Document:

Officers' Certificate

 Exhibit 4.2 
 MARATHON OIL CORPORATION 
 OFFICERS’ CERTIFICATE PURSUANT TO

 SECTIONS 1.02, 2.01, 3.01 AND 3.03 OF THE INDENTURE 

October 29, 2012 
 The undersigned, Janet F. Clark and Sylvia J. Kerrigan, do hereby certify that they are the duly appointed Executive Vice President and Chief Financial Officer and Vice President, General Counsel and
Secretary, respectively, of Marathon Oil Corporation, a Delaware corporation (the “Company”). This Officers’ Certificate is being executed and delivered (a) pursuant to Sections 1.02, 2.01, 3.01 and 3.03 of the Indenture, dated
as of February 26, 2002 (the “Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A., successor in interest to JPMorgan Chase Bank, as Trustee (the “Trustee”), and (b) in connection with
the order dated October 29, 2012 by the Company to the Trustee (the “Order”) for the authentication and delivery of the Company’s 0.900% Senior Notes Due 2015 and 2.800% Senior Notes Due 2022 (collectively, the
“Notes”). The undersigned hereby certify that: 
 1. As of October 24, 2012, the terms of the Notes (including the
form of the Notes) set forth in Annex A and Annex B hereto were established by an authorized committee of officers of the Company. 
 2. The undersigned have read Sections 1.02, 2.01, 3.01 and 3.03 of the Indenture and the definitions in the Indenture relating thereto. 

3. The statements made herein are based either upon the personal knowledge of the persons making this Certificate or on information, data
and reports furnished to such persons by the officers, counsel, department heads or employees of the Company who have knowledge of the facts involved. 
 4. The undersigned have examined the Order, and they have examined the covenants, conditions and provisions of the Indenture relating thereto. 

5. In the opinion of the undersigned, they have made such examination or investigation as is necessary to enable them to express an
informed opinion as to whether or not all covenants and conditions provided for in the Indenture with respect to the authentication and delivery by the Trustee of the Notes have been complied with. 

6. In the opinion of the undersigned, all covenants and conditions provided in the Indenture with respect to the authentication and
delivery by the Trustee of the Notes have been complied with. 

 IN WITNESS WHEREOF, the undersigned have executed this certificate effective as of the date
set forth above. 
  

	
	 /s/ Janet F. Clark

	Janet F. Clark
	 Executive Vice President and Chief Financial Officer

	

  

	
	 /s/ Sylvia J. Kerrigan

	Sylvia J. Kerrigan
	 Vice President, General Counsel and Secretary

 Annex A 
 MARATHON OIL CORPORATION 
 0.900% Senior Notes due 2015 

A series of Securities are hereby established pursuant to Section 3.01 of the Indenture dated as of February 26, 2002 between
Marathon Oil Corporation (the “Company”) and The Bank of New York Mellon Trust Company, N.A., successor in interest to JPMorgan Chase Bank (the “Trustee”), relating to senior debt securities of the Company (the
“Indenture”) as follows: 
 Each capitalized term used but not defined herein shall have the meaning assigned to such
term in the Indenture. 
 The title of such series of Securities shall be the “0.900% Senior Notes due 2015” (the
“Notes”). The Notes will be offered pursuant to the Indenture. The price to the public at which the Notes shall be issued is 99.988%. 
 The aggregate principal amount of the Notes that may be initially authenticated and delivered under the Indenture shall be $1,000,000,000 (except for Notes authenticated and delivered upon registration of
transfer of, or in exchange for, or in lieu of, other Notes pursuant to Section 3.04, 3.05, 3.06, 9.06 or 11.07 of the Indenture, and except for any Notes which, pursuant to Section 3.03 of the Indenture, shall be deemed never to have been
authenticated and delivered thereunder). 
 The date on which the principal of the Notes is due and payable, unless accelerated
pursuant to the Indenture, is November 1, 2015. 
 The Notes shall bear interest at the rate of 0.900% per annum. The
date from which interest shall accrue for the Notes shall be October 29, 2012. Interest shall be payable semiannually on May 1 and November 1 of each year (each, an “Interest Payment Date”), commencing May 1, 2013, to
each Person in whose name the Notes (or one or more Predecessor Securities) are registered at the close of business on the Regular Record Date for such interest, except that interest payable at Maturity shall be paid to the same Persons to whom
principal of the Notes is payable. The Regular Record Dates for interest payable on the Notes shall be April 15 or October 15 (as the case may be), whether or not a Business Day, immediately preceding an Interest Payment Date. Interest on
the Notes shall be calculated on the basis of a 360-day year consisting of twelve 30-day months. 
 The Notes shall be issuable
only in denominations of $1,000 and any integral multiple thereof. Subject to any prior conditions stated in the Indenture, the Notes shall be issued in definitive form. 
 The place or places where (a) the principal of, premium (if any) and interest on the Notes shall be payable, (b) the Notes may be surrendered for registration of transfer or for exchange and
(c) notices may be given to the Company in respect of the Notes, is the Corporate 

  
 A-1

 
Trust Office of the Trustee in New York, New York, or such other offices or agencies maintained for such purposes as the Company may designate from time to time and in accordance with the
Indenture; provided that payment of interest, other than at Maturity, may be made, at the option of the Company, by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or by electronic
funds transfer to an account maintained by the Person entitled thereto as such account shall appear in the Security Register. 

The Notes are subject to redemption upon not less than 30 nor more than 60 days’ notice by mail, in whole or in part, at the
election of the Company, at any time at a Redemption Price equal to the greater of (1) 100% of the principal amount of such Notes to be redeemed or (2) the sum of the present values of the remaining scheduled payments of principal and
interest on the Notes to be redeemed (exclusive of interest accrued to the date of redemption) discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the then current Treasury Rate
plus 10 basis points, plus, in either case, accrued and unpaid interest on the principal amount being redeemed to the Redemption Date. For purposes of the foregoing: 
 “Business Day” means any calendar day that is not a Saturday, Sunday or legal holiday in New York, New York or Houston, Texas and on which commercial banks are open for business in New York, New
York and Houston, Texas. 
 “Comparable Treasury Issue” means the United States Treasury security selected by an
Independent Investment Banker as having a maturity comparable to the remaining term (“Remaining Life”) of the Securities to be redeemed 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 Securities. 

“Comparable Treasury Price” means, with respect to any redemption date, (1) the average of the Reference Treasury Dealer
Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Trustee obtains fewer than five such Reference Treasury Dealer Quotations, the average of all such quotations.

 “Independent Investment Banker” means one of the Reference Treasury Dealers that the Company appoints to act as the
Independent Investment Banker from time to time. 
 “Reference Treasury Dealer” means each of Citigroup Global Markets
Inc., Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, RBS Securities Inc. and UBS Securities LLC and their respective successors which the Company specifies from time to time; provided, however, that if any of them
ceases to be a dealer in U.S. Government securities (each a “Primary Treasury Dealer”), the Company shall substitute therefor another Primary Treasury Dealer. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Trustee and agreed by the Company, 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 Trustee by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day
preceding such redemption date. 

  
 A-2

 “Treasury Rate” means, with respect to any redemption date, the rate per annum
equal to: (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; provided that, if no maturity is within three months before or after the Remaining Life of the Securities to be redeemed, yields for the two published maturities most closely
corresponding to the Comparable Treasury Issue shall be determined and the 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 Treasury Rate shall be calculated on the third Business Day preceding the redemption date. 

Notice of the redemption will be mailed to each Holder of the applicable series of Notes to be redeemed by first-class mail at least 30
but not more than 60 days prior to the Redemption Date. If fewer than all of the Notes are to be redeemed, then not more than 60 days prior to the Redemption Date, the particular Notes or portions thereof for redemption from the Outstanding Notes
not previously called will be selected in accordance with the procedures of The Depository Trust Company (“DTC”). 

The Notes are not subject to any sinking fund or analogous provisions. The Notes will not be redeemable at the option of the Holder
thereof prior to Maturity. 
 The Company will not pay additional amounts on any of the Notes to Holders in respect of any tax,
assessment or governmental charge withheld or deducted. 
 The Notes may be purchased only in currency of the United States and
payment of principal of, premium, (if any), and interest on the Notes will only be made in currency of the United States. 
 The
Events of Default and covenants specified in the Indenture will apply to the Notes without additions or changes. 
 One hundred
percent (100%) of the principal amount of the Notes will be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 5.02 of the Indenture. 

The defeasance and covenant defeasance provisions of Article XIII of the Indenture will apply to the Notes. 

  
 A-3

 The last paragraph of Section 10.05 of the Indenture shall be amended in its entirety
as follows: 
 “Notwithstanding the foregoing restriction contained in this Section 10.05, the Company may and may
permit its Subsidiaries to incur liens or grant Mortgages on property covered by the restriction above so long as the net book value of the property so encumbered, together with all property subject to the restriction on sale and leasebacks
contained in Section 10.06, does not, at the time such lien or Mortgage is granted, exceed fifteen percent (15%) of Consolidated Net Tangible Assets.” 
 The Notes shall be issued in the form of one or more Global Securities (the “Global Notes”). The Depository for the Global Notes shall be DTC, and the Global Notes shall be registered in the
name of DTC or Cede & Co., as a nominee of DTC. Except as set forth in Sections 2.03 or 3.05 of the Indenture, such Global Notes may only be transferred, in whole and not in part, to the Depository or another nominee of the Depository.

 The Trustee will initially act as the Security Registrar for the Notes and as the Paying Agent with respect to the Notes.

 The Notes and the Trustee’s certificate of authentication shall be substantially in the form of Exhibit 1 hereto.

  
 A-4

 Annex B 
 MARATHON OIL CORPORATION 
 2.800% Senior Notes due 2022 

A series of Securities are hereby established pursuant to Section 3.01 of the Indenture dated as of February 26, 2002 between
Marathon Oil Corporation (the “Company”) and The Bank of New York Mellon Trust Company, N.A., as successor in interest to JPMorgan Chase Bank (the “Trustee”), relating to senior debt securities of the Company (the
“Indenture”) as follows: 
 1. Each capitalized term used but not defined herein shall have the meaning assigned to
such term in the Indenture. 
 The title of such series of Securities shall be the “2.800% Senior Notes due 2022” (the
“Notes”). The Notes will be offered pursuant to the Indenture. The price to the public at which the Notes shall be issued is 99.757%. 
 The aggregate principal amount of the Notes that may be initially authenticated and delivered under the Indenture shall be $1,000,000,000 (except for Notes authenticated and delivered upon registration of
transfer of, or in exchange for, or in lieu of, other Notes pursuant to Section 3.04, 3.05, 3.06, 9.06 or 11.07 of the Indenture, and except for any Notes which, pursuant to Section 3.03 of the Indenture, shall be deemed never to have been
authenticated and delivered thereunder). 
 The date on which the principal of the Notes is due and payable, unless accelerated
pursuant to the Indenture, is November 1, 2022. 
 The Notes shall bear interest at the rate of 2.800% per annum. The
date from which interest shall accrue for the Notes shall be October 29, 2012. Interest shall be payable semiannually on May 1 and November 1 of each year (each, an “Interest Payment Date”), commencing May 1, 2013, to
each Person in whose name the Notes (or one or more Predecessor Securities) are registered at the close of business on the Regular Record Date for such interest, except that interest payable at Maturity shall be paid to the same Persons to whom
principal of the Notes is payable. The Regular Record Dates for interest payable on the Notes shall be April 15 or October 15 (as the case may be), whether or not a Business Day, immediately preceding an Interest Payment Date. Interest on
the Notes shall be calculated on the basis of a 360-day year consisting of twelve 30-day months. 
 The Notes shall be issuable
only in denominations of $1,000 and any integral multiple thereof. Subject to any prior conditions stated in the Indenture, the Notes shall be issued in definitive form. 

  
 B-1

 The place or places where (a) the principal of, premium (if any) and interest on the
Notes shall be payable, (b) the Notes may be surrendered for registration of transfer or for exchange and (c) notices may be given to the Company in respect of the Notes, is the Corporate Trust Office of the Trustee in New York, New York,
or such other offices or agencies maintained for such purposes as the Company may designate from time to time and in accordance with the Indenture; provided that payment of interest, other than at Maturity, may be made, at the option of the Company,
by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or by electronic funds transfer to an account maintained by the Person entitled thereto as such account shall appear in the Security
Register. 
 The Notes are subject to redemption upon not less than 30 nor more than 60 days’ notice by mail, in whole or
in part, at the election of the Company, at any time prior to August 1, 2022, at a Redemption Price equal to the greater of (1) 100% of the principal amount of such Notes to be redeemed or (2) the sum of the present values of the
remaining scheduled payments of principal and interest on the Notes to be redeemed (exclusive of interest accrued to the date of redemption) discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting of twelve
30-day months) at the then current Treasury Rate plus 20 basis points, plus, in either case, accrued and unpaid interest on the principal amount being redeemed to the Redemption Date. At any time on or after August 1, 2022, the Notes are
subject to redemption upon not less than 30 nor more than 60 days’ notice by mail, in whole or in part, at the election of the Company, at a Redemption Price equal to 100% of the principal amount of such Notes to be redeemed plus accrued and
unpaid interest on the principal amount being redeemed to the Redemption Date. For purposes of the foregoing: 
 “Business
Day” means any calendar day that is not a Saturday, Sunday or legal holiday in New York, New York or Houston, Texas and on which commercial banks are open for business in New York, New York and Houston, Texas. 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a
maturity comparable to the remaining term (“Remaining Life”) of the Securities to be redeemed 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 Securities. 
 “Comparable Treasury Price” means, with
respect to any redemption date, (1) the average of the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Trustee obtains fewer than
five such Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Independent Investment Banker”
means one of the Reference Treasury Dealers that the Company appoints to act as the Independent Investment Banker from time to time. 
 “Reference Treasury Dealer” means each of Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, RBS Securities Inc. and UBS Securities LLC and their
respective successors which the Company specifies from time to time; provided, however, that if any of them ceases to be a dealer in U.S. Government securities (each a “Primary Treasury Dealer”), the Company shall substitute
therefor another Primary Treasury Dealer. 

  
 B-2

 “Reference Treasury Dealer Quotations” means, with respect to each Reference
Treasury Dealer and any redemption date, the average, as determined by the Trustee and agreed by the Company, 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 Trustee by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such redemption date. 
 “Treasury Rate” means, with respect to any redemption date, the rate per annum equal to: (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; provided that, if no maturity is within three
months before or after the Remaining Life of the Securities to be redeemed, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue shall be determined and the 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 Treasury Rate shall be calculated on the third Business Day preceding the redemption date. 

Notice of the redemption will be mailed to each Holder of the applicable series of Notes to be redeemed by first-class mail at least 30
but not more than 60 days prior to the Redemption Date. If fewer than all of the Notes are to be redeemed, then not more than 60 days prior to the Redemption Date, the particular Notes or portions thereof for redemption from the Outstanding Notes
not previously called will be selected in accordance with the procedures of The Depository Trust Company (“DTC”). 

The Notes are not subject to any sinking fund or analogous provisions. The Notes will not be redeemable at the option of the Holder
thereof prior to Maturity. 
 The Company will not pay additional amounts on any of the Notes to Holders in respect of any tax,
assessment or governmental charge withheld or deducted. 
 The Notes may be purchased only in currency of the United States and
payment of principal of, premium, (if any), and interest on the Notes will only be made in currency of the United States. 
 The
Events of Default and covenants specified in the Indenture will apply to the Notes without additions or changes. 

  
 B-3

 One hundred percent (100%) of the principal amount of the Notes will be payable upon
declaration of acceleration of the Maturity thereof pursuant to Section 5.02 of the Indenture. 
 The defeasance and
covenant defeasance provisions of Article XIII of the Indenture will apply to the Notes. 
 The last paragraph of
Section 10.05 of the Indenture shall be amended in its entirety as follows: 
 “Notwithstanding the foregoing
restriction contained in this Section 10.05, the Company may and may permit its Subsidiaries to incur liens or grant Mortgages on property covered by the restriction above so long as the net book value of the property so encumbered, together
with all property subject to the restriction on sale and leasebacks contained in Section 10.06, does not, at the time such lien or Mortgage is granted, exceed fifteen percent (15%) of Consolidated Net Tangible Assets.” 

The Notes shall be issued in the form of one or more Global Securities (the “Global Notes”). The Depository for the Global
Notes shall be DTC, and the Global Notes shall be registered in the name of DTC or Cede & Co., as a nominee of DTC. Except as set forth in Sections 2.03 or 3.05 of the Indenture, such Global Notes may only be transferred, in whole and not
in part, to the Depository or another nominee of the Depository. 
 The Trustee will initially act as the Security Registrar for
the Notes and as the Paying Agent with respect to the Notes. 
 The Notes and the Trustee’s certificate of authentication
shall be substantially in the form of Exhibit 1 hereto. 

  
 B-4

 Exhibit 1 
 MARATHON OIL CORPORATION 

[            ]% Senior Notes Due
[            ] 
  

			
	No. [     ]	  	$[             ]
		
		  	CUSIP No. [             ]

 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE
NAME OF A DEPOSITARY OR NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY
OR A NOMINEE THEREOF, 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. 
 MARATHON OIL CORPORATION, a corporation duly organized and existing under the laws of the State of Delaware (herein called the “Company,” which term includes any successor Person under the
Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of [            ] Dollars
($[            ]) on [            ] and to pay interest thereon from October 29, 2012 or from the most recent Interest
Payment Date to which interest has been paid or duly provided for, semi-annually on May 1 and November 1 in each year commencing May 1, 2013, at the rate of [            ]%
per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name
this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, except that interest payable at Maturity shall be paid to the same Persons to whom principal of the Notes is
payable. The Regular Record Dates for interest payable on the Notes shall be April 15 or October 15 (whether or not a Business Day), as the case 

 
may be, immediately preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record
Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee,
notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on
which the Securities of this series may be listed, and upon such notice as may be required by such exchange all as more fully provided in said Indenture. 
 Payment of the principal of (and premium, if any) and interest on this Security will be made at the office or agency of the Company maintained for that purpose in New York, New York, 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; provided, however, that at the option of the Company payment of interest may be made by check mailed to the
address of the Person entitled thereto as such address shall appear in the Security Register or by electronic funds transfer to an account maintained by the Person entitled thereto as specified in the Security Register, provided that such Person
shall have given the Trustee written instructions. 
 Reference is hereby made to the further provisions of this Security set
forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the
Indenture or be valid or obligatory for any purpose. 

  
 2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal. 
 Dated:
                    . 
  

			
	MARATHON OIL CORPORATION
		
	By:	 	 
		
	Attest:	 	 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

 

			
	 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
 As Trustee

		
	By:	 	 
		 	Authorized Signatory

 MARATHON OIL CORPORATION 

[            ]% SENIOR NOTES DUE
[            ] 
 This Security is one of a duly authorized
issue of securities of the Company (herein called the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of February 26, 2002 (herein called the “Indenture,” which term shall have the
meaning assigned to it in such instrument), between the Company and The Bank of New York Mellon Trust Company, N.A., successor in interest to JPMorgan Chase Bank, as Trustee (herein called the “Trustee,” which term includes any successor
trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the
terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof initially limited in aggregate principal amount to $1,000,000,000. 

The Securities of this series are subject to redemption upon not less than 30 nor more than 60 days’ notice by mail, at any
time [for the 2015 Notes: prior to the Stated Maturity][for the 2022 Notes: prior to August 1, 2022, in whole or in part, at the election of the Company, at a Redemption Price equal to the greater of (1) 100% of the principal amount of
such Securities to be redeemed or (2) the sum of the present values of the remaining scheduled payments of principal and interest on the Securities to be redeemed (exclusive of interest accrued to the date of redemption) discounted to the date
of redemption on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the then current Treasury Rate plus [for the 2015 Notes: 10] /[for the 2022 Notes: 20] basis points, plus, in either case, accrued and unpaid
interest on the principal amount being redeemed to the date of redemption. [for the 2022 Notes: At any time on or after August 1, 2022, the Securities are subject to redemption prior to the Stated Maturity upon not less than 30 nor more than 60
days’ notice by mail, in whole or in part, at the election of the Company, at a Redemption Price equal to 100% of the principal amount of such Notes to be redeemed plus accrued and unpaid interest on the principal amount being redeemed to the
Redemption Date.] 
 “Business Day” means any calendar day that is not a Saturday, Sunday or legal holiday in New
York, New York or Houston, Texas and on which commercial banks are open for business in New York, New York and Houston, Texas. 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a
maturity comparable to the remaining team (“Remaining Life”) of the Securities to be redeemed 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 Securities. 

 “Comparable Treasury Price” means, with respect to any redemption date,
(1) the average of the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Trustee obtains fewer than five such Reference Treasury Dealer
Quotations, the average of all such quotations. 
 “Independent Investment Banker” means one of the Reference Treasury
Dealers that the Company appoints to act as the Independent Investment Banker from time to time. 
 “Reference Treasury
Dealer” means each of Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, RBS Securities Inc. and UBS Securities LLC and their respective successors which the Company specifies from time to time;
provided, however, that if any of them ceases to be a dealer in U.S. Government securities (each a “Primary Treasury Dealer”), the Company shall substitute therefor another Primary Treasury Dealer. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the
average, as determined by the Trustee and agreed by the Company, 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 Trustee by such Reference
Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such redemption date. 
 “Treasury
Rate” means with respect to any redemption date, the rate per annum equal to: (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; provided that, if no maturity is within three months before or after the Remaining Life of the
Securities to be redeemed, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue shall be determined and the 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 Treasury Rate shall be
calculated on the third Business Day preceding the redemption date. 
 Notice of the redemption will be mailed to holders of
Securities by first-class mail at least 30 but not more than 60 days prior to the Redemption Date. If fewer than all of the Securities are to be redeemed, then not more than 60 days prior to the Redemption Date, the particular Securities
or portions thereof for redemption from the outstanding Securities not previously called will be selected in accordance with the procedures of DTC. 

  
 3 

 Unless the Company defaults in payment of the redemption price, on or after the redemption
date, interest will cease to accrue on the Securities or portions thereof called for redemption. 
 In the event of redemption
of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 

The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Security or of certain restrictive
covenants and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture. 
 If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the
effect provided for in the Indenture. 
 The Indenture contains provisions permitting the Company and the Trustee to modify the
Indenture or any supplemental indenture without the consent of the Holders for one or more of the following purposes: (1) to evidence the succession of another corporation to the Company; (2) to add to the covenants of the Company;
(3) to add additional events of default for the benefit of Holders of all or any series of Securities; (4) to add to or change provisions of the Indenture to allow the issuance of Securities in other forms; (5) to add to, change or
eliminate any of the provisions of the Indenture in respect of one or more series of Securities thereunder, under certain conditions specified therein; (6) to secure the Securities pursuant to the requirements of Section 10.05 of the
Indenture or otherwise; (7) to establish the form or terms of Securities of any series as permitted by Sections 2.01 and 3.01 of the Indenture; (8) to evidence the appointment of a successor Trustee; and (9) to cure any ambiguity, to
correct or supplement any provision of the Indenture which may be defective or inconsistent with any other provision of the Indenture, or to make any other provisions with respect to matters or questions arising under the Indenture as shall not
adversely affect the interests of the Holders in any material respect. 
 The Indenture also permits, with certain exceptions as
therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee
with the consent of the Holders of not less than a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in
principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the
Indenture and their consequences. Any such consent or waiver by the 

  
 4 

 
Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in
exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 As provided
in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder,
unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this series at the
time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a
majority in principal amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of
indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein.

 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the
obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency, herein described. 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the
Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Security are payable, duly endorsed by, or accompanied by
a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series and of like
tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The Securities of this series are issuable only in registered form without coupons in denominations of $1,000 and any integral multiple thereof. As provided in the Indenture and subject to certain
limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same.

 No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a
sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

  
 5 

 Prior to due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent
shall be affected by notice to the contrary. 
 All terms used in this Security which are defined in the Indenture shall have
the meanings assigned to them in the Indenture. 

  
 6 

 FORM OF ASSIGNMENT 
 ABBREVIATIONS 
 Customary abbreviations may be used in the name of a
Securityholder or an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the entireties), JT TEN (=joint tenants with rights of survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors
Act). 
 Additional abbreviations may also be used though not in the above list. 

 
  

FOR VALUE RECEIVED, the undersigned hereby sell(s), 
 assign(s) and transfer(s) unto 
  

 
 Please insert
Social Security or 
 other identifying number of assignee 
 PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE 
  

					
	 	  		  	
	 	  		  	
	 	  		  	
	 	  		  	

 the within Security and all rights thereunder, hereby irrevocably constituting and appointing
                     attorney to transfer said Security on the books of the Company, with full power of substitution in the premises.

  

			
	Dated:	 	 
	
	Notice: This signature to the assignment must correspond with the name as written on the face of the within instrument in every particular, without alteration or
enlargement, or any change whatever.

  
 7 

 SCHEDULE OF INCREASES OR DECREASES IN THE PRINCIPAL AMOUNT 

OF SECURITIES 
 The original principal amount of this Security is [            ] U.S. Dollars
($[            ]). The following increases or decreases in the principal amount of this Security have been made: 

 

									
	 Date of

increase or

decrease
	  	 Amount of

decrease in

principal amount
 of this
 Security
	  	 Amount of

increase in

principal amount
 of this
 Security
	  	 Principal amount

of this

Security following
 such decrease
 (or increase)
	  	 Signature of

authorized

signatory of

Trustee or

Depositary

  
 8EX-10.30

 EXECUTION VERSION 

 
  

 
 CREDIT AGREEMENT 

dated as of 

September 28, 2012, 
 among 
 BURGER KING HOLDINGS, INC., 

BURGER KING CORPORATION, 
 as Borrower, 
 The Lenders Party Hereto, 

JPMORGAN CHASE BANK, N.A., 
 as Administrative Agent, 
 BARCLAYS BANK PLC and 

BANK OF AMERICA, N.A., 
 as Syndication Agents, 
 and 

COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK NEDERLAND”, NEW YORK BRANCH, 

HSBC BANK USA, N.A., 
 GOLDMAN SACHS BANK USA, CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, and 
 REGIONS BANK,

 as Documentation Agents 
  

 
 J.P. MORGAN
SECURITIES LLC, BARCLAYS BANK PLC and MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 
 as Joint Lead Arrangers and
Joint Bookrunners 
 COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK NEDERLAND”, NEW YORK BRANCH
and 
 HSBC BANK USA, N.A., 
 as Joint Lead Arrangers 
  

 
  

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	 ARTICLE I Definitions
	  	 	1	  
	 SECTION 1.01 Defined Terms
	  	 	1	  
	 SECTION 1.02 Classification of Loans and Borrowings
	  	 	39	  
	 SECTION 1.03 Terms Generally
	  	 	39	  
	 SECTION 1.04 Accounting Terms; GAAP
	  	 	40	  
	 SECTION 1.05 Pro Forma Calculations
	  	 	40	  
	 SECTION 1.06 Currency Translation
	  	 	40	  
		
	 ARTICLE II The Credits
	  	 	41	  
	 SECTION 2.01 Commitments
	  	 	41	  
	 SECTION 2.02 Loans and Borrowings
	  	 	42	  
	 SECTION 2.03 Requests for Borrowings
	  	 	42	  
	 SECTION 2.04 Swingline Loans
	  	 	43	  
	 SECTION 2.05 Letters of Credit
	  	 	45	  
	 SECTION 2.06 Funding of Borrowings
	  	 	50	  
	 SECTION 2.07 Interest Elections
	  	 	51	  
	 SECTION 2.08 Termination and Reduction of Commitments
	  	 	52	  
	 SECTION 2.09 Repayment of Loans; Evidence of Debt
	  	 	53	  
	 SECTION 2.10 Amortization of Term Loans
	  	 	54	  
	 SECTION 2.11 Prepayment of Loans
	  	 	55	  
	 SECTION 2.12 Fees
	  	 	59	  
	 SECTION 2.13 Interest
	  	 	60	  
	 SECTION 2.14 Alternate Rate of Interest
	  	 	61	  
	 SECTION 2.15 Increased Costs
	  	 	61	  
	 SECTION 2.16 Break Funding Payments
	  	 	62	  
	 SECTION 2.17 Taxes
	  	 	63	  
	 SECTION 2.18 Payments Generally; Pro Rata Treatment; Sharing of Setoffs
	  	 	65	  
	 SECTION 2.19 Mitigation Obligations; Replacement of Lenders
	  	 	66	  
	 SECTION 2.20 Incremental Facility
	  	 	67	  
	 SECTION 2.21 Defaulting Lenders
	  	 	69	  
	 SECTION 2.22 Extensions of Term Loans and Revolving Commitments
	  	 	71	  
		
	 ARTICLE III Representations and Warranties
	  	 	74	  
	 SECTION 3.01 Organization; Powers
	  	 	74	  
	 SECTION 3.02 Authorization; Enforceability
	  	 	74	  
	 SECTION 3.03 Governmental Approvals; No Conflicts
	  	 	74	  
	 SECTION 3.04 Financial Condition; No Material Adverse Change
	  	 	74	  
	 SECTION 3.05 Properties
	  	 	75	  
	 SECTION 3.06 Litigation and Environmental Matters
	  	 	75	  
	 SECTION 3.07 Compliance with Laws
	  	 	75	  
	 SECTION 3.08 Investment Company Status
	  	 	76	  
	 SECTION 3.09 Taxes
	  	 	76	  
	 SECTION 3.10 ERISA
	  	 	76	  
	 SECTION 3.11 Disclosure
	  	 	76	  
	 SECTION 3.12 Subsidiaries
	  	 	76	  
	 SECTION 3.13 Labor Matters
	  	 	76	  
	 SECTION 3.14 Solvency
	  	 	77	  

  
 i 

					
	 SECTION 3.15 Federal Reserve Regulations
	  	 	77	  
	 SECTION 3.16 Use of Proceeds
	  	 	77	  
	 SECTION 3.17 Regulation H
	  	 	77	  
	 SECTION 3.18 Security Documents
	  	 	77	  
	 SECTION 3.19 Senior Indebtedness
	  	 	78	  
	 SECTION 3.20 Certain Documents
	  	 	78	  
		
	 ARTICLE IV Conditions
	  	 	78	  
	 SECTION 4.01 Conditions to Initial Extension of Credit
	  	 	78	  
	 SECTION 4.02 Each Credit Event
	  	 	80	  
		
	 ARTICLE V Affirmative Covenants
	  	 	80	  
	 SECTION 5.01 Financial Statements and Other Information
	  	 	81	  
	 SECTION 5.02 Notices of Material Events
	  	 	83	  
	 SECTION 5.03 Information Regarding Collateral
	  	 	83	  
	 SECTION 5.04 Existence; Conduct of Business
	  	 	84	  
	 SECTION 5.05 Payment of Taxes
	  	 	84	  
	 SECTION 5.06 Maintenance of Properties
	  	 	84	  
	 SECTION 5.07 Insurance
	  	 	84	  
	 SECTION 5.08 Books and Records; Inspection and Audit Rights
	  	 	84	  
	 SECTION 5.09 Compliance with Laws
	  	 	84	  
	 SECTION 5.10 Environmental Laws
	  	 	84	  
	 SECTION 5.11 Additional Subsidiaries
	  	 	85	  
	 SECTION 5.12 Further Assurances
	  	 	85	  
	 SECTION 5.13 Designation of Subsidiaries
	  	 	85	  
	 SECTION 5.14 Additional Guarantors
	  	 	86	  
		
	 ARTICLE VI Negative Covenants
	  	 	86	  
	 SECTION 6.01 Indebtedness
	  	 	86	  
	 SECTION 6.02 Liens
	  	 	89	  
	 SECTION 6.03 Fundamental Changes
	  	 	91	  
	 SECTION 6.04 Investments, Loans, Advances, Guarantees and Acquisitions
	  	 	91	  
	 SECTION 6.05 Asset Sales
	  	 	94	  
	 SECTION 6.06 Swap Agreements
	  	 	96	  
	 SECTION 6.07 Restricted Payments; Certain Payments of Indebtedness
	  	 	96	  
	 SECTION 6.08 Transactions with Affiliates
	  	 	99	  
	 SECTION 6.09 Restrictive Agreements
	  	 	100	  
	 SECTION 6.10 Amendment of Material Documents
	  	 	101	  
	 SECTION 6.11 Interest Coverage Ratio
	  	 	101	  
	 SECTION 6.12 Total Leverage Ratio
	  	 	102	  
	 SECTION 6.13 Holdings Covenants
	  	 	102	  
		
	 ARTICLE VII Events of Default
	  	 	103	  
		
	 ARTICLE VIII The Administrative Agent
	  	 	106	  
		
	 ARTICLE IX Miscellaneous
	  	 	108	  
	 SECTION 9.01 Notices
	  	 	108	  
	 SECTION 9.02 Waivers; Amendments
	  	 	109	  
	 SECTION 9.03 Expenses; Indemnity; Damage Waiver
	  	 	110	  
	 SECTION 9.04 Successors and Assigns
	  	 	111	  

  
 ii 

					
	 SECTION 9.05 Survival
	  	 	116	  
	 SECTION 9.06 Counterparts; Integration
	  	 	116	  
	 SECTION 9.07 Severability
	  	 	117	  
	 SECTION 9.08 Right of Setoff
	  	 	117	  
	 SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process
	  	 	117	  
	 SECTION 9.10 WAIVER OF JURY TRIAL
	  	 	118	  
	 SECTION 9.11 Headings
	  	 	118	  
	 SECTION 9.12 Confidentiality
	  	 	118	  
	 SECTION 9.13 Interest Rate Limitation
	  	 	119	  
	 SECTION 9.14 USA Patriot Act
	  	 	119	  
	 SECTION 9.15 Conversion of Currencies
	  	 	119	  

  
 iii

 SCHEDULES: 
 Table of Contents 
  

					
	Schedule 1.01	  	—	 	Existing Letters of Credit
	Schedule 2.01	  	—	 	Commitments
	Schedule 3.06	  	—	 	Disclosed Matters
	Schedule 3.12	  	—	 	Subsidiaries
	Schedule 3.18(a)	  	—	 	UCC Filing Jurisdictions
	Schedule 6.01	  	—	 	Existing Indebtedness
	Schedule 6.02	  	—	 	Existing Liens
	Schedule 6.04	  	—	 	Existing Investments

  

					
	EXHIBITS:*	  		    	
	Exhibit A	  	—	    	Form of Assignment and Assumption
	Exhibit B	  	—	    	Form of Opinion of Associate General Counsel
	Exhibit B-2	  	—	    	Form of Opinion of Kirkland & Ellis LLP
	Exhibit C	  	—	    	Form of Collateral Agreement
	Exhibit D	  	—	    	Form of Perfection Certificate
	Exhibit E	  	—	    	Form of Compliance Certificate
	Exhibit F	  	—	    	Form of Closing Certificate
	Exhibit G	  	—	    	Form of Solvency Certificate
	Exhibit H	  	—	    	Form of Discounted Prepayment Option Notice
	Exhibit I	  	—	    	Form of Lender Participation Notice
	Exhibit J	  	—	    	Form of Discounted Voluntary Prepayment Notice
	Exhibit K	  	—	    	Form of Addenda (Tranche B Term Loans)
	Exhibit L	  	—	    	Form of Addenda (Tranche A Term Loans)

  

	*	Exhibits omitted will be provided upon request. 

  

  
 iv 

 CREDIT AGREEMENT dated as of September 28, 2012 (this “Agreement”),
among BURGER KING HOLDINGS, INC., BURGER KING CORPORATION, as the borrower (the “Borrower”), the LENDERS party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent, BARCLAYS BANK PLC and BANK OF AMERICA, N.A., as Syndication
Agents, and COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK NEDERLAND”, NEW YORK BRANCH, HSBC BANK USA, N.A., GOLDMAN SACHS BANK USA, CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH and REGIONS BANK, as Documentation Agents.

 The parties hereto hereby 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. 
 “Acceptable
Discount” has the meaning assigned to such term in Section 2.11(g). 
 “Acceptance Date” has the
meaning assigned to such term in Section 2.11(g). 
 “Acquired EBITDA” means, with respect to any Acquired
Entity or Business or any Converted Restricted Subsidiary for any period, the amount for such period of Consolidated EBITDA of such Acquired Entity or Business or Converted Restricted Subsidiary, as applicable, all as determined on a consolidated
basis for such Acquired Entity or Business or Converted Restricted Subsidiary, as applicable. 
 “Acquired Entity or
Business” has the meaning assigned to such term in the definition of Consolidated EBITDA. 
 “Additional
Guarantee” has the meaning assigned to such term in Section 5.14. 
 “Additional Guarantor” means
any Person that becomes a guarantor of the Loan Document Obligations in accordance with Section 5.14. 

“Additional Lender” has the meaning assigned to such term in Section 2.20(c). 

“Additional Revolving Commitment Incurrence”: has the meaning assigned to such term in Section 2.20(a). 

“Adjusted Eurocurrency Rate” means, with respect to any Eurocurrency Borrowing for any Interest Period, an interest rate
per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a)(i) for any Eurocurrency Borrowing denominated in U.S. Dollars or Sterling, the LIBO Rate, or (ii) for any Eurocurrency Borrowing denominated in Euros, the EURO LIBO
Rate, in each case in effect for such Interest Period, multiplied by (b) the Statutory Reserve Rate. 

 “Adjustment Date” means the date of delivery to the Administrative Agent of
the Borrower’s consolidated financial statements and related certificate of a Financial Officer delivered pursuant to Section 5.01(a) or (b). 
 “Administrative Agent” means JPMorgan Chase Bank, N.A., together with its affiliates, as the arranger of the Commitments and in its capacity as administrative agent for the Lenders
hereunder, 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 through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified, provided , however, that solely for
purposes of Section 6.08, the term “Affiliate” shall also include any person that directly, or indirectly through one or more intermediaries, owns 10% or more of any class of Equity Interests of the Person specified or that is an
executive officer or director of the Person specified. Notwithstanding the foregoing, no Sponsor or Sponsor Affiliate shall be deemed to be an Affiliate of any Loan Party other than for purposes of Section 6.08. 

“Alternate Base Rate” means, for any day, a rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) 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 Eurocurrency Rate that would be calculated as of such day (or, if such day is
not a Business Day, as of the next preceding Business Day) in respect of a proposed Eurocurrency Loan with an interest period of one month plus 1%; provided, however, that notwithstanding the rate calculated in accordance with the foregoing,
at no time shall the Alternate Base Rate for Tranche B Term Loans be deemed to be less than 2.00% per annum. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or such Adjusted Eurocurrency
Rate shall be effective from and including the opening of business on the day of such change in the Prime Rate, the Federal Funds Effective Rate or such Adjusted Eurocurrency Rate, respectively. 

“Alternative Currency” means Euro or Sterling. 
 “Alternative Currency Letter of Credit” means a Letter of Credit denominated in an Alternative Currency. 
 “Alternative Currency LC Exposure” means LC Exposure related to Alternative Currency Letters of Credit. 
 “Applicable Discount” has the meaning assigned to such term in Section 2.11(g). 
 “Applicable Percentage” means, at any time with respect to any Global Revolving Lender or any U.S. Revolving Lender, the percentage of the aggregate Global Revolving Commitments or
aggregate U.S. Revolving Commitments, as the case may be, represented by such Lender’s Global Revolving Commitment or U.S. Revolving Commitment, as the case may be, at such time; provided that in the case of Section 2.21 when a
Defaulting Lender shall exist, “Applicable Percentage” shall mean the percentage of the aggregate Global Revolving Commitments or aggregate U.S. Revolving Commitments, as the case may be (disregarding any Defaulting Lender’s Global
Revolving Commitment or U.S. Revolving Commitment, as the case may be), represented by such Lender’s Global Revolving Commitment or U.S. Revolving Commitment, as the case may be. 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 of Revolving Loans, LC Exposures and Swingline Exposures and to any Lender’s status as a Defaulting Lender
that occur after such termination or expiration. 

  
 2 

 “Applicable Rate” means (a) with respect to any Tranche A Term Loan,
(i) 1.25%, in the case of ABR Loans and (ii) 2.25%, in the case of Eurocurrency Loans, (b) with respect to any Tranche B Term Loan, (i) 1.75%, in the case of ABR Loans and (ii) 2.75%, in the case of Eurocurrency Loans and
(c) with respect to any Revolving Loan, (i) 2.25%, in the case of ABR Loans and (ii) 3.25%, in the case of Eurocurrency Loans; provided that, on and after the First Adjustment Date, the Applicable Rate with respect to Tranche A
Term Loans will be determined pursuant to the Pricing Grid. 
 Notwithstanding the foregoing, the Applicable Rate in respect of
any tranche of Extended Revolving Commitments or any Extended Term Loans or Revolving Loans made pursuant to any Extended Revolving Commitments shall be the applicable percentages per annum set forth in the relevant Extension Offer. 

“Approved Fund” has the meaning assigned to such term in Section 9.04(b). 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an assignee (with the
consent of any party whose consent is required by Section 9.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other form approved by the Administrative Agent. 

“Available Amount” means at any time (the “Available Amount Reference Time”), an amount (which shall
not be less than zero) equal to the sum of: 
 (a) the amount of Excess Cash Flow of the Borrower and the
Restricted Subsidiaries for the fiscal quarter of the Borrower ending on December 31, 2012 , minus the portion of such Excess Cash Flow that has been (or is required to be) applied after the Closing Date and prior to the Available Amount
Reference Time to the prepayment of Term Loans in accordance with Section 2.11(d); 
 (b) the greater of (i)(x) the
cumulative amount of Excess Cash Flow of the Borrower and the Restricted Subsidiaries for all fiscal years completed after the Closing Date (commencing with the first fiscal year ending on or after December 31, 2013) and prior to the Available
Amount Reference Time, minus (y) the portion of such Excess Cash Flow that has been (or is required to be) applied after the Closing Date and prior to the Available Amount Reference Time to the prepayment of Term Loans in accordance with
Section 2.11(d) and (ii) 50% of Consolidated Net Income for each fiscal quarter of the Borrower ending after the Closing Date and prior to the Available Amount Reference Time; plus 

(c) $137,000,000; plus 
 (d) after the completion of an IPO, $50,000,000; plus 
 (e) the amount of any
capital contributions or Net Proceeds from the sale or issuance of any Qualified Equity Interests (or issuance of debt securities that have been converted into or exchanged for Qualified Equity Interests) (other than any Cure Amount or any other
capital contributions or equity or debt issuances to the extent utilized in connection with other transactions permitted pursuant to Sections 6.04 or 6.07) received or made by the Borrower (or any direct or indirect parent thereof and contributed by
such parent to the Borrower) during the period from and including the Business Day immediately following the Closing Date through and including the Available Amount Reference Time; plus 

  
 3 

 (f) to the extent not (i) already included in the calculation of Consolidated Net
Income of the Borrower and the Restricted Subsidiaries or (ii) already reflected as a return of capital or deemed reduction in the amount of such Investment pursuant to clause (g) below, the aggregate amount of all cash dividends and other
cash distributions received by the Borrower or any Restricted Subsidiary from any Minority Investments or Unrestricted Subsidiaries (other than payments to cover the payment of Tax liabilities of Unrestricted Subsidiaries pursuant to
Section 6.07(a)(iv)(C)) during the period from and including the Business Day immediately following the Closing Date through and including the Available Amount Reference Time; plus 

(g) to the extent not (i) already included in the calculation of Consolidated Net Income of the Borrower and the Restricted
Subsidiaries, (ii) already reflected as a return of capital or deemed reduction in the amount of such Investment pursuant to clause (g) below, or (iii) used to prepay Term Loans in accordance with Section 2.11(c), the aggregate
amount of all Net Proceeds received by the Borrower or any Restricted Subsidiary in connection with the sale, transfer or other disposition of its ownership interest in any Minority Investment or Unrestricted Subsidiary during the period from and
including the Business Day immediately following the Closing Date through and including the Available Amount Reference Time; minus 
 (h) the aggregate amount of any Investments made pursuant to Section 6.04(q) (net of any return of capital in respect of such Investment or deemed reduction in the amount of such Investment
including, without limitation, upon the re-designation of any Unrestricted Subsidiary as a Restricted Subsidiary or the sale, transfer, lease or other disposition of any such Investment), any Restricted Payment made pursuant to
Section 6.07(a)(vi) or any payment made pursuant to Section 6.07(b)(v) during the period commencing on the Closing Date and ending on prior to the Available Amount Reference Time (and, for purposes of this clause (g), without taking
account of the intended usage of the Available Amount at such Available Amount Reference Time). 
 “Bankruptcy
Code” means Title 11 of the United States Code entitled “Bankruptcy”. 
 “Bankruptcy Event”
means, with respect to any Person, such Person or its Parent becomes the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person
charged with the reorganization or liquidation of its business appointed for it, or, in the good faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in,
any such proceeding or appointment, provided that a Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality
thereof, provided, further, that such ownership interest does not result in or provide 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 or its Parent. 

“BKW” means Burger King Worldwide, Inc. 
 “Board” means the Board of Governors of the Federal Reserve System of the United States of America. 
 “Borrower” has the meaning assigned to such term in the preamble hereto. 

