Document:

Ex 10.01 Hartford-CreditAgreementFinalExecutionVersionwithconformedsignatures

Exhibit 10.1

Published CUSIP Number - Deal: 416523AG3
Published CUSIP  Number - Revolver: 416523AH1    
              
FIVE-YEAR REVOLVING CREDIT FACILITY AGREEMENT
Dated as of October 31, 2014
among
THE HARTFORD FINANCIAL SERVICES GROUP, INC.,
THE BORROWING SUBSIDIARIES FROM TIME TO TIME PARTY HERETO,
THE LENDERS NAMED HEREIN,
BANK OF AMERICA, N.A, 
as Administrative Agent
JPMORGAN CHASE BANK, N.A., 
CITIBANK, N.A., 
U.S. BANK NATIONAL ASSOCIATION 
and 
WELLS FARGO BANK, NATIONAL ASSOCIATION
as Syndication Agents
                                    
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,
J.P. MORGAN SECURITIES LLC, 
CITIGROUP GLOBAL MARKETS INC.,
U.S. BANK NATIONAL ASSOCIATION and
WELLS FARGO SECURITIES, LLC
as Joint Lead Arrangers and Joint Bookrunners

[CS&M Ref. No. 6701-199]

Table of Contents
Page

ARTICLE I 
 
Definitions
		
	SECTION 1.01.  Defined Terms
	1

		
	SECTION 1.02.  Terms Generally
	27

ARTICLE II 
 
The Credits
		
	SECTION 2.01.  Commitments
	27

		
	SECTION 2.02.  Loans and Borrowings
	28

		
	SECTION 2.03.  Competitive Bid Procedure
	30

		
	SECTION 2.04.  Revolving Borrowing Procedure
	32

		
	SECTION 2.05.  Interest Elections
	33

		
	SECTION 2.06.  Letters of Credit
	34

		
	SECTION 2.07.  Fees
	44

		
	SECTION 2.08.  Repayment of Loans; Evidence of Debt
	45

		
	SECTION 2.09.  Interest on Loans
	46

		
	SECTION 2.10.  Default Interest
	46

		
	SECTION 2.11.  Alternate Rate of Interest
	47

		
	SECTION 2.12.  Termination and Reduction of Commitments
	47

		
	SECTION 2.13.  Prepayment
	48

		
	SECTION 2.14.  Reserve Requirements; Change in Circumstances
	49

		
	SECTION 2.15.  Change in Legality
	50

		
	SECTION 2.16.  Indemnity
	51

		
	SECTION 2.17.  Pro Rata Treatment
	52

		
	SECTION 2.18.  Sharing of Setoffs
	52

		
	SECTION 2.19.  Payments
	53

		
	SECTION 2.20.  Taxes
	54

		
	SECTION 2.21.  Duty to Mitigate; Assignment of Commitments Under Certain Circumstances
	59

		
	SECTION 2.22.  Increase in Commitments
	60

		
	SECTION 2.23.  Defaulting Lenders
	62

ARTICLE III 
 
Representations and Warranties
		
	SECTION 3.01.  Organization; Powers
	63

i

		
	SECTION 3.02.  Authorization
	64

		
	SECTION 3.03.  Enforceability
	64

		
	SECTION 3.04.  Governmental Approvals
	64

		
	SECTION 3.05.  Financial Statements
	64

		
	SECTION 3.06.  Litigation; Compliance with Laws
	65

		
	SECTION 3.07.  Federal Reserve Regulations
	65

		
	SECTION 3.08.  Investment Company Act
	65

		
	SECTION 3.09.  Use of Proceeds
	66

		
	SECTION 3.10.  Full Disclosure; No Material Misstatements
	66

		
	SECTION 3.11.  Taxes
	66

		
	SECTION 3.12.  Employee Pension Benefit Plans
	66

		
	SECTION 3.13.  OFAC, Anti-Corruption Laws
	66

ARTICLE IV 
 
Conditions of Lending
		
	SECTION 4.01.  All Credit Events
	67

		
	SECTION 4.02.  Conditions to Effectiveness
	67

		
	SECTION 4.03.  First Borrowing by Each Borrowing Subsidiary
	68

ARTICLE V 
 
Covenants
		
	SECTION 5.01.  Existence
	69

		
	SECTION 5.02.  Business and Properties
	69

		
	SECTION 5.03.  Financial Statements, Reports, etc
	69

		
	SECTION 5.04.  Insurance
	71

		
	SECTION 5.05.  Obligations and Taxes
	71

		
	SECTION 5.06.  Notices
	72

		
	SECTION 5.07.  Maintaining Records; Access to Properties and Inspections
	72

		
	SECTION 5.08.  Employee Benefits
	72

		
	SECTION 5.09.  Use of Proceeds
	72

		
	SECTION 5.10.  Consolidations, Mergers, and Sales of Assets
	72

		
	SECTION 5.11.  Limitations on Liens
	73

		
	SECTION 5.12.  [Intentionally omitted]
	76

		
	SECTION 5.13.  Consolidated Total Debt to Consolidated Total Capitalization
	76

		
	SECTION 5.14.  Minimum Consolidated Net Worth
	76

		
	SECTION 5.15.  Limitation on Issuance of Consumer Notes
	76

		
	SECTION 5.16.  Sanctions; Anti-Corruption Laws
	76

ARTICLE VI 
 
Events of Default

ii

ARTICLE VII 
 
Guarantee
ARTICLE VIII 
 
The Administrative Agent
		
	SECTION 8.01.  Appointment and Authority
	81

		
	SECTION 8.02.  Rights as a Lender
	82

		
	SECTION 8.03.  Exculpatory Provisions
	82

		
	SECTION 8.04.  Reliance by Administrative Agent
	83

		
	SECTION 8.05.  Delegation of Duties
	83

		
	SECTION 8.06.  Resignation of Administrative Agent
	83

		
	SECTION 8.07.  Non-Reliance on Administrative Agent and Other Lenders
	85

		
	SECTION 8.08.  No Other Duties, Etc
	85

ARTICLE IX 
 
Miscellaneous
		
	SECTION 9.01.  Notices
	85

		
	SECTION 9.02.  Survival of Agreement
	86

		
	SECTION 9.03.  Binding Effect
	87

		
	SECTION 9.04.  Successors and Assigns
	87

		
	SECTION 9.05.  Expenses; Indemnity
	90

		
	SECTION 9.06.  APPLICABLE LAW
	92

		
	SECTION 9.07.  Waivers; Amendment
	92

		
	SECTION 9.08.  Entire Agreement
	93

		
	SECTION 9.09.  Severability
	93

		
	SECTION 9.10.  Counterparts
	93

		
	SECTION 9.11.  Headings
	93

		
	SECTION 9.12.  Right of Setoff
	93

		
	SECTION 9.13.  Jurisdiction; Consent to Service of Process
	94

		
	SECTION 9.14.  Waiver of Jury Trial
	94

		
	SECTION 9.15.  Addition of Borrowing Subsidiaries
	95

		
	SECTION 9.16.  Conversion of Currencies
	96

		
	SECTION 9.17.  Confidentiality
	96

		
	SECTION 9.18.  USA Patriot Act
	97

		
	SECTION 9.19.  No Fiduciary Duty
	97

		
	SECTION 9.20.  Electronic Execution of Assignments and Certain Other Documents
	97

iii

Exhibits and Schedules
		
	Exhibit A-1
	Form of Competitive Bid Request

		
	Exhibit A-2
	Form of Notice of Competitive Bid Request

		
	Exhibit A-3
	Form of Competitive Bid

		
	Exhibit A-4
	Form of Competitive Bid Accept/Reject

		
	Exhibit A-5
	Form of Revolving Borrowing Request

		
	Exhibit B
	Form of Assignment and Assumption

		
	Exhibit C
	Form of Opinion of Counsel for The Hartford Financial Services Group, Inc.

		
	Exhibit D
	Form of Borrowing Subsidiary Agreement

		
	Exhibit E
	LC Issuer Agreement

		
	Exhibit F
	Form of Secured Letter of Credit Agreement

		
	Exhibit G
	Form of US Tax Compliance Certificates

		
	Exhibit G-1
	Form of U.S. Tax Compliance Certificate for Foreign Non-Partnership Lenders

		
	Exhibit G-2
	Form of U.S. Tax Compliance Certificate for Foreign Non-Partnership Participants

		
	Exhibit G-3
	Form of U.S. Tax Compliance Certificate for Foreign Partnership Participants

		
	Exhibit G-4
	Form of U.S. Tax Compliance Certificate for Foreign Partnership Lenders

Schedule 1.01    Insurance Subsidiaries
Schedule 2.01    Commitments
Schedule 3.06    Litigation and Compliance with Laws
Schedule 9.01    Administrative Agent’s Office

iv

FIVE-YEAR REVOLVING CREDIT FACILITY AGREEMENT (as it may be amended, supplemented or otherwise modified, the “Agreement”) dated as of October 31, 2014, among THE HARTFORD FINANCIAL SERVICES GROUP, INC., a Delaware corporation (the “Company”); each Borrowing Subsidiary party hereto; the Lenders from time to time party hereto; and BANK OF AMERICA, N.A., as administrative agent for the Lenders (in such capacity, the “Administrative Agent”).
The Company has requested that (i) the Lenders extend credit on a revolving credit basis at any time and from time to time prior to the Maturity Date in an aggregate principal amount not in excess of US$1,000,000,000 at any time outstanding, subject to increase as provided herein, (ii) make up to US$250,000,000 of such credit facility available in the form of Letters of Credit and (iii) provide a procedure pursuant to which the Borrowers may invite the Lenders to bid on an uncommitted basis on short-term borrowings by the Borrowers.  The proceeds of borrowings hereunder are to be used for general corporate purposes.  The Lenders are willing to extend credit to the Borrowers on the terms and subject to the conditions herein set forth.
Accordingly, the parties hereto agree as follows:
ARTICLE I

Definitions
SECTION 1.01.    Defined Terms.  As used in this Agreement, the following terms shall have the meanings specified below:
“Accession Agreement” shall have the meaning assigned to such term in Section 2.22(a).
“Adjusted Collateral Value” shall mean, at any time (a) in the case of Collateral referred to in clause (a) or (b) of the definition of such term, 97.087% of the Collateral Value thereof, (b) in the case of Collateral referred to in clause (c) of the definition of such term, 95.238% of the Collateral Value thereof and (c) in the case of Collateral referred to in clause (d) or (e) of the definition of such term, 86.957% of the Collateral Value thereof.
“Administrative Agent’s Office” shall mean, with respect to any currency, the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 9.01 with respect to such currency, or such other address or account with respect to such currency as the Administrative Agent may from time to time notify to the Company and the Lenders.
“Administrative Fees” shall have the meaning assigned to such term in Section 2.07(c).

“Administrative Questionnaire” shall mean an Administrative Questionnaire in the form distributed to the Lenders by the Administrative Agent.
“Affiliate” shall mean, when used with respect to a specified person, another person that directly or indirectly controls or is controlled by or is under common control with the person specified.
“Agent Parties” shall have the meaning assigned to such term in Section 9.01(b).
“Agreement Currency” shall have the meaning assigned to such term in Section 9.16(b).
“Alternative Currency” shall mean each of Euro, Sterling, Canadian Dollars and Yen.
“Annual Statement” shall mean, with respect to the Restricted Subsidiaries, the Annual Statement of such Restricted Subsidiary required to be filed with the Applicable Insurance Regulatory Authority in accordance with state law, including any exhibits, schedules, certificates or actuarial opinions filed or delivered therewith. 
“Anti-Corruption Laws” shall mean the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, or other similar legislation in other jurisdictions. 
“Applicable Commitment Fee Rate” shall mean on any date the applicable per annum percentage set forth below under the caption “Commitment Fee Percentage” based upon the Ratings in effect on such date:

	
			
	 
	Ratings
(S&P/Moody’s)
	Commitment Fee
Percentage

	Category 1
	A/A2 or higher
	0.125%

	Category 2
	A-/A3
	0.150%

	Category 3
	BBB+/Baa1
	0.175%

	Category 4
	BBB/Baa2
	0.225%

	Category 5
	BBB-/Baa3
	0.300%

	Category 6
	Lower than BBB-/Baa3
	0.400%

For purposes of the foregoing, (i) if either Moody’s or S&P shall not have in effect a Rating (other than by reason of the circumstances referred to in the last sentence of this definition), then such Rating Agency shall be deemed to have established a Rating in Category 6; (ii) if the Ratings established or deemed to have been established by Moody’s and S&P shall fall within different Categories, the Applicable Commitment Fee Rate shall be based on the higher of the two Ratings unless the Ratings differ by two or more Categories, in which case the Applicable Commitment Fee Rate will be based upon the Category one 

2

level above the Category corresponding to the lower Rating; and (iii) if the Ratings established or deemed to have been established by Moody’s and S&P shall be changed (other than as a result of a change in the rating system of Moody’s or S&P), such change shall be effective as of the date on which it is first announced by the applicable Rating Agency.  Each change in the Applicable Commitment Fee Rate shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change.  If the rating system of Moody’s or S&P shall change, or if either such Rating Agency shall cease to be in the business of rating corporate debt obligations, the Company and the Lenders shall negotiate in good faith to amend this definition to reflect such changed rating system or the unavailability of Ratings from such Rating Agency and, pending the effectiveness of any such amendment, the Applicable Commitment Fee Rate shall be determined by reference to the Rating most recently in effect prior to such change or cessation.
“Applicable Insurance Regulatory Authority” shall mean, with respect to any Insurance Subsidiary, the insurance commission or similar Governmental Authority located in the state in which such Insurance Subsidiary is domiciled and any Federal insurance Governmental Authority. 
“Applicable Percentage” shall mean, at any date, (a) with respect to Eurocurrency Loans, the applicable percentage per annum set forth below under the caption “Eurocurrency Loan Spread” based upon the Ratings in effect on such date; (b) with respect to Standard Letters of Credit, the applicable percentage per annum set forth below under the caption “Standard Letters of Credit Spread” based upon the Ratings in effect on such date; (c) with respect to Base Rate Loans, the applicable percentage per annum set forth under the caption “Base Rate Loan Spread” based upon the Ratings in effect on such date; and (d) with respect to Secured Letters of Credit, 0.50% per annum; provided that at any time when the Adjusted Collateral Value of the Collateral on deposit in an LC Security Account in respect of any Secured Letter of Credit shall be less than the amount of the LC Exposure attributable to such Secured Letter of Credit, the Applicable Percentage used to determine the LC Participation Fees payable in respect of such Secured Letter of Credit shall be that applicable to Standard Letters of Credit, under clause (b) of this definition:

3

	
					
	 
	Ratings 
(S&P/Moody’s)
	Eurocurrency Loan Spread
	Standard Letters of Credit Spread
	Base Rate Loan Spread

	Category 1
	A/A2 or higher
	1.125%
	1.000%
	0.125%

	Category 2
	A-/A3
	1.250%
	1.125%
	0.250%

	Category 3
	BBB+/Baa1
	1.375%
	1.250%
	0.375%

	Category 4
	BBB/Baa2
	1.500%
	1.375%
	0.500%

	Category 5
	BBB-/Baa3
	1.750%
	1.675%
	0.750%

	Category 6
	Lower than BBB-/Baa3
	2.000%
	1.875%
	1.000%

For purposes of the foregoing, (i) if either Moody’s or S&P shall not have in effect a Rating (other than by reason of the circumstances referred to in the last sentence of this definition), then such Rating Agency shall be deemed to have established a Rating in Category 6; (ii) if the Ratings established or deemed to have been established by Moody’s and S&P shall fall within different Categories, the Applicable Percentage shall be based on the higher of the two Ratings unless the Ratings differ by two or more Categories, in which case the Applicable Percentage will be based upon the Category one level above the Category corresponding to the lower Rating; and (iii) if the Ratings established or deemed to have been established by Moody’s and S&P shall be changed (other than as a result of a change in the rating system of Moody’s or S&P), such change shall be effective as of the date on which it is first announced by the applicable Rating Agency.  Each change in the Applicable Percentage shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change.  If the rating system of Moody’s or S&P shall change, or if either such Rating Agency shall cease to be in the business of rating corporate debt obligations, the Company and the Lenders shall negotiate in good faith to amend this definition to reflect such changed rating system or the unavailability of Ratings from such Rating Agency and, pending the effectiveness of any such amendment, the Applicable Percentage shall be determined by reference to the Rating most recently in effect prior to such change or cessation.
“Applicable Time” shall mean, with respect to any borrowings and payments in any Alternative Currency, the local time in the place of settlement for such Alternative Currency as may be determined by the Administrative Agent or the applicable LC Issuer, as the case may be, to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment.
“Arrangers” shall mean Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Citigroup Global Markets, Inc., US Bank National Association and Wells Fargo Securities, LLC, in their capacities as the joint lead arrangers and joint bookrunners for the credit facility established hereunder.

