Document:

EX-10.1

 Exhibit 10.1 
  

 
  

CREDIT AGREEMENT 
 dated as of 

October 12, 2017, 
 among 

Greenhill & Co., Inc., 

as Borrower, 
 The Lenders Party
Hereto, 
 Goldman Sachs Bank USA, 

as Administrative Agent, 
 Goldman
Sachs Bank USA, 
 as Sole Lead Arranger, Sole Syndication Agent and Sole Bookrunner 

 
  

 

 TABLE OF CONTENTS 
  

							
	 	    	 	  	Page	 
			
		    	ARTICLE I	  			
			
		    	DEFINITIONS	  			
			
	 Section 1.01
	    	Defined Terms	  	 	1	 
	 Section 1.02
	    	Classification of Loans and Borrowings	  	 	47	 
	 Section 1.03
	    	Terms Generally	  	 	47	 
	 Section 1.04
	    	Accounting Terms; GAAP	  	 	48	 
	 Section 1.05
	    	Pro Forma Calculations	  	 	48	 
	 Section 1.06
	    	Certain Calculations and Tests	  	 	48	 
	 Section 1.07
	    	Effectuation of Transactions	  	 	49	 
			
		    	ARTICLE II	  			
			
		    	THE CREDITS	  			
			
	 Section 2.01
	    	Commitments	  	 	50	 
	 Section 2.02
	    	Loans and Borrowings	  	 	50	 
	 Section 2.03
	    	Requests for Borrowings	  	 	50	 
	 Section 2.04
	    	[Reserved]	  	 	51	 
	 Section 2.05
	    	Letters of Credit	  	 	51	 
	 Section 2.06
	    	Funding of Borrowings	  	 	57	 
	 Section 2.07
	    	Interest Elections	  	 	58	 
	 Section 2.08
	    	Termination and Reduction of Commitments	  	 	59	 
	 Section 2.09
	    	Repayment of Loans; Evidence of Debt	  	 	59	 
	 Section 2.10
	    	Amortization of Term Loans	  	 	60	 
	 Section 2.11
	    	Prepayment of Loans	  	 	61	 
	 Section 2.12
	    	Fees	  	 	63	 
	 Section 2.13
	    	Interest	  	 	64	 
	 Section 2.14
	    	Alternate Rate of Interest	  	 	65	 
	 Section 2.15
	    	Increased Costs	  	 	65	 
	 Section 2.16
	    	Break Funding Payments	  	 	67	 
	 Section 2.17
	    	Taxes	  	 	67	 
	 Section 2.18
	    	Payments Generally; Pro Rata Treatment; Sharing of Setoffs	  	 	70	 
	 Section 2.19
	    	Mitigation Obligations; Replacement of Lenders	  	 	72	 
	 Section 2.20
	    	Incremental Credit Extensions	  	 	73	 
	 Section 2.21
	    	Refinancing Amendments	  	 	75	 
	 Section 2.22
	    	Defaulting Lenders	  	 	76	 
	 Section 2.23
	    	Illegality	  	 	77	 
	 Section 2.24
	    	Swing Line Loans	  	 	78	 

  
 i 

							
	 	    	 	  	Page	 
			
		    	ARTICLE III	  			
			
		    	REPRESENTATIONS AND WARRANTIES	  			
			
	 Section 3.01
	    	Organization; Powers	  	 	80	 
	 Section 3.02
	    	Authorization; Enforceability	  	 	81	 
	 Section 3.03
	    	Governmental Approvals; No Conflicts	  	 	81	 
	 Section 3.04
	    	Financial Condition; No Material Adverse Effect	  	 	81	 
	 Section 3.05
	    	Properties	  	 	82	 
	 Section 3.06
	    	Litigation and Environmental Matters	  	 	82	 
	 Section 3.07
	    	Compliance with Laws and Agreements	  	 	82	 
	 Section 3.08
	    	Investment Company Status	  	 	82	 
	 Section 3.09
	    	Taxes	  	 	83	 
	 Section 3.10
	    	ERISA	  	 	83	 
	 Section 3.11
	    	Disclosure	  	 	83	 
	 Section 3.12
	    	Subsidiaries	  	 	83	 
	 Section 3.13
	    	Intellectual Property; Licenses, Etc.	  	 	84	 
	 Section 3.14
	    	Solvency	  	 	84	 
	 Section 3.15
	    	Senior Indebtedness	  	 	84	 
	 Section 3.16
	    	Federal Reserve Regulations	  	 	84	 
	 Section 3.17
	    	Use of Proceeds	  	 	84	 
	 Section 3.18
	    	Labor Matters	  	 	85	 
	 Section 3.19
	    	Security Documents	  	 	85	 
	 Section 3.20
	    	Sanctions	  	 	85	 
	 Section 3.21
	    	Anti-Corruption Laws; Anti-Money Laundering Laws	  	 	85	 
	 Section 3.22
	    	No Other Liabilities	  	 	85	 
			
		    	ARTICLE IV	  			
			
		    	CONDITIONS	  			
			
	 Section 4.01
	    	Effective Date	  	 	86	 
	 Section 4.02
	    	Credit Extensions	  	 	88	 
			
		    	ARTICLE V	  			
			
		    	AFFIRMATIVE COVENANTS	  			
			
	 Section 5.01
	    	Financial Statements and Other Information	  	 	89	 
	 Section 5.02
	    	Notices of Material Events	  	 	91	 
	 Section 5.03
	    	Information Regarding Collateral	  	 	92	 
	 Section 5.04
	    	Existence; Conduct of Business	  	 	92	 
	 Section 5.05
	    	Payment of Taxes, Etc.	  	 	92	 
	 Section 5.06
	    	Maintenance of Properties	  	 	92	 
	 Section 5.07
	    	Insurance	  	 	92	 
	 Section 5.08
	    	Books and Records; Inspection and Audit Rights	  	 	93	 

  
 ii 

							
	 	    	 	  	Page	 
			
	 Section 5.09
	    	Compliance with Laws	  	 	93	 
	 Section 5.10
	    	Use of Proceeds and Letters of Credit	  	 	94	 
	 Section 5.11
	    	Additional Subsidiaries	  	 	94	 
	 Section 5.12
	    	Further Assurances	  	 	94	 
	 Section 5.13
	    	Designation of Subsidiaries	  	 	95	 
	 Section 5.14
	    	Certain Post-Closing Obligations	  	 	95	 
	 Section 5.15
	    	Maintenance of Rating of Facility	  	 	95	 
	 Section 5.16
	    	Lender Calls	  	 	96	 
	 Section 5.17
	    	Anti-Corruption Laws; Anti-Money Laundering Laws; Sanctions	  	 	96	 
	 Section 5.18
	    	Equity Investment	  	 	96	 
			
		    	ARTICLE VI	  			
			
		    	NEGATIVE COVENANTS	  			
			
	 Section 6.01
	    	Indebtedness; Certain Equity Securities	  	 	96	 
	 Section 6.02
	    	Liens	  	 	100	 
	 Section 6.03
	    	Fundamental Changes	  	 	102	 
	 Section 6.04
	    	Investments, Loans, Advances, Guarantees and Acquisitions	  	 	103	 
	 Section 6.05
	    	Asset Sales	  	 	106	 
	 Section 6.06
	    	Sale and Leaseback Transactions	  	 	108	 
	 Section 6.07
	    	Restricted Payments; Certain Payments of Indebtedness	  	 	108	 
	 Section 6.08
	    	Transactions with Affiliates	  	 	111	 
	 Section 6.09
	    	Restrictive Agreements	  	 	111	 
	 Section 6.10
	    	Amendment of Junior Financing Documents and Organizational Documents	  	 	112	 
	 Section 6.11
	    	Financial Performance Covenant	  	 	112	 
	 Section 6.12
	    	Changes in Fiscal Year	  	 	112	 
			
		    	ARTICLE VII	  			
			
		    	EVENTS OF DEFAULT	  			
			
	 Section 7.01
	    	Events of Default	  	 	113	 
			
		    	ARTICLE VIII	  			
			
		    	ADMINISTRATIVE AGENT	  			
			
	 Section 8.01
	    	Appointment and Authority	  	 	116	 
	 Section 8.02
	    	Rights as a Lender	  	 	116	 
	 Section 8.03
	    	Exculpatory Provisions	  	 	116	 
	 Section 8.04
	    	Reliance by Administrative Agent	  	 	117	 
	 Section 8.05
	    	Delegation of Duties	  	 	118	 
	 Section 8.06
	    	Resignation of Administrative Agent	  	 	118	 
	 Section 8.07
	    	Non-Reliance on Administrative Agent and Other Lenders	  	 	119	 

  
 iii 

							
	 	    	 	  	Page	 
			
	 Section 8.08
	    	No Other Duties, Etc.	  	 	119	 
	 Section 8.09
	    	Administrative Agent May File Proofs of Claim	  	 	119	 
	 Section 8.10
	    	No Waiver; Cumulative Remedies; Enforcement	  	 	120	 
	 Section 8.11
	    	Withholding Taxes	  	 	120	 
	 Section 8.12
	    	Right to Realize on Collateral and Enforce Guarantee	  	 	121	 
	 Section 8.13
	    	Certain ERISA Matters	  	 	121	 
			
		    	ARTICLE IX	  			
			
		    	MISCELLANEOUS	  			
			
	 Section 9.01
	    	Notices	  	 	123	 
	 Section 9.02
	    	Waivers; Amendments	  	 	125	 
	 Section 9.03
	    	Expenses; Indemnity; Damage Waiver	  	 	128	 
	 Section 9.04
	    	Successors and Assigns	  	 	130	 
	 Section 9.05
	    	Survival	  	 	135	 
	 Section 9.06
	    	Counterparts; Integration; Effectiveness	  	 	135	 
	 Section 9.07
	    	Severability	  	 	135	 
	 Section 9.08
	    	Right of Setoff	  	 	136	 
	 Section 9.09
	    	Governing Law; Jurisdiction; Consent to Service of Process	  	 	136	 
	 Section 9.10
	    	WAIVER OF JURY TRIAL	  	 	137	 
	 Section 9.11
	    	Headings	  	 	137	 
	 Section 9.12
	    	Confidentiality	  	 	137	 
	 Section 9.13
	    	USA PATRIOT Act	  	 	138	 
	 Section 9.14
	    	Release of Liens and Guarantees	  	 	139	 
	 Section 9.15
	    	No Advisory or Fiduciary Responsibility	  	 	140	 
	 Section 9.16
	    	Interest Rate Limitation	  	 	140	 
	 Section 9.17
	    	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	  	 	140	 

  
 iv 

					
	 SCHEDULES:
	    		    	
			
	 Schedule 1.01
	    	—  	    	 Regulated Subsidiaries

	 Schedule 2.01
	    	—  	    	 Commitments

	 Schedule 3.12
	    	—  	    	 Subsidiaries

	 Schedule 4.01(b)
	    	—  	    	 Local Counsel

	 Schedule 5.14
	    	—  	    	 Certain Post-Closing Obligations

	 Schedule 6.01
	    	—  	    	 Existing Indebtedness

	 Schedule 6.02
	    	—  	    	 Existing Liens

	 Schedule 6.04(e)
	    	—  	    	 Existing Investments

	 Schedule 6.08
	    	—  	    	 Existing Affiliate Transactions

	 Schedule 6.09
	    	—  	    	 Existing Restrictions

	 Schedule 9.01
	    	—  	    	 Notices

			
	 EXHIBITS:
	    		    	
			
	 Exhibit A
	    	—  	    	 Form of Assignment and Assumption

	 Exhibit B
	    	—  	    	 Form of Guarantee Agreement

	 Exhibit C
	    	—  	    	 Form of Perfection Certificate

	 Exhibit D
	    	—  	    	 Form of Collateral Agreement

	 Exhibit E
	    	—  	    	 Form of Borrowing Request

	 Exhibit F
	    	—  	    	 Form of Solvency Certificate

	 Exhibit G
	    	—  	    	 Form of Intercompany Note

	 Exhibit H-1
	    	—  	    	 Form of United States Tax Compliance Certificate 1

	 Exhibit H-2
	    	—  	    	 Form of United States Tax Compliance Certificate 2

	 Exhibit H-3
	    	—  	    	 Form of United States Tax Compliance Certificate 3

	 Exhibit H-4
	    	—  	    	 Form of United States Tax Compliance Certificate 4

  

  
 v 

 CREDIT AGREEMENT dated as of October 12, 2017 (this “Agreement”), among
Greenhill & Co., Inc. (the “Borrower”), the Lenders party hereto and Goldman Sachs Bank USA (“Goldman Sachs”), as Administrative Agent. 

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

ARTICLE I 
 DEFINITIONS

 Section 1.01 Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 

“ABR” when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing,
are bearing interest at a rate determined by reference to the Alternate Base Rate. 
 “Acquired EBITDA” means, with respect
to any Acquired Entity or Business or any Converted Restricted Subsidiary (any of the foregoing, a “Pro Forma Entity”) for any period prior to the applicable acquisition or conversion, the amount for such period of Consolidated
EBITDA of such Pro Forma Entity (determined as if references to the Borrower and their Restricted Subsidiaries in the definition of the term “Consolidated EBITDA” were references to such Pro Forma Entity and its subsidiaries which will
become Restricted Subsidiaries), all as determined on a consolidated basis for such Pro Forma Entity. 
 “Acquired Entity or
Business” has the meaning given to such term in the definition of “Consolidated EBITDA.” 
 “Additional
Lender” means any Additional Revolving Lender or any Additional Term Lender, as applicable. 
 “Additional Revolving
Lender” means, at any time, any bank or other financial institution selected by the Borrower that agrees to provide any portion of any (a) Incremental Revolving Commitment Increase pursuant to an Incremental Facility Amendment in
accordance with Section 2.20 or (b) Credit Agreement Refinancing Indebtedness pursuant to a Refinancing Amendment in accordance with Section 2.21; provided that each Additional Revolving Lender (other than any Person that is a
Lender, an Affiliate of a Lender or an Approved Fund of a Lender at such time) shall be subject to the approval of the Administrative Agent, the Borrower, the Swing Line Lender and each Issuing Bank (such approval in each case not to be unreasonably
withheld or delayed). 
 “Additional Term Lender” means, at any time, any bank or other financial institution (including
any such bank or financial institution that is a Lender at such time) that agrees to provide any portion of any (a) Term Facility pursuant to an Incremental Facility Amendment in accordance with Section 2.20 or (b) Credit Agreement
Refinancing Indebtedness pursuant to a Refinancing Amendment in accordance with Section 2.21; provided that each Additional Term Lender (other than any Person that is a Lender, an Affiliate of a Lender or an Approved Fund of a Lender at
such time) shall be subject to the approval of the Administrative Agent (such approval not to be unreasonably withheld or delayed) and the Borrower. 

 “Adjusted LIBO Rate” means with respect to any Eurodollar Borrowing for any
Interest Period, an interest rate per annum equal to (i) the LIBO Rate for such Interest Period multiplied by (ii) the Statutory Reserve Rate. 

“Administrative Agent” means Goldman Sachs, in its capacity as administrative agent hereunder and under the other Loan
Documents, and its successors in such capacity as provided in Article VIII. 
 “Administrative Questionnaire” means an
administrative questionnaire in a form supplied by the Administrative Agent. 
 “Affiliate” means, with respect to a
specified Person, another Person that directly or indirectly Controls or is Controlled by or is under common Control with the Person specified. 

“Agent” means each of the Administrative Agent, the Collateral Agent, the Lead Arranger, the Syndication Agent and their
respective successors and assigns in their capacities as such, and “Agents” means two or more of them. 
 “Agent
Parties” has the meaning assigned to such term in Section 9.01(d). 
 “Agreement” has the meaning given to
such term in the preamble hereto. 
 “All-In Yield” means, as to any Indebtedness,
the yield thereof, whether in the form of interest rate, margin, original issue discount, upfront fees, an interest rate floor, or otherwise, in each case, incurred or payable by the Borrower to all lenders of such indebtedness; provided that
(a) original issue discount and upfront fees shall be equated to interest based on assumed four-year life to maturity, (b) All-In Yield shall not include customary arrangement or commitment fees
payable to the Lead Arranger (or their affiliates) in connection with the Term Facility and the Revolving Credit Facility or to one or more arrangers (or their affiliates) of any Incremental Facility, and (c) if the Incremental Facility
includes an interest rate floor greater than the applicable existing Term Facility or Revolving Credit Facility, such differential between interest rate floors shall be equated to the applicable interest rate margin for purposes of determining
whether an increase to the interest rate margin under the applicable Term Facility or Revolving Credit Facility shall be required, but only to the extent an increase in the interest rate floor in the existing initial Loans would cause an increase in
the interest rate then in effect thereunder, and in such case the interest rate floor (but not the interest rate margin) applicable to the applicable existing Term Facility or Revolving Credit Facility shall be increased to the extent of such
differential between interest rate floor. 
 “Alternate Base Rate” means, for any day, a rate per annum equal to the
greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1% and (c) the Adjusted LIBO Rate (after giving effect to any “floor”) determined on such date
(or if such day is not a Business Day, the immediately preceding Business Day) for a deposit in dollars with a maturity of one month plus 1%. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate
or the Adjusted LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate, respectively. Notwithstanding the foregoing, (i) with respect to
the Term Loans, the Alternate Base Rate will be deemed to be 2.00% per annum if the Alternate Base Rate calculated pursuant to the foregoing provisions would otherwise be less than 2.00% per annum and (ii) with respect to Revolving Loans, the
Alternate Base Rate will be deemed to be 0.00% per annum if the Alternate Base Rate calculated pursuant to the foregoing provisions would otherwise be less than 0.00% per annum. 

  
 2 

 “Anti-Corruption Laws” means any and all laws, rules or regulations relating to
corruption or bribery, including, but not limited to, the FCPA and the UK Bribery Act 2010. 
 “Anti-Money Laundering Laws”
means any and all laws, rules or regulations relating to money laundering or terrorism financing, including, but not limited to, (a) 18 U.S.C. §§ 1956 and 1957; and (b) the Bank Secrecy Act, 31 U.S.C. §§ 5311 et seq., as
amended by the USA PATRIOT Act, and its implementing regulations. 
 “Applicable Account” means, with respect to any
payment to be made to the Administrative Agent hereunder, the account specified by the Administrative Agent from time to time for the purpose of receiving payments of such type. 

“Applicable Fronting Exposure” means, with respect to any Person that is an Issuing Bank at any time, the sum of (a) the
aggregate amount of all Letters of Credit issued by such Person in its capacity as an Issuing Bank (if applicable) that remains available for drawing at such time and (b) the aggregate amount of all LC Disbursements made by such Person in its
capacity as an Issuing Bank (if applicable) that have not yet been reimbursed by or on behalf of the Borrower at such time. 

“Applicable Percentage” means, at any time with respect to any Revolving Lender, the percentage of the aggregate Revolving
Commitments represented by such Lender’s Revolving Commitment at such time (or, if the Revolving Commitments have terminated or expired, such Lender’s share of the total Revolving Exposure at that time); provided that, at any time
any Revolving Lender shall be a Defaulting Lender, “Applicable Percentage” shall mean the percentage of the total Revolving Commitments (disregarding any such Defaulting Lender’s Revolving Commitment) represented by such Lender’s
Revolving Commitment. If the Revolving Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Revolving Commitments most recently in effect, giving effect to any assignments pursuant to this Agreement
and to any Lender’s status as a Defaulting Lender at the time of determination. 
 “Applicable Rate” means, for any
day, with respect to any Loan, (i) 2.75% per annum, in the case of an ABR Loan, or (ii) 3.75% per annum, in the case of a Eurodollar Loan. 

“Approved Bank” has the meaning assigned to such term in the definition of the term “Permitted Investments.” 

“Approved Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or
investing in commercial loans and similar extensions of credit in the ordinary course of its activities and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity
that administers or manages a Lender. 
 “Assignment and Assumption” means an assignment and assumption entered into by a
Lender and an Eligible Assignee (with the consent of any Person whose consent is required by Section 9.04), substantially in the form of Exhibit A or any other form (including electronic documentation generated by MarkitClear or other
electronic platform) reasonably approved by the Administrative Agent. 
 “Audited Financial Statements” means the audited
consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal years ended December 31, 2016, and 2015 and related audited consolidated statements of income, shareholders’ equity and cash flows. 

“Available Amount” means, at any date, an amount determined on a cumulative basis equal to the sum of (without duplication):

  
 3 

 (a) $5,000,000, plus 

(b) an amount, not less than zero, equal to the cumulative amount of Excess Cash Flow, commencing with respect to the
fiscal year ending December 31, 2018, of the Borrower and its Restricted Subsidiaries as of the end of the most recent Test Period completed prior to such date that is Not Otherwise Applied (it being understood for the avoidance of doubt that,
solely for purposes of this definition, Excess Cash Flow for any fiscal year shall be deemed to be zero until the financial statements required to be delivered pursuant to Section 5.01(a) for such fiscal year, and the related Compliance
Certificate required to be delivered pursuant to Section 5.01(d) for such fiscal year, have been received by the Administrative Agent), plus 

(c) returns, profits, distributions and similar amounts received in cash or Permitted Investments by the Borrower and the
Restricted Subsidiaries on Investments made using the Available Amount (not to exceed the amount of such Investments), plus 

(d) Investments of the Borrower or any of the Restricted Subsidiaries in any Unrestricted Subsidiary made using the Available
Amount that has been re-designated as a Restricted Subsidiary or that has been merged or consolidated with or into the Borrower or any of the Restricted Subsidiaries (up to the lesser of (i) the fair
market value of the Investments of the Borrower and the Restricted Subsidiaries in such Unrestricted Subsidiary at the time of such re-designation or merger or consolidation and (ii) the fair market value
of the original Investment by the Borrower and the Restricted Subsidiaries in such Unrestricted Subsidiary), plus 

(e) the Net Proceeds of a sale or other Disposition of any Unrestricted Subsidiary (including the issuance of stock of an
Unrestricted Subsidiary) received by the Borrower or any Restricted Subsidiary, plus 
 (f) dividends or other
distributions or returns on capital received by the Borrower or any Restricted Subsidiary from an Unrestricted Subsidiary, minus 

(g) an amount equal to the sum of (i) Restricted Payments made pursuant to Section 6.07(a)(vii), plus
(ii) Restricted Payments made pursuant to Section 6.07(b)(iv), plus (iii) Investments made pursuant to Section 6.04(m), in each case, made after the Effective Date and prior to such time, or contemporaneously
therewith. 
 “Available Equity Amount” means a cumulative amount equal to (without duplication): 

(a) the Net Proceeds of new public or private issuances of Qualified Equity Interests in the Borrower, plus 

(b) capital contributions received by the Borrower after the Effective Date in cash or Permitted Investments (other than in
respect of any Disqualified Equity Interest), plus 
 (c) the net cash proceeds received by the Borrower from
Indebtedness and Disqualified Equity Interest issuances issued after the Effective Date and which have been exchanged or converted into Qualified Equity Interests, plus 

(d) returns, profits, distributions and similar amounts received in cash or Permitted Investments by the Borrower and the
Restricted Subsidiaries on Investments made using the Available Equity Amount (not to exceed the amount of such Investments). 

  
 4 

 “Bail-In Action” means the exercise of
any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule. 
 “Bankruptcy Code” means Title 11 of the United State Code, as amended, or any similar federal or
state law for the relief of debtors. 
 “Benefit Plan” means any of (a) an “employee benefit plan” (as
defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I
of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 
 “Board
of Directors” means, with respect to any Person, (a) in the case of any corporation, the board of directors of such Person or any committee thereof duly authorized to act on behalf of such board, (b) in the case of any limited
liability company, the board of managers, board of directors, manager or managing member of such Person, (c) in the case of any partnership, the board of directors or board of managers, manager or managing member of a general partner of such
Person and (d) in any other case, the functional equivalent of the foregoing. 
 “Board of Governors” means the Board
of Governors of the Federal Reserve System of the United States of America. 
 “Borrower” has the meaning set forth in the
preamble. 
 “Borrower Materials” has the meaning assigned to such term in the last paragraph of Section 5.01. 

“Borrower Notice” has the meaning assigned to such term in the definition of “Collateral and Guarantee
Requirement.” 
 “Borrowing” means Loans of the same Class and Type, made, converted or continued on the same
date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect. 
 “Borrowing Minimum” means
(a) in the case of a Eurodollar Revolving Borrowing, $250,000 and (b) in the case of an ABR Revolving Borrowing, $100,000. 

“Borrowing Multiple” means (a) in the case of a Eurodollar Revolving Borrowing, $250,000 and (b) in the case of an
ABR Revolving Borrowing, $100,000. 
 “Borrowing Request” means a request by the Borrower for a Borrowing in accordance
with Section 2.03 which, if in writing, shall be substantially in the form of Exhibit E. 
 “Business Day” means any
day that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed; provided that when used in connection with a Eurodollar Loan, the term “Business Day”
shall also exclude any day on which banks are not open for dealings in dollar deposits in the London interbank market. 

  
 5 

 “Capital Lease Obligations” of any Person means the obligations of such Person
that is a Capitalized Lease and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP as in effect on the Effective Date. For purposes of Section 6.02, a Capital Lease Obligation shall be
deemed to be secured by a Lien on the property being leased and such property shall be deemed to be owned by the lessee. 

“Capitalized Leases” means all leases that have been or should be, in accordance with GAAP as in effect on the Effective
Date, recorded as capitalized leases. 
 “Capitalized Software Expenditures” means, for any period, the aggregate of all
expenditures (whether paid in cash or accrued as liabilities) by the Borrower and the Restricted Subsidiaries during such period in respect of purchased software or internally developed software and software enhancements that, in conformity with
GAAP, are or are required to be reflected as capitalized costs on the consolidated balance sheet of the Borrower and the Restricted Subsidiaries. 

“Cash Management Obligations” means obligations of the Borrower or any Restricted Subsidiary in respect of (x) any
overdraft and related liabilities arising from treasury, cash pooling, depository and cash management services or any automated clearing house transfers of funds and (y) other obligations in respect of netting services, employee credit card or
purchase card programs. 
 “Casualty Event” means any event that gives rise to the receipt by the Borrower or any
Restricted Subsidiary of any insurance proceeds or condemnation awards or in respect of any equipment, fixed assets or real property (including any improvements thereon) to replace or repair such equipment, fixed assets or real property. 

“CFC” means a “controlled foreign corporation” within the meaning of Section 957 of the Code. 

“Change in Control” means, (a) with respect to the Borrower, an event or series of events by which any
“person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act (as defined below), but excluding any employee benefit plan of such person or its subsidiaries, or any person or entity acting in its
capacity as trustee, agent or other fiduciary or administrator of any such plan), other than one or more Permitted Holders, becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that such a person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the right to acquire (such right,
“option right”), whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of 35% or more of Equity Interests of the Borrower (or its successor by way or merger, amalgamation, arrangement,
consolidation or purchase of all or substantially all of its assets) or (b) the occurrence of a “Change in Control” (or similar event, however denominated), as defined in the documentation governing any Junior Financing. 

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

  
 6 

 “Class” when used in reference to (a) any Loan or Borrowing, refers to
whether such Loan, or the Loans comprising such Borrowing, are Revolving Loans, Incremental Revolving Loans, Other Revolving Loans, Term Loans, Incremental Term Loans or Other Term Loans, (b) any Commitment, refers to whether such Commitment is
a Revolving Commitment, Other Revolving Commitment, Term Commitment or Other Term Commitment and (c) any Lender, refers to whether such Lender has a Loan or Commitment with respect to a particular Class of Loans or Commitments. Other Term
Commitments, Other Term Loans, Other Revolving Commitments (and the Other Revolving Loans made pursuant thereto), Incremental Revolving Loans and term loans made pursuant to any Incremental Term Increase that have different terms and conditions
shall be construed to be in different Classes. 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Cogent Earnout Obligation” means the contingent obligation to pay an amount equal to $18,900,000 to the selling unitholders
of Cogent Partners, LP upon the satisfaction of certain conditions by March 31, 2019, as set forth in the Unit Purchase Agreement dated as of February 9, 2015 by and among Cogent Partners, LP, CP Cogent Securities LP, Cogent Partners
Europe LLP, the Borrower and the Sellers and Seller Representative named therein, as amended to the date hereof. 

“Collateral” means (i) all assets, including without limitation, all personal, real and mixed property of the Borrower,
the Guarantors and the Domestic Regulated Subsidiaries (other than Excluded Assets), (ii) advisory fees receivables of the Borrower, the Guarantors and the Domestic Regulated Subsidiaries (other than Excluded Assets) and (iii) 100% of the capital
stock of each Domestic Subsidiary of the Borrower, the Guarantors and the Domestic Regulated Subsidiaries, 65% of the capital stock of each direct Foreign Subsidiary of the Borrower, the Guarantors and the Domestic Regulated Subsidiaries and all
intercompany debt of the Borrower, the Guarantors and the Domestic Regulated Subsidiaries, on which Liens are purported to be granted pursuant to the Security Documents as security for the Secured Obligations. 

“Collateral Agent” means Goldman Sachs, in its capacity as collateral agent hereunder and under the other Loan Documents, and
shall include any duly appointed successor in that capacity. 
 “Collateral Agreement” means the Collateral Agreement among
the Borrower, each other Loan Party and the Administrative Agent, substantially in the form of Exhibit D. 
 “Collateral and
Guarantee Requirement” means, at any time, subject in each case to Section 5.14, the requirement that: 
 (a)
the Administrative Agent shall have received from (i) the Borrower and each of the Restricted Subsidiaries (other than any Excluded Subsidiary or any Domestic Regulated Subsidiary) either (x) a counterpart of the Guarantee Agreement duly
executed and delivered on behalf of such Person or (y) in the case of any Person that becomes (or that is required to become) a Loan Party after the Effective Date (including by ceasing to be an Excluded Subsidiary), a supplement to the
Guarantee Agreement, in the form specified therein, duly executed and delivered on behalf of such Person and (ii) the Borrower, each Subsidiary Loan Party and each Domestic Regulated Subsidiary either (x) a counterpart of the Collateral
Agreement duly executed and delivered on behalf of such Person or (y) in the case of any Person that becomes (or that is required to become) a Subsidiary Loan Party or a Domestic Regulated Subsidiary after the Effective Date

  
 7 

 
(including by ceasing to be an Excluded Subsidiary), a supplement to the Collateral Agreement, in the form specified therein, duly executed and delivered on behalf of such Person, in each case
under this clause (a) together with, in the case of any such Loan Documents executed and delivered after the Effective Date, to the extent reasonably requested by the Administrative Agent, documents and opinions of the type referred to in
Section 4.01(a), Section 4.01(c) and Section 4.01(d); 
 (b) all outstanding Equity Interests of the Borrower
and each Restricted Subsidiary (other than any Equity Interests constituting Excluded Assets) owned directly by any Loan Party, shall have been pledged pursuant to the Collateral Agreement, and the Administrative Agent shall have received
certificates, if any, or other instruments, if any, representing all such Equity Interests, together with undated stock powers or other instruments of transfer with respect thereto endorsed in blank; 

(c) if any Indebtedness for borrowed money (including in respect of cash management arrangements) of the Borrower or any
Subsidiary in a principal amount of $5,000,000 or more is owing by such obligor to any Loan Party and such Indebtedness is evidenced by a promissory note, such promissory notes shall have been pledged pursuant to the Collateral Agreement, and the
Administrative Agent shall have received all such promissory notes, together with undated instruments of transfer with respect thereto endorsed in blank; 

(d) all certificates, agreements, documents and instruments, including Uniform Commercial Code financing statements, required
by the Security Documents, Requirements of Law and as reasonably requested by the Administrative Agent to be filed, delivered, registered or recorded to create the Liens intended to be created by the Security Documents and perfect such Liens to the
extent required by, and with the priority required by, the Security Documents and the other provisions of the term “Collateral and Guarantee Requirement,” shall have been filed, registered or recorded or delivered to the Administrative
Agent for filing, registration or recording; and 
 (e) with respect to any fee-owned
(but not leased or ground leased) Material Real Property owned by a Loan Party located in the United States, the Administrative Agent shall have received (i) counterparts of a Mortgage with respect to each Material Real Property duly executed
and delivered by the record owner of such Mortgaged Property, (ii) no later than three Business Days prior to the date on which a Mortgage is executed and delivered, in order to comply with the Flood Laws, the following documents: (A) a
completed standard “life of loan” flood hazard determination form (a “Flood Determination Form”), (B) if the improvement(s) to the applicable improved real property is located in a special flood hazard area, a notification
to the Borrower (“Borrower Notice”) and (if applicable) notification to the Borrower that flood insurance coverage under the National Flood Insurance Program (“NFIP”) is not available because the community does not
participate in the NFIP, (C) documentation evidencing the Borrower’s receipt of the Borrower Notice (e.g., countersigned Borrower Notice, return receipt of certified U.S. Mail, or overnight delivery), and (D) if the Borrower Notice is
required to be given and flood insurance is available in the community in which the property is located, a copy of one of the following: the flood insurance policy, the Borrower’s application for a flood insurance policy plus proof of premium
payment, a declaration page confirming that flood insurance has been issued, or such other evidence of flood insurance satisfactory to the Administrative Agent (any of the foregoing being “Evidence of Flood Insurance”), (iii) such
legal opinions as the Administrative Agent may reasonably request with respect to any such Mortgage or Mortgaged Property, in each case, in form and substance reasonably satisfactory to the Administrative Agent, and (iv) evidence of payment of
all recording the Mortgage, any amendments thereto and any fixture filings in appropriate county land office(s). 

  
 8 

 Notwithstanding the foregoing provisions of this definition or anything in this Agreement or any
other Loan Document to the contrary, (a) the foregoing provisions of this definition shall not require the creation or perfection of pledges of or security interests in, or the obtaining of title insurance, legal opinions or other deliverables
with respect to, particular assets of the Loan Parties, or the provision of Guarantees by any Subsidiary, if, and for so long as and to the extent that the Administrative Agent and the Borrower reasonably agree in writing that the cost of creating
or perfecting such pledges or security interests in such assets, or obtaining such title insurance, legal opinions or other deliverables in respect of such assets, or providing such Guarantees (taking into account any adverse tax consequences to the
Borrower and its Affiliates (including the imposition of material withholding or other taxes)), shall be excessive in view of the benefits to be obtained by the Lenders therefrom, (b) Liens required to be granted from time to time pursuant to
the term “Collateral and Guarantee Requirement” shall be subject to exceptions and limitations set forth in the Security Documents, (c) in no event shall control agreements or other control or similar arrangements be required with
respect to deposit accounts, securities accounts, letter of credit rights or other assets requiring perfection by control (but not, for the avoidance of doubt, possession), (d) in no event shall any Loan Party be required to complete any filings or
other action with respect to the perfection of security interests in any jurisdiction outside of the United States (including any Equity Interests of Foreign Subsidiaries and any Foreign Intellectual Property) or to perfect or make enforceable any
security interests in any such assets it being understood that there shall be no security agreements or pledge agreements governed under the laws of any non-U.S. jurisdiction, (e) in no event shall any
Loan Party be required to complete any filings or other action with respect to perfection of security interests in assets subject to certificates of title beyond the filing of UCC financing statements, (f) no actions shall be required to
perfect a security interest in letter of credit rights (other than the filing of UCC financing statements), (g) no landlord lien waivers, estoppels or collateral access letters shall be required and (h) in no event shall the Collateral include
any Excluded Assets. The Administrative Agent may grant extensions of time for the creation and perfection of security interests in or the obtaining of title insurance, legal opinions or other deliverables with respect to particular assets or the
provision of any Guarantee by any Subsidiary (including extensions beyond the Effective Date or in connection with assets acquired, or Subsidiaries formed or acquired, after the Effective Date) where it determines that such action cannot be
accomplished without undue effort or expense by the time or times at which it would otherwise be required to be accomplished by this Agreement or the Security Documents. 

“Commitment” means with respect to any Lender, its Revolving Commitment, Other Revolving Commitment of any Class, Term
Commitment, and Other Term Commitment of any Class or any combination thereof (as the context requires).“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. §§ 1 et seq.), as amended from time to time,
and any successor statute. 
 “Competitors” means (i) any competitor of the Borrower and its Subsidiaries that is in
the same or a substantially similar line of business and (ii) any customer and supplier of the Borrower and its Subsidiaries (other than any customer that is a bank, financial institution, other institutional lender or an Affiliate thereof).

 “Compliance Certificate” has the meaning assigned to such term in Section 5.01(d). 

“Consolidated EBITDA” means, for any period, Consolidated Net Income for such period, plus: 

(a) without duplication and to the extent already deducted (and not added back) in arriving at such Consolidated Net Income,
the sum of the following amounts for such period: 

  
 9 

 (i) total interest expense and, to the extent not reflected in such total
interest expense, any losses on hedging obligations or other derivative instruments entered into for the purpose of hedging interest rate risk, net of unrealized gains on such hedging obligations or such derivative instruments, and bank and letter
of credit fees and costs of surety bonds in connection with financing activities; 
 (ii) provision for taxes based on
income, profits or capital and sales taxes, including federal, foreign, state, franchise, excise, and similar taxes paid or accrued during such period (including in respect of repatriated funds); 

(iii) [reserved]; 

(iv) Non-Cash Charges; 

(v) extraordinary losses in accordance with GAAP; 

(vi) unusual or non-recurring charges (including any unusual or non-recurring operating expenses directly attributable to the implementation of cost savings initiatives); 

(vii) retention, recruiting, relocation and signing bonuses or completion bonuses and expenses, stock option and other
equity-based compensation expenses, severance costs, transaction fees and expenses, including, without limitation, any one time expenses relating to enhanced accounting functions or other transaction costs; 

(viii) restructuring charges, accruals or reserves (including restructuring costs related to acquisitions and adjustments to
existing reserves); 
 (ix) [reserved]; 

(x) the amount of any minority interest expense consisting of subsidiary income attributable to minority equity interests of
third parties in any Non-Wholly Owned Subsidiary deducted (and not added back in such period to Consolidated Net Income); 

(xi) [reserved]; 

(xii) losses on asset sales, disposals or abandonments (other than asset sales, disposals or abandonments in the ordinary
course of business); 
 (xiii) the amount of any net losses from discontinued operations in accordance with GAAP; 

(xiv) any non-cash loss attributable to the mark to market movement in the valuation of
any Equity Interests, and hedging obligations or other derivative instruments (in each case, including, pursuant to Financial Accounting Standards Board Accounting Standards Codification No. 815—Derivatives and Hedging and only to the extent
the cash impact resulting from such loss has not been realized); 
 (xv) any loss relating to amounts paid in cash prior to
the stated settlement date of any hedging obligation or other derivative instrument that has been reflected in Consolidated Net Income for such period; 

  
 10 

 (xvi) any gain relating to hedging obligations associated with transactions
realized in the current period that has been reflected in Consolidated Net Income in prior periods and excluded from Consolidated EBITDA pursuant to clauses (b)(v) and (b)(vi) below; 

(xvii) to the extent not otherwise included in Consolidated Net Income, proceeds of business interruption insurance in an
amount representing the earnings for the applicable period that such proceeds are intended to replace (to the extent actually received); 

(xviii) other accruals and expenses (including rationalization, legal, tax, structuring and other costs and expenses) related
to the Transactions, Permitted Acquisitions, Investments, Restricted Payments and Dispositions or issuance of debt or equity, whether or not consummated and all cash dividends (and non-cash dividend expenses)
on any series of preferred stock to the extent paid; and 
 (xix) charges, losses or expenses to the extent indemnified,
reimbursable or insured (to the extent covered by contractual indemnifications or reimbursement agreements and actually paid or covered by insurance and actually reimbursed or otherwise paid, or so long as the Borrower has made a determination that
there exists reasonable evidence that such amount will in fact be reimbursed by the insurer or indemnitor or third party counterparty and only to the extent that such amount is (A) not denied by the applicable carrier or indemnitor or
counterparty in writing within 180 days of the occurrence of such event and (B) in fact reimbursed within 365 days of the date of such event (with a deduction for any amount so added back to the extent not so reimbursed within 365 days) or
reimbursed by a third party; 
 less 

(b) without duplication and to the extent included in arriving at such Consolidated Net Income, the sum of the following
amounts for such period: 
 (i) extraordinary gains and unusual or non-recurring
gains; 
 (ii) non-cash gains (excluding any
non-cash gain to the extent it represents the reversal of an accrual or reserve for a potential cash item that reduced Consolidated Net Income or Consolidated EBITDA in any prior period); 

(iii) gains on asset sales, disposals or abandonments (other than asset sales, disposals or abandonments in the ordinary course
of business); 
 (iv) the amount of any net income from discontinued operations in accordance with GAAP; 

(v) any non-cash gain attributable to the mark to market movement in the valuation of
any Equity Interests, and hedging obligations or other derivative instruments (in each case, including, pursuant to Financial Accounting Standards Board Accounting Standards Codification No. 815—Derivatives and Hedging and only to the extent
the cash impact resulting from such gain has not been realized); 

  
 11 

 (vi) any gain relating to amounts received in cash prior to the stated settlement
date of any hedging obligation or other derivative instruments that has been reflected in Consolidated Net Income in such period; 

(vii) any loss relating to hedging obligations associated with transactions realized in the current period that has been
reflected in Consolidated Net Income in prior periods and excluded from Consolidated EBITDA pursuant to clauses (a)(xiv) and (a)(xvi) above; and 

(viii) the amount of any minority interest income consisting of subsidiary loss attributable to minority equity interests of
third parties in any Non-Wholly Owned Subsidiary added (and not deducted in such period to Consolidated Net Income); 

in each case, as determined on a consolidated basis for the Borrower and the Restricted Subsidiaries in accordance with GAAP; provided that, 

(I) to the extent included in Consolidated Net Income, there shall be excluded in determining Consolidated EBITDA currency
translation gains and losses related to currency remeasurements of assets or liabilities (including the net loss or gain resulting from hedging agreements for currency exchange risk and revaluations of intercompany balances); 

(II) to the extent included in Consolidated Net Income, there shall be excluded in determining Consolidated EBITDA for any
period any adjustments resulting from the application of Financial Accounting Standards Board Accounting Standards Codification No. 815—Derivatives and Hedging; 

(III) there shall be included in determining Consolidated EBITDA for any period, without duplication, to the extent not
included in Consolidated Net Income, the Acquired EBITDA of any Person, property, business or asset acquired by the Borrower or any Restricted Subsidiary during such period (other than any Unrestricted Subsidiary) to the extent not subsequently
sold, transferred or otherwise disposed of (but not including the Acquired EBITDA of any related Person, property, business or assets to the extent not so acquired) (each such Person, property, business or asset acquired, and not subsequently so
disposed of, an “Acquired Entity or Business”), and the Acquired EBITDA of any Unrestricted Subsidiary that is converted into a Restricted Subsidiary during such period (each, a “Converted Restricted Subsidiary”),
in each case based on the Acquired EBITDA of such Pro Forma Entity for such period (including the portion thereof occurring prior to such acquisition or conversion) determined on a historical Pro Forma Basis; 

(IV) there shall be (A) to the extent included in Consolidated Net Income, excluded in determining Consolidated EBITDA for
any period the Disposed EBITDA of any Person, property, business or asset (other than any Unrestricted Subsidiary) sold, transferred or otherwise disposed of, closed or classified as discontinued operations (other than if so classified on the basis
that it is being held for sale unless such sale has actually occurred during such period) by the Borrower or any Restricted Subsidiary during such period (each such Person, property, business or asset so sold, transferred or otherwise disposed of,
closed or classified, a “Sold Entity or Business”), and the Disposed EBITDA of any Restricted Subsidiary that is converted into an Unrestricted Subsidiary during such period (each, a “Converted Unrestricted
Subsidiary”), in each case based on the Disposed EBITDA of such Sold Entity or Business or Converted Unrestricted Subsidiary for such period (including the portion thereof occurring prior to such sale, transfer, disposition, closure,
classification or conversion) determined on a historical Pro Forma Basis and (B) to the extent not 

  
 12 

 
included in Consolidated Net Income, included in determining Consolidated EBITDA for any period in which a Sold Entity or Business is disposed, an adjustment equal to the Pro Forma Disposal
Adjustment with respect to such Sold Entity or Business (including the portion thereof occurring prior to such disposal) as specified in the Pro Forma Disposal Adjustment certificate delivered to the Administrative Agent (for further delivery to the
Lenders); and 
 (V) to the extent included in Consolidated Net Income, there shall be excluded in determining Consolidated
EBITDA any expense (or income) as a result of adjustments recorded to contingent consideration liabilities relating to any Permitted Acquisition (or other Investment permitted hereunder). 

Notwithstanding the foregoing, for purposes of this Agreement, Consolidated EBITDA shall be deemed to equal (a) $32.4 million for the
fiscal quarter ended September 30, 2016, (b) $48.1 million for the fiscal quarter ended December 31, 2016, (c) $15.0 million for the fiscal quarter ended March 31, 2017 and (d) $20.1 million for the fiscal quarter ended
June 30, 2017 (it being understood that such amounts are subject to future adjustments, as and to the extent otherwise contemplated in this Agreement, in connection with any future Pro Forma Disposal Adjustment or any future calculation on a
Pro Forma Basis). 
 “Consolidated Net Income” means, for any period, the net income (loss) of the Borrower and the
Restricted Subsidiaries for such period determined on a consolidated basis in accordance with GAAP, excluding, without duplication, 

(a) extraordinary items for such period, 

(b) the cumulative effect of a change in accounting principles during such period to the extent included in Consolidated Net
Income, 
 (c) Transaction Costs, 

(d) any fees and expenses (including any transaction or retention bonus) incurred during such period, or any amortization
thereof for such period, in connection with any acquisition, Investment, asset disposition, issuance or repayment of debt, issuance of equity securities, refinancing transaction or amendment or other modification of or waiver or consent relating to
any debt instrument, 
 (e) any income (loss) for such period attributable to the early extinguishment of Indebtedness,
hedging agreements or other derivative instruments, 
 (f) [reserved], 

(g) stock-based award compensation expenses, 

(h) any income (loss) attributable to deferred compensation plans or trusts, and 

(i) any income (loss) from Investments recorded using the equity method. 

“Consolidated Total Assets” means, as of any date of determination, the amount that would be set forth opposite the caption
“total assets” (or any like caption) in the most recent consolidated balance sheet of the Borrower and the Restricted Subsidiaries in accordance with GAAP. 

  
 13 

 “Consolidated Total Debt” means, as of any date of determination, the aggregate
principal amount of Indebtedness of the Borrower and the Restricted Subsidiaries outstanding on such date, determined on a consolidated basis in accordance with GAAP consisting only of Indebtedness for borrowed money, obligations in respect of
Capitalized Leases and purchase money indebtedness, determined on a consolidated basis in accordance with GAAP. 
 “Consolidated
Total Net Debt” means, as of any date of determination, (a) the aggregate principal amount of Indebtedness of the Borrower and the Restricted Subsidiaries outstanding on such date, determined on a consolidated basis in accordance
with GAAP consisting only of Indebtedness for borrowed money, obligations in respect of Capitalized Leases and purchase money indebtedness, determined on a consolidated basis in accordance with GAAP minus (b) the aggregate amount of cash
and Permitted Investments of the Borrower and the Restricted Subsidiaries (in each case, free and clear of all Liens, other than Liens permitted pursuant to Section 6.02). 

“Consolidated Working Capital” means, at any date, the excess of (a) the sum of all amounts (other than cash and
Permitted Investments) that would, in conformity with GAAP, be set forth opposite the caption “total current assets” (or any like caption) on a consolidated balance sheet of the Borrower and the Restricted Subsidiaries at such date,
excluding the current portion of current and deferred income taxes over (b) the sum of all amounts that would, in conformity with GAAP, be set forth opposite the caption “total current liabilities” (or any like caption) on a
consolidated balance sheet of the Borrower and the Restricted Subsidiaries on such date, including deferred revenue but excluding, without duplication, (i) the current portion of any Funded Debt, (ii) all Indebtedness consisting of Loans
and obligations under Letters of Credit to the extent otherwise included therein, (iii) the current portion of interest and (iv) the current portion of current and deferred income taxes; provided that, for purposes of calculating
Excess Cash Flow, increases or decreases in working capital (A) arising from acquisitions or dispositions by the Borrower and the Restricted Subsidiaries shall be measured from the date on which such acquisition or disposition occurred until
the first anniversary of such acquisition or disposition with respect to the Person subject to such acquisition or disposition and (B) shall exclude (I) the impact of non-cash adjustments
contemplated in the Excess Cash Flow calculation, (II) the impact of adjusting items in the definition of “Consolidated Net Income” and (III) any changes in current assets or current liabilities as a result of (y) any
reclassification in accordance with GAAP of assets or liabilities, as applicable, between current and noncurrent or (z) the effects of acquisition method accounting. 

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

“Converted Restricted Subsidiary” has the meaning given such term in the definition of “Consolidated EBITDA.” 

“Converted Unrestricted Subsidiary” has the meaning given such term in the definition of “Consolidated EBITDA.”

 “Credit Agreement Refinancing Indebtedness” means Indebtedness incurred, issued or otherwise obtained (including by
means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace or refinance, in whole or part, existing Term Loans, outstanding Revolving Loans or (in the case of Other Revolving Commitments obtained
pursuant to a Refinancing Amendment) Revolving Commitments hereunder (including any successive Credit Agreement Refinancing Indebtedness) (“Refinanced Debt”); provided that (i) such extending, renewing or refinancing
Indebtedness (including, if such Indebtedness includes any Other Revolving Commitments, the unused portion of such 

  
 14 

 
Other Revolving Commitments) is in an original aggregate principal amount not greater than the aggregate principal amount of the Refinanced Debt (and, in the case of Refinanced Debt consisting,
in whole or in part, of unused Revolving Commitments or Other Revolving Commitments, the amount thereof) except by an amount equal to unpaid accrued interest and premium thereon plus fees, expenses, commissions, underwriting discounts and premiums
incurred and payable in connection with such Indebtedness (unless such additional amount constitutes a utilization of a then available basket), (ii) such Indebtedness does not mature earlier than and, except in the case of Other Revolving
Commitments, does not have a Weighted Average Life to Maturity shorter than, the Refinanced Debt and, in the case of Other Revolving Loans or Other Revolving Commitments, shall not have any mandatory commitment reductions prior to the maturity date
of the Revolving Loans (or unused Revolving Commitments) being refinanced, (iii) such Refinanced Debt shall not be guaranteed by any entity that is not a Loan Party, (iv) in the case of any secured Indebtedness (x) is not secured by
any assets not securing the Secured Obligations and (y) is subject to an intercreditor or subordination agreement reasonably satisfactory to the Administrative Agent), (v) has covenants and events of default (excluding pricing, and optional
prepayment or redemption provisions) that are not more favorable (when taken as a whole) to the lenders or investors providing such Indebtedness than the terms and conditions of this Agreement (when taken as a whole) are to the Lenders (except for
covenants or other provisions applicable only to periods after the Latest Maturity Date at the time of such Indebtedness is issued, incurred or obtained), and (vi) such Refinanced Debt shall be repaid, defeased or satisfied and discharged, and
all accrued interest, fees and premiums (if any) in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained; provided that to the extent that such Refinanced Debt
consists, in whole or in part, of Revolving Commitments or Other Revolving Commitments (or Revolving Loans or Other Revolving Loans incurred pursuant to any Revolving Commitments or Other Revolving Commitments), such Revolving Commitments or Other
Revolving Commitments, as applicable, shall be terminated, and all accrued fees in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained. 

“Debtor Relief Laws” means the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for the
benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors
generally. 
 “Default” means any event or condition that constitutes an Event of Default or that upon notice, lapse of
time or both would, unless cured or waived, become an Event of Default. 
 “Defaulting Lender” means, subject to
Section 2.22(c), any Lender that (a) has failed to perform any of its funding obligations hereunder, including in respect of its Loans or participations in respect of Letters of Credit, within one Business Day of the date required to be
funded by it hereunder, (b) has notified the Borrower, the Administrative Agent, the Swing Line Lender or any Issuing Bank that it does not intend to comply with its funding obligations or has made a public statement or provided any written
notification to any Person to that effect with respect to its funding obligations hereunder or under other agreements in which it commits to extend credit, (c) has failed, within three Business Days after request by the Administrative Agent
(whether acting on its own behalf or at the reasonable request of the Borrower (it being understood that the Administrative Agent shall comply with any such reasonable request)), the Swing Line Lender or any Issuing Bank, to confirm in a manner
satisfactory to the Administrative Agent, the Swing Line Lender, the Issuing Banks, and the Borrower that it will comply with its funding obligations, or (d) has, or has a direct or indirect parent company that has, (i) become the subject
of a proceeding under any Debtor Relief Law, (ii) had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or a custodian appointed
for it, (iii) taken any action in furtherance of, or indicated its consent to, 

  
 15 

 
approval of or acquiescence in any such proceeding or appointment, or (iv) become the subject of a Bail-In Action; provided that a Lender shall
not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority, unless such ownership or acquisition of such equity
interest results in or provides such Person with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority or
instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person. 
 “Defaulting Lender
Fronting Exposure” means, at any time there is a Defaulting Lender, with respect to an Issuing Bank, such Issuing Bank’s Applicable Fronting Exposure in respect of such Defaulting Lender (other than any portion of such Applicable
Fronting Exposure as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or cash collateralized in accordance with the terms hereof). 

“Designated Non-Cash Consideration” means the fair market value of non-cash consideration received by the Borrower or a Subsidiary in connection with a Disposition pursuant to Section 6.05(k) that is designated as Designated Non-Cash
Consideration pursuant to a certificate of a Responsible Officer of the Borrower, setting forth the basis of such valuation (which amount will be reduced by the fair market value of the portion of the non-cash
consideration converted to cash within 180 days following the consummation of the applicable Disposition). 
 “Disposed
EBITDA” means, with respect to any Sold Entity or Business or Converted Unrestricted Subsidiary for the period through (but not after) the date of such disposition, the amount for such period of Consolidated EBITDA of such Sold Entity or
Business or Converted Unrestricted Subsidiary (determined as if references to the Borrower and the Restricted Subsidiaries in the definition of the term “Consolidated EBITDA” (and in the component financial definitions used therein) were
references to such Sold Entity or Business and its subsidiaries or to Converted Unrestricted Subsidiary and its subsidiaries), all as determined on a consolidated basis for such Sold Entity or Business or Converted Unrestricted Subsidiary. 

“Disposition” has the meaning assigned to such term in Section 6.05. 

“Disqualified Equity Interest” means, with respect to any Person, any Equity Interest in such Person that by its terms (or by
the terms of any security into which it is convertible or for which it is exchangeable, either mandatorily or at the option of the holder thereof), or upon the happening of any event or condition: 

(a) matures or is mandatorily redeemable (other than solely for Equity Interests in such Person that do not constitute
Disqualified Equity Interests and cash in lieu of fractional shares of such Equity Interests), whether pursuant to a sinking fund obligation or otherwise; 

(b) is convertible or exchangeable, either mandatorily or at the option of the holder thereof, for Indebtedness or Equity
Interests (other than solely for Equity Interests in such Person that do not constitute Disqualified Equity Interests and cash in lieu of fractional shares of such Equity Interests); or 

(c) is redeemable (other than solely for Equity Interests in such Person that do not constitute Disqualified Equity Interests
and cash in lieu of fractional shares of such Equity Interests) or is required to be repurchased by such Person or any of its Affiliates, in whole or in part, at the option of the holder thereof; 

  
 16 

 in each case, on or prior to the date 91 days after the Latest Maturity Date; provided, however,
that (i) an Equity Interest in any Person that would not constitute a Disqualified Equity Interest but for terms thereof giving holders thereof the right to require such Person to redeem or purchase such Equity Interest upon the occurrence of
an “asset sale” or a “change of control” shall not constitute a Disqualified Equity Interest if any such requirement becomes operative only after repayment in full of all the Loans and all other Loan Document Obligations that are
accrued and payable, the cancellation or expiration of all Letters of Credit (without any pending drawing thereon) and the termination of the Commitments and (ii) if an Equity Interest in any Person is issued pursuant to any plan for the
benefit of employees of the Borrower or any of its subsidiaries or by any such plan to such employees, such Equity Interest shall not constitute a Disqualified Equity Interest solely because it may be required to be repurchased by the Borrower or
any of its subsidiaries in order to satisfy applicable statutory or regulatory obligations of such Person. 
 “Disqualified
Lenders” means (i) Competitors of the Borrower and its Subsidiaries specified to the Lead Arranger by the Borrower or in writing on or prior to the date hereof (which list of Competitors may be supplemented by the Borrower after the
Effective Date by means of a written notice to and the consent of the Administrative Agent), (ii) certain banks, financial institutions, other institutional lenders and other entities, in each case, that have been specified to the Lead Arranger by
the Borrower in writing on or prior to September 25, 2017 and (iii) as to any entity referenced in each case of clauses (i) and (ii) above (the “Primary Disqualified Lender”), any of such Primary Disqualified
Lender’s known Affiliates readily identifiable solely by name, but excluding any Affiliate that is primarily engaged in, or that advises funds or other investment vehicles that are engaged in, making, purchasing, holding or otherwise investing
in commercial loans, bonds and similar extensions of credit or securities in the ordinary course and with respect to which the Primary Disqualified Lender does not, directly or indirectly, possess the power to direct or cause the direction of the
investment policies of such entity and that no Disqualified Lenders may become Lenders (provided, that any additional designation permitted by the foregoing shall not apply retroactively to any prior assignment to any Lender (or prior participation
in the Term Facility or Revolving Credit Facility) permitted hereunder at the time of such assignment (or prior participation in the Term Facility or Revolving Credit Facility)). 

“dollars” or “$” refers to lawful money of the United States of America. 

“Domestic Regulated Subsidiary” means a Regulated Subsidiary that is a Domestic Subsidiary. 

“Domestic Subsidiary” means any Subsidiary that is not a Foreign Subsidiary, FSHCO, or a Subsidiary of a Foreign Subsidiary
or FSHCO. 
 “ECF Percentage” means, with respect to the prepayment required by Section 2.11(d) with respect to any
fiscal year of the Borrower, if the Total Net Leverage Ratio (prior to giving effect to the applicable prepayment pursuant to Section 2.11(d)) as of the end of such fiscal year is (a) greater than or equal to 2.00:1.00, 50% of Excess Cash
Flow for such fiscal year, (b) greater than or equal to 1.50:1.00 but less than 2.00:1.00, 25% of Excess Cash Flow for such fiscal year and (c) less than 1.50:1.00, 0% of Excess Cash Flow for such fiscal year. 

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

  
 17 

 “EEA Member Country” means any of the member states of the European Union,
Iceland, Liechtenstein, and Norway. 
 “EEA Resolution Authority” means any public administrative authority or any person
entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Date” means the date on which the conditions specified in Section 4.01 are satisfied (or waived in accordance
with Section 9.02). 
 “Effective Date Refinancing” means the (i) repayment, redemption, repurchase or other
discharge of and termination of the Loan Agreement (Term Loan) dated as of April 1, 2015 by and between the Borrower and First Republic Bank and/or release of any security interests in connection therewith and (ii) repayment, redemption,
repurchase or other discharge of and termination of the Loan Agreement dated as of January 31, 2006 by and between the Borrower and First Republic Bank. 

“Eligible Assignee” means (a) a Lender, (b) a commercial bank, insurance company, finance company, financial
institution, any fund that invests in loans or any other “accredited investor” (as defined in Regulation D of the Securities Act of 1933), (c) any Affiliate of a Lender and (d) an Approved Fund; provided that in any event
“Eligible Assignee” shall not include (i) any Disqualified Lender, (ii) natural person or (iii) the Borrower or any of its Affiliates. 

“Environmental Laws” means the applicable common law and treaties, rules, regulations, codes, ordinances, judgments, orders,
decrees and other applicable Requirements of Law, and all applicable injunctions or binding agreements issued, promulgated or entered into by or with any Governmental Authority, in each instance relating to the protection of the environment, to
preservation or reclamation of natural resources, to Release or threatened Release of any Hazardous Material or, to the extent relating to exposure to Hazardous Materials, to human health or safety matters. 

“Environmental Liability” means any liability, obligation, loss, claim, action, order or cost, contingent or otherwise
(including any liability for damages, costs of medical monitoring, costs of environmental remediation or restoration, administrative oversight costs, consultants’ fees, fines, penalties and indemnities), of the Borrower or any Subsidiary
resulting from or based upon (a) any actual or alleged violation of any Environmental Law or permit, license or approval issued thereunder, (b) the generation, use, handling, transportation or storage treatment of any Hazardous Materials,
(c) exposure to any Hazardous Materials, (d) the Release or threatened Release of any Hazardous Materials or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to
any of the foregoing. 
 “Equity Interests” means shares of capital stock, partnership interests, membership interests in a
limited liability company, beneficial interests in a trust or other equity ownership interests in a Person. 
 “Equity
Investment” has the meaning assigned to such term in Section 4.01(p). 
 “ERISA” means the Employee
Retirement Income Security Act of 1974, as amended from time to time. 

  
 18 

 “ERISA Affiliate” means any trade or business (whether or not incorporated)
that, together with the Borrower, is treated as a single employer under Section 414(b) or 414(c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under
Section 414 of the Code. 
 “ERISA Event” means (a) any “reportable event,” as defined in
Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which the 30 day notice period is waived pursuant to applicable regulations), (b) any failure by any Plan to satisfy the minimum funding
standard (within the meaning of Section 412 of the Code or Section 302 of ERISA) applicable to such Plan, in each case whether or not waived, (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA
of an application for a waiver of the minimum funding standard with respect to any Plan, (d) a determination that any Plan is, or is reasonably expected to be, in “at-risk” status (as defined in
Section 303(i)(4) of ERISA or Section 430(i)(4) of the Code), (e) the incurrence by the Borrower, and Restricted Subsidiary or any ERISA Affiliate of any liability under Title IV of ERISA with respect to the termination of any Plan,
(f) the receipt by the Borrower, any Restricted Subsidiary or any ERISA Affiliate from the PBGC of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan, (g) the cessation of
operations at a facility of the Borrower, any Restricted Subsidiary or any ERISA Affiliate in the circumstances described in Section 4062(e) of ERISA, (h) the incurrence by the Borrower, any Restricted Subsidiary or any ERISA Affiliate of
any liability with respect to its withdrawal or partial withdrawal from any Plan or Multiemployer Plan, (i) the receipt by the Borrower, any Restricted Subsidiary or any ERISA Affiliate of any notice concerning the imposition of Withdrawal
Liability on it or a determination that a Multiemployer Plan is, or is reasonably expected to be, insolvent, within the meaning of Title IV of ERISA or in “endangered” or “critical” status, within the meaning of Section 305
of ERISA or (j) any Foreign Benefit Event. 
 “EU Bail-In Legislation
Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

“Eurodollar” when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are bearing interest at a rate determined by reference to the Adjusted LIBO Rate. 
 “Event of Default” has the
meaning assigned to such term in Section 7.01. 
 “Evidence of Flood Insurance” has the meaning assigned to such term
in the definition of “Collateral and Guarantee Requirement.” 
 “Excess Cash Flow” means, for any period, an
amount equal to the excess of: 
 (a) the sum, without duplication, of: 

(i) Consolidated Net Income for such period, 

(ii) an amount equal to the amount of all Non-Cash Charges to the extent deducted in
arriving at such Consolidated Net Income, 
 (iii) decreases in Consolidated Working Capital and long-term account
receivables for such period, and 
 (iv) an amount equal to the aggregate net
non-cash loss on dispositions by the Borrower and the Restricted Subsidiaries during such period (other than dispositions in the ordinary course of business) to the extent deducted in arriving at such
Consolidated Net Income; less: 

  
 19 

 (b) the sum, without duplication, of: 

(i) an amount equal to the amount of all non-cash credits included in arriving at such
Consolidated Net Income (including any amounts included in Consolidated Net Income pursuant to the last sentence of the definition of Consolidated Net Income to the extent such amounts are due but not received during such period) and cash charges
included in clauses (a) through (i) of the definition of Consolidated Net Income, 
 (ii) without duplication of amounts
deducted pursuant to clause (xi) below in prior fiscal years, the amount of capital expenditures made in cash or accrued during such period, solely to the extent that such capital expenditures were made with the proceeds of Internally Generated
Cash of the Borrower or the Restricted Subsidiaries, 
 (iii) the aggregate amount of all principal payments of Indebtedness
(other than the payment prior to its stated maturity of any Subordinated Indebtedness of the Borrower and the Restricted Subsidiaries) of the Borrower and the Restricted Subsidiaries (including (A) the principal component of payments in respect
of Capitalized Leases and (B) the amount of any mandatory prepayment of Loans pursuant to Section 2.11(c) with the Net Proceeds from an event of the type specified in clause (a) of the definition of “Prepayment Event” to the
extent required due to a disposition that resulted in an increase to Consolidated Net Income and not in excess of the amount of such increase but excluding (X) all other prepayments of Term Loans and (Y) all prepayments of Revolving Loans)
made during such period (other than in respect of any revolving credit facility except to the extent there is an equivalent permanent reduction in commitments thereunder), solely to the extent made with the proceeds of Internally Generated Cash of
the Borrower or the Restricted Subsidiaries, 
 (iv) an amount equal to the aggregate net
non-cash gain on dispositions by the Borrower and the Restricted Subsidiaries during such period (other than dispositions in the ordinary course of business) to the extent included in arriving at such
Consolidated Net Income, 
 (v) increases in Consolidated Working Capital and long-term account receivables for such period,

 (vi) cash payments by the Borrower and the Restricted Subsidiaries during such period in respect of long-term liabilities
of the Borrower and the Restricted Subsidiaries other than Indebtedness, 
 (vii) without duplication of amounts deducted
pursuant to clause (xii) below in prior fiscal years, the amount of Investments and acquisitions made by the Borrower and the Restricted Subsidiaries during such period pursuant to Section 6.04 (other than (1) Section 6.04(a),
(2) clauses (B) and (C) of the first proviso to Section 6.04(m), (3) Section 6.04(c)(i), (4) Section 6.04(c)(ii), (5) Section 6.04(c)(iii)(A) and (6) Section 6.04(w), in the case of clause (5), to the extent made
with the Available Amount) to the extent that such Investments were made in cash (or committed to be made in cash), solely to the extent such Investments were made with the proceeds of Internally Generated Cash of the Borrower and the Restricted
Subsidiaries, 

  
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 (viii) the amount of dividends and other restricted payments paid during such
period pursuant to Section 6.07 (other than (1) Section 6.07(a)(i) (to the extent paid to the Borrower or any of the Restricted Subsidiaries), (2) Section 6.07(a)(iii), (3) clause (y) of Section 6.07(a)(vi), (4) clauses
(B) and (C) of Section 6.07(a)(vii), (5) Section 6.07(a)(ix), (6) Section 6.07(b)(iii), (7) clauses (B) and (C) of Section 6.07(b)(iv) and (8) Section 6.07(b)(v)) in cash (solely to the extent such dividends
and other restricted payments were made with the proceeds of Internally Generated Cash) of the Borrower and the Restricted Subsidiaries, 

(ix) the aggregate amount of expenditures actually made by the Borrower and the Restricted Subsidiaries in cash during such
period (including expenditures for the payment of financing fees) to the extent that such expenditures are not expensed during such period, 

(x) cash payments by the Borrower and the Restricted Subsidiaries during such period in respect of Non-Cash Charges included in the calculation of Consolidated Net Income in any prior period, 

(xi) the aggregate amount of any premium, make-whole or penalty payments actually paid in cash by the Borrower and the
Restricted Subsidiaries during such period that are required to be made in connection with any prepayment of Indebtedness, 

(xii) without duplication of amounts deducted from Excess Cash Flow in prior periods, the aggregate consideration required to
be paid in cash by the Borrower or any of the Restricted Subsidiaries pursuant to binding contracts (the “Contract Consideration”) entered into prior to or during such period relating to Permitted Acquisitions, other Investments,
capital expenditures (including Capitalized Software Expenditures or other purchases of intellectual property) to be consummated or made during the period of four consecutive fiscal quarters of the Borrower following the end of such period,
provided that solely to the extent the aggregate amount of Internally Generated Cash actually utilized to finance such Permitted Acquisitions, Investments or capital expenditures during such period of four consecutive fiscal quarters is less
than the Contract Consideration, the amount of such shortfall shall be added to the calculation of Excess Cash Flow at the earlier to occur of (A) end of such period of four consecutive fiscal quarters or (B) the date the Borrower or
applicable Restricted Subsidiary determines that such Permitted Acquisition, Investment, capital expenditure or Restricted Payment will not be made or consummated, 

(xiii) the amount of cash taxes paid in such period to the extent they exceed the amount of tax expense deducted in determining
Consolidated Net Income for such period, 
 (xiv) at the Borrower’s election, for the fiscal year ended
December 31, 2018, the amount of that the Borrower reasonably expects to pay in cash in connection with the Cogent Earnout Obligation (solely to the extent made with proceeds of Internally Generated Cash); provided that if the Borrower
elects to deduct such amount of the Cogent Earnout Obligation for the fiscal year ended December 31, 2018, the Borrower may not deduct such amounts from the calculation of Excess Cash Flow for any subsequent fiscal year ended December 31,
2019, 

  
 21 

 (xv) at the Borrower’s election, the amount of Restricted Payments made in
cash pursuant to Section 6.07(a)(vi) during the 75 day period following the end of such period, solely to the extent such Restricted Payments were made with the proceeds of Internally Generated Cash of the Borrower and the Restricted
Subsidiaries; provided that if the Borrower elects to deduct the amount of such Restricted Payments pursuant to this clause (xv), the Borrower may not deduct such amount from the calculation of Excess Cash Flow pursuant to clause
(viii) above (or otherwise) for the fiscal year in which the Restricted Payment is made, and 
 (xvi) to the extent not
otherwise covered above, (A) contributions to Regulated Subsidiaries required in order to meet Regulatory Capital requirements and (B) the aggregate amount of cash used by Regulated Subsidiaries to maintain Regulatory Capital requirements
(in each case, solely to the extent made with proceeds of Internally Generated Cash). 
 “Exchange Act” means the United
States Securities Exchange Act of 1934, as amended from time to time. 
 “Excluded Amount” has the meaning assigned to such
term in Section 2.11(g). 
 “Excluded Assets” means (a) any fee-owned
real property that is not Material Real Property and any leasehold interest (it being understood there shall be no requirement to obtain any landlord waivers, estoppels or collateral access letters), (b) motor vehicles and other assets subject to
certificates of title or ownership, (c) Equity Interests in (i) Unrestricted Subsidiaries, (ii) any Person (other than any Wholly Owned Restricted Subsidiaries) to the extent the pledge thereof to the Administrative Agent is not
permitted by statute, regulation or the terms of such Person’s organizational or joint venture documents, (iii) Immaterial Subsidiaries and
(iv) not-for-profit Subsidiaries, captive insurance companies and other special purpose subsidiaries, (d) voting Equity Interests constituting an amount
greater than 65% of the voting Equity Interests of any CFC or FSHCO (not including any Foreign Subsidiary that is a direct or indirect Subsidiary of a CFC), (e) any Equity Interests of a direct or indirect Subsidiary of a first-tier CFC or FSHCO,
(f) any letters of credit rights and commercial torts claims in an amount of $5,000,000 or less, (g) margin stock (as defined in Regulation U of the Board of Governors), (h) any asset with respect to which, based on the advice of outside
counsel or tax advisors of national recognition, the grant of a Lien thereon to secure the Secured Obligations would result in material adverse tax consequences to the Administrative Agent, the Borrower or any of the Restricted Subsidiaries (as
reasonably determined by the Borrower in consultation with the Administrative Agent) (other than on account of any Taxes payable in connection with filings, recordings, registrations, stampings and any similar acts in connection with the creation or
perfection of Liens), (i) pledges and security interests prohibited or restricted by applicable law, rule or regulation or agreements with any Governmental Authority (other than to the extent that any such prohibition would be rendered ineffective
pursuant to the Uniform Commercial Code or any other applicable Requirements of Law) or which would require governmental (including regulatory) or third party consent, approval license or authorization to provide such security interest unless such
consent, approval, license or authorization has been received, (j) any asset if, to the extent and for so long as the grant of a Lien thereon to secure the Secured Obligations is prohibited by any Requirements of Law (other than to the extent
that any such prohibition would be rendered ineffective pursuant to the Uniform Commercial Code or any other applicable Requirements of Law), (k) any assets of Regulated Subsidiaries that are not permitted to be pledged by law, statute or
regulation, (l) cash held by the Domestic Regulated Subsidiaries and any other Regulatory Capital maintained for Regulatory Capital purposes, (m) those assets to which the Administrative Agent and Borrower reasonably agree that the cost of
obtaining such a security interest or perfection thereof are excessive in relation to the benefit to the Lenders of the security to be 

  
 22 

 
afforded thereby and (n) any intent-to-use trademark applications filed in the United States Patent and
Trademark Office, pursuant to Section 1(b) of the Lanham Act, 15 U.S.C. Section 1051, prior to the accepted filing of a “Statement of Use” and issuance of a “Certificate of Registration” pursuant to Section 1(d) of
the Lanham Act or an accepted filing of an “Amendment to Allege Use” whereby such intent-to-use trademark application is converted to a “use in
commerce” application pursuant to Section 1(c) of the Lanham Act. For the avoidance of doubt, “Excluded Assets” shall include any and all assets of any Subsidiary that is a CFC, FSHCO, or a subsidiary thereof. 