  
 4 

 “Borrowing” means (a) Loans of the same Class, Type and currency,
made, converted or continued on the same date and, in the case of Eurocurrency Loans, as to which a single Interest Period is in effect, or (b) a Swingline Loan. 
 “Borrowing Minimum” means (a) in the case of a Borrowing denominated in U.S. Dollars, $5,000,000, (b) in the case of a Borrowing denominated in Euro, €5,000,000 and
(c) in the case of a Borrowing denominated in Sterling, £3,000,000. 
 “Borrowing Multiple” means
(a) in the case of a Borrowing denominated in U.S. Dollars, $1,000,000, (b) in the case of a Borrowing denominated in Euro, €1,000,000 and (c) in the case of a Borrowing denominated in Sterling, £1,000,000. 

“Borrowing Request” means a request by the Borrower for a Borrowing in accordance with Section 2.03. 

“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 (a) when used in connection with a Eurocurrency 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 , (b) when used in connection with any Loan denominated in any Alternative Currency, the term “Business Day” shall also include any day on which banks are open for dealings in deposits in Euro,
Sterling and U.S. Dollars in London and (c) when used in connection with a Loan denominated in Euro, the term “Business Day” shall also exclude any day on which the Trans-European Automated Real Time Gross Settlement Express Transfer
(TARGET) payment system is not open for the settlement of payments in Euro. 
 “Capital Expenditures” means,
for any period, (a) the additions to property, plant and equipment and other capital expenditures of the Borrower and the Restricted Subsidiaries that are (or should be) set forth in a consolidated statement of cash flows of the Borrower for
such period prepared in accordance with GAAP and (b) Capital Lease Obligations incurred by the Borrower and the Restricted Subsidiaries during such period, but excluding in each case any such expenditure (i) made to restore, replace or
rebuild property to the condition of such property immediately prior to any damage, loss, destruction or condemnation of such property, to the extent such expenditure is made with, or subsequently reimbursed out of, insurance proceeds, indemnity
payments, condemnation awards (or payments in lieu thereof) or damage recovery proceeds relating to any such damage, loss, destruction or condemnation, (ii) constituting reinvestment from the Reinvestment Deferred Amount, (iii) made by the
Borrower or any Restricted Subsidiary as payment of the consideration for a Permitted Acquisition, (iv) made to repair, renovate, alter, restore, replace or improve any restaurant or restaurant property acquired pursuant to a Permitted
Acquisition prior to the date that is 12 months after the date of completion of such Permitted Acquisition, (v) constituting a debt or equity investment in a Franchisee, (vi) made by the Borrower or any Restricted Subsidiary to effect
leasehold improvements to any property leased by the Borrower or such Restricted Subsidiary as lessee, to the extent that such expenses have been reimbursed by the landlord or any other third party and (vii) made with the Net Proceeds from the
issuance of Qualified Equity Interests. 
 “Capital Lease Obligations” of any Person means the obligations of
such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on
a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 

  
 5 

 “Casualty Event” means 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 assets of Holdings, the Borrower or any Restricted Subsidiary. 
 “Change in Control” means (a) the failure by Holdings to own, beneficially and of record, 100% of the Equity Interests in the Borrower, (b) (i) the acquisition of
ownership, directly or indirectly, beneficially or of record, by any Person or group (within the meaning of the Exchange Act and the rules of the SEC thereunder as in effect on the Closing Date) other than the Permitted Investors, of Equity
Interests representing more than 35% of either the aggregate ordinary voting power or the aggregate equity value represented by the issued and outstanding Equity Interests in Holdings, and (ii) the ownership, directly or indirectly,
beneficially or of record, by the Permitted Investors collectively of Equity Interests in Holdings representing in the aggregate a lesser percentage of either the aggregate ordinary voting power or the aggregate equity value represented by the
issued and outstanding Equity Interests in Holdings than such Person or group, (c) the occupation of a majority of the seats (other than vacant seats) on the board of directors of Holdings by Persons who were neither (i) nominated by a
majority of the board of directors of Holdings or one or more of the Permitted Investors nor (ii) appointed by directors so nominated or (d) the occurrence of a “Change of Control” (or similar event, however denominated), as
defined in (i) the Senior Note Documents, (ii) any indenture or agreement in respect of a Permitted Refinancing in respect of the Senior Note Documents, (iii) any Subordinated Debt Documents or (iv) any indenture or agreement in
respect of Indebtedness incurred under Section 6.01(xviii). 
 “Change in Law” means (a) the adoption
of any law, rule or regulation after the Closing Date, (b) any change in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the Closing Date, (c) compliance by any Lender or
Issuing Bank (or, for purposes of Section 2.15(b), by any lending office of such Lender or by such Lender’s or Issuing Bank’s holding company, if any) with any request, guideline or directive (whether or not having the force of law)
of any Governmental Authority made or issued after the Closing Date, (d) all requests, rules, guidelines, requirements and directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any
successor or similar authority) or by United States or foreign regulatory authorities, in each case pursuant to Basel III, regardless of the date enacted, adopted, issued or implemented and (e) the Dodd-Frank Wall Street Reform and Consumer
Protection Act and all requests, rules, guidelines, requirements and directives thereunder or issued in connection therewith or in implementation thereof, regardless of the date enacted, adopted, issued or implemented. 

“Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are Global Revolving Loans, U.S. Revolving Loans, Tranche A Term Loans, Tranche B Term Loans, Extended Tranche A Term Loans, Extended Tranche B Term Loans, Incremental Term Loans or Swingline Loans and, when used in reference to any
Commitment, refers to whether such Commitment is a Global Revolving Commitment, U.S. Revolving Commitment, Extended Revolving Commitment, Tranche A Commitment, Tranche B Commitment or a Commitment in respect of any Incremental Term Loans.
Incremental Term Loans that have different terms and conditions (together with the Commitments in respect thereof) shall be construed to be in different Classes. 
 “Class”, when used in reference to any Lender, refers to whether such Lender has a Loan or Commitment with respect to a particular Class. 

“CLO” has the meaning assigned to such term in Section 9.04(b). 

“Closing Date” means September 28, 2012. 
 “Code” means the Internal Revenue Code of 1986, as amended from time to time. 

  
 6 

 “Collateral” means any and all “Collateral”, as defined in any
applicable Security Document. 
 “Collateral Agreement” means the Guarantee and Collateral Agreement among
Holdings, the Borrower, the Subsidiary Loan Parties and the Administrative Agent, substantially in the form of Exhibit C. 

“Collateral and Guarantee Requirement” means, at any time, the requirement that: 

(a) the Administrative Agent shall have received from each Loan Party (i) either (x) a counterpart of the Collateral Agreement
duly executed and delivered on behalf of such Loan Party or (y) in the case of any Person that becomes a Loan Party after the Closing Date, a supplement to the Collateral Agreement, in the form specified therein, duly executed and delivered on
behalf of such Loan Party and (ii) with respect to any Loan Party that directly owns Equity Interests of a Foreign Subsidiary that is (A) a Restricted Subsidiary, (B) not a De Minimis Foreign Subsidiary and (C) domiciled in
Gibraltar or the United Kingdom or any other jurisdiction of organization of any entity that is a principal holding company of the Borrower’s non-United States operations, a counterpart of each Foreign Pledge Agreement that the Administrative
Agent determines, based on the advice of counsel, to be necessary or advisable in connection with the pledge of, or the granting of security interests in, Equity Interests of such Foreign Subsidiary, in each case duly executed and delivered on
behalf of such Loan Party and such Foreign Subsidiary; 
 (b) all outstanding Equity Interests of the Borrower and each
Restricted Subsidiary, in each case directly owned by or on behalf of any Loan Party, shall have been pledged pursuant to the Collateral Agreement or, if required pursuant to clause (a) above, a Foreign Pledge Agreement (except that the Loan
Parties shall not be required to pledge (i) more than 65% of the outstanding voting Equity Interests of any Foreign Subsidiary, (ii) the Equity Interests of any Foreign Subsidiary if the pledge of such Equity Interests would be prohibited
by applicable law, (iii) the Equity Interests of any Excluded Subsidiary or (iv) more than 65% of the outstanding non-voting perpetual Equity Interests issued to the Borrower by Burger King (Gibraltar) Limited) and, except as otherwise
agreed upon by the Administrative Agent, the Administrative Agent shall have received certificates or other instruments representing all such Equity Interests that are certificated (other than any such Equity Interests of De Minimis Foreign
Subsidiaries), together with undated stock powers or other instruments of transfer with respect thereto endorsed in blank; 

(c) to the extent required under the Collateral Agreement, all Indebtedness of the Borrower and each Subsidiary that is owing to any Loan
Party shall be evidenced by a promissory note or an instrument and shall have been pledged pursuant to the Collateral Agreement, and the Administrative Agent shall have received all such promissory notes or instruments, together with note powers or
other instruments of transfer with respect thereto endorsed in blank; 
 (d) all documents and instruments, including Uniform
Commercial Code financing statements, filings with the United States Copyright Office and the United States Patent and Trademark Office, required by law or reasonably requested by the Administrative Agent to be filed, registered or recorded to
create the Liens intended to be created by the Collateral Agreement and the Foreign Pledge Agreements and perfect such Liens to the extent required by, and with the priority required by, this Agreement, the Collateral Agreement and the Foreign
Pledge Agreements, shall have been filed, registered or recorded or delivered to the Administrative Agent for filing, registration or recording; and 
 (e) each Loan Party shall have obtained all consents and approvals required to be obtained by it in connection with the execution and delivery of all Security Documents to which it is a party, the
performance of its obligations thereunder and the granting by it of the Liens thereunder. 

  
 7 

 “Commitment” means (a) with respect to any Lender, such Lender’s
Global Revolving Commitment, U.S. Revolving Commitment, Extended Revolving Commitment, Tranche A Commitment, Tranche B Commitment or commitment in respect of any Incremental Term Loans or any combination thereof (as the context requires) and
(b) with respect to the Swingline Lender, its Swingline Commitment. 
 “Commitment Fee Rate” means
0.50% per annum; provided that on and after the First Adjustment Date, such rate shall be (i) 0.75% per annum if and as long as the Total Leverage Ratio at the most recent Adjustment Date is greater than or equal to 5.00 to
1.00, (ii) 0.625% if and as long as the Total Leverage Ratio at the most recent Adjustment Date is less than 5.00 to 1.00 and greater than or equal to 4.50 to 1.00 and (iii) 0.50% if and as long as the Total Leverage Ratio at the most
recent Adjustment Date is less than 4.50 to 1.00. 
 “Compliance Certificate” has the meaning assigned to it in
Section 5.01(c). 
 “Consolidated Depreciation and Amortization Expenses” means with respect to any Person
for any period, the total amount of depreciation and amortization expense, including the amortization of deferred financing fees or costs and the amortization of original issue discount resulting from the issuance of Indebtedness at less than par
and amortization of favorable or unfavorable lease assets or liabilities, of such Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP. 

“Consolidated EBITDA” means, with respect to any Person for any period, the Consolidated Net Income of such Person for
such period: 
 (a) increased (without duplication, including for purposes of determining Consolidated Net Income) by the
following, in each case (except with respect to clause (x) below) to the extent deducted in determining Consolidated Net Income for such period: 
 (i) provision for Income Taxes of such Person paid or accrued during such period; plus 
 (ii) Consolidated Interest Expense of such Person for such period (including (x) net losses or any obligations under any Swap Agreements or other derivative instruments entered into for the purpose
of hedging interest rate risk, (y) bank fees and (z) costs of surety bonds in connection with financing activities, plus amounts excluded from Consolidated Interest Expense as set forth in sub-clauses (w) to (z) of clause
(a) of the definition thereof); plus 
 (iii) any expenses (other than depreciation or amortization expense) related to any
equity offering, Investment, acquisition, disposition, or recapitalization permitted hereunder or the incurrence of Indebtedness permitted to be incurred hereunder (including a refinancing thereof) (whether or not successful), including
(A) such fees or expenses related to the offering of the Senior Notes, the Loans and any other credit facilities and (B) any amendment or other modification of the Senior Notes, the Loans and such other credit facilities; plus 

(iv) Consolidated Depreciation and Amortization Expense of such Person for such period; plus 

(v) any non-cash extraordinary, unusual or non-recurring expenses, charges or losses (including losses on asset sales outside of the
ordinary course of business); plus 
 (vi) (a) any cash extraordinary, unusual or non-recurring expenses, charges or losses
(including losses on asset sales outside of the ordinary course of business) and (b) any restructuring 

  
 8 

 
charges, integration costs or other business optimization expenses, costs associated with establishing new facilities or reserves, including any one-time costs incurred in connection with
acquisitions after the Closing Date, and costs related to the closure and/or consolidation of facilities; provided that the aggregate amount of all charges, expenses, costs and losses added back under this clause (vi) in any period of
four consecutive fiscal quarters shall not exceed 10% of Consolidated EBITDA for any period of four consecutive fiscal quarters; plus 
 (vii) any non-cash charges, expenses or losses (excluding charges, expenses or losses resulting from the write off or write down of inventory or other current assets) including any write offs or write
downs reducing Consolidated Net Income for such period (except to the extent such charges, expenses or losses represent an accrual of or reserve for cash expenses in any future period (provided that such charges, expenses or losses shall be
added back to Consolidated EBITDA in such future period), an amortization of a prepaid cash expense paid in a prior period (so long as such cash expense was added back to Consolidated EBITDA in such prior period)); plus 

(viii) 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; plus 
 (ix) the amount of management, monitoring, consulting and advisory fees
(including termination fees) and related indemnities and expenses paid or accrued in such period to the Sponsor to the extent permitted under the Loan Documents; plus 
 (x) the amount of “run-rate” cost savings projected by the Borrower in good faith and certified by the chief financial officer of the Borrower in writing to the Administrative Agent to result
from actions either taken or initiated prior to or during such period (which cost savings shall be calculated on a pro forma basis as though such cost savings had been realized on the first day of such period), net of the amount of actual benefits
realized or expected to be realized prior to or during such period from such actions; provided, that (A) the chief financial officer of the Borrower shall have certified to the Administrative Agent that (x) such cost savings are
reasonably identifiable, reasonably attributable to the actions specified and reasonably anticipated to result from such actions and (y) such actions have been taken or initiated and the benefits resulting therefrom are anticipated by the
Borrower to be realized within 12 months, (B) no cost savings shall be added pursuant to this clause (x) to the extent duplicative of any expenses or charges relating to such cost savings that are included in clause (vi) above with
respect to such period or duplicative of any Pro Forma Adjustment pursuant to the last paragraph of this definition and (C) the aggregate amount of cost savings added pursuant to this clause (x) shall not exceed 10% of Consolidated EBITDA
for any period of four consecutive fiscal quarters; plus 
 (xi) any costs or expense incurred by the Borrower or a Restricted
Subsidiary pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or agreement or any stock subscription or shareholder agreement, to the extent that such cost or expenses are funded with cash
proceeds contributed to the capital of the Borrower or Net Proceeds of an issuance of Equity Interests (other than Disqualified Equity Interests) of the Borrower; plus 
 (xii) any net loss from disposed or discontinued operations; plus 
 (xiii) cash
receipts (or any netting arrangements resulting in reduced cash expenditures) not representing Consolidated EBITDA or Consolidated Net Income in any period to the extent non-cash gains relating to such income were deducted in the calculation of
Consolidated EBITDA pursuant to paragraph (b) below for any previous period and not added back; 

  
 9 

 (b) decreased (without duplication) by the following, in each case to the extent included in
determining Consolidated Net Income for such period: 
 (i) any extraordinary, unusual or non-recurring income or gains
(including gains on asset sales outside of the ordinary course of business); plus 
 (i) non-cash income or gains increasing
Consolidated Net Income of such Person for such period, excluding any non-cash gains to the extent they represent the reversal of an accrual or reserve for a potential cash item that reduced Consolidated EBITDA in any prior period and any non-cash
gains with respect to cash actually received in a prior period so long as such cash did not increase Consolidated EBITDA in such prior period; plus 
 (ii) any net income from disposed or discontinued operations; 
 (c) increased or
decreased without duplication, as applicable, by any adjustments resulting from the application of FASB Interpretation No. 45 (Guarantees) or any comparable regulation; 
 (d) increased (to the extent not already included in determining Consolidated EBITDA) by any Pro Forma Adjustments; and 
 (e) decreased (to the extent not already deducted in determining Consolidated EBITDA) by any Restricted Payments made pursuant to Section 6.07(a)(iv). 

There shall be included in determining Consolidated EBITDA for any period, without duplication, (A) the Acquired EBITDA of any Person, property,
business or asset acquired by the Borrower or any Restricted Subsidiary during such period (but not the Acquired EBITDA of any related Person, property, business or assets to the extent not so acquired), to the extent not subsequently sold,
transferred or otherwise disposed of by the Borrower or such Restricted Subsidiary during such period (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”), based on the actual Acquired EBITDA of such Acquired Entity or
Business or Converted Restricted Subsidiary for such period (including the portion thereof occurring prior to such acquisition) and (B) for the purposes of compliance with the financial covenants, an adjustment in respect of each Acquired
Entity or Business equal to the amount of the Pro Forma Adjustment with respect to such Acquired Entity or Business for such period (including the portion thereof occurring prior to such acquisition) as specified in a certificate executed by a
Financial Officer and delivered to the Lenders and the Administrative Agent. For purposes of determining the Total Leverage Ratio, the Senior Secured Leverage Ratio and the Interest Coverage Ratio, there shall be excluded in determining Consolidated
EBITDA for any period the Disposed EBITDA of any Person, property, business or asset (other than an Unrestricted Subsidiary) sold, transferred or otherwise disposed of, closed or classified as discontinued operations by the Borrower or any
Restricted Subsidiary during such period (each such Person, property, business or asset so sold or disposed of, 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”), based on the actual 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 or disposition). 
 “Consolidated EBITDAR” means, for any period,
Consolidated EBITDA for such period plus, to the extent deducted in determining Consolidated Net Income for such period, Consolidated Rental Expense for such period. 

  
 10 

 “Consolidated Interest Expense” means, with respect to any Person for any
period, without duplication, the sum of: 
 (a) consolidated cash interest expense of such Person and its Restricted
Subsidiaries for such period, to the extent such expense was deducted (and not added back) in computing Consolidated Net Income (including (i) all cash commissions, discounts and other fees and charges owed with respect to letters of credit or
bankers acceptances, (ii) the cash interest component of Capital Lease Obligations, and (iii) net cash payments, if any, made (less net payments, if any, received) pursuant to interest rate obligations under any Swap Agreements with
respect to Indebtedness and excluding, (w) penalties and interest relating to taxes, (x) any additional cash interest owing pursuant to any registration rights agreement with respect to securities, (y) any expensing of bridge,
commitment and other financing fees, and (z) any accretion of accrued interest on discounted liabilities); less 
 (b) cash
interest income for such period. 
 For purposes of this definition, interest on a Capital Lease Obligation shall be deemed to accrue at an
interest rate reasonably determined by such Person to be the rate of interest implicit in such Capital Lease Obligation in accordance with GAAP. For purposes of determining Consolidated Interest Expense for any period ending prior to the first
anniversary of the Closing Date, Consolidated Interest Expense (i) for the Test Period ending at the end of the first full fiscal quarter after the Closing Date shall be Consolidated Interest Expense for such quarter, multiplied by 4,
(ii) for the Test Period ending at the end of the second full fiscal quarter after the Closing Date shall be Consolidated Interest Expense for the first and second full fiscal quarters after the Closing Date, multiplied by 2, and (iii) for
the Test Period ending at the end of the third full fiscal quarter after the Closing Date shall be Consolidated Interest Expense for the first, second and third full fiscal quarters after the Closing Date, multiplied by 4/3. 

“Consolidated Net Income” means, with respect to any Person for any period, the aggregate of the Net Income of such
Person and its Restricted Subsidiaries for such period, on a consolidated basis, and otherwise determined in accordance with GAAP; provided, however, that, without duplication (including for purposes of determining Consolidated
EBITDA), 
 (a) any net after-tax effect of extraordinary gains or losses shall be excluded, 

(b) the Net Income for such period shall not include the cumulative effect of a change in accounting principles and changes as a result
of the adoption or modification of accounting policies during such period, 
 (c) any after-tax gains or losses on disposal of
disposed, abandoned or discontinued operations shall be excluded, 
 (d) any after-tax effect of gains or losses (less all fees
and expenses relating thereto) attributable to asset dispositions or abandonments or the sale or other disposition of any Equity Interests of any Person other than in the ordinary course of business shall be excluded, 

(e) the Net Income for such period of any Person that is not a Subsidiary, or is an Unrestricted Subsidiary, or that is accounted for by
the equity method of accounting, shall be excluded; provided that Consolidated Net Income of the Borrower shall be increased by the amount of dividends or distributions or other payments that are actually paid to the Borrower or a Restricted
Subsidiary thereof in respect of such period, 

  
 11 

 (f) effects of adjustments (including the effects of such adjustments pushed down to the
Borrower and its Restricted Subsidiaries) in the inventory, property and equipment, software, goodwill, other intangible assets, in-process research and development, deferred revenue, debt and unfavorable or favorable lease line items in such
Person’s consolidated financial statements pursuant to GAAP resulting from the application of purchase accounting in relation to any acquisition consummated prior to the Closing Date and any permitted acquisitions or the amortization or
write-off of any amounts thereof, net of taxes, shall be excluded, 
 (g) solely for purposes of calculating the Available
Amount, the Net Income for such period of any Restricted Subsidiary (other than any Loan Party) shall be excluded to the extent that the declaration or payment of dividends or similar distributions by such Restricted Subsidiary of its Net Income is
not at the date of determination permitted without any prior governmental approval (which has not been obtained) or, directly or indirectly, by the operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute,
rule, or governmental regulation applicable to that Restricted Subsidiary, unless such restriction with respect to the payment of dividends or similar distributions has been legally waived; provided that Consolidated Net Income of the
Borrower will be increased by the amount of dividends or other distributions or other payments actually paid in cash (or to the extent converted into cash) to the Borrower or a Restricted Subsidiary thereof in respect of such period, to the extent
not already included therein, 
 (h) any after-tax effect of income (loss) from the early extinguishment of
(i) Indebtedness, (ii) obligations under any Swap Agreements or (iii) other derivative instruments shall be excluded, 
 (i) any impairment charge or asset write-off or write-down, including impairment charges or asset write-offs or write-downs related to intangible assets, long-lived assets, investments in debt and equity
securities or as a result of a change in law or regulation, in each case, pursuant to GAAP, and the amortization of intangibles arising pursuant to GAAP shall be excluded, 
 (j) any non-cash compensation charge or expense, including any such charge arising from the grants of stock appreciation or similar rights, stock options, restricted stock or other rights shall be
excluded, 
 (k) (i) Transaction Costs and (ii) any fees and expenses incurred during such period, or any amortization
thereof for such period, in connection with any acquisition, Investment, disposition, issuance or repayment of Indebtedness, issuance of Qualified Equity Interests, refinancing transaction or amendment or modification of any debt instrument (in each
case, including any such transaction consummated prior to the Closing Date and any such transaction undertaken but not completed) and any charges or non-recurring merger costs incurred during such period as a result of any such transaction shall be
excluded, and 
 (l) the following items shall be excluded: 

(i) any net unrealized gain or loss (after any offset) resulting in such period from obligations under any Swap Agreements in accordance
with GAAP; and 
 (ii) any net unrealized gain or loss (after any offset) resulting in such period from currency translation
gains or losses including those (x) related to currency remeasurements of Indebtedness and (y) resulting from hedge agreements for currency exchange risk. 
 In addition, to the extent not already included in the Consolidated Net Income of such Person and its Restricted Subsidiaries, notwithstanding anything to the contrary in the foregoing, Consolidated Net

  
 12 

 Income shall include (i) any expenses and charges that are reimbursed by indemnification or other
reimbursement provisions in connection with any investment or any sale, conveyance, transfer or other disposition of assets permitted hereunder and (ii) to the extent covered by insurance and actually reimbursed, expenses with respect to
liability or casualty events or business interruption. 
 “Consolidated Rental Expense” means, for any period,
the aggregate rental expense of the Borrower and the Restricted Subsidiaries in respect of real property for such period, determined on a consolidated basis in accordance with GAAP in respect of all rent obligations under operating leases in respect
of real property. 
 “Consolidated Senior Secured Debt” means, as of any date of determination, Consolidated
Total Debt secured by a Lien on any of the assets of the Borrower or any of its Restricted Subsidiaries. 

“Consolidated Total 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 to the extent reflected as a liability on the balance sheet (but excluding the effects of any
discounting of Indebtedness resulting from the application of purchase accounting in connection with any Permitted Acquisition) consisting of any Indebtedness for borrowed money, Capital Lease Obligations and debt obligations evidenced by bonds,
debentures, notes or similar instruments, minus (b) the aggregate amount of cash and Permitted Investments (in each case, free and clear of all Liens, other than nonconsensual Liens permitted by Section 6.02, Liens permitted by
Section 6.02(vi) and Liens permitted by clause (g) of the definition of the term “Permitted Encumbrances”) included in the consolidated balance sheet of the Borrower and the Restricted Subsidiaries as of such date
(provided that the aggregate amount subtracted pursuant to this clause (b) shall not exceed $450,000,000); provided that Consolidated Total Debt shall not include (i) all Letters of Credit (or other letters of credit and
bankers’ acceptances), except to the extent of unreimbursed LC Disbursements (or unreimbursed amounts) thereunder and (ii) obligations under Swap Agreements permitted by Section 6.06. 

“Consolidated Working Capital” means, at any date, the excess of (a) the sum of (i) 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 and (ii) long-term accounts receivable over (b) the sum of (i) 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 and (ii) long-term deferred revenue, but excluding, without duplication, (a) the current portion of any Funded Debt, (b) all Indebtedness consisting of
Revolving Loans, Swingline Loans and LC Exposure to the extent otherwise included therein, (c) the current portion of interest, (d) the current portion of current and deferred income taxes, (e) the current portion of any Capital Lease
Obligations, (f) deferred revenue arising from cash receipts that are earmarked for specific projects and (g) non-cash current assets and current liabilities. 
 “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. The terms “Controlling” and “Controlled” have meanings correlative thereto. 
 “Converted Restricted Subsidiary” has the meaning assigned to such term in the definition of Consolidated EBITDA. 
 “Converted Unrestricted Subsidiary” has the meaning assigned to such term in the definition of Consolidated EBITDA. 

  
 13 

 “Credit Party” means the Administrative Agent, the Issuing Bank, the
Swingline Lender or any other Lender. 
 “Cure Amount” has the meaning assigned to such term in the last
paragraph of Article VII. 
 “Cure Right” has the meaning assigned to such term in the last paragraph of
Article VII. 
 “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. 
 “Default Rate” has
the meaning set forth in Section 2.13(c). 
 “Defaulting Lender” means any Lender that (a) has
failed, within two Business Days of the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any portion of its participations in Letters of Credit or Swingline Loans or (iii) pay over to any Credit
Party any other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies the Administrative Agent in writing that such failure is the result of such Lender’s good faith determination that a
condition precedent to funding (specifically identified and including the particular default, if any) has not been satisfied, (b) has notified the Borrower or any Credit Party in writing that it does not intend or expect to comply with any of
its funding obligations under this Agreement (unless such writing indicates that such position is based on such Lender’s good faith determination that a condition precedent (specifically identified and including the particular default, if any)
to funding a Loan cannot be satisfied), (c) has failed, within three Business Days after request by a Credit Party, acting in good faith, to provide a certification in writing from an authorized officer of such Lender that it will comply with
its obligations to fund prospective Loans and participations in then outstanding Letters of Credit and Swingline Loans under this Agreement, provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon
such Credit Party’s receipt of such certification in form and substance satisfactory to it and the Administrative Agent, or (d) has become the subject of a Bankruptcy Event. 

“De Minimis Foreign Subsidiary” means, at any date of determination, any Foreign Subsidiary the Equity Interests of
which would otherwise be required to be pledged pursuant to the Collateral and Guarantee Requirement and which has assets having an aggregate book value of less than $2,500,000 at such date. 

“Designated Non-Cash Consideration” means the fair market value of non-cash consideration received by the Borrower or a
Restricted Subsidiary in connection with a sale, transfer, lease or other disposition of assets permitted by Section 6.05 that is so designated as Designated Non-Cash Consideration pursuant to a certificate of a Financial Officer, setting forth
the basis of such valuation, less the amount of cash or Permitted Investments received in connection with a subsequent sale of or collection on such Designated Non-Cash Consideration. 

“Disclosed Matters” means the actions, suits and proceedings and the environmental matters disclosed in Schedule 3.06.

 “Discounted Prepayment Option Notice” has the meaning assigned to such term in Section 2.11(g).

 “Discounted Voluntary Prepayment” has the meaning assigned to such term in Section 2.11(g). 

“Discounted Voluntary Prepayment Notice” has the meaning assigned to such term in Section 2.11(g). 

  
 14 

 “Discount Range” has the meaning assigned to such term in
Section 2.11(g). 
 “Disposed EBITDA” means, with respect to any Sold Entity or Business or any Converted
Unrestricted Subsidiary for any period, the amount for such period of Consolidated EBITDA of such Sold Entity or Business or such Converted Unrestricted Subsidiary, all as determined on a consolidated basis for such Sold Entity or Business or such
Converted Unrestricted Subsidiary. 
 “Disqualified Equity Interests” means Equity Interests that
(a) require the payment of any dividends (other than dividends payable solely in shares of Qualified Equity Interests) prior to the date that is 180 days after the Tranche B Maturity Date, (b) mature or are mandatorily redeemable or
subject to mandatory repurchase or redemption or repurchase at the option of the holders thereof, in each case in whole or in part and whether upon the occurrence of any event, pursuant to a sinking fund obligation, on a fixed date or otherwise,
prior to the date that is 180 days after the Latest Maturity Date in effect as of the date of issuance of such Equity Interests (other than (i) upon payment in full of the Loan Document Obligations, reduction of the LC Exposure to zero and
termination of the Commitments or (ii) upon a “change in control”, provided that any payment required pursuant to this clause (ii) is contractually subordinated in right of payment to the Loan Document Obligations on terms
reasonably satisfactory to the Administrative Agent), (c) require the maintenance or achievement of any financial performance standards other than as a condition to the taking of specific actions or provide remedies to holders thereof (other
than voting and management rights and increases in pay-in-kind dividends) or (d) are convertible or exchangeable, automatically or at the option of any holder thereof, into any Indebtedness, Equity Interests or other assets other than Qualified
Equity Interests. 
 “Documentation Agents” means Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.,
“Rabobank Nederland”, New York Branch, HSBC Bank USA, N.A., Goldman Sachs Bank USA, Credit Suisse AG, Cayman Islands Branch and Regions Bank, in their capacity as documentation agents for the Lenders hereunder, and their respective
successors in such capacity. 
 “Domestic Subsidiary” means any Subsidiary incorporated or organized under the
laws of the United States of America, any State thereof or the District of Columbia. 
 “EMU Legislation” means
the legislative measures of the European Union for the introduction of, changeover to or operation of the Euro in one or more member states. 
 “Environmental Laws” means all treaties, laws, rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered
into by or with any Governmental Authority, relating in any way to the environment, the preservation or reclamation of natural resources, the generation, management, Release or threatened Release of any Hazardous Material or to health and safety
matters. 
 “Environmental Liability” means any liability, contingent or otherwise (including any liability for
damages, costs of medical monitoring, costs of environmental remediation or restoration, administrative oversight costs, consultants’ fees, fines, penalties or indemnities), of Holdings, the Borrower or any Subsidiary directly or indirectly
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, storage, treatment or disposal 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. 

  
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 “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. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time. 
 “ERISA Affiliate” means any trade or business (whether or not incorporated) that, together with the Borrower, is treated as a single employer under Section 414(b) or (c) of the
Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414(m) of the Code. 
 “ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan (other than an event
for which the 30-day notice period is waived), (b) any failure by any Plan to satisfy the minimum funding standards (within the meaning of Sections 412 or 430 of the Code or Section 302 of ERISA and including any minimum funding standards
as a result of any Plan being in “at risk” status (within the meaning of Section 430 of the Code or Section 303 of ERISA) or in “endangered” or “critical” status (within the meaning of Section 432 of the
Code or Section 305 of ERISA)) applicable to such Plan, whether or not waived, (c) the filing pursuant to Section 412(d) 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) the failure of Borrower or any ERISA Affiliate to make by its due date a required installment under Section 430(j) of the Code with respect to any Plan or to make any required contribution to a Multiemployer Plan,
including any contribution required as the result of such Multiemployer Plan being in “endangered” or “critical” status (within the meaning of Section 432 of the Code or Section 305 of ERISA), (e) the incurrence by
the Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan, (f) the receipt by the Borrower or any ERISA Affiliate from the PBGC of any notice to appoint a trustee to
administer any Plan, (g) the incurrence by the Borrower or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan or (h) the receipt by the Borrower or any
ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Borrower or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be,
insolvent or in reorganization (in either case within the meaning of Title IV of ERISA) and (i) with respect to any Foreign Plan, (A) the failure to make any employer or employee contributions required by applicable law or by the terms of
such Foreign Plan; or (B) the failure to register or loss of good standing with applicable regulatory authorities of any such Foreign Plan required to be registered. 
 “Euro” or “€” refers to the currency constituted by the Treaty on the European Union and as referred to in the EMU Legislation. 

“Eurocurrency”, 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 Eurocurrency Rate. 
 “EURO LIBO
Rate” means, with respect to any Eurocurrency Borrowing denominated in Euro, for any Interest Period, the offered rate for deposits in Euros in the European interbank market for the relevant Interest Period that is determined by the Banking
Federation of the European Union, and displayed on the LIBOR01 Page published by Reuters, at or about 11:00 a.m. (Brussels time) two Business Days prior to the first day of the relevant Interest Period. To the extent that an interest rate is not
ascertainable pursuant to the foregoing provisions of this definition, the “EURO LIBO Rate” shall be the interest rate per annum determined by the Administrative Agent to be the average of the rates per annum at which deposits in
Euro are offered for a maturity comparable to such relevant Interest Period to major 

  
 16 

 
banks in the London interbank market in London, England by the Administrative Agent at approximately 11:00 a.m. (London time) on the date that is two Business Days prior to the beginning of such
Interest Period; provided, however, that notwithstanding the rate calculated in accordance with the foregoing, at no time shall the EURO LIBO Rate for Tranche B Euro Term Loans be deemed to be less than 1.00%. 

“Event of Default” has the meaning assigned to such term in Article VII. 

“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 (including depreciation and amortization) to the extent deducted in arriving at such Consolidated Net Income, 
 (iii) decreases in Consolidated Working Capital for such period (other than any such decreases arising from acquisitions by the Borrower and the Restricted Subsidiaries completed during such period or the
application of purchase accounting), 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; over 

(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 and cash charges included in clauses (a) through (f) of the definition of
Consolidated Net Income, 
 (ii) without duplication of amounts deducted pursuant to clause (x) below in prior fiscal
years, the amount of Capital Expenditures or acquisitions of intellectual property made in cash during such period, except to the extent that such Capital Expenditures or acquisitions were financed by incurring Long-Term Indebtedness, by issuing
Equity Interests or with the proceeds of any Reinvestment Deferred Amount, 
 (iii) the aggregate amount of all principal
payments of Indebtedness of the Borrower and the Restricted Subsidiaries (including (A) the principal component of payments in respect of Capital Lease Obligations and (B) the amount of scheduled repayments of Term Loans pursuant to
Section 2.10(a) and any mandatory prepayment of Term Loans pursuant to Section 2.11(c) due to a Prepayment Event described in clause (a) of the definition of the term “Prepayment Event” to the extent required due to a
disposition that resulted in an increase to such Consolidated Net Income and not in excess of the amount of such increase but excluding (X) all other prepayments of Term Loans, (Y) all prepayments of Revolving Loans and (Z) all
prepayments in respect of any other revolving credit facility, except, in the case of clause (Z), to the extent there is an equivalent permanent reduction in commitments thereunder) made during such period, except to the extent financed by incurring
Long-Term Indebtedness, by issuing Equity Interests or with the proceeds of any Reinvestment Deferred Amount, 
 (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, 

  
 17 

 (v) increases in Consolidated Working Capital for such period (other than any such increases
arising from acquisitions by the Borrower and the Restricted Subsidiaries completed during such period or the application of purchase accounting), 
 (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 (including
such Indebtedness specified in clause (b)(iii) above), 
 (vii) without duplication of amounts deducted pursuant to clause
(xi) below in prior fiscal years, the amount of investments and acquisitions made during such period, except to the extent that such investments and acquisitions were financed by incurring Long-Term Indebtedness or by issuing Equity Interests,

 (viii) the amount of Restricted Payments paid during such period pursuant to clauses (iii), (iv), (v), (viii) and
(xi) of Section 6.07, except to the extent such Restricted Payments were financed by incurring Long-Term Indebtedness or by issuing Equity Interests, 
 (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) 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, and 

(xi) 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, Capital Expenditures or
acquisitions 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 except to the extent intended to be financed by incurring Long-Term Indebtedness,
or by issuing Equity Interests; provided that to the extent the aggregate amount utilized to finance such Permitted Acquisitions, Capital Expenditures or acquisitions of intellectual property during such period of four consecutive fiscal
quarters is less than the Contract Consideration, the amount of such shortfall, less the amount financed by incurring Long-Term Indebtedness or by issuing Equity Interests, shall be added to the calculation of Excess Cash Flow at the end of such
period of four consecutive fiscal quarters, and 
 (xii) amount of cash taxes paid or tax reserves set aside or payable (without
duplication) in such period to the extent they exceed the amount of tax expense deducted in determining Consolidated Net Income for such period. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Exchange Rate” means, on any day, for purposes of determining the U.S. Dollar Equivalent of any other currency, the rate at which such other currency may be exchanged into U.S.
Dollars at the time of determination on such day on the Reuters WRLD Page for such currency. In the event that such rate does not appear on any Reuters WRLD Page, the Exchange Rate shall be determined by reference to such other publicly available
service for displaying exchange rates as may be agreed upon by the Administrative Agent and the Borrower, or, in the absence of such an agreement, such Exchange Rate shall instead be the arithmetic average of the spot rates of exchange of the
Administrative Agent in the market where its foreign currency exchange operations in respect of such currency are then being 

  
 18 

 
conducted, at or about such time as the Administrative Agent shall elect after determining that such rates shall be the basis for determining the Exchange Rate, on such date for the purchase of
U.S. Dollars for delivery two Business Days later, provided that if at the time of any such determination, for any reason, no such spot rate is being quoted, the Administrative Agent may use any reasonable method it deems appropriate to
determine such rate, and such determination shall be conclusive absent manifest error. 
 “Excluded Subsidiary”
means Burger King McLamore, Inc., a Florida not-for-profit corporation. 
 “Excluded Taxes” means, with respect
to the Administrative Agent, any Lender, any Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of any Loan Party or Additional Guarantor hereunder, (a) income or franchise taxes imposed on (or
measured by) its net income by the United States of America, or by the jurisdiction 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, (b) taxes imposed by reason of such Lender doing business in the jurisdiction imposing such tax, other than solely as a result of this Agreement or any transaction contemplated hereby, (c) any branch profits taxes imposed by
the United States of America or any similar tax imposed by any other jurisdiction described in clause (a) above and (d) in the case of a Foreign Lender (other than an assignee pursuant to a request by the Borrower under
Section 2.19(b)), any withholding tax that (i) is in effect (including FATCA) and would apply to amounts payable to such Foreign Lender at the time (and, in the case of FATCA, including any regulations or official interpretations thereof
issued after) such Foreign Lender becomes a party to this Agreement (or designates a new lending office), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new lending office (or
assignment), to receive additional amounts from the Borrower with respect to any withholding tax pursuant to Section 2.17(a), or (ii) is attributable to such Foreign Lender’s failure to comply with Section 2.17(e). 

“Existing Credit Agreement” means the Amended and Restated Credit Agreement dated as of October 19, 2010, as
amended and restated as of February 15, 2011, among Burger King Holdings, Inc., Burger King Corporation, the lenders party thereto from time to time, JPMorgan Chase Bank, N.A., as administrative agent, Barclays Capital, as syndication agent,
and Fifth Third Bank, Regions Bank and UniCredit Bank AG, as documentation agents. 
 “Existing Funding Lender”
means any Lender that has elected on its Tranche B Addendum to fund its Tranche B Term Loans with the deemed prepayment proceeds of its Existing Tranche B Term Loans. 
 “Existing Letters of Credit” means each letter of credit previously issued for the account of, or guaranteed by, the Borrower pursuant to the Existing Credit Agreement that (a) is
outstanding on the Closing Date and (b) is listed on Schedule 1.01. 
 “Existing Tranche B Term Loans”
means Tranche B Term Loans (as defined in the Existing Credit Agreement) outstanding under the Existing Credit Agreement immediately prior to the Closing Date. 
 “Extended Revolving Commitment” has the meaning set forth in Section 2.22(a). 
 “Extended Term Loans” has the meaning set forth in Section 2.22(a). 
 “Extended Tranche A Term Loan” has the meaning set forth in Section 2.22(a). 
 “Extended Tranche B Term Loan” has the meaning set forth in Section 2.22(a). 

  
 19 

 “Extending Tranche A Term Lender” has the meaning set forth in
Section 2.22(a). 
 “Extending Tranche B Term Lender” has the meaning set forth in Section 2.22(a).

 “Extending Term Lender” has the meaning set forth in Section 2.22(a). 

“Extension” has the meaning set forth in Section 2.22(a). 

“Extension Offer” has the meaning set forth in Section 2.22(a). 

“FATCA” means Sections 1471 through 1474 of the Code, as of the Closing Date. 

“Federal Funds Effective Rate” means, for any day, the weighted average (rounded upwards, if necessary, to the next
1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, 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 (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds
brokers of recognized standing selected by the Administrative Agent in its reasonable judgment. 
 “Financial
Officer” means the chief financial officer, principal accounting officer, treasurer or controller of the Borrower. 

“First Adjustment Date” means the date on which the Borrower’s consolidated financial statements are delivered to
the Lenders pursuant to Section 5.01(a) or (b) for the first full fiscal quarter of the Borrower ending after the Closing Date. 
 “Foreign Lender” means any Lender that is organized under the laws of a jurisdiction other than that in which the Borrower is located. For purposes of this definition, the United States
of America, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 

“Foreign Plan” means each employee pension benefit plan through which the Borrower or any ERISA Affiliate promises
employees a defined level of benefit upon retirement that is not subject to U.S. law and requires contributions by the Borrower or any ERISA Affiliate. 
 “Foreign Pledge Agreement” means a pledge or charge agreement with respect to the Collateral that constitutes Equity Interests of a Foreign Subsidiary, in form and substance reasonably
satisfactory to the Administrative Agent. 
 “Foreign Subsidiary” means any Restricted 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. 
 “Franchise Agreement” means each franchise agreement between the Borrower or any Restricted Subsidiary and a Franchisee. 

“Franchisee” means any Person, other than Holdings, the Borrower or any Restricted Subsidiary, that directly or
indirectly owns or operates or is approved by the Borrower or any Restricted Subsidiary to, directly or indirectly, own or operate a restaurant that is branded as Burger King or Hungry Jack’s or any other brand operated by the Borrower or any
Restricted Subsidiary. 

  
 20 

 “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. 

“Global Revolving Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make Global
Revolving Loans and to acquire participations in Letters of Credit and Swingline Loans hereunder, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Global Revolving Exposure 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 Section 9.04. The initial amount of each Lender’s Global
Revolving Commitment on the Closing Date is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Global Revolving Commitment, as the case may be. The initial aggregate amount of the
Lenders’ Global Revolving Commitments on the Closing Date is $123,000,000. 
 “Global Revolving Exposure”
means, at any time, the sum of (a) the aggregate principal amount of the Global Revolving Loans denominated in U.S. Dollars outstanding at such time, (b) the U.S. Dollar Equivalent of the aggregate principal amount of the Global
Revolving Loans denominated in an Alternative Currency outstanding at such time, (c) the LC Exposure at such time and (d) the Swingline Exposure at such time. The Global Revolving Exposure of any Lender at any time shall be its Applicable
Percentage of the Global Revolving Exposure at such time. 
 “Global Revolving Lender” means a Lender with a
Global Revolving Commitment or, if the Global Revolving Commitments have terminated or expired, a Lender with Global Revolving Exposure. 
 “Global Revolving Loan” means a Loan made pursuant to clause (c)(i) of Section 2.01. 
 “Governmental Authority” means the government of the United States of America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority,
instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as
the European Union or the European Central Bank). 
 “Granting Lender” has the meaning assigned to such term in
Section 9.04(e). 
 “Guarantee” of or by any Person (the “guarantor”) means any
obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or
indirectly, and including any obligation of the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply
funds for the purchase of) any security for the payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to
maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of
any letter of credit or letter of guaranty issued to support such Indebtedness or obligation, provided, that the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of business. 

