AMENDMENT OFAMENDED AND RESTATED CREDIT AGREEMENT, dated as of the 27th day of April, 2009 (this “Amendment Agreement”), is entered into among
JACKSON HEWITT TAX SERVICE INC., a Delaware corporation (the “Parent”), JACKSON HEWITT INC., a Virginia corporation (“Jackson Hewitt”), TAX SERVICES OF AMERICA, INC., a Delaware corporation
(“Tax Services”), and HEWFANT INC., a Virginia corporation (“Hewfant” and collectively with the Parent, Jackson Hewitt and Tax Services, the “Borrowers” and each a
“Borrower”), the Lenders that are parties to the Credit Agreement referred to below and that are signatories to this Amendment Agreement (collectively, the “Required Lenders”), and WACHOVIA BANK, NATIONAL
ASSOCIATION, as Administrative Agent for the Lenders. 
 RECITALS 
 A. The Borrowers, the Lenders and Wachovia are parties to that certain Amended and Restated Credit Agreement, dated as of October 6, 2006, as
amended by the First Amendment to Amended and Restated Credit Agreement, dated as of October 31, 2007, and as amended by the Second Amendment to Amended and Restated Credit Agreement, dated as of the May 21, 2008 (as further amended,
restated and modified from time to time, the “Credit Agreement”). Capitalized terms used herein without definition shall have the meanings given to them in the Credit Agreement. 
 B. The Borrowers have requested certain amendments to the Credit Agreement and the Administrative Agent and the Required Lenders have agreed to make such
amendments on the terms and conditions set forth herein. 
 STATEMENT OF AGREEMENT 
 NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows: 
 ARTICLE I 
 THIRD AMENDMENT TO CREDIT AGREEMENT 
 (a) Effective on the Third Amendment
Effective Date (as defined below), the Credit Agreement, including the Exhibits and Schedules attached thereto, is hereby amended so that such Credit Agreement, Exhibits and Schedules, as so amended, shall read in its entirety as attached hereto as
Exhibit A (as so amended, the “Amended Credit Agreement”). The amendments contained therein shall not, in any manner, be construed to constitute payment of, or impair, limit, cancel or extinguish, or constitute a novation in
respect of, the Obligations of the Credit Parties evidenced by or arising under the Credit Agreement and the other Credit Documents, but shall continue in full force and effect in favor of the Administrative Agent and the Lenders. From and after the
Third Amendment Effective Date, the terms “Agreement”, “this Agreement”, “herein”, “hereinafter”, “hereto”, “hereof’ and words of similar import, as used in the Amended Credit Agreement,
shall, unless the context otherwise requires, refer to the Amended Credit Agreement. 

 (b) Each Borrower hereby acknowledges, confirms and agrees that, as of the date hereof, the Borrowers are
indebted to the Lenders in respect of Revolving Loans under the Credit Agreement in the aggregate principal amount of $264,000,000, together with all interest accrued and accruing thereon (to the extent applicable), and all fees, costs, expenses and
other charges relating thereto, all of which are unconditionally owing by the Borrowers to the Lenders, without offset, defense or counterclaim of any kind, nature or description whatsoever. On the Third Amendment Effective Date, $225,000,000 of the
Revolving Loans outstanding under the Credit Agreement on such date shall continue to be outstanding as Terms Loans under the Amended Credit Agreement, and the remainder of such Revolving Loans shall continue to be outstanding as Revolving Loans
under the Amended Credit Agreement, and the terms of the Amended Credit Agreement will govern the rights and obligations of the Credit Parties, the Lenders and the Administrative Agent with respect thereto; provided that the foregoing shall
not be construed to discharge or release any Credit Party from any obligations owed to the Lenders under the Credit Agreement, which shall remain owing under the Amended Credit Agreement. 
 ARTICLE II 
 CONDITIONS OF EFFECTIVENESS 
 This Amendment Agreement shall become effective as of the date (the “Third Amendment Effective Date”) when, and only when, each of the
following conditions precedent shall have been satisfied: 
 (a) The Administrative Agent shall have received an executed counterpart hereof
from each of the Borrowers and the Required Lenders. 
 (b) The Administrative Agent shall have received the following, each dated as of the
Third Amendment Effective Date (unless otherwise specified), and in such number of copies as the Administrative Agent shall have requested: 
 (i) to the extent requested by any Lender in accordance with Section 2.4(d) of the Amended Credit Agreement, a Note or Notes for such Lender; 
 (ii) an executed counterpart of the Consent, Reaffirmation, and Agreement of Guarantor from each Guarantor; 
 (iii) the Security Agreement, duly completed and executed by the Credit Parties, together with any certificates evidencing the Capital
Stock being pledged thereunder as of the Third Amendment Effective Date and undated assignments separate from certificate for any such certificate, duly executed in blank; and 
 (iv) Assignments and Grants of Security Interests for the federally registered Intellectual Property referred to in Annexes D, E and F of
the Security Agreement, in substantially the form of Exhibits B and C (as applicable) to the Security Agreement, in each case duly completed and executed by each applicable Credit Party. 
  

 2 

 (c) The Administrative Agent shall have received a certificate of the secretary or an assistant secretary
of each Credit Party executing any Credit Documents as of the Third Amendment Effective Date, dated the Third Amendment Effective Date and in form and substance reasonably satisfactory to the Administrative Agent, certifying (i) that attached
thereto is a true and complete copy of the articles or certificate of incorporation, certificate of formation or other organizational document and all amendments thereto of such Credit Party, certified as of a recent date by the Secretary of State
(or comparable Governmental Authority) of its jurisdiction of organization, and that the same has not been amended since the date of such certification, (ii) that attached thereto is a true and complete copy of the bylaws, operating agreement
or similar governing document of such Credit Party, as then in effect and as in effect at all times from the date on which the resolutions referred to in clause (iii) below were adopted to and including the date of such certificate, and
(iii) that attached thereto is a true and complete copy of resolutions adopted by the board of directors (or similar governing body) of such Credit Party, authorizing the execution, delivery and performance of this Agreement and the other
Credit Documents to which it is a party, and as to the incumbency and genuineness of the signature of each officer of such Credit Party executing this Agreement or any of such other Credit Documents, and attaching all such copies of the documents
described above. 
 (d) The favorable opinions of (A) Skadden , Arps, Slate, Meagher & Flom LLP, special counsel to the Credit
Parties, and (B) local counsel to the Credit Parties in such jurisdictions as may be reasonably requested by the Administrative Agent, all in form and substance reasonably satisfactory to the Administrative Agent. 
 (e) The Administrative Agent shall have received certified reports from an independent search service satisfactory to it listing any tax lien filing or
Uniform Commercial Code financing statement that names any Credit Party as debtor in the state of incorporation or formation of such Credit Party, and the results thereof shall be reasonably satisfactory to the Administrative Agent. 
 (f) The Administrative Agent shall have received evidence in form and substance satisfactory to it that all filings, recordings, registrations and other
actions (including, without limitation, the filing of duly completed UCC-1 financing statements in each jurisdiction listed on Annex A to the Security Agreement) necessary to perfect the Liens created by the Security Documents shall have been
completed, or arrangements satisfactory to the Administrative Agent for the completion thereof shall have been made. 
 (g) The Borrowers
shall have paid to the Administrative Agent, for the benefit of each Lender who approves this Amendment a nonrefundable amendment fee in the amount of 0.50% of the sum of each such approving Lender’s final allocated Term Loan and Revolving
Credit Commitment, which fee shall be deemed fully earned as of the Third Amendment Effective Date. 
 (h) The Borrowers shall have paid to
the Arranger and Wachovia the other fees required under the engagement letter from the Arranger and Wachovia to the Borrowers, dated as of April 14, 2009. 
  

 3 

 (i) The Borrowers shall have paid all reasonable out-of-pocket costs and expenses of the Administrative
Agent in connection with the preparation, negotiation, execution and delivery of this Amendment Agreement (including, without limitation, the reasonable and documented fees and out-of-pocket expenses of counsel for the Administrative Agent with
respect thereto). 
 ARTICLE III 
 CONFIRMATION OF REPRESENTATIONS AND WARRANTIES 
 The Borrowers hereby represent and warrant, on the date hereof and as of
the Third Amendment Effective Date, that (i) the representations and warranties contained in the Credit Agreement and the other Credit Documents are true and correct in all material respects on and as of such date, both immediately before and
after giving effect to this Amendment Agreement (except to the extent any such representation or warranty is expressly stated to have been made as of a specific date, in which case such representation or warranty shall be true and correct in all
material respects as of such date), (ii) this Amendment Agreement has been duly authorized, executed and delivered by the Borrowers and constitutes the legal, valid and binding obligation of the Borrowers enforceable against it in accordance
with its terms and (iii) no Default or Event of Default shall have occurred and be continuing on the Third Amendment Effective Date, both immediately before and after giving effect to this Amendment Agreement. 
 ARTICLE IV 
 ACKNOWLEDGEMENT AND
CONFIRMATION OF THE BORROWERS 
 The Borrowers hereby confirm and agree that, after giving effect to this Amendment Agreement, the Credit
Agreement and the other Credit Documents remain in full force and effect and enforceable against the Borrowers in accordance with their respective terms and shall not be discharged, diminished, limited or otherwise affected in any respect,
and represents and warrants to the Lenders that it has no knowledge of any claims, counterclaims, offsets, or defenses to or with respect to its obligations under the Credit Documents, or if the Borrowers have any such claims, counterclaims,
offsets, or defenses to the Credit Documents or any transaction related to the Credit Documents, the same are hereby waived, relinquished, and released in consideration of the execution of this Amendment Agreement. This acknowledgement and
confirmation by the Borrowers is made and delivered to induce the Administrative Agent and the Lenders to enter into this Amendment Agreement, and the Borrowers acknowledge that the Administrative Agent and the Lenders would not enter into this
Amendment Agreement in the absence of the acknowledgement and confirmation contained herein. 
 ARTICLE V 
 MISCELLANEOUS 
 5.1 Governing
Law. This Amendment Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but excluding all other choice of
law and conflicts of law rules). 
  

 4 

 5.2 Full Force and Effect. Except as expressly amended hereby, the Credit Agreement shall continue
in full force and effect in accordance with the provisions thereof on the date hereof. As used in the Credit Agreement, “hereinafter,” “hereto,” “hereof,” and words of similar import shall, unless the context otherwise
requires, mean the Credit Agreement after amendment by this Amendment Agreement. Any reference to the Credit Agreement or any of the other Credit Documents herein or in any such documents shall refer to the Credit Agreement and Credit Documents as
amended hereby. This Amendment Agreement is limited as specified and shall not constitute or be deemed to constitute an amendment, modification or waiver of any provision of the Credit Agreement except as expressly set forth herein. This Amendment
Agreement shall constitute a Credit Document under the terms of the Credit Agreement. 
 5.3 Expenses. The Borrowers agree on demand
(i) to pay all reasonable fees and expenses of counsel to the Administrative Agent, and (ii) to reimburse the Administrative Agent for all reasonable out-of-pocket costs and expenses, in each case, in connection with the preparation,
negotiation, execution and delivery of this Amendment Agreement and the other Credit Documents delivered in connection herewith. 
 5.4
Severability. To the extent any provision of this Amendment Agreement is prohibited by or invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only
in any such jurisdiction, without prohibiting or invalidating such provision in any other jurisdiction or the remaining provisions of this Amendment Agreement in any jurisdiction. 
 5.5 Successors and Assigns. This Amendment Agreement shall be binding upon, inure to the benefit of and be enforceable by the respective
successors and permitted assigns of the parties hereto. 
 5.6 Construction. The headings of the various sections and subsections of
this Amendment Agreement have been inserted for convenience only and shall not in any way affect the meaning or construction of any of the provisions hereof. 
 5.7 Counterparts. This Amendment Agreement may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be an
original, but all of which shall together constitute one and the same instrument. 
 [THE BALANCE OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

  

 5 

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

			
	 JACKSON HEWITT TAX SERVICE INC.
 JACKSON HEWITT INC.
 TAX SERVICES OF AMERICA, INC.
 HEWFANT INC.

		
	By:	 	/s/ Daniel P. O’Brien
	Name:	 	Daniel P. O’Brien
	Title:	 	CFO

 (signatures continued) 
 AGREEMENT FOR THIRD AMENDMENT OF 
 AMENDED AND RESTATED CREDIT AGREEMENT 

			
	WACHOVIA BANK, NATIONAL ASSOCIATION, as Administrative Agent, Issuing Lender and as a Lender
		
	By:	 	/s/ James J. Petronchak
	Name:	 	James J. Petronchak
	Title:	 	SVP

 AGREEMENT FOR THIRD AMENDMENT OF 
 AMENDED AND RESTATED CREDIT AGREEMENT 

			
	BANK OF AMERICA, N.A., as Syndication Agent, and as a Lender
		
	By:	 	/s/ Jason Cassity
	Name:	 	Jason Cassity
	Title:	 	Vice President

 AGREEMENT FOR THIRD AMENDMENT OF 
 AMENDED AND RESTATED CREDIT AGREEMENT 

			
	CITIBANK, N.A., as Syndication Agent, and as a Lender
		
	By:	 	/s/ Charles J. Margiotti III
	Name:	 	Charles J. Margiotti III
	Title:	 	Vice President

 AGREEMENT FOR THIRD AMENDMENT OF 
 AMENDED AND RESTATED CREDIT AGREEMENT 

			
	PNC BANK, NATIONAL ASSOCIATION, as Documentation Agent, and as a Lender
		
	By:	 	/s/ Lori S. Franzon
	Name:	 	Lori S. Franzon
	Title:	 	Vice President

 AGREEMENT FOR THIRD AMENDMENT OF 
 AMENDED AND RESTATED CREDIT AGREEMENT 

			
	JPMORGAN CHASE BANK, N.A., as Documentation Agent, and as a Lender
		
	By:	 	/s/ Kenneth Coons
	Name:	 	Kenneth Coons
	Title:	 	AVP / Underwriter

 AGREEMENT FOR THIRD AMENDMENT OF 
 AMENDED AND RESTATED CREDIT AGREEMENT 

			
	HSBC BANK USA, NATIONAL ASSOCIATION, as a Lender
		
	By:	 	/s/ Randolph Cates
	Name:	 	Randolph Cates
	Title:	 	VP, Senior Relationship Manager

 AGREEMENT FOR THIRD AMENDMENT OF 
 AMENDED AND RESTATED CREDIT AGREEMENT 

			
	FIFTH THIRD BANK, as a Lender
		
	By:	 	/s/ George B. Davis
	Name:	 	George B. Davis
	Title:	 	Vice President

 AGREEMENT FOR THIRD AMENDMENT OF 
 AMENDED AND RESTATED CREDIT AGREEMENT 

			
	UNION BANK, N.A. (formerly Union Bank of California, N.A.), as a Lender
		
	By:	 	/s/ Christina J. Buck
	Name:	 	Christina J. Buck
	Title:	 	Vice President

 AGREEMENT FOR THIRD AMENDMENT OF 
 AMENDED AND RESTATED CREDIT AGREEMENT 

			
	CAPITAL ONE, N.A. (formerly North Fork Bank), as a Lender
		
	By:	 	/s/ Stephen DiGiovanna
	Name:	 	Stephen DiGiovanna
	Title:	 	Senior Vice President

 AGREEMENT FOR THIRD AMENDMENT OF 
 AMENDED AND RESTATED CREDIT AGREEMENT 

			
	THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND, as a Lender
		
	By:	 	/s/ Wendy Hobson
	Name:	 	Wendy Hobson
	Title:	 	Manager
		
	By:	 	/s/ Elaine Crowley
	Name:	 	Elaine Crowley
	Title:	 	Senior Manager

 AGREEMENT FOR THIRD AMENDMENT OF 
 AMENDED AND RESTATED CREDIT AGREEMENT 

			
	TD BANK, N.A. (formerly Commerce Bank), as a Lender
		
	By:	 	/s/ Craig Pasko
	Name:	 	Craig Pasko
	Title:	 	Vice President

 AGREEMENT FOR THIRD AMENDMENT OF 
 AMENDED AND RESTATED CREDIT AGREEMENT 

			
	RBS CITIZENS N.A., as a Lender
		
	By:	 	/s/ Martin Efron
	Name:	 	Martin Efron
	Title:	 	Senior Vice President

 AGREEMENT FOR THIRD AMENDMENT OF 
 AMENDED AND RESTATED CREDIT AGREEMENT 

 Exhibit A to 
 Agreement for Third Amendment to 
 Amended and Restated Credit Agreement 
 (see attached Amended Credit Agreement) 

 CUSIP Number: Deal # 46820EAA8 
  
  
  
 AMENDED AND RESTATED CREDIT AGREEMENT 

among 
 JACKSON HEWITT TAX SERVICE INC.,

 JACKSON HEWITT INC., 
 TAX
SERVICES OF AMERICA, INC. and 
 HEWFANT INC. 
 as Borrowers, 
 THE LENDERS NAMED HEREIN, 
 WACHOVIA BANK, NATIONAL ASSOCIATION, 
 as Administrative Agent, 
 BANK OF AMERICA, N.A. 
 and 
 CITIBANK, N.A., 
 as co-Syndication Agents,

 and 
 JPMORGAN CHASE BANK, N.A.

 and 
 PNC BANK, NATIONAL
ASSOCIATION 
 as co-Documentation Agents 
 $400,000,000 Senior Credit Facilities 
 WACHOVIA CAPITAL MARKETS, LLC 
 Sole Lead Arranger and Sole Book Runner 
 Dated as of October 6, 2006 

(as amended through April 27, 2009) 
  
  
  

 TABLE OF CONTENTS 
  

					
	  	  	 	  	Page
		  	 ARTICLE I
  
 DEFINITIONS
	  	
			
	 1.1
	  	 Defined Terms
	  	2
	 1.2
	  	 Accounting Terms
	  	26
	 1.3
	  	 Other Terms; Construction
	  	26
			
		  	 ARTICLE II
  
 AMOUNT AND TERMS OF THE LOANS
	  	
			
	 2.1
	  	 Loans; Commitments
	  	27
	 2.2
	  	 Borrowings
	  	28
	 2.3
	  	 Disbursements; Funding Reliance; Domicile of Loans
	  	31
	 2.4
	  	 Evidence of Debt; Notes
	  	32
	 2.5
	  	 Termination and Reduction of Revolving Credit Commitments and Swingline Commitment
	  	33
	 2.6
	  	 Mandatory Payments and Prepayments
	  	34
	 2.7
	  	 Voluntary Prepayments
	  	35
	 2.8
	  	 Interest
	  	36
	 2.9
	  	 Fees
	  	38
	 2.10
	  	 Interest Periods
	  	39
	 2.11
	  	 Conversions and Continuations
	  	40
	 2.12
	  	 Method of Payments; Computations; Apportionment of Payments
	  	41
	 2.13
	  	 Recovery of Payments
	  	43
	 2.14
	  	 Use of Proceeds
	  	43
	 2.15
	  	 Pro Rata Treatment
	  	44
	 2.16    
	  	 Increased Costs; Change in Circumstances; Illegality
	  	45
	 2.17
	  	 Taxes
	  	47
	 2.18
	  	 Compensation
	  	49
	 2.19
	  	 Replacement of Lenders; Mitigation of Costs
	  	49
			
		  	 ARTICLE III
  
 LETTERS OF CREDIT
	  	
			
	 3.1
	  	 Issuance
	  	50
	 3.2
	  	 Notices
	  	52
	 3.3
	  	 Participations
	  	52
	 3.4
	  	 Reimbursement
	  	53
	 3.5
	  	 Payment by Revolving Loans
	  	53
	 3.6
	  	 Payment to Revolving Credit Lenders
	  	54

  

 i 

					
	 3.7
	  	 Obligations Absolute
	  	54
	 3.8
	  	 Cash Collateral Account
	  	56
	 3.9
	  	 The Issuing Lender
	  	56
	 3.10
	  	 Effectiveness
	  	57
			
		  	 ARTICLE IV
  
 CONDITIONS OF BORROWING
	  	
			
	 4.1
	  	 [Reserved]
	  	57
	 4.2
	  	 Conditions of All Borrowings
	  	57
			
		  	 ARTICLE V
  
 REPRESENTATIONS AND WARRANTIES
	  	
			
	 5.1
	  	 Corporate Organization and Power
	  	58
	 5.2
	  	 Authorization; Enforceability
	  	58
	 5.3
	  	 No Violation
	  	58
	 5.4
	  	 Governmental and Third-Party Authorization; Permits
	  	59
	 5.5
	  	 Litigation
	  	59
	 5.6
	  	 Taxes
	  	59
	 5.7
	  	 Subsidiaries
	  	59
	 5.8
	  	 Full Disclosure
	  	60
	 5.9
	  	 Margin Regulations
	  	60
	 5.10
	  	 No Material Adverse Effect
	  	60
	 5.11
	  	 Financial Matters
	  	60
	 5.12    
	  	 Ownership of Properties
	  	61
	 5.13
	  	 ERISA
	  	61
	 5.14
	  	 Environmental Matters
	  	62
	 5.15
	  	 Compliance with Laws
	  	63
	 5.16
	  	 Intellectual Property
	  	63
	 5.17
	  	 Regulated Industries
	  	63
	 5.18
	  	 Insurance
	  	63
	 5.19
	  	 Material Contracts
	  	63
	 5.20
	  	 Security Documents
	  	64
	 5.21
	  	 No Burdensome Restrictions
	  	64
	 5.22
	  	 OFAC; Anti-Terrorism Laws
	  	64
			
		  	 ARTICLE VI
  
 AFFIRMATIVE COVENANTS
	  	
			
	 6.1
	  	 Financial Statements
	  	65
	 6.2
	  	 Other Business and Financial Information
	  	66
	 6.3
	  	 Existence; Franchises; Maintenance of Properties
	  	67
	 6.4
	  	 Compliance with Laws
	  	68
	 6.5
	  	 Payment of Obligations
	  	68

  

 ii 

					
	 6.6
	  	 Insurance
	  	68
	 6.7
	  	 Maintenance of Books and Records; Inspection
	  	68
	 6.8
	  	 Material Subsidiaries
	  	69
	 6.9
	  	 Additional Security
	  	70
	 6.10
	  	 Environmental Laws
	  	70
	 6.11
	  	 OFAC, PATRIOT Act Compliance
	  	71
	 6.12
	  	 Further Assurances
	  	71
	 6.13
	  	 Landlord Waivers
	  	71
			
		  	 ARTICLE VII
  
 FINANCIAL COVENANTS
	  	
			
	 7.1
	  	 Leverage Ratio
	  	71
	 7.2
	  	 Interest Coverage Ratio
	  	72
			
		  	 ARTICLE VIII
  
 NEGATIVE COVENANTS
	  	
			
	 8.1
	  	 Fundamental Changes
	  	72
	 8.2
	  	 Indebtedness
	  	73
	 8.3
	  	 Liens
	  	74
	 8.4
	  	 Investments
	  	76
	 8.5
	  	 Restricted Payments
	  	78
	 8.6
	  	 Transactions with Affiliates
	  	78
	 8.7
	  	 Transactions with Franchisees
	  	79
	 8.8
	  	 Lines of Business
	  	79
	 8.9
	  	 Sale-Leaseback Transactions
	  	79
	 8.10
	  	 Certain Amendments
	  	79
	 8.11    
	  	 Restrictive Agreements
	  	79
	 8.12
	  	 Fiscal Year
	  	80
	 8.13
	  	 Accounting Changes
	  	80
			
		  	 ARTICLE IX
  
 EVENTS OF DEFAULT
	  	
			
	 9.1
	  	 Events of Default
	  	80
	 9.2
	  	 Remedies: Termination of Commitments, Acceleration, etc.
	  	82
	 9.3
	  	 Remedies: Set-Off
	  	83
			
		  	 ARTICLE X
  
 THE ADMINISTRATIVE AGENT
	  	
			
	 10.1
	  	 Appointment and Authority
	  	84
	 10.2
	  	 Rights as a Lender
	  	84

  

 iii 

					
	 10.3
	  	 Exculpatory Provisions
	  	84
	 10.4
	  	 Reliance by Administrative Agent
	  	85
	 10.5
	  	 Delegation of Duties
	  	85
	 10.6
	  	 Resignation of Administrative Agent
	  	86
	 10.7
	  	 Non-Reliance on Administrative Agent and Other Lenders
	  	86
	 10.8
	  	 No Other Duties, Etc
	  	87
	 10.9
	  	 Collateral and Guaranty Matters
	  	87
	 10.10
	  	 Issuing Lender and Swingline Lender
	  	87
			
		  	 ARTICLE XI
  
 MISCELLANEOUS
	  	
			
	 11.1
	  	 Expenses; Indemnity; Damage Waiver
	  	88
	 11.2
	  	 Governing Law; Submission to Jurisdiction; Waiver of Venue; Service of Process
	  	89
	 11.3
	  	 Waiver of Jury Trial
	  	90
	 11.4
	  	 Notices; Effectiveness; Electronic Communication
	  	91
	 11.5
	  	 Amendments, Waivers, etc.
	  	92
	 11.6
	  	 Successors and Assigns
	  	93
	 11.7
	  	 No Waiver
	  	96
	 11.8
	  	 Survival
	  	97
	 11.9
	  	 Severability
	  	97
	 11.10
	  	 Construction
	  	97
	 11.11
	  	 Confidentiality
	  	97
	 11.12    
	  	 Joint and Several Liability
	  	98
	 11.13
	  	 Appointment of Administrative Borrower
	  	99
	 11.14
	  	 Counterparts; Integration; Effectiveness
	  	99
	 11.15
	  	 Disclosure of Information
	  	100
	 11.16
	  	 USA Patriot Act Notice
	  	100

  

 iv 

 EXHIBITS 
  

			
	Exhibit A-1	  	Form of Revolving Note
	Exhibit A-2	  	Form of Swingline Note
	Exhibit A-3	  	Form of Term Note
	Exhibit B-1	  	Form of Notice of Borrowing
	Exhibit B-2	  	Form of Notice of Swingline Borrowing
	Exhibit B-3	  	Form of Notice of Conversion/Continuation
	Exhibit B-4	  	Form of Letter of Credit Notice
	Exhibit C	  	Form of Compliance Certificate
	Exhibit D	  	Form of Assignment and Assumption
	Exhibit E	  	Form of Guaranty
	Exhibit F	  	Form of Security Agreement

 SCHEDULES 
  

			
	Schedule 1.1(a)	  	Commitments and Notice Addresses
	Schedule 1.1(b)	  	Existing Letters of Credit
	Schedule 5.4	  	Consents and Approvals
	Schedule 5.7	  	Subsidiaries
	Schedule 5.19	  	Material Contracts
	Schedule 8.2	  	Indebtedness
	Schedule 8.3	  	Liens
	Schedule 8.4	  	Investments
	Schedule 8.6	  	Transactions with Affiliates
	Schedule 8.11	  	Restrictive Agreements

  

 v 

 AMENDED AND RESTATED CREDIT AGREEMENT 
 THIS AMENDED AND RESTATED CREDIT AGREEMENT, dated as of the 6th day of October, 2006, is made among JACKSON HEWITT TAX SERVICE INC., a
Delaware corporation (the “Parent”), JACKSON HEWITT INC., a Virginia corporation (“Jackson Hewitt”), TAX SERVICES OF AMERICA, INC., a Delaware corporation (“Tax Services”), and
HEWFANT INC., a Virginia corporation (“Hewfant” and collectively with the Parent, Jackson Hewitt and Tax Services, the “Borrowers” and each a “Borrower”), the Lenders (as hereinafter
defined), WACHOVIA BANK, NATIONAL ASSOCIATION, as Administrative Agent for the Lenders, BANK OF AMERICA, N.A. and CITIBANK, N.A., as Co-Syndication Agents for the Lenders, and JPMORGAN CHASE BANK,
N.A. and PNC BANK, NATIONAL ASSOCIATION, as Co-Documentation Agents for the Lenders.  
 BACKGROUND
STATEMENT 
 The Borrowers entered into a Credit Agreement, dated as of June 29, 2005 (as amended, the “Initial Credit
Agreement”) among the Borrowers, the banks and other financial institutions party thereto, and Wachovia, as administrative agent. The Borrowers amended and restated the Initial Credit Agreement, by entering into the Amended and Restated
Credit Agreement, dated as of October 6, 2006 (as amended by the First Amendment to Credit Agreement dated as of October 31, 2007 and the Second Amendment to Credit Agreement dated as of May 21, 2008, the “Existing Credit
Agreement”), among the Borrowers, the banks and other financial institutions party thereto, and Wachovia, as administrative agent, to provide a revolving credit facility in the aggregate principal amount of $450,000,000. Pursuant to the
Amendment Agreement, as of the Third Amendment Effective Date, the Existing Credit Agreement is amended to read in its entirety as set forth herein (as amended by the Amendment Agreement and further amended, restated or modified from time to time,
the “Amended Credit Agreement”), providing for a term loan facility in the aggregate principal amount of $225,000,000 and a revolving credit facility in the aggregate principal amount of $175,000,000. 
 The Lenders are willing to amend the Existing Credit Agreement on the terms and conditions set forth in this Agreement and the Amendment Agreement. It is
the intent of the parties hereto that the Amended Credit Agreement not constitute a novation of the obligations and liabilities existing under the Existing Credit Agreement or evidence repayment of any of such obligations and liabilities.

 AGREEMENT 
 NOW, THEREFORE, in consideration of the mutual provisions, covenants and agreements herein contained, the parties hereto hereby agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 1.1 Defined Terms. For purposes of this Agreement, in addition to the terms defined elsewhere herein, the following terms have the meanings set
forth below (such meanings to be equally applicable to the singular and plural forms thereof): 
 “Account Designation
Letter” means a letter from the Borrowers to the Administrative Agent, duly completed and signed by an Authorized Officer of each of the Borrowers and in form and substance reasonably satisfactory to the Administrative Agent, listing any
one or more accounts to which the Borrowers may from time to time request the Administrative Agent to forward the proceeds of any Loans made hereunder. 
 “Acquisition” means any transaction or series of related transactions, consummated on or after the date hereof, by which the Borrowers directly, or indirectly through one or more Subsidiaries,
(i) acquire any going business, division thereof or line of business, or all or substantially all of the assets, of any Person, whether through purchase of assets, merger or otherwise, or (ii) acquire securities or other ownership
interests of any Person having at least a majority of combined voting power of the then outstanding securities or other ownership interests of such Person. 
 “Acquisition Amount” means, with respect to any Acquisition, the sum (without duplication) of (i) the amount of cash paid as purchase price by the Borrowers and their Subsidiaries in connection
with such Acquisition, (ii) the value of all Capital Stock of the Parent issued or given as purchase price in connection with such Acquisition (as determined by the parties thereto under the definitive acquisition agreement), (iii) the
amount (determined by using the face amount or the amount payable at maturity, whichever is greater) of all Indebtedness incurred, assumed or acquired by the Borrowers and their Subsidiaries in connection with such Acquisition, (iv) the maximum
amount of any Contingent Purchase Price Obligations reasonably likely to be payable in connection with such Acquisition, as determined in good faith by the Borrowers, (v) all amounts paid in respect of noncompetition agreements, consulting
agreements and similar arrangements entered into in connection with such Acquisition, and (vi) the aggregate fair market value of all other real, mixed or personal property paid as purchase price by the Borrowers and their Subsidiaries in
connection with such Acquisition. 
 “Adjusted Base Rate” means, at any time with respect to any Base Rate Loan of any
Class, a rate per annum equal to the Base Rate as in effect at such time plus the Applicable Percentage for Base Rate Loans of such Class as in effect at such time. 
  

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 “Adjusted LIBOR Rate” means, at any time with respect to any LIBOR Loan of any Class, a
rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Percentage for LIBOR Loans of such Class as in effect at such time. 
 “Administrative Agent” means Wachovia, in its capacity as Administrative Agent appointed under Section 10.1, and its successors and permitted assigns in such capacity. 
 “Administrative Borrower” shall have the meaning set forth in Section 11.13. 
 “Administrative Questionnaire” means, with respect to each Lender, the administrative questionnaire in the form submitted to such Lender
by the Administrative Agent and returned to the Administrative Agent duly completed by such Lender. 
 “Affiliate” means,
with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. Notwithstanding the foregoing, neither the
Administrative Agent nor any Lender shall be deemed an “Affiliate” of any Credit Party. For purposes hereof, an Affiliate does not include any Franchisee acting in such capacity. 
 “Aggregate Revolving Credit Exposure” means, at any time, the sum of (i) the aggregate principal amount of Revolving Loans
outstanding at such time, (ii) the aggregate Letter of Credit Exposure of all Revolving Credit Lenders at such time and (iii) the aggregate principal amount of Swingline Loans outstanding at such time. 
 “Agreement” means this Amended and Restated Credit Agreement, as amended, modified, restated or supplemented from time to time in
accordance with its terms. 
 “Amendment Agreement” means the Amendment Agreement, dated as of the Third Amendment Effective
Date, among the Borrowers, the Guarantors, the banks and other financial institutions party thereto, and Wachovia, as administrative agent. 
 “Applicable Percentage” means, at any time from and after the Third Amendment Effective Date, the applicable percentage (i) to be added to the Base Rate for purposes of determining the Adjusted Base Rate, (ii) to
be added to the LIBOR Rate for purposes of determining the Adjusted LIBOR Rate and (iii) to be used in calculating the commitment fee payable pursuant to Section 2.9(b), in each case as determined under the following matrix with
reference to the Leverage Ratio: 
  

												
	 Level
	  	 Total
 Leverage Ratio
	  	Applicable
LIBOR Margin	 	 	Applicable Base
Rate Margin	 	 	Applicable
Commitment Fee
Percentage	 
	 I
	  	 Greater than 3.0 to 1.0
	  	4.50	% 	 	3.50	% 	 	0.875	% 
	 II
	  	 Less than or equal to 3.0 to 1.0 but greater than 2.5 to 1.0
	  	4.00	% 	 	3.00	% 	 	0.75	% 
	 III
	  	 Less than or equal to 2.5 to 1.0 but greater than 2.0 to 1.0
	  	3.50	% 	 	2.50	% 	 	0.625	% 
	 IV
	  	 Less than or equal to 2.0 to 1.0
	  	3.00	% 	 	2.00	% 	 	0.50	% 

  

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 On each Adjustment Date (as hereinafter defined), the Applicable Percentage for all Loans and the
commitment fee payable pursuant to Section 2.9(b) shall be adjusted effective as of such Adjustment Date (based upon the calculation of the Leverage Ratio as of the last day of the Reference Period to which such Adjustment Date relates)
in accordance with the above matrix; provided, however, that, notwithstanding the foregoing or anything else herein to the contrary, (i) if at any time the Borrowers shall have failed to deliver any of the financial statements as
required by Sections 6.1(a) or 6.1(b), as the case may be, or the Compliance Certificate as required by Section 6.2(a), then at all times from and including the date on which such statements and Compliance Certificate
are required to have been delivered until the date on which the same shall have been delivered, each Applicable Percentage shall be determined based on Level I above (notwithstanding the actual Leverage Ratio), and (ii) the determination of the
Applicable Percentage shall be subject to Section 2.8(f). For purposes of this definition, “Adjustment Date” means, with respect to any Reference Period of the Borrowers, the day (or, if such day is not a Business Day, the
next succeeding Business Day) ten days following the day of delivery by the Borrower in accordance with Section 6.1(a) or Section 6.1(b), as the case may be, of (i) financial statements as of the end of and for such
Reference Period and (ii) a duly completed Compliance Certificate with respect to such Reference Period. From the Third Amendment Effective Date until the first Adjustment Date requiring a change in any Applicable Percentage as provided herein,
each Applicable Percentage shall be based on Level I above. 
 “Approved Fund” means any Fund that is administered or
managed by (i) a Lender, (ii) an Affiliate of a Lender, or (iii) a Person (or an Affiliate of a Person) that administers or manages a Lender. 
 “Arranger” means Wachovia Capital Markets, LLC and its successors. 
 “Asset
Disposition” means any sale, assignment, lease, conveyance, transfer or other disposition by the Parent or any of its Subsidiaries (whether in one or a series of transactions) of all or any of its assets, business or other properties
(including Capital Stock of Subsidiaries), other than pursuant to a Casualty Event. 
 “Assignment and Assumption” means an
Assignment and Assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 11.6(b)), and accepted by the Administrative Agent, in substantially the form of
Exhibit D or any other form approved by the Administrative Agent. 
 “Authorized Officer” means, with respect to
any action specified herein to be taken by or on behalf of a Credit Party, any officer of such Credit Party duly authorized by resolution of its board of directors or other governing body to take such action on its behalf, and whose signature and
incumbency shall have been certified to the Administrative Agent by the secretary or an assistant secretary of such Credit Party. 
 “Average Consolidated Funded Debt” means, as of any date of determination, the average of the quarter ending Consolidated Funded Debt (minus (x) up to $25,000,000 of Consolidated Funded Debt as of such date incurred
pursuant to Franchisee Financings and (y) any Consolidated Funded Debt representing Franchisee Advance Payments) for the four previous fiscal quarters. 
  

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 “Bankruptcy Code” means 11 U.S.C. §§ 101 et seq., as
amended from time to time, and any successor statute, and all regulations from time to time promulgated thereunder. 
 “Bankruptcy
Event” means the occurrence of an Event of Default pursuant to Section 9.1(f) or Section 9.1(g). 
 “Base Rate” means the higher of (i) the per annum interest rate publicly announced from time to time by Wachovia in Charlotte, North Carolina, to be its prime rate (which may not necessarily be its lowest or best
lending rate), as adjusted to conform to changes as of the opening of business on the date of any such change in such prime rate, (ii) the Federal Funds Rate plus 0.5% per annum, as adjusted to conform to changes as of the opening of
business on the date of any such change in the Federal Funds Rate and (iii) the LIBOR Rate for an Interest Period of 1 month plus 1.00%, as adjusted to conform to changes as of the opening of business on the date of any such change of such
LIBOR Rate. 
 “Base Rate Loan” means, at any time, any Loan that bears interest at such time at the applicable Adjusted
Base Rate. 
 “Borrower” and “Borrowers” have the meaning given to such terms in the introductory paragraph
hereof. 
 “Borrowing” means the incurrence by the Borrowers (including (i) as a result of conversions and
continuations of outstanding Loans pursuant to Section 2.11 and (ii) the conversion of Existing Revolving Loans to Term Loans on the Third Amendment Effective Date pursuant to Section 2.1(a)) on a single date of a group of
Loans of a single Type (or a Swingline Loan made by the Swingline Lender) and, in the case of LIBOR Loans, as to which a single Interest Period is in effect. 
 “Borrowing Date” means, with respect to any Borrowing, the date upon which such Borrowing is made. 
 “Business Day” means (i) any day other than a Saturday or Sunday, a legal holiday or a day on which commercial banks in Charlotte, North Carolina or New York, New York are authorized or required by law to be closed and
(ii) in respect of any determination relevant to a LIBOR Loan, any such day that is also a day on which trading in Dollar deposits is conducted by banks in London, England in the London interbank Eurodollar market. 
 “Capital Expenditures” means, for any period, the aggregate amount (whether paid in cash or accrued as a liability) that would, in
accordance with GAAP, be included on the consolidated statement of cash flows of the Parent and its Subsidiaries for such period as additions to equipment, fixed assets, real property or improvements or other capital assets (including, without
limitation, Capital Lease Obligations); provided, however, that Capital Expenditures shall not include any such expenditures (i) for replacements, repairs or acquisitions of capital assets, to the extent made with proceeds from
Asset Dispositions permitted under Sections 8.1(v), or (ii) included within the total consideration paid with respect to any Permitted Acquisition. 
  

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 “Capital Lease” means, with respect to any Person, any lease of property (whether real,
personal or mixed) by such Person as lessee that is or is required to be, in accordance with GAAP, recorded as a capital lease on such Person’s balance sheet. 
 “Capital Lease Obligations” means, with respect to any Person, the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or
personal property, or a combination thereof, which obligations are required to be classified and accounted for as Capital Leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof
determined in accordance with GAAP. 
 “Capital Stock” means (i) with respect to any Person that is a corporation, any
and all shares, interests or equivalents in capital stock (whether voting or nonvoting, and whether common or preferred) of such corporation, and (ii) with respect to any Person that is not a corporation, any and all partnership, membership,
limited liability company or other equity interests of such Person; and in each case, any and all warrants, rights or options to purchase any of the foregoing. 
 “Cash Collateral Account” has the meaning given to such term in Section 3.8. 
 “Cash Equivalents” means (i) securities issued or unconditionally guaranteed or insured by the United States of America or any agency or instrumentality thereof, backed by the full faith and credit of the United States
of America and maturing within one year from the date of acquisition, (ii) commercial paper issued by any Person organized under the laws of the United States of America, maturing within 270 days from the date of acquisition and, at the time of
acquisition, having a rating of at least A-1 or the equivalent thereof by Standard & Poor’s Ratings Services or at least P-1 or the equivalent thereof by Moody’s Investors Service, Inc., (iii) time deposits and certificates
of deposit maturing within 180 days from the date of issuance and issued by a bank or trust company organized under the laws of the United States of America or any state thereof (y) that, at the time of acquisition, has combined capital and
surplus of at least $500,000,000 or (z) that, at the time of acquisition, has (or is a subsidiary of a bank holding company that has) a long-term unsecured debt rating of at least A or the equivalent thereof by Standard & Poor’s
Ratings Services or at least A2 or the equivalent thereof by Moody’s Investors Service, Inc., (iv) repurchase obligations with a term not exceeding thirty (30) days with respect to underlying securities of the types described in
clause (i) above entered into with any bank or trust company meeting the qualifications specified in clause (iii) above at the time of acquisition, and (v) money market funds that comply with the criteria set forth in Securities and
Exchange Commission Rule 2a-7 under the Investment Company Act of 1940, as amended. 
 “Casualty Event” means, with respect
to any property (including any interest in property) of any Credit Party, any loss of, damage to, or condemnation or other taking of, such property for which such Credit Party receives insurance proceeds, proceeds of a condemnation award or other
compensation. 
  

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 “Change in Law” means the occurrence, after the date of this Agreement, of any of the
following: (i) the adoption or taking effect of any law, rule, regulation or treaty, (ii) any change in any law, rule, regulation or treaty or in the administration, interpretation or application thereof by any Governmental Authority or
(iii) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority. 
 “Class” has the meaning given such term in Section 2.2(a) 
 “Closing Date” means October 6,
2006. 
 “Code” means the Internal Revenue Code of 1986, as amended from time to time, and any successor statute, and all
rules and regulations from time to time promulgated thereunder. 
 “Collateral” means all the assets, property and interests
in property that shall from time to time be pledged or be purported to be pledged as direct or indirect security for the Obligations pursuant to any one or more of the Security Documents. 
 “Compliance Certificate” means a fully completed and duly executed certificate in the form of Exhibit C, together with a
Covenant Compliance Worksheet. 
 “Consolidated Current Assets” means, as of any date of determination, all assets of the
Parent and its Subsidiaries (other than cash, Cash Equivalents and notes receivables in respect of Franchisee Financings) that would, in accordance with GAAP, be classified on a consolidated balance sheet of the Parent and its Subsidiaries as
current assets as of such date. 
 “Consolidated Current Liabilities” means, as of any date of determination, all
liabilities (without duplication) of the Parent and its Subsidiaries that would, in accordance with GAAP, be classified on a consolidated balance sheet of the Parent and its Subsidiaries as current liabilities as of such date; provided,
however, that Consolidated Current Liabilities shall not include current maturities of any long-term Indebtedness. 
 “Consolidated EBITDA” means, for any Reference Period, the aggregate of (i) Consolidated Net Income for such period, after eliminating extraordinary gains and losses and unusual items, plus (ii) the sum of
(A) Consolidated Interest Expense, (B) taxes, (C) depreciation and amortization, (D) other non-cash charges and (E) any amount attributable to any nonrecurring item, but excluding any cash payments made in such period with
respect to any non-recurring item, in each case to the extent deducted in the computation of Consolidated Net Income for such period, plus (iii) without duplication, EBITDA attributable to assets which are the subject of a Permitted
Acquisition consummated during such Reference Period for which the total consideration (cash and stock) paid by the Parent and its Subsidiaries exceeds $2,000,000 (provided (x) that the Administrative Agent has received financial
statements or other financial data relating to the calculation of such EBITDA reasonably acceptable to the Administrative Agent and (y) that the aggregate amount included in Consolidated EBITDA for any Reference Period pursuant to this clause
(iii) shall not exceed 10% of Consolidated EBITDA calculated without giving effect to this clause (iii)). 
  