“Excluded Subsidiary” means (a) any CFC, (b) any Domestic Subsidiary substantially all of the assets of which
consist of the equity and/or debt or receivables of one or more direct or indirect Foreign Subsidiaries that are CFCs, (c) any Unrestricted Subsidiary, (d) any Immaterial Subsidiary, (e) a Subsidiary that is not permitted by law,
regulation or contract (but in the case of any such contract, to the extent existing on the Effective Date or, if later, the date it becomes a Restricted Subsidiary and, in each case, not entered into in contemplation of the Transactions or of such
entity becoming a Restricted Subsidiary) to provide such guarantee, or would require third-party or governmental (including regulatory) consent, approval, license or authorization to provide such guarantee, (unless such consent, approval, license or
authorization has been received), or for which the provision of such guarantee would result in a material adverse tax consequence to the Borrower or one of its Subsidiaries (as reasonably determined by the Borrower in consultation with the
Administrative Agent), (f) a Subsidiary that is a special purpose entity (including not for profit entities and captive insurance companies), (g) any Subsidiary that is a registered broker-dealer (including each Domestic Regulated Subsidiary) or
(h) any Restricted Subsidiary acquired pursuant to a Permitted Acquisition financed with secured Indebtedness permitted to be incurred pursuant to any Loan Document as assumed Indebtedness (and not incurred in contemplation of such Permitted
Acquisition) and any Restricted Subsidiary thereof that guarantees such secured Indebtedness, in each case to the extent such secured indebtedness prohibits such subsidiary from becoming a guarantor). 

“Excluded Swap Obligation” means, with respect to any Loan Party, any Swap Obligation if, and to the extent that, all or a
portion of the Guarantee of such Loan Party, of, or the grant by such Loan Party of a security interest to secure, such Swap Obligation (or any Guarantee thereof) is or becomes unlawful or illegal under the Commodity Exchange Act or any rule,
regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Loan Party’s failure for any reason to constitute an “Eligible Contract Participant” as
defined in the Commodity Exchange Act and the regulations thereunder at the time the Guarantee of such Loan Party or the grant of such security interest becomes effective with respect to such Swap Obligation. 

“Excluded Taxes” means, with respect to any Recipient, (a) Taxes imposed on (or measured by) its net income (however
denominated) and franchise Taxes, and branch profits Taxes imposed on it, in each case, by (i) the jurisdiction (or any political subdivision thereof) under the laws of which such Recipient is organized or in which its principal office is
located or, in the case of any Lender, in which its applicable lending office is located, or (ii) any other jurisdiction as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than a
connection arising from such Recipient having executed, delivered, or become a party to, performed its obligations or received payments under, received or perfected a security interest under, sold or assigned an interest in, engaged in any other
transaction pursuant to, or enforced, any Loan or Loan Document), (b) ay U.S. federal withholding Tax pursuant to FATCA, (c) any Tax that is attributable to a Lender’s failure to comply with Section 2.17(f), and (d) except
in the case of an assignee pursuant to a request by the Borrower under Section 2.19 hereto, any U.S. federal withholding Taxes imposed due to a Requirement of Law in effect at the time a Lender becomes a party hereto (or designates a new
lending office), except to the extent that such Lender (or its assignor, if any) was entitled, at the time of designation of a new lending office (or assignment), to receive additional amounts with respect to such withholding Tax under
Section 2.17(a). 

  
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 “Extension Notice” has the meaning assigned to such term in
Section 2.21(b). 
 “FATCA” means Sections 1471 through 1474 of the Code as of the date of this Agreement (including
any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1)
of the Code, and any applicable intergovernmental agreement with respect thereto and applicable official implementing guidance thereunder. 

“FCPA” means the Foreign Corrupt Practices Act of 1977, as amended from time to time, and the rules and regulations
thereunder. 
 “Federal Funds Effective Rate” means, for any day, the weighted average of the rates on overnight Federal
funds transactions with members of the Federal Reserve System, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the
quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it. 

“Financial Officer” means the chief financial officer, principal accounting officer, treasurer or corporate controller of
Borrower. 
 “Financial Performance Covenant” means the covenant set forth in Section 6.11. 

“Financing Transactions” means the execution, delivery and performance by each Loan Party of the Loan Documents to which it
is to be a party, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder. 
 “Fixed
Amounts” has the meaning assigned to such term in Section 1.06(b). 
 “Flood Determination Form” has the
meaning assigned to such term in the definition of “Collateral and Guarantee Requirement.” 
 “Flood Laws” means
the National Flood Insurance Reform Act of 1994 and related legislation (including the regulations of the Board of Governors of the Federal Reserve System). 

“Foreign Benefit Event” means with respect to any Foreign Plan, (a) the existence of unfunded liabilities of the
Borrower in excess of the amount permitted under any applicable law, or in excess of the amount that would be permitted absent a waiver from a Governmental Authority, or (b) the failure of the Borrower to make its required contributions or
payments, under any applicable law, on or before the due date for such contributions or payments. 
 “Foreign Intellectual
Property” means any right, title, or interest in, to, or under any Intellectual Property governed by, arising from, or existing under the laws of any jurisdiction other than the United States of America or any state thereof. 

“Foreign Lender” means a Lender that is not a “United States person” as defined in Section 7701(a)(30) of the
Code. 
 “Foreign Plan” means any defined benefit plan (as defined in Section 3(35) of ERISA, but whether or not
subject to ERISA) maintained or contributed to by the Borrower or any Restricted Subsidiary with respect to its employees employed outside the United States, other than any such plan sponsored or to which contributions are mandated by any
Governmental Authority. “Foreign Regulated Subsidiary” means a Regulated Subsidiary that is a Foreign Subsidiary. 

  
 24 

 “Foreign Subsidiary” means any Subsidiary that is organized under the laws of a
jurisdiction other than the United States of America, any State thereof or the District of Columbia. 
 “FSHCO” means any
direct or indirect Domestic Subsidiary of the Borrower that has no material assets (either held directly or through one or more disregarded entities) other than Equity Interests in one or more direct or indirect Foreign Subsidiaries that are CFCs.

 “Funded Debt” means all Indebtedness of the Borrower and the Restricted Subsidiaries for borrowed money that matures
more than one year from the date of its creation or matures within one year from such date that is renewable or extendable, at the option of such Person, to a date more than one year from such date or arises under a revolving credit or similar
agreement that obligates the lender or lenders to extend credit during a period of more than one year from such date, including Indebtedness in respect of the Loans. 

“GAAP” means generally accepted accounting principles in the United States of America, as in effect from time to time but
subject to Section 1.04. 
 “Goldman Sachs” shall have the meaning given to such term in the introductory paragraph to
this Agreement. 
 “Governmental Authority” means the government of the United States of America, any other nation or any
political subdivision thereof, whether federal, state, provincial, territorial, local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory
or administrative powers or functions of or pertaining to government (including any supra national bodies such as the European Union or the European Central Bank). 

“Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the
guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct
or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (b) to purchase or
lease property, securities or services for the purpose of assuring the owner of such Indebtedness of the payment thereof, (c) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary
obligor so as to enable the primary obligor to pay such Indebtedness or (d) as an account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness; provided that the term Guarantee shall not
include endorsements for collection or deposit in the ordinary course of business or customary and reasonable indemnity obligations in effect on the Effective Date or entered into in connection with any acquisition or disposition of assets permitted
under this Agreement (other than such obligations with respect to Indebtedness). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect
of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined in good faith by a Financial Officer. The term “Guarantee” as a verb has a corresponding
meaning. 

  
 25 

 “Guarantee Agreement” means the Guarantee Agreement among the Loan Parties
(other than the Domestic Regulated Subsidiaries) and the Administrative Agent, substantially in the form of Exhibit B. 

“Hazardous Materials” means all pollutants or contaminants in any form regulated under any Environmental Law, including
petroleum or petroleum by-products or distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances, materials,
constituents, chemicals, compounds or wastes of any nature regulated as hazardous or toxic, or any other term of similar import, pursuant to any Environmental Law. 

“Immediate Family Member” means, with respect to any individual, such individual’s child, stepchild, grandchild or more
remote descendant, parent, stepparent, grandparent, spouse, former spouse, domestic partner, former domestic partner, sibling, mother-in-law, father-in-law, son-in-law and
daughter-in-law (including adoptive relationships), any trust, corporation, limited liability company, partnership or other bona fide estate-planning vehicle the only
stockholders, members, partners or beneficiaries of which are any of the foregoing individuals or a charity, such individual’s estate (or an executor or administrator acting on its behalf), heirs or legatees or any private foundation or fund
that is controlled by any of the foregoing individuals or any donor-advised fund of which any such individual is the donor. 

“Immaterial Subsidiary” means any Subsidiary other than a Material Subsidiary. 

“Incremental Cap” means, as of any date of determination, (a) $25,000,000 minus (b) the aggregate amount of all
Incremental Facilities and all Incremental Equivalent Debt outstanding at such time that was incurred in reliance on the foregoing clause (a) plus (c) an unlimited amount such that after giving effect to the incurrence of any such
Incremental Facility or Incremental Equivalent Debt, (1) if such Incremental Facility or Incremental Equivalent Debt is secured by a Lien on the Collateral that ranks pari passu with the Liens securing the Term Loans, the Total Net
Leverage Ratio shall not exceed 2.25:1.00 determined on a Pro Forma Basis and (2) if such Incremental Facility or Incremental Equivalent Debt is secured on a junior or unsecured basis, the Total Net Leverage Ratio shall not exceed 2.50:1.00
determined on a Pro Forma Basis (it being understood that (I) the Borrower shall be deemed to have used amounts under clause (c) (to the extent compliant therewith) prior to utilization of amounts under clause (a) and (II) Loans may be
incurred simultaneously under clauses (a) and (c), and proceeds from any such incurrence may be utilized in a single transaction by first calculating the incurrence under clause (c) above and then calculating the incurrence under clause
(a) above) specifying the amount so requested; provided that such calculations shall assume that, in each case, (i) the full amounts of any Incremental Revolving Commitment Increase established at such time is fully drawn, and
(ii) for the purposes of clause (c) above, the cash proceeds of the relevant Incremental Facility or Incremental Equivalent Debt shall be excluded in calculating the amount of “unrestricted cash” used in determining the Total Net
Leverage Ratio. 
 “Incremental Equivalent Debt” means Indebtedness incurred pursuant to Section 6.01(a)(xxiii). 

“Incremental Facility” has the meaning assigned to such term in Section 2.20(a). 

“Incremental Facility Amendment” has the meaning assigned to such term in Section 2.20(f). 

“Incremental Revolving Commitment Increase” has the meaning assigned to such term in Section 2.20(a). 

  
 26 

 “Incremental Revolving Loans” means Revolving Loans extended pursuant to an
Incremental Revolving Commitment Increase. 
 “Incremental Term Increase” has the meaning assigned to such term in
Section 2.20(a). 
 “Incremental Term Loans” has the meaning assigned to such term in Section 2.20(a). 

“Indebtedness” of any Person means, without duplication, (a) all obligations of such Person for borrowed money of any
kind, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such
Person, (d) all obligations of such Person in respect of the deferred purchase price of property or services (excluding trade accounts payable in the ordinary course of business and any earn-out
obligation until such obligation becomes a liability on the balance sheet of such Person in accordance with GAAP), (e) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or
otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed, (f) all Guarantees by such Person of Indebtedness of others, (g) all Capital Lease
Obligations of such Person, (h) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty, (i) all obligations, contingent or otherwise, of such Person in respect
of bankers’ acceptances and (j) all obligations of such Person in respect of Disqualified Equity Interests; provided that the term “Indebtedness” shall not include (v) trade payables, accrued expenses, accrued
compensation and intercompany liabilities (other than intercompany debt) arising in the ordinary course of business, (w) prepaid or deferred revenue arising in the ordinary course of business, (x) (A) the Cogent Earnout Obligations and
(B) other earnout obligations until such obligations become a liability on the balance sheet of such person in accordance with GAAP, (y) deferred compensation owed to employees of the Borrower and the Restricted Subsidiaries arising in the
ordinary course of business or (z) for the avoidance of doubt, any Qualified Equity Interests. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general
partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable
therefor. The amount of Indebtedness of any Person for purposes of clause (e) above shall (unless such Indebtedness has been assumed by such Person) be deemed to be equal to the lesser of (A) the aggregate unpaid amount of such
Indebtedness and (B) the fair market value of the property encumbered thereby as determined by such Person in good faith. 

“Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on
account of any obligation of any Loan Party under any Loan Document and (b) to the extent not otherwise described in (a), Other Taxes. 

“Indemnitee” has the meaning assigned to such term in Section 9.03(b). 

“Information” has the meaning assigned to such term in Section 9.12(a). 

“Information Memorandum” means the Confidential Information Memorandum dated September 27, 2017, relating to the Loan
Parties and the Transactions. 
 “Initial Restricted Payment Amount” means an amount equal to $5,000,000 (less the
aggregate amount of Investments and Restricted Payments made using such amount pursuant to Section 6.04(m), Section 6.07(a)(vii) and Section 6.07(b)(iv) prior to such time). 

“Intellectual Property” has the meaning assigned to such term in the Collateral Agreement. 

  
 27 

 “Interest Election Request” means a request by the Borrower to convert or
continue a Revolving Borrowing or Term Borrowing in accordance with Section 2.07. 
 “Interest Payment Date” means
(a) with respect to any ABR Loan, the last Business Day of each March, June, September and December and (b) with respect to any Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part
and, in the case of a Eurodollar Borrowing with an Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such
Interest Period. 
 “Interest Period” means, with respect to any Eurodollar Borrowing, the period commencing on the date
such Borrowing is disbursed or converted to or continued as a Eurodollar Borrowing and ending on the date that is one, two, three or six months thereafter (or if approved by the Administrative Agent and all the Lenders making such Eurodollar Loans,
a twelve month period or a shorter period) as selected by the Borrower in its Borrowing Request; provided that (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next
succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day, (b) any Interest Period that commences on the last Business
Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month at the end of such Interest Period and
(c) no Interest Period shall extend beyond (i) in the case of any Class of Term Loans, the Term Maturity Date applicable to such Class of Term Loans and (ii) in the case of any Class of Revolving Loans, the Revolving
Maturity Date applicable to such Class of Revolving Loans. Interest shall accrue from and including the first day of an Interest Period to but excluding the last day of such Interest Period. For purposes hereof, the date of a Borrowing
initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. 

“Internally Generated Cash” means, with respect to any period, any cash of the Borrower or any Restricted Subsidiary
generated during such period (including proceeds of Revolving Loans), excluding Net Proceeds and any cash that is generated from an incurrence of Indebtedness (other than Indebtedness constituting proceeds of Revolving Loans) or an issuance of (or
contributions in respect of) Equity Interests. 
 “Interpolated Rate” means in relation to the Screen Rate, the rate which
results from interpolating on a linear basis between: (a) the applicable Screen Rate for the longest period (for which that Screen Rate is available) which is less than the Interest Period of that Loan; and (b) the applicable Screen Rate
for the shortest period (for which that Screen Rate is available) which exceeds the Interest Period of that Loan, each as of approximately 11:00 a.m. (London, England time) two Business Days prior to the commencement of such Interest Period of that
Loan. 
 “Investment” means, as to any Person, (a) the purchase or other acquisition of Equity Interests or debt or
other securities of another Person, (b) a loan, advance or capital contribution to, Guarantee or assumption of Indebtedness of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including
any partnership or joint venture interest in such other Person or (c) the purchase or other acquisition (in one transaction or a series of transactions) of all or substantially all of the property and assets or business of another Person or
assets constituting a business unit, line of business or division of such Person. The amount, as of any date of determination, of (a) any Investment in the form of a loan or an advance shall be the principal amount thereof outstanding on such
date, minus any cash payments actually received by such investor representing interest in respect of such 

  
 28 

 
Investment (to the extent any such payment to be deducted does not exceed the remaining principal amount of such Investment), but without any adjustment for write-downs or write-offs (including
as a result of forgiveness of any portion thereof) with respect to such loan or advance after the date thereof, (b) any Investment in the form of a Guarantee shall be equal to the stated or determinable amount of the related primary obligation,
or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof, as determined in good faith by a Financial Officer, (c) any Investment in the
form of a transfer of Equity Interests or other non-cash property by the investor to the investee, including any such transfer in the form of a capital contribution, shall be the fair market value (as
determined in good faith by a Financial Officer) of such Equity Interests or other property as of the time of the transfer, minus any payments actually received by such investor representing a return of capital of, or dividends or other
distributions in respect of, such Investment (to the extent such payments do not exceed, in the aggregate, the original amount of such Investment), but without any other adjustment for increases or decreases in value of, or write-ups, write-downs or write-offs with respect to, such Investment after the date of such Investment, and (d) any Investment (other than any Investment referred to in clause (a), (b) or (c) above) by
the specified Person in the form of a purchase or other acquisition for value of any Equity Interests, evidences of Indebtedness or other securities of any other Person shall be the original cost of such Investment (including any Indebtedness
assumed in connection therewith), plus (i) the cost of all additions thereto and minus (ii) the amount of any portion of such Investment that has been repaid to the investor in cash as a repayment of principal or a return of
capital, and of any cash payments actually received by such investor representing interest, dividends or other distributions in respect of such Investment (to the extent the amounts referred to in clause (ii) do not, in the aggregate, exceed
the original cost of such Investment plus the costs of additions thereto), but without any other adjustment for increases or decreases in value of, or write-ups, write-downs or write-offs with respect to, such
Investment after the date of such Investment. For purposes of Section 6.04, if an Investment involves the acquisition of more than one Person, the amount of such Investment shall be allocated among the acquired Persons in accordance with GAAP;
provided that pending the final determination of the amounts to be so allocated in accordance with GAAP, such allocation shall be as reasonably determined by a Financial Officer. 

“ISP” means, with respect to any Letter of Credit, the “International Standby Practices 1998 (ISP98), International
Chamber of Commerce Publication No. 590” published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance). 

“Issuing Bank” means (a) Goldman Sachs (acting through such of its affiliates or branches as it deems appropriate) other
than with respect to commercial Letters of Credit and (b) each Revolving Lender that shall have become an Issuing Bank hereunder as provided in Section 2.05(k) (other than any Person that shall have ceased to be an Issuing Bank as provided
in Section 2.05(l)), each in its capacity as an issuer of Letters of Credit hereunder. Each Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term
“Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate. 
 “Joint
Venture” means any Person, the Equity Interests (except for any such Equity Interests in the nature of directors’ qualifying shares required pursuant to applicable law) of which is owned, in part, by a Loan Party and, in part, by one
or more other Persons which are not Loan Parties. 
 “Junior Financing” means (a) Funded Debt (other than any
permitted intercompany Indebtedness owing to the Borrower or any Restricted Subsidiary) that constitutes Subordinated Indebtedness, (b) any Funded Debt (other than permitted intercompany Indebtedness owing to the Borrower or any Restricted
Subsidiary) that is unsecured or (c) Funded Debt secured by a Lien on Collateral that is junior to the Lien on such Collateral that secures the Secured Obligations. 

  
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 “Latest Maturity Date” means, at any date of determination, the latest maturity
or expiration date applicable to any Loan or Commitment hereunder at such time, including the latest maturity or expiration date of any Other Term Loan, any Other Term Commitment, any Other Revolving Loan or any Other Revolving Commitment, in each
case as extended in accordance with this Agreement from time to time. 
 “LC Disbursement” means a payment made by an
Issuing Bank pursuant to a Letter of Credit. 
 “LC Exposure” means, at any time, the sum of (a) the aggregate amount
of all Letters of Credit that remains available for drawing at such time and (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Borrower at such time. The LC Exposure of any Revolving
Lender at any time shall be its Applicable Percentage of the total LC Exposure at such time. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder
by reason of the operation of Rule 3.13 or 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. Unless otherwise specified herein, the amount of a Letter of
Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided that with respect to any Letter of Credit that, by its terms or the terms of any document related thereto, provides for one
or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated
amount is in effect at such time. 
 “LCA Test Date” has the meaning specified in Section 1.06(a). 

“Lead Arranger” means Goldman Sachs in its capacity as lead arranger. 

“Lenders” means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant
to an Assignment and Assumption, an Incremental Facility Amendment or a Refinancing Amendment, in each case, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption. 

“Letter of Credit” means any letter of credit or bank guarantee issued pursuant to this Agreement other than any such letter
of credit or bank guarantee that shall have ceased to be a “Letter of Credit” outstanding hereunder pursuant to Section 9.05. 

“Letter of Credit Sublimit” means an amount equal to $20,000,000. The Letter of Credit Sublimit is part of and not in
addition to the aggregate Revolving Commitments. 
 “LIBO Rate” means, for any Interest Period as to any Loan, (i) the
rate per annum determined by the Administrative Agent to be the offered rate which appears on the page of the Reuters Screen which displays the London interbank offered rate administered by ICE Benchmark Administration Limited (such page currently
being the LIBOR01 page) (the “Screen Rate”) for deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period in dollars, determined as of approximately 11:00 a.m. (London, England
time), two Business Days prior to the commencement of such Interest Period, or (ii) in the event the rate referenced in the preceding clause (i) does not appear on such page or service or if such page or service shall cease to be
available, the rate determined by the Administrative Agent to be the offered rate on such other page or other service which displays the Screen 

  
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Rate for deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period in dollars, determined as of approximately 11:00 a.m. (London, England
time) two Business Days prior to the commencement of such Interest Period; provided that if Screen Rates are quoted under either of the preceding clause (i) or (ii), but there is no such quotation for the Interest Period elected, the
Screen Rate shall be equal to the Interpolated Rate. 
 Notwithstanding the foregoing, (i) with respect to the Term Loans, the LIBO
Rate with respect to any applicable Interest Period will be deemed to be 1.00% per annum if the LIBO Rate for such Interest Period determined pursuant to this definition would otherwise be less than 1.00% per annum and (ii) with respect to the
Revolving Loans, the LIBO Rate with respect to any applicable Interest Period will be deemed to be 0.00% per annum if the LIBO Rate for such Interest Period determined pursuant to this definition would otherwise be less than 0.00% per annum. 

“Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance,
charge or security interest in, on or of such asset and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic
effect as any of the foregoing) relating to such asset. 
 “Limited Condition Acquisition” means any acquisition by the
Borrower or one or more of its Restricted Subsidiaries permitted pursuant to this Agreement whose consummation is not conditioned on the availability of, or on obtaining, third party financing and for which definitive documentation for such
acquisition was entered into no more than one hundred twenty (120) days in advance of the consummation thereof. 
 “Loan
Document Obligations” means (a) the due and punctual payment by the Borrower of (i) the principal of and interest at the applicable rate or rates provided herein (including interest accruing during the pendency of any bankruptcy,
insolvency, receivership or other similar proceeding (or that would accrue but for the existence of such proceeding), regardless of whether allowed or allowable in such proceeding) on the Loans, when and as due, whether at maturity, by acceleration,
upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower hereunder in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements,
interest thereon and obligations to provide cash collateral, and (iii) all other monetary obligations of the Borrower under or pursuant hereto and each of the other Loan Documents, including obligations to pay fees, closing payments, expense
reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar
proceeding, regardless of whether allowed or allowable in such proceeding), (b) the due and punctual payment and performance of all other obligations of the Borrower under or pursuant to this Agreement and each of the other Loan Documents and
(c) the due and punctual payment and performance of all the obligations of each other Loan Party under or pursuant to this Agreement and each of the other Loan Documents (including monetary obligations accruing during the pendency of any
bankruptcy, insolvency, receivership or other similar proceeding (or that would accrue but for the existence of such proceeding), regardless of whether allowed or allowable in such proceeding). 

“Loan Documents” means this Agreement, any Incremental Facility Amendment, any Refinancing Amendment, the Guarantee
Agreement, the Collateral Agreement, the other Security Documents and, except for purposes of Section 9.02, any promissory notes delivered pursuant to Section 2.09(e). 

  
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 “Loan Parties” means the Borrower, the Subsidiary Loan Parties and the Domestic
Regulated Subsidiaries. 
 “Loans” means the loans made by the Lenders to the Borrower pursuant to this Agreement. 

“Majority in Interest,” when used in reference to Lenders of any Class, means, at any time, (a) in the case of the
Revolving Lenders, Lenders having Revolving Exposures and unused Revolving Commitments representing more than 50% of the sum of the aggregate Revolving Exposures and the unused aggregate Revolving Commitments at such time and (b) in the case of
the Term Lenders of any Class, Lenders holding outstanding Term Loans of such Class representing more than 50% of all Term Loans of such Class outstanding at such time, provided that (a) the Revolving Exposures, Term Loans and
unused Commitments of the Borrower or any Affiliate thereof and (b) whenever there are one or more Defaulting Lenders, the total outstanding Term Loans and Revolving Exposures of, and the unused Revolving Commitments of, each Defaulting Lender,
shall in each case be excluded for purposes of making a determination of the Majority in Interest. 
 “Material Adverse
Effect” means any event, circumstance or condition that has had, or would reasonably be expected to have, a materially adverse effect on (a) the business, financial condition, or results of operations of the Borrower and the Restricted
Subsidiaries, taken as a whole, (b) the ability of the Borrower and the other Loan Parties, taken as a whole, to perform their payment obligations under the Loan Documents or (c) the rights and remedies of the Administrative Agent and the
Lenders (taken as a whole) under the Loan Documents. 
 “Material Indebtedness” means Indebtedness (other than the Loan
Document Obligations), or obligations in respect of one or more Swap Agreements, of any one or more of the Borrower and the Restricted Subsidiaries in an aggregate principal amount exceeding $20,000,000. For purposes of determining Material
Indebtedness, the “principal amount” of the obligations in respect of any Swap Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Borrower or such Restricted Subsidiary would be
required to pay if such Swap Agreement were terminated at such time. 
 “Material Real Property” means real property
(including fixtures) with a fair market value greater than or equal to $5,000,000, as determined by the Borrower in good faith. 

“Material Subsidiary” means each Wholly Owned Restricted Subsidiary that, as of the last day of the fiscal year of the
Borrower most recently ended, had revenues or Consolidated Total Assets for such year in excess of 2.5% of the consolidated revenues or Consolidated Total Assets, as applicable, of the Borrower for such year; provided that in the event that
the Immaterial Subsidiaries, taken together, had as of the last day of the fiscal year of the Borrower most recently ended revenues or Consolidated Total Assets in excess of 10% of the consolidated revenues or Consolidated Total Assets, as
applicable, of the Borrower and the Restricted Subsidiaries for such year, the Borrower shall designate one or more Immaterial Subsidiaries to be a Material Subsidiary as may be necessary such that the foregoing 10% limit shall not be exceeded, and
any such Subsidiary shall thereafter be deemed to be a Material Subsidiary hereunder; provided, further, that the Borrower may redesignate Material Subsidiaries as Immaterial Subsidiaries so long as the Borrower is in compliance with
the foregoing. 
 “Maximum Rate” has the meaning assigned to such term in Section 9.16. 

“MFN Adjustment” has the meaning assigned to such term in Section 2.20(b). 

  
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 “Moody’s” means Moody’s Investors Service, Inc. and any successor to
its rating agency business. 
 “Mortgage” means a mortgage, deed of trust, assignment of leases and rents, leasehold
mortgage or other security document granting a Lien on any Mortgaged Property to secure the Secured Obligations. Each Mortgage shall be in form and substance reasonably satisfactory to the Administrative Agent and the Borrower. 

“Mortgaged Property” means each parcel of real property owned in fee by a Loan Party with respect to which a Mortgage is
granted pursuant to the Collateral and Guarantee Requirement, Section 5.11, Section 5.12 or Section 5.14. 

“Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA. 

“Net Proceeds” means, with respect to any event, (a) the proceeds received in respect of such event in cash or Permitted
Investments, including (i) any cash or Permitted Investments received in respect of any non-cash proceeds (including any cash payments received by way of deferred payment of principal pursuant to a note
or installment receivable or purchase price adjustment or earn-out, but excluding any interest payments), but only as and when received, (ii) in the case of a casualty, insurance proceeds that are
actually received, and (iii) in the case of a condemnation or similar event, condemnation awards and similar payments that are actually received, minus (b) the sum of (i) all fees and out-of-pocket expenses paid by the Borrower and the Restricted Subsidiaries in connection with such event (including attorneys’ fees, investment banking fees, survey costs, title insurance premiums, and
related search and recording charges, transfer taxes, deed or mortgage recording taxes, underwriting discounts and commissions, other customary expenses and brokerage, consultant, accountant and other customary fees), (ii) in the case of a
sale, transfer or other disposition of an asset (including pursuant to a sale and leaseback transaction or a casualty or a condemnation or similar proceeding), (x) the amount of all payments that are permitted hereunder and are made by the Borrower
and the Restricted Subsidiaries as a result of such event to repay Indebtedness secured on a pari passu or senior basis with the Loans (other than the Loans) secured by such asset or otherwise subject to mandatory prepayment as a result of such
event, (y) the pro rata portion of net cash proceeds thereof (calculated without regard to this clause (y)) attributable to minority interests and not available for distribution to or for the account of the Borrower or the Restricted
Subsidiaries as a result thereof and (z) the amount of any liabilities directly associated with such asset and retained by the Borrower or any Restricted Subsidiary and (iii) the amount of all taxes paid (or reasonably estimated to be
payable), and the amount of any reserves established by the Borrower and the Restricted Subsidiaries to fund contingent liabilities reasonably estimated to be payable, that are directly attributable to such event, provided that any reduction
at any time in the amount of any such reserves (other than as a result of payments made in respect thereof) shall be deemed to constitute the receipt by the Borrower at such time of Net Proceeds in the amount of such reduction. 

“NFIP” has the meaning assigned to such term in the definition of “Collateral and Guarantee Requirement.” 

“Non-Cash Charges” means (a) any
non-cash impairment charge or asset write-off or write-down related to intangible assets (including goodwill), long-lived assets, and Investments in debt and equity
securities pursuant to GAAP or as a result of change in law or regulation, (b) all non-cash losses from Investments recorded using the equity method, (c) all
Non-Cash Compensation Expenses, (d) charges relating to the remeasurement of the Cogent Earnout Obligation, (e) the non-cash impact of acquisition method
accounting, (f) depreciation and amortization (including amortization of Capitalized Software 

  
 33 

 
Expenditures and amortization of deferred financing fees or costs), and (g) other non-cash charges (provided, in each case, that if any non-cash charges represent an accrual or reserve for potential cash items in any future period, the cash payment in respect thereof in such future period shall be subtracted from Consolidated EBITDA to such extent,
and excluding amortization of a prepaid cash item that was paid in a prior period). 

“Non-Cash Compensation Expense” means any
non-cash expenses and costs that result from the issuance of stock-based awards, partnership interest-based awards and similar incentive based compensation awards or arrangements. 

“Non-Consenting Lender” has the meaning assigned to such term in
Section 9.02(c). 
 “Non-Recourse Debt” means Indebtedness as to which:
(a) neither Borrower nor any of its Restricted Subsidiaries (i) provides credit support in the form of any undertaking, agreement or instrument that would constitute Indebtedness, (ii) is directly or indirectly liable as a guarantor,
surety, debtor, obligor or otherwise (other than where recourse is limited to the pledge of Equity Interests of an Unrestricted Subsidiary), or (iii) constitutes the lender; and (b) no default or event of default with respect to which
would permit (whether upon notice, lapse of time, satisfaction of any other condition or otherwise), any holder of any other Indebtedness of Borrower or any of its Restricted Subsidiaries to declare a default or event of default on such other
Indebtedness or cause the payment of any such Indebtedness to be accelerated or payable prior to its stated final maturity. 
 “Non-Wholly Owned Subsidiary” of any Person means any Subsidiary of such Person other than a Wholly Owned Subsidiary. 

“Not Otherwise Applied” means, Net Proceeds of any transaction or event or of Excess Cash Flow, (a) that was not
required to be applied to prepay the Loans pursuant to Section 2.11(c) or (d), and (b) with reference to the Available Amount or the Available Equity Amount, as applicable, that was not previously applied pursuant to Section 6.04(m),
Section 6.07(a)(vii), or Section 6.07(b)(iv). 
 “OFAC” means the U.S. Department of the Treasury’s Office
of Foreign Assets Control. 
 “Organizational Documents” means, with respect to any Person, the charter, articles or
certificate of organization or incorporation (or equivalent thereof) and bylaws or other organizational or governing documents of such Person. 

“Other Revolving Commitments” means one or more Classes of Revolving Commitments hereunder or extended Revolving Commitments
that result from a Refinancing Amendment. 
 “Other Revolving Loans” means the Revolving Loans made pursuant to any Other
Revolving Commitment. 
 “Other Taxes” means any and all present or future recording, filing, stamp, court, documentary,
intangible, transfer, sales, property or similar Taxes arising from any payment made under any Loan Document or from the execution, delivery, performance, registration or enforcement of, from the receipt or perfection of a security interest under,
or otherwise with respect to, any Loan Document, except any such Taxes that are imposed with respect to an assignment as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than a
connection arising from such Recipient having executed, delivered or become a party to, performed its obligations or received payments under, received or perfected a security interest under, sold or assigned an interest in, engaged in any other
transaction pursuant to, or enforced any Loan or Loan Document) (other than an assignment made pursuant to Section 2.09). 

  
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 “Other Term Commitments” means one or more Classes of term loan commitments
hereunder that result from a Refinancing Amendment. 
 “Other Term Loans” means one or more Classes of Term Loans that
result from a Refinancing Amendment. 
 “Participant” has the meaning assigned to such term in Section 9.04(c)(i).

 “Participant Register” has the meaning assigned to such term in Section 9.04(c)(ii). 

“PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing
similar functions. 
 “Perfection Certificate” means a certificate substantially in the form of Exhibit C. 

“Permitted Acquisition” means the purchase or other acquisition, by merger or otherwise, by the Borrower or any Restricted
Subsidiary of all or substantially all of the Equity Interests in, or all or substantially all the assets of (or all or substantially all the assets constituting a business unit, division, product line or line of business of), any Person;
provided that (a) in the case of any purchase or other acquisition of Equity Interests in a Person, such Person, upon the consummation of such acquisition, will be a Restricted Subsidiary (including as a result of a merger or
consolidation between any Restricted Subsidiary and such Person), (b) the business of such Person, or such assets, as the case may be, constitute a business permitted by Section 6.03(b), and (c) the Borrower shall comply with
Section 5.11 with respect to each such Person. 
 “Permitted Encumbrances” means: 

(a) Liens for Taxes that are not overdue for a period of more than sixty (60) days or that are being contested in good
faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP; 

(b) Liens imposed by law, such as carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or
construction contractors’ Liens and other similar Liens arising in the ordinary course of business that secure amounts not overdue for a period of more than sixty (60) days or, if more than sixty (60) days overdue, are unfiled and no
other action has been taken to enforce such Lien or that are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person in
accordance with GAAP, in each case so long as such Liens do not individually or in the aggregate have a Material Adverse Effect; 

(c) Liens incurred or deposits made in the ordinary course of business (i) in connection with workers’ compensation,
unemployment insurance and other social security legislation and (ii) securing liability for reimbursement or indemnification obligations of (including obligations in respect of letters of credit or bank guarantees for the benefit of) insurance
carriers providing property, casualty or liability insurance to the Borrower or any Restricted Subsidiary; 

  
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 (d) Liens incurred or deposits made to secure the performance of bids, trade
contracts, governmental contracts and leases, statutory obligations, surety, stay, customs and appeal bonds, performance bonds and other obligations of a like nature (including those to secure health, safety and environmental obligations) incurred
in the ordinary course of business; 
 (e) easements,
rights-of-way, restrictions, encroachments, protrusions, zoning restrictions and other similar non-monetary encumbrances and
minor title defects affecting real property that, in each case, in the aggregate, do not materially detract from the value of the affected property or interfere with the ordinary conduct of the business of the Borrower and the Restricted
Subsidiaries, taken as a whole; 
 (f) Liens securing, or otherwise arising from, judgments not constituting an Event of
Default under Section 7.01(j); 
 (g) Liens on goods the purchase prices of which are financed by documentary letters of
credit issued for the account of the Borrower or any of the Subsidiaries; provided that such Lien secures only the obligations of the Borrower or such Subsidiaries in respect of such letter of credit to the extent such obligations are
permitted by Section 6.01; and 
 (h) Liens arising from precautionary Uniform Commercial Code financing statements or
similar filings made in respect of operating leases entered into by the Borrower or any of the Subsidiaries; 
 provided that the term
“Permitted Encumbrances” shall not include any Lien securing Indebtedness for borrowed money. 
 “Permitted
Holders” means Robert F. Greenhill and Scott L. Bok (or any Immediate Family Member who is a successor-in-interest to such Permitted Holder). 

“Permitted Investments” means any of the following, to the extent owned by the Borrower or any Restricted Subsidiary: 

(a) dollars, euro or such other currencies held by it from time to time in the ordinary course of business; 

(b) readily marketable obligations issued or directly and fully guaranteed or insured by the government or any agency or
instrumentality of the United States having average maturities of not more than twelve (12) months from the date of acquisition thereof; provided that the full faith and credit of the United States is pledged in support thereof; 

(c) time deposits with, or insured certificates of deposit or bankers’ acceptances of, any commercial bank that
(i) is a Lender or (ii) has combined capital and surplus of at least $250,000,000 (any such bank in the foregoing clause (i) or (ii) being an “Approved Bank”), in each case with average maturities of not more
than twelve (12) months from the date of acquisition thereof; 
 (d) commercial paper and variable or fixed rate notes
issued by an Approved Bank (or by the parent company thereof) or any variable or fixed rate note issued by, or guaranteed by, a corporation rated A-2 (or the equivalent thereof) or better by S&P or P-2 (or the equivalent thereof) or better by Moody’s, in each case with average maturities of not more than twelve (12) months from the date of acquisition thereof; 

  
 36 

 (e) repurchase agreements entered into by any Person with an Approved Bank, a
bank or trust company (including any of the Lenders) or recognized securities dealer, in each case, having capital and surplus in excess of $250,000,000 for direct obligations issued by or fully guaranteed or insured by the government or any agency
or instrumentality of the United States in which such Person shall have a perfected first priority security interest (subject to no other Liens) or title to which shall have been transferred to such Person and having, on the date of purchase
thereof, a fair market value of at least 100% of the amount of the repurchase obligations; 
 (f) marketable short-term money
market and similar highly liquid funds either (i) having assets in excess of $250,000,000 or (ii) having a rating of at least A-2 or P-2 from either S&P or
Moody’s (or, if at any time neither S&P nor Moody’s shall be rating such obligations, an equivalent rating from another nationally recognized rating service); 

(g) securities with average maturities of twelve (12) months or less from the date of acquisition issued or fully
guaranteed by any state, commonwealth or territory of the United States, by any political subdivision or taxing authority of any such state, commonwealth or territory having an investment grade rating from either S&P or Moody’s (or the
equivalent thereof); 
 (h) investments with average maturities of twelve (12) months or less from the date of
acquisition in mutual funds rated AAA- (or the equivalent thereof) or better by S&P or Aaa3 (or the equivalent thereof) or better by Moody’s; 

(i) instruments equivalent to those referred to in clauses (a) through (h) above denominated in euros or any other
foreign currency comparable in credit quality and tenor to those referred to above and customarily used by corporations for cash management purposes in any jurisdiction outside the United States to the extent reasonably required in connection with
any business conducted by any Subsidiary organized in such jurisdiction; and 
 (j) investments, classified in accordance
with GAAP as current assets of the Borrower or any Subsidiary, in money market investment programs that are registered under the Investment Company Act of 1940 or that are administered by financial institutions having capital of at least
$250,000,000, and, in either case, the portfolios of which are limited such that substantially all of such investments are of the character, quality and maturity described in clauses (a) through (i) of this definition. 

“Permitted Refinancing” means, with respect to any Person, any modification, refinancing, refunding, renewal or extension of
any Indebtedness of such Person; provided that (a) the principal amount (or accreted value, if applicable) thereof does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so modified, refinanced, refunded,
renewed or extended except by an amount equal to unpaid accrued interest and premium thereon plus other amounts paid, and fees and expenses incurred, in connection with such modification, refinancing, refunding, renewal or extension and by an amount
equal to any existing commitments unutilized thereunder, (b) other than with respect to a Permitted Refinancing in respect of Indebtedness permitted pursuant to Section 6.01(a)(v), Indebtedness resulting from such modification,
refinancing, refunding, renewal or extension has a final maturity date equal to or later than the final maturity date of, and has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness
being modified, refinanced, refunded, renewed or extended, (c) immediately after giving effect thereto, no Event of Default shall have occurred and be continuing, (d) if the Indebtedness being modified, refinanced, refunded, renewed or
extended is subordinated in right of payment to the Loan Document Obligations, the Indebtedness resulting from such modification, refinancing, refunding, renewal or extension is subordinated in right of payment to

  
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the Loan Document Obligations on terms at least as favorable to the Lenders as those contained in the documentation governing the Indebtedness being modified, refinanced, refunded, renewed or
extended, and (e) if the Indebtedness being modified, refinanced, refunded, renewed or extended is permitted pursuant to Section 6.01(a)(i), Section 6.01(a)(vii), Section 6.01(a)(xviii), or Section 6.01(a)(xxiii), (i) the
terms and conditions (including, if applicable, as to collateral but excluding (except as provided in the preceding clauses (d) and (e)) as to subordination, interest rate (including whether such interest is payable in cash or in kind) and
redemption premium) of the Indebtedness resulting from such modification, refinancing, refunding, renewal or extension are not, taken as a whole, materially less favorable to the Loan Parties or the Lenders than the terms and conditions of the
Indebtedness being modified, refinanced, refunded, renewed or extended (except for covenants or other provisions applicable exclusively to periods commencing after the Latest Maturity Date at the time such Indebtedness is incurred); provided that
(i) a certificate of a Responsible Officer delivered to the Administrative Agent (for distribution to the Lenders) at least five Business Days prior to such modification, refinancing, refunding, renewal or extension (or such shorter period
agreed to by the Administrative Agent), together with a reasonably detailed description of the material terms and conditions of such resulting Indebtedness or drafts of the documentation relating thereto, stating that the Borrower has determined in
good faith that such terms and conditions are not, taken as a whole, materially less favorable shall satisfy the requirements in this clause (i), and (ii) the primary obligor in respect of, and the Persons (if any) that Guarantee, Indebtedness
resulting from such modification, refinancing, refunding, renewal or extension are the primary obligor in respect of, and Persons (if any) that Guaranteed, respectively, the Indebtedness being modified, refinanced, refunded, renewed or extended. For
the avoidance of doubt, it is understood that a Permitted Refinancing may constitute a portion of an issuance of Indebtedness in excess of the amount of such Permitted Refinancing; provided that such excess amount is otherwise permitted to be
incurred under Section 6.01. 
 “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 (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower, any Restricted Subsidiary or any ERISA
Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 

“Platform” has the meaning assigned to such term in Section 5.01. 

“Post-Transaction Period” means, with respect to any Specified Transaction, the period beginning on the date such Specified
Transaction is consummated and ending on the last day of the fourth full consecutive fiscal quarter immediately following the date on which such Specified Transaction is consummated. 

“Prepayment Event” means: 

(a) any non-ordinary course sale, transfer or other disposition (including
(x) pursuant to a sale and leaseback transaction, (y) by way of merger or consolidation and (z) any insurance settlement of, or payment in respect of, any loss of property or assets of the Borrower or its Restricted Subsidiaries or
any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar proceeding of any property or asset of the Borrower or any of the Restricted Subsidiaries permitted by Section 6.05(a) or
Section 6.05(k) other than dispositions or event resulting in aggregate Net Proceeds not exceeding (A) $500,000 in the case of any single transaction or series of related transactions and (B) $1,500,000 for all such transactions
during any fiscal year of the Borrower; or 

  
 38 

 (b) the incurrence by the Borrower or any of the Restricted Subsidiaries of any
Indebtedness, other than Indebtedness permitted under Section 6.01 or permitted by the Required Lenders pursuant to Section 9.02. 

“Prime Rate” means, for any day, a rate per annum equal to the rate last quoted by The Wall Street Journal as the
“Prime Rate” in the United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected
Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the Federal Reserve Board (as determined by
the Administrative Agent). 
 “Pro Forma Basis,” “Pro Forma Compliance” and “Pro Forma
Effect” mean, with respect to compliance with any test, financial ratio or covenant hereunder required by the terms of this Agreement to be made on a Pro Forma Basis, showing Pro Forma Compliance or giving Pro Forma Effect thereto, that all
Specified Transactions and the following transactions in connection therewith shall be deemed to have occurred as of the first day of the applicable period of measurement in such test, financial ratio or covenant: (i) income statement items
(whether positive or negative) attributable to the property or Person subject to such Specified Transaction, (A) in the case of a Disposition of all or substantially all Equity Interests in any subsidiary of the Borrower or any division or
business unit of the Borrower, shall be excluded and (B) in the case of a Permitted Acquisition or Investment described in the definition of “Specified Transaction,” shall be included, (ii) any retirement of Indebtedness, and
(iii) any Indebtedness incurred or assumed by the Borrower or any of the Subsidiaries and if such Indebtedness has a floating or formula rate, shall have an implied rate of interest for the applicable period for purposes of this definition
determined by utilizing the rate that is or would be in effect with respect to such Indebtedness as at the relevant date of determination. 

“Pro Forma Disposal Adjustment” means, for any Test Period that includes all or a portion of a fiscal quarter included in any
Post-Transaction Period with respect to any Sold Entity or Business, the pro forma increase or decrease in Consolidated EBITDA projected by the Borrower in good faith as a result of contractual arrangements between the Borrower or any Restricted
Subsidiary entered into with such Sold Entity or Business at the time of its disposal or within the Post-Transaction Period and which represent an increase or decrease in Consolidated EBITDA which is incremental to the Disposed EBITDA of such Sold
Entity or Business for the most recent four-quarter period prior to its disposal. 
 “Pro Forma Entity” has the meaning
given to such term in the definition of “Acquired EBITDA.” 
 “Pro Forma Financial Statements” has the meaning
assigned to such term in Section 3.04(c). 
 “Proposed Change” has the meaning assigned to such term in
Section 9.02(c). 
 “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as
any such exemption may be amended from time to time. 
 “Public Lender” has the meaning assigned to such term in
Section 5.01. 

  
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 “Qualified Equity Interests” means Equity Interests of the Borrower other than
Disqualified Equity Interests. 
 “Recipient” means (a) the Administrative Agent, (b) any Lender and (c) any
Issuing Bank, as applicable. 
 “Refinanced Debt” has the meaning assigned to such term in the definition of “Credit
Agreement Refinancing Indebtedness.” 
 “Refinancing Amendment” means an amendment to this Agreement in form and
substance reasonably satisfactory to the Administrative Agent and the Borrower executed by each of (a) the Borrower, (b) the Administrative Agent and (c) each Additional Lender and Lender that agrees to provide any portion of the
Credit Agreement Refinancing Indebtedness being incurred pursuant thereto, in accordance with Section 2.21. 
 “Refunded Swing
Line Loans” has the meaning assigned to such term in Section 2.24(b)(iv). 
 “Register” has the meaning
assigned to such term in Section 9.04(b)(iv). 
 “Regulated Subsidiary” means the Subsidiaries of Borrower listed on
Schedule 1.01 and any other Subsidiary of Borrower that becomes a registered broker-dealer under the Exchange Act (or any comparable foreign equivalent thereof) after the Effective Date 

“Regulatory Capital” means the minimum net capital requirements to which a Regulated Subsidiary is subject as defined in Rule
15c3-1 of the Exchange Act with respect to any Regulated Subsidiary or any similar or comparable capital requirement the minimum amount(s) of which is subject to foreign regulation with respect to any
Regulated Subsidiary that is a Foreign Subsidiary. 
 “Related Parties” means, with respect to any specified Person, such
Person’s Affiliates and the partners, members, directors, officers, employees, trustees, agents, controlling persons, advisors and other representatives of such Person and of each of such Person’s Affiliates and permitted successors and
assigns. 
 “Release” means any release, spill, emission, leaking, dumping, injection, emptying, pumping, escaping,
pouring, deposit, disposal, discharge, dispersal, leaching or migration into or through the environment (including ambient air, indoor air, surface water, groundwater, land surface or subsurface strata) and including the environment within any
building, or any occupied structure, facility or fixture. “Removal Effective Date” has the meaning assigned to such term in Section 8.06. 

“Repayment” has the meaning assigned to such term in Section 6.07(b). 

“Repricing Premium” means, in connection with a Repricing Transaction, a premium (expressed as a percentage of the principal
amount of such Loans to be prepaid) equal to the amount set forth below: 
 (a) on or prior to the eighteen-month anniversary
of the Effective Date, 1.0% and 
 (b) thereafter, 0%. 

  
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 “Repricing Transaction” means the prepayment or refinancing of all or a portion
of the Term Loans with the incurrence by any Loan Party of any Indebtedness (including, without limitation, any new or additional term loans under this Agreement, whether incurred directly or by way of the conversion of Term Loans into a new
Class of replacement term loans under this Agreement) having an effective interest cost or weighted average yield (as reasonably determined by the Administrative Agent consistent with generally accepted financial practice and, in any event
excluding any arrangement or commitment fees in connection therewith) that is less than the interest rate for, or weighted average yield (as determined by the Administrative Agent on the same basis) of the Term Loans including, without limitation,
as may be effected through any amendment to this Agreement (and including any mandatory assignment in connection therewith) relating to the interest rate for, or weighted average yield of, the Term Loans, provided, that it shall not
constitute a Repricing Transaction if the applicable replacement Indebtedness or amendment is incurred or effected in connection with (A) a Change in Control, or (B) a Transformative Acquisition. 

“Required Additional Debt Terms” means with respect to any Indebtedness, (a) such Indebtedness does not mature earlier
than the Latest Maturity Date (except in the case of customary bridge loans which subject to customary conditions (including no payment or bankruptcy event of default), would either automatically be converted into or required to be exchanged for
permanent refinancing which does not mature earlier than the Latest Maturity Date or, in the case of any such Indebtedness that is unsecured or is secured on a junior lien basis to the Term Facility, at least 91 days following the Latest Maturity
Date), (b) such Indebtedness does not have mandatory redemption features (other than customary asset sale, insurance and condemnation proceeds events, change of control offers or events of default or, if term loans, excess cash flow prepayments
applicable to periods before the Latest Maturity Date) that could result in redemptions of such Indebtedness prior to the Latest Maturity Date (it being understood that the Borrower and Loan Parties shall be permitted to make any AHYDO “catch
up” payments, if applicable), (c) such Indebtedness is not guaranteed by any entity that is not a Loan Party (unless such Person shall substantially concurrently becomes a Loan Party hereunder pursuant to Section 5.11), (d) such
Indebtedness that is secured (i) is not secured by any assets not securing the Secured Obligations (unless such assets shall substantially concurrently become a part of the Collateral), (ii) is subject to an intercreditor agreement or
subordination agreement reasonably satisfactory to the Lead Arranger and the Administrative Agent, and (iii) is subject to security agreements relating to such Indebtedness that are substantially the same as the Security Documents (with such
differences as are reasonably satisfactory to the Administrative Agent and the Borrower), (e) the covenants, events of default and guarantees of such Indebtedness (excluding pricing, interest rate margins, rate floors, discounts, fees, premiums and
prepayment or redemption provisions) are not more restrictive to the Borrower and its Restricted Subsidiaries than the terms and conditions of this Agreement (when taken as a whole) are to the Lenders (except for covenants or other provisions
applicable only to periods after the Latest Maturity Date at such time) (it being understood that, to the extent that any financial maintenance covenant and any related equity cure are added for the benefit of any Indebtedness, no consent shall be
required by the Administrative Agent or any of the Lenders if such financial maintenance covenant and related equity cure are either (i) also added for the benefit of any corresponding Loans remaining outstanding after the issuance or
incurrence of any such Indebtedness in connection therewith or (ii) only applicable after the Latest Maturity Date at such time); provided that a certificate of a Responsible Officer delivered to the Administrative Agent at least five
Business Days (or such shorter period agreed to by the Administrative Agent) prior to such incurrence, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the documentation relating
thereto, stating that the Borrower has determined in good faith that such terms and conditions are, taken as a whole, not more restrictive to the Borrower and its Restricted Subsidiaries shall satisfy the requirements in this clause (e) and (f)
if such Indebtedness is in the form of loans secured on a pari passu basis with the Secured Obligations by the Collateral, the MFN Adjustment shall apply. 

  
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 “Required Lenders” means, at any time, Lenders having Revolving Exposures, Term
Loans and unused Commitments representing more than 50% of the aggregate Revolving Exposures, outstanding Term Loans and unused Commitments at such time; provided that to the extent set forth in Section 9.02 or Section 9.04,
(a) the total Revolving Exposures, Term Loans and unused Commitments of the Borrower or any Affiliate thereof and (b) whenever there are one or more Defaulting Lenders, the total outstanding Term Loans and Revolving Exposures of, and the
unused Revolving Commitments of, each Defaulting Lender shall, in each case described in clauses (a) and (b), be excluded for purposes of making a determination of Required Lenders. 

“Required Revolving Lenders” means, at any time, Lenders having more than 50% of (a) the Revolving Commitments or
(b) after the termination or expiration of the Revolving Commitments, the Revolving Exposure; provided that the Revolving Commitment and the Revolving Exposure of any Defaulting Lender shall be excluded for the purposes of making a
determination of Required Revolving Lenders. 
 “Requirements of Law” means, with respect to any Person, any statutes,
laws, treaties, rules, regulations, orders, decrees, writs, injunctions or determinations 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. 
 “Resignation Effective Date” has the meaning assigned to such term in
Section 8.06. 
 “Responsible Officer” means the chief executive officer, president, chief financial officer,
treasurer or assistant treasurer, or other similar officer, a director of a Loan Party and with respect to certain limited liability companies or partnerships that do not have officers, any manager, sole member, managing member or general partner
thereof, and as to any document delivered on the Effective Date or thereafter pursuant to clause (a)(i) of the definition of the term “Collateral and Guarantee Requirement,” any secretary or assistant secretary of a Loan Party. Any
document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such
Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 
 “Restricted Junior
Financing” has the meaning assigned to such term in Section 6.07(b). 
 “Restricted Payment” means any
dividend or other distribution (whether in cash, securities or other property) with respect to any Equity Interests in the Borrower or any Restricted Subsidiary, or any payment (whether in cash, securities or other property), including any sinking
fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Equity Interests in the Borrower or any Restricted Subsidiary or any option, warrant or other right to acquire any such
Equity Interests in the Borrower or any Restricted Subsidiary. 
 “Restricted Subsidiary” means any Subsidiary other than
an Unrestricted Subsidiary. 
 “Revolving Availability Period” means the period from and including the Effective Date to
but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments. 
 “Revolving
Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make Revolving Loans and to acquire participations in Letters of Credit and Swing Line Loans hereunder, expressed as an amount representing the
maximum possible aggregate amount of such Lender’s Revolving Exposure hereunder, as such commitment may be (a) reduced from time to time 

  
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pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to (i) assignments by or to such Lender pursuant to an Assignment and Assumption, (ii) a
Refinancing Amendment or (iii) an Incremental Revolving Commitment Increase. The amount of each Lender’s Revolving Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption or Refinancing Amendment pursuant to which
such Lender shall have assumed its Revolving Commitment, as the case may be. The initial aggregate amount of the Lenders’ Revolving Commitments on the Effective Date is $20,000,000. 

“Revolving Credit Facility” means the Revolving Commitments and the Revolving Loans made hereunder. 

“Revolving Exposure” means, with respect to any Revolving Lender at any time, the sum of the outstanding principal amount of
such Revolving Lender’s Revolving Loans, its LC Exposure and its participations in the Swing Line Loans or, in the case of the Swing Line Lender, the aggregate outstanding principal amount of all Swing Line Loans (net of any participations
therein by other Lenders). 
 “Revolving Lender” means a Lender with a Revolving Commitment or, if the Revolving
Commitments have terminated or expired, a Lender with Revolving Exposure. 
 “Revolving Loan” means (x) a Loan made
pursuant to clause (b) of Section 2.01, (y) a Swing Line Loan made pursuant to Section 2.23 and (z) each Other Revolving Loan and each revolving loan made pursuant to an Incremental Revolving Commitment Increase, as the context
requires. 
 “Revolving Maturity Date” means October 12, 2020 (or, with respect to any Revolving Lender that has
extended its Revolving Commitment, the extended maturity date, set forth in any applicable amendment agreement). 

“S&P” means Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC
business, and any successor to its rating agency business. 
 “Sanctioned Jurisdiction” means any country or territory that
is the subject of comprehensive Sanctions broadly restricting or prohibiting dealings in, with or involving such country or territory (as of the date hereof, Cuba, Iran, North Korea, Sudan, Syria and the Crimea region of Ukraine). 

“Sanctioned Person” means any Person (a) identified on a Sanctions List; (b) organized, domiciled or resident in,
or the government or any agency or instrumentality of the government of, any Sanctioned Jurisdiction; (c) owned or controlled by, or acting for or on behalf of, directly or indirectly, any Person described in the foregoing clause (a) or
(b); or (d) otherwise the subject or target of Sanctions. 
 “Sanctions” means any economic or financial sanctions
administered, imposed or enforced by (a) the United States (including OFAC and the U.S. Department of State), (b) the United Nations Security Council, (c) the European Union or any member state thereof, (d) the United Kingdom
(including Her Majesty’s Treasury) or (e) any other relevant national or supra-national governmental authority. 

“Sanctions List” means any list of designated individuals or entities that are the subject of Sanctions, including, without
limitation, (a) the Specially Designated Nationals and Blocked Persons List maintained by OFAC, (b) the Consolidated United Nations Security Council Sanctions List, (c) the Consolidated List of Persons, Groups and Entities Subject to
EU Financial Sanctions maintained by the European Union and (d) the Consolidated List of Financial Sanctions Targets in the United Kingdom maintained by Her Majesty’s Treasury of the United Kingdom. 

“Screen Rate” has the meaning assigned such term in the definition of “LIBO Rate.” 

  
 43 

 “SEC” means the Securities and Exchange Commission or any Governmental Authority
succeeding to any of its principal functions. 
 “Secured Obligations” has the meaning assigned to such term in the
Collateral Agreement; provided that Secured Obligations shall not, for purposes of this Agreement or any other Loan Document, include any Excluded Swap Obligations. 

“Secured Party” has the meaning assigned to such term in the Collateral Agreement. 

“Security Documents” means the Collateral Agreement, the Perfection Certificate, each Mortgage and each other security
agreement or pledge agreement executed and delivered pursuant to the Collateral and Guarantee Requirement, Section 5.11, 5.12 or 5.14 to secure any of the Secured Obligations. 

“Sold Entity or Business” has the meaning assigned to such term in the definition of the term “Consolidated
EBITDA.” 
 “Specified Transaction” means, with respect to any period, any Investment, sale, transfer or other
disposition of assets, incurrence or repayment of Indebtedness, Restricted Payment, subsidiary designation or other event that by the terms of the Loan Documents requires “Pro Forma Compliance” with a test or covenant hereunder or requires
such test or covenant to be calculated on a Pro Forma Basis. 
 “Statutory Reserve Rate” means a fraction (expressed as a
decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve, liquid asset or similar percentages (including any marginal, special, emergency or supplemental
reserves) expressed as a decimal established by any Governmental Authority of the United States. Such reserve, liquid asset or similar percentages shall include those imposed pursuant to Regulation D of the Board of Governors. Eurodollar Loans
shall be deemed to be subject to such reserve, liquid asset or similar requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under Regulation D or any other
applicable law, rule or regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

“Subject Transaction” means the incurrence of any Indebtedness (including Incremental Facilities, but excluding borrowings of
Revolving Loans) or Liens, or the making of any Permitted Acquisitions, Investments, Restricted Payments, prepayments of Junior Financing or voluntary prepayments, purchases or redemptions of Junior Financing or asset sales. 

“Subordinated Indebtedness” means (x) Indebtedness that is subordinated in right of payment to the Loan Document
Obligations and (y) any Permitted Refinancing in respect of any of the foregoing. 
 “subsidiary” means, with respect
to any Person (the “parent”) at any date, any corporation, limited liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated
financial statements if such financial statements were prepared in accordance with GAAP, as well as any other corporation, limited liability company, partnership, association or other entity (a) of which securities or other ownership interests
representing more than 50% of the voting equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held, or (b) that is,
as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. 

  
 44 

 “Subsidiary” means any subsidiary of the Borrower (unless otherwise specified).

 “Subsidiary Loan Party” means each Subsidiary that is a party to the Guarantee Agreement. 

“Successor Borrower” has the meaning assigned to such term in Section 6.03(a)(iv). 

“Swap Agreement” means any agreement with respect to any swap, forward, future or derivative transaction or option or similar
agreement or contract involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value
or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants
of the Borrower or the Subsidiaries shall be a Swap Agreement. 
 “Swap Obligation” means, with respect to any Loan Party,
any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 

“Swing Line Lender” means Goldman Sachs in its capacity as Swing Line Lender hereunder, together with its permitted
successors and assigns in such capacity. 
 “Swing Line Loan” means a Loan made by Swing Line Lender to the Borrower
pursuant to Section 2.24. 
 “Swing Line Sublimit” means an amount equal to $5,000,000. The Swing Line Sublimit is
part of and not in addition to the aggregate Revolving Commitments. 
 “Syndication Agent” means Goldman Sachs in its
capacity as syndication agent. 
 “Taxes” means any and all present or future taxes, levies, imposts, duties, deductions,
charges or withholdings (including backup withholding) imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Tender Offer” means the tender offer of common stock of the Borrower announced on September 25, 2017, as any such offer
may be amended from time to time. 
 “Term Commitment” means (x) with respect to each Lender that is a Lender on the
Effective Date, the commitment, if any, of such Lender to make a Term Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Term Loan to be made by such Lender hereunder, as such commitment may
be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to an Assignment and Assumption. The amount of each Lender’s Term
Commitment as of the Effective Date is set forth on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Term Commitment, as the case may be. The initial aggregate amount of the Lenders’ Term
Commitments on the Effective Date is $350,000,000. 
 “Term Facility” means the Term Loans and any other Incremental Term
Loans or any refinancing thereof. 
 “Term Lender” means a Lender with a Term Commitment or an outstanding Term Loan. 

  
 45 

 “Term Loan Standstill Period” has the meaning assigned to such term in
Section 7.01(d). 
 “Term Loans” means (x) the loans made pursuant to Section 2.01(a),(y) Other Term Loans
and (z) term loans made pursuant to an Incremental Term Increase, as the context requires. 
 “Term Maturity Date”
means (i) October 12, 2022 and (ii) with respect to Other Term Loans or term loans made pursuant to an Incremental Term Increase, the maturity date thereof set forth in the applicable Refinancing Amendment or Incremental Facility
Amendment, as applicable (or, in each case, with respect to any Term Lender that has extended the maturity date of its Term Loans pursuant to Section 2.21, the extended maturity date set forth in the Extension Notice delivered by the Borrower
and such Term Lender to the Administrative Agent pursuant to Section 2.21). 
 “Test Period” means, at any date of
determination, the period of four consecutive fiscal quarters of the Borrower then last ended as of such time for which financial statements have been delivered pursuant to Section 5.01(a) or (b); provided that for any date of
determination before the delivery of the first financial statements pursuant to Section 5.01(a) or (b), the Test Period shall be the period of four consecutive fiscal quarters of the Borrower then last ended as of such time. 

“Total Leverage Ratio” means on any date, the ratio of (a) Consolidated Total Debt as of such date to
(b) Consolidated EBITDA for the most recently ended Test Period. 
 “Total Net Leverage Ratio” means on any date, the
ratio of (a) Consolidated Total Net Debt as of such date to (b) Consolidated EBITDA for the most recently ended Test Period. 

“Transaction Costs” has the meaning set forth in the definition of “Transactions.” 

“Transactions” means collectively, (a) the funding of the Loans hereunder on the Effective Date, (b) the repurchase
of the common stock of the Borrower in an aggregate amount not to exceed $285,000,000, (c) the Effective Date Refinancing, and (d) the payment of all fees, closing payments, premiums, expenses and other transaction costs incurred in
connection with the transactions described in the foregoing provisions of this definition, including to fund any original issue discount or upfront fees (the “Transaction Costs”). 

“Transformative Acquisition” means any acquisition of the Borrower or any Restricted Subsidiary of a target, which at the
time of the consummation of such acquisition, is not permitted by the terms of this Agreement immediately prior to the consummation of such acquisition. 

“Type,” when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans
comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate or the Alternate Base Rate. 
 “UCC” or
“Uniform Commercial Code” means the Uniform Commercial Code as in effect from time to time in the State of New York; provided, however, that, at any time, if by reason of mandatory provisions of law, any or all of the
perfection or priority of the Administrative Agent’s security interest in any item or portion of the Collateral is governed by the Uniform Commercial Code as in effect in a U.S. jurisdiction other than the State of New York, the term
“UCC” shall mean the Uniform Commercial Code as in effect, at such time, in such other jurisdiction for purposes of the provisions hereof relating to such perfection or priority and for purposes of definitions relating to such provisions.

  
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 “Unaudited Financial Statements” means unaudited consolidated balance sheet of
the Borrower and its Subsidiaries dated June 30, 2017 and the related consolidated statements of income, shareholders’ equity and cash flows for the fiscal quarter ended on that date. 

“Unrestricted Subsidiary” means any Subsidiary designated by the Borrower as an Unrestricted Subsidiary pursuant to
Section 5.13 subsequent to the Effective Date. 
 “USA PATRIOT Act” means the Uniting and Strengthening America by
Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. 107-56 (signed into law October 26, 2001)). 

“Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by
dividing: (a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect
thereof, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (b) the then outstanding principal amount of such
Indebtedness. 
 “Wholly Owned Restricted Subsidiary” means any Restricted Subsidiary that is a Wholly Owned Subsidiary.

 “Wholly Owned Subsidiary” means, with respect to any Person at any date, a subsidiary of such Person of which securities
or other ownership interests representing 100% of the Equity Interests (other than (a) directors’ qualifying shares and (b) nominal shares issued to foreign nationals to the extent required by applicable Requirements of Law) are, as
of such date, owned, controlled or held by such Person or one or more Wholly Owned Subsidiaries of such Person or by such Person and one or more Wholly Owned Subsidiaries of such Person. 

“Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 “Write-Down and
Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the
applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 

Section 1.02 Classification of Loans and Borrowings. For purposes of this Agreement, Loans and Borrowings may be classified and
referred to by Class (e.g., a “Revolving Loan”) or by Type (e.g., a “Eurodollar Loan” or “ABR Loan”) or by Class and Type (e.g., a “Eurodollar Revolving Loan”). Borrowings also may be classified and
referred to by Class (e.g., a “Revolving Borrowing”, “Term Borrowing” or “ABR Borrowing”) or by Type (e.g., a “Eurodollar Borrowing”) or by Class and Type (e.g., a “Eurodollar Revolving
Borrowing”). 
 Section 1.03 Terms Generally. 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, (a) any definition of or reference
to any agreement (including this Agreement and the other Loan Documents), instrument or other document herein shall be construed as referring to such agreement, 

  
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instrument or other document as from time to time amended, amended and restated, supplemented or otherwise modified (subject to any restrictions on such amendments, restatements, supplements or
other modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns (subject to any restrictions on assignment set forth herein) and, in the case of any
Governmental Authority, any other Governmental Authority that shall have succeeded to any or all functions thereof, (c) the words “herein,” “hereof” and “hereunder,” and words of similar import, shall be construed
to refer to this Agreement in its entirety and not to any particular provision hereof, (d) any reference to any law shall include all statutory and regulatory provisions consolidating, amending, replacing or interpreting such law and any
reference to any law or regulation shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, (e) all references herein to Articles, Sections, Exhibits and Schedules shall be
construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement and (f) 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. 
 Section 1.04 Accounting
Terms; GAAP. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided, however, that if the Borrower notifies
the Administrative Agent that the Borrower requests an amendment to any provision (including any definitions) hereof to eliminate the effect of any change occurring after the Effective Date in GAAP or in the application thereof on the operation of
such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in
the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in
accordance herewith. Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving
effect to any election under Financial Accounting Standards Board Accounting Standards Codification No. 825—Financial Instruments, or any successor thereto (including pursuant to the Accounting Standards Codification), to value any Indebtedness
of the Borrower or any Subsidiary at “fair value” as defined therein. Notwithstanding any other provision contained herein, any lease that is treated as an operating lease for purposes of GAAP as of the Effective Date shall continue to be
treated as an operating lease (and any future lease, if it were in effect on the Effective Date, that would be treated as an operating lease for purposes of GAAP as of the Effective Date shall be treated as an operating lease), in each case for
purposes of this Agreement, notwithstanding any change in GAAP after the Effective Date. 
 Section 1.05 Pro Forma Calculations.
Notwithstanding anything to the contrary herein, for purposes of determining compliance with any test contained in this Agreement, Consolidated EBITDA, the Total Net Leverage Ratio and Total Leverage Ratio shall be calculated on a Pro Forma Basis to
give effect to the Transactions and all Specified Transactions that have been consummated during the applicable period of measurement or subsequent to such period and prior to or simultaneously with the event for which the calculation is made, and
shall be calculated for the applicable period of measurement (which may be the most recently ended twelve (12) consecutive fiscal months) for which monthly, quarterly or fiscal year-end financial
statements are available in respect thereof immediately preceding the date of such event. 
 Section 1.06 Certain Calculations and
Tests. 
 (a) Notwithstanding anything in this Agreement or any Loan Document to the contrary, for purposes of (i) determining
compliance with any provision of this Agreement which requires calculation of the Total Net Leverage Ratio or Total Leverage Ratio, (ii) determining compliance with any 

  
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provision of this Agreement which requires that whether a Default or Event of Default has occurred, is continuing or would result from a Subject Transaction in connection with the consummation of
a Limited Condition Acquisition; provided that, no Event of Default under Section 7.01(a), (b), (h) or (i) shall have occurred and be continuing at the time of consummation of such Limited Condition Acquisition, or
(iii) testing availability under baskets set forth in this Agreement (including any baskets based on a percentage of Consolidated EBITDA) (including the incurrence of any Incremental Facility), in each case in connection with a Limited
Condition Acquisition, the date of determination of such ratio and determination of whether any Default or Event of Default has occurred, is continuing or would result therefrom or other applicable covenant shall, at the irrevocable option of the
Borrower, be deemed to be the date the definitive agreements for such Limited Condition Acquisition are entered into (the “LCA Test Date”) and if, after such ratios and other provisions are measured on a Pro Forma Basis after giving
effect to such Limited Condition Acquisition and the other Subject Transactions to be entered into in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) as if they occurred at the beginning of the four
consecutive fiscal quarter period being used to calculate such financial ratio ending prior to the LCA Test Date, the Borrower could have taken such action on the relevant LCA Test Date in compliance with such ratios and provisions, such provisions
shall be deemed to have been complied with. For the avoidance of doubt, (x) if any of such ratios are exceeded as a result of fluctuations in such ratio (including due to fluctuations in Consolidated EBITDA of the Borrower and its Subsidiaries
or the target of such Limited Condition Acquisition) at or prior to the consummation of the relevant Limited Condition Acquisition, such ratios and other provisions will not be deemed to have been exceeded as a result of such fluctuations solely for
purposes of determining whether the Limited Condition Acquisition (and any Subject Transaction in connection therewith) is permitted hereunder and (y) such ratios and other provisions shall not be tested at the time of consummation of such
Limited Condition Acquisition or related Subject Transactions (other than in respect of any Investment that is a Limited Condition Acquisition and that is financed solely with the proceeds of any Incremental Facility or Incremental Equivalent Debt).

 (b) Notwithstanding anything to the contrary herein, with respect to any amounts incurred or transactions entered into (or consummated) in
reliance on a provision of this Agreement that does not require compliance with a financial ratio or test (including, without limitation, pro forma compliance with Section 6.11 hereof, any Total Net Leverage Ratio test and Total Leverage Ratio
test) (any such amounts, the “Fixed Amounts”) substantially concurrently with any amounts incurred or transactions entered into (or consummated) in reliance on a provision of this Agreement that requires compliance with any such
financial ratio or test (any such amounts, the “Incurrence Based Amounts”), it is understood and agreed that the Fixed Amounts (and any cash proceeds thereof) shall be disregarded in the calculation of the financial ratio or test
applicable to the Incurrence Based Amounts in connection with such substantially concurrent incurrence and shall be calculated for the most recent Test Period then ended, except that incurrences of Indebtedness and Liens constituting Fixed Amounts
shall be taken into account for purposes of Incurrence Based Amounts other than Incurrence Based Amounts contained in Section 2.20, Section 6.01 or Section 6.02. 