4

“Assignment and Assumption” shall mean an assignment and assumption entered into by a Lender and an assignee in the form of Exhibit B hereto.
“Auto-Extension Letter of Credit” shall have the meaning assigned to such term in Section 2.06(c). 
“Availability Period” shall mean the period from and including the Effective Date to but excluding the earlier of the Maturity Date and the date of termination of the Commitments.
“Bank of America” shall mean Bank of America, N.A. and its successors.
“Base Rate” shall mean for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate,” and (c) the Eurocurrency Rate plus 1.00%.  The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate.  Any change in such prime rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change. 
“Base Rate Borrowing” shall mean a Borrowing comprised of Base Rate Loans.
“Base Rate Loan” shall mean any Revolving Loan bearing interest at a rate determined by reference to the Base Rate.
“Board” shall mean the Board of Governors of the Federal Reserve System of the United States.
“Board of Directors” shall mean the Board of Directors of a Borrower or any duly authorized committee thereof. 
“Borrowers” shall mean the Company and the Borrowing Subsidiaries.
“Borrowing” shall mean a group of Loans of a single Tranche, currency and Type made by the Lenders (or, in the case of a Competitive Borrowing, by the Lender or Lenders whose Competitive Bids have been accepted pursuant to Section 2.03) on a single date and as to which a single Interest Period is in effect. 
“Borrowing Minimum” shall mean (a) in the case of a Borrowing denominated in US Dollars, US$20,000,000, (b) in the case of a Borrowing denominated in Euros, €20,000,000, (c) in the case of a Borrowing denominated in Sterling, £20,000,000, (d) in the case of a Borrowing denominated in Canadian Dollars, C$20,000,000 (e) in the case of a Borrowing denominated in Yen, ¥2,000,000,000.

5

“Borrowing Multiple” shall mean (a) in the case of a Borrowing denominated in US Dollars, US$5,000,000, (b) in the case of a Borrowing denominated in Euros, €5,000,000, (c) in the case of a Borrowing denominated in Sterling, £5,000,000, (d) in the case of a Borrowing denominated in Canadian Dollars, C$5,000,000 and (e) in the case of a Borrowing denominated in Yen, ¥500,000,000.
“Borrowing Subsidiary” shall mean any Subsidiary which shall have become a Borrowing Subsidiary in accordance with Section 9.15.
“Borrowing Subsidiary Agreement” shall mean an agreement, in the form of Exhibit D hereto, duly executed by the Company, a Subsidiary and the Administrative Agent.
“Business Day” shall mean any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the laws of, or are in fact closed in, New York City and:
(a)    if such day relates to any interest rate settings as to a Eurocurrency Loan or Base Rate Loan denominated in US Dollars, any fundings, disbursements, settlements and payments in US Dollars in respect of any such Eurocurrency Loan or Base Rate Loan, or any other dealings in US Dollars to be carried out pursuant to this Agreement in respect of any such Eurocurrency Loan or Base Rate Loan, means any such day that is also a London Banking Day;
(b)    if such day relates to any interest rate settings as to a Eurocurrency Loan denominated in Euro, any fundings, disbursements, settlements and payments in Euro in respect of any such Eurocurrency Loan, or any other dealings in Euro to be carried out pursuant to this Agreement in respect of any such Eurocurrency Loan, means a TARGET Day;
(c)    if such day relates to any interest rate settings as to a Eurocurrency Loan denominated in a currency other than US Dollars or Euro, means any such day on which dealings in deposits in the relevant currency are conducted by and between banks in the London or other applicable offshore interbank market for such currency; and
(d)    if such day relates to any fundings, disbursements, settlements and payments in a currency other than US Dollars or Euro in respect of a Eurocurrency Loan denominated in a currency other than US Dollars or Euro, or any other dealings in any currency other than US Dollars or Euro to be carried out pursuant to this Agreement in respect of any such Eurocurrency Loan (other than any interest rate settings), means any such day on which banks are open for foreign exchange business in the principal financial center of the country of such currency.
“Canadian Dollars” or “C$” shall mean the lawful currency of Canada.
“Change in Control” shall be deemed to have occurred if (a) any person or group of persons shall have acquired beneficial ownership of more than 30% of the 

6

outstanding Voting Shares of the Company (within the meaning of Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended, and the applicable rules and regulations thereunder) or (b) during any period of 12 consecutive months, commencing after the Effective Date, individuals who on the first day of such period were directors of the Company (together with any replacement or additional directors who were nominated or elected by a majority of directors then in office) cease to constitute a majority of the Board of Directors of the Company.
“Change in Law” shall mean the occurrence, after the Effective Date, of any of the following: (a) the adoption or taking effect of any rule, regulation, treaty or other law, (b) any change in any rule, regulation, treaty or other law or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that, notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted, promulgated or issued.
“Citi” shall mean Citibank, N.A.
“Class”, when used in reference to (a) any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Global Tranche Revolving Loans, US Tranche Revolving Loans or Competitive Bid Loans, (b) any Letter of Credit, LC Disbursement or LC Exposure, refers to whether such Letter of Credit, LC Disbursement or LC Exposure is a US Tranche Letter of Credit, LC Disbursement or LC Exposure or a Global Tranche Letter of Credit, LC Disbursement or LC Exposure, (c) any Commitment, refers to whether such Commitment is a US Tranche Commitment or a Global Tranche Commitment, (d) any Revolving Credit Exposure or LC Exposure, refers to whether such Revolving Credit Exposure or LC Exposure is a Global Tranche Credit Exposure or LC Exposure or a US Tranche Credit Exposure or LC Exposure and (e) any Lenders, refers to whether such Lenders are Global Tranche Lenders or US Tranche Lenders.
“Closing Date” shall mean the date of this Agreement.
“Code” shall mean the Internal Revenue Code of 1986, as the same may be amended from time to time.
“Collateral” shall mean (a) cash, (b) readily marketable commercial paper issued by issuers with ratings of at least P-1 from Moody’s or A-1 from S&P and having a remaining maturity not in excess of 180 days, (c) readily marketable negotiable debt instruments constituting obligations backed by the full faith and credit of the United States of America, (d) readily marketable municipal bonds with ratings of at least A3 from Moody’s 

7

or A- from S&P and (e) readily marketable corporate bonds with ratings of at least A3 from Moody’s or A- from S&P and having remaining maturities not in excess of ten years. 
“Collateral Custodian” shall mean a commercial banking institution with an office in the State of New York and approved by the Company and the Administrative Agent. 
“Collateral Value” shall mean, at any time (a) in the case of Collateral referred to in clause (a) of the definition of such term, the amount thereof, and (b) in the case of any other Collateral, the then-current market value thereof, as determined by reference to publicly quoted prices for such Collateral or, in the absence of such publicly quoted prices, by the Administrative Agent through other reasonable means.
“Commitment” shall mean a Global Tranche Commitment or a US Tranche Commitment.
“Commitment Fee” shall have the meaning assigned to such term in Section 2.07(a).
“Commitment Increase” shall have the meaning assigned to such term in Section 2.22(b).
“Company Materials” shall have the meaning assigned to such term in Section 5.03.
“Competitive Bid” shall mean an offer by a Lender to make a Competitive Loan pursuant to Section 2.03.
“Competitive Bid Accept/Reject Letter” shall mean a notification made by a Borrower pursuant to Section 2.03(d) in the form of Exhibit A-4 hereto.
“Competitive Bid Rate” shall mean, as to any Competitive Bid, (i) in the case of a Eurocurrency Competitive Loan, the Margin, and (ii) in the case of a Fixed Rate Loan, the fixed rate of interest offered by the Lender making such Competitive Bid.
“Competitive Bid Request” shall mean a request made pursuant to Section 2.03(a) in the form of Exhibit A-1 hereto.
“Competitive Borrowing” shall mean a Borrowing consisting of a Competitive Loan or concurrent Competitive Loans from the Lender or Lenders whose Competitive Bids for such Borrowing have been accepted under the bidding procedure described in Section 2.03.
“Competitive Loan” shall mean a Loan made pursuant to the bidding procedure described in Section 2.03.  Each Competitive Loan shall be in US Dollars and shall be a Eurocurrency Competitive Loan or a Fixed Rate Loan.

8

“Competitive Loan Exposure” shall mean, with respect to any Lender at any time, the sum of the aggregate principal amount of all outstanding Competitive Loans made by such Lender.
“Consolidated Net Worth” shall mean, as at any date of determination, without duplication, the consolidated stockholders’ equity of the Company and its Subsidiaries (excluding preferred stock of the Company, except for perpetual preferred stock of the Company, and accumulated other comprehensive income), as determined on a consolidated basis in accordance with GAAP, plus non-controlling interests in Subsidiaries, as determined in accordance with GAAP, plus Special Securities; provided that Consolidated Net Worth shall not include Special Securities to the extent of any portion thereof that would account for greater than 15% of Consolidated Total Capitalization.
“Consolidated Subsidiary Debt” shall mean, as at any date of determination, Consolidated Total Debt minus, to the extent included therein, all Indebtedness, preferred securities and Special Securities that are not obligations of or issued by any Subsidiary and for which no Subsidiary is directly or contingently responsible or liable.
“Consolidated Total Capitalization” shall mean, as at any date of determination, the sum of Consolidated Total Debt and Consolidated Net Worth.
“Consolidated Total Debt” shall mean, as at any date of determination, without duplication, (i) all Indebtedness of the Company and its Subsidiaries determined on a consolidated basis in accordance with GAAP, plus (ii) preferred securities that are mandatorily redeemable, or redeemable at the option of the holder, within 10 years of such date of determination, plus (iii) Special Securities but only to the extent of any portion of such Special Securities that would exceed 15% of Consolidated Total Capitalization.  Consolidated Total Debt shall exclude the aggregate principal amount of all Consumer Notes outstanding at any time that S&P does not classify the Consumer Notes as financial leverage of the Company or a Subsidiary.
“Consumer Notes” shall mean fixed, floating and index notes issued by any Subsidiary principally engaged in the life insurance business to retail investors whereby the terms of such notes require that the net proceeds to the issuer thereof be utilized to purchase a like amount of assets to be held by such Subsidiary, and whereby the instrument issued is a registered security (and not an insurance contract of any type).  Each set of Consumer Notes issued on the same date and which have common terms and a common maturity date is referred to as a tranche of Consumer Notes.
“Credit Event” shall have the meaning assigned to such term in Section 4.01.
“Debtor Relief Laws” shall mean the Bankruptcy Code of the United States and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.

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“Default” shall mean any event or condition which upon notice, lapse of time or both would constitute an Event of Default.
“Defaulting Lender” shall mean, subject to Section 2.23(e), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Company in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, any LC Issuer or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit) within two Business Days of the date when due, (b) has notified any Borrower, the Administrative Agent, any LC Issuer or any other Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or the Company, to confirm in writing to the Administrative Agent and the Company that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Company), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, or (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender 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 Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above as of the effective date of such status shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender as of the date established therefor by the Administrative Agent in a written notice of such determination to the Company, each LC Issuer and each Lender promptly following such determination.
“Designated Jurisdiction” means any country or territory to the extent that such country or territory itself is targeted by any Sanction.

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“Effective Date” shall mean the first date on which the conditions set forth in Section 4.02 are satisfied.
“ERISA” shall mean the Employee Retirement Income Security Act of 1974 and the regulations thereunder, each as may be amended from time to time.
“ERISA Affiliate” shall mean any trade or business (whether or not incorporated) that, together with the Company, 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 of the Code.
“ERISA Event” shall mean (a) any Reportable Event, other than those for which notice is waived; (b) any failure by any Plan to satisfy the minimum funding standard (within the meaning of Section 412 of the Code or Section 302 of ERISA) applicable to such Plan, in each case, whether or not waived; (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA, of an application for a waiver of the minimum funding standard with respect to any Plan; (d) a determination that any Plan is, or is reasonably expected to be, in “at-risk” status (as defined in Section 303(i)(4) of ERISA or Section 430(i)(4) of the Code), (e) the incurrence by the Company or any ERISA Affiliate of any liability under Title IV of ERISA with respect to the termination of any Plan or the withdrawal or partial withdrawal from any Multiemployer Plan; (f) the receipt by the Company or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to the intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan or the institution by PBGC of proceedings to terminate a Plan; (h) any event or conditions which constitutes grounds under 4042 of ERISA for the termination of, or the appointments of a trustee to administer, any Plan; (i) the receipt by the Company or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Company 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, within the meaning of Title IV of ERISA or in “endangered” or “critical” status, within the meaning of Section 432 of the Code or Section 305 of ERISA; (j) the occurrence of a “prohibited transaction” (as defined in Section 4975 of the Code or Section 406 of ERISA) with respect to which the Company or any ERISA Affiliate is a “disqualified person” (within the meaning of Section 4975 of the Code) or a “party in interest” (within the meaning of Section 406 of ERISA), or with respect to which the Company or any such ERISA Affiliate could otherwise be liable; and (k) failure to comply with the applicable requirements of Sections 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA in respect of any Plan.
“Euro” or “€” shall mean the single currency of the Participating Member States.
“Eurocurrency Borrowing” shall mean a Borrowing comprised of Eurocurrency Loans.

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“Eurocurrency Competitive Loan” shall mean any Competitive Loan bearing interest at a rate determined by reference to the Eurocurrency Rate in accordance with the provisions of Article II.
“Eurocurrency Loan” shall mean any Eurocurrency Competitive Loan or a Eurocurrency Revolving Loan.
“Eurocurrency Rate” shall mean:
(a) for any Interest Period with respect to a Eurocurrency Loan, (i) denominated in US Dollars, Euro, Sterling or Yen, the rate per annum equal to the London Interbank Offered Rate (“LIBOR”) or a comparable or successor rate, which rate is approved by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for deposits in the relevant currency (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period; or (ii) denominated in Canadian dollars, the rate per annum equal to the Canadian Dealer Offered Rate (“CDOR”), as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) at approximately 10:00 a.m., Toronto, Ontario time, on the first day of such Interest Period (or if such day is not a Business Day, then on the immediately preceding Business Day with a term equivalent to such Interest Period); and
(b) for any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to LIBOR, at approximately 11:00 a.m., London time determined two Business Days prior to such date for US Dollar deposits with a term of one month commencing that day;
provided that to the extent a comparable or successor rate is approved by the Administrative Agent in connection herewith, the approved rate shall be applied in a manner consistent with market practice; provided, further that to the extent such market practice is not administratively feasible for the Administrative Agent, such approved rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent.  In no event shall LIBOR or CDOR be less than zero.
“Eurocurrency Revolving Borrowing” shall mean a Borrowing comprised of Eurocurrency Revolving Loans.
“Eurocurrency Revolving Loan” shall mean any Revolving Loan bearing interest at a rate determined by reference to the Eurocurrency Rate in accordance with the provisions of Article II.
“Event of Default” shall have the meaning assigned to such term in Article VI.

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“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.
“Excluded Taxes” shall mean any of the following Taxes imposed on or with respect to the Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case that are (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, US Federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 2.21(b)) or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to Section 2.20, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender acquired the applicable interest in a Loan or Commitment or to such Lender immediately before it changed its lending office, (c) Taxes attributable to such Recipient’s failure to comply with Section 2.20(g) and (d) any US Federal withholding Taxes imposed under FATCA.  For purposes of this definition, a Lender shall be deemed to have acquired its interest in any Revolving Loan at the time it acquired the Commitment pursuant to which it made such Revolving Loan.
“Existing Credit Agreement” shall mean the Four-Year Competitive Advance and Revolving Credit Facility Agreement dated as of January 6, 2012, as amended or modified from time to time, among the Company, the Borrowing Subsidiaries, the Lenders party thereto and Bank of America, N.A., as Administrative Agent.
“Fair Value”, when used with respect to property, shall mean the fair value as determined in good faith by the Board of Directors of the Company.
“FATCA” shall mean Sections 1471 through 1474 of the Code as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof.
“Federal Funds Rate” shall mean, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent.