 7 

 “Consolidated Funded Debt” means, as of any date of determination, the aggregate
(without duplication) of all Funded Debt of the Parent and its Subsidiaries as of such date, determined on a consolidated basis in accordance with GAAP. 
 “Consolidated Interest Expense” means, for any Reference Period, the total interest expense of the Parent and its Subsidiaries for such Reference Period in respect of Consolidated Funded Debt
(including, without limitation, all such interest expense accrued or capitalized during such Reference Period, whether or not actually paid during such Reference Period), determined on a consolidated basis in accordance with GAAP. 
 “Consolidated Net Income” means, for any Reference Period, net income (or loss) for the Parent and its Subsidiaries for such Reference
Period, determined on a consolidated basis in accordance with GAAP (after deduction for minority interests); provided that, in making such determination, there shall be excluded (i) the net income of any other Person that is not a
Subsidiary of the Parent (or is accounted for by the Parent by the equity method of accounting) except to the extent of actual payment of cash dividends or distributions by such Person to the Parent or any Subsidiary of the Parent during such
period, and (ii) the net income of any Subsidiary of the Parent to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary of such net income is not at the time permitted by operation of the terms of
its charter, certificate of incorporation or formation or other constituent document or any agreement or instrument (other than a Credit Document) or Requirement of Law applicable to such Subsidiary. 
 “Consolidated Net Tangible Assets” means, as of any date of determination, Consolidated Total Assets less goodwill and other intangibles
as shown on the consolidated balance sheet of the Parent and its Subsidiaries for the most recently ended fiscal quarter. 
 “Consolidated Total Assets” means, as of any date of determination, all assets of the Parent and its Subsidiaries determined on a consolidated basis in accordance with GAAP. 
 “Consolidated Working Capital” means, as of any date of determination, Consolidated Current Assets as of such date minus
Consolidated Current Liabilities as of such date. 
 “Contingent Purchase Price Obligations” means any earnout obligations
or similar deferred or contingent purchase price obligations of the Parent or any of its Subsidiaries incurred or created in connection with an Acquisition. 
 “Control” means, with respect to any Person, (i) the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of such Person, whether through
the ownership of voting securities, by contract or otherwise, or (ii) the beneficial ownership of securities or other ownership interests of such Person having 10% or more of the combined voting power of the then outstanding securities or other
ownership interests of such Person ordinarily (and apart from rights accruing under special circumstances) having the right to vote in the election of directors or other governing body of such Person; and the terms “Controlled” and
“Controlling” have correlative meanings. 
 “Covenant Compliance Worksheet” means a fully completed worksheet in
the form of Attachment A to Exhibit C. 
  

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 “Credit Documents” means this Agreement, the Notes, the Letters of Credit, the Fee
Letter, the Security Agreement, the Guaranty, any other Security Documents and all other agreements, instruments, documents and certificates now or hereafter executed and delivered to the Administrative Agent or any Lender by or on behalf of the
Borrowers or any other Credit Party with respect to this Agreement, in each case as amended, modified, supplemented or restated from time to time; but specifically excluding any Hedge Agreement to which any Borrower and any Hedge Party are parties.

 “Credit Parties” means the Borrowers and the Guarantors, and their respective successors. 
 “Debt Issuance” means the issuance, sale or incurrence by any Credit Party of any debt securities or other Indebtedness, whether in a
public offering or otherwise, except for Indebtedness permitted under Sections 8.2(i) through 8.2(x). 
 “Default” means any event or condition that, with the passage of time or giving of notice, or both, would constitute an Event of Default. 
 “Defaulting Lender” means any Lender, as determined in good faith by the Administrative Agent, that (i) has failed (which failure has not been cured) to fund any Loan, or any participation
interest in Letters of Credit or Swingline Loans requested and permitted to be made hereunder in accordance with the terms hereof, (ii) has notified the Parent, the Administrative Agent, Swingline Lender or the Issuing Lender in writing that it
does not intend to comply with any of its funding obligations under this Agreement or has made a public statement to the effect that it does not intend to comply with its funding obligations under this Agreement or generally under other agreements
in which it commits to extend credit, (iii) has failed, within three Business Days after request by the Administrative Agent, to confirm that it will comply with the terms of this Agreement relating to its obligations to fund prospective Loans
or participations in Letters of Credit or Swingline Loans, (iv) has failed to pay to the Administrative Agent, the Swingline Lender, the Issuing Lender or any Lender when due an amount owed by such Lender pursuant to the terms of this
Agreement, unless such amount is subject to a good faith dispute or such failure has been cured, or (v) (a) has become or is insolvent or has a parent company that has become or is insolvent or (b) has become the subject of a
proceeding under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance
of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment or has a parent company that has become the subject of a proceeding under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or
similar law now or hereafter in effect, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or
appointment. 
 “Disqualified Capital Stock” means, with respect to any Person, any Capital Stock of such Person that, by
its terms (or by the terms of any security into which it is convertible or for which it is exchangeable), or upon the happening of any event or otherwise, (i) matures or is mandatorily redeemable or subject to any mandatory repurchase
requirement, pursuant to a sinking fund obligation or otherwise, (ii) is redeemable or subject to any mandatory repurchase 

  

 9 

 
requirement at the sole option of the holder thereof, or (iii) is convertible into or exchangeable for (whether at the option of the issuer or the
holder thereof) (y) debt securities or (z) any Capital Stock referred to in (i) or (ii) above, in each case under (i), (ii) or (iii) above at any time on or prior to the first anniversary of the Maturity Date;
provided, however, that only the portion of Capital Stock that so matures or is mandatorily redeemable, is so redeemable at the option of the holder thereof, or is so convertible or exchangeable on or prior to such date shall be deemed
to be Disqualified Capital Stock. 
 “Dollars” or “$” means dollars of the United States of America.

 “Eligible Assignee” means (i) a Lender, (ii) an Affiliate of a Lender, (iii) an Approved Fund, and
(iv) any other Person (other than a natural person) approved by (x) the Administrative Agent, (y) in the case of any assignment of a Revolving Credit Commitment or portion thereof, the Issuing Lender and the Swingline Lender, and
(z) unless a Default or Event of Default has occurred and is continuing, the Borrowers (each such approval not to be unreasonably withheld or delayed); provided that notwithstanding the foregoing, “Eligible Assignee” shall not
include the Borrowers or any of the Borrowers’ Affiliates or Subsidiaries. 
 “Environmental Claims” means any and all
administrative, regulatory or judicial actions, suits, demands, demand letters, claims, liens, allegations, notices of noncompliance or violation, investigations by a Governmental Authority, or proceedings (including, without limitation,
administrative, regulatory and judicial proceedings) relating in any way to any Hazardous Substance, any actual or alleged violation of or liability under any Environmental Law or any permit issued, or any approval given, under any Environmental Law
(collectively, “Claims”), including, without limitation, (i) any and all Claims by Governmental Authorities for enforcement, cleanup, removal, response, remedial or other actions or damages pursuant to any applicable
Environmental Law and (ii) any and all Claims by any third party seeking damages, contribution, indemnification, cost recovery, compensation or injunctive relief resulting from any Hazardous Substance or arising from alleged injury or threat of
injury to human health or the environment. 
 “Environmental Laws” means any and all federal, state and local laws,
statutes, ordinances, rules, regulations, permits, licenses, approvals, rules of common law and orders of courts or Governmental Authorities, relating to the protection of human health, occupational safety with respect to exposure to Hazardous
Substances, or the environment, now or hereafter in effect, and in each case as amended from time to time, including, without limitation, requirements pertaining to the manufacture, processing, distribution, use, treatment, storage, disposal,
transportation, handling, reporting, licensing, permitting, investigation or remediation of Hazardous Substances. 
 “Equity
Issuance” means the issuance, sale or other disposition by any Credit Party of its Capital Stock any rights, warrants or options to purchase or acquire any shares of its Capital Stock or any other security or instrument representing,
convertible into or exchangeable for an equity interest in any Credit Party; provided, however, that the term Equity Issuance shall not include the issuance, sale or other disposition of (i) any Capital Stock by any Subsidiary of
the Parent to the Parent or any other Subsidiary of the Parent, if such Capital Stock (excluding the portion of any Foreign Subsidiary’s Capital Stock not required to be pledged hereunder) is 

  

 10 

 
pledged to the Administrative Agent pursuant to the Security Agreement, (ii) any Capital Stock of the Parent issued or sold in connection with any
Permitted Acquisition and constituting all or a portion of the applicable purchase price, or (iii) any Capital Stock of the Parent, any rights or options for the Parent’s Capital Stock, and the underlying shares issued upon the exercise
thereof, in each case issued, sold or granted to directors and employees of the Credit Parties pursuant to employee benefit plans, employment agreements or other employment arrangements approved by the Board of Directors of the Parent. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and any successor statute, and all
rules and regulations from time to time promulgated thereunder. 
 “ERISA Affiliate” means any Person (including any trade
or business, whether or not incorporated) deemed to be under “common control” with, or a member of the same “controlled group” as, the Borrowers or any of their Subsidiaries, within the meaning of Sections 414(b), (c),
(m) or (o) of the Code or Section 4001 of ERISA. 
 “ERISA Event” means any of the following with respect to
a Plan or Multiemployer Plan, as applicable: (i) a Reportable Event, (ii) a complete or partial withdrawal by the Borrowers or any ERISA Affiliate from a Multiemployer Plan that results in liability under Section 4201 or 4204 of
ERISA, or the receipt by the Borrowers or any ERISA Affiliate of notice from a Multiemployer Plan that it is in reorganization or insolvency pursuant to Section 4241 or 4245 of ERISA or that it intends to terminate or has terminated under
Section 4041A of ERISA, (iii) the distribution by the Borrowers or any ERISA Affiliate under Section 4041 or 4041A of ERISA of a notice of intent to terminate any Plan or the taking of any action to terminate any Plan, (iv) the
commencement of proceedings by the PBGC under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan, or the receipt by the Borrowers or any ERISA Affiliate of a notice from any Multiemployer Plan
that such action has been taken by the PBGC with respect to such Multiemployer Plan, (v) the institution of a proceeding by any fiduciary of any Multiemployer Plan against the Borrowers or any ERISA Affiliate to enforce Section 515 of
ERISA, which is not dismissed within thirty (30) days, (vi) the imposition upon the Borrowers or any ERISA Affiliate of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of
ERISA, or the imposition or threatened imposition of any Lien upon any assets of the Borrowers or any ERISA Affiliate as a result of any alleged failure to comply with the Code or ERISA in respect of any Plan, (vii) the engaging in or otherwise
becoming liable for a nonexempt Prohibited Transaction by the Borrowers or any ERISA Affiliate, or a violation of the applicable requirements of Section 404 or 405 of ERISA or the exclusive benefit rule under Section 401(a) of the Code by
any fiduciary of any Plan for which the Borrowers or any of their ERISA Affiliates may be directly or indirectly liable, (viii) the occurrence with respect to any Plan of any “accumulated funding deficiency” (within the meaning of
Section 302 of ERISA and Section 412 of the Code), whether or not waived, or (ix) the adoption of an amendment to any Plan that, pursuant to Section 401(a)(29) of the Code or Section 307 of ERISA, would result in the loss of
tax-exempt status of the trust of which such Plan is a part if the Borrowers or an ERISA Affiliate fails to timely provide security to such Plan in accordance with the provisions of such sections. 
 “Event of Default” has the meaning given to such term in Section 9.1. 
  

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 “Excess Cash Flow” means, for any fiscal year of the Parent, (a) the sum of
(i) Consolidated EBITDA for such fiscal year (determined by adding back thereto, but without duplication, any amounts deducted in the calculation of Consolidated EBITDA for such fiscal year that were paid, incurred or accrued in violation of
any of the provisions of this Agreement), (ii) an amount equal to any decrease in Consolidated Working Capital from the first day to the last day of such fiscal year and (iii) payments received in such fiscal year from Franchisees in
respect of Franchisee Financings, minus (b) the sum (without duplication) of (i) Consolidated Interest Expense in respect of Indebtedness permitted hereunder to the extent paid in cash during such fiscal year,
(ii) aggregate taxes of the Parent and its Subsidiaries to the extent paid in cash during such fiscal year, (iii) except to the extent financed with proceeds from the incurrence of Indebtedness or issuance of equity securities, Capital
Expenditures and the total consideration paid with respect to Permitted Acquisitions in each case to the extent permitted hereunder and to the extent paid in cash during such fiscal year (or committed to be made pursuant to a binding agreement in
effect at the end of such fiscal year if such payment is made within 75 days of the end of such fiscal year), (iv) except to the extent financed with proceeds from the incurrence of Indebtedness or issuance of equity securities, scheduled
payments of principal on the Term Loans made during such fiscal year, (v) except to the extent financed with proceeds from the incurrence of Indebtedness or issuance of equity securities, optional prepayments on the Term Loans made during such
fiscal year, (vi) except to the extent financed with proceeds from the incurrence of Indebtedness or issuance of equity securities, optional prepayments on the Revolving Loans made during such fiscal year that are accompanied by a corresponding
permanent reduction in the Revolving Credit Commitments, (vii) an amount equal to any increase in Consolidated Working Capital from the first day to the last day of such fiscal year and (viii) Franchisee Financings made during such fiscal
year up to an aggregate principal amount not to exceed $8,000,000. 
 “Exchange Act” means the Securities Exchange Act of
1934, as amended from time to time, and any successor statute, and all rules and regulations from time to time promulgated thereunder. 
 “Excluded Asset Disposition” means (i) any Asset Disposition permitted under Sections 8.1(iv) and 8.1(vi), (ii) any Debt Issuance, Equity Issuance or Casualty Event, and (iii) other Asset
Dispositions the Net Cash Proceeds from which do not exceed $500,000 in the aggregate in any single fiscal year. 
 “Excluded
Taxes” means, with respect to the Administrative Agent, any Lender, the Issuing Lender or any other recipient of any payment to be made by or on account of any obligation of the Borrowers hereunder, (i) taxes imposed on or measured by
its overall net income (however denominated), and franchise taxes imposed on it (in lieu of net income taxes), 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, (ii) any branch profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which the Borrowers are
located and (iii) in the case of a Foreign Lender (other than an assignee pursuant to a request by the Borrowers under Section 2.19(a)), any withholding tax that is imposed on amounts payable to such Foreign Lender at the time such
Foreign Lender becomes a party hereto (or designates a new Lending Office) or is attributable to such Foreign Lender’s failure or inability (other than as 

  

 12 

 
a result of a Change in Law) to comply with Section 2.17(e), 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 the Borrowers with respect to such withholding tax pursuant to Section 2.17(a). 
 “Existing Credit Agreement” has the meaning given to such term in the Background Statement. 
 “Existing Letters of Credit” means the letters of credit outstanding on the date hereof and issued by Wachovia under the Existing Credit
Agreement set forth on Schedule 1.1(b). 
 “Existing Revolving Loans” has the meaning given to such term in
Section 2.1(a). 
 “Federal Funds Rate” means, for any period, a fluctuating per annum interest rate (rounded
upwards, if necessary, to the nearest 1/100 of one percentage point) equal for each day during such period to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal
funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or if such rate is not so published for any day that is a Business Day, the average of the
quotations for such day on such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by the Administrative Agent. 
 “Federal Reserve Board” means the Board of Governors of the Federal Reserve System or any successor thereto. 
 “Fee Letter” means the engagement letter from the Arranger to the Parent, dated August 24, 2006, relating to certain fees payable
by the Parent in respect of the transactions contemplated by this Agreement, as amended, modified, restated or supplemented from time to time. 
 “Financial Officer” means, with respect to any Borrower, the chief financial officer, vice president – treasury and investor relations, vice president – financial planning and analysis, principal accounting
officer, treasurer or controller of such Borrower. 
 “fiscal quarter” or “FQ” means a fiscal quarter of
the Parent and its Subsidiaries. 
 “fiscal year” or “FY” means a fiscal year of the Parent and its
Subsidiaries. 
 “Foreign Lender” means, with respect to a Borrower, any Lender that is organized under the laws of a
jurisdiction other than that in which the Borrower is resident for tax purposes. 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 Subsidiary” means a Subsidiary of a Borrower that is a “controlled foreign corporation,” as such term is defined in
Section 957 of the Code. 
  

 13 

 “Franchisee” means a Person (other than the Borrowers or a Subsidiary of the Borrowers)
that owns and operates a Borrower-licensed Office. 
 “Franchisee Advance Payments” means advances or obligations to make
advances made from time to time by any Credit Party to third parties on behalf of or for the benefit of a Franchisee and for which such Credit Party has a right to reimbursement within 180 days following payment of such advance. 
 “Franchisee Financings” means the issuance of financing, including without limitation development advance notes or other similar
financings, to Franchisees by the Borrowers or Subsidiaries of the Borrowers in the ordinary course of business. 
 “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 business. 
 “Funded Debt” means, with respect to any Person, without duplication, all Indebtedness of such Person (other than Indebtedness of the
types referred to in clauses (ix) and (x) of the definition of “Indebtedness”) and all Guaranty Obligations with respect to Funded Debt of other Persons. 
 “GAAP” means generally accepted accounting principles in the United States of America, as set forth in the statements, opinions and
pronouncements of the Accounting Principles Board, the American Institute of Certified Public Accountants and the Financial Accounting Standards Board, consistently applied and maintained, as in effect from time to time (subject to the provisions of
Section 1.2). 
 “Governmental Authority” means the government of the United States of America or any other
nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 
 “Guarantor” means any Subsidiary of a Borrower that is a guarantor of the Obligations under the Guaranty (or under another guaranty agreement in form and substance satisfactory to the Administrative
Agent) and has granted to the Administrative Agent a Lien upon and security interest in its personal property assets pursuant to the Security Agreement. 
 “Guaranty” means a guaranty agreement made by the Guarantors in favor of the Administrative Agent and the Lenders, in substantially the form of Exhibit E, as amended, modified, restated or
supplemented from time to time. 
 “Guaranty Obligation” means, with respect to any Person, any direct or indirect liability
of such Person with respect to any Indebtedness, liability or other obligation (the “primary obligation”) of another Person (the “primary obligor”), whether or not contingent, (i) to purchase, repurchase or
otherwise acquire such primary obligation or any property constituting direct or indirect security therefor, (ii) to advance or provide funds (x) for the payment or 

  

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discharge of any such primary obligation or (y) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net
worth or solvency or any balance sheet item, level of income or financial condition of the primary obligor (including, without limitation, keep well agreements, maintenance agreements, comfort letters or similar agreements or arrangements),
(iii) to lease or purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor in respect thereof to make payment of such primary obligation or
(iv) otherwise to assure or hold harmless the owner of any such primary obligation against loss or failure or inability to perform in respect thereof; provided, however, that, with respect to the Borrowers and their Subsidiaries,
the term Guaranty Obligation shall not include endorsements for collection or deposit in the ordinary course of business. The amount of any Guaranty Obligation of any guaranteeing Person hereunder shall be deemed to be the lower of (a) an
amount equal to the stated or determinable amount of the primary obligation in respect of which such Guaranty Obligation is made and (b) the maximum amount for which such guaranteeing Person may be liable pursuant to the terms of the instrument
embodying such Guaranty Obligation, unless such primary obligation and the maximum amount for which such guaranteeing Person may be liable are not stated or determinable, in which case the amount of such Guaranty Obligation shall be such
guaranteeing Person’s maximum reasonably anticipated liability in respect thereof as determined by such guaranteeing Person in good faith. 
 “Hazardous Substance” means any substance or material meeting any one or more of the following criteria: (i) it is or contains a substance designated as a hazardous waste, hazardous substance, hazardous material,
pollutant, contaminant or toxic substance under any Environmental Law, (ii) it is toxic, explosive, corrosive, ignitable, infectious, radioactive, mutagenic or otherwise hazardous to human health or the environment and is or becomes regulated
by any Governmental Authority, (iii) its presence may require investigation or response under any Environmental Law, (iv) it constitutes a nuisance, trespass or health or safety hazard to Persons or neighboring properties, or (v) it
is or contains, without limiting the foregoing, asbestos, polychlorinated biphenyls, urea formaldehyde foam insulation, petroleum hydrocarbons, petroleum derived substances or wastes, crude oil, nuclear fuel, natural gas or synthetic gas.

 “Hedge Agreement” means any interest or foreign currency rate swap, cap, collar, option, hedge, forward rate or other
similar agreement or arrangement designed to protect against fluctuations in interest rates or currency exchange rates or equity risks related to share repurchases or employee compensation plans. 
 “Hedge Party” means any Lender or any Affiliate of any Lender in its capacity as a counterparty to any Hedge Agreement with a Borrower
or any Subsidiary, which Hedge Agreement is required or permitted under this Agreement to be entered into by the Borrower, or any former Lender or any Affiliate of any former Lender in its capacity as a counterparty to any such Hedge Agreement
entered into prior to the date such Person or its Affiliate ceased to be a Lender. 
 “Hewfant” shall have the meaning given
to such terms in the introductory paragraph hereof. 
  

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 “Indebtedness” means, with respect to any Person (without duplication), (i) all
obligations of such Person for borrowed money, (ii) all obligations of such Person evidenced by notes, bonds, debentures or similar instruments, or upon which interest payments are customarily made, (iii) the maximum stated or face amount
of all surety bonds, letters of credit and bankers’ acceptances issued or created for the account of such Person and, without duplication, all drafts drawn thereunder (to the extent unreimbursed), (iv) all obligations of such Person to pay
the deferred purchase price of property or services (excluding trade payables incurred in the ordinary course of business and not more than 90 days past due or disputed in good faith), (v) all indebtedness created or arising under any
conditional sale or other title retention agreement with respect to property acquired by such Person, (vi) all Capital Lease Obligations of such Person, (vii) all Disqualified Capital Stock issued by such Person, with the amount of
Indebtedness represented by such Disqualified Capital Stock being equal to the greater of its voluntary or involuntary liquidation preference and its maximum fixed repurchase price, (viii) the principal balance outstanding and owing by such
Person under any synthetic lease, tax retention operating lease or similar off-balance sheet financing product (but excluding other operating leases), (ix) all Guaranty Obligations of such Person with respect to Indebtedness of another Person,
(x) the net termination obligations of such Person under any Hedge Agreements, calculated as of any date as if such agreement or arrangement were terminated as of such date, and (xi) all indebtedness of the types referred to in
clauses (i) through (x) above (A) of any partnership or unincorporated joint venture in which such Person is a general partner or joint venturer to the extent such Person is liable therefor or (B) secured by any Lien on any
property or asset owned or held by such Person regardless of whether or not the indebtedness secured thereby shall have been incurred or assumed by such Person or is nonrecourse to the credit of such Person, the amount thereof being equal to the
value of the property or assets subject to such Lien. 
 “Indemnified Taxes” means Taxes arising from any payment made
hereunder or under any other Credit Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Credit Document other than Excluded Taxes. 
 “Intellectual Property” means (i) all inventions (whether or not patentable and whether or not reduced to practice), all
improvements thereto, and all patents, patent applications, and patent disclosures, together with all reissues, continuations, continuations-in-part, divisions, revisions, extensions, and reexaminations thereof, (ii) all trademarks, service
marks, trade dress, logos, trade names, and corporate names, together with all goodwill associated therewith, and all applications, registrations, and renewals in connection therewith, (iii) all copyrightable works and all copyrights
(registered and unregistered), (iv) all trade secrets and confidential information (including, without limitation, financial, business and marketing plans and customer and supplier lists and related information), (v) all computer software
and software systems (including, without limitation, data, databases and related documentation), (vi) all Internet web sites and domain names, (vii) all technology, know-how, processes and other proprietary rights, and (viii) all
licenses or other agreements to or from third parties regarding any of the foregoing. 
 “Interest Coverage Ratio” means, as
of the last day of any Reference Period ending on the last day of a fiscal quarter, the ratio of (i) Consolidated EBITDA for such Reference Period to (ii) Consolidated Interest Expense for such Reference Period to the extent paid (or
required to be paid) in cash. 
  

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 “Interest Period” has the meaning given to such term in Section 2.10.

 “Investments” has the meaning given to such term in Section 8.4. 
 “Issuing Lender” means Wachovia in its capacity as issuer of the Letters of Credit, and its successors in such capacity. 
 “Jackson Hewitt” shall have the meaning given to such terms in the introductory paragraph hereof. 
 “Lender” means each Person signatory hereto as a “Lender” and each other Person that becomes a “Lender” hereunder
pursuant to Section 11.6, and their respective successors and assigns. 
 “Lending Office” means, with respect
to any Lender, the office of such Lender designated as such in such Lender’s Administrative Questionnaire or in connection with an Assignment and Assumption, or such other office as may be otherwise designated in writing from time to time by
such Lender to the Borrowers and the Administrative Agent. A Lender may designate separate Lending Offices as provided in the foregoing sentence for the purposes of making or maintaining different Types of Loans, and, with respect to LIBOR Loans,
such office may be a domestic or foreign branch or Affiliate of such Lender. 
 “Letter of Credit Exposure” means, with
respect to any Revolving Credit Lender at any time, such Lender’s pro rata share (based on the proportion that its Revolving Credit Commitment bears to the aggregate Revolving Credit Commitments at such time) of the sum of (i) the
aggregate Stated Amount of all Letters of Credit outstanding at such time and (ii) the aggregate amount of all Reimbursement Obligations outstanding at such time. 
 “Letter of Credit Maturity Date” means the fifth (5th) Business Day prior to the Maturity Date. 
 “Letter of Credit Notice” has the meaning given to such term in Section 3.2. 
 “Letter of Credit Subcommitment” means $25,000,000 or, if less, the aggregate Revolving Credit Commitments at the time of determination, as such amount may be reduced at or prior to such time pursuant to the terms hereof.

 “Letters of Credit” has the meaning given to such term in Section 3.1. 
 “Leverage Ratio” means, as of the last day of any Reference Period ending on the last day of a fiscal quarter, the ratio of
(i) Average Consolidated Funded Debt as of such date, to (ii) Consolidated EBITDA for such Reference Period. 
 “LIBOR
Loan” means, at any time, any Loan that bears interest at such time at the applicable Adjusted LIBOR Rate. 
 “LIBOR
Rate” means, with respect to each LIBOR Loan comprising part of the same Borrowing for any Interest Period, an interest rate per annum obtained by dividing (i) (y) the rate 

  

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of interest (rounded upward, if necessary, to the nearest 1/100 of one percentage point) determined by reference to the British Bankers’ Association
Interest Settlement Rates for deposits in Dollars (as set forth by the Bloomberg Information Services or any successor thereto or any other service selected by the Administrative Agent which has been nominated by the British Bankers’
Association as an authorized vendor for the purpose of displaying such rates) or (z) if no such rate is available, the rate of interest determined by the Administrative Agent to be the rate or the arithmetic mean of rates (rounded upward, if
necessary, to the nearest 1/100 of one percentage point) at which Dollar deposits in immediately available funds are offered to first-tier banks in the London interbank Eurodollar market, in each case under (y) and (z) above at
approximately 11:00 a.m., London time, two (2) Business Days prior to the first day of such Interest Period for a period substantially equal to such Interest Period and in an amount substantially equal to the amount of Wachovia’s
LIBOR Loan comprising part of such Borrowing, by (ii) the amount equal to 1.00 minus the Reserve Requirement (expressed as a decimal) for such Interest Period. 
 “Lien” means any Mortgage, pledge, hypothecation, assignment, security interest, lien (statutory or otherwise), charge or other encumbrance of any nature, whether voluntary or involuntary, including,
without limitation, the interest of any vendor or lessor under any conditional sale agreement, title retention agreement, Capital Lease or any other lease or arrangement having substantially the same effect as any of the foregoing. 
 “Line of Business” means tax preparation, financial services, business services and educational services and franchising related thereto
and other businesses related thereto or extensions thereof. 
 “Loans” means any or all of the Term Loans, the Revolving
Loans and the Swingline Loans. 
 “Margin Stock” has the meaning given to such term in Regulation U. 
 “Material Adverse Effect” means a material adverse effect upon (A) the business, assets, operations or condition (financial or
otherwise) of the Parent and its Subsidiaries, taken as a whole, (B) the ability of the Parent and its Subsidiaries, taken as a whole, to perform their obligations under this Agreement or any of the other Credit Documents or (C) the
legality, validity or enforceability of this Agreement or any of the other Credit Documents or the rights and remedies of the Administrative Agent and the Lenders hereunder and thereunder. 
 “Material Contract” has the meaning given to such term in Section 5.19. 
 “Material Subsidiary” means each Subsidiary of the Parent other than Subsidiaries that, in the aggregate, account for no more than 5% of
Consolidated Total Assets, 5% of consolidated net worth or 5% of consolidated net revenues of the Parent. 
 “Maturity Date”
means October 6, 2011. 
 “Mortgage” means any mortgage, deed of trust, deed to secure debt, collateral assignment of
lease or similar agreement or instrument pursuant to which any Credit Party grants in favor of the Administrative Agent, for its benefit and the benefit of the Lenders, a security interest in and Lien upon any fee interest in real property owned by
it, as amended, modified, restated or supplemented from time to time. 
  

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 “Multiemployer Plan” means any “multiemployer plan” within the meaning of
Section 4001(a)(3) of ERISA to which the Borrowers or any ERISA Affiliate of the Borrowers makes, is making or is obligated to make contributions or has made or been obligated to make contributions. 
 “Net Cash Proceeds” means, in the case of any Equity Issuance, Debt Issuance, or Asset Disposition, the aggregate cash proceeds received
by any Credit Party (including any such proceeds received by way of deferred payment of principal pursuant to a note or installment receivable or purchase price adjustment receivable or otherwise, or the termination of any reserve made in respect
thereof, but only in each case as and when received or such reserve is terminated), less (i) reasonable fees and out-of-pocket expenses payable by the Parent or any of its Subsidiaries in connection therewith, (ii) taxes paid or payable as
a result thereof, and (iii) in the case of an Asset Disposition, (x) the amount required to retire Indebtedness to the extent such Indebtedness is secured by Permitted Liens on the subject property and (y) amounts provided as a
reserve, in accordance with GAAP, against any liabilities under any indemnification obligation or purchase price adjustments associated with such Asset Disposition, for so long as such amounts are provided as a reserve; it being understood that the
term “Net Cash Proceeds” shall include, as and when received, any cash received upon the sale or other disposition of any non-cash consideration received by any Credit Party in respect of any of the foregoing events. 
 “Notes” means any or all of the Term Notes, the Revolving Notes and the Swingline Note. 
 “Notice of Borrowing” has the meaning given to such term in Section 2.2(b). 
 “Notice of Conversion/Continuation” has the meaning given to such term in Section 2.11(b). 
 “Notice of Swingline Borrowing” has the meaning given to such term in Section 2.2(d). 
 “Obligations” means all principal of and interest (including interest accruing after the filing of a petition or commencement of a case
by or with respect to a Borrower seeking relief under any applicable federal and state laws pertaining to bankruptcy, reorganization, arrangement, moratorium, readjustment of debts, dissolution, liquidation or other debtor relief, specifically
including, without limitation, the Bankruptcy Code and any fraudulent transfer and fraudulent conveyance laws, whether or not the claim for such interest is allowed in such proceeding) on the Loans and Reimbursement Obligations and all fees,
expenses, indemnities and other obligations owing, due or payable at any time by the Borrowers or any Guarantor to the Administrative Agent, any Lender, the Swingline Lender, the Issuing Lender or any other Person entitled thereto, under this
Agreement or any of the other Credit Documents, and all payment and other obligations owing or payable at any time by the Borrowers to any Hedge Party under or in connection with any Hedge Agreement required or permitted by this Agreement, in each
case whether direct or indirect, joint or several, absolute or contingent, matured or unmatured, liquidated or unliquidated, secured or unsecured, and whether existing by contract, operation of law or otherwise. 
  

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 “OFAC” means the U.S. Department of the Treasury’s Office of Foreign Assets
Control, and any successor thereto. 
 “Office” means a business that provides tax return preparation and other related
services. 
 “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 Credit Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Credit Document. 
 “Parent” shall have the meaning given to such terms in the introductory paragraph hereof. 
 “Participant” has the meaning given to such term in Section 11.6(d). 
 “PATRIOT Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism
(USA PATRIOT Act of 2001), as amended from time to time, and any successor statute, and all rules and regulations from time to time promulgated thereunder. 
 “Payment Office” means the office of the Administrative Agent designated on Schedule 1.1(a) under the heading “Instructions for wire transfers to the Administrative Agent,” or
such other office as the Administrative Agent may designate to the Lenders and the Borrowers for such purpose from time to time. 
 “PBGC” means the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA, and any successor thereto. 
 “Permitted Acquisition” means (A) any Acquisition to which the Required Lenders (or the Administrative Agent on their behalf) shall have given their prior written consent (which consent
may be in their sole discretion and may be given subject to such additional terms and conditions as the Required Lenders shall establish) and with respect to which all of the conditions and requirements set forth in this definition and in Section
6.8, and in or pursuant to any such consent, have been satisfied or waived in writing by the Required Lenders (or the Administrative Agent on their behalf), or (B) any Acquisition with respect to which all of the following conditions are
satisfied:  
 (i) each business acquired shall be within the Line of Business; 
 (ii) any Capital Stock given as consideration in connection therewith shall be Capital Stock of the Parent; 
 (iii) no Default or Event of Default shall have occurred and be continuing at the time of the consummation of such Permitted Acquisition
or would exist immediately after giving effect thereto; 
  

 20 

 (iv) after giving effect to such Permitted Acquisition and any Borrowings in connection
therewith, the Borrowers shall deliver to the Administrative Agent a Compliance Certificate demonstrating compliance with the financial covenants contained in ARTICLE VII, such compliance determined with regard to calculations made on a Pro
Forma Basis for the Reference Period then most recently ended for which the Administrative Agent has received the financial statements required by Section 6.1; 
 (v) the Acquisition Amount paid with respect to such Acquisition, together with the Acquisition Amount paid with respect to all
Acquisitions during the same fiscal year, shall not exceed $7,000,000; and 
 (vi) all of the conditions and requirements of
Section 6.8 applicable to such Acquisition are satisfied. 
 “Permitted Liens” has the meaning given to such term in
Section 8.3. 
 “Person” means any natural person, corporation, limited liability company, trust, joint venture,
association, company, partnership, Governmental Authority or other entity. 
 “Plan” means any “employee pension
benefit plan” within the meaning of Section 3(2) of ERISA that is subject to the provisions of Title IV of ERISA (other than a Multiemployer Plan) and to which the Borrowers or any ERISA Affiliate of the Borrowers may have any liability.

 “Pro Forma Basis” has the meaning given to such term in Section 1.3(c). 
 “Prohibited Transaction” means any transaction described in (i) Section 406 of ERISA that is not exempt by reason of
Section 408 of ERISA or by reason of a Department of Labor prohibited transaction individual or class exemption or (ii) Section 4975(c) of the Code that is not exempt by reason of Section 4975(c)(2) or 4975(d) of the Code. 

“Projections” has the meaning given to such term in Section 5.11(b). 
 “Realty” means all real property and interests in real property now or hereafter acquired or leased by any Credit Party. 
 “Reference Period” with respect to any date of determination, means (except as may be otherwise expressly provided herein) the period of
twelve consecutive fiscal months of the Borrowers immediately preceding such date or, if such date is the last day of a fiscal quarter, the period of four consecutive fiscal quarters ending on such date. 
 “Refunded Swingline Loans” has the meaning given to such term in Section 2.2(e). 
 “Register” has the meaning given to such term in Section 11.6(c). 
 “Regulations D, T, U and X” means Regulations D, T, U and X, respectively, of the Federal Reserve Board, and any successor regulations.

 “Reimbursement Obligation” has the meaning given to such term in Section 3.4. 
  

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 “Related Parties” means, with respect to any Person, such Person’s Affiliates and
the partners, directors, officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 
 “Reportable
Event” means, with respect to any Plan, (i) any “reportable event” within the meaning of Section 4043(c) of ERISA for which the 30-day notice under Section 4043(a) of ERISA has not been waived by the PBGC
(including, without limitation, any failure to meet the minimum funding standard of, or timely make any required installment under, Section 412 of the Code or Section 302 of ERISA, regardless of the issuance of any waivers in accordance
with Section 412(d) of the Code), (ii) any such “reportable event” subject to advance notice to the PBGC under Section 4043(b)(3) of ERISA, (iii) any application for a funding waiver or an extension of any amortization
period pursuant to Section 412 of the Code, and (iv) a cessation of operations described in Section 4062(e) of ERISA. 
 “Required Lenders” means, at any time, the Lenders holding outstanding Loans (excluding Swingline Loans) and Unutilized Revolving Credit Commitments (or, after the termination of the Revolving Credit Commitments,
outstanding Loans, Letter of Credit Exposure and participations in outstanding Swingline Loans) representing at least a majority of the aggregate, at such time, of all outstanding Loans (excluding Swingline Loans) and Unutilized Revolving Credit
Commitments (or, after the termination of the Revolving Credit Commitments, the aggregate at such time of all outstanding Loans, Letter of Credit Exposure and participations in outstanding Swingline Loans). 
 “Required Revolving Lenders” means, at any time, the Lenders holding outstanding Revolving Loans and Unutilized Revolving Credit
Commitments (or, after the termination of the Revolving Credit Commitments, outstanding Revolving Credit Exposure) representing at least a majority of the aggregate, at such time, of all outstanding Revolving Loans and Unutilized Revolving Credit
Commitments (or, after the termination of the Revolving Credit Commitments, the aggregate at such time of all outstanding Revolving Credit Exposure). 
 “Requirement of Law” means, with respect to any Person, the charter, articles or certificate of organization or incorporation and bylaws or other organizational or governing documents of such Person,
and any statute, law, treaty, rule, regulation, order, decree, writ, injunction or determination of any arbitrator or court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which
such Person or any of its property is subject or otherwise pertaining to any or all of the transactions contemplated by this Agreement and the other Credit Documents. 
 “Reserve Requirement” means, with respect to any Interest Period, the reserve percentage (expressed as a decimal and
rounded upwards, if necessary, to the next higher 1/100th of 1%) in effect from time
to time during such Interest Period, as provided by the Federal Reserve Board, applied for determining the maximum reserve requirements (including, without limitation, basic, supplemental, marginal and emergency reserves) applicable to Wachovia
under Regulation D with respect to “Eurocurrency liabilities” within the meaning of Regulation D, or under any similar or successor regulation with respect to Eurocurrency liabilities or Eurocurrency funding. 
  

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 “Responsible Officer” means, with respect to any Credit Party, the president, the chief
executive officer, the chief financial officer, any executive officer, or any other Financial Officer of such Credit Party, and any other officer or similar official thereof responsible for the administration of the obligations of such Credit Party
in respect of this Agreement or any other Credit Document. 
 “Revolving Credit Commitment” means, with respect to any
Lender at any time, the commitment of such Lender to make Revolving Loans in an aggregate principal amount at any time outstanding up to the amount set forth opposite such Lender’s name on Schedule 1.1(a) under the caption
“Revolving Credit Commitment” or, if such Lender has entered into one or more Assignment and Assumptions, the amount set forth for such Lender at such time in the Register maintained by the Administrative Agent pursuant to
Section 11.6(c) as such Lender’s “Revolving Credit Commitment,” in either case, as such amount may be reduced at or prior to such time pursuant to the terms hereof. 
 “Revolving Credit Exposure” means, with respect to any Revolving Credit Lender at any time, the sum of (i) the aggregate principal
amount of all Revolving Loans made by such Lender that are outstanding at such time, (ii) such Lender’s Letter of Credit Exposure at such time and (iii) such Lender’s Swingline Exposure at such time. 
 “Revolving Credit Lender” means any Lender having a Revolving Credit Commitment (or, after the Revolving Credit Commitments have
terminated, any Lender holding outstanding Revolving Loans). 
 “Revolving Credit Termination Date” means the Maturity Date
or such earlier date of termination of the Revolving Credit Commitments pursuant to Section 2.5 or Section 9.2. 
 “Revolving Loans” has the meaning given to such term in Section 2.1(a). 
 “Revolving
Note” means, with respect to any Revolving Credit Lender requesting the same, the promissory note of the Borrowers in favor of such Revolving Credit Lender evidencing the Revolving Loans made by such Lender pursuant to
Section 2.1(a), in substantially the form of Exhibit A-1, together with any amendments, modifications and supplements thereto, substitutions therefor and restatements thereof. 
 “Sanctioned Country” means a country subject to a sanctions program identified on the list maintained by OFAC and available at
http://www.treas.gov/offices/eotffc/ofac/sanctions/index/html, or as otherwise published from time to time. 
 “Sanctioned Person” means (i) a Person named on the list of Specially Designated Nationals or Blocked Persons maintained by OFAC available at http://www.treas.gov/offices/eotffc/ofac/sdn/index/html, or as
otherwise published from time to time, or (ii) (A) an agency of the government of a Sanctioned Country, (B) an organization controlled by a Sanctioned Country, or (C) a Person resident in a Sanctioned Country, to the extent
subject to a sanctions program administered by OFAC. 
 “Security Agreement” means the Pledge and Security Agreement made by
the Borrowers and the Subsidiaries of the Borrowers party thereto in favor of the Administrative Agent, for the benefit of the Lenders, in substantially the form of Exhibit F, as amended, modified, restated or supplemented from time to time.

  

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 “Security Documents” means the Security Agreement and all other pledge or security
agreements, Mortgages, assignments or other similar agreements or instruments executed and delivered by any Credit Party pursuant to Section 6.8 or 6.9 or otherwise in connection with the transactions contemplated hereby, in each case
as amended, modified, restated or supplemented from time to time. 
 “Stated Amount” means, with respect to any Letter of
Credit at any time, the aggregate amount available to be drawn thereunder at such time (regardless of whether any conditions for drawing could then be met). 
 “Subsidiary” means, with respect to any Person, any corporation or other Person of which more than fifty percent (50%) of the outstanding Capital Stock having ordinary voting power to elect a
majority of the board of directors, board of managers or other governing body of such Person, is at the time, directly or indirectly, owned or controlled by such Person and one or more of its other Subsidiaries or a combination thereof (irrespective
of whether, at the time, securities of any other class or classes of any such corporation or other Person shall or might have voting power by reason of the happening of any contingency). When used without reference to a parent entity, the term
“Subsidiary” shall be deemed to refer to a Subsidiary of the Borrowers. 
 “Subsidiary Guarantor” means any
Guarantor that is a Subsidiary of the Borrower. 
 “Swingline Commitment” means $10,000,000 or, if less, the aggregate
Revolving Credit Commitments at the time of determination, as such amount may be reduced at or prior to such time pursuant to the terms hereof. 
 “Swingline Exposure” means, with respect to any Revolving Credit Lender at any time, its maximum aggregate liability to make Refunded Swingline Loans pursuant to Section 2.2(e) to refund, or to purchase
participations pursuant to Section 2.2(f) in, Swingline Loans that are outstanding at such time. 
 “Swingline
Lender” means Wachovia in its capacity as maker of Swingline Loans, and its successors in such capacity. 
 “Swingline
Loans” has the meaning given to such term in Section 2.1(c). 
 “Swingline Maturity Date” means the
fifth (5th) Business Day prior to the Maturity Date. 
 “Swingline Note” means, if requested by the Swingline Lender,
the promissory note of the Borrowers in favor of the Swingline Lender evidencing the Swingline Loans made by the Swingline Lender pursuant to Section 2.1(c), in substantially the form of Exhibit A-2, together with any
amendments, modifications and supplements thereto, substitutions therefor and restatements thereof. 
 “Tax Services” shall
have the meaning given to such terms in the introductory paragraph hereof. 
  