Section 1.07 Effectuation of Transactions. All references herein to the Borrower and their subsidiaries shall be deemed to be
references to such Persons, and all the representations and warranties of the Borrower and the other Loan Parties contained in this Agreement and the other Loan Documents shall be deemed made, in each case, after giving effect to the Transactions to
occur on the Effective Date, unless the context otherwise requires. 

  
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 ARTICLE II 

THE CREDITS 

Section 2.01 Commitments. (a) Subject to the terms and conditions set forth herein, each Term Lender agrees to make a term loan
denominated in dollars to the Borrower on the Effective Date in an amount equal to such Lender’s Term Commitment and (b) subject to the terms and conditions set forth herein, each Revolving Lender agrees to make revolving loans to the
Borrower denominated in dollars from time to time during the Revolving Availability Period in an aggregate principal amount which will not result in (i) such Lender’s Revolving Exposure exceeding such Lender’s Revolving Commitment or
(ii) the aggregate Revolving Exposure exceeding the aggregate Revolving Commitments of all Lenders. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Revolving
Loans. Amounts repaid or prepaid in respect of Term Loans may not be reborrowed. 
 Section 2.02 Loans and Borrowings. 

(a) Each Loan shall be made as part of a Borrowing consisting of Loans of the same Class and Type made by the Lenders ratably in
accordance with their respective Commitments of the applicable Class. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder, provided that the Commitments of the
Lenders are several and other than as expressly provided herein with respect to a Defaulting Lender, no Lender shall be responsible for any other Lender’s failure to make Loans as required hereby. 

(b) Subject to Section 2.14, each Revolving Borrowing and Term Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as
the Borrower may request in accordance herewith; provided that all Borrowings made on the Effective Date must be made as ABR Borrowings unless the Borrower shall have given the notice required for a Eurodollar Borrowing under
Section 2.03, and provided an indemnity letter extending the benefits of Section 2.16 to Lenders in respect of such Borrowings. Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such
Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. 

(c) At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an
integral multiple of the Borrowing Multiple and not less than the Borrowing Minimum; provided that a Eurodollar Borrowing that results from a continuation of an outstanding Eurodollar Borrowing may be in an aggregate amount that is equal to
such outstanding Borrowing. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of the Borrowing Multiple and not less than the Borrowing Minimum. Borrowings of more than one Type
and Class may be outstanding at the same time; provided that there shall not at any time be more than a total of seven Eurodollar Borrowings outstanding. Notwithstanding anything to the contrary herein, an ABR Revolving Borrowing may be
in an aggregate amount which is equal to the entire unused balance of the aggregate Revolving Commitments, that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.05(f) or that is required to repay the
Swing Line Loans as contemplated by Section 2.24(b)(iv). 
 Section 2.03 Requests for Borrowings. To request a Revolving
Borrowing or Term Borrowing, the Borrower shall notify the Administrative Agent of such request by telephone (a) in the case of a Eurodollar Borrowing, not later than 2:00 p.m., New York City time, three Business Days before the date of
the proposed Borrowing or (b) in the case of an ABR Borrowing, not later than 12:00 p.m., New 

  
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York City time, on the date which is one (1) Business Day prior to the requested Borrowing date of each ABR Borrowing. Each such telephonic Borrowing Request shall be irrevocable and shall
be confirmed promptly by hand delivery or facsimile to the Administrative Agent of a written Borrowing Request signed by the Borrower. Each such telephonic and written Borrowing Request shall specify the following information: 

(i) whether the requested Borrowing is to be a Revolving Borrowing, a Term Borrowing or a Borrowing of any other Class
(specifying the Class thereof); 
 (ii) the aggregate amount of such Borrowing; 

(iii) the date of such Borrowing, which shall be a Business Day; 

(iv) whether such Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; 

(v) in the case of a Eurodollar Borrowing, the initial Interest Period to be applicable thereto, which shall be a period
contemplated by the definition of the term “Interest Period”; 
 (vi) the location and number of the
Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.06, or, in the case of any ABR Revolving Borrowing (i) requested to finance the reimbursement of an LC Disbursement as
provided in Section 2.05(f), the identity of the Issuing Bank that made such LC Disbursement, or (ii) requested to repay the Swing Line Loans as contemplated by Section 2.24(b)(iv), the Swing Line Lender; and 

(vii) that as of the date of such Borrowing, the conditions set forth in Section 4.02(a) and Section 4.02(b) are
satisfied. 
 If no election as to the Type of Borrowing is specified as to any Borrowing, then the requested Borrowing shall be an ABR Borrowing. If no
Interest Period is specified with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance with
this Section, the Administrative Agent shall advise each Lender of the applicable Class of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing. 

Section 2.04 [Reserved]. 

Section 2.05 Letters of Credit. 

(a) General. Subject to the terms and conditions set forth herein (including Section 2.22), each Issuing Bank agrees, in reliance
upon, among other things, the agreements of the Revolving Lenders set forth in this Section 2.05, to issue Letters of Credit for the Borrower’s own account (or for the account of any Subsidiary of the Borrower so long as the Borrower and
such Subsidiary are co-applicants in respect of such Letter of Credit), in a form reasonably acceptable to the Administrative Agent and the applicable Issuing Bank, which shall reflect the standard operating
procedures of such Issuing Bank, at any time and from time to time during the Revolving Availability Period and prior to the fifth Business Day prior to the Revolving Maturity Date. In the event of any conflict between the terms and conditions of
this Agreement and the terms and conditions of any form of letter of credit or bank guarantee application or other agreement submitted by the Borrower to, or entered into by the Borrower with, the applicable Issuing Bank relating to any Letter of
Credit, the terms and conditions of this Agreement shall control. 

  
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 (b) Issuance, Amendment, Extension; Certain Conditions. To request the issuance of a
Letter of Credit (or the amendment or extension of an outstanding Letter of Credit), the Borrower shall deliver in writing by hand delivery or facsimile (or transmit by electronic communication, if arrangements for doing so have been approved by the
recipient) to the applicable Issuing Bank and the Administrative Agent (at least three Business Days before the requested date of issuance, amendment or extension or such shorter period as the applicable Issuing Bank and the Administrative Agent may
agree) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended or extended, and specifying the date of issuance, amendment or extension (which shall be a Business Day), the date on which such Letter
of Credit is to expire (which shall comply with paragraph (d) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend or extend
such Letter of Credit. If requested by the applicable Issuing Bank, the Borrower also shall submit a letter of credit application on such Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit
shall be issued, amended or extended only if (and upon issuance, amendment or extension of any Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment or extension,
(i) subject to Section 9.04(b)(ii), the Applicable Fronting Exposure of each Issuing Bank shall not exceed its Applicable Percentage of the Letter of Credit Sublimit, (ii) the aggregate Revolving Exposures shall not exceed the
aggregate Revolving Commitments and (iii) the aggregate LC Exposure shall not exceed the Letter of Credit Sublimit. No Issuing Bank shall be under any obligation to issue any Letter of Credit (i) if any order, judgment or decree of any
Governmental Authority or arbitrator shall enjoin or restrain such Issuing Bank from issuing the Letter of Credit, or any law applicable to such Issuing Bank or any directive (whether or not having the force of law) from any Governmental Authority
with jurisdiction over such Issuing Bank shall prohibit the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such Issuing Bank with respect to such Letter of Credit any restriction, reserve,
liquidity or capital requirement (for which such Issuing Bank is not otherwise compensated hereunder) not in effect on the Effective Date, or shall impose upon such Issuing Bank any unreimbursed loss, cost or expense which was not applicable on the
Effective Date and which such Issuing Bank in good faith deems material to it, (ii) if any Lender is at that time a Defaulting Lender, if after giving effect to Section 2.22(a)(iv), any Defaulting Lender Fronting Exposure remains
outstanding, unless such Issuing Bank has entered into arrangements reasonably satisfactory to such Issuing Bank with the Borrower or such Lender, including the delivery of cash collateral in accordance with Section 2.05(j) (including the
amount of cash collateral to be delivered), to eliminate such Issuing Bank’s Defaulting Lender Fronting Exposure arising from either the Letter of Credit then proposed to be issued or such Letter of Credit and any other LC Exposure as to which
such Issuing Bank has Defaulting Lender Fronting Exposure, (iii) that is a commercial Letter of Credit, without such Issuing Bank’s consent, or (iv) if the issuance of such Letter of Credit would violate one or more policies or
procedures of such Issuing Bank. 
 (c) Notice. Each Issuing Bank agrees that it shall not (other than in accordance with
Section 2.05(d)) permit any issuance, amendment or extension of a Letter of Credit to occur unless it shall have given to the Administrative Agent written notice thereof required under paragraph (m) of this Section. 

(d) Expiration Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date that
is one year after the date of the issuance of such Letter of Credit (or such longer period as may be agreed by the applicable Issuing Bank) (or, in the case of any extension thereof, one year after such extension) and (ii) the date that is five
Business Days prior to the Revolving Maturity Date; provided that if such expiry date is not a Business Day, such Letter of Credit shall expire at or prior to the close of business on the next succeeding Business Day; provided,
further, that any Letter of Credit may, upon the request of the Borrower, include a provision whereby the expiry date of such Letter of Credit shall be extended automatically for additional consecutive periods of one year or less so long as
(x) such Issuing Bank has the option to prevent any such extension before the expiration of the then effective 

  
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term and (y) neither such Issuing Bank nor the Borrower shall permit any such extension to extend such expiry date beyond the date set forth in clause (ii) above; provided,
further, that the expiry date of such Letter of Credit may extend beyond the date set forth in clause (ii) above if such Letter of Credit is cash collateralized in an amount equal to 103.0% of the LC Exposure attributable to such Letter
of Credit or is backstopped in each case pursuant to arrangements reasonably acceptable to the applicable Issuing Bank. 
 (e)
Participations. By and immediately upon the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and without any further action on the part of the Issuing Bank that is the issuer thereof or the
Lenders, such Issuing Bank hereby grants to each Revolving Lender, and each Revolving Lender hereby acquires from such Issuing Bank, a participation in such Letter of Credit equal to such Revolving Lender’s Applicable Percentage of the
aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each Revolving Lender hereby absolutely, irrevocably, and unconditionally agrees to pay to the Administrative Agent, for the
account of such Issuing Bank, such Revolving Lender’s Applicable Percentage of each LC Disbursement made by such Issuing Bank and not reimbursed by the Borrower on the date due as provided in paragraph (f) of this Section, or of any
reimbursement payment required to be refunded to the Borrower for any reason. Each Revolving Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute,
irrevocable, and unconditional and shall not be affected by any circumstance whatsoever, including any amendment or extension of any Letter of Credit or the occurrence and continuance of a Default or any reduction or termination of the Revolving
Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. 
 (f)
Reimbursement. If an Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Borrower shall reimburse such LC Disbursement by paying to the Administrative Agent, for the account of such Issuing Bank, an amount equal
to such LC Disbursement not later than 4:00 p.m., New York City time, on the Business Day immediately following the day that the Borrower receives notice of such LC Disbursement, provided that, if such LC Disbursement is not less than
$100,000, the Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 that such payment be financed with an ABR Revolving Borrowing in an equivalent amount, and, to the extent so financed,
the Borrower’s obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Borrowing. If the Borrower fails to make such payment when due, the Administrative Agent shall notify each Revolving Lender of the
applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such Revolving Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Revolving Lender shall pay to the Administrative
Agent, for the account of the applicable Issuing Bank, its Applicable Percentage of the payment then due from the Borrower, in dollars and in the same manner as provided in Section 2.06 with respect to Loans made by such Lender (and
Section 2.06 shall apply, mutatis mutandis, to the payment obligations of the Revolving Lenders pursuant to this paragraph), and the Administrative Agent shall promptly remit to the applicable Issuing Bank the amounts so received by it
from the Revolving Lenders. Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent
that Revolving Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Revolving Lenders and such Issuing Bank as their interests may appear. Any payment made by a Revolving Lender pursuant to this
paragraph to reimburse any Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement.

  
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 (g) Obligations Absolute. The Borrower’s obligation to reimburse LC Disbursements as
provided in paragraph (f) of this Section is absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any
lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or
any statement therein being untrue or inaccurate in any respect, (iii) payment by an Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of such Letter of Credit or
(iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, the
Borrower’s obligations hereunder. None of the Administrative Agent, the Lenders, the Issuing Banks or any of their Related Parties shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any
Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft,
notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control of the
applicable Issuing Bank; provided that the foregoing shall not be construed to excuse any Issuing Bank from liability to the Borrower to the extent of any direct damages (as opposed to consequential, exemplary, indirect, special, incidental,
or punitive damages, claims in respect of which are hereby waived by the Borrower to the extent permitted by applicable law) suffered by the Borrower that are caused by such Issuing Bank’s failure to exercise care when determining whether
drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of an Issuing Bank (as determined by a court
of competent jurisdiction in a final, non-appealable judgment), such Issuing Bank shall be deemed to have exercised care in each such determination. In furtherance of the foregoing and without limiting the
generality thereof, the parties agree that, with respect to documents presented that appear on their face to be in substantial compliance with the terms of a Letter of Credit, an Issuing Bank may, in its sole discretion, either accept and make
payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the
terms of such Letter of Credit, and any such acceptance or refusal shall be deemed not to constitute gross negligence or willful misconduct. 

(h) Disbursement Procedures. Each Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to
represent a demand for payment under a Letter of Credit. Each Issuing Bank shall promptly notify the Administrative Agent (who in turn shall notify the Borrower) by telephone (confirmed by hand delivery or facsimile) of such demand for payment and
whether such Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving any such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the
Revolving Lenders with respect to any such LC Disbursement in accordance with paragraph (f) of this Section. 
 (i) Interim
Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and
including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such
LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank
(except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment) and shall be
payable on demand or, if no demand has been made, on the date on which the Borrower reimburses the applicable LC Disbursement in full. 

  
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 (j) Cash Collateralization. If any Event of Default under paragraph (a), (b), (h) or
(i) of Section 7.01 shall occur and be continuing, on the Business Day on which the Borrower receives notice from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Revolving Lenders
with LC Exposure representing more than 50% of the aggregate LC Exposure of all Revolving Lenders) demanding the deposit of cash collateral pursuant to this paragraph, the Borrower shall deposit in an account with the Administrative Agent, in the
name of the Administrative Agent and for the benefit of the Lenders and the Issuing Banks, an amount of cash in dollars equal to 105.0% of the LC Exposure as of such date plus any accrued and unpaid interest thereon; provided that the
obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the
Borrower described in paragraph (h) or (i) of Section 7.01. The Borrower also shall deposit cash collateral pursuant to this paragraph as and to the extent required by Section 2.11(b). Each such deposit shall be held by the
Administrative Agent as collateral for the payment and performance of the obligations of the Borrower under this Agreement. At any time that there shall exist a Defaulting Lender, if any Defaulting Lender Fronting Exposure remains outstanding (after
giving effect to Section 2.22(a)(iv)), then promptly upon the request of the Administrative Agent or any Issuing Bank, the Borrower shall deliver to the Administrative Agent cash collateral in an amount equal to 105.0% of the amount sufficient
to cover such Defaulting Lender Fronting Exposure (after giving effect to any cash collateral provided by the Defaulting Lender). The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over
such account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent in Permitted Investments and at the Borrower’s risk and expense, such
deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to reimburse the Issuing Banks for LC Disbursements for which
they have not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure or, if the maturity of the Loans has been accelerated (but subject to the
consent of the Issuing Banks and the Revolving Lenders with LC Exposure representing more than 50% of the aggregate LC Exposure of all the Revolving Lenders), be applied to satisfy other obligations of the Borrower under this Agreement. If the
Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default or the existence of a Defaulting Lender, such amount (to the extent not applied as aforesaid) shall be returned to the
Borrower within three Business Days after all Events of Default have been cured or waived or after the termination of Defaulting Lender status, as applicable. If the Borrower is required to provide an amount of cash collateral hereunder pursuant to
Section 2.11(b), such amount (to the extent not applied as aforesaid) shall be returned to the Borrower as and to the extent that, after giving effect to such return, the Borrower would remain in compliance with Section 2.11(b) and no
Event of Default shall have occurred and be continuing. 
 (k) Designation of Additional Issuing Banks. The Borrower may, at any time
and from time to time, designate as additional Issuing Banks one or more Revolving Lenders reasonably acceptable to the Administrative Agent and the Borrower that agree to serve in such capacity as provided below. The acceptance by a Revolving
Lender of an appointment as an Issuing Bank hereunder shall be evidenced by an agreement, which shall be in form and substance reasonably satisfactory to the Administrative Agent and the Borrower, executed by the Borrower, the Administrative Agent
and such designated Revolving Lender and, from and after the effective date of such agreement, (i) such Revolving Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and (ii) references herein to the
term “Issuing Bank” shall be deemed to include such Revolving Lender in its capacity as an issuer of Letters of Credit hereunder. 

  
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 (l) Termination of an Issuing Bank. The Borrower may terminate the appointment of any
Issuing Bank as an “Issuing Bank” hereunder by providing a written notice thereof to such Issuing Bank, with a copy to the Administrative Agent. Any such termination shall become effective upon the earlier of (i) such Issuing
Bank’s acknowledging receipt of such notice and (ii) the fifth Business Day following the date of the delivery thereof; provided that no such termination shall become effective until and unless the LC Exposure attributable to
Letters of Credit issued by such Issuing Bank (or its Affiliates) shall have been reduced to zero. At the time any such termination shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the terminated Issuing Bank
pursuant to Section 2.12(b). Notwithstanding the effectiveness of any such termination, the terminated Issuing Bank shall remain a party hereto and shall continue to have all the rights of an Issuing Bank under this Agreement with respect to
Letters of Credit issued by it prior to such termination, but shall not issue any additional Letters of Credit or be deemed an Issuing Bank for any other purpose. 

(m) Resignation of Issuing Bank. An Issuing Bank may resign as Issuing Bank upon sixty (60) days’ prior written notice to
Administrative Agent, Lenders and Borrower. At the time any such resignation shall become effective, Borrower shall (A) pay all unpaid fees and other amounts accrued for the account of the resigning Issuing Bank and (B) cash collateralize
or replace any existing Letters of Credit or cause a bank or other financial institution acceptable to the resigning Issuing Bank to issue backstop letters of credit (naming the resigning Issuing Bank as the beneficiary thereof and otherwise in form
and substance satisfactory to the resigning Issuing Bank) in respect of existing Letters of Credit, in each case on terms satisfactory to the resigning Issuing Bank. From and after the effective date of any such resignation, (i) any successor
Issuing Bank shall have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to
such successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require. After the resignation of an Issuing Bank hereunder, the resigning Issuing Bank shall remain a party hereto to the
extent that Letters of Credit issued by it remain outstanding and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement or resignation,
but shall not be required to issue additional Letters of Credit. 
 (n) Issuing Bank Reports to the Administrative Agent. Unless
otherwise agreed by the Administrative Agent, each Issuing Bank shall, in addition to its notification obligations set forth elsewhere in this Section, report in writing to the Administrative Agent (i) periodic activity (for such period or
recurrent periods as shall be requested by the Administrative Agent) in respect of Letters of Credit issued by such Issuing Bank, including all issuances, extensions and amendments, all expirations and cancellations and all disbursements and
reimbursements, (ii) within five Business Days following the time that such Issuing Bank issues, amends or extends any Letter of Credit, the date of such issuance, amendment or extension, and the face amount of the Letters of Credit issued,
amended or extended by it and outstanding after giving effect to such issuance, amendment or extension (and whether the amounts thereof shall have changed), (iii) on each Business Day on which such Issuing Bank makes any LC Disbursement, the date
and amount of such LC Disbursement, (iv) on any Business Day on which the Borrower fails to reimburse an LC Disbursement required to be reimbursed to such Issuing Bank on such day, the date of such failure and the amount of such LC Disbursement
and (v) on any other Business Day, such other information as the Administrative Agent shall reasonably request as to the Letters of Credit issued by such Issuing Bank. 

  
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 (o) Applicability of ISP and UCP. Unless otherwise expressly agreed in writing by the
applicable Issuing Bank and the Borrower when a Letter of Credit is issued, (i) the rules of the ISP shall apply to each standby Letter of Credit and (ii) the rules of the Uniform Customs and Practice for Documentary Credits as most
recently published by the International Chamber of Commerce at the time of such issuance shall apply to each commercial Letter of Credit. 

(p) Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of
any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance
of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries. 

Section 2.06 Funding of Borrowings. 

(a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by
12:00 noon, New York City time, to the Applicable Account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower by promptly
crediting the amounts so received, in like funds, to an account of the Borrower designated by the Borrower in the applicable Borrowing Request; provided that ABR Revolving Loans made to finance the reimbursement of an LC Disbursement as
provided in Section 2.05(f) shall be remitted by the Administrative Agent to the applicable Issuing Bank or, to the extent that Revolving Lenders have made payments pursuant to Section 2.05(f) to reimburse such Issuing Bank, then to such
Lenders and such Issuing Bank as their interests may appear. 
 (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 paragraph (a) of this Section and may, in reliance on such assumption and in its sole discretion, make available to the Borrower 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 agrees to pay to the Administrative Agent an amount equal to such share on demand of the Administrative Agent. If such Lender does not pay such corresponding
amount forthwith upon demand of the Administrative Agent therefor, the Administrative Agent shall promptly notify the Borrower, and the Borrower agrees to pay such corresponding amount to the Administrative Agent forthwith on demand. The
Administrative Agent shall also be entitled to recover from such Lender or the Borrower interest on such corresponding amount, for each day from and including the date such amount is made available to the Borrower to but excluding the date of
payment to the Administrative Agent, at (i) in the case of such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, or
(ii) in the case of the Borrower, the interest rate applicable to such Borrowing in accordance with Section 2.13. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan
included in such Borrowing. 
 (c) The obligations of the Lenders hereunder to make Term Loans and Revolving Loans, to fund participations in
Letters of Credit and to make payments pursuant to Section 9.03(c) are several and not joint. The failure of any Lender to make any Loan, to fund any such participation or to make any payment under Section 9.03(c) on any date required
hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and other than as expressly provided herein with respect to Defaulting Lenders no Lender shall be responsible for the failure of any other Lender to
so make its Loan, to purchase its participation or to make its payment under Section 9.03(c). 

  
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 Section 2.07 Interest Elections. 

(a) Each Revolving Borrowing and Term Borrowing initially shall be of the Type specified in the applicable Borrowing Request or designated by
Section 2.03 and, in the case of a Eurodollar Borrowing, shall have an initial Interest Period as specified in such Borrowing Request or designated by Section 2.03. Thereafter, the Borrower may elect to convert such Borrowing to a
different Type or to continue such Borrowing and, in the case of a Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in this Section. The Borrower may elect different options with respect to different portions of the
affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. 

(b) To make an election pursuant to this Section, the Borrower shall notify the Administrative Agent of such election by telephone by the time
that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such telephonic Interest Election Request
shall be irrevocable and shall be confirmed promptly by hand delivery, facsimile or other electronic transmission to the Administrative Agent of a written Interest Election Request signed by the Borrower. 

(c) Each telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.03: 

(i) the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to
different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing); 

(ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day; 

(iii) whether the resulting Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; and 

(iv) if the resulting Borrowing is to be a Eurodollar Borrowing, the Interest Period to be applicable thereto after giving
effect to such election, which shall be a period contemplated by the definition of the term “Interest Period.” 
 If any such Interest Election
Request requests a Eurodollar Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. 

(d) Promptly following receipt of an Interest Election Request in accordance with this Section, the Administrative Agent shall advise each
Lender of the applicable Class of the details thereof and of such Lender’s portion of each resulting Borrowing. 
 (e) If the
Borrower fails to deliver a timely Interest Election Request with respect to a Eurodollar Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest
Period such Borrowing shall be converted to an ABR Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the
Borrower, then, so long as an Event of Default is continuing (i) no outstanding Borrowing may be converted to or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing
at the end of the Interest Period applicable thereto. 

  
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 Section 2.08 Termination and Reduction of Commitments. 

(a) Unless previously terminated, (i) the Term Commitments shall terminate at upon funding of the Term Loans, on the Effective Date and
(ii) the Revolving Commitments shall terminate on the Revolving Maturity Date. 
 (b) The Borrower may at any time terminate, or from
time to time reduce, the Commitments of any Class, provided that (i) each reduction of the Commitments of any Class shall be in an amount that is an integral multiple of $500,000 and not less than $1,000,000 unless such amount
represents all of the remaining Commitments of such Class, (ii) the Borrower shall not terminate or reduce the Revolving Commitments if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with
Section 2.11, the aggregate Revolving Exposures would exceed the aggregate Revolving Commitments and (iii) if, after giving effect to any reduction of the Revolving Commitments, the Letter of Credit Sublimit or the Swing Line Sublimit
exceeds the amount of the aggregate Revolving Commitments, the such sublimit shall be automatically reduced by the amount of such excess. 

(c) The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Commitments under paragraph (b) of this
Section at least one Business Day prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders
of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable, provided that a notice of termination of the Revolving Commitments delivered by the Borrower may state that such notice is
conditioned upon the effectiveness of other credit facilities or the receipt of the proceeds from the issuance of other Indebtedness or the occurrence of some other identifiable event or condition, in which case such notice may be revoked by the
Borrower (by notice to the Administrative Agent on or prior to the specified effective date of termination) if such condition is not satisfied. Any termination or reduction of the Commitments of any Class shall be permanent. Each reduction of
the Commitments of any Class shall be made ratably among the Lenders in accordance with their respective Commitments of such Class. 

Section 2.09 Repayment of Loans; Evidence of Debt. 

(a) The Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Lender the then unpaid
principal amount of each Revolving Loan of such Lender on the Revolving Maturity Date and (ii) to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Term Loan of such Lender as provided in
Section 2.10. 
 (b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness
of the Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. 

(c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder, the
Class and Type thereof 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 Borrower to each Lender hereunder and (iii) the amount of any sum
received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. 

  
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 (d) The entries made in the accounts maintained pursuant to paragraph (b) or (c) of
this Section 2.09 shall be prima facie evidence of the existence and amounts of the obligations recorded therein, provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein
shall not in any manner affect the obligation of the Borrower to pay any amounts due hereunder in accordance with the terms of this Agreement. In the event of any inconsistency between the entries made pursuant to paragraph (b) and the
Register, the Register shall prevail. 
 (e) Any Lender may request through the Administrative Agent that Loans of any Class made by it
be evidenced by a promissory note. In such event, the Borrower shall execute and deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and in a form
provided by the Administrative Agent and approved by the Borrower. 
 Section 2.10 Amortization of Term Loans. 

(a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Term Borrowings on the last Business Day of
each March, June, September and December (commencing on March 31, 2018) in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied
by (ii) (A) 1.25% with respect to each fiscal quarter ended on or prior to the first anniversary of the Effective Date, (B) 2.50% with respect to each fiscal quarter ended after the first anniversary but on or prior to the second anniversary of the
Effective Date, (C) 2.50% with respect to each fiscal quarter ended after the second anniversary but on or prior to the third anniversary of the Effective Date and (iv) 2.50% with respect to each fiscal quarter ended after the third anniversary,
with the remaining balance due on the 5-year anniversary of the Effective Date (which, in each case, shall include at the Borrower’s election, such adjustments as are necessary in order to provide for the
“fungibility” of any Incremental Term Increase); provided that if any such date is not a Business Day, such payment shall be due on the next preceding Business Day. 

(b) To the extent not previously paid, all Term Loans shall be due and payable on the Term Maturity Date. 

(c) Any prepayment of a Term Borrowing of any Class (i) pursuant to Section 2.11(a) shall be applied to reduce the subsequent
scheduled and outstanding repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed by the Borrower (and absent such direction in direct order of maturity) and (ii) pursuant to Section 2.11(c) or
Section 2.11(d) shall be applied to reduce the subsequent scheduled and outstanding repayments of the Term Borrowings of such Class to be made pursuant to this Section 2.10, or, except as otherwise provided in any Refinancing
Amendment, pursuant to the corresponding section of such Refinancing Amendment in direct order of maturity.  

(d) Prior to any repayment of any Term Borrowings of any Class hereunder, the Borrower shall select the Borrowing or Borrowings of the
applicable Class to be repaid and shall notify the Administrative Agent by telephone (confirmed by hand delivery or facsimile) of such election not later than 2:00 p.m., New York City time, one Business Day before the scheduled date of
such repayment. In the absence of a designation by the Borrower as described in the preceding sentence, the Administrative Agent shall make such designation in its reasonable discretion with a view, but no obligation, to minimize breakage costs
owing under Section 2.16. Each repayment of a Borrowing shall be applied ratably to the Loans included in the repaid Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid. 

  
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 Section 2.11 Prepayment of Loans. 

(a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to the
requirements of this Section 2.11; provided that all prepayments under this Section 2.11(a) shall be accompanied by the Repricing Premium, if applicable. 

(b) In the event and on each occasion that the aggregate Revolving Exposures exceed the aggregate Revolving Commitments, the Borrower shall
prepay Revolving Borrowings and Swing Line Loans (and, to the extent that any such excess exists after all Revolving Borrowings (if any) and Swing Line Loans (if any) have been prepaid, deposit cash collateral in an account with the Administrative
Agent pursuant to Section 2.05(j)) in an aggregate amount necessary to eliminate such excess. 
 (c) In the event and on each occasion
that any Net Proceeds are received by or on behalf of the Borrower or any of the Restricted Subsidiaries in respect of any Prepayment Event, the Borrower shall, within five Business Days after such Net Proceeds are received (or, in the case of a
Prepayment Event described in clause (b) of the definition of the term “Prepayment Event,” on the date of such Prepayment Event), prepay Term Borrowings in an aggregate amount equal to the amount of such Net Proceeds; provided
that, (i) in the case of any event described in clause (a) of the definition of the term “Prepayment Event” if the Borrower and the Subsidiaries invest (or commit to invest) the Net Proceeds from such event (or a portion thereof)
within twelve (12) months after receipt of such Net Proceeds in assets useful in the business of the Borrower and the other Subsidiaries (including any acquisitions permitted under Section 6.04), then no prepayment shall be required
pursuant to this paragraph in respect of such Net Proceeds in respect of such event (or the applicable portion of such Net Proceeds, if applicable) except to the extent of any such Net Proceeds therefrom that have not been so invested (or committed
to be invested) by the end of such twelve (12) month period, at which time a prepayment shall be required in an amount equal to such Net Proceeds that have not been so invested (or committed to be invested) and (ii) in the case of any
event described in clause (a) of the definition of “Prepayment Event”, if at the time that any such prepayment would be required hereunder, the Borrower is required to offer to repurchase or prepay any other Indebtedness secured on a
pari passu basis (or any Credit Agreement Refinancing Indebtedness in respect thereof that is secured on a pari passu basis with the Secured Obligations) pursuant to the terms of the documentation governing such Indebtedness with Net
Proceeds (such Indebtedness (or Credit Agreement Refinancing Indebtedness in respect thereof) required to be offered to be so repurchased or prepaid, the “Other Applicable Indebtedness”), then the Borrower may apply such Net
Proceeds on a pro rata basis to the prepayment of the Term Loans and to the repurchase or prepayment of the Other Applicable Indebtedness (determined on the basis of the aggregate outstanding principal amount of the Term Loans and Other
Applicable Indebtedness (or accreted amount if such Other Applicable Indebtedness is issued with original issue discount) at such time; provided that the portion of such Net Proceeds allocated to the Other Applicable Indebtedness shall not
exceed the amount of such Net Proceeds required to be allocated to the Other Applicable Indebtedness pursuant to the terms thereof, and the remaining amount, if any, of such Net Proceeds shall be allocated to the Term Loans in accordance with the
terms hereof), and the amount of prepayment of the Term Loans that would have otherwise been required pursuant to this Section 2.11(c) shall be reduced accordingly; provided, further, that to the extent the holders of the Other
Applicable Indebtedness decline to have such Indebtedness prepaid or repurchased, the declined amount shall promptly (and in any event within ten (10) Business Days after the date of such rejection) be applied to prepay the Term Loans in
accordance with the terms hereof. 
 (d) Following the end of each fiscal year of the Borrower, commencing with the fiscal year ending
December 31, 2018, the Borrower shall prepay Term Borrowings in an aggregate amount equal to the ECF Percentage of Excess Cash Flow for such fiscal year; provided that such amount shall be reduced by the aggregate amount of prepayments
of Term Loans (and, to the extent the Revolving Commitments are 

  
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permanently reduced in a corresponding amount pursuant to Section 2.08, Revolving Loans) made pursuant to Section 2.11(a) during such fiscal year or after such fiscal year and prior to
the time such prepayment is due as provided below (without duplication in successive periods) (solely to the extent such prepayments funded with the proceeds of Internally Generated Cash). Each prepayment pursuant to this paragraph shall be made on
or before the date that is five Business Days after the date on which financial statements are required to be delivered pursuant to Section 5.01 with respect to the fiscal year for which Excess Cash Flow is being calculated. 

(e) In the event of any mandatory prepayment of Term Borrowings made at a time when Term Borrowings of more than one Class remain
outstanding, the Borrower shall select Term Borrowings to be prepaid so that the aggregate amount of such prepayment is allocated between Term Borrowings (and, to the extent provided in the Refinancing Amendment for any Class of Other Term
Loans, the Borrowings of such Class) pro rata based on the aggregate principal amount of outstanding Borrowings of each such Class; provided that any Term Lender (and, to the extent provided in the Refinancing Amendment for any Class of
Other Term Loans, any Lender that holds Other Term Loans of such Class) may elect, by notice to the Administrative Agent by telephone (confirmed by facsimile) no later than ten (10) Business Days after the date of such Lender’s receipt of
notice from the Administrative Agent regarding such prepayment, to decline all (but not part) of any prepayment of its Term Loans or Other Term Loans of any such Class pursuant to this Section (other than an optional prepayment pursuant to
paragraph (a) of this Section 2.11, which may not be declined), in which case the aggregate amount of the prepayment that would have been applied to prepay Term Loans or Other Term Loans of any such Class but was so declined may be
retained by the Borrower. Optional prepayments of Term Borrowings shall be allocated among the Classes of Term Borrowings and applied to scheduled amortization as directed by the Borrower. In the absence of a designation by the Borrower as described
in the preceding provisions of this paragraph of the Type of Borrowing of any Class, the Administrative Agent shall make such designation in its reasonable discretion with a view, but no obligation, to minimize breakage costs owing under
Section 2.16; provided that, in connection with any mandatory prepayments by the Borrower of the Term Loans pursuant to Section 2.11(c) or (d), such prepayments shall be applied on a pro rata basis to the then outstanding Term Loans
being prepaid irrespective of whether such outstanding Term Loans are ABR Loans or Eurodollar Loans; provided that if no Lenders exercise the right to waive a given mandatory prepayment of the Term Loans pursuant to this Section 2.11(e),
then, with respect to such mandatory prepayment, the amount of such mandatory prepayment shall be applied first to Term Loans that are ABR Loans to the full extent thereof before application to Term Loans that are Eurodollar Loans in a manner that
minimizes the amount of any payments required to be made by the Borrower pursuant to Section 2.16. 
 (f) The Borrower shall notify the
Administrative Agent by telephone (confirmed by facsimile) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 2:00 p.m., New York City time, three Business Days before the date of prepayment
or (ii) in the case of prepayment of an ABR Borrowing, not later than 1:00 p.m., New York City time, two Business Days before the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the
principal amount of each Borrowing or portion thereof to be prepaid and, in the case of a mandatory prepayment, a reasonably detailed calculation of the amount of such prepayment; provided that a notice of optional prepayment may state that
such notice is conditional upon the effectiveness of other credit facilities or the receipt of the proceeds from the issuance of other Indebtedness or the occurrence of some other identifiable event or condition, in which case such notice of
prepayment may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified date of prepayment) if such condition is not satisfied; provided further that, any notice of mandatory prepayment pursuant to
Section 2.11(c) or (d) must be delivered not later than 2:00 p.m., New York City time, three Business Days before the date of prepayment. Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of
the contents thereof. Each partial prepayment of any Borrowing shall be in an amount 

  
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that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02, except as necessary to apply fully the required amount of a mandatory
prepayment. With respect to each Class of Term Loans, all accepted prepayments pursuant to Section 2.11(c) or (d) shall be applied against the remaining scheduled amortization payments in respect of the Term Loans in direct order of
maturity. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.13. At the Borrower’s election in
connection with any prepayment pursuant to this Section 2.11, such prepayment shall not be applied to any Term Loan or Revolving Loan of a Defaulting Lender and shall be allocated ratably among the relevant
non-Defaulting Lenders. 
 (g) Notwithstanding any other provisions of Section 2.11(c) or (d),
mandatory prepayments described in of Section 2.11(c) or (d) will not be required (and for the avoidance of doubt, the Borrower and its Restricted Subsidiaries shall not be required to increase the amount of mandatory prepayments required
to be made to offset the application of such limitation and any reduction of mandatory prepayments as a result thereof) to the extent the Borrower reasonably determines (in consultation with the Administrative Agent) that any required repatriation
of funds from the Borrower’s Foreign Subsidiaries in order to effect such prepayments would, in the good faith judgment of the Borrower, (x) have a material adverse tax or cost consequence for the Borrower, its Restricted Subsidiaries or
its beneficial owners determined in good faith by the Borrower or (y) contravene or be delayed by applicable law (the “Excluded Amounts”); provided that the Borrower shall take commercially reasonable actions required by
applicable law to permit the repatriation of relevant amounts on or prior to the date of calculation of such excess cash flow payment. Notwithstanding the foregoing, any prepayments required after application of the above provision shall be net of
any costs, expenses or taxes incurred by the Borrower and its Restricted Subsidiaries and arising as a result of compliance with the preceding sentence. The nonapplication of any such mandatory prepayment amounts as a result of the foregoing
provisions will not constitute a default or an event of default and such amounts shall be available for working capital purposes of the Borrower and its Restricted Subsidiaries. For purposes of the foregoing, Excess Cash Flow shall be allocated
among Foreign Subsidiaries determined by the Borrower in consultation with the Administrative Agent and the Excluded Amounts shall be available for working capital or other purposes of the Borrower, the Foreign Subsidiary or any Restricted
Subsidiary determined by the Borrower in consultation with the Administrative Agent. 
 Section 2.12 Fees. 

(a) The Borrower agrees to pay to the Administrative Agent in dollars for the account of each Revolving Lender a commitment fee of 0.50% per
annum times the on the average daily unused amount of the Revolving Commitment of such Lender during the period from and including the Effective Date to but excluding the date on which the Revolving Commitments terminate. Accrued commitment fees
shall be payable in arrears on the last Business Day of March, June, September and December of each year and on the date on which the Revolving Commitments terminate, commencing on the first such date to occur after the Effective Date. All
commitment fees shall be computed on the basis of a year of three hundred sixty (360) days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). For purposes of computing commitment
fees, a Revolving Commitment of a Lender shall be deemed to be used to the extent of the outstanding Revolving Loans and LC Exposure of such Lender (for the avoidance of doubt, excluding Swing Line Loans). 

(b) The Borrower agrees to pay (i) to the Administrative Agent in dollars for the account of each Revolving Lender (other than any
Defaulting Lender) a participation fee with respect to its participations in Letters of Credit, which shall accrue at the Applicable Rate used to determine the interest rate applicable to Eurodollar Revolving Loans on the daily amount of such
Lender’s LC Exposure 

  
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(excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to and including the later of the date on which such
Lender’s Revolving Commitment terminates and the date on which such Lender ceases to have any LC Exposure, and (ii) to each Issuing Bank in dollars a fronting fee, which shall accrue at a rate equal to 0.125% per annum (or such lower rate
as agreed between the Borrower and the relevant Issuing Bank) on the face amount of the Letters of Credit issued by such Issuing Bank during the period from and including the Effective Date to and including the later of the date of termination of
the Revolving Commitments and the date on which there ceases to be any LC Exposure, as well as such Issuing Bank’s standard fees with respect to the issuance, amendment or extension of any Letter of Credit or processing of drawings thereunder.
Participation fees and fronting fees shall be payable on the last Business Day of each March, June, September and December of each year, commencing on the first such date to occur after the Effective Date; provided that all such fees shall be
payable on the date on which the Revolving Commitments terminate and any such fees accruing after the date on which the Revolving Commitments terminate shall be payable on demand. Any other fees payable to an Issuing Bank pursuant to this paragraph
shall be payable within ten (10) days after demand. All participation fees and fronting fees shall be computed on the basis of a year of three hundred sixty (360) days and shall be payable for the actual number of days elapsed (including
the first day but excluding the last day). 
 (c) Notwithstanding the foregoing, and subject to Section 2.22, the Borrower shall not be
obligated to pay any amounts to any Defaulting Lender pursuant to Section 2.11(g). 
 Section 2.13 Interest. 

(a) The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Rate. 

(b) The Loans comprising each Eurodollar Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such
Borrowing plus the Applicable Rate. 
 (c) Notwithstanding the foregoing, during an Event of Default as a result of any of the events set
forth in Section 7.01(a), 7.01(b), 7.01(h) or 7.01(i), if any principal of or interest on any Loan or any fee, closing payments or other amount payable by the Borrower hereunder is not paid when due, whether at stated maturity, upon
acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2.00% per annum plus the rate otherwise applicable to such Loan
as provided in the preceding paragraphs of this Section or (ii) in the case of any other amount, 2.00% per annum plus the rate applicable to ABR Revolving Loans as provided in paragraph (a) of this Section 2.13; provided that
no amount shall be payable pursuant to this Section 2.13(c) to a Defaulting Lender so long as such Lender shall be a Defaulting Lender; provided further that no amounts shall accrue pursuant to this Section 2.13(c) on any overdue
amount, reimbursement obligation in respect of any LC Disbursement or other amount payable to a Defaulting Lender so long as such Lender shall be a Defaulting Lender. Such interest shall be payable on demand. 

(d) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and, in the case of Revolving Loans,
upon termination of the Revolving Commitments, provided that (i) interest accrued pursuant to paragraph (c) of this Section 2.13 shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan
(other than a prepayment of an ABR Revolving Loan prior to the end of the Revolving Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the
event of any conversion of any Eurodollar Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. 

  
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 (e) All interest hereunder shall be computed on the basis of a year of three hundred sixty
(360) days, except that interest computed by reference to the Alternate Base Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed
(including the first day but excluding the last day). The applicable Alternate Base Rate or Adjusted LIBO Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error. 

Section 2.14 Alternate Rate of Interest. If at least two Business Days prior to the commencement of any Interest Period for a
Eurodollar Borrowing (in each case with respect to the Loans impacted by clause (a) or clause (b) below, “Impacted Loans”): 

(a) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do
not exist for ascertaining the Adjusted LIBO Rate for such Interest Period; 
 (b) the Administrative Agent is advised by the Required
Lenders that the Adjusted LIBO Rate for such Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Borrowing for such Interest Period; or 

(c) the Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone or facsimile as promptly as practicable
thereafter and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any Borrowing to, or
continuation of any Borrowing as, a Eurodollar Borrowing shall be ineffective and (ii) if any Borrowing Request requests a Eurodollar Borrowing, then such Borrowing shall be made as an ABR Borrowing; provided, however, that, in
each case, the Borrower may revoke any Borrowing Request that is pending when such notice is received. 
 (d) Notwithstanding the foregoing,
if the Administrative Agent has made the determination described in clause (a) of this Section 2.14 and/or is advised by the Required Lenders of their determination in accordance with clause (b) of this Section 2.14 and the
Borrower shall so request, the Administrative Agent, the Required Lenders and the Borrower shall negotiate in good faith to amend the definition of “LIBO Rate” and other applicable provisions to preserve the original intent thereof in
light of such change; provided that, until so amended, such Impacted Loans will be handled as otherwise provided pursuant to the terms of this Section 2.14. 

Section 2.15 Increased Costs. 

(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 by, any Lender or any Issuing Bank (except any such reserve requirement reflected in the Adjusted LIBO Rate); or 

(ii) subject any Lender or any Issuing Bank to any Taxes (other than (A) Indemnified Taxes and (B) Excluded Taxes) on
its loans, loan principal, letters of credit commitments or Letters of Credit issued by it, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or 

  
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 (iii) impose on any Lender or any Issuing Bank or the London interbank market any
other condition, cost or expense affecting this Agreement or Eurodollar 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 or Issuing Bank of making, converting to, continuing or maintaining any Loan (or of maintaining its obligation to make any such Loan) or to increase the cost to such
Lender or Issuing Bank of participating in, issuing, amending or maintaining any Letter of Credit (or of maintaining its obligation to participate in or issue or amend any Letter of Credit) or to reduce the amount of any sum received or receivable
by such Lender or Issuing Bank hereunder (whether of principal, interest or otherwise), then, from time to time upon request of such Lender or Issuing Bank, the Borrower will pay to such Lender or Issuing Bank, as the case may be, such additional
amount or amounts as will compensate such Lender or Issuing Bank, as the case may be, for such increased costs actually incurred or reduction actually suffered. 

(b) If any Lender or Issuing Bank determines that any Change in Law regarding liquidity or capital requirements has the effect of reducing the
rate of return on such Lender’s or Issuing Bank’s liquidity or capital or on the liquidity or capital of such Lender’s or Issuing Bank’s holding company, if any, as a consequence of this Agreement or the Loans made by, or
participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or Issuing Bank or such Lender’s or Issuing Bank’s holding company could have achieved
but for such Change in Law (taking into consideration such Lender’s or Issuing Bank’s policies and the policies of such Lender’s or Issuing Bank’s holding company with respect to capital adequacy), then, from time to time upon
request of such Lender or Issuing Bank, the Borrower will pay to such Lender or Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or Issuing Bank or such Lender’s or Issuing Bank’s holding
company for any such reduction actually suffered; provided that to the extent any such costs or reductions are incurred by any Lender as a result of any requests, rules, guidelines or directives enacted or promulgated under the Dodd-Frank
Wall Street Reform and Consumer Protection Act of 2010 and Basel III after the Effective Date, then such Lender shall be compensated pursuant to this Section 2.15(b) only to the extent such Lender is imposing such charges on similarly situated
borrowers under the other syndicated credit facilities that such Lender is a lender under. Notwithstanding the foregoing, this paragraph will not apply to (A) Indemnified Taxes or Other Taxes or (B) Excluded Taxes. 

(c) A certificate of a Lender or an Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or Issuing Bank or its
holding company in reasonable detail, as the case may be, as specified in paragraph (a) or (b) of this Section delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender or Issuing Bank, as the
case may be, the amount shown as due on any such certificate within fifteen (15) days after receipt thereof. 
 (d) Failure or delay on
the part of any Lender or Issuing Bank to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s or Issuing Bank’s right to demand such compensation, provided that the Borrower shall not be
required to compensate a Lender or Issuing Bank pursuant to this Section for any increased costs incurred or reductions suffered more than 180 days prior to the date that such Lender or Issuing Bank, as the case may be, notifies the Borrower of the
Change in Law giving rise to such increased costs or reductions and of such Lender’s or Issuing Bank’s intention to claim compensation therefor; provided further that, if the Change in Law giving rise to such increased costs or
reductions is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. 

  
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 (e) Notwithstanding any other provision of this Section, no Lender or Issuing Bank shall demand
compensation for any increased cost or reduction pursuant to this Section 2.15 if it shall not at the time be the general policy or practice of such Lender or Issuing Bank to demand such compensation in similar circumstances under comparable
provisions of other credit agreements governing indebtedness of similarly situated borrowers. 
 Section 2.16 Break Funding
Payments. In the event of (a) the payment of any principal of any Eurodollar Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurodollar
Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Revolving Loan or Term Loan on the date specified in any notice delivered pursuant hereto (regardless of
whether such notice may be revoked under Section 2.11(f) and is revoked in accordance therewith) or (d) the assignment of any Eurodollar Loan other than on the last day of the Interest Period applicable thereto as a result of a request by
the Borrower pursuant to Section 2.19 or Section 9.02(c), then, in any such event, the Borrower shall, after receipt of a written request by any Lender affected by any such event (which request shall set forth in reasonable detail the
basis for requesting such amount), compensate each Lender for the loss, cost and expense attributable to such event. For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 2.16, each Lender shall be deemed
to have funded each Eurodollar Loan made by it at the Adjusted LIBO Rate for such Loan by a matching deposit or other borrowing in the applicable interbank eurodollar market for a comparable amount and for a comparable period, whether or not such
Eurodollar Loan was in fact so funded. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section 2.16 delivered to the Borrower shall be conclusive absent manifest error.
The Borrower shall pay such Lender the amount shown as due on any such certificate within fifteen (15) days after receipt of such demand. Notwithstanding the foregoing, this Section 2.16 will not apply to losses, costs or expenses
resulting from Taxes, as to which Section 2.17 shall govern. 
 Section 2.17 Taxes. 

(a) Except as required by applicable Requirements of Law, any and all payments by or on account of any obligation of any Loan Party under any
Loan Document shall be made free and clear of and without deduction or withholding for any Taxes, provided that if the applicable withholding agent shall be required by applicable Requirements of Law (as determined in the good faith discretion of
the applicable withholding agent) to deduct or withhold any Taxes from such payments, then (i) the applicable withholding agent shall make such deductions and withholdings, (ii) the applicable withholding agent shall timely pay the full
amount deducted to the relevant Governmental Authority in accordance with applicable Requirements of Law and (iii) if such Taxes are Indemnified Taxes, the amount payable by the applicable Loan Party shall be increased as necessary so that
after all required deductions and withholdings for Indemnified Taxes have been made (including deductions and withholdings applicable to additional amounts payable under this Section 2.17) the Administrative Agent or Lender (as the case may be)
receives an amount equal to the sum it would have received had no such deductions or withholdings been made. 
 (b) Without limiting the
provisions of paragraph (a) above and without duplication of any amounts payable pursuant to this Section 2.17, the Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with Requirements of Law, or
at the request of the Administrative Agent, timely reimburse it for the payment of any such Other Taxes. 
 (c) Without duplication of any
additional amounts paid under Section 2.17(a) or (b), the Borrower shall indemnify the Administrative Agent and each Lender within thirty (30) days after written demand therefor, for the full amount of any Indemnified Taxes paid or payable
by the 

  
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Administrative Agent or such Lender as the case may be, imposed or asserted on or with respect to any payment by or on account of any obligation of any Loan Party under, or otherwise with respect
to, any Loan Document or activities related thereto (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section), and any reasonable expenses arising therefrom or with respect thereto, whether or not
such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate of the amount of such payment or liability delivered to the Borrower by a Lender with a copy to the Administrative Agent, or
by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. 
 (d) Each Lender shall
severally indemnify the Administrative Agent, within ten (10) days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified the Administrative
Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 9.04 relating to the maintenance of a
Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with
respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be
conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender
from any other source against any amount due to the Administrative Agent under this paragraph (d). 
 (e) As soon as practicable after any
payment of Indemnified Taxes by a Loan Party to a Governmental Authority, the Borrower 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. 
 (f) Any Lender
that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document, at such times as are reasonably requested by the Borrower or the Administrative Agent, provide the Borrower and the
Administrative Agent with any properly completed and executed documentation prescribed by law, or reasonably requested by the Borrower or the Administrative Agent, certifying as to any entitlement of such Lender to an exemption from, or reduction
in, any withholding Tax with respect to any payments to be made to such Lender under the Loan Documents. In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed
by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting. Each
such Lender shall, whenever a lapse in time or change in circumstances renders such documentation expired, obsolete or inaccurate in any material respect, deliver promptly to the Borrower and the Administrative Agent updated or other appropriate
documentation (including any new documentation reasonably requested by the applicable withholding agent) or promptly notify the Borrower and the Administrative Agent of its inability to do so. Notwithstanding anything to the contrary in the
preceding three sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 2.17(f)(i), (f)(ii)(A), (f)(ii)(B), (f)(ii)(C), (f)(ii)(D) and (f)(iii) below) shall not be required
if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial portion of such Lender. 

  
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 Without limiting the generality of the foregoing: 

(i) Each Lender that is a United States person (as defined in Section 7701(a)(30) of the Code) shall deliver to the
Borrower and the Administrative Agent on or before the date on which it becomes a party to this Agreement two properly completed and duly signed copies of Internal Revenue Service Form W-9 (or any successor
form) certifying that such Lender is exempt from U.S. federal backup withholding. 
 (ii) Each Foreign Lender shall deliver
to the Borrower and the Administrative Agent on or before the date on which it becomes a party to this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent) whichever of the following is
applicable: 
 (A) two properly completed and duly signed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E (or any successor forms) claiming eligibility for benefits of an income tax treaty to which the United States of
America is a party and such other documentation as required under the Code, 
 (B) two properly completed and duly signed
copies of Internal Revenue Service Form W-8ECI (or any successor forms), 
 (C) in
the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 871(h) or Section 881(c) of the Code, (x) two properly completed and duly signed certificates, substantially in the form of the
applicable form provided in Exhibit H (any such certificate a “United States Tax Compliance Certificate”), and (y) two properly completed and duly signed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E (or any successor forms), 

(D) to the extent a Foreign Lender is not the beneficial owner, two properly completed and duly signed copies of Internal
Revenue Service Form W-8IMY (or any successor forms) of the Foreign Lender, accompanied by Internal Revenue Service Form W-8ECI,
W-8BEN, W-8BEN-E, the applicable United States Tax Compliance Certificate, Form W-9,
Internal Revenue Service Form W-8IMY (or other successor forms) or any other required information from each beneficial owner (provided that, if the Foreign Lender is a partnership and one or more direct
or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, the United States Tax Compliance Certificate may be provided by such Foreign Lender on behalf of such partner(s)), or 

(E) any other form prescribed by applicable Requirements of Law as a basis for claiming exemption from or a reduction in U.S.
federal withholding tax, duly completed, together with such supplementary documentation as may be prescribed by applicable Requirements of Law to permit the Borrower and the Administrative Agent to determine the withholding or deduction required to
be made. 
 (iii) Each Lender or Administrative Agent shall deliver to the Borrower and the Administrative Agent at the time
or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such
additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and, if necessary, to determine the amount to
deduct and withhold from such payment. For the purposes of this clause (iii), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

  
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 (iv) Any successor or supplemental Administrative Agent that is not a
United States person under Section 7701(a)(30) of the Code, shall deliver to the Borrower two duly completed copies of Internal Revenue Service Form W-8IMY certifying that it is a “U.S.
branch” and that the payments it receives for the account of others are not effectively connected with the conduct of a trade or business in the United States and that it is using such form as evidence of its agreement with the Borrower to
be treated as a United States person with respect to such payments (and the Borrower and the Administrative Agent agree to so treat the Administrative Agent as a United States person with respect to such payments as contemplated by
Treasury Regulation Section 1.1441-1(b)(2)(iv)(A)), with the effect that the Borrower can make payments to the Administrative Agent without deduction or withholding of any U.S. federal withholding Taxes.

 Notwithstanding any other provision of this clause (f), a Lender shall not be required to deliver any form that such Lender is not
legally eligible to deliver. 
 (g) If the Administrative Agent or a Lender determines, in its sole discretion exercised in good faith, that
it has received a refund of any Indemnified Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this Section 2.17, it shall pay over such refund to the Borrower
(but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section 2.17 with respect to the Indemnified Taxes giving rise to such refund), net of all reasonable out-of-pocket expenses (including Taxes) of the Administrative Agent or such Lender and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund),
provided that the Borrower, upon the request of the Administrative Agent or such Lender, agrees promptly to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental
Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (g), in no event
will the Administrative Agent or such Lender be required to pay any amount to the Borrower pursuant to this paragraph (g) the payment of which would place the Administrative Agent or such Lender in a less favorable net after-Tax position than the Administrative Agent or such Lender would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the
indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require the Administrative Agent or any Lender to make available its Tax returns (or any other information relating
to Taxes which it deems confidential) to any Loan Party or any other person. 
 (h) The agreements in this Section 2.17 shall survive
the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder. 
 (i) For purposes of this
Section 2.17, the term “Lender” shall include any Issuing Bank. 
 Section 2.18 Payments Generally; Pro Rata
Treatment; Sharing of Setoffs. 
 (a) The Borrower shall make each payment required to be made by it under any Loan Document (whether of
principal, interest, fees, closing payments or reimbursement of LC Disbursements, or of amounts payable under Section 2.15, or 2.17, or otherwise) prior to the time expressly required 

  
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hereunder or under such other Loan Document for such payment (or, if no such time is expressly required, prior to 2:00 p.m., New York City time), on the date when due, in immediately available
funds, without condition or deduction for any counterclaim, recoupment or setoff. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business
Day for purposes of calculating interest thereon. All such payments shall be made to such account as may be specified by the Administrative Agent, except payments to be made directly to any Issuing Bank shall be made as expressly provided herein and
except that payments pursuant to Sections 2.15, 2.16, 2.17 and 9.03 shall be made directly to the Persons entitled thereto and payments pursuant to other Loan Documents shall be made to the Persons specified therein. The Administrative Agent shall
distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. Except as otherwise provided herein, if any payment under any Loan Document shall be due on a day that
is not a Business Day, the date for payment shall be extended to the next succeeding Business Day. If any payment on a Eurodollar Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next
succeeding Business Day unless the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day. In the case of any payment of principal
pursuant to the preceding two sentences, interest thereon shall be payable at the then applicable rate for the period of such extension. All payments or prepayments of any Loan shall be made in dollars, all reimbursements of any LC Disbursements
shall be made in dollars, all payments of accrued interest payable on a Loan or LC Disbursement shall be made in dollars, and all other payments under each Loan Document shall be made in dollars. 

(b) If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal,
unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the
amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal and unreimbursed LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of
principal and unreimbursed LC Disbursements then due to such parties. 
 (c) 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 Revolving Loans, Term Loans or participations in LC Disbursements resulting in such Lender receiving payment of a greater proportion of the aggregate
amount of its Revolving Loans, Term Loans and participations in LC Disbursements and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value)
participations in the Revolving Loans, Term Loans and participations in LC Disbursements of other Lenders to the extent necessary 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 Revolving Loans, Term Loans and participations in LC Disbursements; 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 paragraph shall not be construed to apply to (A) any payment made
by the Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender), (B) 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 LC Disbursements to any assignee or participant or (C) any disproportionate payment obtained by a Lender of any Class as a result of the extension by Lenders
of the maturity date or expiration date of some but not all Loans or Revolving Commitments of that Class or any increase in the Applicable Rate in respect of Loans of Lenders that have consented to any such extension. The Borrower consents to
the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of setoff and counterclaim with respect
to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. 

  
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 (d) Unless the Administrative Agent shall have received notice from the Borrower prior to the
date on which any payment is due to the Administrative Agent for the account of the Lenders or the Issuing Banks hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on
such date in accordance herewith and may, in reliance upon such assumption and in its sole discretion, distribute to the Lenders or Issuing Banks, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment,
then each of the Lenders or Issuing Banks, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank with interest thereon, for each day from and including
the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry
rules on interbank compensation. 
 Section 2.19 Mitigation Obligations; Replacement of Lenders. 

(a) If any Lender requests compensation under Section 2.15, or if the Borrower is 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 any event gives rise to the operation of Section 2.23, then such Lender shall use reasonable efforts to designate a different lending office for funding
or booking its Loans hereunder or its participation in any Letter of Credit affected by such event, or to assign and delegate its rights and obligations hereunder to another of its offices, branches or Affiliates, if, in the judgment of such Lender,
such designation or assignment and delegation (i) would eliminate or reduce amounts payable pursuant to Section 2.15 or Section 2.17 or mitigate the applicability of Section 2.23, as the case may be, and (ii) would not
subject such Lender to any unreimbursed cost or expense reasonably deemed by such Lender to be material and would not be inconsistent with the internal policies of, or otherwise be disadvantageous in any material economic, legal or regulatory
respect to, such Lender. 
 (b) If (i) any Lender requests compensation under Section 2.15 or gives notice under Section 2.23,
(ii) the Borrower is required to pay any additional amount to any Lender or to any Governmental Authority for the account of any Lender pursuant to Section 2.17 or (iii) any Lender is a Defaulting Lender, then the Borrower may, at its sole
expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 9.04), all its interests, rights
and obligations under this Agreement and the other Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment and delegation); provided that
(A) the Borrower shall have received the prior written consent of the Administrative Agent to the extent such consent would be required under Section 9.04(b) for an assignment of Loans or Commitments, as applicable (and if a Revolving
Commitment is being assigned and delegated, each Issuing Bank), which consents, in each case, shall not unreasonably be withheld or delayed, (B) such Lender shall have received payment of an amount equal to the outstanding principal of its
Loans and unreimbursed participations in LC Disbursements, accrued but unpaid interest thereon, accrued but unpaid fees and all other amounts payable to it hereunder from the assignee (to the extent of such outstanding principal and accrued interest
and fees) or the Borrower (in the case of all other amounts), (C) the Borrower or such assignee shall have paid (unless waived) to the Administrative Agent the processing and recordation fee specified in Section 9.04(b)(ii) and (D) in the
case of any such assignment resulting from a claim for compensation under Section 2.15, or payments required to be made pursuant to Section 2.17 or a notice given under Section 2.23, such assignment will result in a material reduction
in such compensation or payments. A Lender shall not be 

  
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required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise (including as a result of any action taken by such Lender under
paragraph (a) above), the circumstances entitling the Borrower to require such assignment and delegation cease to apply. Each Lender hereby irrevocably appoints the Administrative Agent (such appointment being coupled with an interest) as such
Lender’s attorney-in-fact, with full authority in the place and stead of such Lender and in the name of such Lender, from time to time in the Administrative
Agent’s discretion, with prior written notice to such Lender, to take any action and to execute any such Assignment and Assumption or other instrument that the Administrative Agent may deem reasonably necessary to carry out the provisions of
this clause (b). 
 Section 2.20 Incremental Credit Extensions. 

(a) At any time and from time to time after the Effective Date, subject to the terms and conditions set forth herein, the Borrower may, by
notice to the Administrative Agent (whereupon the Administrative Agent shall promptly make available to each of the Lenders request (i) one or more additional tranches of term loans (an “Incremental Term Facility”) and/or
increase the principal amount of the Term Loans by requesting new term loan commitments to be added to such Loans (an “Incremental Term Increase”, and together with any Incremental Term Facility, the “Incremental Term
Loans”) or (ii) one or more increases in the amount of the Revolving Commitments of any tranche (each such increase, an “Incremental Revolving Commitment Increase”, together with the Incremental Term Loans the
“Incremental Facilities”); provided that, (i) conditions to entering into or the making of Incremental Term Loan or Incremental Revolving Commitment Increase, including as to the timing of any such condition (as between
being made upon execution of an Incremental Facility Amendment (as defined below) or upon the making of any loans thereunder) shall be as agreed to between the Borrower and the relevant Additional Lenders (including the scope of any representations
and warranties to be made) and (ii) after giving effect to the effectiveness of any Incremental Facility Amendment referred to below and at the time that any such Incremental Term Loan or Incremental Revolving Commitment Increase is made or
effected, no Default or Event of Default shall have occurred and be continuing (provided that, solely with respect to any Incremental Facilities incurred in connection with a Limited Condition Acquisition, no Default or Event of Default shall
exist at the time of execution of the definitive documentation for such Limited Condition Acquisition). Notwithstanding anything to contrary herein, the aggregate principal amount of the Incremental Facilities that can be incurred at any time shall
not exceed the Incremental Cap at such time. Each Incremental Facility shall be in a minimum principal amount of $5,000,000 and integral multiples of $100,000 in excess thereof (unless the Borrower and the Administrative Agent otherwise agree);
provided that such amount may be less than $5,000,000 if such amount represents all the remaining availability under the aggregate principal amount of Incremental Facilities set forth above. 

(b) The Incremental Term Loans (i) shall rank equal or subordinate in right of payment with the Term Loans, shall be secured only by the
Collateral securing the Secured Obligations and shall only be guaranteed by the Loan Parties (or a subset thereof); provided, that such Incremental Term Loans may be secured by assets other than the Collateral or guaranteed by a Subsidiary
other than the Guarantors, so long as such assets are contemporaneously included as Collateral and such Subsidiary contemporaneously becomes a Guarantor or a Domestic Regulated Subsidiary, (ii) shall not mature earlier than the Latest Maturity
Date or, in the case of any such Indebtedness that is unsecured or is secured on a junior lien basis to the Term Facility, at least 91 days following the Latest Maturity Date, (iii) shall not have a shorter Weighted Average Life to Maturity
than the remaining Term Loans (without giving effect to any prepayments), (iv) shall have an amortization schedule (subject to clauses (ii) and (iii)), and interest rates (including through fixed interest rates), interest margins, rate floors,
upfront fees, funding discounts, original issue discounts and prepayment terms and premiums for the Incremental Term Loans as determined by the Borrower and the lenders of the Incremental Term Loans; provided that in the event that

  
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the All-In Yield for any Incremental Term Loans incurred after the Effective Date that are pari passu in right of payment and with respect to
security with the Term Loans incurred on the Effective Date is greater than the All-In Yield for the Term Loans by more than 0.50% per annum, then the All-In Yield for
the Term Loans shall be increased to the extent necessary so that the All-In Yield for the Term Loans are equal to the All-In Yield for the Incremental Term Loans minus
0.50% per annum (provided that the “LIBOR floor” or the “ABR Floor” applicable to the outstanding Term Loans shall be increased to an amount not to exceed the “LIBOR floor” or “ABR Floor” applicable to
such Incremental Term Loans prior to any increase in the Applicable Rate applicable to such Term Loans then outstanding) (“MFN Adjustment”), (v) to the extent applicable, the Administrative Agent, acting on behalf of the holders of
such Indebtedness shall be or shall have become party to an intercreditor or subordination agreement reasonably satisfactory to the Administrative Agent, (vi) all terms and documentation with respect to any Incremental Facility shall be no more
restrictive than the terms applicable to the existing Term Facility, as applicable unless such terms are (1) applicable after the Term Maturity Date of the then existing Term Facility or (2) offered to the existing Lenders for inclusion in
the Loan Documents (but excluding any terms applicable after the Latest Maturity Date of the then existing Term Facility). In the case of an Incremental Term Loan that is pari passu in right of payment and right of security with the existing
Term Loans, such Incremental Term Loans may provide for the ability to participate on a pro rata basis, or on less than pro rata basis (but not on a greater than pro rata basis) in any voluntary or mandatory prepayments of Term Loans hereunder, as
specified in the applicable Incremental Facility Amendment. 
 (c) The Incremental Revolving Commitment Increase shall be treated the same as
the Class of Revolving Commitments being increased (including with respect to maturity date thereof) and shall be considered to be part of the Class of Revolving Loans being increased. The Incremental Term Increase shall be treated the
same as the Class of Term Loans being increased (including with respect to maturity date thereof) and shall be considered to be part of the Class of Term Loans being increased. Any Incremental Revolving Commitment Increase and any
Incremental Term Increase shall be on the same terms and subject to the same documentation as the Class of Revolving Loans or Class of Term Loans, as applicable, being increased. 

(d) Any Incremental Revolving Commitment Increase shall be documented solely as an increase to the Commitments with respect to the Revolving
Credit Facility and shall have terms and conditions identical to those of the Revolving Credit Facility. 
 (e) Each notice from the Borrower
pursuant to this Section shall be given in writing and shall set forth the requested amount and proposed terms of the relevant Incremental Term Loans or Incremental Revolving Commitment Increases. 

(f) Commitments in respect of Incremental Term Loans and Incremental Revolving Commitment Increases pursuant to this Agreement shall become
Commitments (or in the case of an Incremental Revolving Commitment Increase to be provided by an existing Lender with a Revolving Commitment, an increase in such Lender’s applicable Revolving Commitment) under this Agreement pursuant to an
amendment (an “Incremental Facility Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by the Borrower, each Lender agreeing to provide such Commitment, if any, each Additional Lender, if any, and
the Administrative Agent. An Incremental Facility may be provided, subject to the prior written consent of the Borrower (not to be unreasonably withheld), by any existing Lender (it being understood that no existing Lender shall have the right to
participate in any Incremental Facilities or, unless it agrees, be obligated to provide any Incremental Facilities) or by any Additional Lender. Incremental Term Loans and loans under Incremental Revolving Commitment Increases pursuant to this
Agreement shall be a “Loan” for all purposes of this Agreement and the other Loan Documents. The Incremental Facility Amendment may, subject to Section 2.14(c), without the 

  
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consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary, in the reasonable opinion of the Administrative Agent and the Borrower, to
effect the provisions of this Section 2.20 (including, in connection with an Incremental Revolving Commitment Increase, to reallocate Revolving Exposure on a pro rata basis among the relevant Revolving Lenders), including, without limitation,
any amendments and/or supplements to the documents delivered to satisfy the Collateral and Guarantee Requirement (including, without limitation, amendments to the Mortgages). The effectiveness of any Incremental Facility Amendment and the occurrence
of any credit event (including the making (but not the conversion or continuation) of a Loan and the issuance, increase in the amount, or extension of a Letter of Credit thereunder) pursuant to such Incremental Facility Amendment shall be subject to
the satisfaction of such conditions as the parties thereto shall agree. The Borrower will use the proceeds of the Incremental Term Loans and Incremental Revolving Commitment Increases for any purpose not prohibited by this Agreement. 

(g) This Section 2.20 shall supersede any provisions in Section 2.18 or Section 9.02 to the contrary. 

Section 2.21 Refinancing Amendments; Maturity Extension. 

(a) At any time after the Effective Date, the Borrower may obtain, from any Lender or any Additional Lender, Credit Agreement Refinancing
Indebtedness in respect of (a) all or any portion of the Term Loans then outstanding under this Agreement (which for purposes of this clause (a) will be deemed to include any then outstanding Other Term Loans) or (b) all or any
portion of the Revolving Loans (or unused Revolving Commitments) under this Agreement (which for purposes of this clause (b) will be deemed to include any then outstanding Other Revolving Loans and Other Revolving Commitments), in the form of
(x) Other Term Loans or Other Term Commitments or (y) Other Revolving Loans or Other Revolving Commitments, as the case may be, in each case pursuant to a Refinancing Amendment. Each Class of Credit Agreement Refinancing Indebtedness
incurred under this Section 2.21 shall be in an aggregate principal amount that is (x) not less than $25,000,000 in the case of Other Term Loans or $10,000,000 in the case of Other Revolving Loans and (y) an integral multiple of
$1,000,000 in excess thereof (unless such amount represents the total outstanding amount of the Refinanced Debt). Any Refinancing Amendment may provide for the issuance of Letters of Credit for the account of the Borrower pursuant to any Other
Revolving Commitments established thereby, in each case on terms substantially equivalent to the terms applicable to Letters of Credit under the Revolving Commitments. The Administrative Agent shall promptly notify each Lender as to the
effectiveness of each Refinancing Amendment. Each of the parties hereto hereby agrees that, upon the effectiveness of any Refinancing Amendment, this Agreement shall be deemed amended to the extent (but only to the extent) necessary to reflect the
existence and terms of the Credit Agreement Refinancing Indebtedness incurred pursuant thereto (including any amendments necessary to treat the Loans and Commitments subject thereto as Other Term Loans, Other Revolving Loans, Other Revolving
Commitments and/or Other Term Commitments). Any Refinancing Amendment may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion
of the Administrative Agent and the Borrower, to effect the provisions of this Section, including, without limitation, any amendments and/or supplements to the documents delivered to satisfy the Collateral and Guarantee Requirement (including,
without limitation, amendments to the Mortgages); provided that, for the avoidance of doubt, no such Refinancing Amendment shall amend, modify or otherwise affect the rights or duties of any Issuing Bank without the prior written consent of
such Issuing Bank. In addition, if so provided in the relevant Refinancing Amendment and with the consent of each Issuing Bank, participations in Letters of Credit expiring on or after the Revolving Maturity Date shall be reallocated from Lenders
holding Revolving Commitments to Lenders holding extended revolving commitments in accordance with the terms of such Refinancing Amendment; provided, however, that such participation interests shall, upon receipt thereof by the
relevant Lenders holding Revolving Commitments, be deemed to be participation interests in respect of such Revolving Commitments and the terms of such participation interests (including, without limitation, the commission applicable thereto) shall
be adjusted accordingly. 

  
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 (b) At any time after the Effective Date, the Borrower and any Lender may agree, by notice to the
Administrative Agent (such notice, an “Extension Notice”), to extend the maturity date of such Lender’s Revolving Commitment and/or Term Loans to the extended maturity date stated in such Extension Notice. 

(c) This Section 2.21 shall supersede any provisions in Section 2.18 or Section 9.02 to the contrary. 

Section 2.22 Defaulting Lenders. 