  
 21 

 “Hazardous Materials” means all explosive, radioactive, hazardous or toxic
substances, materials, wastes or other pollutants, including petroleum or petroleum by-products or distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, chlorofluorocarbons and other ozone-depleting substances
or lead-based paint that are regulated pursuant to any Environmental Law. 
 “Holdco Notes” means the
$685,000,000 in aggregate principal amount of Burger King Capital Holdings, LLC and Burger King Capital Finance, Inc.’s 11.0% senior discount notes due 2019, issued pursuant to the Indenture, dated as of April 19, 2011 (the “Holdco
Notes Indenture”) by and among Burger King Capital Holdings, LLC, Burger King Capital Finance, Inc. and Wilmington Trust, FSB, as the same may be amended, amended and restated, modified, supplemented and/or extended from time to time in
accordance with the terms hereof and thereof, and any notes issued in exchange or replacement of the foregoing on substantially identical terms. 
 “Holdco Notes Indenture” has the meaning specified in the definition of Holdco Notes. 
 “Holdings” means Burger King Holdings, Inc. 
 “Income
Taxes” means all taxes, whether domestic or foreign, based on income or profits or capital, including, without limitation, Federal, provincial, state, local or other governmental entity, franchise and similar taxes and foreign withholding
taxes, including any interest, additions to tax or penalties applicable thereto. 
 “Incremental Amount” means,
at any time, the excess, if any, of (a) the sum of (x) $650,000,000 plus (y) the amount of any voluntary prepayments of the Term Loans and voluntary permanent reductions of the Revolving Commitments effected after the Closing Date (it
being understood that any prepayment of Term Loans (other than any prepayment of Tranche B Term Loans with the proceeds of substantially concurrent borrowings of Incremental Tranche A Term Loans) with the proceeds of substantially concurrent
borrowings of new Loans hereunder or any reduction of Revolving Commitments in connection with a substantially concurrent issuance of new revolving commitments hereunder shall not increase the calculation of the Incremental Amount) plus
(z) additional amounts so long as after giving effect to (i) the making of such Incremental Term Loans or Incremental Revolving Commitments (and assuming any such Incremental Revolving Commitments are fully drawn) and (ii) any
permanent repayment of Indebtedness by the Borrower or any of its Restricted Subsidiaries that has occurred during the most-recently ended Test Period for which financial statements have been delivered pursuant to Section 5.01(a) or
(b) but prior to or simultaneous with the making of such Incremental Term Loans or Incremental Revolving Commitments, the Senior Secured Leverage Ratio of the Borrower computed on a Pro Forma Basis as of the last day of such Test Period is no
greater than 4.25 to 1.00 over (b) the aggregate principal amount of all Incremental Term Loans made plus all Incremental Revolving Commitments established prior to such date pursuant to Section 2.20(a) (other than the Additional Revolving
Commitment Incurrence). 
 “Incremental Facility Amendment” has the meaning assigned to such term in
Section 2.20(c). 
 “Incremental Facility Closing Date” has the meaning assigned to such term in
Section 2.20(c). 
 “Incremental Revolving Commitment” has the meaning assigned to such term in
Section 2.20(a). 

  
 22 

 “Incremental Revolving Facility” means the Revolving Commitments and the
Revolving Loans made thereunder. 
 “Incremental Revolving Lender” has the meaning assigned to such term in
Section 2.20(c). 
 “Incremental Tranche A Term Loans” means any term loans made pursuant to
Section 2.20(a) and designated in the applicable notice as “Incremental Tranche A Term Loans”. 

“Incremental Tranche B Term Loans” means any term loans made pursuant to Section 2.20(a) and designated in the
applicable notice as “Incremental Tranche B Term Loans”. 
 “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, (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 and other accrued obligations, in each case incurred
in the ordinary course of business and not more than 90 days past due (unless being contested in good faith by appropriate actions)), (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 with respect to the redemption, repayment or other repurchase of any Disqualified 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 to the extent the terms
of such Indebtedness provide that such Person is liable therefor. Notwithstanding the foregoing, in connection with any Permitted Acquisition, the term “Indebtedness” shall not include contingent post-closing purchase price adjustments or
earn-outs to which the seller in such Permitted Acquisition may become entitled. 
 “Indemnified Taxes” means
Taxes other than Excluded Taxes. 
 “Interest Coverage Ratio” means, with respect to any Test Period, the ratio
of (a) Consolidated EBITDA of the Borrower for such period to (b) Consolidated Interest Expense of the Borrower for such Test Period. 
 “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 (including a Swingline Loan), the last day of each
March, June, September and December and (b) with respect to any Eurocurrency 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 Eurocurrency 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. 

  
 23 

 “Interest Period” means, with respect to any Eurocurrency Borrowing, the
period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months thereafter, as the Borrower may elect (or with respect to the initial Borrowing hereunder,
such other period as the Borrower and the Administrative Agent shall mutually agree), 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 and (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 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. 

“Investment” has the meaning assigned to such term in Section 6.04. 

“IPO” means a bona fide underwritten initial public offering of voting common Equity Interests of Holdings or any direct
or indirect parent as a direct result of which at least 10% of the aggregate voting common Equity Interests of Holdings or any direct or indirect parent (calculated on a fully diluted basis taking into account all options or other rights to acquire
voting common Equity Interests of Holdings or any direct or indirect parent then outstanding, regardless of whether such options or other rights are then currently exercisable) will be beneficially owned by Persons other than the Permitted
Investors, Holdings and Affiliates of Holdings (including all directors, officers and employees of Holdings, the Borrower or any Subsidiary). 
 “Issuing Bank” means, as the context may require, (a) JPMorgan Chase Bank, N.A. and each other Issuing Bank designated by the Borrower as such pursuant to Section 2.05(k), in
each case in its capacity as an issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.05(i), and (b) with respect to each Existing Letter of Credit, the Lender that issued such Existing Letter
of Credit. An 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 Bookrunners” means J.P. Morgan Securities LLC, Barclays Bank PLC and
Merrill Lynch, Pierce, Fenner & Smith Incorporated. 
 “Latest Maturity Date” means, as of any date of
determination, the latest of (a) the Tranche B Maturity Date and (b) if any Incremental Term Loans or Extended Term Loans are outstanding, or any Commitments from Additional Lenders to make Incremental Term Loans or Extended Revolving
Commitments remain in effect, the latest maturity date for such Incremental Term Loans, Extended Term Loans or Extended Revolving Commitments. 
 “LC Disbursement” means a payment made by an Issuing Bank pursuant to a Letter of Credit. The amount of any LC Disbursement made by an Issuing Bank in an Alternative Currency and not
reimbursed by the Borrower shall be determined as set forth in paragraph (e) or (m) of Section 2.05, as applicable. 
 “LC Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit denominated in U.S. Dollars at such time, (b) the
U.S. Dollar Equivalent of the aggregate undrawn amount of all outstanding Alternative Currency Letters of Credit at such time, (c) the aggregate amount of all LC Disbursements made in U.S. Dollars that have not yet been reimbursed by

  
 24 

 
or on behalf of the Borrower at such time and (d) the U.S. Dollar Equivalent of the aggregate amount of all LC Disbursements made in an Alternative Currency that have not yet been
reimbursed by or on behalf of the Borrower at such time. The LC Exposure of any Global Revolving Lender at any time shall be its Applicable Percentage of the aggregate LC Exposure at such time. 

“Lead Arrangers” means J.P. Morgan Securities LLC, Barclays Bank PLC, Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., “Rabobank Nederland”, New York Branch and HSBC Bank USA, N.A. 
 “Lender Participation Notice” has the meaning assigned to such term in Section 2.11(g). 
 “Lenders” means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to Section 9.04 or Section 2.20, other than any such
Person that ceases to be a party hereto pursuant to Section 9.04. Unless the context otherwise requires, the term “Lenders” includes the Swingline Lender. 
 “Letter of Credit” means any letter of credit issued (or, in the case of Existing Letters of Credit, deemed issued) pursuant to this Agreement. 

“LIBO Rate” means, with respect to any Eurocurrency Borrowing denominated in U.S. Dollars or Sterling for any Interest
Period, the rate per annum determined by the Administrative Agent at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period (or on the date of the commencement of such Interest Period if such
Eurocurrency Borrowing is denominated in Sterling) by reference to LIBOR01 Page published by Reuters for deposits in the currency of such Eurocurrency Borrowing for a period equal to such Interest Period. In the event that such rate is not available
at such time for any reason, then the “LIBO Rate” with respect to such Eurocurrency Borrowing for such Interest Period shall be the interest rate per annum determined by the Administrative Agent to be the average of the rates per
annum at which deposits in the currency of such Eurocurrency Borrowing are offered for a maturity comparable to such relevant Interest Period to the Reference Banks in the London interbank market in London, England, at approximately 11:00 a.m.,
London time, two Business Days prior to the commencement of such Interest Period (or on the date of the commencement of such Interest Period if such Eurocurrency Borrowing is denominated in Sterling); provided, however, that
notwithstanding the rate calculated in accordance with the foregoing, at no time shall the LIBO Rate for Tranche B Term Loans be deemed to be less than 1.00%. 
 “Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, (b) the
interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset and (c) in
the case of securities, any purchase option, call or similar right of a third party with respect to such securities. “Lien” shall not include any license to any intellectual property. 

“Loan Document Obligations” has the meaning assigned to such term in the Collateral Agreement. 

“Loan Documents” means this Agreement, any Incremental Facility Amendment, the Collateral Agreement, the other Security
Documents and any Additional Guarantee. 
 “Loan Parties” means Holdings, the Borrower and the Subsidiary Loan
Parties. 
 “Loans” means the loans made to the Borrower pursuant to this Agreement. 

  
 25 

 “Long-Term Indebtedness” means any Indebtedness (excluding Indebtedness
permitted by Section 6.01(iii)) that, in accordance with GAAP, constitutes a long-term liability. 
 “Material
Adverse Effect” means a material adverse effect on (a) the business, operations or financial condition of Holdings, the Borrower and the Restricted Subsidiaries, taken as a whole, (b) the ability of any Loan Party to perform any
of its material obligations under any Loan Document or (c) the rights of or benefits available to the Lenders under any Loan Document. 
 “Material Indebtedness” means Indebtedness (other than the Loans and Letters of Credit), or obligations in respect of one or more Swap Agreements, of any one or more of Holdings, 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 of Holdings, the Borrower or any Restricted
Subsidiary in respect of any Swap Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that Holdings, the Borrower or such Restricted Subsidiary would be required to pay if such Swap Agreement were
terminated at such time. 
 “Maximum Accrual” has the meaning set forth in Section 2.11(h). 

“Minimum Tranche Amount” has the meaning set forth in Section 2.22(b). 

“Minority Investment” means any person (other than a Subsidiary) in which the Borrower or any Restricted Subsidiary owns
capital stock. 
 “Moody’s” means Moody’s Investors Service, Inc. 

“Mortgages” means each of the mortgages and deeds of trust made by any Loan Party in favor of, or for the benefit of,
the Administrative Agent for the benefit of the Lenders, in form and substance reasonably satisfactory to the Administrative Agent and the Borrower. 
 “Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA. 
 “Net Income” means, with respect to any Person, the net income (loss) of such Person, determined in accordance with GAAP and before any reduction in respect of preferred stock dividends.

 “Net Proceeds” means: 
 (a) with respect to the disposition of any asset by Holdings, the Borrower or any Restricted Subsidiary or any Casualty Event, the excess, if any, of (i) the sum of cash and Permitted Investments
received in connection with such disposition or Casualty Event (including any cash or Permitted Investments received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received and,
with respect to any Casualty Event, any insurance proceeds or condemnation awards in respect of such Casualty Event actually received by or paid to or for the account of Holdings, the Borrower or any Restricted Subsidiary) over (ii) the sum of
(A) the principal amount, premium or penalty, if any, interest and other amounts on any Indebtedness that is secured by the asset subject to such disposition or Casualty Event and that is required to be repaid in connection with such
disposition or Casualty Event (other than Indebtedness under the Loan Documents), (B) the out-of-pocket fees and expenses (including attorneys’ fees, investment banking fees, survey costs, title insurance premiums, and related search and
recording charges, transfer taxes, deed or mortgage recording taxes, other customary expenses and brokerage, consultant and other customary fees) actually incurred by Holdings, the Borrower or such Restricted Subsidiary in connection with such
disposition or Casualty Event, (C) taxes paid or reasonably estimated to be actually payable in connection therewith, and (D) any 

  
 26 

 
reserve for adjustment in respect of (x) the sale price of such asset or assets established in accordance with GAAP and (y) any liabilities associated with such asset or assets and
retained by Holdings, the Borrower or any Restricted Subsidiary after such sale or other disposition thereof, including pension and other post-employment benefit liabilities and liabilities related to environmental matters or with respect to any
indemnification obligations associated with such transaction and it being understood that “Net Proceeds” shall include (i) any cash or Permitted Investments received upon the disposition of any non-cash consideration by Holdings, the
Borrower or any Restricted Subsidiary in any such disposition and (ii) upon the reversal (without the satisfaction of any applicable liabilities in cash in a corresponding amount) of any reserve described in clause (D) above or if such
liabilities have not been satisfied in cash and such reserve is not reversed within 365 days after such disposition or Casualty Event, the amount of such reserve; provided that (x) no net cash proceeds calculated in accordance with the
foregoing realized in a single transaction or series of related transactions shall constitute Net Proceeds unless such net cash proceeds shall exceed $10,000,000 and (y) no such net cash proceeds shall constitute Net Proceeds under this clause
(a) in any fiscal year until the aggregate amount of all such net cash proceeds in such fiscal year shall exceed $25,000,000 (and thereafter only net cash proceeds in excess of such amount shall constitute Net Proceeds under this clause (a));
and 
 (b) (i) with respect to the incurrence or issuance of any Indebtedness by Holdings, the Borrower or any Restricted
Subsidiary, the excess, if any, of (x) the sum of the cash received in connection with such incurrence or issuance over (y) the investment banking fees, underwriting discounts, commissions, costs and other out-of-pocket expenses and other
customary expenses, incurred by Holdings, the Borrower or such Restricted Subsidiary in connection with such incurrence or issuance and (ii) with respect to any Qualified Equity Interests issued by any direct or indirect parent of the Borrower,
the amount of cash from such Qualified Equity Interests contributed to the capital of the Borrower. 
 “Non-Consenting
Lender” has the meaning assigned to such term in Section 9.02(c). 
 “Notice of Intent to Cure”
has the meaning assigned to such term in the last paragraph of Article VII. 
 “Obligations” has the meaning
assigned to such term in the Collateral Agreement. 
 “OECD Country” means any member country of the
Organization of Economic Cooperation and Development. 
 “Offered Loans” has the meaning assigned to such term
in Section 2.11(g). 
 “Organizational Documents” means, with respect to any Person, the charter, articles
or certificate of organization or incorporation and bylaws or other organizational or governing documents of such Person. 

“Other Taxes” means any and all present or future recording, stamp, documentary, excise, transfer, sales, property or
similar taxes, charges or levies arising from any payment made under any Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, any Loan Document, including any interest, additions to tax or penalties
applicable thereto. 
 “Parent” means, with respect to any Lender, any Person as to which such Lender is,
directly or indirectly, a subsidiary. 
 “Participant” has the meaning assigned to such term in
Section 9.04(c). 

  
 27 

 “Participant Register” has the meaning assigned to such term in
Section 9.04(c). 
 “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 in the
form of Exhibit D or any other form approved by the Administrative Agent. 
 “Permitted Acquisition” means any
acquisition by the Borrower or a Restricted Subsidiary of any restaurant or other business permitted by Section 6.03(b) (whether through the acquisition of real property or assets, from a Franchisee or otherwise) or all the outstanding Equity
Interests (other than directors’ qualifying shares and shares required by applicable law to be issued to nationals or citizens) in, all or substantially all the assets of, or all or substantially all the assets constituting a division or line
of business of, a Person if (a) no Default has occurred and is continuing or would result therefrom, (b) all actions required to be taken with respect to any acquired or newly formed Restricted Subsidiary under Sections 5.11 and 5.12 shall
have been taken, (c) the Borrower is in compliance, on a Pro Forma Basis after giving effect to such acquisition as of the last day of the most-recently ended Test Period for which financial statements have been delivered pursuant to
Section 5.01(a) or (b), with the covenants contained in Sections 6.11 and 6.12, (d) the business of such Person or such assets, as the case may be, constitutes a business permitted by Section 6.03(b) and (e) in the case of any
acquisition resulting in cash consideration in excess of $50,000,000, the Borrower has delivered to the Administrative Agent a certificate of a Financial Officer to the effect set forth in clauses (a), (b), (c) and (d) above and setting
forth reasonably detailed calculations demonstrating compliance with clause (c) above. 
 “Permitted
Encumbrances” means: 
 (a) Liens imposed by law for taxes, assessments or other governmental charges that are not yet
due or are being contested in compliance with Section 5.05; 
 (b) carriers’, warehousemen’s, mechanics’,
materialmen’s, repairmen’s, landlords’ and other like Liens imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 60 days or are being contested in good faith by
appropriate proceedings and, in the case of material obligations, in compliance with Section 5.05; 
 (c) pledges and
deposits made, and other Liens incurred, in the ordinary course of business in compliance with workers’ compensation, unemployment insurance and other social security laws or regulations; 

(d) deposits and other Liens incurred to secure the performance of bids, trade contracts, leases, statutory obligations, surety and
appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business; 
 (e)
judgment liens in respect of judgments that do not constitute an Event of Default under clause (k) of Article VII; 
 (f)
easements, zoning restrictions, rights-of-way and similar encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and do not interfere with the ordinary conduct of
business of the Borrower or any Subsidiary; and 
 (g) Liens arising from Permitted Investments described in clause (d) of
the definition of the term “Permitted Investments”, 
 provided that the term “Permitted Encumbrances” shall not
include any Lien securing Indebtedness (other than pursuant to clause (d) above). 

  
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 “Permitted Investments” means: 

(a) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of
America, any State thereof or any political subdivision of any such State or any OECD Country (or by any agency of the United States of America or any OECD Country to the extent such obligations are backed by the full faith and credit of the United
States of America or such OECD Country, as the case may be), in each case maturing within one year from the date of acquisition thereof; 
 (b) investments in commercial paper maturing within one year from the date of acquisition thereof and having, at such date of acquisition, one of the two highest credit ratings obtainable from S&P or
from Moody’s; 
 (c) investments in certificates of deposit, banker’s acceptances and time or demand deposits maturing
within one year from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any office of any commercial bank organized under the laws of the United States of America or any
State thereof or any OECD Country that has a combined capital and surplus and undivided profits of not less than $100,000,000; 

(d) fully collateralized repurchase agreements with a term of not more than 30 days for securities described in clause (a) above and
entered into with a financial institution satisfying the criteria described in clause (c) above; 
 (e) investments in
“money market funds” within the meaning of Rule 2a-7 of the Investment Company Act of 1940, as amended, substantially all of whose assets are invested in investments of the type described in clauses (a) through (d) above; and

 (f) foreign investments substantially comparable to any of the foregoing in connection with managing cash of any Subsidiary
having operations in a foreign country. 
 “Permitted Investors” means the Sponsors and any Sponsor Affiliate.

 “Permitted Refinancing” means, with respect to any Indebtedness, any modification, refinancing, refunding,
renewal or extension of such Indebtedness; provided that (i) the principal amount thereof does not exceed the principal amount of the Indebtedness so modified, refinanced, refunded, renewed or extended (plus any accrued but unpaid
interest, fees and redemption premiums payable by the terms of such Indebtedness thereon), (ii) 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, (iii) if the Indebtedness being modified, refinanced, refunded,
renewed or extended is subordinated in right of payment to the Obligations, such modification, refinancing, refunding, renewal or extension is subordinated in right of payment to the Obligations on terms at least as favorable on the whole to the
Lenders as those contained in the documentation governing the Indebtedness being modified, refinanced, refunded, renewed or extended, (iv) the terms and conditions of any such modified, refinanced, refunded, renewed or extended Indebtedness are
market terms on the date of issuance (as determined in good faith by the Borrower) or are not, taken as a whole, materially more restrictive than the covenants and events of default contained in this Agreement, provided that if such
Indebtedness contains any financial maintenance covenants, such covenants shall not be 

  
 29 

 
tighter than those contained in this Agreement, (v) such modification, refinancing, refunding, renewal or extension shall not be incurred by a Person who is not the obligor on the
Indebtedness being modified, refinanced, refunded, renewed or extended, (vi) at the time thereof, no Default shall have occurred and be continuing and (vii) to the extent that the Liens securing the Indebtedness being refinanced is
subordinated to the Liens securing the Obligations, any Lien securing such refinancing Indebtedness is subordinated to the Liens securing the Obligations on terms at least as favorable on the whole to the Lenders as those contained in the applicable
subordination language (if any) for the Indebtedness being refinanced. 
 “Permitted Sale and Leaseback
Transaction” means any Sale and Leaseback Transaction by the Borrower or any Restricted Subsidiary that is made for cash consideration in an amount not less than the fair value of the fixed or capital assets that are sold or transferred
pursuant to such Sale and Leaseback Transaction if (x) such Sale and Leaseback Transaction, together with all other Sale and Leaseback Transactions made pursuant to this clause (x), does not result in aggregate Net Proceeds in excess of
$20,000,000 in any fiscal year or (y) (a) immediately before and after giving effect thereto, no Default has occurred and is continuing or would result therefrom, (b)(i) the Borrower is in compliance on a Pro Forma Basis after giving
effect to such Sale and Leaseback Transaction and the application of the proceeds therefrom with the covenants contained in Sections 6.11 and 6.12, recomputed as of the last day of the most-recently ended fiscal quarter of the Borrower prior to such
Sale and Leaseback Transaction for which financial statements have been delivered pursuant to Section 5.01(a) or (b), and (ii) the Rent-Adjusted Leverage Ratio, after giving effect to such Sale and Leaseback Transaction and the application
of the proceeds therefrom, recomputed on a Pro Forma Basis as of the last day of the most-recently ended fiscal quarter of the Borrower prior to such Sale and Leaseback Transaction for which financial statements have been delivered pursuant to
Section 5.01(a) or (b), is either (x) less than 3.00 to 1.00 or (y) not greater than the Rent-Adjusted Leverage Ratio recomputed on a Pro Forma Basis as of such date without giving effect to such Sale and Leaseback Transaction and the
application of the proceeds therefrom and (c) the Borrower has, in the case of any Sale and Leaseback Transaction resulting in cash consideration in excess of $15,000,000, delivered to the Administrative Agent a certificate of a Financial
Officer to such effect, together with all relevant financial information reasonably requested by the Administrative Agent, including reasonably detailed calculations demonstrating compliance with clause (b) above. 

“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 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. 

“Pledged Equity” has the meaning assigned to such term in the Collateral Agreement. 

“Post-Acquisition Period” means, with respect to (a) any Person, property, business or asset acquired by the
Borrower or any Restricted Subsidiary or (b) the conversion of any Unrestricted Subsidiary into a Restricted Subsidiary, the 12-month period ending on the first anniversary of consummation of such acquisition or conversion. 

“Prepayment Event” means: 
 (a) any sale, transfer or other disposition (including pursuant to a Sale and Leaseback Transaction and by way of merger or consolidation) of any property or asset of Holdings, the Borrower or any
Restricted Subsidiary, other than dispositions permitted by clauses (a), (b), (c), (d), (f), (g), (h), (i), (j), (l) and (m) of Section 6.05; 

  
 30 

 (b) 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 Holdings, the Borrower or any Restricted Subsidiary with a fair market value immediately prior to such event equal to or greater than $5,000,000; and 

(c) the incurrence by Holdings, the Borrower or any Restricted Subsidiary of any Indebtedness, other than Indebtedness permitted under
Section 6.01 (except as required by Section 6.01(xi)(A)(1)(y) or Section 6.01(xviii)) or Section 6.13 or permitted by the Required Lenders pursuant to Section 9.02. 

“Pricing Grid” means in respect of Tranche A Term Loans: 

 

									
	 Total Leverage Ratio
	  	Applicable Rate for ABR Loans	 	 	Applicable Rate for
Eurocurrency Loans	 
	 3 4.25 to 1.00
	  	 	1.50	% 	 	 	2.50	% 
	 < 4.25 to 1.00 but 3 3.00 to 1.00
	  	 	1.25	% 	 	 	2.25	% 
	 < 3.00 to 1.00
	  	 	1.00	% 	 	 	2.00	% 

 For the purposes of the Pricing Grid, changes in the Applicable Rate resulting from changes in the Total
Leverage Ratio shall become effective on each Adjustment Date (commencing on the First Adjustment Date) and shall remain in effect until the next change to be effected pursuant to this paragraph. If any financial statements referred to above are not
delivered within five Business Days after the time periods specified in Section 5.01, then, during the period from and excluding such fifth Business Day to and including the day such financial statements are delivered, the highest rate set
forth in each column of the Pricing Grid shall apply. 
 “Prime Rate” means the rate of interest per annum
publicly announced from time to time by JPMorgan Chase Bank, N.A. as its prime rate in effect at its principal office in New York City; each change in the Prime Rate shall be effective from and including the date such change is publicly announced as
being effective. 
 “Pro Forma Adjustment” means, for any Test Period that includes all or any part of a fiscal
quarter included in any Post-Acquisition Period, with respect to the Acquired EBITDA of the applicable Acquired Entity or Business or Converted Restricted Subsidiary or the Consolidated EBITDA of the Borrower, the pro forma increase or decrease in
such Acquired EBITDA or such Consolidated EBITDA, as the case may be, projected by the Borrower in good faith as a result of (a) actions taken during such Post-Acquisition Period for the purposes of realizing reasonably identifiable and
factually supportable cost savings or (b) any additional costs incurred during such Post-Acquisition Period, in each case in connection with the combination of the operations of such Acquired Entity or Business or Converted Restricted
Subsidiary with the operations of the Borrower and the Restricted Subsidiaries; provided that, (i) at the election of the Borrower, such Pro Forma Adjustment shall not be required to be determined for any Acquired Entity or Business or
Converted Restricted Subsidiary to the extent the aggregate consideration paid in connection with such acquisition was less than $2,500,000, (ii) so long as such actions are taken during such Post-Acquisition Period or such costs are incurred
during such Post-

  
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Acquisition Period, as applicable, for purposes of projecting such pro forma increase or decrease to such Acquired EBITDA or such Consolidated EBITDA, as the case may be, it may be assumed that
such cost savings will be realizable during the entirety of such Test Period, or such additional costs, as applicable, will be incurred during the entirety of such Test Period, and (iii) the aggregate amount of Pro Forma Adjustments in any Test
Period shall be limited to 10% of Consolidated EBITDA; provided further that any such pro forma increase or decrease to such Acquired EBITDA or such Consolidated EBITDA, as the case may be, shall be without duplication for cost savings or
additional costs already included in such Acquired EBITDA or such Consolidated EBITDA, as the case may be, for such Test Period. 
 “Pro Forma Basis” means, with respect to the calculation of the Total Leverage Ratio, the Senior Secured Leverage Ratio, the Interest Coverage Ratio or the Rent-Adjusted Leverage Ratio as
of any date, that (A) to the extent applicable, the Pro Forma Adjustment shall have been made and (B) such calculation shall give pro forma effect to all Permitted Acquisitions, all Permitted Sale and Leaseback Transactions, all issuances,
incurrences or assumptions of Indebtedness and the application of the proceeds of such Indebtedness (with any such Indebtedness being deemed to be amortized over the applicable testing period in accordance with its terms) and all sales, transfers or
other dispositions of any material assets outside the ordinary course of business, in each case that have occurred during (or, if such calculation is being made for the purpose of determining whether any proposed acquisition will constitute a
Permitted Acquisition, whether any proposed Sale and Leaseback Transaction will constitute a Permitted Sale and Leaseback Transaction, whether any Incremental Term Loans or Incremental Revolving Commitments may be made or whether any Subordinated
Debt or Indebtedness under Section 6.01(xviii) may be incurred, since the beginning of) the four consecutive fiscal quarter period of the Borrower most-recently ended on or prior to such date as if they occurred on the first day of such four
consecutive fiscal quarter period (including cost savings to the extent such cost savings would be consistent with the definition of “Pro Forma Adjustment” and the definition of “Consolidated EBITDA”). 

“Proposed Change” has the meaning assigned to such term in Section 9.02(c). 

“Proposed Discounted Prepayment Amount” has the meaning assigned to such term in Section 2.11(g). 

“Qualified Equity Interests” means Equity Interests of Holdings or the Borrower other than Disqualified Equity
Interests. 
 “Qualifying Lenders” has the meaning assigned to such term in Section 2.11(g). 

“Qualifying Loans” has the meaning assigned to such term in Section 2.11(g). 

“Reference Banks” means, JPMorgan Chase Bank, N.A., Barclays Bank PLC and any other major bank in the London interbank
market selected by the Administrative Agent. 
 “Register” has the meaning assigned to such term in
Section 9.04(b). 
 “Reinvestment Deferred Amount” has the meaning assigned to such term in
Section 2.11(c). 
 “Related Parties” means, with respect to any specified Person, such Person’s
Affiliates and the respective directors, officers, employees, agents, trustees and advisors of such Person and such Person’s Affiliates. 
 “Release” means any release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal, discharge, dispersal, leaching or migration into or through the environment
(including ambient air, surface water, groundwater, land surface or subsurface strata) or within or upon any building, structure, facility or fixture. 

  
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 “Rent-Adjusted Leverage Ratio” means, as of any date, the ratio of
(a) the sum of (i) an amount equal to eight times Consolidated Rental Expense for the most recent Test Period and (ii) Consolidated Total Debt as of the last day of such Test Period to (b) Consolidated EBITDAR for such Test
Period. 
 “Repricing Event” means (a) any prepayment or repayment of Tranche B Term Loans with the
proceeds of, or any conversion of Tranche B Term Loans into, any new or replacement tranche of term loans or Indebtedness incurred under Section 6.01(xviii) bearing interest with an “effective yield” (taking into account, for example,
upfront fees, interest rate spreads, interest rate benchmark floors and original issue discount, but excluding the effect of any arrangement, structuring, syndication or other fees payable in connection therewith that are not shared with all lenders
or holders of such new or replacement loans) less than the “effective yield” applicable to the Tranche B Term Loans (as such comparative yields are determined in the reasonable judgment of the Administrative Agent consistent with generally
accepted financial practices) but excluding any new or replacement loans incurred in connection with a “Change in Control” and (b) any amendment (including pursuant to a replacement term loan as contemplated by Section 9.02(b))
to the Tranche B Term Loans or any tranche thereof which reduces the “effective yield” applicable to such Tranche B Term Loans. 
 “Required Lenders” means, at any time, Lenders having Revolving Exposures, Term Loans and unused Commitments (other than Swingline Commitments) representing more than 50% of the aggregate
Revolving Exposures, outstanding Term Loans and unused Commitments (other than Swingline Commitments) at such time. For purposes of this definition, Required Lenders shall be determined by excluding all Loans and Commitments held or beneficially
owned by a Sponsor Affiliated Lender. 
 “Requirement of Law” means, with respect to any Person, any statute,
law, treaty, rule, regulation, order, decree, writ, injunction or determination of any arbitrator or court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any
of its property is subject. 
 “Restricted Payment” means any dividend or other distribution (whether in cash,
securities or other property) with respect to any Equity Interests in Holdings, 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, cancelation or termination of any Equity Interests in Holdings, the Borrower or any Restricted Subsidiary or any option, warrant or other right to acquire any such Equity Interests in Holdings, the
Borrower or any Restricted Subsidiary, or any other payment (including any payment under any Swap Agreement) that has a substantially similar effect to any of the foregoing. 
 “Restricted Subsidiary” means any Subsidiary other than an Unrestricted Subsidiary. 
 “Revolving Availability Period” means the period from and including the Closing Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the
Revolving Commitments. 
 “Revolving Borrowing” means a Borrowing comprised of Revolving Loans. 

“Revolving Commitment” means, with respect to each Lender, the sum of such Lender’s Global Revolving Commitment and
such Lender’s U.S. Revolving Commitment. 

  
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 “Revolving Exposure” means, at any time, the sum of the aggregate Global
Revolving Exposures and the aggregate U.S. Revolving Exposures. The Revolving Exposure of any Lender at any time shall be the sum of its Global Revolving Exposure and its U.S. Revolving Exposure at such time. 

“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 a Global Revolving Loan or a U.S.
Revolving Loan. 
 “Revolving Maturity Date” means October 19, 2015. 

“S&P” means Standard & Poor’s Financial Services LLC. 

“Sale and Leaseback Transaction” means any arrangement, directly or indirectly, whereby Holdings, the Borrower or any
Restricted Subsidiary shall sell or transfer any real property, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such real property. 

“SEC” means the Securities and Exchange Commission or any Governmental Authority succeeding to any of its principal
functions. 
 “Security Documents” means the Collateral Agreement, the Foreign Pledge Agreements, any Mortgages
(if any) and each other security agreement or other instrument or document executed and delivered pursuant to any of the foregoing or pursuant to Section 5.11 or 5.12 to secure any of the Obligations. 

“Senior Note Documents” means the indenture or indentures under which Senior Notes are issued, all instruments,
agreements and other documents evidencing or governing the Senior Notes, providing for any Guarantee or other right in respect thereof, and all schedules, exhibits and annexes to each of the foregoing. 

“Senior Notes” means $800,000,000 in aggregate principal amount of the Borrower’s 9.875% senior unsecured notes due
2018 as the same may be amended, amended and restated, modified, supplemented and/or extended from time to time in accordance with the terms hereof and thereof, and any notes issued in exchange or replacement of the foregoing on substantially
identical terms. 
 “Senior Secured Leverage Ratio” means, with respect to any Test Period, the ratio of
(a) Consolidated Senior Secured Debt as of the last day of such Test Period to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for such Test Period. 

“Significant Subsidiary” means, at any date of determination, any Restricted Subsidiary with assets having an aggregate
fair market value of $2,500,000 or more at such date. 
 “Sold Entity or Business” has the meaning assigned to
such term in the definition of Consolidated EBITDA. 
 “Solvent” and “Solvency” mean, with
respect to any Person on any date of determination, that on such date (i) the sum of the debt (including contingent liabilities) of such Person does not exceed the present fair saleable value of the present assets of such Person; (ii) the
capital of such Person is not unreasonably small in relation to the business of such Person, contemplated as of the date of such determination; and (iii) such Person does not intend to incur, or believe that it will incur, debts including
current obligations beyond its ability to pay such debt as they mature in the ordinary course of business. 

  
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 “SPV” has the meaning assigned to such term in Section 9.04(e).

 “Sponsor” means 3G Capital Partners Ltd. 

“Sponsor Affiliate” means any Affiliate of a Sponsor other than (a) Holdings, the Borrower and the Subsidiaries and
(b) any other operating company or a Person controlled by such an operating company. 
 “Sponsor Affiliated
Lender” means the Sponsor and any Affiliate of the Sponsor (including Holdings, the Borrower and the Subsidiaries). 

“Statutory Reserve Rate” means, with respect to any currency, 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, fees or similar requirements (including any marginal, special, emergency or supplemental reserves or other requirements)
established by any central bank, monetary authority, the Board, the Financial Services Authority, the European Central Bank or other Governmental Authority for any category of deposits or liabilities customarily used to fund loans in such currency,
expressed in the case of each such requirement as a decimal. Such reserve percentages shall, in the case of U.S. Dollar denominated Loans, include those imposed pursuant to Regulation D of the Board. For purposes of this definition,
Eurocurrency Loans shall be deemed to constitute eurocurrency funding and 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 such Regulation D or any comparable 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, liquid asset or similar requirement.

 “Sterling” or “£” refers to lawful money of the United Kingdom. 

“Subordinated Debt” means unsecured Indebtedness of Holdings or the Borrower (other than intercompany Indebtedness) that
(a) does not require any scheduled payment of principal (including pursuant to a sinking fund obligation) or mandatory redemption or redemption at the option of the holders thereof (except for redemptions in respect of asset sales and changes
in control on terms that are market terms on the date of issuance) prior to the date that is 180 days after the Latest Maturity Date in effect as of the date of incurrence of such Indebtedness, (b) contains subordination and guarantee release
provisions that are market terms on the date of issuance, (c) contains other terms (including covenants, events of default, remedies, redemption provisions and change of control provisions) that are market terms on the date of issuance (as
determined in good faith by the Borrower) or are not materially more restrictive than the covenants and events of default contained in this Agreement, provided that the terms of such Indebtedness shall not in any case require the maintenance
or achievement of any financial performance standards other than as a condition to the taking of specified actions, and (d) bears interest at a rate that is a market rate of interest on the date of issuance of such Indebtedness as determined by
the Borrower in good faith. 
 “Subordinated Debt Documents” means the indenture or indentures under which any
Subordinated Debt is issued, all side letters, instruments, agreements and other documents evidencing or governing any Subordinated Debt, providing for any Guarantee or other right in respect thereof, and all schedules, exhibits and annexes to each
of the foregoing. 
 “Subordinated Refinancing Indebtedness” means any Subordinated Debt issued to refinance,
redeem or repurchase (collectively, “refinance”) any other Subordinated Debt, provided that such Subordinated Debt is in an aggregate principal amount not more than the aggregate principal amount of

  
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the Subordinated Debt being refinanced (plus any accrued but unpaid interest, fees or premium thereon, provided that such premium is either payable by the terms of the Subordinated Debt
being refinanced or is not more than a market premium at the time as determined in good faith by the Borrower). 

“subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation, limited
liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with
GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other entity of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary
voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries
of the parent. 
 “Subsidiary” means any subsidiary of the Borrower. 

“Subsidiary Loan Party” means (a) any Significant Subsidiary that is a wholly owned Domestic Subsidiary (other than
Excluded Subsidiaries) and (b) any other Subsidiary designated by the Borrower as a Subsidiary Loan Party pursuant to written notice to the Administrative Agent. 
 “Swap Agreement” means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement 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 Holdings, the Borrower or the Restricted Subsidiaries shall be a
Swap Agreement. 
 “Swingline Borrowing” means a Borrowing comprised of Swingline Loans. 

“Swingline Commitment” means the commitment of the Swingline Lender to make Swingline Loans. 

“Swingline Exposure” means, at any time, the aggregate principal amount of all Swingline Loans outstanding at such time.
The Swingline Exposure of any Revolving Lender at any time shall be its Applicable Percentage of the Swingline Exposure at such time. 
 “Swingline Lender” means JPMorgan Chase Bank, N.A., in its capacity as lender of Swingline Loans hereunder. 
 “Swingline Loan” means a Loan made pursuant to Section 2.04. 

“Syndication Agents” means Barclays Bank PLC and Bank of America, N.A., in their capacity as syndication agents for the
Lenders hereunder, and their respective successors in such capacity. 
 “Taxes” means any and all present or
future taxes, levies, imposts, duties, deductions, charges or withholdings imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term Borrowing” means a Borrowing comprised of Term Loans. 

  
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 “Term Commitments” means the Tranche A Commitments, the Tranche B
Commitments and any commitments to make Incremental Term Loans. 
 “Term Lenders” means the Tranche A Term
Lenders, the Tranche B Term Lenders and any Lenders with an outstanding Incremental Term Loan or a Commitment to make an Incremental Term Loan. 
 “Term Loans” means the Tranche A Term Loans, the Tranche B Term Loans and any Incremental Term Loans. 
 “Test Period” means, at any date of determination, the most recently completed four consecutive fiscal quarters of the Borrower ending on or prior to such date. 

“Total Assets” means, on any date, the aggregate amount of assets of the Borrower and the Restricted Subsidiaries on a
consolidated basis, as shown on the most recent consolidated balance sheet of the Borrower and the Restricted Subsidiaries, determined on a consolidated basis in accordance with GAAP, but giving pro forma effect to the relevant asset sale and the
use of proceeds therefrom. 
 “Total Leverage Ratio” means, with respect to any Test Period, the ratio of
(a) Consolidated Total Debt as of the last day of such Test Period to (b) Consolidated EBITDA of the Borrower for such Test Period. 
 “Tranche A Addendum” means either a “Tranche A Funding Lender” Addendum or a “Tranche A Existing Funding Lender” Addendum, substantially in the form of Exhibit L-1 or
Exhibit L-2 respectively. 
 “Tranche A Applied Prepayment Amount” has the meaning, with respect to any Tranche
A Existing Funding Lender, assigned to the term “Applied Prepayment Amount” on such Lender’s Tranche A Addendum. 

“Tranche A Commitment” means, with respect to each Lender, the commitment, if any, of such Lender under this Agreement
to make a Tranche A Term Loan (which, in the case of Tranche A Existing Funding Lenders, shall mean an election to use the proceeds of a prepayment of Existing Tranche B Term Loans to make a Tranche A Term Loan hereunder), in each case on the
Closing Date, expressed as an amount representing the maximum principal amount of the Tranche A Term Loan to be made by such Lender hereunder. The initial amount of each Lender’s Tranche A Commitment on the Closing Date is as set forth on its
Tranche A Addendum. The initial aggregate amount of the Lenders’ Tranche A Commitments on the Closing Date is $1,030,000,000. 
 “Tranche A Existing Funding Lender” means any Lender that has elected on its Tranche A Addendum to fund its Tranche A Term Loans with the deemed prepayment proceeds of its Existing
Tranche B Term Loans. 
 “Tranche A Existing Lender Commitment” means, as to any Tranche A Existing Funding
Lender, the Tranche A Applied Prepayment Amount of such Lender. 
 “Tranche A Funding Commitment” means as to
any Lender, the portion (if any) of its Tranche A Commitment which appears under the heading “Tranche A Commitment Funding Amount” on its Tranche A Addendum. 
 “Tranche A Maturity Date” means September 28, 2017. 

  
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 “Tranche A Term Lender” means a Lender with a Tranche A Commitment or an
outstanding Tranche A Term Loan. 
 “Tranche A Term Loans” means Loans made pursuant Section 2.01(a).

 “Tranche B Addendum” means either an “Existing Funding Lender” Addendum or a “Funding
Lender” Addendum, substantially in the form of Exhibit K-1 or Exhibit K-2 respectively. 
 “Tranche B Applied
Prepayment Amount” has the meaning, with respect to any Existing Funding Lender, assigned to the term “Applied Prepayment Amount” on such Lender’s Tranche B Addendum. 

“Tranche B Commitment” means, with respect to each Lender, the commitment, if any, of such Lender under this Agreement
to make a Tranche B Term Loan hereunder (which, in the case of Existing Funding Lenders, shall mean an election to use the proceeds of a prepayment of Existing Tranche B Term Loan to make a Tranche B Term Loan hereunder), in each case on the Closing
Date, expressed as an amount representing the maximum principal amount of the Tranche B Term Loan to be made by such Lender hereunder. The initial amount of each Lender’s Tranche B Commitment on the Closing Date is as set forth on its Tranche B
Addendum. The initial aggregate amount of the Lenders’ Tranche B Commitments on the Closing Date is $705,000,000. 

“Tranche B Existing Lender Commitment” means, as to any Existing Funding Lender, the Tranche B Applied Prepayment Amount
of such Lender. 
 “Tranche B Funding Commitment” means as to any Lender, the portion (if any) of its Tranche B
Commitment which appears under the heading “Tranche B Commitment Funding Amount” on its Tranche B Addendum. 

“Tranche B Maturity Date” means September 28, 2019. 

“Tranche B Term Lender” means a Lender with a Tranche B Commitment or an outstanding Tranche B Term Loan. 

“Tranche B Term Loans” means Loans made pursuant to Section 2.01(b). 

“Transactions” means the repayment of all Indebtedness outstanding under the Existing Credit Agreement, the entry into
this Agreement and the other Loan Documents to be entered into on the Closing Date and the incurrence of Indebtedness hereunder. 
 “Transaction Costs” means all fees, costs and expenses incurred or payable by Holdings, the Borrower or any Subsidiary in connection with the Transactions. 

“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 Eurocurrency Rate or the Alternate Base Rate. 

“Unrestricted Subsidiary” means any Subsidiary of the Borrower designated by the board of directors of Holdings as an
Unrestricted Subsidiary pursuant to Section 5.13 subsequent to the Closing Date. 
 “U.S. Dollars” or
“$” refers to lawful money of the United States of America. 