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 “Taxes” means all present or future taxes, levies, imposts, duties, deductions,
withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 
 “Term Lender” means any Lender holding outstanding Term Loans. 
 “Term
Loans” has the meaning given to such term in Section 2.1(a). 
 “Term Note” means, with respect to any
Term Lender requesting the same, the promissory note of the Borrower in favor of such Term Lender evidencing the Term Loan held such Lender pursuant to Section 2.1(a), in substantially the form of Exhibit A-3, together with
any amendments, modifications and supplements thereto, substitutions therefor and restatements thereof. 
 “Third Amendment Effective
Date” means the Business Day that all conditions precedent in Article II of the Amendment Agreement shall have been satisfied or waived in accordance therewith. 
 “Total Voting Power” means, with respect to any Person, the total number of votes which may be cast in the election of directors of such Person at any meeting of stockholders of such Person if all
securities entitled to vote in the election of directors of such Person (on a fully diluted basis, assuming the exercise, conversion or exchange of all rights, warrants, options and securities exercisable for, exchangeable for or convertible into,
such voting securities) were present and voted at such meeting (other than votes that may be cast only upon the happening of a contingency). 
 “Type” has the meaning given to such term in Section 2.2(a). 
 “Unfunded Pension
Liability” means, with respect to any Plan, the excess of its benefit liabilities under Section 4001(a)(16) of ERISA over the current value of its assets, determined in accordance with the applicable assumptions used for funding under
Section 412 of the Code for the applicable plan year. 
 “Unutilized Revolving Credit Commitment” means, with respect
to any Revolving Credit Lender at any time, such Lender’s Revolving Credit Commitment at such time less the sum of (i) the aggregate principal amount of all Revolving Loans made by such Lender that are outstanding at such
time, (ii) such Lender’s Letter of Credit Exposure at such time and (iii) such Lender’s Swingline Exposure at such time. 
 “Unutilized Swingline Commitment” means, with respect to the Swingline Lender at any time, the Swingline Commitment at such time less the aggregate principal amount of all Swingline Loans that are outstanding at such
time. 
 “Wachovia” means Wachovia Bank, National Association, and its successors and assigns. 
 “Wholly Owned” means, with respect to any Subsidiary of any Person, that 100% of the outstanding Capital Stock of such Subsidiary
(excluding any directors’ qualifying shares and shares required to be held by foreign nationals, in the case of a Foreign Subsidiary) is owned, directly or indirectly, by such Person. 
  

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 1.2 Accounting Terms. Unless otherwise specified herein, all accounting terms used herein shall be
interpreted, all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared in accordance with, GAAP applied on a basis consistent with the most recent audited consolidated
financial statements of the Parent and its Subsidiaries delivered to the Lenders prior to the Closing Date; provided that if the Borrowers notify the Administrative Agent that they wish to amend any financial covenant in ARTICLE VII to
eliminate the effect of any change in GAAP on the operation of such covenant (or if the Administrative Agent notifies the Borrowers that the Required Lenders wish to amend ARTICLE VII for such purpose), then the Borrowers’ compliance
with such covenant shall be determined on the basis of GAAP as in effect immediately before the relevant change in GAAP became effective, until either such notice is withdrawn or such covenant is amended in a manner satisfactory to the Borrowers and
the Required Lenders. 
 1.3 Other Terms; Construction. 
 (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 shall be construed as referring to such agreement,
instrument or other document as from time to time amended, supplemented, restated or otherwise modified (subject to any restrictions on such amendments, supplements, restatements or modifications set forth herein or in any other Credit Document),
(ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns permitted hereunder, (iii) the words “herein,” “hereof” and “hereunder,” and
words of similar import when used in any Credit Document, shall be construed to refer to such Credit Document in its entirety and not to any particular provision thereof, (iv) all references in a Credit Document to Articles, Sections, Exhibits
and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, the Credit Document in which such references appear, (v) any reference to any law or regulation herein shall, unless otherwise specified,
refer to such law or regulation as amended, modified or supplemented from time to time, 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) All references herein to
the Lenders or any of them shall be deemed to include the Issuing Lender and the Swingline Lender unless specifically provided otherwise or unless the context otherwise requires. 
 (c) Notwithstanding the foregoing, calculations of the financial covenants contained in ARTICLE VII to determine whether a condition to a
Permitted Acquisition has been met, shall be determined in each case on a pro forma basis (a “Pro Forma Basis”) after giving effect to 

  

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any such Acquisition (each, a “transaction”) occurring during such period (or proposed to be consummated, as the case may be) as if such
transaction had occurred as of the first day of such period, in accordance with the following: 
 (i) any Indebtedness
incurred or assumed by any Credit Party in connection with any transaction (including any Indebtedness of a Person acquired in a Permitted Acquisition that is not retired or repaid in connection therewith) shall be deemed to have been incurred or
assumed as of the first day of the applicable period (and if such Indebtedness has a floating or formula rate, such Indebtedness shall, for purposes of such determination, have an implied rate of interest during the applicable period determined by
utilizing the rate of interest that is or would be in effect with respect to such Indebtedness as of the date of determination); 
 (ii) any Indebtedness retired or repaid in connection with any transaction (including any Indebtedness of a Person acquired in a Permitted Acquisition) shall be deemed to have been retired or repaid as of the first day of the applicable
period; and 
 (iii) income statement items (whether positive or negative) and balance sheet items attributable to the Person
or assets acquired shall (to the extent not otherwise included in the consolidated financial statements of the Parent and its Subsidiaries in accordance with GAAP or in accordance with other provisions of this Agreement) be included in such
calculations to the extent relating to the applicable period. 
 ARTICLE II 
 AMOUNT AND TERMS OF THE LOANS 
 2.1 Loans; Commitments. 
 (a) The aggregate principal amount of the Revolving Loans (each as defined in the Existing Credit Agreement) made pursuant to the Existing Credit
Agreement and outstanding on the Third Amendment Effective Date is $264,000,000 (such outstanding principal amount of the Revolving Loans, the “Existing Revolving Loans”). On the Third Amendment Effective Date, $225,000,000 of the
aggregate outstanding principal amount of Existing Revolving Loans shall automatically be consolidated and converted to a term loan in the aggregate principal amount of $225,000,000 (collectively, the “Term Loans”). The remainder of
the Existing Revolving Loans shall be continued as Revolving Loans hereunder. Schedule 1.1(a) sets forth the Term Loans of each Term Lender. To the extent repaid, the Term Loans may not be reborrowed. 
 (b) Each Revolving Credit Lender severally agrees, subject to and on the terms and conditions of this Agreement, to make loans (each, a
“Revolving Loan,” and collectively, the “Revolving Loans”) to the Borrowers, from time to time on any Business Day during the period from and including the Third Amendment Effective Date to but not including the
Revolving Credit Termination Date, in an aggregate principal amount at any time outstanding not exceeding its Revolving Credit Commitment, provided that no Borrowing of Revolving Loans shall be made if, immediately after giving effect thereto
(and to any concurrent repayment of Swingline Loans with proceeds of Revolving Loans made pursuant to such Borrowing), (y) the Revolving 

  

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Credit Exposure of any Revolving Credit Lender would exceed its Revolving Credit Commitment at such time or (z) the Aggregate Revolving Credit Exposure
would exceed the aggregate Revolving Credit Commitments at such time. Subject to and on the terms and conditions of this Agreement, the Borrowers may borrow, repay and reborrow Revolving Loans. 
 (c) The Swingline Lender agrees, subject to and on the terms and conditions of this Agreement, to make loans (each, a “Swingline Loan,”
and collectively, the “Swingline Loans”) to the Borrowers, from time to time on any Business Day during the period from the Third Amendment Effective Date to but not including the Swingline Maturity Date (or, if earlier, the
Revolving Credit Termination Date), in an aggregate principal amount at any time outstanding not exceeding the Swingline Commitment. Swingline Loans may be made even if the aggregate principal amount of Swingline Loans outstanding at any time, when
added to the aggregate principal amount of the Revolving Loans made by the Swingline Lender in its capacity as a Revolving Credit Lender outstanding at such time and its Letter of Credit Exposure at such time, would exceed the Swingline
Lender’s own Revolving Credit Commitment at such time, but provided that no Borrowing of Swingline Loans shall be made if, immediately after giving effect thereto, (x) the Revolving Credit Exposure of any Revolving Credit Lender
would exceed its Revolving Credit Commitment at such time (y) the Aggregate Revolving Credit Exposure would exceed the aggregate Revolving Credit Commitments at such time or (z) any Lender is at such time a Defaulting Lender hereunder,
unless the Swingline Lender has entered into satisfactory arrangements with the Borrowers or such Lender to eliminate the Swingline Lender’s risk with respect to such Lender. Subject to and on the terms and conditions of this Agreement, the
Borrowers may borrow, repay (including by means of a Borrowing of Revolving Loans pursuant to Section 2.2(e)) and reborrow Swingline Loans. 
 2.2 Borrowings. 
 (a) The Term Loans and Revolving Loans (each, together with the Swingline Loans, a
“Class” of Loans) shall, at the option of the Administrative Borrower and subject to the terms and conditions of this Agreement, be either Base Rate Loans or LIBOR Loans (each, a “Type” of Loan), provided that all
Loans comprising the same Borrowing shall, unless otherwise specifically provided herein, be of the same Type. The Swingline Loans shall be made and maintained as Base Rate Loans at all times. 
 (b) In order to make a Borrowing (other than (w) Borrowings of Swingline Loans, which shall be made pursuant to Section 2.2(d),
(x) Borrowings for the purpose of repaying Refunded Swingline Loans, which shall be made pursuant to Section 2.2(e), (y) Borrowings for the purpose of paying unpaid Reimbursement Obligations, which shall be made pursuant to
Section 3.5, and (z) Borrowings involving continuations or conversions of outstanding Loans, which shall be made pursuant to Section 2.11), the Administrative Borrower will give the Administrative Agent written notice
not later than 11:00 a.m., Charlotte time, three (3) Business Days prior to each Borrowing to be comprised of LIBOR Loans and the day of each Borrowing to be comprised of Base Rate Loans; provided, however, that requests for the
Borrowing of any Revolving Loans to be made on the Third Amendment Effective Date may, at the discretion of the Administrative Agent, be given with less advance notice than as specified hereinabove. Each such notice (each, a “Notice of
Borrowing”) shall be irrevocable, shall be given in the form of Exhibit B-1 and shall specify (1) the aggregate principal amount, Class and initial Type of the 

  

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Loans to be made pursuant to such Borrowing, (2) in the case of a Borrowing of LIBOR Loans, the initial Interest Period to be applicable thereto, and
(3) the requested Borrowing Date, which shall be a Business Day. Upon its receipt of a Notice of Borrowing, the Administrative Agent will promptly notify each applicable Lender of the proposed Borrowing. Notwithstanding anything to the contrary
contained herein: 
 (i) the aggregate principal amount of each Borrowing comprised of Base Rate Loans shall not be less than
$3,000,000 or, if greater, an integral multiple of $1,000,000 in excess thereof (or, in the case of a Borrowing of Revolving Loans, if less, in the amount of the aggregate Revolving Credit Commitments less the Aggregate Revolving Credit Exposure),
and the aggregate principal amount of each Borrowing comprised of LIBOR Loans shall not be less than $3,000,000 or, if greater, an integral multiple of $1,000,000 in excess thereof; 
 (ii) if the Borrowers shall have failed to designate the Type of Loans comprising a Borrowing, the Borrowers shall be deemed to have
requested a Borrowing comprised of Base Rate Loans; and 
 (iii) if the Borrowers shall have failed to select the duration of
the Interest Period to be applicable to any Borrowing of LIBOR Loans, then the Borrowers shall be deemed to have selected an Interest Period with a duration of one month. 
 (c) Not later than 2:00 p.m., Charlotte time, on the requested Borrowing Date, each applicable Lender will make available to the Administrative Agent at the Payment Office an amount, in Dollars and in immediately
available funds, equal to the amount of the Loan or Loans to be made by such Lender. Subject to Section 2.3(b), to the extent such Lenders have made such amounts available to the Administrative Agent as provided hereinabove, the
Administrative Agent will make the aggregate of such amounts available to the Borrowers in accordance with Section 2.3(a) and in like funds as received by the Administrative Agent. 
 (d) In order to make a Borrowing of a Swingline Loan, the Administrative Borrower will give the Administrative Agent (and the Swingline Lender, if the
Swingline Lender is not also the Administrative Agent) written notice not later than 12:00 noon, Charlotte time, on the date of such Borrowing. Each such notice (each, a “Notice of Swingline Borrowing”) shall be given in the form of
Exhibit B-2, shall be irrevocable and shall specify (i) the principal amount of the Swingline Loan to be made pursuant to such Borrowing (which shall not be less than $100,000 and, if greater, shall be in an integral multiple of
$100,000 in excess thereof (or, if less, in the amount of the Unutilized Swingline Commitment)) and (ii) the requested Borrowing Date, which shall be a Business Day. Not later than 1:00 p.m., Charlotte time, on the requested Borrowing Date, the
Swingline Lender will make available to the Administrative Agent at the Payment Office an amount, in Dollars and in immediately available funds, equal to the amount of the requested Swingline Loan. To the extent the Swingline Lender has made such
amount available to the Administrative Agent as provided hereinabove, the Administrative Agent will make such amount available to the Borrowers in accordance with Section 2.3(a) and in like funds as received by the Administrative Agent.

  

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 (e) With respect to any outstanding Swingline Loans, the Swingline Lender may at any time (whether or not
an Event of Default has occurred and is continuing) in its sole and absolute discretion, and is hereby authorized and empowered by the Borrowers to, cause a Borrowing of Revolving Loans to be made for the purpose of repaying such Swingline Loans by
delivering to the Administrative Agent (if the Administrative Agent is not also the Swingline Lender) and each other Revolving Credit Lender (on behalf of, and with a copy to, the Borrowers), not later than 11:00 a.m., Charlotte time, one
(1) Business Day prior to the proposed Borrowing Date therefor, a notice (which shall be deemed to be a Notice of Borrowing given by the Borrowers) requesting the Revolving Credit Lenders to make Revolving Loans (which shall be made initially
as Base Rate Loans) on such Borrowing Date in an aggregate amount equal to the amount of such Swingline Loans (the “Refunded Swingline Loans”) outstanding on the date such notice is given that the Swingline Lender requests to be
repaid. Not later than 1:00 p.m., Charlotte time, on the requested Borrowing Date, each Revolving Credit Lender (other than the Swingline Lender) will make available to the Administrative Agent at the Payment Office an amount, in Dollars and in
immediately available funds, equal to the amount of the Revolving Loan to be made by such Lender. To the extent the Revolving Credit Lenders have made such amounts available to the Administrative Agent as provided hereinabove, the Administrative
Agent will make the aggregate of such amounts available to the Swingline Lender in like funds as received by the Administrative Agent, which shall apply such amounts in repayment of the Refunded Swingline Loans. Notwithstanding any provision of this
Agreement to the contrary, on the relevant Borrowing Date, the Refunded Swingline Loans (including the Swingline Lender’s pro rata share thereof, in its capacity as a Revolving Credit Lender) shall be deemed to be repaid with the proceeds of
the Revolving Loans made as provided above (including a Revolving Loan deemed to have been made by the Swingline Lender), and such Refunded Swingline Loans deemed to be so repaid shall no longer be outstanding as Swingline Loans but shall be
outstanding as Revolving Loans. If any portion of any such amount repaid (or deemed to be repaid) to the Swingline Lender shall be recovered by or on behalf of the Borrowers from the Swingline Lender in any bankruptcy, insolvency or similar
proceeding or otherwise, the loss of the amount so recovered shall be shared ratably among all the Revolving Credit Lenders in the manner contemplated by Section 2.15(b). 
 (f) If, as a result of any bankruptcy, insolvency or similar proceeding with respect to any Borrower, Revolving Loans are not made pursuant to
Section 2.2(e) in an amount sufficient to repay any amounts owed to the Swingline Lender in respect of any outstanding Swingline Loans, or if the Swingline Lender is otherwise precluded for any reason from giving a notice on behalf of
the Borrowers as provided for hereinabove, the Swingline Lender shall be deemed to have sold without recourse, representation or warranty (except for the absence of Liens thereon created, incurred or suffered to exist by, through or under the
Swingline Lender), and each Revolving Credit Lender shall be deemed to have purchased and hereby agrees to purchase, a participation in such outstanding Swingline Loans in an amount equal to its pro rata share (based on the proportion that its
Revolving Credit Commitment bears to the aggregate Revolving Credit Commitments at such time) of the unpaid amount thereof together with accrued interest thereon. Upon one (1) Business Day’s prior notice from the Swingline Lender, each
Revolving Credit Lender (other than the Swingline Lender) will make available to the Administrative Agent at the Payment Office an amount, in Dollars and in immediately available funds, equal to its respective participation. To the extent the
Revolving Credit Lenders have made such amounts available to the Administrative Agent as provided hereinabove, the Administrative Agent will make the 

  

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aggregate of such amounts available to the Swingline Lender in like funds as received by the Administrative Agent. In the event any such Revolving Credit
Lender fails to make available to the Administrative Agent the amount of such Lender’s participation as provided in this Section 2.2(f), the Swingline Lender shall be entitled to recover such amount on demand from such Lender,
together with interest thereon for each day from the date such amount is required to be made available for the account of the Swingline Lender until the date such amount is made available to the Swingline Lender at the Federal Funds Rate for the
first three (3) Business Days and thereafter at the Adjusted Base Rate applicable to Revolving Loans. Promptly following its receipt of any payment by or on behalf of the Borrowers in respect of a Swingline Loan, the Swingline Lender will pay
to each Revolving Credit Lender that has acquired a participation therein such Lender’s pro rata share of such payment. 
 (g)
Notwithstanding any provision of this Agreement to the contrary, the obligation of each Revolving Credit Lender (other than the Swingline Lender) to make Revolving Loans for the purpose of repaying any Refunded Swingline Loans pursuant to
Section 2.2(e) and each such Lender’s obligation to purchase a participation in any unpaid Swingline Loans pursuant to Section 2.2(f) shall be absolute and unconditional and shall not be affected by any circumstance or
event whatsoever, including, without limitation, (i) any set-off, counterclaim, recoupment, defense or other right that such Lender may have against the Swingline Lender, the Administrative Agent, the Borrowers or any other Person for any
reason whatsoever, (ii) the occurrence or continuance of any Default or Event of Default, (iii) the failure of the amount of such Borrowing of Revolving Loans to meet the minimum Borrowing amount specified in Section 2.2(b), or
(iv) the failure of any conditions set forth in Section 4.2 or elsewhere herein to be satisfied. 
 2.3 Disbursements;
Funding Reliance; Domicile of Loans. 
 (a) The Borrowers hereby authorize the Administrative Agent to disburse the proceeds of each
Borrowing in accordance with the terms of any written instructions from any Authorized Officer of the Borrowers, provided that the Administrative Agent shall not be obligated under any circumstances to forward amounts to any account not
listed in an Account Designation Letter. The Borrowers may at any time deliver to the Administrative Agent an Account Designation Letter listing any additional accounts or deleting any accounts listed in a previous Account Designation Letter.

 (b) Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that such Lender
will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.2 or
Section 3.5 and may, in reliance upon such assumption, make available to the Borrowers a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent,
then the applicable Lender and the Borrowers severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is made available to the
Borrowers to but excluding the date of payment to the Administrative Agent, at (i) in the case of a payment to be made by such Lender, the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with

  

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banking industry rules on interbank compensation and (ii) in the case of a payment to be made by the Borrowers the Adjusted Base Rate. If the Borrowers
and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrowers the amount of such interest paid by the Borrowers for such period. If such
Lender pays its share of the applicable Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such Borrowing. Any payment by the Borrowers shall be without prejudice to any claim the
Borrowers may have against a Lender that shall have failed to make such payment to the Administrative Agent. 
 (c) The obligations of the
Lenders hereunder to make Loans, to fund participations in Letters of Credit and Swingline Loans and to make payments pursuant to Section 11.1(c) are several and not joint. The failure of any Lender to make any Loan, to fund any such
participation or to make any such payment on any date shall not relieve any other Lender of its corresponding obligation, if any, hereunder to do so on such date, but no Lender shall be responsible for the failure of any other Lender to so make its
Loan, purchase its participation or to make any such payment required hereunder. 
 (d) Each Lender may, at its option, make and maintain any
Loan at, to or for the account of any of its Lending Offices, provided that any exercise of such option shall not affect the obligation of the Borrowers to repay such Loan to or for the account of such Lender in accordance with the terms of
this Agreement. 
 2.4 Evidence of Debt; Notes. 
 (a) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrowers to the applicable Lending Office of such Lender resulting from each Loan made by
such Lending Office of such Lender from time to time, including the amounts of principal and interest payable and paid to such Lending Office of such Lender from time to time under this Agreement. 
 (b) The Administrative Agent shall maintain the Register pursuant to Section 11.6(c), and a subaccount for each Lender, in which Register and
subaccounts (taken together) shall be recorded (i) the amount of each such Loan and Type of each such Loan and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and
payable from the Borrowers to each Lender hereunder in respect of each such Loan and (iii) the amount of any sum received by the Administrative Agent hereunder from the Borrowers in respect of each such Loan and each Lender’s share
thereof. 
 (c) The entries made in the accounts, Register and subaccounts maintained pursuant to Section 2.4(b) (and, if
consistent with the entries of the Administrative Agent, Section 2.4(a)) shall, to the extent permitted by applicable law, be prima facie evidence of the existence and amounts of the obligations of the Borrowers therein recorded, absent
manifest error; provided, however, that the failure of any Lender or the Administrative Agent to maintain such account, such Register or such subaccount, as applicable, or any error therein, shall not in any manner affect the
obligation of the Borrowers to repay (with applicable interest) the Loans made to the Borrowers by such Lender in accordance with the terms of this Agreement. 
  

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 (d) The Loans made by each Lender shall, if requested by the applicable Lender (which request shall be
made to the Administrative Agent), be evidenced (i) in the case of Term Loans, by a Term Note appropriately completed in substantially the form of Exhibit A-3, (ii) in the case of Revolving Loans, by a Revolving Note appropriately
completed in substantially the form of Exhibit A-1, and (ii) in the case of the Swingline Loans, by a Swingline Note appropriately completed in substantially the form of Exhibit A-2, in each case executed by the
Borrowers and payable to the order of such Lender. Each Note shall be entitled to all of the benefits of this Agreement and the other Credit Documents and shall be subject to the provisions hereof and thereof. 
 2.5 Termination and Reduction of Revolving Credit Commitments and Swingline Commitment. 
 (a) The Revolving Credit Commitments shall be automatically and permanently terminated on the Revolving Credit Termination Date, unless sooner terminated
pursuant to any other provision of this Section 2.5 or Section 9.2. The Swingline Commitment shall be automatically and permanently terminated on the Swingline Maturity Date, unless sooner terminated pursuant to any other
provision of this Section 2.5 or Section 9.2. 
 (b) At any time and from time to time after the date hereof, upon
not less than three (3) Business Days’ prior written notice to the Administrative Agent (and in the case of a termination or reduction of the Unutilized Swingline Commitment, the Swingline Lender), the Borrowers may terminate in whole or
reduce in part the aggregate Unutilized Revolving Credit Commitments or the Unutilized Swingline Commitment, provided that any such partial reduction shall be in an aggregate amount of not less than $5,000,000 ($500,000 in the case of the
Unutilized Swingline Commitment) or, if greater, an integral multiple of $1,000,000 in excess thereof ($100,000 in the case of the Unutilized Swingline Commitment). The amount of any termination or reduction made under this
Section 2.5(b) may not thereafter be reinstated. 
 (c) Each reduction of the Revolving Credit Commitments pursuant to this
Section shall be applied ratably among the Revolving Credit Lenders according to their respective Revolving Credit Commitments. Notwithstanding any provision of this Agreement to the contrary, any reduction of the Revolving Credit Commitments
pursuant to this Section 2.5 that has the effect of reducing the aggregate Revolving Credit Commitments to an amount less than the amount of the Swingline Commitment or the Letter of Credit Subcommitment at such time shall result in an
automatic corresponding reduction of the Swingline Commitment or the Letter of Credit Subcommitment, as the case may be, to the amount of the aggregate Revolving Credit Commitments (as so reduced), without any further action on the part of the
Borrowers, the Swingline Lender or any other Lender. 
  

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 2.6 Mandatory Payments and Prepayments. 
 (a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the Borrower will repay the aggregate outstanding principal of
the Term Loans on the dates and in the amounts set forth below: 
  

				
	 Date
	  	Payment Amount
	 April 30, 2010
	  	$	25,000,000
	 April 30, 2011
	  	$	30,000,000
	 Maturity Date
	  	$	170,000,000

 (b) Except to the extent due or paid sooner pursuant to the provisions of this Agreement,
(i) the aggregate outstanding principal of the Term Loans shall be due and payable in full on the Maturity Date, (ii) the aggregate outstanding principal of the Revolving Loans shall be due and payable in full on the Maturity Date, and
(ii) the aggregate outstanding principal of the Swingline Loans shall be due and payable in full on the Swingline Maturity Date. 
 (c)
In the event that, at any time, the Aggregate Revolving Credit Exposure (excluding the aggregate amount of any Swingline Loans to be repaid with proceeds of Revolving Loans made on the date of determination) shall exceed the aggregate Revolving
Credit Commitments at such time (after giving effect to any concurrent termination or reduction thereof), the Borrowers will immediately prepay the outstanding principal amount of the Swingline Loans and, to the extent of any excess remaining after
prepayment in full of outstanding Swingline Loans, the outstanding principal amount of the Revolving Loans in the amount of such excess; provided that, to the extent such excess amount is greater than the aggregate principal amount of
Swingline Loans and Revolving Loans outstanding immediately prior to the application of such prepayment, the amount so prepaid shall be retained by the Administrative Agent and held in the Cash Collateral Account as cover for Letter of Credit
Exposure, as more particularly described in Section 3.8, and thereupon such cash shall be deemed to reduce the aggregate Letter of Credit Exposure by an equivalent amount. 
 (d) Promptly upon (and in any event not later than one Business Day after) receipt thereof by any Credit Party, the Parent will prepay the outstanding
principal amount of the Loans in an amount equal to 100% of the Net Cash Proceeds from any Equity Issuance and 100% of the Net Cash Proceeds from any Debt Issuance, and will deliver to the Administrative Agent, concurrently with such prepayment, a
certificate signed by a Financial Officer of the Administrative Borrower in form and substance satisfactory to the Administrative Agent and setting forth the calculation of such Net Cash Proceeds. 
 (e) Not later than 90 days after receipt by any Credit Party of proceeds in respect of any Asset Disposition other than an Excluded Asset Disposition
(or, if earlier, upon its determination not to apply such proceeds to the acquisition of assets used or useable in the business of the Parent and its Subsidiaries), the Parent will prepay the outstanding principal amount of the Loans in an amount
equal to 100% of the Net Cash Proceeds from such Asset Disposition (less any amounts theretofore applied (or contractually committed to be applied) to acquire assets used or useable in the business of the Parent and its Subsidiaries) and will
deliver to the Administrative Agent, concurrently with such prepayment, a certificate signed by a Financial Officer of the Parent in form and substance reasonably satisfactory to the Administrative Agent and setting forth the calculation of such Net
Cash Proceeds; provided, however, that any such Net Cash Proceeds not applied (or contractually committed to be applied) within 90 days to the acquisition of other assets as provided herein shall be applied by the Parent as a prepayment of the
outstanding principal amount of the Loans no later than the first Business Day immediately following such 90-day period. Notwithstanding the foregoing, nothing in this Section 2.6(e) shall be deemed to permit any Asset Disposition not
expressly permitted under Section 8.1. 
  

 34 

 (f) Concurrently with the delivery of its annual financial statements after the end of each fiscal year,
beginning with fiscal year ending April 30, 2010, and in any event not later than 90 days after the last day of each such fiscal year, the Parent will prepay the outstanding principal amount of the Loans in an amount equal to 50% of Excess Cash
Flow, if any, for such fiscal year and will deliver to the Administrative Agent, concurrently with such prepayment, a certificate signed by a Financial Officer of the Parent in form and substance reasonably satisfactory to the Administrative Agent
and setting forth the calculation of such Excess Cash Flow. 
 (g) Each prepayment of the Loans made pursuant to Sections 2.6(d)
through Section 2.6(f) shall be applied (i) first, to reduce the outstanding principal amount of the Term Loans, with such reduction to be applied to the remaining scheduled principal payments in each instance in the inverse order
of maturity, (ii) second, to the extent of any excess remaining after application as provided in clause (i) above, to reduce the outstanding principal amount of the Swingline Loans (with a corresponding permanent reduction of the Revolving
Credit Commitments), (iii) third, to the extent of any excess remaining after application as provided in clauses (i) and (ii) above, to reduce the outstanding principal amount of the Revolving Loans (with a corresponding permanent
reduction of the Revolving Credit Commitments), and (iv) fourth, to the extent of any excess remaining after application as provided in clauses (i), (ii) and (iii) above, to pay any outstanding Reimbursement Obligations and, to
the extent of any excess remaining, to cash collateralize Letter of Credit Exposure. Each payment or prepayment pursuant to the provisions of this Section 2.6 shall be applied ratably among the Lenders holding the Loans being prepaid, in
proportion to the principal amount held by each. Each payment or prepayment of a LIBOR Loan made pursuant to the provisions of this Section on a day other than the last day of the Interest Period applicable thereto shall be made together with all
amounts required under Section 2.18 to be paid as a consequence thereof. 
 2.7 Voluntary Prepayments. 
 (a) At any time and from time to time, the Borrowers shall have the right to prepay the Loans, in whole or in part, without premium or penalty (except as
provided in clause (iii) below), upon written notice given to the Administrative Agent not later than 11:00 a.m., Charlotte time, three (3) Business Days prior to each intended prepayment of LIBOR Loans and one (1) Business Day prior
to each intended prepayment of Base Rate Loans (other than Swingline Loans, which may be prepaid on a same-day basis), provided that (i) each partial prepayment of LIBOR Loans shall be in an aggregate principal amount of not less than
$3,000,000 or, if greater, an integral multiple of $1,000,000 in excess thereof, and each partial prepayment of Base Rate Loans shall be in an aggregate principal amount of not less than $3,000,000 or, if greater, an integral multiple of $1,000,000
in excess thereof ($100,000 and $100,000, respectively, in the case of Swingline Loans), (ii) no partial prepayment of LIBOR Loans made pursuant to any single Borrowing shall reduce the aggregate outstanding principal amount of the remaining
LIBOR Loans under such Borrowing to less than $3,000,000 or to any greater amount not an integral multiple of $1,000,000 in excess thereof, and (iii) unless made 

  

 35 

 
together with all amounts required under Section 2.18 to be paid as a consequence of such prepayment, a prepayment of a LIBOR Loan may be made
only on the last day of the Interest Period applicable thereto. Each such notice shall specify the proposed date of such prepayment and the aggregate principal amount, Class and Type of the Loans to be prepaid (and, in the case of LIBOR Loans, the
Interest Period of the Borrowing pursuant to which made), and shall be irrevocable and shall bind the Borrowers to make such prepayment on the terms specified therein. Revolving Loans and Swingline Loans (but not Term Loans) prepaid pursuant to this
Section 2.7(a) may be reborrowed, subject to the terms and conditions of this Agreement. In the event the Administrative Agent receives a notice of prepayment under this Section, the Administrative Agent will give prompt notice thereof
to the Lenders; provided that if such notice has also been furnished to the Lenders, the Administrative Agent shall have no obligation to notify the Lenders with respect thereto. 
 (b) Each prepayment of the Term Loans made pursuant to Section 2.7(a) shall be applied to reduce the outstanding principal amount of the Term
Loans, with such reduction to be applied to the remaining scheduled principal payments in each instance in the inverse order of maturity. Each prepayment of the Loans made pursuant to Section 2.7(a) shall be applied ratably among the
Lenders holding the Loans being prepaid, in proportion to the principal amount held by each. 
 2.8 Interest. 
 (a) The Borrowers will pay interest in respect of the unpaid principal amount of each Loan, from the date of Borrowing thereof until such principal
amount shall be paid in full, (i) at the Adjusted Base Rate, as in effect from time to time during such periods as such Loan is a Base Rate Loan, and (ii) at the Adjusted LIBOR Rate, as in effect from time to time during such periods as
such Loan is a LIBOR Loan. 
 (b) Upon the occurrence and during the continuance of an Event of Default under Section 9.1(a), and (at
the election of the Required Lenders) upon the occurrence and during the continuance of any other Event of Default, all outstanding principal amounts of the Loans and, to the greatest extent permitted by law, all interest accrued on the Loans and
all other accrued and outstanding fees and other amounts hereunder, shall bear interest at a rate per annum equal to the interest rate applicable from time to time thereafter to such Loans (whether the Adjusted Base Rate or the Adjusted LIBOR Rate)
plus 2% (or, in the case of interest, fees and other amounts for which no rate is provided hereunder, at the Adjusted Base Rate plus 2%), and, in each case, such default interest shall be payable on demand. To the greatest extent permitted by law,
interest shall continue to accrue after the filing by or against any Borrower of any petition seeking any relief in bankruptcy or under any law pertaining to insolvency or debtor relief. 
 (c) Accrued (and theretofore unpaid) interest shall be payable as follows: 
 (i) in respect of each Base Rate Loan (including any Base Rate Loan or portion thereof paid or prepaid pursuant to the provisions of
Section 2.6, except as provided hereinbelow), in arrears on the last Business Day of each calendar quarter, beginning with the first such day to occur after the Closing Date; provided, that in the event the Loans are repaid or
prepaid in full and the Revolving Credit Commitments have been terminated, then accrued interest in respect of all Base Rate Loans shall be payable together with such repayment or prepayment on the date thereof; 
  

 36 

 (ii) in respect of each LIBOR Loan (including any LIBOR Loan or portion thereof paid or
prepaid pursuant to the provisions of Section 2.6, except as provided hereinbelow), in arrears (y) on the last Business Day of the Interest Period applicable thereto (subject to the provisions of Section 2.10(iv)) and
(z) in addition, in the case of a LIBOR Loan with an Interest Period having a duration of six months or longer, on each date on which interest would have been payable under clause (y) above had successive Interest Periods of three
months’ duration been applicable to such LIBOR Loan; provided, that in the event all LIBOR Loans made pursuant to a single Borrowing are repaid or prepaid in full, then accrued interest in respect of such LIBOR Loans shall be payable
together with such repayment or prepayment on the date thereof; and 
 (iii) in respect of any Loan, at maturity (whether
pursuant to acceleration or otherwise) and, after maturity, on demand. 
 (d) Nothing contained in this Agreement or in any other Credit
Document shall be deemed to establish or require the payment of interest to any Lender at a rate in excess of the maximum rate permitted by applicable law. If the amount of interest payable for the account of any Lender on any interest payment date
would exceed the maximum amount permitted by applicable law to be charged by such Lender, the amount of interest payable for its account on such interest payment date shall be automatically reduced to such maximum permissible amount. In the event of
any such reduction affecting any Lender, if from time to time thereafter the amount of interest payable for the account of such Lender on any interest payment date would be less than the maximum amount permitted by applicable law to be charged by
such Lender, then the amount of interest payable for its account on such subsequent interest payment date shall be automatically increased to such maximum permissible amount, provided that at no time shall the aggregate amount by which
interest paid for the account of any Lender has been increased pursuant to this sentence exceed the aggregate amount by which interest paid for its account has theretofore been reduced pursuant to the previous sentence. 
 (e) The Administrative Agent shall promptly notify the Borrowers and the Lenders upon determining the interest rate for each Borrowing of LIBOR Loans
after its receipt of the relevant Notice of Borrowing or Notice of Conversion/Continuation, and upon each change in the Base Rate; provided, however, that the failure of the Administrative Agent to provide the Borrowers or the Lenders
with any such notice shall neither affect any obligations of the Borrowers or the Lenders hereunder nor result in any liability on the part of the Administrative Agent to the Borrowers or any Lender. Each such determination (including each
determination of the Reserve Requirement) shall, absent manifest error, be conclusive and binding on all parties hereto. 
 (f) In the event
that any financial statement or Compliance Certificate delivered pursuant to Section 5.11, 6.1 or 6.2 is shown to be inaccurate (regardless of whether this Agreement or the Revolving Commitments are in effect when such
inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Percentage for any period (an “Applicable Period”) than the Applicable Percentage applied for 

  

 37 

 
such Applicable Period, then the Borrower shall immediately (i) deliver to the Administrative Agent a correct Compliance Certificate for such Applicable
Period, (ii) determine the Applicable Percentage for such Applicable Period based upon the corrected Compliance Certificate, and (iii) immediately pay to the Administrative Agent the accrued additional interest owing as a result of such
increased Applicable Percentage for such Applicable Period, which payment shall be promptly applied by the Administrative Agent in accordance with Section 2.12(e). This Section 2.8(f) is in addition to the rights of the
Administrative Agent and Lenders with respect to Sections 2.8(b) and 9.1 and other respective rights under this Agreement. 
 2.9 Fees. The Borrowers agree to pay: 
 (a) To the Arranger and Wachovia, for their own respective accounts, on the Closing
Date, the fees required under the Fee Letter to be paid to them on the Closing Date, in the amounts due and payable on the Closing Date as required by the terms thereof; 
 (b) To the Administrative Agent, for the account of each Revolving Credit Lender, a commitment fee for each calendar quarter (or portion thereof) for the period from the date of this Agreement to the Revolving Credit
Termination Date, at a per annum rate equal to the Applicable Percentage in effect for such fee from time to time during such quarter on such Lender’s pro rata share (based on the proportion that its Revolving Credit Commitment bears to the
aggregate Revolving Credit Commitments) of the average daily aggregate Unutilized Revolving Credit Commitments (excluding clause (iii) of the definition thereof for purposes of this Section 2.9(b) only), payable in arrears
(i) on the last Business Day of each calendar quarter, beginning with the first such day to occur after the Closing Date, and (ii) on the Revolving Credit Termination Date; 
 (c) To the Administrative Agent, for the account of each Revolving Credit Lender, a letter of credit fee for each calendar quarter (or portion thereof)
in respect of all Letters of Credit outstanding during such quarter, at a per annum rate equal to the Applicable Percentage in effect from time to time during such quarter for Revolving Loans that are maintained as LIBOR Loans, on such Lender’s
pro rata share (based on the proportion that its Revolving Credit Commitment bears to the aggregate Revolving Credit Commitments) of the daily average aggregate Stated Amount of such Letters of Credit, payable in arrears (i) on the last
Business Day of each calendar quarter, beginning with the first such day to occur after the Closing Date, and (ii) on the later of the Revolving Credit Termination Date and the date of termination of the last outstanding Letter of Credit;

 (d) To the Issuing Lender, for its own account, a facing fee for each calendar quarter (or portion thereof) in respect of all Letters of
Credit outstanding during such quarter, at a per annum rate of 0.125% on the daily average aggregate Stated Amount of such Letters of Credit, payable in arrears (i) on the last Business Day of each calendar quarter, beginning with the first
such day to occur after the Closing Date, and (ii) on the later of the Revolving Credit Termination Date and the date of termination of the last outstanding Letter of Credit; 
 (e) To the Issuing Lender, for its own account, such commissions, transfer fees and other fees and charges incurred in connection with the issuance and
administration of each Letter of Credit as are customarily charged from time to time by the Issuing Lender for the performance of such services in connection with similar letters of credit, or as may be otherwise agreed to by the Issuing Lender, but
without duplication of amounts payable under Section 2.9(d); and 
  

 38 

 (f) To the Administrative Agent, for its own account, the annual administrative fee described in the Fee
Letter, on the terms, in the amount and at the times set forth therein. 
 2.10 Interest Periods. Concurrently with the giving of a
Notice of Borrowing or Notice of Conversion/Continuation in respect of any Borrowing comprised of Base Rate Loans to be converted into, or LIBOR Loans to be continued as, LIBOR Loans, the Borrowers shall have the right to elect, pursuant to such
notice, the interest period (each, an “Interest Period”) to be applicable to such LIBOR Loans, which Interest Period shall, at the option of the Borrowers, be a one, two, three or six-month period; provided, however,
that: 
 (i) all LIBOR Loans comprising a single Borrowing shall at all times have the same Interest Period; 
 (ii) the initial Interest Period for any LIBOR Loan shall commence on the date of the Borrowing of such LIBOR Loan (including the date of
any continuation of, or conversion into, such LIBOR Loan), and each successive Interest Period applicable to such LIBOR Loan shall commence on the day on which the next preceding Interest Period applicable thereto expires; 
 (iii) LIBOR Loans may not be outstanding under more than ten (10) separate Interest Periods at any one time (for which purpose
Interest Periods shall be deemed to be separate even if they are coterminous); 
 (iv) if any Interest Period otherwise would
expire on a day that is not a Business Day, such Interest Period shall expire on the next succeeding Business Day unless such next succeeding Business Day falls in another calendar month, in which case such Interest Period shall expire on the next
preceding Business Day; 
 (v) no Interest Period may be selected with respect to the Term Loans that would end after a
scheduled date for repayment of principal of the Term Loans occurring on or after the first day of such Interest Period unless, immediately after giving effect to such selection, the aggregate principal amount of Term Loans that are Base Rate Loans
or that have Interest Periods expiring on or before such principal repayment date equals or exceeds the principal amount required to be paid on such principal repayment date; 
 (vi) the Borrowers may not select any Interest Period that expires after the Maturity Date, with respect to Loans that are to be
maintained as LIBOR Loans; 
 (vii) if any Interest Period begins on a day for which there is no numerically corresponding day
in the calendar month during which such Interest Period would otherwise expire, such Interest Period shall expire on the last Business Day of such calendar month; and 
 (viii) the Borrowers may not select any Interest Period (and consequently, no LIBOR Loans shall be made) if a Default or Event of Default
shall have occurred and be continuing at the time of such Notice of Borrowing or Notice of Conversion/Continuation with respect to any Borrowing. 
  