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“Fees” shall mean the Commitment Fees, the LC Participation Fees and the Administrative Fees.
“Financial Officer” of any corporation shall mean the chief financial officer, principal accounting officer, treasurer, associate or assistant treasurer or director of treasury services of such corporation.
“Fixed Rate Borrowing” shall mean a Borrowing comprised of Fixed Rate Loans.
“Fixed Rate Loan” shall mean any Competitive Loan bearing interest at a fixed percentage rate per annum (the “Fixed Rate”) (expressed in the form of a decimal to no more than four decimal places) specified by the Lender making such Loan in its Competitive Bid.
“GAAP” shall mean generally accepted accounting principles in the United States, applied on a consistent basis.
“Global Tranche Commitment” shall mean, with respect to each Global Tranche Lender, the commitment of such Global Tranche Lender to make Global Tranche Revolving Loans pursuant to Section 2.01(a) and to acquire participations in Global Tranche Letters of Credit hereunder, expressed as an amount representing the maximum aggregate amount of such Global Tranche Lender’s Global Tranche Credit Exposure, as such commitment may be reduced or increased from time to time pursuant to Section 2.12 or assignments by or to such Global Tranche Lender pursuant to Section 9.04.  The initial amount of each Global Tranche Lender’s Global Tranche Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Global Tranche Lender shall have assumed its Global Tranche Commitment, as the case may be.  The aggregate amount of Global Tranche Commitments on the Closing Date is US$1,000,000,000. 
“Global Tranche Credit Exposure” shall mean, with respect to any Global Tranche Lender at any time, the sum of (a) the aggregate amount of the US Dollar Equivalents of such Global Tranche Lender’s outstanding Global Tranche Revolving Loans and (b) such Global Tranche Lender’s Global Tranche LC Exposure.
“Global Tranche LC Disbursement” shall mean an LC Disbursement in respect of a Global Tranche Letter of Credit.
“Global Tranche LC Exposure” shall mean, at any time, the sum of (a) the undrawn amounts of all outstanding Global Tranche Letters of Credit at such time plus (b) the amounts of all Global Tranche LC Disbursements that have not yet been reimbursed by or on behalf of the applicable Borrowers at such time.  The Global Tranche LC Exposure of any Lender at any time shall be its Global Tranche Percentage of the aggregate Global Tranche LC Exposure at such time.  For purposes of determining the Global Tranche LC Exposure at any time, the amount of  any Global Tranche Letter of Credit that, by its terms 

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or the terms of any letter of credit application related thereto, provides for one or more automatic increases in the stated amount thereof shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time.  For all purposes of this Agreement, if on any date of determination a Global Tranche Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.
“Global Tranche Lender” shall mean a Lender with a Global Tranche Commitment or a Global Tranche Credit Exposure.
“Global Tranche Lending Office” shall mean, with respect to any Global Tranche Lender, such office(s) as such Lender (or any Affiliate of such Lender) shall have specified from time to time as its “Global Tranche Lending Office(s)” by notice to the Company and the Administrative Agent.  A Global Tranche Lender may designate different Global Tranche Lending Offices for Loans to Global Tranche Borrowers in different jurisdictions.
“Global Tranche Letter of Credit” shall mean a Letter of Credit designated as such by the Company in accordance with Section 2.06.
“Global Tranche Percentage” shall mean, with respect to any Global Tranche Lender at any time, the percentage of the aggregate Global Tranche Commitments represented by such Global Tranche Lender’s Global Tranche Commitment at such time.  If the Global Tranche Commitments have expired or been terminated, the Global Tranche Percentages shall be determined on the basis of the Global Tranche Commitments most recently in effect, giving effect to any assignments.
“Global Tranche Revolving Loans” shall mean Loans made by the Global Tranche Lenders pursuant to Section 2.01(a).  Each Global Tranche Revolving Loan denominated in US Dollars shall be a Eurocurrency Loan or, at the request of the applicable Borrower as provided herein, a Base Rate Loan.  Each Global Tranche Revolving Loan denominated in an Alternative Currency shall be a Eurocurrency Loan.
“Governmental Authority” shall mean the government of the United States or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank).
“Guaranteed Obligations” shall mean the principal of and interest on the Loans made to, and the due and punctual performance of all other obligations, monetary or otherwise of, the Borrowing Subsidiaries hereunder or under any other Loan Document.

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“Increase Effective Date” shall have the meaning assigned to such term in Section 2.22(b).
“Increasing Lender” shall have the meaning assigned to such term in Section 2.22(a).
“Indebtedness” of any person shall mean all indebtedness representing money borrowed, all obligations of such person evidenced by notes, bonds, debentures or other similar instruments, or the deferred purchase price of property (other than trade accounts payable) or any capitalized lease obligation, which in any case is created, assumed, incurred or guaranteed in any manner by such corporation or for which such corporation is responsible or liable (whether by agreement to purchase indebtedness of, or to supply funds to or invest in, others or otherwise); provided, that solely for purposes of the definition of Consolidated Total Debt, Indebtedness shall exclude Special Securities to the extent of any portion thereof that would not account for greater than 15% of Consolidated Total Capitalization.  
“Indemnified Taxes” shall mean (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of the Company or any other Borrower under any Loan Document and (b) to the extent not otherwise described in (a), Other Taxes.
“Information” shall have the meaning assigned to such term in Section 9.17.
“Initial Borrowing” shall have the meaning assigned to such term in Section 2.22(b).
“Insurance Subsidiaries” shall mean those Subsidiaries set forth on Schedule 1.01 hereto and any future Subsidiaries principally engaged in one or more of the property, casualty, life insurance and financial services businesses.
“Interest Election Request” shall mean a request by a Borrower to convert or continue a Borrowing in accordance with Section 2.05.
“Interest Payment Date” shall mean (a) with respect to any Base Rate Loan, the last Business Day of each March, June, September and December and the Maturity Date; (b) with respect to any Eurocurrency Loan or Fixed Rate Loan, the last day of each Interest Period applicable thereto and, in the case of a Eurocurrency Loan with an Interest Period of more than three months’ duration or a Fixed Rate Loan with an Interest Period of more than 90 days’ duration, each day that would have been an Interest Payment Date for such Loan had successive Interest Periods of three months’ duration or 90 days’ duration, as the case may be, been applicable to such Loan and, in addition, the date of any prepayment of such Loan or conversion of such Loan to a Loan of a different Type or Interest Period.
“Interest Period” shall mean (a) as to any Eurocurrency Borrowing, the period commencing on the date of such Borrowing or on the last day of the immediately 

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preceding Interest Period applicable to such Borrowing, as the case may be, and ending on the numerically corresponding day (or, if there is no numerically corresponding day, on the last day) in the calendar month that is 1, 2, 3 or 6 months thereafter, as the applicable Borrower may elect; and (b) as to any Fixed Rate Borrowing, the period commencing on the date of such Borrowing and ending on the date specified in the Competitive Bids in which the offers to make the Fixed Rate Loans comprising such Borrowing were extended, which shall not be earlier than seven days after the date of such Borrowing or later than 360 days after the date of such Borrowing; provided, however, that 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, in the case of Eurocurrency Borrowings only, 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.  Interest shall accrue from and including the first day of an Interest Period to but excluding the last day of such Interest Period.
“ISP” shall mean, with respect to any Letter of Credit, the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance). 
“Joinder Agreement” shall have the meaning assigned to such term in the Secured Letter of Credit Agreement.
“JPMCB” shall mean JPMorgan Chase Bank, N.A.
“Judgment Currency” shall have the meaning assigned to such term in Section 9.16(b).
“Laws” means, collectively, all international, foreign, Federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law.
“LC Commitment” shall mean (a) in the case of Bank of America, US$50,000,000, (b) in the case of JPMCB, US$50,000,000, (c) in the case of Citi, US$50,000,000 and (d) in the case of any other LC Issuer, the amount set forth in such LC Issuer’s LC Issuer Agreement.
“LC Exposure” means a Global Tranche LC Exposure or a US Tranche LC Exposure.
“LC Disbursement” shall mean a payment made by an LC Issuer pursuant to a Letter of Credit.

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“LC Issuer” shall mean Bank of America, JPMCB, Citi and such other Lenders as may become LC Issuers hereunder from time to time by entering into LC Issuer Agreements with the Company, each in its capacity as an issuer of Letters of Credit hereunder, and the successors of any such person in such capacity as provided in Section 2.06(k).  Any LC Issuer may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such LC Issuer, in which case the term “LC Issuer” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.
“LC Issuer Agreement” shall mean an LC Issuer Agreement between an LC Issuer, the Administrative Agent and the Company substantially in the form of Exhibit E.
“LC Participation Fee” shall have the meaning assigned to such term in Section 2.07(b).
“LC Security Account” shall mean an account established and maintained by a Borrower or a Subsidiary with a Collateral Custodian at an office in the State of New York for the deposit of Collateral, and over which account and all Collateral in such account the Administrative Agent shall have control and the right to issue entitlement orders (as such terms are defined in the Uniform Commercial Code of the State of New York) pursuant to arrangements reasonably satisfactory to the Administrative Agent.
“Lender Affiliate” shall mean, (a) with respect to any Lender, (i) an Affiliate of such Lender or (ii) any 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 of its business and is administered or managed by a Lender or an Affiliate of such Lender and (b) with respect to any Lender that is a fund which 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 by the same investment advisor as such Lender or by an Affiliate of such investment advisor.
“Lenders” shall mean the persons listed on Schedule 2.01 and any other person that shall have become a Lender pursuant to an Assignment and Assumption or Section 2.22, other than any such person that shall have ceased to be a party hereto pursuant to an Assignment and Assumption. 
“Lending Office” shall mean a Global Tranche Lending Office or a US Tranche Lending Office.
“Letter of Credit” shall mean a Global Tranche Letter of Credit or a US Tranche Letter of Credit.
“Letter of Credit Application” shall mean an application and agreement for the issuance, amendment, renewal or extension of a Letter of Credit in the form from time to time in use by the applicable LC Issuer.

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“Letter of Credit Expiration Date” shall mean the date that is the first anniversary of the Maturity Date.
“Lien” shall mean, with respect to any property or asset, any mortgage, deed of trust, lien, pledge, security interest, charge or other encumbrance on, of or in such property or asset.
“Loan” shall mean a Competitive Loan or a Revolving Loan, whether made as a Eurocurrency Loan, a Base Rate Loan or a Fixed Rate Loan, as permitted hereby.
“Loan Documents” shall mean this Agreement, the Borrowing Subsidiary Agreements, any promissory notes issued pursuant to Section 9.04(j), the Secured Letter of Credit Agreement, any Joinder Agreements entered into pursuant to Section 2.06(q) and any LC Issuer Agreements.
“London Banking Day” shall mean any day on which dealings in deposits in the relevant currency are conducted by and between banks in the London interbank market.
“Margin” shall mean, as to any Eurocurrency Competitive Loan, the margin (expressed as a percentage rate per annum in the form of a decimal to no more than four decimal places) to be added to or subtracted from the Eurocurrency Rate in order to determine the interest rate applicable to such Loan, as specified in the Competitive Bid relating to such Loan.
“Margin Regulations” shall mean Regulations T, U and X of the Board as from time to time in effect, and all official rulings and interpretations thereunder or thereof.
“Margin Stock” shall have the meaning given such term under Regulation U of the Board.
“Material Adverse Effect” shall mean a materially adverse effect on the business, assets, operations or condition, financial or otherwise, of the Company and its Subsidiaries taken as a whole.
“Maturity Date” shall mean the earlier of October 31, 2019, and the date of termination in whole of the Commitments pursuant to Section 2.12 or Article VI.
“Moody’s” shall mean Moody’s Investors Service, Inc. or any of its successors.
“Multiemployer Plan” shall mean a multiemployer plan as defined in Section 4001(a)(3) of ERISA to which the Company or any ERISA Affiliate is making or accruing an obligation to make contributions, or has within any of the preceding five plan years made or accrued an obligation to make contributions.
“Non-Defaulting Lender” shall mean, at any time, any Lender that is not a Defaulting Lender at such time.

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“Non-Extension Notice Date” shall have the meaning assigned to such term in Section 2.06(c).
“Non-US Lender” shall have the meaning assigned to such term in Section 2.20(g)(ii)(B).
“Notice of Competitive Bid Request” shall mean a notification made pursuant to Section 2.03(a) in the form of Exhibit A-2 hereto.
“Notice of Objection” shall have the meaning assigned to such term in Section 9.15.
“OFAC” means the Office of Foreign Assets Control of the United States Department of the Treasury.
“Other Connection Taxes” shall mean with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document).
“Other Taxes” shall have the meaning assigned to such term in Section 2.20(b). 
“Participant Register” shall have the meaning set forth in Section 9.04(f).
“Participating Member State” shall mean any member state of the European Union that adopts or has adopted, and has not replaced, the Euro as its lawful currency.
“PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and defined in ERISA or any successor entity performing similar functions.
“person” shall mean any natural person, corporation, business trust, joint venture, association, company, partnership or government, or any agency or political subdivision thereof.
“Plan” shall mean any employee pension benefit plan (other than a Multiemployer Plan) maintained for employees of the Company or any ERISA Affiliate 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 any 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.
“Platform” shall have the meaning assigned to such term in Section 5.03.

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“Preferred Stock”  shall mean any capital stock entitled by its terms to a preference (a) as to dividends or (b) upon a distribution of assets.
“Quarterly Statement” shall mean, with respect to any Restricted Subsidiary, the Quarterly Statement of such Restricted Subsidiary required to be filed with the Applicable Insurance Regulatory Authority in accordance with state law, including any exhibits, schedules, certificates or actuarial opinions filed or delivered therewith.
“Rating Agencies” shall mean Moody’s and S&P.
“Ratings” shall mean the ratings from time to time established by the Rating Agencies for senior, unsecured, non-credit-enhanced long-term debt of the Company.
“Recipient” shall mean (a) the Administrative Agent, (b) any Lender (or Transferee) and (c) any LC Issuer, as applicable.
“Register” shall have the meaning given such term in Section 9.04(d).
“Reportable Event” shall mean any reportable event as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan .
“Required Lenders” shall mean, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing more than 50% of the aggregate Revolving Credit Exposures and unused Commitments at such time; provided that, for all purposes after the Loans become due and payable pursuant to Article VI or the Commitments expire or terminate, the outstanding Competitive Loans of the Lenders shall be included in their respective Revolving Credit Exposures in determining the Required Lenders.
“Responsible Officer” of any corporation shall mean any executive officer or Financial Officer of such corporation, the general counsel or chief legal officer of such corporation and any other officer or similar official of such corporation responsible for the administration of the obligations of such corporation in respect of this Agreement or, solely for purposes of giving notices pursuant to Article II, any other officer or employee of the applicable entity designated in or pursuant to an agreement between the applicable entity and the Administrative Agent.
“Restricted Subsidiary” shall mean any Subsidiary which is incorporated in any state of the United States or in the District of Columbia and which is a regulated insurance company principally engaged in one or more of the property, casualty, life insurance and financial services businesses and which has total assets representing 10% or more of the total assets of the Company and its consolidated Subsidiaries (including such Subsidiary), in each case as set forth on the most recent fiscal year-end balance sheets of such Subsidiary and the Company and its consolidated Subsidiaries, respectively, and computed in accordance with GAAP or SAP.  Such Subsidiary must be designated a Restricted Subsidiary in a notice delivered by the Company and certified by a Responsible Officer to the Administrative Agent for distribution to the Lenders.  In the event that the aggregate total 

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assets of the Restricted Subsidiaries represent less than 80% of the total assets of the Company and its consolidated Subsidiaries, a Responsible Officer shall promptly designate an additional Subsidiary or Subsidiaries (whether or not such Subsidiaries are regulated insurance companies principally engaged in one or more of the property, casualty, life insurance and financial services businesses) as Restricted Subsidiaries in order that, after such designations, the aggregate total assets of the Restricted Subsidiaries represent at least 80% of the total assets of the Company and its consolidated Subsidiaries; provided that all Subsidiaries with total assets of 10% or more of the total assets of the Company and its consolidated Subsidiaries have previously been designated as Restricted Subsidiaries.
“Revaluation Date” shall mean, with respect to any Loan, each of the following:  (i) each date of a Borrowing of a Eurocurrency Loan denominated in an Alternative Currency, (ii) each date of a continuation of a Eurocurrency Loan denominated in an Alternative Currency pursuant to Section 2.05, and (iii) such additional dates as the Administrative Agent shall reasonably determine or the Required Lenders shall require.  
“Revolving Borrowing” shall mean a Global Tranche Revolving Borrowing or a US Tranche Revolving Borrowing.
“Revolving Borrowing Request” shall mean a request made pursuant to Section 2.04 in the form of Exhibit A-5 hereto or such other form as may be approved by the Administrative Agent  (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the applicable Borrower.
“Revolving Credit Exposure” shall mean a Global Tranche Credit Exposure or a US Tranche Credit Exposure.
“Revolving Loan” shall mean a Global Tranche Revolving Loan or a US Tranche Revolving Loan.
“Same Day Funds” shall mean (a) with respect to disbursements and payments in US Dollars, immediately available funds, and (b) with respect to disbursements and payments in an Alternative Currency, same day or other funds as may be determined by the Administrative Agent or the applicable LC Issuer, as the case may be, to be customary in the place of disbursement or payment for the settlement of international banking transactions in the relevant Alternative Currency.
“Sanction(s)” means any international economic sanction administered or enforced by the federal government of the United States (including without limitation, OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority.
“S&P” shall mean Standard and Poor’s Financial Services LLC, a subsidiary of McGraw Hill Financial, Inc. or any of its successors.