(a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then,
until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 
 (i) Waivers
and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definition of “Required Lenders”, the definition of
“Required Revolving Lenders” and Section 9.02. 
 (ii) Reallocation of Payments. Subject to the last
sentence of Section 2.11(f), any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VII or
otherwise, and including any amounts made available to the Administrative Agent by that Defaulting Lender pursuant to Section 9.08), shall be applied at such time or times as may be determined by the Administrative Agent as follows:
first, to the payment of any amounts owing by that Defaulting Lender to the Administrative Agent hereunder; second, in the case of a Revolving Lender, to the payment on a pro rata basis of any amounts owing by that Defaulting Lender to
each Issuing Bank or Swing Line Lender hereunder; third, to cash collateralize the Defaulting Lender Fronting Exposure of each Issuing Bank; fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the
funding of any Loan in respect of which that Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, in the case of a Revolving Lender, if so determined by the
Administrative Agent and the Borrower, to be held in a non-interest bearing deposit account and released in order to satisfy obligations of that Defaulting Lender to fund Loans under this Agreement;
sixth, to the payment of any amounts owing to the Lenders, Swing Line Lender or the Issuing Banks as a result of any judgment of a court of competent jurisdiction obtained by any Lender, Swing Line Lender or such Issuing Bank against that
Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower as a result of any
judgment of a court of competent jurisdiction obtained by the Borrower against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to that Defaulting Lender or as
otherwise directed by a court of competent jurisdiction; provided that if such payment is a payment of the principal amount of any relevant Loans, Swing Line Loans or LC Disbursements and such Lender is a Defaulting Lender under clause
(a) of the definition thereof, such payment shall be applied solely to pay the Loans and Swing Line Loans of, and LC Disbursements owed to, the relevant non-Defaulting Lenders on a pro rata basis prior to

  
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being applied pursuant to Section 2.05(j). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting
Lender or to post cash collateral pursuant to Section 2.05(j) shall be deemed paid to and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii) Certain Fees. That Defaulting Lender (x) shall not be entitled to receive or accrue any commitment fee
pursuant to Section 2.12(a) for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender) and
(y) shall be limited in its right to receive letter of credit fees as provided in Section 2.12(b). 
 (iv)
Reallocation of Applicable Percentages to Reduce Fronting Exposure. During any period in which there is a Defaulting Lender, for purposes of computing the amount of the obligation of each non-Defaulting
Lender to acquire, refinance or fund participations in Letters of Credit pursuant to Section 2.05 or Swing Line Loans and the payments of participation fees pursuant to Section 2.12(b), the “Applicable Percentage” of each non-Defaulting Lender shall be computed without giving effect to the Revolving Commitment of that Defaulting Lender; provided that the aggregate obligation of each
non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit shall not exceed the positive difference, if any, of (1) the Revolving Commitment of that non-Defaulting Lender minus (2) the aggregate principal amount of the Revolving Loans of that non-Defaulting Lender. No reallocation hereunder shall constitute a
waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a non-Defaulting Lender as a result of such non-Defaulting Lender’s increased exposure following such reallocation. 
 (b) Cash Collateral.
If the reallocation described in Section 2.22(a)(iv) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under applicable law, cash collateralize the
Issuing Banks’ Defaulting Lender Fronting Exposure in accordance with the procedures set forth in Section 2.05. 
 (c)
Defaulting Lender Cure. If the Borrower, the Administrative Agent and each Issuing Bank agree in writing in their sole discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so
notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any cash collateral), such Lender will, to the extent applicable,
purchase that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit and Swing Line Loans
to be held on a pro rata basis by the Lenders in accordance with their Applicable Percentages (without giving effect to Section 2.22(a)(iv)), whereupon that Lender will cease to be a Defaulting Lender; provided that no adjustments will
be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected
parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

Section 2.23 Illegality. If any Lender determines that any law has made it unlawful, or that any Governmental Authority has
asserted that it is unlawful, for any Lender to make, maintain or fund Loans whose interest is determined by reference to the Adjusted LIBO Rate, or to determine or charge interest rates based upon the Adjusted LIBO Rate, then, on notice thereof by
such Lender to the Borrower through the Administrative Agent, any obligation of such Lender to make or continue Eurodollar Loans or 

  
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to convert ABR Loans to Eurodollar Loans shall be suspended until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer
exist. Upon receipt of such notice, (x) the Borrower shall, upon three Business Days’ notice from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all Eurodollar Loans of such Lender to ABR Loans
either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurodollar Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Loans, and (y) if
such notice asserts the illegality of such Lender determining or charging interest rates based upon the Adjusted LIBO Rate, the Administrative Agent shall during the period of such suspension compute the Alternate Base Rate applicable to such Lender
without reference to the Adjusted LIBO Rate component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon the Adjusted LIBO Rate.
Each Lender agrees to notify the Administrative Agent and the Borrower in writing promptly upon becoming aware that it is no longer illegal for such Lender to determine or charge interest rates based upon the Adjusted LIBO Rate. Upon any such
prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted. 
 Section 2.24 Swing
Line Loans 
 (a) Swing Line Loans Commitments. During the Revolving Availability Period, subject to the terms and conditions
hereof, the Swing Line Lender agrees to make Swing Line Loans to the Borrower in the aggregate amount up to but not exceeding the Swing Line Sublimit; provided that after giving effect to the making of any Swing Line Loan, in no event shall
the Revolving Exposures exceed the Revolving Commitments then in effect. Amounts borrowed pursuant to this Section 2.24 may be repaid and reborrowed during the Revolving Availability Period. The Swing Line Lender’s Commitment to make Swing
Line Loans shall expire on the Revolving Maturity Date and all Swing Line Loans and all other amounts owed hereunder with respect to the Swing Line Loans shall be paid in full no later than such date. 

(b) Borrowing Mechanics for Swing Line Loans. 

(i) Swing Line Loans shall be made in an aggregate minimum amount of $500,000 and integral multiples of $100,000 in excess of
that amount. 
 (ii) To request the making of a Swing Line Loan hereunder, the Borrower shall notify the Swing Line Lender of
such request in writing by delivery (which may be by facsimile) of a Borrower Notice signed by the Borrower not later than 1:00 p.m. (New York City time) on the date of the proposed Borrowing. 

(iii) The Swing Line Lender shall make the amount of its Swing Line Loan available to the Borrower not later than 2:00 p.m.
(New York City time) on the date specified in the relevant Borrower Notice by wire transfer of same day funds to be credited to the account of the Borrower at the principal office designated by the Administrative Agent or such other account as may
be designated in writing to the Swing Line Lender by the Borrower. 
 (iv) The Swing Line Lender may at any time in its sole
and absolute discretion, deliver to the Administrative Agent (with a copy to the Borrower) at least one Business Day in advance of the proposed Borrowing, a notice (which shall be deemed to be a Borrower Notice given by the Borrower) requesting that
each Lender holding a Revolving Commitment make Revolving Loans that are ABR Loans to the Borrower on the date of such Borrowing in an amount equal to the amount of such Swing Line Loans (the “Refunded Swing Line Loans”) outstanding
on the date such notice is given which the Swing Line Lender requests Lenders to prepay. Anything contained 

  
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in this Agreement to the contrary notwithstanding, (A) the proceeds of such Revolving Loans made by the Lenders other than the Swing Line Lender shall be immediately delivered to the Swing
Line Lender (and not to the Borrower) and applied to repay a corresponding portion of the Refunded Swing Line Loans and (B) if the Swing Line Lender is a Revolving Lender, on the day such Revolving Loans are made, the Swing Line Lender’s
pro rata share of the Refunded Swing Line Loans shall be deemed to be paid with the proceeds of a Revolving Loan made by the Swing Line Lender to the Borrower, and such portion of the Swing Line Loans deemed to be so paid shall no longer be
outstanding as Swing Line Loans but shall instead constitute part of the Swing Line Lender’s outstanding Revolving Loans to the Borrower. The Borrower hereby authorizes the Swing Line Lender to charge the Borrower’s accounts with the Swing
Line Lender (up to the amount available in each such account) in order to immediately pay the Swing Line Lender the amount of the Refunded Swing Line Loans to the extent the proceeds of such Revolving Loans made by the Lenders, including the
Revolving Loans deemed to be made by the Swing Line Lender, are not sufficient to repay in full the Refunded Swing Line Loans. If any portion of any such amount paid (or deemed to be paid) to the Swing Line Lender should be recovered by or on behalf
of the Borrower from the Swing Line Lender in bankruptcy or insolvency, by assignment for the benefit of creditors or otherwise, the loss of the amount so recovered shall be ratably shared among all Lenders. 

(v) If for any reason Revolving Loans are not made pursuant to Section 2.24(b)(iv) in an amount sufficient to repay any
amounts owed to the Swing Line Lender in respect of any outstanding Swing Line Loans on or before the third Business Day after demand for payment thereof by the Swing Line Lender, each Lender holding a Revolving Commitment shall be deemed to, and
hereby agrees to, have purchased a participation in such outstanding Swing Line Loans, and in an amount equal to its pro rata share of the applicable unpaid amount together with accrued interest thereon. Upon one Business Days’ notice from the
Swing Line Lender, each Lender holding a Revolving Commitment shall deliver to the Swing Line Lender an amount equal to its respective participation in the applicable unpaid amount in same day funds at the principal office of the Swing Line Lender.
In order to evidence such participation each Lender holding a Revolving Commitment agrees to enter into a participation agreement at the request of the Swing Line Lender in form and substance reasonably satisfactory to the Swing Line Lender. In the
event any Lender holding a Revolving Commitment fails to make available to the Swing Line Lender the amount of such Lender’s participation as provided in this paragraph, the Swing Line Lender shall be entitled to recover such amount on demand
from such Lender together with interest thereon at the rate customarily used by the Swing Line Lender for the correction of errors among banks and thereafter at the Alternate Base Rate, as applicable. A certificate of the Swing Line Lender submitted
to any Lender with respect to amounts owing under this Section 2.24(b)(v) shall be conclusive absent manifest error. No funding of risk participations hereunder shall relieve or otherwise impair the obligation of the Borrower to repay Swing
Line Loans, together with interest, as provided for in this Agreement. 
 (vi) Notwithstanding anything contained herein to
the contrary, (A) each Lender’s obligation to make Revolving Loans for the purpose of repaying any Refunded Swing Line Loans pursuant to Section 2.24(b)(iv) and each Lender’s obligation to purchase a participation in any unpaid
Swing Line Loans pursuant to Section 2.24(b)(v) shall be absolute and unconditional and shall not be affected by any circumstance, including (v) any set-off, counterclaim, recoupment, defense or
other right which such Lender may have against the Swing Line Lender, any Loan Party or any other Person for any reason whatsoever; (w) the occurrence or continuation of a Default or Event of Default; (x) any adverse change in the
business, operations, properties, assets, condition (financial or otherwise) or prospects of any Loan Party; (y) any breach of this Agreement or any 

  
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other Loan Document by any party thereto; or (z) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing; provided that such obligations of each
Lender to make Revolving Loans hereunder (but not to purchase and fund risk participations in Swing Line Loans pursuant Section 2.24(b)(iii) above) are subject to the condition that the Swing Line Lender had not received prior notice from the
Borrower or the Required Lenders that any of the conditions under Section 4.02 to the making of the applicable Refunded Swing Line Loans or other unpaid Swing Line Loans, were not satisfied at the time such Refunded Swing Line Loans or unpaid
Swing Line Loans were made; and (B) the Swing Line Lender shall not be obligated to make any Swing Line Loans (x) if it has elected not to do so after the occurrence and during the continuation of a Default or Event of Default or
(y) at a time when any Lender is a Defaulting Lender unless the participations therein have been reallocated in the manner specified in Section 2.22(a)(iv) above or, if not so reallocated, the Swing Line Lender has entered into
arrangements reasonably satisfactory to it and the Borrower to eliminate the Swing Line Lender’s risk with respect to the Defaulting Lender’s participation in such Swing Line Loan, including by cash collateralizing such Defaulting
Lender’s pro rata share of the outstanding Swing Line Loans. 
 (c) Resignation and Removal of Swing Line Lender. So long
as a replacement Swing Line Lender reasonably acceptable to the Borrower has been identified and has agreed to assume the responsibilities of the Swing Line Lender, the Swing Line Lender may resign as the Swing Line Lender upon thirty (30) days
prior written notice to the Administrative Agent, the Lenders and the Borrower. The Swing Line Lender may be replaced at any time by written agreement among the Borrower, the Administrative Agent, the replaced Swing Line Lender (provided that no
consent of the replaced Swing Line Lender will be required if the replaced Swing Line Lender is a Defaulting Lender or has no Swing Line Loans outstanding or such Swing Line Loans will be prepaid on the effective date of such removal) and the
successor Swing Line Lender. The Administrative Agent shall notify the Lenders of any such replacement of the Swing Line Lender. At the time any such replacement or resignation shall become effective, the Borrower shall prepay any outstanding Swing
Line Loans made by the resigning or removed Swing Line Lender. From and after the effective date of any such replacement or resignation, (A) any successor Swing Line Lender shall have all the rights and obligations of a Swing Line Lender under
this Agreement with respect to Swing Line Loans made thereafter and (B) references herein to the term “Swing Line Lender” shall be deemed to refer to such successor or to any previous Swing Line Lender, or to such successor and all
previous Swing Line Lenders, as the context shall require. 
 ARTICLE III 

REPRESENTATIONS AND WARRANTIES 

The Borrower represents and warrants to the Lenders and the Issuing Banks as of the Effective Date (and after giving effect to the
Transactions) and, to the extent required pursuant to Section 4.02 hereof, as of the date of each other borrowing permitted hereunder and as of the date of each request for the issuance, amendment to increase the face amount, or extension of
the expiry date of any Letter of Credit, that: 
 Section 3.01 Organization; Powers. Each of the Borrower and the Restricted
Subsidiaries is duly organized, validly existing and in good standing (to the extent such concept exists in the relevant jurisdictions) under the laws of the jurisdiction of its organization, has the corporate or other organizational power and
authority to carry on its business as now conducted and as proposed to be conducted and to execute, deliver and perform its obligations under each Loan Document to which it is a party and to effect the Financing Transactions and, except where the
failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required. 

  
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 Section 3.02 Authorization; Enforceability. The Financing Transactions to be entered
into by each Loan Party have been duly authorized by all necessary corporate or other action. This Agreement has been duly executed and delivered by the Borrower and each other Loan Document to which any Loan Party is to be a party, when executed
and delivered by such Loan Party, will be duly executed and delivered by such Loan Party. This Agreement constitutes, and each other Loan Document to which any Loan Party is to be a party, when executed and delivered by such Loan Party, will
constitute, a legal, valid and binding obligation of the Borrower or such Loan Party, as the case may be, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws
affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

Section 3.03 Governmental Approvals; No Conflicts. The Financing Transactions (a) do not require any consent or approval of,
registration or filing with, or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force and effect and except filings necessary to perfect Liens created under the Loan Documents, (b) will
not violate (i) the Organizational Documents of, or (ii) any Requirements of Law applicable to, the Borrower or any Restricted Subsidiary, (c) will not violate or result in a default under any indenture or other agreement or
instrument binding upon the Borrower or any Restricted Subsidiary or their respective assets, or give rise to a right thereunder to require any payment, repurchase or redemption to be made by the Borrower or any Restricted Subsidiary, or give rise
to a right of, or result in, termination, cancellation or acceleration of any obligation thereunder or (d) will not result in the creation or imposition of any Lien on any asset of the Borrower or any Restricted Subsidiary, except Liens created
under the Loan Documents, except (in the case of each of clauses (a), (b)(ii) and (c)) to the extent that the failure to obtain or make such consent, approval, registration, filing or action, or such violation, default or right, as the case may
be, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 
 Section 3.04 Financial
Condition; No Material Adverse Effect. 
 (a) The audited financial statements referenced in Sections 4.01(h) and 5.01(a) fairly present
in all material respects the financial condition of the Borrower and its Subsidiaries on a consolidated basis as of the respective dates thereof and their results of operations on a consolidated basis for the period covered thereby in accordance
with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein. 
 (b) The unaudited
consolidated balance sheet of the Borrower and its Subsidiaries referenced in Sections 4.01(h) and 5.01(b) and the related consolidated statements of income, shareholders’ equity and cash flows for the fiscal period ended on that date
(i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein, and (ii) fairly present the financial condition of the Borrower and its Subsidiaries as of
the date thereof and their results of operations for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal year-end audit adjustments. 

(c) The Borrower has heretofore furnished to the Lead Arranger the unaudited pro forma condensed balance sheet as of June 30, 2017 of the
Borrower and its Subsidiaries and the unaudited pro forma condensed statements of income for the year ended December 31, 2016 and the six months ended June 30, 2017 of the Borrower and its Subsidiaries included in the Schedule TO (such pro
forma balance sheet and statement of income, the “Pro Forma Financial Statements”), which have been prepared giving 

  
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effect to the Transactions as if such transactions had occurred on such date or at the beginning of such period, as the case may be. The Pro Forma Financial Statements have been prepared in good
faith, based on assumptions believed by the Borrower to be reasonable as of the date of delivery thereof, and present fairly in all material respects on a pro forma basis and in accordance with GAAP the estimated financial position of the Borrower
and its Subsidiaries, and its estimated results of operations for the periods covered thereby, assuming that the Transactions had actually occurred at such date or at the beginning of such period. 

(d) Since the Effective Date, there has been no event or circumstance, either individually or in the aggregate, that has had or could
reasonably be expected to have a Material Adverse Effect. 
 Section 3.05 Properties. 

(a) Each of the Borrower and the Restricted Subsidiaries has good title to, or valid leasehold interests in, all its real and personal property
material to its business, if any (including all the Mortgaged Properties), free and clear of all Liens except for Liens permitted by Section 6.02. 

(b) Each of the Borrower and the Restricted Subsidiaries owns, or is licensed to use, all Intellectual Property material to the conduct of its
business, if any, and the use thereof by the Borrower and the Restricted Subsidiaries does not infringe upon the Intellectual Property rights of any other Person, in each case except where the failure to do so could not reasonably be expected to
have, individually or in the aggregate, a Material Adverse Effect. 
 Section 3.06 Litigation and Environmental Matters. 

(a) There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of
the Borrower, threatened in writing against or affecting the Borrower or any Restricted Subsidiary that could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. 

(b) Except with respect to any other matters that, individually or in the aggregate, could not reasonably be expected to result in a Material
Adverse Effect, neither the Borrower nor any Restricted Subsidiary (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law,
(ii) has, to the knowledge of the Borrower, become subject to any Environmental Liability, (iii) has received written notice of any claim with respect to any Environmental Liability or (iv) has, to the knowledge of the Borrower, any
basis to reasonably expect that the Borrower or any Restricted Subsidiary will become subject to any Environmental Liability. 

Section 3.07 Compliance with Laws and Agreements. Each of the Borrower and the Restricted Subsidiaries is in material compliance
with (a) its Organizational Documents, (b) all Requirements of Law applicable to it or its property and (c) all indentures and other agreements and instruments binding upon it or its property, except, in the case of clauses
(b) and (c) of this Section 3.07, where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect; provided, however, that where such compliance relates to
any Anti-Money Laundering Laws, Anti-Corruption Laws or Sanctions, each of the Borrower and the Restricted Subsidiaries is in compliance in all respects. 

Section 3.08 Investment Company Status. Neither the Borrower nor any Restricted Subsidiary is required to register as an
“investment company” as defined in the Investment Company Act of 1940, as amended from time to time. 

  
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 Section 3.09 Taxes. Except as could not, individually or in the aggregate, reasonably
be expected to have a Material Adverse Effect, the Borrower and each Restricted Subsidiary (a) have timely filed or caused to be filed all Tax returns and reports required to have been filed and (b) have paid or caused to be paid all Taxes
levied or imposed on their properties, income or assets (whether or not shown on a Tax return) including in their capacity as tax withholding agents, except any Taxes that are being contested in good faith by appropriate proceedings, provided that
the Borrower or such Restricted Subsidiary, as the case may be, has set aside on its books adequate reserves therefore in accordance with GAAP. 

There is no proposed Tax assessment, deficiency or other claim against the Borrower or any Restricted Subsidiary except (i) those being
actively contested by a Loan Party or such Subsidiary in good faith and by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP or (ii) those that would not reasonably be
expected to, individually or in the aggregate, have a Material Adverse Effect. 
 Section 3.10 ERISA. 

(a) Except as could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect, each Plan is in
compliance with the applicable provisions of ERISA, the Code and other federal or state laws. 
 (b) Except as could not reasonably be
expected, individually or in the aggregate, to result in a Material Adverse Effect, (i) no ERISA Event has occurred or is reasonably expected to occur, (ii) neither the Borrower, any Restricted Subsidiary nor any ERISA Affiliate has
incurred, or reasonably expects to incur, any liability under Title IV of ERISA with respect to any Plan (other than premiums due and not delinquent under Section 4007 of ERISA), (iii) neither the Borrower, any Restricted Subsidiary nor any
ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in such liability) under Section 4201 of ERISA with respect
to a Multiemployer Plan and (iv) neither the Borrower, any Restricted Subsidiary nor any ERISA Affiliate has engaged in a transaction that could reasonably be expected to be subject to Section 4069 or 4212(c) of ERISA. 

(c) Except as could not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect, each Foreign Plan has
been maintained, funded and administered in compliance with all requirements of law applicable thereto and the respective requirements of the governing documents for such plan. 

Section 3.11 Disclosure. None of the other reports, financial statements, certificates or other written information (including the
Information Memorandum) furnished by or on behalf of any Loan Party to the Administrative Agent or any Lender in connection with the negotiation of any Loan Document or delivered thereunder (as modified or supplemented by other information so
furnished) when taken as a whole contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not materially misleading;
provided that, with respect to projected financial information, the Borrower represent only that such information was prepared in good faith based upon assumptions believed by them to be reasonable at the time delivered and, if such projected
financial information was delivered prior to the Effective Date, as of the Effective Date, it being understood that any such projected financial information may vary from actual results and such variations could be material. 

Section 3.12 Subsidiaries. As of the Effective Date, Schedule 3.12 sets forth the name of, and the ownership interest of each
of the Borrower’s subsidiaries. 

  
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 Section 3.13 Intellectual Property; Licenses, Etc. The Borrower and the Restricted
Subsidiaries own, license, or possess the right to use all Intellectual Property that is reasonably necessary for the operation of its business as currently conducted, and without conflict with the Intellectual Property of any Person, except to the
extent such conflicts, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. No Intellectual Property used by the Borrower or any Restricted Subsidiary in the operation of its business as currently
conducted infringes upon any rights held by any Person except for such infringements, individually or in the aggregate, that could not reasonably be expected to have a Material Adverse Effect. No claim or litigation regarding any of the Intellectual
Property is pending or, to the knowledge of the Borrower, threatened in writing against the Borrower or any Restricted Subsidiary, that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

Section 3.14 Solvency. On the Effective Date, immediately after giving effect to the consummation of the Transactions,
(a) the sum of the debt (including contingent liabilities) of the Borrower and its Subsidiaries, on a consolidated basis, does not exceed the present fair saleable value of the present assets of the Borrower and its Subsidiaries, on a
consolidated basis, (b) the capital of the Borrower and its Subsidiaries, on consolidated basis, is not unreasonably small in relation to their business as contemplated on the Effective Date, (c) the Borrower and its Subsidiaries, on a
consolidated basis, have not incurred and do not intend to incur, or believe that they will incur, debts including current obligations, beyond their ability to pay such debts as they become due (whether at maturity or otherwise), and (d) the
Borrower and its Subsidiaries, on a consolidated basis, are “solvent” within the meaning given to that term and similar terms under applicable law relating to fraudulent transfer and conveyance. For purposes of this Section 3.14, the
amount of any contingent liability at any time shall be computed as the amount that, in the light of all of the facts and circumstances existing at such time, represents the amount that could reasonably be expected to become an actual or matured
liability (irrespective of whether such contingent liabilities meet the criteria for accrual under Statement of Financial Accounting Standards No. 5). 

Section 3.15 Senior Indebtedness. The Loan Document Obligations constitute “Senior Indebtedness” (or any comparable
term) under and as defined in the documentation governing any other Subordinated Indebtedness. 
 Section 3.16 Federal Reserve
Regulations. Neither the Borrower nor any other Restricted Subsidiary is engaged or will engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U of the
Board of Governors), or extending credit for the purpose of purchasing or carrying margin stock. No part of the proceeds of the Loans will be used, directly or indirectly, to purchase or carry any margin stock or to refinance any Indebtedness
originally incurred for such purpose, or for any other purpose that entails a violation (including on the part of any Lender) of the provisions of Regulation U or X of the Board of Governors. 

Section 3.17 Use of Proceeds. The Borrower will use the proceeds of (i) the Term Loans made on the Effective Date to finance
the Effective Date Refinancing, to repurchase common stock of the Borrower in an aggregate amount not to exceed $285,000,000, to pay Transaction Costs and for general corporate purposes and (ii) the proceeds of the Revolving Loans made after
the Effective Date to finance the working capital needs of the Borrower and the Restricted Subsidiaries and for general corporate purposes of the Borrower and the Restricted Subsidiaries (including for capital expenditures, acquisitions, the payment
of transaction fees, closing payments and expenses, other Investments, Restricted Payments and any other purpose not prohibited by the Loan Documents) and (iii) any Letters of Credit issued after the Effective Date to finance the working
capital needs of the Borrower and the Restricted Subsidiaries and for general corporate purposes of the Borrower and the Restricted Subsidiaries. 

  
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 Section 3.18 Labor Matters. Except as could not reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect, there are no strikes or other labor disputes against any of the Borrower or any Restricted Subsidiaries pending or, to the knowledge of the Borrower or the Restricted Subsidiaries, overtly
threatened in writing. 
 Section 3.19 Security Documents. Except as otherwise contemplated hereby or under any other Loan
Documents, the provisions of the Security Documents, together with such filings and other actions required to be taken hereby or by the applicable Security Documents (including the delivery to Administrative Agent of any pledged Collateral required
to be delivered pursuant to the applicable Security Documents), are effective to create in favor of the Administrative Agent for the benefit of the Lenders a legal, valid and enforceable Lien to the extent a Lien thereon may be created under the UCC
or otherwise under U.S. law and a first priority Lien (subject to Liens permitted by Section 6.02) on all right, title and interest of the respective Loan Parties and Domestic Regulated Subsidiaries in the Collateral described therein. 

Section 3.20 Sanctions. None of the Borrower or any of the Subsidiaries or any of their respective officers, directors or, to the
knowledge of the Borrower, employees or Affiliates: (i) is a Sanctioned Person; (ii) is currently engaging or has within the past five (5) years engaged, directly or indirectly, in any dealings or transactions with, involving or for
the benefit of any Sanctioned Person or in any Sanctioned Jurisdiction, in each case in violation of applicable Sanctions; or (iii) is or has in the past five (5) years been subject to any legal action, proceeding, litigation, claim or
investigation by a Governmental Authority with regard to any actual or alleged violation of Sanctions. The Borrower will not, directly or indirectly, use any part of the proceeds of the Loans or any Letter of Credit, or lend, contribute or otherwise
make available such proceeds or Letter of Credit to any Person, (A) to fund or finance any business or activities of, with, in or involving any Sanctioned Person or any Sanctioned Jurisdiction or (B) in any other manner that would
constitute or give rise to a violation of Sanctions by any Person, including any Lender. 
 Section 3.21 Anti-Corruption Laws;
Anti-Money Laundering Laws. None of the Borrower or any of the Subsidiaries or any of their respective officers, directors or, to the knowledge of the Borrower, employees or Affiliates (i) has taken any action, directly or indirectly, that
would constitute or give rise to a violation of the applicable Anti-Corruption Laws or Anti-Money Laundering Laws or (ii) is or has in the past five (5) years been subject to any action, proceeding, litigation, claim or investigation
with regard to any actual or alleged violation of the Anti-Corruption Laws or Anti-Money Laundering Laws. The Borrower will not, directly or indirectly, use any part of the proceeds of the Loans or any Letter of Credit (A) for any payments to
any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage or
(B) in any manner that would constitute or give rise to a violation of any applicable Anti-Corruption Laws or Anti-Money Laundering Laws. 

Section 3.22 No Other Liabilities. None of the Borrower and the Restricted Subsidiaries have any material contingent liability
required under GAAP to be reflected or disclosed and not reflected or disclosed in the most recent financial statements filed by the Borrower with the SEC, other than liabilities and contingent liabilities permitted to be incurred under this
Agreement or, solely to the extent this Section 3.22 representation is being made after the Effective Date, that would not reasonably be expected to have a Material Adverse Effect. 

  
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 ARTICLE IV 

CONDITIONS 

Section 4.01 Effective Date. The obligations of each of the Lenders to make its Loans and of each Issuing Bank to issue Letters of
Credit hereunder on the Effective Date is subject only to prior or concurrent satisfaction of the following conditions (or waiver thereof in accordance with Section 9.02): 

(a) The Administrative Agent (or its counsel) shall have received from each party hereto either (i) a counterpart of this Agreement signed
on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include facsimile or other electronic transmission of a signed counterpart of this Agreement) that such party has signed a counterpart of this
Agreement. 
 (b) The Administrative Agent shall have received a written opinion (addressed to the Administrative Agent, the Lenders and the
Issuing Banks and dated the Effective Date) of (i) Sullivan & Cromwell LLP, New York counsel for the Loan Parties, and (ii) each local counsel listed on Schedule 4.01(b), in each case, in form and substance reasonably satisfactory
to the Administrative Agent. The Borrower hereby requests such counsel to deliver such opinions. 
 (c) The Administrative Agent shall have
received a certificate of each Loan Party, dated the Effective Date, in form and substance reasonably satisfactory to the Administrative Agent with appropriate insertions, executed by any Responsible Officer of such Loan Party, and including or
attaching the documents referred to in paragraph (d) of this Section 4.01. 
 (d) The Administrative Agent shall have received a
copy of (i) each Organizational Document of each Loan Party certified, to the extent applicable, as of a recent date by the applicable Governmental Authority, (ii) signature and incumbency certificates of the Responsible Officers of each
Loan Party executing the Loan Documents to which it is a party, (iii) resolutions of the Board of Directors and/or similar governing bodies of each Loan Party approving and authorizing the execution, delivery and performance of Loan Documents
to which it is a party, certified as of the Effective Date by its secretary, an assistant secretary or a Responsible Officer as being in full force and effect without modification or amendment, and (iv) a good standing certificate (to the
extent such concept exists) from the applicable Governmental Authority of each Loan Party’s jurisdiction of incorporation, organization or formation. 

(e) The Administrative Agent shall have received all fees, closing payments and other amounts previously agreed in writing by the Lead
Arranger, certain of their respective Affiliates and the Borrower to be due and payable on or prior to the Effective Date, including, to the extent invoiced at least three Business Days prior to the Effective Date, reimbursement or payment of all out-of-pocket expenses (including reasonable fees, charges and disbursements of counsel) required to be reimbursed or paid by any Loan Party under any Loan Document. 

(f) The Collateral and Guarantee Requirement (other than in accordance with Section 5.14) shall have been satisfied and the Administrative
Agent shall have received a completed Perfection Certificate dated the Effective Date and signed by a Responsible Officer of the Borrower, together with all attachments contemplated thereby; provided that if, notwithstanding the use by the
Borrower of commercially reasonable efforts to cause the Collateral and Guarantee Requirement to be satisfied on the Effective Date, the requirements thereof (other than (a) the execution and delivery of the Guarantee Agreement and the
Collateral Agreement by the Loan Parties and Domestic Regulated Subsidiaries, as applicable, (b) creation of and perfection of security interests in the certificated Equity Interests of the Domestic Subsidiaries of the Borrower that are Wholly
Owned Subsidiaries and (c) delivery of Uniform 

  
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Commercial Code financing statements with respect to perfection of security interests in the assets of the Loan Parties and Domestic Regulated Subsidiaries that may be perfected by the filing of
a financing statement under the Uniform Commercial Code) are not satisfied as of the Effective Date, the satisfaction of such requirements shall not be a condition to the availability of the initial Loans on the Effective Date (but shall be required
to be satisfied as promptly as practicable after the Effective Date and in any event within the period specified therefor in Schedule 5.14 or, in each case, such later date as the Administrative Agent may reasonably agree in accordance with
Section 5.14). 
 (g) Certificates of insurance reasonably acceptable to the Administrative Agent shall be delivered to the
Administrative Agent evidencing the existence of insurance to be maintained by the Borrower and the Subsidiaries pursuant to Section 5.07 and, if applicable, the Administrative Agent shall have received endorsements designating the
Administrative Agent as an additional insured and loss payee or mortgagee (if applicable) as its interest may appear thereunder, or solely as the additional insured, as the case may be, thereunder (provided that if, notwithstanding the use by
the Borrower of commercially reasonable efforts to deliver such endorsements, such endorsements have not been delivered as of the Effective Date, such endorsements shall be delivered as promptly as practicable after the Effective Date in accordance
with Section 5.14). 
 (h) The Administrative Agent shall have received the Audited Financial Statements, the Unaudited Financial
Statements and the Pro Forma Financial Statements. 
 (i) Substantially simultaneously with the initial Borrowing under the Term Facility,
the Effective Date Refinancing shall be consummated. 
 (j) The Administrative Agent shall have received a certificate substantially in the
form attached hereto as Exhibit F from the chief financial officer or similar officer of the Borrower and its Subsidiaries on a consolidated basis after giving effect to the Transactions. 

(k) The Administrative Agent shall have received, at least five (5) Business Days prior to the Effective Date, all documentation and other
information with respect to the Borrower and the Subsidiaries as shall have been reasonably requested in writing at least ten (10) calendar days prior to the Effective Date by the Administrative Agent as it shall have reasonably determined is
required under applicable “know your customer” and Anti-Money Laundering Laws, including without limitation the USA PATRIOT Act. 

(l) The Administrative Agent shall have received a certificate executed by a Responsible Officer of the Borrower certifying as to the
satisfaction of the conditions referred to in Section 4.02(a) and Section 4.02(b). 
 (m) Since December 31, 2016, there shall
not have been any Material Adverse Effect. 
 (n) The representations and warranties of each Loan Party set forth in the Loan Documents shall
be true and correct in all material respects on and as of the date of such Borrowing or the date of issuance, amendment or extension of such Letter of Credit, as the case may be; provided that, to the extent that such representations and
warranties specifically refer to an earlier date, they shall be true and correct in all material respects as of such earlier date; provided further that any representation and warranty that is qualified as to “materiality,”
“Material Adverse Effect” or similar language shall be true and correct in all respects on the date of such credit extension or on such earlier date, as the case may be. 

(o) As of the Effective Date, no Default or Event of Default shall have occurred and be continuing. 

  
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 (p) The chief executive officer and founder of the Borrower shall have entered into subscription
agreements to make cash common equity investments in the Borrower in an amount not less than $20,000,000 (the “Equity Investment”). 

Without limiting the generality of the provisions of Section 8.03(e), for purposes of determining compliance with the conditions specified in this
Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or
satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Effective Date specifying its objection thereto. 

Section 4.02 Credit Extensions. After the Effective Date, the obligation of each Lender to make a Loan on the occasion of any
Borrowing, and of each Issuing Bank to issue, amend to increase the face amount of or extend any Letter of Credit is subject to receipt of the request therefor in accordance herewith and to the prior or concurrent satisfaction (or due waiver in
accordance with Section 9.02) of each of the following conditions: 
 (a) The representations and warranties of each Loan Party set
forth in the Loan Documents shall be true and correct in all material respects on and as of the date of such Borrowing or the date of issuance, amendment or extension of such Letter of Credit, as the case may be; provided that, to the extent
that such representations and warranties specifically refer to an earlier date, they shall be true and correct in all material respects as of such earlier date; provided further that any representation and warranty that is qualified as
to “materiality,” “Material Adverse Effect” or similar language shall be true and correct in all respects on the date of such credit extension or on such earlier date, as the case may be. 

(b) At the time of and immediately after giving effect to such Borrowing or the issuance, amendment or extension of such Letter of Credit, as
the case may be, no Default or Event of Default shall have occurred and be continuing. 
 (c) The Administrative Agent and, if applicable,
the relevant Issuing Bank or the Swing Line Lender, shall have received a Borrowing Request or notice requesting the issuance of a Letter of Credit (or the amendment or replacement thereof) in accordance with the requirements of Section 2.03 or
Section 2.05(b), as applicable, or a Swing Line Loan in accordance with the requirements of Section 2.24, as applicable. 
 Each Borrowing after
the Effective Date (provided that a conversion or a continuation of a Borrowing shall not constitute a “Borrowing” for purposes of this Section 4.02) and each issuance, amendment to increase the face amount of or extension of a
Letter of Credit (other than any Borrowing or issuance of Letter of Credit on the Effective Date) shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the accuracy of the matters specified in
paragraphs (a) and (b) of this Section 4.02. 
 ARTICLE V 

AFFIRMATIVE COVENANTS 

Until the Commitments shall have expired or been terminated, the principal of and interest on each Loan and all fees, expenses and other
amounts (other than contingent amounts not yet due) payable under any Loan Document shall have been paid in full and all Letters of Credit shall have expired or been terminated (without any pending drawing thereon) and all LC Disbursements shall
have been reimbursed, the Borrower covenants and agrees with the Lenders and the Issuing Banks that: 

  
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 Section 5.01 Financial Statements and Other Information. The Borrower will furnish to
the Administrative Agent, on behalf of each Lender: 
 (a) within ninety (90) days after the end of each fiscal year of the Borrower
beginning with the fiscal year ending December 31, 2017, audited consolidated balance sheet and audited consolidated statements of operations and comprehensive income, stockholders’ equity and cash flows of the Borrower and the
Subsidiaries as of the end of and for such year, and related notes thereto, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on by Ernst & Young LLP or other independent public
accountants of recognized national standing (without a “going concern” or like qualification or exception (other than qualifications, with respect to, or expressly resulting solely from, impending debt maturities scheduled to occur within
one year from the time such report and opinion are delivered or actual or anticipated breach of the Financial Performance Covenant) and without any qualification or exception as to the scope of such audit) to the effect that such consolidated
financial statements present fairly in all material respects the financial condition as of the end of and for such year and results of operations and cash flows of the Borrower and the Subsidiaries on a consolidated basis in accordance with GAAP
consistently applied, together with a customary “management discussion and analysis” provision; 
 (b) (x) within forty-five
(45) days after the end of the fiscal quarter ending September 30, 2017 and (y) within forty-five (45) days after the end of the first three fiscal quarters of each fiscal year beginning with the fiscal quarter ending
March 31, 2018, unaudited consolidated balance sheet and unaudited consolidated statements of operations and comprehensive income, stockholders’ equity and cash flows of the Borrower and the Subsidiaries as of the end of and for such
fiscal period and the then elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year,
all certified by a Financial Officer as presenting fairly in all material respects the financial condition as of the end of and for such fiscal period and such portion of the fiscal year and results of operations and cash flows of the Borrower and
the Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes, together with a customary “management
discussion and analysis” provision; 
 (c) simultaneously with the delivery of each set of consolidated financial statements referred to
in clauses (a) and (b) above, the related consolidating statement of operations and balance sheet reflecting adjustments, if any, necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from such consolidated financial
statements; 
 (d) not later than five Business Days after delivery of financial statements under paragraph (a) or (b) above,
a certificate of a Financial Officer (a “Compliance Certificate”) (i) certifying as to whether a Default has occurred and, if a Default has occurred, specifying the details thereof and any action taken or proposed to be taken with
respect thereto, (ii) setting forth reasonably detailed calculations (A) demonstrating compliance with the Financial Performance Covenant, if applicable, (B) in the case of financial statements delivered under paragraph (a)
above, beginning with the financial statements for the fiscal year of the Borrower ending December 31, 2018, of Excess Cash Flow for such fiscal year and (C) of the Total Net Leverage Ratio for the Test Period most recently ended and
(iii) setting forth (A) reasonably detailed calculations of the Available Amount as of the last day of the fiscal quarter or fiscal year, as the case may be, covered by such financial statements or stating that there has been no change to
such amounts since the date of delivery of the last Compliance Certificate and (B) a list identifying each subsidiary of the Borrower as a Subsidiary or an Unrestricted Subsidiary as of the date of delivery of such Compliance Certificate or
confirming that there is no change in such information; 

  
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 (e) simultaneously with the delivery of the financial statements delivered under
paragraph (a) above, a reasonably detailed calculation of the Net Proceeds received during the applicable period by or on behalf of the Borrower or any of the Restricted Subsidiaries in respect of any event described in clause (a) of the
definition of the term “Prepayment Event” and the portion of such Net Proceeds that has been invested or are intended to be reinvested in accordance with the first proviso in Section 2.11(c); 

(f) not later than 90 days after the commencement of each fiscal year of the Borrower beginning with the fiscal year ending December 31,
2017, a consolidated forecast for the Borrower and its Subsidiaries for such fiscal year (consisting of a consolidated balance sheet and consolidated statements of operations, comprehensive income and cash flows as of the end of and for such fiscal
year and setting forth the material assumptions used for purposes of preparing such forecast); 
 (g) promptly after the same become publicly
available, copies of all periodic and other reports, proxy statements and registration statements (other than amendments to any registration statement (to the extent such registration statement, in the form it became effective, is delivered to the
Administrative Agent), exhibits to any registration statement and, if applicable, any registration statement on Form S-8) filed by the Borrower, any Restricted Subsidiary or any of their respective
subsidiaries with the SEC or with any national securities exchange, or distributed by the Borrower or any Restricted Subsidiary to the holders of its Equity Interests generally, as the case may be; and 

(h) promptly following any request therefor, such other information regarding the operations, business affairs and financial condition of the
Borrower or any of the Restricted Subsidiaries, or compliance with the terms of any Loan Document, as the Administrative Agent on its own behalf or on behalf of any Lender may reasonably request in writing. 

Notwithstanding the foregoing, the obligations in paragraphs (a) and (b) of this Section 5.01 may be satisfied with respect to
financial information of the Borrower and the Subsidiaries by furnishing the Form 10-K or 10-Q (or the equivalent), as applicable, of the Borrower filed with the SEC;
provided that to the extent such information is in lieu of information required to be provided under Section 5.01(a), such materials are accompanied by a report and opinion of Ernst & Young LLP or any other independent
registered public accounting firm of nationally recognized standing, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification
or exception (other than as expressly permitted to be contained therein under paragraph (a) of this Section 5.01) or any qualification or exception as to the scope of such audit. 

Documents required to be delivered pursuant to Section 5.01(a), (b) or (e) (to the extent any such documents are included in materials
otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower posts such documents, or provides a link thereto on the Borrower’s website on
the Internet at the website address listed on Schedule 9.01 (or otherwise notified pursuant to Section 9.01(e)); or (ii) on which such documents are posted on the Borrower’s behalf on an Internet or intranet website, if any, to which
each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided that: (i) the Borrower shall deliver paper copies of such documents to the
Administrative Agent upon its reasonable request until a written notice to cease delivering paper copies is given by the Administrative Agent and (ii) the Borrower shall notify the Administrative Agent (by telecopier or electronic mail) of the
posting of any such documents and upon its reasonable request, provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. The Administrative Agent shall have no obligation to request the
delivery of or maintain paper copies of the documents referred to above, and each Lender shall be solely responsible for timely accessing posted documents and maintaining its copies of such documents. 

 

  
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 The Borrower hereby acknowledges that (a) the Administrative Agent will make available to
the Lenders and the Issuing Banks materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks, Debt X, SyndTrak Online or
another similar electronic system (the “Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material
non-public information with respect to the Borrower or its Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with
respect to such Persons’ securities. The Borrower hereby agrees that it will use commercially reasonable efforts to identify that portion of the Borrower Materials that may be distributed to the Public Lenders and that (w) all such
Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials
“PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, the Issuing Banks and the Lenders to treat such Borrower Materials as not containing any material non-public
information (although it may be sensitive and proprietary) with respect to the Borrower or its securities for purposes of United States Federal and state securities laws (provided, however, that to the extent such Borrower Materials
constitute Information, they shall be treated as set forth in Section 9.12); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side
Information”; and (z) the Administrative Agent shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side
Information.” Notwithstanding the foregoing, the Borrower (i) acknowledges and agrees that the financial information required to be delivered pursuant to Section 5.01(a), (b), (c) and (d) shall be treated as if marked
“PUBLIC” for purposes of this paragraph and (ii) shall be under no obligation to mark any other Borrower Materials “PUBLIC.” The Borrower acknowledges and agrees that the list of Disqualified Lenders does not constitute
material non-public information and may be posted to all Lenders by the Administrative Agent (including any updates thereto). 

Section 5.02 Notices of Material Events. Promptly after any Responsible Officer of the Borrower obtains actual knowledge thereof,
the Borrower will furnish to the Administrative Agent (for distribution to each Lender through the Administrative Agent) written notice of the following: 

(a) the occurrence of any Default; 

(b) to the extent permissible by applicable law, the filing or commencement of any action, suit or proceeding by or before any arbitrator or
Governmental Authority against or, to the knowledge of a Financial Officer or another executive officer of the Borrower or any Subsidiary, affecting the Borrower or any Subsidiary or the receipt of a notice of an Environmental Liability, that could
reasonably be expected to result in a Material Adverse Effect; and 
 (c) the occurrence of any ERISA Event that could reasonably be
expected, individually or in the aggregate, to result in a Material Adverse Effect. 
 Each notice delivered under this Section shall be accompanied by a
written statement of a Responsible Officer of the Borrower setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto. 

  
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 Section 5.03 Information Regarding Collateral. 

(a) The Borrower will furnish to the Administrative Agent prompt (and in any event within 30 days after the occurrence thereof or such longer
period as reasonably agreed to by the Administrative Agent) written notice of any change (i) in any Loan Party’s or Domestic Regulated Subsidiary’s legal name (as set forth in its certificate of organization or like document), (ii) in
the jurisdiction of incorporation or organization of any Loan Party or Domestic Regulated Subsidiary or in the form of its organization or (iii) in any Loan Party’s or Domestic Regulated Subsidiary’s organizational identification
number. 
 (b) Not later than five Business Days after delivery of financial statements pursuant to Section 5.01(a) or (b), the Borrower
shall deliver to the Administrative Agent a certificate executed by a Responsible Officer of the Borrower (i) setting forth the information required pursuant to paragraphs 1, 2, 5, 6, 7 and 8 of the Perfection Certificate or confirming that
there has been no change in such information since the date of the Perfection Certificate delivered on the Effective Date or the date of the most recent certificate delivered pursuant to this Section 5.03 and (ii) identifying any Wholly
Owned Restricted Subsidiary that has become, or ceased to be, a Material Subsidiary, an Excluded Subsidiary, a Domestic Regulated Subsidiary, a Foreign Regulated Subsidiary or a Regulated Subsidiary during the most recently ended fiscal quarter.

 Section 5.04 Existence; Conduct of Business. The Borrower will, and will cause each Restricted Subsidiary to, do or cause to
be done all things necessary to obtain, preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges, franchises and Intellectual Property to the conduct of its business, except to the extent
(other than with respect to the preservation of the existence of the Borrower) that the failure to do so could not reasonably be expected to have a Material Adverse Effect; provided that the foregoing shall not prohibit any merger,
consolidation, liquidation or dissolution permitted under Section 6.03 or any Disposition permitted by Section 6.05. 

Section 5.05 Payment of Taxes, Etc.. The Borrower will, and will cause each Restricted Subsidiary to, pay its obligations and
liabilities in respect of Taxes imposed upon it or its income or properties or in respect of its property or assets, before the same shall become delinquent or in default, except to the extent (i) any such Taxes are being contested in good
faith and by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP or (ii) the failure to make payment could not reasonably be expected, individually or in the aggregate, to
result in a Material Adverse Effect. 
 Section 5.06 Maintenance of Properties. The Borrower will, and will cause each
Restricted Subsidiary to, keep and maintain all property material to the conduct of its business in good working order and condition (subject to casualty, condemnation and ordinary wear and tear), except where the failure to do so could not
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 
 Section 5.07 Insurance. 

(a) The Borrower will, and will cause each Restricted Subsidiary to, maintain, with insurance companies that the Borrower believes (in the good
faith judgment of the management of the Borrower) are financially sound and responsible at the time the relevant coverage is placed or renewed, insurance in at least such amounts (after giving effect to any self-insurance which the Borrower believes
(in the good faith judgment of management of the Borrower) is reasonable and prudent in light of the size and nature of its business) and against at least such risks (and with such risk retentions) as the Borrower believes

  
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(in the good faith judgment or the management of the Borrower) are reasonable and prudent in light of the size and nature of its business, and will furnish to the Lenders, upon written request
from the Administrative Agent, information presented in reasonable detail as to the insurance so carried. Each such policy of insurance shall (i) name the Administrative Agent, on behalf of the Lenders, as an additional insured thereunder as
its interests may appear and (ii) in the case of each casualty insurance policy, contain a loss payable clause or mortgagee endorsement that names the Administrative Agent, on behalf of the Lenders as the loss payee or mortgagee thereunder.

 (b) Notwithstanding anything herein to the contrary, with respect to each Mortgaged Property, if at any time the area in which the
buildings and other improvements (as described in the applicable Mortgage) are located is designated a “special flood hazard area” in any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor
agency), obtain flood insurance in such reasonable total amount as the Administrative Agent may from time to time reasonably require, and otherwise to ensure compliance with the NFIP as set forth in the Flood Laws. Following the Effective Date, the
Borrower shall deliver to the Administrative Agent annual renewals of each flood insurance policy or annual renewals of each force-placed flood insurance policy, as applicable. In connection with any amendment to this Agreement pursuant to which any
increase, extension, or renewal of Loans is contemplated, the Borrower shall cause to be delivered to the Administrative Agent for any Mortgaged Property, a Flood Determination Form, Borrower Notice and Evidence of Flood Insurance, as applicable.

 Section 5.08 Books and Records; Inspection and Audit Rights. The Borrower will, and will cause each Restricted Subsidiary to,
maintain proper books of record and account in which entries that are full, true and correct in all material respects and are in conformity with GAAP consistently applied shall be made of all material financial transactions and matters involving the
assets and business of the Borrower or any Restricted Subsidiary, as the case may be. The Borrower will, and will cause each Restricted Subsidiary to, permit any representatives designated by the Administrative Agent or any Lender, upon reasonable
prior notice, to visit and inspect its properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times and as often
as reasonably requested; provided that, excluding any such visits and inspections during the continuation of an Event of Default, only the Administrative Agent on behalf of the Lenders may exercise visitation and inspection rights of the
Administrative Agent and the Lenders under this Section 5.08 and the Administrative Agent shall not exercise such rights more often than two times during any calendar year absent the existence of an Event of Default and only one such time shall
be at the Borrower’s expense; provided further that (a) when an Event of Default exists, the Administrative Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the
foregoing at the expense of the Borrower at any time during normal business hours and upon reasonable advance notice and (b) the Administrative Agent and the Lenders shall give the Borrower the opportunity to participate in any discussions with
the Borrower’s independent public accountants. 
 Section 5.09 Compliance with Laws. The Borrower will, and will cause each
of the Subsidiaries to (a) comply with its Organizational Documents, all Requirements of Law (including Environmental Laws) and all rules, regulations and orders applicable to it, its property and operations, and (b) maintain in effect all
governmental approvals or authorizations required to conduct its business, except in the case of each of clauses (a) and (b), where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material
Adverse Effect; provided, however, that with respect to Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions, the Borrower will, and will cause each of the Subsidiaries to, comply in all respects. The Borrower will provide
such information as is reasonably requested by the Administrative Agent (or by any Lender through the Administrative Agent) to the extent such information is necessary for such Person to maintain compliance with the applicable Anti-Money Laundering
Laws. 

  
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 Section 5.10 Use of Proceeds and Letters of Credit. The Borrower will use a portion
of the proceeds of the Term Loans made on the Effective Date, together with cash on hand of the Borrower, on the Effective Date for the purposes set forth in Section 3.17. The Borrower will use the remaining proceeds of the Term Loans made on
the Effective Date, the Letters of Credit issued after the Effective Date and the proceeds of the Revolving Loans drawn after the Effective Date for working capital and other general corporate purposes (including Permitted Acquisitions, Permitted
Investments, Restricted Payments and capital expenditures not otherwise prohibited hereunder). The Borrower will use the proceeds of (i) any Incremental Facilities for working capital or any other purpose not prohibited by this Agreement and
(ii) any Credit Agreement Refinancing Indebtedness, applied among the Loans and any Incremental Facilities in accordance with the terms of this Agreement. 

Section 5.11 Additional Subsidiaries. 

(a) If (i) any additional Restricted Subsidiary is formed or acquired after the Effective Date or (ii) if any Restricted Subsidiary
ceases to be an Excluded Subsidiary, the Borrower will, within thirty (30) days (or such longer period as may be agreed to by the Administrative Agent in its reasonable discretion) after such newly formed or acquired Restricted Subsidiary is
formed or acquired or such Restricted Subsidiary ceases to be an Excluded Subsidiary, notify the Administrative Agent thereof, and will cause such Restricted Subsidiary (unless such Restricted Subsidiary is an Excluded Subsidiary) to satisfy the
Collateral and Guarantee Requirement with respect to such Restricted Subsidiary and with respect to any Equity Interest in or Indebtedness of such Restricted Subsidiary owned by or on behalf of any Loan Party within 30 days after such notice (or
such longer period as the Administrative Agent shall reasonably agree and the Administrative Agent shall have received a completed Perfection Certificate with respect to such Restricted Subsidiary signed by a Responsible Officer, together with all
attachments contemplated thereby). 
 (b) Within thirty (30) days (or such longer period as the Administrative Agent may reasonably
agree) after the Borrower or the Borrower identifies any new Material Subsidiary pursuant to Section 5.03(b), all actions (if any) required to be taken with respect to such Subsidiary in order to satisfy the Collateral and Guarantee Requirement
shall be taken with respect to such Subsidiary. 
 Section 5.12 Further Assurances. 

(a) The Borrower will, and will cause each Loan Party to, execute any and all further documents, financing statements, agreements and
instruments, and take all such further actions (including the filing and recording of financing statements, fixture filings, mortgages, deeds of trust and other documents), that may be required under any applicable law and that the Administrative
Agent or the Required Lenders may reasonably request, to cause the Collateral and Guarantee Requirement to be and remain satisfied, all at the expense of the Loan Parties. 

(b) If, after the Effective Date, any material assets (including any owned (but not leased or ground leased) Material Real Property or
improvements thereto or any interest therein) are acquired or otherwise held by the Borrower or any other Loan Party or are held by any Subsidiary on or after the time it becomes a Loan Party pursuant to Section 5.11 (other than assets
constituting Collateral under a Security Document that become subject to the Lien created by such Security Document upon acquisition thereof or constituting Excluded Assets), the Borrower will notify the Administrative Agent thereof, and, if
requested by the Administrative Agent, the Borrower will cause such assets to be subjected 

  
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to a Lien securing the Secured Obligations and will take and cause the other Loan Parties to take, such actions as shall be necessary and reasonably requested by the Administrative Agent to grant
and perfect such Liens, including actions described in paragraph (a) of this Section and as required pursuant to the Collateral and Guarantee Requirement, all at the expense of the Loan Parties and subject to the last paragraph of the
definition of the term “Collateral and Guarantee Requirement.” In the event any real property is mortgaged pursuant to this Section 5.12(b), the Borrower or such other Loan Party, as applicable, shall not be required to comply with
the Collateral and Guarantee Requirement and paragraph (a) of this Section 5.12 until a reasonable time following the acquisition of such real property or the date a Subsidiary becomes a Loan Party pursuant to Section 5.11, as
applicable, and in no event shall compliance be required until ninety (90) days following such acquisition or date a Subsidiary becomes a Loan Party or such longer time period as agreed to by the Administrative Agent in its reasonable
discretion. For the avoidance of doubt, with respect to any Material Real Property held by the Borrower or any Restricted Subsidiary on the Effective Date, no Mortgage or other deliverables required to comply with the “Collateral and Guarantee
Requirement” shall be required with respect thereto until after the Effective Date and within such time period as set forth on Schedule 5.14. 

Section 5.13 Designation of Subsidiaries. The Borrower may at any time after the Effective Date designate any Restricted
Subsidiary as an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary; provided that (i) immediately before and after such designation no Default or Event of Default shall have occurred and be continuing,
(ii) immediately after giving effect to such designation, the Borrower shall be in Pro Forma Compliance with the Financial Performance Covenant set forth in Section 6.11 as of the end of the most recently ended Test Period (and assuming
that the Financial Performance Covenant is required to be tested for such Test Period, whether or not otherwise then in effect), (iii) such Subsidiary to be designed as an Unrestricted Subsidiary and its Subsidiaries shall have no Indebtedness other
than Non-Recourse Debt at the time of designation, and does not thereafter, create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable with respect to any Non-Recourse Debt and (iv) no Subsidiary may be designated as an Unrestricted Subsidiary (1) if the Consolidated EBITDA of such Subsidiary is greater than 5%, (2) if at the time of such designation, and
after giving effect thereto, the aggregate amount of Consolidated EBITDA of all such Unrestricted Subsidiaries would exceed 10%, of the Consolidated EBITDA of the Borrower and its Subsidiaries, or (3) if such Subsidiary was previously
designated as an Unrestricted Subsidiary or if it is a Restricted Subsidiary for purposes of any subordinated Indebtedness or senior notes. The designation of any Subsidiary as an Unrestricted Subsidiary after the Effective Date shall constitute an
Investment by the Borrower therein at the date of designation in an amount equal to the fair market value of the Borrower’s or the Subsidiary’s (as applicable) investment therein. The designation of any Unrestricted Subsidiary as a
Restricted Subsidiary shall constitute (i) the incurrence at the time of designation of any Investment, Indebtedness or Liens of such Subsidiary existing at such time and (ii) a return on any Investment by the Borrower in Unrestricted
Subsidiaries pursuant to the preceding sentence in an amount equal to the fair market value at the date of such designation of the Borrower’s or the Subsidiary’s (as applicable) Investment in such Subsidiary. 

Notwithstanding the foregoing, any Unrestricted Subsidiary that has been re-designated a Restricted
Subsidiary may not be subsequently re-designated as an Unrestricted Subsidiary. 
 Section 5.14
Certain Post-Closing Obligations. The Borrower shall, and shall cause each of the Subsidiaries to, take the actions set forth in Schedule 5.14 within the time frames set forth therein or such longer period as the Administrative Agent may
agree in its sole discretion. 
 Section 5.15 Maintenance of Rating of Facility. The Loan Parties shall use commercially
reasonable efforts to maintain (i) a public corporate credit rating (but not any particular rating) from S&P and a public corporate family rating (but not any particular rating) from Moody’s, in each case in respect of the Borrower and
(ii) a public rating (but not any particular rating) in respect of the Loans made available under this Agreement from each of S&P and Moody’s. 

  
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 Section 5.16 Lender Calls. Annually and, at the request of the Administrative Agent,
quarterly, in each case, at a time mutually agreed with the Administrative Agent that is promptly after the delivery of the information required pursuant to Section 5.01(a) or Section 5.01(b), as applicable, participate in a conference
call with Lenders to discuss the financial condition and results of operations of the Borrower and the Subsidiaries for the most recently-ended period for which financial statements have been delivered. 

Section 5.17 Anti-Corruption Laws; Anti-Money Laundering Laws; Sanctions. The Borrower shall promptly, and in any event within ten
(10) Business Days after any Responsible Officer of the Borrower obtains knowledge thereof, notify the Lenders, in writing, in the event that it or any of the Subsidiaries or any of their respective directors, officers or employees becomes
subject to any legal action, proceeding, litigation, claim or investigation by a Governmental Authority with regard to any actual or alleged violation of Anti-Corruption Laws, Anti-Money Laundering Laws, or Sanctions. 

Section 5.18 Equity Investment. The Equity Investment shall be consummated on or prior to the fifteenth Business Day after the
expiration date of the Tender Offer. 
 ARTICLE VI 

NEGATIVE COVENANTS 
 Until
the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees, expenses and other amounts payable (other than contingent amounts not yet due) under any Loan Document have been paid in full and all
Letters of Credit have expired or have been terminated (without any pending drawing thereon) and all LC Disbursements shall have been reimbursed), the Borrower covenants and agrees with the Lenders and the Issuing Banks that: 

Section 6.01 Indebtedness; Certain Equity Securities. 

(a) The Borrower will not, and will not permit any Restricted Subsidiary to, create, incur, assume or permit to exist any Indebtedness, except:

 (i) Indebtedness of the Borrower and any of the Restricted Subsidiaries under the Loan Documents (including any
Indebtedness incurred pursuant to Section 2.20 or 2.21); 
 (ii) Indebtedness outstanding on the date hereof and listed
on Schedule 6.01 and any Permitted Refinancing thereof; 
 (iii) Guarantees by the Borrower and the Restricted Subsidiaries
in respect of Indebtedness of the Borrower or any Restricted Subsidiary otherwise permitted hereunder; provided that such Guarantee is otherwise permitted by Section 6.04; provided further that (A) no Guarantee by any
Restricted Subsidiary of any Subordinated Indebtedness shall be permitted unless such Restricted Subsidiary shall have also provided a Guarantee of the Loan Document Obligations pursuant to the Guarantee Agreement and (B) if the Indebtedness
being Guaranteed is subordinated to the Loan Document Obligations, such Guarantee shall be subordinated to the Guarantee of the Loan Document Obligations on terms at least as favorable to the Lenders as those contained in the subordination of such
Indebtedness; 

  
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 (iv) Indebtedness of the Borrower owing to any Restricted Subsidiary or of any
Restricted Subsidiary owing to any other Restricted Subsidiary or the Borrower, to the extent permitted by Section 6.04; provided that (A) all such Indebtedness of any Loan Party owing to any Restricted Subsidiary that is not a Loan
Party shall be subordinated to the Loan Document Obligations (to the extent any such Indebtedness is outstanding at any time after the date that is 30 days after the Effective Date or such later date as the Administrative Agent may reasonably agree)
(but only to the extent permitted by applicable law and not giving rise to material adverse tax consequences) on terms (i) at least as favorable to the Lenders as those set forth in the form of intercompany note attached as Exhibit G or
(ii) otherwise reasonably satisfactory to the Administrative Agent and (B) the aggregate principal amount of such Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Loan Party outstanding in
reliance on this clause (iv) shall not exceed, at the time of assumption thereof and after giving Pro Forma Effect thereto, together with the principal amount of any Indebtedness incurred pursuant to the corresponding proviso of Sections
6.01(vii) and (xvii), an amount equal to $10,000,000 at any time outstanding; 
 (v) (A) Indebtedness
(including Capital Lease Obligations) of the Borrower or any Restricted Subsidiaries financing the acquisition, construction, repair, replacement or improvement of fixed or capital assets; provided that such Indebtedness is incurred
concurrently with or within 270 days after the applicable acquisition, construction, repair, replacement or improvement and (B) any Permitted Refinancing of any Indebtedness set forth in the immediately preceding clause (A); provided
further that, at the time of any such incurrence of Indebtedness and after giving Pro Forma Effect thereto and the use of the proceeds thereof, the aggregate principal amount of Indebtedness that is outstanding in reliance on this clause
(v) shall not exceed the greater of $15,000,000 and 12% of Consolidated EBITDA for the most recently ended Test Period as of such time; 

(vi) Indebtedness in respect of Swap Agreements incurred in the ordinary course of business and not for speculative purposes;

 (vii) (A) Indebtedness of any Person that becomes a Restricted Subsidiary (or of any Person not previously a
Restricted Subsidiary that is merged or consolidated with or into the Borrower or a Restricted Subsidiary) after the date hereof as a result of a Permitted Acquisition, Indebtedness of any Person that is assumed by the Borrower or any Restricted
Subsidiary in connection with an acquisition of assets by the Borrower or such Restricted Subsidiary in a Permitted Acquisition or Indebtedness incurred to finance a Permitted Acquisition and (B) any Permitted Refinancing thereof;
provided that (i) Indebtedness incurred to finance a Permitted Acquisition complies with the Required Additional Debt Terms (other than clauses (c) and (d) of the definition thereof); and (ii) such calculations shall assume
that the cash proceeds of such Indebtedness shall be excluded in calculating the amount of “unrestricted cash” used in determining the Total Net Leverage Ratio; provided further, that the Total Net Leverage Ratio on a Pro
Forma Basis (I) does not exceed 2.50:1.00 or (II) would be equal to or less than immediately prior to such assumption or incurrence of Indebtedness and such Permitted Acquisition; provided, further, that the aggregate
principal amount of such Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Loan Party outstanding in reliance on this clause (vii) shall not exceed, at the time of assumption or incurrence thereof
and after giving Pro Forma Effect thereto, together with the principal amount of any Indebtedness incurred pursuant to the corresponding proviso of Sections 6.01(xviii), an amount equal to $10,000,000 at any time outstanding; 

  
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 (viii) Indebtedness of the Borrower owing to any Restricted Subsidiary or of any
Restricted Subsidiary owing to any other Restricted Subsidiary or the Borrower, to the extent permitted by Section 6.04 and for the purposes described in Section 6.07(a)(vi), incurred in connection with intercompany tax withholding
arrangements for the purpose of paying withholding tax on vesting restricted stock units; provided that all such Indebtedness of any Loan Party owing to any Restricted Subsidiary that is not a Loan Party shall be subordinated to the Loan
Document Obligations (to the extent any such Indebtedness is outstanding at any time after the date that is 30 days after the Effective Date or such later date as the Administrative Agent may reasonably agree) (but only to the extent permitted by
applicable law and not giving rise to material adverse tax consequences) on terms (A) at least as favorable to the Lenders as those set forth in the form of intercompany note attached as Exhibit G or (B) otherwise reasonably satisfactory
to the Administrative Agent; 
 (ix) [reserved]; 

(x) Indebtedness consisting of unsecured promissory notes issued by any Loan Party to current or former officers, directors and
employees or their respective estates, spouses or former spouses to finance the purchase or redemption of Equity Interests of the Borrower permitted by Section 6.07(a); 

(xi) Indebtedness constituting indemnification obligations or obligations in respect of purchase price or other similar
adjustments incurred in any Permitted Acquisition, any other Investment or any Disposition, in each case permitted under this Agreement; 

(xii) Indebtedness consisting of (A) the Cogent Earnout Obligation and (B) any other earnout obligations, in each
case incurred in connection with any Permitted Acquisition or any other Investment permitted hereunder; provided that the aggregate principal amount of Indebtedness outstanding under this subclause (B) shall not exceed the greater of
$15,000,000 and 12% of Consolidated EBITDA for the most recently ended Test Period as of such time; 
 (xiii) Cash Management
Obligations and other Indebtedness in respect of netting services, overdraft protections and similar arrangements, in each case, in connection with deposit accounts in the ordinary course of business; 

(xiv) letters of credit and related reimbursement obligations (which may be cash collateralized) in an aggregate face amount
not to exceed $12,500,000 at any time; 
 (xv) Indebtedness consisting of the financing of insurance premiums or take-or-pay obligations contained in supply arrangements, in each case in the ordinary course of business; 

(xvi) Indebtedness incurred by the Borrower or any of the Restricted Subsidiaries in respect of letters of credit, bank
guarantees, bankers’ acceptances or similar instruments issued or created in the ordinary course of business, including in respect of workers compensation claims, health, disability or other employee benefits or property, casualty or liability
insurance or self-insurance or other reimbursement-type obligations regarding workers compensation claims; 
 (xvii)
obligations in respect of performance, bid, appeal and surety bonds and performance and completion guarantees and similar obligations provided by the Borrower or any of the Restricted Subsidiaries or obligations in respect of letters of credit, bank
guarantees or similar instruments related thereto, in each case in the ordinary course of business or consistent with past practice; 

  
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 (xviii) (A) Indebtedness of the Borrower or any of the Restricted
Subsidiaries and (B) any Permitted Refinancing of Indebtedness incurred pursuant to the foregoing clause (A); provided that (1) if such Indebtedness is secured by a Lien on the Collateral that ranks pari passu with the Liens
securing the Term Loans, the Total Net Leverage Ratio shall not exceed 2.25:1.00 determined on a Pro Forma Basis and (2) if such Indebtedness is secured on a junior or unsecured basis, the Total Net Leverage Ratio shall not exceed 2.50:1.00
determined on a Pro Forma Basis; provided further that the aggregate principal amount of Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Loan Party outstanding in reliance on this
clause (xviii) shall not exceed $10,000,000 at any time outstanding and after giving Pro Forma Effect thereto; provided further that (i) such Indebtedness complies with the Required Additional Debt Terms (other than clauses
(c) and (d) of the definition thereof); and (ii) such calculations shall assume that the cash proceeds of such Indebtedness shall be excluded in calculating the amount of “unrestricted cash” used in determining the Total Net
Leverage Ratio; 
 (xix) Indebtedness supported by a Letter of Credit, in a principal amount not to exceed the face amount of
such Letter of Credit; 
 (xx) Indebtedness of any Foreign Subsidiary in an aggregate outstanding principal amount not to
exceed $5,000,000 at any time outstanding for all Foreign Subsidiaries; 
 (xxi) unsecured Indebtedness between the Borrower
and the Restricted Subsidiaries or among Restricted Subsidiaries in connection with cash management operations of the Borrower and its Restricted Subsidiaries in the ordinary course of business; provided that any such Indebtedness is
subordinated in right of payment to the Loan Document Obligations; 
 (xxii) Indebtedness of the Borrower and the Restricted
Subsidiaries; provided that (A) at the time of the incurrence thereof and after giving Pro Forma Effect thereto, the aggregate principal amount of Indebtedness outstanding in reliance on this clause (xxii) shall not exceed the greater of
$30,000,000 and 25% of Consolidated EBITDA for the most recently ended Test Period as of such time and (B) to the extent applicable, the Administrative Agent shall have become party to an intercreditor or subordination agreement reasonably
satisfactory to the Administrative Agent; 
 (xxiii) (A) Indebtedness of the Borrower or any Subsidiary Loan Party
issued in lieu of Incremental Facilities consisting of secured or unsecured notes or loans (which notes or loans, if secured, may be secured either by Liens having equal priority with the Liens on the Collateral securing the Secured Obligations (but
without regard to control of remedies) or by Liens having a junior priority relative to the Liens on the Collateral securing the Secured Obligations) issued or incurred (x) pursuant to a public offering, a Rule 144A offering or other private
placement where assisted by a placement agent or (y) in a bridge facility or in a syndicated loan financing or otherwise in lieu of the Incremental Facilities, provided that (i) the aggregate principal amount of all such
Indebtedness incurred pursuant to this clause shall not exceed at the time of incurrence the Incremental Cap at such time, (ii) such Indebtedness complies with the Required Additional Debt Terms, and (iii) no Default or Event of Default
shall have occurred and be continuing (provided that, solely with respect to any Incremental Equivalent Debt incurred in connection with a Limited Condition Acquisition, no Default or Event of Default shall exist at the time of execution of
the definitive documentation for such Limited Condition Acquisition) and (B) any Permitted Refinancing incurred pursuant to the foregoing subclause (A); and 

  
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 (xxiv) all premiums (if any), interest (including post-petition interest), fees,
expenses, charges and additional or contingent interest on obligations described in clauses (i) through (xxiii) above. 
 (b) The
Borrower will not, and will not permit any Restricted Subsidiary to, issue any preferred Equity Interests or any Disqualified Equity Interests, except (A) in the case of the Borrower, preferred Equity Interests that are Qualified Equity
Interests and (B) preferred Equity Interests issued to and held by the Borrower or any Restricted Subsidiary. 
 Section 6.02
Liens. The Borrower will not, and will not permit any Restricted Subsidiary to, create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter acquired by it, except: 

(i) Liens created under the Loan Documents; 

(ii) Permitted Encumbrances; 

(iii) Liens existing on the Effective Date and set forth on Schedule 6.02 and any modifications, replacements, renewals or
extensions thereof; provided that (A) such modified, replacement, renewal or extension Lien does not extend to any additional property other than (1) after-acquired property that is affixed or incorporated into the property covered
by such Lien and (2) proceeds and products thereof, and (B) the obligations secured or benefited by such modified, replacement, renewal or extension Lien are permitted by Section 6.01; 

(iv) Liens securing Indebtedness permitted under Section 6.01(a)(v); provided that (A) such Liens attach
concurrently with or within 270 days after the acquisition, repair, replacement, construction or improvement (as applicable) of the property subject to such Liens, (B) such Liens do not at any time encumber any property other than the property
financed by such Indebtedness except for accessions to such property and the proceeds and the products thereof and (C) with respect to Capital Lease Obligations, such Liens do not at any time extend to or cover any assets (except for accessions
to or proceeds of such assets) other than the assets subject to such Capital Lease Obligations; provided further that individual financings of equipment provided by one lender may be cross collateralized to other financings of
equipment provided by such lender; 
 (v) leases, non-exclusive licenses,
subleases or sublicenses granted to others that do not (A) interfere in any material respect with the business of the Borrower and the Restricted Subsidiaries, taken as a whole, or (B) secure any Indebtedness; 

(vi) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in
connection with the importation of goods; 
 (vii) Liens (A) of a collection bank arising under Section 4-210 of the Uniform Commercial Code on items in the course of collection and (B) in favor of a banking institution arising as a matter of law encumbering deposits (including the right of setoff)
and that are within the general parameters customary in the banking industry; 
 (viii) Liens (A) on cash advances or
escrow deposits in favor of the seller of any property to be acquired in an Investment permitted pursuant to Section 6.04 to be applied against the purchase price for such Investment or otherwise in connection with any escrow arrangements with
respect to any such Investment or any Disposition permitted under Section 6.05 (including any letter of intent or purchase agreement with respect to such Investment or Disposition), or (B) 

  
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consisting of an agreement to dispose of any property in a Disposition permitted under Section 6.05, in each case, solely to the extent such Investment or Disposition, as the case may be,
would have been permitted on the date of the creation of such Lien; 
 (ix) Liens on property of any Restricted Subsidiary
that is not a Loan Party, which Liens secure Indebtedness of such Restricted Subsidiary or another Restricted Subsidiary that is not a Loan Party, in each case permitted under Section 6.01; 

(x) [reserved]; 

(xi) Liens existing on property at the time of its acquisition or existing on the property of any Person at the time such
Person becomes a Restricted Subsidiary, in each case after the Effective Date (other than Liens on the Equity Interests of any Person that becomes a Restricted Subsidiary); provided that (A) such Lien was not created in contemplation of
such acquisition or such Person becoming a Restricted Subsidiary, (B) such Lien does not extend to or cover any other assets or property (other than the proceeds or products thereof and other than after-acquired property subject to a Lien
securing Indebtedness and other obligations incurred prior to such time and which Indebtedness and other obligations are permitted hereunder that require or include, pursuant to their terms at such time, a pledge of after-acquired property, it being
understood that such requirement shall not be permitted to apply to any property to which such requirement would not have applied but for such acquisition) and (C) the Indebtedness secured thereby is permitted under Section 6.01(a)(v) or
(vii); 
 (xii) any interest or title of a lessor under leases (other than leases constituting Capital Lease Obligations)
entered into by any of the Borrower or any Restricted Subsidiaries in the ordinary course of business; 
 (xiii) Liens
arising out of conditional sale, title retention, consignment or similar arrangements for sale of goods by any of the Borrower or any Restricted Subsidiaries in the ordinary course of business; 

(xiv) Liens deemed to exist in connection with Investments in repurchase agreements under clause (e) of the definition of
the term “Permitted Investments”; 
 (xv) Liens encumbering reasonable customary initial deposits and margin
deposits and similar Liens attaching to commodity trading accounts or other brokerage accounts incurred in the ordinary course of business and not for speculative purposes; 

(xvi) Liens that are contractual rights of setoff (A) relating to the establishment of depository relations with banks not
given in connection with the incurrence of Indebtedness, (B) relating to pooled deposit or sweep accounts to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of the Borrower and the Restricted
Subsidiaries or (C) relating to purchase orders and other agreements entered into with customers of the Borrower or any Restricted Subsidiary in the ordinary course of business; 

(xvii) ground leases in respect of real property on which facilities owned or leased by the Borrower or any of the Restricted
Subsidiaries are located; 
 (xviii) Liens on insurance policies and the proceeds thereof securing the financing of the
premiums with respect thereto; 

  
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 (xix) Liens (A) on the Collateral securing Credit Agreement Refinancing
Indebtedness, (B) on the Collateral securing Incremental Equivalent Debt permitted pursuant to Section 6.01(a)(xxiii) and (C) on the Collateral securing Indebtedness permitted pursuant to Section 6.01(a)(xviii); 

(xx) [reserved]; 

(xxi) other Liens; provided that at the time of the granting of and after giving Pro Forma Effect to any such Lien and
the obligations secured thereby (including the use of proceeds thereof) the aggregate outstanding face amount of obligations secured by Liens existing in reliance on this clause (xxi) shall not exceed the greater of $20,000,000 and 15% of
Consolidated EBITDA for the most recently ended Test Period as of such time; 
 (xxii) Liens securing indebtedness permitted
under Section 6.01(a)(xiv); and 
 (xxiii) Liens securing the Indebtedness of Foreign Subsidiaries under
Section 6.01(a)(xx); provided that such Liens apply only to the assets of Foreign Subsidiaries. 
 (b) Each Domestic Regulated
Subsidiary will not create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter acquired by it, except for Liens permitted pursuant to Section 6.01(a)(i), (a)(ii), (a)(v), (a)(vi), (a)(vii) and (a)(xi)
through (a)(xvii). 
 Section 6.03 Fundamental Changes. 