 39 

 2.11 Conversions and Continuations. 
 (a) The Borrowers shall have the right, on any Business Day occurring on or after the Closing Date, to elect (i) to convert all or a portion of the
outstanding principal amount of any Base Rate Loans of any Class into LIBOR Loans of the same Class, or to convert any LIBOR Loans of any Class the Interest Periods for which end on the same day into Base Rate Loans of the same Class, or
(ii) upon the expiration of any Interest Period, to continue all or a portion of the outstanding principal amount of any LIBOR Loans of any Class the Interest Periods for which end on the same day for an additional Interest Period,
provided that (w) any such conversion of LIBOR Loans into Base Rate Loans shall involve an aggregate principal amount of not less than $3,000,000 or, if greater, an integral multiple of $1,000,000 in excess thereof; any such conversion
of Base Rate Loans into, or continuation of, LIBOR Loans shall involve an aggregate principal amount of not less than $3,000,000 or, if greater, an integral multiple of $1,000,000 in excess thereof; and no partial conversion of LIBOR Loans made
pursuant to a single Borrowing shall reduce the outstanding principal amount of such LIBOR Loans to less than $3,000,000 or to any greater amount not an integral multiple of $1,000,000 in excess thereof, (x) except as otherwise provided in
Section 2.16(f), LIBOR Loans may be converted into Base Rate Loans only on the last day of the Interest Period applicable thereto (and, in any event, if a LIBOR Loan is converted into a Base Rate Loan on any day other than the last day
of the Interest Period applicable thereto, the Borrowers will pay, upon such conversion, all amounts required under Section 2.18 to be paid as a consequence thereof), (y) no such conversion or continuation shall be permitted with
regard to any Base Rate Loans that are Swingline Loans, and (z) no conversion of Base Rate Loans into LIBOR Loans or continuation of LIBOR Loans shall be permitted during the continuance of a Default or Event of Default. 
 (b) The Borrowers shall make each such election by giving the Administrative Agent written notice from the Administrative Borrower not later than 11:00
a.m., Charlotte time, three (3) Business Days prior to the intended effective date of any conversion of Base Rate Loans into, or continuation of, LIBOR Loans and one (1) Business Day prior to the intended effective date of any conversion
of LIBOR Loans into Base Rate Loans. Each such notice (each, a “Notice of Conversion/Continuation”) shall be irrevocable, shall be given in the form of Exhibit B-3 and shall specify (x) the date of such conversion
or continuation (which shall be a Business Day), (y) in the case of a conversion into, or a continuation of, LIBOR Loans, the Interest Period to be applicable thereto, and (z) the aggregate amount and Type of the Loans being converted or
continued. Upon the receipt of a Notice of Conversion/Continuation, the Administrative Agent will promptly notify each applicable Lender of the proposed conversion or continuation. In the event that the Borrowers shall fail to deliver a Notice of
Conversion/Continuation as provided herein with respect to any outstanding LIBOR Loans, such LIBOR Loans shall automatically be converted to Base Rate Loans upon the expiration of the then current Interest Period applicable thereto (unless repaid
pursuant to the terms hereof). In the event the Borrowers shall have failed to select in a Notice of Conversion/Continuation the duration of the Interest Period to be applicable to any conversion into, or continuation of, LIBOR Loans, then the
Borrowers shall be deemed to have selected an Interest Period with a duration of one month. 
  

 40 

 2.12 Method of Payments; Computations; Apportionment of Payments. 
 (a) All payments by the Borrowers hereunder shall be made without setoff, counterclaim or other defense, in Dollars and in immediately available funds to
the Administrative Agent, for the account of the Lenders entitled to such payment or the Swingline Lender, as the case may be (except as otherwise expressly provided herein as to payments required to be made directly to the Issuing Lender or the
Lenders) at the Payment Office prior to 12:00 noon, Charlotte time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon, Charlotte time (or such later time as the Administrative Agent shall agree), shall be
deemed to have been made on the next succeeding Business Day. If any payment falls due on a day that is not a Business Day, then such due date shall be extended to the next succeeding Business Day (except that in the case of LIBOR Loans to which the
provisions of Section 2.10(iv) are applicable, such due date shall be the next preceding Business Day), and such extension of time shall then be included in the computation of payment of interest, fees or other applicable amounts.

 (b) The Administrative Agent will distribute to the Lenders like amounts relating to payments made to the Administrative Agent for the
account of the Lenders as follows: (i) if the payment is received by 12:00 noon, Charlotte time, in immediately available funds, the Administrative Agent will make available to each relevant Lender on the same date, by wire transfer of
immediately available funds, such Lender’s pro rata share of such payment (based on the percentage that the amount of the relevant payment owing to such Lender bears to the total amount of such payment owing to all of the relevant Lenders), and
(ii) if such payment is received after 12:00 noon, Charlotte time, or in other than immediately available funds, the Administrative Agent will make available to each such Lender its pro rata share of such payment by wire transfer of immediately
available funds on the next succeeding Business Day (or in the case of uncollected funds, as soon as practicable after collected). Notwithstanding the foregoing or any contrary provision hereof, if any Lender shall fail to make any payment required
to be made by it hereunder to the Administrative Agent, the Issuing Lender or the Swingline Lender, then the Administrative Agent may, in its sole discretion, apply any amounts thereafter received by the Administrative Agent for the account of such
Lender to satisfy such Lender’s obligations to the Administrative Agent, the Issuing Lender or the Swingline Lender, as the case may be, until all such unsatisfied obligations are fully paid. If the Administrative Agent shall not have made a
required distribution to the appropriate Lenders as required hereinabove after receiving a payment for the account of such Lenders, the Administrative Agent will pay to each such Lender, on demand, its pro rata share of such payment with interest
thereon at the Federal Funds Rate for each day from the date such amount was required to be disbursed by the Administrative Agent until the date repaid to such Lender. The Administrative Agent will distribute to the Issuing Lender like amounts
relating to payments made to the Administrative Agent for the account of the Issuing Lender in the same manner, and subject to the same terms and conditions, as set forth hereinabove with respect to distributions of amounts to the Lenders.

 (c) Unless the Administrative Agent shall have received notice from the Borrowers prior to the date on which any payment is due to the
Administrative Agent for the account of the Lenders or the Issuing Lender hereunder that the Borrowers will not make such payment, the Administrative Agent may assume that the Borrowers have made such payment on such date in accordance herewith and
may, in reliance upon such assumption, distribute to the Lenders or the 

  

 41 

 
Issuing Lender, as the case may be, the amount due. In such event, if the Borrowers have not in fact made such payment, then each of the Lenders or the
Issuing Lender, 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 Issuing Lender, with interest thereon, for each day from and including the date such amount
is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.

 (d) All computations of interest and fees hereunder (including computations of the Reserve Requirement) shall be made on the basis of a
year consisting of (i) in the case of interest on Base Rate Loans, 365/366 days, as the case may be, or (ii) in all other instances, 360 days; and in each case under (i) and (ii) above, with regard to the actual number of days
(including the first day, but excluding the last day) elapsed. 
 (e) Notwithstanding any other provision of this Agreement or any other
Credit Document to the contrary, all amounts collected or received by the Administrative Agent or any Lender after acceleration of the Loans pursuant to Section 9.2 or in respect of any sale of, collection from or other realization upon
all or any part of the Collateral pursuant to the exercise by the Administrative Agent of its remedies shall be applied by the Administrative Agent as follows: 
 (i) first, to the payment of all reasonable out-of-pocket costs and expenses (including, without limitation, reasonable
attorneys’ and consultants’ fees irrespective of whether such fees are allowed as a claim after the occurrence of a Bankruptcy Event) of the Administrative Agent in connection with enforcing the rights of the Lenders under the Credit
Documents and any protective advances made by the Administrative Agent with respect to the Collateral under or pursuant to the terms of the Security Documents; 
 (ii) second, to the payment of any fees owed to the Administrative Agent hereunder or under any other Credit Document; 

(iii) third, to the payment of all reasonable and documented out-of-pocket costs and expenses (including, without limitation,
reasonable attorneys’ and consultants’ fees irrespective of whether such fees are allowed as a claim after the occurrence of a Bankruptcy Event) of each of the Lenders in connection with enforcing its rights under the Credit Documents or
otherwise with respect to the Obligations owing to such Lender; 
 (iv) fourth, to the payment of all of the
Obligations consisting of accrued fees and interest (including, without limitation, fees incurred and interest accruing at the then applicable rate after the occurrence of a Bankruptcy Event irrespective of whether a claim for such fees incurred and
interest accruing is allowed in such proceeding), and including with respect to any Hedge Agreement between any Credit Party and any Hedge Party (to the extent such Hedge Agreement is required or permitted hereunder), any fees, premiums and
scheduled periodic payments due under such Hedge Agreement prior to any termination thereof and any interest accrued thereon; 
  

 42 

 (v) fifth, to the payment of the outstanding principal amount of the Obligations
(including the payment of any outstanding Reimbursement Obligations and the obligation to cash collateralize Letter of Credit Exposure), and including with respect to any Hedge Agreement between any Credit Party and any Hedge Party (to the extent
such Hedge Agreement is required or permitted hereunder), any breakage, termination or other payments due under such Hedge Agreement and any interest accrued thereon; 
 (vi) sixth, to the payment of all other Obligations and other obligations that shall have become due and payable under the Credit
Documents or otherwise and not repaid; and 
 (vii) seventh, to the payment of the surplus (if any) to whomever may be
lawfully entitled to receive such surplus. 
 In carrying out the foregoing, (x) amounts received shall be applied in the numerical order provided until
exhausted prior to application to the next succeeding category, (y) all amounts shall be apportioned ratably among the Lenders or Hedge Parties in proportion to the amounts of such principal, interest, fees or other Obligations owed to them
respectively pursuant to clauses (iii) through (vii) above, and (z) to the extent that any amounts available for distribution pursuant to clause (v) above are attributable to the issued but undrawn amount of outstanding Letters
of Credit, such amounts shall be held by the Administrative Agent to cash collateralize Letter of Credit Exposure pursuant to Section 3.8. 
 2.13 Recovery of Payments. 
 (a) The Borrowers agree that to the extent the Borrowers make a payment
or payments to or for the account of the Administrative Agent, the Swingline Lender, any Lender or the Issuing Lender, which payment or payments or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside
or required to be repaid to a trustee, receiver or any other party under any bankruptcy, insolvency or similar state or federal law, common law or equitable cause (whether as a result of any demand, settlement, litigation or otherwise), then, to the
extent of such payment or repayment, the Obligation intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been received. 
 (b) If any amounts distributed by the Administrative Agent to any Lender are subsequently returned or repaid by the Administrative Agent to the
Borrowers, their representatives or successors in interest, or any other Person, whether by court order, by settlement approved by the Lender in question, or pursuant to applicable Requirements of Law, such Lender will, promptly upon receipt of
notice thereof from the Administrative Agent, pay the Administrative Agent such amount. If any such amounts are recovered by the Administrative Agent from the Borrowers, their representatives or successors in interest or such other Person, the
Administrative Agent will redistribute such amounts to the Lenders on the same basis as such amounts were originally distributed. 
 2.14
Use of Proceeds. The proceeds of the Loans shall be used (i) to pay or reimburse permitted fees and expenses in connection with the transactions contemplated hereby, and (ii) to provide for working capital and general corporate
requirements of the Borrowers and in accordance with the terms and provisions of this Agreement (including, without limitation, to finance Permitted Acquisitions). 
  

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 2.15 Pro Rata Treatment. 
 (a) Except in the case of Swingline Loans, all fundings, continuations and conversions of Loans shall be made by the Lenders pro rata on the basis of
their respective Revolving Credit Commitments to provide Loans (in the case of the funding of Loans pursuant to Section 2.2) or on the basis of their respective outstanding Loans (in the case of continuations and conversions of Loans
pursuant to Section 2.11, and additionally in all cases in the event the Revolving Credit Commitments for Loans have expired or have been terminated), as the case may be from time to time. All payments on account of principal of or
interest on any Loans, fees or any other Obligations owing to or for the account of any one or more Lenders shall be apportioned ratably among such Lenders in proportion to the amounts of such principal, interest, fees or other Obligations owed to
them respectively. 
 (b) If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of
any principal of or interest on any of its Loans or other Obligations hereunder resulting in such Lender’s receiving payment of a proportion of the aggregate amount of its Loans and accrued interest thereon or other such Obligations greater
than its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Loans and such
other Obligations of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued
interest on their respective Loans and other amounts owing them, provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded
and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this Section shall not be construed to apply to (x) any payment made by the Borrowers 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 Loans or participations in Reimbursement Obligations or Swingline Loans to any assignee or
participant, other than to the Borrowers or any Subsidiary thereof (as to which the provisions of this Section 2.15(b) shall apply). The Borrowers consent to the foregoing and agree, 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 the Borrowers rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct
creditor of the Borrowers in the amount of such participation. If under any applicable bankruptcy, insolvency or similar law, any Lender receives a secured claim in lieu of a setoff to which this Section 2.15(b) applies, such Lender
shall, to the extent practicable, exercise its rights in respect of such secured claim in a manner consistent with the rights of the Lenders entitled under this Section 2.15(b) to share in the benefits of any recovery on such secured
claim. 
  

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 2.16 Increased Costs; Change in Circumstances; Illegality. 
 (a) 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
(except the Reserve Requirement reflected in the LIBOR Rate) or the Issuing Lender; 
 (ii) subject any Lender or the Issuing
Lender 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 LIBOR Loan made by it, or change the basis of taxation of payments to such Lender or the Issuing Lender in
respect thereof (except for Indemnified Taxes or Other Taxes covered by Section 2.17 and the imposition of, or any change in the rate of, any Excluded Tax payable by such Lender or the Issuing Lender); or 
 (iii) impose on any Lender or the Issuing Lender or the London interbank market any other condition, cost or expense affecting this
Agreement or LIBOR 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 LIBOR Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or the Issuing Lender 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 Issuing Lender hereunder (whether of principal, interest or any other amount),
then, upon request of such Lender or the Issuing Lender, the Borrowers will pay to such Lender or the Issuing Lender, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Lender, as the case may be, for
such additional costs incurred or reduction suffered. 
 (b) If any Lender or the Issuing Lender determines that any Change in Law affecting
such Lender or the Issuing Lender or any Lending Office of such Lender or such Lender’s or the Issuing Lender’s holding company, if any, regarding capital requirements has or would have the effect of reducing the rate of return on such
Lender’s or the Issuing Lender’s capital or on the capital of such Lender’s or the Issuing Lender’s holding company, if any, as a consequence of this Agreement, the Revolving Credit 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 such Issuing Lender, to a level below that which such Lender or such Issuing Lender or such Lender’s or the Issuing Lender’s holding
company could have achieved but for such Change in Law (taking into consideration such Lender’s or the Issuing Lender’s policies and the policies of such Lender’s or the Issuing Lender’s holding company with respect to capital
adequacy), then from time to time the Borrowers will pay to such Lender or the Issuing Lender, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Lender or such Lender’s or the Issuing
Lender’s holding company for any such reduction suffered. 
 (c) A certificate of a Lender or the Issuing Lender setting forth the
amount or amounts necessary to compensate such Lender or the Issuing Lender or its holding company, as the case may be, as specified in Section 2.16(a) or Section 2.16(b) and delivered to the Borrowers shall be conclusive
absent manifest error. The Borrowers shall pay such Lender or the Issuing Lender, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof. 
  

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 (d) Failure or delay on the part of any Lender or the Issuing Lender to demand compensation pursuant to
the foregoing provisions of this Section shall not constitute a waiver of such Lender’s or the Issuing Lender’s right to demand such compensation, provided that the Borrowers shall not be required to compensate a Lender or the
Issuing Lender pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions suffered more than 180 days prior to the date that such Lender or the Issuing Lender, as the case may be, notifies the Borrowers of
the Change in Law giving rise to such increased costs or reductions and of such Lender’s or the Issuing Lender’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions
is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof). 
 (e) If,
on or prior to the first day of any Interest Period, (y) the Administrative Agent shall have determined that adequate and reasonable means do not exist for ascertaining the applicable LIBOR Rate for such Interest Period or (z) the
Administrative Agent shall have received written notice from the Required Lenders of their determination that the rate of interest referred to in the definition of “LIBOR Rate” upon the basis of which the Adjusted LIBOR Rate for LIBOR
Loans for such Interest Period is to be determined will not adequately and fairly reflect the cost to such Lenders of making or maintaining LIBOR Loans during such Interest Period, the Administrative Agent will forthwith so notify the Borrowers and
the Lenders. Upon such notice, (i) all then outstanding LIBOR Loans shall automatically, on the expiration date of the respective Interest Periods applicable thereto (unless then repaid in full), be converted into Base Rate Loans, (ii) the
obligation of the Lenders to make, to convert Base Rate Loans into, or to continue, LIBOR Loans shall be suspended (including pursuant to the Borrowing to which such Interest Period applies), and (iii) any Notice of Borrowing or Notice of
Conversion/Continuation given at any time thereafter with respect to LIBOR Loans shall be deemed to be a request for Base Rate Loans, in each case until the Administrative Agent or the Required Lenders, as the case may be, shall have determined that
the circumstances giving rise to such suspension no longer exist (and the Required Lenders, if making such determination, shall have so notified the Administrative Agent), and the Administrative Agent shall have so notified the Borrowers and the
Lenders. 
 (f) Notwithstanding any other provision in this Agreement, if, at any time after the date hereof and from time to time, any
Lender shall have determined in good faith that the introduction of or any change in any applicable law, rule or regulation or in the interpretation or administration thereof by any Governmental Authority charged with the interpretation or
administration thereof, or compliance with any guideline or request from any such Governmental Authority (whether or not having the force of law), has or would have the effect of making it unlawful for such Lender to make or to continue to make or
maintain LIBOR Loans, such Lender will forthwith so notify the Administrative Agent and the Borrowers. Upon such notice, (i) each of such Lender’s then outstanding LIBOR Loans shall automatically, on the expiration date of the respective
Interest Period applicable thereto (or, to the extent any such LIBOR Loan may not lawfully be maintained as a LIBOR Loan until such expiration date, upon such notice) and to the extent not sooner prepaid, be converted into a Base Rate Loan,
(ii) the obligation of such Lender to make, to convert Base Rate Loans into, or to continue, LIBOR Loans shall be suspended (including pursuant to any Borrowing for which the Administrative Agent has received a Notice of Borrowing but for which
the Borrowing Date has not arrived), and (iii) any Notice of Borrowing or Notice of Conversion/Continuation given at any time thereafter with 

  

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respect to LIBOR Loans shall, as to such Lender, be deemed to be a request for a Base Rate Loan, in each case until such Lender shall have determined that
the circumstances giving rise to such suspension no longer exist and shall have so notified the Administrative Agent, and the Administrative Agent shall have so notified the Borrowers. 
 (g) Notwithstanding anything to the contrary contained in this Section 2.16, Section 2.17 shall govern exclusively any increased costs
relating to Taxes resulting from any Change in Law. 
 2.17 Taxes. 
 (a) Any and all payments by or on account of any obligation of the Borrowers hereunder or under any other Credit Document shall be made free and clear of
and without reduction or withholding for any Indemnified Taxes or Other Taxes, provided that if the Borrowers shall be required by applicable law to deduct any Indemnified Taxes (including any Other Taxes) from such payments, then
(i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent, Lender or Issuing Lender, as the case may
be, receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrowers shall make such deductions and (iii) the Borrowers shall timely pay the full amount deducted to the relevant Governmental
Authority in accordance with applicable law. 
 (b) Without limiting the provisions of Section 2.17(a), the Borrowers shall
timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 
 (c) The Borrowers shall indemnify the
Administrative Agent, each Lender and the Issuing Lender, within ten (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) paid by the Administrative Agent, such Lender or the Issuing Lender, 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. A certificate (along with a copy of the applicable documents from the United States Internal Revenue Service or other Governmental
Authority that asserts such claim) as to the amount of such payment or liability delivered to the Borrowers by a Lender or the Issuing Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of
a Lender or the Issuing Lender, shall be conclusive absent manifest error. 
 (d) As soon as practicable after any payment of Indemnified
Taxes or Other Taxes by the Borrowers to a Governmental Authority, the Borrowers shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the
return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 
  

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 (e) Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax under the
law of the jurisdiction in which a Borrower is resident for tax purposes, or any treaty to which such jurisdiction is a party, with respect to payments hereunder or under any other Credit Document shall deliver to the Borrowers (with a copy to the
Administrative Agent), at the time or times prescribed by applicable law or reasonably requested by the Borrowers or the Administrative Agent, such properly completed and executed documentation prescribed by applicable law as will permit such
payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if requested by the Borrowers or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably
requested by the Borrowers or the Administrative Agent as will enable the Borrowers or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. 
 Without limiting the generality of the foregoing, in the event that a Borrower is resident for tax purposes in the United States, any Foreign Lender
shall deliver to the Borrowers 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 Borrowers or the Administrative Agent, but only if such Foreign Lender is legally entitled to do so), whichever of the following is applicable: 
 (i) duly completed copies 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) duly completed copies of Internal Revenue Service Form W-8ECI, 
 (iii) 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 a 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) duly completed copies of Internal Revenue Service Form W-8BEN, or 
 (iv) any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in United States Federal
withholding tax duly completed together with such supplementary documentation as may be prescribed by applicable law to permit the Borrowers to determine the withholding or deduction required to be made. 
 (f) If the Administrative Agent, any Lender or the Issuing Lender 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 the Borrowers or with respect to which the Borrowers have paid additional amounts pursuant to this Section, it shall pay to the Borrowers an amount equal to such refund (but only to the extent of
indemnity payments made, or additional amounts paid, by the Borrowers under this Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent, such Lender or the Issuing
Lender, 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 the Borrowers, upon the request of the Administrative Agent, such Lender or the
Issuing Lender, agrees to repay the 

  

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amount paid over to the Borrowers (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent,
such Lender or the Issuing Lender in the event the Administrative Agent, such Lender or the Issuing Lender is required to repay such refund to such Governmental Authority. This Section 2.17(f) shall not be construed to require the
Administrative Agent, any Lender or the Issuing Lender to make available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrowers or any other Person. 
 2.18 Compensation. The Borrowers will compensate each Lender upon demand for all losses, expenses and liabilities (including, without limitation,
any loss, expense or liability incurred by reason of the liquidation or reemployment of deposits or other funds required by such Lender to fund or maintain LIBOR Loans) that such Lender may incur or sustain (i) if for any reason (other than a
default by such Lender) a Borrowing or continuation of, or conversion into, a LIBOR Loan does not occur on a date specified therefor in a Notice of Borrowing or Notice of Conversion/Continuation, (ii) if any repayment, prepayment or conversion
of any LIBOR Loan occurs on a date other than the last day of an Interest Period applicable thereto (including as a consequence of any assignment made pursuant to Section 2.19(a) or any acceleration of the maturity of the Loans pursuant
to Section 9.2), (iii) if any prepayment of any LIBOR Loan is not made on any date specified in a notice of prepayment given by the Borrowers or (iv) as a consequence of any other failure by the Borrowers to make any payments
with respect to any LIBOR Loan when due hereunder. Calculation of all amounts payable to a Lender under this Section 2.18 shall be made as though such Lender had actually funded its relevant LIBOR Loan through the purchase of a
Eurodollar deposit bearing interest at the LIBOR Rate in an amount equal to the amount of such LIBOR Loan, having a maturity comparable to the relevant Interest Period; provided, however, that each Lender may fund its LIBOR Loans in
any manner it sees fit and the foregoing assumption shall be utilized only for the calculation of amounts payable under this Section 2.18. A certificate (which shall be in reasonable detail) showing the bases for the determinations set
forth in this Section 2.18 by any Lender as to any additional amounts payable pursuant to this Section 2.18 shall be submitted by such Lender to the Borrowers either directly or through the Administrative Agent.
Determinations set forth in any such certificate made in good faith for purposes of this Section 2.18 of any such losses, expenses or liabilities shall be conclusive absent manifest error. 
 2.19 Replacement of Lenders; Mitigation of Costs. 
 (a) The Borrowers may, at any time at their sole expense and effort, require any Lender (i) that has requested compensation from the Borrowers under Sections 2.16(a) or 2.16(b) or payments from
the Borrower under Section 2.17, (ii) the obligation of which to make or maintain LIBOR Loans has been suspended under Section 2.16(f) or (iii) that is a Defaulting Lender, in any case upon notice to such Lender and
the Administrative Agent, to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 11.6), all of its interests, rights and obligations under this
Agreement and the related Credit Documents to an assignee that shall assume such obligations (which assignee may be another Lender (but not an Affiliate of the affected Lender), if a Lender accepts such assignment); provided that: 

(i) the Borrowers shall have paid to the Administrative Agent the assignment fee specified in Section 11.6(b)(v);

  

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 (ii) such Lender shall have received payment of an amount equal to the outstanding
principal of its Loans and any funded participations in Letters of Credit and Swingline Loans not refinanced through the Borrowing of Revolving Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the
other Loan Documents (including any amounts under Section 2.18) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrowers (in the case of all other amounts); 
 (iii) in the case of any such assignment resulting from a request for compensation under Sections 2.16(a) or 2.16(b) or
payments required to be made pursuant to Section 2.17, such assignment will result in a reduction in such compensation or payments thereafter; and 
 (iv) such assignment does not conflict with applicable Requirements of Law. 
 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 Borrowers to require such assignment and delegation cease to apply. 
 (b) If any Lender requests compensation
under Sections 2.16(a) or 2.16(b), or the Borrowers are required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, or if any Lender gives a
notice pursuant to Section 2.16(f), then such Lender shall use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its
offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Sections 2.16(a), 2.16(b) or 2.17, as the case may be, in
the future, or eliminate the need for the notice pursuant to Section 2.16(f), as applicable, and (ii) in each case, would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such
Lender. The Borrowers hereby agree to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 
 ARTICLE III 
 LETTERS OF CREDIT 
 3.1 Issuance. Subject to and upon the terms and conditions herein set forth, so long as no Default or Event of Default has occurred and is
continuing, the Issuing Lender will, at any time and from time to time on and after the Closing Date and prior to the earlier of (i) the Letter of Credit Maturity Date and (ii) the Revolving Credit Termination Date, and upon request by the
Borrowers in accordance with the provisions of Section 3.2, issue for the account of the Borrowers or their Subsidiaries one or more irrevocable standby letters of credit denominated in Dollars and in a form customarily used or otherwise
approved by the Issuing Lender (together with all amendments, modifications and supplements thereto, substitutions therefor and renewals 

  

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and restatements thereof and the Existing Letters of Credit, all amendments, modifications and supplements to the Existing Letters of Credit, substitutions
for the Existing Letters of Credit and renewals and restatements of the Existing Letters of Credit, collectively, the “Letters of Credit”). The Stated Amount of each Letter of Credit shall not be less than such amount as may be
acceptable to the Issuing Lender. Notwithstanding the foregoing: 
 (a) No Letter of Credit shall be issued if the Stated Amount upon
issuance (i) when added to the aggregate Letter of Credit Exposure of the Revolving Credit Lenders at such time, would exceed the Letter of Credit Subcommitment, or (ii) when added to the Aggregate Revolving Credit Exposure, would exceed
the aggregate Revolving Credit Commitments at such time; 
 (b) Notwithstanding that a Letter of Credit issued or outstanding hereunder is in
support of any obligations of, or is for the account of, or otherwise will benefit, a Subsidiary of a Borrower, the Borrowers shall be obligated to reimburse the Issuing Lender hereunder for any and all drawings under such Letter of Credit (and the
Borrowers hereby acknowledge that the issuance of Letters of Credit for the benefit of their Subsidiaries inures to the benefit of the Borrowers and that the Borrowers’ business derives substantial benefits from the businesses of such
Subsidiaries); 
 (c) No Letter of Credit shall be issued that by its terms expires later than the Letter of Credit Maturity Date or, in any
event, more than one (1) year after its date of issuance; provided, however, that a Letter of Credit may, if requested by the Borrowers, provide by its terms, and on terms acceptable to the Issuing Lender, for renewal for
successive periods of one year or less (but not beyond the Letter of Credit Maturity Date), unless and until the Issuing Lender shall have delivered a notice of nonrenewal to the beneficiary of such Letter of Credit; and 
 (d) The Issuing Lender shall be under no obligation to issue any Letter of Credit if, at the time of such proposed issuance, (i) any order, judgment
or decree of any Governmental Authority or arbitrator shall purport by its terms to enjoin or restrain the Issuing Lender from issuing such Letter of Credit, or any Requirement of Law applicable to the Issuing Lender or any request or directive
(whether or not having the force of law) from any Governmental Authority with jurisdiction over the Issuing Lender shall prohibit, or request that the Issuing Lender refrain from, the issuance of letters of credit generally or such Letter of Credit
in particular or shall impose upon the Issuing Lender with respect to such Letter of Credit any restriction or reserve or capital requirement (for which the Issuing Lender is not otherwise compensated) not in effect on the Closing Date, or any
unreimbursed loss, cost or expense that was not applicable, in effect or known to the Issuing Lender as of the Closing Date and that the Issuing Lender in good faith deems material to it, (ii) the Issuing Lender shall have actual knowledge, or
shall have received notice from any Lender, prior to the issuance of such Letter of Credit that one or more of the conditions specified in Section 4.2 are not then satisfied (or have not been waived in writing as required herein) or that
the issuance of such Letter of Credit would violate the provisions of Section 3.1(a) or (iii) any Lender is at such time a Defaulting Lender hereunder, unless the Issuing Lender has entered into satisfactory arrangements with the
Borrowers or such Lender to eliminate the Issuing Lender’s risk with respect to such Lender. 
  

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 Notwithstanding any provision in this Agreement to the contrary, no amendment, modification or waiver of any provision of
this Article III or any terms or provisions of any Letter of Credit or any supporting documentation relating thereto shall take effect unless agreed to by the Required Revolving Credit Lenders, except for any such changes to which
Section 11.5(a) applies. 
 3.2 Notices. Whenever the Borrowers desire the issuance of a Letter of Credit, the
Administrative Borrower will give the Issuing Lender written notice with a copy to the Administrative Agent not later than 12:00 noon, Charlotte time, three (3) Business Days (or such shorter period as is acceptable to the Issuing Lender in any
given case) prior to the requested date of issuance thereof. Each such notice (each, a “Letter of Credit Notice”) shall be irrevocable, shall be given in the form of Exhibit B-4 and shall specify (i) the requested
date of issuance, which shall be a Business Day, (ii) the requested Stated Amount and expiry date of the Letter of Credit, and (iii) the name and address of the requested beneficiary or beneficiaries of the Letter of Credit. The Borrowers
will also complete any application procedures and documents reasonably required by the Issuing Lender in connection with the issuance of any Letter of Credit. Upon its issuance of any Letter of Credit, the Issuing Lender will promptly notify the
Administrative Agent of such issuance, and the Administrative Agent will give prompt notice thereof to each Revolving Credit Lender. The renewal or extension of any outstanding Letter of Credit shall, for purposes of this ARTICLE III, be
treated in all respects as the issuance of a new Letter of Credit. 
 3.3 Participations. Immediately upon the issuance of any Letter
of Credit (and effective on the date hereof with respect to the Existing Letters of Credit and without any further action by any party to this Agreement), the Issuing Lender shall be deemed to have sold and transferred to each Revolving Credit
Lender, and each Revolving Credit Lender shall be deemed irrevocably and unconditionally to have purchased and received from the Issuing Lender, without recourse or warranty (except for the absence of Liens thereon created, incurred or suffered to
exist by, through or under the Issuing Lender), an undivided interest and participation, pro rata (based on the percentage of the aggregate Revolving Credit Commitments represented by such Revolving Credit Lender’s Revolving Credit Commitment),
in such Letter of Credit, each drawing made thereunder and the obligations of the Borrowers under this Agreement with respect thereto and any Collateral or other security therefore or guaranty pertaining thereto; provided, however,
that the fee relating to Letters of Credit described in Section 2.9(d) shall be payable directly to the Issuing Lender as provided therein, and the other Revolving Credit Lenders shall have no right to receive any portion thereof. In
consideration and in furtherance of the foregoing, each Revolving Credit Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the Issuing Lender, such Lender’s pro rata share (determined as
provided above) of each Reimbursement Obligation not reimbursed by the Borrowers on the date due as provided in Section 3.4 or through the Borrowing of Revolving Loans as provided in Section 3.5 (because the conditions set
forth in Section 4.2 cannot be satisfied, or for any other reason), or of any reimbursement payment required to be refunded to the Borrowers for any reason. Upon any change in the Revolving Credit Commitments of any of the Revolving
Credit Lenders pursuant to Section 11.6(a), with respect to all outstanding Letters of Credit and Reimbursement Obligations there shall be an automatic adjustment to the participations pursuant to this Section 3.3 to reflect
the new pro rata shares of the assigning Lender and the assignee. Each Revolving Credit Lender’s obligation to make payment to the Issuing Lender pursuant to this Section 3.4 shall be absolute and 

  

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unconditional and shall not be affected by any circumstance whatsoever, including the termination of the Revolving Credit Commitments or the existence of any
Default or Event of Default, and each such payment shall be made without any offset, abatement, reduction or withholding whatsoever. 
 3.4
Reimbursement. The Borrowers hereby agree to reimburse the Issuing Lender by making payment to the Administrative Agent, for the account of the Issuing Lender, in immediately available funds, for any payment made by the Issuing Lender under
any Letter of Credit (each such amount so paid until reimbursed, together with interest thereon payable as provided hereinbelow, a “Reimbursement Obligation”) immediately upon, and in any event on the same Business Day as, the
making of such payment by the Issuing Lender (provided that any such Reimbursement Obligation shall be deemed timely satisfied (but nevertheless subject to the payment of interest thereon as provided hereinbelow) if satisfied pursuant to a
Borrowing of Revolving Loans made on the date of such payment by the Issuing Lender, as set forth more completely in Section 3.5), together with interest on the amount so paid by the Issuing Lender, to the extent not reimbursed prior to
2:00 p.m., Charlotte time, on the date of such payment or disbursement, for the period from the date of the respective payment to the date the Reimbursement Obligation created thereby is satisfied, at the Adjusted Base Rate applicable to Revolving
Loans as in effect from time to time during such period, such interest also to be payable on demand. The Issuing Lender will provide the Administrative Agent and the Borrowers with prompt notice of any payment or disbursement made or to be made
under any Letter of Credit, although the failure to give, or any delay in giving, any such notice shall not release, diminish or otherwise affect the Borrowers’ obligations under this Section 3.4 or any other provision of this
Agreement. The Administrative Agent will promptly pay to the Issuing Lender any such amounts received by it under this Section 3.4. 
 3.5 Payment by Revolving Loans. In the event that the Issuing Lender makes any payment under any Letter of Credit and the Borrowers shall not have timely satisfied in full its Reimbursement Obligation to the Issuing Lender pursuant
to Section 3.4, and to the extent that any amounts then held in the Cash Collateral Account established pursuant to Section 3.8 shall be insufficient to satisfy such Reimbursement Obligation in full, the Issuing Lender will
promptly notify the Administrative Agent, and the Administrative Agent will promptly notify each Revolving Credit Lender, of such failure. If the Administrative Agent gives such notice prior to 12:00 noon, Charlotte time, on any Business Day, each
Revolving Credit Lender will make available to the Administrative Agent, for the account of the Issuing Lender, its pro rata share (based on the percentage of the aggregate Revolving Credit Commitments represented by such Lender’s Revolving
Credit Commitment) of the amount of such payment on such Business Day in immediately available funds. If the Administrative Agent gives such notice after 12:00 noon, Charlotte time, on any Business Day, each such Revolving Credit Lender shall make
its pro rata share of such amount available to the Administrative Agent on the next succeeding Business Day. If and to the extent any Revolving Credit Lender shall not have so made its pro rata share of the amount of such payment available to the
Administrative Agent, such Lender agrees to pay to the Administrative Agent, for the account of the Issuing Lender, forthwith on demand such amount, together with interest thereon at the Federal Funds Rate for each day from such date until the date
such amount is paid to the Administrative Agent. The failure of any Revolving Credit Lender to make available to the Administrative Agent its pro rata share of any payment under any Letter of Credit shall not relieve any other Revolving Credit
Lender of its 

  

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obligation hereunder to make available to the Administrative Agent its pro rata share of any payment under any Letter of Credit on the date required, as
specified above, but no Revolving Credit Lender shall be responsible for the failure of any other Revolving Credit Lender to make available to the Administrative Agent such other Revolving Credit Lender’s pro rata share of any such payment.
Each such payment by a Revolving Credit Lender under this Section 3.5 of its pro rata share of an amount paid by the Issuing Lender shall constitute a Revolving Loan by such Revolving Credit Lender (the Borrowers being deemed to have
given a timely Notice of Borrowing therefor) and shall be treated as such for all purposes of this Agreement; provided that for purposes of determining the aggregate Unutilized Revolving Credit Commitments immediately prior to giving effect
to the application of the proceeds of such Revolving Loans, the Reimbursement Obligation being satisfied thereby shall be deemed not to be outstanding at such time. Each Revolving Credit Lender’s obligation to make Revolving Loans pursuant to
this Section 3.5 shall be absolute and unconditional and shall not be affected by any circumstance whatsoever, including, without limitation, the existence of any Default or Event of Default or the failure of the amount of such Borrowing
of Revolving Loans to meet the minimum Borrowing amount specified in Section 2.2(b); provided, however, that each Revolving Credit Lender’s obligation to make Revolving Loans pursuant to this Section 3.5 is
subject to the conditions set forth in Section 4.2 (other than delivery by the Borrowers of a Notice of Borrowing). 
 3.6
Payment to Revolving Credit Lenders. Whenever the Issuing Lender receives a payment in respect of a Reimbursement Obligation as to which the Administrative Agent has received, for the account of the Issuing Lender, any payments from the
Revolving Credit Lenders pursuant to Section 3.5, the Issuing Lender will promptly pay to the Administrative Agent, and the Administrative Agent will promptly pay to each Revolving Credit Lender that has paid its pro rata share thereof,
in immediately available funds, an amount equal to such Revolving Credit Lender’s pro rata share (based on the proportionate amount funded by such Revolving Credit Lender to the aggregate amount funded by all Revolving Credit Lenders) of such
Reimbursement Obligation. 
 3.7 Obligations Absolute. The Reimbursement Obligations of the Borrowers shall be irrevocable, shall
remain in effect until the Issuing Lender shall have no further obligations to make any payments or disbursements under any circumstances with respect to any Letter of Credit, and shall be absolute and unconditional, shall not be subject to
counterclaim, setoff or other defense or any other qualification or exception whatsoever and shall be made in accordance with the terms and conditions of this Agreement under all circumstances, including, without limitation, any of the following
circumstances: 
 (a) Any lack of validity or enforceability of this Agreement, any of the other Credit Documents or any documents or
instruments relating to any Letter of Credit; 
 (b) Any change in the time, manner or place of payment of, or in any other term of, all or
any of the Obligations in respect of any Letter of Credit or any other amendment, modification or waiver of or any consent to departure from any Letter of Credit or any documents or instruments relating thereto, in each case whether or not the
Borrowers have notice or knowledge thereof; 
  

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 (c) The existence of any claim, setoff, defense or other right that the Borrowers may have at any time
against a beneficiary named in a Letter of Credit, any transferee of any Letter of Credit (or any Person for whom any such transferee may be acting), the Administrative Agent, the Issuing Lender, any Lender or other Person, whether in connection
with this Agreement, any Letter of Credit, the transactions contemplated hereby or any unrelated transactions (including any underlying transaction between a Borrower and the beneficiary named in any such Letter of Credit); 
 (d) Any draft, certificate or any other document presented under the 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 (provided that such draft, certificate or other document appears on its face to comply with the terms of such Letter of Credit), any errors, omissions, interruptions
or delays in transmission or delivery of any messages, by mail, telecopier or otherwise, or any errors in translation or in interpretation of technical terms; 
 (e) Any defense based upon the failure of any drawing under a Letter of Credit to conform to the terms of the Letter of Credit (provided that any draft, certificate or other document presented pursuant to such
Letter of Credit appears on its face to comply with the terms thereof), any nonapplication or misapplication by the beneficiary or any transferee of the proceeds of such drawing or any other act or omission of such beneficiary or transferee in
connection with such Letter of Credit; 
 (f) The exchange, release, surrender or impairment of any collateral or other security for the
Obligations; 
 (g) The occurrence of any Default or Event of Default; or 
 (h) Any other circumstance or event whatsoever, including, without limitation, any other circumstance that might otherwise constitute a defense available
to, or a discharge of, the Borrowers or a Guarantor. 
 Any action taken or omitted to be taken by the Issuing Lender under or in connection
with any Letter of Credit, if taken or omitted in the absence of gross negligence or willful misconduct, shall be binding upon the Borrowers and each Lender and shall not create or result in any liability of the Issuing Lender to the Borrowers or
any Lender. It is expressly understood and agreed that, for purposes of determining whether a wrongful payment under a Letter of Credit resulted from the Issuing Lender’s gross negligence or willful misconduct, (i) the Issuing
Lender’s acceptance of documents that appear on their face to comply with the terms of such Letter of Credit, without responsibility for further investigation, regardless of any notice or information to the contrary, (ii) the Issuing
Lender’s exclusive reliance on the documents presented to it under such Letter of Credit as to any and all matters set forth therein, including the amount of any draft presented under such Letter of Credit, whether or not the amount due to the
beneficiary thereunder equals the amount of such draft and whether or not any document presented pursuant to such Letter of Credit proves to be insufficient in any respect (so long as such document appears on its face to comply with the terms of
such Letter of Credit), and whether or not any other statement or any other document presented pursuant to such Letter of Credit proves to be forged or invalid or any statement therein proves to be inaccurate or untrue in 

  

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any respect whatsoever, and (iii) any noncompliance in any immaterial respect of the documents presented under such Letter of Credit with the terms
thereof shall, in each case, be deemed not to constitute gross negligence or willful misconduct of the Issuing Lender. 
 3.8 Cash
Collateral Account. At any time and from time to time (i) after the occurrence and during the continuance of an Event of Default, the Administrative Agent may, and at the direction or with the consent of the Required Lenders shall, require
the Borrowers to deliver to the Administrative Agent such additional amount of cash as is equal to 105% of the aggregate Stated Amount of all Letters of Credit at any time outstanding (whether or not any beneficiary under any Letter of Credit shall
have drawn or be entitled at such time to draw thereunder) and (ii) in the event of a prepayment under Section 2.6(c) or Section 2.6(g), the Administrative Agent will retain such amount as may then be required to be
retained, such amounts in each case under clauses (i) and (ii) above to be held by the Administrative Agent in a cash collateral account (the “Cash Collateral Account”). The Borrowers hereby grant to the Administrative
Agent, for the benefit of the Issuing Lender and the Lenders, a Lien upon and security interest in the Cash Collateral Account and all amounts held therein from time to time as security for Letter of Credit Exposure, and for application to the
Borrowers’ Reimbursement Obligations as and when the same shall arise. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest on the investment
of such amounts in Cash Equivalents, which investments shall be made at the direction of the Borrowers (unless a Default or Event of Default shall have occurred and be continuing, in which case the determination as to investments shall be made at
the option and in the discretion of the Administrative Agent), amounts in the Cash Collateral Account shall not bear interest. Interest and profits, if any, on such investments shall accumulate in such account. In the event of a drawing, and
subsequent payment by the Issuing Lender, under any Letter of Credit at any time during which any amounts are held in the Cash Collateral Account, the Administrative Agent will deliver to the Issuing Lender an amount equal to the Reimbursement
Obligation created as a result of such payment (or, if the amounts so held are less than such Reimbursement Obligation, all of such amounts) to reimburse the Issuing Lender therefor. Any amounts remaining in the Cash Collateral Account (including
interest) after the expiration of all Letters of Credit and reimbursement in full of the Issuing Lender for all of its obligations thereunder shall be held by the Administrative Agent, for the benefit of the Borrowers, to be applied against the
Obligations in such order and manner as the Administrative Agent may direct. If the Borrowers are required to provide cash collateral pursuant to Section 2.6(c), such amount (including interest), to the extent not applied as aforesaid,
shall be returned to the Borrowers on demand, provided that after giving effect to such return (i) the Aggregate Revolving Credit Exposure would not exceed the aggregate Revolving Credit Commitments at such time and (ii) no Default
or Event of Default shall have occurred and be continuing at such time. If the Borrowers are required to provide cash collateral as a result of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the
Borrowers within three (3) Business Days after all Events of Default have been cured or waived. 
 3.9 The Issuing Lender. The
Issuing Lender shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and the Issuing Lender shall have all of the rights, benefits and immunities (a) provided to the
Administrative Agent in ARTICLE X with respect to any acts taken or omissions suffered by it in connection with Letters of Credit issued by it or proposed to be issued by it and any 

  

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documents pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in ARTICLE X included the Issuing
Lender with respect to such acts or omissions, and (b) as additionally provided herein with respect to the Issuing Lender. 
 3.10
Effectiveness. Notwithstanding any termination of the Revolving Credit Commitments or repayment of the Loans, or both, the obligations of the Borrowers under this ARTICLE III shall remain in full force and effect until the Issuing
Lender and the Revolving Credit Lenders shall have no further obligations to make any payments or disbursements under any circumstances with respect to any Letter of Credit. 
 ARTICLE IV 
 CONDITIONS OF BORROWING 
 4.1 [Reserved]. 
 4.2 Conditions
of All Borrowings. The obligation of each Lender to make any Loans hereunder, including the initial Loans (but excluding Revolving Loans made for the purpose of repaying Refunded Swingline Loans pursuant to Section 2.2(e) or for the
purpose of paying unpaid Reimbursement Obligations pursuant to Section 3.5), and the obligation of the Issuing Lender to issue any Letters of Credit hereunder, is subject to the satisfaction of the following conditions precedent on the
relevant Borrowing Date or date of issuance (it being understood that no amendment, waiver or modification to any condition precedent in this Section 4.2 to any Borrowing of Revolving Loans or Issuance of a Letter of Credit shall take
effect unless agreed to by the Required Revolving Credit Lenders): 
 (a) The Administrative Agent shall have received a Notice of Borrowing
in accordance with Section 2.2(b), or (together with the Swingline Lender) a Notice of Swingline Borrowing in accordance with Section 2.2(d), or (together with the Issuing Lender) a Letter of Credit Notice in accordance with
Section 3.2, as applicable; 
 (b) Each of the representations and warranties contained in ARTICLE V and in the other
Credit Documents shall be, if otherwise qualified by materiality, true and correct, and if not so qualified, true and correct in all material respects, on and as of such Borrowing Date or date of issuance of a Letter of Credit with the same effect
as if made on and as of such date, both immediately before and after giving effect to the Loans to be made or Letter of Credit to be issued on such date (except to the extent any such representation or warranty is expressly stated to have been made
as of a specific date, in which case such representation or warranty shall be, if otherwise qualified by materiality, true and correct or if not so qualified, true and correct in all material respects, as of such date); and 
 (c) No Default or Event of Default shall have occurred and be continuing on such date, both immediately before and after giving effect to the Loans to be
made or Letter of Credit to be issued on such date. 
  