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“SAP” shall mean, with respect to any Insurance Subsidiary, the accounting principles and procedures prescribed or permitted by the Applicable Insurance Regulatory Authority applied on a basis consistent with those that are indicated in Section 1.02.
“SEC” shall mean the Securities and Exchange Commission or any of its successors.
“Secured Letter of Credit” shall mean a Letter of Credit designated as such by the Company as provided in Section 2.06(q).
“Secured Letter of Credit Agreement” shall mean a Secured Letter of Credit Agreement substantially in the form of Exhibit F hereto, with such modifications thereto as the Company and the Administrative Agent shall agree upon.
“Special Securities” shall mean (a) redeemable preferred securities and (b) any other securities for which the Company provides evidence satisfactory to the Administrative Agent that such securities are classified, (1) in the case of such securities issued prior to the Effective Date, on the Effective Date, or (2) in the case of such securities issued after the Effective Date, at the time they are issued, as possessing “intermediate equity content” (either strong or adequate) or “high equity content” by S&P (or the equivalent classification then in effect), that, in the case of clauses (a) and (b), are not redeemable, whether mandatorily or at the option of the holder thereof, sooner than the later of (i) the tenth anniversary of the issuance thereof and (ii) the first anniversary of the Maturity Date; provided that for purposes of clause (b) above, the equity credit treatment given by S&P to any such securities outstanding as of the Effective Date shall be deemed to apply to such securities to the extent such securities remain outstanding, irrespective of any change in the equity credit treatment given by S&P to such securities at any time after the Effective Date (and for the avoidance of doubt, any change in the amount or percentage of the equity credit given to any such security outstanding as of the Effective Date that is contemplated in the equity credit treatment given to such security as of the Effective Date, including without limitation any such change resulting from the life to maturity of such security or the amount of all such securities as a percentage of total adjusted capital (as determined by S&P) shall continue to be given effect after the Effective Date for purposes of clause (b) above).
“Spot Rate” for a currency shall mean the rate determined by the Administrative Agent to be the rate quoted by the person acting in such capacity as the spot rate for the purchase by such person of such currency with another currency through its principal foreign exchange trading office at approximately 11:00 a.m. on the date two Business Days prior to the date as of which the foreign exchange computation is made; provided that the Administrative Agent or such LC Issuer may obtain such spot rate from another financial institution designated by the Administrative Agent if the person acting in such capacity does not have as of the date of determination a spot buying rate for any such currency.  
“Standard Letter of Credit” shall mean a Letter of Credit that is not a Secured Letter of Credit.

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“Statement of Actuarial Opinion” shall mean, with respect to the Restricted Subsidiaries, the Statement of Actuarial Opinion required to be filed with the Applicable Insurance Regulatory Authority in accordance with state law or, if such Applicable Insurance Regulatory Authority shall no longer require such a statement, information equivalent to that required to be included in the Statement of Actuarial Opinion that was filed immediately prior to the time such statement was no longer required.
“Sterling” or “£” shall mean the lawful currency of the United Kingdom.
“subsidiary” shall mean, with respect to any person (the “parent”), any corporation, association or other business entity of which securities or other ownership interests representing more than 50% of the ordinary voting power are, at the time as of which any determination is being made, owned or controlled by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent.
“Subsidiary” shall mean a subsidiary of the Company.
“Subsequent Borrowings” shall have the meaning assigned to such term in Section 2.22(b).
“Swap Contract” shall mean (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, emission rights, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other similar master agreement used to document transactions of the type specified in clause (a) (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement; provided that Swap Contracts shall not include (i) any right, option, warrant or other award made under an employee benefit plan, employment contract or other similar arrangement or (ii) any right, warrant or option or other convertible or exchangeable security or other instrument issued by the Company or any Subsidiary or Affiliate of the Company or any Subsidiary for capital raising purposes.
“TARGET2” shall mean the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilizes a single shared platform and which was launched on November 19, 2007.

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“TARGET Day” shall mean any day on which TARGET2 (or, if such payment system ceases to be operative, such other payment system, if any, determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro.
“Taxes” shall mean any and all present or future taxes, levies, imposts, duties, deductions, assessments, fees, withholdings (including backup withholding) or other charges (other than accounting charges that do not require any payment by the Person subject thereto) imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.
“Tranche” shall mean a category of Commitments and extensions of credit thereunder.  For purposes hereof, each of the following shall comprise a separate Tranche: (a) the Global Tranche Commitments, the Global Tranche Revolving Loans and participations in Letters of Credit attributable to the Global Tranche Commitments (the “Global Tranche”) and (b) the US Tranche Commitments, the US Tranche Revolving Loans and participations in Letters of Credit attributable to the US Tranche Commitments (the “US Tranche”).  
“Tranche Percentage” shall mean a Global Tranche Percentage or a US Tranche Percentage.
“Transactions” shall have the meaning assigned to such term in Section 3.02.
“Transferee” shall mean, in respect of any Lender, any transferee or assignee of interests of such Lender, including of a participation in such interests.
“Type”, when used in respect of any Loan or Borrowing, shall refer to the Rate by reference to which interest on such Loan or on the Loans comprising such Borrowing is determined and the currency in which such Loan or the Loans comprising such Borrowing are denominated. For purposes hereof, “Rate” shall include the Eurocurrency Rate, the Base Rate and the Fixed Rate, and currency shall include US Dollars and any Alternative Currency.
“USA Patriot Act” shall mean the USA Patriot Improvement and Reauthorization Act, Title III of Pub. L. 109-177, signed in law March 9, 2009, as amended from time to time.
“US Dollar Equivalent” shall mean, at any time, (a) with respect to any amount denominated in US Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in US Dollars as determined by the Administrative Agent at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of US Dollars with such Alternative Currency.
“US Dollars” or “US$” shall mean the lawful currency of the United States of America.

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“US Person” shall mean any Person that is a “United States Person” as defined in Section 7701(a)(30) of the Code.
“US Tranche Commitment” shall mean, with respect to each US Tranche Lender, the commitment of such US Tranche Lender to make US Tranche Revolving Loans pursuant to Section 2.01(b) and to acquire participations in US Tranche Letters of Credit hereunder, expressed as an amount representing such US Tranche Lender’s maximum US Tranche Credit Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to Section 2.12 or assignments by or to such US Tranche Lender pursuant to Section 9.04.  The initial amount of each US Tranche Lender’s US Tranche Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such US Tranche Lender shall have assumed its US Tranche Commitment, as the case may be.  The aggregate amount of US Tranche Commitments on the Closing Date is US$0.00.
“US Tranche Credit Exposure” shall mean, with respect to any US Tranche Lender at any time, the aggregate amount of (a) such US Tranche Lender’s outstanding US Tranche Revolving Loans and (b) such US Tranche Lender’s US Tranche LC Exposure.
“US Tranche LC Disbursement” shall mean an LC Disbursement in respect of a US Tranche Letter of Credit.
“US Tranche LC Exposure” shall mean, at any time, the sum of (a) the undrawn amounts of all outstanding US Tranche Letters of Credit at such time plus (b) the amounts of all US Tranche LC Disbursements that have not yet been reimbursed by or on behalf of the applicable Borrowers at such time.  The US Tranche LC Exposure of any Lender at any time shall be its US Tranche Percentage of the aggregate US Tranche LC Exposure at such time.  For purposes of determining the US Tranche LC Exposure at any time, the amount of  any US Tranche Letter of Credit that, by its terms or the terms of any Letter of Credit Application related thereto, provides for one or more automatic increases in the stated amount thereof shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time.  For all purposes of this Agreement, if on any date of determination a US Tranche Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.
“US Tranche Lender” shall mean a Lender with a US Tranche Commitment or a US Tranche Credit Exposure.
“US Tranche Lending Office” shall mean, with respect to any US Tranche Lender, such office(s) as such Lender (or any Affiliate of such Lender) shall have specified from time to time as its “US Tranche Lending Office(s)” by notice to the Company and the Administrative Agent.   

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“US Tranche Letter of Credit” shall mean a Letter of Credit designated as such by the Company in accordance with Section 2.06.
“US Tranche Percentage” shall mean, with respect to any US Tranche Lender at any time, the percentage of the aggregate US Tranche Commitments represented by such US Tranche Lender’s US Tranche Commitment at such time.  If the US Tranche Commitments have expired or been terminated, the US Tranche Percentages shall be determined on the basis of the US Tranche Commitments most recently in effect, giving effect to any assignments.
“US Tranche Revolving Loans” shall mean Loans made by the US Tranche Lenders pursuant to Section 2.01(b).  Each US Tranche Revolving Loan shall be a Eurocurrency Loan or a Base Rate Loan.
“Voting Shares” shall mean, as to shares of a particular corporation, outstanding shares of stock of any class of such corporation entitled to vote in the election of directors, excluding shares entitled so to vote only upon the happening of some contingency.
“Withdrawal Liability” shall mean 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 VI of ERISA.
“Yen” or “¥” shall mean the lawful currency of Japan.
SECTION 1.02.    Terms Generally.  The definitions in Section 1.01 shall apply equally to both 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”.  All references herein to Articles, Sections, Exhibits and Schedules shall be deemed references to Articles and Sections of, and Exhibits and Schedules to, this Agreement unless the context shall otherwise require.  Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP or, to the extent such terms apply to an Insurance Subsidiary, SAP, in each case as in effect from time to time; provided that if at any time any change in GAAP or SAP would affect the computation of any requirement set forth in any Loan Document, and either the Borrowers or the Required Lenders shall so request (whether before or at any time after such change), the Administrative Agent, the Lenders and the Borrowers shall negotiate in good faith to amend such requirement to preserve the original intent thereof in light of such change in GAAP or SAP (subject to the approval of the Required Lenders); provided further that, until so amended, such requirement shall continue to be computed in accordance with GAAP or SAP, as applicable, as in effect immediately prior to such change therein.

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ARTICLE II

The Credits
SECTION 2.01.    Commitments.  (a) Global Tranche Commitments.  Subject to the terms and conditions set forth herein, each Global Tranche Lender agrees to make Global Tranche Revolving Loans denominated in US Dollars or any Alternative Currency to the Borrowers from time to time during the Availability Period in principal amounts at any time outstanding that will not result in (i) the aggregate Global Tranche Credit Exposures exceeding the aggregate Global Tranche Commitments, (ii) the Global Tranche Credit Exposure of any Lender exceeding its Global Tranche Commitment or (iii) the sum of the aggregate Revolving Credit Exposures and the aggregate Competitive Loan Exposures exceeding the aggregate Commitments.  Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Global Tranche Revolving Loans.
(b)    US Tranche Commitments.  Subject to the terms and conditions set forth herein, each US Tranche Lender agrees to make US Tranche Revolving Loans denominated in US Dollars to the Borrowers from time to time during the Availability Period in principal amounts at any time outstanding that will not result in (i) the aggregate US Tranche Credit Exposures exceeding the aggregate US Tranche Commitments, (ii) the US Tranche Credit Exposure of any Lender exceeding its US Tranche Commitment or (iii) the sum of the aggregate Revolving Credit Exposures and the aggregate Competitive Loan Exposures exceeding the aggregate Commitments.  Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow US Tranche Revolving Loans.
SECTION 2.02.    Loans and Borrowings.  (a) Each Global Tranche Revolving Loan shall be made as part of a Global Tranche Borrowing consisting of Global Tranche Revolving Loans of the same Type and currency made by the Global Tranche Lenders ratably in accordance with their respective Global Tranche Commitments.  Each US Tranche Revolving Loan shall be made as part of a US Tranche Borrowing consisting of US Tranche Revolving Loans of the same Type made by the US Tranche Lenders ratably in accordance with their respective US Tranche Commitments.  The failure of any Lender to make any Revolving Loan shall not in itself relieve any other Lender of its obligation to lend hereunder (it being understood, however, that no Lender shall be responsible for the failure of any other Lender to make any Loan required to be made by such other Lender).  Each Competitive Loan shall be made in accordance with the procedures set forth in Section 2.03.
(b)    Each Competitive Borrowing shall be comprised entirely of Eurocurrency Competitive Loans or Fixed Rate Loans.  Subject to Section 2.11, (i) each Revolving Borrowing denominated in US Dollars shall be comprised entirely of Eurocurrency Loans or Base Rate Loans and (ii) each Revolving Borrowing denominated in any Alternative Currency shall be comprised entirely of Eurocurrency Loans.  Each Lender 

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at its option may make any Loan or issue any Letter of Credit by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan or issue such Letter of Credit; provided that any exercise of such option shall not affect the obligation of the applicable Borrower to repay such Loan in accordance with the terms of this Agreement.  Borrowings of more than one Type may be outstanding at the same time.  For purposes of the foregoing, Borrowings of different Tranches, denominated in different currencies or having different Interest Periods, regardless of whether they commence on the same date, shall be considered separate Borrowings.
(c)    Each Competitive Borrowing shall be in an aggregate principal amount that is an integral multiple of US$1,000,000 and not less than US$5,000,000.  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 Base Rate Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of US$5,000,000 and not less than US$20,000,000; provided that a Base Rate Borrowing under any Tranche may, subject to Section 2.01(a)(iii) or Section 2.01(b)(iii), as the case may be, be in an aggregate amount that is equal to the entire unused balance of the Commitments under such Tranche or in the amount 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, no Borrower shall 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 Maturity Date.
(e)    Subject to Section 2.05, each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds in the applicable currency to the Administrative Agent’s Office, not later than (i) in the case of a Loan in US Dollars, 12:00 noon, New York City time and (ii) in the case of a Loan in an Alternative Currency, the Applicable Time, and the Administrative Agent shall as promptly as reasonably practicable credit the amounts so received to the account or accounts specified from time to time in one or more notices delivered by the Company to the Administrative Agent; provided that Base Rate Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.06(e) shall be remitted by the Administrative Agent to the applicable LC Issuer.  If a Borrowing shall not occur on the proposed date thereof because any condition precedent herein specified shall not have been met, the Administrative Agent shall return the amounts so received to the respective Lenders.  Competitive Loans shall be made by the Lender or Lenders whose Competitive Bids therefor are accepted pursuant to Section 2.03 in the amounts so accepted.  Revolving Loans shall be made by the Lenders pro rata in accordance with their applicable Commitments as provided in Section 2.17.  Unless the Administrative Agent shall have received notice from a Lender prior to the date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s portion of such Borrowing, the Administrative Agent may assume that such Lender has made such portion available to the Administrative Agent on the date of such Borrowing in accordance with this paragraph (c) and the Administrative 