(a) The Borrower will not, nor will it permit any Restricted Subsidiary to, merge into or consolidate with any other Person, or permit any
other Person to merge into or consolidate with it, or liquidate or dissolve, except that: 
 (i) any Restricted Subsidiary
may merge, consolidate or amalgamate with (A) the Borrower; provided that the Borrower shall be the continuing or surviving Person, or (B) in the case of any Restricted Subsidiary, any one or more other Restricted Subsidiaries;
provided that when any Subsidiary Loan Party is merging, consolidating or amalgamating with another Restricted Subsidiary (1) the continuing or surviving Person shall be a Subsidiary Loan Party or (2) if the continuing or surviving
Person is not a Subsidiary Loan Party, the acquisition of such Subsidiary Loan Party by such surviving Restricted Subsidiary is otherwise permitted under Section 6.04 (other than Section 6.04(c)); 

(ii) (A) any Restricted Subsidiary that is not a Loan Party may merge, consolidate or amalgamate with or into any other
Restricted Subsidiary that is not a Loan Party and (B) any Restricted Subsidiary may liquidate or dissolve or change its legal form if the Borrower determines in good faith that such action is in the best interests of the Borrower and the
Restricted Subsidiaries and is not materially disadvantageous to the Lenders; 
 (iii) any Restricted Subsidiary may make a
Disposition of all or substantially all of its assets (upon voluntary liquidation or otherwise) to another Restricted Subsidiary; provided that if the transferor in such a transaction is a Loan Party, then (A) the transferee must be a
Loan Party, (B) to the extent constituting an Investment, such Investment must be a permitted Investment in a Restricted Subsidiary that is not a Loan Party in accordance with Section 6.04 or (C) to the extent constituting a
Disposition to a Restricted Subsidiary that is not a Loan Party, such Disposition is for fair value and any promissory note or other non-cash consideration received in respect thereof is a permitted Investment
in a Restricted Subsidiary that is not a Loan Party in accordance with Section 6.04; 

  
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 (iv) the Borrower may merge, consolidate or amalgamate with any other Person;
provided that (A) the Borrower shall be the continuing or surviving Person or (B) if the Person formed by or surviving any such merger, consolidation or amalgamation is not the Borrower (any such Person, the “Successor
Borrower”), (1) the Successor Borrower shall be an entity organized or existing under the laws of the United States, any State thereof or the District of Columbia, (2) the Successor Borrower shall expressly assume all the obligations
of the Borrower under this Agreement and the other Loan Documents to which the Borrower is a party pursuant to a supplement hereto or thereto in form and substance reasonably satisfactory to the Administrative Agent, (3) each Loan Party other
than the Borrower, unless it is the other party to such merger, consolidation or amalgamation, shall have reaffirmed, pursuant to an agreement in form and substance reasonably satisfactory to the Administrative Agent, that its Guarantee of, and
grant of any Liens as security for, the Secured Obligations shall apply to the Successor Borrower’s obligations under this Agreement and (4) the Borrower shall have delivered to the Administrative Agent a certificate of a Responsible
Officer and an opinion of counsel, each stating that such merger or consolidation complies with this Agreement; provided further that (y) if such Person is not a Loan Party, no Default exists after giving effect to such merger or
consolidation and (z) if the foregoing requirements are satisfied, the Successor Borrower will succeed to, and be substituted for, the Borrower under this Agreement and the other Loan Documents; provided further that the Borrower
shall have delivered to the Administrative Agent any documentation and other information about the Successor Borrower as shall have been reasonably requested in writing by the Administrative Agent or any Lender through the Administrative Agent that
the Administrative Agent or such Lender, as applicable, shall have reasonably determined is required by regulatory authorities under applicable “know your customer” and Anti-Money Laundering Laws, including without limitation the USA
PATRIOT Act (and the results thereof shall be satisfactory to the Administrative Agent or such Lender, as applicable); 
 (v)
any Restricted Subsidiary may merge, consolidate or amalgamate with any other Person in order to effect an Investment permitted pursuant to Section 6.04; provided that the continuing or surviving Person shall be a Restricted Subsidiary,
which together with each of the Restricted Subsidiaries, shall have complied with the requirements of Sections 5.11 and 5.12 and if the other party to such transaction is not a Loan Party, no Default exists after giving effect to such transaction;
and 
 (vi) any Restricted Subsidiary may effect a merger, dissolution, liquidation consolidation or amalgamation to effect a
Disposition permitted pursuant to Section 6.05 (other than Section 6.05(e)); provided that if the other party to such transaction is not a Loan Party, no Default exists after giving effect to the transaction. 

(b) The Borrower will not, and will not permit any Restricted Subsidiary to, engage to any material extent in any business other than
businesses of the type conducted by the Borrower and the Restricted Subsidiaries on the Effective Date and businesses activities which are extensions thereof or otherwise incidental, reasonably related or ancillary to any of the foregoing. 

Section 6.04 Investments, Loans, Advances, Guarantees and Acquisitions. The Borrower will not, and will not permit any Restricted
Subsidiary to, make or hold any Investment, except: 
 (a) Permitted Investments; 

  
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 (b) loans or advances to officers, directors and employees of the Borrower and the Restricted
Subsidiaries (i) for reasonable and customary business-related travel, entertainment, relocation and analogous ordinary business purposes, (ii) in connection with such Person’s purchase of Equity Interests of the Borrower
(provided that the amount of such loans and advances made in cash to such Person shall be contributed to the Borrower in cash as common equity or Qualified Equity Interests) and (iii) for purposes not described in the foregoing
clauses (i) and (ii), in an aggregate principal amount outstanding at any time not to exceed $5,000,000; 
 (c) Investments (i) by
the Borrower or any Restricted Subsidiary in the Borrower or any Subsidiary Loan Party (excluding any new Restricted Subsidiary that becomes a Subsidiary Loan Party pursuant to such Investment), (ii) by any Restricted Subsidiary that is not a Loan
Party in any other Restricted Subsidiary that is also not a Loan Party (including any Regulated Subsidiary in any other Regulated Subsidiary), (iii) by the Borrower or any Restricted Subsidiary (A) in any Restricted Subsidiary; provided
that the aggregate amount of such Investments made by Loan Parties after the Effective Date in Restricted Subsidiaries that are not Loan Parties in reliance on this clause (iii)(A) (together with the amount of Investments made in Restricted
Subsidiaries that are not Loan Parties pursuant to Section 6.04(h)) shall not exceed $40,000,000 at the time of any such Investment, (B) in any Restricted Subsidiary that is not a Loan Party, constituting an exchange of Equity Interests of
such Restricted Subsidiary for Indebtedness of such Subsidiary or (C) constituting Guarantees of Indebtedness or other monetary obligations of Restricted Subsidiaries that are not Loan Parties owing to any Loan Party, (iv) by the Borrower
or any Restricted Subsidiary in Restricted Subsidiaries that are not Loan Parties so long as such Investment is part of a series of simultaneous Investments that result in the proceeds of the initial Investment being invested in one or more Loan
Parties and (v) by the Borrower or any Restricted Subsidiary in any Restricted Subsidiary that is not a Loan Party, consisting of the contribution of Equity Interests of any other Restricted Subsidiary that is not a Loan Party so long as the
Equity Interests of the transferee Restricted Subsidiary are pledged to secure the Secured Obligations; 
 (d) Investments consisting of
extensions of trade credit and accommodation guarantees in the ordinary course of business; 
 (e) Investments (i) existing or
contemplated on the Effective Date and set forth on Schedule 6.04(e) and any modification, replacement, renewal, reinvestment or extension thereof and (ii) Investments existing on the Effective Date by the Borrower or any Restricted
Subsidiary in the Borrower or any Restricted Subsidiary and any modification, renewal or extension thereof; provided that the amount of the original Investment is not increased except by the terms of such Investment to the extent set forth on
Schedule 6.04(e) or as otherwise permitted by this Section 6.04; 
 (f) Investments in Swap Agreements incurred in the ordinary course
of business and not for speculative purposes; 
 (g) promissory notes and other non-cash
consideration received in connection with Dispositions permitted by Section 6.05; 
 (h) Permitted Acquisitions; provided that
(i) the aggregate amount of consideration paid or provided by the Borrower or any other Loan Party after the Effective Date in reliance on this Section 6.04(h) (together with the amount of Investments made in Restricted Subsidiaries that
are not Loan Parties pursuant to Section 6.04(c)) for Permitted Acquisitions for any Restricted Subsidiary that shall not be, or, after giving effect to such Permitted Acquisition, shall not become, a Loan Party and for any assets that shall
not be, or after giving effect to such Permitted Acquisition shall not become, Collateral, shall not exceed $40,000,000 at such time; (ii) no Default or Event of Default has occurred or is continuing at the

  
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time of consummation of such Investment; and (iii) at the time of consummation of such Investment and immediately after giving effect thereto, the Borrower shall be in Pro Forma Compliance
with the Financial Performance Covenant set forth in Section 6.11 as of the end of the most recently ended Test Period (and assuming that the Financial Performance Covenant is required to be tested for such Test Period, whether or not otherwise
then in effect); 
 (i) Investments by the Borrower in any Restricted Subsidiary or by any Restricted Subsidiary in any other Restricted
Subsidiary or the Borrower incurred in connection with intercompany tax withholding arrangements for the purpose of paying withholding tax on vesting restricted stock units as contemplated by Section 6.07(a)(iv); 

(j) Investments in the ordinary course of business consisting of Uniform Commercial Code Article 3 endorsements for collection or deposit
and Uniform Commercial Code Article 4 customary trade arrangements with customers consistent with past practices; 
 (k) Investments
(including debt obligations and Equity Interests) received in connection with the bankruptcy or reorganization of suppliers and customers or in settlement of delinquent obligations of, or other disputes with, customers and suppliers or upon the
foreclosure with respect to any secured Investment or other transfer of title with respect to any secured Investment; 
 (l) loans and
advances to the Borrower in lieu of, and not in excess of the amount of (after giving effect to any other loans, advances or Restricted Payments in respect thereof), Restricted Payments to the extent permitted to be made to the Borrower (or such
parent) in accordance with Section 6.07(a)(iv), (vi) or (vii); 
 (m) other Investments and other acquisitions; provided that at
the time any such Investment or other acquisition is made, the aggregate outstanding amount of all Investments made in reliance on this clause (m), together with the aggregate amount of all consideration paid in connection with all other
acquisitions made in reliance on this clause (m) (including the aggregate principal amount of all Indebtedness assumed in connection with any such other acquisition), shall not exceed the sum of (A) the Initial Restricted Payment Amount plus
(B) the Available Amount that is Not Otherwise Applied, plus (C) the Available Equity Amount that is Not Otherwise Applied; provided further that, (x) the Total Leverage Ratio shall not exceed 2.50:1.00 as of such time
determined on a Pro Forma Basis and (y) to the extent such Investment (A) constitutes a Limited Condition Acquisition, no Default or Event of Default is occurring or continuing at the time of execution of the definitive documentation
governing such Limited Condition Acquisition and (other than in connection with any Limited Condition Acquisition financed solely with the proceeds of any Incremental Facility or Incremental Equivalent Debt) and no Event of Default under
Section 7.01(a), (b), (h) or (i) shall have occurred or be continuing at the time of consummation of such Limited Condition Acquisition) and (B) does not constitute a Limited Condition Acquisition, no Default or Event of Default is
occurring or continuing at the time of consummation of such Investment; 
 (n) advances of payroll payments to employees in the ordinary
course of business; 
 (o) Investments and other acquisitions to the extent that payment for such Investments is made with Qualified
Equity Interests of the Borrower; 
 (p) Investments of a Subsidiary acquired after the Effective Date or of a Person merged or consolidated
with any Subsidiary in accordance with this Section 6.04 and Section 6.03 after the Effective Date or that otherwise becomes a Subsidiary (provided that if such Investment is made under Section 6.04(h), existing Investments in
subsidiaries of such Subsidiary or Person shall comply with the 

  
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requirements of Section 6.04(h) or 6.04(m) or any other paragraph of this Section 6.04) to the extent that such Investments were not made in contemplation of or in connection with such
acquisition, merger or consolidation and were in existence on the date of such acquisition, merger or consolidation; 
 (q) receivables
(other than in respect of Indebtedness for borrowed money) owing to the Borrower or any Restricted Subsidiary, if created or acquired in the ordinary course of business; 

(r) [reserved]; 
 (s) Investments
(A) for utilities, security deposits, leases and similar prepaid expenses incurred in the ordinary course of business and (B) trade accounts created, or prepaid expenses accrued, in the ordinary course of business; 

(t) Investments in Joint Ventures in an aggregate amount not to exceed $10,000,000 at any time outstanding; provided that no Default or
Event of Default has occurred or is continuing at the time of consummation of such Investment; 
 (u) [reserved]; 

(v) [reserved]; and 
 (w) other
Investments; provided that after giving effect to such Investment on a Pro Forma Basis, (A) the Total Leverage Ratio is less than or equal to 1.50:1.00 as of such time determined on a Pro Forma Basis, (B) to the extent such
Investment (x) constitutes a Limited Condition Acquisition, no Default or Event of Default is occurring or continuing at the time of execution of the definitive documentation governing such Limited Condition Acquisition and (other than in
connection with any Limited Condition Acquisition financed solely with the proceeds of any Incremental Facility or Incremental Equivalent Debt) and no Event of Default under Section 7.01(a), (b), (h) or (i) shall have occurred or be
continuing at the time of consummation of such Limited Condition Acquisition) and (y) does not constitute a Limited Condition Acquisition, no Default or Event of Default is occurring or continuing at the time of consummation of such Investment
and (C) the aggregate outstanding principal amount of the Term Facility is no greater than $200,000,000. 
 Section 6.05 Asset
Sales. The Borrower will not, and will not permit any Restricted Subsidiary to, (i) sell, transfer, lease or otherwise dispose of any asset, including any Equity Interest owned by it or (ii) permit any Restricted Subsidiary to issue
any additional Equity Interest in such Restricted Subsidiary (other than issuing directors’ qualifying shares, nominal shares issued to foreign nationals to the extent required by applicable Requirements of Law and other than issuing Equity
Interests to the Borrower or a Restricted Subsidiary in compliance with Section 6.04(c)) (each, a “Disposition”), except: 

(a) Dispositions of obsolete or worn out property, whether now owned or hereafter acquired, in the ordinary course of business and Dispositions
of property no longer used or useful in the conduct of the business of the Borrower and the Restricted Subsidiaries; 
 (b) Dispositions of
inventory and other assets in the ordinary course of business; 
 (c) Dispositions of property to the extent that (i) such property is
exchanged for credit against the purchase price of similar replacement property or (ii) the proceeds of such Disposition are promptly applied to the purchase price of such replacement property; 

  
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 (d) Dispositions of property to the Borrower or a Restricted Subsidiary; provided that if
the transferor in such a transaction is a Loan Party, then (i) the transferee must be a Loan Party, (ii) to the extent constituting an Investment, such Investment must be a permitted Investment in a Restricted Subsidiary that is not a Loan
Party in accordance with Section 6.04 or (iii) to the extent constituting a Disposition to a Restricted Subsidiary that is not a Loan Party, such Disposition is for fair value and any promissory note or other
non-cash consideration received in respect thereof is a permitted Investment in a Restricted Subsidiary that is not a Loan Party in accordance with Section 6.04; 

(e) Dispositions permitted by Section 6.03, Investments permitted by Section 6.04, Restricted Payments permitted by Section 6.07
and Liens permitted by Section 6.02; 
 (f) Dispositions pursuant to sale-leaseback transactions permitted by Section 6.06 of
property acquired by the Borrower or any of the Restricted Subsidiaries after the Effective Date; 
 (g) Dispositions of Permitted
Investments; 
 (h) Dispositions of accounts receivable in connection with the collection or compromise thereof; 

(i) leases, subleases, non-exclusive licenses or sublicenses (including the provision of software under
an open source license), in each case in the ordinary course of business and that do not materially interfere with the business of the Borrower and the Restricted Subsidiaries, taken as a whole; 

(j) transfers of property subject to Casualty Events upon receipt of the Net Proceeds of such Casualty Event; 

(k) Dispositions of property to Persons other than the Borrower and the Restricted Subsidiaries (including the sale or issuance of Equity
Interests of a Restricted Subsidiary) not otherwise permitted under this Section 6.05; provided that (i) no Default shall exist at the time of, or would result from, such Disposition (other than any such Disposition made pursuant to
a legally binding commitment entered into at a time when no Default existed or would have resulted from such Disposition) and (ii) with respect to any Disposition pursuant to this clause (k) for a purchase price in excess of $10,000,000,
the Borrower or a Restricted Subsidiary shall receive not less than 75% of such consideration in the form of cash or Permitted Investments; provided, however, that for the purposes of this clause (ii) any liabilities (as shown on
the most recent balance sheet of the Borrower provided hereunder or in the footnotes thereto) of the Borrower or such Restricted Subsidiary, other than liabilities that are by their terms subordinated in right of payment to the Loan Document
Obligations, that are assumed by the transferee with respect to the applicable Disposition and for which the Borrower and all of the Restricted Subsidiaries shall have been validly released by all applicable creditors in writing, shall be deemed to
be cash, and any Designated Non-Cash Consideration received by the Borrower or such Restricted Subsidiary in respect of such Disposition having an aggregate fair market value, taken together with all other
Designated Non-Cash Consideration received pursuant to this clause (k) that is at that time outstanding, not in excess of 5% of Consolidated EBITDA calculated on a Pro Forma Basis for the most recently
ended Test Period as of the time of the receipt of such Designated Non-Cash Consideration, with the fair market value of each item of Designated Non-Cash Consideration
being measured at the time received and without giving effect to subsequent changes in value, shall be deemed to be cash; provided that in no event shall a Disposition pursuant to this Section 6.05(k) be construed to permit a Disposition
of all or substantially all of the assets of the Borrower and the Restricted Subsidiaries; and 

  
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 (l) Dispositions of Investments in Joint Ventures, to the extent required by, or made pursuant to
customary buy/sell arrangements between, the joint venture parties set forth in joint venture arrangements and similar binding arrangements. 

provided that any Disposition of any property pursuant to this Section 6.05 (except pursuant to Sections 6.05(a) and 6.05(e) and except for
Dispositions by a Loan Party to another Loan Party), shall be for no less than the fair market value of such property at the time of such Disposition. 

Section 6.06 Sale and Leaseback Transactions. The Borrower will not, and will not permit any Restricted Subsidiary to, enter into
any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it
intends to use for substantially the same purpose or purposes as the property sold or transferred, except for any such sale of any fixed or capital assets by the Borrower or any Restricted Subsidiary that is made for cash consideration in an amount
not less than the fair value of such fixed or capital asset and is consummated within 270 days after the Borrower or such Restricted Subsidiary, as applicable, acquires or completes the construction of such fixed or capital asset;
provided that, if such sale and leaseback results in a Capital Lease Obligation, such Capital Lease Obligation is permitted by Section 6.01 and any Lien securing such Capital Lease Obligation is permitted by Section 6.02. 

Section 6.07 Restricted Payments; Certain Payments of Indebtedness. 

(a) The Borrower will not, and will not permit any Restricted Subsidiary to, declare or make, or agree to pay or make, directly or indirectly,
any Restricted Payment, except: 
 (i) each Restricted Subsidiary may make Restricted Payments to the Borrower or to any
Restricted Subsidiary (and, in the case of a Restricted Payment by a Restricted Subsidiary that is not a Wholly Owned Subsidiary of the Borrower, to the Borrower or any other Restricted Subsidiary and to each other owner of Equity Interests of such
Restricted Subsidiary based on their relative ownership interests of the relevant class of Equity Interests); 
 (ii) the
Borrower and each Restricted Subsidiary may declare and make dividend payments or other distributions payable solely in the Equity Interests of such Person; provided that in the case of any such Restricted Payment by a Restricted Subsidiary
that is not a Wholly Owned Subsidiary of the Borrower, such Restricted Payment is made to the Borrower, any Restricted Subsidiary and to each other owner of Equity Interests of such Restricted Subsidiary based on their relative ownership interests
of the relevant class of Equity Interests; 
 (iii) Restricted Payments made in connection with or in order to consummate the
Transactions and to otherwise repurchase the common stock of the Borrower through tender offers or open market purchases in an amount not to exceed $285,000,000 in the aggregate; 

(iv) repurchases of Equity Interests in the Borrower or any Restricted Subsidiary deemed to occur upon exercise of stock
options or warrants if such Equity Interests represent a portion of the exercise price or withholding taxes payable in connection with the exercise of such options or warrants; 

(v) [reserved]; 

(vi) payments for the repurchase of Equity Interests of the Borrower held by any present or former employee, director, member
of management, officer, manager or consultant (or 

  
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any Affiliate or Immediate Family Member thereof) for the purpose of making payments of withholding tax on the vesting of restricted stock units or deferred stock units, in an amount not to
exceed the sum of (x) $20,000,000 in any fiscal year and (y) unused amounts permitted pursuant to Section 6.07(a)(iii); 

(vii) in addition to the foregoing Restricted Payments, the Borrower may make additional Restricted Payments in an aggregate
amount, together with the aggregate amount of (1) prepayments, redemptions, purchases, defeasances and other payments in respect of the Junior Financing made pursuant to Section 6.07(b)(iv) and (2) loans and advances made pursuant to
Section 6.04(l) in lieu of Restricted Payments permitted by this clause (vii), not to exceed the sum of (A) the Initial Restricted Payment Amount plus (B) the Available Amount that is Not Otherwise Applied plus
(C) the Available Equity Amount that is Not Otherwise Applied; provided that, (x) the Total Net Leverage Ratio shall not exceed 2.50:1.00 as of such time determined on a Pro Forma Basis and (y) with respect to any Restricted
Payment (A) not made in connection with a Limited Condition Acquisition, no Default or Event of Default has occurred or is continuing at the time of consummation of such Restricted Payment and (B) made in connection with a Limited
Condition Acquisition, no Default or Event of Default shall exist at the time of execution of the definitive documentation governing such Limited Condition Acquisition and (other than in connection with any Restricted Payment made in connection with
a Limited Condition Acquisition and is financed solely with the proceeds of any Incremental Facility or Incremental Equivalent Debt) no Event of Default under Section 7.01(a), (b), (h) or (i) shall have occurred or be continuing at the
time of consummation of such Limited Condition Acquisition; 
 (viii) redemptions in whole or in part of any of its Equity
Interests for another class of its Equity Interests or with proceeds from substantially concurrent equity contributions or issuances of new Equity Interests; provided that such new Equity Interests contain terms and provisions at least as
advantageous to the Lenders in all respects material to their interests as those contained in the Equity Interests redeemed thereby; 

(ix) other Restricted Payments; provided that after giving effect to such Restricted Payment on a Pro Forma Basis,
(A) the Total Leverage Ratio is less than or equal to 1.50:1.00 as of such time and (B) to the extent such Investment (x) constitutes a Limited Condition Acquisition, no Default or Event of Default is occurring or continuing at the
time of execution of the definitive documentation governing such Limited Condition Acquisition and (other than in connection with any Limited Condition Acquisition financed solely with the proceeds of any Incremental Facility or Incremental
Equivalent Debt) and no Event of Default under Section 7.01(a), (b), (h) or (i) shall have occurred or be continuing at the time of consummation of such Limited Condition Acquisition) and (y) does not constitute a Limited Condition
Acquisition, no Default or Event of Default is occurring or continuing at the time of consummation of such Investment and (C) the aggregate outstanding principal amount of the Term Facility is no greater than $200,000,000; and 

(x) to make dividends or distributions in respect of Equity Interests and restricted stock units of the Borrower in an amount
not to exceed $5,000,000 (grossed up for any applicable withholding) in any fiscal year, which amount, if not used, may be carried forward to subsequent future years; provided that, for the avoidance of doubt, with respect to the fiscal year ending
December 31, 2017, this Section 6.07(a)(x) shall only apply to dividends or distributions made on or after the Effective Date. 

  
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 (b) The Borrower will not, nor will it permit any Restricted Subsidiary to, make or agree to pay
or make, directly or indirectly, any prepayment, purchase or redemption (whether in cash, securities or other property) of or in respect of principal or any interest, fees or other amounts of any Junior Financing (which, solely for purposes of this
Section 6.07(b), shall exclude any Junior Financing having an aggregate principal amount less than $10,000,000 (any Junior Financing in excess of such aggregate principal amount, “Restricted Junior Financing”)), including any
sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of the principal of any Restricted Junior Financing that has a substantially similar effect to any of the foregoing
(collectively, a “Repayment”), except: 
 (i) payment of regularly scheduled interest, principal payments
and prepayment premiums and any other amounts, in each case, as in the form of payment and when due in respect of any Indebtedness, other than payments in respect of any Restricted Junior Financing prohibited by the subordination provisions thereof,
if any; 
 (ii) refinancings of Indebtedness to the extent permitted by Section 6.01; 

(iii) the conversion of any Restricted Junior Financing to Equity Interests (other than Disqualified Equity Interests) of the
Borrower or any of its direct or indirect parent companies; 
 (iv) Repayments, in respect of Restricted Junior Financing
prior to their scheduled maturity in an aggregate amount, together with the aggregate amount of (1) Restricted Payments made pursuant to Section 6.07(a)(vii) and (2) loans and advances made pursuant to Section 6.04(l) in lieu
thereof not to exceed the sum of (A) the Initial Restricted Payment Amount, plus (B) the Available Amount that is Not Otherwise Applied plus (C) the Available Equity Amount that is Not Otherwise Applied; provided
that, (i) no Default or Event of Default has occurred or is continuing at the time of consummation of such Restricted Payments (provided that solely with respect to any Repayment made in connection with a Limited Condition Acquisition,
no Default or Event of Default shall exist at the time of execution of the definitive documentation governing such Limited Condition Acquisition and (other than in connection with any Repayment made in connection with a Limited Condition Acquisition
and is financed solely with the proceeds of any Incremental Facility or Incremental Equivalent Debt) no Event of Default under Section 7.01(a), (b), (h) or (i) shall have occurred or be continuing at the time of consummation of such
Limited Condition Acquisition) and (ii) the Total Leverage Ratio shall not exceed 2.50:1.00 as of such time determined on a Pro Forma Basis and; 

(v) so long as no Default or Event of Default has occurred or is continuing (provided that, solely with respect to any
Repayment made in connection with a Limited Condition Acquisition, no Default or Event of Default shall exist at the time of execution of the definitive documentation governing such Limited Condition Acquisition and (other than in connection with
any Repayment made in connection with a Limited Condition Acquisition and is financed solely with the proceeds of any Incremental Facility or Incremental Equivalent Debt) no Event of Default under Section 7.01(a), (b), (h) or (i) shall
have occurred or be continuing at the time of consummation of such Limited Condition Acquisition), other Repayments of Junior Financing; provided that after giving effect to such Restricted Payment (A) the Total Leverage Ratio is equal
to or less than 1.50:1.00 as of such time determined on a Pro Forma Basis and (B) the aggregate outstanding principal amount of the Term Facility is no greater than $200,000,000; and 

(vi) Repayments in respect of Restricted Junior Financings in an amount not to exceed $5,000,000 in any fiscal year. 

  
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 Section 6.08 Transactions with Affiliates. The Borrower will not, and will not permit
any Restricted Subsidiary to, sell, lease or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except
(i) transactions with the Borrower or any Restricted Subsidiary to the extent permitted and not prohibited under this Agreement, (ii) on terms substantially as favorable to the Borrower or such Restricted Subsidiary as would be obtainable
by such Person at the time in a comparable arm’s-length transaction with a Person other than an Affiliate, (iii) the payment of fees and expenses related to the Transactions, (iv) [reserved], (v)
issuances of Equity Interests of the Borrower to the extent otherwise permitted by this Agreement, (vi) employment and severance arrangements between the Borrower and the Restricted Subsidiaries and their respective officers and employees in
the ordinary course of business or otherwise in connection with the Transactions (including loans and advances pursuant to Sections 6.04(b) and 6.04(n)), (vii) [reserved], (viii) the payment of customary fees and reasonable out-of-pocket costs to, and indemnities provided on behalf of, directors, officers and employees of the Borrower and the Restricted Subsidiaries in the ordinary course of
business to the extent attributable to the ownership or operation of the Borrower and the Restricted Subsidiaries, (ix) transactions pursuant to permitted agreements in existence or contemplated on the Effective Date and set forth on
Schedule 6.08 or any amendment thereto to the extent such an amendment is not adverse to the Lenders in any material respect, and (x) Restricted Payments permitted under Section 6.07. 

Section 6.09 Restrictive Agreements. The Borrower will not, and will not permit any Restricted Subsidiary to, directly or
indirectly, enter into, incur or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition upon (a) the ability of the Borrower or any Subsidiary Loan Party to create, incur or permit to exist any
Lien upon any of its property or assets to secure the Secured Obligations or (b) the ability of any Restricted Subsidiary that is not a Loan Party to pay dividends or other distributions with respect to any of its Equity Interests or to make or
repay loans or advances to the Borrower or any Restricted Subsidiary or to Guarantee Indebtedness of any Restricted Subsidiary; provided that the foregoing clauses (a) and (b) shall not apply to any such restrictions that (i)(x) exist on
the Effective Date and (to the extent not otherwise permitted by this Section 6.09) are listed on Schedule 6.09 and (y) any renewal or extension of a restriction permitted by clause (i)(x) or any agreement evidencing such restriction
so long as such renewal or extension does not expand the scope of such restrictions, (ii)(x) are binding on a Restricted Subsidiary at the time such Restricted Subsidiary first becomes a Restricted Subsidiary, so long as such restrictions were
not entered into solely in contemplation of such Person becoming a Restricted Subsidiary and (y) any renewal or extension of a restriction permitted by clause (ii)(x) or any agreement evidencing such restriction so long as such renewal or
extension does not expand the scope of such restrictions, (iii) represent Indebtedness of a Restricted Subsidiary that is not a Loan Party that is permitted by Section 6.01, (iv) are customary restrictions that arise in connection with any
Disposition permitted by Section 6.05 applicable pending such Disposition solely to the assets subject to such Disposition, (v) are customary provisions in joint venture agreements and other similar agreements applicable to Joint Ventures
permitted under Section 6.04, (vi) are negative pledges and restrictions on Liens in favor of any holder of Indebtedness permitted under Section 6.01 but solely to the extent any negative pledge relates to the property financed by or
securing such Indebtedness (and excluding in any event any Indebtedness constituting any Subordinated Indebtedness), (vii) are imposed by Requirements of Law, (viii) are customary restrictions contained in leases, subleases, licenses or asset
sale agreements otherwise permitted hereby so long as such restrictions relate only to the assets subject thereto, (ix) comprise restrictions imposed by any agreement relating to secured Indebtedness permitted pursuant to
Section 6.01(a)(v) to the extent that such restrictions apply only to the property or assets securing such Indebtedness, (x) are customary provisions restricting subletting or assignment of any lease governing a leasehold interest of the
Borrower or any Restricted Subsidiary, (xi) are customary provisions restricting assignment of any license, lease or other agreement, (xii) are restrictions on cash (or Permitted Investments) or deposits imposed by customers under
contracts entered into in the ordinary course of 

  
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business (or otherwise constituting Permitted Encumbrances on such cash or Permitted Investments or deposits), (xiii) are customary net worth provisions contained in real property leases or
licenses of intellectual property entered into by the Borrower or any Restricted Subsidiary, so long as the Borrower has determined in good faith that such net worth provisions could not reasonably be expected to impair the ability of the Borrower
and its subsidiaries to meet their ongoing obligation and/or (xiv) comprise restrictions imposed by any agreement relating to Indebtedness permitted pursuant to Section 6.01 to the extent that such restrictions or encumbrances are, in the
good faith judgment of the Borrower, not materially more restrictive with respect to such encumbrances and other restrictions, taken as a whole, than the corresponding restrictions or encumbrances hereunder. 

Section 6.10 Amendment of Junior Financing Documents and Organizational Documents. The Borrower will not, nor will it permit any
Restricted Subsidiary to, amend, modify, waive, terminate or release the documentation governing any other Junior Financing or Organizational Documents, in each case if the effect of such amendment, modification, waiver, termination or release is
materially adverse to the Lenders (as reasonably determined by the Administrative Agent); provided that such modification will not be deemed to be materially adverse if such Junior Financing could be otherwise incurred under this Agreement
(including as Indebtedness that does not constitute a Junior Financing) with such terms as so modified at the time of such modification. 

Section 6.11 Financial Performance Covenant. As of the last day of each fiscal quarter of the Borrower (commencing with the fiscal
quarter ending December 31, 2017) and so long as the average outstanding daily balance of the Revolving Loans for the four fiscal quarters then ended (excluding all drawn and undrawn Letters of Credit) exceeds $12.5 million,
(provided that, to the extent the aggregate amount of Revolving Commitments is increased (or permanently reduced) pursuant to the terms of the Loan Documents, such amount shall be ratably increased (or decreased, as applicable)), shall not
permit the Total Net Leverage Ratio as of the end of such fiscal quarter of the Borrower to be greater than the ratio set forth below opposite such date, as of such date: 
  

			
	 Fiscal Quarter Ending
	  	 Total Net Leverage Ratio

	December 31, 2017 to December 31, 2018	  	4.00:1.00
		
	December 31, 2018 to December 31, 2019	  	3.75:1.00
		
	December 31, 2019 to December 31, 2020	  	3.50:1.00
		
	December 31, 2020 to December 31, 2021	  	3.25:1.00
		
	December 31, 2021 and thereafter	  	3.00:1.00

 Section 6.12 Changes in Fiscal Year. The Borrower will not make any change in fiscal year;
provided, however, that the Borrower may, upon written notice to the Administrative Agent, change its fiscal year to any other fiscal year reasonably acceptable to the Administrative Agent, in which case, the Borrower and the Administrative Agent
will, and are hereby authorized by the Lenders to, make any adjustments to this Agreement that are necessary to reflect such change in fiscal year. 

Section 6.13 Anti-Corruption Laws; Anti-Money Laundering Laws; Sanctions. The Borrower shall not, directly or indirectly:
(i) use any part of the proceeds of the Loans or any Letter of Credit (A) for any payments to any governmental official or employee, political party, official of a political party, candidate for political office or anyone else acting in an
official capacity, in order to obtain, retain or direct business or obtain any improper advantage, or (B) in any manner that would constitute or give rise to 

  
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a violation of any applicable Anti-Corruption Laws or Anti-Money-Laundering Laws; (ii) use any part of the proceeds of the Loans or any Letter of Credit, or lend, contribute or otherwise
make available such proceeds or any such Letter of Credit to any Person, to fund or finance any business or activities of, with, in or involving any Sanctioned Person or Sanctioned Jurisdiction; or (iii) use any part of the proceeds of the
Loans or any Letter of Credit in any other manner that would constitute or give rise to a violation of Sanctions by any Person, including any Lender. 

ARTICLE VII 
 EVENTS OF
DEFAULT 
 Section 7.01 Events of Default. If any of the following events (any such event, an “Event of
Default”) shall occur: 
 (a) any Loan Party shall fail to pay any principal of any Loan or any reimbursement obligation in respect
of any LC Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise; 

(b) any Loan Party shall fail to pay any interest on any Loan or any interest on any reimbursement obligation in respect of any LC Disbursement
or any fee or any other amount (other than an amount referred to in paragraph (a) of this Section 7.01) payable under any Loan Document, when and as the same shall become due and payable, and such failure shall continue unremedied for a
period of five Business Days; 
 (c) (i) any representation or warranty made or deemed made by or on behalf of the Borrower in
Section 3.20 or 3.21 shall prove to have been incorrect in any respect when made or deemed made; or (ii) any other representation or warranty made or deemed made by or on behalf of the Borrower or any of the Restricted Subsidiaries in or
in connection with any Loan Document or any amendment or modification thereof or waiver thereunder, or in any report, certificate, financial statement or other document furnished pursuant to or in connection with any Loan Document or any amendment
or modification thereof or waiver thereunder, shall prove to have been incorrect in any material respect when made or deemed made; 
 (d) The
Borrower or any of the Restricted Subsidiaries shall fail to observe or perform any covenant, condition or agreement contained in Section 5.02, (with respect to the existence of the Borrower or such Restricted Subsidiaries), Section 5.10,
Section 5.17 or in Article VI; provided that a default under Section 6.11 shall not constitute an Event of Default with respect to the Term Loans, any Incremental Term Loans or any Credit Agreement Refinancing Indebtedness (unless
consisting of revolving credit facilities) unless and until the Required Revolving Lenders shall have terminated their Revolving Commitments and declared all amounts under the Revolving Loans to be due and payable (such period commencing with a
default under Section 6.11 and ending on the date on which the Required Lenders with respect to the Revolving Credit Facility terminate and accelerate the Revolving Loans, the “Term Loan Standstill Period”); 

(e) The Borrower or any of the Restricted Subsidiaries shall fail to observe or perform any covenant, condition or agreement contained in any
Loan Document (other than those specified in paragraph (a), (b) or (d) of this Section 7.01), and such failure shall continue unremedied for a period of thirty (30) days after notice thereof from the Administrative Agent to the
Borrower; 

  
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 (f) The Borrower or any of the Restricted Subsidiaries shall fail to make any payment
(whether of principal or interest and regardless of amount) in respect of any Material Indebtedness, when and as the same shall become due and payable (after giving effect to any applicable grace period); provided further that this
clause (f) shall not apply to any breach or default that is (I) remedied by the Borrower or the applicable Restricted Subsidiary or (II) waived (including in the form of amendment) by the required holders of the applicable item of
Indebtedness, in the case of (I) and (II), prior to the acceleration of Loans pursuant to this Section 7.01; 
 (g) any event or
condition occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity or that enables or permits (with all applicable grace periods having expired) the holder or holders of any Material Indebtedness or any trustee
or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity, provided that this paragraph (g) shall not
apply to (i) secured Indebtedness that becomes due as a result of the sale, transfer or other disposition (including as a result of a casualty or condemnation event) of the property or assets securing such Indebtedness (to the extent such sale,
transfer or other disposition is not prohibited under this Agreement) or (ii) termination events or similar events occurring under any Swap Agreement that constitutes Material Indebtedness (it being understood that paragraph (f) of this
Section 7.01 will apply to any failure to make any payment required as a result of any such termination or similar event); provided further, that such failure is unremedied and is not validly waived by the holders of such
Indebtedness in accordance with the terms of the documents governing such Indebtedness prior to any termination of the Revolving Commitments or acceleration of the Loans pursuant to this Section 7.01. 

(h) an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, court protection,
reorganization or other relief in respect of the Borrower or any Material Subsidiary or its debts, or of a material part of its assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in
effect or (ii) the appointment of a receiver, trustee, custodian, examiner, sequestrator, conservator or similar official for the Borrower or any Material Subsidiary or for a material part of its assets, and, in any such case, such proceeding
or petition shall continue undismissed or unstayed for sixty (60) days or an order or decree approving or ordering any of the foregoing shall be entered; 

(i) the Borrower or any Material Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking liquidation, court
protection, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate
manner, any proceeding or petition described in paragraph (h) of this Section 7.01, (iii) apply for or consent to the appointment of a receiver, trustee, examiner, custodian, sequestrator, conservator or similar official for the Borrower
or any Material Subsidiary or for a material part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding or (v) make a general assignment for the benefit of creditors;

 (j) one or more enforceable judgments for the payment of money in an aggregate amount in excess of $20,000,000 (to the extent not covered
by insurance as to which the insurer has been notified of such judgment or order and has not denied coverage) shall be rendered against the Borrower and any of the Restricted Subsidiaries or any combination thereof and the same shall remain
undischarged for a period of sixty (60) consecutive days during which execution shall not be effectively stayed, or any judgment creditor shall legally attach or levy upon assets of such Loan Party that are material to the businesses and
operations of the Borrower and the Restricted Subsidiaries, taken as a whole, to enforce any such judgment; 

  
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 (k) (i) an ERISA Event occurs, either alone or together with all other ERISA Events, that
has resulted or would reasonably be expected to result in liability of any Loan Party in an aggregate amount that would reasonably be expected to result in a Material Adverse Effect, or (ii) any Loan Party or any ERISA Affiliate fails to pay
when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan that has resulted or would reasonably be expected to result
in liability of any Loan Party in an aggregate amount that would reasonably be expected to result in a Material Adverse Effect; 
 (l) any
Lien purported to be created under any Security Document shall cease to be, or shall be asserted by any Loan Party not to be, a valid and perfected Lien on any material portion of the Collateral, with the priority required by the applicable Security
Document, except (i) as a result of the sale or other disposition of the applicable Collateral in a transaction permitted under the Loan Documents, (ii) as a result of the Administrative Agent’s failure to (A) maintain possession
of any stock certificates, promissory notes or other instruments delivered to it under the Security Documents or (B) file Uniform Commercial Code continuation statements, (iii) as to Collateral consisting of real property to the extent
that such losses are covered by a lender’s title insurance policy and such insurer has not denied coverage or (iv) as a result of acts or omissions of the Administrative Agent or any Lender; 

(m) any material provision of any Loan Document or any Guarantee of the Loan Document Obligations shall for any reason be asserted by any Loan
Party not to be a legal, valid and binding obligation of any Loan Party thereto other than as expressly permitted hereunder or thereunder; 

(n) any Guarantees of the Loan Document Obligations by any Loan Party pursuant to the Guarantee Agreement shall cease to be in full force and
effect (in each case, other than in accordance with the terms of the Loan Documents); or 
 (o) a Change in Control shall occur;
provided that the Transactions shall not constitute a Change in Control for purposes of this clause (o); 
 then, and in every such event (other than
an event with respect to the Borrower described in paragraph (h) or (i) of this Section 7.01), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders
(or, if an Event of Default resulting from a breach of the Financial Performance Covenant occurs and is continuing and prior to the expiration of the Term Loan Standstill Period, at the request of the Required Revolving Lenders only, and in such
case only with respect to the Revolving Commitments and any Letters of Credit) shall, by notice to the Borrower, take either or both of the following actions, at the same or different times: (i) terminate the Commitments, and thereupon the
Commitments shall terminate immediately, and (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and
payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall become due and payable immediately, without
presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; and in case of any event with respect to the Borrower described in paragraph (h) or (i) of this Section 7.01, the Commitments
shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall automatically become due and payable, without
presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower. 

  
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 ARTICLE VIII 

ADMINISTRATIVE AGENT 

Section 8.01 Appointment and Authority. 

(a) Each of the Lenders and the Issuing Banks hereby irrevocably appoints Goldman Sachs to act on its behalf as the Administrative Agent
hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such
actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the Issuing Banks, and the Borrower shall not have rights as a third party
beneficiary of any of such provisions. 
 (b) The Administrative Agent shall also act as the “collateral agent” under the Loan
Documents, and each of the Lenders and the Issuing Banks hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of such Lender and the Issuing Banks for purposes of acquiring, holding and enforcing any and all Liens
on Collateral granted by any of the Loan Parties to secure any of the Secured Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Administrative Agent, as “collateral agent”
and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent
pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative
Agent, shall be entitled to the benefits of all provisions of this Article VIII and Article IX (including Section 9.03 as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. 

Section 8.02 Rights as a Lender. The Person serving as the Administrative Agent hereunder shall have the same rights and powers in
its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise
requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory
capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders. 

Section 8.03 Exculpatory Provisions. The Administrative Agent shall not have any duties or obligations except those expressly set
forth herein and in the other Loan Documents and its duties hereunder and under the other Loan Documents shall be administrative in nature. Without limiting the generality of the foregoing, the Administrative Agent: 

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

(b) shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers
expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly
provided for herein or in the other Loan Documents); provided that the Administrative Agent shall not be required to 

  
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take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable law, including for the
avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may affect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; 

(c) shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the
failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity; 

(d) 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 Section 9.02 and in the last paragraph of Section 7.01)
or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by a final and non-appealable judgment; provided that the Administrative
Agent shall be deemed not to have knowledge of any Default unless and until written notice describing such Default is given to the Administrative Agent by the Borrower, a Lender or an Issuing Bank; 

(e) shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in
connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any
of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other
agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Security Documents, (v) the value or the sufficiency of any Collateral, or (vi) 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; and 

(f) shall have no responsibility, duty or liability for monitoring or enforcing the list of Disqualified Lenders or for any assignment of any
Loan or Commitment or for the sale of any participation, in either case, to a Disqualified Lender. 
 Section 8.04 Reliance by
Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any
electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement
made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance,
extension or increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the applicable Issuing Bank, the Administrative Agent may presume that such condition is satisfactory to such Lender or such Issuing
Bank unless the Administrative Agent shall have received notice to the contrary from such Lender or such Issuing Bank prior to the making of such Loan or the issuance, extension or increase of such Letter of Credit. The Administrative Agent may
consult with legal counsel (who may be counsel for the Borrower), 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. 

  
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 Section 8.05 Delegation of Duties. The Administrative Agent may perform any and all
of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such
sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of
the credit facilities provided for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the
extent that a court of competent jurisdiction determines in a final and non-appealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 
 Section 8.06 Resignation of Administrative Agent. The Administrative Agent may
resign at any time upon thirty (30) days’ notice to the Lenders, the Issuing Banks and the Borrower. If the Administrative Agent becomes a Defaulting Lender and is not performing its role hereunder as Administrative Agent, the
Administrative Agent may be removed as the Administrative Agent hereunder at the request of the Borrower and the Required Lenders (and upon any such removal, the removed Administrative Agent shall be discharged from its duties and obligations
hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders or the Issuing Banks under any of the Loan Documents, the removed Administrative Agent shall
continue to hold such collateral security until such time as a successor Administrative Agent is appointed)). Upon receipt of any such notice of resignation or upon such removal, the Required Lenders shall have the right, with the Borrower’s
consent (such consent not to be unreasonably withheld or delayed) (provided that no consent of the Borrower shall be required if an Event of Default under Section 7.01(a), (b), (h) or (i) has occurred and is continuing), to appoint
a successor. 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 and the Issuing Banks, appoint a successor Administrative Agent, which shall be an Approved Bank (or financial institution that acts as an administrative agent in the ordinary course of its business)
with an office in New York, New York, or an Affiliate of any such Approved Bank (the date upon which the retiring Administrative Agent is replaced, the “Resignation Effective Date”). Whether or not a successor has been appointed,
the resigning Administrative Agent’s resignation shall become effective in accordance with its notice or resignation on the Resignation Effective Date. If the Person serving as Administrative Agent is a Defaulting Lender, the Required Lenders
and the Borrower may, to the extent permitted by applicable law, by notice in writing to such Person remove such Person as Administrative Agent and, with the consent of the Borrower, appoint a successor. If no such successor shall have been so
appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days (the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the
Removal Effective Date. With effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (a) the retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder and under the
other Loan Documents except (i) that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders or the Issuing Banks under any of the Loan Documents, the retiring or removed Administrative Agent shall
continue to hold such collateral security until such time as a successor Administrative Agent is appointed and (ii) with respect to any outstanding payment obligations and (b) except for any indemnity payments or other amounts then owed to
the retiring or removed Administrative Agent, all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and each Issuing Bank directly, until such time,
if any, as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section 8.06. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed 

  
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to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Administrative Agent (other than any rights to indemnity payments or other amounts owed to
the retiring or removed Administrative Agent as of the Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder or
under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise
agreed between the Borrower and such successor. After the retiring or removed Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of this Article VIII and Section 9.03 shall continue
in effect for the benefit of such retiring or removed Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the
retiring or removed Administrative Agent was acting as Administrative Agent. 
 Section 8.07
Non-Reliance on Administrative Agent and Other Lenders. Each Lender and each Issuing Bank acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender
or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and each Issuing Bank also acknowledges that it will,
independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in
taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. 

Section 8.08 No Other Duties, Etc. Anything herein to the contrary notwithstanding, neither the Lead Arranger nor any person named
on the cover page hereof as a Syndication Agent shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender or an Issuing
Bank hereunder. 
 Section 8.09 Administrative Agent May File Proofs of Claim. In case of the pendency of any proceeding under
any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or any amounts in respect of outstanding Letter of Credit shall then be due and payable as
herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, amounts owing in
respect of Letters of Credit and all other Secured Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the Issuing Banks and the Administrative Agent
(including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the Issuing Banks and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the Issuing
Banks and the Administrative Agent under Sections 2.12 and 9.03) allowed in such judicial proceeding; and 
 (b) to collect and receive any
monies or other property payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee,
liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and each Issuing Bank to make such payments to the Administrative Agent and, if the Administrative Agent shall consent to the
making of such payments 

  
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directly to the Lenders and the Issuing Banks, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent
and its agents and counsel, and any other amounts due the Administrative Agent under Section 2.12 and Section 9.03. 
 Nothing
contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender or any Issuing Bank any plan of reorganization, arrangement, adjustment or composition affecting the Secured
Obligations or the rights of any Lender or any Issuing Bank to authorize the Administrative Agent to vote in respect of the claim of any Lender or any Issuing Bank or in any such proceeding. 

Section 8.10 No Waiver; Cumulative Remedies; Enforcement. No failure by any Lender, any Issuing Bank or the Administrative Agent
to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or
privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided, and provided under each other Loan Document, are
cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 
 Notwithstanding anything to the contrary
contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law
in connection with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent in accordance with Article VII for the benefit of all the Lenders and the Issuing Banks; provided, however, that the
foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents,
(b) each Issuing Bank from exercising its rights and remedies that inure to its benefit (solely in its capacity as an Issuing Bank) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights in accordance
with Section 9.08 (subject to the terms of Section 2.18), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Loan Party under any
Debtor Relief Law; and provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed
to the Administrative Agent pursuant to Article VII and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.18, any Lender may, with the consent of the Required
Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 
 Each of the Lenders and the Issuing
Banks hereby agrees that after the exercise of remedies provided for in Section 7.01 (or after the Loans have automatically become immediately due and payable as set forth in Section 7.01), any amounts received on account of the Secured
Obligations shall be applied by the Administrative Agent first to the payment of all Secured Obligations constituting fees, closing payments, indemnities, expenses and other amounts (including fees, charges and disbursements of counsel to the
Administrative Agent) payable to the Administrative Agent in its capacity as such and second as set forth herein or such other Loan Documents as applicable. 

Section 8.11 Withholding Taxes. To the extent required by any applicable law, the Administrative Agent may withhold from any
payment to any Lender an amount equivalent to any applicable withholding tax. Without limiting or expanding the provisions of Section 2.17, each Lender 

  
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shall, and does hereby, indemnify the Administrative Agent against, and shall make payable in respect thereof within thirty (30) days after demand therefor, any and all Taxes and any and all
related losses, claims, liabilities and expenses (including fees, charges and disbursements of any counsel for the Administrative Agent) incurred by or asserted against the Administrative Agent by the Internal Revenue Service or any other
Governmental Authority as a result of the failure of the Administrative Agent to properly withhold tax from amounts paid to or for the account of any Lender for any reason (including, without limitation, because the appropriate form was not
delivered or not property executed, or because such Lender failed to notify the Administrative Agent of a change in circumstance that rendered the exemption from, or reduction of withholding tax ineffective). A certificate as to the amount of such
payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender
under this Agreement or any other Loan Document against any amount due the Administrative Agent under this paragraph. For the avoidance of doubt, for purposes of this Section 8.11, the term “Lender” shall include any Issuing Bank. The
agreements in this paragraph shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender and the repayment, satisfaction or discharge of all other obligations under any
Loan Document. 
 Section 8.12 Right to Realize on Collateral and Enforce Guarantee. Anything contained in any of the Loan
Documents to the contrary notwithstanding, Borrower, Administrative Agent, and each Secured Party hereby agree that (i) no Secured Party shall have any right individually to realize upon any of the Collateral or to enforce the Guarantee, it
being understood and agreed that all powers, rights and remedies hereunder and under any of the Loan Documents may be exercised solely by Administrative Agent, as applicable, for the benefit of the Secured Parties in accordance with the terms hereof
and thereof and all powers, rights and remedies under the Loan Documents may be exercised solely by the Administrative Agent, as applicable, for the benefit of the Secured Parties in accordance with the terms thereof, and (ii) in the event of a
foreclosure or similar enforcement action by the Administrative Agent on any of the Collateral pursuant to a public or private sale or other disposition (including, without limitation, pursuant to Section 363(k), Section 1129(b)(2)(a)(ii)
or otherwise of the Bankruptcy Code), the Administrative Agent (or any Lender, except with respect to a “credit bid” pursuant to Section 363(k), Section 1129(b)(2)(a)(ii) or otherwise of the Bankruptcy Code), may be the purchaser
or licensor of any or all of such Collateral at any such sale or other disposition and the Administrative Agent, as agent for and representative of Secured Parties (but not any Lender or Lenders in its or their respective individual capacities)
shall be entitled, upon instructions from Required Lenders, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such sale or disposition, to use and apply any of the
Secured Obligations as a credit on account of the purchase price for any collateral payable by the Administrative Agent at such sale or other disposition. 

Section 8.13 Certain ERISA Matters. 

(a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the
date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent, and the Lead Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or
for the benefit of the Borrower or any other Loan Party, that at least one of the following is and will be true: 
 (1) such
Lender is not using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Loans, the Letters
of Credit or the Commitments, 

  
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 (2) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions
involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a
class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house
asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, 

(3) (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of
Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of
Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or 

(4) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole
discretion, and such Lender. 
 (b) In addition, unless sub-clause (i) in the immediately
preceding clause (a) is true with respect to a Lender or such Lender has not provided another representation, warranty and covenant as provided in sub-clause (iv) in the immediately preceding clause
(a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender
party hereto, for the benefit of, the Administrative Agent, and the Lead Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that: 

(1) none of the Administrative Agent or the Lead Arranger or any of their respective Affiliates is a fiduciary with respect to
the assets of such Lender (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related to hereto or thereto), 

(2) the Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in,
administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is independent (within the meaning of 29 CFR § 2510.3-21) and is a bank, an insurance carrier, an
investment adviser, a broker-dealer or other person that holds, or has under management or control, total assets of at least $50 million, in each case as described in 29 CFR §
2510.3-21(c)(1)(i)(A)-(E), 
 (3) the Person making the investment decision on behalf
of such Lender with respect to the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is capable of evaluating investment risks independently, both in general
and with regard to particular transactions and investment strategies, (including in respect of the Loan Document Obligations), 

  
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 (4) the Person making the investment decision on behalf of such Lender with
respect to the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is a fiduciary under ERISA or the Code, or both, with respect to the Loans, the Letters of
Credit, the Commitments and this Agreement and is responsible for exercising independent judgment in evaluating the transactions hereunder, and 

(5) no fee or other compensation is being paid directly to the Administrative Agent or the Lead Arranger or any their
respective Affiliates for investment advice (as opposed to other services) in connection with the Loans, the Letters of Credit, the Commitments or this Agreement. 

(c) The Administrative Agent and the Lead Arranger hereby informs the Lenders that each such Person is not undertaking to provide impartial
investment advice, or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that such Person has a financial interest in the transactions contemplated hereby in that such Person or an Affiliate thereof
(i) may receive interest or other payments with respect to the Loans, the Letters of Credit, the Commitments and this Agreement, (ii) may recognize a gain if it extended the Loans, the Letters of Credit or the Commitments for an amount
less than the amount being paid for an interest in the Loans, the Letters of Credit or the Commitments by such Lender or (iii) may receive fees or other payments in connection with the transactions contemplated hereby, the Loan Documents or
otherwise, including structuring fees, commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative agent or collateral agent fees, utilization fees, minimum usage fees, letter of
credit fees, fronting fees, deal-away or alternate transaction fees, amendment fees, processing fees, term out premiums, banker’s acceptance fees, breakage or other early termination fees or fees similar to the foregoing. 

ARTICLE IX 
 MISCELLANEOUS

 Section 9.01 Notices. 

(a) Except in the case of notices and other communications expressly permitted to be given by telephone, 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 fax or other electronic transmission, as follows: 

(i) if to the Borrower, the Administrative Agent or an Issuing Bank, to the address, fax number,
e-mail address or telephone number specified for such Person on Schedule 9.01; and 

(ii) if to any other Lender, to it at its address (or fax number, telephone number or
e-mail address) set forth in its Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative Questionnaire then in effect for
the delivery of notices that may contain material non-public information relating to the Borrower). 

Notices and other communications sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have
been given when received; notices and other communications sent by fax or other electronic transmission shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have
been given at the opening of business on the next business day for the recipient). Notices and other communications delivered through electronic communications to the extent provided in subsection (b) below shall be effective as provided in
such subsection (b). 

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

(d) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT
WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY,
INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH
THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Borrower, any Lender, any Issuing Bank or any other
Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s or the Administrative Agent’s transmission of Borrower Materials through the Internet, except to
the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and non-appealable judgment to have resulted from the gross negligence or
willful misconduct of such Agent Party; provided, however, that in no event shall any Agent Party have any liability to the Borrower, any Lender, any Issuing Bank or any other Person for indirect, special, incidental, consequential or
punitive damages (as opposed to direct or actual damages). 
 (e) Change of Address, Etc. Each of the Borrower, the Administrative
Agent and any Issuing Bank may change its address, electronic mail address, fax or telephone number for notices and other communications or website hereunder by notice to the other parties hereto. Each other Lender may change its address, fax or
telephone number for notices and other communications hereunder by notice to the Borrower, the Administrative Agent and the Issuing Banks. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the
Administrative Agent has on record (i) an effective address, contact name, telephone number, fax number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender.

  
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 (f) Reliance by Administrative Agent, Issuing Banks and Lenders. The Administrative
Agent, the Issuing Banks and the Lenders shall be entitled to rely and act upon any notices purportedly given by or on behalf of the Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not
preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify the Administrative Agent, each Issuing Bank, each
Lender and the Related Parties from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower in the absence of gross negligence or willful misconduct as
determined in a final and non-appealable judgment by a court of competent jurisdiction. All telephonic notices to and other telephonic communications with the Administrative Agent may be recorded by the
Administrative Agent and each of the parties hereto hereby consents to such recording. 
 Section 9.02 Waivers; Amendments. 

(a) No failure or delay by the Administrative Agent, any Issuing Bank or any Lender in exercising any right or power under this Agreement or
any Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof
or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Issuing Banks and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they
would otherwise have. No waiver of any provision of this Agreement or any Loan Document or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section,
and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or the issuance, amendment or extension of a Letter of
Credit shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, any Lender or any Issuing Bank may have had notice or knowledge of such Default at the time. No notice or demand on the Borrower in any case
shall entitle the Borrower to any other or further notice or demand in similar or other circumstances. 
 (b) Except as provided in
Section 2.20 with respect to any Incremental Facility Amendment or Section 2.21 with respect to any Refinancing Amendment, neither this Agreement, any Loan Document nor any provision hereof or thereof may be waived, amended or modified
except, in the case of this Agreement, pursuant to an agreement or agreements in writing entered into by the Borrower, the Administrative Agent (to the extent that such waiver, amendment or modification does not affect the rights, duties, privileges
or obligations of the Administrative Agent under this Agreement, the Administrative Agent shall execute such waiver, amendment or other modification to the extent approved by the Required Lenders) and the Required Lenders or, in the case of any
other Loan Document, pursuant to an agreement or agreements in writing entered into by the Administrative Agent and the Loan Party or Loan Parties that are parties thereto, in each case with the consent of the Required Lenders, provided that
in addition to the consent of the Required Lenders, no such agreement shall (i) increase the Commitment of any Lender without the written consent of such Lender (it being understood that a waiver of any condition precedent set forth in
Section 4.01, Section 4.02 or the waiver of any Default, mandatory prepayment or mandatory reduction of the Commitments shall not constitute an extension or increase of any Commitment of any Lender), (ii) reduce the principal amount of any
Loan or LC Disbursement or reduce the rate of interest thereon, or reduce any fees, closing payments or premiums payable hereunder, without the written consent of each Lender directly and adversely affected thereby (it being understood that
(x) a waiver of any condition precedent set forth in Section 4.01, Section 4.02 or the waiver of any Default, mandatory prepayment or mandatory reduction of the Commitments shall not constitute a reduction or forgiveness of any such
principal amount and (y) any change to the definition of “Total Net Leverage Ratio”, “Total 

  
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Leverage Ratio” or in the component definitions thereof shall not constitute a reduction of interest, fee or closing payments), provided that only the consent of the Required Lenders
shall be necessary to waive any obligation of the Borrower to pay default interest pursuant to Section 2.13(c), (iii) reduce or postpone the maturity of any Loan, or the date of any scheduled amortization payment of the principal amount of any
Term Loan under Section 2.10 or the applicable Refinancing Amendment, or the reimbursement date with respect to any LC Disbursement, or any date for the payment of any interest or fees payable hereunder, or reduce the amount of, waive or excuse
any such payment, or postpone the scheduled date of expiration of any Commitment, without the written consent of each Lender directly and adversely affected thereby (it being understood that a waiver of any condition precedent set forth in
Section 4.01, Section 4.02 or the waiver of any Default, mandatory prepayment or mandatory reduction of the Commitments shall not constitute an extension of any maturity date), (iv) change Section 2.18(b) or (c) in a manner that
would alter the pro rata sharing of payments required thereby or the required application of any proceeds of enforcement, without the written consent of each Lender directly and adversely effected thereby, (v) change any of the provisions in
Section 9.04 in a manner that would impose additional restrictions on a Lender’s ability to assign any of its rights or obligations, without the written consent of each Lender directly and adversely effected thereby and impose any
additional restrictions on a Lender’s ability to assign its rights and obligations without written consent of each Lender directly and adversely effected thereby, (vi) change any of the provisions of this Section without the written
consent of each Lender directly and adversely affected thereby, (vii) change the percentage set forth in the definition of “Required Lenders” or “Required Revolving Lenders” or any other provision of any Loan Document
specifying the number or percentage of Lenders (or Lenders of any Class) required to waive, amend or modify any rights thereunder or make any determination or grant any consent thereunder, without the written consent of each Lender (or each Lender
of such Class, as the case may be), (viii) release all or substantially all the value of the Guarantees under the Guarantee Agreement (taking into account the value of the Borrower) (except as expressly provided in the Guarantee Agreement) without
the written consent of each Lender, (ix) release all or substantially all the Collateral from the Liens of the Security Documents, without the written consent of each Lender (except as expressly provided in the Security Documents), (x) change
any provisions of any Loan Document in a manner that by its terms adversely affects the rights in respect of payments due to Lenders holding Loans of any Class differently than those holding Loans of any other Class, without the written consent
of Lenders holding a Majority in Interest of the outstanding Loans and unused Commitments of each affected Class, (xi) change the rights of the Term Lenders to decline mandatory prepayments as provided in Section 2.11 or the rights of any
Additional Lenders of any Class to decline mandatory prepayments of Term Loans of such Class as provided in the applicable Refinancing Amendment, without the written consent of each Lender directly and adversely affected thereby,
(xii) amend or otherwise modify the Financial Performance Covenant (or for the purposes of determining compliance with the Financial Performance Covenant, any defined term used therein), (xiii) waive or consent to any Default or Event of
Default resulting from a breach of the Financial Performance Covenant or (xiv) alter the rights or remedies of the Required Revolving Lenders arising pursuant to Article VII as a result of a breach of the Financial Performance Covenant, in each
case, without the written consent of the Required Revolving Lenders; provided, however, that the amendments, modifications, waivers and consents described in this clause (xiv) shall not require the consent of any Lenders other
than the Required Revolving Lenders; provided further that (A) no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent, the Swing Line Lender or any Issuing Bank without the prior
written consent of the Administrative Agent, the Swing Line Lender or such Issuing Bank, as the case may be, (B) subject to the preceding clause (A), any provision of this Agreement or any other Loan Document may be amended by an agreement in
writing entered into by the Borrower and the Administrative Agent to cure any ambiguity, omission, defect or inconsistency so long as, in each case, the Lenders shall have received at least five Business Days’ prior written notice thereof and
the Administrative Agent shall not have received, within five Business Days of the date of such notice to the Lenders, a written notice from the Required Lenders stating that the Required Lenders object to such amendment and (C) any

  
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amendment, modification, or waiver of any Loan Document that would affect the rights or obligations of one or more members of a class differently from its effect on the rights or obligations of
any other members of that class (1) will, upon its effectiveness, create one or more new classes (the “Proposed New Classes”) in addition, if applicable, to the class consisting of any remaining Lenders of
such class whose rights and obligations do not purport to be modified by such amendment, modification, or waiver (the “Remaining Class”), each of which classes will consist of Lenders holding loans with identical
rights and obligations, and (2) will not be effective unless such amendment, modification, or waiver receives the written consent of Lenders holding a Majority in Interest of each Proposed New Class and a Majority in Interest of the
Remaining Class, in addition to any other consents required pursuant to any Loan Document. Notwithstanding the foregoing, (a) this Agreement may be amended (or amended and restated) with the written consent of the Required Lenders, the
Administrative Agent and the Borrower (i) to add one or more additional credit facilities to this Agreement and to permit the extensions of credit from time to time outstanding thereunder and the accrued interest and fees in respect thereof to
share ratably in the benefits of this Agreement and the other Loan Documents and (ii) to include appropriately the Lenders holding such credit facilities in any determination of the Required Lenders on substantially the same basis as the
Lenders prior to such inclusion and (b) guarantees, collateral security documents and related documents executed by Foreign Subsidiaries in connection with this Agreement (if any) may be in a form reasonably determined by the Administrative
Agent and may be, together with this Agreement, amended and waived with the consent of the Administrative Agent at the request of the Borrower without the need to obtain the consent of any other Lender if such amendment or waiver is delivered in
order (i) to comply with local law or advice of local counsel, (ii) to cure ambiguities or defects or (iii) to cause such guarantee, collateral security document or other document to be consistent with this Agreement and the other
Loan Documents. 
 (c) In connection with any proposed amendment, modification, waiver or termination (a “Proposed Change”)
requiring the consent of all Lenders or all directly and adversely affected Lenders, if the consent of the Required Lenders (and, to the extent any Proposed Change requires the consent of Lenders holding Loans of any Class pursuant to
clause (iv), (ix) or (xi) of paragraph (b) of this Section 9.02, the consent of a Majority in Interest of the outstanding Loans and unused Commitments of such Class) to such Proposed Change is obtained, but the consent to such
Proposed Change of other Lenders whose consent is required is not obtained (any such Lender whose consent is not obtained as described in paragraph (b) of this Section 9.02 being referred to as a
“Non-Consenting Lender”), then, so long as the Lender that is acting as Administrative Agent is not a Non-Consenting Lender, the Borrower may, at its
sole expense and effort, upon notice to such Non-Consenting Lender and the Administrative Agent, require such Non-Consenting Lender to assign and delegate, without
recourse (in accordance with and subject to the restrictions contained in Section 9.04), all its interests, rights and obligations under this Agreement to an Eligible Assignee that shall assume such obligations (which Eligible Assignee may be
another Lender, if a Lender accepts such assignment), provided that (a) the Borrower shall have received the prior written consent of the Administrative Agent to the extent such consent would be required under Section 9.04(b) for an
assignment of Loans or Commitments, as applicable (and, if a Revolving Commitment is being assigned, each Issuing Bank), which consent shall not unreasonably be withheld, (b) such Non-Consenting Lender
shall have received payment of an amount equal to the outstanding par principal amount of its Loans and participations in LC Disbursements, accrued interest thereon, accrued fees and all other amounts payable to it hereunder from the Eligible
Assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts) (c) if the consent, amendment or waiver in question contemplates a Repricing Transaction in respect of any
Term Loans held by such Non-Consenting Lender, the Borrower shall pay to such Non-Consenting Lender the Repricing Premium (if any) as if the outstanding Term Loans of
such Non-Consenting Lender were prepaid or repriced in their entirety in connection with a Repricing Transaction on the date of the consummation of such assignment and (d) unless waived, the Borrower or
such Eligible Assignee shall have paid to the Administrative Agent the processing and recordation fee specified in Section 9.04(b). 

  
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 (d) Notwithstanding anything in this Agreement or the other Loan Documents to the contrary, the
Revolving Commitments, Term Loans and Revolving Exposure of any Lender that is at the time a Defaulting Lender shall not have any voting or approval rights under the Loan Documents and shall be excluded in determining whether all Lenders (or all
Lenders of a Class), all affected Lenders (or all affected Lenders of a Class), a Majority in Interest of Lenders of any Class or the Required Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver
pursuant to this Section 9.02); provided that (x) the Commitment of any Defaulting Lender may not be increased or extended without the consent of such Lender and (y) any waiver, amendment or modification requiring the consent
of all Lenders or each affected Lender that affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such Defaulting Lender. 