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 Each giving of a Notice of Borrowing, a Notice of Swingline Borrowing or a Letter of Credit Notice, and the consummation
of each Borrowing or issuance of a Letter of Credit, shall be deemed to constitute a representation by the Borrowers that the statements contained in Sections 4.2(b) and 4.2(c) are true, both as of the date of such notice or
request and as of the relevant Borrowing Date or date of issuance. 
 ARTICLE V 
 REPRESENTATIONS AND WARRANTIES 
 To
induce the Administrative Agent, the Issuing Lender and the Lenders to enter into this Agreement and to induce the Lenders to extend the credit contemplated hereby and the Issuing Lender to issue Letters of Credit, each of the Borrowers represents
and warrants to the Administrative Agent, the Issuing Lender and the Lenders as follows: 
 5.1 Corporate Organization and Power. Each
Credit Party (i) is a corporation or a limited liability company duly organized or formed, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, as the case may be, (ii) has the full
corporate or limited liability company power and authority to execute, deliver and perform the Credit Documents to which it is or will be a party, to own and hold its property and to engage in its business as presently conducted, and (iii) is
duly qualified to do business as a foreign corporation or limited liability company and is in good standing in each jurisdiction where the nature of its business or the ownership of its properties requires it to be so qualified, except where the
failure to be so qualified, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 
 5.2
Authorization; Enforceability. Each Credit Party has taken all necessary corporate or limited liability company action, as applicable, to execute, deliver and perform each of the Credit Documents to which it is or will be a party, and has
validly executed and delivered each of the Credit Documents to which it is or will be a party. This Agreement constitutes, and each of the other Credit Documents upon execution and delivery will constitute, the legal, valid and binding obligation of
each Credit Party that is a party hereto or thereto, enforceable against it in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’
rights generally, by general equitable principles or by principles of good faith and fair dealing (regardless of whether enforcement is sought in equity or at law). 
 5.3 No Violation. The execution, delivery and performance by each Credit Party of each of the Credit Documents to which it is or will be a party, and compliance by it with the terms hereof and thereof, do not
and will not (i) violate any provision of its articles or certificate of incorporation or formation, its bylaws or operating agreement, or other applicable formation or organizational documents, (ii) contravene any other Requirement of Law
applicable to it, (iii) conflict with, result in a breach of or constitute (with notice, lapse of time or both) a default under any indenture, Mortgage, lease, agreement, contract or other instrument to which it is a party, by which it or any
of its properties is bound or to which it is subject, or (iv) except for the Liens granted in favor of the Administrative Agent for the benefit of the Lenders pursuant to the Security Documents, result in or require the creation or imposition
of any Lien upon any of its properties, revenues or assets; except, in the case of clauses (ii) and (iii) above, where such violations, conflicts, breaches or defaults, individually or in the aggregate, could not reasonably be expected to
have a Material Adverse Effect. 
  

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 5.4 Governmental and Third-Party Authorization; Permits. No consent, approval, authorization or
other action by, notice to, or registration or filing with, any Governmental Authority or other Person is or will be required as a condition to or otherwise in connection with the due execution, delivery and performance by each Credit Party of this
Agreement or any of the other Credit Documents to which it is or will be a party or the legality, validity or enforceability hereof or thereof, other than (i) filing of Uniform Commercial Code financing statements and other instruments and
actions necessary to perfect the Liens created by the Security Documents, (ii) consents, authorizations and filings that have been made or obtained and that are in full force and effect, which consents, authorizations and filings are listed on
Schedule 5.4, and (iii) consents and filings the failure to obtain or make which, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. Each Credit Party has, and is in good standing
with respect to, all governmental approvals, licenses, permits and authorizations necessary to conduct its business as presently conducted and to own or lease and operate its properties, except for those the failure to obtain which, individually or
in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 
 5.5 Litigation. Except as disclosed on
Schedule 5.5 or in the Parent’s public filings with the United States Securities and Exchange Commission as of the Closing Date, there are no actions, investigations, suits or proceedings pending or, to the knowledge of the Borrowers,
threatened, at law, in equity or in arbitration, before any court, other Governmental Authority, arbitrator or other Person, (i) against or affecting the Parent or its Subsidiaries or any of their respective properties that, if adversely
determined, could reasonably be expected to have a Material Adverse Effect, or (ii) with respect to this Agreement, any of the other Credit Documents or any of the transactions contemplated hereby or thereby. 
 5.6 Taxes. Each of the Parent and its Subsidiaries has timely filed all federal, state, local and foreign tax returns and reports required to be
filed by it and has paid, prior to the date on which penalties would attach thereto or a Lien would attach to any of the properties of a Credit Party if unpaid, all taxes, assessments, fees and other charges levied upon it or upon its properties
that are shown thereon as due and payable, except (i) those that are not yet delinquent or that are being contested in good faith and by proper proceedings and for which adequate reserves have been established in accordance with GAAP or
(ii) to the extent the failure to do so could not reasonably be expected to have a Material Adverse Effect. 
 5.7 Subsidiaries.
Schedule 5.7 sets forth a list, as of the Third Amendment Effective Date, of all of the Subsidiaries of the Borrowers (including the other Borrowers) and as to each such Subsidiary, the percentage ownership (direct and indirect) of each
Borrower in each class of its Capital Stock and each direct owner thereof. All outstanding shares of Capital Stock of the Parent and each of its Subsidiaries are duly and validly issued, fully paid and nonassessable. Except for the shares of Capital
Stock and the other equity arrangements expressly indicated on Schedule 5.7, as of the Closing Date there are no shares of Capital Stock, warrants, rights, options or other equity securities, or other Capital Stock of any Credit Party
(other than the Parent) outstanding or reserved for any purpose. 
  

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 5.8 Full Disclosure. All factual information heretofore, contemporaneously or hereafter furnished
in writing to the Administrative Agent, the Arranger or any Lender by or on behalf of the Parent and its Subsidiaries for purposes of or in connection with this Agreement, the other Credit Documents and the transactions contemplated hereby, when
taken as a whole, is or will be true and accurate in all material respects on the date as of which such information is dated or certified (or, if such information has been updated, amended or supplemented, on the date as of which any such update,
amendment or supplement is dated or certified) and not made incomplete by omitting to state a material fact necessary to make the statements contained herein and therein, in light of the circumstances under which such information was provided, not
misleading; provided that, with respect to projections, budgets and other estimates, except as specifically represented in Section 5.11(b), the Borrowers represent only that such information was prepared in good faith based upon
assumptions believed to be reasonable at the time (it being understood that such projections, budgets and estimates are subject to significant uncertainties and there can be no assurance the results therein will be achieved); provided,
further, that with respect to general industry information provided by public or third party sources, the Borrowers represent only to the best of their knowledge. 
 5.9 Margin Regulations. None of the Parent or its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying Margin
Stock. No proceeds of the Loans will be used, directly or indirectly, to purchase or carry any Margin Stock, to extend credit for such purpose or for any other purpose, in each case that would violate or be inconsistent with Regulations T, U or X or
any provision of the Exchange Act. 
 5.10 No Material Adverse Effect. Since April 30, 2006, there has been no material adverse
effect on (a) the ability of the Parent and its Subsidiaries, taken as a whole, to perform their obligations under this Agreement or any of the other Credit Documents, or (b) the legality, validity or enforceability of this Agreement or
any of the other Credit Documents or the rights and remedies of the Administrative Agent and the Lenders hereunder or thereunder and there exists no event, condition or state of facts that could reasonably be expected to result in such material
adverse effect. 
 5.11 Financial Matters. 
 (a) The Borrowers have heretofore furnished to the Administrative Agent copies of (i) the audited consolidated balance sheets of the Parent and its Subsidiaries as of April 30, 2008, 2007 and 2006, in each
case with the related statements of income and cash flows for the fiscal years then ended, together with the opinion of Deloitte & Touche LLP thereon, and (ii) the unaudited consolidated balance sheet of the Parent and its Subsidiaries
as of January 31, 2009, and the related statements of income and cash flows for the nine-month period then ended. Such financial statements have been prepared in accordance with GAAP (subject, with respect to the unaudited financial statements,
to the absence of notes required by GAAP and to normal year-end adjustments) and present fairly in all material respects the financial condition of the Parent and its Subsidiaries on a consolidated basis as of the respective dates thereof and the
results of operations of the Parent and its Subsidiaries on a consolidated basis for the respective periods then ended. Except as fully reflected in the most recent financial statements referred to above and the notes thereto, there are no material
liabilities or obligations with respect to the Parent and its Subsidiaries of any nature whatsoever (whether absolute, contingent or otherwise and whether or not due) that are required in accordance with GAAP to be reflected in such financial
statements and that are not so reflected. 
  

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 (b) The Borrowers have prepared, and have heretofore furnished to the Administrative Agent a copy of,
projected consolidated balance sheets and statements of income and cash flows of the Parent and its Subsidiaries (consisting of balance sheets and statements of income and cash flows prepared by the Borrowers as of the last day of the fiscal quarter
most recently ended prior to Third Amendment Effective Date and then on a quarterly basis through the fiscal quarter ending April 30, 2011 and thereafter on an annual basis) through the end of fiscal year 2014, giving effect to the initial
extensions of credit made under this Agreement and the payment of transaction fees and expenses related to the foregoing (the “Projections”). In the good faith opinion of management of the Borrowers, the assumptions used in the
preparation of the Projections were fair, complete and reasonable when made and continue to be fair, complete and reasonable as of the Closing Date. The Projections have been prepared in good faith by the executive and financial personnel of the
Borrowers, are complete and represent a reasonable estimate of the future performance and financial condition of the Parent and its Subsidiaries, subject to the uncertainties and approximations inherent in any projections, it being understood that
there can be no assurance that the results therein will be achieved. 
 (c) Both before and after giving effect to the making of the initial
loans hereunder, each Credit Party (i) has capital sufficient to carry on its businesses as conducted and as proposed to be conducted, (ii) has assets with a fair saleable value, determined on a going concern basis, which are (y) not
less than the amount required to pay the probable liability on its existing debts as they become absolute and matured and (z) greater than the total amount of its liabilities (including identified contingent liabilities, valued at the amount
that can reasonably be expected to become absolute and matured in their ordinary course), and (iii) does not intend to, and does not believe that it will, incur debts or liabilities beyond its ability to pay such debts and liabilities as they
mature in their ordinary course. 
 5.12 Ownership of Properties. Each Credit Party has good title to, or valid leasehold interests
in, all its real and personal property material to its business, in each case free and clear of all Liens other than Permitted Liens and minor defects in title that do not interfere with its ability to conduct its business as currently conducted or
to utilize such properties for their intended purposes. 
 5.13 ERISA. 
 (a) Each Credit Party and its ERISA Affiliates is in compliance with the applicable provisions of ERISA, and each Plan is and has been administered in
compliance with all applicable Requirements of Law, including, without limitation, the applicable provisions of ERISA and the Code, in each case except where the failure so to comply, individually or in the aggregate, could not reasonably be
expected to have a Material Adverse Effect. No ERISA Event (i) has occurred within the five (5) year period prior to the Closing Date, (ii) has occurred and is continuing, or (iii) to the knowledge of the Borrowers, is reasonably
expected to occur with respect to any Plan, which, in each case, could reasonably be expected to have a Material Adverse Effect. No Plan has any Unfunded Pension Liability as of the most recent annual 

  

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valuation date applicable thereto in an aggregate amount that could not reasonably be expected to have a Material Adverse Effect (and as of the most recent
annual valuation date applicable thereto prior to Closing Date, no Plan had any Unfunded Pension Liability). No Credit Party or any of its ERISA Affiliates has engaged in a transaction that could be subject to Section 4069 or 4212(c) of ERISA.

 (b) No Credit Party or any of its ERISA Affiliates has any outstanding liability on account of a complete or partial withdrawal from any
Multiemployer Plan, and no Credit Party or any of its ERISA Affiliates would become subject to any liability under ERISA if any such Credit Party or ERISA Affiliate were to withdraw completely from all Multiemployer Plans as of the most recent
valuation date, in each case that could reasonably be expected to have a Material Adverse Effect. No Multiemployer Plan is in “reorganization” or is “insolvent” within the meaning of such terms under ERISA. 
 5.14 Environmental Matters. Except as, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect:

 (a) No Hazardous Substances are or have been generated, used, located, released, treated, transported, disposed of or stored, currently or
in the past, (i) by the Parent or any of its Subsidiaries or (ii) to the knowledge of the Borrowers, by any other Person (including any predecessor in interest) or otherwise, in either case in, on, about or to or from any portion of any
real property, leased, owned or operated by the Parent and its Subsidiaries, except in compliance with all applicable Environmental Laws; no portion of any such real property or, to the knowledge of the Borrowers, any other real property at any time
leased, owned or operated by the Parent or its Subsidiaries is contaminated by any Hazardous Substance; and no portion of any real property leased, owned or operated by the Parent or its Subsidiaries is presently or, to the knowledge of the
Borrowers, has ever been, the subject of an environmental audit, assessment or remedial action. 
 (b) No portion of any real property
leased, owned or operated by the Parent or its Subsidiaries has been used by the Parent or its Subsidiaries or, to the knowledge of the Borrowers, by any other Person, as or for a mine, landfill, dump or other disposal facility, gasoline service
station or bulk petroleum products storage facility; and no portion of such real property or any other real property currently or at any time in the past leased, owned or operated by the Parent or its Subsidiaries has, pursuant to any Environmental
Law, been placed on the “National Priorities List” or “CERCLIS List” (or any similar federal, state or local list) of sites subject to possible environmental problems. 
 (c) All activities and operations of the Parent and its Subsidiaries are in compliance with the requirements of all applicable Environmental Laws; the
Parent and its Subsidiaries have obtained all licenses and permits under Environmental Laws necessary to its respective operations, all such licenses and permits are being maintained in good standing, and each of the Parent and its Subsidiaries is
in compliance with all terms and conditions of such licenses and permits; and neither the Parent nor any of its Subsidiaries is involved in any suit, action or proceeding, or has received any notice, complaint or other request for information from
any Governmental Authority or other Person, with respect to any actual or alleged Environmental Claims, and to the knowledge of the Borrowers, there are no threatened Environmental Claims, nor any basis therefor. 
  

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 5.15 Compliance with Laws. Each of the Parent and its Subsidiaries has timely filed all material
reports, documents and other materials required to be filed by it under all applicable Requirements of Law with any Governmental Authority, has retained all material records and documents required to be retained by it under all applicable
Requirements of Law, and is otherwise in compliance with all applicable Requirements of Law in respect of the conduct of its business and the ownership and operation of its properties, except in each case to the extent that the failure to comply
therewith, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 
 5.16 Intellectual
Property. Each Credit Party owns, or has the legal right to use, all Intellectual Property necessary for it to conduct its business as currently conducted. Except as set forth in Schedule 5.16, no claim has been asserted or is pending by
any Person challenging or questioning the use of any such Intellectual Property or the validity or effectiveness of any such Intellectual Property, nor do the Borrowers know of any such claim, and to the knowledge of the Borrowers, the use of such
Intellectual Property by any Credit Party does not infringe on the known rights of any Person, except for such claims and infringements that, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

 5.17 Regulated Industries. None of the Parent and its Subsidiaries is an “investment company,” a company
“controlled” by an “investment company,” or an “investment advisor,” within the meaning of the Investment Parent Act of 1940, as amended. 
 5.18 Insurance. Schedule 5.18 sets forth, as of the Third Amendment Effective Date, an accurate and complete list and a brief description (including the insurer, policy number, type of insurance,
coverage limits, deductibles, expiration dates and any special cancellation conditions) of all policies of property and casualty, liability (including, but not limited to, product liability), business interruption, workers’ compensation, and
other forms of insurance owned or held by the Credit Parties or pursuant to which any of their respective assets are insured. The assets, properties and business of the Credit Parties are insured against such hazards and liabilities, under such
coverages and in such amounts, as are customarily maintained by prudent companies similarly situated and under policies issued by insurers of recognized responsibility. 
 5.19 Material Contracts. Schedule 5.19 lists, as of the Closing Date, each “material contract” (within the meaning of Item 601(b)(10) of Regulation S-K under the Securities Act) to
which any Credit Party is a party, by which any Credit Party or its properties is bound or to which any Credit Party is subject (collectively, “Material Contracts”), and also indicates the parties thereto. As of the Closing Date,
(i) each Material Contract is in full force and effect and is enforceable by each Credit Party that is a party thereto in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium
or other similar laws affecting creditors’ rights generally, by general or equitable principles or by principles of good faith and fair dealing, and (ii) no Credit Party or, to the knowledge of the Borrowers, any other party thereto is in
breach of or default under any Material Contract in any material respect or has given notice of termination or cancellation of any Material Contract. 
  

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 5.20 Security Documents. The provisions of each of the Security Documents (whether executed and
delivered prior to or on the Third Amendment Effective Date or thereafter) are and will be effective to create in favor of the Administrative Agent, for its benefit and the benefit of the Lenders, a valid and enforceable security interest in and
Lien upon all right, title and interest of each Credit Party that is a party thereto in and to the Collateral purported to be pledged by it thereunder and described therein, and upon (i) the initial extension of credit hereunder, (ii) the
filing of appropriately completed Uniform Commercial Code financing statements and continuations thereof in the jurisdictions specified therein, (iii) the filing of appropriately completed short-form assignments in the U.S. Patent and Trademark
Office and the U.S. Copyright Office, as applicable, and (iv) the possession by the Administrative Agent of any certificates evidencing the securities pledged thereby, duly endorsed or accompanied by duly executed stock powers, such security
interest and Lien shall constitute a fully perfected and first priority security interest in and Lien upon such right, title and interest of the applicable Credit Party in and to such Collateral, to the extent that such security interest and Lien
can be perfected by such filings, actions and possession, subject only to Permitted Liens. 
 5.21 No Burdensome Restrictions. No
Credit Party is a party to any written agreement or instrument or subject to any other obligations or any charter or corporate restriction or any provision of any applicable Requirement of Law that, individually or in the aggregate, could reasonably
be expected to have a Material Adverse Effect. 
 5.22 OFAC; Anti-Terrorism Laws. 
 (a) None of the Parent or its Subsidiaries nor any Affiliate of the Parent and its Subsidiaries (i) is a Sanctioned Person, (ii) has more than
15% of its assets in Sanctioned Countries, or (iii) derives more than 15% of its operating income from investments in, or transactions with, Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Loan hereunder will be used
directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country. 
 (b) Neither the making of the Loans hereunder nor the use of the proceeds thereof will violate the PATRIOT Act, the Trading with the Enemy Act, as amended, or any of the foreign assets control regulations of the
United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto. The Parent and its Subsidiaries are in compliance in all material respects with the PATRIOT Act.

  

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 ARTICLE VI 
 AFFIRMATIVE COVENANTS 
 Each of the Borrowers covenants and agrees that, until the termination of the
Revolving Credit Commitments, the termination or expiration of all Letters of Credit and the payment in full in cash of all principal and interest with respect to the Loans and all Reimbursement Obligations together with all fees, expenses and other
amounts then due and owing hereunder: 
 6.1 Financial Statements. The Borrowers will deliver to the Administrative Agent and to each
Lender: 
 (a) As soon as available and in any event within forty-five (45) days (or, if earlier and if applicable to the Borrowers, the
quarterly report deadline under the Exchange Act rules and regulations) after the end of each of the first three fiscal quarters of each fiscal year, beginning with the fiscal quarter ending October 31, 2006, an unaudited consolidated balance
sheet of the Parent and its Subsidiaries as of the end of such fiscal quarter, unaudited consolidated statements of income for the Parent and its Subsidiaries for the fiscal quarter then ended and unaudited consolidated statements of income and cash
flows for that portion of the fiscal year then ended, in each case setting forth comparative consolidated figures as of the end of and for the corresponding period in the preceding fiscal year, all in reasonable detail and prepared in accordance
with GAAP (subject to the absence of notes required by GAAP and subject to normal year-end adjustments) applied on a basis consistent with that of the preceding quarter or containing disclosure of the effect on the financial condition or results of
operations of any change in the application of accounting principles and practices during such quarter; provided, that electronic delivery to the Administrative Agent within the time period specified above of a copy of the Parent’s
Quarterly Report on Form 10-Q prepared in accordance with the requirements therefor and filed with the United States Securities and Exchange Commission shall be deemed to satisfy the requirements of this Section 6.1(a); and 
 (b) As soon as available and in any event within ninety (90) days (or, if earlier and if applicable to the Borrowers, the annual report deadline
under the Exchange Act rules and regulations) after the end of each fiscal year, beginning with fiscal year 2007, an audited consolidated balance sheet of the Parent and its Subsidiaries as of the end of such fiscal year and the related audited
consolidated statements of income, cash flows and stockholders’ equity for the Parent and its Subsidiaries for the fiscal year then ended, including the notes thereto, in each case setting forth comparative consolidated figures as of the end of
and for the preceding fiscal year, all in reasonable detail and (with respect to the audited statements) certified by the independent certified public accounting firm regularly retained by the Parent or another independent certified public
accounting firm of recognized national standing reasonably acceptable to the Administrative Agent, together with a report thereon by such accountants that is not qualified as to going concern or scope of audit and to the effect that such financial
statements present fairly in all material respects the consolidated financial condition and results of operations of the Parent and its Subsidiaries as of the dates and for the periods indicated in accordance with GAAP applied on a basis consistent
with that of the preceding year or containing disclosure of the effect on the financial condition or results of operations of any change in the application of accounting principles and practices during such year; provided, that electronic
delivery to the Administrative Agent within the time period specified above of a copy of the Parent’s Annual Report on Form 10-K for such fiscal year prepared in accordance with the requirements therefor and filed with the United States
Securities and Exchange Commission shall be deemed to satisfy the requirements of this Section 6.1(b). 
  

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 6.2 Other Business and Financial Information. The Borrowers will deliver to the Administrative
Agent and each Lender: 
 (a) Concurrently with each delivery of the financial statements described in Sections 6.1(a) and
6.1(b), beginning with delivery of such financial statements for the fiscal quarter ending October 31, 2006, a Compliance Certificate with respect to the period covered by the financial statements being delivered thereunder, executed by
a Financial Officer of each Borrower, together with a Covenant Compliance Worksheet reflecting the computation of the financial covenants set forth in ARTICLE VII as of the last day of the period covered by such financial statements;

 (b) Concurrently with each delivery of the financial statements described in Section 6.1(b), a certificate executed by a
Financial Officer of the Parent in form and substance reasonably satisfactory to the Administrative Agent and setting forth the calculation of Excess Cash Flow for such fiscal year; 
 (c) As soon as available and in any event within ninety (90) days after the commencement of each fiscal year, beginning with the 2008 fiscal year, a
consolidated operating budget for the Parent and its Subsidiaries for such fiscal year and the four (4) succeeding years (prepared on a quarterly basis for the first four fiscal quarters and thereafter on an annual basis), consisting of
consolidated balance sheets and consolidated statements of income and cash flows in substantially the form of the Projections, together with a certificate of a Financial Officer of the Parent to the effect that such budget has been prepared in good
faith and is a reasonable estimate of the financial position and results of operations of the Parent and its Subsidiaries for the period covered thereby; 
 (d) Promptly upon receipt thereof, copies of any “management letter” submitted to any Credit Party by its certified public accountants in connection with each annual, interim or special audit to the extent
not prohibited by the applicable accountants (and the Borrowers agree to use commercially reasonable efforts to obtain the consent of any such accountant to the disclosure of any such management letter), and promptly upon completion thereof, any
response reports from such Credit Party in respect thereof; 
 (e) Promptly upon the sending, filing or receipt thereof, electronic copies of
(i) all financial statements, reports, notices and proxy statements that any Credit Party shall send or make available generally to its shareholders, and (ii) all regular, periodic and special reports, registration statements and
prospectuses (other than on Form S-8) that any Credit Party shall render to or file with the Securities and Exchange Commission, the National Association of Securities Dealers, Inc. or any national securities exchange (provided, that
electronic filing with the Securities and Exchange Commission shall be deemed to satisfy the requirements of this Section 6.2(d)); 
 (f) Promptly upon closing thereof, notice of consummation of any Permitted Acquisition involving total consideration (including, without limitation, the issuance of Capital Stock) equal to or greater than $2,000,000; 
 (g) Promptly upon (and in any event within five (5) Business Days after) any Responsible Officer of any Credit Party obtaining knowledge thereof,
written notice of any of the following (provided, that electronic delivery to the Administrative Agent within the time period specified above of copies of a Current Report of the Parent on Form 8-K prepared in accordance with the requirements
therefor regarding any of the items set forth in clauses (ii) and (iii) below shall be deemed to satisfy the requirements of this Section 6.2(g) with respect to such items): 
 (i) the occurrence of any Default or Event of Default, together with a written statement of a Responsible Officer of the Borrowers
specifying the nature of such Default or Event of Default, the period of existence thereof and the action that the Borrowers have taken and proposes to take with respect thereto; 
  

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 (ii) the institution or threatened institution of any action, suit, investigation or
proceeding against or affecting the Parent or any of its Subsidiaries, including any such investigation or proceeding by any Governmental Authority (other than routine periodic inquiries, investigations or reviews), that, if adversely determined,
could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, and any material development in any litigation or other proceeding previously reported pursuant to Section 5.5 or this
Section 6.2(g)(ii); 
 (iii) the receipt by the Parent or any of its Subsidiaries from any Governmental Authority
of (A) any notice asserting any failure by any such party to be in compliance with applicable Requirements of Law or that threatens the taking of any action against any such party or sets forth circumstances that, if taken or adversely
determined, could reasonably be expected to have a Material Adverse Effect, or (B) any notice of any actual or threatened suspension, limitation or revocation of, failure to renew, or imposition of any restraining order, escrow or impoundment
of funds in connection with, any license, permit, accreditation or authorization of the Parent or its Subsidiaries, where such action could reasonably be expected to have a Material Adverse Effect; 
 (iv) any other matter or event that has, or could reasonably be expected to have, a material adverse effect on (x) the ability of the
Parent and its Subsidiaries, taken as a whole, to perform their obligations under this Agreement or any of the other Credit Documents, or (y) the legality, validity or enforceability of this Agreement or any of the other Credit Documents or the
rights and remedies of the Administrative Agent and the Lenders hereunder or thereunder, together with a written statement of a Responsible Officer of a Borrower setting forth the nature and period of existence thereof and the action that the
affected Credit Parties have taken and propose to take with respect thereto; 
 (h) promptly upon the closing thereof, notice of the
consummation of the sale of all or substantially all of the assets or of the Capital Stock of Hewfant; and 
 (i) As promptly as reasonably
possible, such other information about the business, condition (financial or otherwise), operations or properties of the Parent and its Subsidiaries as the Administrative Agent or any Lender may from time to time reasonably request. 
 6.3 Existence; Franchises; Maintenance of Properties. Each of the Borrowers will, and will cause each of its Subsidiaries to, (i) maintain
and preserve in full force and effect its legal existence, except as expressly permitted otherwise by Section 8.1, (ii) obtain, maintain and preserve in full force and effect all other rights, franchises, licenses, permits,
certifications, 

  

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approvals and authorizations required by Governmental Authorities and necessary to the ownership, occupation or use of its properties or the conduct of its
business, except to the extent the failure to do so could not reasonably be expected to have a Material Adverse Effect, and (iii) keep all material properties in good working order and condition (normal wear and tear and damage by casualty
excepted). 
 6.4 Compliance with Laws. Each of the Borrowers will, and will cause each of its Subsidiaries to, comply in all respects
with all Requirements of Law applicable in respect of the conduct of its business and the ownership and operation of its properties, except to the extent the failure so to comply could not reasonably be expected to have a Material Adverse Effect.

 6.5 Payment of Obligations. Each of the Borrowers will, and will cause each of its Subsidiaries to, (i) pay, discharge or
otherwise satisfy at or before maturity all liabilities and obligations as and when due (subject to any applicable subordination, grace and notice provisions), except to the extent failure to do so could not reasonably be expected to have a Material
Adverse Effect, and (ii) pay and discharge all taxes, assessments and governmental charges or levies imposed upon it, upon its income or profits or upon any of its properties, prior to the date on which penalties would attach thereto, and all
lawful claims that, if unpaid, would become a Lien (other than a Permitted Lien) upon any of the properties of any Credit Party; provided, however, that no Credit Party shall be required to pay any such tax, assessment, charge, levy or
claim that is being contested in good faith and by proper proceedings and as to which such Credit Party is maintaining adequate reserves with respect thereto in accordance with GAAP. 
 6.6 Insurance. Each of the Borrowers will, and will cause each of its Subsidiaries to, (i) maintain with financially sound and reputable
insurance companies insurance with respect to its assets, properties and business, against such hazards and liabilities, of such types and in such amounts, as is customarily maintained by companies in the same or similar businesses similarly
situated, and (ii) deliver certificates of such insurance to the Administrative Agent with standard loss payable endorsements naming the Administrative Agent as loss payee (on property and casualty policies) and additional insured (on liability
policies) as its interests may appear. Each such policy of insurance shall contain a clause requiring the insurer to give not less than 30 days’ prior written notice to the Administrative Agent before any cancellation of the policies for any
reason whatsoever and shall provide that any loss shall be payable in accordance with the terms thereof notwithstanding any act of any Credit Party that might result in the forfeiture of such insurance. 
 6.7 Maintenance of Books and Records; Inspection. Each of the Borrowers will, and will cause each of its Subsidiaries to, (i) maintain
adequate books, accounts and records, in which full, true and correct entries shall be made of all financial transactions in relation to its business and properties, and prepare all financial statements required under this Agreement, in each case in
accordance with GAAP and in compliance with the requirements of any Governmental Authority having jurisdiction over it, and (ii) permit employees or agents of the Administrative Agent, and during the occurrence and continuation of an Event of
Default, any Lender to visit and inspect its properties and examine or audit its books, records, working papers and accounts and make copies and memoranda of them, and to discuss its affairs, finances and accounts with its officers and employees
and, upon notice to the Borrowers, the independent 

  

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public accountants of the Parent and its Subsidiaries (and by this provision the Borrowers authorize such accountants to discuss the finances and affairs of
the Parent and its Subsidiaries), all at such times and from time to time, upon reasonable notice and during business hours, as may be reasonably requested. 
 6.8 Material Subsidiaries. Promptly (and in any event within ten (10) Business Days after) the (i) creation or direct or indirect Acquisition of any new Material Subsidiary or (ii) delivery of
financial statements under Section 6.1 that indicate that a Subsidiary of the Parent (not another Borrower) not at such time a Guarantor is a Material Subsidiary, the Borrowers shall do the following: 
 (a) Cause such new Material Subsidiary to execute and deliver to the Administrative Agent (i) a joinder to the Guaranty, pursuant to which such new
Material Subsidiary shall become a guarantor thereunder and shall guarantee the payment in full of the Obligations of the Borrowers under this Agreement and the other Credit Documents, and (ii) a joinder to the Security Agreement pursuant to
which such new Material Subsidiary shall become a party thereto and shall grant to the Administrative Agent a first priority Lien upon and security interest in its accounts receivable, inventory, equipment, general intangibles and other personal
property as Collateral for its obligations under the Guaranty, subject only to Permitted Liens, and the Parent will, or will cause the parent Subsidiary that owns the Capital Stock of such new Subsidiary to, execute and deliver to the Administrative
Agent an amendment or supplement to the Security Agreement pursuant to which all of the Capital Stock of such new Subsidiary shall be pledged to the Administrative Agent, together with the certificates evidencing such Capital Stock and undated stock
powers duly executed in blank; 
 (b) Deliver to the Administrative Agent: 
 (i) a written legal opinion of counsel to such Subsidiary addressed to the Administrative Agent and the Lenders, in form and substance
reasonably satisfactory to the Administrative Agent and its counsel, which shall cover such matters relating to such Subsidiary and the creation or acquisition thereof incident to the transactions contemplated by this Agreement and this
Section 6.8 and the other Credit Documents as set forth in the legal opinion of counsel delivered to the Administrative Agent and the Lenders on the Closing Date; 
 (ii) (A) a copy of the certificate of incorporation (or other charter documents) of such Subsidiary, certified as of a date that is
acceptable to the Administrative Agent by the applicable Governmental Authority of the jurisdiction of incorporation or organization of such Subsidiary, (B) a copy of the bylaws or similar organizational document of such Subsidiary, certified
on behalf of such Subsidiary as of a date that is acceptable to the Administrative Agent by the corporate secretary or assistant secretary of such Subsidiary, (C) a certificate of good standing for such Subsidiary issued by the applicable
Governmental Authority of the jurisdiction of incorporation or organization of such Subsidiary and (D) copies of the resolutions of the board of directors and, if required, stockholders or other equity owners of such Subsidiary authorizing the
execution, delivery and performance of the agreements, documents and instruments executed pursuant to Sections 6.8(a), certified on behalf of such Subsidiary by an Authorized Officer of such Subsidiary, all in form and substance
reasonably satisfactory to the Administrative Agent; 
  

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 (iii) a report of Uniform Commercial Code financing statement, tax and judgment lien
searches performed against such Subsidiary in each jurisdiction in which such Subsidiary is incorporated or organized, which report shall show no Liens on its assets (other than Permitted Liens); and 
 (iv) a certificate of the secretary or an assistant secretary of such Subsidiary as to the incumbency and signature of the officers
executing agreements, documents and instruments executed pursuant to Sections 6.8(a); 
 (c) As promptly as reasonably possible,
the Parent and its Subsidiaries will deliver any such other documents, certificates and opinions, in form and substance reasonably satisfactory to the Administrative Agent, as the Administrative Agent or the Required Lenders may reasonably request
in connection therewith and will take such other action as the Administrative Agent may reasonably request to create in favor of the Administrative Agent, for the benefit of the Lenders, a perfected security interest in the Collateral being pledged
pursuant to the documents described above; and 
 (d) Notwithstanding the foregoing provisions of this Section 6.8, with respect
to any Foreign Subsidiary, (i) the Capital Stock of such Foreign Subsidiary will not be required to be pledged to the extent (but only to the extent) that (y) such Foreign Subsidiary is a Subsidiary of a Foreign Subsidiary or (z) such
pledge exceeds 65% of the voting Capital Stock of such Foreign Subsidiary, unless and to the extent that the pledge of greater than 65% of the voting Capital Stock of such Foreign Subsidiary would not cause any materially adverse tax consequences to
the Borrower, and (ii) such Foreign Subsidiary will not be required to become a Subsidiary Guarantor if doing so would cause any materially adverse tax consequences to any Borrower. 
 6.9 Additional Security. Each of the Borrowers will, and will cause each of its Subsidiaries to, grant to the Administrative Agent, for the
benefit of the Lenders, from time to time security interests, Mortgages and other Liens in and upon such of its assets and properties as are not covered by the Security Documents executed and delivered on the Third Amendment Effective Date or
pursuant to Section 6.8, and as may be reasonably requested from time to time by the Administrative Agent or the Required Lenders. Such security interests, Mortgages and Liens shall be granted pursuant to documentation in form and
substance reasonably satisfactory to the Administrative Agent and shall constitute valid and perfected security interests and Liens, subject to no Liens other than Permitted Liens. Without limitation of the foregoing, in connection with the grant of
any Mortgage, the Borrower will, and will cause each applicable Subsidiary to, at the Borrower’s expense, prepare, obtain and deliver to the Administrative Agent any environmental assessments, appraisals, surveys, title insurance and other
matters or documents as the Administrative Agent may reasonably request or as may be required under applicable banking laws and regulations. 
 6.10 Environmental Laws. Each of the Borrowers will, and will cause each of its Subsidiaries to comply in all material respects with all applicable Environmental Laws, except to the extent that the failure to do so could not
reasonably be expected to have a Material Adverse Effect. 
  