  
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 “U.S. Dollar Equivalent” means, on any date of determination, (a) with
respect to any amount in U.S. Dollars, such amount, and (b) with respect to any amount in any other currency, the equivalent in U.S. Dollars of such amount, determined by the Administrative Agent pursuant to Section 1.06 using the Exchange
Rate with respect to such currency at the time in effect under the provisions of such Section. 
 “U.S. Revolving
Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make U.S. Revolving Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s U.S. Revolving Exposure
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 Section 9.04. The initial amount
of each Lender’s U.S. Revolving Commitment on the Closing Date is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its U.S. Revolving Commitment, as the case may be. The initial
aggregate amount of the Lenders’ U.S. Revolving Commitments on the Closing Date is $7,000,000. 
 “U.S. Revolving
Exposure” means, at any time, the aggregate principal amount of the U.S. Revolving Loans outstanding at such time. The U.S. Revolving Exposure of any Lender at any time shall be its Applicable Percentage of the U.S. Revolving Exposure at
such time. 
 “U.S. Revolving Lender” means a Lender with a U.S. Revolving Commitment or, if the U.S. Revolving
Commitments have terminated or expired, a Lender with U.S. Revolving Exposure. 
 “U.S. Revolving Loan” means a
Loan made pursuant to clause (c)(ii) of Section 2.01. 
 “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 directors’ qualifying shares and shares required by applicable law to be issued to
nationals or citizens) 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. 
 “Withholding
Agent” means any Loan Party, any Additional Guarantor and the Administrative Agent. 
 SECTION
1.02 Classification of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a “Revolving Loan”) or by Type (e.g., a “Eurocurrency Loan”) or by
Class and Type (e.g. , a “Eurocurrency Revolving Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Revolving Borrowing”) or by Type (e.g., a “Eurocurrency Borrowing”) or
by Class and Type (e.g., a “Eurocurrency 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, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to
time amended, 

  
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amended and restated, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any reference herein to any
Person shall be construed to include such Person’s successors and assigns, (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) 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 (e) 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 that, if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision (including any definition) hereof to
eliminate the effect of any change occurring after the Closing 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. 
 SECTION 1.05 Pro Forma Calculations. With respect to any period during which any Permitted Acquisition, any Permitted Sale and Leaseback Transaction or any sale, transfer or other disposition
of any material assets outside the ordinary course of business occurs, calculations of the Total Leverage Ratio, the Senior Secured Leverage Ratio, the Interest Coverage Ratio and the Rent-Adjusted Leverage Ratio with respect to such period shall be
made on a Pro Forma Basis. 
 SECTION 1.06 Currency Translation. (a) For purposes of determining compliance as
of any date with Section 6.01, 6.02, 6.03, 6.05, 6.06, 6.07 or 6.08, or for purposes of making any determination under paragraph (f), (g) or (k) of Article VII, amounts incurred or outstanding in currencies other than U.S. Dollars
shall be translated into U.S. Dollars at the exchange rates in effect on the last Business Day of the fiscal quarter immediately preceding the fiscal quarter in which such determination occurs or in respect of which such determination is being made,
as such exchange rates shall be determined in good faith by the Borrower by reference to customary indices, provided that if any Indebtedness is incurred to refinance other Indebtedness denominated in a currency other than U.S. Dollars, and such
refinancing would cause the applicable U.S. Dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, the limitation on the permitted amount of such
Indebtedness will be deemed not to have been exceeded so long as the principal amount of such refinancing Indebtedness does not exceed the principal amount of such Indebtedness being refinanced (and, for the purposes of this proviso, if refinancing
Indebtedness is to be incurred in a different currency from the Indebtedness being refinanced, the principal amount of such refinancing Indebtedness and the Indebtedness being refinanced will be calculated based on the currency exchange rate in
effect on the date of such refinancing with respect to the currencies in which such respective Indebtedness is denominated). For purposes of determining compliance as of any date with Section 6.04, amounts incurred or outstanding in currencies
other than U.S. Dollars shall be translated into U.S. Dollars at the exchange rates in effect on the last Business Day of the fiscal quarter immediately preceding the fiscal quarter in which such amount was incurred, as such exchange rates shall be
determined in good faith by the Borrower by reference to customary indices. No Default shall arise as a result of any limitation or threshold set forth in U.S. Dollars in Section 6.01, 6.02, 6.03, 6.04, 6.05, 6.06, 6.07 or 6.08 or paragraph
(f), (g) or (k) of Article VII being exceeded solely as a result of changes in currency exchange rates from those rates applicable on the last day of the fiscal quarter immediately preceding the

  
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fiscal quarter in which such determination occurs or in respect of which such determination is being made or such amount was incurred, as the case may be. Otherwise, where applicable, amounts
expressed in U.S. Dollars, or required to be calculated in U.S. Dollars, shall be deemed to include any component thereof denominated in an Alternative Currency based upon the U.S. Dollar Equivalent of such component. 

(b) (i) The Administrative Agent shall determine the U.S. Dollar Equivalent of any Alternative Currency Letter of Credit as of each
date (with such date to be reasonably determined by the Administrative Agent) that is on or about the date of each request for the issuance, amendment, renewal or extension of such Alternative Currency Letter of Credit, using the Exchange Rate for
the applicable currency in relation to U.S. Dollars in effect on the date of determination, and each such amount shall be the U.S. Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this
Section 1.06(b)(i). 
 (ii) The Administrative Agent shall determine the U.S. Dollar Equivalent of any Borrowing
denominated in any Alternative Currency as of each date (with such date to be reasonably determined by the Administrative Agent) that is on or about the date of a Borrowing Request or Interest Election Request with respect to such Borrowing, in each
case using the Exchange Rate for the applicable currency in relation to U.S. Dollars in effect on the date of determination, and each such amount shall be the U.S. Dollar Equivalent of such Borrowing until the next required calculation thereof
pursuant to this Section 1.06(b)(ii). 
 (iii) The U.S. Dollar Equivalent of any LC Disbursement made by any Issuing
Bank in any Alternative Currency and not reimbursed by the Borrower shall be determined as set forth in paragraph (e) or (m) of Section 2.05, as applicable. In addition, the U.S. Dollar Equivalent of the LC Exposure shall be
determined as set forth in paragraph (j) of Section 2.05, at the time and in the circumstances specified therein. 

(iv) The Administrative Agent shall notify the Borrower, the applicable Lenders and the applicable Issuing Bank of each calculation of
the U.S. Dollar Equivalent of each Letter of Credit, Borrowing and L/C Disbursement. 
 (v) The Administrative Agent shall
determine the U.S. Dollar Equivalent of the outstanding principal amount of any Term Loan denominated in Euros as of each date (with such date to be reasonably determined by the Administrative Agent) that is on or about the date of a prepayment
with respect to such Term Loan, in each case using the Exchange Rate for Euros in relation to U.S. Dollars in effect on the date of determination. 
 ARTICLE II 
 THE CREDITS 

SECTION 2.01 Commitments. Subject to the terms and conditions set forth herein, (a) each Lender having a Tranche A
Commitment agrees to make a Tranche A Term Loan in U.S. Dollars to the Borrower on the Closing Date in a principal amount equal to its Tranche A Existing Lender Commitment or Tranche A Funding Commitment, as applicable, (b) each Lender having a
Tranche B Commitment agrees to make a Tranche B Term Loan in U.S. Dollars to the Borrower on the Closing Date in a principal amount equal to its Tranche B Existing Lender Commitment or Tranche B Funding Commitment, as applicable and (c) each
Lender having a Revolving Commitment agrees (i) to make Global Revolving Loans to the Borrower from time to time during the Revolving Availability Period in U.S. Dollars or in any Alternative Currency in an aggregate principal amount that will
not result in such Lender’s Global Revolving Exposure exceeding such Lender’s Global Revolving Commitment and (ii) to make U.S. 

  
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Revolving Loans to the Borrower from time to time during the Revolving Availability Period in U.S. Dollars in an aggregate principal amount that will not result in such Lender’s U.S.
Revolving Exposure exceeding such Lender’s U.S. Revolving Commitment, provided that no Global Revolving Loan shall be made in an Alternative Currency if, after the making of such Global Revolving Loan, the U.S. Dollar Equivalent of the
aggregate principal amount of outstanding Global Revolving Loans denominated in an Alternative Currency would exceed $50,000,000. 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 (other than a Swingline 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 no Lender shall be
responsible for any other Lender’s failure to make Loans as required. 
 (b) Subject to Section 2.14, (i) each
Revolving Borrowing denominated in an Alternative Currency shall be comprised entirely of Eurocurrency Loans and (ii) each Revolving Borrowing denominated in U.S. Dollars and each Term Borrowing of Tranche A Term Loans or Tranche B Term Loans
shall be comprised entirely of ABR Loans or Eurocurrency Loans as the Borrower may request in accordance herewith. Each Swingline Loan shall be an ABR Loan. Each Lender at its option may make any Eurocurrency 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 Eurocurrency 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. At the time that each ABR Revolving 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. Each Swingline Loan shall be in an amount that is an integral multiple of $100,000 and not less than $1,000,000. 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 twelve Eurocurrency Borrowings outstanding. Notwithstanding anything to the contrary herein, an ABR Revolving Borrowing may be in an aggregate amount that is equal to the entire unused balance of
the aggregate Global Revolving Commitments or aggregate U.S. Revolving Commitments, as the case may be, and a Swingline Loan may be in an aggregate amount that is equal to the entire unused balance of the aggregate Global Revolving Commitments or
that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.05(e). 
 (d)
Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Revolving Maturity
Date, the Tranche A Maturity Date or the Tranche B Maturity Date, as the case may be. 
 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, or by hand delivery or telecopy to the Administrative Agent of a written Borrowing Request in a form
approved by the Administrative Agent and signed by the Borrower (a) in the case of a Eurocurrency Borrowing denominated in U.S. Dollars, not later than 11:00 a.m., New York City time, three Business Days before the date of the proposed
Borrowing (other than the initial Borrowing hereunder), (b) in the case of a Eurocurrency Borrowing denominated in an Alternative Currency, not later than 11:00 am, New York 

  
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City time, four Business Days before the date of the proposed Borrowing (other than the initial Borrowing hereunder) or (c) in the case of an ABR Borrowing or the initial Borrowing
hereunder, not later than 1:00 p.m., New York City time, one Business Day before the date of the proposed Borrowing, provided that any such notice of an ABR Revolving Borrowing to finance the reimbursement of an LC Disbursement as contemplated by
Section 2.05(e) may be given not later than 10:00 a.m., New York City time, on the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the
Administrative Agent of a written Borrowing Request in a form approved by the Administrative Agent and 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, Tranche A Term Loan Borrowing, Tranche B Term Loan Borrowing or a
Borrowing of any Incremental Term Loan; 
 (ii) the currency and 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 Eurocurrency Borrowing; 

(v) in the case of a Eurocurrency 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; and 
 (vii) that as of such
date Sections 4.02(a) and (b) are satisfied. 
 If no currency is specified with respect to any Eurocurrency Revolving
Borrowing, then the Borrower shall be deemed to have selected U.S. Dollars. If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be (i) in the case of a Borrowing denominated in U.S. Dollars, an ABR
Borrowing, and (ii) in the case of a Borrowing denominated in an Alternative Currency, a Eurocurrency Borrowing. If no Interest Period is specified with respect to any requested Eurocurrency Revolving 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 details thereof and of the amount of
such Lender’s Loan to be made as part of the requested Borrowing. 
 SECTION 2.04 Swingline Loans.
(a) Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make Swingline Loans to the Borrower in U.S. Dollars from time to time during the Revolving Availability Period, in an aggregate principal amount at any
time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $25,000,000 or (ii) the aggregate Global Revolving Exposures exceeding the aggregate Global Revolving Commitments,
provided that the Swingline Lender shall not make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow
Swingline Loans. 
 (b) To request a Swingline Loan, the Borrower shall notify the Administrative Agent of such request by
telephone (confirmed by telecopy), not later than 12:00 noon, New York City time, on the day of such proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day) and amount of
the requested Swingline Loan. The Administrative Agent will promptly advise the Swingline Lender of any such notice received from the Borrower. The 

  
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Swingline Lender shall make each Swingline Loan available to the Borrower by means of a credit to the general deposit account of the Borrower maintained with the Swingline Lender (or, in the case
of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(e), by remittance to the applicable Issuing Bank or, to the extent that the Global Revolving Lenders have made payments pursuant to
Section 2.05(e) to reimburse the applicable Issuing Bank, to such Lenders and such Issuing Bank as their interests may appear) by 3:00 p.m., New York City time, on the requested date of such Swingline Loan. 

(c) The Swingline Lender may by written notice given to the Administrative Agent not later than 12:00 noon, New York City time, on any
Business Day require the Global Revolving Lenders to acquire participations on such Business Day in all or a portion of the Swingline Loans outstanding. Such notice shall specify the aggregate amount of Swingline Loans in which Global Revolving
Lenders will participate. Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each Global Revolving Lender, specifying in such notice such Lender’s Applicable Percentage of such Swingline Loan or Swingline
Loans. Each Global Revolving Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative Agent, for the account of the Swingline Lender, such Lender’s Applicable Percentage of such
Swingline Loan or Swingline Loans. Each Global Revolving Lender acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute and unconditional and shall not be affected by any
circumstance whatsoever, including the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each Global
Revolving Lender shall comply with its obligation under this paragraph by wire transfer of immediately available funds, 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 Global Revolving Lenders), and the Administrative Agent shall promptly pay to the Swingline Lender the amounts so received by it from the Global Revolving Lenders. The Administrative Agent
shall notify the Borrower of any participations in any Swingline Loan acquired pursuant to this paragraph, and thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and not to the Swingline Lender. Any
amounts received by the Swingline Lender from the Borrower (or other party on behalf of the Borrower) in respect of a Swingline Loan after receipt by the Swingline Lender of the proceeds of a sale of participations therein shall be promptly remitted
to the Administrative Agent and any such amounts received by the Administrative Agent shall be promptly remitted by the Administrative Agent to the Global Revolving Lenders that shall have made their payments pursuant to this paragraph and to the
Swingline Lender, as their interests may appear, provided that any such payment so remitted shall be repaid to the Swingline Lender or the Administrative Agent, as the case may be, if and to the extent such payment is required to be refunded
to the Borrower for any reason. The purchase of participations in a Swingline Loan pursuant to this paragraph shall not relieve the Borrower of any default in the payment thereof. 

(d) Provisions Related to Extended Revolving Commitments. If the maturity date shall have occurred in respect of any tranche of
Revolving Commitments at a time when another tranche or tranches of Revolving Commitments is or are in effect with a longer maturity date, then on the earliest occurring maturity date all then outstanding Swingline Loans shall be repaid in full on
such date (and there shall be no adjustment to the participations in such Swingline Loans as a result of the occurrence of such maturity date); provided, however, that if on the occurrence of such earliest maturity date (after giving
effect to any repayments of Revolving Loans and any reallocation of Letter of Credit participations as contemplated in Section 2.05(n)), there shall exist sufficient unutilized Extended Revolving Commitments so that the respective outstanding
Swingline Loans could be incurred pursuant the Extended Revolving Commitments which will remain in effect after the occurrence of such maturity date, then there shall be an automatic adjustment on such date of the participations in such Swingline
Loans and same shall be deemed to have been incurred solely pursuant to the relevant Extended Revolving Commitments, and such Swingline Loans shall not be so required to be repaid in full on such earliest maturity date. 

  
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 SECTION 2.05 Letters of Credit. (a) General. Subject to the terms
and conditions set forth herein, the Borrower may request the issuance of Letters of Credit for its own account (or for the account of any Subsidiary so long as the Borrower and such Subsidiary are co-applicants), in a form reasonably acceptable to
the Administrative Agent and the applicable Issuing Bank, at any time and from time to time during the Revolving Availability Period. The parties hereto agree that the Existing Letters of Credit will automatically, without any further action on the
part of any Person, be deemed to be Letters of Credit hereunder issued hereunder on the Closing Date for the account of the Borrower or any Restricted Subsidiary and the Borrower as co-applicant. Without limiting the foregoing (i) each such
Existing Letter of Credit shall be included in the calculation of the LC Exposure, (ii) all liabilities of the Borrower and the other Loan Parties with respect to such Existing Letters of Credit shall constitute Obligations and (iii) each
Lender shall have reimbursement obligations with respect to such Existing Letters of Credit as provided in Section 2.05(e). In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any
form of letter of credit application or other agreement submitted by the Borrower to, or entered into by the Borrower with, an Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. 

(b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a Letter of Credit (or the
amendment, renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the applicable Issuing Bank) to the
applicable Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be
amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section),
the amount of such Letter of Credit, the currency in which such Letter of Credit is to be denominated, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew 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, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension,
(i) the LC Exposure shall not exceed $75,000,000 and (ii) the aggregate Global Revolving Exposures shall not exceed the aggregate Global Revolving Commitments. 
 (c) 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, in the case of any renewal or extension thereof, one year after such renewal or extension) and (ii) the date that is five Business Days prior to the Revolving Maturity Date, provided, however, that a Letter of Credit
may, upon the request of the Borrower, include a provision whereby such Letter of Credit shall be renewed automatically for additional consecutive periods of one year or less (but not beyond the date that is five Business Days prior to the Revolving
Maturity Date) unless the applicable Issuing Bank notifies the beneficiary thereof at least 30 days prior to the then-applicable expiration date that such Letter of Credit will not be renewed. 

(d) Participations. By 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 applicable Issuing Bank or the Lenders, such Issuing Bank hereby grants to each Global Revolving Lender, and each Global 

  
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Revolving Lender hereby acquires from such Issuing Bank, a participation in such Letter of Credit equal to such 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 Global Revolving Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the applicable Issuing Bank, such
Lender’s Applicable Percentage of (i) each LC Disbursement made by such Issuing Bank in U.S. Dollars and (ii) the U.S. Dollar Equivalent, using the Exchange Rate in effect on the date such payment is required, of each LC
Disbursement made by such Issuing Bank in an Alternative Currency and, in each case, not reimbursed by the Borrower on the date due as provided in paragraph (e) of this Section, or of any reimbursement payment required to be refunded to the
Borrower for any reason (or if such LC Disbursement or reimbursement payment was refunded in an Alternative Currency, the U.S. Dollar Equivalent thereof using the Exchange Rate in effect on the date of such refund). Each Global Revolving Lender
acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal
or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.

 (e) Reimbursement. If the applicable 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 an amount equal to such LC Disbursement, in the currency in which such LC Disbursement is made, not later than 3:00 p.m., New York City time, on the date that such
LC Disbursement is made, if the Borrower shall have received notice of such LC Disbursement prior to 10:00 a.m., New York City time, on such date, or, if such notice has not been received by the Borrower prior to such time on such date, then not
later than (i) 3:00 p.m., New York City time, on the Business Day that the Borrower receives such notice, if such notice is received prior to 10:00 a.m., New York City time, on the day of receipt, or (ii) 12:00 noon, New York City time, on
the Business Day immediately following the day that the Borrower receives such notice, if such notice is not received prior to 10:00 a.m., New York City time, on the day of receipt, provided that, if such LC Disbursement is not less than
$1,000,000, the Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 or 2.04 that such payment be financed with an ABR Revolving Borrowing or Swingline Loan 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 or Swingline Loan. If the Borrower fails to make such payment when due (or if any such
reimbursement payment is required to be refunded to the Borrower for any reason), then (A) if such payment relates to an Alternative Currency Letter of Credit, automatically and with no further action required, the Borrower’s obligation to
reimburse the applicable LC Disbursement shall be permanently converted into an obligation to reimburse the U.S. Dollar Equivalent, calculated using the Exchange Rate on the date when such payment was due, of such LC Disbursement and
(B) in the case of each LC Disbursement, the Administrative Agent shall notify the applicable Issuing Bank and each Global Revolving Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such
Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Global Revolving Lender shall pay to the Administrative Agent its Applicable Percentage of the payment then due from the Borrower, 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 Global Revolving Lenders), and the Administrative Agent shall promptly pay to the
applicable Issuing Bank the amounts so received by it from the Global 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 Global Revolving Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Lenders and such Issuing Bank as their interests may appear. Any
payment made by a Global Revolving Lender pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement (other than the funding of ABR 

  
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Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement. If the
Borrower’s reimbursement of, or obligation to reimburse, any amounts in any Alternative Currency would subject the Administrative Agent, the applicable Issuing Bank or any Lender to any stamp duty, ad valorem charge or similar tax that would
not be payable if such reimbursement were made or required to be made in U.S. Dollars, the Borrower shall, at its option, either (x) indemnify the Administrative Agent, the relevant Issuing Bank or such Lender for the full amount of any such
tax in accordance with, and subject to, the procedures set forth in Section 2.17(c) or (y) reimburse each LC Disbursement made in such Alternative Currency in U.S. Dollars, in an amount equal to the U.S. Dollar Equivalent, calculated
using the applicable Exchange Rate on the date such LC Disbursement is made, of such LC Disbursement. 
 (f) Obligations
Absolute. The Borrower’s obligation to reimburse LC Disbursements as provided in paragraph (e) of this Section shall be 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 the applicable 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. Neither the Administrative Agent, the Lenders nor any Issuing Bank, nor 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 such Issuing Bank, provided that the foregoing shall not be construed to excuse the applicable Issuing Bank from liability to the Borrower
to the extent of any direct damages (as opposed to consequential 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 the applicable
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 the applicable Issuing Bank (as finally determined by a court of competent jurisdiction), 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, the applicable 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. 
 (g) Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit.
Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) 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 such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Global Revolving Lenders with respect to any such LC Disbursement in accordance with paragraph (e) of this
Section. 

  
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 (h) 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, (i) if such LC Disbursement is made in U.S. Dollars, at the rate per annum then applicable to ABR Revolving Loans and (ii) if such LC Disbursement is made in an Alternative Currency, at the
rate per annum then applicable to Eurocurrency Revolving Loans, provided that, in each case, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(c) shall
apply. Interest accrued pursuant to this paragraph shall be 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 (e) of this Section to
reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment. 
 (i) Replacement of an
Issuing Bank. An Issuing Bank may be replaced at any time by written agreement among the Borrower, the Administrative Agent, the replaced Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such
replacement of an Issuing Bank. At the time any such replacement shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 2.12(b). From and after the effective date
of any such replacement, (i) the 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 replacement of an Issuing Bank hereunder, the replaced
Issuing Bank shall remain a party hereto 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, but shall not be required to issue
additional Letters of Credit. 
 (j) Cash Collateralization. If any Event of Default 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, Global Revolving Lenders with LC Exposure representing greater than 50% of the LC
Exposure) 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, an amount in cash in
U.S. Dollars equal to the LC Exposure as of such date plus any accrued and unpaid interest thereon, provided that (i) the portions of such amount attributable to undrawn Alternative Currency Letters of Credit or LC Disbursements in an
Alternative Currency that the Borrower is not late in reimbursing shall be deposited in the applicable Alternative Currencies in the actual amounts of such undrawn Letters of Credit and LC Disbursements and (ii) 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 Holdings or the Borrower described
in paragraph (h) or (i) of Article VII. For the purposes of this paragraph, the Alternative Currency LC Exposure shall be calculated using the Exchange Rates on the date notice demanding cash collateralization is delivered to the Borrower.
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. 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 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 each Issuing Bank for LC Disbursements for which it has not been 

  
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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 at such time or, if the maturity of the Loans
has been accelerated (but subject to the consent of Global Revolving Lenders with LC Exposure representing greater than 50% of the LC Exposure), 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, 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. 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 Default shall have occurred and be continuing. 
 (k) Additional Issuing Banks. From time to time, the Borrower may by notice to the Administrative Agent designate a Global Revolving Lender (in addition to JPMorgan Chase Bank, N.A.) that agrees
(in its sole discretion) to act in such capacity and which is reasonably satisfactory to the Administrative Agent, as an Issuing Bank, provided that the Syndication Agents shall be deemed reasonably satisfactory to the Administrative Agent
for purposes of this paragraph (k). Such additional Issuing Bank shall execute a counterpart of this Agreement in such capacity and shall thereafter be an Issuing Bank hereunder for all purposes. 

(l) Issuing Bank Agreements. Unless otherwise requested by the Administrative Agent, each Issuing Bank shall report in writing to
the Administrative Agent (i) on the first Business Day of each week, the daily activity (set forth by day) in respect of Letters of Credit during the immediately preceding week, including all issuances, extensions, amendments and renewals, all
expirations and cancelations and all disbursements and reimbursements, (ii) on or prior to each Business Day on which such Issuing Bank expects to issue, amend, renew or extend any Letter of Credit, the date of such issuance, amendment, renewal
or extension, and the aggregate face amount of the Letters of Credit to be issued, amended, renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension occurred (and whether the amount thereof
changed), it being understood that such Issuing Bank shall not permit any issuance, renewal, extension or amendment resulting in an increase in the amount of any Letter of Credit to occur without first obtaining written (or, with respect to any
Issuing Bank, if the Administrative Agent so agrees with respect to such Issuing Bank, telephonic) confirmation from the Administrative Agent that such issuance is then permitted under this Agreement, (iii) on each Business Day on which such
Issuing Bank makes any LC Disbursement in respect of any Letter of Credit, the date of such LC Disbursement and the 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 and currency of such LC Disbursement and (v) on any other Business Day, such other information as the Administrative Agent shall reasonably request.

 (m) Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Article VII,
all amounts (i) that the Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in
respect of which such Borrower has deposited cash collateral pursuant to paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Global
Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Bank pursuant to paragraph
(e) of this Section in respect of unreimbursed LC Disbursements made under any Alternative Currency Letter of Credit and (iii) of each Global Revolving Lender’s participation in any Alternative Currency Letter of Credit under which an
LC Disbursement has been made shall, automatically and with no further action required, be converted into the U.S. Dollar Equivalent, calculated 

  
 49 

 
using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all
amounts accruing and owed to the Administrative Agent, the applicable Issuing Bank or any Lender in respect of the obligations described in this paragraph shall accrue and be payable in U.S. Dollars at the rates otherwise applicable hereunder.

 (n) Provisions Related to Extended Revolving Commitments. If the maturity date in respect of any tranche of Revolving
Commitments occurs prior to the expiration of any Letter of Credit, then (i) if one or more other tranches of Revolving Commitments in respect of which the maturity date shall not have occurred are then in effect, such Letters of Credit shall
automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Lenders to purchase participations therein and to make Revolving Loans and payments in respect thereof pursuant to Section 2.05(e)) under
(and ratably participated in by Lenders pursuant to) the Revolving Commitments in respect of such non-terminating tranches up to an aggregate amount not to exceed the aggregate principal amount of the unutilized Revolving Commitments thereunder at
such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the Borrower shall cash collateralize any such Letter
of Credit in accordance with Section 2.05(j). If, for any reason, such cash collateral is not provided or the reallocation does not occur, the Revolving Lenders under the maturing tranche shall continue to be responsible for their participating
interests in the Letters of Credit. Except to the extent of reallocations of participations pursuant to clause (i) of the second preceding sentence, the occurrence of a maturity date with respect to a given tranche of Revolving Commitments
shall have no effect upon (and shall not diminish) the percentage participations of the Revolving Lenders in any Letter of Credit issued before such maturity date. Commencing with the maturity date of any tranche of Revolving Commitments, the
sublimit for Letters of Credit shall be agreed with the Lenders under the extended tranches. 
 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 account of the Administrative Agent
most-recently designated by it for such purpose by notice to the Lenders, provided that Swingline Loans shall be made as provided in Section 2.04. 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 maintained with the Administrative Agent or otherwise designated by the Borrower (i) in the case of Loans denominated in U.S. Dollars, in New York City and
(ii) in the case of Loans denominated in Euro or Sterling, in London, and in each case designated by the Borrower in the applicable Borrowing Request, provided that Revolving Loans made to finance the reimbursement of an LC Disbursement
as provided in Section 2.05(e) 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(e) to reimburse such Issuing Bank, then to
such Lenders and the applicable 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 upon 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 and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest
thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender, (x) if such Borrowing is denominated in
U.S. Dollars, the greater of the Federal Funds Effective Rate and a rate determined by the 

  
 50 

 
Administrative Agent in accordance with banking industry rules on interbank compensation, and (y) if such Borrowing is denominated in an Alternative Currency, the rate reasonably determined
by the Administrative Agent to be the cost to it of funding such amount, or (ii) in the case of the Borrower, the interest rate applicable to such Borrowing. If such Lender pays such amount to the Administrative Agent, then such amount shall
constitute such Lender’s Loan included in such Borrowing. 
 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 Eurocurrency 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 Eurocurrency Borrowing, may elect Interest Periods
therefor, all as provided in this Section, provided that the Borrower may not elect to convert any Borrowing denominated in an Alternative Currency to an ABR Borrowing and may not change the currency in which any Borrowing is denominated. 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. This Section shall not apply to Swingline Borrowings, which may not be converted or continued. 
 (b) To make an election pursuant to this Section, the Borrower shall notify the Administrative Agent of such election by telephone or by hand delivery or telecopy to the Administrative Agent of a written
Interest Election Request in a form approved by the Administrative Agent and signed by the Borrower by the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Revolving 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 or telecopy to the Administrative Agent of a written
Interest Election Request in a form approved by the Administrative Agent and signed by the Borrower. 
 (c) Each telephonic and
written Interest Election Request shall specify the following information in compliance with Section 2.02: 
 (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 Eurocurrency Borrowing; and 
 (iv) if the resulting Borrowing is a
Eurocurrency 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 Eurocurrency 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. 

  
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 (d) Promptly following receipt of an Interest Election Request, the Administrative Agent
shall advise each Lender 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 Eurocurrency 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 (unless such Borrowing is denominated in an Alternative Currency, in which case the Borrower shall be deemed to have selected an Interest Period of one month for such Borrowing).
Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and (other than in the case of an Event of Default of the type described in paragraph (h) or (i) of Article VII with respect to Holdings
or the Borrower) the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower (and, in the case of an Event of Default of the type described in paragraph (h) or (i) of Article VII with respect to Holdings or
the Borrower, automatically), then, so long as an Event of Default is continuing (i) no outstanding Revolving Borrowing denominated in an Alternative Currency may be continued for an Interest Period of more than one month’s duration,
(ii) no outstanding Borrowing denominated in U.S. Dollars may be converted to or continued as a Eurocurrency Borrowing and (iii) unless repaid, each Eurocurrency Borrowing denominated in U.S. Dollars shall be converted to an ABR Borrowing
at the end of the Interest Period applicable thereto. 
 SECTION 2.08 Termination and Reduction of Commitments.
(a) (i) The Tranche A Commitments of each Tranche A Term Lender shall automatically and permanently be reduced to $0 upon the funding of Tranche A Term Loans on the Closing Date and (ii) the Tranche B Commitments of each Tranche B
Term Lender shall automatically and permanently be reduced to $0 upon the funding of Tranche B Term Loans on the Closing Date. Unless previously terminated, the Revolving Commitments (other than any Extended Revolving Commitments) shall terminate on
the Revolving Maturity Date. The Extended Revolving Commitments shall terminate on the respective maturity dates applicable thereto. 
 (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 $1,000,000 and not less than $10,000,000, (ii) the Borrower may not terminate either Class of Revolving Commitments without also terminating the other Class of Revolving Commitments, and any reduction of
Revolving Commitments shall be allocated pro rata between the Global Revolving Commitments and the U.S. Revolving Commitments (based on the aggregate Commitments of each such Class) and (iii) the Borrower shall not terminate or reduce either
Class of the Revolving Commitments if, after giving effect to any concurrent prepayment of the Revolving Loans of such Class in accordance with Section 2.11, the aggregate Revolving Exposures of such Class (excluding, in the case of any
termination of the Global Revolving Commitments, the portion of the Global Revolving Exposures attributable to outstanding Letters of Credit if and to the extent that the Borrower had made arrangements satisfactory to the Administrative Agent and
the applicable Issuing Bank with respect to such Letters of Credit and such Issuing Bank has released the Global Revolving Lenders from their participation obligations with respect to such Letters of Credit) would exceed the aggregate Revolving
Commitments of such Class. 
 (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 three Business Days 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, in which case such notice may be revoked by the

  
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Borrower (by notice to the Administrative Agent on or prior to the specified effective date) 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 (or, with respect to any Loans outstanding with respect to an Extended Revolving Commitment, the maturity date applicable thereto), (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 and (iii) to the Swingline Lender the then unpaid principal amount of each Swingline Loan on
the earlier of the Revolving Maturity Date (or, with respect to any Swingline Loans outstanding with respect to an Extended Revolving Commitment, the maturity date applicable thereto) and the first date after such Swingline Loan is made that is the
15th or last day of a calendar month and is at least three Business Days after such Swingline Loan is made, provided that on each date that a Revolving Borrowing is made, the Borrower shall repay all Swingline Loans that were outstanding on
the date such Borrowing was requested. 
 (b) The Loans made, and the Letters of Credit issued, by each Lender shall be
evidenced by one or more accounts or records maintained by such Lender and evidenced by one or more entries in the Register maintained by the Administrative Agent pursuant to Section 9.04(b)(iv), in each case in the ordinary course of business.
The accounts or records maintained by each Lender shall be prima facie evidence absent manifest error of the amount of the Loans made, and the Letters of Credit issued, by the Lenders to the Borrower and the interest and payments thereon. Any
failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the accounts and
records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. Promptly following the request
of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a promissory note payable to such Lender or its registered assigns, which shall evidence such Lender’s
Loans in addition to such accounts or records. Each Lender may attach schedules to its promissory note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto. The Borrower shall have
the right to review the entries made in the Lenders’ accounts maintained pursuant to this clause from time to time upon reasonable prior notice during normal business hours. 

(c) In addition to the accounts and records referred to in Section 2.09(b), each Lender shall maintain the Participant Register
pursuant to Section 9.04(c). 
 (d) Entries made in good faith by the Administrative Agent in the Register pursuant to
Section 9.04(b)(iv), and by each Lender in its account or accounts pursuant to Sections 2.09(b) and (c), shall be prima facie evidence of the amount of principal and interest due and payable or to become due and payable from the Borrower to, in
the case of the Register, each Lender and, in the case of such account or accounts, such Lender, under this Agreement and the other Loan Documents, notwithstanding notice to the contrary; provided that the failure of the Administrative Agent
or such Lender to make an entry, or any finding that an entry is incorrect, in the Register or such account or accounts shall not limit or otherwise affect the obligations of the Borrower under this Agreement and the other Loan Documents.

  
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 SECTION 2.10 Amortization of Term Loans. (a) (i) Subject to adjustment
pursuant to paragraph (d) of this Section, the Borrower shall repay Tranche A Term Loan Borrowings on each date set forth below in the aggregate principal amount set forth opposite such date: 

 

					
	 Date
	  	Amount	 
	 December 31, 2012
	  	$	6,437,500	  
	 March 31, 2013
	  	$	6,437,500	  
	 June 30, 2013
	  	$	6,437,500	  
	 September 30, 2013
	  	$	6,437,500	  
	 December 31, 2013
	  	$	12,875,000	  
	 March 31, 2014
	  	$	12,875,000	  
	 June 30, 2014
	  	$	12,875,000	  
	 September 30, 2014
	  	$	12,875,000	  
	 December 31, 2014
	  	$	19,312,500	  
	 March 31, 2015
	  	$	19,312,500	  
	 June 30, 2015
	  	$	19,312,500	  
	 September 30, 2015
	  	$	19,312,500	  
	 December 31, 2015
	  	$	25,750,000	  
	 March 31, 2016
	  	$	25,750,000	  
	 June 30, 2016
	  	$	25,750,000	  
	 September 30, 2016
	  	$	25,750,000	  
	 December 31, 2016
	  	$	32,187,500	  
	 March 31, 2017
	  	$	32,187,500	  
	 June 30, 2017
	  	$	32,187,500	  
	 Tranche A Maturity Date
	  	$	675,937,500	  

 (ii) Subject to adjustment pursuant to paragraph (d) of this Section, the Borrower shall repay
Tranche B Term Loan Borrowings on the last day of each March, June, September and December (commencing with December 31, 2012) in the principal amount equal to (i) the aggregate principal amount of Tranche B Term Loans outstanding
immediately after closing on the Closing Date multiplied by (ii) 0.25%. 
 (b) To the extent not previously paid
(i) all Tranche A Term Loans shall be due and payable on the Tranche A Maturity Date and (ii) all Tranche B Term Loans shall be due and payable on the Tranche B Maturity Date. 

(c) Any prepayment of Term Loans (other than pursuant to Section 2.11(a)) shall be applied ratably to the Tranche A Term Loans and
Tranche B Term Loans according to the respective outstanding principal amounts of the respective Term Loans then held by the Term Lenders. Any prepayment of a Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments
of the Term Borrowings of such Class to be made pursuant to this Section or, except as otherwise provided in any Incremental Facility Amendment, pursuant to the corresponding section of such Incremental Facility Amendment, (i) in the case of
prepayments pursuant to Section 2.11(a), to reduce the remaining scheduled repayments of Term Borrowings pursuant to this Section as directed by the Borrower and (ii) in the case of prepayments pursuant to Section 2.11(c) or 2.11(d),
(A) first, to reduce, in direct order of maturity, the scheduled repayments of the Term Borrowings to be made pursuant to this Section on the four consecutive scheduled payment dates next following the date of such prepayment unless and until
each such scheduled repayment has been eliminated as a result of reductions thereunder and (B) second, to reduce ratably the remaining scheduled repayments of the Term Borrowings. If the initial aggregate amount of the Lenders’ Term
Commitments of any Class exceeds the aggregate principal amount of Term Loans of such Class that are made on the Closing Date, then the scheduled repayments of Term Borrowings of such Class to be made pursuant to this Section shall be reduced
ratably by an aggregate amount equal to such excess. 

  
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 (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 telecopy) of such election not later than 11:00 a.m., New York City time, three Business Days before the
scheduled date of such repayment. 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. 

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; provided that in the event that, on or prior to the first anniversary of the Closing Date, the Borrower (i) makes any prepayment of Tranche B Term Loans in
connection with any Repricing Event or (ii) effects any amendment of this Agreement resulting in a Repricing Event, the Borrower shall pay to the Administrative Agent, for the ratable account of each of the applicable Tranche B Term Lenders,
(x) in the case of clause (i), a prepayment premium of 1% of the amount of the Tranche B Term Loan being prepaid and (y) in the case of clause (ii), an amount equal to 1% of the aggregate amount of the applicable Tranche B Term Loans
outstanding immediately prior to such amendment. 
 (b) In the event and on such occasion that the aggregate Global Revolving
Exposures or aggregate U.S. Revolving Exposures exceed the aggregate Revolving Commitments of such Class, the Borrower shall prepay Revolving Borrowings of such Class or, if applicable, Swingline Borrowings (or, if no such Borrowings are
outstanding, deposit cash collateral in an account with the Administrative Agent pursuant to Section 2.05(j)) in an aggregate amount equal to such excess. 
 (c) In the event and on each occasion that any Net Proceeds are received by or on behalf of Holdings, the Borrower or any Restricted Subsidiary in respect of any Prepayment Event, the Borrower shall,
within five Business Days after such Net Proceeds are received, prepay Term Borrowings in an aggregate amount equal to 100% of the amount of such Net Proceeds, provided that, in the case of any event described in clause (a) or
(b) of the definition of the term “Prepayment Event”, if the Borrower and the Restricted Subsidiaries reinvest (or commit to reinvest) the Net Proceeds from such event (or a portion thereof) within 12 months (or, in the case of a
Permitted Sale and Leaseback Transaction, within 6 months) after receipt of such Net Proceeds (or, if the Borrower or any Restricted Subsidiary enters into a legally binding commitment to reinvest such Net Proceeds within any applicable 12-month
period, within 180 days of the date of such legally binding commitment) to acquire, restore, repair or replace assets useful in (or, pursuant to a Permitted Acquisition, to acquire any Person engaged in) its business or any other business not
otherwise prohibited by Section 6.03(b) (provided that, in each case, the Borrower has delivered to the Administrative Agent within 15 Business Days after such Net Proceeds are received a certificate of a Financial Officer stating its
intention to do so and certifying that no Event of Default has occurred and is continuing), then no prepayment shall be required pursuant to this paragraph in respect of the Net Proceeds in respect of such event (or the portion of such Net Proceeds
specified in such certificate, if applicable) (the “Reinvestment Deferred Amount”) except to the extent of any such Net Proceeds therefrom that have not been so reinvested by the end of such 12 month (or, in the case of a Permitted
Sale and Leaseback Transaction, 6 month) period (or, if the Borrower or any Restricted Subsidiary enters into a legally binding commitment to reinvest such Net Proceeds within any applicable 12-month period, within 180 days of the date of such
legally binding commitment), at which time a prepayment shall be required in an amount equal to the Reinvestment Deferred Amount that has not been so reinvested. 
 (d) Following the end of (i) the fiscal quarter of the Borrower ending on December 31, 2012, the Borrower shall prepay Term Borrowings in an aggregate amount equal to 50% of Excess Cash Flow for
such fiscal quarter, provided that (A) such amount shall be reduced by the aggregate amount of prepayments of Term Loans made pursuant to Section 2.11(a) during such fiscal quarter (except to the

  
 55 

 
extent financed with the Net Proceeds of Long-Term Indebtedness), (B) such prepayment shall be in an aggregate amount equal to 25% of Excess Cash Flow for such fiscal year if the Total
Leverage Ratio at the end of such fiscal quarter is less than 4.50 to 1.00 and greater than 3.50 to 1.00, and (C) no such prepayment shall be required if the Total Leverage Ratio at the end of such fiscal quarter is less than 3.50 to 1.00, and
(ii) each fiscal year of the Borrower, commencing with the first fiscal year ending on or after December 31, 2013, the Borrower shall prepay Term Borrowings in an aggregate amount equal to 50% of Excess Cash Flow for such fiscal year,
provided that (A) such amount shall be reduced by the aggregate amount of prepayments of Term Loans made pursuant to Section 2.11(a) during such fiscal year (except to the extent financed with the Net Proceeds of Long-Term Indebtedness),
(B) such prepayment shall be in an aggregate amount equal to 25% of Excess Cash Flow for such fiscal year if the Total Leverage Ratio at the end of such fiscal year is less than 4.50 to 1.00 and greater than 3.50 to 1.00, and (C) no such
prepayment shall be required if the Total Leverage Ratio at the end of such fiscal year is less than 3.50 to 1.00. Each prepayment pursuant to this paragraph shall be made on or within five Business Days of the date on which financial statements are
delivered pursuant to Section 5.01 with respect to the fiscal year for which Excess Cash Flow is being calculated (and in any event within 95 days after the end of such fiscal year). 

(e) Prior to any optional or mandatory prepayment of Borrowings hereunder, the Borrower shall select the Borrowing or Borrowings to be
prepaid and shall specify such selection in the notice of such prepayment pursuant to paragraph (f) of this Section. In the event of (i) 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 Tranche A Term Loan Borrowings, the Tranche B Term Loan Borrowings and, to the extent provided in the
Incremental Facility Amendment for any Class of Incremental 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 Tranche A Term Lender,
Tranche B Term Lender and/or Extending Term Lender (and, to the extent provided in the Incremental Facility Amendment for any Class of Incremental Term Loans, any Lender that holds Incremental Term Loans of such Class) may elect, by notice to the
Administrative Agent by telephone (confirmed by telecopy) at least one Business Day prior to the prepayment date, to decline all or any portion of any mandatory prepayment of its Tranche A Term Loans, Tranche B Term Loans, Extended Term Loans or
Incremental Term Loans of any such Class pursuant to this Section, in which case the aggregate amount of the prepayment that would have been applied to prepay Tranche A Term Loans, Tranche B Term Loans, Extended Term Loans or Incremental Term Loans
of any such Class but was so declined shall be applied to the prepayment of Tranche A Term Loans, Tranche B Term Loans, Extended Term Loans and Incremental Term Loans of any Class for which prepayment was not declined on a pro rata
basis based on the outstanding amounts thereof and (ii) any optional 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 (x) with respect to any prepayment of Tranche A Term Loans, between Tranche A Term Loan Borrowings and, to the extent provided in the Incremental Facility Amendment for any Class of
Incremental Tranche A Term Loans, any Incremental Tranche A Term Loans, pro rata based on the aggregate principal amount of outstanding Borrowings of each such Class and (y) with respect to any prepayment of Tranche B Term Loans, between
Tranche B Term Loan Borrowings and, to the extent provided in the Incremental Facility Amendment for any Class of Incremental Tranche B Term Loans, any Incremental Tranche B Term Loans, pro rata based on the aggregate principal amount of outstanding
Borrowings of each such Class. 
 (f) The Borrower shall notify the Administrative Agent (and, in the case of prepayment of a
Swingline Loan, the Swingline Lender) by telephone (confirmed by telecopy) or by telecopy of any prepayment hereunder (i) in the case of prepayment of a Eurocurrency Borrowing, not later than 11:00 a.m., New York City time (or, in the case of a
Eurocurrency Borrowing denominated in an Alternative 

  
 56 

 
Currency, not later than 11:00 a.m., London time), three Business Days before the date of prepayment, (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York
City time, one Business Day before the date of prepayment or (iii) in the case of prepayment of a Swingline Loan, not later than 12:00 noon, New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify
the prepayment date, 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, 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) if such condition is not satisfied. Promptly following receipt of any such notice (other than a notice relating solely to Swingline Loans), the Administrative Agent shall advise
the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount 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. 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. 
 (g) (i) Notwithstanding anything to the contrary set forth in this Agreement (including the penultimate
sentence of Section 2.11(f) or 2.18(c)) or any other Loan Document, the Borrower shall have the right at any time and from time to time to prepay Term Loans to the Lenders at a discount to the par value of such Loans and on a non pro rata basis
(each, a “Discounted Voluntary Prepayment”) pursuant to the procedures described in this Section 2.11(g), provided that (A) the aggregate amount expended by the Borrower in connection with all Discounted Voluntary
Prepayments shall not exceed $550,000,000, (B) on the date of the Discounted Prepayment Option Notice and after giving effect to the Discounted Voluntary Prepayment, no more than $50,000,000 shall be outstanding in Revolving Loans, (C) any
Discounted Voluntary Prepayment shall be offered to all Tranche A Term Lenders or Tranche B Term Lenders, as the case may be, on a pro rata basis, (D) after giving effect to the Discounted Voluntary Prepayment, (x) the aggregate principal
amount of all Term Loans that are held by Sponsor Affiliated Lenders (by assignment) shall not exceed 20% of the aggregate unpaid principal amount of the Term Loans then outstanding, (y) the aggregate principal amount of all Tranche A Term
Loans that are held by Sponsor Affiliated Lenders (by assignment) shall not exceed 20% of the aggregate unpaid principal amount of the Tranche A Term Loans then outstanding and (z) the aggregate principal amount of all Tranche B Term Loans that
are held by Sponsor Affiliated Lenders (by assignment) shall not exceed 20% of the aggregate unpaid principal amount of the Tranche B Term Loans then outstanding and (E) the Borrower shall deliver to the Administrative Agent, together with each
Discounted Prepayment Option Notice, a certificate of a Financial Officer of the Borrower (1) stating that no Event of Default under clauses (a) or (b) of Article VII or under clauses (h), (i) or (j) (in each case, with
respect to the Borrower) of Article VII has occurred and is continuing or would result from the Discounted Voluntary Prepayment, (2) stating that each of the conditions to such Discounted Voluntary Prepayment contained in this
Section 2.11(g) has been satisfied and (3) specifying the aggregate principal amount of Tranche A Term Loans or Tranche B Term Loans, as the case may be, to be prepaid pursuant to such Discounted Voluntary Prepayment. 