(e) Notwithstanding anything in this Agreement or the other Loan Documents to the contrary, any waiver or amendment in respect of this
Agreement or any other Loan Document that by its terms affects the rights or duties under this Agreement or any other Loan Document of Lenders holding Loans or Commitments of a particular Class (but not the Lenders holding Loans or Commitments of
any other Class) may be effected by an agreement or agreements in writing entered into by the Borrower and the requisite percentage in interest of the Lenders with respect to such Class that would be required to consent thereto under this
Section 9.02 if such Lenders were the only Lenders hereunder at the time. 
 Section 9.03 Expenses; Indemnity; Damage
Waiver. 
 (a) The Borrower shall pay, if the Effective Date occurs, (i) all reasonable and documented or invoiced out-of-pocket costs and expenses incurred by the Administrative Agent and its Affiliates (without duplication), including the reasonable fees, charges and disbursements of
Milbank, Tweed, Hadley & McCloy LLP and to the extent reasonably determined by the Administrative Agent to be necessary, one local counsel in each applicable jurisdiction (exclusive of any reasonably necessary special counsel) and, in the
case of an actual or reasonably perceived conflict of interest where the party affected by such conflict has notified the Borrower of the existence of such conflict and thereafter retains its own counsel, one additional counsel per affected party,
in each case for the Administrative Agent, each Issuing Bank and the Swing Line Lender in connection with the syndication of the credit facilities provided for herein, and the preparation, execution, delivery and administration of the Loan Documents
or any amendments, modifications or waivers of the provisions thereof, (ii) all reasonable and documented or invoiced out-of-pocket costs and expenses incurred by
each Issuing Bank in connection with the issuance, amendment or extension of any Letter of Credit or any demand for payment thereunder, (iii) all reasonable and documented or invoiced out-of-pocket costs and expenses incurred by the Swing Line Lender in connection with the issuance of any Swing Line Loan or any demand for payment thereunder and (iv) all reasonable and documented or
invoiced out-of-pocket expenses incurred by the Administrative Agent, each Issuing Bank or any Lender, including the fees, charges and disbursements of counsel for the
Administrative Agent the Issuing Banks and the Lenders, in connection with the enforcement or protection of any rights or remedies (A) in connection with the Loan Documents (including all such costs and expenses incurred during any legal
proceeding, including any proceeding under any Debtor Relief Laws), 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 costs and expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit; provided that such counsel shall be limited to one lead
counsel and such local counsel (exclusive of any reasonably necessary special counsel) as may reasonably be deemed necessary by the Administrative Agent in each relevant jurisdiction and, in the case of an actual or reasonably perceived conflict of
interest, one additional counsel per affected party. 
 (b) The Borrower shall indemnify the Administrative Agent, each Issuing Bank, each
Lender and each Related Party of any of the foregoing Persons (each such Person being called an 

  
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“Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including reasonable and documented or
invoiced out-of-pocket fees and expenses of any counsel for any Indemnitee), incurred by or asserted against any Indemnitee by any third party or by the Borrower or any
Subsidiary arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any Loan Document or any other agreement or instrument contemplated hereby or thereby, the performance by the parties to the Loan
Documents of their respective obligations thereunder or the consummation of the Transactions or any other transactions contemplated thereby, (ii) any Loan or Letter of Credit or the use of the proceeds therefrom (including any refusal by any
Issuing Bank 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) to the extent in any way arising from or relating to
any of the foregoing, any actual or alleged presence or Release or threat of Release of Hazardous Materials on, at, to or from any Mortgaged Property or any other property currently or formerly owned or operated by the Borrower or any Subsidiary, or
any other Environmental Liability related in any way to the Borrower or any Subsidiary, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any
other theory, whether brought by a third party or by the Borrower or any Subsidiary or any of their respective equity holders or creditors or any other Person 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 obligations, losses, claims, damages, penalties, demands, actions, judgments, suits, liabilities, costs, expenses or disbursements (x) resulted from the gross
negligence, bad faith or willful misconduct of such Indemnitee or its Related Parties (but in the case of advisors or representatives of an Indemnitee, only to the extent such advisor or representative was acting at the direction of such Indemnitee)
(as determined by a court of competent jurisdiction in a final and non-appealable judgment), (y) resulted from a material breach of the Loan Documents by such Indemnitee or its Related Parties(but in the
case of advisors or representatives of an Indemnitee, only to the extent such advisor or representative was acting at the direction of such Indemnitee) (as determined by a court of competent jurisdiction in a final and
non-appealable judgment) or (z) arise from disputes between or among Indemnitees that do not involve an act or omission by (1) the Borrower or any Restricted Subsidiary or (2) any of the
Administrative Agent and the Lead Arranger in its capacity as such, unless such claims arise from the gross negligence, bad faith or willful misconduct of such Indemnitee (as determined by a court of competent jurisdiction in a final and non-appealable judgment). 
 (c) To the extent that the Borrower fails to indefeasibly pay any amount
required to be paid by it to the Administrative Agent, (or any sub-agent thereof) or any Related Party thereof, any Lender or any Issuing Bank under paragraph (a) or (b) of this Section 9.03,
each Lender severally agrees to pay to the Administrative Agent (or any sub-agent thereof) or such Related Party of the Administrative Agent, such Lender or such Issuing Bank, as the case may be, such
Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) (or if such indemnity payment is sought after the date on which the principal of and interest on each Loan and all fees,
expenses and other amounts payable (other than contingent amounts not yet due) under any Loan Document have been paid in full and all Letters of Credit have expired or have been terminated (without any pending drawing thereon) and all LC
Disbursements shall have been reimbursed, the in each case, in accordance with such Lender’s pro rata share immediate prior to the date on which the Term Loans are paid in full) 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 sub-agent thereof), such Lender or such
Issuing Bank in its capacity as such or against any Related Party of the Administrative Agent (or sub-agent thereof) acting for the Administrative Agent (or any
sub-agent thereof) in connection with such capacity). For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the aggregate Revolving Exposures, outstanding
Term Loans and unused Commitments at such time (or if such indemnity payment is sought after the date on which the Term 

  
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Loans have been paid in full and the Commitments are terminated in accordance with such Lender’s pro rata share immediately prior to the date on which the Term Loans are paid in full and the
Commitments are terminated). Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from
any source against any amount due to the Administrative Agent under this paragraph (c). The obligations of the Lenders under this paragraph (c) are subject to the last sentence of Section 2.02(a) (which shall apply mutatis
mutandis to the Lenders’ obligations under this paragraph (c)). 
 (d) To the extent permitted by applicable law, the Borrower
shall not assert, and each hereby waives, any claim against any Indemnitee (i) for any direct or actual damages arising from the use by unintended recipients of information or other materials distributed to such unintended recipients by such
Indemnitee through telecommunications, electronic or other information transmission systems (including the Internet) in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby; provided
that such indemnity shall not, as to any Indemnitee, be available to the extent that such direct or actual damages are determined by a court of competent jurisdiction by final, non-appealable judgment to have
resulted from the gross negligence or willful misconduct of, or a material breach of the Loan Documents by, such Indemnitee or its Related Parties or (ii) on any theory of liability, for special, indirect, consequential or punitive damages (as
opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the Transactions, any Loan or Letter of Credit or the
use of the proceeds thereof. 
 (e) All amounts due under this Section 9.03 shall be payable not later than ten (10) Business Days
after written demand therefor; provided, however, that any Indemnitee shall promptly refund an indemnification payment received hereunder to the extent that there is a final judicial determination that such Indemnitee was not entitled
to indemnification with respect to such payment pursuant to this Section 9.03. 
 (f) This Section 9.03 shall not apply with
respect to Taxes other than Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. 

(g) The agreements in this Section 9.03 shall survive the resignation or removal of the Administrative Agent, the replacement of any
Lender, the termination of this Agreement and the repayment, satisfaction or discharge of the Secured Obligations. 
 Section 9.04
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 (including any Affiliate of any Issuing Bank that issues any Letter of Credit), except that (i) the Borrower may not assign or otherwise transfer any of its rights or obligations
hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by the Borrower without such consent shall be null and void), (ii) no assignment shall be made to any Defaulting Lender or any of its subsidiaries,
or any Persons who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (ii) and (iii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance
with this Section. 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 (including any Affiliate of any Issuing Bank
that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of this Section 9.04), the Indemnitees and, to the extent expressly contemplated hereby, the 

  
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Administrative Agent, each Issuing Bank, each Lender, the Syndication Agent, the Lead Arranger and each Related Party of any of the foregoing Persons) any legal or equitable right, remedy or
claim under or by reason of this Agreement. 
 (b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender
may 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 Commitment and the Loans at the time owing to it) with the prior written consent (such consent not to
be unreasonably withheld or delayed) of (A) the Borrower; provided that no consent of the Borrower shall be required for an assignment (w) by the Lead Arranger or its Affiliates during the primary syndication of the Term Facility
(which in any event will end upon the earlier of the date on which the Administrative Agent shall have advised the Borrower that the later primary syndication has been completed or the date that is sixty (60) days following the Effective Date),
(x) by a Term Lender to any Lender, an Affiliate of any Lender or an Approved Fund, (y) by a Revolving Lender to any Revolving Lender or an Affiliate of any Revolving Lender or an Approved Fund of a Revolving Lender, or (z) if an Event of
Default under Section 7.01 has occurred and is continuing, unless, in the case of clauses (w) and (z) only, such assignment is to a Disqualified Lender, (B) the Administrative Agent; provided that no consent of the
Administrative Agent shall be required for an assignment of a Term Loan to a Lender, an Affiliate of a Lender or an Approved Fund, the Borrower or any of the Restricted Subsidiaries and (C) solely in the case of Revolving Loans and Revolving
Commitments, each Issuing Bank and Swing Line Lender; provided that, for the avoidance of doubt, no consent of any Issuing Bank or Swing Line Lender shall be required for an assignment of all or any portion of a Term Loan or Term Commitment.
Notwithstanding anything in this Section 9.04 to the contrary, other than with respect to a purported assignment to a Disqualified Lender, if the Borrower has not given the Administrative Agent written notice of its objection to an assignment
within ten (10) Business Days after written notice of such assignment, the Borrower shall be deemed to have consented to such assignment. The Administrative Agent shall make the list of Disqualified Lenders available to such Lender.  
 (ii) Assignments shall be subject to the following additional
conditions: (A) except in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s Commitment or Loans of any Class, the amount of the
Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the trade date specified in the Assignment and Assumption with respect to such assignment or, if no trade date is so specified, as of the date the
Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent) shall, in the case of Revolving Loans, not be less than $1,000,000 (and integral multiples thereof) or, in the case of a Term Loan, $1,000,000 (and
integral multiples thereof), unless the Borrower and the Administrative Agent otherwise consent (in each case, such consent not to be unreasonably withheld or delayed); provided that no such consent of the Borrower shall be required if an
Event of Default under Section 7.01 has occurred and is continuing, (B) 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;
provided that this clause (B) shall not be construed to prohibit assignment of a proportionate part of all the assigning Lender’s rights and obligations in respect of one Class of Commitments or Loans, (C) the parties to
each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption (which shall include a representation by the assignee and the assignor that the assignee is not a Disqualified Lender or an Affiliate of a
Disqualified Lender (so long as the list of Disqualified Lenders has been made available to all Lenders)) via an electronic settlement system acceptable to the Administrative Agent or, if previously agreed with the Administrative Agent, manually
execute and deliver to the Administrative Agent and Assignment and Assumption, and, in each case, together (unless waived or reduced by the Administrative Agent) with a processing and recordation fee of $3,500, which

  
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processing and recordation fee will not apply in the case of any assignment; provided that the Administrative Agent, in its sole discretion, may elect to waive or reduce such processing
and recordation fee; provided further that assignments made pursuant to Section 2.19(b) or Section 9.02(c) shall not require the signature of the assigning Lender to become effective, (D) the assignee, if it shall not be
a Lender, shall deliver to the Administrative Agent any tax forms to the extent required by Section 2.17(f) and an Administrative Questionnaire in which the assignee designates one or more credit contacts to whom all syndicate-level information
(which may contain material non-public information about the Borrower, the Loan Parties and their Related Parties or their respective securities) will be made available and who may receive such information in
accordance with the assignee’s compliance procedures and applicable laws, including Federal and state securities laws and (E) unless the Borrower otherwise consents, no assignment of all or any portion of the Revolving Commitment of a
Lender that is also an Issuing Bank may be made unless (1) the assignee shall be or become a an Issuing Bank and assume a ratable portion of the rights and obligations of such assignor in its capacity as Issuing Bank, or (2) the assignor
agrees, in its discretion, to retain all of its rights with respect to and obligations to issue Letters of Credit hereunder in which case the Applicable Fronting Exposure of such assignor may exceed such assignor’s Revolving Commitment for
purposes of Section 2.05(b) by an amount not to exceed the difference between the assignor’s Revolving Commitment prior to such assignment and the assignor’s Revolving Commitment following such assignment; provided that no such
consent of the Borrower shall be required if an Event of Default has occurred and is continuing. 
 (iii) Subject to
acceptance and recording thereof pursuant to paragraph (b)(v) of this Section 9.04, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party hereto 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 (and subject to the obligations and limitations of) Section 2.15, Section 2.16, Section 2.17 and Section 9.03 and to any fees payable hereunder that have accrued for such Lender’s account but
have not yet been paid). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 9.04 shall be treated for purposes of this Agreement as a sale by such Lender of a
participation in such rights and obligations in accordance with paragraph (c)(i) of this Section 9.04. 
 (iv) The
Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at one of its offices 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 Commitment of, and principal and interest amounts of the Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be
conclusive absent manifest error, and the Borrower, the Administrative Agent, the Issuing Banks and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of
this Agreement, notwithstanding notice to the contrary. In addition, the Administrative Agent shall maintain on the Register information regarding the designation, and revocation of designation, of any Lender as a Defaulting Lender. The Register
shall be available for inspection by the Borrower, the Issuing Banks and any Lender, at any reasonable time and from time to time upon reasonable prior notice. The parties intend that all extensions of credit to the Borrower and its Affiliates
hereunder shall at all times be treated as being in registered form within the meaning of Sections 163(f), 871(h)(2), and 881(c)(2) of the Code (and any successor provisions) and the regulations thereunder and shall interpret the provisions herein
regarding the Register consistent with such intent. 

  
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 (v) Upon its receipt of a duly completed Assignment and Assumption executed by an
assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire and any tax forms to the extent required by Section 2.17(f) (unless the assignee shall already be a Lender hereunder), the processing and recordation
fee referred to in paragraph (b) of this Section 9.04 and any written consent to such assignment required by paragraph (b) of this Section 9.04, the Administrative Agent shall accept such Assignment and Assumption and record the
information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph. 

(vi) The words “execution,” “signed,” “signature” and words of like import in any Assignment and
Assumption shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based
recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act or any other
similar state laws based on the Uniform Electronic Transactions Act. 
 (c) (i) Any Lender may, at any time, without the consent of the
Borrower, the Administrative Agent or the Issuing Banks, sell participations to one or more banks or other Persons (other than to a Person, that (i) is not an Eligible Assignee, (ii) is the Borrower or any of its Subsidiaries or
(iii) is a Defaulting Lender (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans owing to it); provided that
(A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (C) the Borrower, the
Administrative Agent, the Issuing Banks and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. 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 any other Loan Documents and to approve any amendment, modification or waiver of any provision of this Agreement and
any other Loan Documents; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the first proviso to
Section 9.02(b) that directly and adversely affects such Participant. The Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.15, 2.16 and 2.17 (subject to the obligations and limitations of such Sections,
including Section 2.17(f) (it being understood that the documentation requirement under Section 2.17(f) shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its interest by assignment
pursuant to paragraph (b) of this Section; provided that such Participant (A) agrees to be subject to the provisions of Section 2.19 as if it were an assignee under paragraph (b) of this Section; and (B) shall not be
entitled to receive any greater payment under Section 2.15 or Section 2.17, with respect to any participation, than its participating Lender would have been entitled to receive, except to the extent such entitlement to receive a greater
payment results from a Change in Law that occurs after the Participant acquired the applicable participation. Each Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the
Borrower to effectuate the provisions of Section 2.19 with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.08 as though it were a Lender; provided that
such Participant agrees to be subject to Section 2.18(c) as though it were a Lender. 

  
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 (ii) Each Lender that sells a participation shall, acting solely for this purpose
as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and related interest amounts) of each participant’s
interest in the Loans or other obligations under this Agreement (the “Participant Register”), provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the
identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is
necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the
Participant Register shall be conclusive, absent manifest error, and such Lender shall treat each person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any
notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

(d) Any Lender may, without the consent of the Borrower or the Administrative Agent, at any time pledge or assign a security interest in all or
any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or other “central” bank, and this Section shall not apply to any such
pledge or assignment of a security interest, provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party
hereto. 
 (e) In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be
effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as
appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Borrower and the Administrative Agent, the applicable pro rata
share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting
Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit in accordance with its Applicable
Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable law without compliance with the provisions of this paragraph, then the
assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 
 (f)
No such assignment shall be made to the Borrower or any affiliate or Subsidiary of the Borrower; provided that any Lender may, at any time, assign all or a portion of its Loans to the Borrower pursuant to open market purchases;
provided further, that (x) any Loans that are so assigned will be automatically and irrevocably cancelled and the aggregate principal amount of the tranches and installments of the relevant Loans then outstanding shall be reduced
by an amount equal to the principal amount of such Loans, (y) the Borrower shall clearly identify itself as such in the applicable assignment documentation and (z) no Event of Default shall have occurred or be continuing on the effective
date of such assignment; provided further, that purchases of Term Loans and Commitments to make Term Loans pursuant to this Section 9.04(f) may not be funded with the proceeds of Revolving Loans. 

  
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 (g) No such assignment or participation shall be made to a natural Person, or a holding company,
investment vehicle or trust for, or owned and operated for the primary benefit of natural Person. Any references to “natural person” in this Agreement shall be deemed to include any a holding company, investment vehicle or trust for, or
owned and operated for the primary benefit of natural Person. 
 Section 9.05 Survival. All covenants, agreements,
representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to any Loan Document shall be considered to have been relied upon by the other
parties hereto and shall survive the execution and delivery of the Loan Documents and the making of any Loans and issuance or amendment of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and
notwithstanding that the Administrative Agent, any Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and
effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid or any Letter of Credit is outstanding (or has expired or terminated with a pending drawing
thereon) and so long as the Commitments have not expired or terminated. The provisions of Section 2.15, Section 2.16, Section 2.17, Section 9.03 and Article VIII shall survive and remain in full force and effect regardless of the
consummation of the transactions contemplated hereby, the repayment of the Loans and all other amounts payable hereunder, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement or any
provision hereof. Notwithstanding the foregoing or anything else to the contrary set forth in this Agreement, in the event that, in connection with the refinancing or repayment in full of the credit facilities provided for herein, an Issuing Bank
shall have, in its sole discretion, provided to the Administrative Agent a written consent to the release of the Revolving Lenders from their obligations hereunder with respect to any Letter of Credit issued by such Issuing Bank (whether as a result
of the obligations of the Borrower (and any other account party) in respect of such Letter of Credit having been collateralized in full by a deposit of cash with such Issuing Bank or being supported by a letter of credit that names such Issuing Bank
as the beneficiary thereunder, or otherwise), then from and after such time such Letter of Credit shall cease to be a “Letter of Credit” outstanding hereunder for all purposes of this Agreement and the other Loan Documents, and the
Revolving Lenders shall be deemed to have no participations in such Letter of Credit, and no obligations with respect thereto, under Section 2.05(e) or Section 2.05(f). 

Section 9.06 Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties
hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement, the other Loan Documents and any separate letter agreements with respect to fees
payable to the Administrative Agent or the syndication of the Loans and Commitments constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or
written, relating to the subject matter hereof. 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, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this
Agreement by facsimile or other electronic means shall be effective as delivery of a manually executed counterpart of this Agreement. 

Section 9.07 Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall,
as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in
a particular jurisdiction shall not 

  
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invalidate such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 9.07, if and to the extent that the enforceability of any provisions in this
Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent or any Issuing Bank, as applicable, then such provisions shall be deemed to be in effect only to the extent not
so limited. 
 Section 9.08 Right of Setoff. If an Event of Default under Section 7.01(a), (b), (h) or (i) shall have
occurred and be continuing, each Lender, each Issuing Bank and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by 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) (excluding any deposits in or relating to any payroll, trust, or tax withholding accounts) at any time owing by such
Lender, any such Issuing Bank or any such Affiliate to or for the credit or the account of the Borrower against any of and all the obligations of the Borrower then due and owing under this Agreement held by such Lender or Issuing Bank, irrespective
of whether or not such Lender or Issuing Bank shall have made any demand under this Agreement and although (i) such obligations may be contingent or unmatured and (ii) such obligations are owed to a branch or office of such Lender or
Issuing Bank different from the branch or office holding such deposit or obligated on such Indebtedness; provided that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be
paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.22 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust
for the benefit of the Administrative Agent and the Lenders and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Secured Obligations owing to such Defaulting Lender as
to which it exercised such right of setoff. The applicable Lender and applicable Issuing Bank shall notify the Borrower and the Administrative Agent of such setoff and application; provided that any failure to give or any delay in giving such
notice shall not affect the validity of any such setoff and application under this Section. The rights of each Lender, each Issuing Bank and their respective Affiliates under this Section are in addition to other rights and remedies (including other
rights of setoff) that such Lender, such Issuing Bank and their respective Affiliates may have. 
 Section 9.09 Governing Law;
Jurisdiction; Consent to Service of Process. 
 (a) This Agreement shall be construed in accordance with and governed by the laws of the
State of New York. 
 (b) Each party hereto hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive
jurisdiction of the Supreme Court 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 sitting in New York County, and any appellate court from any thereof, in any action or
proceeding arising out of or relating to any Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding
may be heard and determined in such New York State court or, to the extent permitted by 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 any Loan Document shall affect any right that the Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring any action or
proceeding relating to any Loan Document against the Borrower or their respective properties in the courts of any jurisdiction. 

  
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 (c) Each party hereto hereby irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to any Loan Document in any court referred to in paragraph (b) of this
Section 9.09. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(d) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.01. Nothing in
any Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

Section 9.10 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY 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 ANY LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY 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 BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

Section 9.11 Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only,
are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

Section 9.12 Confidentiality. 

(a) Each of the Administrative Agent, the Issuing Banks and the Lenders agrees to maintain the confidentiality of the Information (as defined
below), except that Information may be disclosed (i) to its and its Affiliates’ directors, officers, employees, trustees and agents, including accountants, legal counsel, other agents, experts and advisors (it being understood that the
Persons to whom such disclosure is made will be informed of the confidential nature of such Information, on a confidential and need-to-know basis, and instructed to keep
such Information confidential and any failure of such Persons acting on behalf of the Administrative Agent, any Issuing Bank or the relevant Lender to comply with this Section 9.12 shall constitute a breach of this Section 9.12 by the
Administrative Agent, such Issuing Bank or the relevant Lender, as applicable), (ii) to the extent requested or required by any governmental authority, regulatory authority or self-regulatory authority, required by applicable law or by any subpoena
or similar legal process in any pending legal, judicial or administrative proceeding (in each case based on the reasonable advice of legal counsel); provided that solely to the extent permitted by law and other than in connection with routine
audits and reviews by regulatory and self-regulatory authorities, each Lender and the Administrative Agent shall notify the Borrower as promptly as practicable of any such requested or required disclosure in connection with any legal or regulatory
proceeding prior to the disclosure of such Information; provided further that in no event shall any Lender or the Administrative Agent be obligated or required to return any materials furnished by the Borrower or any of the
Subsidiaries, (iii) to any other party to this Agreement, (iv) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder, (v) subject
to an agreement containing confidentiality undertakings substantially similar to those of this Section 9.12, to (A) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under
this Agreement, (B) any actual or prospective counterparty (or its advisors) to any Swap Agreement or derivative transaction relating to any Loan Party or its Subsidiaries and its obligations under

  
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the Loan Documents or (C) any pledgee referred to in Section 9.04(d), (vi) if required by any rating agency in connection with obtaining the ratings described in Section 5.15
hereof; provided that prior to any such disclosure, such rating agency shall have agreed in writing to maintain the confidentiality of such Information, (vii) to the extent such Information (x) becomes publicly available other than
as a result of improper disclosure by the Administrative Agent, any Issuing Bank or applicable Lender in violation of any confidentiality obligations owing to the Borrower and its Subsidiaries or a breach of this Section or (y) becomes
available to the Administrative Agent, any Issuing Bank, any Lender or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower or a third party that is not, to the knowledge of the Administrative Agent,
any Issuing Bank, any Lender or any of their respective Affiliates subject to contractual or fiduciary confidentially obligations owed to the Borrower or any of its Subsidiaries, or (viii) to the extent the Borrower shall have consented in
writing to such disclosure (viii) such disclosure is for purposes of establishing a defense in any legal proceeding. In addition, the Administrative Agent and the Lenders may disclose the existence of this Agreement and information about this
Agreement to market data collectors, similar service providers to the lending industry and service providers to the Administrative Agent and the Lenders in connection with the administration of this Agreement, the other Loan Documents, and the
Commitments. For the purposes hereof, “Information” means all information received from the Borrower relating to the Borrower, any other Subsidiary or their business, other than any such information that is available to the
Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis prior to disclosure by the Borrower or any Subsidiary; provided that, in the case of information received from the Borrower or any Subsidiary after the Effective
Date, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if
such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

(b) EACH LENDER ACKNOWLEDGES THAT INFORMATION AS DEFINED IN SECTION 9.12 FURNISHED TO IT PURSUANT TO THIS AGREEMENT MAY INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING THE BORROWER, THE LOAN PARTIES AND THEIR RELATED PARTIES OR THEIR RESPECTIVE SECURITIES AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT WILL HANDLE SUCH MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE
SECURITIES LAWS. 
 (c) ALL INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS FURNISHED BY THE BORROWER OR THE ADMINISTRATIVE AGENT
PURSUANT TO, OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT, WILL BE SYNDICATE-LEVEL INFORMATION, WHICH MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION ABOUT THE BORROWER, THE LOAN PARTIES AND THEIR RELATED
PARTIES OR THEIR RESPECTIVE SECURITIES. ACCORDINGLY, EACH LENDER REPRESENTS TO THE BORROWER AND THE ADMINISTRATIVE AGENT THAT IT HAS IDENTIFIED IN ITS ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN
MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH ITS COMPLIANCE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS. 

Section 9.13 USA PATRIOT Act. Each Lender that is subject to the USA PATRIOT Act and the Administrative Agent (for itself and not
on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name and address
of each Loan Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify each Loan Party in accordance with the USA PATRIOT Act. 

  
 138 

 Section 9.14 Release of Liens and Guarantees. 

(a) A Subsidiary Loan Party shall automatically be released from its obligations under the Loan Documents, and all security interests created
by the Security Documents in Collateral owned by such Subsidiary shall be automatically released, upon the consummation of any transaction permitted by this Agreement as a result of which such Subsidiary ceases to be a Restricted Subsidiary
(including pursuant to a permitted merger with a Subsidiary that is not a Loan Party); provided that, if so required by this Agreement, the Required Lenders shall have consented to such transaction and the terms of such consent shall not have
provided otherwise. Upon any sale or other transfer by any Loan Party (other than to the Borrower or any Subsidiary Loan Party) of any Collateral in a transaction permitted under this Agreement, or upon the effectiveness of any written consent to
the release of the security interest created under any Security Document in any Collateral in accordance with Section 9.02(b), the security interest in such Collateral created by the Security Documents shall be automatically released. Upon the
release of any Subsidiary Loan Party from its Guarantee in compliance with this Agreement, the security interest in any Collateral owned by such Subsidiary Loan Party created by the Security Documents shall be automatically released. Upon the
designation of a Restricted Subsidiary as an Unrestricted Subsidiary in compliance with this Agreement, the security interest created by the Security Documents in the Equity Interests of such Subsidiary shall automatically be released. Upon any
Subsidiary Loan Party becoming an Excluded Subsidiary in compliance with this Agreement, the security interest created by the Security Documents in the Equity Interests of such Subsidiary shall automatically be released. Upon termination of the
aggregate Commitments and payment in full of all Secured Obligations (other than (x) Secured Cash Management Obligations (as defined in the Collateral Agreement, (y) Secured Swap Obligations (as defined in the Collateral Agreement) and
(z) contingent indemnification obligations) and the expiration or termination of all Letters of Credit (including as a result of obtaining the consent of the applicable Issuing Bank as described in Section 9.05), all obligations under the
Loan Documents and all security interests created by the Security Documents shall be automatically released. In connection with any termination or release pursuant to this Section, the Administrative Agent shall execute and deliver to any Loan Party
at such Loan Party’s expense, all documents that such Loan Party shall reasonably request to evidence such termination or release so long as the Borrower, applicable Loan Party shall have provided the Administrative Agent such certifications or
documents as the Administrative Agent shall reasonably request in order to demonstrate compliance with this Agreement. 
 (b) The
Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to subordinate the Administrative Agent’s Lien on any property granted to or
held by the Administrative Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 6.02(iv). 

(c) Each of the Lenders and the Issuing Banks irrevocably authorizes the Administrative Agent to provide any release or evidence of release,
termination or subordination contemplated by this Section 9.14. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest
in particular types or items of property, or to release any Loan Party from its obligations under any Loan Document, in each case in accordance with the terms of the Loan Document and this Section 9.14. 

  
 139 

 Section 9.15 No Advisory or Fiduciary Responsibility. In connection with all aspects
of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), each of the Borrower acknowledges and agrees that (i) (A) the arranging and other services
regarding this Agreement provided by the Administrative Agent, the Syndication Agent, the Lenders and the Lead Arranger are arm’s-length commercial transactions between the Borrower and its Affiliates, on
the one hand, and the Administrative Agent, the Syndication Agent, the Lenders and the Lead Arranger, on the other hand, (B) the Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed
appropriate, and (C) each of the Borrower is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) each of the Administrative
Agent, the Syndication Agent, the Lenders and the Lead Arranger is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not and will not be acting as an advisor, agent or
fiduciary for the Borrower, any of its respective Affiliates or any other Person and (B) none of the Administrative Agent, the Syndication Agent, the Lenders and the Lead Arranger has any obligation to the Borrower or any of its Affiliates with
respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (iii) the Administrative Agent, the Lenders and the Lead Arranger and their respective Affiliates may be
engaged in a broad range of transactions that involve interests that differ from those of the Borrower and its Affiliates, and none of the Administrative Agent, the Syndication Agent, the Lenders and the Lead Arranger has any obligation to disclose
any of such interests to the Borrower or any of their respective Affiliates. To the fullest extent permitted by law, the Borrower hereby waives and releases any claims that it may have against the Administrative Agent, the Syndication Agent, the
Lenders and the Lead Arranger with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 

Section 9.16 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid
or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable law (the “Maximum Rate”). If the Administrative Agent or any
Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the interest
contracted for, charged or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable law, (a) characterize any payment that is not principal as an expense, fee or premium
rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the obligations
hereunder. 
 Section 9.17 Acknowledgement and Consent to Bail-In of EEA Financial
Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution
arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising
hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 
 (b) the effects of any Bail-In Action on any such liability, including, if applicable: 
 (i) a reduction in full
or in part or cancellation of any such liability; 

  
 140 

 (ii) a conversion of all, or a portion of, such liability into shares or other instruments of
ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights
with respect to any such liability under this Agreement or any other Loan Document; or 
 (iii) the variation of the terms of such liability
in connection with the exercise of the Write-Down and Conversion Powers of any EEA Resolution Authority. 
 [Remainder of Page
Intentionally Left Blank.] 

  
 141 

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

			
	GREENHILL & CO., INC.
		
	By:	 	 /s/ Harold J. Rodriguez, Jr.

	Name:	 	Harold J. Rodriguez, Jr.
	Title:	 	Chief Financial Officer

 [Signature Page to Credit Agreement] 

 
			
	GOLDMAN SACHS BANK USA
		
	By:	 	 /s/ Tom Manning

	Authorized Signatory

 [Signature Page to Credit Agreement] 

  

 Schedule 1.01 

Regulated Subsidiaries 
  

	1.	Greenhill & Co., LLC 

  

	2.	Greenhill Cogent, LP 

  
 Schedule 1.01 

 Schedule 2.01 

Commitments 
 Term Commitments

  

									
	 Term Lender
	  	Term Commitment	 	  	Percentage	 
	 Goldman Sachs Bank USA
	  	$	350,000,000.00	 	  	 	100	% 
	 Total:
	  	$	350,000,000.00	 	  	 	100	% 

 Revolving Commitments 
  

									
	 Revolving Lender
	  	Revolving Commitment	 	  	Percentage	 
	 Goldman Sachs Bank USA
	  	$	20,000,000.00	 	  	 	100	% 
	 Total:
	  	$	20,000,000.00	 	  	 	100	% 

  

  
 Schedule 2.01 

 Schedule 3.12 

Subsidiaries 
  

					
	 Name of Subsidiary of Borrower
	  	 Jurisdiction of Incorporation,
Formation or
Organization
	  	 Percentage of Equity Interests Owned by
Borrower

	 Greenhill Capital Partners, LLC
	  	Delaware	  	100%
	 Greenhill & Co., LLC
	  	New York	  	100%
	 Greenhill Aviation Co., LLC
	  	Delaware	  	100%
	 Greenhill & Co. Holding Canada Ltd.
	  	Canada	  	100%
	 Greenhill & Co. do Brasil Assessoria Ltda.
	  	Brazil	  	 99.6%
 (0.4% held by Brazilian senior employees
of the subsidiary)

	 Greenhill & Co. Sweden AB
	  	Sweden	  	100%
	 Greenhill & Co. Europe Holdings Limited
	  	England and Wales	  	100%
	 Greenhill & Co. Japan Ltd.
	  	Japan	  	100%
	 Greenhill & Co. Asia Limited
	  	Hong Kong	  	100%
	 Greenhill & Co. Australia Holdings Pty Ltd
	  	Australia	  	100%
	 Greenhill Cogent Asia Pte. Ltd.
	  	Singapore	  	100%
	 Greenhill GP, LLC
	  	Delaware	  	100%
	 Greenhill Cogent Holdings, LP
	  	Texas	  	 99.928%
 (0.072% held by Greenhill GP,
LLC)

	 Greenhill & Co. Canada Ltd.
	  	Canada	  	 0%
 (100% owned by Greenhill & Co.
Holding Canada Ltd.)

	 Greenhill & Co. Europe LLP
	  	England and Wales	  	 0%
 (99.9% owned by Greenhill & Co.
Europe Holdings Limited and 0.1% owned by Greenhill & Co. Cayman Limited)

	 Greenhill & Co. Cayman Limited
	  	Cayman Islands, B.W.I.	  	 0%
 (100% owned by Greenhill & Co.
Europe Holdings Limited)

  
 Schedule 3.12 

					
	 Greenhill & Co. International LLP
	  	England and Wales	  	 0%
 (99.9% owned by Greenhill & Co.
Europe Holdings Limited and 0.1% owned by Greenhill & Co. Cayman Limited)

	 Greenhill & Co. Australia Pty Limited
	  	Australia	  	 0%
 (100% owned by Greenhill & Co.
Australia Holdings Pty Ltd)

	 Greenhill Cogent, LP
	  	Texas	  	 0%
 (99.9% owned by Greenhill Cogent Holdings,
LP and 0.1% owned by Greenhill GP, LLC)

	 Greenhill Cogent Europe, LLP
	  	England and Wales	  	 0%
 (98.99% owned by Greenhill Cogent Holdings,
LP and 1.01% owned by Greenhill & Co. Cayman Limited)

	 G&C Newco Limited
	  	England and Wales	  	 0%
 (100% owned by Greenhill & Co.
Europe Holdings Limited)

  
 Schedule 3.12 

 Schedule 4.01(b) 

Local Counsel 
 Porter Hedges, as
Texas counsel to the Loan Parties 

  
 Schedule 4.01(b) 

 Schedule 5.14 

Certain Post-Closing Obligations 

None. 

  
 Schedule 5.14 

 Schedule 6.01 

Existing Indebtedness 

None. 
  

  
 Schedule 6.01 

 Schedule 6.02 

Existing Liens 
  

													
	 Entity
	  	 Jurisdiction
	  	Original Filing
Number	 	  	Date of Filing	 	  	 Secured Party

	 Greenhill & Co., Inc.
	  	New York	  	 	201508185922283	 	  	 	08/18/2015	 	  	Xerox Corporation
	 Greenhill & Co., Inc.
	  	New York	  	 	201401305107261	 	  	 	01/30/2014	 	  	Xerox Corporation
	 Greenhill & Co., LLC
	  	New York	  	 	201504215417089	 	  	 	04/21/2015	 	  	 NetApp, Inc. dba NetApp

Capital Solutions

	 Greenhill & Co., LLC
	  	New York	  	 	201310246124503	 	  	 	10/24/2013	 	  	NetApp Capital Solutions
	 Greenhill Cogent Holdings, LP
	  	Texas	  	 	17-0012716813	 	  	 	04/14/2017	 	  	Imagenet Consulting LLC

  

  
 Schedule 6.02 

 Schedule 6.04(e) 

Existing Investments 

Investments made by Greenhill Capital Partners, LLC 
  

	 	1.	$1,497,563 in Barrow Street III, a real estate investment fund. 

  

	 	2.	$106,391 investment in Greenhill Capital Partners II, a merchant banking investment fund. 

  

  
 Schedule 6.04(i) 

 Schedule 6.08 

Existing Affiliate Transactions 

None. 
  

  
 Schedule 6.08 

 Schedule 6.09 

Existing Restrictions 
 None. 

  
 Schedule 6.0 

 Schedule 9.01 

Notices 
  

			
	 Party
	  	 Address

	Administrative Agent	  	 Goldman Sachs Bank USA
 200 West Street

New York, NY 10282
 Attn: SBD Operations

Email: gsd.link@gs.com; ficc-ny-closers

@ny.email.gs.com

		
	 Goldman Sachs,
 as Issuing Bank
	  	 Goldman Sachs Bank USA
 200 West Street

New York, NY 10282
 Attn: LOC Operations

Email: gsd.link@gs.com

		
	Borrower	  	 Greenhill & Co., Inc
 Attn: Harold J.
Rodriguez, Jr.. CFO
 300 Park Avenue
New York , NY 10022

Telephone: 212-389-1516

Fax No.: 212-389-1716

Email: hrodriguez@greenhill.com
  

With copies to:
 Greenhill & Co., Inc.

Attn: Corporate Counsel
 300 Park Avenue

New York, NY 10022
  

and
  

Sullivan & Cromwell LLP
125 Broad Street
New York, NY 10004
Attn: John E. Estes, Esq.

Telephone: (212) 558-4349 
Fax No.: (212) 291-9049 
Email:
estesj@sullcrom.com
  
 ******

 
 Website: WWW.GREENHILL.COM

  
 Schedule 9.01 

 EXHIBIT A 

FORM OF ASSIGNMENT AND ASSUMPTION 

This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and is
entered into by and between the Assignor named below (the “Assignor”) and the Assignee named below (the “Assignee”). It is understood and agreed that the rights and obligations of the Assignor and the Assignee
hereunder are several and not joint. Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (the “Credit Agreement”), receipt of a copy of which is hereby
acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases
and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s
rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding
rights and obligations of the Assignor under the respective facilities identified below (including, without limitation, Letters of Credit and Guarantees included in such facilities) and (ii) to the extent permitted to be assigned under
applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or
instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all
other claims at law or in equity related to the rights and obligations sold and assigned by the Assignor to the Assignee pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above
being referred to herein collectively as, the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty
by the Assignor. 
  

					
	1.	  	Assignor:	  	[Assignor Name] [and is a Defaulting Lender]
			
	2.	  	Assignee:	  	 [Assignee Name]
 [and is an Affiliate/Approved
Fund]

			
	3.	  	Borrower:	  	Greenhill & Co., Inc.
			
	4.	  	Administrative Agent:	  	 Goldman Sachs Bank USA
 as the Administrative
Agent under the Credit Agreement

			
	5.	  	Credit Agreement	  	The Credit Agreement dated as of October 12, 2017 (as amended, restated, amended and restated, extended, supplemented or otherwise modified in writing from time to time), among Greenhill & Co., Inc., the Borrower, the
lenders from time to time party thereto and Goldman Sachs Bank USA, as Administrative Agent, Issuing Bank and Swing Line Lender.

  
 A-1 

							
	 6. Assigned Interest:
	  		  	

  

											
	 	  	 Facility Assigned
	  	Aggregate amount of
Commitment/Loans for
all Lenders	 	  	Amount of
Commitment/Loans
Assigned	 
		  	                        1	  	$	                        	 	  	$	                        	 
		  	                        	  	$	                        	 	  	$	                        	 
		  	                        	  	$	                        	 	  	$	                        	 

  

							
	 7. Effective Date:2
            , 20    
	  	

  

	1	Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Assignment (e.g., “Revolving
Commitment,” “Term Commitment,” “Revolving Loan,” “Term Loan,” etc.). 

	2 	To be inserted by Administrative Agent and which shall be the effective date of recordation of transfer in the register therefor. 

  
 A-2 

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

 

			
	ASSIGNOR:
	
	[NAME OF ASSIGNOR]
		
	By:	 	  

		 	Name:
		 	Title:
	
	ASSIGNEE:
	
	[NAME OF ASSIGNEE]
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	[Consented to and]3 Accepted:
	
	 Goldman Sachs Bank USA, as

    Administrative Agent

			
		
	By:	 	  

		 	Authorized Signatory
	
	[Consented to:]4

			
	
	
By:                         
                                         
                       
 Name:

Title:

  

	3 	To be added only if the consent of the Administrative Agent is required by the terms of Section 9.04 of the Credit Agreement. 

	4	To be added only if the consent of any of the Borrower, the Swing Line Lender or any Issuing Bank is required by the terms of Section 9.04 of the Credit
Agreement. 

  
 A-3 

 ANNEX I 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 
 1.
Representations and Warranties. 
 1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal
and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver
this Assignment and Assumption and to consummate the transactions contemplated hereby and (iv) it is [not] a Defaulting Lender; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made
in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial
condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document, or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of
any of their respective obligations under any Loan Document. 
 1.2 Assignee. The Assignee (a) represents and warrants that
(i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement,
(ii) it meets all the requirements to be an assignee under Section 9.04 of the Credit Agreement (subject to such consents, if any, as may be required under the Credit Agreement), (iii) from and after the Effective Date, it shall be bound
by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type
represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit
Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 5.01(a) or (b) thereof, as applicable, and such other documents and information as it
deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest, (vi) it has independently and without reliance upon the Administrative Agent or any other Lender
and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest and (vii) if it is a Lender that is not a
United States person, attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it
will, independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not
taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 

2. Payments. From and after the Effective Date referred to in this Assignment and Assumption, the Administrative Agent shall make all
payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued
from and after the Effective Date. 

  
 A-4 

 3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to
the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a
signature page of this Assignment and Assumption by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and
construed in accordance with, the law of the State of New York. 

  
 A-5 

 EXHIBIT B 

FORM OF GUARANTEE AGREEMENT 

[Provided under separate cover] 

  
 B-1 

 EXHIBIT C 

FORM OF PERFECTION CERTIFICATE 

[Provided under separate cover] 

  
 C-1 

 EXHIBIT D 

FORM OF COLLATERAL AGREEMENT 

[Provided under separate cover] 

  
 D-1 

 EXHIBIT E 

FORM OF BORROWING REQUEST 
 Goldman
Sachs Bank USA 
 as Administrative Agent 
 200 West Street 

New York, NY 10282-2198 
 Attention: 

[            ], 20[    ]1 
 Ladies and Gentlemen: 

The undersigned, Greenhill & Co., Inc. (the “Borrower”), refers to the Credit Agreement, dated as of October 12,
2017 (as amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the Lenders party thereto and Goldman Sachs Bank USA, as Administrative
Agent. 
 Capitalized terms used herein and not otherwise defined herein are used herein as defined in the Credit Agreement. 

The Borrower hereby gives you irrevocable notice pursuant to [Section 2.03][Section 2.24] of the Credit Agreement that it hereby requests a
Borrowing under the Credit Agreement and, in connection therewith, sets forth below the terms on which such Borrowing is requested to be made: 
  

	(A)	Class of Borrowing: 2 ____________ 

 

	(B)	Aggregate principal amount of Borrowing: $____________3 

  

	(C)	Type of Borrowing: 4 ____________ 

 

	(D)	Date of Borrowing: 5 __________,____ (the “Funding Date”)

 

	1	In the case of Revolving Loans or Term Loans, the Borrower must notify the Administrative Agent by telephone (a) in the case of a Eurodollar Borrowing, not later
than 2:00 p.m., New York City time, three (3) Business Days before the date of the proposed Borrowing or (b) in the case of an ABR Borrowing, not later than 12:00 p.m., New York City time, on the date which is one
(1) Business Day prior to the date of the proposed Borrowing. 

 In
the case of Swing Line Loans, the Borrower must notify the Swing Line Lender not later than 1:00 p.m., New York City time, on the date of the proposed Borrowing. 
  

	2 	Specify whether the Loans comprising such requested Borrowing are Revolving Loans, Incremental Revolving Loans, Other Revolving Loans, Term Loans, Other Term Loans or Swing Line Loans. 

	3 	Borrowing Minimum: (a) in the case of a Eurodollar Revolving Borrowing, $250,000, (b) in the case of an ABR Revolving Borrowing, $100,000 and (c) in the case of a Swing Line Borrowing, $500,000.

	4 	Specify whether the requested Borrowing is to be comprised of Eurodollar Loans or ABR Loans. 

	5 	Must be a Business Day. 

  
 E-1 

	(E)	Interest Period: 6 ________________

 

	(F)	Borrower’s account to which the proceeds of the Borrowing are to be disbursed (by wire transfer):7 

 

					
	 Bank Name:
	  	  
	  	
	 Bank Address:
	  	  
	  	
	 ABA No.:
	  	  
	  	
	 Account No.:
	  	  
	  	
	 Account Name:
	  	  
	  	
	 Ref:
	  	  
	  	

 The undersigned hereby represents and warrants that all conditions precedent to the funding of the Borrowing
pursuant to [Sections 4.01 and 4.02][Section 4.02] of the Credit Agreement are satisfied as of the date hereof and shall be satisfied on the Funding Date. 
  

			
	Greenhill & Co., Inc.
		
	By:	 	  

		 	Name:
		 	Title:

  

Footnote continued from previous page. 
  

	6 	Applicable to Eurodollar Borrowings only and subject to the definition of “Interest Period” and Section 2.07 of the Credit Agreement. 

	7	In the case of any ABR Revolving Borrowing requested to finance the reimbursement of an LC Disbursement pursuant to Section 2.05(f) of the Credit Agreement, the
Issuing Bank that made such LC Disbursement. 

 In the case of any ABR
Revolving Borrowing requested to finance a Refunded Swing Line Loan pursuant to Section 2.24(b)(iv) of the Credit Agreement, the Swing Line Lender. 

  
 E-2 

 EXHIBIT F 

FORM OF SOLVENCY CERTIFICATE 

[        ] 

This Solvency Certificate (this “Certificate”) is delivered pursuant to Section 4.01(l) of the Credit Agreement, dated
as of October 12, 2017 (the “Credit Agreement”) among Greenhill & Co., Inc. (the “Borrower”), the Lenders party thereto and Goldman Sachs Bank USA, as Administrative Agent. Unless otherwise defined
herein, capitalized terms used in this Certificate shall have the meanings set forth in the Credit Agreement. 
 I,
[        ], solely in my capacity as the Chief Financial Officer of the Borrower, do hereby certify on behalf of the Borrower that as of the date hereof, after giving effect to the consummation of the
Transactions contemplated by the Credit Agreement: 
 The sum of the debt (including contingent liabilities) of the Borrower and its
Subsidiaries, on a consolidated basis, does not exceed the present fair saleable value of the present assets of the Borrower and its Subsidiaries, on a consolidated basis. 

The capital of the Borrower and its Subsidiaries, on a consolidated basis, is not unreasonably small in relation to their business as
contemplated on the date hereof. 
 The Borrower and its Subsidiaries, on a consolidated basis, have not incurred and do not intend to
incur, or believe that they will incur, debts including current obligations, beyond their ability to pay such debts as they become due (whether at maturity or otherwise). 

The Borrower and its Subsidiaries, on a consolidated basis, are “solvent” within the meaning given to that term and similar terms
under applicable laws relating to fraudulent transfers and conveyances. 
 For purposes of this Certificate, the amount of any contingent
liability has been computed as the amount that, in light of all of the facts and circumstances existing as of the date hereof, represents the amount that can reasonably be expected to become an actual or matured liability (irrespective of whether
such contingent liabilities meet the criteria for accrual under Statement of Financial Accounting Standards No. 5). 
 In reaching the
conclusions set forth in this Certificate, I have made such other investigations and inquiries as I have deemed appropriate, having taken into account the nature of the particular business anticipated to be conducted by the Borrower and its
Subsidiaries after the consummation of the Transactions contemplated by the Credit Agreement. 
 [Remainder of Page Intentionally Left Blank]

  
 F-1 

 IN WITNESS WHEREOF, I HAVE EXECUTED THIS Certificate as of the date first written above: 

 

			
	By:	 	  

		 	Name:
		 	Title: Chief Financial Officer

  
 F-2 

 EXHIBIT G 

FORM OF INTERCOMPANY NOTE 
 New
York, New York 
 Date:             , 201[     ] 

FOR VALUE RECEIVED, each of the undersigned, to the extent a borrower from time to time from any other entity listed on the signature page
hereto (each, in such capacity, a “Payor”), hereby promises to pay on demand to such other entity listed below (each, in such capacity, a “Payee”), in lawful money of the United States of America, or in such other
currency as agreed to by such Payor and such Payee, in immediately available funds, at such location in the United States of America as a Payee shall from time to time designate, the unpaid principal amount of all loans and advances (including trade
payables) made by such Payee to such Payor. Each Payor promises also to pay interest on the unpaid principal amount of all such loans and advances in like money at said location from the date of such loans and advances until paid at such rate per
annum as shall be agreed upon from time to time by such Payor and such Payee. 
 This note (“Note”) is an intercompany note
referred to in Section 6.01(a)(iv) of the Credit Agreement, dated as of October 12, 2017 (as amended, restated, amended and restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit
Agreement;” the terms defined therein being used herein as therein defined), among Greenhill & Co., Inc. (the “Borrower”)), the Lenders party thereto and Goldman Sachs Bank USA, as Administrative Agent, Swing Line
Lender and Issuing Bank, and is subject to the terms thereof, and shall be pledged by each Payee pursuant to the Collateral Agreement, to the extent required pursuant to the terms thereof. Each Payee hereby acknowledges and agrees that after the
occurrence and during the continuance of an Event of Default and after notice from the Administrative Agent to such Payee (provided that no such notice shall be required to be given in the case of any Event of Default arising under
Section 7.01(h) or 7.01(i) of the Credit Agreement), the Administrative Agent may exercise any and all rights of any Loan Party with respect to this Note. 

Anything in this Note to the contrary notwithstanding, the indebtedness evidenced by this Note owed by any Payor that is a Loan Party to any
Payee that is not a Loan Party shall be subordinate and junior in right of payment, to the extent and in the manner hereinafter set forth, to all Secured Obligations of such Payor until the payment in full in cash of all Secured Obligations of such
Payor; provided, that each Payor may make payments to the applicable Payee unless an Event of Default shall have occurred and be continuing and such Payor shall have received notice from the Administrative Agent (provided, that no such
notice shall be required to be given in the case of any Event of Default arising under Section 7.01(h) or 7.01(i) of the Credit Agreement) (such Secured Obligations and other indebtedness and obligations in connection with any renewal,
refunding, restructuring or refinancing thereof, including interest thereon accruing after the commencement of any proceedings referred to in clause (i) below, whether or not such interest is an allowed claim in such proceeding, being
hereinafter collectively referred to as “Senior Indebtedness”): 
 (i) in the event of any insolvency or
bankruptcy proceedings, and any receivership, liquidation, reorganization or other similar proceedings in connection therewith, relative to any Payor or to its creditors, as such, or to its property, and in the event of any proceedings for voluntary
liquidation, dissolution or other winding up of such Payor, whether or not involving insolvency or bankruptcy, then, if an Event of Default has occurred and is continuing, (x) the holders of Senior Indebtedness shall be paid in full in cash in
respect of all amounts constituting 

  
 G-1 

 
Senior Indebtedness before any Payee that is not a Loan Party is entitled to receive (whether directly or indirectly), or make any demands for, any payment on account of this Note and
(y) until the holders of Senior Indebtedness are paid in full in cash in respect of all amounts constituting Senior Indebtedness, any payment or distribution to which such Payee would otherwise be entitled (other than debt securities of such
Payor that are subordinated, to at least the same extent as this Note, to the payment of all Senior Indebtedness then outstanding (such securities being hereinafter referred to as “Restructured Debt Securities”)) shall be made to
the holders of Senior Indebtedness; 
 (ii) if any Event of Default has occurred and is continuing and after notice from the
Administrative Agent (provided that no such notice shall be required to be given in the case of any Event of Default arising under Section 7.01(h) or 7.01(i) of the Credit Agreement), then no payment or distribution of any kind or
character shall be made by or on behalf of any Payor that is a Loan Party or any other Person on its behalf with respect to this Note owed to any Payee that is not a Loan Party; and 

(iii) if any payment or distribution of any character, whether in cash, securities or other property (other than Restructured
Debt Securities), in respect of this Note shall (despite these subordination provisions) be received by any Payee in violation of clause (i) or (ii) before all Senior Indebtedness shall have been paid in full in cash, such payment or
distribution shall be held in trust for the benefit of, and shall be paid over or delivered to, the holders of Senior Indebtedness (or their representatives), ratably according to the respective aggregate amounts remaining unpaid thereon, to the
extent necessary to pay all Senior Indebtedness in full in cash. 
 To the fullest extent permitted by law, no present or future holder of
Senior Indebtedness shall be prejudiced in its right to enforce the subordination of this Note by any act or failure to act on the part of any Payor or by any act or failure to act on the part of such holder or any trustee or agent for such holder.
Each Payee and each Payor hereby agree that the subordination of this Note is for the benefit of the Administrative Agent, the Swing Line Lender, each Issuing Bank and the Lenders and the Administrative Agent, the Swing Line Lender, each Issuing
Bank and the Lenders are obligees under this Note to the same extent as if their names were written herein as such and the Administrative Agent may, on behalf of itself, each Issuing Bank, the Swingline Lender and the Lenders, proceed to enforce the
subordination provisions herein. 
 The indebtedness evidenced by this Note owed by any Payor that is not a Loan Party or any Payor that is
a Loan Party, in each case, to any Payee that is a Loan Party shall not be subordinated to, and shall rank pari passu in right of payment with, any other obligation of such Payor. 

Nothing contained in the subordination provisions set forth above is intended to or will impair, as between each Payor and each Payee, the
obligations of such Payor, which are absolute and unconditional, to pay to such Payee the principal of and interest on this Note as and when due and payable in accordance with its terms, or is intended to or will affect the relative rights of such
Payee and other creditors of such Payor other than the holders of Senior Indebtedness. 
 Each Payee is hereby authorized to record all
loans and advances made by it to any Payor (all of which shall be evidenced by this Note), and all repayments or prepayments thereof, in its books and records, such books and records constituting prima facie evidence of the accuracy of the
information contained therein. 

  
 G-2 

 Each Payor hereby waives presentment, demand, protest or notice of any kind in connection with
this Note. All payments under this Note shall be made without offset, counterclaim or deduction of any kind. 
 This Note shall be binding
upon each Payor and its successors and assigns, and the terms and provisions of this Note shall inure to the benefit of each Payee and its successors and assigns, including subsequent holders hereof. Notwithstanding anything to the contrary
contained herein, in any other Loan Document or in any other promissory note or other instrument, this Note replaces and supersedes any and all promissory notes or other instruments which create or evidence any loans or advances made on, before or
after the date hereof by any Payee to the Borrower or any Subsidiary, in each case to the extent required to be pledged to the Administrative Agent pursuant to the Collateral Agreement. 

From time to time after the date hereof, additional subsidiaries of the Borrower may become parties hereto (as Payor and/or Payee, as the case
may be) by executing a counterpart signature page to this Note (each additional subsidiary, an “Additional Party”). Upon delivery of such counterpart signature page to the Payees, notice of which is hereby waived by the other
Payors, each Additional Party shall be a Payor and/or a Payee, as the case may be, and shall be as fully a party hereto as if such Additional Party were an original signatory hereof. Each Payor expressly agrees that its obligations arising hereunder
shall not be affected or diminished by the addition or release of any other Payor or Payee hereunder. This Note shall be fully effective as to any Payor or Payee that is or becomes a party hereto regardless of whether any other Person becomes or
fails to become or ceases to be a Payor or Payee hereunder. 
 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
OF THE STATE OF NEW YORK. 
 [Remainder of Page Intentionally Left Blank] 

  
 G-3 

 
			
	[                    ],
	as Payee and Payor
		
	By:	 	  

		 	Name:
		 	Title:
	
	 [                    ],

as Payee and Payor

		
	By:	 	  

		 	Name:
		 	Title:

  
 G-4 

 EXHIBIT H-1 

FORM OF 

UNITED STATES TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to that certain Credit Agreement, dated as of October 12, 2017, (as amended, restated, extended, amended and restated,
supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among Greenhill & Co., Inc. (the “Borrower”)), the Lenders party thereto and Goldman Sachs Bank USA, as
Administrative Agent, Swing Line Lender and Issuing Bank. Capitalized terms used herein but not otherwise defined herein shall have the meaning given to such terms in the Credit Agreement. 

Pursuant to the provisions of Section 2.17(f) and Section 9.04(b) of the Credit Agreement, the undersigned hereby certifies that
(i) it is the sole record and beneficial owner of the Loan(s) (as well as any note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a “bank” extending credit pursuant to a loan
agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Borrower within the meaning of Section 881(c)(3)(B) of the
Code, (iv) it is not a “controlled foreign corporation” related to the Borrower as described in Section 881(c)(3)(C) of the Code, and (v) the interest payments on the Loan(s) are not effectively connected with the
undersigned’s conduct of a United States trade or business. 
 The undersigned has furnished the Administrative Agent and the Borrower
with a certificate of its non-U.S. person status on Internal Revenue Service Form W-8BEN or
W-8BEN-E. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, or if a lapse in time or change in
circumstances renders the information on this certificate obsolete, expired or inaccurate in any material respect, the undersigned shall promptly so inform the Borrower and the Administrative Agent in writing and (2) the undersigned shall
furnish the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or at such times as are reasonably requested by the
Borrower or the Administrative Agent. 
 [Remainder of Page Intentionally Left Blank] 

  
 H-1-1 

 
			
	[Lender]
		
	By:	 	  

		 	Name:
		 	Title:
	
	[Address]

 Dated:                 ,
20[    ] 

  
 H-1-2 

 EXHIBIT H-2 

FORM OF 

UNITED STATES TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to that certain Credit Agreement, dated as of October 12, 2017, (as amended, restated, amended and restated, extended,
supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among Greenhill & Co., Inc. (the “Borrower”)), the Lenders party thereto and Goldman Sachs Bank USA, as
Administrative Agent, Swing Line Lender and Issuing Bank. Capitalized terms used herein but not otherwise defined herein shall have the meaning given to such terms in the Credit Agreement. 

Pursuant to the provisions of Section 2.17(f) and Section 9.04(b) of the Credit Agreement, the undersigned hereby certifies that
(i) it is the sole record owner of the Loan(s) (as well as any note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such
Loan(s) (as well as any note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to the Credit Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect partners/members is a bank
extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent
shareholder of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, (v) none of its direct or indirect partners/members is a “controlled foreign corporation” related to the Borrower as described in
Section 881(c)(3)(C) of the Code, and (vi) the interest payments on the Loan(s) are not effectively connected with the undersigned’s or its partners/members’ conduct of a United States trade or business. 

The undersigned has furnished the Administrative Agent and the Borrower with Internal Revenue Service Form
W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) Internal Revenue Service Form
W-8BEN or W-8BEN-E from each of its partners/members or (ii) an Internal Revenue Service Form
W-8BEN or W-8BEN-E from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest
exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, or if a lapse in time or change in circumstances renders the information on this certificate obsolete, expired or
inaccurate in any material respect, the undersigned shall promptly so inform the Borrower and the Administrative Agent in writing and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent in writing
with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or at such times as are reasonably requested by either the Borrower or the Administrative Agent. 

[Remainder of Page Intentionally Left Blank] 

  
 H-2-1 

 
			
	[Lender]
		
	By:	 	  

		 	Name:
		 	Title:
	
	[Address]

 Dated:
                    , 20[    ] 

  
 H-2-2 

 EXHIBIT H-3 

FORM OF 

UNITED STATES TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to that certain Credit Agreement, dated as of October 12, 2017, (as amended, restated, amended and restated, extended,
supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among Greenhill & Co., Inc. (the “Borrower”)), the Lenders party thereto and Goldman Sachs Bank USA, as
Administrative Agent, Swing Line Lender and Issuing Bank. Capitalized terms used herein but not otherwise defined herein shall have the meaning given to such terms in the Credit Agreement. 

Pursuant to the provisions of Section 2.17(f) and Section 9.04(c) of the Credit Agreement, the undersigned hereby certifies that
(i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such participation, (iii) with respect to such
participation, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of
Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, and (v) none of its direct or indirect
partners/members is a “controlled foreign corporation” related to the Borrower as described in Section 881(c)(3)(C) of the Code, and (vi) the interest payments with respect to such participation are not effectively connected with
the undersigned’s or its partners’/members’ conduct of a United States trade or business. 
 The undersigned has furnished
its participating Lender with Internal Revenue Service Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an
Internal Revenue Service Form W-8BEN or W-8BEN-E or (ii) an Internal Revenue Service Form
W-8IMY accompanied by and Internal Revenue Service Form W-8BEN or W-8BEN-E from each of
such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, or if a lapse in time
or change in circumstances renders the information on this certificate obsolete, expired or inaccurate in any material respect, the undersigned shall promptly so inform such Lender in writing and (2) the undersigned shall have at all times
furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned or at such times as are reasonably requested by such Lender. 

[Remainder of Page Intentionally Left Blank] 

  
 H-3-1 

 
			
	[Participant]
		
	By:	 	  

		 	Name:
		 	Title:
	
	[Address]

 Dated:
                    , 20[    ] 

  
 H-3-2 

 EXHIBIT H-4 

FORM OF 

UNITED STATES TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to that certain Credit Agreement, dated as of October 12, 2017, (as amended, restated, amended and restated, extended,
supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among Greenhill & Co., Inc. (the “Borrower”)), the Lenders party thereto and Goldman Sachs Bank USA, as
Administrative Agent, Swing Line Lender and Issuing Bank. Capitalized terms used herein but not otherwise defined herein shall have the meaning given to such terms in the Credit Agreement. 

Pursuant to the provisions of Section 2.17(f) and Section 9.04(c) of the Credit Agreement, the undersigned hereby certifies that
(i) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade
or business within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, (iv) it is not a “controlled foreign
corporation” related to the Borrower as described in Section 881(c)(3)(C) of the Code, and (v) the interest payments with respect to such participation are not effectively connected with the undersigned’s conduct of a United
States trade or business. 
 The undersigned has furnished its participating Lender with a certificate of its
non-U.S. Person status on Internal Revenue Service Form W-8BEN or W-8BEN-E, as
applicable. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, or if a lapse in time or change in circumstances renders the information on this certificate obsolete, expired
or inaccurate in any material respect, the undersigned shall promptly so inform such Lender in writing and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either
the calendar year in which each payment is to be made to the undersigned or at such times as are reasonably requested by such Lender. 

[Remainder of Page Intentionally Left Blank] 

  
 H-4-1 

 
			
	[Participant]
		
	By:	 	  

		 	Name:
		 	Title:
	
	[Address]

 Dated:
                    , 20[    ] 

  
 H-4-2EX-4.2

 Exhibit 4.2 
  

 
  

CORECIVIC, INC. 
 as Issuer, 

the GUARANTORS named herein, 
 as
Guarantors, 
 and 
 U.S. BANK
NATIONAL ASSOCIATION, 
 as Trustee 

SECOND SUPPLEMENTAL INDENTURE 

Dated as of October 13, 2017 

4.75% Senior Notes due 2027 
  

 
  

 CROSS-REFERENCE TABLE 
  

			
	 Trust Indenture Act Section
	  	Indenture Section
	310(a)(1)	  	7.10
	      (a)(2)	  	7.10
	      (a)(3)	  	N.A.
	      (a)(4)	  	N.A.
	      (a)(5)	  	7.08; 7.10
	      (b)	  	7.08; 7.10; 11.02
	      (c)	  	N.A.
	311(a)	  	7.11
	      (b)	  	7.11
	      (c)	  	N.A.
	312(a)	  	2.05
	      (b)	  	12.03
	      (c)	  	12.03
	313(a)	  	7.06
	      (b)(1)	  	7.06
	      (b)(2)	  	7.06
	      (c)	  	7.06
	      (d)	  	7.06
	314(a)	  	4.04; 4.09
	      (b)	  	N.A.
	      (c)(1)	  	12.04
	      (c)(2)	  	12.04
	      (c)(3)	  	N.A.
	      (d)	  	N.A.
	      (e)	  	12.05
	      (f)	  	N.A.
	315(a)	  	7.01(b); 7.02(a)
	      (b)	  	7.05; 11.02
	      (c)	  	7.01
	      (d)	  	6.05; 7.01(c)
	      (e)	  	6.11
	316(a)(last sentence)	  	2.09
	      (a)(1)(A)	  	6.05
	      (a)(1)(B)	  	6.04
	      (a)(2)	  	N.A.
	      (b)	  	6.07
	      (c)	  	9.04
	317(a)(1)	  	6.08
	      (a)(2)	  	6.09
	      (b)	  	2.04
	318(a)	  	11.01
	      (b)	  	11.01

 N.A. means not applicable. 

Note: This Cross-Reference Table shall not, for any purpose, be deemed to be a part of this Indenture. 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	
	 ARTICLE ONE

DEFINITIONS AND INCORPORATION BY REFERENCE
	  
  

			
	SECTION 1.01.	  	Definitions	  	 	1	 
	SECTION 1.02.	  	Other Definitions	  	 	11	 
	SECTION 1.03.	  	Incorporation by Reference of Trust Indenture Act	  	 	12	 
	SECTION 1.04.	  	Rules of Construction	  	 	12	 
	
	ARTICLE TWO	 
	THE NOTES	 
			
	SECTION 2.01.	  	Form and Dating	  	 	12	 
	SECTION 2.02.	  	Execution, Authentication and Denomination; Additional Notes	  	 	13	 
	SECTION 2.03.	  	Registrar and Paying Agent	  	 	14	 
	SECTION 2.04.	  	Paying Agent To Hold Assets in Trust	  	 	14	 
	SECTION 2.05.	  	Holder Lists	  	 	15	 
	SECTION 2.06.	  	Transfer and Exchange	  	 	15	 
	SECTION 2.07.	  	Replacement Notes	  	 	15	 
	SECTION 2.08.	  	Outstanding Notes	  	 	15	 
	SECTION 2.09.	  	Treasury Notes	  	 	16	 
	SECTION 2.10.	  	Temporary Notes	  	 	16	 
	SECTION 2.11.	  	Cancellation	  	 	16	 
	SECTION 2.12.	  	Defaulted Interest	  	 	16	 
	SECTION 2.13.	  	CUSIP and ISIN Numbers	  	 	17	 
	SECTION 2.14.	  	[Reserved]	  	 	17	 
	SECTION 2.15.	  	Book-Entry Provisions for Global Notes	  	 	17	 
	SECTION 2.16.	  	Special Transfer and Exchange Provisions.	  	 	18	 
	
	ARTICLE THREE	 
	REDEMPTION	 
			
	SECTION 3.01.	  	Notices to Trustee	  	 	19	 
	SECTION 3.02.	  	Selection of Notes To Be Redeemed	  	 	19	 
	SECTION 3.03.	  	Notice of Redemption	  	 	19	 
	SECTION 3.04.	  	Effect of Notice of Redemption	  	 	20	 
	SECTION 3.05.	  	Deposit of Redemption Price	  	 	21	 
	SECTION 3.06.	  	Notes Redeemed in Part	  	 	21	 
	SECTION 3.07.	  	Mandatory Redemption	  	 	21	 
	
	ARTICLE FOUR	 
	COVENANTS	 
			
	SECTION 4.01.	  	Payment of Notes	  	 	21	 
	SECTION 4.02.	  	Maintenance of Office or Agency	  	 	21	 
	SECTION 4.03.	  	Corporate Existence	  	 	22	 
	SECTION 4.04.	  	Compliance Certificate; Notice of Default	  	 	22	 
	SECTION 4.05.	  	[Intentionally Omitted]	  	 	23	 

  
 -i- 

							
	 	  	 	  	Page	 
			
	SECTION 4.06.	  	Waiver of Stay, Extension or Usury Laws	  	 	23	 
	SECTION 4.07.	  	Change of Control	  	 	23	 
	SECTION 4.08.	  	Limitation on Liens	  	 	24	 
	SECTION 4.09.	  	Reports to Holders	  	 	25	 
	SECTION 4.10.	  	Additional Subsidiary Guarantees	  	 	25	 
	
	ARTICLE FIVE	 
	SUCCESSOR CORPORATION	 
			
	SECTION 5.01.	  	Consolidation, Merger and Sale of Assets	  	 	25	 
	SECTION 5.02.	  	Successor Corporation Substituted	  	 	26	 
	
	ARTICLE SIX	 
	DEFAULT AND REMEDIES	 
			
	SECTION 6.01.	  	Events of Default	  	 	26	 
	SECTION 6.02.	  	Acceleration	  	 	28	 
	SECTION 6.03.	  	Other Remedies	  	 	28	 
	SECTION 6.04.	  	Waiver of Past Defaults	  	 	28	 
	SECTION 6.05.	  	Control by Majority	  	 	29	 
	SECTION 6.06.	  	Limitation on Suits	  	 	29	 
	SECTION 6.07.	  	Rights of Holders of Notes to Receive Payment	  	 	29	 
	SECTION 6.08.	  	Collection Suit by Trustee	  	 	29	 
	SECTION 6.09.	  	Trustee May File Proofs of Claim	  	 	29	 
	SECTION 6.10.	  	Priorities	  	 	30	 
	SECTION 6.11.	  	Undertaking for Costs	  	 	30	 
	SECTION 6.12.	  	Restoration of Rights and Remedies	  	 	30	 
	
	ARTICLE SEVEN	 
	TRUSTEE	 
			
	SECTION 7.01.	  	Duties of Trustee	  	 	31	 
	SECTION 7.02.	  	Rights of Trustee	  	 	32	 
	SECTION 7.03.	  	Individual Rights of Trustee	  	 	33	 
	SECTION 7.04.	  	Trustee’s Disclaimer	  	 	33	 
	SECTION 7.05.	  	Notice of Default	  	 	33	 
	SECTION 7.06.	  	Reports by Trustee to Holders	  	 	33	 
	SECTION 7.07.	  	Compensation and Indemnity	  	 	33	 
	SECTION 7.08.	  	Replacement of Trustee	  	 	34	 
	SECTION 7.09.	  	Successor Trustee by Merger, Etc.	  	 	35	 
	SECTION 7.10.	  	Eligibility, Disqualification	  	 	35	 
	SECTION 7.11.	  	Preferential Collection of Claims Against the Issuer	  	 	35	 
	
	ARTICLE EIGHT	 
	DISCHARGE OF INDENTURE, DEFEASANCE	 
			
	SECTION 8.01.	  	Option to Effect Legal Defeasance or Covenant Defeasance	  	 	35	 
	SECTION 8.02.	  	Legal Defeasance and Discharge	  	 	36	 
	SECTION 8.03.	  	Covenant Defeasance	  	 	36	 
	SECTION 8.04.	  	Application of Trust Money	  	 	37	 

  
 -ii- 

							
	 	  	 	  	Page	 
			
	SECTION 8.05.	  	Deposited Money and Government Securities To Be Held in Trust; Other Miscellaneous Provisions	  	 	38	 
	SECTION 8.06.	  	Repayment to the Issuer	  	 	38	 
	SECTION 8.07.	  	Reinstatement	  	 	38	 
	
	ARTICLE NINE	 
	AMENDMENTS, SUPPLEMENTS AND WAIVERS	 
			
	SECTION 9.01.	  	Without Consent of Holders	  	 	39	 
	SECTION 9.02.	  	With Consent of Holders	  	 	39	 
	SECTION 9.03.	  	Compliance with the Trust Indenture Act	  	 	40	 
	SECTION 9.04.	  	Revocation and Effect of Consents	  	 	40	 
	SECTION 9.05.	  	Notation on or Exchange of Notes	  	 	41	 
	SECTION 9.06.	  	Trustee To Sign Amendments, Etc.	  	 	41	 
	
	 ARTICLE TEN

SUBSIDIARY GUARANTEES
	  
  

			
	SECTION 10.01.	  	Guarantee	  	 	41	 
	SECTION 10.02.	  	Limitation on Guarantor Liability	  	 	42	 
	SECTION 10.03.	  	Execution and Delivery of Subsidiary Guarantee	  	 	43	 
	SECTION 10.04.	  	Release of a Guarantor	  	 	43	 
	
	ARTICLE ELEVEN	 
	SATISFACTION AND DISCHARGE	 
			
	SECTION 11.01.	  	Satisfaction and Discharge	  	 	44	 
	SECTION 11.02.	  	Application of Trust Money	  	 	45	 
	
	ARTICLE TWELVE	 
	MISCELLANEOUS	 
			
	SECTION 12.01.	  	Trust Indenture Act Controls	  	 	45	 
	SECTION 12.02.	  	Notices	  	 	45	 
	SECTION 12.03.	  	Communications by Holders with Other Holders	  	 	46	 
	SECTION 12.04.	  	Certificate and Opinion as to Conditions Precedent	  	 	46	 
	SECTION 12.05.	  	Statements Required in Certificate or Opinion	  	 	46	 
	SECTION 12.06.	  	Rules by Paying Agent or Registrar	  	 	47	 
	SECTION 12.07.	  	No Personal Liability of Directors, Officers, Employees and Stockholders	  	 	47	 
	SECTION 12.08.	  	Legal Holidays	  	 	47	 
	SECTION 12.09.	  	Governing Law; Waiver of Jury Trial	  	 	47	 
	SECTION 12.10.	  	No Adverse Interpretation of Other Agreements	  	 	47	 
	SECTION 12.11.	  	[Reserved]	  	 	47	 
	SECTION 12.12.	  	Successors	  	 	47	 
	SECTION 12.13.	  	Duplicate Originals	  	 	47	 
	SECTION 12.14.	  	Severability	  	 	47	 
	SECTION 12.15.	  	U.S.A. Patriot Act	  	 	48	 
	SECTION 12.16.	  	Force Majeure	  	 	48	 
	
	SIGNATURES	 

  
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	 	 	 	  	Page	 
			
	Exhibit A    —	 	Form of Note	  	 	A-1	 
	Exhibit B    —	 	Form of Notation of Subsidiary Guarantee	  	 	B-1	 
	Exhibit C    —	 	Form of Supplemental Indenture	  	 	C-1	 

 Note: This Table of Contents shall not, for any purpose, be deemed to be part of this Indenture. 