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 6.11 OFAC, PATRIOT Act Compliance. Each of the Borrowers will, and will cause each of its
Subsidiaries to, (i) refrain from doing business in a Sanctioned Country or with a Sanctioned Person in violation of the economic sanctions of the United States administered by OFAC, and (ii) provide, to the extent commercially reasonable,
such information and take such actions as are reasonably requested by the Administrative Agent or any Lender in order to assist the Administrative Agent and the Lenders in maintaining compliance with the PATRIOT Act. 
 6.12 Further Assurances. Each of the Borrowers will, and will cause each of its Subsidiaries to, make, execute, endorse, acknowledge and deliver
any amendments, modifications or supplements hereto and restatements hereof and any other agreements, instruments or documents, and take any and all such other actions, as may from time to time be reasonably requested by the Administrative Agent or
the Required Lenders to perfect and maintain the validity and priority of the Liens granted pursuant to the Security Documents and to effect, confirm or further assure or protect and preserve the interests, rights and remedies of the Administrative
Agent and the Lenders under this Agreement and the other Credit Documents. 
 6.13 Landlord Waivers. The Borrowers will use
commercially reasonable best efforts to obtain a landlord waiver with respect to the Borrowers’ corporate headquarters in Parsippany, NJ and the Borrowers’ technology facility in Sarasota, FL, within 45 days of the Third Amendment
Effective Date, in each case in form and substance reasonably satisfactory to the Administrative Agent. 
 ARTICLE VII 
 FINANCIAL COVENANTS 
 Each of the
Borrowers covenants and agrees that, until the termination of the Revolving Credit Commitments, the termination or expiration of all Letters of Credit and the payment in full in cash of all principal and interest with respect to the Loans and all
Reimbursement Obligations together with all fees, expenses and other amounts then due and owing hereunder: 
 7.1 Leverage Ratio. The
Borrowers will not permit the Leverage Ratio as of the last day of any fiscal quarter to be greater than the ratio set forth below opposite the period that includes the last day of such fiscal quarter: 
  

			
	 Period
	  	Maximum
Leverage Ratio
	 April 30, 2009 through July 31, 2010
	  	4.25:1.0
	 October 31, 2010
	  	4.00:1.0
	 January 31, 2011
	  	3.75:1.0
	 April 30, 2011 and thereafter
	  	3.50:1.0

  

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 7.2 Interest Coverage Ratio. The Borrowers will not permit the Interest Coverage Ratio as of the
last day of any fiscal quarter, beginning with the fiscal quarter ending April 30, 2009, to be less than 3.0:1.0. 
 ARTICLE VIII 

 NEGATIVE COVENANTS 
 Each of the Borrowers covenants and agrees that, until the termination of the Revolving Credit Commitments, the termination or expiration of all Letters of Credit and the payment in full in cash of all principal and interest with respect to
the Loans and all Reimbursement Obligations together with all fees, expenses and other amounts then due and owing hereunder: 
 8.1
Fundamental Changes. Each of the Borrowers will not, and will not permit or cause any of its Material Subsidiaries to, liquidate, wind up or dissolve, or enter into any consolidation, amalgamation, merger or other combination, or sell,
assign, lease, convey, transfer or otherwise dispose (whether in one or a series of transactions) of all or any of its assets, business or other properties (including Capital Stock of Subsidiaries), or agree to do any of the foregoing;
provided, however, that: 
 (i) any Subsidiary of a Borrower may merge or consolidate with, or be liquidated
into, (x) a Borrower (so long as such Borrower is the surviving or continuing entity) or (y) so long as such merging or liquidating Subsidiary is not a Borrower, any other Subsidiary (so long as, if either constituent entity is a
Guarantor, the surviving or continuing entity is a Guarantor), and in each case so long as no Default or Event of Default has occurred and is continuing or would result therefrom; 
 (ii) any Subsidiary of a Borrower may merge or consolidate with another Person (other than another Credit Party), so long as (x) the
surviving entity is a Guarantor, (y) such merger or consolidation constitutes a Permitted Acquisition and the applicable conditions and requirements of Section 6.8 are satisfied, and (z) no Default or Event of Default has occurred
and is continuing or would result therefrom; 
 (iii) a Borrower may merge or consolidate with another Person (other than
another Credit Party), so long as (x) such Borrower is the surviving entity, (y) such merger or consolidation constitutes a Permitted Acquisition and the applicable conditions and requirements of Section 6.8 are satisfied, and
(z) no Default or Event of Default has occurred and is continuing or would result therefrom; 
  

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 (iv) any Borrower or its Subsidiaries may engage in the sale or other disposition of
inventory and Cash Equivalents in the ordinary course of business, the sale of accounts receivable (including receivables related to Franchisee Financings), and the termination or unwinding of Hedge Agreements permitted hereunder; 
 (v) any Borrower or its Subsidiaries may engage in the sale, exchange, or other disposition in the ordinary course of business of
equipment or other capital assets that are obsolete or no longer necessary for the operations of such Borrower or Subsidiary; 
 (vi) any Borrower or its Subsidiaries may engage in the sale, lease or other disposition of assets by such Borrower or Subsidiary to a Borrower or to a Guarantor (or by any Subsidiary that is not a Guarantor to another Subsidiary that is
not a Guarantor), in each case so long as no Event of Default shall have occurred and be continuing or would result therefrom; and 
 (vii) the Borrowers may sell up to twenty percent (20%) of Consolidated Total Assets as determined as of the date of the most recent financial statements required to be provided hereunder, which may include the sale of all or
substantially all of the assets (or Capital Stock) of Hewfant. 
 8.2 Indebtedness. Each of the Borrowers will not, and will not
permit or cause any of its Subsidiaries to, create, incur, assume or suffer to exist any Indebtedness other than (without duplication): 
 (i) Indebtedness of the Credit Parties in favor of the Administrative Agent and the Lenders incurred under this Agreement and the other Credit Documents; 
 (ii) purchase money Indebtedness of the Borrowers and their respective Subsidiaries incurred solely to finance the acquisition,
construction or improvement of any equipment, real property or other fixed assets in the ordinary course of business, including Capital Lease Obligations, and any renewals, replacements, refinancings or extensions thereof, provided that all
such Indebtedness shall not exceed $15,000,000 in aggregate principal amount outstanding at any one time; 
 (iii) unsecured
Indebtedness consisting of Contingent Purchase Price Obligations customary, indemnification obligations and similar items of the Borrowers or any of their Subsidiaries (to the extent constituting Indebtedness), incurred in connection with Permitted
Acquisitions and Asset Dispositions; 
 (iv) Indebtedness of the Borrowers or their respective Subsidiaries in connection with
Permitted Acquisitions in an aggregate principal amount not to exceed $5,000,000 at any time outstanding and any renewals, replacements, refinancings or extensions thereof that do no increase the outstanding principal amount thereof; 
 (v) unsecured loans and advances (A) by any Borrower or any Subsidiary of any Borrower to any Subsidiary Guarantor, (B) by any
Subsidiary to any Borrower, or (C) by an Subsidiary that is not a Subsidiary Guarantor to any other Subsidiary that is not 

  

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a Subsidiary Guarantor; provided in the case of (A) and (B), that any such loan or advance is subordinated in right and time of payment to the
Obligations and is evidenced by a promissory note, in form and substance reasonably satisfactory to the Administrative Agent and pledged to the Administrative Agent pursuant to the Security Documents; 
 (vi) Indebtedness of any Borrower under Hedge Agreements entered into in the ordinary course of business to manage existing or anticipated
interest rate or foreign currency risks or equity risks related to share repurchases or employee compensation plans and not for speculative purposes; 
 (vii) Indebtedness existing on the Third Amendment Effective Date and described in Schedule 8.2 and any renewals, replacements, refinancings or extensions of any such Indebtedness that do not increase the
outstanding principal amount thereof or result in an earlier final maturity date or decreased weighted average life thereof; 
 (viii) Indebtedness consisting of Guaranty Obligations of the Borrowers or any of their respective Subsidiaries incurred in the ordinary course of business for the benefit of another Credit Party, provided that the primary obligation
being guaranteed is expressly permitted by this Agreement, and provided further that any Guaranty Obligations of the Borrower or any Subsidiary Guarantor of obligations of a Subsidiary that is not a Subsidiary Guarantor shall be
subject to the limitations on Investments set forth in Section 8.4(xiv); 
 (ix) Indebtedness that may be deemed
to exist pursuant to any performance bond, surety, statutory appeal or similar obligation entered into or incurred by any Borrower or any Subsidiary of a Borrower in the ordinary course of business; 
 (x) Indebtedness of the Parent and its Subsidiaries arising from the honoring by a bank or other financial institution of a check, draft
or similar instrument inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business, provided that such Indebtedness is extinguished within five Business Days of its incurrence;
and 
 (xi) other unsecured Indebtedness of the Parent and its Subsidiaries; provided that (i) the proceeds
thereof are applied to the prepayment of the Loans in accordance with the provisions of Section 2.6(d), and (ii) the terms of such Indebtedness are not adverse to the Lenders in any material respect. 
 8.3 Liens. Each of the Borrowers will not, and will not permit or cause any of its Subsidiaries to, directly or indirectly, make, create, incur,
assume or suffer to exist, any Lien upon or with respect to any part of its property or assets, whether now owned or hereafter acquired, or file or authorize the filing of, or permit to remain in effect, any financing statement or other similar
notice of any Lien with respect to any such property, asset, income or profits under the Uniform Commercial Code of any state or under any similar recording or notice statute, or agree to do any of the foregoing, other than the following
(collectively, “Permitted Liens”): 
 (i) Liens in favor of the Administrative Agent and the Lenders created
by or otherwise existing under or in connection with this Agreement and the other Credit Documents; 
  

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 (ii) Liens in existence on the Closing Date and set forth on Schedule 8.3,
and any extensions, renewals or replacements thereof; provided that any such extension, renewal or replacement Lien shall be limited to all or a part of the property that secured the Lien so extended, renewed or replaced (plus any
improvements on such property) and shall secure only those obligations that it secures on the date hereof (and any renewals, replacements, refinancings or extensions of such obligations that do not increase the outstanding principal amount thereof);

 (iii) Liens imposed by law or by contract, such as Liens of carriers, warehousemen, mechanics, materialmen and landlords,
incurred in the ordinary course of business for sums not constituting borrowed money that are not overdue for a period of more than sixty (60) days or that are being contested in good faith by appropriate proceedings and for which adequate
reserves have been established in accordance with GAAP (if so required); 
 (iv) Liens (other than any Lien imposed by ERISA,
the creation or incurrence of which would result in an Event of Default under Section 9.1(j)) incurred in the ordinary course of business in connection with state, local or federal regulations applicable to tax preparers, worker’s
compensation, unemployment insurance or other forms of governmental insurance or benefits, or to secure the performance of letters of credit, bids, tenders, statutory obligations, surety and appeal bonds, leases, public or statutory obligations,
government contracts and other similar obligations (other than obligations for borrowed money) entered into in the ordinary course of business; 
 (v) Liens for taxes, assessments or other governmental charges or statutory obligations that are not delinquent or remain payable without any penalty or that are being contested in good faith by appropriate
proceedings and for which adequate reserves have been established in accordance with GAAP (if so required); 
 (vi) any
attachment or judgment Lien not constituting an Event of Default under Section 9.1(h); 
 (vii) customary rights
of set-off, revocation, refund or chargeback under deposit or other cash management or credit card agreements or under the Uniform Commercial Code of banks or other financial institutions where the Borrowers or any of their Subsidiaries maintains
deposits (other than deposits intended as cash collateral) in the ordinary course of business; 
 (viii) Liens that arise in
favor of banks under Article 4 of the Uniform Commercial Code on items in collection and the documents relating thereto and proceeds thereof; 
  

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 (ix) Liens arising from the filing (for notice purposes only) of UCC-1 financing
statements (or equivalent filings, registrations or agreements in foreign jurisdictions) in respect of true leases otherwise permitted hereunder; 
 (x) with respect to any real property occupied by the Borrowers or any of their Subsidiaries, (a) all easements, rights of way, reservations, licenses, encroachments, variations and similar restrictions, charges
and encumbrances on title that do not secure monetary obligations and do not materially impair the use of such property for its intended purposes or the value thereof, and (b) any other Lien or exception to coverage described in mortgagee
policies of title insurance issued in favor of and accepted by the Administrative Agent; 
 (xi) any leases, subleases,
licenses or sublicenses granted by the Borrowers or any of their Subsidiaries to third parties in the ordinary course of business and not interfering in any material respect with the business of the Borrowers and their Subsidiaries, and any interest
or title of a lessor, sublessor, licensor or sublicensor under any lease or license permitted under this Agreement; 
 (xii)
Liens securing the purchase money Indebtedness or Capital Lease Obligations permitted under Section 8.2(ii), provided that (x) any such Lien shall attach to the property being acquired, constructed or improved with such
Indebtedness concurrently with or within ninety (90) days after the acquisition (or completion of construction or improvement) or the refinancing thereof by the Borrowers or such Subsidiary, (y) the amount of the Indebtedness secured by
such Lien shall not exceed the cost to the Borrowers or such Subsidiary of acquiring, constructing or improving the property and any other assets then being financed solely by the same financing source, and (z) any such Lien shall not encumber
any other property of the Borrowers or any of their Subsidiaries except assets then being financed solely by the same financing source; and 
 (xiii) other Liens securing obligations of the Borrowers and their Subsidiaries not exceeding twenty percent (20%) of Consolidated Net Tangible Assets in aggregate principal amount outstanding at any time.

 8.4 Investments. Each of the Borrowers will not, and will not permit or cause any of its Subsidiaries to, directly or indirectly,
purchase, own, invest in or otherwise acquire any Capital Stock, evidence of indebtedness or other obligation or security or any interest whatsoever in any other Person, or make or permit to exist any loans, advances or extensions of credit to, or
any investment in cash or by delivery of property in, any other Person, or make any Acquisition, or create or acquire any Subsidiary, or become a partner or joint venturer in any partnership or joint venture (collectively,
“Investments”), or make a commitment or otherwise agree to do any of the foregoing, other than: 
 (i)
Investments consisting of Cash Equivalents; 
  

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 (ii) Investments consisting of the extension of trade credit, the creation of prepaid
expenses, and the purchase of inventory, supplies, equipment and other assets, in each case by the Borrowers and their Subsidiaries in the ordinary course of business; 
 (iii) Investments (including equity securities and debt obligations) of the Borrowers and their Subsidiaries received in connection with
the bankruptcy or reorganization of suppliers and customers and in good faith settlement of delinquent obligations of, and other disputes with, customers and suppliers arising in the ordinary course of business; 
 (iv) without duplication, Investments consisting of intercompany Indebtedness to the extent permitted under Section 8.2(v);

 (v) Investments existing as of the Closing Date or required to be made pursuant to contractual obligations in existence on
the Closing Date and described in Schedule 8.4, and any extensions or renewals thereof; 
 (vi) Investments of a
Borrower under Hedge Agreements entered into in the ordinary course of business to manage existing or anticipated interest rate or foreign currency risks or equity risks related to share repurchases or employee compensation plans and not for
speculative purposes; 
 (vii) Investments of any Borrower in its Subsidiaries, in each case to the extent made prior to the
Closing Date; 
 (viii) Investments (other than Acquisitions) consisting of the making of capital contributions or the
purchase of Capital Stock (x) by a Borrower or any Subsidiary of a Borrower in any other Subsidiary that (1) is a Guarantor immediately prior to, (2) will be a Guarantor immediately after giving effect to, such Investment, or
(3) is not a Material Subsidiary, and (y) by any Subsidiary in a Borrower; 
 (ix) Permitted Acquisitions;
provided, that consummation of any such acquisition shall be deemed to be a representation to the Administrative Agent and the Lenders by the Borrowers that the conditions set forth in the definition of Permitted Acquisition and Section
6.8 have been satisfied; 
 (x) Investments in connection with pledges, deposits, payments or performance bonds made or
given in the ordinary course of business in connection with or to secure lease payments, statutory, regulatory or similar obligations including, without limitation, obligations under insurance, health, disability, safety, or environmental
obligations or under local, state or federal laws or regulations related to tax preparers; 
 (xi) Franchisee Financings and
Franchisee Advance Payments; 
 (xii) Guaranty Obligations of a Borrower or a Subsidiary of a Borrower with respect to another
Borrower or Subsidiary of a Borrower; 
  

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 (xiii) Investments received as part of a redemption or payment of or for, as a dividend
on, or as a distribution in respect of, other Investments permitted by this Section; and 
 (xiv) other Investments of the
Borrowers and their Subsidiaries not otherwise permitted under this Section 8.4 (including other Investments in Franchisees and joint ventures, but excluding Investments in Foreign Subsidiaries) in an aggregate amount not exceeding
$25,000,000 at any time outstanding for all such Investments. 
 8.5 Restricted Payments. Each of the Borrowers will not, and will not
permit or cause any of its Subsidiaries to, directly or indirectly, declare or make any dividend payment, or make any other distribution of cash, property or assets, in respect of any of its Capital Stock or any warrants, rights or options to
acquire its Capital Stock, or purchase, redeem, retire or otherwise acquire for value any shares of its Capital Stock or any warrants, rights or options to acquire its Capital Stock, or set aside funds for any of the foregoing, except that:

 (i) the Borrowers and any of their Subsidiaries may declare and make dividend payments or other distributions payable
solely in its common stock; 
 (ii) each Subsidiary of the Borrowers may declare and make dividend payments or other
distributions on a pro rata basis, in each case to the extent not prohibited under applicable Requirements of Law; and 
 (iii) the Parent may make payments pursuant to and in accordance with stock option plans or other benefit plans for management or employees of the Parent and its Subsidiaries. 
 8.6 Transactions with Affiliates. Each of the Borrowers will not, and will not permit or cause any of its Subsidiaries to, enter into any
transaction (including, without limitation, any purchase, sale, lease or exchange of property or the rendering of any service) with any officer or director, stockholder or other Affiliate of the Borrowers or any of their Subsidiaries, except upon
fair and reasonable terms that are no less favorable to it than it would be obtained in a comparable arm’s length transaction with a Person other than an Affiliate of the Borrowers or any of their Subsidiaries; provided, however,
that nothing contained in this Section 8.6 shall prohibit: 
 (i) transactions described on
Schedule 8.6 (and any renewals or replacements thereof on terms not materially more disadvantageous to the applicable Credit Party) or otherwise expressly permitted under this Agreement; 
 (ii) transactions among the Borrowers and/or the Guarantors not prohibited under this Agreement (provided that such transactions
shall remain subject to any other applicable limitations and restrictions set forth in this Agreement); 
 (iii) transactions
with officers or directors (solely in their capacity as an officer or director); and 
 (iv) restricted payments permitted
under Section 8.5. 
  

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 8.7 Transactions with Franchisees. Each of the Borrowers will not and will not permit any of their
Subsidiaries to, engage in any material transactions with any Franchisee except on such terms as are agreed to by an officer of the Borrowers that in such officer’s reasonable business judgment, will provide economic benefit to the Borrowers or
one of their Subsidiaries. 
 8.8 Lines of Business. Each of the Borrowers will not, and will not permit or cause any of its
Subsidiaries to, engage in any business other than (x) a Line of Business or (y) other businesses that, in the aggregate, do not account for more than five percent (5%) of consolidated net revenues of the Parent and its Subsidiaries.

 8.9 Sale-Leaseback Transactions. Each of the Borrowers will not, and will not permit or cause any of its Subsidiaries to, directly
or indirectly, become or remain liable as lessee or as guarantor or other surety with respect to any lease, whether an operating lease or a Capital Lease, of any property (whether real, personal or mixed, and whether now owned or hereafter acquired)
(i) that any Credit Party has sold or transferred (or is to sell or transfer) to a Person that is not a Credit Party or (ii) that any Credit Party intends to use for substantially the same purpose as any other property that, in connection
with such lease, has been sold or transferred (or is to be sold or transferred) by a Credit Party to another Person that is not a Credit Party, in each case except for transactions otherwise expressly permitted under this Agreement and except for
any such sale or transfer (made in connection with the corresponding leaseback of the relevant asset) by the Borrowers or any Subsidiary of any fixed or capital assets acquired (or the construction of which is completed) after the Closing Date that
is made for cash consideration in an amount not less than the cost of such fixed or capital asset and is consummated within 30 days after such Borrower or such Subsidiary acquires or completes the construction of such fixed or capital asset.

 8.10 Certain Amendments. Each of the Borrowers will not, and will not permit or cause any of its Subsidiaries to, amend, modify or
change any provision of its articles or certificate of incorporation or formation, bylaws, operating agreement or other applicable formation or organizational documents, as applicable, the terms of any class or series of its Capital Stock, or any
agreement among the holders of its Capital Stock or any of them, in each case other than in a manner that could not reasonably be expected to adversely affect the Lenders in any material respect. 
 8.11 Restrictive Agreements. Each of the Borrowers will not, and will not permit or cause any of its Subsidiaries to, directly or indirectly,
enter into, incur, or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition upon (a) the ability of the Borrowers or their Subsidiaries to create, incur or permit to exist any Lien upon the
properties or assets of the Borrowers or such Subsidiaries, or (b) the ability of the Borrowers or any Subsidiary to pay dividends or other distributions with respect to any shares of its Capital Stock or to make or repay loans or advances to
the Borrowers or any such Subsidiaries or to guaranty indebtedness of the Borrowers or any such Subsidiaries; provided, that (i) the foregoing shall not apply to any restrictions or conditions imposed by a Requirement of Law, this
Agreement or the other Credit Documents, (ii) the foregoing shall not apply to restrictions and conditions existing on the date hereof and identified on Schedule 8.11 (but shall apply to any extension or renewal of, or any amendment or
modification expanding the scope of, any such 

  

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restriction or condition), (iii) the foregoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale of
a Subsidiary pending such sale; provided, such restrictions and conditions apply only to the Subsidiary that is to be sold and such sale is permitted hereunder, (iv) clause (a) of the foregoing shall not apply to restrictions
or conditions imposed by any agreement related to secured Indebtedness permitted by this Agreement if such restrictions or conditions apply only to the property or assets securing such Indebtedness, and (v) clause (a) of the
foregoing shall not apply to customary provisions in leases and other contracts restricting the assignment thereof. 
 8.12 Fiscal
Year. Each of the Borrowers will not, and will not permit or cause any of its Subsidiaries to, change its fiscal year or its method of determining fiscal quarters. 
 8.13 Accounting Changes. Other than as permitted pursuant to Section 1.2, each of the Borrowers will not, and will not permit or cause any of its Subsidiaries to, make or permit any material change
in its accounting policies or reporting practices, except as are made in conformity with GAAP (or, in the case of Foreign Subsidiaries, generally accepted accounting principles in the jurisdiction of its organization). 
 ARTICLE IX 
 EVENTS OF DEFAULT 

 9.1 Events of Default. The occurrence of any one or more of the following events shall constitute an “Event of
Default”: 
 (a) The Borrowers shall fail to pay when due (i) any principal of any Loan or any Reimbursement Obligation, or
(ii) any interest on any Loan, any fee payable under this Agreement or any other Credit Document, or (except as provided in clause (i) above) any other Obligation (other than any Obligation under a Hedge Agreement), and (in the case of
this clause (ii) only) such failure shall continue for a period of three (3) Business Days; 
 (b) The Borrowers or any other
Credit Party shall (i) fail to observe, perform or comply with any condition, covenant or agreement contained in any of Sections 2.14, 6.1, 6.2(a), 6.2(g)(i), 6.3(i), or 6.8 or in ARTICLE VII or
ARTICLE VIII or (ii) fail to observe, perform or comply with any condition, covenant or agreement contained in Section 6.2 (other than Sections 6.2(a) and 6.2(g)(i)) and (in the case of this
clause (ii) only) such failure shall continue unremedied for a period of five (5) days after the earlier of (y) the date on which a Responsible Officer of a Borrower acquires knowledge thereof and (z) the date on which written
notice thereof is delivered by the Administrative Agent or any Lender to the Borrowers; 
 (c) The Borrowers or any other Credit Party shall
fail to observe, perform or comply with any condition, covenant or agreement contained in this Agreement or any of the other Credit Documents other than those enumerated in Sections 9.1(a) and 9.1(b), and such failure (i) by
the express terms of such Credit Document, constitutes an Event of Default, or (ii) shall continue unremedied for any grace period specifically applicable thereto or, if no grace period is specifically applicable, for a period of thirty
(30) days after the earlier of (y) the date on which a Responsible Officer of a Borrower acquires knowledge thereof and (z) the date on which written notice thereof is delivered by the Administrative Agent or any Lender to the
Borrowers; or any event of default shall occur under any Hedge Agreement to which a Borrower and any Hedge Party are parties; 
  

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 (d) Any representation or warranty made or deemed made by or on behalf of the Borrowers or any other
Credit Party in this Agreement, any of the other Credit Documents or in any certificate, instrument, report or other document furnished at any time in connection herewith or therewith shall prove to have been incorrect, false or misleading in any
material respect as of the time made, deemed made or furnished; 
 (e) The Borrowers or any other Credit Party shall (i) fail to pay
when due (whether by scheduled maturity, acceleration or otherwise and after giving effect to any applicable grace period or notice provisions) (y) any principal of or interest on any Indebtedness (other than the Indebtedness incurred pursuant
to this Agreement or a Hedge Agreement) having an aggregate principal amount of at least $10,000,000 or (z) any termination or other payment under any Hedge Agreement covering a notional amount of Indebtedness of at least $10,000,000 or
(ii) fail to observe, perform or comply with any condition, covenant or agreement contained in any agreement or instrument evidencing or relating to any such Indebtedness, or any other event shall occur or condition exist in respect thereof,
and the effect of such failure, event or condition is to cause, or permit the holder or holders of such Indebtedness (or a trustee or agent on its or their behalf) to cause (with or without the giving of notice, lapse of time, or both), but giving
effect to any cure periods with respect thereto, such Indebtedness to become due, or to be prepaid, redeemed, purchased or defeased, prior to its stated maturity (excluding any Indebtedness that becomes due as a result of the voluntary sale or
transfer of the property or assets securing such Indebtedness and such Indebtedness is satisfied within five (5) Business Days of such sale or transfer); 
 (f) Any Borrower or any other Credit Party shall (i) file a voluntary petition or commence a voluntary case seeking liquidation, winding-up, reorganization, dissolution, arrangement, readjustment of debts or any
other relief under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to controvert in a timely and appropriate manner, any petition or
case of the type described in Section 9.1(g), (iii) apply for or consent to the appointment of or taking possession by a custodian, trustee, receiver or similar official for or of itself or all or a substantial part of its
properties or assets, (iv) fail generally, or admit in writing its inability, to pay its debts generally as they become due, (v) make a general assignment for the benefit of creditors or (vi) take any corporate action to authorize or
approve any of the foregoing; 
 (g) Any involuntary petition or case shall be filed or commenced against a Borrower or any other Credit
Party seeking liquidation, winding-up, reorganization, dissolution, arrangement, readjustment of debts, the appointment of a custodian, trustee, receiver or similar official for it or all or a substantial part of its properties or any other relief
under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, and such petition or case shall continue undismissed and unstayed for a period of sixty (60) days; or an order, judgment
or decree approving or ordering any of the foregoing shall be entered in any such proceeding; 
  

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 (h) Any one or more money judgments, writs or warrants of attachment, executions or similar processes
involving an aggregate amount (to the extent not paid or fully bonded or covered by insurance as to which the surety or insurer, as the case may be, has the financial ability to perform and has acknowledged liability in writing) in excess of
$10,000,000 shall be entered or filed against a Borrower or any other Credit Party or any of their respective properties and the same shall not be paid, dismissed, bonded, vacated, stayed or discharged within a period of thirty (30) days or in
any event later than five (5) days prior to the date of any proposed sale of such property thereunder; 
 (i) Any Security Document to
which any Borrower or any other Credit Party is now or hereafter a party shall for any reason cease to be in full force and effect or cease to be effective to give the Administrative Agent a valid and perfected security interest in and Lien upon the
Collateral purported to be covered thereby, subject to no Liens other than Permitted Liens, in each case unless any such cessation occurs in accordance with the terms thereof or is due to any act or failure to act on the part of the Administrative
Agent or any Lender, or any Borrower or any other Credit Party shall assert any of the foregoing; or the Guaranty shall for any reason cease to be in full force and effect as to any Guarantor, or any Guarantor or any Person acting on its behalf
shall deny or disaffirm such Guarantor’s obligations thereunder; 
 (j) Any ERISA Event or any other event or condition shall occur or
exist with respect to any Plan or Multiemployer Plan and, as a result thereof, together with all other ERISA Events and other events or conditions then existing, any Credit Party and its ERISA Affiliates have incurred, or could reasonably be
expected to incur, liability to any one or more Plans or Multiemployer Plans or to the PBGC (or to any combination thereof) that could reasonably be expected to have a Material Adverse Effect; 
 (k) Any of the following shall occur: 
 (i) except as expressly permitted pursuant to Section 8.1(i) or 8.1(vii), the Parent shall cease to own directly or indirectly 100% of the issued and outstanding Capital Stock of the other Borrowers,

 (ii) any Material Subsidiary shall not be a Wholly Owned Subsidiary; 
 (iii) any Person or group of Persons (within the meaning of the Exchange Act rules) shall have become the beneficial owner of outstanding
Capital Stock of the Parent having 30% or more of the Total Voting Power of the Parent, or 
 (iv) the occupation of a
majority of the seats (other than vacant seats) on the board of directors of the Parent by Persons who were neither (x) nominated by the board of directors of the Parent nor (y) appointed by directors so nominated. 
 9.2 Remedies: Termination of Commitments, Acceleration, etc. Upon and at any time after the occurrence and during the continuance of any Event of
Default, the Administrative Agent shall at the direction, or may with the consent, of the Required Lenders, take any or all of the following actions at the same or different times: 
 (a) Declare the Revolving Credit Commitments, the Swingline Commitment, and the Issuing Lender’s obligation to issue Letters of Credit, to be
terminated, whereupon the same shall terminate; provided that, upon the occurrence of a Bankruptcy Event, the Revolving Credit Commitments, the Swingline Commitment and the Issuing Lender’s obligation to issue Letters of Credit shall
automatically be terminated; 
  

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 (b) Declare all or any part of the outstanding principal amount of the Loans to be immediately due and
payable, whereupon the principal amount so declared to be immediately due and payable, together with all interest accrued thereon and all other amounts payable under this Agreement and the other Credit Documents (but excluding any amounts owing
under any Hedge Agreement), shall become immediately due and payable without presentment, demand, protest, notice of intent to accelerate or other notice or legal process of any kind, all of which are hereby knowingly and expressly waived by the
Borrowers; provided that, upon the occurrence of a Bankruptcy Event, all of the outstanding principal amount of the Loans and all other amounts described in this Section 9.2(b) shall automatically become immediately due and
payable without presentment, demand, protest, notice of intent to accelerate or other notice or legal process of any kind, all of which are hereby knowingly and expressly waived by the Borrowers; 
 (c) Direct the Borrowers to deposit (and the Borrowers hereby agree, forthwith upon receipt of notice of such direction from the Administrative Agent, to
deposit) with the Administrative Agent from time to time such additional amount of cash as is equal to the aggregate Stated Amount of all Letters of Credit then outstanding (whether or not any beneficiary under any Letter of Credit shall have drawn
or be entitled at such time to draw thereunder), such amount to be held by the Administrative Agent in the Cash Collateral Account as security for the Letter of Credit Exposure as described in Section 3.8; 
 (d) Appoint or direct the appointment of a receiver for the properties and assets of the Credit Parties, both to operate and to sell such properties and
assets, and the Borrowers, for themselves and on behalf of their Subsidiaries, hereby consent to such right and such appointment and hereby waive any objection the Borrowers or any Subsidiary may have thereto or the right to have a bond or other
security posted by the Administrative Agent on behalf of the Lenders, in connection therewith; and 
 (e) Exercise all rights and remedies
available to it under this Agreement, the other Credit Documents and applicable law. 
 9.3 Remedies: Set-Off. Upon and at any time
after the occurrence and during the continuance of any Event of Default, each Lender, the Issuing Lender and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable
law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender, the Issuing Lender or any
such Affiliate to or for the credit or the account of the Borrowers against any and all of the obligations of the Borrowers now or hereafter existing under this Agreement or any other Credit Document to such Lender or the Issuing Lender,
irrespective of whether or not such Lender or the Issuing Lender shall have made any demand under this Agreement or any other Credit Document and although such obligations of the Borrowers may be contingent or unmatured or are owed to a branch or

  

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office of such Lender or the Issuing Lender different from the branch or office holding such deposit or obligated on such indebtedness. The rights of each
Lender, the Issuing Lender and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, the Issuing Lender or their respective Affiliates may have. Each Lender
and the Issuing Lender agrees to notify the Borrowers 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.

 ARTICLE X 
 THE
ADMINISTRATIVE AGENT 
 10.1 Appointment and Authority. Each of the Lenders (for purposes of this Article, references to the
Lenders shall also mean the Issuing Lender and the Swingline Lender) hereby irrevocably appoints Wachovia to act on its behalf as the Administrative Agent hereunder and under the other Credit 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 and the Lenders, and neither the Borrowers nor any other Credit Party shall have rights as a third party beneficiary of any of such provisions. 
 10.2 Rights as a Lender. The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a
Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include
the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, 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. 
 10.3 Exculpatory Provisions. The Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the
other Loan Documents. 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 or Event of 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 Credit 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 Credit 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 Credit Document or applicable law; and 
  

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 (c) shall not, except as expressly set forth herein and in the other Credit Documents, have any duty to
disclose, and shall not be liable for the failure to disclose, any information relating to the Borrowers or any of their Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any
capacity. 
 The Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request
of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 11.5 and
9.2) 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 or Event of Default unless and until notice describing such Default or Event of
Default is given to the Administrative Agent by a Borrower or a Lender. 
 The Administrative Agent shall not be responsible for or have any
duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Credit Document, (ii) the contents of any certificate, report or other document delivered hereunder
or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default or Event of Default,
(iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Credit 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. 
 10.4 Reliance
by Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any
electronic message, internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement
made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance of a
Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the Issuing Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender or the Issuing Lender unless the Administrative
Agent shall have received notice to the contrary from such Lender or the Issuing Lender prior to the making of such Loan or the issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the
Borrowers), 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. 
 10.5 Delegation of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under
any other Credit 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 

  

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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. 
 10.6 Resignation of Administrative Agent. The Administrative Agent may at any time give notice of its resignation to the Lenders and the Borrowers. Upon receipt of any such notice of resignation, the Required Lenders shall have the
right, in consultation with the Borrowers, 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 thirty (30) days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the Lenders, appoint a
successor Administrative Agent meeting the qualifications set forth above; provided that if the Administrative Agent shall notify the Borrowers 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 Credit Documents (except that in the case of any
collateral security held by the Administrative Agent on behalf of the Lenders under any of the Credit Documents, the retiring Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is
appointed) 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 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 Credit 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 Borrowers and such successor. After the retiring Administrative
Agent’s resignation hereunder and under the other Credit Documents, the provisions of this Article and Section 11.1 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. 
 10.7 Non-Reliance on Administrative Agent and Other Lenders. Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related
Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender 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 Credit Document or any related agreement or any document furnished hereunder or thereunder. 
  

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 10.8 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the
Bookrunners, Arrangers, Syndication Agent, Documentation Agent or other agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Credit Documents, except in its capacity, as
applicable, as the Administrative Agent or a Lender hereunder. 
 10.9 Collateral and Guaranty Matters. 
 (a) The Administrative Agent is hereby authorized on behalf of the Lenders, without the necessity of any notice to or further consent from the Lenders,
from time to time (but without any obligation) to take any action with respect to the Collateral and the Security Documents that may be deemed by the Administrative Agent in its discretion to be necessary or advisable to perfect and maintain
perfected the Liens upon the Collateral granted pursuant to the Security Documents. 
 (b) The Lenders hereby authorize the Administrative
Agent, at its option and in its discretion, (i) to release any Lien granted to or held by the Administrative Agent upon any Collateral (A) upon termination of the Revolving Credit Commitments, termination, expiration or cash
collateralization of all outstanding Letters of Credit and payment in full of all of the Obligations (other than Obligations owing to any Hedge Party under or in connection with any Hedge Agreement required or permitted by this Agreement) then due
and payable, (B) constituting property sold or to be sold or disposed of as part of or in connection with any disposition expressly permitted hereunder or under any other Credit Document or to which the Required Lenders have consented in
writing or (C) otherwise pursuant to and in accordance with the provisions of any applicable Credit Document, provided that, unless agreed to by all of the Lenders, the Administrative Agent shall not release all or substantially all of
the Collateral (except as may be specifically provided in this Agreement or in any Credit Document), (ii) to subordinate any Lien on any property granted to or held by the Administrative Agent under any Credit Document to the holder of any Lien
on such property that is permitted by Section 8.3(xii); (iii) to release (x) any Guarantor from its obligations under the Guaranty or (y) Hewfant from its obligations under this Agreement, in each case 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 Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest in
particular types or items of property, or to release any such Person from its obligations under the Guaranty or this Agreement, as applicable, pursuant to this Section 10.9(b). 
 10.10 Issuing Lender and Swingline Lender. The provisions of this ARTICLE X (other than Section 10.2) shall apply to the
Issuing Lender and the Swingline Lender mutatis mutandis to the same extent as such provisions apply to the Administrative Agent. 
  

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 ARTICLE XI 
 MISCELLANEOUS 
 11.1 Expenses; Indemnity; Damage Waiver. 
 (a) The Borrowers shall pay (i) all reasonable out-of-pocket expenses incurred by the Administrative Agent and its 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 Credit 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 Issuing Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder,(iii) all out-of-pocket expenses incurred by the Administrative Agent, any
Lender or the Issuing Lender (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or the Issuing Lender), in connection with the enforcement or protection of its rights (A) in connection with
this Agreement and the other Credit 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, and (iv) any civil penalty or fine assessed by OFAC against, and all reasonable costs and expenses (including counsel fees and disbursements) incurred in connection
with defense thereof by, the Administrative Agent or any Lender as a result of conduct of the Borrower that violates a sanction enforced by OFAC. 
 (b) The Borrowers shall, jointly and severally, indemnify the Administrative Agent (and any sub-agent thereof), each Lender, and each Related Party of any of the foregoing persons (each such person being called an
“Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements of any counsel for any Indemnitee), incurred by any
Indemnitee or asserted against any Indemnitee by any third party or by the Parent or any of its Subsidiaries arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Credit Document or any
agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, (ii) any Loan or
Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the Issuing Lender to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly
comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Substances on or from any property owned or operated by the Parent or any of its Subsidiaries, or any Environmental Claim related in
any way to the Parent or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third
party or by the Parent or any of its Subsidiaries, 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) are determined by a court of 

  

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competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or
(y) result from a claim brought by the Borrowers or any other Credit Party against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Credit Document, if the Borrowers or such Credit Party
has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. 
 (c) To the
extent that the Borrowers for any reason fail to indefeasibly pay any amount required under Section 11.1(a) or Section 11.1(b) to be paid by them to the Administrative Agent (or any sub-agent thereof), the Issuing Lender or
any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), the Issuing Lender or such Related Party, as the case may be, such Lender’s proportion (based on the percentages
as used in determining the Required Lenders 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 Issuing Lender in its capacity as such, or against any Related Party of any of the foregoing acting for the
Administrative Agent (or any such sub-agent) or the Issuing Lender in connection with such capacity. The obligations of the Lenders under this Section 11.1(c) are subject to the provisions of Section 2.3(c). 
 (d) To the fullest extent permitted by applicable law, the Borrowers shall not assert, and hereby waive, 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 Credit 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 Section 11.1(b) shall be liable for any damages arising from the use by
unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Credit Documents or the transactions
contemplated hereby or thereby. 
 (e) All amounts due under this Section shall be payable by the Borrowers upon demand therefor. 

11.2 Governing Law; Submission to Jurisdiction; Waiver of Venue; Service of Process. 
 (a) This Agreement and the other Credit Documents shall (except as may be expressly otherwise provided in any Credit Document) be governed by, and
construed in accordance with, the law of the State of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but excluding all other choice of law and conflicts of law rules); provided that each Letter of
Credit shall be governed by, and construed in accordance with, the laws or rules designated in such Letter of Credit or application therefor or, if no such laws or rules are designated, the International Standby Practices of the International
Chamber of Commerce, as in effect from time to time (the “ISP”), and, as to matters not governed by the ISP, the laws of the State of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but
excluding all other choice of law and conflicts of law rules). 
  

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 (b) 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 Credit 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 state court or, to the fullest extent permitted by applicable law, in such federal court. Each of the parties hereto agrees that a final judgment in any such action 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 Credit Document shall affect any right that the Administrative Agent, any Lender or the Issuing Lender may
otherwise have to bring any action or proceeding relating to this Agreement or any other Credit Document against a Borrower or any other Credit Party or its properties in the courts of any jurisdiction. 
 (c) 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 Credit Document in any court referred to in Section 11.2(b). 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) Each party hereto irrevocably consents to service of process in the manner provided for notices in Section 11.4. Nothing in this Agreement will affect the right of any party hereto to serve process in any other manner
permitted by applicable law. 
 11.3 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 CREDIT 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 CREDIT DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN
THIS SECTION. 
  

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 11.4 Notices; Effectiveness; Electronic Communication. 
 (a) Except in the cases of notices and other communications expressly permitted to be given by telephone (and except as provided in
Section 11.4(b)), 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:

 (i) if to the Borrowers, the Administrative Agent, the Issuing Lender or the Swingline Lender, to it at the address (or
telecopier number) specified for such person on Schedule 1.1(a); and 
 (ii) if to any Lender, to it at its
address (or telecopier number) set forth in its Administrative Questionnaire. 
 Notices sent by hand or overnight courier service, or mailed by certified or
registered mail, shall be deemed to have been given when received; notices sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given
at the opening of business on the next business day for the recipient). Notices delivered through electronic communications to the extent provided in Section 11.4(b) shall be effective as provided in Section 11.4(b).

 (b) Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication (including e-mail
and internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply to notices to any Lender pursuant to ARTICLE II if such Lender has notified the Administrative
Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or a Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic
communication 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 other communications posted to an internet or intranet website shall be deemed received when received by the Administrative Agent for posting on such internet or intranet website. 

(c) Any party hereto may change its address or telecopier number for notices and other communications hereunder by notice to the other parties hereto
(except that each Lender need not give notice of any such change to the other Lenders in their capacities as such). 
  

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 11.5 Amendments, Waivers, etc. No amendment, modification, waiver or discharge or termination of,
or consent to any departure by any Credit Party from, any provision of this Agreement or any other Credit Document shall be effective unless in a writing signed by the Required Lenders (or by the Administrative Agent at the direction or with the
consent of the Required Lenders), and then the same shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, modification, waiver, discharge, termination
or consent shall: 
 (a) unless agreed to by each Lender directly affected thereby, (i) reduce or forgive the principal amount of any
Loan or Reimbursement Obligation, reduce the rate of or forgive any interest thereon (provided that only the consent of the Required Lenders shall be required to waive the applicability of any post-default increase in interest rates), or
reduce or forgive any fees hereunder (other than fees payable to the Administrative Agent, the Arranger or the Issuing Lender for its own account), (ii) extend the final scheduled maturity date or any other scheduled date for the payment of any
principal of or interest on any Loan (including any scheduled date for the mandatory reduction or termination of any Revolving Credit Commitments, extend the time of payment of any Reimbursement Obligation or any interest thereon, extend the expiry
date of any Letter of Credit beyond the Letter of Credit Maturity Date, or extend the time of payment of any fees hereunder (other than fees payable to the Administrative Agent, the Arranger or the Issuing Lender for its own account), or
(iii) increase any Revolving Credit Commitment of any such Lender over the amount thereof in effect or extend the maturity thereof (it being understood that a waiver of any condition precedent set forth in Section 4.2 or of any
Default or Event of Default or mandatory reduction in the Revolving Credit Commitments, if agreed to by the Required Lenders or all Lenders (as may be required hereunder with respect to such waiver), shall not constitute such an increase);

 (b) unless agreed to by all of the Lenders, (i) release any Guarantor from its obligations under the Guaranty (other than (A) as
may be otherwise specifically provided in this Agreement or in any other Credit Document or (B) in connection with the sale or other disposition of all of the Capital Stock of such Guarantor in a transaction expressly permitted under or
pursuant to this Agreement), (ii) reduce the percentage of the aggregate Revolving Credit Commitments or of the aggregate unpaid principal amount of the Loans, or the number or percentage of Lenders, that shall be required for the Lenders or
any of them to take or approve, or direct the Administrative Agent to take, any action hereunder or under any other Credit Document (including as set forth in the definition of “Required Lenders”), (iii) change any other
provision of this Agreement or any of the other Credit Documents requiring, by its terms, the consent or approval of all the Lenders for such amendment, modification, waiver, discharge, termination or consent, or (iv) change or waive any
provision of Section 2.15, any other provision of this Agreement or any other Credit Document requiring pro rata treatment of any Lenders, or this Section 11.5; and 
 (c) unless agreed to by the Issuing Lender, the Swingline Lender or the Administrative Agent in addition to the Lenders required as provided hereinabove
to take such action, affect the respective rights or obligations of the Issuing Lender, the Swingline Lender or the Administrative Agent, as applicable, hereunder or under any of the other Credit Documents. 
 Notwithstanding the fact that the consent of all Lenders is required in certain circumstances as set forth above, each Lender is entitled to vote as such Lender sees fit
on any bankruptcy reorganization plan that affects the Loans, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code supersedes the unanimous consent provisions set forth herein. 
  

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 11.6 Successors and Assigns. 
 (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns
permitted hereby, except that neither any Borrower nor any other Credit Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender and no Lender may
assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of Section 11.6(b), (ii) by way of participation in accordance with the provisions of
Section 11.6(d) or (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 11.6(e) (and any other attempted assignment or transfer by any party hereto shall be null and void).
Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in
Section 11.6(d) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 (b) Any Lender may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including
all or a portion of its Revolving Credit Commitments and the Loans (including for purposes of this Section 11.6(b), participations in Letters of Credit and in Swingline Loans) at the time owing to it); provided that: 

(i) except in the case of an assignment of the entire remaining amount of the assigning Lender’s Revolving Credit Commitment and
the Loans at the time owing to it or in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund with respect to a Lender, the aggregate amount of the Revolving Credit Commitment (which for this purpose includes Loans
outstanding thereunder) or, if the applicable Revolving Credit 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 (x) $5,000,000, in the case of any
assignment in respect of a Revolving Credit Commitment (which for this purpose includes Revolving Loans outstanding), (y) the entire Swingline Commitment and the full amount of the outstanding Swingline Loans, in the case of Swingline Loans, or
(z) $5,000,000 in the case of any assignment in respect of outstanding Term Loans, unless each of the Administrative Agent and, so long as no Default or Event of Default has occurred and is continuing, the Borrowers otherwise consent (each such
consent not to be unreasonably withheld or delayed); 
 (ii) each partial assignment shall be made as an assignment of a
proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loan or the Revolving Credit Commitment assigned, except that this clause (ii) shall not apply to rights in respect of
Swingline Loans; 
  

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 (iii) any assignment of outstanding Term Loans must be approved by the Administrative
Agent and (so long as no Default or Event of Default has occurred and is continuing) the Borrowers, each such consent not to be unreasonably withheld or delayed, unless the Person that is the proposed assignee is itself a Lender (whether or not the
proposed assignee would otherwise qualify as an Eligible Assignee) 
 (iv) any assignment of a Revolving Credit Commitment
must be approved by the Administrative Agent, the Issuing Lender, the Swingline Lender and (so long as no Default or Event of Default has occurred and is continuing) the Borrowers, each such consent not to be unreasonably withheld or delayed, unless
the Person that is the proposed assignee is itself a Lender (whether or not the proposed assignee would otherwise qualify as an Eligible Assignee); and 
 (v) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500 and the Eligible Assignee, if it shall
not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. 
 Subject to acceptance and recording thereof by the
Administrative Agent pursuant to Section 11.6(c), from and after the effective date specified in each Assignment and Assumption, the Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of the interest
assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its
obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be
entitled to the benefits of Sections 2.16(a), 2.16(b), 2.17, 2.18 and 11.1 with respect to facts and circumstances occurring prior to the effective date of such assignment. If requested by or on behalf of the
Eligible Assignee, the Borrowers, at their own expense, will execute and deliver to the Administrative Agent a new Note or Notes to the order of the Eligible Assignee (and, if the assigning Lender has retained any portion of its rights and
obligations hereunder, to the order of the assigning Lender), prepared in accordance with the applicable provisions of Section 2.4 as necessary to reflect, after giving effect to the assignment, the Revolving Credit Commitments and/or
outstanding Loans, as the case may be, of the Eligible Assignee and (to the extent of any retained interests) the assigning Lender, in substantially the form of Exhibits A-1 and/or A-2, as applicable. Any assignment or transfer by
a Lender of rights or obligations under this Agreement that does not comply with this Section 11.6(b) 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 Section 11.6(c). 
 (c) The Administrative Agent, acting solely for this purpose as an agent of the Borrowers,
shall maintain at its address for notices referred to in Schedule 1.1(a) 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 Revolving Credit
Commitments of, and principal amounts of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, 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 each of the Borrowers and the Issuing 

  

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Lender, at any reasonable time and from time to time upon reasonable prior notice. In addition, at any time that a request for a consent for a material or
substantive change to the Credit Documents is pending, any Lender wishing to consult with other Lenders in connection therewith may request and receive from the Administrative Agent a copy of the Register. 
 (d) Any Lender may at any time, without the consent of, or notice to, the Borrowers or the Administrative Agent, sell participations to any Person (other
than a natural person or the Borrowers 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 Revolving Credit Commitments and/or the Loans (including such Lender’s participations in Letters of Credit and Swingline Loans) owing to it); provided that (i) such Lender’s obligations under this Agreement shall
remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrowers, the Administrative Agent and the Lenders 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 Section 11.5(a) and clause (i) of Section 11.5(b) that affects such Participant. Subject to Section 11.6(e), the Borrowers agree that each
Participant shall be entitled to the benefits of Sections 2.16(a), 2.16(b), 2.17 and 2.18 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 11.6(b). To the extent
permitted by law, each Participant also shall be entitled to the benefits of Section 9.3 as though it were a Lender; provided such Participant agrees to be subject to Section 2.15(b) as though it were a Lender.