(ii) To the extent the Borrower seeks to make a Discounted Voluntary Prepayment, the Borrower will provide written notice to the
Administrative Agent substantially in the form of Exhibit H hereto (each, a “Discounted Prepayment Option Notice”) that the Borrower desires to prepay Tranche A Term Loans or Tranche B Term Loans, as the case may be, in an aggregate
principal amount specified therein by the Borrower (each, a “Proposed Discounted Prepayment Amount”), in each case at a discount to the par value of such Loans as specified below. The Proposed Discounted Prepayment Amount of any
Loans shall not be less than $25,000,000. The Discounted Prepayment Option Notice shall further 

  
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specify with respect to the Proposed Discounted Voluntary Prepayment (A) the Proposed Discounted Prepayment Amount for Loans to be prepaid, (B) a discount range (which may be a single
percentage) selected by the Borrower with respect to such proposed Discounted Voluntary Prepayment equal to a percentage of par of the principal amount of the Loans to be prepaid (the “Discount Range”), and (C) the date by
which Lenders are required to indicate their election to participate in such proposed Discounted Voluntary Prepayment, which shall be at least five Business Days following the date of the Discounted Prepayment Option Notice (the “Acceptance
Date”). 
 (iii) Upon receipt of a Discounted Prepayment Option Notice, the Administrative Agent shall promptly notify
each applicable Lender thereof. On or prior to the Acceptance Date, each such Lender may specify by written notice substantially in the form of Exhibit I hereto (each, a “Lender Participation Notice”) to the Administrative Agent
(A) a maximum discount to par (the “Acceptable Discount”) within the Discount Range (for example, a Lender specifying a discount to par of 20% would accept a purchase price of 80% of the par value of the Loans to be prepaid)
and (B) a maximum principal amount (subject to rounding requirements specified by the Administrative Agent) of the Loans to be prepaid held by such Lender with respect to which such Lender is willing to permit a Discounted Voluntary Prepayment
at the Acceptable Discount (“Offered Loans”). Based on the Acceptable Discounts and principal amounts of the Loans to be prepaid specified by the Lenders in the applicable Lender Participation Notice, the Administrative Agent, in
consultation with the Borrower, shall determine the applicable discount for such Loans to be prepaid (the “Applicable Discount”), which Applicable Discount shall be (A) the percentage specified by the Borrower if the Borrower
has selected a single percentage pursuant to Section 2.11(g)(ii)) for the Discounted Voluntary Prepayment or (B) otherwise, the highest Acceptable Discount at which the Borrower can pay the Proposed Discounted Prepayment Amount in full
(determined by adding the principal amounts of Offered Loans commencing with the Offered Loans with the highest Acceptable Discount); provided, however, that in the event that such Proposed Discounted Prepayment Amount cannot be repaid
in full at any Acceptable Discount, the Applicable Discount shall be the lowest Acceptable Discount specified by the Lenders that is within the Discount Range. The Applicable Discount shall be applicable for all Lenders who have offered to
participate in the Voluntary Discounted Prepayment and have Qualifying Loans (as defined below). Any Lender with outstanding Loans to be prepaid whose Lender Participation Notice is not received by the Administrative Agent by the Acceptance Date
shall be deemed to have declined to accept a Discounted Voluntary Prepayment of any of its Loans at any discount to their par value within the Applicable Discount. 
 (iv) The Borrower shall make a Discounted Voluntary Prepayment by prepaying those Loans to be prepaid (or the respective portions thereof) offered by the Lenders (“Qualifying Lenders”)
that specify an Acceptable Discount that is equal to or greater than the Applicable Discount (“Qualifying Loans”) at the Applicable Discount, provided that if the aggregate proceeds required to prepay all Qualifying Loans
(disregarding any interest payable at such time) would exceed the amount of aggregate proceeds required to prepay the Proposed Discounted Prepayment Amount, such amounts in each case calculated by applying the Applicable Discount, the Borrower shall
prepay such Qualifying Loans ratably among the Qualifying Lenders based on their respective principal amounts of such Qualifying Loans (subject to rounding requirements specified by the Administrative Agent). If the aggregate proceeds required to
prepay all Qualifying Loans (disregarding any interest payable at such time) would be less than the amount of aggregate proceeds required to prepay the Proposed Discounted Prepayment Amount, such amounts in each case calculated by applying the
Applicable Discount, the Borrower shall prepay all Qualifying Loans. 
 (v) Each Discounted Voluntary Prepayment shall be made
within five Business Days of the Acceptance Date (or such later date as the Administrative Agent shall reasonably agree, given the time required to calculate the Applicable Discount and determine the amount and holders of Qualifying Loans), without
premium or penalty (but subject to Section 2.16), upon irrevocable notice substantially in 

  
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the form of Exhibit J hereto (each a “Discounted Voluntary Prepayment Notice”), delivered to the Administrative Agent no later than 1:00 p.m. New York City Time, three Business
Days prior to the date of such Discounted Voluntary Prepayment, which notice shall specify the date and amount of the Discounted Voluntary Prepayment and the Applicable Discount determined by the Administrative Agent. Upon receipt of any Discounted
Voluntary Prepayment Notice, the Administrative Agent shall promptly notify each relevant Lender thereof. If any Discounted Voluntary Prepayment Notice is given, the amount specified in such notice shall be due and payable to the applicable Lenders,
subject to the Applicable Discount on the applicable Loans, on the date specified therein together with accrued interest (on the par principal amount) to but not including such date on the amount prepaid. The par principal amount of each Discounted
Voluntary Prepayment of a Term Loan shall be applied ratably to reduce the remaining installments of such Class of Term Loans (as applicable). 
 (vi) To the extent not expressly provided for herein, each Discounted Voluntary Prepayment shall be consummated pursuant to reasonable procedures (including as to timing, rounding, minimum amounts, Type
and Interest Periods and calculation of Applicable Discount in accordance with Section 2.11(g)(ii) above) established by the Administrative Agent and the Borrower. 
 (vii) Prior to the delivery of a Discounted Voluntary Prepayment Notice, (A) upon written notice to the Administrative Agent, the Borrower may withdraw or modify its offer to make a Discounted
Voluntary Prepayment pursuant to any Discounted Prepayment Option Notice and (B) no Lender may withdraw its offer to participate in a Discounted Voluntary Prepayment pursuant to any Lender Participation Notice unless the terms of such proposed
Discounted Voluntary Prepayment have been modified by the Borrower after the date of such Lender Participation Notice. 
 (viii)
Nothing in this Section 2.11(g) shall require the Borrower to undertake any Discounted Voluntary Prepayment. 
 (h) If at
the end of any accrual period (as defined in Section 1272(a)(5) of the Code) ending after the fifth anniversary of the Closing Date, the aggregate amount of the accrued and unpaid original issue discount (as defined in Section 1273(a)(1)
of the Code) on a Loan would, but for this paragraph, exceed an amount equal to the product of the Loan’s issue price (as defined in Sections 1273(b) and 1274(a) of the Code) multiplied by the yield to maturity (as defined in
Section 1.1272-1(b)(1)(i) of the United States Treasury Regulations) (the “Maximum Accrual”), all accrued and unpaid interest and original issue discount on the Loan as of the end of such accrual period in excess of an amount
equal to the Maximum Accrual shall be paid in cash by Borrower to the Lenders and will be applied against and reduce the outstanding principal amount of such Loan. For the avoidance of doubt, this Section shall be construed so as to cause the Loans
to not be treated as having been issued with “significant original issue discount” within the meaning of Section 163(i)(2) of the Code. 
 SECTION 2.12 Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee, which shall accrue at a rate equal to the Commitment Fee Rate on
the average daily unused amount of the Revolving Commitment of such Lender during the period from and including the Closing Date to but excluding the date on which the Revolving Commitments terminate. Accrued commitment fees shall be payable in
arrears on the third Business Day following the last 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 Closing Date. All
commitment fees shall be computed on the basis of a year of 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 Global Revolving
Commitment of a Lender shall be deemed to be used to the extent of the outstanding Global Revolving Loans and LC Exposure of such Lender (and the Swingline Exposure of such Lender shall be disregarded for such purpose). 

  
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 (b) The Borrower agrees to pay (i) to the Administrative Agent for the account of each
Global Revolving Lender a participation fee with respect to its participations in Letters of Credit, which shall accrue at the same Applicable Rate used to determine the interest rate applicable to Eurocurrency Revolving Loans on the average daily
amount of such Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Closing Date to but excluding 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 a fronting fee in respect of each Letter of Credit issued by such Issuing Bank, which shall accrue at a rate equal to
0.25% per annum on the average daily amount of the LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Closing Date to but excluding 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, renewal or extension of any Letter of Credit or processing
of drawings thereunder. Participation fees and fronting fees accrued through and including the last day of March, June, September and December of each year shall be payable on the third Business Day following such last day, commencing on the first
such date to occur after the Closing 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 any Issuing Bank pursuant to this paragraph shall be payable within 10 days after demand. All participation fees and fronting fees shall be computed on the basis of a year of 360 days (or, in the case any
such fee is payable in Sterling, 365 days) and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 
 (c) The Borrower agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts and at the times separately agreed upon between the Borrower and the Administrative Agent.

 (d) All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent
(or to the applicable Issuing Bank, in the case of fees payable to it) for distribution, in the case of commitment fees and participation fees, to the Lenders entitled thereto. Fees paid shall not be refundable under any circumstances. 

SECTION 2.13 Interest. (a) The Loans comprising each ABR Borrowing (including each Swingline Loan) shall bear interest
at the Alternate Base Rate plus the Applicable Rate. 
 (b) The Loans comprising each Eurocurrency Borrowing shall bear interest
at the Adjusted Eurocurrency Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate. 
 (c)
Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or other amount payable by the Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, after giving effect to any
applicable grace period, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum (the “Default Rate”) equal to (i) in the case of overdue principal of or interest on any Loan, 2.00% 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% plus the rate applicable to ABR Revolving Loans as provided in paragraph (a) of this Section;
provided that no interest at the Default Rate shall accrue or be payable to a Defaulting Lender so long as such Lender shall be a Defaulting Lender. 
 (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 shall be payable on demand, (ii)

  
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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 Eurocurrency 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. 
 (e) All interest hereunder shall be computed on the basis of a
year of 360 days, except that (i) interest on Loans denominated in Sterling and (ii) interest computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime 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 Eurocurrency 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 prior to the commencement of any Interest Period for a Eurocurrency Borrowing denominated in any currency: 
 (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 Eurocurrency Rate for
such Interest Period; or 
 (b) the Administrative Agent is advised by the Required Lenders that the Adjusted Eurocurrency 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; 
 then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone or telecopy 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 denominated in such currency to, or continuation of any Borrowing
denominated in such currency as, a Eurocurrency Borrowing shall be ineffective, and any Eurocurrency Borrowing denominated in such currency that is requested to be continued (A) if such currency is the U.S. Dollar, shall be converted to an
ABR Borrowing on the last day of the Interest Period applicable thereto and (B) if such currency is an Alternative Currency, shall be repaid on the last day of the Interest Period applicable thereto, and (ii) if any Borrowing Request
requests a Eurocurrency Borrowing denominated in such currency (A) if such currency is the U.S. Dollar, such Borrowing shall be made as an ABR Borrowing and (B) if such currency is an Alternative Currency, such Borrowing Request shall
be ineffective. 
 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 Issuing Bank (except any such reserve requirement reflected in the Adjusted Eurocurrency Rate); or 

(ii) impose on any Lender or Issuing Bank or the London interbank market any other condition, cost or expense affecting this Agreement or
Eurocurrency Loans made by such Lender or any Letter of Credit or participation therein; 
 and the result of any of the foregoing shall be to
increase the cost to such Lender of making or maintaining any Eurocurrency Loan (or of maintaining its obligation to make any such Loan) or to 

  
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increase the cost to such Lender or Issuing Bank of participating in, issuing or maintaining 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 the Borrower will pay to such Lender or the 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 additional costs incurred or reduction suffered. 
 (b) If any Lender or Issuing Bank determines that any
Change in Law regarding capital requirements has or would have the effect of reducing the rate of return on such Lender’s or Issuing Bank’s capital or on the 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 such Issuing Bank or such
Lender’s or such Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or such Issuing Bank’s policies and the policies of such Lender’s or such Issuing
Bank’s holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender or such Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing
Bank or such Lender’s or such Issuing Bank’s holding company for any such reduction suffered. 
 (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, as the case may be, as specified in paragraph (a) or (b) of this Section shall be delivered to the
Borrower and 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 10 Business Days after receipt thereof. 

(d) Failure or delay on the part of any Lender or any 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 an Issuing Bank pursuant to this Section for any increased costs or reductions
incurred more than 270 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 270-day period referred to above shall be extended to include the period of
retroactive effect thereof. 
 SECTION 2.16 Break Funding Payments. In the event of (a) the payment of any principal
of any Eurocurrency 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 Eurocurrency 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 Eurocurrency 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 compensate each Lender for the loss, cost and expense attributable to such event. In the case of a Eurocurrency Loan, such loss, cost or expense to any Lender
shall be deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest that would have accrued on the principal amount of such Loan had such event not occurred, at the Adjusted Eurocurrency Rate
that would have been applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that would have been
the Interest Period for such Loan), over (ii) the amount of interest that would accrue on such principal amount for such period at the interest rate that such Lender would bid were it to bid, at the commencement of such period, for dollar
deposits of a comparable 

  
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amount and period from other banks in the eurocurrency market. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section
shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 

SECTION 2.17 Taxes. (a) Any and all payments by or on account of any obligation of any Loan Party or Additional
Guarantor under any Loan Document shall be made free and clear of and without deduction for any Indemnified Taxes or Other Taxes, provided that if a Withholding Agent is required to deduct any Indemnified Taxes or Other Taxes from such
payments, then (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent, Lender or Issuing Bank (as
the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (ii) the applicable Withholding Agent shall make such deductions and (iii) the applicable Withholding Agent shall pay the full
amounts deducted to the relevant Governmental Authority in accordance with applicable law. 
 (b) Without limiting the
provisions of paragraph (a) above, the Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 
 (c) The Borrower shall indemnify the Administrative Agent, each Lender and each Issuing Bank, within 10 days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes paid
by the Administrative Agent, such Lender or such Issuing Bank, as the case may be, on or with respect to any payment by or on account of any obligation of the Borrower under any Loan Document (including Indemnified Taxes or Other Taxes imposed or
asserted on or attributable to amounts payable under this Section) and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed
or asserted by the relevant Governmental Authority, provided that the Borrower shall not be obligated to make payment to the Administrative Agent, such Lender or such Issuing Bank pursuant to this Section in respect of penalties, interest and
other liabilities attributable to any Indemnified Taxes or Other Taxes if (i) written demand therefor has not been made by the Administrative Agent, such Lender or such Issuing Bank within 120 days from the date on which the Administrative
Agent, such Lender or such Issuing Bank knew of the imposition of Indemnified Taxes or Other Taxes by the relevant Governmental Authority, (ii) such penalties, interest and other liabilities have accrued after the Borrower has indemnified or
paid any additional amount pursuant to this Section or (iii) such penalties, interest and other liabilities are attributable to the gross negligence or willful misconduct of the Administrative Agent, such Lender or such Issuing Bank. After the
Administrative Agent, a Lender or an Issuing Bank learns of the imposition of Indemnified Taxes or Other Taxes, the Administrative Agent, such Lender or such Issuing Bank, as the case may be, will act in good faith to promptly notify the Borrower of
its obligations hereunder. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender or an Issuing Bank, or by the Administrative Agent on its own behalf or on behalf of a Lender or an Issuing Bank, shall be
conclusive absent manifest error. As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower 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. 

(d) Each Lender shall indemnify the Administrative Agent, within 10 days after written demand therefor, for the full amount of
(i) any Taxes or similar charges imposed by any Governmental Authority and (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 9.04(c) relating to the maintenance of a Participant
Register, in either case, that are attributable to such Lender and that are payable or paid by the Administrative Agent, together with all reasonable costs and 

  
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expenses arising therefrom or with respect thereto, as determined by the Administrative Agent in good faith. 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. 
 (e) (i) Any Foreign Lender that is entitled to an
exemption from or reduction of withholding tax under the law of the jurisdiction in which the applicable Loan Party or Additional Guarantor is located, or any treaty to which such jurisdiction is a party, with respect to payments under this
Agreement or any other Loan Document shall deliver to the Borrower (with a copy to the Administrative Agent), at the time or times prescribed by applicable law, such properly completed and executed documentation prescribed by applicable law or
reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate, provided that such Foreign Lender has received written notice from the applicable Loan Party,
Additional Guarantor or Administrative Agent, as the case may be, advising it of the availability of such exemption or reduction and supplying all applicable documentation. In addition, each Lender that is a “United States Person” as
defined in Section 7701(a)(30) of the Code shall deliver to the Borrower (with a copy to the Administrative Agent), at the time or times prescribed by law, U.S. Internal Revenue Service Form W-9 (or any successor form) certifying that such
Lender is exempt from U.S. Federal withholding tax. 
 (ii) If a payment made to a Lender under any Loan Document would be
subject to U.S. Federal withholding tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender
shall deliver to the 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 to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (ii), “FATCA”
shall include any amendments made to FATCA after the date of this Agreement. 
 (f) If the Administrative Agent, a Lender or an
Issuing Bank determines that it is entitled to receive a refund from a Governmental Authority in respect of Indemnified Taxes or Other Taxes as to which it has been indemnified by the Borrower pursuant to this Section, or with respect to which the
Borrower has paid additional amounts pursuant to this Section, it shall promptly notify the Borrower of the availability of such refund and shall, within 30 days after receipt of a request by the Borrower (whether as a result of notification that it
has made to the Borrower or otherwise), make a claim to such Governmental Authority for such refund at the Borrower’s expense. If the Administrative Agent, an Issuing Bank or a Lender determines, in its sole discretion, that it has received a
refund of any Indemnified Taxes or Other 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, 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 with respect to the Indemnified Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent,
such Issuing Bank 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, such Issuing
Bank or such Lender, agrees 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, such Issuing Bank or such Lender in the event the
Administrative Agent, such Issuing Bank or such Lender is required to repay such refund to such Governmental Authority. This Section shall not be construed to require the Administrative Agent, any Issuing Bank or any Lender to make available its tax
returns (or any other information relating to its taxes that it deems confidential) to the Borrower or any other Person. 

  
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 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 or reimbursement of LC Disbursements, or of amounts payable under Section 2.15, 2.16 or 2.17, or otherwise)
prior to the time expressly required hereunder or under such other Loan Document for such payment (or, if no such time is expressly required, prior to 12:00 noon, New York City time), on the date when due, in immediately available funds, without
setoff or counterclaim. 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 the Administrative Agent to the applicable account designated to the Borrower by the Administrative Agent, except payments to be made directly to an Issuing Bank or Swingline Lender 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. 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 and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments under each Loan Document of principal or interest in
respect of any Loan (or of any breakage indemnity in respect of any Loan) shall be made in the currency of such Loan, and, except as otherwise expressly set forth in any Loan Document, all other payments under each Loan Document shall be made in
U.S. 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, Tranche A Term Loans, Tranche B Term Loans or participations in LC Disbursements or Swingline Loans resulting in
such Lender receiving payment of a greater proportion of the aggregate amount of its Revolving Loans, Tranche A Term Loans, Tranche B Term Loans and participations in LC Disbursements and Swingline Loans 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, Tranche A Term Loans, Tranche B Term Loans and participations in LC
Disbursements and Swingline Loans 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, Tranche A Term Loans, Tranche B Term Loans and participations in LC Disbursements and Swingline Loans, 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 any payment made by
the Borrower pursuant to and in accordance with the express terms of this Agreement or 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. The Borrower consents to the 

  
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 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. 
 (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 applicable Issuing Bank 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 such Issuing Bank, 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 the applicable Issuing Bank, 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. 
 (e) If any Lender shall fail to make any payment required to be made by it pursuant
to Section 2.04(c), 2.05(d) or (e), 2.06(a) or (b), 2.18(d) or 9.03(c), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for
the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. 
 (f) Notwithstanding anything to the contrary contained in this Section or elsewhere in this Agreement, the Borrower may (i) make prepayments of Term Loans at a discount to the par value of such Loans
and on a non pro rata basis in accordance with Section 2.11(g) and (ii) extend the final maturity of Term Loans and/or Revolving Commitments in connection with an Extension that is permitted under Section 2.22 without being obligated
to effect such extensions on a pro rata basis among the Lenders (it being understood that no such extension (x) shall constitute a payment or prepayment of any Term Loans or Revolving Loans, as applicable, for purposes of this Section or
(y) shall reduce the amount of any scheduled amortization payment due under Section 2.10, except that the amount of any scheduled amortization payment due to a Lender of Extended Term Loans may be reduced to the extent provided pursuant to
the express terms of the respective Extension Offer) without giving rise to any violation of this Section or any other provision of this Agreement. Furthermore, the Borrower may take all actions contemplated by Section 2.22 in connection with
any Extension (including modifying pricing, amortization and repayments or prepayments of Extended Revolving Commitments or Extended Term Loans), and in each case such actions taken in accordance with Section 2.22 shall be permitted hereunder,
and the differing payments contemplated therein shall be permitted without giving rise to any violation of this Section or any other provision of this Agreement. 
 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 the Administrative Agent, any Issuing Bank or any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, then the Administrative Agent, such Issuing Bank or such Lender shall use reasonable efforts to
designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of the Administrative Agent, such Issuing Bank
or such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.15 or 2.17, as the case may be, in the future and (ii) would not subject the Administrative Agent, such Issuing Bank or
such Lender to any unreimbursed cost or expense and would not be inconsistent with its reasonable internal 

  
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policies or otherwise be disadvantageous to the Administrative Agent, such Issuing Bank or such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by the
Administrative Agent, any Issuing Bank or any Lender in connection with any such designation or assignment. 
 (b) 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 if any Lender becomes 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 to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that (i) the
Borrower shall have received the prior written consent of the Administrative Agent (and, if a Revolving Commitment is being assigned, each Issuing Bank and the Swingline Lender), which consent shall not unreasonably be withheld, (ii) such
Lender shall have received payment of an amount equal to the outstanding principal of its Loans and participations in LC Disbursements and Swingline Loans, accrued interest thereon, accrued 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), (iii) the Borrower or such assignee shall have paid to the Administrative Agent the processing and
recordation fee specified in Section 9.04(b) and (iv) 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, such assignment will
result in a material reduction in such compensation or payments. A Lender shall not be 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. 
 SECTION 2.20 Incremental Facility. (a) At any time and from time to time, subject to the terms and conditions set forth herein, the Borrower may, by notice to the Administrative Agent
(whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders), request to add one or more additional tranches of term loans (the “Incremental Term Loans”) or one or more increases in the Revolving
Commitments (the “Incremental Revolving Commitments”), provided that at the time of each such request and upon the effectiveness of each Incremental Facility Amendment, (A) no Default or Event of Default has occurred and
is continuing or shall result therefrom, (B) in the case of Incremental Term Loans or Incremental Revolving Commitments incurred in reliance on clause (z) of the definition of Incremental Amount, after giving effect to any permanent
repayment of Indebtedness by the Borrower or any of its Restricted Subsidiaries that has occurred during the most-recently ended Test Period for which financial statements have been delivered pursuant to Section 5.01(a) or (b) but prior to
or simultaneous with the making of such Incremental Term Loans or Incremental Revolving Commitments, the Borrower shall be in compliance on a Pro Forma Basis with the covenants contained in Sections 6.11 and 6.12, recomputed as of the last day of
the most-recently ended Test Period for which financial statements have been delivered pursuant to Section 5.01(a) or (b) (assuming, in the case of any Incremental Revolving Facility, that the commitments thereunder are fully drawn) and
(C) the Borrower shall have delivered a certificate of a Financial Officer to the effect set forth in clauses (A) and (B) above, together with reasonably detailed calculations demonstrating compliance with clause (B) above.
Notwithstanding anything to contrary herein, the principal amount of any Incremental Term Loans or Incremental Revolving Commitments shall not exceed the Incremental Amount at such time; provided that the Borrower shall be permitted a
one-time additional incurrence of Incremental Revolving Commitments in principal amount not to exceed $20,000,000 (the “Additional Revolving Commitment Incurrence”). Each tranche of Incremental Term Loans and Incremental Revolving
Commitments shall be in an integral multiple of $1,000,000 and be in an aggregate principal amount that is not less than $50,000,000 in case of Incremental Term Loans or $25,000,000 in case of Incremental Revolving Commitments (other than

  
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the Additional Revolving Commitment Incurrence), provided that such amount may be less than the applicable minimum amount if such amount represents all the remaining availability under the
Incremental Amount set forth above. 
 (b) Any Incremental Term Loans (i) shall rank pari passu or junior in right
of payment in respect of the Collateral and with the Obligations in respect of the Revolving Commitments, the Tranche A Term Loans and the Tranche B Term Loans, (ii) for purposes of prepayments, shall be treated substantially the same as (and
in any event no more favorably than) the Tranche A Term Loans or Tranche B Term Loans, as applicable, and (iii) other than amortization, pricing or maturity date, shall have the same terms as (and documentation consistent with) the Tranche A
Term Loans or Tranche B Term Loans, as applicable, or such terms (and documentation) as are reasonably satisfactory to the Administrative Agent, provided that (A) if the Applicable Rate (which, for such purposes only, shall be deemed to
include all upfront or similar fees or original issue discount payable to all Lenders providing such Incremental Term Loans and any LIBO or ABR floor applicable to such Incremental Term Loans) relating to any Incremental Term Loan exceeds the
Applicable Rate (which, for such purposes only, shall be deemed to include all upfront or similar fees or original issue discount payable to all Lenders providing the Tranche A Term Loans or Tranche B Term Loans, as applicable, and any LIBO or ABR
floor applicable to the Tranche A Term Loans or Tranche B Term Loans, as applicable) relating to the Tranche A Term Loans or Tranche B Term Loans, as applicable, immediately prior to the effectiveness of the applicable Incremental Facility Amendment
by more than 0.50%, the Applicable Rate relating to the Tranche A Term Loans or Tranche B Term Loans, as applicable, shall be adjusted to be equal to the Applicable Rate (which, for such purposes only, shall be deemed to include all upfront or
similar fees or original issue discount payable to all Lenders providing such Incremental Term Loans and any LIBO or ABR floor applicable to such Incremental Term Loans) relating to such Incremental Term Loans minus 0.50%, (B) any Incremental
Tranche A Term Loan shall have a maturity date and weighted average life customary for a tranche A term loan under then-existing market convention and any Incremental Tranche B Term Loan shall have a maturity date and weighted average life customary
for a tranche B term loan under then-existing market convention, (C) any Incremental Tranche A Term Loan shall not have a final maturity date earlier than the Tranche A Maturity Date and any Incremental Tranche B Term Loan shall not have a
final maturity date earlier than the Tranche B Maturity Date and (D) any Incremental Tranche A Term Loan shall not have a weighted average life that is shorter than the weighted average life of the then-remaining Tranche A Term Loans and any
Incremental Tranche B Term Loan shall not have a weighted average life that is shorter than the weighted average life of the then-remaining Tranche B Term Loans. Any Incremental Revolving Commitment shall be on terms (other than pricing) and
pursuant to the documentation applicable to the Revolving Commitments; provided that if the Applicable Rate (which, for such purposes only, shall be deemed to include all upfront or similar fees or original issue discount payable to all
Lenders providing such Incremental Revolving Commitments and any LIBO or ABR floor applicable to such Incremental Revolving Commitments) relating to any Incremental Revolving Commitments exceeds the Applicable Rate (which, for such purposes only,
shall be deemed to include all upfront or similar fees or original issue discount payable to all Lenders providing the Revolving Commitments) relating to the Revolving Commitments immediately prior to the effectiveness of the applicable Incremental
Facility Amendment by more than 0.50%, the Applicable Rate relating to the Revolving Commitments shall be adjusted to be equal to the Applicable Rate (which, for such purposes only, shall be deemed to include all upfront or similar fees or original
issue discount payable to all Lenders providing such Incremental Revolving Commitments and any LIBO or ABR floor applicable to such Incremental Revolving Commitments) relating to such Incremental Revolving Commitments minus 0.50%. 

(c) Each notice from the Borrower pursuant to this Section shall set forth the requested amount and proposed terms of the relevant
Incremental Term Loans and/or Incremental Revolving Commitments and, in the case of any Incremental Term Loans, shall designate whether such Incremental 

  
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Term Loans shall be Incremental Tranche A Term Loans or Incremental Tranche B Term Loans. Any additional bank, financial institution, existing Lender or other Person that elects to extend
Incremental Term Loans or Incremental Revolving Commitments shall be reasonably satisfactory to the Borrower and the Administrative Agent (any such bank, financial institution, existing Lender or other Person being called an “Additional
Lender”) and, if not already a Lender, shall become a Lender under this Agreement pursuant to an amendment (an “Incremental Facility Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by
Holdings, the Borrower, such Additional Lender and the Administrative Agent. No Incremental Facility Amendment shall require the consent of any Lenders other than the Additional Lenders with respect to such Incremental Facility Amendment. No Lender
shall be obligated to provided any Incremental Term Loans or Incremental Revolving Commitments, unless it so agrees (it being understood that any Lender failing to respond to a request for Incremental Term Loans or Incremental Revolving Commitments
shall be deemed to have declined such request). Commitments in respect of any Incremental Term Loans or Incremental Revolving Commitments shall become Commitments under this Agreement. An Incremental Facility Amendment may, without the consent of
any other Lenders, effect such amendments to any Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section (including to provide for voting provisions applicable to the
Additional Lenders comparable to the provisions of clause (B) of the second proviso of Section 9.02(b)). The effectiveness of any Incremental Facility Amendment shall, unless otherwise agreed to by the Administrative Agent and the
Additional Lenders, be subject to the satisfaction on the date thereof (each, an “Incremental Facility Closing Date”) of each of the conditions set forth in Section 4.02 (it being understood that all references to “the
date of such Borrowing” in Section 4.02 shall be deemed to refer to the Incremental Facility Closing Date). The proceeds of any Incremental Term Loans will be used only for general corporate purposes (including Permitted Acquisitions).
Upon each increase in the Revolving Commitments pursuant to this Section, each Revolving Lender immediately prior to such increase will automatically and without further act be deemed to have assigned to each Lender providing a portion of the
Incremental Revolving Commitment (each a “Incremental Revolving Lender”) in respect of such increase, and each such Incremental Revolving Lender will automatically and without further act be deemed to have assumed, a portion of such
Revolving Lender’s participations hereunder in outstanding Letters of Credit and Swingline Loans such that, after giving effect to each such deemed assignment and assumption of participations, the percentage of the aggregate outstanding
(i) participations hereunder in Letters of Credit and (ii) participations hereunder in Swingline Loans held by each Revolving Lender (including each such Incremental Revolving Lender) will equal the percentage of the aggregate Revolving
Commitments of all Revolving Lenders represented by such Revolving Lender’s Revolving Commitment. The Administrative Agent and the Lenders hereby agree that the minimum borrowing, pro rata borrowing and pro rata
payment requirements contained elsewhere in this Agreement shall not apply to the transactions effected pursuant to the immediately preceding sentence. 
 SECTION 2.21 Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Revolving Lender becomes a Defaulting Lender, then the following provisions shall apply
for so long as such Lender is a Defaulting Lender: 
 (a) fees shall cease to accrue on the unfunded portion of the Revolving
Commitment of such Defaulting Lender pursuant to Section 2.12(a); 
 (b) the Revolving Commitment and Revolving Exposure of
such Defaulting Lender shall not be included in determining whether all Lenders or the Required Lenders have taken or may take any action hereunder (including any consent to any amendment, waiver or other modification pursuant to Section 9.02);
provided, that any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender which affects such Defaulting Lender disproportionately when compared to the other affected Lenders, or increases or extends the
Revolving Commitment of any Defaulting Lender, shall require the consent of such Defaulting Lender; 

  
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 (c) if any Swingline Exposure or LC Exposure exists at the time such Lender becomes a
Defaulting Lender then: 
 (i) all or any part of the Swingline Exposure and LC Exposure of such Defaulting
Lender shall be reallocated among the non-Defaulting Lenders in accordance with their respective Applicable Percentages but only to the extent the sum of all non-Defaulting Lenders’ Revolving Credit Exposures plus such Defaulting Lender’s
Swingline Exposure and LC Exposure does not exceed the total of all non-Defaulting Lenders’ Commitments; 

(ii) if the reallocation described in clause (i) above cannot, or can only partially, be effected, the Borrower shall
within three Business Days following notice by the Administrative Agent (x) first, prepay such Swingline Exposure and (y) second, cash collateralize for the benefit of the Issuing Bank only the Borrower’s obligations corresponding to
such Defaulting Lender’s LC Exposure (after giving effect to any partial reallocation pursuant to clause (i) above) in accordance with the procedures set forth in Section 2.05(j) for so long as such LC Exposure is outstanding;

 (iii) if the Borrower cash collateralizes any portion of such Defaulting Lender’s LC Exposure pursuant to
clause (ii) above, the Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.12(b) with respect to such Defaulting Lender’s LC Exposure during the period such Defaulting Lender’s LC
Exposure is cash collateralized; 
 (iv) if the LC Exposure of the non-Defaulting Lenders is reallocated pursuant
to clause (i) above, then the fees payable to the Lenders pursuant to Section 2.12(a) and Section 2.12(b) shall be adjusted in accordance with such non-Defaulting Lenders’ Applicable Percentages; and 

(v) if all or any portion of such Defaulting Lender’s LC Exposure is neither reallocated nor cash collateralized
pursuant to clause (i) or (ii) above, then, without prejudice to any rights or remedies of the Issuing Bank or any other Lender hereunder, all letter of credit fees payable under Section 2.12(b) with respect to such Defaulting
Lender’s LC Exposure shall be payable to the Issuing Bank until and to the extent that such LC Exposure is reallocated and/or cash collateralized; and 
 (d) so long as such Lender is a Defaulting Lender, the Swingline Lender shall not be required to fund any Swingline Loan and the Issuing Bank shall not be required to issue, amend or increase any Letter
of Credit, unless it has received assurances satisfactory to it that non-Defaulting Lenders will cover the related exposure and/or cash collateral will be provided by the Borrower in accordance with Section 2.21(c), and participating interests
in any newly made Swingline Loan or any newly issued or increased Letter of Credit shall be allocated among non-Defaulting Lenders in a manner consistent with Section 2.21(c)(i) (and such Defaulting Lender shall not participate therein).

 In the event that the Administrative Agent, the Borrower, the Swingline Lender and the Issuing Bank each agrees that a
Defaulting Lender has adequately remedied all matters that caused such Revolving Lender to be a Defaulting Lender, then the Swingline Exposure and LC Exposure of the Revolving Lenders shall be readjusted to reflect the inclusion of such Revolving
Lender’s Commitment and on such date such Revolving Lender shall purchase at par such of the Revolving Loans of the other Revolving Lenders (other than Swingline Loans) as the Administrative Agent shall determine may be

  
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necessary in order for such Revolving Lender to hold such Revolving Loans in accordance with its Applicable Percentage; provided that with respect to any such purchase of Eurocurrency
Loans other than on the last day of an Interest Period applicable thereto, such purchasing Revolving Lender shall compensate each other Revolving Lender for the loss, cost and expense attributable to such event (calculated in accordance with
Section 2.16). 
 SECTION 2.22 Extensions of Term Loans and Revolving Commitments. 

(a) Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers (each, an “Extension
Offer”) made from time to time by the Borrower to all Lenders of Tranche A Term Loans with a like maturity date, Tranche B Term Loans with a like maturity date or Revolving Commitments with a like maturity date, in each case on a pro rata
basis (based on the aggregate outstanding principal amount of the respective Tranche A Term Loans, Tranche B Term Loans or Revolving Commitments with a like maturity date, as the case may be) and on the same terms to each such Lender, the Borrower
is hereby permitted to consummate from time to time transactions with individual Lenders that accept the terms contained in such Extension Offers to extend the maturity date of each such Lender’s Tranche A Term Loans, Tranche B Term Loans
and/or Revolving Commitments and otherwise modify the terms of such Tranche A Term Loans, Tranche B Term Loans and/or Revolving Commitments pursuant to the terms of the relevant Extension Offer (including, without limitation, by increasing the
interest rate or fees payable in respect of such Tranche A Term Loans, Tranche B Term Loans and/or Revolving Commitments (and related outstandings) and/or modifying the amortization schedule in respect of such Lender’s Tranche A Term Loans or
Tranche B Term Loans) (each, an “Extension”, and each group of Tranche A Term Loans, Tranche B Term Loans or Revolving Commitments, as applicable, in each case as so extended, as well as the original Tranche A Term Loans, Tranche B
Term Loans and the original Revolving Commitments (in each case not so extended), being a “tranche”; any Extended Tranche A Term Loans or Extended Tranche B Term Loans shall constitute a separate tranche of Term Loans from the
tranche of Term Loans from which they were converted, and any Extended Revolving Commitments shall constitute a separate tranche of Revolving Commitments from the tranche of Revolving Commitments from which they were converted), so long as the
following terms are satisfied: (i) no Default or Event of Default shall have occurred and be continuing at the time the offering document in respect of an Extension Offer is delivered to the Lenders, (ii) except as to interest rates, fees
and final maturity (which shall be determined by the Borrower and set forth in the relevant Extension Offer), the Revolving Commitment of any Revolving Lender that agrees to an extension with respect to such Revolving Commitment extended pursuant to
an Extension (an “Extended Revolving Commitment”), and the related outstandings, shall be a Revolving Commitment (or related outstandings, as the case may be) with the same terms as the original Revolving Commitments (and related
outstandings); provided that (x) subject to the provisions of Sections 2.04(d) and 2.05(n) to the extent dealing with Swingline Loans and Letters of Credit which mature or expire after a maturity date when there exist Extended Revolving
Commitments with a longer maturity date, all Swingline Loans and Letters of Credit shall be participated in on a pro rata basis by all Lenders with Revolving Commitments in accordance with their Applicable Percentage of the Revolving Commitments
(and except as provided in Sections 2.04(d) and 2.05(n), without giving effect to changes thereto on an earlier maturity date with respect to Swingline Loans and Letters of Credit theretofore incurred or issued) and all borrowings under Revolving
Commitments and repayments thereunder shall be made on a pro rata basis (except for (A) payments of interest and fees at different rates on Extended Revolving Commitments (and related outstandings) and (B) repayments required upon the
maturity date of the non-extending Revolving Commitments) and (y) at no time shall there be Revolving Commitments hereunder (including Extended Revolving Commitments and any original Revolving Commitments) which have more than three different
maturity dates, (iii) except as to interest rates, fees, amortization, final maturity date, premium, required prepayment dates and participation in prepayments (which shall, subject to immediately succeeding clauses (v), (vii), and (ix), be
determined between the Borrower and set forth in the relevant 

  
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Extension Offer), the Tranche A Term Loans of any Tranche A Term Lender that agrees to an extension with respect to such Tranche A Term Loans (an “Extending Tranche A Term
Lender”) extended pursuant to any Extension (the “Extended Tranche A Term Loans”) shall have the same terms as the tranche of Tranche A Term Loans subject to such Extension Offer, (iv) except as to interest rates,
fees, amortization, final maturity date, premium, required prepayment dates and participation in prepayments (which shall, subject to immediately succeeding clauses (vi), (viii), and (x), be determined between the Borrower and set forth in the
relevant Extension Offer), the Tranche B Term Loans of any Tranche B Term Lender that agrees to an extension with respect to such Tranche B Term Loans (an “Extending Tranche B Term Lender” and together with the Extending Tranche A
Term Lenders, the “Extending Term Lenders”) extended pursuant to any Extension (the “Extended Tranche B Term Loans” and, together with the Extended Tranche A Term Loans, the “Extended Term Loans”)
shall have the same terms as the tranche of Tranche B Term Loans subject to such Extension Offer, (v) the final maturity date of any Extended Tranche A Term Loans shall be no earlier than the maturity date of the Tranche A Term Loans from which
they were converted and the amortization schedule applicable to Tranche A Term Loans pursuant to Section 2.10(a)(i) for periods prior to the Tranche A Maturity Date may not be increased, (vi) the final maturity date of any Extended Tranche
B Term Loans shall be no earlier than the maturity date of the Tranche B Term Loans from which they were converted and the amortization schedule applicable to Tranche B Term Loans pursuant to Section 2.10(a)(ii) for periods prior to the Tranche
B Maturity Date may not be increased, (vii) the weighted average life of any Extended Tranche A Term Loans shall be no shorter than the remaining weighted average life of the Tranche A Term Loans extended thereby, (viii) the weighted
average life of any Extended Tranche B Term Loans shall be no shorter than the remaining weighted average life of the Tranche B Term Loans extended thereby, (ix) any Extended Tranche A Term Loans may participate on a pro rata basis or a less
than pro rata basis (but not greater than a pro rata basis) in any voluntary or mandatory repayments or prepayments of Tranche A Term Loans hereunder, in each case as specified in the respective Extension Offer, (x) any Extended Tranche B Term
Loans may participate on a pro rata basis or a less than pro rata basis (but not greater than a pro rata basis) in any voluntary or mandatory repayments or prepayments of Tranche B Term Loans hereunder, in each case as specified in the respective
Extension Offer, (xi) if the aggregate principal amount of Tranche A Term Loans (calculated on the face amount thereof) in respect of which Tranche A Term Lenders shall have accepted the relevant Extension Offer shall exceed the maximum
aggregate principal amount of Tranche A Term Loans offered to be extended by the Borrower pursuant to such Extension Offer, then the Tranche A Term Loans of such Tranche A Term Lenders shall be extended ratably up to such maximum amount based on the
respective principal amounts (but not to exceed actual holdings of record) with respect to which such Tranche A Term Lenders have accepted such Extension Offer, (xii) if the aggregate principal amount of Tranche B Term Loans (calculated on the
face amount thereof) in respect of which Tranche B Term Lenders shall have accepted the relevant Extension Offer shall exceed the maximum aggregate principal amount of Tranche B Term Loans offered to be extended by the Borrower pursuant to such
Extension Offer, then the Tranche B Term Loans of such Tranche B Term Lenders shall be extended ratably up to such maximum amount based on the respective principal amounts (but not to exceed actual holdings of record) with respect to which such
Tranche B Term Lenders have accepted such Extension Offer, (xiii) if the aggregate amount of Revolving Commitments in respect of which Revolving Lenders shall have accepted the relevant Extension Offer shall exceed the maximum aggregate
principal amount of Revolving Commitments offered to be extended by the Borrower pursuant to such Extension Offer, then the Revolving Loans of such Revolving Lenders shall be extended ratably up to such maximum amount based on the respective
principal amounts (but not to exceed actual holdings of record) with respect to which such Revolving Lenders have accepted such Extension Offer, (xiv) all documentation in respect of such Extension shall be consistent with the foregoing,
(xv) any applicable Minimum Extension Condition shall be satisfied unless waived by the Borrower and (xvi) the Minimum Tranche Amount shall be satisfied unless waived by the Administrative Agent. For the avoidance of doubt, no Lender shall
be obligated to accept the terms contained in any Extension Offer and any Lender failing to respond to an Extension Offer within the time period required by such Extension Offer shall be deemed to have declined such Extension Offer. 