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Agent may, in reliance upon such assumption, make available to the applicable Borrower on such date a corresponding amount in the required currency.  If and to the extent that such Lender shall not have made such portion available to the Administrative Agent, such Lender and the applicable Borrower severally agree to repay to the Administrative Agent forthwith on demand such corresponding amount together with interest thereon in such currency, for each day from the date such amount is made available to such Borrower until the date such amount is repaid to the Administrative Agent at (i) in the case of such Borrower, the interest rate applicable at the time to the Loans comprising such Borrowing and (ii) in the case of such Lender, the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.  If such Lender shall repay to the Administrative Agent such corresponding amount, such amount shall constitute such Lender’s Loan as part of such Borrowing for purposes of this Agreement.
SECTION 2.03.    Competitive Bid Procedure.  (a) Subject to the terms and conditions set forth herein, from time to time until the earlier of the Maturity Date and the termination of the Commitments, each Borrower may request Competitive Bids and may (but shall not have any obligation to) accept Competitive Bids and borrow Competitive Loans, in each case denominated in US Dollars; provided that, notwithstanding anything to the contrary contained in this Agreement, in no event may Competitive Loans be borrowed if, after giving effect thereto (and to any concurrent repayment or prepayment of Loans), the sum of the aggregate Revolving Credit Exposures and the aggregate Competitive Loan Exposures would exceed the aggregate Commitments then in effect.  In order to request Competitive Bids, a Borrower shall hand deliver or telecopy to the Administrative Agent a duly completed Competitive Bid Request in the form of Exhibit A-1 hereto, to be received by the Administrative Agent (i) in the case of a Eurocurrency Competitive Loan, not later than 11:00 a.m., New York City time, four Business Days before a proposed Competitive Borrowing and (ii) in the case of a Fixed Rate Borrowing, not later than 11:00 a.m., New York City time, one Business Day before a proposed Competitive Borrowing.  No Base Rate Loan shall be requested in, or made pursuant to, a Competitive Bid Request.  A Competitive Bid Request that does not conform substantially to the format of Exhibit A-1 hereto may be rejected in the Administrative Agent’s sole discretion, and the Administrative Agent shall promptly notify the applicable Borrower of such rejection by telecopy.  Each Competitive Bid Request shall refer to this Agreement and specify (x) whether the Borrowing then being requested is to be a Eurocurrency Borrowing or a Fixed Rate Borrowing, (y) the date of such Borrowing (which shall be a Business Day) and the aggregate principal amount thereof, which shall be in a minimum principal amount of US$5,000,000 and in an integral multiple of US$1,000,000, and (z) the Interest Period with respect thereto (which may not end after the Maturity Date).  Promptly after its receipt of a Competitive Bid Request that is not rejected as aforesaid, the Administrative Agent shall telecopy to the Lenders a Notice of Competitive Bid Request inviting the Lenders to bid, on the terms and conditions of this Agreement, to make Competitive Loans.
(b)    Each Lender invited to bid may, in its sole discretion, make one or more Competitive Bids to the applicable Borrower responsive to such Borrower’s 

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Competitive Bid Request.  Each Competitive Bid by a Lender must be received by the Administrative Agent by telecopy, in the form of Exhibit A-3 hereto, (i) in the case of a Eurocurrency Competitive Loan, not later than 10:30 a.m., New York City time, three Business Days before a proposed Competitive Borrowing and (ii) in the case of a Fixed Rate Borrowing, not later than 10:30 a.m., New York City time, on the day of a proposed Competitive Borrowing.  A Lender may submit multiple bids to the Administrative Agent.  Competitive Bids that do not conform substantially to the format of Exhibit A-3 may be rejected by the Administrative Agent, and the Administrative Agent shall notify the Lender making such nonconforming bid of such rejection as soon as practicable.  Each Competitive Bid shall refer to this Agreement and specify (x) the principal amount (which shall be in a minimum principal amount of US$5,000,000 and in an integral multiple of US$1,000,000 and which may equal the entire principal amount of the Competitive Borrowing requested) of the Competitive Loan or Loans that the Lender is willing to make, (y) the Competitive Bid Rate or Rates at which the Lender is prepared to make the Competitive Loan or Loans, and (z) the Interest Period and the last day thereof.  If any Lender invited to bid shall elect not to make a Competitive Bid, such Lender shall so notify the Administrative Agent by telecopy (I) in the case of Eurocurrency Competitive Loans, not later than 10:30 a.m., New York City time, three Business Days before a proposed Competitive Borrowing and (II) in the case of Fixed Rate Loans, not later than 10:30 a.m., New York City time, on the day of a proposed Competitive Borrowing; provided, however, that failure by any Lender to give such notice shall not cause such Lender to be obligated to make any Competitive Loan as part of such Competitive Borrowing.  A Competitive Bid submitted by a Lender pursuant to this paragraph (b) shall be irrevocable.
(c)    The Administrative Agent shall as promptly as practicable notify the applicable Borrower, by telecopy, of all the Competitive Bids made, the Competitive Bid Rate and the principal amount of each Competitive Loan in respect of which a Competitive Bid was made and the identity of the Lender that made each bid.  The Administrative Agent shall send a copy of all Competitive Bids to the applicable Borrower for its records as soon as practicable after completion of the bidding process set forth in this Section 2.03.
(d)    The applicable Borrower may in its sole and absolute discretion, subject only to the provisions of this paragraph (d), accept or reject any Competitive Bid referred to in paragraph (c) above.  The applicable Borrower shall notify the Administrative Agent by telephone, confirmed by telecopy in the form of a Competitive Bid Accept/Reject Letter, whether and to what extent it has decided to accept or reject any of or all the bids referred to in paragraph (c) above not more than one hour after it shall have been notified of such bids by the Administrative Agent pursuant to such paragraph (c); provided, however, that (i) the failure of the applicable Borrower to give such notice shall be deemed to be a rejection of all the bids referred to in paragraph (c) above; (ii) the applicable Borrower shall not accept a bid made at a particular Competitive Bid Rate if it has decided to reject a bid made at a lower Competitive Bid Rate; (iii) the aggregate amount of the Competitive Bids accepted by the applicable Borrower shall not exceed the principal amount specified in the Competitive Bid Request; (iv) if the applicable Borrower shall accept a bid or bids made at a particular Competitive Bid Rate but the amount of such bid or bids shall cause the total 

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amount of bids to be accepted to exceed the amount specified in the Competitive Bid Request, then the applicable Borrower shall accept a portion of such bid or bids in an amount equal to the amount specified in the Competitive Bid Request less the amount of all other Competitive Bids accepted with respect to such Competitive Bid Request, which acceptance, in the case of multiple bids at such Competitive Bid Rate, shall be made pro rata in accordance with the amount of each such bid at such Competitive Bid Rate; and (v) except pursuant to clause (iv) above, no bid shall be accepted for a Competitive Loan unless such Competitive Loan is in a minimum principal amount of US$5,000,000 and an integral multiple of US$1,000,000; provided further, however, that if a Competitive Loan must be in an amount less than US$5,000,000 because of the provisions of clause (iv) above, such Competitive Loan may be for a minimum of US$1,000,000 or any integral multiple thereof, and in calculating the pro rata allocation of acceptances of portions of multiple bids at a particular Competitive Bid Rate pursuant to clause (iv) the amounts shall be rounded to integral multiples of US$1,000,000 in a manner which shall be in the discretion of the applicable Borrower.  A notice given pursuant to this paragraph (d) shall be irrevocable.
(e)    The Administrative Agent shall promptly notify each bidding Lender whether or not its Competitive Bid has been accepted (and if so, in what amount and at what Competitive Bid Rate) by telecopy, and each successful bidder will thereupon become bound, subject to the other applicable conditions hereof, to make the Competitive Loan in respect of which its bid has been accepted.
(f)    If the Administrative Agent shall elect to submit a Competitive Bid in its capacity as a Lender, it shall submit such bid directly to the applicable Borrower one quarter of an hour earlier than the latest time at which the other Lenders are required to submit their bids to the Administrative Agent pursuant to paragraph (b) above.
(g)    All notices required by this Section 2.03 shall be given in accordance with Section 9.01.
SECTION 2.04.    Revolving Borrowing Procedure.  In order to request a Revolving Borrowing, a Borrower shall hand deliver or telecopy to the Administrative Agent’s Office a duly completed Revolving Borrowing Request (i) in the case of a Eurocurrency Revolving Borrowing denominated in US Dollars, not later than 10:30 a.m., New York City time, three Business Days before such Borrowing, (ii) in the case of a Eurocurrency Revolving Borrowing denominated in an Alternative Currency, not later than 10:30 a.m., New York City time, four Business Days before such Borrowing and (iii) in the case of a Base Rate Borrowing (including a Base Rate Borrowing to finance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e)), not later than 10:30 a.m., New York City time, on the day of such Borrowing.  No Fixed Rate Loan shall be requested or made pursuant to a Revolving Borrowing Request.  Such notice shall be irrevocable and shall in each case specify (A) the amount and currency of the Borrowing then being requested, (B) if such Borrowing is to be denominated in US Dollars, whether such Borrowing is to be a Eurocurrency Revolving Borrowing or a Base Rate Borrowing; (C) the date of such Borrowing (which shall be a Business Day) and the amount thereof; 

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and (D) if such Borrowing is to be a Eurocurrency Revolving Borrowing, the Interest Period with respect thereto.  If no election as to the currency of the Borrowing is specified, then the requested Borrowing shall be denominated in US Dollars.  If no election as to the Type of Borrowing is specified for a Borrowing denominated in US Dollars, then the requested Borrowing shall be a Base Rate Borrowing.  If no Interest Period with respect to any Eurocurrency Revolving Borrowing is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration.  Notwithstanding any other provision of this Agreement to the contrary, no Revolving Borrowing shall be requested if the Interest Period with respect thereto would end after the Maturity Date.  The Administrative Agent shall promptly advise each of the Lenders of any notice given pursuant to this Section 2.04 and of each Lender’s portion of the requested Borrowing.
SECTION 2.05.    Interest Elections.  (a) Each Revolving Borrowing initially shall be of the Type specified in the applicable Revolving Borrowing Request and, in the case of a Eurocurrency Borrowing, shall have an initial Interest Period as specified in such Revolving Borrowing Request.  Thereafter, the applicable 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 and on terms consistent with the other provisions of this Agreement.  The Borrower may elect different options with respect to different portions of the applicable affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing and the Loans comprising each such portion shall be considered a separate Borrowing.
(b)    To make an election pursuant to this Section, a Borrower shall notify the Administrative Agent’s Office of such election by telephone by the time and date that a Revolving Borrowing Request would be required under Section 2.04 if such Borrower were requesting a Borrowing of the currency and 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’s Office of a written Interest Election Request in a form approved by the Administrative Agent and signed by a Financial Officer on behalf of the applicable Borrower.  Notwithstanding any other provision of this Section, a Borrower shall not be permitted to (i) change the currency of any Borrowing or (ii) elect an Interest Period for Eurocurrency Loans that does not comply with Section 2.02(d).
(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);

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(ii)    the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day;
(iii) the Type of the resulting Borrowing; and
(iv) if the resulting Borrowing is to be 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 by any such Interest Election Request a Borrower requests a Eurocurrency Borrowing but does not specify an Interest Period, then such Borrower shall be deemed to have selected an Interest Period of one month’s duration.
(d)    Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each affected Lender of the details thereof and of such Lender’s portion of each resulting Borrowing.
(e)    If the applicable 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, (i) in the case of a Eurocurrency Borrowing denominated in US Dollars, such Borrowing shall be converted to a Base Rate Borrowing and (ii) in the case of any other Eurocurrency Borrowing such Borrowing shall become due and payable on the last day of such Interest Period.
(f)    Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Company, then, so long as an Event of Default is continuing (i) no outstanding Borrowing denominated in US Dollars may be converted to or continued as a Eurocurrency Borrowing, (ii) unless repaid, each Eurocurrency Borrowing denominated in US Dollars shall be converted to a Base Rate Borrowing at the end of the Interest Period applicable thereto and (iii) unless repaid, each Eurocurrency Rate Revolving Borrowing denominated in an Alternative Currency shall be continued as a Eurocurrency Rate Borrowing with an Interest Period of one month at the end of the Interest Period applicable thereto.
SECTION 2.06.    Letters of Credit.  (a) General.  (i) Subject to the terms and conditions set forth herein, (A) each LC Issuer agrees, in reliance upon the agreements of the Lenders set forth in this Section 2.06, (1) from time to time on any Business Day until the earlier of the fifth Business Day prior to the Maturity Date and the date of the termination of the Commitments hereunder, to issue Global Tranche Letters of Credit and US Tranche Letters of Credit (and to amend, renew or extend Letters of Credit previously issued by it), in each case denominated in US Dollars (x) for the account of any Borrower or (y) so long as the Company is a co-applicant with respect to such Letter of Credit, for the account of any Subsidiary (and the Company shall be deemed the sole account party in respect of such Letter of Credit for purposes of this Agreement notwithstanding the listing of any Subsidiary 

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as an account party or applicant with respect to such Letter of Credit), and (2) to honor drawings under the Letters of Credit in accordance with the terms of such Letters of Credit; (B) the Global Tranche Lenders severally agree to participate in Global Tranche Letters of Credit issued hereunder and any drawings thereunder and (C) the US Tranche Lenders severally agree to participate in US Tranche Letters of Credit issued hereunder and any drawings thereunder; provided that, notwithstanding anything to the contrary contained in this Agreement, in no event shall a Letter of Credit be issued, amended, renewed or extended if, after giving effect thereto, (v) the aggregate amount of the LC Exposures would exceed US$250,000,000; (w) the portion of the LC Exposure attributable to Letters of Credit issued by the applicable LC Issuer would exceed the LC Commitment of such LC Issuer, provided that, notwithstanding this clause (w), each LC Issuer may elect to issue Letters of Credit in an aggregate amount in excess of its LC Commitment pursuant to an agreement with the Company and the Administrative Agent (the consent of the Administrative Agent not to be unreasonably withheld); (x) in the case of a Global Tranche Letter of Credit, the aggregate Global Tranche Credit Exposures would exceed the aggregate Global Tranche Commitments; (y) in the case of a US Tranche Letter of Credit, the aggregate US Tranche Credit Exposures would exceed the aggregate US Tranche Commitments or (z) the sum of the aggregate Revolving Credit Exposures and the aggregate Competitive Loan Exposures would exceed the aggregate Commitments.  Each request by a Borrower for the issuance, amendment, renewal or extension of a Letter of Credit shall be deemed to be a representation and warranty by such Borrower that such issuance, amendment, renewal or extension of Letter of Credit, as so requested, complies with the conditions set forth in the proviso to the preceding sentence.  Within the foregoing limits, and subject to the terms and conditions hereof, the Borrowers’ ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrowers may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed.
(ii)    An LC Issuer shall not be under any obligation to issue any Letter of Credit if:
(A)     any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain such LC Issuer from issuing such Letter of Credit, or any law applicable to such LC Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such LC Issuer shall prohibit, or request that such LC Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such LC Issuer with respect to such Letter of Credit any restriction, reserve or capital requirement (for which such LC Issuer is not otherwise compensated hereunder) not in effect on the Effective Date, or shall impose upon such LC Issuer any material unreimbursed loss, cost or expense which was not applicable on the Effective Date; 
(B)    the issuance of such Letter of Credit would violate one or more policies of general applicability of such LC Issuer;

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(C)    except as otherwise agreed by the Administrative Agent and such LC Issuer, such Letter of Credit is in an initial stated amount less than US$100,000; or
(D)    such Letter of Credit contains any provisions for automatic reinstatement of the stated amount after any drawing thereunder.
(iii) An LC Issuer shall not amend any Letter of Credit if such LC Issuer would not be permitted at such time to issue such Letter of Credit in its amended form under the terms hereof.
(vi) An LC Issuer shall be under no obligation to amend any Letter of Credit if (A) such LC Issuer would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit.  
(v) An LC Issuer shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and such LC Issuer shall have all of the benefits and immunities (A) provided to the Administrative Agent in Article VIII with respect to any acts taken or omissions suffered by such LC Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and any other documents pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in Article VIII included such LC Issuer with respect to such acts or omissions, and (B) as additionally provided herein with respect to such LC Issuer.
(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 applicable Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the applicable LC Issuer) to the applicable LC Issuer and the Administrative Agent (at least two Business Days in advance of the requested date of issuance, amendment, renewal or extension) a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of such Borrower, 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 account party or parties with respect to such Letter of Credit, the Class of such Letter of Credit, the name and address of the beneficiary thereof, the documents to be presented by such beneficiary in case of any drawing thereunder, the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder and such other information as the LC Issuer may reasonably require to prepare, amend, renew or extend such Letter of Credit.  Additionally, such Borrower also shall furnish to the LC Issuer and the Administrative Agent such other documents and information pertaining to such requested issuance, amendment, renewal or extension of Letter of Credit as the LC Issuer or the Administrative Agent may reasonably require. 