 (e) A Participant shall not be entitled to receive any greater payment under Section 2.16(a), Section 2.16(b) or
Section 2.17 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 Borrowers’ 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 2.17 unless the Borrowers are notified of the participation sold to such Participant and such Participant
agrees, for the benefit of the Borrowers, to comply with Section 2.17(e) as though it were a Lender. 
 (f) 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 Notes, 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) The words “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption shall be deemed
to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping 

  

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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 or any state laws based on the Uniform Electronic Transactions Act. 
 (h) Any Lender or participant may, in connection with any
assignment, participation, pledge or proposed assignment, participation or pledge pursuant to this Section 11.6, disclose to the Assignee, Participant or pledgee or proposed Assignee, Participant or pledgee any information relating to
the Borrowers and their Subsidiaries furnished to it by or on behalf of any other party hereto, provided that such Assignee, Participant or pledgee or proposed Assignee, Participant or pledgee agrees in writing to keep such information
confidential to the same extent required of the Lenders under Section 11.11. 
 (i) Notwithstanding anything to the contrary
contained herein, if Wachovia assigns all of its Revolving Credit Commitments and Revolving Loans in accordance with this Section 11.6, Wachovia may resign as Issuing Lender upon written notice to the Borrowers and the Lenders. Upon any
such notice of resignation, the Borrowers shall have the right to appoint from among the Lenders a successor Issuing Lender; provided that no failure by the Borrowers to make such appointment shall affect the resignation of Wachovia as
Issuing Lender. Wachovia shall retain all of the rights and obligations of the Issuing Lender hereunder with respect to all Letters of Credit issued by it and outstanding as of the effective date of its resignation and all obligations of the
Borrowers and the Revolving Credit Lenders with respect thereto (including the right to require the Revolving Credit Lenders to make Revolving Loans or fund participation interests pursuant to ARTICLE III). 
 (j) Notwithstanding any other provision of this Agreement, no Lender will assign its rights and obligations under this Agreement, or sell participations
in its rights and/or obligations under this Agreement, to any Person who is (i) listed on the Specially Designated Nationals and Blocked Persons List maintained by OFAC and/or on any other similar list maintained by OFAC pursuant to any
authorizing statute, executive order or regulation or (ii) either (A) included within the term “designated national” as defined in the Cuban Assets Control Regulations, 31 C.F.R. Part 515 or (B) designated under Sections
1(a), 1(b), 1(c) or 1(d) of Executive Order No. 13224, 66 Fed. Reg. 49079 (published September 25, 2001) or similarly designated under any related enabling legislation or any other similar executive orders. 
 11.7 No Waiver. The rights and remedies of the Administrative Agent and the Lenders expressly set forth in this Agreement and the other Credit
Documents are cumulative and in addition to, and not exclusive of, all other rights and remedies available at law, in equity or otherwise. No failure or delay on the part of the Administrative Agent or any Lender in exercising any right, power or
privilege shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or privilege preclude other or further exercise thereof or the exercise of any other right, power or privilege or be construed to be a
waiver of any Default or Event of Default. No course of dealing between any Credit Party, the Administrative Agent or the Lenders or their agents or employees shall be effective to amend, modify or discharge any provision of this Agreement or any
other Credit Document or to constitute a waiver of any Default or Event of Default. No notice to or demand upon any Credit Party in any case shall entitle any Credit Party to any other or further notice or demand in similar or other circumstances or
constitute a waiver of the right of the Administrative Agent or any Lender to exercise any right or remedy or take any other or further action in any circumstances without notice or demand. 
  

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 11.8 Survival. All representations, warranties and agreements made by or on behalf of the
Borrowers or any other Credit Party in this Agreement and in the other Credit Documents shall survive the execution and delivery hereof or thereof, the making and repayment of the Loans and the issuance and repayment of the Letters of Credit. In
addition, notwithstanding anything herein or under applicable law to the contrary, the provisions of this Agreement and the other Credit Documents relating to indemnification or payment of costs and expenses, including, without limitation, the
provisions of Sections 2.16(a), 2.16(b), 2.17, 2.18 and 11.1, shall survive the payment in full of all Loans and Letters of Credit, the termination of the Revolving Credit Commitments and all Letters of Credit, and any termination
of this Agreement or any of the other Credit Documents. 
 11.9 Severability. To the extent any provision of this Agreement is
prohibited by or invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in such jurisdiction, without prohibiting or invalidating such provision in any
other jurisdiction or the remaining provisions of this Agreement in any jurisdiction. 
 11.10 Construction. The headings of the
various articles, sections and subsections of this Agreement and the table of contents have been inserted for convenience only and shall not in any way affect the meaning or construction of any of the provisions hereof. Except as otherwise expressly
provided herein and in the other Credit Documents, in the event of any inconsistency or conflict between any provision of this Agreement and any provision of any of the other Credit Documents, the provision of this Agreement shall control. Without
limiting the foregoing, no payment by the Borrowers under this Agreement, including without limitation any voluntary or mandatory prepayment of the Loans, shall affect the Borrowers’ obligation to continue making payments under any Hedge
Agreement with any Hedge Party, which shall remain in full force and effect notwithstanding such prepayment, subject to the terms of such Hedge Agreement. 
 11.11 Confidentiality. Each of the Administrative Agent, the Lenders and the Issuing Lender agree to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed
(a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, advisors and other representatives (it being understood that the Persons to whom such disclosure is made will be informed of
the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by 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 Requirements of Law or by any subpoena or similar legal process’ provided, that the Administrative Agent, the Issuing Lender or such
Lender, as the case may be, shall, at the Borrowers’ expense, request confidential treatment of such Information to the extent permitted by applicable law and the Administrative Agent, the Issuing Lender, or such Lender, as the case may be,
shall, to the extent permitted by applicable law, promptly inform the Borrowers with respect thereto so that the Borrowers may seek appropriate protective relief to the extent permitted by applicable law and provided, further, that in
the event that such protective remedy or other remedy is not obtained, the Administrative Agent, the Issuing Lender 
  

 97 

 
or such Lender, as the case may be, shall furnish only that portion of the Information that, on the advice of counsel, is legally required and shall disclose
the Information in a manner reasonably designed to preserve its confidential nature and shall cooperate (at the Borrowers’ expense) with the Borrowers’ counsel to obtain a protective order or other reasonable assurance that confidential
treatment will be accorded to the Information, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Credit Document or any Hedge Agreement or any action or proceeding relating to
this Agreement or any other Credit Document or any Hedge Agreement or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee
of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement, (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to a
Borrower and its obligations, (iii) an investor or prospective investor in an Approved Fund that also agrees that Information shall be used solely for the purpose of evaluating an investment in such Approved Fund, (iv) a trustee,
collateral manager, servicer, backup servicer, noteholder or secured party in an Approved Fund in connection with the administration, servicing and reporting on the assets serving as collateral for an Approved Fund, or (v) a nationally
recognized rating agency that requires access to information regarding the Credit Parties, the Loans and Credit Documents in connection with ratings issued with respect to an Approved Fund, (g) with the consent of the Borrowers 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 Issuing Lender or any of their respective Affiliates on a
nonconfidential basis from a source other than the Borrowers or any of their Subsidiaries or Affiliates. 
 For purposes of this Section,
“Information” means all information received from the Credit Parties relating to any Credit Party or any of their respective businesses, other than any such information that is available to the Administrative Agent, any Lender or
the Issuing Lender on a nonconfidential basis prior to disclosure by any Credit Party. 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. 
 11.12 Joint and Several Liability. 
 (a) The Borrowers are jointly and severally liable for the
Obligations. The Obligations of the Borrowers are independent of each other, and a separate action or actions may be brought and prosecuted against any Borrower to enforce this Agreement, irrespective of whether any action is brought against any
other Borrower or whether any other Borrower is joined in any such action or actions. 
 (b) Notwithstanding any provision to the contrary
contained herein or in any other of the Credit Documents, to the extent the obligations of any Borrower to repay any Obligations incurred by another Borrower shall be adjudicated to be invalid or unenforceable for any reason (including, without
limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of such Borrower hereunder shall be limited to the maximum amount that is valid and enforceable under applicable law
(whether federal or state and including, without limitation, the Bankruptcy Code). 
  

 98 

 (c) Each Borrower agrees that all indebtedness and other obligations, whether now or hereafter existing,
of any Borrower or any other Subsidiary to a Borrower, and any intercompany receivables, together with any interest thereon, shall be, and hereby are, subordinated and made junior in right of payment to the Obligations. Each Borrower further agrees
that if any amount shall be paid to or any distribution received by it (i) on account of any such indebtedness at any time after the occurrence and during the continuance of an Event of Default, or (ii) on account of any such rights of
subrogation, indemnity, contribution or reimbursement at any time prior to the satisfaction of Obligations hereunder, such amount or distribution shall be deemed to have been received and to be held in trust for the benefit of the Lenders, and shall
forthwith be delivered to the Administrative Agent in the form received (with any necessary endorsements in the case of written instruments), to be applied against the Obligations, whether or not matured, in accordance with the terms hereof or the
applicable Credit Documents and without in any way discharging, limiting or otherwise affecting the liability of such Borrower under any other provision of this Agreement. 
 (d) To the fullest extent permitted under applicable law, each Borrower hereby waives any right to require the Administrative Agent or any Lender to
(i) proceed against any Borrower, any other guarantor or any other party, or (ii) pursue any other remedy in the Administrative Agent’s or any Lender’s power whatsoever. Each Borrower waives any defense based on or arising out of
any defense of any other Borrower, any other guarantor or any other party other than the satisfaction in full of the Obligations, including without limitation any defense based on or arising out of the disability of any other Borrower, any other
guarantor or any other party or the cessation from any cause of the liability of any other Borrower other than the satisfaction in full of Obligations. Each Borrower waives all presentments, demands for performance, protests and notices, including
without limitation notices of nonperformance, notices of protest, notices of dishonor, notices of acceptance, and notices of the existence, creation or incurring of new or additional indebtedness. 
 11.13 Appointment of Administrative Borrower. Each Borrower hereby irrevocably appoints Jackson Hewitt as the borrowing agent and attorney-in-fact
for the Borrowers (the “Administrative Borrower”) which appointment shall remain in full force and effect unless and until the Administrative Agent shall have received prior written notice signed by all of the Borrowers that such
appointment has been revoked and that another Borrower has been appointed Administrative Borrower. Each Borrower hereby irrevocably appoints and authorizes the Administrative Borrower (i) to provide to the Administrative Agent and receive from
the Administrative Agent all notices with respect to Loans obtained for the benefit of any Borrower and all other notices and instructions under this Agreement and (ii) to take such action as the Administrative Borrower deems appropriate on its
behalf to obtain Loans and to exercise such other powers as are reasonably incidental thereto to carry out the purposes of this Agreement. 
 11.14 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 Credit Documents constitute the entire contract among the parties 
  

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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 for the Fee Letter). 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 shall be effective as delivery of a manually executed counterpart of this Agreement. 
 11.15 Disclosure of Information. The Borrowers agree and consent to the Administrative Agent’s and the Arranger’s disclosure of
information relating to this transaction to Gold Sheets and other similar bank trade publications. Such information will consist of deal terms and other information customarily found in such publications. 
 11.16 USA Patriot Act Notice. Each Lender that is subject to the Act (as defined below) 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 the Borrowers and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrowers in accordance with
the Act. 
  

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

			
	 JACKSON HEWITT TAX SERVICE INC.
 JACKSON HEWITT INC.
 TAX SERVICES OF AMERICA, INC.
 HEWFANT INC.

		
	By:	 	 
	Name:	 	 
	Title:	 	 

 (signatures continued) 

			
	WACHOVIA BANK, NATIONAL ASSOCIATION, as Administrative Agent, Issuing Lender and as a Lender
		
	By:	 	 
	Name:	 	 
	Title:	 	 

			
	BANK OF AMERICA, N.A., as Syndication Agent, and as a Lender
		
	By:	 	 
	Name:	 	 
	Title:	 	 

			
	CITIBANK, N.A., as Syndication Agent, and as a Lender
		
	By:	 	 
	Name:	 	 
	Title:	 	 

			
	PNC BANK, NATIONAL ASSOCIATION, as Documentation Agent, and as a Lender
		
	By:	 	 
	Name:	 	 
	Title:	 	 

			
	JPMORGAN CHASE BANK, N.A., as Documentation Agent, and as a Lender
		
	By:	 	 
	Name:	 	 
	Title:	 	 

			
	HSBC BANK USA, NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 
	Name:	 	 
	Title:	 	 

			
	FIFTH THIRD BANK, as a Lender
		
	By:	 	 
	Name:	 	 
	Title:	 	 

			
	RBS / CITIZENS BANK, as a Lender
		
	By:	 	 
	Name:	 	 
	Title:	 	 

			
	UNION BANK OF CALIFORNIA, N.A., as a Lender
		
	By:	 	 
	Name:	 	 
	Title:	 	 

			
	CAPITAL ONE BANK (formerly North Fork Bank), as a Lender
		
	By:	 	 
	Name:	 	 
	Title:	 	 

			
	THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND, as a Lender
		
	By:	 	 
	Name:	 	 
	Title:	 	 

			
	TD BANK (formerly Commerce Bank), as a Lender
		
	By:	 	 
	Name:	 	 
	Title:Pledge and Security Agreement, dated April 27, 2009.

 Exhibit 10.37 
 PLEDGE AND SECURITY AGREEMENT 
 THIS PLEDGE AND SECURITY AGREEMENT, dated
as of the 27th day of April, 2009 (this “Agreement”), is made by
JACKSON HEWITT TAX SERVICE INC., a Delaware corporation (the “Parent”), and by each of the undersigned Subsidiaries of the Parent and each other Subsidiary that, after the date hereof, executes an instrument of accession
hereto substantially in the form of Exhibit C (a “Pledgor Accession”; the undersigned and such other Subsidiaries, collectively, together with the Parent, the “Pledgors”), in favor of WACHOVIA BANK,
NATIONAL ASSOCIATION, as Administrative Agent for the Lenders party to the Credit Agreement referred to below (in such capacity, the “Administrative Agent”), for the benefit of the Secured Parties (as hereinafter defined).
Except as otherwise provided herein, capitalized terms used herein without definition have the meanings given to them in the Credit Agreement referred to below. 
 RECITALS 
 A. The Parent, the other Borrowers party thereto, the Lenders and the Administrative Agent
are parties to an Amended and Restated Credit Agreement, dated as of October 6, 2006, as amended by the First Amendment to Amended and Restated Credit Agreement, dated as of October 31, 2007, and as amended by the Second Amendment to
Amended and Restated Credit Agreement, dated as of the May 21, 2008 (as amended, modified, restated or supplemented from time to time, the “Credit Agreement”), providing for the availability of certain credit facilities to the
Borrowers upon the terms and subject to the conditions set forth therein. 
 B. As a condition to the effectiveness of the Agreement for
Third Amendment of Amended and Restated Credit Agreement dated as of the date hereof (the “Amendment Agreement”), each of the Parent and each Subsidiary that is a party to this Agreement as of the date hereof has agreed to secure
the payment in full of their respective obligations under the Credit Agreement, the Guaranty Agreement and the other Credit Documents to which it is a party. Additionally, certain other Subsidiaries of the Parent may from time to time after the date
hereof enter into the Guaranty Agreement, pursuant to which such Subsidiaries will guarantee to the Secured Parties the payment in full of the Obligations of the Borrowers under the Credit Agreement and the other Credit Documents and secure the
payment in full of their respective obligations thereunder. The Secured Parties are relying on this Agreement in their decision to enter into the Amendment Agreement and to continue to extend credit to the Borrowers under the Credit Agreement as
amended thereby, and would not enter into the Amendment Agreement without the execution and delivery of this Agreement by the Pledgors. 
 C.
The Pledgors will obtain benefits as a result of the extension of credit to the Borrowers under the Credit Agreement, which benefits are hereby acknowledged, and, accordingly, desire to execute and deliver this Agreement. 

 STATEMENT OF AGREEMENT 
 NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, to induce the Secured Parties to enter into the Amendment Agreement and to induce the Lenders to extend credit to the Borrowers under the Credit Agreement as amended thereby, each Pledgor hereby agrees as follows: 
 ARTICLE I 
 DEFINITIONS

 1.1 Defined Terms. The following terms that are defined in the Uniform Commercial Code (as hereinafter defined) are used in
this Agreement as so defined (and, in the event any such term is defined differently for purposes of Article 9 of the Uniform Commercial Code than for any other purpose or purposes of the Uniform Commercial Code, the Article 9 definition shall
govern): Account, As-Extracted Collateral, Chattel Paper, Commercial Tort Claim, Commodity Account, Commodity Intermediary, Deposit Accounts, Documents, Electronic Chattel Paper, Equipment, Fixtures, General Intangibles, Goods, Instruments,
Inventory, Investment Property, Letter-of-Credit Rights, Money, Record, Securities Account, Securities Intermediary, Software, Supporting Obligations and Tangible Chattel Paper. In addition, the following terms have the meanings set forth below:

 “Collateral” has the meaning given to such term in Section 2.1. 
 “Collateral Accounts” has the meaning given to such term in Section 6.3. 
 “Contracts” means, collectively, all rights of each Pledgor under all leases, contracts and agreements to which such Pledgor is now or
hereafter a party, including, without limitation, all rights, privileges and powers under Ownership Agreements and Licenses, together with any and all extensions, modifications, amendments and renewals of such leases, contracts and agreements and
all rights of such Pledgor to receive moneys due or to become due thereunder or pursuant thereto and to amend, modify, terminate or exercise rights under such leases, contracts and agreements. 
 “Copyright Collateral” means, collectively, all Copyrights and Copyright Licenses to which any Pledgor is or hereafter becomes a party.

 “Copyright License” means any written agreement now or hereafter in effect granting any right to any third party under
any Copyright now or hereafter owned by any Pledgor or which any Pledgor otherwise has the right to license, or granting any right to any Pledgor under any property of the type described in the definition of Copyright herein now or hereafter owned
by any third party, and all rights of any Pledgor under any such agreement. 
 “Copyrights” means, collectively, all of each
Pledgor’s copyrights, copyright registrations and applications for copyright registration, whether under the laws of the United States or any other country or jurisdiction, including all recordings, supplemental registrations and derivative or
collective work registrations, and all renewals and extensions thereof, in each case whether now owned or existing or hereafter acquired or arising. 
  

 2 

 “Foreign Entity” shall mean, with respect to any Pledgor, any corporation, partnership,
limited liability company or other business entity (i) which is organized under the laws of a jurisdiction other than a state of the United States or the District of Columbia and (ii) of which securities or other ownership interests
representing more than 50% of the equity, more than 50% of the ordinary voting power, more than 50% of the general partnership interests or more than 50% of the limited liability company membership interests are, at the time of any determination is
being made, owned directly by the Pledgor. 
 “License” means any Copyright License, Patent License or Trademark License.

 “Mobile Goods” means, collectively, all of each Pledgor’s motor vehicles, tractors, trailers, aircraft, rolling
stock and other like property, whether or not the title thereto is governed by a certificate of title or ownership, in each case whether now owned or existing or hereafter acquired. 
 “Ownership Agreement” means any partnership agreement, joint venture agreement, limited liability company operating agreement,
stockholders agreement or other agreement creating, governing or evidencing any such capital stock or equity interests and to which any Pledgor is now or hereafter becomes a party, as any such agreement may be amended, modified, supplemented,
restated or replaced from time to time. 
 “Patent Collateral” means, collectively, all Patents and all Patent Licenses to
which any Pledgor is or hereafter becomes a party. 
 “Patent License” means any written agreement now or hereafter in
effect granting to any third party any right to make, use or sell any invention on which a Patent, now or hereafter owned by any Pledgor or which any Pledgor otherwise has the right to license, is in existence, or granting to any Pledgor any right
to make, use or sell any invention on which property of the type described in the definition of Patent herein, now or hereafter owned by any third party, is in existence, and all rights of any Pledgor under any such agreement. 
 “Patents” means, collectively, all of each Pledgor’s letters patent, whether under the laws of the United States or any other
country or jurisdiction, all recordings and registrations thereof and applications therefor, including, without limitation, the inventions and improvements described therein, and all reissues, continuations, divisions, renewals, extensions,
substitutions and continuations-in-part thereof, in each case whether now owned or existing or hereafter acquired or arising. 
 “Permitted Hedge Agreement” means any Hedge Agreement that is required or permitted by the Credit Agreement to be entered into by the Borrower. 
 “Pledged Interests” means, collectively, (i) all of the issued and outstanding shares, interests or other equivalents of capital stock of each Person that is a direct Subsidiary of any Pledgor as
of the date hereof or that becomes a direct Subsidiary of any Pledgor at any time after the date hereof, at any time now or hereafter owned by any Pledgor, whether voting or 

  

 3 

 
non-voting and whether common or preferred; (ii) all partnership, joint venture, limited liability company or other equity interests in each Person not
a corporation that is a direct Subsidiary of any Pledgor as of the date hereof or that becomes a direct Subsidiary of any Pledgor at any time after the date hereof, at any time now or hereafter owned by any Pledgor; (iii) all options, warrants
and other rights to acquire, and all securities convertible into, any of the foregoing; (iv) all rights to receive interest, income, dividends, distributions, returns of capital and other amounts (whether in cash, securities, property, or a
combination thereof), and all additional stock, warrants, options, securities, interests and other property, from time to time paid or payable or distributed or distributable in respect of any of the foregoing (but subject to the provisions of
Section 5.3), including, without limitation, all rights of such Pledgor to receive amounts due and to become due under or in respect of any Ownership Agreement or upon the termination thereof; (v) all rights of access to the books
and records of any such Person; and (vi) all other rights, powers, privileges, interests, claims and other property in any manner arising out of or relating to any of the foregoing, of whatever kind or character (including any tangible or
intangible property or interests therein), and whether provided by contract or granted or available under applicable law in connection therewith, including, without limitation, such Person’s right to vote and to manage and administer the
business of any such Subsidiary pursuant to any applicable Ownership Agreement, in each case together with all certificates, instruments and entries upon the books of financial intermediaries at any time evidencing any of the foregoing. 

“Proceeds” has the meaning given to such term in Section 2.1. 
 “Secured Obligations” has the meaning given to such term in Section 2.2. 
 “Secured Parties” means, collectively, the Lenders (including the Issuing Lender and the Swingline Lender in their capacities as such,
and including any Lender or any Affiliate of any Lender in its capacity as a Hedge Party under any Permitted Hedge Agreement) and the Administrative Agent. 
 “Trademark Collateral” means, collectively, all Trademarks and Trademark Licenses to which any Pledgor is or hereafter becomes a party. 
 “Trademark License” means any written agreement now or hereafter in effect granting any right to any third party under any Trademark now
or hereafter owned by any Pledgor or which any Pledgor otherwise has the right to license, or granting any right to any Pledgor under any property of the type described in the definition of Trademark herein now or hereafter owned by any third party,
and all rights of any Pledgor under any such agreement. 
 “Trademarks” means, collectively, all of each Pledgor’s
trademarks, service marks, trade names, corporate and company names, business names, logos, trade dress, trade styles, other source or business identifiers, designs and general intangibles of a similar nature, whether under the laws of the United
States or any other country or jurisdiction, all recordings and registrations thereof and applications therefor, all renewals, reissues and extensions thereof, all rights corresponding thereto, and all goodwill associated therewith or symbolized
thereby, in each case whether now owned or existing or hereafter acquired or arising. 
  

 4 

 “Uniform Commercial Code” means the Uniform Commercial Code as the same may be in effect
from time to time in the State of New York; provided that if, by reason of applicable law, the attachment, perfection or priority of any security interest in any Collateral granted under this Agreement is governed by the Uniform Commercial
Code as in effect in another jurisdiction, then as to the attachment, perfection or priority, as the case may be, of such security interest, “Uniform Commercial Code” means the Uniform Commercial Code as in effect from time to time in such
other jurisdiction. 
 1.2 Other Terms; Construction. All terms in this Agreement that are not capitalized shall, unless the context
otherwise requires, have the meanings provided by the Uniform Commercial Code to the extent the same are used or defined therein. 
 ARTICLE II 
 CREATION OF SECURITY INTEREST 
 2.1 Pledge and Grant of Security Interest. Each Pledgor hereby pledges, assigns and delivers to the Administrative Agent, for the ratable benefit
of the Secured Parties, and grants to the Administrative Agent, for the ratable benefit of the Secured Parties, a Lien upon and security interest in, all of such Pledgor’s right, title and interest in and to the following property and assets of
such Pledgor, in each case whether now owned or existing or hereafter acquired or arising and wherever located (collectively, the “Collateral”): 
  

	 	(i)	all Accounts; 

  

	 	(ii)	all As-Extracted Collateral; 

  

	 	(iii)	all Chattel Paper; 

  

	 	(iv)	the Commercial Tort Claims (if any) set forth on Annex I hereto; 

  

	 	(v)	all Contracts; 

  

	 	(vi)	all Copyright Collateral; 

  

	 	(vii)	all Deposit Accounts; 

  

	 	(viii)	all Documents; 

  

	 	(ix)	all Equipment; 

  

	 	(x)	all Fixtures; 

  

	 	(xi)	all General Intangibles; 

  

	 	(xii)	all Goods; 

  

	 	(xiii)	all Instruments; 

  

 5 

	 	(xiv)	all Inventory; 

  

	 	(xv)	all Investment Property; 

  

	 	(xvi)	all Letter-of-Credit Rights; 

  

	 	(xvii)	all Patent Collateral; 

  

	 	(xviii)	all Pledged Interests; 

  

	 	(xix)	all Software; 

  

	 	(xx)	all Supporting Obligations; 

  

	 	(xxi)	all Trademark Collateral; 

  

	 	(xxii)	all Money of such Pledgor, wherever held; 

  

	 	(xxiii)	to the extent not covered or not specifically excluded by clauses (i) through (xxii) above, all of such Pledgor’s other personal property; 

  

	 	(xxiv)	all Records; 

  

	 	(xxv)	all accessions, additions, attachments, improvements, modifications and upgrades to, replacements of and substitutions for any of the foregoing; and 

  

	 	(xxvi)	any and all proceeds, as defined in the Uniform Commercial Code, products, rents, royalties and profits of or from any and all of the foregoing and, to the extent not otherwise
included in the foregoing, (w) all payments under any insurance (whether or not the Administrative Agent is the loss payee thereunder), indemnity, warranty or guaranty with respect to any of the foregoing Collateral, (x) all payments in
connection with any requisition, condemnation, seizure or forfeiture with respect to any of the foregoing Collateral, (y) all claims and rights (but not obligations) to recover for any past, present or future infringement or dilution of or
injury to any Copyright Collateral, Patent Collateral or Trademark Collateral, and (z) all other amounts from time to time paid or payable under or with respect to any of the foregoing Collateral (collectively, “Proceeds”). For
purposes of this Agreement, the term “Proceeds” includes whatever is receivable or received when Collateral or Proceeds are sold, exchanged, collected or otherwise disposed of, whether voluntarily or involuntarily;

 provided, however, that notwithstanding any of the other provisions set forth in this Section 2.1,
in no event shall the security interest granted under this Section 2.1 attach to (1) any Contract to which any Pledgor is a party or any of its rights or interests thereunder if and for so long as the grant of such security interest
shall constitute or result in (A) the abandonment, invalidation or unenforceability of any right, title or interest of any Pledgor therein or (B) in a breach or termination pursuant to the terms of, or a default under, any such Contract
(other than to the extent that any such term would be rendered ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction 

  

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or any other applicable law (including the Bankruptcy Code) or principles of equity), provided that, upon the termination or lapse of any such of the
above-described conditions with respect to any such Contract, such Pledgor shall, automatically and without the necessity of any further action on the part of such Pledgor or any other Person, be deemed to have granted to the Administrative Agent a
security interest in and Lien upon all of such Pledgor’s right, title and interest in and to such Contract and the same shall constitute Collateral hereunder, all as if such restriction had never been effective; and provided further that
nothing in this clause (1) shall limit or restrict the assignment or grant of a security interest by any Pledgor in any Proceeds of any such Contract, (2) any of the outstanding equity or other ownership interests of a Foreign Entity in
excess of 65% of the voting power of all classes of equity or other ownership interests of such Foreign Entity entitled to vote; and (3) any applications for Trademarks filed in the United States Patent and Trademark Office (the
“PTO”) pursuant to 15 U.S.C. §1051 Section 1(b) unless and until evidence of use of the mark in interstate commerce is submitted to the PTO pursuant to 15 U.S.C. §1051 Section 1(c) or Section 1(d). 
 Notwithstanding the foregoing, the Administrative Agent may, in its sole discretion, reject or refuse to accept for credit toward payment of the Secured Obligations any
Collateral that is an Account, Instrument, Chattel Paper, lease or other obligation or property of any kind due or owing from or belonging to a Sanctioned Person. 
 2.2 Security for Secured Obligations. This Agreement and the Collateral secure the full and prompt payment, at any time and from time to time as and when due (whether at the stated maturity, by acceleration or
otherwise), of (a) in the case of each of the Borrowers under the Credit Agreement, all Obligations of such Borrower under the Credit Agreement and the other Credit Documents, including, without limitation, all principal of and interest on the
Loans, all Reimbursement Obligations, all fees, expenses, indemnities and other amounts payable by such Borrower under the Credit Agreement or any other Credit Document (including interest accruing after the filing of a petition or commencement of a
case by or with respect to such Borrower seeking relief under any applicable federal and state laws pertaining to bankruptcy, reorganization, arrangement, moratorium, readjustment of debts, dissolution, liquidation or other debtor relief,
specifically including, without limitation, the Bankruptcy Code and any fraudulent transfer and fraudulent conveyance laws, whether or not the claim for such interest is allowed in such proceeding), and all obligations of any Borrower to any Hedge
Party under any Permitted Hedge Agreement, and (b) in the case of each other Pledgor, all of its liabilities and obligations as a Guarantor (as defined in the Guaranty Agreement) in respect of the Obligations; and in each case under
(a) and (b) above, (i) all such liabilities and obligations that, but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, would become due, and (ii) all fees, costs and expenses payable by
the Pledgors under Section 8.1, in each case under (a) and (b) above whether now existing or hereafter created or arising and whether direct or indirect, absolute or contingent, due or to become due (the liabilities and
obligations of the Pledgors described in this Section 2.2, collectively, the “Secured Obligations”). 
  

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 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES 
 Each Pledgor represents and warrants as follows: 
 3.1 Ownership of Collateral. Each Pledgor owns, or has valid rights as a lessee or licensee with respect to, all Collateral purported to be
pledged by it hereunder, free and clear of any Liens except for the Liens granted to the Administrative Agent, for the benefit of the Secured Parties, pursuant to this Agreement, and except for other Permitted Liens. No security agreement, financing
statement or other public notice with respect to all or any part of the Collateral is on file or of record in any government or public office, and no Pledgor has filed or consented to the filing of any such statement or notice, except
(i) Uniform Commercial Code financing statements naming the Administrative Agent as secured party, (ii) security instruments filed in the U.S. Copyright Office or the U.S. Patent and Trademark Office naming the Administrative Agent as
secured party, (iii) filings with respect to which termination statements and other necessary releases have been delivered to the Administrative Agent for filing, and (iv) as may be otherwise permitted by the Credit Agreement. 

3.2 Security Interests; Filings. This Agreement, together with (i) the filing, with respect to each Pledgor, of duly completed Uniform
Commercial Code financing statements naming such Pledgor as debtor, the Administrative Agent as secured party, and describing the Collateral, in the jurisdictions set forth with respect to such Pledgor on Annex A hereto, (ii) to the
extent required by applicable law, the filing, with respect to each relevant Pledgor, of duly completed and executed assignments in the forms set forth as Exhibits A and B with the U.S. Copyright Office or the U.S. Patent and
Trademark Office, as appropriate, with regard to registered Copyright Collateral, Patent Collateral and Trademark Collateral of such Pledgor, as the case may be, (iii) in the case of uncertificated Pledged Interests consisting of capital stock,
registration of transfer thereof to the Administrative Agent on the issuer’s books or the execution by the issuer of a control agreement satisfying the requirements of Section 8-106 (or its successor provision) of the Uniform Commercial
Code, and (iv) the delivery to the Administrative Agent of all stock certificates and Instruments included in the Collateral (and assuming continued possession thereof by the Administrative Agent), creates, and at all times shall constitute, a
valid and perfected security interest in and Lien upon the Collateral in favor of the Administrative Agent, for the benefit of the Secured Parties, to the extent a security interest therein can be perfected by such filings or possession, as
applicable, superior and prior to the rights of all other Persons therein (except for Permitted Liens), and no other or additional filings, registrations, recordings or actions are or shall be necessary or appropriate in order to maintain the
perfection and priority of such Lien and security interest, other than actions required with respect to Collateral of the types excluded from Article 9 of the Uniform Commercial Code or from the filing requirements under such Article 9 by
reason of Section 9-109, 9-309 or 9-310 of the Uniform Commercial Code and other than continuation statements required under the Uniform Commercial Code; provided that subsequent recordings in the U. S. Patent and Trademark Office and U.
S. Copyright Office may be necessary with respect to registrations and applications for Intellectual Property acquired by a Pledgor after the date hereof and to the extent that a security interest may be granted in a jurisdiction outside of the
United States, additional filings and/or other actions may be required to perfect a security interest in Intellectual Property which is created under the laws of a jurisdiction outside the United States. 
  

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 3.3 Locations. Annex B lists, as to each Pledgor, (i) its exact legal name,
(ii) the jurisdiction of its incorporation or organization, its federal tax identification number, and (if applicable) its organizational identification number, and (iii) the addresses of its chief executive office. No Pledgor presently
conducts business under any prior or other corporate or company name or under any trade or fictitious names, except as indicated beneath its name on Annex B. 
 3.4 Authorization; Consent. No authorization, consent or approval of, or declaration or filing with, any Governmental Authority (including, without limitation, any notice filing with state tax or revenue
authorities required to be made by account creditors in order to enforce any Accounts in such state) is required for the valid execution, delivery and performance by any Pledgor of this Agreement, the grant by it of the Lien and security interest in
favor of the Administrative Agent provided for herein, or the exercise by the Administrative Agent of its rights and remedies hereunder, except for (i) the filings described in Section 3.2, (ii) in the case of Accounts owing
from any federal governmental agency or authority, the filing by the Administrative Agent of a notice of assignment in accordance with the federal Assignment of Claims Act of 1940, as amended, and (iii) in the case of Pledged Interests, such
filings and approvals as may be required in connection with a disposition of any such Pledged Interests by laws affecting the offering and sale of securities generally. 
 3.5 No Restrictions. There are no statutory or regulatory restrictions, prohibitions or limitations on any Pledgor’s ability to grant to the Administrative Agent a Lien upon and security interest in the
Collateral pursuant to this Agreement or (except for the provisions of the federal Anti-Assignment Act and Anti-Claims Act, as amended) on the exercise by the Administrative Agent of its rights and remedies hereunder (including any foreclosure upon
or collection of the Collateral), and there are no contractual restrictions on any Pledgor’s ability so to grant such Lien and security interest. 
 3.6 Accounts. Each Account is, or at the time it arises will be, (i) a bona fide, valid and legally enforceable indebtedness of the account debtor according to its terms, arising out of or in connection
with the sale, lease or performance of Goods or services by the Pledgors or any of them, (ii) subject to no offsets, discounts, counterclaims, contra accounts or any other defense of any kind and character, other than warranties and discounts
customarily given by the Pledgors in the ordinary course of business and warranties provided by applicable law, (iii) to the extent listed on any schedule of Accounts at any time furnished to the Administrative Agent, a true and correct
statement of the amount actually and unconditionally owing thereunder, maturing as stated in such schedule and in the invoice covering the transaction creating such Account, and (iv) not evidenced by any Tangible Chattel Paper or other
Instrument; or if so, such Tangible Chattel Paper or other Instrument (other than invoices and related correspondence and supporting documentation) shall promptly be duly endorsed to the order of the Administrative Agent and delivered to the
Administrative Agent to be held as Collateral hereunder. To the knowledge of each Pledgor, there are no facts, events or occurrences that would in any way impair the validity or enforcement of any Accounts except as set forth above. 
  

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 3.7 Pledged Interests. As of the date hereof, the Pledged Interests required to be pledged
hereunder by each Pledgor consist of the number and type of shares of capital stock (in the case of issuers that are corporations) or the percentage and type of other equity interests (in the case of issuers other than corporations) as described
beneath such Pledgor’s name in Annex C. All of the Pledged Interests have been duly and validly issued and are fully paid and nonassessable (or, in the case of partnership, limited liability company or similar Pledged Interests, not
subject to any capital call or other additional capital requirement) and not subject to any preemptive rights, warrants, options or similar rights or restrictions in favor of third parties or any contractual or other restrictions upon transfer. As
to each issuer thereof, the Pledged Interests pledged hereunder constitute 100% of the outstanding capital stock of or other equity interests in such issuer, except as set forth in Annex C. 
 3.8 Intellectual Property. Annexes D, E and F correctly set forth all registered Copyrights, Patents and Trademarks
owned by any Pledgor as of the date hereof (and as amended from time to time pursuant to Section 4.8) and used or proposed to be used in its business. Each such Pledgor owns or possesses the valid right to use all Copyrights, Patents and
Trademarks; all registrations therefor have been validly issued under applicable law and are in full force and effect; no claim has been made in writing or, to the knowledge of such Pledgor, orally, that any of the Copyrights, Patents or Trademarks
is invalid or unenforceable or violates or infringes the rights of any other Person, and there is no such violation or infringement in existence; and to the knowledge of such Pledgor, no other Person is presently infringing upon the rights of such
Pledgor with regard to any of the Copyrights, Patents or Trademarks. 
 3.9 Documents of Title. No bill of lading, warehouse receipt
or other Document or Instrument of title is outstanding with respect to any Collateral other than Mobile Goods and other than Inventory in transit in the ordinary course of business to a location set forth on Annex B or to a customer of
a Pledgor. 
 3.10 Commercial Tort Claims. Annex I lists, as of the date hereof and to the knowledge of each Pledgor, all
Commercial Tort Claims existing in favor of any Pledgor. 
 ARTICLE IV 
 COVENANTS 
 4.1 Use and Disposition of Collateral. So long as no Event of
Default shall have occurred and be continuing, each Pledgor may, in any lawful manner not inconsistent with the provisions of this Agreement and the other Credit Documents, use, control and manage the Collateral in the operation of its businesses,
and receive and use the income, revenue and profits arising therefrom and the Proceeds thereof, in the same manner and with the same effect as if this Agreement had not been made; provided, however, that no Pledgor will sell or
otherwise dispose of, grant any option with respect to, or mortgage, pledge, grant any Lien with respect to or otherwise encumber any of the Collateral or any interest therein, except for the security interest created in favor of the Administrative
Agent hereunder and except as may be otherwise expressly permitted in accordance with the terms of this Agreement and the Credit Agreement (including any applicable provisions therein regarding delivery of proceeds of sale or disposition to the
Administrative Agent). 
  

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 4.2 Change of Name, Locations, etc. No Pledgor will (i) change its name, identity or
corporate structure, (ii) change its chief executive office from the location thereof listed on Annex B, (iii) change the jurisdiction of its incorporation or organization from the jurisdiction listed on Annex B
(whether by merger or otherwise), (iv) file any document with the Internal Revenue Service using any name other than its exact legal name listed on Annex B, or (v) remove any Collateral (other than Mobile Goods and Goods in
transit), or any books, records or other information relating to Collateral, from the applicable location thereof listed on Annex B, or keep or maintain any Collateral at a location not listed on Annex B, unless in each case
such Pledgor has (1) given twenty (20) days’ prior written notice to the Administrative Agent of its intention to do so, together with information regarding any such new location and such other information in connection with such
proposed action as the Administrative Agent may reasonably request, and (2) delivered to the Administrative Agent ten (10) days prior to any such change or removal such documents, instruments and financing statements as may be required by
the Administrative Agent, all in form and substance satisfactory to the Administrative Agent, paid all necessary filing and recording fees and taxes, and taken all other actions reasonably requested by the Administrative Agent (including, at the
request of the Administrative Agent, delivery of opinions of counsel reasonably satisfactory to the Administrative Agent to the effect that all such actions have been taken), in order to perfect and maintain the Lien upon and security interest in
the Collateral provided for herein in accordance with the provisions of Section 3.2. 
 4.3 Records; Inspection.

 (a) Each Pledgor will keep and maintain at its own cost and expense satisfactory and complete records of the Accounts and all other
Collateral, including, without limitation, records of all payments received, all credits granted thereon, all merchandise returned and all other documentation relating thereto, and will furnish to the Administrative Agent from time to time such
statements, schedules and reports (including, without limitation, accounts receivable aging schedules) with regard to the Collateral as the Administrative Agent may reasonably request. 
 (b) Each Pledgor shall, from time to time at such times as may be reasonably requested and upon reasonable notice and during normal business hours,
(i) make available to the Administrative Agent for inspection and review at such Pledgor’s offices copies of all invoices and other documents and information relating to the Collateral (including, without limitation, itemized schedules of
all collections of Accounts, showing the name of each account debtor, the amount of each payment and such other information as the Administrative Agent shall reasonably request), and (ii) permit the Administrative Agent or its representatives
to visit its offices or the premises upon which any Collateral may be located, inspect its books and records and make copies and memoranda thereof, inspect the Collateral, discuss its finances and affairs with its officers, employees and independent
accountants and take any other actions necessary for the protection of the interests of the Secured Parties in the Collateral. At the request of the Administrative Agent, each Pledgor will legend, in form and manner satisfactory to the
Administrative Agent, the books, records and materials evidencing or relating to the Collateral with an appropriate reference to the fact that the Collateral has been assigned to the Administrative Agent and that the Administrative Agent has a
security interest therein. The 

  

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Administrative Agent shall have the right, exercised in its reasonable discretion, to make test verifications of Accounts in any reasonable manner and
through any reasonable medium, and each Pledgor agrees to furnish all such reasonable assistance and information as the Administrative Agent may require in connection therewith. 
 4.4 Accounts. Unless notified otherwise by the Administrative Agent in accordance with the terms hereof, each Pledgor shall endeavor to collect
its Accounts and all amounts owing to it thereunder in accordance with sound business practices and shall apply forthwith upon receipt thereof all such amounts as are so collected to the outstanding balances thereof, and in connection therewith
shall, at the request of the Administrative Agent, take such action as the Administrative Agent may deem necessary or advisable (within applicable laws) to enforce such collection. Each Pledgor shall promptly notify the Administrative Agent in
writing of any Accounts that constitute a claim against a federal governmental agency or authority, and, upon request of the Administrative Agent, such Pledgor shall take such steps as may be necessary or desirable to comply with the federal
Assignment of Claims Act of 1940, as amended. 
 4.5 Delivery of Certain Collateral; Further Actions. All certificates or Instruments
representing or evidencing any Accounts, Investment Property or other Collateral shall be, at the request of the Administrative Agent, delivered promptly to the Administrative Agent pursuant hereto to be held as Collateral hereunder, shall be in
form suitable for transfer by delivery and shall be delivered together with undated stock powers duly executed in blank, appropriate endorsements or other necessary instruments of registration, transfer or assignment, duly executed and in form and
substance satisfactory to the Administrative Agent, and in each case together with such other instruments or documents as the Administrative Agent may reasonably request. Each Pledgor will, at its own cost and expense, cooperate with the
Administrative Agent in obtaining a control agreement, in form and substance reasonably satisfactory to the Administrative Agent, and in taking such other actions as may be requested by the Administrative Agent from time to time with respect to any
Investment Property or other Collateral in which a security interest may be perfected by (or can be perfected only by) control under the Uniform Commercial Code. 
 4.6 Equipment. Each Pledgor will, in accordance with sound business practices, maintain all Equipment used by it in its business (other than obsolete Equipment) in good repair, working order and condition
(normal wear and tear excepted) and make all necessary repairs and replacements thereof so that the value and operating efficiency thereof shall at all times be maintained and preserved. No Pledgor shall knowingly permit any Equipment to become a
Fixture to any real property (other than real property the fee interest in which is subject to a Mortgage in favor of the Administrative Agent). 
 4.7 Inventory. Each Pledgor will, in accordance with sound business practices, maintain all Inventory held by it or on its behalf in good saleable or useable condition. Unless notified otherwise by the Administrative Agent in
accordance with the terms hereof, each Pledgor may, in any lawful manner not inconsistent with the provisions of this Agreement and the other Credit Documents, process, use and, in the ordinary course of business but not otherwise, sell its
Inventory. 
  