  
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 SECOND SUPPLEMENTAL INDENTURE dated as of October 13, 2017 (this “Supplemental
Indenture”), among CoreCivic, Inc., a Maryland corporation (the “Issuer”), each of the Guarantors named herein, as Guarantors, and U.S. Bank National Association, existing under the laws of the United States of America, as
Trustee (the “Trustee”). 
 WHEREAS, the Issuer and the Trustee have executed and delivered the indenture, dated as of
September 25, 2015 (the “Base Indenture”), to provide for the issuance from time to time of Securities (as defined in the Base Indenture) in one or more Series (as defined in the Base Indenture); and 

WHEREAS, pursuant to the terms of the Base Indenture, the Issuer desires to provide for the establishment of a new Series of Securities under
the Base Indenture to be known as its “4.75% Senior Notes due 2027”, the form and substance and the terms, provisions and conditions thereof to be set forth as provided in the Base Indenture and this Supplemental Indenture; and 

WHEREAS, the Board of Directors of the Issuer pursuant to resolutions duly adopted on September 15, 2017, and the pricing committee of
the Board of Directors of the Issuer pursuant to resolutions duly adopted on October 11, 2017, have duly authorized the issuance of $250.0 million aggregate principal amount of its 4.75% Senior Notes due 2027 and have authorized the proper
officers of the Issuer to execute any and all appropriate documents necessary or appropriate to effect such issuance; and 
 WHEREAS, this
Supplemental Indenture is being entered into pursuant to the provisions of Article IX of the Base Indenture to establish the form and terms of the Notes (as defined herein) in accordance with Sections 2.1 and 2.2 of the Base Indenture and to
establish the form and terms of the Guarantees (as defined in the Base Indenture) by the Guarantors (as defined herein) of the Notes in accordance with Article XII of the Base Indenture; and 

WHEREAS, the Issuer has requested that the Trustee execute and deliver this Supplemental Indenture; and 

WHEREAS, all things and acts necessary to make this Supplemental Indenture the legal, valid and binding obligation of the Issuer and the
Guarantors, and to make the Notes, when executed by the Issuer and authenticated and delivered by the Trustee, the legal, valid and binding obligation of the Issuer, have been performed, and the execution and delivery of this Supplemental Indenture,
the Subsidiary Guarantees (as defined herein) and the Notes have been duly authorized in all respects; 
 NOW, THEREFORE, in consideration
of the foregoing, the parties hereto, for the benefit of each other and for the equal and proportionate benefit of all Persons who hereafter become Holders (as defined herein) of Notes, hereby enter into this Supplemental Indenture, which amends,
modifies, supplements and restates (as applicable) the Base Indenture with respect to (and only with respect to) the Notes, as follows: 

ARTICLE ONE 
 DEFINITIONS AND
INCORPORATION BY REFERENCE 
 SECTION 1.01.    Definitions. Set forth below are certain defined terms used in
this Indenture. 
 “Adjusted Total Assets” means the sum of: 

(1) Total Assets of the Issuer as of the end of the of the most recent fiscal quarter as set forth on the most recent quarterly
or annual consolidated balance sheet of the Issuer prepared in conformity with GAAP; and 

 (2)    any increase or decrease in Total Assets following the
end of such quarter to the date for which Adjusted Total Assets is being calculated, determined on a pro forma basis, including, without limitation, giving any pro forma increase or decrease in Total Assets resulting from the
transaction with respect to which Adjusted Total Assets is being calculated. 
 “Adjusted Treasury Rate” means, with
respect to any redemption date: 
 (1)    the yield, under the heading which represents the average for
the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and which
establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the Comparable Treasury Issue (if no maturity is
within three months before or after the Remaining Life, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue shall be determined and the Adjusted Treasury Rate shall be interpolated or extrapolated from
such yields on a straight line basis, rounding to the nearest month); or 
 (2)    if such release (or
any successor release) is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a
price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date. 

The Adjusted Treasury Rate shall be calculated on the third Business Day preceding the redemption date or, in the case of a satisfaction and
discharge at the time a redemption notice is delivered, two Business Days prior to the deposit of funds with the Trustee in accordance with the terms of this Indenture for such satisfaction and discharge. 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under
direct or indirect common control with such specified Person. For purposes of this definition, “control,” as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of
the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise; provided that beneficial ownership of 10% or more of the Voting Stock of a Person will be deemed to be control. For
purposes of this definition, the terms “controlling,” “controlled by” and “under common control with” have correlative meanings. 

“Agent” means any Registrar or Paying Agent. 

“Applicable Premium” means with respect to a Note at any redemption date as determined by an Independent Investment Banker,
the sum of the present values of the remaining scheduled payments of principal and interest on such Note (not including any portion of such payments of interest accrued to the date of redemption) discounted to the redemption date on a semiannual
basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate, plus 50 basis points. 

“Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law for the relief of debtors. 

“Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the Exchange Act), such “person”
will be deemed to have beneficial 

  
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ownership of all securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable only
upon the occurrence of a subsequent condition. The terms “Beneficially Owns” and “Beneficially Owned” have a corresponding meaning. 

“Board of Directors” means: 

(1)    with respect to a corporation, the board of directors of the corporation or any committee thereof
duly authorized to act on behalf of such board; 
 (2)    with respect to a partnership, the board of
directors of the general partner of the partnership; 
 (3)    with respect to a limited liability
company, the managing member or members or any controlling committee of managing members thereof; and 

(4)    with respect to any other Person, the board or committee of such Person serving a similar function.

 “Business Day” means a day other than a Saturday, Sunday or any other day on which banking institutions in New York City
or the location of the Corporate Trust Office of the Trustee are authorized or required by law, regulation or executive order to close. 

“Capital Lease Obligation” means, at the time any determination is to be made, the amount of the liability in respect of a
capital lease that would at that time be required to be capitalized on a balance sheet in accordance with GAAP. 
 “Capital
Stock” means: 
 (1)    in the case of a corporation, corporate stock; 

(2)    in the case of an association or business entity, any and all shares, interests, participations,
rights or other equivalents (however designated) of corporate stock; 
 (3)    in the case of a
partnership or limited liability company, partnership interests (whether general or limited) or membership interests; and 

(4)    any other interest or participation that confers on a Person the right to receive a share of the
profits and losses of, or distributions of assets of, the issuing Person; but excluding from all of the foregoing any debt securities convertible into Capital Stock, whether or not such debt securities include any right of participation with Capital
Stock. 
 “Change of Control” means the occurrence of any of the following: 

(1)     the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger
or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Issuer and its Subsidiaries, taken as a whole, to any “person” (as that term is used in Section 13(d)(3) of
the Exchange Act); 

  
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 (2)    the approval by the holders of the Voting Stock of the
Issuer of a plan relating to the liquidation or dissolution of the Issuer or if no such approval is required, the adoption of a plan relating to the liquidation or dissolution of the Issuer by its Board of Directors; 

(3)    the consummation of any transaction (including, without limitation, any merger or consolidation) the
result of which is that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) becomes the Beneficial Owner, directly or indirectly, of more than 50% of the Voting Stock of the Issuer; 

(4)    the Issuer consolidates with, or merges with or into, any Person, or any Person consolidates with,
or merges with or into, the Issuer, in any such event pursuant to a transaction in which any of the outstanding Voting Stock of the Issuer or such other Person is converted into or exchanged for cash, securities or other property, other than any
such transaction where the Voting Stock of the Issuer outstanding immediately prior to such transaction is converted into or exchanged for Voting Stock (other than Disqualified Stock) of the surviving or transferee Person constituting a 45% or more
of the outstanding shares of such Voting Stock of such surviving or transferee Person (immediately after giving effect to such issuance); or 

(5)    the first day on which a majority of the members of the Board of Directors of the Issuer are not
Continuing Directors. 
 “Comparable Treasury Issue” means the United States Treasury security selected by an Independent
Investment Banker as having an actual or interpolated maturity comparable to the remaining term of the notes that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate
debt securities of comparable maturity to the remaining term of such notes (“Remaining Life”). 
 “Comparable
Treasury Price” means, for any redemption date, (1) the average of four Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the
Independent Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations the average of all such quotations. 

“Continuing Directors” means, as of any date of determination, any member of the Board of Directors of the Issuer who: 

(1)    was a member of such Board of Directors on the Issue Date; or 

(2)    was nominated for election or elected to such Board of Directors with the approval of a majority of
the Continuing Directors who were members of such Board at the time of such nomination or election. 
 “Corporate Trust
Office” for administration of this Indenture means the corporate trust office of the Trustee located at One Federal Street, 3rd Floor Boston, MA 02110, Attention: Corporate Trust
Services, or such other office, designated by the Trustee by written notice to the Issuer, at which at any particular time its corporate trust business shall be administered. 

“Credit Agreement” means the Amended and Restated Credit Agreement, dated as of January 6, 2012, by and among the
Issuer, Bank of America, N.A., as administrative agent, and certain lenders and other parties thereto, as amended by the First Amendment to Amended and Restated Credit Agreement, dated as of March 22, 2013, as further amended by the Second
Amendment to Amended and Restated Credit Agreement, dated as of July 22, 2015 and by the Third Amendment and Incremental Term Loan 

  
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Agreement to the Amended and Restated Credit Agreement, dated as of October 6, 2015, and any related notes, guarantees, collateral documents, instruments and agreements executed in
connection therewith, and in each case as further amended (and/or amended and restated), modified, renewed, refunded, replaced or refinanced from time to time, in whole or in part, with the same or different lenders (including, without limitation,
any amendment, amendment and restatement, modification, renewal, refunding, replacement or refinancing that increases the maximum amount of the loans made or to be made thereunder). 

“Credit Facilities” means, one or more credit or debt facilities (including, without limitation, the Credit Agreement),
financings, commercial paper facilities, note purchase agreements or other debt instruments, indentures or agreements providing for revolving credit loans, term loans, notes, securities, receivables financing (including through the sale of
receivables to such lenders or to special purpose entities formed to borrow from such lenders against such receivables), letters of credit or issuances of debt securities or other Obligations, in each case, as amended (and/or amended and restated),
restated, modified, renewed, refunded, replaced (whether upon or after termination or otherwise) or refinanced in whole or in part from time to time. 

“Default” means any event that is, or with the passage of time or the giving of notice or both would be, an Event of Default.

 “Depository” means The Depository Trust Company, New York, New York, or a successor thereto registered under the
Exchange Act or other applicable statute or regulation. 
 “Disqualified Stock” means any Capital Stock that, by its terms
(or by the terms of any security into which it is convertible, or for which it is exchangeable, in each case at the option of the holder of the Capital Stock), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a
sinking fund obligation or otherwise, or redeemable at the option of the holder of the Capital Stock, in whole or in part, on or prior to the date that is 91 days after the date on which the Notes mature. Notwithstanding the preceding sentence, any
Capital Stock that would constitute Disqualified Stock solely because the holders of the Capital Stock have the right to require the Issuer to repurchase such Capital Stock upon the occurrence of a change of control or an asset sale will not
constitute Disqualified Stock if the terms of such Capital Stock provide that the Issuer may not repurchase or redeem any such Capital Stock pursuant to such provisions. 

“Equity Interests” means Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any
debt security that is convertible into, or exchangeable for, Capital Stock). 
 “Exchange Act” means the Securities
Exchange Act of 1934, as amended, or any successor statute or statutes thereto. 
 “GAAP” means generally accepted
accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such
other statements by such other entity as have been approved by a significant segment of the accounting profession as amended and/or modified from time to time. 

“Government Securities” means securities issued or directly and fully guaranteed or insured by the United States government
or any agency or instrumentality of the United States government (provided that the full faith and credit of the United States is pledged in support of those securities). 

  
 -5- 

 “Guarantee” means a guarantee other than by endorsement of negotiable
instruments for collection or deposit in the ordinary course of business, direct or indirect, in any manner including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement agreements in respect thereof, of
all or any part of any Indebtedness, but not any Indebtedness of the Issuer under the Forward Delivery Deficits Agreement, dated as of September 25, 1997, by and between Issuer and Wachovia Bank, National Association (formerly known as First
Union National Bank), as trustee, as in effect on the Issue Date, provided that and for so long as such Indebtedness is not required to be classified as debt of the Issuer or any Subsidiary pursuant to GAAP. 

“Guarantor” means each of: 

(1)    the guarantors listed on the signature pages hereto; and 

(2)    any other Subsidiary that executes a Subsidiary Guarantee in accordance with the provisions of this
Indenture; 
 and their respective successors and assigns. 

“Hedging Obligations” means, with respect to any specified Person, the obligations of such Person under: 

(1)    interest rate swap agreements, interest rate cap agreements and interest rate collar agreements; and

 (2)    other agreements or arrangements designed to protect such Person against fluctuations in
interest rates. 
 “Holder” means any Person in whose name a Note is registered. 

“Indebtedness” means, with respect to any specified Person, any indebtedness of such Person (excluding accrued expenses and
trade payables), whether or not contingent: 
 (1)    in respect of borrowed money; 

(2)    evidenced by bonds, notes, debentures or similar instruments or letters of credit (or reimbursement
agreements in respect thereof); 
 (3)    in respect of banker’s acceptances; 

(4)    representing Capital Lease Obligations; 

(5)    representing the balance deferred and unpaid of the purchase price of any property due more than six
months after such property is acquired; or 
 (6)    representing any Hedging Obligations, 

if and to the extent any of the preceding items (other than letters of credit and Hedging Obligations) would appear as a liability upon a balance sheet of the
specified Person prepared in accordance with GAAP. In addition, the term “Indebtedness” includes all Indebtedness of others secured by a Lien on any asset of the specified Person (whether or not such Indebtedness is assumed by the
specified Person) and, to the extent not otherwise included, the Guarantee by the specified Person of any indebtedness of any other Person. 

  
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 The amount of any Indebtedness outstanding as of any date will be: 

(1)    the accreted value of the Indebtedness, in the case of any Indebtedness issued with original issue
discount; 
 (2)    the principal amount of the Indebtedness, together with any interest on the
Indebtedness that is more than 30 days past due, in the case of any other Indebtedness; and 

(3)    with respect to Hedging Obligations, the amount of Indebtedness required to be recorded as a
liability in accordance with GAAP. 
 “Indenture” means this Indenture, as amended or supplemented from time to time in
accordance with the terms hereof. 
 “Independent Investment Banker” means one of the Reference Treasury Dealers appointed
by Issuer. 
 “Interest Payment Date” means the applicable Interest Payment Date specified in the Notes. 

“Issue Date” means the date of this Indenture. 

“Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in
respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a
security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction. 

“Notes” means, collectively, the Issuer’s 4.75% Senior Notes due 2027 issued in accordance with Section 2.02
(whether issued on the Issue Date, issued as Additional Notes, or otherwise issued after the Issue Date) treated as a single class of securities under this Indenture. 

“Obligations” means any principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities
payable under the documentation governing any Indebtedness. 
 “Officer” means, with respect to any Person, the Chairman of
the Board, the Chief Executive Officer, the President, the Chief Operating Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary, any Assistant Secretary or any Vice-President of such Person.

 “Officer’s Certificate” means a certificate signed on behalf of the Issuer by two Officers of the Issuer, one of
whom must be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of the Issuer, that meets the requirements of Section 12.05 hereof. 

“Opinion of Counsel” means an opinion from legal counsel who is reasonably acceptable to the Trustee, that meets the
requirements of Section 12.05 hereof. The counsel may be an employee of or counsel to the Issuer, any Subsidiary of the Issuer or the Trustee. 

  
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 “Permitted Liens” means: 

(1)    Liens on real or personal property of the Issuer and any Guarantor securing Indebtedness and other
Obligations under Credit Facilities in an aggregate amount not to exceed (x) $1,000,000,000 plus (y) 2.5% of Adjusted Total Assets at any one time outstanding; 

(2)    Liens in favor of the Issuer or the Guarantors; 

(3)    Liens on property of a Person existing at the time such Person is merged with or into or
consolidated with the Issuer or any Subsidiary of the Issuer or becomes a direct or indirect Subsidiary of the Issuer; provided that such Liens were in existence prior to the contemplation of such merger, consolidation or acquisition and do
not extend to any assets other than those of the Person merged into or consolidated with the Issuer or the Subsidiary; 

(4)    Liens on property existing at the time of acquisition of the property by the Issuer or any
Subsidiary of the Issuer, provided that such Liens were in existence prior to the contemplation of such acquisition; 

(5)    Liens to secure the performance of statutory obligations, surety or appeal bonds, performance bonds
or other obligations of a like nature incurred in the ordinary course of business; 
 (6)    Liens to
secure Indebtedness represented by Capital Lease Obligations, mortgage financings or purchase money obligations, in each case, incurred within 270 days of the related purchase, construction or improvement for the purpose of financing all or any part
of the cost of purchase, construction or improvement of property, plant or equipment used in the business of the Issuer or such Subsidiary, including all Indebtedness incurred to refund, refinance or replace any Indebtedness incurred pursuant to
this clause (6); 
 (7)    Liens existing on the Issue Date; 

(8)    Liens for taxes, assessments or governmental charges or claims that are not yet delinquent or that
are being contested in good faith by appropriate proceedings promptly instituted and diligently concluded, provided that any reserve or other appropriate provision as is required in conformity with GAAP has been made therefor; 

(9)    Attachment or judgment Liens not giving rise to a Default or an Event of Default; 

(10)    Liens with respect to Obligations that do not exceed 7.5% of Adjusted Total Assets at any one time
outstanding; 
 (11)    pledges or deposits under workmen’s compensation laws, unemployment
insurance laws or similar legislation, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which the Issuer or any Subsidiary is a party, or deposits to secure public or
statutory obligations of the Issuer or any Subsidiary or deposits or cash or Government Securities to secure surety or appeal bonds to which the Issuer or any Subsidiary is a party, or deposits as security for contested taxes or import or customs
duties or for the payment of rent, in each case incurred in the ordinary course of business; 

(12)    Liens imposed by law, including carriers’, warehousemen’s and mechanics’ Liens, in
each case for sums not yet due or being contested in good faith by appropriate proceedings if a reserve or other appropriate provisions, if any, as shall be required by GAAP shall have been made in respect thereof; 

  
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 (13)    encumbrances, easements or reservations of, or rights
of others for, licenses, rights of way, sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning or other restrictions as to the use of real properties or liens incidental to the conduct of the business of the
Issuer or a Subsidiary or to the ownership of its properties which do not in the aggregate materially adversely affect the value of said properties or materially impair their use in the operation of the business of the Issuer or such Subsidiary;

 (14)    Liens securing Hedging Obligations; 

(15)    leases and subleases of real property which do not materially interfere with the ordinary conduct
of the business of the Issuer or any of its Subsidiaries; 
 (16)    normal customary rights of setoff
upon deposits of cash in favor of banks or other depository institutions; and 
 (17)    mortgages or
other Liens securing Indebtedness or other Obligations issued by or owed to the United States, any State thereof or any municipality, or any department, agency or instrumentality or political subdivision of any of the foregoing, or by any other
country or any political subdivision thereof for the purpose of financing all or any part of the purchase price of, or, in the case of real property, the cost of construction of, relocation of, maintenance of, or improvement of, any property or
assets subject to such mortgage or other lien or within the jurisdiction of such entity, or otherwise in connection with any geographic incentivization arrangements, including tax reduction or other economic subsidization arrangements pertaining to
local employment. 
 “Person” means any individual, corporation, partnership, joint venture, association, joint-stock
company, trust, unincorporated organization, limited liability company or government or other entity. 
 “principal” means,
with respect to the Notes, the principal of and premium, if any, on the Notes. 
 “Principal Property” means (i) any
Real Estate Assets with a net book value in excess of 1.0% of the Issuer’s Adjusted Total Assets or (ii) any Capital Stock of a Subsidiary that owns Real Estate Assets described in clause (i) of this definition. 

“Prospectus Supplement” means the Prospectus Supplement dated October 11, 2017, related to the issuance and sale of the
Notes. 
 “Real Estate Assets” of a Person means, as of any date, the real estate assets of such Person and its
Subsidiaries on such date, on a consolidated basis determined in accordance with GAAP. 
 “Record Date” means the
applicable Record Date specified in the Notes. 
 “Redemption Date” when used with respect to any Note to be redeemed,
means the date fixed for such redemption pursuant to this Indenture and the Notes. 
 “Redemption Price” when used with
respect to any Note to be redeemed, means the price fixed for such redemption, payable in immediately available funds, pursuant to this Indenture and the Notes. 

  
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 “Reference Treasury Dealer” means any of the primary U.S. Government securities
dealers in New York City. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer
and any redemption date (or, in the case of a satisfaction and discharge at the time a redemption notice is delivered, two Business Days prior to the deposit of funds with the Trustee in accordance with the terms of this Indenture for such
satisfaction and discharge), the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the
Independent Investment Banker at 5:00 p.m., New York City time, on the third Business Day preceding such redemption date. 

“Responsible Officer,” when used with respect to the Trustee, means any officer within the Corporate Trust Office of the
Trustee (or any successor group of the Trustee) with direct responsibility for the administration of this Indenture and, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his knowledge
of and familiarity with the particular subject. 
 “SEC” means the U.S. Securities and Exchange Commission. 

“Securities Act” means the U.S. Securities Act of 1933, as amended, or any successor statute or statutes thereto. 

“Significant Subsidiary” means any Subsidiary that would be a “significant subsidiary” as defined in Article 1,
Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such Regulation is in effect on the Issue Date. 

“Stated Maturity” means: 

(1)    with respect to any debt security, the date specified in such debt security as the fixed date on
which the final installment of principal of such debt security is due and payable; and 
 (2)    with
respect to any scheduled installment of principal of or interest on any debt security, the date specified in such debt security as the fixed date on which such installment is due and payable, 

provided, that Stated Maturity shall not include any contingent obligations to repay, redeem or repurchase any such interest or principal prior to the
date originally scheduled for the payment thereof. 
 “Subsidiary” means, with respect to any specified Person: 

(1)    any corporation, association or other business entity of which more than 50% of the total voting
power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees of the corporation, association or other business entity is at the time owned or controlled,
directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person (or a combination thereof); and 

(2)    any partnership (a) the sole general partner or the managing general partner of which is such
Person or a Subsidiary of such Person or (b) the only general partners of which are that Person or one or more Subsidiaries of that Person (or any combination thereof). 

  
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 “Subsidiary Guarantee” means, individually, any Guarantee of payment of the
Notes by a Guarantor pursuant to the terms of this Indenture, and, collectively, all such Guarantees. Each such Subsidiary Guarantee with respect to the Notes will be in the form prescribed by this Indenture. 

“Total Assets” means, as of any date, the sum of (a) Undepreciated Real Estate Assets plus (b) the book value of
all assets (excluding Real Estate Assets and intangibles). 
 “Trust Indenture Act” means the Trust Indenture Act of 1939,
as amended. 
 “Trustee” means the party named as such in the Preamble of this Indenture until a successor replaces it in
accordance with the provisions of this Indenture and thereafter means such successor. 
 “Undepreciated Real Estate Assets”
means, as of any date, the cost (being the original cost to the Issuer or its Subsidiaries plus capital improvements) of Real Estate Assets of the Issuer and its Subsidiaries on such date, before depreciation and amortization of such Real Estate
Assets, determined on a consolidated basis in accordance with GAAP. 
 “U.S. Government Obligations” means direct
obligations of, obligations guaranteed by, or participations in pools consisting solely of obligations of or obligations guaranteed by, the United States of America for the payment of which obligations or guarantee the full faith and credit of the
United States of America is pledged and that are not callable or redeemable at the option of the issuer thereof. 
 “U.S. Legal
Tender” means such coin or currency of the United States of America that at the time of payment shall be legal tender for the payment of public and private debts. 

“U.S.A. Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism Act of 2001, Pub. L. 107-56, as amended and signed into law October 26, 2001. 

“Voting Stock” of any Person as of any date means the Capital Stock of such Person that is at the time entitled to vote in
the election of the Board of Directors of such Person. 
 SECTION 1.02.    Other Definitions. 

 

			
	 Term
	  	Defined in Section
	 “Additional Notes”
	  	2.02
	 “Authentication Order”
	  	2.02
	 “Change of Control Offer”
	  	4.07(a)
	 “Change of Control Payment”
	  	4.07(a)
	 “Change of Control Payment Date”
	  	4.07(a)
	 “Covenant Defeasance”
	  	8.03
	 “Event of Default”
	  	6.01
	 “Global Notes”
	  	2.01
	 “Initial Global Notes”
	  	2.01
	 “Initial Notes”
	  	2.02
	 “Issuer”
	  	Preamble
	 “Legal Defeasance”
	  	8.02
	 “Participants”
	  	2.15(a)
	 “Paying Agent”
	  	2.03
	 “Physical Notes”
	  	2.01
	 “Registrar”
	  	2.03

  
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 SECTION 1.03.    Incorporation by Reference of Trust Indenture Act.
Whenever this Indenture refers to a provision of the Trust Indenture Act, such provision is incorporated by reference in, and made a part of, this Indenture. The following Trust Indenture Act terms used in this Indenture have the following meanings:

 “indenture securities” means the Notes. 

“obligor” on the indenture securities means the Issuer, any Guarantor or any other obligor on the Notes. 

All other Trust Indenture Act terms used in this Indenture that are defined by the Trust Indenture Act, defined by Trust Indenture Act
reference to another statute or defined by SEC rule and not otherwise defined herein have the meanings assigned to them therein. 
 SECTION
1.04.    Rules of Construction. Unless the context otherwise requires: 

(1)    a term has the meaning assigned to it; 

(2)    an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP;

 (3)    “or” is not exclusive; 

(4)    words in the singular include the plural, and words in the plural include the singular; 

(5)    “herein,” “hereof” and other words of similar import refer to this Indenture as
a whole and not to any particular Article, Section or other subdivision; 
 (6)    the words
“including,” “includes” and similar words shall be deemed to be followed by “without limitation”; 

(7)    the principal amount of any noninterest bearing or other discount security at any date shall be the
principal amount thereof that would be shown on a balance sheet of the issuer dated such date prepared in accordance with GAAP; and 

(8)    all references to the date the Notes were originally issued shall refer to the Issue Date, except as
otherwise specified. 
 ARTICLE TWO 

THE NOTES 
 SECTION
2.01.    Form and Dating. The Notes and the Trustee’s certificate of authentication shall be substantially in the form of Exhibit A hereto. The Notes may have notations, legends or endorsements required by law,
stock exchange rule or usage. The Issuer shall approve the form of the Notes and any notation, legend or endorsement on them. Each Note shall be dated the date of its issuance and show the date of its authentication. Each Note shall have an executed
Subsidiary Guarantee from each of the Guarantors existing on the Issue Date endorsed thereon substantially in the form of Exhibit B. 

  
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 The terms and provisions contained in the Notes and the Subsidiary Guarantees shall constitute,
and are hereby expressly made, a part of this Indenture and, to the extent applicable, the Issuer, the Guarantors and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound
thereby. 
 Notes issued after the Issue Date shall be issued initially in the form of one or more global Notes in registered form,
substantially in the form set forth in Exhibit A, deposited with the Trustee, as custodian for the Depository, duly executed by the Issuer (and having an executed Subsidiary Guarantee from each of the Guarantors endorsed thereon) and
authenticated by the Trustee as hereinafter provided and shall bear any legends required by applicable law (together with the Initial Global Notes, the “Global Notes”) or as Physical Notes. 

The aggregate principal amount of the Global Notes may from time to time be increased or decreased by adjustments made on the records of the
Trustee, as custodian for the Depository, as hereinafter provided. Notes issued in exchange for interests in a Global Note pursuant to Section 2.16 may be issued in the form of permanent certificated Notes in registered form in substantially
the form set forth in Exhibit A and bearing the applicable legends, if any (the “Physical Notes”). 
 Additional
Notes ranking pari passu with the Initial Notes (as defined in Section 2.02) may be created and issued from time to time by the Issuer without notice to or consent of the Holders and shall be consolidated with and form a single
class with the Initial Notes and shall have the same terms as to status, redemption or otherwise (other than with respect to the purchase price thereof and the date from which the interest accrues) as the Initial Notes. The Initial Notes and any
Additional Notes subsequently issued under this Indenture will be treated as a single class for all purposes under this Indenture, including waivers, amendments, redemptions and offers to purchase, and shall vote together as one class on all matters
with respect to the Notes; provided further that if the Additional Notes are not fungible with the Notes for U.S. Federal income tax purposes the Additional Notes will have a separate CUSIP number, if applicable. Unless the context requires
otherwise, references to “Notes” for all purposes of this Indenture include any Additional Notes that are actually issued. 

SECTION 2.02.    Execution, Authentication and Denomination; Additional Notes. One Officer of the Issuer (who shall
have been duly authorized by all requisite corporate actions) shall sign the Notes for the Issuer by manual, facsimile, .pdf attachment or other electronically transmitted signature. One Officer of each Guarantor (who shall have been duly authorized
by all requisite corporate actions) shall sign the Subsidiary Guarantee for such Guarantor by manual, facsimile, .pdf attachment or other electronically transmitted signature. 

If an Officer whose signature is on a Note or Subsidiary Guarantee, as the case may be, was an Officer at the time of such execution but no
longer holds that office at the time the Trustee authenticates the Note, the Note shall nevertheless be valid. 
 A Note (and the Subsidiary
Guarantees in respect thereof) shall not be valid until an authorized signatory of the Trustee manually signs the certificate of authentication on the Note. The signature shall be conclusive evidence that the Note has been authenticated under this
Indenture. 
 The Trustee shall authenticate (i) on the Issue Date, Notes for original issue in the aggregate principal amount of
$250.0 million (the “Initial Notes”), and (ii) additional Notes (the “Additional Notes”) in an unlimited amount, in each case upon a written order of the Issuer in the form of a certificate of an Officer
of the Issuer (an “Authentication Order”). Each such Authentication Order shall specify the amount of Notes to be authenticated and the date on which the Notes are to be authenticated, whether the Notes are to be Initial Notes or
Additional Notes and whether the Notes are to be issued as certificated Notes or 

  
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Global Notes or such other information as the Trustee may reasonably request. In addition, with respect to authentication pursuant to clause (ii) or (iii) of the first sentence of this
paragraph, the first such Authentication Order from the Issuer shall be accompanied by an Opinion of Counsel of the Issuer in a form reasonably satisfactory to the Trustee. 

The Additional Notes shall bear any legend required by applicable law. 

The Trustee may appoint an authenticating agent reasonably acceptable to the Issuer to authenticate Notes. Unless otherwise provided in the
appointment, an authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an
Agent to deal with the Issuer and Affiliates of the Issuer. 
 The Notes shall be issuable only in registered form without coupons in
denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 SECTION 2.03.    Registrar and Paying
Agent. The Issuer shall maintain or cause to be maintained an office or agency in the United States of America where (a) Notes may be presented or surrendered for registration of transfer or for exchange (“Registrar”), (b)
Notes may, subject to Section 2 of the Notes, be presented or surrendered for payment (“Paying Agent”). The Issuer may also from time to time designate one or more other offices or agencies where the Notes may be presented or
surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Issuer of their obligation to maintain or cause to
be maintained an office or agency in the United States of America, for such purposes. The Issuer may act as Registrar or Paying Agent, except that for the purposes of Articles Three and Eight and Section 4.07 neither the Issuer nor any
Affiliate of the Issuer shall act as Paying Agent. The Registrar, as an agent of the Issuer, shall keep a register, including ownership, of the Notes and of their transfer and exchange. The Issuer, upon notice to the Trustee, may have one or more co-registrars and one or more additional paying agents reasonably acceptable to the Trustee. The term “Registrar” includes any co-registrar and the term “Paying
Agent” includes any additional paying agent. The Issuer initially appoints the Trustee as Registrar and Paying Agent until such time as the Trustee has resigned or a successor has been appointed. 

The Issuer shall enter into an appropriate agency agreement with any Agent not a party to this Indenture, which agreement shall implement the
provisions of this Indenture that relate to such Agent. The Issuer shall notify the Trustee, in advance, of the name and address of any such Agent. If the Issuer fails to maintain a Registrar or Paying Agent, the Trustee shall act as such. 

SECTION 2.04.    Paying Agent To Hold Assets in Trust. The Issuer shall require each Paying Agent other than the
Trustee or the Issuer or any Subsidiary of the Issuer to agree in writing that each Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, or interest on, the
Notes (whether such assets have been distributed to it by the Issuer or any other obligor on the Notes), and shall notify the Trustee of any Default by the Issuer (or any other obligor on the Notes) in making any such payment. The Issuer at any time
may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such
Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by the Issuer to the Paying Agent, the Paying Agent shall have
no further liability for such assets. 

  
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 SECTION 2.05.    Holder Lists. The Trustee shall preserve in as
current a form as is reasonably practicable the most recent list available to it of the names and addresses of Holders. If the Trustee is not the Registrar, the Issuer shall furnish to the Trustee at least two Business Days prior to each Interest
Payment Date and at such other times as the Trustee may request in writing a list, in such form and as of such date as the Trustee may reasonably require, of the names and addresses of Holders, which list may be conclusively relied upon by the
Trustee. 
 SECTION 2.06.    Transfer and Exchange. Subject to Sections 2.15 and 2.16, when Notes are presented
to the Registrar with a request to register the transfer of such Notes or to exchange such Notes for an equal principal amount of Notes of other authorized denominations, the Registrar shall register the transfer or make the exchange as requested if
its requirements for such transaction are met; provided, however, that the Notes surrendered for transfer or exchange shall be duly endorsed or accompanied by a written instrument of transfer in form satisfactory to the Issuer and the
Registrar, duly executed by the Holder thereof or his or her attorney duly authorized in writing. To permit registrations of transfers and exchanges, the Issuer shall execute and the Trustee shall authenticate Notes at the Registrar’s request.
No service charge shall be made for any registration of transfer or exchange, but the Issuer may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith. 

Without the prior written consent of the Issuer, the Registrar shall not be required to register the transfer of or exchange of any Note
(i) during a period beginning at the opening of business 15 days before the mailing of a notice of redemption of Notes and ending at the close of business on the day of such mailing, (ii) selected for redemption in whole or in part
pursuant to Article Three, except the unredeemed portion of any Note being redeemed in part and (iii) beginning at the opening of business on any Record Date and ending on the close of business on the related Interest Payment Date. 

Any Holder of a beneficial interest in a Global Note shall, by acceptance of such beneficial interest, agree that transfers of beneficial
interests in such Global Notes may be effected only through a book-entry system maintained by the Holder of such Global Note (or its agent) in accordance with the applicable legends thereon, and that ownership of a beneficial interest in the Note
shall be required to be reflected in a book-entry system. 
 SECTION 2.07.    Replacement Notes. If a mutilated
Note is surrendered to the Trustee or if the Holder of a Note claims that the Note has been lost, destroyed or wrongfully taken, the Issuer shall issue and the Trustee shall authenticate, upon receipt of an Authentication Order, a replacement Note
if the Trustee’s and Issuer’s requirements are met. Such Holder shall provide an indemnity bond or other indemnity, sufficient in the judgment of both the Issuer and the Trustee, to protect the Issuer, the Trustee or any Agent from any
loss that any of them may suffer if a Note is replaced. The Issuer may charge such Holder for its out-of-pocket expenses in replacing a Note pursuant to this
Section 2.07, including fees and expenses of counsel and of the Trustee. 
 Every replacement Note is an additional obligation of the
Issuer and every replacement Subsidiary Guarantee shall constitute an additional obligation of the Guarantor thereof. 
 The provisions of
this Section 2.07 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of lost, destroyed or wrongfully taken Notes. 

SECTION 2.08.    Outstanding Notes. Notes outstanding at any time are all the Notes that have been authenticated by
the Trustee except those cancelled by it, those delivered to it for cancellation and those described in this Section 2.08 as not outstanding. A Note does not cease to be outstanding because the Issuer, the Guarantors or any of their respective
Affiliates hold the Note (subject to the provisions of Section 2.09). 

  
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 If a Note is replaced pursuant to Section 2.07 (other than a mutilated Note surrendered for
replacement), it ceases to be outstanding unless a Responsible Officer of the Trustee receives proof satisfactory to it that the replaced Note is held by a bona fide purchaser. A mutilated Note ceases to be outstanding upon surrender of such Note
and replacement thereof pursuant to Section 2.07. 
 If the principal amount of any Note is considered paid under Section 4.01, it
ceases to be outstanding and interest ceases to accrue. If on a Redemption Date or the Stated Maturity the Trustee or Paying Agent (other than the Issuer or an Affiliate thereof) holds U.S. Legal Tender or U.S. Government Obligations sufficient to
pay all of the principal and interest due on the Notes payable on that date, then on and after that date such Notes cease to be outstanding and interest on them ceases to accrue. 

SECTION 2.09.    Treasury Notes. In determining whether the Holders of the required principal amount of Notes have
concurred in any direction, waiver or consent, Notes owned by the Issuer or any of their Affiliates shall be disregarded as required by the Trust Indenture Act, except that, for the purposes of determining whether the Trustee shall be protected in
relying on any such direction, waiver or consent, only Notes that a Responsible Officer of the Trustee, actually knows are so owned shall be disregarded. Notes so owned which have been pledged in good faith shall not be disregarded if the pledgee
establishes to the satisfaction of the Trustee the pledgee’s right to deliver any such direction, waiver or consent with respect to the Notes and that the pledgee is not the Issuer or any obligor upon the Notes or any Affiliate of the Issuer or
of such other obligor. 
 SECTION 2.10.    Temporary Notes. Until definitive Notes are ready for delivery, the
Issuer may prepare and the Trustee shall authenticate temporary Notes. Temporary Notes shall be substantially in the form of definitive Notes but may have variations that the Issuer considers appropriate for temporary Notes. Without unreasonable
delay, the Issuer shall prepare and the Trustee shall authenticate definitive Notes in exchange for temporary Notes. Until such exchange, temporary Notes shall be entitled to the same rights, benefits and privileges as definitive Notes.
Notwithstanding the foregoing, so long as the Notes are represented by a Global Note, such Global Note may be in typewritten form. 

SECTION 2.11.    Cancellation. The Issuer at any time may deliver Notes to the Trustee for cancellation. The
Registrar and the Paying Agent shall forward to the Trustee any Notes surrendered to them for transfer, exchange or payment. The Trustee, or at the direction of the Trustee, the Registrar or the Paying Agent (other than the Issuer or a Subsidiary of
the Issuer), and no one else, shall cancel and, at the written direction of the Issuer, shall dispose of all Notes surrendered for transfer, exchange, payment or cancellation in accordance with its customary procedures. Subject to Section 2.07,
the Issuer may not issue new Notes to replace Notes that they have paid or delivered to the Trustee for cancellation. If the Issuer or any Guarantor shall acquire any of the Notes, such acquisition shall not operate as a redemption or satisfaction
of the Indebtedness represented by such Notes unless and until the same are surrendered to the Trustee for cancellation pursuant to this Section 2.11. 

SECTION 2.12.    Defaulted Interest. If the Issuer defaults in a payment of interest on the Notes, it shall pay the
defaulted interest, plus (to the extent lawful) any interest payable on the defaulted interest, in any lawful manner. The Issuer may pay the defaulted interest to the persons who are Holders on a subsequent special record date, which date shall be
the 15th day next preceding the date fixed by the Issuer for the payment of defaulted interest or the next succeeding Business Day if such date is not a Business Day. At least 15 days before any such subsequent special record date, the Issuer shall
mail to each Holder, with a copy to the Trustee, a notice that states the subsequent special record date, the payment date and the amount of defaulted interest, and interest payable on such defaulted interest, if any, to be paid. 

  
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 SECTION 2.13.    CUSIP and ISIN Numbers. The Issuer in issuing the
Notes may use “CUSIP” or “ISIN” numbers, and if so, the Trustee shall use the “CUSIP” or “ISIN” numbers in notices of redemption or exchange as a convenience to Holders; provided, however, that
any such notice may state that no representation is made as to the correctness or accuracy of the “CUSIP” or “ISIN” numbers printed in the notice or on the Notes, and that reliance may be placed only on the other identification
numbers printed on the Notes. The Issuer shall promptly notify the Trustee of any change in the “CUSIP” or “ISIN” numbers. 

SECTION 2.14.    [Reserved]. 

SECTION 2.15.    Book-Entry Provisions for Global Notes. 

(a)    The Global Notes initially shall (i) be registered in the name of the Depository or the nominee of such
Depository, (ii) be delivered to the Trustee as custodian for such Depository and (iii) bear the following legend: 
 “THIS
NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE OF A DEPOSITORY OR A SUCCESSOR DEPOSITORY. THIS NOTE IS NOT EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF
A PERSON OTHER THAN THE DEPOSITORY OR ITS NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A
NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY) MAY BE REGISTERED EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS IN
WHOLE, BUT NOT IN PART, TO NOMINEES OF CEDE & CO. OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
SECTION 2.16 OF THE INDENTURE.” 
 Members of, or participants in, the Depository (“Participants”) shall have no
rights under this Indenture with respect to any Global Note held on their behalf by the Depository, or the Trustee as its custodian, or under the Global Note, and the Depository may be treated by the Issuer, the Trustee and any agent of the Issuer
or the Trustee as the absolute owner of the Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuer, the Trustee or any agent of the Issuer or the Trustee from giving effect to any written
certification, proxy or other authorization furnished by the Depository or impair, as between the Depository and Participants, the operation of customary practices governing the exercise of the rights of a Holder of any Note. 

  
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 (b)    Transfers of Global Notes shall be limited to transfers in whole, but
not in part, to the Depository, its successors or their respective nominees. Interests of beneficial owners in the Global Notes may be transferred or exchanged for Physical Notes in accordance with the rules and procedures of the Depository and the
provisions of Section 2.16. In addition, Physical Notes shall be transferred to all beneficial owners in exchange for their beneficial interests in Global Notes if (i) the Depository notifies the Issuer that it is unwilling or unable to
act as Depository for any Global Note or it ceases to be a clearing agency registered under the Exchange Act, the Issuer so notifies the Trustee in writing and a successor Depository is not appointed by the Issuer within 120 days of such notice or
(ii) an Event of Default has occurred and is continuing and the Registrar has received a written request from any owner of a beneficial interest in a Global Note to issue Physical Notes. Upon any issuance of a Physical Note in accordance with
this Section 2.15(b) the Trustee is required to register such Physical Note in the name of, and cause the same to be delivered to, such person or persons (or the nominee of any thereof). All such Physical Notes shall bear the applicable
legends, if any. 
 (c)    In connection with any transfer or exchange of a portion of the beneficial interest in a
Global Note to beneficial owners pursuant to paragraph (b) of this Section 2.15, the Registrar shall (if one or more Physical Notes are to be issued) reflect on its books and records the date and a decrease in the principal amount of such
Global Note in an amount equal to the principal amount of the beneficial interest in the Global Note to be transferred, and the Issuer shall execute, and the Trustee shall authenticate and deliver, one or more Physical Notes of authorized
denominations in an aggregate principal amount equal to the principal amount of the beneficial interest in the Global Note so transferred. 

(d)    In connection with the transfer of a Global Note as an entirety to beneficial owners pursuant to paragraph
(b) of this Section 2.15, such Global Note shall be deemed to be surrendered to the Trustee for cancellation, and (i) the Issuer shall execute, (ii) the Guarantors shall execute notations of Subsidiary Guarantees on and
(iii) the Trustee shall upon written instructions from the Issuer authenticate and deliver, to each beneficial owner identified by the Depository in exchange for its beneficial interest in such Global Note, an equal aggregate principal amount
of Physical Notes of authorized denominations. 
 (e)    The Holder of any Global Note may grant proxies and otherwise
authorize any Person, including Participants and Persons that may hold interests through Participants, to take any action which a Holder is entitled to take under this Indenture or the Notes. 

SECTION 2.16.    Special Transfer and Exchange Provisions. 

(a)    Restrictions on Transfer and Exchange of Global Notes. Notwithstanding any other provisions of this
Indenture, a Global Note may not be transferred as a whole except by the Depository to a nominee of the Depository or by a nominee of the Depository to the Depository or another nominee of the Depository or by the Depository or any such nominee to a
successor Depository or a nominee of such successor Depository. 
 The Registrar shall retain copies of all letters, notices and other
written communications received pursuant to Section 2.15 or Section 2.16. The Issuer shall have the right to inspect and make copies of all such letters, notices or other written communications at any reasonable time upon the giving of
reasonable written notice to the Registrar. 
 The Trustee shall have no obligation or duty to monitor, determine or inquire as to
compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Participants or beneficial owners of interests in
any Global Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine
substantial compliance as to form with the express requirements hereof. 

  
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 The Trustee shall have no responsibility for the actions or omissions of the Depository, or the
accuracy of the books and records of the Depository. 
 (b)    Cancellation and/or Adjustment of Global Note. At
such time as all beneficial interests in a particular Global Note have been exchanged for Physical Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global Note shall be returned to or
retained and canceled by the Trustee in accordance with Section 2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the
form of a beneficial interest in another Global Note or for Physical Notes, the principal amount of Notes represented by such Global Note shall be reduced accordingly and an endorsement shall be made on such Global Note by the Trustee or by the
Depository at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such
other Global Note shall be increased accordingly and an endorsement shall be made on such Global Note by the Trustee or by the Depository at the direction of the Trustee to reflect such increase. 

ARTICLE THREE 
 REDEMPTION 

SECTION 3.01.    Notices to Trustee. The Notes may be redeemed, in whole, or from time to time in part, subject to
the conditions and at the redemption prices set forth in Section 5 of the form of Note set forth in Exhibit A hereto, which is hereby incorporated by reference and made a part of this Indenture, together with accrued and unpaid interest
to the Redemption Date. If the Issuer elects to redeem Notes pursuant to Section 5 of the Notes, it shall notify the Trustee in writing of the Redemption Date, the Redemption Price and the principal amount of Notes to be redeemed. The Issuer
shall give notice of redemption to the Trustee at least 45 days before the Redemption Date (unless a shorter notice shall be agreed to by the Trustee), together with such documentation and records as shall enable the Trustee to select the Notes to
be redeemed. 
 SECTION 3.02.    Selection of Notes To Be Redeemed. If less than all of the Notes are to be
redeemed at any time pursuant to Section 5 of the Notes, the Trustee shall select Notes for redemption as follows: 

(x)    if such Notes are listed on a national securities exchange, in compliance with the requirements of
the principal national securities exchange on which the Notes are then listed; or 
 (y)    if the Notes
are not listed on any national securities exchange, on a pro rata basis, unless otherwise required by law. 
 No Notes of $2,000 or less
shall be redeemed in part. 
 SECTION 3.03.    Notice of Redemption. At least 30 days but not more than 60 days
before a Redemption Date, the Issuer shall mail a notice of redemption by first class mail, postage prepaid, or as otherwise provided in accordance with the procedures of the Depository, to each Holder whose Notes are to be redeemed at its
registered address, except that redemption notices may be mailed more than 60 days prior to a Redemption Date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of this Indenture pursuant to Article
Eight or Article Eleven hereof. At the Issuer’s request, the Trustee shall forward the notice of redemption in the Issuer’s name and at the Issuer’s expense. Each notice for redemption shall identify the Notes (including the CUSIP or
ISIN number) to be redeemed and shall state: 
 (1)    the Redemption Date; 

  
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 (2)    the Redemption Price and the amount of accrued
interest, if any, to be paid; 
 (3)    the name and address of the Paying Agent; 

(4)    that Notes called for redemption shall be surrendered to the Paying Agent to collect the Redemption
Price plus accrued interest, if any; 
 (5)    that, unless the Issuer defaults in making the redemption
payment, interest on Notes called for redemption ceases to accrue on and after the Redemption Date, and the only remaining right of the Holders of such Notes is to receive payment of the Redemption Price upon surrender to the Paying Agent of the
Notes redeemed; 
 (6)    if any Note is being redeemed in part, the portion of the principal amount of
such Note to be redeemed and that, after the Redemption Date, and upon surrender and cancellation of such Note, a new Note or Notes in aggregate principal amount equal to the unredeemed portion thereof will be issued; and 

(7)    if fewer than all the Notes are to be redeemed, the identification of the particular Notes (or
portion thereof) to be redeemed, as well as the aggregate principal amount of Notes to be redeemed and the aggregate principal amount of Notes to be outstanding after such partial redemption. 

The notice, if mailed in a manner herein provided, shall be conclusively presumed to have been given, whether or not the Holder receives such
notice. In any case, failure to give such notice by mail or any defect in the notice to the Holder of any Note designated for redemption in whole or in part shall not affect the validity of the proceedings for the redemption of any other Note.
Notices of redemption may not be conditional. 
 At the Issuer’s request, the Trustee shall give the notice of redemption in the name
of the Issuer and at its expense; provided that the Issuer shall have delivered to the Trustee, at least 45 days prior to the Redemption Date (unless a shorter notice shall be agreed to by the Trustee), an Officer’s Certificate
requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph. 

SECTION 3.04.    Effect of Notice of Redemption. Subject to Section 3.03, once notice of redemption is mailed
in accordance with Section 3.03, Notes called for redemption become due and payable on the Redemption Date and at the Redemption Price plus accrued interest, if any. Upon surrender to the Trustee or Paying Agent, such Notes called for
redemption shall be paid at the Redemption Price (which shall include accrued interest thereon to, but not including, the Redemption Date), but installments of interest, the maturity of which is on or prior to the Redemption Date, shall be payable
to Holders of record at the close of business on the relevant Record Dates. On and after the Redemption Date interest shall cease to accrue on Notes or portions thereof called for redemption and the only right of the Holders of such Notes will be to
receive payment of the Redemption Price unless the Issuer shall have not complied with its obligations pursuant to Section 3.05. 

  
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 SECTION 3.05.    Deposit of Redemption Price. On or before 12:00 noon
New York City time (or such later time as has been agreed to by the Paying Agent) on the Redemption Date, the Issuer shall deposit with the Paying Agent U.S. Legal Tender sufficient to pay the Redemption Price plus accrued and unpaid interest, if
any, of all Notes to be redeemed on that date. The Paying Agent shall promptly return to the Issuer any money deposited with the Paying Agent by the Issuer in excess of the amounts necessary to pay the Redemption Price of, and accrued and unpaid
interest on, all Notes to be redeemed or purchased. 
 If the Issuer complies with the preceding paragraph, then, unless the Issuer defaults
in the payment of such Redemption Price plus accrued interest, if any, interest on the Notes to be redeemed will cease to accrue on and after the applicable Redemption Date, whether or not such Notes are presented for payment. 

SECTION 3.06.    Notes Redeemed in Part. If any Note is to be redeemed in part only, the notice of redemption that
relates to such Note shall state the portion of the principal amount thereof to be redeemed. A new Note or Notes in principal amount equal to the unredeemed portion of the original Note or Notes shall be issued in the name of the Holder thereof upon
surrender and cancellation of the original Note or Notes. It is understood that, notwithstanding anything in this Indenture to the contrary, only an Authentication Order and not an Opinion of Counsel or Officer’s Certificate is required for the
Trustee to authenticate such new Note. 
 SECTION 3.07.    Mandatory Redemption. The Issuer will not be required
to make any mandatory redemption or sinking fund payments with respect to the Notes. 
 ARTICLE FOUR 

COVENANTS 
 SECTION
4.01.    Payment of Notes. The Issuer will pay or cause to be paid the principal of, premium, if any, and interest on, the Notes on the dates and in the manner provided in the Notes and this Indenture. Principal, premium,
if any, and interest will be considered paid on the date due if (i) the Paying Agent, if other than the Issuer or a Subsidiary thereof, holds as of 12:00 noon Eastern Time on the due date money deposited by or on behalf of the Issuer in
immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest then due or (ii) if the Issuer or a Subsidiary is acting as Paying Agent, the Issuer or such Subsidiary, prior to 12:00 noon New
York City time on the due date, segregates and holds in trust U.S. Legal Tender sufficient to make payments of principal, premium and interest due on such date. 

The Issuer will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal at the rate
equal to 1% per annum in excess of the then applicable interest rate on the Notes to the extent lawful; it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without
regard to any applicable grace period) at the same rate to the extent lawful. Notwithstanding anything to the contrary contained in this Indenture, the Issuer may, to the extent it is required to do so by law, deduct or withhold income or other
similar taxes imposed by the United States of America from principal or interest payments hereunder. 
 SECTION
4.02.    Maintenance of Office or Agency. The Issuer will maintain in the Borough of Manhattan, the City of New York, the office or agency required under Section 2.03 (which may be an office of the Trustee, being
U.S. Bank National Association, located at 100 Wall Street, Suite 1600, New York, New York 10005, or an affiliate of the Trustee, Registrar or co-registrar) where Notes may be surrendered for registration of
transfer or for exchange and where notices and demands to or upon the Issuer 

  
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in respect of the Notes and this Indenture may be served. The Issuer will give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If
at any time the Issuer fails to maintain any such required office or agency or fails to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the
Trustee. 
 The Issuer may also from time to time designate one or more other offices or agencies where the Notes may be presented or
surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission will in any manner relieve the Issuer of its obligation to maintain an office or
agency in the Borough of Manhattan, the City of New York for such purposes. The Issuer will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. 

The Issuer hereby designates the Corporate Trust Office of the Trustee as one such office or agency of the Issuer in accordance with
Section 2.03 hereof. 
 SECTION 4.03.    Corporate Existence. Subject to Article 5 hereof, the Issuer shall
do or cause to be done all things necessary to preserve and keep in full force and effect: 
 (a)    its corporate
existence, and the corporate, partnership or other existence of each of its Subsidiaries, in accordance with the respective organizational documents (as the same may be amended from time to time) of the Issuer or any such Subsidiary; and 

(b)    the rights (charter and statutory), licenses and franchises of the Issuer and its Subsidiaries; provided,
however, that the Issuer shall not be required to preserve any such right, license or franchise, or the corporate, partnership or other existence of any of its Subsidiaries, if the Board of Directors shall determine that the preservation
thereof is no longer desirable in the conduct of the business of the Issuer and its Subsidiaries, taken as a whole, and that the loss thereof is not adverse in any material respect to the Holders of the Notes. 

SECTION 4.04.    Compliance Certificate; Notice of Default. 

(a)    The Issuer and each Guarantor (to the extent that such Guarantor is so required under the Trust Indenture Act) shall
deliver to the Trustee, within 90 days after the end of each fiscal year commencing with the fiscal year ending December 31, 2017, an Officers’ Certificate stating that a review of the activities of the Issuer and its Subsidiaries during
the preceding fiscal year has been made under the supervision of the signing Officers with a view to determining whether the Issuer has kept, observed, performed and fulfilled its obligations under this Indenture and further stating, as to each such
Officer signing such certificate, that to his or her knowledge after due inquiry the Issuer has kept, observed, performed and fulfilled each and every covenant contained in this Indenture and is not in default in the performance or observance of any
of the terms, provisions and conditions of this Indenture (or, if a Default or Event of Default has occurred, describing all such Defaults or Events of Default of which he or she may have knowledge and what action the Issuer is taking or proposes to
take with respect thereto) and that to his or her knowledge after due inquiry no event has occurred and remains in existence by reason of which payments on account of the principal of or interest, on the Notes is prohibited or if such event has
occurred, a description of the event and what action the Issuer is taking or proposes to take with respect thereto. 

(b)    So long as any of the Notes are outstanding, the Issuer will deliver to the Trustee, forthwith upon any Officer
becoming aware of any Default or Event of Default, an Officers’ Certificate specifying such Default or Event of Default and what action the Issuer is taking or proposes to take with respect thereto. 

  
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 SECTION 4.05.    [Intentionally Omitted]. 

SECTION 4.06.    Waiver of Stay, Extension or Usury Laws. The Issuer and each of the Guarantors covenants (to the
extent that it may lawfully do so) that it will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that
may affect the covenants or the performance of this Indenture; and the Issuer and each of the Guarantors (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not, by
resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted. 

SECTION 4.07.    Change of Control. 

(a)    Upon the occurrence of a Change of Control, the Issuer shall make an offer (a “Change of Control
Offer”) to each Holder to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of that Holder’s Notes at a purchase price in cash equal to 101% of the aggregate principal amount of the Notes
repurchased plus accrued and unpaid interest, if any, on the Notes repurchased to the date of purchase (the “Change of Control Payment”). Within ten Business Days following any Change of Control, the Issuer shall mail a notice to
each Holder describing the transaction or transactions that constitute the Change of Control and stating: 

(1)    that the Change of Control Offer is being made pursuant to this Section 4.07 and that all Notes
tendered will be accepted for payment; 
 (2)    the purchase price and the purchase date, which shall be
no earlier than 30 days and no later than 60 days from the date such notice is mailed (the “Change of Control Payment Date”); 

(3)    that any Note not tendered will continue to accrue interest; 

(4)    that, unless the Issuer defaults in the payment of the Change of Control Payment, all Notes accepted
for payment pursuant to the Change of Control Offer will cease to accrue interest after the Change of Control Payment Date; 

(5)    that Holders electing to have any Notes purchased pursuant to a Change of Control Offer will be
required to surrender the Notes, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Notes completed, to the Paying Agent at the address specified in the notice prior to the close of business on the third
Business Day preceding the Change of Control Payment Date; 
 (6)    that Holders will be entitled to
withdraw their election if the Paying Agent receives, not later than the close of business on the second Business Day preceding the Change of Control Payment Date, a telegram, telex, facsimile transmission or letter setting forth the name of the
Holder, the principal amount of Notes delivered for purchase, and a statement that such Holder is withdrawing his election to have the Notes purchased; and 

(7)    that Holders whose Notes are being purchased only in part will be issued new Notes equal in
principal amount to the unpurchased portion of the Notes surrendered, which unpurchased portion must be equal to $2,000 in principal amount or an integral multiple of $1,000 in excess thereof. 

  
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 The Issuer shall comply with the requirements of Rule
14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a
Change in Control. To the extent that the provisions of any securities laws or regulations conflict with the provisions of this Section 4.07, the Issuer shall comply with the applicable securities laws and regulations and shall not be deemed to
have breached its obligations under this Section 4.07 by virtue of such conflict. 
 (b)    On the Change of
Control Payment Date, the Issuer shall, to the extent lawful: 
 (1)    accept for payment all Notes or
portions of Notes properly tendered pursuant to the Change of Control Offer; 
 (2)    deposit with the
Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes properly tendered; and 

(3)    deliver or cause to be delivered to the Trustee the Notes properly accepted together with an
Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Issuer. 
 The Paying
Agent shall promptly mail to each Holder of Notes properly tendered the Change of Control Payment for such Notes, and the Trustee shall promptly authenticate and mail (or cause to be transferred by book entry) to each Holder a new Note equal in
principal amount to any unpurchased portion of the Notes surrendered, if any; provided that each new Note shall be in a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. 

The Issuer shall publicly announce the results of the Change of Control Offer on or as soon as practicable after the Change of Control Payment
Date. 
 The provisions described above that require the Issuer to make a Change of Control Offer following a Change of Control shall be
applicable whether or not any other provisions of this Indenture are applicable. 
 (c)    The Issuer shall not be
required to make a Change of Control Offer upon a Change of Control if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements of this Section 4.07 applicable to a Change of
Control Offer made by the Issuer and purchases all Notes properly tendered and not withdrawn under the Change of Control Offer. 
 SECTION
4.08.    Limitation on Liens. The Issuer shall not, and shall not permit any of its Subsidiaries to, create, incur, assume or otherwise cause or suffer to exist or become effective any Lien of any kind (other than
Permitted Liens) upon any of their Principal Properties, now owned or hereafter acquired, securing Indebtedness, unless all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligations so secured
until such time as such obligations are no longer secured by a Lien. 

  
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 SECTION 4.09.    Reports to Holders. 

(a)    Whether or not required by the SEC, so long as any Notes are outstanding, the Issuer will furnish to the Holders of
Notes that are outstanding, within 5 days of the time periods specified in the SEC’s rules and regulations: 

(1)    all quarterly and annual financial and other information that would be required to be contained in a
filing with the SEC on Forms 10-Q and 10-K if the Issuer were required to file such Forms, including a “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” and, with respect to the annual information only, a report on the annual financial statements by the Issuer’s certified independent accountants; and 

(2)    all current reports that would be required to be filed with the SEC on Form 8-K if the Issuer were required to file such reports. 
 Notwithstanding the foregoing, the Issuer will be
deemed to have furnished any information or reports specified in the immediately preceding paragraph, upon the Issuer’s filing with the SEC of its required reports within the time periods specified in the SEC’s rules and regulations and
such information and or reports are publicly available. 
 In addition, whether or not required by the SEC, the Issuer will file a copy of
all of the information and reports referred to in clauses (1) and (2) above with the SEC for public availability within the time periods specified in the SEC’s rules and regulations (unless the SEC will not accept such a filing) and make
such information available to prospective investors upon request. The Issuer will at all times comply with Trust Indenture Act Section 314(a). 

(b)    The Trustee shall not be under a duty to review or evaluate any report or information delivered to the Trustee
pursuant to the provisions of this Section 4.09 for the purposes of making such reports available to it and to the Holders of Notes who may request such information. Delivery of such reports, information and documents to the Trustee as may be
required under this Section 4.09 is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein,
including the Issuer’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 

SECTION 4.10.    Additional Subsidiary Guarantees. If any Subsidiary of the Issuer that is not a Guarantor enters
into a Guarantee of a Credit Facility of the Issuer or another Guarantor, then that Subsidiary shall become a Guarantor and shall (i) execute a Subsidiary Guarantee, (ii) execute a supplemental indenture in substantially the form attached
hereto as Exhibit C and (iii) deliver an Opinion of Counsel satisfactory to the Trustee within 10 Business Days of the date on which it was joined to such Credit Facility. The form of Subsidiary Guarantee is attached as Exhibit B
hereto. 
 ARTICLE FIVE 

SUCCESSOR CORPORATION 
 SECTION
5.01.    Consolidation, Merger and Sale of Assets. The Issuer shall not, in a single transaction or a series of related transactions, consolidate with or merge with or into any other Person or sell, assign, convey,
transfer, lease or otherwise dispose of all or substantially all of its properties and assets to any Person or group of affiliated Persons, or permit any of its Subsidiaries to enter into any such transaction or transactions if such transaction or
transactions, in the aggregate, would result in an assignment, conveyance, transfer, lease or disposition of all or substantially all of the properties and assets of 

  
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the Issuer and its Subsidiaries taken as a whole to any other Person or group of affiliated Persons, unless at the time and after giving effect thereto: 

(1)    either: (a) the Issuer or any of its Subsidiaries is the surviving corporation; or (b) the
Person formed by or surviving any such consolidation or merger (if other than the Issuer or any of its Subsidiaries) or to which such sale, assignment, transfer, conveyance or other disposition has been made is a corporation organized or existing
under the laws of the United States, any state of the United States or the District of Columbia; 

(2)    the Person formed by or surviving any such consolidation or merger (if other than the Issuer or any
of its Subsidiaries) or the Person to which such sale, assignment, transfer, conveyance or other disposition has been made assumes all the obligations of the Issuer under the Notes and this Indenture (in each case pursuant to agreements reasonably
satisfactory to the Trustee); and 
 (3)    immediately after such transaction no Default or Event of
Default exists. 
 The covenant described under this Section 5.01 shall not apply to: (i) a sale, assignment, transfer, conveyance
or other disposition of assets between or among the Issuer and any of its Subsidiaries; (ii) any merger of a Subsidiary of the Issuer into the Issuer or another Subsidiary of the Issuer; (iii) any merger of the Issuer into a wholly owned
Subsidiary created for the purpose of holding the Equity Interests of the Issuer; or (iv) a merger between the Issuer and a newly-created Affiliate incorporated solely for the purpose of reincorporating the Issuer in another state of the United
States. 
 SECTION 5.02.    Successor Corporation Substituted. Upon any consolidation or merger, or any sale,
assignment, transfer, lease, conveyance or other disposition of all or substantially all of the assets of the Issuer in a transaction that is subject to, and that complies with the provisions of, Section 5.01 hereof, the successor Person formed
by such consolidation or into or with which the Issuer is merged or to which such sale, assignment, transfer, lease, conveyance or other disposition is made shall succeed to, and be substituted for (so that from and after the date of such
consolidation, merger, sale, assignment, transfer, lease, conveyance or other disposition, the provisions of this Indenture referring to the “Issuer” shall refer instead to the successor corporation and not to the Issuer), and may exercise
every right and power of the Issuer under this Indenture and the Notes with the same effect as if such successor Person had been named as the Issuer herein and therein; provided, however, that the predecessor Issuer shall not be
relieved from the obligation to pay the principal of and interest on the Notes except in the case of a sale of all of the Issuer’s assets in a transaction that is subject to, and that complies with the provisions of, Section 5.01 hereof.

 ARTICLE SIX 
 DEFAULT AND
REMEDIES 
 SECTION 6.01.    Events of Default. Each of the following is an “Event of Default”:

 (1)    the Issuer defaults for 30 days in the payment when due of interest on the Notes; 

(2)    the Issuer defaults in the payment when due (at maturity, upon redemption or otherwise) of the
principal of, or premium, if any, on the Notes; 
 (3)    the Issuer fails to comply with the provisions
of Section 4.07 or 5.01 hereof; 

  
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 (4)    the Issuer or any Guarantor fails to observe or
perform any other covenant or agreement in this Indenture or the Notes for 60 consecutive days after written notice to the Issuer by the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding voting as a
single class; 
 (5)    a default occurs under any mortgage, indenture or instrument under which there
may be issued or by which there may be secured or evidenced any Indebtedness for money borrowed by the Issuer or any of Guarantor (or the payment of which is guaranteed by the Issuer or any Guarantor), whether such Indebtedness or guarantee now
exists, or is created after the Issue Date, if that default: 
 (A)    is caused by a failure to pay
principal of, or interest or premium, if any, on such Indebtedness prior to the expiration of the grace period provided in such Indebtedness on the date of such default (a “Payment Default”); or 

(B)    results in the acceleration of such Indebtedness prior to its express maturity, 

and, in each case, the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness under which
there has been a Payment Default or the maturity of which has been so accelerated, aggregates $50.0 million or more; 

(6)    failure by the Issuer or any Guarantor to pay final judgments entered by a court or courts of
competent jurisdiction aggregating in excess of $50.0 million, which judgments are not paid, discharged or stayed for a period of 60 days; 

(7)    the Issuer or any Subsidiary that is a Significant Subsidiary or any group of Subsidiaries that,
taken as a whole, would constitute a Significant Subsidiary pursuant to or within the meaning of Bankruptcy Law: 

(A)    commences a voluntary case, 

(B)    consents to the entry of an order for relief against it in an involuntary case, 

(C)    consents to the appointment of a custodian of it or for all or substantially all of its property,

 (D)    makes a general assignment for the benefit of its creditors, or 

(E)    generally is not paying its debts as they become due; 

(8)    a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(A)    is for relief against the Issuer or any of its Significant Subsidiaries or any group of Subsidiaries
that, taken as a whole, would constitute a Significant Subsidiary in an involuntary case; 

  
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 (B)    appoints a custodian of the Issuer or any of its
Significant Subsidiaries or any group of Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary or for all or substantially all of the property of the Issuer or any of its Significant Subsidiaries or any group of Subsidiaries
that, taken as a whole, would constitute a Significant Subsidiary; or 
 (C)    orders the liquidation of
the Issuer or any of its Significant Subsidiaries or any group of Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary; 

and the order or decree remains unstayed and in effect for 60 consecutive days; or 

(9)    except as permitted by this Indenture, any Subsidiary Guarantee shall be held in any judicial
proceeding to be unenforceable or invalid or shall cease for any reason to be in full force and effect or any Guarantor, or any Person acting on behalf of any Guarantor, shall deny or disaffirm its obligations under its Subsidiary Guarantee. 

SECTION 6.02.    Acceleration. In the case of an Event of Default specified in clause (7) or (8) of
Section 6.01 hereof, with respect to the Issuer, any Subsidiary that is a Significant Subsidiary or any group of Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary, all outstanding Notes will become due and payable
immediately without further action or notice. If any other Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of the then outstanding Notes, by written notice to the Issuer (and the
Trustee if such notice is given by the Holders) may declare all the Notes to be due and payable immediately. 
 Upon any such declaration,
the Notes shall become due and payable immediately. Notwithstanding the foregoing, if an Event of Default specified in clause (7) or (8) of Section 6.01 hereof occurs with respect to the Issuer, any Subsidiary that is a Significant
Subsidiary or any group of Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary, all outstanding Notes shall be due and payable immediately without further action or notice. The Holders of at least majority in aggregate
principal amount of the then outstanding Notes by written notice to the Trustee may on behalf of all of the Holders waive any existing Default or Event of Default and rescind and annul an acceleration and its consequences if the rescission would not
conflict with any judgment or decree of a court of competent jurisdiction and if all existing Events of Default (except nonpayment of principal, interest or premium, if any, that has become due solely because of the acceleration) have been cured or
waived. 
 SECTION 6.03.    Other Remedies. If an Event of Default occurs and is continuing, the Trustee may
pursue any available remedy to collect the payment of principal, premium, if any, and interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture. 

The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding. A delay
or omission by the Trustee or any Holder of a Note in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are
cumulative to the extent permitted by law. 
 SECTION 6.04.    Waiver of Past Defaults. Holders of not less than
a majority in aggregate principal amount of the then outstanding Notes (which may include consents obtained in connection with a tender offer or exchange offer of Notes) by notice to the Trustee may on behalf of the Holders of all of the Notes waive
an existing Default or Event of Default and its consequences hereunder, except a continuing Default or Event of Default in the payment of the principal of, premium, if any, or interest on, the Notes as specified in Section 6.01(1) or (2)
(including in connection with an offer to purchase); provided, however, that the Holders of at least a majority in aggregate principal amount of the then outstanding 

  
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Notes may rescind an acceleration and its consequences, including any related payment default that resulted in or from such acceleration. Upon any such waiver, such Default or Event of Default
shall cease to exist, and any Default or Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent
thereon. 
 SECTION 6.05.    Control by Majority. Holders of at least a majority in aggregate principal amount of
the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any
direction that conflicts with law or this Indenture or that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes or that may involve the Trustee in personal liability. The Trustee shall be entitled to take any
other action deemed proper by the Trustee which is not inconsistent with such direction or this Indenture. 
 SECTION
6.06.    Limitation on Suits. A Holder of a Note may pursue a remedy with respect to this Indenture or the Notes only if: 

(1)    the Holder gives to the Trustee written notice of a continuing Event of Default; 

(2)    the Holders of at least 25% in aggregate principal amount of the then outstanding Notes make a
written request to the Trustee to pursue the remedy; 
 (3)    such Holder or Holders offer and, if
requested, provide to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; 

(4)    the Trustee does not comply with the request within 60 days after receipt of the request and the
offer and, if requested, the provision of indemnity; and 
 (5)    during such 60-day period the Holders of a majority in aggregate principal amount of the then outstanding Notes do not give the Trustee a written direction inconsistent with the request. 