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(c)    Expiration Date.  Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date 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 Letter of Credit Expiration Date; provided that if the applicable Borrower so requests in the applicable Letter of Credit Application, the applicable LC Issuer shall agree to issue a Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”).  Any such Auto-Extension Letter of Credit must permit the LC Issuer to prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day (the “Non-Extension Notice Date”) in each such twelve-month period to be agreed upon at the time such Letter of Credit is issued.  The applicable Borrower shall not be required to make a specific request to the LC Issuer for any such extension.  Once an Auto-Extension Letter of Credit has been issued, the Lenders shall be deemed to have authorized (but may not require) the LC Issuer to permit the extension of such Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date; provided, however, that the LC Issuer shall not permit any such extension (A) beyond the Letter of Credit Expiration Date or (B) if the LC Issuer has determined that it would not be permitted, or would have no obligation, at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the provisions of this Section 2.06 or otherwise).  The Company shall cause any Letter of Credit (including any Secured Letter of Credit) outstanding on or after the date that is five Business Days prior to the Maturity Date to be collateralized by Collateral of the type described in clause (a) of the definition thereof and in accordance with Section 2.06(m) on or prior to such date and for so long as such Letter of Credit is outstanding, provided. however, that such cash collateral shall have an Adjusted Collateral Value at least equal to the portion of the aggregate LC Exposure attributable to such Letter of Credit as of such date.
(d)    Participations.  (i) By the issuance of a Global Tranche Letter of Credit (or an amendment to a Global Tranche Letter of Credit increasing the amount thereof) and without any further action on the part of the applicable LC Issuer or the Global Tranche Lenders, the LC Issuer hereby grants to each Global Tranche Lender, and each Global Tranche Lender hereby acquires from the LC Issuer, a participation in such Letter of Credit equal to such Lender’s Global Tranche Percentage of the aggregate amount available to be drawn under such Letter of Credit.  In consideration and in furtherance of the foregoing, each Global Tranche Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the LC Issuer, such Lender’s Global Tranche Percentage of each LC Disbursement under such Letter of Credit made by the LC Issuer (whether before or after the Maturity Date) and not reimbursed by the applicable Borrower on the date due as provided in paragraph (e) of this Section, or of any reimbursement payment required to be refunded to the applicable Borrower for any reason.  Each Global Tranche Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Global Tranche Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Global Tranche Letter of Credit, the occurrence and continuance of a Default or reduction or termination of the Global Tranche Commitments or any other 

37

occurrence, event or condition, whether or not similar to any of the foregoing, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.
(ii)    By the issuance of a US Tranche Letter of Credit (or an amendment to a US Tranche Letter of Credit increasing the amount thereof) and without any further action on the part of the applicable LC Issuer or the US Tranche Lenders, the LC Issuer hereby grants to each US Tranche Lender, and each US Tranche Lender hereby acquires from the LC Issuer, a participation in such Letter of Credit equal to such Lender’s US Tranche Percentage of the aggregate amount available to be drawn under such Letter of Credit.  In consideration and in furtherance of the foregoing, each US Tranche Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the LC Issuer, such Lender’s US Tranche Percentage of each LC Disbursement under such Letter of Credit made by the LC Issuer (whether before or after the Maturity Date) and not reimbursed by the applicable Borrower on the date due as provided in paragraph (e) of this Section, or of any reimbursement payment required to be refunded to the applicable Borrower for any reason.  Each US Tranche Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of US Tranche Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any US Tranche Letter of Credit, the occurrence and continuance of a Default or reduction or termination of the US Tranche Commitments or any other occurrence, event or condition, whether or not similar to any of the foregoing, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.
(iii)     Each Lender acknowledges and agrees that its obligation to acquire participations pursuant to this clause (d) in respect of Global Tranche Letters of Credit or US Tranche Letters of Credit, as applicable, is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit, the occurrence and continuance of a Default or Event of Default, any reduction or termination of the Commitments or any fluctuation in currency values, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.  Each Lender further acknowledges and agrees that, in issuing, amending, renewing or extending any Letter of Credit, the applicable LC Issuer shall be entitled to rely, and shall not incur any liability for relying, upon the representations and warranties of the applicable Borrower made pursuant to Section 4.01 unless, at least one Business Day prior to the time such Letter of Credit is issued, amended, renewed or extended (or, in the case of an automatic renewal permitted pursuant to paragraph (c) of this Section, at least one Business Day prior to the time by which the election not to extend must be made by the applicable LC Issuer), a majority in interest of the Lenders that would acquire participations in such Letter of Credit pursuant to this clause (d) shall have notified such LC Issuer (with a copy to the Administrative Agent) in writing that, as a result of one or more events or circumstances described in such notice, one or more of the conditions precedent set forth in Section 4.01(b) or 4.01(c) would not be satisfied if such Letter of Credit were then issued, amended, renewed or extended (it being understood and agreed 

38

that, in the event any LC Issuer shall have received any such notice, it shall have no obligation to issue, amend, renew or extend any Letter of Credit until and unless it shall be satisfied that the events and circumstances described in such notice shall have been cured or otherwise shall have ceased to exist).
(e)    Reimbursement.  If an LC Issuer shall make any LC Disbursement in respect of a Letter of Credit, the applicable Borrower shall reimburse such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement not later than 12:00 noon, New York City time, (i) on the Business Day immediately following the day on which such Borrower receives notice of such LC Disbursement, if such notice is received prior to or at 12:00 noon, New York City time, on the day of receipt, or (ii) two Business Days after the day on which such Borrower receives such notice, if such notice is received after 12:00 noon, New York City time, on the day of receipt; provided that the applicable Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.04 that such payment be financed with a Base Rate Borrowing in an equivalent amount and, to the extent so financed, the obligation of such Borrower to make such payment shall be discharged and replaced by the resulting Base Rate Borrowing.  If the applicable Borrower fails to make such payment when due, the Administrative Agent shall notify each applicable Lender of the applicable LC Disbursement, the payment then due from such Borrower in respect thereof and such Lender’s Global Tranche Percentage or US Tranche Percentage, as applicable, thereof.  Promptly following receipt of such notice, each Global Tranche Lender or US Tranche Lender, as applicable, shall pay to the Administrative Agent its Global Tranche Percentage or US Tranche Percentage of the payment then due from such Borrower, in the same manner as provided in Section 2.02(e) with respect to Loans made by such Lender (and Section 2.02(e) shall apply, mutatis mutandis, to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to the LC Issuer the amounts so received by it from the Lenders.  Promptly following receipt by the Administrative Agent of any payment from the applicable Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the LC Issuer or, to the extent that Lenders have made payments pursuant to this paragraph to reimburse the LC Issuer, then to such Lenders and the LC Issuer as their interests may appear.  Any payment made by a Lender pursuant to this paragraph to reimburse the LC Issuer for any LC Disbursement (other than the funding of Base Rate Loans as contemplated above) shall not constitute a Loan and shall not relieve the applicable Borrower of its obligation to reimburse such LC Disbursement.
(f)    Obligations Absolute.  The obligations of the applicable Borrowers 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, including the following: 
(i) any lack of validity or enforceability of any Letter of Credit, this Agreement, or any other Loan Document;

39

(ii)    the existence of any claim, counterclaim, setoff, defense or other right that any Borrower or any Subsidiary may have at any time against any beneficiary or any transferee of any Letter of Credit (or any person for whom any such beneficiary or any such transferee may be acting), the LC Issuer or any other person, whether in connection with this Agreement, the transactions contemplated hereby or by any Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; 
(iii) any draft, demand, certificate or other document presented under any Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under any Letter of Credit;
(iv)     any payment by an LC Issuer under any Letter of Credit against presentation of a draft or certificate that does not strictly comply with the terms of such Letter of Credit; or any payment made by an LC Issuer under any Letter of Credit to any person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of any Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; or
(v)    any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Borrower or any Subsidiary.
(g)    Role of LC Issuers.  Each Lender and each Borrower agrees that, in making any LC Disbursement, no LC Issuer shall have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the person executing or delivering any such document.  None of the LC Issuers, the Administrative Agent, any of their respective Affiliates, any partners, directors, officers, employees, agents and advisors of the foregoing nor any correspondent, participant or assignee of any LC Issuer shall be liable to any Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any action taken or omitted in the absence of gross negligence or willful misconduct, as determined by a final and nonappealable judgment of a court of competent jurisdiction; or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Letter of Credit Application.  Each Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude each Borrower’s pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement.  None of the LC Issuers, the Administrative Agent, any of their respective Affiliates, any partners, directors, officers, employees, agents and advisors of the foregoing 

40

or any correspondent, participant or assignee of any LC Issuer shall be liable or responsible for any of the matters described in clauses (i) through (v) of Section 2.06(f); provided, however, that anything in such clauses to the contrary notwithstanding, the applicable Borrower may have a claim against an LC Issuer, and an LC Issuer may be liable to such Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by such Borrower which such Borrower proves were caused by the LC Issuer’s willful misconduct or gross negligence or the LC Issuer’s willful failure to pay under any Letter of Credit issued for its account after the presentation to it by the beneficiary of a sight draft and any certificate strictly complying with the terms and conditions of a Letter of Credit.  In furtherance and not in limitation of the foregoing, an LC Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation, and the LC Issuer shall not be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason.
(h)    Disbursement Procedures.  Each LC Issuer shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit issued by it.  The LC Issuer shall promptly notify the Administrative Agent and the applicable Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the LC Issuer has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve such Borrower of its obligation to reimburse the LC Issuer and the Lenders with respect to any such LC Disbursement at the time it is required to do so under paragraph (e) of this Section.
(i)    Interim Interest.  If an LC Issuer shall make any LC Disbursement, then, unless the applicable 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 on which such LC Disbursement is made to but excluding the date on which such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that, if such Borrower fails to reimburse such LC Disbursement (including with the proceeds of a Base Rate Borrowing) at the time required under paragraph (e) of this Section, then Section 2.10 shall apply.  Interest accrued pursuant to this paragraph shall be for the account of the applicable LC Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (e) of this Section to reimburse the LC Issuer shall be for the account of such Lender to the extent of such payment.
(j)    Replacement of LC Issuers.  Each LC Issuer may be replaced at any time by written agreement among the Company, the Administrative Agent, the replaced LC Issuer and the successor LC Issuer.  The Administrative Agent shall notify the Lenders of any such replacement of an LC Issuer.  At the time any such replacement shall become effective, each Borrower shall pay all unpaid fees accrued for the account of the replaced LC Issuer pursuant to Section 2.07(c).  From and after the effective date of any such 

41

replacement, (i) the successor LC Issuer shall have all the rights and obligations of an LC Issuer under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “LC Issuer” shall be deemed to refer to such successor or to any previous LC Issuer, or to such successor and all previous LC Issuers, as the context shall require.  After the replacement of an LC Issuer hereunder, the replaced LC Issuer shall remain a party hereto and shall continue to have all the rights and obligations of an LC Issuer 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. 
(k)    Designation of Additional LC Issuers.  From time to time, the Company may by notice to the Administrative Agent and the Lenders designate as additional LC Issuers one or more Lenders (or Affiliates of Lenders) that agree to serve in such capacity as provided below.  The acceptance by a Lender (or an Affiliate of a Lender) of any appointment as an LC Issuer hereunder shall be evidenced by an LC Issuer Agreement, which shall be executed by such Lender (or Affiliate), the Company and the Administrative Agent and, from and after the effective date of such agreement, (i) such Lender (or Affiliate) shall have all the rights and obligations of an LC Issuer under this Agreement and the other Loan Documents and (ii) references herein and in the other Loan Documents to the term “LC Issuer” shall be deemed to include such Lender in its capacity as an LC Issuer.
(l)    LC Issuer Reports.  Unless otherwise agreed by the Administrative Agent, each LC Issuer shall report in writing to the Administrative Agent (i) on or prior to each Business Day on which such LC Issuer issues, amends, renews or extends any Letter of Credit, the date of such issuance, amendment, renewal or extension, and the Class, currency and aggregate face amount of the Letters of Credit issued, amended, renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension (and whether the amount thereof shall have changed), it being agreed that such LC Issuer shall not effect any issuance, renewal, extension or amendment resulting in an increase in the amount of any Letter of Credit without first obtaining confirmation from the Administrative Agent that such increase is then permitted under this Agreement, (ii) on each Business Day on which such LC Issuer makes any LC Disbursement, the Class of such LC Disbursement and the date and amount of such LC Disbursement, (iii) on any Business Day on which a Borrower fails to reimburse an LC Disbursement required to be reimbursed to such LC Issuer on such day, the date of such failure and the Class and amount of such LC Disbursement and (iv) on any other Business Day, such other information as the Administrative Agent shall reasonably request as to the Letters of Credit issued by such LC Issuer; provided that no such report shall be required if the LC Issuer or its Affiliate is also acting as the Administrative Agent.
(m)    Cash Collateralization.  If any Event of Default under clause (b) or (c) of Article VI shall occur and be continuing, or if the Administrative Agent, at the request of the Required Lenders, shall have accelerated the maturity of the Loans pursuant to Article VI, then, on the Business Day that the applicable Borrower receives notice from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Lenders with LC Exposures representing greater than 50% of the total LC 

42

Exposures) demanding the deposit of cash collateral pursuant to this paragraph, the applicable 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 equal to (i) the aggregate amount of the LC Exposures as of such date attributable to Letters of Credit issued for the account of such Borrower plus any accrued and unpaid interest thereon minus (ii) any amount of the LC Exposures secured by Collateral on deposit in any LC Security Account, but only to the extent the aggregate Collateral Value of such Collateral is at least equal to such amount of the related LC Exposure; provided that the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to any Borrower described in clause (g) or (h) of Article VI.  Such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the applicable 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 in money market investments at the option and sole discretion of the Administrative Agent and at the risk and expense of the applicable Borrower, such deposits shall not bear interest.  Interest or profits, if any, on such investments shall accumulate in such account.  Moneys in such account shall be applied by the Administrative Agent to reimburse the LC Issuers for LC Disbursements for which they have not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the applicable Borrower for the LC Exposures at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of Lenders with LC Exposures  representing greater than 50% of the total LC Exposures), be applied to satisfy other obligations of the applicable Borrower under this Agreement.  If the applicable 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 such Borrower within three Business Days after all Events of Default have been cured or waived.
(n)    Applicability of ISP.  Unless otherwise expressly agreed by the LC Issuer and the applicable Borrower when a Letter of Credit is issued, the rules of the ISP shall apply to each standby Letter of Credit.
(o)    Conflict with Letter of Credit Applications.  Notwithstanding anything else to the contrary in this Agreement, in the event of any conflict between the terms and conditions hereof and the terms and conditions of any Letter of Credit Application or other agreement submitted by the applicable Borrower to, or entered into by the applicable Borrower with, an LC Issuer related to any Letter of Credit, the terms and conditions hereof shall control.  No provision of any Letter of Credit Application shall have the effect of imposing on the Company any obligations in respect of the reimbursement of LC Disbursements in excess of those set forth in this Agreement.
(p)    Letter of Credit Issued for Subsidiaries.  The Company unconditionally and irrevocably agrees that, in connection with any Letter of Credit 

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requested by it for the account of any Subsidiary under Section 2.06(a), the Company will be fully responsible for the reimbursement of LC Disbursements, the payment of interest thereon and the payment of LC Participation Fees and other fees due under Section 2.07(c) to the same extent as if it were the sole account party in respect of such Letter of Credit requested by it (the Company hereby irrevocably waiving any defense that might otherwise be available to it as a guarantor of the obligations of any Subsidiary that shall be a joint account party in respect of any such Letter of Credit).  The Company acknowledges that the issuance of such Letters of Credit inures to the benefit of the Company, and that the business of the Company derives substantial benefits from the business of each such Subsidiary.
(q)    Secured Letters of Credit.  The Company may from time to time designate any Letter of Credit issued at its request for the account of a Subsidiary (as contemplated by paragraph (a) of this Section) as a Secured Letter of Credit by written notice to the Administrative Agent and the applicable LC Issuer; provided that at the time of or prior to such designation (A) the Company shall have executed and delivered to the Administrative Agent a Secured Letter of Credit Agreement and (B) the Company shall have caused the applicable Subsidiary to (1) execute and deliver to the Administrative Agent a Joinder Agreement under which it shall become a party to the Secured Letter of Credit Agreement and (2) deliver, pursuant to such Secured Letter of Credit Agreement and for deposit in such LC Security Account as the Administrative Agent shall specify, as security for the reimbursement of LC Disbursements under such Secured Letter of Credit and the payment of accrued interest thereon, Collateral with an aggregate Adjusted Collateral Value at least equal to the portion of the LC Exposure attributable to such Secured Letter of Credit.  If any drawing shall be made under a Secured Letter of Credit then, unless the applicable Subsidiary (or the Company) shall have reimbursed such LC Disbursement directly, the Administrative Agent shall liquidate Collateral deposited by such Subsidiary in the applicable LC Security Account and apply the proceeds thereof to reimburse the applicable LC Issuer or the Lenders, as the case may be, for such LC Disbursement and any interest accrued thereon; provided that the Company shall remain fully obligated for any portion of any such LC Disbursement for which the LC Issuer or the Lenders shall not be reimbursed through the application of Collateral or proceeds thereof as provided herein, whether as a result of any insufficiency of such Collateral, any defect in the rights of the Administrative Agent with respect thereto or otherwise.  In the event that any Secured Letter of Credit is cash collateralized as required by the last sentence of Section 2.06(c), then any non-cash Collateral provided for such Secured Letter of Credit under this paragraph (q) shall be released by the Administrative Agent to the applicable Subsidiary and such Secured Letter of Credit shall thenceforth be a Standard Letter of Credit.  
SECTION 2.07.    Fees.  (a) The Company agrees to pay to the Administrative Agent for the account of each Lender a commitment fee (a “Commitment Fee”), which shall accrue at the Applicable Commitment Fee Rate on the daily unused amount of each Commitment of such Lender during the period from and including the date hereof to but excluding the date on which such Commitment terminates.  Accrued Commitment Fees shall be payable in arrears on the last Business Day of March, June, September and December of each year and on the date on which such Commitment 