  
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 (b) With respect to all Extensions consummated by the Borrower pursuant to this Section,
(i) such Extensions shall not constitute voluntary or mandatory payments or prepayments for purposes of Section 2.11 and (ii) no Extension Offer is required to be in any minimum amount or any minimum increment, provided that
(x) the Borrower may at its election specify as a condition (a “Minimum Extension Condition”) to consummating any such Extension that a minimum amount (to be determined and specified in the relevant Extension Offer in the
Borrower’s sole discretion and may be waived by the Borrower) of Tranche A Term Loans, Tranche B Term Loans or Revolving Commitments (as applicable) of any or all applicable tranches be tendered and (y) no tranche of Extended Term Loans
shall be in an amount of less than $100,000,000 (the “Minimum Tranche Amount”), unless such Minimum Tranche Amount is waived by the Administrative Agent. The Administrative Agent and the Lenders hereby consent to the transactions
contemplated by this Section (including, for the avoidance of doubt, payment of any interest, fees or premium in respect of any Extended Term Loans and/or Extended Revolving Commitments on the such terms as may be set forth in the relevant Extension
Offer) and hereby waive the requirements of any provision of this Agreement (including, without limitation, Sections 2.11 and 2.18) or any other Loan Document that may otherwise prohibit any such Extension or any other transaction contemplated
by this Section. 
 (c) No consent of any Lender or the Administrative Agent shall be required to effectuate any Extension,
other than (A) the consent of each Lender agreeing to such Extension with respect to one or more of its Term Loans and/or Revolving Commitments (or a portion thereof) and (B) with respect to any Extension of the Revolving Commitments, the
consent of the Issuing Bank, which consent shall not be unreasonably withheld or delayed. All Extended Term Loans, Extended Revolving Commitments and all obligations in respect thereof shall be Obligations under this Agreement and the other Loan
Documents that are secured by the Collateral on a pari passu basis with all other applicable Obligations under this Agreement and the other Loan Documents. The Lenders hereby irrevocably authorize the Administrative Agent to enter into amendments to
this Agreement and the other Loan Documents with the Borrower as may be necessary in order to establish new tranches or sub-tranches in respect of Revolving Commitments or Term Loans so extended and such technical amendments as may be necessary or
appropriate in the reasonable opinion of the Administrative Agent and the Borrower in connection with the establishment of such new tranches or sub-tranches, in each case on terms consistent with this Section. Without limiting the foregoing, in
connection with any Extensions the respective Loan Parties shall (at their expense) amend (and the Administrative Agent is hereby directed to amend) any Mortgage that has a maturity date prior to the then latest maturity date so that such maturity
date is extended to the then latest maturity date (or such later date as may be advised by local counsel to the Administrative Agent). 
 (d) In connection with any Extension, the Borrower shall provide the Administrative Agent at least 5 Business Days’ (or such shorter period as may be agreed by the Administrative Agent) prior written
notice thereof, and shall agree to such procedures (including, without limitation, regarding timing, rounding and other adjustments and to ensure reasonable administrative management of the credit facilities hereunder after such Extension), if any,
as may be established by, or acceptable to, the Administrative Agent, in each case acting reasonably to accomplish the purposes of this Section. 

  
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 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES 
 The Borrower represents and warrants to the
Lenders that: 
 SECTION 3.01 Organization; Powers. Each Loan Party (other than The Melodie Corporation) is duly
organized, validly existing and in good standing under the laws of the jurisdiction of its organization, has all requisite power and authority to carry on its business as now conducted and as proposed to be conducted, to execute, deliver and perform
its obligations under each Loan Document to which it is a party and to effect the 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. 
 SECTION
3.02 Authorization; Enforceability. The Transactions to be entered into by each Loan Party have been duly authorized by all necessary corporate or other action and, if required, action by the holders of such Loan Party’s Equity
Interests. This Agreement has been duly executed and delivered by each of Holdings and the Borrower and 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 Holdings, the Borrower or such Loan Party (as the case may be), enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws
affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 
 SECTION 3.03 Governmental Approvals; No Conflicts. The Transactions (a) do not require any material 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 the Organizational Documents of Holdings,
the Borrower or any Restricted Subsidiary, (c) will not violate any Requirement of Law applicable to Holdings, the Borrower or any Subsidiary, (d) will not violate or result in a default under any indenture, agreement or other instrument
(including all Franchise Agreements) binding upon Holdings, the Borrower or any Subsidiary or their respective assets, or give rise to a right thereunder to require any payment to be made by Holdings, the Borrower or any Subsidiary or give rise to a
right of, or result in, termination, cancelation or acceleration of any obligation thereunder, and (e) will not result in the creation or imposition of any Lien on any asset of Holdings, the Borrower or any Restricted Subsidiary (except Liens
created under the Loan Documents), except, in the cases of clauses (c) and (d), for any such violations or defaults that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

SECTION 3.04 Financial Condition; No Material Adverse Change. 

(a) The Borrower has heretofore furnished to the Lenders the consolidated balance sheet of Holdings and consolidated statements of
operations, stockholders’ equity and cash flows as of and for each of the fiscal years ended June 30, 2009, June 30, 2010 and December 31, 2011, reported on by KPMG LLP, independent public accountants certified by its chief
financial officer. Except as otherwise expressly noted therein, such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of Holdings, the Borrower and the Restricted
Subsidiaries as of such dates and for such periods in accordance with GAAP consistently applied. 
 (b) The Borrower has
heretofore furnished to the Lenders (i) the unaudited consolidated balance sheets of Holdings and related statements of income, stockholders’ equity and cash flows as of 

  
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and for the fiscal quarter ended March 31, 2012, (ii) the unaudited consolidated balance sheets of BKW and related statements of income, stockholders’ equity and cash flows as of
and for the fiscal quarter ended June 30, 2012 and (iii) with respect to the consolidated financial statements provided pursuant to clause (ii) above, consolidating information that explains in reasonable detail the differences
between the information related to BKW, on the one hand, and the information relating to the Borrower and its Restricted Subsidiaries on a standalone basis, on the other hand. 
 (c) Except as disclosed in the financial statements referred to above or the notes thereto and except for the Disclosed Matters, after giving effect to the Transactions, none of Holdings, the Borrower or
the Subsidiaries has, as of the Closing Date, any material contingent liabilities, unusual long-term commitments or unrealized losses, in each case outside the ordinary course of business. 

(d) No event, change or condition has occurred that has had, or could reasonably be expected to have, a material adverse effect on the
business, operations or financial condition of Holdings, the Borrower and the Restricted Subsidiaries, taken as a whole, since December 31, 2011. 
 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, except for defects in title that do not materially interfere with its ability to conduct its business as currently conducted or as proposed to be conducted. 
 (b) Each of the Borrower and the Restricted Subsidiaries owns, or is licensed or otherwise has the right to use, all trademarks, tradenames, copyrights, patents and other intellectual property in the
United States of America that is material to and necessary to conduct its business as currently conducted in the United States of America, and the use thereof by the Borrower and the Restricted Subsidiaries does not infringe the intellectual
property rights of any other Person, except for any such infringements that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

SECTION 3.06 Litigation and Environmental Matters. (a) There are no actions, suits or proceedings or, to the knowledge
of the Borrower, investigations, by or before any arbitrator or Governmental Authority pending against or, to the knowledge of the Borrower or any Subsidiary, threatened against or affecting Holdings, the Borrower or any Subsidiary (i) that
could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect (other than the Disclosed Matters) or (ii) that (x) on the Closing Date, involve any of the Loan Documents or the Transactions or
(y) on the date of any credit event after the Closing Date, could affect the legality, validity or enforceability of any of the Loan Documents. 
 (b) Except for the Disclosed Matters and except with respect to any other matters that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, neither
Holdings, the Borrower nor any 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 become subject to any
Environmental Liability, (iii) has received notice of any claim with respect to any Environmental Liability or (iv) knows of any basis for any Environmental Liability. 

(c) Since the Closing Date, there has been no change in the status of the Disclosed Matters that, individually or in the aggregate, has
resulted in, or could reasonably be expected to result in, a Material Adverse Effect. 
 SECTION 3.07 Compliance with
Laws. (a) Each of Holdings, the Borrower and the Restricted Subsidiaries is in compliance with its Organizational Documents and (b) each of Holdings, the Borrower 

  
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and the Subsidiaries is in compliance with all Requirements of Law applicable to it or its property, except, in the case of clause (b) of this Section, where the failure to do so,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 
 SECTION
3.08 Investment Company Status. None of Holdings, the Borrower or any Restricted Subsidiary is required to register as an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940.

 SECTION 3.09 Taxes. Each of Holdings, the Borrower and the Subsidiaries (a) has timely filed or caused to be
filed all Tax returns and reports required to have been filed, except to the extent that failure to do so could not reasonably be expected to result in a Material Adverse Effect, and (b) has paid or caused to be paid all Taxes required to have
been paid by it, except to the extent that the failure to do so would not reasonably be expected to result in a Material Adverse Effect. 
 SECTION 3.10 ERISA. No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to
occur, could reasonably be expected to result in a Material Adverse Effect. 
 SECTION 3.11 Disclosure. The reports,
financial statements, certificates or other information furnished by or on behalf of any Loan Party and made available by current management 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, do not contain any material misstatement of fact or omit to state any material fact necessary to make the statements therein, in the light
of the circumstances under which they were made, not misleading as of the date made, provided that, with respect to projected financial information, the Borrower represents only that such information was prepared in good faith based upon
assumptions believed by it to be reasonable at the time delivered and, if such projected financial information was delivered (a) on or prior to the Closing Date or as of the Closing Date (it being understood that such forecasts and projections
are subject to significant uncertainties and contingencies, many of which are beyond the Borrower’s control, that no assurance can be given that forecasts or projections will be realized, and that actual results may differ from projections and
such difference may be material). 
 SECTION 3.12 Subsidiaries. Holdings does not have any subsidiaries other than
the Borrower and the Subsidiaries. Schedule 3.12 sets forth the name of, and the ownership interest of the Borrower and each Subsidiary in, each Subsidiary and identifies each Subsidiary that is a Subsidiary Loan Party, in each case as of the
Closing Date. 
 SECTION 3.13 Labor Matters. Except as, in the aggregate, would not reasonably be expected to have a
Material Adverse Effect, (a) as of the Closing Date, there are no strikes or lockouts or any other material labor disputes against Holdings, the Borrower or any Subsidiary pending or, to the knowledge of Holdings, the Borrower or any
Subsidiary, threatened, (b) there is no organizing activity involving Holdings, the Borrower or any Subsidiary pending or, to the knowledge of Holdings, the Borrower or any Subsidiary, threatened by any labor union or group of employees,
(c) there are no representation proceedings pending or, to the knowledge of Holdings, the Borrower or any Subsidiary, threatened with the National Mediation Board, and no labor organization or group of employees of Holdings, the Borrower or any
Subsidiary has made a pending demand for recognition, (d) there are no material complaints or charges against Holdings, the Borrower or any Subsidiary pending or, to the knowledge of Holdings, the Borrower or any Subsidiary, threatened to be
filed with any Governmental Authority or arbitrator based on, arising out of, in connection with, or otherwise relating to the employment or termination of employment by Holdings, the Borrower or any Subsidiary of any individual and (e) the
consummation of the Transactions will not give rise to any right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to which Holdings, the Borrower or any Subsidiary is bound. 

  
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 SECTION 3.14 Solvency. On the Closing Date after giving effect to the
Transactions, Holdings, the Borrower and the Subsidiaries on a consolidated basis, are Solvent. 
 SECTION 3.15 Federal
Reserve Regulations. (a) No Loan Party is engaged principally, or as one of its important activities, in the business of extending credit for the purposes of buying or carrying Margin Stock (as defined under Regulation U). 

(b) No part of the proceeds of any Loan, and no Letter of Credit, will be used, whether directly or indirectly for any purpose that
entails a violation of the provisions of the Regulations of the Board, including Regulation U or X. 
 SECTION 3.16 Use
of Proceeds. The proceeds of the Term Loans made on the Closing Date shall be used to finance a portion of the Transactions and the Transaction Costs. The proceeds of the Revolving Loans shall be used to finance a portion of the Transactions and
the Transaction Costs and to finance the working capital needs and general corporate purposes of the Borrower and its Subsidiaries. 
 SECTION 3.17 Regulation H. No Mortgage encumbers improved real property that is located in an area that has been identified by the Secretary of Housing and Urban Development as an area having
special flood hazards and in which flood insurance has been made available under the National Flood Insurance Act of 1968, unless flood insurance has been obtained thereafter and is in effect. 

SECTION 3.18 Security Documents. (a) The Collateral Agreement is effective to create in favor of the Administrative
Agent, for the benefit of the Lenders, a legal, valid and enforceable security interest in the Collateral described therein and proceeds thereof, except as such enforceability may be limited by 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. In the case of the Pledged Equity described in the Collateral
Agreement, when stock certificates representing such Pledged Equity are delivered to the Administrative Agent (together with a properly completed and signed stock power or endorsement) (which delivery shall be made to the Administrative Agent to the
extent delivery is required by the Collateral Agreement), and in the case of the other Collateral described in the Collateral Agreement, when financing statements and other filings specified on Schedule 3.18(a) in appropriate form are filed in the
offices specified on Schedule 3.18(a), the Collateral Agreement will constitute a fully perfected Lien on, and security interest in (to the extent intended to be created thereby and to the extent such perfection is governed by the laws of the United
States, any state thereof or the District of Columbia), all right, title and interest of the Loan Parties in such Collateral and the proceeds thereof, as security for the Obligations, in each case prior and superior in right to any other Person
(except, in the case of Collateral other than Pledged Equity, Liens permitted by this Agreement). In the case of Collateral consisting of intellectual property described in the Collateral Agreement, when filings are made as described above and in
the United States Patent and Trademark Office and the United States Copyright Office, the Collateral Agreement will constitute a valid perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral
and the proceeds thereof, as security for the Obligations, in each case prior and superior in right to any other Person (except Liens permitted by this Agreement). 
 (b) When executed and delivered, each Foreign Pledge Agreement will be effective to create in favor of the Administrative Agent, for the benefit of the Lenders, a legal, valid and enforceable security
interest in the Collateral described therein and proceeds thereof, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting

  
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creditors’ rights generally. In the case of Collateral described therein constituting certificated securities, when such certificated securities are delivered to the Administrative Agent
(which delivery shall be made to the Administrative Agent to the extent delivery is required by such Foreign Pledge Agreement) and the other actions, if any, specified in such Foreign Pledge Agreements are taken, such Foreign Pledge Agreement shall
constitute a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral and the proceeds thereof, as security for the Obligations, in each case prior and superior in right to any other
Person (except Liens permitted by Section 6.02). 
 (c) Upon recording thereof in the appropriate recording office, each of
the Mortgages (if any) is effective to create in favor of the Administrative Agent, for the benefit of the Lenders, a legal, valid and enforceable Lien on the mortgaged properties described therein and proceeds thereof, except as such enforceability
may be limited by 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 3.19 Senior Indebtedness. The Obligations constitute “Senior Indebtedness” (or similar
definition) of the Borrower under its Subordinated Debt Documents (if any). 
 SECTION 3.20 Certain Documents. As of
the Closing Date, the Borrower has delivered to the Administrative Agent a complete and correct copy of the Senior Note Documents, including any amendments, supplements or modifications with respect to any of the foregoing as in effect on the
Closing Date. 
 ARTICLE IV 
 CONDITIONS 
 SECTION 4.01 Conditions to Initial Extension of Credit.
The agreement of each Lender to have made the initial extension of credit requested to be made by it on the Closing Date is subject to the satisfaction, prior or concurrently with the making of such extension of credit on the Closing Date, of the
following conditions precedent: 
 (a) Credit Agreement; Collateral Agreement; Foreign Pledge Agreements. The
Administrative Agent shall have received (i) this Agreement, executed and delivered by the Administrative Agent, Holdings, the Borrower and each Person listed on Schedule 2.01, an executed Tranche A Addendum from each Lender with a Tranche A
Commitment and an executed Tranche B Addendum from each Lender with a Tranche B Commitment, (ii) the Collateral Agreement, executed and delivered by Holdings, the Borrower and each Subsidiary Loan Party and (iii) the Foreign Pledge
Agreements in respect of the Equity Interests in Burger King (Gibraltar) Ltd. and Burgerking Limited, in each case executed and delivered by the Administrative Agent, the Borrower and any Foreign Subsidiaries party thereto. 

(b) Existing Credit Agreement. The Administrative Agent shall have received reasonably satisfactory evidence that all existing
indebtedness outstanding under the Existing Credit Agreement shall have been (or shall be, substantially simultaneously with the initial extension of credit hereunder) repaid and all commitments thereunder shall have been (or shall be, substantially
simultaneously with the initial extension of credit hereunder) terminated and all guarantees of any Person in respect of such indebtedness have been (or shall be, substantially simultaneously with the initial extension of credit hereunder)
terminated. 

  
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 (c) Financial Statements. The Lenders shall have received (i) audited
consolidated balance sheets and related statements of income, stockholders’ equity and cash flows of Holdings and its Subsidiaries for the fiscal years ended June 30, 2009, June 30, 2010 and December 31, 2011,
(ii) unaudited consolidated balance sheets and related statements of income, stockholders’ equity and cash flows of Holdings and its Subsidiaries as of and for the fiscal quarter ended March 31, 2012, (iii) unaudited consolidated
balance sheets and related statements of income, stockholders’ equity and cash flows of BKW and its Subsidiaries as of and for the fiscal quarter ended June 30, 2012 and (iv) with respect to financial statements provided pursuant to
clause (iii) above, consolidating information that explains in reasonable detail the differences between the information related to BKW, on the one hand, and the information relating to the Borrower and its Restricted Subsidiaries on a
standalone basis, on the other hand. 
 (d) Lien Searches. The Administrative Agent shall have received the results of a
recent lien search in each of the jurisdictions where the Loan Parties are organized, and such search shall reveal no Liens on any of the assets of the Loan Parties except for Liens (i) permitted by Section 6.02 or (ii) discharged (or
for which effective provision for discharge has been made) on or prior to the Closing Date pursuant to documentation reasonably satisfactory to the Administrative Agent. 
 (e) Fees. The Lenders, the Administrative Agent and the Joint Bookrunners shall have received all fees required to be paid, and all expenses required to be paid for which invoices have been
presented prior to the Closing Date. All such amounts will be paid with proceeds of Loans made on the Closing Date and will be reflected in the funding instructions given by the Borrower to the Administrative Agent on or before the Closing Date.

 (f) Closing Certificate; Certified Certificate of Incorporation; Good Standing Certificates. The Administrative Agent
shall have received (i) a certificate of each Loan Party, dated the Closing Date, substantially in the form of Exhibit F, with appropriate insertions and attachments including the certificate of incorporation or similar document of each Loan
Party that is a corporation certified by the relevant authority of the jurisdiction of organization of such Loan Party, (ii) a long form good standing certificate for each Loan Party (other than The Melodie Corporation) from its jurisdiction of
organization and (iii) such “bring-down” good standing certificates dated the Closing Date or the Business Day immediately preceding the Closing Date as the Administrative Agent shall reasonably require. 

(g) Legal Opinions. The Administrative Agent shall have received the following executed legal opinions: 

(i) the legal opinion of Lisa Giles-Klein, associate general counsel of the Borrower, substantially in the form of Exhibit
B; 
 (ii) the legal opinion of Kirkland & Ellis LLP, special counsel to the Loan Parties, substantially
in the form of Exhibit B-2; and 
 (iii) the legal opinion of local counsel in each of Florida, Gibraltar, the
United Kingdom, Canada and Mexico, in each case in form and substance reasonably satisfactory to the Administrative Agent. 

(h) Pledged Equity Interests; Stock Powers. The Administrative Agent shall have received, except to the extent in the possession
of the Administrative Agent, the certificates representing the shares of Equity Interests pledged pursuant to the Collateral Agreement, except to the extent such Equity Interests are permitted to be uncertificated pursuant to applicable law or
charter, together with an undated stock power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof. 

  
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 (i) Filings, Registrations and Recordings. The Administrative Agent shall have
received each Uniform Commercial Code financing statement required by the Security Documents or under law or reasonably requested by the Administrative Agent to be filed in order to create in favor of the Administrative Agent, for the benefit of the
Lenders, a perfected Lien on the Collateral described therein in proper form for filing. 
 (j) Solvency Certificate. The
Administrative Agent shall have received a solvency certificate of the chief financial officer or chief executive officer of Holdings or the Borrower substantially in the form of Exhibit G, certifying the solvency of Holdings, the Borrower and the
Subsidiaries, on a consolidated basis, after giving effect to the Transactions contemplated hereby. 
 (k) USA Patriot
Act. The Administrative Agent shall have received at least five days prior to the Closing Date all documentation and other information as is reasonably requested in writing by the Administrative Agent about the Borrower and the Subsidiaries and
required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the PATRIOT Act. 
 SECTION 4.02 Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing, and of any Issuing Bank to issue, amend, renew or extend any Letter of Credit, is
subject to receipt of the request therefor in accordance herewith and to the satisfaction of the following conditions: 
 (a)
The representations and warranties of each Loan Party set forth in the Loan Documents that are qualified by materiality shall be true and correct, and the representations and warranties that are not so qualified shall be true and correct in all
material respects, in each case on and as of the date of such Borrowing or the date of issuance, amendment, renewal or extension of such Letter of Credit, as the case may be (other than with respect to any representation and warranty that expressly
relates to an earlier date, in which case such representation and warranty shall be true and correct, or true and correct in all material respects, as the case may be, as of such earlier date). 

(b) At the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter
of Credit, as the case may be, no Default shall have occurred and be continuing. 
 Each Borrowing (provided that a
conversion or a continuation of a Borrowing shall not constitute a “Borrowing” for purposes of this Section) and each issuance, amendment, renewal or extension of a Letter of Credit shall be deemed to constitute a representation and
warranty by Holdings and the Borrower on the date thereof as to the matters specified in paragraphs (a) and (b) of this Section. 
 ARTICLE V 
 AFFIRMATIVE 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 (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 (or, with respect to outstanding Letters of Credit, shall have been
fully cash collateralized or backed by standby letters of credit reasonably acceptable to the applicable Issuing Bank) and all LC Disbursements shall have been reimbursed, the Borrower covenants and agrees with the Lenders 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 105 days after the end of each fiscal year of the
Borrower, the Borrower’s consolidated balance sheet and related consolidated statements of operations, stockholders’ equity and cash flows 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 KPMG LLP or other independent public accountants of recognized national standing (without a “going concern” or like qualification or exception and without any
qualification or exception as to the scope of such audit other than any “going concern” or like qualification or exception with respect to the regularly scheduled maturity of the Revolving Commitments) to the effect that such consolidated
financial statements present fairly in all material respects the financial condition and results of operations of the Borrower and the Subsidiaries on a consolidated basis in accordance with GAAP consistently applied; 

(b) within 60 days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower (or if any fiscal year
contains less than four quarters, each of the quarters other than the quarter ending on the date corresponding to the end of such fiscal year), the Borrower’s consolidated balance sheet and related consolidated statements of operations,
stockholders’ equity and cash flows as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods, if any, 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 and results of operations 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; 
 (c) within five Business Days of delivery of financial statements under paragraph (a) or (b) above, a certificate of a Financial Officer substantially in the form of Exhibit E (the
“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 and
(ii) setting forth reasonably detailed calculations (A) demonstrating compliance with the covenants contained in Sections 6.11 and 6.12 and (B) in the case of financial statements delivered under paragraph (a) above, beginning
with the financial statements for the first fiscal year of the Borrower ending on or after December 31, 2013, of Excess Cash Flow; 
 (d) within five Business Days of delivery of financial statements under paragraph (a) above, a certificate of the accounting firm that reported on such financial statements stating whether they
obtained knowledge during the course of their examination of such financial statements of any Default under Section 6.11 or 6.12 and, if such knowledge has been obtained, describing such Default (which certificate may be limited to the extent
required by accounting rules or guidelines); 
 (e) if, as a result of any change in GAAP or in the application thereof from
those in effect on the Closing Date, the financial statements delivered pursuant to clause (a) or (b) above will differ in any material respect from the financial statements that would have been delivered pursuant to such clauses had no
such change in GAAP or the application thereof been made, then, together with the first delivery of financial statements pursuant to paragraph (a) or (b) above following such change, a schedule prepared by a Financial Officer on behalf of
the Borrower or the relevant reporting entity reconciling such changes to what the financial statements would have been without giving effect to such change; 
 (f) together with each set of consolidated financial statements referred to in Sections 5.01(a) and 5.01(b) above, the related consolidating financial statements reflecting the adjustments necessary to
eliminate the accounts of Unrestricted Subsidiaries (if any) (which may be in footnote form only) from such consolidated financial statements. 

  
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 (g) no later than 45 days after the commencement of each fiscal year of the Borrower, a
detailed quarterly consolidated budget for such fiscal year (including a projected consolidated balance sheet and consolidated statements of projected operations, income and cash flows as of the end of and for each fiscal quarter of such fiscal year
and setting forth the assumptions used for purposes of preparing such budget); 
 (h) promptly after the same become publicly
available, copies of all annual, regular, special and periodic reports, proxy statements and registration statements (other than exhibits thereto and any registration statements on Form S-8 or its equivalent) filed by Holdings, the Borrower or any
Subsidiary with the SEC or with any national securities exchange or, after an IPO, distributed by Holdings or the Borrower to the holders of its Equity Interests generally, as the case may be; 

(i) upon the request of the Administrative Agent, copies of any documents described in Sections 101(k) or 101(l) of ERISA that Borrower
or any ERISA Affiliate or Subsidiary may request with respect to any Multiemployer Plan; provided, that if the Borrower or any of its ERISA Affiliates or Subsidiaries have not requested such documents or notices from the administrator or
sponsor of the applicable Multiemployer Plan, then, upon reasonable written request of the Administrative Agent, the Borrower and/or its ERISA Affiliates or Subsidiaries shall promptly make a request for such documents or notices from such
administrator or sponsor and the Borrower shall provide copies of such documents and notices to the Administrative Agent promptly after receipt thereof; and 
 (j) promptly following any request therefor, such other information regarding the operations, business affairs and financial condition of Holdings, the Borrower or any Subsidiary, or compliance with the
terms of any Loan Document, as the Administrative Agent or any Lender may reasonably request. 
 Notwithstanding the foregoing,
the obligations in paragraphs (a) and (b) of this Section may be satisfied with respect to financial information of the Borrower by furnishing (A) the applicable financial statements of any direct or indirect parent of the Borrower
that holds all of the Equity Interests of the Borrower or (B) the Borrower’s (or any direct or indirect parent thereof), as applicable, Form 10-K or 10-Q, as applicable, filed with the SEC; provided that, with respect to each of
clauses (A) and (B), (i) to the extent such information relates to a parent of the Borrower, such information is accompanied by consolidating information that explains in reasonable detail the differences between the information relating
to the Borrower (or such parent), on the one hand, and the information relating to the Borrower and the Restricted Subsidiaries on a standalone basis, on the other hand and (ii) to the extent such information is in lieu of information required
to be provided under Section 5.01(a), such materials are reported on by KPMG LLP or other independent public accountants of recognized national standing (without a “going concern” or like qualification or exception and without any
qualification or exception as to the scope of such audit other than any “going concern” or like qualification or exception with respect to the regularly scheduled maturity of the Revolving Commitments) to the effect that such consolidated
financial statements present fairly in all material respects the financial condition and results of operations of the Borrower and the Subsidiaries on a consolidated basis in accordance with GAAP consistently applied. 

Documents required to be delivered pursuant to Section 5.01(a) and Section 5.01(b) may be delivered electronically and if so
delivered, shall be deemed to have been delivered on the date (i) on which the (A) Borrower posts such documents, or provides a link thereto on the Borrower’s website on the Internet and (B) the Borrower gives a notice to the
Administrative Agent of such posting or (ii) on which such documents are posted on the Borrower’s behalf on IntraLinks/IntraAgency or another relevant 

  
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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
upon written request by the Administrative Agent, the Parent Borrower shall deliver paper copies of such documents to the Administrative Agent for further distribution to each Lender until a written request to cease delivering paper copies is given
by the Administrative Agent. Each Lender shall be solely responsible for timely accessing posted documents or requesting delivery of paper copies of such documents from the Administrative Agent and maintaining its copies of such documents.

 SECTION 5.02 Notices of Material Events. The Borrower will furnish to the Administrative Agent (for distribution
to each Lender through the Administrative Agent) prompt written notice of the following: 
 (a) the occurrence of any Default;

 (b) the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority
against or, to the knowledge of Financial Officer or another executive officer of the Borrower or any Subsidiary, affecting the Borrower or any Affiliate thereof that could reasonably be expected to result in a Material Adverse Effect; 

(c) the occurrence of any ERISA Event or any fact or circumstance that gives rise to a reasonable expectation that any ERISA Event will
occur that, in either case, alone or together with any other ERISA Events that have occurred or are reasonably expected to occur, could reasonably be expected to result in liability of the Borrower and the Subsidiaries in an aggregate amount
exceeding $20,000,000; and 
 (d) any other development (including notice of any Environmental Liability) that results in, or
could reasonably be expected to result in, a Material Adverse Effect. 
 Each notice delivered under this Section shall be
accompanied by a written statement of a Financial Officer or other executive 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.

 SECTION 5.03 Information Regarding Collateral. (a) The Borrower will furnish to the Administrative Agent
prompt written notice of any change (i) in any Loan Party’s corporate name, (ii) in the jurisdiction of incorporation or organization of any Loan Party or (iii) in any Loan Party’s organizational identification number. The
Borrower agrees not to effect or permit any change referred to in the preceding sentence unless all filings have been made or will be made substantially contemporaneously with such change under the Uniform Commercial Code or otherwise that are
required in order for the Administrative Agent to continue at all times following such change to have a valid, legal and perfected security interest in all the Collateral. 
 (b) At the time of delivery of financial statements pursuant to Section 5.01(a), the Borrower shall deliver to the Administrative Agent a certificate executed by a Financial Officer or chief legal
officer of the Borrower (i) setting forth the information required pursuant to Sections 1 and 4 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 Closing Date or the date of the most recent certificate delivered pursuant to this Section and (ii) certifying that all Uniform Commercial Code financing statements containing a description of the Collateral have been filed of record in
each governmental, municipal or other appropriate office in each jurisdiction identified pursuant to clause (i) above to the extent necessary to protect and perfect the security interests under the Collateral Agreement for a period of not less
than 18 months after the date of such certificate (except as noted therein with respect to any continuation statements to be filed within such period). 

  
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 SECTION 5.04 Existence; Conduct of Business. The Borrower will, and will cause
each Restricted Subsidiary to, if and to the extent the Borrower shall reasonably deem appropriate under the circumstances in its reasonable business judgment, do or cause to be done all things reasonably necessary to obtain, preserve, renew and
keep in full force and effect its legal existence and the rights, licenses, permits, privileges and franchises, and the patents, copyrights, trademarks and trade names owned by the Borrower and the Restricted Subsidiaries in the United States of
America, that, in each case, is necessary for the conduct of its business taken as a whole, provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted under Section 6.03. 

SECTION 5.05 Payment of Taxes. The Borrower will, and will cause each Restricted Subsidiary to, pay its Tax liabilities,
before the same shall become delinquent or in default, except where the validity or amount thereof is being contested in good faith by appropriate proceedings or other appropriate actions and the failure to make payment pending such contest or
action could not reasonably be expected 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 in good working order and condition, ordinary wear and tear excepted, except where the failure to do so, individually or in the
aggregate, could not reasonably be expected to result in a Material Adverse Effect. 
 SECTION 5.07 Insurance. The
Borrower will, and will cause each Restricted Subsidiary to, maintain, with financially sound and reputable insurance companies, (a) insurance in such amounts (with no greater risk retention and giving effect to self-insurance) and against such
risks as is (i) customarily maintained by companies of established repute engaged in the same or similar businesses operating in the same or similar locations and (ii) considered adequate by Holdings and the Borrower and (b) all
insurance as may be required by law. The Borrower will furnish to the Lenders, upon request of the Administrative Agent, information in reasonable detail as to the insurance so maintained. 

SECTION 5.08 Books and Records; Inspection and Audit Rights. The Borrower will, and will cause each Restricted Subsidiary to,
keep proper books of record and account in which full, true and correct entries are made of all material dealings and transactions in relation to its business and activities. 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 during normal business hours and as often as reasonably requested, provided that visits by the Lenders shall be coordinated with the Administrative Agent and, so long
as no Event of Default has occurred and is continuing, shall not occur more than twice in any fiscal year of the Borrower. 

SECTION 5.09 Compliance with Laws. The Borrower will, and will cause each Restricted Subsidiary to, comply with all material
Requirements of Law with respect to it or its property, except when the failure to do so, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

SECTION 5.10 Environmental Laws. The Borrower will, and will cause each Subsidiary Loan Party to comply in all material
respects with all applicable Environmental Laws, and obtain and comply in all material respects with and maintain any and all licenses, approvals, notifications, registrations or permits required by applicable Environmental Laws. This clause shall
be deemed not breached by a noncompliance with the foregoing if such noncompliance in the aggregate with any other noncompliance with any of the foregoing could not reasonably be expected to have a Material Adverse Effect. 

  
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 SECTION 5.11 Additional Subsidiaries. If (a) any additional Restricted
Subsidiary that is required to become a Subsidiary Loan Party hereunder and/or the Equity Interests of which are required to be pledged pursuant to the Collateral and Guarantee Requirement is formed or acquired after the Closing Date, (b) any
Unrestricted Subsidiary is converted into a Restricted Subsidiary after the Closing Date or (c) as of the end of any fiscal quarter of the Borrower, any Restricted Subsidiary that was a De Minimis Foreign Subsidiary no longer constitutes a De
Minimis Foreign Subsidiary then, in each case, the Borrower will, promptly after (i) in the case of clause (a) or (b) above, the date such Subsidiary is formed or acquired or converted or (ii) in the case of clause
(c) above, the date on which financial statements are required to be delivered pursuant to Section 5.01(a) or (b) with respect to such fiscal quarter, notify the Administrative Agent thereof and, promptly after such Subsidiary is
formed or acquired or converted, in the case of Domestic Subsidiaries, and within 60 calendar days after such Subsidiary is formed or acquired or converted (or, in the case of clause (c) above, within 60 calendar days after the end of such
fiscal quarter), in the case of Foreign Subsidiaries, cause the Collateral and Guarantee Requirement to be satisfied unless otherwise agreed by the Administrative Agent in its reasonable judgment (x) with respect to such Subsidiary if such
Subsidiary is required to become a Subsidiary Loan Party and (y) with respect to any Equity Interest in such Subsidiary owned by or on behalf of any Loan Party to the extent required to be pledged pursuant to the Collateral and Guarantee
Requirement. 
 SECTION 5.12 Further Assurances. (a) The Borrower will, and will cause each Subsidiary Loan
Party to, execute any and all further documents, financing statements, agreements and instruments, and take all such further actions (including and subject to the particular requirements of the Collateral Agreement, the filing and recording of
financing statements and other documents), that may be required under any applicable law, or 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. The Borrower also agrees to provide to the Administrative Agent, from time to time upon request, evidence reasonably satisfactory to the Administrative Agent as to the perfection and priority of the Liens
created or intended to be created by the Security Documents. 
 (b) If any fee interest in any real property having a value
(together with improvements thereof) of at least $10,000,000 is acquired by any Loan Party after the Closing Date (other than any such real property subject to a Lien expressly permitted by Section 6.02(v)), promptly (i) execute and
deliver a first priority Mortgage, in favor of the Administrative Agent, for the benefit of the Lenders, covering such real property, (ii) if requested by the Administrative Agent, (x) provide the Lenders with title and extended coverage
insurance covering such real property in an amount at least equal to the purchase price of such real property (or such other amount as shall be reasonably specified by the Administrative Agent) as well as a current ALTA survey thereof, together with
a surveyor’s certificate and (y) use commercially reasonable efforts to obtain consents or estoppels reasonably deemed necessary or advisable by the Administrative Agent in connection with such Mortgage, each of the foregoing in form and
substance reasonably satisfactory to the Administrative Agent and (iii) if requested by the Administrative Agent, deliver to the Administrative Agent legal opinions relating to the matters described above, which opinions shall be in form and
substance, and from counsel, reasonably satisfactory to the Administrative Agent. 
 SECTION 5.13 Designation of
Subsidiaries. The board of directors of the Borrower may at any time 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 and the Restricted Subsidiaries shall be in compliance, on a Pro Forma
Basis, with the covenants set forth in Sections 6.11 and 6.12, recomputed as of the last day of the most-recently 

  
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ended fiscal quarter of the Borrower for which financial statements have been delivered pursuant to Section 5.01(a) or (b) (and, as a condition precedent to the effectiveness of any
such designation, the Borrower shall deliver to the Administrative Agent a certificate setting forth in reasonable detail the calculations demonstrating such compliance) and (iii) no Subsidiary may be designated as an Unrestricted Subsidiary if
it is a “Restricted Subsidiary” for the purpose of the Senior Notes (or any Permitted Refinancing thereof) or any Subordinated Debt, as applicable. The designation of any Subsidiary as an Unrestricted Subsidiary shall constitute an
Investment by the Borrower therein at the date of designation in an amount equal to the net book value of the Borrower’s (as applicable) investment therein. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall
constitute the incurrence at the time of designation of any Indebtedness or Liens of such Subsidiary existing at such time. 

SECTION 5.14 Additional Guarantors. If any Person that is not a Loan Party hereunder provides a Guarantee in respect of the
Senior Notes, then the Borrower will, on the date such Person Guarantees the Senior Notes, cause such Person to enter into a Guarantee of the Loan Document Obligations in form and substance reasonably satisfactory to the Administrative Agent (each,
an “Additional Guarantee”); provided that such Person shall be released from its Additional Guarantee and shall no longer be an Additional Guarantor hereunder upon such Person being released from its Guarantee in respect of
the Senior Notes. 
 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 been terminated (or, with
respect to outstanding Letters of Credit, shall have been fully cash collateralized or backed by standby letters of credit reasonably acceptable to the applicable Issuing Bank) and all LC Disbursements shall have been reimbursed, the Borrower (and
with regard to Section 6.13 only, Holdings) covenants and agrees with the Lenders that: 
 SECTION
6.01 Indebtedness. The Borrower will not, and will not permit any Restricted Subsidiary to, create, incur, assume or permit to exist any Indebtedness, except: 
 (i) Indebtedness created under the Loan Documents; 
 (ii) Indebtedness existing on
the Closing Date and set forth in Schedule 6.01 and extensions, renewals and replacements of any such Indebtedness, provided that such extending, renewal or replacement Indebtedness (A) shall not be Indebtedness of an obligor that was
not an obligor with respect to the Indebtedness being extended, renewed or replaced, (B) shall not be in a principal amount that exceeds the principal amount of the Indebtedness being extended, renewed or replaced (plus any accrued but unpaid
interest fees and redemption premium payable by the terms of such Indebtedness thereon), (C) shall not have any earlier maturity date or shorter weighted average life than the Indebtedness being extended, renewed or replaced and (D) shall
be subordinated to the Obligations on the same terms, if any, as the Indebtedness being extended, renewed or replaced; 
 (iii)
Indebtedness of the Borrower to any Subsidiary and of any Restricted Subsidiary to the Borrower or any other Subsidiary, provided (A) that Indebtedness of any Restricted Subsidiary that is not a Loan Party to the Borrower or any
Subsidiary Loan Party shall be subject to Section 6.04 and (B) Indebtedness of the Borrower to any Restricted Subsidiary that is not a Subsidiary Loan Party and Indebtedness of any Subsidiary Loan Party to any Subsidiary that is not a
Subsidiary Loan Party shall be subordinated to the Obligations on terms reasonably satisfactory to the Administrative Agent; 

  
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 (iv) Guarantees by the Borrower of Indebtedness of Holdings or any Restricted Subsidiary and
by any Restricted Subsidiary of Indebtedness of Holdings, the Borrower or any other Restricted Subsidiary, provided that (A) the Indebtedness so Guaranteed is permitted by this Section (other than clause (a)(ii) or (a)(vi)),
(B) Guarantees by the Borrower or any Subsidiary Loan Party of Indebtedness of any Restricted Subsidiary that is not a Loan Party shall be subject to Section 6.04, (C) Guarantees permitted under this clause (iv) shall be
subordinated to the Obligations of the applicable Restricted Subsidiary to the same extent and on the same terms as the Indebtedness so Guaranteed is subordinated to the Obligations and (D) no Subordinated Debt shall be Guaranteed by any
Restricted Subsidiary unless such Restricted Subsidiary is a Loan Party that has Guaranteed the Obligations pursuant to the Collateral Agreement; 
 (v) (A) Indebtedness of the Borrower or any Restricted Subsidiary incurred to finance the acquisition, construction or improvement of any fixed or capital assets, including Capital Lease Obligations and
any Indebtedness assumed by the Borrower or any Restricted Subsidiary in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition thereof, provided that such Indebtedness is incurred
prior to or within 180 days after such acquisition or the completion of such construction or improvement, (B) extensions, renewals and replacements of any such Indebtedness so long as the principal amount of any such extensions, renewals or
replacements does not exceed the principal amount of the Indebtedness being extended, renewed or replaced (plus any accrued but unpaid interest, fees and premiums payable by the terms of such Indebtedness thereon) and (C) Capital Lease
Obligations incurred by the Borrower or any Restricted Subsidiary in respect of any Permitted Sale and Leaseback Transaction, provided that the aggregate principal amount of Indebtedness permitted by sub-clauses (A) and (B) of this
clause (v) shall not exceed $150,000,000 at any time outstanding; 
 (vi) Indebtedness of any Person (A) that becomes
a Restricted Subsidiary or merges with or into a Restricted Subsidiary or the Borrower after the Closing Date or (B) all or substantially all the assets of which are acquired by the Borrower or any Restricted Subsidiary pursuant to a
transaction in which Indebtedness is assumed by the Borrower or any Restricted Subsidiary, in each case after the Closing Date, provided that such Indebtedness exists at the time such Person becomes a Restricted Subsidiary or merges with or
into a Restricted Subsidiary or the Borrower or at the time of such asset acquisition, and is not created in contemplation of or in connection with such Person becoming a Restricted Subsidiary or merging with or into a Restricted Subsidiary or the
Borrower or at the time of such asset acquisition, and extensions, renewals and replacements of any such Indebtedness so long as the principal amount of such extensions, renewals and replacements does not exceed the principal amount of the
Indebtedness being extended, renewed or replaced (plus any accrued but unpaid interest and redemption premium payable by the terms of such Indebtedness thereon), provided that the aggregate principal amount of Indebtedness permitted by this
clause (vi) shall not exceed $175,000,000 at any time outstanding; 
 (vii) Indebtedness in respect of netting services,
overdraft protection or in connection with deposit accounts and securities accounts, in each case incurred in the ordinary course of business; 
 (viii) Indebtedness owed to any Person (including obligations in respect of letters of credit for the benefit of such Person) providing workers’ compensation, health, disability or other employee
benefits or property, casualty or liability insurance, pursuant to reimbursement or indemnification obligations to such Person, in each case incurred in the ordinary course of business; 

  
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 (ix) Indebtedness of the Borrower or any Restricted Subsidiary in respect of performance
bonds, bid bonds, appeal bonds, surety bonds, performance and completion guarantees and similar obligations (other than in respect of other Indebtedness for borrowed money), in each case provided in the ordinary course of business; 

(x) Indebtedness in respect of Swap Agreements permitted by Section 6.06; 

(xi) (A) Subordinated Debt that is issued for cash payable on the date of issuance thereof or as consideration for a Permitted
Acquisition, provided that (1) if such Subordinated Debt is issued for cash, the Net Proceeds of such Subordinated Debt are used, promptly after such Net Proceeds are received by the Borrower, (x) to consummate one or more Permitted
Acquisitions, or (y) to prepay Terms Loans pursuant to Section 2.11(c), (2) no Default has occurred and is continuing or would result therefrom and (3) the Borrower is in compliance on a Pro Forma Basis after giving effect to the
incurrence of such Subordinated Debt with the covenants contained in Sections 6.11 and 6.12 recomputed as of the last day of the most-recently ended Test Period prior to the issuance of such Subordinated Debt for which financial statements have been
delivered pursuant to Section 5.01(a) or (b) and, in the case of any issuance of Subordinated Debt in an aggregate principal amount in excess of $15,000,000, has delivered to the Administrative Agent a certificate of a Financial Officer to
such effect, together with all relevant financial information reasonably requested by the Administrative Agent, including reasonably detailed calculations demonstrating compliance with clause (3) above and (B) Subordinated Refinancing
Indebtedness in respect of Subordinated Debt issued pursuant to clause (A) above or this clause (B); 
 (xii) Guarantees
of, or the assumption of, Indebtedness of Franchisees, suppliers, distributors or licensees of the Borrower and the Restricted Subsidiaries, in each case to the extent permitted pursuant to Section 6.04(o); 

(xiii) Indebtedness secured by Liens pursuant to Section 6.02(xiii) in an aggregate principal amount not exceeding $50,000,000 at
any time outstanding; 
 (xiv) Indebtedness of Holdings or the Borrower not exceeding $20,000,000 at any time outstanding,
evidenced by promissory notes issued to former or current management, directors, Franchisees or employees of Holdings, the Borrower or any of the Restricted Subsidiaries in lieu of any cash payment permitted to be made under
Section 6.07(a)(iii), provided that all such Indebtedness shall be unsecured and expressly subordinated to the prior payment in full in cash of all Obligations on terms that are reasonably satisfactory to the Administrative Agent;

 (xv) Indebtedness of Foreign Subsidiaries in an aggregate principal amount not exceeding $20,000,000 at any time outstanding;

 (xvi) the Senior Notes and any Guarantee by Holdings or a Subsidiary Loan Party of the obligations under the Senior Notes and
any Permitted Refinancing thereof; 
 (xvii) other Indebtedness in an aggregate principal amount not exceeding $30,000,000 at
any time outstanding; and 
 (xviii) Indebtedness incurred by the Borrower to the extent that 100% of the Net Proceeds therefrom
are, immediately after the receipt thereof, applied solely to the prepayment of Term Loans in accordance with Section 2.11(c); provided that (A) such Indebtedness does not require any scheduled payment of principal (including
pursuant to a sinking fund obligation) or mandatory redemption or redemption at the option of the holders thereof (except for redemptions in respect of asset sales and changes in control on terms that are market terms on the date of issuance) prior
to the date that is 180 