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 4.8 Intellectual Property. 
 (a) Each applicable Pledgor will, at its own expense, execute and deliver to the Administrative Agent on the Third Amendment Effective Date fully
completed assignments in the forms of Exhibits A and B, as applicable, for recordation in the U.S. Copyright Office or the U.S. Patent and Trademark Office with regard to any Copyright Collateral, Patent Collateral or Trademark
Collateral, as the case may be, described in Annex D, E or F hereto. In the event that after the date hereof any Pledgor shall acquire any registered Copyright, Patent or Trademark, or effect any registration of any
Copyright, Patent or Trademark or file any application for registration thereof, whether within the United States or any other country or jurisdiction, such Pledgor shall promptly furnish written notice thereof to the Administrative Agent together
with information sufficient to permit the Administrative Agent, upon its receipt of such notice, to (and each Pledgor hereby authorizes the Administrative Agent to) modify this Agreement, as appropriate, by amending
Annexes D, E and F hereto or to add additional exhibits hereto to include any Copyright, Patent or Trademark that becomes part of the Collateral under this Agreement, and such Pledgor shall additionally, at its own
expense, execute and deliver to the Administrative Agent, as promptly as possible (but in any event within 10 days) after the date of such acquisition, registration or application, as applicable, with regard to United States Patents, Trademarks and
Copyrights, fully completed assignments in the forms of Exhibits A and B, as applicable, for recordation in the U.S. Copyright Office or the U.S. Patent and Trademark Office as more fully described hereinabove, together in all
instances with any other agreements, instruments and documents that the Administrative Agent may reasonably request from time to time to further effect and confirm the assignment and security interest created by this Agreement in such Copyrights,
Patents and Trademarks, and each Pledgor hereby appoints the Administrative Agent its attorney-in-fact to execute, deliver and record any and all such agreements, instruments and documents for the foregoing purposes, all acts of such attorney being
hereby ratified and confirmed and such power, being coupled with an interest, shall be irrevocable for so long as this Agreement shall be in effect with respect to such Pledgor. 
 (b) Each Pledgor (either itself or through its licensees or its sublicensees) will, for each Trademark used in the conduct of its business, use its best
efforts to (i) maintain such Trademark in full force and effect, free from any claim of abandonment or invalidity for non-use, (ii) maintain the quality of products and services offered under such Trademark, (iii) display such
Trademark with notice of federal registration to the extent required by applicable law and (iv) not knowingly use or knowingly permit the use of such Trademark in violation of any third-party rights. 
 (c) Each Pledgor (either itself or through its licensees or sublicensees) will refrain from committing any act, or omitting any act, whereby any Patent
used in the conduct of such Pledgor’s business may become invalidated or dedicated to the public, and shall continue to mark any products covered by a Patent with the relevant patent number as required by applicable patent laws. 
 (d) Each Pledgor (either itself or through its licensees or sublicensees) will, for each work covered by a Copyright, continue to publish, reproduce,
display, adopt and distribute the work with appropriate copyright notice as required under applicable copyright laws. 
  

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 (e) Each Pledgor shall notify the Administrative Agent immediately if it knows or has reason to know that
any Patent, Trademark or Copyright used in the conduct of its business may become abandoned or dedicated to the public, or of any adverse determination or development (including the institution of, or any such determination or development in, any
proceeding in the U.S. Patent and Trademark Office, U.S. Copyright Office or any court) regarding such Pledgor’s ownership of any Patent, Trademark or Copyright, its right to register the same, or to keep and maintain the same. 
 (f) Each Pledgor will take all necessary steps that are consistent with the practice in any proceeding before the U.S. Patent and Trademark Office, U.S.
Copyright Office or any office or agency in any political subdivision of the United States or in any other country or any political subdivision thereof, to maintain and pursue each application relating to any Patents, Trademarks or Copyrights (and
to obtain the relevant grant or registration) and to maintain each registration of any Patents, Trademarks and Copyrights used in the conduct of such Pledgor’s business, including the filing of applications for renewal, affidavits of use,
affidavits of incontestability and maintenance fees, and, if consistent with sound business judgment, to initiate opposition, interference and cancellation proceedings against third parties. 
 (g) In the event that any Collateral consisting of a Patent, Trademark or Copyright used in the conduct of any Pledgor’s business is believed
infringed, misappropriated or diluted by a third party, such Pledgor shall notify the Administrative Agent promptly after it learns thereof and shall, if consistent with sound business judgment, promptly sue for infringement, misappropriation or
dilution and to recover any and all damages for such infringement, misappropriation or dilution, and take such other actions as are appropriate under the circumstances to protect such Collateral. 
 (h) Upon the occurrence and during the continuance of any Event of Default, each Pledgor shall use its reasonable best efforts to obtain all requisite
consents or approvals from the licensor of each License included within the Copyright Collateral, Patent Collateral or Trademark Collateral to effect the assignment of all of such Pledgor’s right, title and interest thereunder to the
Administrative Agent or its designee. 
 4.9 Collateral in Possession of Third Party. Without limiting the generality of any other
provision of this Agreement, each Pledgor agrees that it shall not permit any Collateral having a book value in excess of $500,000 to be in the possession of any bailee, warehouseman, agent, processor or other third party at any time unless such
bailee or other Person shall have been notified of the security interest created by this Agreement (or, if required under applicable law in order to perfect the Administrative Agent’s security interest in such Collateral, such bailee or other
Person shall have acknowledged to the Administrative Agent in writing that it is holding such Collateral for the benefit of the Administrative Agent and subject to such security interest and to the instructions of the Administrative Agent) and such
Pledgor shall have exercised its reasonable best efforts to obtain from such bailee or other Person, at such Pledgor’s sole cost and expense, the written acknowledgement described above (if not already required by applicable law to perfect the
Administrative Agent’s security interest) and agreement to waive and release any Lien (whether arising by operation of law or otherwise) it may have with respect to such Collateral, such agreement to be in form and substance reasonably
satisfactory to the Administrative Agent. 
  

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 4.10 Commercial Tort Claims. Each Pledgor agrees that it will, promptly upon becoming aware of any
Commercial Tort Claim in its favor, furnish to the Administrative Agent a description thereof meeting the requirements of Section 9-108(e) of the Uniform Commercial Code, execute and deliver such documents, financing statements and other
instruments, and take such other action, as the Administrative Agent may reasonably request in order to include such Commercial Tort Claim as Collateral hereunder and to perfect the security interest of the Administrative Agent therein. 

4.11 Protection of Security Interest. Each Pledgor agrees that it will, at its own cost and expense, take any and all actions necessary to
warrant and defend the right, title and interest of the Secured Parties (but not any other lienholder in respect of any Permitted Liens) in and to the Collateral against the claims and demands of all other Persons. 
 ARTICLE V 
 CERTAIN PROVISIONS
RELATING TO PLEDGED INTERESTS 
 5.1 After-Acquired Equity Interests; Ownership. 
 (a) If any Pledgor shall, at any time and from time to time after the date hereof, acquire any additional capital stock or other Pledged Interests in any
Person of the types described in the definition of the term “Pledged Interests,” the same shall be automatically deemed to be Pledged Interests hereunder, and to be pledged to the Administrative Agent pursuant to
Section 2.1 and such Pledgor will forthwith pledge and deposit the same with the Administrative Agent and deliver to the Administrative Agent any certificates therefor, together with undated stock powers or other necessary instruments of
transfer or assignment, duly executed in blank and in form and substance reasonably satisfactory to the Administrative Agent, together with such other certificates and instruments as the Administrative Agent may reasonably request (including Uniform
Commercial Code financing statements or appropriate amendments thereto), and will promptly thereafter deliver to the Administrative Agent a fully completed and duly executed amendment to this Agreement in the form of Exhibit D (each, a
“Pledge Amendment”) in respect thereof. Each Pledgor hereby authorizes the Administrative Agent to attach each such Pledge Amendment to this Agreement, and agrees that all such Collateral listed on any Pledge Amendment shall for all
purposes be deemed Collateral hereunder and shall be subject to the provisions hereof; provided that the failure of any Pledgor to execute and deliver any Pledge Amendment with respect to any such additional Collateral as required hereinabove
shall not impair the security interest of the Administrative Agent in such Collateral or otherwise adversely affect the rights and remedies of the Administrative Agent hereunder with respect thereto. 
 (b) Each of the Pledgors (i) represents and warrants that none of the interests in any limited liability company or limited partnership controlled
by such Pledgor and pledged hereunder are represented by a certificate or are “securities” within the meaning of Article 8 of the UCC and (ii) covenants and agrees that it shall at no time elect to treat any such interest as a
“security” within the meaning of Article 8 of the UCC or issue any certificate representing such interest unless, in each case, it provides prior written notice to the Administrative Agent of such election and immediately pledges and
delivers any such certificate to the Administrative Agent pursuant to the terms hereof. 
  

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 (c) Except to the extent otherwise expressly permitted by or pursuant to the Credit Agreement, the
Pledgors will cause the Pledged Interests in each issuer pledged hereunder to constitute at all times 100% of the capital stock or other Pledged Interests in such issuer, such that the issuer shall be a direct or indirect Wholly Owned Subsidiary of
the Parent and unless the Administrative Agent shall have given its prior written consent or except as may be expressly permitted by the Credit Agreement, no Pledgor will cause or permit any such issuer to issue or sell any new capital stock, any
warrants, options or rights to acquire the same, or other Pledged Interests of any nature to any Person other than such Pledgor, or cause, permit or consent to the admission of any other Person as a stockholder, partner or member of any such issuer.

 5.2 Voting Rights. So long as no Event of Default shall have occurred and be continuing, each Pledgor shall be entitled to exercise
all voting and other consensual rights pertaining to its Pledged Interests (subject to its obligations under Section 5.1(a)), and for that purpose the Administrative Agent will execute and deliver or cause to be executed and delivered to each
applicable Pledgor all such proxies and other instruments as such Pledgor may reasonably request in writing to enable such Pledgor to exercise such voting and other consensual rights; provided, however, that no Pledgor will cast any
vote, give any consent, waiver or ratification, or take or fail to take any action, in any manner that would, or could reasonably be expected to, violate or be inconsistent with any of the terms of this Agreement, the Credit Agreement or any other
Credit Document or have the effect of materially and adversely impairing the position or interests of the Secured Parties. 
 5.3
Dividends and Other Distributions. So long as no Event of Default shall have occurred and be continuing (or would occur as a result thereof), and except as provided otherwise herein, all interest, income, dividends, distributions and other
amounts payable in cash in respect of the Pledged Interests may be paid to and retained by the Pledgors; provided, however, that all such interest, income, dividends, distributions and other amounts shall, at all times after the
occurrence and during the continuance of an Event of Default, be paid to the Administrative Agent and retained by it as part of the Collateral (except to the extent applied upon receipt to the repayment of the Secured Obligations). The
Administrative Agent shall also be entitled at all times (whether or not during the continuance of an Event of Default) to receive directly, and to retain as part of the Collateral, (i) all interest, income, dividends, distributions or other
amounts paid or payable in cash or other property in respect of any Pledged Interests in connection with the dissolution, liquidation, recapitalization or reclassification of the capital of the applicable issuer to the extent representing (in the
reasonable judgment of the Administrative Agent) an extraordinary, liquidating or other distribution in return of capital, (ii) all additional Pledged Interests or other securities or property (other than cash) paid or payable or distributed or
distributable in respect of any Pledged Interests in connection with any noncash dividend, distribution, return of capital, spin-off, stock split, split-up, reclassification, combination of shares or interests or similar rearrangement, and
(iii) without affecting any restrictions against such actions contained in the Credit Agreement, all additional Pledged Interests or other securities or property (including cash) paid or payable or distributed or distributable in respect of any
Pledged Interests in connection with any consolidation, merger, exchange of securities, liquidation or other reorganization. All interest, income, dividends, distributions or other 

  

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amounts that are received by any Pledgor in violation of the provisions of this Section shall be received in trust for the benefit of the Administrative
Agent, shall be segregated from other property or funds of such Pledgor and shall be forthwith delivered to the Administrative Agent as Collateral in the same form as so received (with any necessary endorsements). Any and all money and other
property paid over to or received by the Administrative Agent pursuant to the provisions of this Section shall be retained by the Administrative Agent in a Collateral Account (as hereinafter defined) upon receipt of such money or other property and
shall be applied in accordance with the provisions of Section 6.2. The Administrative Agent shall, within five (5) Business Days after all Events of Default have been cured or waived, repay to each applicable Pledgor all cash
interest, income, dividends, distributions and other amounts that such Pledgor would otherwise be permitted to retain pursuant to the provisions of this Section and that remain in such Collateral Account. 
 ARTICLE VI 
 REMEDIES

 6.1 Remedies. If an Event of Default shall have occurred and be continuing, the Administrative Agent shall be entitled to
exercise in respect of the Collateral all of its rights, powers and remedies provided for herein or otherwise available to it under any other Credit Document, by law, in equity or otherwise, including all rights and remedies of a secured party under
the Uniform Commercial Code, and shall be entitled in particular, but without limitation of the foregoing, to exercise the following rights, which each Pledgor agrees to be commercially reasonable: 
 (a) To notify any or all account debtors or obligors under any Accounts, Contracts or other Collateral of the security interest in favor of the
Administrative Agent created hereby and to direct all such Persons to make payments of all amounts due thereon or thereunder directly to the Administrative Agent or to an account designated by the Administrative Agent; and in such instance and from
and after such notice, all amounts and Proceeds (including wire transfers, checks and other Instruments) received by any Pledgor in respect of any Accounts, Contracts or other Collateral shall be received in trust for the benefit of the
Administrative Agent hereunder, shall be segregated from the other funds of such Pledgor and shall be forthwith deposited into such account or paid over or delivered to the Administrative Agent in the same form as so received (with any necessary
endorsements or assignments), to be held as Collateral and applied to the Secured Obligations as provided herein; and by this provision, each Pledgor irrevocably authorizes and directs each Person who is or shall be a party to or liable for the
performance of any Contract, upon receipt of notice from the Administrative Agent to the effect that an Event of Default has occurred and is continuing, to attorn to or otherwise recognize the Administrative Agent as owner under such Contract and to
pay, observe and otherwise perform the obligations under such Contract to or for the Administrative Agent or the Administrative Agent’s designee as though the Administrative Agent or such designee were such Pledgor named therein, and to do so
until otherwise notified by the Administrative Agent; 
  

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 (b) To take possession of, receive, endorse, assign and deliver, in its own name or in the name of any
Pledgor, all checks, notes, drafts and other Instruments relating to any Collateral, including receiving, opening and properly disposing of all mail addressed to any Pledgor concerning Accounts and other Collateral; to verify with account debtors or
other contract parties the validity, amount or any other matter relating to any Accounts or other Collateral, in its own name or in the name of any Pledgor; to accelerate any indebtedness or other obligation constituting Collateral that may be
accelerated in accordance with its terms; to take or bring all actions and suits deemed necessary or appropriate to effect collections and to enforce payment of any Accounts or other Collateral; to settle, compromise or release in whole or in part
any amounts owing on Accounts or other Collateral; and to extend the time of payment of any and all Accounts or other amounts owing under any Collateral and to make allowances and adjustments with respect thereto, all in the same manner and to the
same extent as any Pledgor might have done; 
 (c) To notify any or all depository institutions with which any Deposit Accounts are
maintained and which Deposit Accounts are subject to Control in favor of the Administrative Agent to remit and transfer all monies, securities and other property on deposit in such Deposit Accounts or deposited or received for deposit thereafter to
the Administrative Agent, for deposit in a Collateral Account or such other accounts as may be designated by the Administrative Agent, for application to the Secured Obligations as provided herein; 
 (d) To transfer to or register in its name or the name of any of its agents or nominees all or any part of the Collateral, without notice to any Pledgor
and with or without disclosing that such Collateral is subject to the security interest created hereunder; 
 (e) To require any Pledgor to,
and each Pledgor hereby agrees that it will at its expense and upon request of the Administrative Agent forthwith, assemble all or any part of the Collateral as reasonably directed by the Administrative Agent and make it available to the
Administrative Agent at a place designated by the Administrative Agent; 
 (f) To enter and remain upon the premises of any Pledgor and take
possession of all or any part of the Collateral, with or without judicial process; to use the materials, services, books and records of any Pledgor for the purpose of liquidating or collecting the Collateral, whether by foreclosure, auction or
otherwise; and to remove the same to the premises of the Administrative Agent or any designated agent for such time as the Administrative Agent may desire, in order to effectively collect or liquidate the Collateral; 
 (g) To exercise (i) all voting, consensual and other rights and powers pertaining to the Pledged Interests (whether or not transferred into the name
of the Administrative Agent), at any meeting of shareholders, partners, members or otherwise, and (ii) any and all rights of conversion, exchange, subscription and any other rights, privileges or options pertaining to the Pledged Interests as
if it were the absolute owner thereof (including, without limitation, the right to exchange at its discretion any and all of the Pledged Interests upon the merger, consolidation, reorganization, reclassification, combination of shares or interests,
similar rearrangement or other similar fundamental change in the structure of the applicable issuer, or upon the exercise by any Pledgor or the Administrative Agent of any right, privilege or option pertaining to such Pledged Interests), and in
connection therewith, the right to deposit and deliver any and all of the Pledged Interests with any committee, depositary, transfer agent, registrar or other designated agency upon such terms and conditions as the Administrative Agent may
determine, and give all 

  

 18 

 
consents, waivers and ratifications in respect of the Pledged Interests, all without liability except to account for any property actually received by it,
but the Administrative Agent shall have no duty to exercise any such right, privilege or option or give any such consent, waiver or ratification and shall not be responsible for any failure to do so or delay in so doing; and for the foregoing
purposes each Pledgor will promptly execute and deliver or cause to be executed and delivered to the Administrative Agent, upon request, all such proxies and other instruments as the Administrative Agent may reasonably request to enable the
Administrative Agent to exercise such rights and powers; AND IN FURTHERANCE OF THE FOREGOING AND WITHOUT LIMITATION THEREOF, EACH PLEDGOR HEREBY IRREVOCABLY CONSTITUTES AND APPOINTS THE ADMINISTRATIVE AGENT AS THE TRUE AND LAWFUL PROXY AND
ATTORNEY-IN-FACT OF SUCH PLEDGOR, WITH FULL POWER OF SUBSTITUTION IN THE PREMISES, TO EXERCISE ALL SUCH VOTING, CONSENSUAL AND OTHER RIGHTS AND POWERS TO WHICH ANY HOLDER OF ANY PLEDGED INTERESTS WOULD BE ENTITLED BY VIRTUE OF HOLDING THE SAME,
WHICH PROXY AND POWER OF ATTORNEY, BEING COUPLED WITH AN INTEREST, IS IRREVOCABLE AND SHALL BE EFFECTIVE FOR SO LONG AS THIS AGREEMENT SHALL BE IN EFFECT; and 
 (h) To sell, resell, assign and deliver, in its sole discretion, all or any of the Collateral, in one or more parcels, on any securities exchange on which any Pledged Interests may be listed, at public or private
sale, at any of the Administrative Agent’s offices or elsewhere, for cash, upon credit or for future delivery, at such time or times and at such price or prices and upon such other terms as the Administrative Agent may deem satisfactory. If any
of the Collateral is sold by the Administrative Agent upon credit or for future delivery, the Administrative Agent shall not be liable for the failure of the purchaser to purchase or pay for the same and, in the event of any such failure, the
Administrative Agent may resell such Collateral. In no event shall any Pledgor be credited with any part of the Proceeds of sale of any Collateral until and to the extent cash payment in respect thereof has actually been received by the
Administrative Agent. Each purchaser at any such sale shall hold the property sold absolutely, free from any claim or right of whatsoever kind, including any equity or right of redemption of any Pledgor, and each Pledgor hereby expressly waives all
rights of redemption, stay or appraisal, and all rights to require the Administrative Agent to marshal any assets in favor of such Pledgor or any other party or against or in payment of any or all of the Secured Obligations, that it has or may have
under any rule of law or statute now existing or hereafter adopted. No demand, presentment, protest, advertisement or notice of any kind (except any notice required by law, as referred to below), all of which are hereby expressly waived by each
Pledgor, shall be required in connection with any sale or other disposition of any part of the Collateral. If any notice of a proposed sale or other disposition of any part of the Collateral shall be required under applicable law, the Administrative
Agent shall give the applicable Pledgor at least ten (10) days’ prior notice of the time and place of any public sale and of the time after which any private sale or other disposition is to be made, which notice each Pledgor agrees is
commercially reasonable. The Administrative Agent shall not be obligated to make any sale of Collateral if it shall determine not to do so, regardless of the fact that notice of sale may have been given. The Administrative Agent may, without notice
or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which the same
was so adjourned. Upon each public sale and, to the extent permitted by applicable law, upon each private sale, the 

  

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Administrative Agent may purchase all or any of the Collateral being sold, free from any equity, right of redemption or other claim or demand, and may make
payment therefor by endorsement and application (without recourse) of the Secured Obligations in lieu of cash as a credit on account of the purchase price for such Collateral. 
 6.2 Application of Proceeds. 
 (a)
All Proceeds collected by the Administrative Agent upon any sale, other disposition of or realization upon any of the Collateral, together with all other moneys received by the Administrative Agent hereunder, shall be applied in accordance with the
provisions of Section 2.12(e) of the Credit Agreement. For purposes of applying amounts in accordance with this Section, the Administrative Agent shall be entitled to rely upon any Secured Party that has entered into a Permitted Hedge Agreement
with any Borrower for a determination (which such Secured Party agrees to provide or cause to be provided upon request of the Administrative Agent) of the outstanding Secured Obligations owed to such Secured Party under any such Permitted Hedge
Agreement. Unless it has actual knowledge (including by way of written notice from any such Secured Party) to the contrary, the Administrative Agent, in acting hereunder, shall be entitled to assume that no Permitted Hedge Agreements or Secured
Obligations in respect thereof are in existence between any Secured Party and the Borrower. If any Lender or Affiliate thereof that is a party to a Permitted Hedge Agreement with the Borrower (the obligations of the Borrower under which are Secured
Obligations) ceases to be a Lender or Affiliate thereof, such former Lender or Affiliate thereof shall nevertheless continue to be a Secured Party hereunder with respect to the Secured Obligations under such Permitted Hedge Agreement. 
 (b) In the event that the proceeds of any such sale, disposition or realization are insufficient to pay all amounts to which the Secured Parties are
legally entitled, the Pledgors shall be jointly and severally liable for the deficiency, together with interest thereon at the highest rate specified in any applicable Credit Document for interest on overdue principal or such other rate as shall be
fixed by applicable law, together with the costs of collection and all other fees, costs and expenses payable hereunder. 
 (c) Upon any sale
of any Collateral hereunder by the Administrative Agent (whether by virtue of the power of sale herein granted, pursuant to judicial proceeding, or otherwise), the receipt of the Administrative Agent or the officer making the sale shall be a
sufficient discharge to the purchaser or purchasers of the Collateral so sold, and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Administrative Agent or such officer
or be answerable in any way for the misapplication thereof. 
 6.3 Collateral Accounts. Upon the occurrence and during the continuance
of an Event of Default, the Administrative Agent shall have the right to cause to be established and maintained, at its principal office or such other location or locations as it may establish from time to time in its discretion, one or more
accounts (collectively, “Collateral Accounts”) for the collection of cash Proceeds of the Collateral. Such Proceeds, when deposited, shall continue to constitute Collateral for the Secured Obligations and shall not constitute
payment thereof until applied as herein provided. The Administrative Agent shall have sole dominion and control over all funds deposited in any Collateral Account, and such funds may be withdrawn therefrom only 

  

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by the Administrative Agent. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent shall have the right to (and, if
directed by the Required Lenders pursuant to the Credit Agreement, shall) apply amounts held in the Collateral Accounts in payment of the Secured Obligations in the manner provided for in Section 6.2. 
 6.4 Grant of License. Each Pledgor hereby grants to the Administrative Agent an irrevocable, non-exclusive license (exercisable without payment of
royalty or other compensation to any Pledgor) to use, license or sublicense any Patent Collateral, Trademark Collateral or Copyright Collateral now owned or licensed or hereafter acquired or licensed by such Pledgor, wherever the same may be located
throughout the world, for such term or terms, on such conditions and in such manner as the Administrative Agent shall determine, whether general, special or otherwise, and whether on an exclusive or nonexclusive basis, and including in such license
reasonable access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof. The use of such license or sublicense by the Administrative Agent
shall be exercised, at the option of the Administrative Agent, only upon the occurrence and during the continuation of an Event of Default; provided that any license, sublicense or other transaction entered into by the Administrative Agent in
accordance herewith shall be binding upon each applicable Pledgor notwithstanding any subsequent cure of an Event of Default. 
 6.5
Private Sales. 
 (a) Each Pledgor recognizes that the Administrative Agent may be compelled, at any time after the occurrence and
during the continuance of an Event of Default, to conduct any sale of all or any part of the Pledged Interests without registering or qualifying such Pledged Interests under the Securities Act of 1933, as amended (the “Securities
Act”), and/or any applicable state securities laws in effect at such time. Each Pledgor acknowledges that any such private sales may be made in such manner and under such circumstances as the Administrative Agent may deem necessary or
advisable in its sole and absolute discretion, including at prices and on terms that might be less favorable than those obtainable through a public sale without such restrictions (including, without limitation, a public offering made pursuant to a
registration statement under the Securities Act), and, notwithstanding such circumstances, agrees that any such sale shall not be deemed not to have been made in a commercially reasonable manner solely because it was conducted as a private sale, and
agrees that the Administrative Agent shall have no obligation to conduct any public sales and no obligation to delay the sale of any Pledged Interests for the period of time necessary to permit its registration for public sale under the Securities
Act and applicable state securities laws, and shall not have any responsibility or liability as a result of its election so not to conduct any such public sales or delay the sale of any Pledged Interests, notwithstanding the possibility that a
substantially higher price might be realized if the sale were deferred until after such registration. Each Pledgor hereby waives any claims against the Administrative Agent or any other Secured Party arising by reason of the fact that the price at
which any Pledged Interests may have been sold at any private sale was less than the price that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Administrative Agent accepts the
first offer received and does not offer such Pledged Interests to more than one offeree. 
  

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 (b) Each Pledgor agrees that a breach of any of the covenants contained in this Section will cause
irreparable injury to the Administrative Agent and the other Secured Parties, that the Administrative Agent and the other Secured Parties have no adequate remedy at law in respect of such breach and, as a consequence, that each and every covenant
contained in this Section shall be specifically enforceable against the Pledgors. 
 6.6 The Pledgors Remain Liable. Notwithstanding
anything herein to the contrary, (i) each Pledgor shall remain liable under all Contracts to which it is a party included within the Collateral (including, without limitation, all Ownership Agreements) to perform all of its obligations
thereunder to the same extent as if this Agreement had not been executed, (ii) the exercise by the Administrative Agent of any of its rights or remedies hereunder shall not release any Pledgor from any of its obligations under any of such
Contracts, and (iii) except as specifically provided for hereinbelow, the Administrative Agent shall not have any obligation or liability by reason of this Agreement under any of such Contracts, nor shall the Administrative Agent be obligated
to perform any of the obligations or duties of any Pledgor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder. The powers, rights and remedies conferred on the Administrative Agent hereunder are solely to
protect its interest and privilege in such Contracts, as Collateral, and shall not impose any duty upon it to exercise any such powers, rights or remedies. 
 6.7 Waivers. Each Pledgor, to the greatest extent not prohibited by applicable law, hereby (i) agrees that it will not invoke, claim or assert the benefit of any rule of law or statute now or hereafter in
effect (including, without limitation, any right to prior notice or judicial hearing in connection with the Administrative Agent’s possession, custody or disposition of any Collateral or any appraisal, valuation, stay, extension, moratorium or
redemption law), or take or omit to take any other action, that would or could reasonably be expected to have the effect of delaying, impeding or preventing the exercise of any rights and remedies in respect of the Collateral, the absolute sale of
any of the Collateral or the possession thereof by any purchaser at any sale thereof, and waives the benefit of all such laws and further agrees that it will not hinder, delay or impede the execution of any power granted hereunder to the
Administrative Agent, but that it will permit the execution of every such power as though no such laws were in effect, (ii) waives all rights that it has or may have under any rule of law or statute now existing or hereafter adopted to require
the Administrative Agent to marshal any Collateral or other assets in favor of such Pledgor or any other party or against or in payment of any or all of the Secured Obligations, and (iii) waives all rights that it has or may have under any rule
of law or statute now existing or hereafter adopted to demand, presentment, protest, advertisement or notice of any kind (except notices expressly provided for herein). In addition, each Pledgor waives any and all rights of contribution or
subrogation upon the sale or disposition of all or any portion of the Collateral by the Administrative Agent. 
  

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 ARTICLE VII 
 THE ADMINISTRATIVE AGENT 
 7.1 The Administrative Agent; Standard of Care. The Administrative
Agent will hold all items of the Collateral at any time received under this Agreement in accordance with the provisions hereof. The obligations of the Administrative Agent as holder of the Collateral and interests therein and with respect to the
disposition thereof, and otherwise under this Agreement and the other Credit Documents, are only those expressly set forth in this Agreement and the other Credit Documents. The Administrative Agent shall act hereunder at the direction, or with the
consent, of the Required Lenders on the terms and conditions set forth in the Credit Agreement. The powers conferred on the Administrative Agent hereunder are solely to protect its interest, on behalf of the Secured Parties, in the Collateral, and
shall not impose any duty upon it to exercise any such powers. Except for treatment of the Collateral in its possession in a manner substantially equivalent to that which the Administrative Agent, in its individual capacity, accords its own property
of a similar nature, and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or as to the taking of any necessary steps to preserve rights against prior parties or any other
rights pertaining to the Collateral. Neither the Administrative Agent nor any other Secured Party shall be liable to any Pledgor (i) for any loss or damage sustained by such Pledgor, or (ii) for any loss, damage, depreciation or other
diminution in the value of any of the Collateral that may occur as a result of or in connection with or that is in any way related to any exercise by the Administrative Agent or any other Secured Party of any right or remedy under this Agreement,
any failure to demand, collect or realize upon any of the Collateral or any delay in doing so, or any other act or failure to act on the part of the Administrative Agent or any other Secured Party, except to the extent that the same is caused by its
own gross negligence or willful misconduct. 
 7.2 Further Assurances; Attorney-in-Fact. 
 (a) Each Pledgor hereby irrevocably authorizes the Administrative Agent at any time and from time to time to file in any filing office in any
jurisdiction any financing statements and amendments thereto that (a) indicate the Collateral (i) as all assets of such Pledgor, whether now owned or existing or hereafter acquired or arising and wherever located, or words of similar
effect, regardless of whether any particular asset included within the Collateral falls within the scope of Article 9 of the Uniform Commercial Code of any such jurisdiction, or (ii) as being of an equal or lesser scope or with greater detail,
and (b) provide any other information required by Part 5 of Article 9 of the Uniform Commercial Code for the sufficiency or filing office acceptance of any financing statement or amendment. 
 (b) Each Pledgor agrees that it will do such further acts and things (including, without limitation, making any notice filings with state tax or revenue
authorities required to be made by account creditors in order to enforce any Accounts in such state) and to execute and deliver to the Administrative Agent such additional conveyances, assignments, agreements and instruments as the Administrative
Agent may reasonably require to perfect, establish, confirm and maintain the security interest and Lien provided for herein, to carry out the purposes of this Agreement or to further assure and confirm unto the Administrative Agent its rights,
powers and remedies hereunder. 
 (c) Each Pledgor hereby irrevocably appoints the Administrative Agent its lawful attorney-in-fact, with
full authority in the place and stead of such Pledgor and in the name of such Pledgor, the Administrative Agent or otherwise, and with full power of substitution in the premises (which power of attorney, being coupled with an interest, is
irrevocable for so long as this Agreement shall be in effect), from time to time in the Administrative Agent’s discretion 

  

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after the occurrence and during the continuance of an Event of Default (except for the actions described in clause (i) below, which may be taken by the
Administrative Agent without regard to whether an Event of Default has occurred) to take any action and to execute any instruments that the Administrative Agent may deem necessary or advisable to accomplish the purpose of this Agreement, including,
without limitation: 
 (i) to sign the name of such Pledgor on any financing statement, continuation statement, notice or
other similar document that, in the Administrative Agent’s opinion, should be made or filed in order to perfect or continue perfected the security interest granted under this Agreement (including, without limitation, any title or ownership
applications for filing with applicable state agencies to enable any motor vehicles now or hereafter owned by such Pledgor to be retitled and the Administrative Agent listed as lienholder thereon); 
 (ii) to ask, demand, collect, sue for, recover, compound, receive and give acquittance and receipts for moneys due and to become due under
or in respect of any of the Collateral; 
 (iii) to receive, endorse and collect any checks, drafts, Instruments, Chattel
Paper and other orders for the payment of money made payable to such Pledgor representing any interest, income, dividend, distribution or other amount payable in respect of any of the Collateral and to give full discharge for the same; 

(iv) to obtain, maintain and adjust any property or casualty insurance required to be maintained by such Pledgor under Section 6.6
of the Credit Agreement and direct the payment of proceeds thereof to the Administrative Agent; 
 (v) to pay or discharge
taxes, Liens or other encumbrances levied or placed on or threatened against the Collateral, the legality or validity thereof and the amounts necessary to discharge the same to be determined by the Administrative Agent in its sole discretion, any
such payments made by the Administrative Agent to become Secured Obligations of the Pledgors to the Administrative Agent, due and payable immediately and without demand; 
 (vi) to file any claims or take any action or institute any proceedings that the Administrative Agent may deem necessary or advisable for
the collection of any of the Collateral or otherwise to enforce the rights of the Administrative Agent with respect to any of the Collateral; and 
 (vii) to use, sell, assign, transfer, pledge, make any agreement with respect to or otherwise deal with any and all of the Collateral as fully and completely as though the Administrative Agent were the absolute owner
of the Collateral for all purposes, and to do from time to time, at the Administrative Agent’s option and the Pledgors’ expense, all other acts and things deemed necessary by the Administrative Agent to protect, preserve or realize upon
the Collateral and to more completely carry out the purposes of this Agreement. 
  

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 (d) If any Pledgor fails to perform any covenant or agreement contained in this Agreement after written
request to do so by the Administrative Agent (provided that no such request shall be necessary at any time after the occurrence and during the continuance of an Event of Default), the Administrative Agent may itself perform, or cause the performance
of, such covenant or agreement and may take any other action that it deems necessary and appropriate for the maintenance and preservation of the Collateral or its security interest therein, and the reasonable expenses so incurred in connection
therewith shall be payable by the Pledgors under Section 8.1. 
 ARTICLE VIII 
 MISCELLANEOUS 
 8.1 Indemnity and
Expenses. The Pledgors agree jointly and severally: 
 (a) To indemnify and hold harmless the Administrative Agent, each other Secured
Party and each of their respective directors, officers, employees, agents and affiliates from and against any and all claims, damages, demands, losses, obligations, judgments and liabilities (including, without limitation, reasonable attorneys’
fees and expenses) in any way arising out of or in connection with this Agreement and the transactions contemplated hereby, except to the extent the same shall arise as a result of the gross negligence or willful misconduct of the party seeking to
be indemnified; and 
 (b) To pay the reasonable fees and expenses of counsel to the Administrative Agent and to reimburse the Administrative
Agent upon demand for all reasonable costs and expenses incurred by it, in each case in connection with (i) the engagement of appraisers, consultants, auditors or similar Persons by the Administrative Agent at any time to render opinions
concerning the value of the Collateral, (ii) the creation, perfection and maintenance of the perfection of the Administrative Agent’s Liens upon the Collateral, including, without limitation, Lien search, filing and recording fees,
(iii) the custody, use or preservation of, or the sale of, collection from or other realization upon, any of the Collateral, including the reasonable expenses of re-taking, holding, preparing for sale or lease, selling or otherwise disposing of
or realizing on the Collateral, (iv) the exercise or enforcement of any rights or remedies granted hereunder, under any of the other Credit Documents or otherwise available to it (whether at law, in equity or otherwise), or (v) the failure
by any Pledgor to perform or observe any of the provisions hereof. The provisions of this Section shall survive the execution and delivery of this Agreement, the repayment of any of the Secured Obligations, the termination of the Commitments and the
termination or expiration of all Letters of Credit under the Credit Agreement, the termination of this Agreement or any other Credit Document, and the termination of, and settlement of the Borrower’s obligations under, any Permitted Hedge
Agreement to which any Hedge Party is a party. 
 8.2 No Waiver. The rights and remedies of the Secured Parties expressly set forth in
this Agreement and the other Credit Documents are cumulative and in addition to, and not exclusive of, all other rights and remedies available at law, in equity or otherwise. No failure or delay on the part of any Secured Party in exercising any
right, power or privilege shall operate as 

  

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a waiver thereof, nor shall any single or partial exercise of any such right, power or privilege preclude any other or further exercise thereof or the
exercise of any other right, power or privilege or be construed to be a waiver of any Default or Event of Default. No course of dealing between the Pledgors and the Secured Parties or their agents or employees shall be effective to amend, modify or
discharge any provision of this Agreement or any other Credit Document or to constitute a waiver of any Default or Event of Default. No notice to or demand upon any Pledgor in any case shall entitle such Pledgor or any other Pledgor to any other or
further notice or demand in similar or other circumstances or constitute a waiver of the right of any Secured Party to exercise any right or remedy or take any other or further action in any circumstances without notice or demand. 
 8.3 Enforcement. By its acceptance of the benefits of this Agreement, each Lender agrees that this Agreement may be enforced only by the
Administrative Agent, acting upon the instructions or with the consent of the Required Lenders as provided for in the Credit Agreement, and that no Lender shall have any right individually to enforce or seek to enforce this Agreement or to realize
upon any Collateral or other security given to secure the payment and performance of the Secured Obligations. 
 8.4 Amendments, Waivers,
etc. No amendment, modification, waiver, discharge or termination of, or consent to any departure by any Pledgor from, any provision of this Agreement, shall be effective unless in a writing signed by the Administrative Agent and such of the
Lenders as may be required under the provisions of the Credit Agreement to concur in the action then being taken, and then the same shall be effective only in the specific instance and for the specific purpose for which given. 
 8.5 Continuing Security Interest; Term; Successors and Assigns; Assignment; Termination and Release; Survival. This Agreement shall create a
continuing security interest in the Collateral and shall secure the payment and performance of all of the Secured Obligations as the same may arise and be outstanding at any time and from time to time from and after the date hereof, and shall
(i) remain in full force and effect until the occurrence of the Termination Requirements (as hereinafter defined), (ii) be binding upon and enforceable against each Pledgor and its successors and assigns (provided, however,
that no Pledgor may sell, assign or transfer any of its rights, interests, duties or obligations hereunder without the prior written consent of the Lenders) and (iii) inure to the benefit of and be enforceable by each Secured Party and its
successors and assigns. Upon any sale or other disposition by any Pledgor of any Collateral in a transaction expressly permitted hereunder or under or pursuant to the Credit Agreement or any other applicable Credit Document, the Lien and security
interest created by this Agreement in and upon such Collateral shall be automatically released, and upon the satisfaction of all of the Termination Requirements, this Agreement and the Lien and security interest created hereby shall terminate
(provided that the provisions of Section 6.7 shall survive the termination of this Agreement); and in connection with any such release or termination, the Administrative Agent, at the request and expense of the applicable Pledgor, will
execute and deliver to such Pledgor such documents and instruments evidencing such release or termination as such Pledgor may reasonably request and will assign, transfer and deliver to such Pledgor, without recourse and without representation or
warranty, such of the Collateral as may then be in the possession of the Administrative Agent (or, in the case of any partial release of Collateral, such of the Collateral so being released as may be in its possession). All representations,
warranties, covenants and 

  

 26 

 
agreements herein shall survive the execution and delivery of this Agreement and any Pledgor Accession. For purposes of this Agreement, “Termination
Requirements” means (x) the payment in full in cash of the Secured Obligations (other than contingent and indemnification obligations not then due and payable), (y) the termination of the Commitments and the termination or
expiration of all Letters of Credit under the Credit Agreement, and (z) the termination of, and settlement of all obligations of the Borrower under, each Permitted Hedge Agreement to which any Hedge Party is a party. 
 8.6 Additional Pledgors. Each Pledgor recognizes that the provisions of the Credit Agreement require Persons that become Subsidiaries of the
Borrower, and that are not already parties hereto, to execute and deliver a Pledgor Accession, whereupon each such Person shall become a Pledgor hereunder with the same force and effect as if originally a Pledgor hereunder on the date hereof, and
agrees that its obligations hereunder shall not be discharged, limited or otherwise affected by reason of the same, or by reason of the Administrative Agent’s actions in effecting the same or in releasing any Pledgor hereunder, in each case
without the necessity of giving notice to or obtaining the consent of such Pledgor or any other Pledgor. 
 8.7 Notices. All notices
and other communications provided for hereunder shall be given to the parties in the manner and subject to the other notice provisions set forth in the Credit Agreement and the Guaranty Agreement. 
 8.8 Governing Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York (including
Sections 5-1401 and 5-1402 of the New York General Obligations Law, but excluding all other choice of law and conflicts of law rules). The provisions of Section 11.2 of the Credit Agreement regarding submission to jurisdiction, waiver of venue
and service of process are incorporated herein by reference and shall apply to the Pledgors mutatis mutandis. 
 8.9
Severability. To the extent any provision of this Agreement is prohibited by or invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in such
jurisdiction, without prohibiting or invalidating such provision in any other jurisdiction or the remaining provisions of this Agreement in any jurisdiction. 
 8.10 Construction. The headings of the various sections and subsections of this Agreement have been inserted for convenience only and shall not in any way affect the meaning or construction of any of the
provisions hereof. Unless the context otherwise requires, words in the singular include the plural and words in the plural include the singular. 
 8.11 Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall
together constitute one and the same instrument. 
 [The remainder of this page left blank intentionally.] 
  

 27 

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

			
	 JACKSON HEWITT TAX SERVICE INC.
 JACKSON HEWITT INC.
 TAX SERVICES OF AMERICA, INC.
 HEWFANT INC.
 JACKSON HEWITT CORPORATE
     SERVICES INC.
 JACKSON HEWITT TECHNOLOGY
     SERVICES LLC

		
	By:	 	/s/ Daniel P. O’Brien
	Name:	 	Daniel P. O’Brien
	Title:	 	CFO

  

			
	Accepted and agreed to:
	
	WACHOVIA BANK, NATIONAL ASSOCIATION, as Administrative Agent
		
	By:	 	/s/ James J. Petronchak
	Name:	 	James J. Petronchak
	Title:	 	SVP

 Signature Page to Pledge and Security Agreement

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