44

terminates, commencing on the first such date to occur after the date hereof.  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, the Commitment of either Class of a Lender shall be deemed to be used to the extent of the outstanding Revolving Loans of such Class and the LC Exposure of such Class of such Lender (and any Competitive Loans shall be disregarded for such purpose).
(b)    Each Borrower agrees to pay (i) to the Administrative Agent, for the account of each Lender, a participation fee with respect to such Lender’s participations in Letters of Credit issued at the request of such Borrower (the “LC Participation Fee”), accruing at the Applicable Percentages applicable to such Letters of Credit on the daily amounts of such Lender’s LC Exposures (excluding any portion thereof attributable to unreimbursed LC Disbursements) attributable to such Letters of Credit during the period from and including the Effective Date to but excluding the later of the date on which such Lender’s Commitments terminate and the date on which such Lender ceases to have any LC Exposure, and (ii) to each LC Issuer (A) a fronting fee, which shall accrue at the rate or rates per annum separately agreed upon between the Borrowers and such LC Issuer on the average daily amount of the LC Exposures attributable to Letters of Credit issued by such LC Issuer at the request of such Borrower (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to but excluding the later of the date of termination of the Commitments and the date on which there ceases to be any LC Exposure, and (B) such LC Issuer’s standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit issued at the request of such Borrower or processing of drawings thereunder.  LC Participation Fees and fronting fees shall be (i) computed on a quarterly basis in arrears and (ii) due and payable on the first Business Day after the end of each March, June, September and December, commencing on the first such date to occur after the Effective Date; provided that any such fees accruing (A) after the first to occur of (x) the Letter of Credit Expiration Date and (y) the termination of the Commitments pursuant to Section 2.12(b) or Article VI or (B) during the continuance of any Event of Default, shall be payable on demand.  Any other fees payable to the LC Issuers pursuant to this paragraph shall be payable on demand.  All LC Participation Fees and fronting fees shall be computed on the basis of a year of 360 days, and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day).
(c)    The Company agrees to pay to the Administrative Agent, for its own account, the administrative and other fees separately agreed to by the Company and the Administrative Agent (the “Administrative Fees”).
(d)    All Fees shall be paid on the dates due, in immediately available funds, to the Administrative Agent for distribution, if and as appropriate, among the Lenders, except that the Administrative Fees shall be paid pursuant to paragraph (c) above.  Once paid, none of the Fees shall be refundable under any circumstances.

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SECTION 2.08.    Repayment of Loans; Evidence of Debt.  (a) Each Borrower hereby agrees that the outstanding principal balance of each Revolving Loan shall be payable on the Maturity Date and that the outstanding principal balance of each Competitive Loan shall be payable on the last day of the Interest Period applicable thereto.  Each Loan shall bear interest on the outstanding principal balance thereof as set forth in Section 2.09.
(b)    Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness to such Lender resulting from each Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.
(c)    The Administrative Agent shall (i) maintain accounts in which it will record (A) the amount of each Loan made hereunder, the currency of each Loan, the Borrower of each Loan, the Type of each Loan made and the Interest Period applicable thereto; (B) the amount of any principal or interest due and payable or to become due and payable from each Borrower to each Lender hereunder; and (C) the amount of any sum received by the Administrative Agent hereunder from each Borrower and each Lender’s share thereof and (ii) provide a summary to the Company in writing on a quarterly basis.
(d)    The entries made in the accounts maintained pursuant to paragraphs (b) and (c) of this Section 2.08 shall, to the extent permitted by applicable law, be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrowers to repay the Loans in accordance with their terms.
SECTION 2.09.    Interest on Loans.  (a) Subject to the provisions of Section 2.10, the Loans comprising each Eurocurrency Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days (or 365 days in the case of Eurocurrency Loans denominated in Sterling)) at a rate per annum equal to (i) in the case of each Eurocurrency Revolving Loan, the Eurocurrency Rate for the Interest Period in effect for such Borrowing plus the Applicable Percentage for Eurocurrency Loans from time to time in effect; and (ii) in the case of each Eurocurrency Competitive Loan, the Eurocurrency Rate for the Interest Period in effect for such Borrowing plus the Margin offered by the Lender making such Loan and accepted by the applicable Borrower pursuant to Section 2.03.
(b)    Subject to the provisions of Section 2.10, the Loans comprising each Base Rate Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be) at a rate per annum equal to the Base Rate plus the Applicable Percentage for Base Rate Loans.
(c)    Subject to the provisions of Section 2.10, each Fixed Rate Loan shall bear interest at a rate per annum (computed on the basis of the actual number of days elapsed 

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over a year of 360 days) equal to the fixed rate of interest offered by the Lender making such Loan and accepted by the applicable Borrower pursuant to Section 2.03.
(d)    Interest on each Loan shall be payable in arrears on each Interest Payment Date applicable to such Loan except as otherwise provided in this Agreement.  The applicable Eurocurrency Rate, Eurocurrency Rate or Base Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.
SECTION 2.10.    Default Interest.  If a Borrower shall default in the payment of the principal of or interest on any Loan or any other amount becoming due hereunder, whether by scheduled maturity, notice of prepayment, acceleration or otherwise, such Borrower shall on demand from time to time from the Administrative Agent pay interest, to the extent permitted by law, on such defaulted amount up to (but not including) the date of actual payment (after as well as before judgment) at the rate per annum (computed as provided in Section 2.09(b)) at the time applicable to Base Rate Loans plus 2% per annum.
SECTION 2.11.    Alternate Rate of Interest.  In the event, and on each occasion, that on the day two Business Days prior to the commencement of any Interest Period for a Eurocurrency Borrowing, the Administrative Agent shall have commercially reasonably determined (i) that deposits in the currency and principal amounts of the Eurocurrency Loans comprising such Borrowing are not generally available in the London interbank market or (ii) that reasonable means do not exist for ascertaining the Eurocurrency Rate, then the Administrative Agent shall give notice thereof to the applicable Borrower and the Lenders by telecopy as promptly as practicable thereafter and, until the Administrative Agent notifies the applicable 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 Revolving Borrowing to, or continuation of any Revolving Borrowing as, an affected Eurocurrency Borrowing shall be ineffective, (ii) any affected Eurocurrency Borrowing shall (A) if denominated in US Dollars, be continued as a Base Rate Borrowing, or (B) otherwise, bear interest, from and after the end of the immediately preceding Interest Period applicable thereto, at the rate per annum determined by the Administrative Agent to be representative of the Lenders’ cost of funding the applicable Loans (with the applicable Borrower and each Lender agreeing that the Administrative Agent may make such determination in any manner it determines is reasonable, and that such determination shall be conclusive) plus the Applicable Percentage and (iii) any Borrowing Request for an affected Eurocurrency Borrowing shall (A) in the case of a Borrowing denominated in US Dollars, be deemed to be a request for a Base Rate Borrowing or (B) in all other cases, be ineffective.  Each determination by the Administrative Agent hereunder shall be made in good faith and shall be conclusive absent manifest error.
SECTION 2.12.    Termination and Reduction of Commitments.  (a) The Commitments shall be automatically terminated on the Maturity Date.
(b)    Upon at least three Business Days’ prior irrevocable telecopy notice to the Administrative Agent, the Company may at any time in whole permanently terminate, or from time to time in part permanently reduce, the Commitments of any Class; provided, 

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however, that (i) each partial reduction of the Commitments of a Class shall be in an integral multiple of US$10,000,000 and in a minimum principal amount of US$50,000,000, (ii) no such termination or reduction shall be made (A) which would reduce the aggregate Commitments of a Class to an amount less than the sum of the aggregate Revolving Credit Exposures of such Class, (B) which would reduce the aggregate Commitments to an amount less than the sum of the aggregate Revolving Credit Exposures and the aggregate Competitive Loan Exposures or (C) which would reduce any Lender’s Commitment of a Class to an amount that is less than such Lender’s Revolving Credit Exposure of such Class and (iii) any such notice of termination of the Commitments of any Class may state that such notice is conditioned upon the effectiveness of other credit facilities or the closing of other transactions, in which case such notice may be revoked or the effectiveness thereof extended by the Company (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied.
(c)    Each reduction in the Commitments of a Class hereunder shall be made ratably among the Lenders of such Class in accordance with their respective Commitments of such Class.  The Company shall pay to the Administrative Agent for the account of the Lenders, on the date of each reduction or termination of any Commitments, the Commitment Fees on the amount of the Commitments terminated accrued through the date of such termination or reduction.
SECTION 2.13.    Prepayment.  (a) Each Borrower shall have the right at any time and from time to time to prepay any Revolving Borrowing, in whole or in part, upon giving telecopy notice (or telephone notice promptly confirmed by telecopy) to the Administrative Agent’s Office: (i) before the Applicable Time specified by the Administrative Agent, three Business Days prior to prepayment, in the case of Eurocurrency Revolving Loans; and (ii) before 10:00 a.m., New York City time, one Business Day prior to prepayment, in the case of Base Rate Loans; provided, however, that (A) each partial prepayment shall be in an amount which is an integral multiple of the Borrowing Multiple and not less than the Borrowing Minimum and (B) any such notice of prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities or the closing of other transactions, in which case such notice may be revoked or the effectiveness thereof extended by the applicable Borrower (by notice to the Administrative Agent on or prior to the specified prepayment date) if such condition is not satisfied.  No prepayment may be made in respect of any Competitive Borrowing.
(b)    On the date of any termination or reduction of the Commitments of a Class pursuant to Section 2.12, the Borrowers shall pay or prepay so much of the Revolving Borrowings as shall be necessary in order that, after giving effect to such termination or reduction, (i) the Revolving Credit Exposures of such Class will not exceed the aggregate Commitments of such Class and (ii) the sum of the Competitive Loan Exposures and Revolving Credit Exposures will not exceed the aggregate Commitments.
(c)    If the aggregate Revolving Credit Exposures of a Class shall exceed the total Commitments of such Class, then (i) if any Revolving Borrowings of such Class 

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shall be outstanding, then, (A) on the last day of any Interest Period for any Eurocurrency Revolving Borrowing of such Class and (B) on each other day on which any Base Rate Revolving Borrowing of such Class shall be outstanding, the Borrowers shall prepay such Revolving Borrowings in an aggregate amount equal to the lesser of (x) the amount necessary to eliminate such excess (after giving effect to any other prepayment of Loans on such day) and (y) the amount of the applicable Borrowings referred to in clause (A) or (B), as applicable, and (ii) if no Revolving Borrowings of such Class are outstanding, deposit cash collateral in an account with the Administrative Agent pursuant to Section 2.06(m) in an aggregate amount equal to the lesser of (A) the amount equal to such excess and (B) the aggregate amount of the LC Exposures of such Class.  If the total Revolving Credit Exposure of a Class on the last day of any month shall exceed 105% of the total Commitments of such Class, then the Borrowers shall, not later than the next Business Day, prepay one or more Revolving Borrowings of such Class (and, if no Revolving Borrowings of such Class are outstanding, deposit cash collateral in an account with the Administrative Agent pursuant to Section 2.06(m)) in the amount necessary to eliminate such excess.
(d)    Each notice of prepayment shall specify the prepayment date and the principal amount of each Borrowing (or portion thereof) to be prepaid, shall be irrevocable and shall commit the applicable Borrower to prepay such Borrowing (or portion thereof) by the amount stated therein on the date stated therein.  All prepayments under this Section 2.13 shall be subject to Section 2.16 but otherwise without premium or penalty.  All prepayments of Eurocurrency Revolving Loans shall be accompanied by accrued interest on the principal amount being prepaid to the date of payment.
SECTION 2.14.    Reserve Requirements; Change in Circumstances.  (a)Notwithstanding any other provision herein, if after the Effective Date any Change in Law shall: 
(i)    impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets or liabilities (including “eurocurrency liabilities” as defined in Regulation D of the Board) of, deposits with or for the account of, or credit extended or participated in by, any Lender or LC Issuer; 
(ii)    impose on any Lender or LC Issuer or the London interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement or Loans made by such Lender or any Letter of Credit or participations by such Lender therein; or
(iii)     subject any Lender or LC Issuer to any Taxes (other than Indemnified Taxes or Excluded Taxes) on its loans, loan principal, letters of credit, commitments or other obligations, or on its deposits, reserves, other liabilities or capital attributable thereto;
and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any Loan or to increase the cost to such Lender or any LC Issuer of 

49

participating in, issuing or maintaining any Letter of Credit or to reduce the amount of any sum received or receivable by such Lender or LC Issuer hereunder (whether of principal, interest or otherwise) by an amount reasonably deemed by such Lender or LC Issuer, as the case may be, to be material, then such additional amount or amounts as will compensate such Lender or LC Issuer, as the case may be, for such additional costs or reduction will be paid by the applicable Borrower (or, if such amount is not attributable to any particular Borrower, the Company) to such Lender or LC Issuer upon demand.  Notwithstanding the foregoing, no Lender shall be entitled to request compensation under this paragraph with respect to any Competitive Loan if the Change in Law giving rise to such request was applicable to such Lender at the time of submission of the Competitive Bid pursuant to which such Competitive Loan was made and such Lender shall have been aware of the additional cost of making such Competitive Loan resulting therefrom.
(b)    If any Lender or LC Issuer shall have determined that any Change in Law regarding capital adequacy or liquidity has or would have the effect of reducing the rate of return on (i) the capital of such Lender or LC Issuer or the holding company of such Lender or LC Issuer, as the case may be, as a consequence of this Agreement, such Lender’s Commitments the Loans made by or participations in Letters of Credit held by such Lender, or the Letters of Credit issued by such LC Issuer, pursuant hereto to a level below that which such Lender or LC Issuer or the holding company of such Lender or LC Issuer, as the case may be, could have achieved but for such adoption, change or compliance (taking into consideration such Lender’s or LC Issuer’s policies and the policies of the holding company of such Lender or LC Issuer with respect to capital adequacy) by an amount reasonably deemed by such Lender or LC Issuer, as the case may be, to be material, then from time to time such additional amount or amounts as will compensate such Lender or LC Issuer or the holding company of such Lender or LC Issuer for such reduction will be paid by the applicable Borrower (or, if such amount is not attributable to any particular Borrower, the Company) to such Lender or LC Issuer, as the case may be.
(c)    A certificate of any Lender or LC Issuer setting forth such amount or amounts as shall be necessary to compensate such Lender or LC Issuer or its holding company, as applicable, as specified in paragraph (a) or (b) above, as the case may be, shall be delivered to the Company and shall be conclusive absent manifest error.  The applicable Borrower (or, if such amount is not attributable to any particular Borrower, the Company) shall pay such Lender or LC Issuer, as the case may be, the amount shown as due on any such certificate delivered by it within 10 days after its receipt of the same.
(d)    Failure on the part of any Lender or LC Issuer to demand compensation for any increased costs or reduction in amounts received or receivable or reduction in return on capital with respect to any period shall not constitute a waiver of such Lender’s or LC Issuer’s right to demand compensation with respect to such period or any other period; provided, however, that no Lender or LC Issuer shall be entitled to compensation under this Section 2.14 for any costs incurred or reductions suffered more than 90 days prior to the date that such Lender or LC Issuer, as the case may be, notifies the Company of the Change in Law giving rise to such increased costs or reductions and of such 