  
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days after the Latest Maturity Date in effect as of the date of incurrence of such Indebtedness, (B) no Restricted Subsidiary is a borrower or guarantor with respect to such Indebtedness
unless such Restricted Subsidiary is a Subsidiary Loan Party which shall have previously or substantially concurrently Guaranteed the Obligations, (C) such Indebtedness contains market terms on the date of issuance, provided that if such
Indebtedness contains any financial maintenance covenants, such covenants shall not be tighter than those contained in this Agreement, (D) if any Term Loans remain outstanding after giving effect to the prepayment required hereunder, the
aggregate principal amount of such outstanding Term Loans shall not be less than $250,000,000 and (E) the Borrower is in compliance on a Pro Forma Basis after giving effect to the incurrence of such Indebtedness with the covenants contained in
Sections 6.11 and 6.12 recomputed as of the last day of the most recently-ended Test Period prior to the incurrence of such Indebtedness for which financial statements have been delivered pursuant to Sections 5.01(a) or (b), and the Borrower has
delivered to the Administrative Agent a certificate of a Financial Officer, together with all relevant financial information reasonably requested by the Administrative Agent, including reasonably detailed calculations demonstrating compliance with
clauses (A), (B), (C), (D) and (E). 
 SECTION 6.02 Liens. The Borrower will not, nor will it 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) any Lien on any property or asset of the Borrower or any Restricted Subsidiary existing on the Closing Date and set
forth in Schedule 6.02, provided that (A) such Lien shall not apply to any other property or asset of the Borrower or any Restricted Subsidiary and (B) such Lien shall secure only those obligations that it secures on the Closing
Date and extensions, renewals and replacements thereof so long as the principal amount of such extensions, renewals and replacements does not exceed the principal amount of the obligations being extended, renewed or replaced (plus any accrued but
unpaid interest, fees and premiums payable by the terms of such obligations thereon); 
 (iv) any Lien existing on any property
or asset prior to the acquisition thereof by the Borrower or any Restricted Subsidiary or existing on any property or asset any Person that becomes a Restricted Subsidiary or merges with or into a Restricted Subsidiary or the Borrower after the
Closing Date prior to the time such Person becomes a Restricted Subsidiary or such merger, provided that (A) such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming a Restricted
Subsidiary or merging with or into a Restricted Subsidiary or the Borrower, as the case may be, (B) such Lien shall not apply to any other property or asset of the Borrower or any Restricted Subsidiary and (C) such Lien shall secure only
those obligations that it secures on the date of such acquisition or the date such Person becomes a Restricted Subsidiary or merges with or into a Restricted Subsidiary or the Borrower, as the case may be, and extensions, renewals and replacements
thereof so long as the principal amount of such extensions, renewals and replacements does not exceed the principal amount of the obligations being extended, renewed or replaced (plus any accrued but unpaid interest, fees and premiums payable by the
terms of such obligations thereon); 
 (v) Liens on fixed or capital assets acquired, constructed or improved (including any
such assets made the subject of a Capital Lease Obligation incurred) by the Borrower or any Restricted Subsidiary, provided that (A) such Liens secure Indebtedness incurred or assumed to finance such acquisition, construction or
improvement and are permitted by clause (v)(A) of Section 6.01 or to extend, renew or replace such Indebtedness and are permitted by clause (v)(B) of Section 6.01, (B) such Liens and the Indebtedness secured thereby are incurred or
assumed prior to or within 180 days after such 

  
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acquisition or the completion of such construction or improvement (provided that this clause (B) shall not apply to any Indebtedness permitted by clause (v)(B) of Section 6.01 or
any Lien securing such Indebtedness), (C) the Indebtedness secured thereby does not exceed the lesser of the cost of acquiring, constructing or improving such fixed or capital asset or, in the case of Indebtedness permitted by clause (v)(A) of
Section 6.01, its fair market value at the time such security interest attaches, and in any event, the aggregate principal amount of such Indebtedness does not exceed $125,000,000 at any time outstanding and (D) such Liens shall not apply
to any other property or assets of the Borrower or any Subsidiary; 
 (vi) Liens of a collecting bank arising in the ordinary
course of business under Section 4-208 of the Uniform Commercial Code in effect in the relevant jurisdiction covering only the items being collected upon; 
 (vii) Liens representing any interest or title of a licensor, lessor or sublicensor or sublessor under any lease or license permitted by this Agreement; 

(viii) Liens that are rights of setoff relating to deposit accounts in favor of banks and other depositary institutions arising in the
ordinary course of business; 
 (ix) Liens granted by a Restricted Subsidiary that is not a Loan Party in favor of the Borrower
or another Loan Party in respect of Indebtedness or other obligations owed by such Subsidiary to such Loan Party; 
 (x) Liens
granted in connection with any Permitted Sale and Leaseback Transaction; 
 (xi) 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; 
 (xii)
Liens on not more than $5,000,000 of cash and cash equivalents securing Swap Agreements that (A) are permitted by Section 6.06 and (B) hedge or mitigate risks as a result of currency fluctuations; 

(xiii) Liens on assets, other than Equity Interests, receivables, inventory and intellectual property, securing Indebtedness outstanding
pursuant to Section 6.01(xiii); 
 (xiv) Liens on the assets of a Foreign Subsidiary that secure Indebtedness of such
Foreign Subsidiary that is incurred pursuant to Section 6.01(xv); 
 (xv) (A) pledges or deposits made in the ordinary
course of business securing liability to insurance carriers under insurance or self-insurance arrangements and (B) Liens securing cash collateral that are (x) provided to insurance carriers or (y) for letters of credit issued in favor
of insurance carriers, in each case in the ordinary course of business; provided that the aggregate amount of cash collateral pursuant to clauses (x) and (y) in the aggregate shall not exceed $20,000,000;

(xvi) Liens on the Equity Interests of joint ventures securing financing arrangements for the benefit of the applicable joint venture
that are not otherwise prohibited under this Agreement; 
 (xvii) Liens not otherwise permitted by this Section to the extent
that neither (A) the aggregate outstanding principal amount of the obligations secured thereby nor (B) the aggregate fair market value (determined as of the date such Lien is incurred) of the assets subject thereto exceeds $50,000,000 at
any time outstanding; and 

  
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 (xviii) Liens securing Indebtedness permitted pursuant to Section 6.01(xviii);
provided that such Liens may be either a first priority Lien on the Collateral that is pari passu with the Lien securing the Obligations or a Lien ranking junior to the Lien on the Collateral securing the Obligations (but may not be secured
by any other assets that are not Collateral) and, in any such case, the beneficiaries thereof (or an agent on their behalf) shall have entered into an intercreditor agreement with the Administrative Agent that is reasonably satisfactory to the
Administrative Agent. 
 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, if at the time thereof and immediately after giving effect thereto no
Default shall have occurred and be continuing (i) any Person may merge into the Borrower in a transaction in which the Borrower is the surviving corporation, (ii) any Person (other than the Borrower) may merge into any Restricted
Subsidiary in a transaction in which the surviving entity is a Restricted Subsidiary and (if any party to such merger is a Subsidiary Loan Party) is a Subsidiary Loan Party, (iii) any Restricted Subsidiary may liquidate or dissolve if the
Borrower determines in good faith that such liquidation or dissolution is in the best interests of the Borrower and is not materially disadvantageous to the Lenders and (iv) any Restricted Subsidiary may merge into another Person in connection
with the disposition of such Restricted Subsidiary if such disposition is permitted pursuant to Section 6.05, provided that any such merger involving a Person that is not a wholly owned Restricted Subsidiary immediately prior to such
merger shall not be permitted unless also permitted by Sections 6.04, 6.05 and 6.06. 
 (b) The Borrower will not, and the
Borrower 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 Closing Date and businesses reasonably related,
complementary or ancillary thereto. 
 SECTION 6.04 Investments, Loans, Advances, Guarantees and Acquisitions. The
Borrower will not, nor will it permit any Restricted Subsidiary to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly owned Restricted Subsidiary prior to such merger) any Equity Interests in or
evidences of Indebtedness or other securities (including any option, warrant or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any Indebtedness of, or make or permit to exist any
investment or any other interest in, any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person constituting a business unit (any such purchase, holding, acquisition, loan,
advance, Guarantee, investment or interest, an “Investment”), except: 
 (a) Permitted Investments; 

(b) Permitted Acquisitions; 
 (c) Investments existing on the Closing Date and set forth on Schedule 6.04 and any modification, replacement, renewal, reinvestment or extension thereof; provided that the amount of any Investment
permitted pursuant to this Section 6.04(c) is not increased from the amount of such Investment on the Closing Date except pursuant to the terms of such Investment as of the Closing Date or as otherwise permitted by this Section 6.04;

 (d) Investments (other than loans, advances and Guarantees, which are covered by paragraphs (e) and (f) below) by
the Borrower and the Restricted Subsidiaries in Equity Interests of Restricted Subsidiaries, provided that the aggregate amount of Investments made pursuant to this paragraph (d) by Loan Parties in Restricted Subsidiaries that are not
Loan Parties, together with 

  
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 intercompany loans made under the proviso to paragraph (e) of this Section and Guarantees given under
the proviso to paragraph (f) of this Section, shall not exceed $300,000,000 in the aggregate (in each case determined at the time made and without regard to any subsequent write-downs or write-offs and net of all returns of capital in respect
of such Investment and excluding any Investments received in respect of, or consisting of, the transfer or contribution of Equity Interests in any Foreign Subsidiary to any other Foreign Subsidiary), provided that the conversion or
capitalization of any loan or advance into Equity Interests shall not constitute a new Investment so long as such loan or advance was permitted pursuant to paragraph (e) below at the time of its incurrence or was outstanding on the Closing Date
and is set forth on Schedule 6.04; 
 (e) loans or advances made by the Borrower to any Restricted Subsidiary and made by any
Restricted Subsidiary to the Borrower or any other Restricted Subsidiary, provided that the amount of such loans and advances made pursuant to this paragraph (e) by Loan Parties to Restricted Subsidiaries that are not Loan Parties,
together with Investments made under clause (ii) of the proviso to paragraph (d) of this Section and Guarantees given under the proviso to paragraph (f) of this Section, shall not exceed $300,000,000 in the aggregate (in each case
determined at the time made and without regard to any subsequent write-downs or write-offs and net of all returns of principal in respect of such loans or advances and excluding any Investments consisting of intercompany notes received in connection
with the transfer or contribution of Equity Interests in any Foreign Subsidiary to any other Foreign Subsidiary); 
 (f)
Guarantees of Indebtedness of the Borrower or any Restricted Subsidiary that are permitted by Section 6.01, provided that the aggregate principal amount of Indebtedness of Restricted Subsidiaries that are not Loan Parties that is
Guaranteed by any Loan Party (together with Investments made under the proviso to paragraph (d) of this Section and intercompany loans made under the proviso to paragraph (e) of this Section) shall not exceed $300,000,000 in the aggregate
(in each case determined at the time the Guarantee is given (with any subsequent increases in the amount of Indebtedness that is Guaranteed being deemed an additional Guarantee) without regard to any subsequent write-downs or write-offs and net of
all returns of principal in respect of such Guarantee); 
 (g) loans or advances to employees of Holdings (or any direct or
indirect parent thereof), the Borrower or any Restricted Subsidiary made in the ordinary course of business of Holdings, the Borrower or any Restricted Subsidiary not exceeding $10,000,000 in the aggregate outstanding at any time (determined without
regard to any write-downs or write-offs of such loans or advances); 
 (h) payroll, travel, relocation and similar advances to
cover matters that are expected at the time of such advances ultimately to be treated as expenses of Holdings, the Borrower or any Restricted Subsidiary for accounting purposes and that are made in the ordinary course of business; 

(i) Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts or other
obligations and disputes with, customers, suppliers and Franchisees, in each case in the ordinary course of business; 
 (j)
Investments in the form of Swap Agreements permitted by Section 6.06; 
 (k) (i) Investments of any Person existing at the
time such Person becomes a Restricted Subsidiary or consolidates or merges with the Borrower or any Restricted Subsidiary (including in connection with a Permitted Acquisition) so long as such Investments were not made in contemplation of such
Person becoming a Restricted Subsidiary or of such consolidation or merger; and (ii) any modification, replacement, renewal, reinvestment or extension thereof; provided that the amount of any Investment permitted pursuant to this
Section 6.04(k) is not increased from the amount of such Investment on the date such Person becomes a Restricted Subsidiary except pursuant to the terms of such Investment as of such date or as otherwise permitted by this Section 6.04.

  
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 (l) Investments resulting from pledges or deposits described in clause (c) or
(d) of the definition of the term “Permitted Encumbrance”; 
 (m) Investments received in connection with the
disposition or license of any asset permitted by Section 6.05; 
 (n) receivables or other trade payables owing to the
Borrower or a Restricted Subsidiary if created or acquired in the ordinary course of business and payable or dischargeable in accordance with customary trade terms, provided that such trade terms may include such concessionary trade terms, as
the Borrower or any Restricted Subsidiary deems reasonable under the circumstances; 
 (o) Investments consisting of
(i) Guarantees of or the assumption of Indebtedness (to the extent permitted by Section 6.01) of, or (ii) loans made to, or the acquisition of loans made to or Equity Interests in, Franchisees, suppliers, distributors or licensees of
the Borrower and the Restricted Subsidiaries in an aggregate amount not exceeding $300,000,000 in the aggregate (in each case determined at the time made and without regard to any subsequent write-downs or write-offs and net of returns of capital or
principal in respect of such Investments); 
 (p) Investments the consideration for which consists solely of shares of Qualified
Equity Interests or which are made from the proceeds of a sale of Qualified Equity Interests (other than any Cure Amount) within 365 days after the date of such sale of Qualified Equity Interests; 

(q) Investments as valued at cost at the time each such Investment is made and including all related commitments for future Investments,
in an amount not exceeding the Available Amount, provided that (x) at the time of any such Investment, no Default shall have occurred and be continuing or would result therefrom, (y) at the time of such Investment and after giving
effect thereto and to any borrowing in connection therewith, the Borrower complies, on a Pro Forma Basis, with the covenants set out in Sections 6.11 and 6.12 recomputed as of the last day of the most-recently ended fiscal quarter of the Borrower
for which financial statements have been delivered pursuant to Section 5.01(a) or (b) and (z) in the case of any such Investment in an amount in excess of $15,000,000, the Borrower has delivered to the Administrative Agent a
certificate of a Financial Officer, together with all relevant financial information reasonably requested by the Administrative Agent, demonstrating the calculation of the Available Amount; 

(r) other Investments by the Borrower or any Restricted Subsidiary in an aggregate amount, as valued at cost at the time each such
Investment is made and including all related commitments for future Investments, not exceeding $25,000,000 in the aggregate for all such Investments made or committed to be made from and after the Closing Date plus an amount equal to any returns of
capital or sale proceeds actually received in cash in respect of any such Investments (which amount shall not exceed the amount of such Investment valued at cost at the time such Investment was made); 

(s) Investments consisting of (i) Indebtedness, (ii) Liens, (iii) fundamental changes, (iv) sales, transfers, leases
or other dispositions of assets and (v) Restricted Payments permitted under Section 6.01, Section 6.02, Section 6.03, Section 6.05 and Section 6.07, respectively; 

(t) contributions to a “rabbi” trust within the meaning of Revenue Procedure 92-64 or other grantor trust subject to the claims
of creditors in the case of a bankruptcy of the Borrower; and 

  
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 (u) loans or advances to officers, directors and employees of Holdings (or any direct or
indirect parent thereof), the Borrower or any Restricted Subsidiary in connection with such Person’s purchase of Equity Interests of Holdings (or any direct or indirect parent thereof); provided, that, the amount of such loans and advances
shall be contributed to Holdings in cash as common equity. 
 SECTION 6.05 Asset Sales. The Borrower will not, nor
will it permit any Restricted Subsidiary to, sell, transfer, lease or otherwise dispose of any asset, including any Equity Interest owned by it, nor will Holdings or the Borrower permit any Restricted Subsidiary to issue any additional Equity
Interest in such Restricted Subsidiary (other than issuing directors’ qualifying shares, issuing shares required by applicable law to be issued to nationals or citizens and issuing Equity Interests to the Borrower or another Subsidiary),
except: 
 (a) sales, transfers, leases and other dispositions of (i) inventory, (ii) used, obsolete or surplus
equipment and (iii) Permitted Investments, in each case in the ordinary course of business; 
 (b) sales, transfers, leases
and other dispositions to the Borrower or a Restricted Subsidiary, provided that any such sales, transfers, leases or other dispositions from the Borrower or a Restricted Subsidiary that is a Loan Party to a Restricted Subsidiary that is not
a Loan Party shall be made (i) in compliance with Section 6.08(a)(i) or (ii) to the extent not made in compliance with Section 6.08(a)(i), shall be treated as an Investment in such Restricted Subsidiary and shall be permitted
only to the extent permitted pursuant to Section 6.04; 
 (c) sales, transfers and other dispositions of accounts
receivable or other rights to payment in connection with the compromise, settlement or collection thereof in the ordinary course of business; 
 (d) sales, transfers, leases and other dispositions of property to the extent that such property constitutes an Investment permitted by Section 6.04 (other than clause (s) thereof) or another
asset received as consideration for the disposition of any asset permitted by this Section (in each case, other than Equity Interests in a Restricted Subsidiary, unless all Equity Interests in such Restricted Subsidiary are sold in accordance with
this Section 6.05); 
 (e) Permitted Sale and Leaseback Transactions; 

(f) leases or subleases entered into in the ordinary course of business, including any increase in the frequency or amount of ordinary
course leasing as compared to the Closing Date, to the extent that they do not materially interfere with the business of Holdings, the Borrower or any Restricted Subsidiary; 
 (g) (i) licenses or sublicenses of intellectual property (A) in the ordinary course of business or (B) to any Restricted Subsidiary, and licenses, sublicenses or contributions of non-U.S.
goodwill and non-U.S. going-concern value to any Restricted Subsidiary, and/or (ii) any abandonment, failure to maintain, non-renewal or other disposition of any intellectual property in the ordinary course of business; 

(h) dispositions resulting from 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 Subsidiary; 
 (i) Restricted Payments, to the extent
permitted pursuant to Section 6.07; 
 (j) sales, transfers and other dispositions of assets resulting in aggregate Net
Proceeds not exceeding $1,000,000 in the case of any single transaction or series of related transactions; 

  
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 (k) sales, transfers and other dispositions of assets (other than Equity Interests in a
Restricted Subsidiary unless all Equity Interests in such Restricted Subsidiary are sold) that are not permitted by any other clause of this Section, provided that the aggregate fair market value of all assets sold, transferred or otherwise disposed
of in reliance upon this clause (k) shall not exceed during any fiscal year of the Borrower 25.0% of Total Assets of Holdings as of the end of the fiscal year of the Borrower most-recently ended prior to such fiscal year; 

(l) sales, transfers, leases or other dispositions of restaurants and related assets (other than real property) to Franchisees or
Restricted Subsidiaries that within 180 days become Franchisees, including through the sale of Equity Interests of Persons owning such assets; 
 (m) the exchange by the Borrower or any of its Restricted Subsidiaries of any of its restaurant properties and related assets for any current or planned restaurant property and related assets of any third
Person (any such exchange, an “Asset Swap”); provided, that, (i) the fair market value of the property being received by the Borrower or any of its Restricted Subsidiaries in connection with any Asset Swap shall be
substantially equivalent to, or greater than, the fair market value of the property being exchanged by the Borrower or any of its Restricted Subsidiaries (except to the extent of any other exception available under this Section 6.05),
(ii) after giving effect to any such Asset Swap, the Borrower is in compliance on a Pro Forma Basis with the covenants contained in Sections 6.11 and 6.12, recomputed as of the last day of the most-recently ended fiscal quarter of the Borrower
prior to such Asset Swap for which financial statements have been delivered pursuant to Section 5.01(a) or (b), (iii) no Default shall have occurred and be continuing at the time of or after giving effect to any such Asset Swap and
(iv) the Borrower or the relevant Restricted Subsidiary shall take all steps reasonably requested by the Administrative Agent to provide the Administrative Agent on behalf of the Lenders with a fully perfected Lien on or security interest in
the property being received by the Borrower or any of its Restricted Subsidiaries in connection with any such Asset Swap to the same extent as the Lien or security interest, if any, which the Administrative Agent had in the property being exchanged
by the Borrower or any of its Restricted Subsidiaries and to the extent required by the Loan Documents; and 
 (n) sales,
transfers, leases or other dispositions of real property; 
 provided that: 

(A) all sales, transfers, leases and other dispositions permitted hereby (other than those permitted by clause (a)(i) or
(a)(ii), clause (b), clause (c), clause (d), clause (f) (unless the lessee is a Person that is not a Franchisee), clause (g), clause (h) or clause (i)) shall be made for fair value, and 

(B) all sales, transfers, leases and other dispositions permitted hereby (other than (1) those permitted by clause
(a)(i) or (a)(ii), clause (b), clause (c), clause (d), clause (f) (unless the lessee is a Person that is not a Franchisee), clause (g), clause (h), clause (i), clause (j), clause (l) or clause (m) and (2) at any time the Senior
Secured Leverage Ratio is not greater than 4.25 to 1.00 computed on a Pro Forma Basis as of the most recently ended Test Period for which financial statements have been delivered pursuant to Section 5.01(a) or (b), those permitted by clause
(k) or clause (n)) shall be made for consideration at least 75% of which consists of cash or Permitted Investments payable at the time of such sale, transfer or other disposition or, in the case of a disposition to a Franchisee, notes payable
in cash within 365 days from the date of such disposition (excluding, for the purposes of such calculation, any assumption of liabilities of the Borrower or any Restricted Subsidiary by the transferee thereof); provided that for purposes of
this clause (B) (x) any securities or other obligations received by the Borrower or the Restricted Subsidiary from such transferee that are converted by the Borrower or such Restricted Subsidiary 

  
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into cash or Permitted Investments (to the extent of the cash or Permitted Investments received) within 180 days following the closing of such sale, transfer, lease or other disposition, and
(y) any Designated Non-Cash Consideration received by the Borrower or the Restricted Subsidiary in such sale, transfer, lease or other disposition having an aggregate fair market value, taken together with all other Designated Non-Cash
Consideration received pursuant to this clause (y) that is at that time outstanding, not to exceed the lesser of 1% of Total Assets at the time of the receipt of such Designated Non-Cash Consideration and $35,000,000 (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, in each case of clauses (x) and (y), be deemed to be cash. 

SECTION 6.06 Swap Agreements. The Borrower will not, nor will it permit any Restricted Subsidiary to, enter into any Swap
Agreement for speculative purposes, except (a) Swap Agreements entered into to hedge or mitigate risks to which the Borrower or any Subsidiary has actual or anticipated exposure (other than those in respect of shares of capital stock or other
equity ownership interests of the Borrower or any Subsidiary), (b) Swap Agreements entered into in order to effectively cap, collar or exchange interest rates (from fixed to floating rates, from one floating rate to another floating rate or
otherwise) with respect to any interest-bearing liability or investment of the Borrower or any Subsidiary and (c) Swap Agreements entered into to hedge commodities, currencies, general economic conditions, raw materials prices, revenue streams
or business performance. 
 SECTION 6.07 Restricted Payments; Certain Payments of Indebtedness. (a) The
Borrower will not, nor will it permit any Restricted Subsidiary to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except: 

(i) the Restricted Subsidiaries may declare and pay dividends or make other distributions ratably with respect to their Equity Interests;

 (ii) the Borrower may declare and pay dividends with respect to its Equity Interests payable solely in shares of Qualified
Equity Interests; 
 (iii) the Borrower may make Restricted Payments, not exceeding, taken together with the aggregate principal
amount of all Indebtedness incurred under Section 6.01(xiv) during such fiscal year, $20,000,000 during any fiscal year, pursuant to and in accordance with stock option plans or other benefit plans approved by Holdings’, any direct or
indirect parent’s of Holdings or the Borrower’s board of directors for former or current management, directors, Franchisees or employees of Holdings, any direct or indirect parent of Holdings, the Borrower or any of the Restricted
Subsidiaries; 
 (iv) the Borrower may make Restricted Payments to Holdings at such times and in such amounts (A) not
exceeding $5,000,000 during any fiscal year, as shall be necessary to permit Holdings or any direct or indirect parent of Holdings to discharge its general corporate and overhead (including franchise taxes and directors fees and, following the
completion of an IPO, costs and expenses necessary for or incidental to Holdings’s or any direct or indirect parent of Holdings continued existence as a public company) expenses incurred in the ordinary course and other permitted liabilities,
(B) as shall be necessary to pay the Tax liabilities of Holdings or any direct or indirect parent of Holdings directly attributable to (or arising as a result of) the operations of the Borrower and the Subsidiaries and (C) to the extent of
amounts paid by Unrestricted Subsidiaries to the Borrower or any Restricted Subsidiary, as shall be necessary to pay the Tax liabilities of or allocable to Unrestricted Subsidiaries, provided, however, that (1) the amount of
Restricted Payments pursuant to clause (B) of this clause (iv) shall not exceed the amount that the Borrower and the Restricted Subsidiaries would be required to pay in respect of Federal, State and local taxes were the Borrower and the
Restricted Subsidiaries to pay such taxes as stand-alone 

  
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taxpayers and (2) all Restricted Payments made to Holdings pursuant to this clause (iv) are used by Holdings or any direct or indirect parent of Holdings for the purposes specified
herein within five Business Days after Holdings’s or such parent’s receipt thereof; 
 (v) the Borrower may make
Restricted Payments to the extent necessary to permit Holdings or any direct or indirect parent of Holdings to make payments of or on account of (A) management, consulting, investment banking and advisory fees and (B) reimbursement of
out-of-pocket costs and expenses incurred in connection with management, consulting, investment banking and advisory services, in each case to the Sponsors or Sponsor Affiliates to the extent permitted by Section 6.08, provided that no
Default shall have occurred and be continuing or would result therefrom; 
 (vi) the Borrower may declare and pay dividends and
distributions to Holdings up to an amount not to exceed the Available Amount, provided that (x) at the time of any such dividend, distribution, repurchase, redemption or retirement, no Default shall have occurred and be continuing or
would result therefrom, (y) at the time of such dividend, distribution, repurchase, redemption or retirement and after giving effect thereto and to any borrowing in connection therewith, the Borrower complies, on a Pro Forma Basis, with the
covenants set out in Sections 6.11 and 6.12 recomputed as of the last day of the most-recently ended fiscal quarter of the Borrower for which financial statements have been delivered pursuant to Section 5.01(a) or (b) and (z) in the
case of any such Restricted Payment in an amount in excess of $15,000,000, the Borrower has delivered to the Administrative Agent a certificate of a Financial Officer, together with all relevant financial information reasonably requested by the
Administrative Agent, demonstrating the calculation of the Available Amount; 
 (vii) the Borrower may make Restricted Payments
to Holdings in an amount not to exceed $125,000,000 in the aggregate to enable Holdings or any direct or indirect parent of Holdings to make Mandatory Principal Redemptions (as defined in the Holdco Notes Indenture) required by Section 5.8 of
the Holdco Notes Indenture, provided that (x) at the time of such Restricted Payment, no Default shall have occurred and be continuing or would result therefrom and (y) at the time of such Restricted Payment and after giving effect
thereto and to any borrowing in connection therewith, the Borrower complies, on a Pro Forma Basis, with the covenants set out in Sections 6.11 and 6.12 recomputed as of the last day of the most-recently ended fiscal quarter of the Borrower for which
financial statements have been delivered pursuant to Section 5.01(a) or (b); 
 (viii) the Borrower may make Restricted
Payments to Holdings in such amounts as shall be necessary to pay out-of-pocket legal, accounting and filing fees, costs and expenses incurred in connection with a proposed offering of Qualified Equity Interests of Holdings or any direct or indirect
parent of Holdings, provided that no Default shall have occurred and be continuing or would result therefrom; 
 (ix) the
Borrower may make Restricted Payments to Holdings in an amount necessary to enable Holdings or any direct or indirect parent of Holdings to make required payments in respect of Disqualified Equity Interests or Subordinated Debt issued by Holdings or
any direct or indirect parent of Holdings, provided that (i) such payments are permitted (x) in the case of Disqualified Equity Interests, by another clause of this Section 6.07 or (y) in the case of Subordinated Debt, by
paragraph (b) of this Section 6.07 and (ii) Holdings or such parent promptly applies such proceeds in the manner required by such Disqualified Equity Interests or Subordinated Debt; 

(x) the Borrower or any Restricted Subsidiary may acquire, redeem or retire any Equity Interests of any other Subsidiary provided
that such acquisition, redemption or retirement is permitted pursuant to Sections 6.03 and 6.04; 

  
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 (xi) substantially concurrently with an IPO, and in any event, no later than 30 Business
Days following the issue or transfer of Equity Interests pursuant to such IPO, the Borrower may make Restricted Payments to Holdings to the extent necessary to permit Holdings or any direct or indirect parent of Holdings to make the payment of the
fees permitted to be paid pursuant to Section 6.08(ix), provided that (A) no Default shall have occurred and be continuing or would result therefrom and (B) at the time of such payment and after giving effect thereto, the
Borrower complies, on a Pro Forma Basis, with the covenants set out in Sections 6.11 and 6.12 recomputed as of the last day of the most-recently ended fiscal quarter of the Borrower for which financial statements have been delivered pursuant to
Section 5.01(a) or (b); and 
 (xii) the Borrower may make Restricted Payments to Holdings with the Net Proceeds of any
substantially concurrent issuance of Incremental Term Loans to enable Holdings to purchase, redeem, retire, acquire, cancel or terminate the Holdco Notes so long as such Net Proceeds are used for such purpose within 65 days after such Restricted
Payments are made, provided that (x) at the time of such Restricted Payment, no Default shall have occurred and be continuing or would result therefrom and (y) after giving effect to the issuance of the related Incremental Term
Loans and the making of such Restricted Payment, at the time of such Restricted Payment the Borrower complies, on a Pro Forma Basis, with the covenants set out in Sections 6.11 and 6.12 recomputed as of the last day of the most-recently ended fiscal
quarter of the Borrower for which financial statements have been delivered pursuant to Section 5.01(a) or (b). 
 (b) The
Borrower will not, nor will it permit any Restricted Subsidiary to, make or agree to pay or make, directly or indirectly (other than agreeing to customary provisions in respect of repayment and repurchase upon asset sales in the Senior Note
Documents or any Subordinated Debt Documents), any payment or other distribution (whether in cash, securities or other property) of or in respect of principal of or interest on the Senior Notes or any Subordinated Debt, or any payment or other
distribution (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancelation or termination of the Senior Notes or any Subordinated Debt, or
any other payment (including any payment under any Swap Agreement) that has a substantially similar effect to any of the foregoing, except: 
 (i) payment of regularly scheduled interest, any accrued and unpaid interest and original issue discount, if any, on the Senior Notes and any Subordinated Debt to the extent needed under the Code and
applicable United States Treasury Regulations so as to cause the Senior Notes and any Subordinated Debt to not be treated as having been issued with “significant original issue discount” within the meaning of Section 163(i)(2) of the
Code, and principal payments as, in the form of payment and when due in respect of the Senior Notes and any Subordinated Debt, payments due upon a change of control under the Senior Notes or any Subordinated Debt or upon acceleration of the maturity
of the Senior Notes or any Subordinated Debt, in each case other than payments in respect of Subordinated Debt prohibited by the subordination provisions thereof; 
 (ii) refinancings of Indebtedness to the extent permitted by Section 6.01; 

(iii) payment or other distribution in respect of principal or interest on, or payment or other distribution on account of the purchase,
redemption, retirement, acquisition, cancelation or termination of, the Senior Notes or any Subordinated Debt, in each case in exchange for, or out of the Net Proceeds of, the substantially concurrent sale of Qualified Equity Interests of Holdings
or any direct or indirect parent of Holdings; 
 (iv) payment or other distribution in respect of principal or interest on, or
payment or other distribution on account of the purchase, redemption, retirement, acquisition, cancelation or termination of the Senior Notes with the Net Proceeds of the substantially concurrent issuance of Incremental Term Loans; and 

  
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 (v) payments or other distributions in an amount not to exceed the Available Amount,
provided that (x) at the time of any such payment or other distribution, no Default shall have occurred and be continuing or would result therefrom, (y) at the time of such payment or other distribution and after giving effect
thereto and to any borrowing in connection therewith, the Borrower complies, on a Pro Forma Basis as of the most recently ended Test Period for which financial statements have been delivered pursuant to Section 5.01(a) or (b), with the
covenants set out in Sections 6.11 and 6.12 and (z) in the case of any such payment or other distribution in an amount in excess of $15,000,000, the Borrower has delivered to the Administrative Agent a certificate of a Financial Officer,
together with all relevant financial information reasonably requested by the Administrative Agent, demonstrating the calculation of the Available Amount. 
 SECTION 6.08 Transactions with Affiliates. (a) The Borrower will not, nor will it 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 at prices and on terms and conditions not less favorable to the Borrower or such Restricted Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties,

 (ii) transactions between or among (A) the Borrower and/or the Subsidiary Loan Parties and (B) Restricted
Subsidiaries that are not Subsidiary Loan Parties, in each case, not involving any other Affiliate, 
 (iii) loans or advances
to employees permitted under Section 6.04(g), 
 (iv) payroll, travel, relocation and similar advances to cover matters
permitted under Section 6.04(h), 
 (v) any contribution to the capital of Holdings by the Permitted Investors or any
purchase of Equity Interests in Holdings by any Permitted Investor not prohibited by this Agreement, 
 (vi) the payment of
reasonable fees to directors of Holdings or any direct or indirect parent of Holdings, the Borrower or any Restricted Subsidiary who are not employees of Holdings or any direct or indirect parent of Holdings, the Borrower or any Restricted
Subsidiary, and compensation and employee benefit arrangements paid to, and indemnities provided for the benefit of, directors, officers or employees of Holdings or any direct or indirect parent of Holdings, the Borrower or the Restricted
Subsidiaries in the ordinary course of business, 
 (vii) any issuances of securities or any payments, awards or grants in cash,
securities or otherwise pursuant to, or the funding of, employment agreements, stock options and stock ownership plans approved by Holdings’s or the Borrower’s board of directors or any committee thereof, 

(viii) employment and severance arrangements entered into in the ordinary course of business between Holdings or any direct or indirect
parent of Holdings, the Borrower or any Restricted Subsidiary and any employee thereof in accordance with such employee’s employee agreement or the Borrower’s severance policy approved by the board of directors of Holdings (or any direct
or indirect parent of Holdings) or the Borrower, or any committee thereof, 

  
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 (ix) any payments permitted under Section 6.08(b) and any payments to the Sponsors or
any Sponsor Affiliate for reimbursement of out-of-pocket costs and expenses, 
 (x) any Restricted Payment permitted by
Section 6.07, 
 (xi) the grant of stock options or similar rights in respect of Equity Interests of Holdings or any direct
or indirect parent of Holdings to officers, employees, Franchisees, consultants and directors of the Borrower or any Subsidiary pursuant to plans approved by the board of directors of Holdings or any direct or indirect parent of Holdings, or any
committee thereof and the payment of amounts of the issuance of Equity Interests pursuant thereto in each case to the extent not prohibited by this Agreement, 
 (xii) transactions constituting Investments permitted pursuant to Section 6.04(d), (e), (f) or (p), or constituting Investments in a Subsidiary permitted pursuant to Section 6.04(q) or (r),

 (xiii) transactions permitted pursuant to Section 6.05(b)(ii) or (g) (other than transactions permitted pursuant to
clause (g)(i)) and Investments permitted pursuant to Section 6.04 received in connection with transactions permitted pursuant to Section 6.05(g) (other than transactions permitted pursuant to clause (g)(i)), 

(xiv) entry into a Tax sharing agreement with Holdings or any direct or indirect parent of Holdings providing for (in each case subject
to compliance with Section 6.07) the payments of Taxes (including interest and penalties) and expenses, control of tax filings and contests, and other normal, usual and customary provisions, and 

(xv) the provision of legal, accounting, purchasing, treasury or administrative services to Holdings or any direct or indirect parent of
Holdings, the Borrower or any Restricted Subsidiary in the ordinary course of business. 
 (b) Neither Holdings nor the Borrower
will, nor will they permit any Restricted Subsidiary to, make any payment of or on account of monitoring or management or similar fees payable to the Sponsor or any Sponsor Affiliate (i) in an aggregate amount in any fiscal year in excess of
the lesser of (x) 0.5% of consolidated total revenues of the Borrower for the immediately preceding fiscal year or (y) $10,000,000 or (ii) after the consummation of an IPO. 

SECTION 6.09 Restrictive Agreements. The Borrower will not, nor will it permit any Restricted Subsidiary to, directly or
indirectly, enter into, incur or permit to exist any agreement or other consensual arrangement that prohibits, restricts or imposes any condition upon (a) the ability of Holdings, the Borrower or any Restricted Subsidiary to create, incur or
permit to exist any Lien upon any Equity Interests of any Restricted Subsidiary owned by such Person securing the Obligations or (b) the ability of any Restricted Subsidiary 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 other Restricted Subsidiary or to Guarantee Indebtedness of the Borrower or any other Restricted Subsidiary, provided that: 

(i) the foregoing shall not apply to restrictions and conditions imposed by (A) law, (B) any Loan Document or (C) the
Senior Notes; 
 (ii) the foregoing shall not apply to restrictions and conditions existing on the Closing Date or to any
extension, renewal, amendment, modification or replacement thereof, except to the extent any such amendment, modification or replacement expands the scope of any such restriction or condition; 

  
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 (iii) the foregoing shall not apply to customary restrictions and conditions contained in
agreements relating to the sale of a Subsidiary or any assets pending such sale, provided that such restrictions and conditions apply only to the Subsidiary or assets that is or are to be sold and such sale is permitted hereunder; 

(iv) clause (a) of the foregoing shall not apply to customary provisions in leases, licenses and other contracts restricting the
assignment thereof; 
 (v) the foregoing shall not apply to restrictions imposed by any agreement relating to secured
Indebtedness permitted by this Agreement to the extent such restriction applies only to the property securing such Indebtedness; 
 (vi) the foregoing shall not apply to any restrictions or conditions set forth in any agreement in effect at any time any Person becomes a Restricted Subsidiary (but not any modification or amendment
expanding the scope of any such restriction or condition), provided that such agreement was not entered into in contemplation of such Person becoming a Restricted Subsidiary and the restriction or condition set forth in such agreement does
not apply to the Borrower or any other Restricted Subsidiary; 
 (vii) restrictions or conditions in any Indebtedness permitted
pursuant to Section 6.01 to the extent such restrictions or conditions are no more restrictive than the restrictions and conditions in the Loan Documents or, in the case of Subordinated Debt, are market terms at the time of issuance or, in the
case of Indebtedness of any Foreign Subsidiary, are imposed solely on such Foreign Subsidiary and its Subsidiaries, provided that any such restrictions or conditions permit compliance with the Collateral and Guarantee Requirement and
Section 5.11; and 
 (viii) restrictions on cash or other deposits imposed by agreements entered into in the ordinary
course of business. 
 SECTION 6.10 Amendment of Material Documents. The Borrower will not, nor will it permit any
Restricted Subsidiary to, amend, modify or waive any provision of the Senior Note Documents or any Subordinated Debt Documents if the effect of such amendment, modification or waiver is to (i) increase the rate of interest payable with respect
to the Senior Notes or such Subordinated Debt, as applicable, (ii) change the dates upon which payments of principal or interest are due on the Senior Notes or such Subordinated Debt, as applicable, other than to extend such dates,
(iii) change any default or event of default other than to delete or make less restrictive any default or event of default provision therein with respect to the Senior Notes or such Subordinated Debt, as applicable, (iv) change the
redemption or prepayment provisions of the Senior Notes or such Subordinated Debt, as applicable, other than to extend the dates therefor or to reduce the premiums payable in connection therewith, (v) grant any security or collateral to secure
payment of the Senior Notes or such Subordinated Debt, as applicable, or (vi) change or amend any other term, if such change or amendment would (x) materially increase the obligations of Holdings, the Borrower or any Subsidiary party
thereto thereunder, (y) confer additional material rights on the holder of the Senior Notes or such Subordinated Debt, as applicable, or (z) result in such Subordinated Debt being subject to a term or condition that would not be permitted
(under the definition of the term “Subordinated Debt”) if such Subordinated Debt were being issued on the date of such amendment, modification or waiver. 
 SECTION 6.11 Interest Coverage Ratio. The Borrower will not permit the Interest Coverage Ratio for any Test Period ending during any period set forth below to be less than the ratio set forth
opposite such period below: 
  

					
	 Period
	  	Ratio	 
	 December 31, 2012 through June 30, 2013
	  	 	1.70 to 1.00	  
	 September 30, 2013 through June 30, 2014
	  	 	1.80 to 1.00	  
	 September 30, 2014 through June 30, 2015
	  	 	1.90 to 1.00	  
	 Thereafter
	  	 	2.00 to 1.00	  

  
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 SECTION 6.12 Total Leverage Ratio. The Borrower will not permit the Total
Leverage Ratio for any Test Period ending during any period set forth below to be greater than the ratio set forth opposite such period below: 
  

					
	 Period
	  	Ratio	 
	 December 31, 2012
	  	 	6.25 to 1.00	  
	 March 31, 2013 through June 30, 2013
	  	 	6.00 to 1.00	  
	 September 30, 2013 through March 31, 2014
	  	 	5.75 to 1.00	  
	 June 30, 2014 through June 30, 2015
	  	 	5.25 to 1.00	  
	 Thereafter
	  	 	5.00 to 1.00	  

 SECTION 6.13 Holdings Covenants. (a) Holdings will not own or acquire any assets (other
than Equity Interests of the Borrower, cash and Permitted Investments) or engage in any business or activity other than (i) the ownership of all the outstanding Equity Interests of the Borrower and activities incidental thereto, (ii) the
maintenance of its corporate existence and activities incidental thereto, including general and corporate overhead, provided that Holdings may change its form of organization, so long as (A) it is organized under the laws of the United
States of America, any State thereof or the District of Columbia and (B) its Guarantee of the Obligations and the Lien on or security interest in any Collateral held by it under the Loan Documents shall remain in effect to the same extent as
immediately prior to such change, (iii) activities required to comply with applicable law, (iv) maintenance and administration of stock option and stock ownership plans and activities incidental thereto, (v) the receipt of Restricted
Payments to the extent permitted by Section 6.07 and the making of Restricted Payments, (vi) to the extent not otherwise covered by the other clauses of this Section 6.13, any of the activities of Holdings referred to in
Section 6.07, (vii) concurrently with any issuance of Qualified Equity Interests, the redemption, purchase or retirement of any Equity Interests of Holdings using the proceeds of, or conversion or exchange of any Equity Interests of
Holdings for, such Qualified Equity Interests, (viii) the obtainment of, and the payment of any fees and expenses for, management, consulting, investment banking and advisory services to the extent otherwise permitted by this Agreement,
(ix) compliance with its obligations under the Loan Documents, the Senior Note Documents (or any Permitted Refinancing thereof) and any Subordinated Debt Documents, (x) in connection with, and following the completion of, an IPO,
activities necessary or reasonably advisable for or incidental to the initial registration and listing of Holdings common stock and the continued existence of Holdings as a public company and (xi) activities incidental to legal, tax and
accounting matters in connection with any of the foregoing activities. 
 (b) Holdings will not create, incur, assume or permit
to exist any Indebtedness or other liabilities except (i) Indebtedness created under the Loan Documents and the Senior Note Documents (or any Permitted Refinancing thereof), (ii) Subordinated Debt or unsecured Guarantees of any
Subordinated Debt, provided that such Guarantees shall be subordinated to the Obligations to the same extent and on the same terms as the Indebtedness so Guaranteed is subordinated to the Obligations, (iii) other unsecured Indebtedness
in an aggregate principal amount not exceeding $5,000,000 at any time outstanding and (iv) liabilities imposed by law, including tax liabilities, and other liabilities incidental to its existence and permitted business and activities.

 (c) Holdings will not create, incur, assume or permit to exist any Lien (other than Permitted Encumbrances) on any of the
Equity Interests issued by the Borrower to Holdings. 