A Holder of a Note may not use this Indenture to prejudice the rights of another Holder of a Note or to obtain a preference or priority over
another Holder of a Note. 
 SECTION 6.07.    Rights of Holders of Notes to Receive Payment. Notwithstanding any
other provision of this Indenture, the right of any Holder of a Note to receive payment of principal, premium, if any, and interest on the Note, on or after the respective due dates expressed in the Note (including in connection with an offer to
purchase), or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder. 

SECTION 6.08.    Collection Suit by Trustee. If an Event of Default specified in Section 6.01(1) or
(2) hereof occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Issuer for the whole amount of principal of, premium, if any, and interest remaining unpaid on the
Notes and interest on overdue principal and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of
the Trustee, its agents and counsel. 
 SECTION 6.09.    Trustee May File Proofs of Claim. The Trustee is
authorized to file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and

  
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advances of the Trustee, its agents and counsel) and the Holders of the Notes allowed in any judicial proceedings relative to the Issuer (or any other obligor upon the Notes), its creditors or
its property and shall be entitled and empowered to collect, receive and distribute any money or other property payable or deliverable on any such claims and any custodian in any such judicial proceeding is hereby authorized by each Holder to make
such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of
the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07 hereof. To the extent that the payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any
other amounts due the Trustee under Section 7.07 hereof out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends,
money, securities and other properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the
Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder, or to authorize the Trustee to vote in respect of the
claim of any Holder in any such proceeding. 
 SECTION 6.10.    Priorities. If the Trustee collects any money
pursuant to this Article 6, it shall pay out the money in the following order: 
 First: to the Trustee, its agents and
attorneys for amounts due under Section 7.07 hereof, including payment of all compensation, expense and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 

Second: to Holders of Notes for amounts due and unpaid on the Notes for principal, premium, if any, and interest, ratably,
without preference or priority of any kind, according to the amounts due and payable on the Notes for principal, premium, if any, and interest, respectively; and 

Third: to the Issuer or to such party as a court of competent jurisdiction shall direct. 

The Trustee may fix a record date and payment date for any payment to Holders of Notes pursuant to this Section 6.10. 

SECTION 6.11.    Undertaking for Costs. In any suit for the enforcement of any right or remedy under this Indenture
or in any suit against the Trustee for any action taken or omitted by it as a Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion
may assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not
apply to a suit by the Trustee, a suit by a Holder of a Note pursuant to Section 6.07 hereof, or a suit by Holders of more than 10% in principal amount of the then outstanding Notes. 

SECTION 6.12.    Restoration of Rights and Remedies. If the Trustee or any Holder has instituted any proceeding to
enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in
such proceedings or any other proceedings, the Issuers, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies hereunder of the Trustee and the Holders
shall continue as though no such proceeding has been instituted. 

  
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 ARTICLE SEVEN 

TRUSTEE 
 SECTION
7.01.    Duties of Trustee. 
 (a)    If an Event of Default has occurred and is continuing,
the Trustee shall exercise such of the rights and powers vested in it by this Indenture and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of his or her own
affairs. 
 (b)    Except during the continuance of an Event of Default: 

(1)    The Trustee need perform only those duties as are specifically set forth herein or in the Trust
Indenture Act and no duties, covenants, responsibilities or obligations shall be implied in this Indenture against the Trustee. 

(2)    In the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed therein, upon certificates (including Officer’s Certificates) or opinions (including Opinions of Counsel) furnished to the Trustee and conforming to the requirements of this Indenture.
However, in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall examine the certificates and opinions to determine whether or not they conform to the
requirements of this Indenture. 
 (c)    Notwithstanding anything to the contrary herein, the Trustee may not be
relieved from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 

(1)    This paragraph does not limit the effect of Section 7.01(b). 

(2)    The Trustee shall not be liable for any error of judgment made in good faith by a Responsible
Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts. 

(3)    The Trustee shall not be liable with respect to any action it takes or omits to take in good faith
in accordance with a direction received by it pursuant to Section 6.05. 
 (d)    No provision of this Indenture
shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or to take or omit to take any action under this Indenture or take any action at the request or
direction of Holders if it shall have reasonable grounds for believing that repayment of such funds is not assured to it. 

(e)    Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the
Trustee is subject to this Section 7.01. 
 (f)    The Trustee shall not be liable for interest on any money
received by it except as the Trustee may agree in writing with the Issuer. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law or unless otherwise agreed with the Issuer. 

  
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 (g)    In the absence of bad faith, negligence or willful misconduct on the
part of the Trustee, the Trustee shall not be responsible for the application of any money by any Paying Agent other than the Trustee. 

SECTION 7.02.    Rights of Trustee. Subject to Section 7.01: 

(a)    The Trustee may rely conclusively on any resolution, certificate (including any Officer’s
Certificate), statement, instrument, opinion (including any Opinion of Counsel), notice, request, direction, consent, order, bond, debenture or other paper or document believed by it to be genuine and to have been signed or presented by the proper
Person. The Trustee need not investigate any fact or matter stated in the document. 
 (b)    Before the
Trustee acts or refrains from acting, it may require an Officer’s Certificate and an Opinion of Counsel, which shall conform to the provisions of Section 11.05. The Trustee shall not be liable for any action it takes or omits to take in
good faith in reliance on such Officer’s Certificate or Opinion of Counsel. 
 (c)    The Trustee
may act through its attorneys and agents and shall not be responsible for the misconduct or negligence of any agent (other than an agent who is an employee of the Trustee) appointed with due care. 

(d)    The Trustee shall not be liable for any action it takes or omits to take in good faith which it
reasonably believes to be authorized or within its rights or powers under this Indenture. 
 (e)    The
Trustee may consult with counsel of its selection and the advice or opinion of such counsel as to matters of law shall be full and complete authorization and protection from liability in respect of any action taken, omitted or suffered by it
hereunder in good faith and in accordance with the advice or opinion of such counsel. 
 (f)    The
Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request, order or direction of any of the Holders pursuant to the provisions of this Indenture, unless such Holders shall have offered
to the Trustee reasonable security or indemnity satisfactory to it against the costs, expenses and liabilities which may be incurred therein or thereby. 

(g)    The Trustee shall not be bound to make any investigation into the facts or matters stated in any
resolution, certificate (including any Officer’s Certificate), statement, instrument, opinion (including any Opinion of Counsel), notice, request, direction, consent, order, bond, debenture, or other paper or document, but the Trustee, in its
discretion, may make such further inquiry or investigation into such facts or matters as it may see fit and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled, upon reasonable notice to the Issuer, to
examine the books, records, and premises of the Issuer, personally or by agent or attorney at the sole cost of the Issuer. 

(h)    The Trustee shall not be required to give any bond or surety in respect of the performance of its
powers and duties hereunder. 
 (i)    The permissive rights of the Trustee to do things enumerated in
this Indenture shall not be construed as duties. 

  
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 (j)    Except with respect to Sections 4.01 and 4.04, the
Trustee shall have no duty to inquire as to the performance of the Issuer with respect to the covenants contained in Article Four. In addition, the Trustee shall not be deemed to have knowledge of a Default or an Event of Default except (i) any
Default or Event of Default occurring pursuant to Section 4.01, 6.01(1) or 6.01(2) or (ii) any Default or Event of Default actually known to a Responsible Officer. 

(k)    The rights, privileges, protections, immunities and benefits given to the Trustee, including its
right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and other Person employed to act hereunder. 

SECTION 7.03.    Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the
owner or pledgee of Notes and may otherwise deal with the Issuer, their Subsidiaries or their respective Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest,
as described in the Trust Indenture Act, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as Trustee or resign. Any Agent may do the same with like rights. However, the Trustee shall comply with Sections
7.10 and 7.11. 
 SECTION 7.04.    Trustee’s Disclaimer. The Trustee shall not be responsible for and makes
no representation as to the validity or adequacy of this Indenture or the Notes, it shall not be accountable for the Issuer’s use of the proceeds from the Notes, and it shall not be responsible for any statement of the Issuer in this Indenture
or any document issued in connection with the sale of Notes or any statement in the Notes other than the Trustee’s certificate of authentication. The Trustee makes no representations with respect to the effectiveness or adequacy of this
Indenture. 
 SECTION 7.05.    Notice of Default. If a Default occurs and is continuing and is deemed to be known
to the Trustee pursuant to Section 7.02(j), the Trustee shall mail to each Holder notice of the uncured Default within 90 days after the Trustee is deemed to know such Default occurred. Except in the case of a Default in payment of principal
of, or interest on, any Note, including an accelerated payment and the failure to make a payment pursuant to a Change of Control Offer or a Default in complying with the provisions of Article Five, the Trustee may withhold the notice if and so long
as the Board of Directors, the executive committee, or a trust committee of directors and/or Responsible Officers, of the Trustee in good faith determines that withholding the notice is in the interest of the Holders. 

SECTION 7.06.    Reports by Trustee to Holders. Within 60 days after each April 1, beginning with
April 1, 2018, the Trustee shall, to the extent that any of the events described in Trust Indenture Act § 313(a) occurred within the previous twelve months, but not otherwise, mail to each Holder a brief report dated as of such date
that complies with Trust Indenture Act § 313(a). The Trustee also shall comply with Trust Indenture Act §§ 313(b), 313(c) and 313(d). 

A copy of each report at the time of its mailing to Holders shall be mailed to the Issuer and filed with the SEC and each securities exchange,
if any, on which the Notes are listed. 
 The Issuer shall notify the Trustee if the Notes become listed on any securities exchange or of
any delisting thereof and the Trustee shall comply with Trust Indenture Act § 313(d). 
 SECTION
7.07.    Compensation and Indemnity. The Issuer shall pay to the Trustee from time to time such compensation as the Issuer and the Trustee shall from time to time agree in writing for its services hereunder. The
Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Issuer shall reimburse the Trustee upon request for all reasonable 

  
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disbursements, expenses and advances (including reasonable fees and expenses of counsel) incurred or made by it in addition to the compensation for its services, except any such disbursements,
expenses and advances as may be attributable to the Trustee’s negligence, bad faith or willful misconduct. Such expenses shall include the reasonable fees and expenses of the Trustee’s agents and counsel. 

The Issuer shall indemnify each of the Trustee or any predecessor Trustee and its agents for, and hold them harmless against, any and all
loss, damage, claims including taxes (other than taxes based upon, measured by or determined by the income of the Trustee), liability or expense incurred by them except for such actions to the extent caused by any negligence, bad faith or willful
misconduct on their part, arising out of or in connection with this Indenture including the reasonable costs and expenses of defending themselves against or investigating any claim or liability in connection with the exercise or performance of any
of the Trustee’s rights, powers or duties hereunder. The Trustee shall notify the Issuer promptly of any claim asserted against the Trustee or any of its agents for which it may seek indemnity, provided that failure to provide such
notice shall not relieve the Issuer of its obligations in this Section 7.07 unless the failure to notify the Issuer impairs the Issuer’s ability to defend such claim. The Issuer may, at the request of the Trustee, defend the claim and the
Trustee shall cooperate in the defense; provided that the Trustee and its agents subject to the claim may have separate counsel and the Issuer shall pay the reasonable fees and expenses of such counsel; provided, however, that
the Issuer shall not be required to pay such fees and expenses if the Issuer assumes the Trustee’s defense and there is no conflict of interest between the Issuer and the Trustee and its agents subject to the claim in connection with such
defense as reasonably determined by the Trustee. The Issuer need not pay for any settlement made without their written consent. The Issuer need not reimburse any expense or indemnify against any loss or liability to the extent incurred by the
Trustee through its negligence, bad faith or willful misconduct. 
 Notwithstanding anything to the contrary in this Indenture, to secure
the Issuer’s payment obligations in this Section 7.07, the Trustee shall have a Lien prior to the Notes against all money or property held or collected by the Trustee, in its capacity as Trustee, except money or property held in trust to
pay principal and interest on particular Notes. 
 When the Trustee incurs expenses or renders services after a Default specified in
Section 6.01(8) or 6.01(9) occurs, such expenses and the compensation for such services shall be paid to the extent allowed under any Bankruptcy Law. 

Notwithstanding any other provision in this Indenture, the foregoing provisions of this Section 7.07 shall survive the satisfaction and
discharge of this Indenture or the appointment of a successor Trustee. 
 SECTION 7.08.    Replacement of
Trustee. A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section 7.08. The Trustee may resign with 60
days prior written notice by so notifying the Issuer in writing. The Holders of a majority in aggregate principal amount of the outstanding Notes may remove the Trustee by so notifying the Issuer and the Trustee and may appoint a successor Trustee.
The Issuer may remove the Trustee if: 
 (1)    the Trustee fails to comply with Section 7.10; 

(2)    the Trustee is adjudged a bankrupt or an insolvent; 

(3)    a receiver or other public officer takes charge of the Trustee or its property; or 

(4)    the Trustee becomes incapable of acting. 

  
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 If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any
reason, the Issuer shall notify each Holder of such event and shall promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in aggregate principal amount of the Notes may appoint a
successor Trustee to replace the successor Trustee appointed by the Issuer. 
 A successor Trustee shall deliver a written acceptance of its
appointment to the retiring Trustee and to the Issuer. Immediately after that, the retiring Trustee shall transfer, after payment of all sums then owing to the Trustee pursuant to Section 7.07, all property held by it as Trustee to the
successor Trustee, subject to the Lien provided in Section 7.07, the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this
Indenture. A successor Trustee shall mail notice of its succession to each Holder. 
 If a successor Trustee does not take office within 60
days after the retiring Trustee resigns or is removed, the retiring Trustee, the Issuer or the Holders of at least 10% in principal amount of the outstanding Notes may petition any court of competent jurisdiction for the appointment of a successor
Trustee at the expense of the Issuer. 
 If the Trustee fails to comply with Section 7.10, any Holder may petition any court of
competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
 Notwithstanding replacement of the
Trustee pursuant to this Section 7.08, the Issuer’s obligations under Section 7.07 shall continue for the benefit of the retiring Trustee. 

SECTION 7.09.    Successor Trustee by Merger, Etc. Any business entity into which the Trustee may be merged or
converted or with which it may be consolidated, or any entity resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any entity succeeding to all or substantially all of the corporate trust business of the
Trustee, shall be the successor of the Trustee hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto. 

SECTION 7.10.    Eligibility, Disqualification. This Indenture shall always have a Trustee who satisfies the
requirement of Trust Indenture Act §§ 310(a)(1), 310(a)(2) and 310(a)(5). The Trustee shall have a combined capital and surplus of at least $150,000,000 as set forth in its most recent published annual report of condition. The Trustee
shall comply with Trust Indenture Act § 310(b); provided, however, that there shall be excluded from the operation of Trust Indenture Act § 310(b)(1) any indenture or indentures under which other securities, or
certificates of interest or participation in other securities, of the Issuer are outstanding, if the requirements for such exclusion set forth in Trust Indenture Act § 310(b)(1) are met. The provisions of Trust Indenture Act
§ 310 shall apply to the Issuer and any other obligor of the Notes. 
 SECTION 7.11.    Preferential
Collection of Claims Against the Issuer. The Trustee, in its capacity as Trustee hereunder, shall comply with Trust Indenture Act § 311(a), excluding any creditor relationship listed in Trust Indenture Act § 311(b). A Trustee
who has resigned or been removed shall be subject to Trust Indenture Act § 311(a) to the extent indicated. 
 ARTICLE EIGHT 

DISCHARGE OF INDENTURE, DEFEASANCE 

SECTION 8.01.    Option to Effect Legal Defeasance or Covenant Defeasance. The Issuer may, at the option of its
Board of Directors evidenced by a resolution set forth in an Officers’ Certificate, at any time, elect to have either Section 8.02 or 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in
this Article Eight. 

  
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 SECTION 8.02.    Legal Defeasance and Discharge. Upon the
Issuer’s exercise under Section 8.01 hereof of the option applicable to this Section 8.02, the Issuer and each of the Guarantors shall, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to
have been discharged from their obligations with respect to all outstanding Notes (including the Subsidiary Guarantees) on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose,
Legal Defeasance means that the Issuer and the Guarantors will be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes (including the Subsidiary Guarantees), which will thereafter be deemed to be
“outstanding” only for the purposes of Section 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and to have satisfied all their other obligations under such Notes, the Subsidiary
Guarantees and this Indenture (and the Trustee, on demand of and at the expense of the Issuer, shall execute proper instruments acknowledging the same), except for the following provisions which will survive until otherwise terminated or discharged
hereunder: 
 (1)    the rights of Holders of outstanding Notes to receive payments in respect of the
principal of, or interest or premium, if any, on such Notes when such payments are due from the trust referred to in Section 8.04 hereof; 

(2)    the Issuer’s obligations to issue temporary Notes, to replace mutilated, destroyed, lost or
stolen Notes under Article Two and Section 4.02 hereof; 
 (3)    the rights, powers, trusts, duties
and immunities of the Trustee hereunder and the Issuer’s and the Guarantors’ obligations in connection therewith; and 

(4)    the provisions of this Article Eight applicable to Legal Defeasance. 

Subject to compliance with this Article Eight, the Issuer may exercise its option under this Section 8.02 notwithstanding the prior exercise of its
option under Section 8.03 hereof. 
 SECTION 8.03.    Covenant Defeasance. Upon the Issuer’s exercise
under Section 8.01 hereof of the option applicable to this Section 8.03, the Issuer and the Guarantors shall, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be released from each of their obligations
under the covenants contained in Sections 4.06 through 4.10 hereof with respect to the outstanding Notes on and after the date the conditions set forth in Section 8.04 hereof are satisfied (hereinafter, “Covenant Defeasance”),
and the Notes shall thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but will continue to be
deemed “outstanding” for all other purposes hereunder (it being understood that such Notes will not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to the outstanding Notes and
Subsidiary Guarantees, the Issuer and the Guarantors may omit to comply with and will have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference
elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply will not constitute a Default or an Event of Default under Section 6.01
hereof, but, except as specified above, the remainder of this Indenture and such Notes and Subsidiary Guarantees will be unaffected thereby. In addition, upon the Issuer’s exercise under Section 8.01 hereof of the option applicable to this
Section 8.03 hereof, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, Sections 6.01(3) through 6.01(6) and Section 6.01(9) hereof will not constitute Events of Default. 

  
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 SECTION 8.04.    Application of Trust Money. In order to exercise
either Legal Defeasance or Covenant Defeasance under either Section 8.02 or 8.03 hereof: 

(1)    the Issuer must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders, cash
in United States dollars, non-callable Government Securities, or a combination thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized firm of independent public accountants,
to pay the principal of, interest and premium, if any, on the outstanding Notes on the stated date for payment thereof or on the applicable redemption date, as the case may be, and the Issuer must specify whether the Notes are being defeased to
maturity or to a particular redemption date; 
 (2)    in the case of an election under Section 8.02
hereof, the Issuer has delivered to the Trustee an Opinion of Counsel in the United States reasonably acceptable to the Trustee confirming that: 

(A)    the Issuer has received from, or there has been published by, the Internal Revenue Service a ruling;
or 
 (B)    since the Issue Date, there has been a change in the applicable federal income tax law, 

in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the outstanding Notes will not
recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal
Defeasance had not occurred; 
 (3)    in the case of an election under Section 8.03 hereof, the
Issuer must deliver to the Trustee an Opinion of Counsel in the United States reasonably acceptable to the Trustee confirming that the Holders of the outstanding Notes will not recognize income, gain or loss for federal income tax purposes as a
result of such Covenant Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(4)    no Default or Event of Default shall have occurred and be continuing on the date of such deposit
(other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit); 

(5)    such Legal Defeasance or Covenant Defeasance will not result in a breach or violation of, or
constitute a default under, any material agreement or instrument (other than this Indenture and the agreements governing any other indebtedness being defeased, discharged or replaced) to which the Issuer or any of its Subsidiaries is a party or by
which the Issuer or any of its Subsidiaries is bound; 
 (6)    the Issuer must deliver to the Trustee an
Officers’ Certificate stating that the deposit was not made by the Issuer with the intent of preferring the Holders of Notes over the other creditors of the Issuer or with the intent of defeating, hindering, delaying or defrauding any other
creditors of the Issuer or others; and 

  
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 (7)    the Issuer must deliver to the Trustee an
Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent or relating to the Legal Defeasance or the Covenant Defeasance have been complied with. 

SECTION 8.05.    Deposited Money and Government Securities To Be Held in Trust; Other Miscellaneous Provisions.
Subject to Section 8.06 hereof, all money and non-callable Government Securities (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this
Section 8.05, the “Trustee”) pursuant to Section 8.04 hereof in respect of the outstanding Notes will be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the
payment, either directly or through any Paying Agent (including the Issuer acting as Paying Agent) as the Trustee may determine, to the Holders of such Notes of all sums due and to become due thereon in respect of principal, premium, if any, and
interest, but such money need not be segregated from other funds except to the extent required by law. 
 The Issuer will pay and indemnify
the Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable Government Securities deposited pursuant to Section 8.04 hereof or the principal and interest
received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Notes. 

Notwithstanding anything in this Article Eight to the contrary, the Trustee will deliver or pay to the Issuer from time to time upon the
request of the Issuer any money or non-callable Government Securities held by it as provided in Section 8.04 hereof which, in the opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.04(1) hereof), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent
Legal Defeasance or Covenant Defeasance. 
 SECTION 8.06.    Repayment to the Issuer. Any money deposited with
the Trustee or any Paying Agent, or then held by the Issuer, in trust for the payment of the principal of, premium, if any, or interest on any Note and remaining unclaimed for two years after such principal, premium, if any, or interest has become
due and payable shall be paid to the Issuer on its request or (if then held by the Issuer) will be discharged from such trust; and the Holder of such Note will thereafter be permitted to look only to the Issuer for payment thereof, and all liability
of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Issuer as trustee thereof, will thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any
such repayment, may at the expense of the Issuer cause to be published once, in The New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which will not be
less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining will be repaid to the Issuer. 

SECTION 8.07.    Reinstatement. If the Trustee or Paying Agent is unable to apply any United States dollars or non-callable Government Securities in accordance with Section 8.02 or 8.03 hereof, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or
otherwise prohibiting such application, then the Issuer’s and the Guarantor’s obligations under this Indenture and the Notes and the Subsidiary Guarantees will be revived and reinstated as though no deposit had occurred pursuant to
Section 8.02 or 8.03 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 8.02 or 8.03 hereof, as the case may be; provided, however, that, if the Issuer makes
any payment of principal of, premium, if any, or interest on any Note following the reinstatement of its obligations, the Issuer will be subrogated to the rights of the Holders of such Notes to receive such payment from the money held by the Trustee
or Paying Agent. 

  
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 ARTICLE NINE 

AMENDMENTS, SUPPLEMENTS AND WAIVERS 

SECTION 9.01.    Without Consent of Holders. Notwithstanding Section 9.02 of this Indenture, the Issuer, the
Guarantors and the Trustee may amend or supplement this Indenture, the Subsidiary Guarantees or the Notes without the consent of any Holder of a Note: 

(1)    to cure any ambiguity, defect or inconsistency; 

(2)    to provide for uncertificated Notes in addition to or in place of certificated Notes; 

(3)    to provide for the assumption of the Issuer’s obligations to the Holders of the Notes by a
successor to the Issuer pursuant to Article Five; 
 (4)    to make any change that would provide any
additional rights or benefits to the Holders of the Notes or that does not adversely affect the legal rights hereunder of any Holder of the Note; 

(5)    to comply with requirements of the SEC in order to effect or maintain the qualification of this
Indenture under the Trust Indenture Act; 
 (6)    to conform the text of this Indenture, the Subsidiary
Guarantees or the Notes to any provision contained in the “Description of Notes” contained in the Prospectus Supplement; 

(7)    to provide for the issuance of Additional Notes in accordance with the limitations set forth in this
Indenture; or 
 (8)    to allow a Subsidiary to execute a supplemental indenture for the purpose of
providing a Subsidiary Guarantee in accordance with the provisions of this Indenture. 
 SECTION 9.02.    With
Consent of Holders. Except as provided below in this Section 9.02, the Issuer and the Trustee may amend or supplement this Indenture (including, without limitation, Section 4.07 hereof), the Subsidiary Guarantees and the Notes with the
consent of the Holders of at least a majority in principal amount of the Notes (including, without limitation, Additional Notes, if any) then outstanding voting as a single class (including, without limitation, consents obtained in connection with a
tender offer or exchange offer for, or purchase of the Notes), and, subject to Sections 6.04 and 6.07 hereof, any existing Default or Event of Default (other than a Default or Event of Default in the payment of the principal of, premium, if any, or
interest on the Notes, except a payment default resulting from an acceleration that has been rescinded) or compliance with any provision of this Indenture, the Subsidiary Guarantees or the Notes may be waived with the consent of the Holders of a
majority in aggregate principal amount of the then outstanding Notes voting as a single class (including consents obtained in connection with a tender offer or exchange offer for, or purchase of, the Notes). Section 2.08 hereof shall determine
which Notes are considered to be “outstanding” for purposes of this Section 9.02. 
 It is not be necessary for the consent
of the Holders of Notes under this Section 9.02 to approve the particular form of any proposed amendment or waiver, but it is sufficient if such consent approves the substance thereof. 

After an amendment, supplement or waiver under this Section 9.02 becomes effective, the Issuer shall mail to the Holders of Notes
affected thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Issuer to mail such notice, or any defect therein, shall not, however, in any 

  
 -39- 

 
way impair or affect the validity of any such amended or supplemental Indenture or waiver. Subject to Sections 6.04 and 6.07 hereof, the Holders of a majority in aggregate principal amount of the
Notes then outstanding voting as a single class may waive compliance in a particular instance by the Issuer with any provision of this Indenture or the Notes. 

However, without the consent of each Holder affected, an amendment, supplement or waiver under this Section 9.02 may not (with respect to
any Notes held by a non-consenting Holder): 
 (1)    reduce the
principal amount of Notes whose Holders must consent to an amendment, supplement or waiver; 

(2)    reduce the principal of or change the fixed maturity of any Note or alter any of the provisions with
respect to the redemption of the Notes except as provided above with respect to Section 4.07 hereof; 

(3)    reduce the rate of or change the time for payment of interest on any Note; 

(4)    waive a Default or Event of Default in the payment of principal of, or interest or premium, if any,
on the Notes (except a rescission of acceleration of the Notes by the Holders of at least a majority in aggregate principal amount of the then outstanding Notes and a waiver of the payment default that resulted from such acceleration); 

(5)    make any Note payable in currency other than that stated in the Notes; 

(6)    make any change in the provisions of this Indenture relating to waivers of past Defaults or the
rights of Holders of Notes to receive payments of principal of, or interest or premium, if any, on the Notes; 

(7)    waive a redemption payment with respect to any Notes (other than a payment required by
Section 4.07 hereof); 
 (8)    release any Guarantor from any of its obligations under its
Subsidiary Guarantee or this Indenture, except in accordance with the terms of this Indenture; 

(9)    modify or change any provision of this Indenture or the related definitions to affect the ranking of
the Notes or any Subsidiary Guarantee in a manner that adversely affects the Holders; provided, however, that any modification of the provisions of this Indenture relating to the ability of the Issuer or any Subsidiary to create,
incur, assume or otherwise suffer to exist or become effective any Lien securing Indebtedness shall not constitute a modification or change that affects the ranking of the Notes or any Subsidiary Guarantee; or 

(10)    make any change in the foregoing amendment and waiver provisions. 

SECTION 9.03.    Compliance with the Trust Indenture Act. From the date on which this Indenture is qualified under
the Trust Indenture Act, every amendment, waiver or supplement of this Indenture, the Notes or the Guarantees shall comply with the Trust Indenture Act as then in effect. 

SECTION 9.04.    Revocation and Effect of Consents. Until an amendment, waiver or supplement becomes effective, a
consent to it by a Holder is a continuing consent by the Holder and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note.
However, any such Holder or subsequent 

  
 -40- 

 
Holder may revoke the consent as to his Note or portion of his Note by notice to the Trustee or the Issuer received before the date on which the Trustee receives an Officer’s Certificate
certifying that the Holders of the requisite principal amount of Notes have consented (and not theretofore revoked such consent) to the amendment, supplement or waiver. 

The Issuer may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to consent to any
amendment, supplement or waiver, which record date shall be at least 30 days prior to the first solicitation of such consent. If a record date is fixed, then notwithstanding the last sentence of the immediately preceding paragraph, those Persons who
were Holders at such record date (or their duly designated proxies), and only those Persons, shall be entitled to revoke any consent previously given, whether or not such Persons continue to be Holders after such record date. No such consent shall
be valid or effective for more than 90 days after such record date. The Issuer shall inform the Trustee in writing of the fixed record date if applicable. 

After an amendment, supplement or waiver becomes effective, it shall bind every Holder, unless it makes a change described in any of clauses
(1) through (10) of Section 9.02(b), in which case, the amendment, supplement or waiver shall bind only each Holder of a Note who has consented to it and every subsequent Holder of a Note or portion of a Note that evidences the same debt
as the consenting Holder’s Note; provided, however, that any such waiver shall not impair or affect the right of any Holder to receive payment of principal of, and interest on, a Note, on or after the respective due dates
therefor, or to bring suit for the enforcement of any such payment on or after such respective dates without the consent of such Holder. 

SECTION 9.05.    Notation on or Exchange of Notes. If an amendment, supplement or waiver changes the terms of a
Note, the Issuer may require the Holder of the Note to deliver it to the Trustee. The Issuer shall provide the Trustee with an appropriate notation on the Note about the changed terms and cause the Trustee to return it to the Holder at the
Issuer’s expense. Alternatively, if the Issuer or the Trustee so determines, the Issuer in exchange for the Note shall issue, and the Trustee shall authenticate, a new Note that reflects the changed terms. Failure to make the appropriate
notation or issue a new Note shall not affect the validity and effect of such amendment, supplement or waiver. 
 SECTION
9.06.    Trustee To Sign Amendments, Etc. The Trustee shall execute any amendment, supplement or waiver authorized pursuant to this Article Nine; provided, however, that the Trustee may, but shall not be
obligated to, execute any such amendment, supplement or waiver which affects the Trustee’s own rights, duties or immunities under this Indenture. The Trustee shall be entitled to receive, and shall be fully protected in relying upon, an Opinion
of Counsel and an Officer’s Certificate each stating that the execution of any amendment, supplement or waiver authorized pursuant to this Article Nine is authorized or permitted by this Indenture, and all conditions precedent thereto have been
compiled with. Such Opinion of Counsel shall be at the expense of the Issuer. 
 ARTICLE TEN 

SUBSIDIARY GUARANTEES 
 SECTION
10.01.    Guarantee. 
 (a)    Subject to this Article Ten, each of the Guarantors hereby,
jointly and severally, unconditionally guarantees to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this Indenture, the Notes or
the obligations of the Issuer hereunder or thereunder, that: 
 (1)    the principal of, premium, if any,
and interest on the Notes will be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the Notes, if any, if lawful, and all other obligations of the
Issuer to the Holders or the Trustee hereunder or thereunder will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and 

  
 -41- 

 (2)    in case of any extension of time of payment or renewal
of any Notes or any of such other obligations, that same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. 

Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors will be jointly and
severally obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 

(b)    The Guarantors hereby agree that their obligations hereunder are unconditional, irrespective of the validity,
regularity or enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment against the
Issuer, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. Each Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with
a court in the event of insolvency or bankruptcy of the Issuer, any right to require a proceeding first against the Issuer, protest, notice and all demands whatsoever and covenant that this Subsidiary Guarantee will not be discharged except by
complete performance of the obligations contained in the Notes and this Indenture. 
 (c)    If any Holder or the
Trustee is required by any court or otherwise to return to the Issuer, the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Issuer or the Guarantors, any amount paid by either to the Trustee
or such Holder, this Subsidiary Guarantee, to the extent theretofore discharged, will be reinstated in full force and effect. 

(d)    Each Guarantor agrees that it will not be entitled to any right of subrogation in relation to the Holders in
respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Guarantor further agrees that, as between the Guarantors, on the one hand, and the Holders and the Trustee, on the other hand, (1) the
maturity of the obligations guaranteed hereby may be accelerated as provided in Article Six hereof for the purposes of this Subsidiary Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of
the obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such obligations as provided in Article Six hereof, such obligations (whether or not due and payable) will forthwith become due and payable by the
Guarantors for the purpose of this Subsidiary Guarantee. The Guarantors will have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right does not impair the rights
of the Holders under the Subsidiary Guarantee. 
 SECTION 10.02.    Limitation on Guarantor Liability. Each
Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the Subsidiary Guarantee of such Guarantor not constitute (i) a fraudulent transfer or conveyance for purposes of
Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any Subsidiary Guarantee or (ii) an unlawful distribution under any applicable state law
prohibiting shareholder distributions by an insolvent subsidiary to the extent applicable to its Subsidiary Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree that the obligations
of such Guarantor under its Subsidiary Guarantee and this Article 10 shall be limited to the maximum amount as will, after giving effect to such 

  
 -42- 

 
maximum amount and all other contingent and fixed liabilities of such Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution
from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under this Article 10, result in the obligations of such Guarantor under its Subsidiary Guarantee not constituting a fraudulent
transfer or conveyance or such an unlawful shareholder distribution. 
 SECTION 10.03.    Execution and Delivery of
Subsidiary Guarantee. To evidence its Subsidiary Guarantee set forth in Section 10.01, each Guarantor hereby agrees that a notation of such Subsidiary Guarantee substantially in the form attached as Exhibit B hereto will be
endorsed by an Officer of such Guarantor on each Note authenticated and delivered by the Trustee and that this Indenture will be executed on behalf of such Guarantor by one of its Officers. 

Each Guarantor hereby agrees that its Subsidiary Guarantee set forth in Section 10.01 will remain in full force and effect
notwithstanding any failure to endorse on each Note a notation of such Subsidiary Guarantee. 
 If an Officer whose signature is on this
Indenture or on the Subsidiary Guarantee no longer holds that office at the time the Trustee authenticates the Note on which a Subsidiary Guarantee is endorsed, the Subsidiary Guarantee will be valid nevertheless. 

The delivery of any Note by the Trustee, after the authentication thereof hereunder, will constitute due delivery of the Subsidiary Guarantee
set forth in this Indenture on behalf of the Guarantors. 
 In the event that the Issuer creates or acquires any Subsidiary after the date
of this Indenture, if required by Section 4.10 hereof, the Issuer will cause such Subsidiary to comply with the provisions of Section 4.10 hereof and this Article 10, to the extent applicable. 

SECTION 10.04.    Release of a Guarantor. Any Guarantor will be released from and relieved of any obligations under
its Subsidiary Guarantee, this Indenture and the Notes, (i) in the event of any sale or other disposition of all or substantially all of the assets of that Guarantor (including by way of merger, consolidation or otherwise) to a Person that is
not (either before or after giving effect to such transaction) a Subsidiary of the Issuer, (ii) a sale or other disposition of all of the Capital Stock of that Guarantor, in each case, to a Person that is not (either before or after giving
effect to such transactions) a Subsidiary of the Issuer, (iii) upon Legal Defeasance or Covenant Defeasance of the Notes pursuant to Article Eight hereof or (iv) if that Guarantor is released from its guarantee under all Credit Facilities
of the Issuer and the Guarantors (including as a result of such Credit Facilities ceasing to be outstanding). Upon delivery by the Issuer to the Trustee of an Officers’ Certificate and an Opinion of Counsel to the effect that the provisions of
this Indenture with respect to the release of such Guarantor have been satisfied, the Trustee will execute any documents reasonably required in order to evidence the release of any Guarantor from its obligations under its Subsidiary Guarantee. 

Any Guarantor not released from its obligations under its Subsidiary Guarantee will remain liable for the full amount of principal of and
interest on the Notes and for the other obligations of any Guarantor under this Indenture as provided in this Article Ten. 
 Nothing
contained in this Indenture or in any of the Notes shall prevent any consolidation or merger of a Guarantor with or into an Issuer (in which case such Guarantor shall no longer be a Guarantor) or another Guarantor or shall prevent any sale or
conveyance of the property of a Guarantor as an entirety or substantially as an entirety to an Issuer or another Guarantor. 

  
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 ARTICLE ELEVEN 

SATISFACTION AND DISCHARGE 

SECTION 11.01.    Satisfaction and Discharge. This Indenture will be discharged and will cease to be of further
effect as to all Notes issued hereunder, when: 
 (1)    either: 

(a)    all Notes that have been authenticated (except lost, stolen or destroyed Notes that have been
replaced or paid and Notes for whose payment money has been deposited in trust and thereafter repaid to the Issuer) have been delivered to the Trustee for cancellation; or 

(b)    all Notes that have not been delivered to the Trustee for cancellation have become due and payable
by reason of the mailing of a notice of redemption or otherwise or will become due and payable within one year, and the Issuer or any Guarantor has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust solely for
the benefit of the Holders, cash in U.S. dollars, non-callable Government Securities, or a combination of cash in U.S. dollars and non-callable Government Securities, in
such amounts as will be sufficient without consideration of any reinvestment of interest to pay and discharge the entire indebtedness on the Notes not delivered to the Trustee for cancellation for principal, premium, if any, and accrued interest to
the date of maturity or redemption; 
 (2)    no Default or Event of Default has occurred and is
continuing on the date of such deposit or will occur as a result of such deposit (other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit and any similar deposit relating to other Indebtedness
and, in each case, the granting of Liens to secure such borrowings) and such deposit will not result in a breach or violation of, or constitute a default under, any other instrument to which the Issuer or any Guarantor is a party or by which the
Issuer or any Guarantor is bound (other than with respect to the borrowing of funds to be applied concurrently to make the deposit required to effect such satisfaction and discharge and any similar concurrent deposit relating to other Indebtedness,
and in each case, the granting of Liens to secure such borrowings); 
 (3)    the Issuer or any Guarantor
has paid or caused to be paid all sums payable by it under this Indenture; and 
 (4)    the Issuer has
delivered irrevocable instructions to the Trustee under this Indenture to apply the deposited money toward the payment of the Notes at maturity or the redemption date, as the case may be. 

In addition, the Issuer must deliver an Officers’ Certificate and an Opinion of Counsel to the Trustee stating that all conditions
precedent to satisfaction and discharge have been satisfied. 
 Notwithstanding the satisfaction and discharge of this Indenture, if money
has been deposited with the Trustee pursuant to subclause (b) of clause (1) of this Section, the provisions of Section 11.02 and Section 8.06 will survive. In addition, nothing in this Section 11.01 will be deemed to
discharge those provisions of Section 7.07 hereof, that, by their terms, survive the satisfaction and discharge of this Indenture. 

  
 -44- 

 SECTION 11.02.    Application of Trust Money. Subject to the
provisions of Section 8.06, all money deposited with the Trustee pursuant to Section 11.01 shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or
through any Paying Agent (including the Issuer acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal, premium, if any, and interest for whose payment such money has been deposited with the
Trustee; but such money need not be segregated from other funds except to the extent required by law. If the Trustee or Paying Agent is unable to apply any money or Government Securities in accordance with Section 11.01 by reason of any legal
proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Issuer’s and any Guarantor’s obligations under this Indenture and the Notes shall
be revived and reinstated as though no deposit had occurred pursuant to Section 11.01; provided that if the Issuer has made any payment of principal of, premium, if any, or interest on any Notes because of the reinstatement of its
obligations, the Issuer shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money or Government Securities held by the Trustee or Paying Agent. The Issuer shall pay and indemnify the Trustee against any
tax, fee or other charge imposed or assessed against the Trustee with respect to the money deposited with the Trustee pursuant to Section 11.01 hereof. 

ARTICLE TWELVE 
 MISCELLANEOUS 

SECTION 12.01.    Trust Indenture Act Controls. If any provision of this Indenture limits, qualifies, or conflicts
with another provision which is required or deemed to be included in this Indenture by the Trust Indenture Act, such required or deemed provision shall control. 

SECTION 12.02.    Notices. Any notices or other communications required or permitted hereunder shall be in writing,
and shall be sufficiently given if made by hand delivery, by telex, by nationally recognized overnight courier service, by telecopy or email or registered or certified mail, postage prepaid, return receipt requested, addressed as follows: 

if to the Issuer: 
 CoreCivic,
Inc. 
 10 Burton Hills Boulevard 

Nashville, Tennessee 37215 

Telecopier No.: (615) 263-3170 

Attention: David Garfinkle 

with a copy to: 
 Bass,
Berry & Sims PLC 
 150 Third Avenue South, Suite 2800 

Nashville, Tennessee 37201 

Telecopier No.: (615) 742-7275 

Attention: F. Mitchell Walker, Jr. 

  
 -45- 

 if to the Trustee: 

U.S. Bank National Association 

One Federal Street, 3rd Floor 

Boston, Massachusetts 02110 

Telecopier No.: (617) 603-6672 

Attention: David W. Doucette, Vice President 

The Issuer and the Trustee by written notice to each other such Person may designate additional or different addresses for notices to such
Person. Any notice or communication to the Issuer and the Trustee shall be deemed to have been given or made as of the date so delivered if personally delivered; when replied to; when receipt is acknowledged, if telecopied; five (5) Business
Days after mailing if sent by registered or certified mail, postage prepaid (except that a notice of change of address shall not be deemed to have been given until actually received by the addressee); and next Business Day if by nationally
recognized overnight courier service. 
 Any notice or communication mailed to a Holder shall be mailed to such Holder by first class mail
or other equivalent means at such Holder’s address as it appears on the registration books of the Registrar and shall be sufficiently given to him if so mailed within the time prescribed. 

Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders. If a
notice or communication is mailed in the manner provided above, it is duly given, whether or not the addressee receives it. 
 SECTION
12.03.    Communications by Holders with Other Holders. Holders may communicate pursuant to Trust Indenture Act § 312(b) with other Holders with respect to their rights under this Indenture, the Notes or the
Subsidiary Guarantees. The Issuer, the Trustee, the Registrar and any other Person shall have the protection of Trust Indenture Act § 312(c). 

SECTION 12.04.    Certificate and Opinion as to Conditions Precedent. Upon any request or application by the Issuer
to the Trustee to take any action under this Indenture, the Issuer shall furnish to the Trustee at the request of the Trustee: 

(1)    an Officer’s Certificate, in form and substance reasonably satisfactory to the Trustee, stating
that, in the opinion of the signers, all conditions precedent to be performed or effected by the Issuer, if any, provided for in this Indenture relating to the proposed action have been complied with; and 

(2)    an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent
have been complied with. 
 SECTION 12.05.    Statements Required in Certificate or Opinion. Each certificate or
opinion with respect to compliance with a condition or covenant provided for in this Indenture, other than the Officer’s Certificate required by Section 4.04, shall include: 

(1)    a statement that the Person making such certificate or opinion has read such covenant or condition;

 (2)    a brief statement as to the nature and scope of the examination or investigation upon which the
statements or opinions contained in such certificate or opinion are based; 

  
 -46- 

 (3)    a statement that, in the opinion of such Person, he or
she has made such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been complied with or satisfied; and 

(4)    a statement as to whether or not, in the opinion of such Person, such condition or covenant has been
complied with; provided, however, that with respect to matters of fact, an Opinion of Counsel may rely on an Officer’s Certificate or certificates of public officials. 

SECTION 12.06.    Rules by Paying Agent or Registrar. The Paying Agent or Registrar may make reasonable rules and
set reasonable requirements for their functions. 
 SECTION 12.07.    No Personal Liability of Directors, Officers,
Employees and Stockholders. No past, present or future director, officer, employee, incorporator or stockholder of the Issuer or any Guarantor, as such, will have any liability for any obligations of the Issuer or the Guarantors under the Notes,
this Indenture, the Subsidiary Guarantees, or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are
part of the consideration for issuance of the Notes. The waiver may not be effective to waive liabilities under the federal securities laws. 

SECTION 12.08.    Legal Holidays. In any case where any date on which a payment under this Indenture or the Notes
is required to be made shall not be a Business Day, then (notwithstanding any other provision of this Indenture or of the Notes) payment of principal, premium, if any, and interest need not be made on such date, but may be made on the next
succeeding Business Day with the same force and effect as if made on the first such date, and no interest shall accrue on such payment for the intervening period. 

SECTION 12.09.    Governing Law; Waiver of Jury Trial. This Indenture, the Notes and the Subsidiary Guarantees will
be governed by and construed in accordance with the laws of the State of New York. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding
arising out of or relating to this Indenture, the Notes, the Subsidiary Guarantees or the transaction contemplated hereby. 
 SECTION
12.10.    No Adverse Interpretation of Other Agreements. This Indenture may not be used to interpret another indenture, loan or debt agreement of any of the Issuer or any of its Subsidiaries. Any such indenture, loan or
debt agreement may not be used to interpret this Indenture. 
 SECTION 12.11.    [Reserved]. 

SECTION 12.12.    Successors. All agreements of the Issuer and the Subsidiary Guarantors in this Indenture, the
Notes and the Subsidiary Guarantees shall bind their respective successors. All agreements of the Trustee in this Indenture shall bind its successor. 

SECTION 12.13.    Duplicate Originals. All parties may sign any number of copies of this Indenture. Each signed
copy or counterpart shall be an original, but all of them together shall represent the same agreement. Delivery of an executed counterpart of a signature page to this Indenture by facsimile, .pdf transmission, email or other electronic means shall
be effective as delivery of a manually executed counterpart of this Indenture. 
 SECTION 12.14.    Severability.
To the extent permitted by applicable law, in case any one or more of the provisions in this Indenture, in the Notes or in the Subsidiary Guarantees shall be held invalid, illegal or unenforceable, in any respect for any reason, the validity,
legality and enforceability of any 

  
 -47- 

 
such provision in every other respect and of the remaining provisions shall not in any way be affected or impaired thereby, it being intended that all of the provisions hereof shall be
enforceable to the full extent permitted by law. 
 SECTION 12.15.    U.S.A. Patriot Act. The parties hereto
acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record
information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for
the Trustee to satisfy the requirements of the U.S.A. Patriot Act. 
 SECTION 12.16.    Force Majeure. In no
event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including without limitation, strikes, work
stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions or utilities, communications or computer (software and hardware) services; it
being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

[signature pages follow] 

  
 -48- 

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

			
	CORECIVIC, INC.
		
	By:	 	 /s/ David M. Garfinkle

	Name:	 	David M. Garfinkle
	Title:	 	 Executive Vice President &
 Chief
Financial Officer

  
 S-1 

 
			
	GUARANTORS
	
	ACS CORRECTIONS OF TEXAS, L.L.C.
	 AVALON CORPUS CHRISTI TRANSITIONAL

          CENTER, LLC

	AVALON TULSA, L.L.C.
	CARVER TRANSITIONAL CENTER, L.L.C.
	EP HORIZON MANAGEMENT, LLC
	FORT WORTH TRANSITIONAL CENTER, L.L.C.
	 SOUTHERN CORRECTIONS SYSTEMS OF

          WYOMING, L.L.C.

	TURLEY RESIDENTIAL CENTER, L.L.C.
	
	By: Avalon Correctional Services, Inc.,
	Its sole member
		
	By:	 	 /s/ David M. Garfinkle

	Name:	 	David M. Garfinkle
	Title:	 	 Executive Vice President &
 Chief
Financial Officer

	
	CORECIVIC TRS, LLC
	CCA SOUTH TEXAS, LLC
	CORECIVIC, LLC
	
	By: CoreCivic, Inc.,
	Its sole member or sole stockholder, as applicable
		
	By:	 	 /s/ David M. Garfinkle

	Name:	 	David M. Garfinkle
	Title:	 	 Executive Vice President &
 Chief
Financial Officer

	
	CORECIVIC OF TENNESSEE, LLC
		
	By:	 	 /s/ David M. Garfinkle

	Name:	 	David M. Garfinkle
	Title:	 	 Executive Vice President &
 Chief
Financial Officer

  
 S-2 

 
			
	TRANSCOR AMERICA, LLC
		
	By:	 	
/s/ David M. Garfinkle               
                             

	Name:	 	David M. Garfinkle
	Title:	 	 Executive Vice President &
 Chief
Financial Officer

	
	AVALON TRANSITIONAL CENTER DALLAS, LLC
	CCA HEALTH SERVICES, LLC
	CCA INTERNATIONAL, LLC
	CORRECTIONAL ALTERNATIVES, LLC
	PRISON REALTY MANAGEMENT, LLC
	 TECHNICAL AND BUSINESS INSTITUTE OF

          AMERICA, LLC

		
	By:	 	CoreCivic of Tennessee, LLC,
		 	Its sole member
		
	By:	 	 /s/ David M. Garfinkle

	Name:	 	David M. Garfinkle
	Title:	 	 Executive Vice President &
 Chief
Financial Officer

	
	AVALON CORRECTIONAL SERVICES, INC.
		
	By:	 	 /s/ David M. Garfinkle

	Name:	 	David M. Garfinkle
	Title:	 	 Executive Vice President &
 Chief
Financial Officer

	
	CORRECTIONAL MANAGEMENT, INC.
		
	By:	 	 /s/ David M. Garfinkle

	Name:	 	David M. Garfinkle
	Title:	 	 Executive Vice President &
 Chief
Financial Officer

  
 S-3 

 
			
	U.S. BANK NATIONAL ASSOCIATION, as Trustee,
		
	By:	 	
/s/ David W. Doucette               
                             

	Name:	 	David W. Doucette
	Title:	 	Vice President

  
 S-4 

 EXHIBIT A 

[Insert the Global Note legend, if applicable pursuant to the provisions of the Indenture] 

CORECIVIC, INC. 
 4.75% Senior
Notes due 2027 
  

			
	 CUSIP No. [    ]
	  	$[        ]

 CORECIVIC, INC., a Maryland corporation (the “Issuer”), for value received promise to pay to
Cede & Co., or its registered assigns, the principal sum of [        ] DOLLARS [or such other amount as is provided in a schedule attached hereto]1
on October 15, 2027. 
 Interest Payment Dates: April 15 and October 15, commencing April 15, 2018. 

Record Dates: April 1 and October 1. 

Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same effect as if set forth at
this place. 
 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by its duly authorized officer.

 Dated: 
  

			
	 CORECIVIC, INC.

as Issuer,

		
	 By:
	 	
              
                                       

	 Name:
	 	
	 Title:
	 	

  

	1 	This language should be included only if the Note is issued in global form. 

  
 A-1 

 [FORM OF] TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the 4.75% Senior Notes due 2027 described in the within-mentioned Indenture. 

Dated: 
 U.S. BANK NATIONAL ASSOCIATION, 

as Trustee, 
  

			
	 By:
	 	  

		 	Authorized Signatory

  
 A-2 

 (Reverse of Note) 

4.75% Senior Notes due 2027 

Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

SECTION 1.    Interest. CoreCivic, Inc., a Maryland corporation (the “Issuer”), promises to pay
interest on the principal amount of this Note at 4.75% per annum from October 13, 2017, until maturity. The Issuer will pay interest semi-annually on April 15 and October 15 of each year, or if any such day is not a Business Day, on
the next succeeding Business Day (each an “Interest Payment Date”), commencing April 15, 2018. Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from
October 13, 2017. The Issuer shall pay interest on overdue principal and premium, if any, from time to time on demand to the extent lawful at the interest rate applicable to the Notes; it shall pay interest on overdue installments of interest
(without regard to any applicable grace periods) from time to time on demand at the same rate to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 
 SECTION 2.    Method of Payment. The Issuer will pay interest
on the Notes to the Persons who are registered Holders at the close of business on the April 1 or October 1 next preceding the Interest Payment Date, even if such Notes are canceled after such record date and on or before such Interest
Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest. The Notes will be issued in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The Issuer shall pay principal,
premium, if any, and interest on the Notes in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts (“U.S. Legal Tender”). Principal, premium, if any,
and interest on the Notes will be payable at the office or agency of the Issuer maintained for such purpose except that, at the option of the Issuer, the payment of interest may be made by check mailed to the Holders at their respective addresses
set forth in the register of Holders of Notes. Until otherwise designated by the Issuer, the Issuer’s office or agency will be the office of the Trustee maintained for such purpose. 

SECTION 3.    Paying Agent and Registrar. Initially, U.S. Bank National Association, the Trustee under the
Indenture, will act as Paying Agent and Registrar. The Issuer may change any Paying Agent or Registrar without notice to any Holder. Except as provided in the Indenture, the Issuer or any of its Subsidiaries may act in any such capacity. 

SECTION 4.    Indenture. The Issuer issued the Notes under an Indenture dated as of September 25, 2015
(“Base Indenture”) between the Issuer and the Trustee, as supplemented by a Second Supplemental Indenture dated as of October 13, 2017 (the “Supplemental Indenture” and, together with the Base Indenture, the
“Indenture”) among the Issuer, the Guarantors and the Trustee. Subject to the terms of the Indenture, the Issuer shall be entitled to issue Additional Notes pursuant to Section 2.01 of the Indenture. The terms of the Notes
include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb) (the “Trust Indenture Act”). The Notes are subject
to all such terms, and Holders are referred to the Indenture and the Trust Indenture Act for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture
shall govern and be controlling. 
 SECTION 5.    Optional Redemption. Prior to July 15, 2027, the Issuer
will be entitled at its option to redeem all or any portion of the Notes at a redemption price equal to the greater of (a) 100% of the aggregate principal amount of such Notes and (b) the Applicable Premium, as of, and any accrued and unpaid
interest to, but not including, the Redemption Date (subject to the right of each Holder on the relevant 

  
 A-3 

 
Record Date to receive interest due on the relevant Interest Payment Date). On or after July 15, 2027, the Issuer will be entitled at its option to redeem all or any portion of the Notes at
a redemption price equal to 100% of the principal amount of such Notes plus any accrued and unpaid interest to, but not including, the Redemption Date (subject to the right of each Holder on the relevant Record Date to receive interest due on the
relevant Interest Payment Date). 
 SECTION 6.    Notice of Redemption. Subject to Section 3.03 of the
Indenture, notice of any optional redemption of any Notes will be given to holders at their addresses, as shown in the Notes register, not more than 60 nor less than 30 days prior to the date fixed for redemption, except that redemption notices may
be mailed more than 60 days prior to the date fixed for redemption if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of the Indenture pursuant to Article Eight or Article Eleven of the Indenture.
The notice of redemption will specify, among other items, the redemption price and the principal amount of the Notes held by the holder to be redeemed. No Notes of $2,000 or less shall be redeemed in part. On and after the Redemption Date interest
ceases to accrue on Notes or portions thereof called for redemption subject to Section 3.04 of the Indenture. 
 SECTION
7.    Mandatory Redemption and Special Mandatory Redemption. The Issuer shall not be required to make mandatory redemption or sinking fund payments with respect to the Notes. 

SECTION 8.    Repurchase at Option of Holder. If there is a Change of Control, the Issuer will be required to make
an offer (a “Change of Control Offer”) to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of each Holder’s Notes at a purchase price equal to 101% of the aggregate principal
amount thereof plus accrued and unpaid interest thereon, if any, to the date of purchase (the “Change of Control Payment”). Within 10 Business Days following any Change of Control, the Issuer will mail a notice to each Holder
setting forth the procedures governing the Change of Control Offer as required by the Indenture. 
 SECTION
9.    Denominations, Transfer Exchange. The Notes are in registered form without coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may
be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Issuer may require a Holder to pay any taxes and fees required by
law or permitted by the Indenture. The Issuer and the Registrar are not required to transfer or exchange any Note selected for redemption. Also, the Issuer and the Registrar are not required to transfer or exchange any Notes for a period of 15 days
before a selection of Notes to be redeemed. 
 SECTION 10.    Persons Deemed Owners. The registered Holder of a
Note may be treated as its owner for all purposes. 
 SECTION 11.    Amendment, Supplement and Waiver. Subject to
certain exceptions, the Indenture, the Subsidiary Guarantees or the Notes may be amended or supplemented with the consent of the Holders of at least a majority in principal amount of the then outstanding Notes and Additional Notes, if any, voting as
a single class (including, without limitation, consents obtained in connection with a tender offer or exchange offer for, or purchase of, the Notes), and any existing default or compliance with any provision of the Indenture, the Subsidiary
Guarantees or the Notes may be waived with the consent of the Holders of a majority in aggregate principal amount of the then outstanding Notes and Additional Notes, if any, voting as a single class (including, without limitation, consents obtained
in connection with a tender offer or exchange offer for, or purchase of, the Notes). Without the consent of any Holder of a Note, the Indenture, the Subsidiary Guarantees or the Notes may be amended or supplemented to cure any ambiguity, defect or
inconsistency, to provide for uncertificated Notes in addition to or in place of certificated Notes, to provide for the assumption of the Issuer’s or any Guarantor’s obligations to Holders of the

  
 A-4 

 
Notes in case of a merger or consolidation or sale of substantially all of the Issuer’s assets to make any change that would provide any additional rights or benefits to the Holders of the
Notes or that does not adversely affect the legal rights under the Indenture of any such Holder, to comply with the requirements of the SEC in order to effect or maintain the qualification of the Indenture under the Trust Indenture Act, to conform
the text of the Indenture, the Subsidiary Guarantees or the Notes to any provision contained in the “Description of Notes” in the Prospectus Supplement, to provide for the Issuance of Additional Notes in accordance with the limitations set
forth in the Indenture, or to allow any Subsidiary to execute a supplemental indenture for the purpose of providing a Subsidiary Guarantee in accordance with the provisions of the Indenture. 

SECTION 12.    Defaults and Remedies. Events of Default include: (i) default for 30 days in the payment when
due of interest on the Notes; (ii) default in payment when due of principal of or premium, if any, on the Notes, (iii) failure by the Issuer to comply with Sections 4.07 or 5.01 of the Indenture; (iv) failure by the Issuer or any
Guarantor for 60 consecutive days after written notice to the Issuer by the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding voting as a single class to comply with any other agreement in the
Indenture; (v) default under certain other agreements relating to Indebtedness of the Issuer or any Guarantor (or the payment of which is guaranteed by the Issuer or a Guarantor) which default (A) is caused by a Payment Default or
(B) results in the acceleration of such Indebtedness prior to its express maturity, and, in each case, the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness under which there has been a
Payment Default or the maturity of which has been so accelerated, aggregates $50.0 million or more; (vi) failure by the Issuer or any Guarantor to pay final judgments which judgments are not paid, discharged or stayed for a period of 60
days; (vii) certain events of bankruptcy or insolvency with respect to the Issuer or any of its Subsidiaries that are Significant Subsidiaries or any group of Subsidiaries that, taken together, would constitute a Significant Subsidiary; and
(ix) except as permitted by the Indenture, any Subsidiary Guarantee shall be held in any judicial proceeding to be unenforceable or invalid or shall cease for any reason to be in full force and effect or any Guarantor or any Person acting on
its behalf shall deny or disaffirm its obligations under such Guarantor’s Subsidiary Guarantee. If any Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the then outstanding Notes may
declare all the Notes to be due and payable. Notwithstanding the foregoing, in the case of an Event of Default arising from certain events of bankruptcy or insolvency with respect to the Issuer or any Subsidiary that is a Significant Subsidiary or
any group of Subsidiaries that, taken together, would constitute a Significant Subsidiary, all outstanding Notes will become due and payable without further action or notice. Holders may not enforce the Indenture or the Notes except as provided in
the Indenture. Subject to certain limitations, Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of the Notes notice
of any continuing Default or Event of Default (except a Default or Event of Default relating to the payment of principal or interest) if it determines that withholding notice is in their interest. The Holders of a majority in aggregate principal
amount of the Notes then outstanding by notice to the Trustee may on behalf of the Holders of all of the Notes waive any existing Default or Event of Default and its consequences under the Indenture except a continuing Default or Event of Default in
the payment of interest on, or premium on, or the principal of, the Notes. The Issuer is required to deliver to the Trustee annually a written statement regarding compliance with the Indenture, and the Issuer is required upon any Officer becoming
aware of any Default or Event of Default, to deliver to the Trustee a written statement specifying such Default or Event of Default. 

SECTION 13.    Restrictive Covenants. The Indenture contains certain covenants as set forth in Article Four of the
Indenture. 

  
 A-5 

 SECTION 14.    No Personal Liability of Directors, Officers, Employees and
Stockholders. No past, present or future director, officer, employee, incorporator or stockholder of the Issuer or any Guarantor, as such, will have any liability for any obligations of the Issuer or the Guarantors under the Notes, this
Indenture, the Subsidiary Guarantees, or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of
the consideration for issuance of the Notes. The waiver may not be effective to waive liabilities under the federal securities laws. 

SECTION 15.    Subsidiary Guarantees. This Note will be entitled to the benefits of certain Subsidiary Guarantees
made for the benefit of the Holders. Reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and obligations thereunder of the Guarantors, the Trustee and the Holders. 

SECTION 16.    Authentication. This Note shall not be valid until authenticated by the manual signature of the
Trustee or an authenticating agent. 
 SECTION 17.    Abbreviations. Customary abbreviations may be used in the
name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entirety), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to
Minors Act). 
 SECTION 18.    CUSIP and ISIN Numbers. Pursuant to a recommendation promulgated by the Committee
on Uniform Security Identification Procedures, the Issuer has caused CUSIP and ISIN numbers to be printed on the Notes and the Trustee may use CUSIP or ISIN numbers in notices of redemption as a convenience to Holders. No representation is made as
to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 

SECTION 19.    Governing Law. This Note shall be governed by, and construed in accordance with, the laws of the
State of New York. 
 The Issuer will furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be
made to: 
 CoreCivic, Inc. 

10 Burton Hills Boulevard 

Nashville, Tennessee 37215 

Attention: David M. Garfinkle 

  
 A-6 

 ASSIGNMENT FORM 

I or we assign and transfer this Note to
                                         
                    (Print or type name, address and zip code of assignee or transferee) 

 
  

(Insert Social Security or other identifying number of assignee or transferee) 

and irrevocably appoint
                             agent to transfer this Note on the books of the Issuer. The agent may
substitute another to act for him. 
 Dated:
                                     

 

			
	Signed:	 	  

		 	(Sign exactly as name appears on the other side of this Note)

  

			
	Signature Guarantee:	  	  

		  	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor program reasonably acceptable to the Trustee)

 In connection with any transfer of this Note occurring prior to the date which is the date following the
second anniversary of the original issuance of this Note, the undersigned confirms that it has not utilized any general solicitation or general advertising in connection with the transfer. 

  
 A-7 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Issuer pursuant to Section 4.07 of the Indenture, check the appropriate
box:  ☐ 
 If you want to elect to have only part of this Note purchased by the Issuer pursuant to Section 4.07 of the
Indenture, state the amount (in denominations of $2,000 and integral multiples of $1,000 in excess thereof):
$                         

Dated:
                                 

 

			
	Signed:	 	  

		 	(Sign exactly as name appears on the other side of this Note)

  

			
	Signature Guarantee:	  	  

		  	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor program reasonably acceptable to the Trustee)

  
 A-8 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL
NOTE2 
 The following exchanges of a part of this Global Note for an interest in
another Global Note or for a Physical Note, or exchanges of a part of another Global Note or Physical Note for an interest in this Global Note, have been made: 
  

									
	 Date of Exchange
	  	 Amount of decrease

in Principal amount
 of this Global
Note
	  	 Amount of increase in

Principal Amount of
 this Global
Note
	  	 Principal Amount of

this Global Note
 following such

decrease (or
 increase)
	  	 Signature of

authorized officer
 of Trustee or

Custodian

		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  

	2 	This schedule should be included only if the Note is issued in global form. 

  
 A-9 

 EXHIBIT B 

SUBSIDIARY GUARANTEE 
 For value
received, each of the undersigned (including any successor Person under the Indenture) hereby unconditionally guarantees, jointly and severally, to the extent set forth in the Indenture (as defined below) to the Holder of this Note the payment of
principal, premium, if any, and interest on this Note in the amounts and at the times when due and interest on the overdue principal, premium, if any, and interest, if any, of this Note when due, if lawful, and, to the extent permitted by law, the
payment or performance of all other obligations of the Issuer under the Indenture or the Notes, to the Holder of this Note and the Trustee, all in accordance with and subject to the terms and limitations of this Note, the Indenture, including
Article Ten thereof, and this Subsidiary Guarantee. This Subsidiary Guarantee will become effective in accordance with Article Ten of the Indenture and its terms shall be evidenced therein. The validity and enforceability of any Subsidiary Guarantee
shall not be affected by the fact that it is not affixed to any particular Note. 
 Capitalized terms used but not defined herein shall have
the meanings ascribed to them in the Indenture dated as of September 25, 2015 (the “Base Indenture”), between CoreCivic, Inc., a Maryland corporation (the “Issuer”), and U.S. Bank National Association, a national
banking association organized and existing under the laws of the United States of America, as trustee (the “Trustee”), as amended and supplemented by the Second Supplemental Indenture dated as of October 13, 2017 (the
“Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), among the Issuer, the Guarantors named therein and the Trustee (the “Indenture”). 

The obligations of the undersigned to the Holders of Notes and to the Trustee pursuant to this Subsidiary Guarantee and the Indenture are
expressly set forth in Article Ten of the Indenture and reference is hereby made to the Indenture for the precise terms of the Subsidiary Guarantee and all of the other provisions of the Indenture to which this Subsidiary Guarantee relates. 

No director, officer, employee, incorporator, stockholder or controlling person or any successor Person thereof of any Guarantor, as such,
shall have any liability for any obligations of such Guarantors under such Guarantors’ Subsidiary Guarantee or the Indenture or for any claim based on, in respect of, or by reason of, such obligation or its creation. 

This Subsidiary Guarantee shall be governed by, and construed in accordance with, the laws of the State of New York. 

This Subsidiary Guarantee is subject to release upon the terms set forth in the Indenture. 

  
 B-1 

 IN WITNESS WHEREOF, each Guarantor has caused its Subsidiary Guarantee to be duly executed. 

 

			
	[            ]
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 B-2 

 EXHIBIT C 

FORM OF SUPPLEMENTAL INDENTURE 
 TO
BE DELIVERED BY SUBSEQUENT GUARANTORS 
 SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of
[            , 20    , among                     ] (the
“Guaranteeing Subsidiary”), a subsidiary of CoreCivic, Inc. (or its permitted successor), a Maryland corporation (the “Issuer”), the Issuer, the other Guarantors (as defined in the Indenture referred to herein) and
U.S. Bank National Association, as trustee under the indenture referred to below (the “Trustee”). 
 WITNESSETH 

WHEREAS, the Issuer has heretofore executed and delivered to the Trustee an Indenture dated as of September 25, 2015 (the “Base
Indenture”) between the Issuer and the Trustee, as amended and supplemented by a Second Supplemental Indenture dated as of October 13, 2017 (the “Supplemental Indenture” and, together with the Base Indenture, the
“Indenture”), providing for the issuance of the Issuer’s 4.75% Senior Notes due 2027 (the “Notes”); 

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a
supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Issuer’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Subsidiary
Guarantee”); and 
 WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this
Supplemental Indenture; 
 NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of
which is hereby acknowledged, the Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 

1.    CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the
Indenture. 
 2.    AGREEMENT TO GUARANTEE. The Guaranteeing Subsidiary hereby agrees as follows: 

(a)    Along with all Guarantors named in the Indenture, to jointly and severally unconditionally guarantee
to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns irrespective of the validity and enforceability of the Indenture, the Notes or the obligations of the Issuer hereunder or
thereunder, that: 
 (i)    the principal of, and premium, if any, and interest on the Notes will be
promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the Notes, if any, if lawful, and all other obligations of the Issuer to the Holders or the
Trustee hereunder or thereunder will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and 

(ii)    in case of any extension of time of payment or renewal of any Notes or any of such other
obligations, that same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. 

  
 C-1 

 Failing payment when due of any amount so guaranteed or any performance so
guaranteed for whatever reason, the Guarantors shall be jointly and severally obligated to pay the same immediately.     

(b)    The obligations hereunder shall be unconditional, irrespective of the validity, regularity or
enforceability of the Notes or the Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment against the Issuer, any
action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a Guarantor. 

(c)    The following is hereby waived: diligence, presentment, demand of payment, filing of claims with a
court in the event of insolvency or bankruptcy of the Issuer, any right to require a proceeding first against the Issuer, protest, notice and all demands whatsoever. 

(d)    This Subsidiary Guarantee shall not be discharged except by complete performance of the obligations
contained in the Notes and the Indenture, and the Guaranteeing Subsidiary accepts all obligations of a Guarantor under the Indenture. 

(e)    If any Holder or the Trustee is required by any court or otherwise to return to the Issuer, the
Guarantors, or any custodian, trustee, liquidator or other similar official acting in relation to either the Issuer or the Guarantors, any amount paid by either to the Trustee or such Holder, this Subsidiary Guarantee, to the extent theretofore
discharged, shall be reinstated in full force and effect. 
 (f)    The Guaranteeing Subsidiary shall not
be entitled to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. 

(g)    As between the Guarantors, on the one hand, and the Holders and the Trustee, on the other hand,
(x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article 6 of the Indenture for the purposes of this Subsidiary Guarantee, notwithstanding any stay, injunction or other prohibition preventing such
acceleration in respect of the obligations guaranteed hereby, and (y) in the event of any declaration of acceleration of such obligations as provided in Article 6 of the Indenture, such obligations (whether or not due and payable) shall
forthwith become due and payable by the Guarantors for the purpose of this Subsidiary Guarantee. 

(h)    The Guarantors shall have the right to seek contribution from any
non-paying Guarantor so long as the exercise of such right does not impair the rights of the Holders under the Subsidiary Guarantee. 

(i)    Pursuant to Section 10.02 of the Indenture, after giving effect to any maximum amount and all
other contingent and fixed liabilities that are relevant under any applicable (A) Bankruptcy or fraudulent conveyance laws or (B) any applicable state laws prohibiting shareholder distributions by an insolvent subsidiary to the extent
applicable, and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under Article 10 of the

  
 C-2 

 
Indenture, this new Subsidiary Guarantee shall be limited to the maximum amount permissible such that the obligations of such Guarantor under this Subsidiary Guarantee will not constitute a
fraudulent transfer or conveyance or an unlawful shareholder distribution. 
 3.    EXECUTION AND DELIVERY. To evidence
its Subsidiary Guarantee set forth herein, the Guaranteeing Subsidiary hereby agrees that a notation of such Subsidiary Guarantee substantially in the form attached as Exhibit B to the Indenture will be endorsed by an Officer of the Guaranteeing
Subsidiary on each Note authenticated and delivered by the Trustee. Each Guaranteeing Subsidiary agrees that the Subsidiary Guarantees shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such
Subsidiary Guarantee. 
 4.    RELEASES. 

(a)    The Guaranteeing Subsidiary will be released and relived of any obligations under its Subsidiary Guarantee, the
Indenture and the Notes (i) in the event of any sale or other disposition of all or substantially all of the assets of the Guaranteeing Subsidiary (including by way of merger, consolidation or otherwise) to a Person that is not (either before
or after giving effect to such transaction) a Subsidiary of the Issuer, (ii) a sale or other disposition of all of the Capital Stock of the Guaranteeing Subsidiary, in each case, to a Person that is not (either before or after giving effect to
such transactions) a Subsidiary of the Issuer, (iii) upon Legal Defeasance or Covenant Defeasance of the Notes pursuant to Article Eight of the Indenture or (iv) if the Guaranteeing Subsidiary is released from its guarantees under all
Credit Facilities of the Issuer or another Guarantor (including as a result of such Credit Facilities ceasing to be outstanding). Upon delivery by the Issuer to the Trustee of an Officers’ Certificate and an Opinion of Counsel to the effect
that the provisions of the Indenture and this Supplemental Indenture with respect to the release of such Guaranteeing Subsidiary have been satisfied, the Trustee shall execute any documents reasonably required in order to evidence the release of any
Guarantor from its obligations under its Subsidiary Guarantee. 
 (b)    Any Guarantor not released from its obligations
under its Subsidiary Guarantee shall remain liable for the full amount of principal of and interest on the Notes and for the other obligations of any Guarantor under the Indenture as provided in Article 10 of the Indenture. 

(c)    Nothing contained in the Indenture or in any of the Notes shall prevent any consolidation or merger of a Guarantor
with or into an Issuer (in which case such Guarantor shall no longer be a Guarantor) or another Guarantor or shall prevent any sale or conveyance of the property of a Guarantor as an entirety or substantially as an entirety to an Issuer or another
Guarantor. 
 6.    NO RECOURSE AGAINST OTHERS. No past, present or future director, officer, employee, incorporator,
stockholder or agent of the Guaranteeing Subsidiary, as such, shall have any liability for any obligations of the Issuer or any Guaranteeing Subsidiary under the Notes, any Subsidiary Guarantees, the Indenture or this Supplemental Indenture or for
any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the
Notes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the SEC that such a waiver is against public policy. 

7.    NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS
SUPPLEMENTAL INDENTURE BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

  
 C-3 

 8.    COUNTERPARTS. The parties may sign any number of copies of this
Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 

9.    EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction
hereof. 
 10.    THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the
validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary and the Issuer. 

  
 C-4 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed and attested, all as of the date first above written. 
 Dated:             ,
20     
  

			
	GUARANTEEING SUBSIDIARY
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	CORECIVIC, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	[EXISTING GUARANTORS]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	U.S. BANK NATIONAL ASSOCIATION as Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 C-5

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