  
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 ARTICLE VII 
 EVENTS OF DEFAULT 
 If any of the following events (any such event, an
“Event of Default”) shall occur: 
 (a) the Borrower 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) the Borrower shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred to in paragraph
(a) of this Article) 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) any representation or warranty made or deemed made by or on behalf of Holdings, the Borrower, any Restricted Subsidiary or any
Additional Guarantor 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, if qualified by materiality, prove to have been incorrect or, if not so qualified, prove to have been incorrect in any material respect, in each case when made or deemed
made; 
 (d) Holdings or the Borrower shall fail to observe or perform any covenant, condition or agreement contained in
Section 5.02 or 5.04 (with respect to the existence of Holdings or the Borrower) or in Article VI; 
 (e) any Loan Party or
Additional Guarantor 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 Article), and such failure shall continue unremedied
for a period of 30 days after notice thereof from any Lender or the Administrative Agent to the Borrower; 
 (f) Holdings, the
Borrower or any Restricted Subsidiary 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; 

(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 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 any property or assets securing such Indebtedness (to the extent such sale, transfer or other disposition is not prohibited under this Agreement); 

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

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

(j) Holdings, the Borrower or any Significant Subsidiary shall become unable, admit in writing its inability or fail generally to pay its
debts as they become due; 
 (k) one or more judgments for the payment of money in an aggregate amount in excess of $20,000,000
shall be rendered against Holdings, the Borrower, any Restricted Subsidiary or any combination thereof and the same shall remain undischarged for a period of 45 consecutive days during which execution shall not be effectively stayed, or any action
shall be legally taken by a judgment creditor to attach or levy upon any assets of Holdings, the Borrower or any Restricted Subsidiary to enforce any such judgment; 
 (l) an ERISA Event shall have occurred that when taken together with all other ERISA Events that have occurred could reasonably be expected to result in a Material Adverse Effect; 

(m) 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 Collateral, with the priority required by the applicable Security Document, except (i) in respect of Collateral having an aggregate value not in excess of $5,000,000, (ii) as a result of the sale or other
disposition of the applicable Collateral in a transaction permitted under the Loan Documents or (iii) as a result of the Administrative Agent’s failure to maintain possession of any stock certificates or other instruments delivered to it
under the Collateral Agreement; 
 (n) any Loan Document or any Guarantee of the Loan Document Obligations shall for any reason
be asserted by any Loan Party or Additional Guarantor not to be a legal, valid and binding obligation of any Loan Party or Additional Guarantor that is a party thereto; 
 (o) the Guarantees of the Loan Document Obligations (i) by Holdings, the Borrower and the Subsidiary Loan Parties pursuant to the Collateral Agreement shall cease to be in full force and effect (in
each case, other than in accordance with the terms of the Loan Documents) and (ii) by any Additional Guarantor pursuant to an Additional Guarantee shall cease to be in full force and effect (in each case, other than in accordance with the terms
of the Loan Documents); 
 (p) (i) any Subordinated Debt or any Guarantee thereof shall cease, for any reason, to be, or shall
be asserted by any Loan Party or the holders of at least 25% in aggregate principal amount of any series of Subordinated Debt not to be, validly subordinated to the Loan Document Obligations or the obligations of Holdings and the Subsidiary Loan
Parties in respect of their Guarantees under the Collateral Agreement, as the case may be, as provided in the Subordinated Debt Documents or (ii) the Loan Document Obligations shall cease to constitute, or shall be asserted by any Loan Party or
the holders of at least 25% in aggregate principal amount of any series of Subordinated Debt not to constitute, “Senior Indebtedness” or “Designated Senior Indebtedness” (or the equivalent thereof) under the subordination
provisions of any Subordinated Debt Document; or 

  
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 (q) a Change in Control shall occur; 

then, and in every such event (other than an event with respect to the Borrower described in paragraph (h) or (i) of this Article), and at any
time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders 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 Article, 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. 
 Notwithstanding anything in this Article VII to the contrary; 
 (A) in the event
that the Borrower fails to comply with the requirements of any covenant set forth in Sections 6.11 and 6.12, until the tenth Business Day after the date on which the financial statements with respect to the Test Period for which the applicable
covenant set forth in such Sections 6.11 and 6.12 is being measured are required to be delivered pursuant to Section 5.01(a) or (b), Holdings shall have the right to make a cash equity investment in the Borrower in the form of Qualified Equity
Interests (the “Cure Right”), and upon the receipt by the Borrower of net cash proceeds from such equity investment (the amount of such net cash proceeds, the “Cure Amount”), the applicable covenant set forth in
Sections 6.11 and 6.12 shall be recalculated, giving effect to a pro forma increase to Consolidated EBITDA for the relevant Test Period in an amount equal to such Cure Amount; provided that such pro forma adjustment to Consolidated EBITDA
shall be given solely for the purpose of determining the existence of an Event of Default under the applicable covenant set forth in Sections 6.11 and 6.12 with respect to any Test Period that includes the fiscal quarter for which such Cure Right
was exercised and not for any other purpose under any Loan Document; 
 (B) if, after the exercise of the Cure Right and the
recalculations pursuant to clause (1)(A) above, the Borrower shall then be in compliance with the requirements of the covenants set forth in Sections 6.11 and 6.12 for any period of four consecutive fiscal quarters, the Borrower shall be deemed
to have satisfied the requirements of such covenant as of the relevant date of determination with the same effect as though there had been no failure to comply therewith at such date, and the applicable Default or Event of Default under Article VII
that had occurred shall be deemed cured; provided that (i) the Cure Right may be exercised no more than twice during any period of four consecutive fiscal quarters, (ii) the Cure Right may be exercised on no more than four
occasions, (iii) with respect to any exercise of the Cure Right, the Cure Amount shall be no greater than the amount required to cause the Loan Parties to be in compliance with the financial covenants under Sections 6.11 and 6.12 and
(iv) the net cash proceeds from the Cure Right may not reduce the amount of Consolidated Total Debt for purposes of calculating compliance with the covenant in Section 6.12; and 

  
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 (C) upon the Administrative Agent’s receipt of a notice from the Borrower that it
intends to exercise the Cure Right (a “Notice of Intent to Cure”), until the tenth Business Day following date of required delivery of the related Compliance Certificate to which such Notice of Intent to Cure relates, neither the
Administrative Agent nor any Lender shall exercise the right to accelerate the Loans or terminate or suspend the Commitments and neither the Administrative Agent nor any other Lender shall exercise any right to foreclose on or take possession of the
Collateral solely on the basis of an allegation of an Event of Default having occurred and being continuing under Article VII due to failure by the Borrower to comply with the requirements of Sections 6.11 and 6.12 for the applicable Test Period.

 ARTICLE VIII 
 THE ADMINISTRATIVE AGENT 
 Each of the Lenders and each Issuing Bank hereby
irrevocably appoints the Administrative Agent as its agent 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 of the Loan Documents,
together with such actions and powers as are reasonably incidental thereto. In addition, to the extent required under the laws of any jurisdiction other than the United States, each of the Lenders and the Issuing Banks hereby grants to the
Administrative Agent any required powers of attorney to execute and enforce any Security Document governed by the laws of such jurisdiction on such Lender’s or Issuing Bank’s behalf. 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. 
 The bank 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 such bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with Holdings, the Borrower or any Subsidiary or other Affiliate thereof as if it were not the Administrative
Agent hereunder. 
 The Administrative Agent shall not have any duties or obligations except those expressly set forth in the
Loan Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) the
Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the Loan Documents that the Administrative Agent is required to
exercise in writing as directed by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary or believed by the Administrative Agent in good faith to be necessary under the circumstances as provided in
Section 2.05(j) or Section 9.02) and for which it is indemnified to its satisfaction by the Lenders with regard to any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action, and
(c) except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to Holdings, the Borrower or any Subsidiary
that is communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the
Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 2.05(j) or Section 9.02) or in the absence of its own gross negligence or willful misconduct. The
Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the other Loan Documents in accordance with a request of the Required Lenders (or, if so specified by this Agreement, all
Lenders), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the Loans. The Administrative 

  
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Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof is given to the Administrative Agent by Holdings, the Borrower or a Lender, and the
Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or
other document delivered thereunder or in connection therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any Loan Document or the occurrence of any Default, (iv) the
validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in Article IV or elsewhere in any Loan Document, other than to confirm
receipt of items expressly required to be delivered to the 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 or 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 be made by
the proper Person, and shall not incur any liability for relying thereon. 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. 
 The
Administrative Agent may perform any and all its duties and exercise its rights and powers 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 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 subagent 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. 
 Subject to the appointment and acceptance of a successor Administrative Agent as provided in this paragraph, the Administrative Agent may resign at any time upon notice to the Lenders, the Issuing Banks
and the Borrower. Upon any such resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor Administrative Agent reasonably acceptable to the Borrower, which acceptance shall not be unreasonably
withheld or delayed (provided that the Borrower’s approval shall not be required if an Event of Default under Section 7.01(h), (i) or (j) then exists. If no successor shall have been so appointed by the Required Lenders
and shall have accepted such appointment within 15 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 reasonable acceptable to the Borrower, which acceptance shall not be unreasonably withheld or delayed (provided that the Borrower’s approval shall not be required if an Event of Default then exists) that shall be a
bank with an office in New York, New York, or an Affiliate of any such bank. Upon the acceptance of its appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers,
privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from all its duties and obligations under the Loan Documents. If no successor agent has accepted appointment as Administrative
Agent by the date that is 30 days following a retiring Administrative Agent’s notice of resignation, the retiring Administrative Agent’s resignation shall nevertheless thereupon become effective, and the Lenders shall assume and perform
all of the duties of the Administrative Agent hereunder until such time, if any, as the Required Lenders appoint a successor agent as provided for above. 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 

  
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Administrative Agent’s resignation hereunder, the provisions of this Article and Section 9.03 shall continue in effect for the benefit of such retiring Administrative Agent, its
sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Administrative Agent was acting as Administrative Agent. 

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 any Loan Document or any related agreement or any document furnished thereunder. 
 Notwithstanding anything herein to the contrary, none of the Syndication Agents, Documentation Agents, Lead Arrangers or Joint Bookrunners listed on the cover page hereof shall have any powers, duties or
responsibilities under any Loan Document, except in its capacity, as applicable, as the Administrative Agent, a Lender or an Issuing Bank hereunder. 
 ARTICLE IX 
 MISCELLANEOUS 

SECTION 9.01 Notices. 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 telecopy, as follows: 

(a) if to Holdings or the Borrower, to it at 5505 Blue Lagoon Drive, Miami, Florida 33126 (Telecopy No. (305) 378-7230) Attention:
Lisa Giles-Klein; 
 (b) if to the Administrative Agent, to JPMorgan Chase Bank, N.A., 1111 Fannin, 10th
Floor, Houston, Texas 77002, Attention of Heshan S. Wanigasekera (Telecopy No.: (713) 374-4312), with a copy to JPMorgan Chase Bank, N.A., 383 Madison Avenue, 24th Floor, New York, New York 10179, Attention of Kinjal H. Icecreamwala (Telecopy No. (212) 270-5127); 

(c) if to an Issuing Bank or Swingline Lender other than the Administrative Agent, to it at the address or telecopy number set forth
separately in writing; and 
 (d) if to any other Lender, to it at its address (or telecopy number) set forth in its
Administrative Questionnaire. 
 Any party hereto may change its address or telecopy number for notices and other communications
hereunder by notice to the other parties hereto. Notices and other communications to the Lenders and an Issuing Bank hereunder may also be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites)
pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply to notices to any Lender or an 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. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by
electronic communications pursuant to procedures approved 

  
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by it, provided that approval of such procedures may be limited to particular notices or communications. All notices and other communications given to any party hereto in accordance with
the provisions of this Agreement shall be deemed to have been given on the date of receipt. 
 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 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 any Loan Document or consent to any departure by
any Loan Party or Additional Guarantor 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, renewal 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 or Holdings in any case shall entitle the Borrower or Holdings 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 2.22 with respect to any Extension, neither any Loan Document nor any provision 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 Holdings, the Borrower 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 Additional Guarantor, as
applicable) or Loan Parties (or Additional Guarantors, as applicable) that are parties thereto, in each case with the consent of the Required Lenders, provided that no such agreement shall (i) increase the Commitment of any Lender
without the written consent of such Lender, (ii) reduce or forgive the principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written consent of each Lender
affected thereby, provided that any amendment to the financial covenant definitions in this Agreement shall not constitute a reduction in the rate of interest for purposes of this clause (ii), (iii) postpone or otherwise extend the
maturity of any Loan, or the date of any scheduled payment of the principal amount of any Term Loan under Section 2.10 or the applicable Incremental Facility Amendment, or the required date of reimbursement of any LC Disbursement, or any date
for the payment of any interest or fees payable hereunder, or reduce or forgive the amount of, waive or excuse any such payment, or postpone or otherwise extend the scheduled date of expiration of any Commitment, without the written consent of each
Lender affected thereby, (iv) change any of the provisions of this Section or the percentage set forth in the definition of “Required 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) (it being
understood that, other than pursuant to any Incremental Facility Amendment (the consent requirements for which are set forth in Section 2.20), with the consent of the Required Lenders, additional extensions of credit pursuant to this Agreement
may be included in the determination of the Required Lenders on substantially the same basis as the Term Loans and Revolving Commitments on the Closing Date), (v) release all or substantially all of the Subsidiary Loan Parties from their
Guarantee under the Collateral Agreement (except as expressly provided in the Collateral Agreement), without the written consent of each Lender, or (vi) release all or substantially all the Collateral from the Liens of the Security Documents,
without the written consent of each Lender, provided further that (A) no such agreement shall 

  
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amend, modify or otherwise affect the rights or duties of the Administrative Agent, an Issuing Bank or the Swingline Lender or change Section 2.21 without the prior written consent of the
Administrative Agent, such Issuing Bank or the Swingline Lender, as the case may be, and (B) any waiver, amendment or modification of this Agreement that by its terms affects the rights or duties under this Agreement 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 Holdings, the Borrower and the requisite percentage in interest of the
affected Class of Lenders that would be required to consent thereto under this Section if such Class of Lenders were the only Class of Lenders hereunder at the time. 
 (c) In connection with any proposed amendment, modification, waiver or termination (a “Proposed Change”) requiring the consent of all Lenders or all affected Lenders, if the consent of
the Required Lenders 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 being referred to as a “Non-Consenting Lender”), then, 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 assignee that shall assume such obligations (which 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 (and, if a Revolving Commitment is being assigned, each Issuing Bank and
the Swingline Lender), which consent shall not unreasonably be withheld, (b) such Non-Consenting Lender shall have received payment of an amount equal to the outstanding principal of its Loans and participations in LC Disbursements and
Swingline Loans, accrued interest thereon, accrued 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)
and (c) the Borrower or such assignee shall have paid to the Administrative Agent the processing and recordation fee specified in Section 9.04(b). 
 SECTION 9.03 Expenses; Indemnity; Damage Waiver. (a) The Borrower shall pay (i) except as otherwise agreed by the Borrower and the Joint Bookrunners, all reasonable out-of-pocket
expenses incurred by the Administrative Agent and its Affiliates, including the reasonable fees, charges and disbursements of one counsel for the Administrative Agent and the Joint Bookrunners taken as a whole and, if necessary, of one local and one
regulatory counsel in any applicable jurisdiction (and solely in case of any conflict of interest, one additional counsel to the affected Lenders, taken as a whole), in connection with the syndication of the credit facilities provided for herein,
the preparation and administration of the Loan Documents or any amendments, modifications or waivers of the provisions thereof, (ii) all reasonable out-of-pocket expenses incurred by any Issuing Bank in connection with the issuance, amendment,
renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses incurred by the Administrative Agent, any Issuing Bank or the Lenders, including the fees, charges and disbursements of one
counsel for the Administrative Agent, the Issuing Bank and the Lenders, taken as a whole and, if necessary, of one local and one regulatory counsel in any applicable jurisdiction (and solely in case of any conflict of interest, one additional
counsel to the affected Lenders, taken as a whole), in connection with the enforcement of the Loan Documents, including its rights under this Section and during any workout, restructuring or negotiations in respect of such Loans or Letters of
Credit. 
 (b) The Borrower shall indemnify the Administrative Agent, each Issuing Bank and each Lender, and each Related Party
of any of the foregoing Persons (each such Person being called an “Indemnitee”), against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including those relating to
Environmental Laws and including the 

  
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reasonable fees, charges and disbursements of one counsel to the affected Indemnitees taken as a whole (and solely in the case of any conflict of interest, one additional counsel to the affected
Indemnitees, taken as a whole), incurred by or asserted against any Indemnitee by any third party or by Holdings, the Borrower, any Subsidiary or any Additional Guarantor arising out of, in connection with, or as a result of (i) the execution
or delivery of any Loan Document or any other agreement or instrument contemplated 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 an 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) or (iii) 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 Holdings, the Borrower, any Subsidiary or any Additional Guarantor and regardless of whether any Indemnitee is a party thereto, provided that such indemnity shall not, as to any Indemnitee, be
available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (i) the gross negligence, bad faith or
willful misconduct of such Indemnitee or its Related Parties or (ii) a material breach by such Indemnitee of its obligations under any Loan Document. 
 (c) To the extent that the Borrower fails to pay any amount required to be paid by it to the Administrative Agent or the applicable Issuing Bank under paragraph (a) or (b) of this Section, and
without limiting the Borrower’s obligation to do so, each Lender severally agrees to pay to the Administrative Agent 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) 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 such Issuing Bank in its capacity as such. 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 the time, provided that, for purposes of indemnifying the Issuing Bank hereunder, such “pro rata share” shall be based upon the aggregate Revolving Exposures and unused Revolving Commitments. 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) None of Holdings, the Borrower, the Subsidiaries, the Additional Guarantors or any Indemnitees shall be liable 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, any Loan Document or any agreement or instrument contemplated thereby, the Transactions, any Loan or Letter of Credit
or the use of the proceeds thereof, provided that nothing contained in this paragraph (d) shall limit the obligations of the Borrower under Section 9.03(b). 
 (e) All amounts due under this Section shall be payable not later than ten days after written demand therefor. 
 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 an 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) and (ii) 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 

  
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assigns permitted hereby (including any Affiliate of an Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of this Section) and, to the
extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Banks and the Lenders) 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 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 of a Term Loan to a Lender, an Affiliate of a Lender or an Approved Fund (as defined below) or, if an Event of Default under clauses (a) or
(b) of Article VII or under clauses (h), (i) or (j) (in each case with respect to the Borrower) of Article VII has occurred and is continuing, any other assignee, provided, further, that the Borrower shall be deemed to
have consented to any such assignment unless the Borrower shall object thereto by written notice to the Administrative Agent within 10 Business Days after having received notice thereof, (B) the Administrative Agent, provided that no
consent of the Administrative Agent shall be required for an assignment of all or any portion of a Term Loan to a Lender, an Affiliate of a Lender or an Approved Fund and (C) each Issuing Bank, provided that no consent of an Issuing Bank
shall be required for an assignment of all or any portion of a Term Loan or Term Commitment. 
 (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 not be less than $5,000,000 or, in the case of a Term Loan, $1,000,000, unless the Borrower and the Administrative Agent otherwise consent (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 clauses (a) or (b) of Article VII or under clauses (h), (i) or (j) (in each case with respect to the Borrower) 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, together with a processing and recordation fee of $3,500, provided 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, provided, further, that only one such processing and recordation fee shall be payable in connection with simultaneous assignments to two or more assignees that are Affiliates of one another, or to
two or more Approved Funds that are managed or advised by the same investment advisor, 
 (D) the assignee, if it
shall not be a Lender, shall deliver to the Administrative Agent 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 and its Affiliates and their related parties or their respective securities) will be made 

  
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 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 any tax forms required by Section 2.17(e), 
 (E) in case of an assignment to Holdings or its Subsidiaries or a Sponsor Affiliated Lender, (1) no Event of Default under clauses (a) or (b) of Article VII or under clauses (h),
(i) or (j) (in each case, with respect to the Borrower) of Article VII shall have occurred and be continuing, (2) on the date of such assignment and after giving effect thereto, no more than $50,000,000 shall be outstanding in
Revolving Loans, (3) after giving effect to such assignment and to all other assignments with all Sponsor Affiliated Lenders, (x) the aggregate principal amount of all Term Loans then held by all Sponsor Affiliated Lenders (by assignment)
shall not exceed 20% of the aggregate unpaid principal amount of the Term Loans then outstanding, (y) the aggregate principal amount of all Tranche A Term Loans then held by all Sponsor Affiliated Lenders (by assignment) shall not exceed 20% of
the aggregate unpaid principal amount of the Tranche A Term Loans then outstanding and (z) the aggregate principal amount of all Tranche B Term Loans then held by all Sponsor Affiliated Lenders (by assignment) shall not exceed 20% of the
aggregate unpaid principal amount of the Tranche B Term Loans then outstanding, (4) the assignee shall execute a waiver in form and substance reasonably satisfactory to Administrative Agent that it shall have no right whatsoever so long as such
Person is a Sponsor Affiliated Lender (i) to vote with respect to any amendment, modification, waiver, consent or other such action with respect to any of the terms of this Agreement or any other Loan Document, provided that,
notwithstanding the foregoing, such assignee shall be permitted to vote if such amendment, modification, waiver, consent or other such action (x) requires the vote of all Lenders or all affected Lenders and all Lenders or all affected Lenders,
as the case may be, have given their consent thereto, or (y) disproportionately affects such Sponsor Affiliated Lender in its capacity as a Lender as compared to other Lenders, (ii) subject to subclause (i) of clause (4) of this
paragraph, to otherwise vote on any matter related to this Agreement or any other Loan Document, (iii) to attend (or receive any notice of) any meeting, conference call or correspondence with the Administrative Agent or any Lender or receive
any information from the Administrative Agent or any Lender or (iv) to make or bring any claim, in its capacity as Lender, against the Administrative Agent or any Lender with respect to the duties and obligations of such Persons under the Loan
Documents, but no amendment, modification, waiver, consent or other action shall deprive any Sponsor Affiliated Lender of its share of any payments which the Lenders are entitled to share on a pro rata basis hereunder, (5) each Sponsor
Affiliated Lender shall acknowledges and agree that the Loans owned by it shall be non-voting under sections 1126 and 1129 of the Bankruptcy Code in the event that any proceeding thereunder shall be instituted by or against Borrower or any other
Loan Party, or, alternatively, to the extent that the foregoing non-voting designation is deemed unenforceable for any reason, each Sponsor Affiliated Lender shall vote in such proceedings in the same proportion as the allocation of voting with
respect to such matter by those Lenders who are not Sponsor Affiliated Lenders, except to the extent that any plan of reorganization proposes to treat the Obligations held by such Sponsor Affiliated Lender in a manner that is less favorable in any
material respect to such Sponsor Affiliated Lender than the proposed treatment of similar Obligations held by Lenders that are not Sponsor Affiliated Lenders, (6) no Revolving Loans or Revolving Commitments shall be assigned to any Sponsor
Affiliated Lender except that Revolving Loans and Revolving Commitments held by a Lender that becomes a Defaulting Lender may be assigned to a Sponsor Affiliated Lender, and (7) any Loans assigned to the Borrower or the Subsidiaries shall be
cancelled promptly upon such assignment, and 
 (F) the Borrower shall, upon reasonable request by the
Administrative Agent, provide such documentation to the Administrative Agent in connection with any assignment by a 

  
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Lender to an assignee that bears a relationship to the Borrower under Section 108(e)(4) of the Code, so as to allow the Administrative Agent to determine whether the assigned portion of the
Loan will have original issue discount for U.S. Federal income tax purposes and, if so, the amount of such original issue discount. 
 For purposes of paragraph (b) of this Section, the term “Approved Fund” and “CLO” have the following meanings: 

“Approved Fund” means (a) a CLO and (b) with respect to any Lender that is a fund that invests in bank loans
and similar extensions of credit, any other fund that invests in bank loans and similar extensions of credit and is managed or advised by the same investment advisor as such Lender or by an Affiliate of such investment advisor. 

“CLO” means an entity (whether a corporation, partnership, trust or otherwise) that is engaged in making, purchasing,
holding or otherwise investing in bank loans and similar extensions of credit in the ordinary course and is administered or managed by a Lender or an Affiliate of such Lender. 
 (iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(v) of this Section, 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 Sections 2.15, 2.16, 2.17 and 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 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. 
 (iv) The Administrative Agent, acting 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 amount (and stated interest) 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 Holdings, 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. The Register shall be
available for inspection by the Borrower, any Issuing Bank and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 
 (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 required by
Section 2.17(e) (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b)(ii) of this Section and any written consent to such assignment required by paragraph (b)(i) of this
Section, 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. 

  
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 (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,
without the consent of the Borrower, the Administrative Agent, any Issuing Bank or the Swingline Lender, sell participations to one or more banks or other entities (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, (C) Holdings, 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 and (D) the Borrower shall, upon reasonable request of a Lender that sells a participation in all or a portion of such Lender’s rights and obligations
under this Agreement (including all or a portion of its Commitments and the Loans owing to it) to the Borrower or to a Participant that bears a relationship to the Borrower under Section 108(e)(4) of the Code, provide such documentation to such
Lender so as to allow such Lender to determine whether the participated portion of the Loan will have original issue discount for U.S. Federal income tax purposes and, if so, the amount of such original issue discount. 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 the Loan Documents and to approve any amendment, modification or waiver of any provision of the 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 clause (i), (ii), (iii) or (vi) of the first
proviso to Section 9.02(b) that affects such Participant. Subject to paragraph (c)(ii) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.15, 2.16 and 2.17 to the same extent as if it were
a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section. 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. Each Lender that sells a participation, acting solely for this purpose as a non-fiduciary agent of the Borrower (solely for tax purposes),
shall maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) 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 to any Person (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) 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, and such Lender, each Loan Party and the Administrative Agent shall treat each
person whose name is recorded in the Participant Register pursuant to the terms hereof as the owner of such participation for all purposes of this Agreement, notwithstanding notice to the contrary. 

(ii) A Participant shall not be entitled to receive any greater payment under Section 2.15 or Section 2.17 than the applicable
Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant shall not be
entitled to the benefits of Section 2.17 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 2.17(e) as though it were a Lender.

  
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 (d) Any Lender may, without the consent of the Borrower, the Administrative Agent, the
Issuing Bank or the Swingline Lender, 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, 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) Notwithstanding anything to the contrary
contained herein, any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle (an “SPV”), identified as such in writing from time to time by the Granting Lender to the Administrative Agent and
the Borrower, the option to provide to the Borrower all or any part of any Loan that such Granting Lender would otherwise be obligated to make to the Borrower pursuant to this Agreement, provided that (i) nothing herein shall constitute
a commitment by any SPV to make any Loan and (ii) if an SPV elects not to exercise such option or otherwise fails to provide all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof.
The making of a Loan by an SPV hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender. Each party hereto hereby agrees that no SPV shall be liable for any indemnity or
similar payment obligation under this Agreement (all liability for which shall remain with the Granting Lender). In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that,
prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior indebtedness of any SPV, such party will not institute against, or join any other person in instituting against, such SPV
any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under the laws of the United States or any State thereof. In addition, notwithstanding anything to the contrary contained in this Section 9.04, any SPV may
(i) with notice to, but without the prior written consent of, the Borrower and the Administrative Agent and without paying any processing fee therefor, assign all or a portion of its interests in any Loans to the Granting Lender or to any
financial institutions (consented to by the Borrower and Administrative Agent) providing liquidity or credit support to or for the account of such SPV to support the funding or maintenance of Loans and (ii) disclose on a confidential basis any
non-public information relating to its Loans to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity enhancement to such SPV. 
 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 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 and so long as the Commitments have not expired or terminated. The provisions of Sections 2.15, 2.16, 2.17 and 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, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement or any provision hereof. 

SECTION 9.06 Counterparts; Integration. 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 

  
 116

 
and any separate letter agreements with respect to fees payable to the Administrative Agent, the Syndication Agents 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. 

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 invalidate such provision in any other jurisdiction. 
 SECTION
9.08 Right of Setoff. If an Event of Default 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) at any time owing by such Lender, 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 now or hereafter existing under this Agreement held by such Lender or such Issuing Bank, irrespective of whether or
not such Lender or such Issuing Bank shall have made any demand under this Agreement and although such obligations may be unmatured or are owed to a branch or office of such Lender or such Issuing Bank different from the branch or office holding
such deposit or obligated on such Indebtedness. The applicable Lender and the 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 law of the State of New York. 

(b) Each of Holdings and the Borrower 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 the Borough of Manhattan and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding
arising out of or relating to 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 or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that, to the extent permitted by applicable law, 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 Holdings, the Borrower or their respective properties in the courts of any jurisdiction. 
 (c) Each of Holdings and the Borrower hereby irrevocably and unconditionally waives, to the fullest extent not prohibited by law, any right it might have to claim or recover in any legal action or
proceeding referred to in this Section any special, exemplary, punitive or consequential damages, and 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. 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. 

  
 117

 (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.
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 (a) to its and its Affiliates’ directors, officers,
employees and agents, including accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such
Information confidential), (b) to the extent requested by any regulatory authority, (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process (in which case notice of such subpoena or similar
legal process shall, to the extent not prohibited by such subpoena or legal process, be provided to the Borrower prior to the disclosure of such Information), (d) to any other party to this Agreement, (e) in connection with the exercise of
any remedies hereunder or any suit, action or proceeding relating to any Loan Document or the enforcement of rights thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any
assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement, (ii) any actual or prospective counterparty (or its advisors) to any Swap Agreement relating to any Loan
Party and its obligations under the Loan Documents and (iii) to any pledgee referred to in Section 9.04(d), (g) with the consent of the Borrower or (h) to the extent such Information (i) becomes publicly available other than
as a result of a breach of this Section or (ii) becomes available to the Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis from a source other than Holdings or the Borrower (provided that the source is not
actually known by such disclosing party to be bound by an agreement containing provisions substantially the same as those contained in this Section 9.12). For the purposes of this Section, “Information” means all information
received from Holdings or the Borrower relating to Holdings or the Borrower or its 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 Holdings or the Borrower. 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. 

  
 118

 SECTION 9.13 Interest Rate Limitation. Notwithstanding anything herein to the
contrary, if at any time the interest rate applicable to any Loan or participation in any LC Disbursement, together with all fees, charges and other amounts that are treated as interest on such Loan or LC Disbursement or participation therein under
applicable law (collectively the “Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) that may be contracted for, charged, taken, received or reserved by the Lender holding such Loan or LC
Disbursement or participation therein in accordance with applicable law, the rate of interest payable in respect of such Loan hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent
lawful, the interest and Charges that would have been payable in respect of such Loan or LC Disbursement or participation therein but were not payable as a result of the operation of this Section shall be cumulated and the interest and Charges
payable to such Lender in respect of other Loans or LC Disbursement or participation therein or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds
Effective Rate to the date of repayment, shall have been received by such Lender. 
 SECTION 9.14 USA Patriot Act.
Each Lender hereby notifies Holdings and the Borrower that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and
record information that identifies Holdings and the Borrower, which information includes the name and address of Holdings and the Borrower and other information that will allow such Lender to identify Holdings and the Borrower in accordance with the
Act. 
 SECTION 9.15 Conversion of Currencies. (a) If, for the purpose of obtaining judgment in any court, it
is necessary to convert a sum owing hereunder in one currency into another currency, each party hereto agrees, to the fullest extent that it may effectively do so, that the rate of exchange used shall be that at which in accordance with normal
banking procedures in the relevant jurisdiction the first currency could be purchased with such other currency on the Business Day immediately preceding the day on which final judgment is given. 

(b) The obligations of the Borrower in respect of any sum due to any party hereto or any holder of the obligations owing hereunder (the
“Applicable Creditor”) shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than the currency in which such sum is stated to be due hereunder (the “Agreement Currency”),
be discharged, to the fullest extent permitted by applicable law, only to the extent that, on the Business Day following receipt by the Applicable Creditor of any sum adjudged to be so due in the Judgment Currency, the Applicable Creditor may in
accordance with normal banking procedures in the relevant jurisdiction purchase the Agreement Currency with the Judgment Currency; if the amount of the Agreement Currency so purchased is less than the sum originally due to the Applicable Creditor in
the Agreement Currency, such Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify, to the fullest extent permitted by applicable law, the Applicable Creditor against such loss. The obligations of the Borrower
contained in this Section 9.15 shall survive the termination of this Agreement and the payment of all other amounts owing hereunder. 

  
 119

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

			
	BURGER KING HOLDINGS, INC.
		
	By:	 	 /s/ Daniel S. Schwartz

	Name:	 	Daniel S. Schwartz
	Title:	 	Chief Financial Officer
	
	BURGER KING CORPORATION
		
	By:	 	 /s/ Daniel S. Schwartz

	Name:	 	Daniel S. Schwartz
	Title:	 	Chief Financial Officer

 [Burger King Credit Agreement Signature Page] 

 
			
	JPMORGAN CHASE BANK, N.A., as Administrative Agent and Lender
		
	 By:
	 	 /s/ Tony Yung

	 Name:
	 	Tony Yung
	Title:	 	Executive Director

 [Burger King Credit Agreement Signature Page] 

  

			
	Bank of America, N.A. as a Syndication Agent
		
	By:	 	/s/ William M. Bulger, Jr.
	Name:	 	William M. Bulger, Jr.
	Title:	 	Vice President

 [Burger King Credit Agreement Signature Page] 

  

			
	 Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A; “Rabobank Nederland”, New York Branch, as a
Documentation Agent

		
	By:	 	/s/ Bram Stevens
	Name:	 	Bram Stevens
	Title:	 	Executive Director

 
			
		
	By:	 	/s/ Michael A. Phelan
	Name:	 	Michael Phelan
	Title:	 	Managing Director

 [Burger King Credit Agreement Signature Page] 

  

			
	 HSBC Bank USA, N.A., as a Documentation Agent

		
	By:	 	/s/ John Gutekunst
	Name:	 	John Gutekunst
	Title:	 	Vice President

 [Burger King Credit Agreement Signature Page] 

  

			
	 Credit Suisse AG, Cayman Islands Branch, as a Documentation Agent

		
	By:	 	/s/ Robert Hetu
	Name:	 	Robert Hetu
	Title:	 	Managing Director

 
			
		
	By:	 	/s/ Rahul Parmar
	Name:	 	Rahul Parmar
	Title:	 	Associate

 [Burger King Credit Agreement Signature Page] 

  

			
	 Regions Bank, as a Documentation Agent

		
	By:	 	/s/ Stephen Hanag
	Name:	 	Stephen Hanag
	Title:	 	Senior Vice President

 [Burger King Credit Agreement Signature Page] 

 
			
	Goldman Sachs Bank USA,
as a Documentation Expert
		
	By:	 	 /s/ Mark Walton

	 Name:
	 	Mark Walton
	 Title:
	 	Authorized Signatory

 [Burger King Credit Agreement Signature Page] 

 Schedule 2.01 
 Commitments 
 Revolving Lenders 

 

									
	 Lender
	  	Global
Revolving
Commitments

(US $)	 	  	U.S.
Revolving
Commitments
(US $)	 
	 JPMorgan Chase Bank, N.A.
	  	 	26,000,000.00	  	  			
	 Barclays Bank PLC
	  	 	15,000,000.00	  	  			
	 Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., “Rabobank Nederland”, New York Branch
	  	 	17,500,000.00	  	  			
	 Fifth Third Bank, An Ohio Banking Corporation
	  	 	17,500,000.00	  	  			
	 UniCredit Bank AG, New York Branch
	  	 	20,000,000.00	  	  			
	 Regions Bank
	  	 	17,500,000.00	  	  			
	 Raymond James Bank, N.A.
	  				  	 	7,000,000.00	  
	 DZ Bank AG
	  	 	3,500,000.00	  	  			
	 Mediobanca International (Luxembourg) S.A.
	  	 	6,000,000.00	  	  			
		  	  
	  
	 	  	  
	  
	 
	 TOTAL: $130,000,000
	  	 	123,000,000.00	  	  	 	7,000,000.00	  
		  	  
	  
	 	  	  
	  
	 

 Schedule 3.06 
 Disclosed Matters 
 None. 

 Schedule 3.12 
 Subsidiaries 
  

					
	 Entity Name
	  	 Jurisdiction
	  	 Ownership***

	Burger King Corporation*	  	Florida	  	
			
	Burger King Interamerica, LLC*	  	Florida	  	
			
	Burger King Sweden Inc.*	  	Florida	  	
			
	Distron Transportation Systems, Inc.*	  	Florida	  	
			
	BK Acquisition, Inc.*	  	Delaware	  	
			
	BK CDE, Inc.*	  	Delaware	  	
			
	BK Whopper Bar, LLC*	  	Florida	  	
			
	TPC Number Four, Inc.*	  	Delaware	  	
			
	Moxie’s, Inc.*	  	Louisiana	  	
			
	The Melodie Corporation*	  	New Mexico	  	
			
	TQW Company*	  	Texas	  	
			
	Burger King Korea, Ltd	  	Korea	  	
			
	Burger King A.B	  	Sweden	  	
			
	Burger King Restaurants of Canada Inc.	  	Canada	  	
			
	Burger King Restaurant Operations of Canada, Inc.	  	Canada	  	
			
	F.P.M.I. Food Services, Inc.	  	Canada	  	
			
	Administracion de Comidas Rapidas, S.A. de C.V.	  	Mexico	  	
			
	Burger King Mexicana, S.A. de C.V.	  	Mexico	  	
			
	Burger King Beteiligungs GmbH	  	Germany	  	
			
	Burger King GmbH	  	Germany	  	
			
	BK Grundstucksverwaltungs Beteiligungs GmbH	  	Germany	  	
			
	BK Grundstucksverwaltungs GmbH & Co. KG	  	Germany	  	
			
	Burger King Espana S.L.U.	  	Spain	  	
			
	Burger King Italia, S.r.L.	  	Italy	  	
			
	Burger King do Brasil Assessoria a Restaurantes Ltda.	  	Brazil	  	
			
	Burger King de Puerto Rico, Inc.	  	Puerto Rico	  	
			
	BK Argentina Servicios, S.A.	  	Argentina	  	

					
	BK Venezuela Servicios, C.A.	  	Venezuela	  	
			
	Jolick Trading, S.A.	  	Uruguay	  	
			
	BK AsiaPac, Pte. Ltd	  	Singapore	  	
			
	Burger King (Shanghai) Commercial Consulting Co. Ltd.	  	Hong Kong	  	
			
	BK Asiapac (Japan) Y.K.	  	Japan	  	
			
	Burger King (Gibraltar) Ltd.	  	Gibraltar	  	
			
	Burger King (Luxembourg) S.a r.l.	  	Luxembourg	  	
			
	Burger King (Nederland) Services B.V.	  	Netherlands	  	
			
	Burger King (Rus) LLC	  	Russia	  	
			
	Burger King Schweiz GmbH	  	Switzerland	  	
			
	Burger King Europe GmbH	  	Switzerland	  	
			
	Burger King Gida Sanayive Ticaret Limited Sirketi	  	Turkey	  	
			
	Burger King Israel, Ltd	  	Israel	  	
			
	Burgerking Ltd**	  	United Kingdom	  	
			
	Hayescrest Limited	  	United Kingdom	  	
			
	Huckleberry’s Limited	  	United Kingdom	  	
			
	Mini Meals Limited	  	United Kingdom	  	
			
	Burger King UK Pension Plan Trustee Company Limited	  	United Kingdom	  	
			
	Burger King (United Kingdom) Ltd.	  	United Kingdom	  	
			
	Burger King South Africa (Pty) Ltd.	  	South Africa	  	

  

	*	Indicates Subsidiary Loan Parties. 

	**	65% of the shares of Burgerking Ltd have been pledged to JPMorgan Chase Bank, N.A. in connection with the Company’s senior secured credit facility. Under U.K. law,
this share pledge constitutes a transfer of the shares. 

	***	Information omitted will be provided upon request. 

 Schedule 3.18(a) 

UCC Filing Jurisdictions 
  

					
	 Grantor
	  	 Type of Filing
	  	 Filing Office

	Burger King Corporation	  	UCC-1 Financing Statement	  	Florida Department of State
			
	Burger King Holdings, Inc.	  	UCC-1 Financing Statement	  	Delaware Secretary of State
			
	BK Acquisition, Inc.	  	UCC-1 Financing Statement	  	Delaware Secretary of State
			
	BK CDE, Inc.	  	UCC-1 Financing Statement	  	Delaware Secretary of State
			
	BK Whopper Bar, LLC	  	UCC-1 Financing Statement	  	Florida Department of State
			
	Burger King Interamerica, LLC	  	UCC-1 Financing Statement	  	Florida Department of State
			
	Burger King Sweden Inc.	  	UCC-1 Financing Statement	  	Florida Department of State
			
	Distron Transportation Systems, Inc.	  	UCC-1 Financing Statement	  	Florida Department of State
			
	Moxie’s, Inc.	  	UCC-1 Financing Statement	  	Louisiana Secretary of State
			
	The Melodie Corporation	  	UCC-1 Financing Statement	  	New Mexico Secretary of State
			
	TPC Number Four, Inc.	  	UCC-1 Financing Statement	  	Delaware Secretary of State
			
	TQW Company	  	UCC-1 Financing Statement	  	Texas Secretary of State

 Schedule 6.02 
 Existing Liens 
  

											
	 DEBTOR
	  	 SECURED PARTY
	  	 JURISDICTION
	  	 TYPE OF UCC
	  	 FILE NO. &

DATE
	  	 COLLATERAL

	Burger King Holdings, Inc.	  		  	FL - Miami-Dade County Circuit Court	  	Defendant Suits	  		  	 File No. and Date
 10-48395CA
9/3/2010

						
	Burger King Corporation	  		  	FL - Miami-Dade County Circuit Court	  	Defendant Suits	  		  	 File No. and Date

11-21648CA    7/13/2011

11-29739CA    9/15/2011

11-30346CA    9/21/2011

11-39170CA    11/23/2011

12-2457CA    1/20/2012

12-17087CA    5/1/2012

						
	Burger King Corporation	  		  	FL - Miami-Dade County Circuit Court	  	Judgment Liens	  		  	 File No. and Date

20810/4801    11/26/2002

20986/2283    2/8/2003

21002/4873    2/12/2003

						
	Burger King Corporation	  		  	FL - US District Court, Southern District	  	Federal defendant suits	  		  	 File No. and Date

0:11-cv-61971-JIC    9/7/2011

0:11-cv-62357-WJZ    11/2/2011

0:11-cv-62503-JIC    11/23/2011
 1:12-cv-21718-UU    5/7/2012

1:12-cv-22969-KMM    8/14/2012

1:12-cv-23252-MGC    9/4/2012

9:12-cv-80946-KLR    9/5/2012

						
	Burger King Corporation	  	 Dell Financial Services, L.P.

14050 Summit Drive, Bldg A, Suite 101
 Austin, TX
78758
	  	FL - Secretary of State	  	Original Financing Statement	  	 6/22/2000

200000144945
	  	All computer equipment leased to Debtor under that certain Master Lease Agreement #977659, dated June 15, 1998
						
	Burger King Corporation	  	 Dell Financial Services, L.P.

14050 Summit Drive, Bldg A, Suite 101
 Austin, TX
78758
	  	FL - Secretary of State	  	Original Financing Statement	  	 1/16/2002

200200116493
	  	All computer equipment leased to Debtor under that certain Master Lease Agreement #5127320, dated December 1,
2001

											
	 DEBTOR
	  	 SECURED PARTY
	  	 JURISDICTION
	  	 TYPE OF UCC
	  	 FILE NO. &

DATE
	  	 COLLATERAL

	Burger King Corporation	  	 LaSalle Bank National Association, f/k/a LaSalle National Bank as Indenture Trustee for the registered holders of FFCA Secured Franchise
Loan Trust 2000-1
 17207 North Perimeter Drive
 SCottsdale, AZ 85255
	  	FL - Secretary of State	  	Original Financing Statement	  	 3/25/2004

200406482290
	  	Financing statement filed to continue the effectiveness of financing statements listed in attached exhibits and schedules
						
	Burger King Corporation	  	 The CIT Group/Equipment Financing, Inc.
 1540 West Fountainhead Parkway
 Tempe, AZ 85282
	  	FL - Secretary of State	  	Original Financing Statement	  	 9/1/2004

200407794865
	  	Collateral is listed on attached Exhibit A
						
	Burger King Corporation	  	 FFCA Acquisition Corporation

17207 North Perimeter Drive
 Scottsdale, AZ
85255
	  	FL - Secretary of State	  	Original Financing Statement	  	 3/10/2005

200509157821
	  	Financing statement filed to continue the effectiveness of the financing statements listed on attached sheets
						
	Burger King Corporation	  	 Wachovia Financial Services, Inc.
 1111 Old Eagle School Road
 Wayne, PA 19087
	  	FL - Secretary of State	  	Original Financing Statement	  	 3/30/2006

20060227753X
	  	(616) Kitchen Minder System Kit
						
	Burger King Corporation	  	 Ikon Financial SVCS
 1738 Bass
Road
 Macon, GA 31210-1043
	  	FL - Secretary of State	  	Original Financing Statement	  	 12/24/2007

200707277300
	  	All equipment leased in connection with that certain Master Agreement No.1004528
						
	Burger King Corporation	  	 AT&T Capital Services, Inc.

2000 W. AT&T Center Drive
 Hoffman Estates,
IL 60192
	  	FL - Secretary of State	  	Original Financing Statement	  	 8/5/20008

200808887678
	  	All telecommunications and data equipment leased to Lessee under Schedule No. 001-4372300-001
						
	Burger King Corporation	  	 Axis Capital, Inc.
 308 N.
Locust Street, Suite 100
 Grand Island, NE 68801
	  	FL - Secretary of State	  	Original Financing Statement	  	 8/13/2008

200808944329
	  	All equipment relating to Lease # 918987
						
	Burger King Corporation	  	 Ikon Financial SVCS
 1738 Bass
Road
 Macon, GA 31210-1043
	  	FL - Secretary of State	  	Original Financing Statement	  	 4/16/2009

200900371410
	  	All equipment leased in connection with Master Agreement No. 1004528
						
	Burger King Corporation	  	 Spirit Master Funding III, LLC

14631 North Scottsdale Road, Suite 200

Scottsdale, AZ 85254-2711
	  	FL - Secretary of State	  	Original Financing Statement	  	 9/28/2009

200901267919
	  	All personal property at property described on attached exhibit.

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