50

Lender’s or LC Issuer’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 90 day period referred to above shall be extended to include the period of retroactive effect thereof.
SECTION 2.15.    Change in Legality.  (a) Notwithstanding any other provision herein, if any Change in Law shall make it unlawful for any Lender to make or maintain any Eurocurrency Loan in any currency or to give effect to its obligations as contemplated hereby with respect to any Eurocurrency Loan, or shall limit the convertibility into US Dollars of any Alternative Currency (or make such conversion commercially impracticable), then, by written notice to the Company and to the Administrative Agent, such Lender may:
(i)    declare that Eurocurrency Loans in the affected currency will not thereafter be made by such Lender hereunder, whereupon (A) if the affected currency shall be US Dollars, such Lender shall not submit a Competitive Bid in response to a request for a Eurocurrency Competitive Loan, and any request for a Eurocurrency Revolving Loan in the affected currency shall, as to such Lender only, be deemed a request for a Base Rate Loan, and (B) if the affected currency is an Alternative Currency, any request for a Eurocurrency Borrowing in such currency shall be disregarded, unless such declaration shall be subsequently withdrawn; and
(ii)     (A) if the affected currency shall be US Dollars, require that all outstanding Eurocurrency Loans in US Dollars made by it be converted to Base Rate Loans, in which event all such Eurocurrency Loans in US Dollars shall be automatically converted to Base Rate Loans as of the effective date of such notice as provided in paragraph (b) below, and (B) if the affected currency shall be an Alternative Currency, require that all outstanding Eurocurrency Loans made by it in such currency be promptly prepaid, in which event all such Eurocurrency Loans shall be promptly prepaid
In the event any Lender shall exercise its rights under subparagraph (i) or (ii) above with respect to Eurocurrency Loans in US Dollars, all payments and prepayments of principal which would otherwise have been applied to repay the Eurocurrency Loans that would have been made by such Lender or the converted Eurocurrency Loans, of such Lender shall instead be applied to repay the Base Rate Loans made by such Lender in lieu of, or resulting from the conversion of, such Eurocurrency Loans.
(b)    For purposes of this Section 2.15, a notice by any Lender shall be effective as to each Eurocurrency Loan, if lawful, on the last day of the Interest Period currently applicable to such Eurocurrency Loan; in all other cases such notice shall be effective on the date of receipt.
SECTION 2.16.    Indemnity.  The Borrowers shall indemnify each Lender against any out-of-pocket loss or expense which such Lender sustains or incurs as a consequence of (a) any failure to borrow or to refinance, convert or continue any Loan 

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hereunder after irrevocable notice of such borrowing, refinancing, conversion or continuation has been given pursuant to Section 2.03, 2.04 or 2.05 (for a reason other than the failure of such Lender to make a Loan required to be made by it); (b) any payment, prepayment or conversion, or assignment required under Section 2.21, of a Eurocurrency Loan required by any other provision of this Agreement or otherwise made or deemed made on a date other than the last day of the Interest Period, if any, applicable thereto; (c) any default in payment or prepayment of the principal amount of any Loan or any part thereof or interest accrued thereon, as and when due and payable (at the due date thereof, whether by scheduled maturity, acceleration, irrevocable notice of prepayment or otherwise); or (d) the occurrence of any Event of Default, including, in each such case, any loss or reasonable expense sustained or incurred or to be sustained or incurred in liquidating or employing deposits from third parties acquired to effect or maintain such Loan or any part thereof as a Eurocurrency Loan.  Such loss or reasonable expense shall include an amount equal to the excess, if any, as reasonably determined by such Lender, of (i) its cost of obtaining the funds for the Loan being paid, prepaid, refinanced or not borrowed (assumed to be the Eurocurrency Rate applicable thereto) for the period from the date of such payment, prepayment, refinancing or failure to borrow or refinance to the last day of the Interest Period for such Loan (or, in the case of a failure to borrow or refinance, the Interest Period for such Loan which would have commenced on the date of such failure) over (ii) the amount of interest (as reasonably determined by such Lender) that would be realized by such Lender in reemploying the funds so paid, prepaid or not borrowed or refinanced for such period or Interest Period, as the case may be.  A certificate of any Lender setting forth any amount or amounts which such Lender is entitled to receive pursuant to this Section shall be delivered to the Company and shall be conclusive absent manifest error.
SECTION 2.17.    Pro Rata Treatment.  Except as required under Sections 2.15 and 2.21, (a) each payment or prepayment of principal of any Revolving Borrowing, each refinancing or conversion of any Revolving Borrowing with a Revolving Borrowing of any Type and each payment of interest on the Revolving Loans comprising any Revolving Borrowing shall be allocated pro rata among the Lenders in accordance with the respective principal amounts of the Loans made by them as part of such Borrowing, (b) each payment to reimburse Lenders’ participations in LC Disbursements shall be allocated pro rata among the Lenders in accordance with the respective amounts of their participations in such LC Disbursements, (c) each payment of the Commitment Fees and each reduction of the Commitments shall be allocated pro rata among the Lenders in accordance with their respective Commitments and (d) each payment of the LC Participation Fees shall be allocated pro rata among the Lenders in accordance with their respective LC Exposures pursuant to the terms of Section 2.07(b).  Each payment of principal of any Competitive Borrowing shall be allocated pro rata among the Lenders participating in such Borrowing in accordance with the respective principal amounts of their outstanding Competitive Loans comprising such Borrowing.  Each payment of interest on any Competitive Borrowing shall be allocated pro rata among the Lenders participating in such Borrowing in accordance with the respective amounts of accrued and unpaid interest on their outstanding Competitive Loans comprising such Borrowing.  Each Lender agrees that in computing such Lender’s portion of any Borrowing to be made hereunder, the Administrative Agent may, in its discretion, 

52

round each Lender’s percentage of such Borrowing to the next higher or lower whole unit of the applicable currency.
SECTION 2.18.    Sharing of Setoffs.  Each Lender agrees that if it shall, through the exercise of a right of banker’s lien, setoff or counterclaim, or pursuant to a secured claim under Section 506 of Title 11 of the United States Code or other security or interest arising from, or in lieu of, such secured claim, received by such Lender under any applicable bankruptcy, insolvency or other similar law or otherwise, or by any other means, obtain payment (voluntary or involuntary) in respect of any Revolving Loan or Loans or participations in LC Disbursements as a result of which the unpaid principal portion of its Revolving Loans or participations in LC Disbursements shall be proportionately less than the unpaid principal portion of the Revolving Loans or participations in LC Disbursements of any other Lender, it shall be deemed simultaneously to have purchased from such other Lender at face value, and shall promptly pay to such other Lender the purchase price for, a participation in the Revolving Loans or participations in LC Disbursements of such other Lender, so that the aggregate unpaid principal amount of the Revolving Loans and participations in LC Disbursements held by each Lender, after giving effect to all such purchases, shall be in the same proportion to the aggregate unpaid principal amount of all Revolving Loans and participations in LC Disbursements then outstanding as the principal amount of its Revolving Loans and participations in LC Disbursements prior to such exercise of banker’s lien, setoff or counterclaim or other event was to the principal amount of all Revolving Loans and participations in LC Disbursements outstanding prior to such exercise of banker’s lien, setoff or counterclaim or other event; provided, however, that, if any such purchase or purchases or adjustments shall be made pursuant to this Section 2.18 and the payment giving rise thereto shall thereafter be recovered, such purchase or purchases or adjustments shall be rescinded to the extent of such recovery and the purchase price or prices or adjustment restored without interest.  Any Lender holding a participation deemed to have been so purchased may exercise any and all rights of banker’s lien, setoff or counterclaim with respect to any and all moneys owing to such Lender by reason thereof as fully as if such Lender had made a Revolving Loan, or acquired participation in a LC Disbursement, in the amount of such participation.
SECTION 2.19.    Payments.  (a) All payments to be made by the Borrowers shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff.  Except as otherwise expressly provided herein and except with respect to principal of and interest on Loans denominated in an Alternative Currency, all payments by the Borrowers hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s Office in US Dollars and in Same Day Funds not later than 2:00 p.m., New York City time, on the date specified herein.  Except as otherwise expressly provided herein, all payments by the Borrowers hereunder with respect to principal and interest on Loans denominated in an Alternative Currency shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s Office in such Alternative Currency and in Same Day Funds not later than the Applicable Time specified by the Administrative Agent on the dates specified 

53

herein. Without limiting the generality of the foregoing, the Administrative Agent may require that any payments due under this Agreement be made in the United States.  If, for any reason, any Borrower is prohibited by any law or regulation from making any required payment hereunder in an Alternative Currency, such Borrower shall make such payment in US Dollars in the US Dollar Equivalent of the Alternative Currency payment amount.  The Administrative Agent will promptly distribute to each Lender its applicable share of such payment in like funds as received by wire transfer to such Lender’s Lending Office.  All payments received by the Administrative Agent (i) after 2:00 p.m., New York City time, in the case of payments in US Dollars, or (ii) after the Applicable Time specified by the Administrative Agent in the case of payments in an Alternative Currency, shall in each case be deemed received on the next succeeding Business Day (except for purposes of determining whether an Event of Default has occurred) and any applicable interest or fee shall continue to accrue.
(b)    Except as otherwise set forth herein with respect to Eurocurrency Loans, whenever any payment (including principal of or interest on any Borrowing or any Fees or other amounts) hereunder shall become due, or otherwise would occur, on a day that is not a Business Day, such payment may be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of interest or Fees, if applicable.
(c)    If any Lender shall fail to make any payment required to be made by it hereunder to or for the account of the Administrative Agent or any LC Issuer, then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), (i) apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations in respect of such payment until all such unsatisfied obligations have been discharged or (ii) hold any such amounts in a segregated account as cash collateral for, and application to, any future funding obligations of such Lender pursuant to Sections 2.02(e), 2.06(d), 2.06(e), 2.20(l) and 9.05(c), in each case in such order as shall be determined by the Administrative Agent in its discretion.
SECTION 2.20.    Taxes.  (a) Any and all payments to the Lenders, the LC Issuers and the Administrative Agent hereunder shall, to the extent permitted by applicable laws, be made free and clear of and without deduction for any and all Taxes. If any Borrower or the Administrative Agent shall be required to deduct or withhold any Taxes from or in respect of any sum payable hereunder to any Lender, any LC Issuer or the Administrative Agent, (i) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable shall be increased by the amount (an “additional amount”) necessary so that after making all required deductions or withholdings (including deductions and withholdings applicable to additional sums payable under this Section 2.20) such Lender or LC Issuer or the Administrative Agent (as the case may be) shall receive an amount equal to the sum it would have received had no such deductions or withholding been made; (ii) such Borrower or the Administrative Agent shall make such deductions or withholdings; and (iii) such Borrower or the Administrative Agent shall pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law.

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(b)    In addition, the applicable Borrower (or, if any applicable amount is not attributable to any particular Borrower, the Company) shall pay to the relevant Governmental Authority in accordance with applicable law any current or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies that arise from any payment made hereunder or from the execution, delivery or registration of, or otherwise with respect to, this Agreement or any other Loan Document, excluding such Taxes that are Other Connection Taxes imposed as a result of an Assignment and Assumption (other than an assignment pursuant to a request by a Borrower under Section 2.21(b)) (“Other Taxes”).
(c)    The applicable Borrower shall indemnify each Lender, each LC Issuer and the Administrative Agent for the full amount of Indemnified Taxes paid by such Lender, such LC Issuer or the Administrative Agent, as the case may be, and any penalties, interest and reasonable expenses (including reasonable attorneys’ fees and expenses)) arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally asserted by the relevant Governmental Authority.  If a Borrower determines in its reasonable judgment that a reasonable basis exists for contesting an Indemnified Tax, the Lender, the LC Issuer, or the Administrative Agent, as the case may be, shall reasonably cooperate with the Borrower (at the Borrower’s expense) in challenging such Indemnified Tax; provided, that such Lender or LC Issuer or the Administrative Agent shall not be required to initiate any legal proceeding against any Governmental Authority or to take any other action that in its judgment would result in any material disadvantage to it.  A reasonably detailed certificate as to the amount of such payment or liability prepared by a Lender, an LC Issuer or the Administrative Agent (on its own behalf or on behalf of a Lender or an LC Issuer), absent manifest error, shall be final, conclusive and binding for all purposes.  Such indemnification shall be made within 30 days after the date any Lender or LC Issuer or the Administrative Agent, as the case may be, makes written demand therefor, which written demand shall be made within 60 days of the date such Lender or LC Issuer or the Administrative Agent receives written demand for payment of such Indemnified Taxes from the relevant Governmental Authority.
(d)    Unless required by applicable laws, at no time shall the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender or LC Issuer any refund of Taxes withheld or deducted from funds paid for the account of such Lender or LC Issuer, as the case may be.  If a Lender or LC Issuer or the Administrative Agent shall become aware that it is entitled to claim a refund from a Governmental Authority in respect of Indemnified Taxes as to which it has been indemnified by the Borrowers, or with respect to which the Borrowers have paid additional amounts, pursuant to this Section 2.20, it shall promptly notify the Company of the availability of such refund claim and shall, within 30 days after receipt of a request by the Company, make a claim to such Governmental Authority for such refund at the Borrowers’ expense.  If a Lender or LC Issuer or the Administrative Agent receives a refund (including pursuant to a claim for refund made pursuant to the preceding sentence) in respect of any Indemnified Taxes as to which it has been indemnified by the Borrowers or with respect to which the Borrowers have paid additional amounts pursuant to this Section 2.20, it shall within 30 days 

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from the date of such receipt pay over such refund to the Borrowers (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrowers under this Section 2.20 with respect to the Indemnified Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such Lender or LC Issuer or the Administrative Agent and without interest (other than interest paid by the relevant Governmental Authority with respect to such refund); provided, however, that the Borrowers, upon the request of such Lender or LC Issuer or the Administrative Agent, agree to repay the amount paid over to the Borrowers (plus penalties, interest or other charges imposed by the relevant Governmental Authority, other than penalties, interest or charges attributable to gross negligence or willful misconduct) to such Lender or LC Issuer or the Administrative Agent in the event such Lender or LC Issuer or the Administrative Agent is required to repay such refund to such Governmental Authority.  Notwithstanding anything to the contrary in this subsection, in no event will the applicable Recipient be required to pay any amount to the Borrowers pursuant to this subsection the payment of which would place the Recipient in a less favorable net after-Tax position than such Recipient would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid.
(e)    As soon as practicable after the date of any payment of Indemnified Taxes by the Borrowers or by the Administrative Agent to the relevant Governmental Authority, the Borrowers will deliver to the Administrative Agent, or the Administrative Agent will deliver to the Borrowers, as the case may be, at its address referred to in Section 9.01, the original or a certified copy of a receipt issued by such Governmental Authority evidencing payment thereof.
(f)    Without prejudice to the survival of any other agreement contained herein, each party’s agreements and obligations under this Section 2.20 shall survive the resignation or removal of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender or LC Issuer, the termination of this Agreement and the payment in full of the principal of and interest on all Loans made hereunder.
(g)    (i)  Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Borrowers and the Administrative Agent, at the time or times reasonably requested by the Borrowers or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrowers or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding.  In addition, any Lender, if reasonably requested by the Borrowers or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrowers or the Administrative Agent as will enable the Borrowers or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements.  Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 2.20(g)(ii)(A), (ii)(B) 

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and (ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.
(ii)    Without limiting the generality of the foregoing, in the event that a Borrower is a US Person,
(A)    any Lender that is a US Person shall deliver to such Borrower and the Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (or, in the case of a Transferee that is a participation holder, on or before the date such participation holder becomes a Transferee hereunder) and from time to time thereafter upon the reasonable request of such Borrower or the Administrative Agent, executed originals of IRS Form W-9 certifying that such Lender is exempt from US Federal backup withholding tax;
(B)    any Lender that is not a US Person (a “Non-US Lender”) shall, to the extent it is legally entitled to do so, deliver to such Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Non-US Lender becomes a Lender under this Agreement (or, in the case of a Transferee that is a participation holder, on or before the date such participation holder becomes a Transferee hereunder) and from time to time thereafter upon the reasonable request of such Borrower or the Administrative Agent, whichever of the following is applicable:
(1)    in the case of a Non-US Lender claiming the benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, executed originals of IRS Form W-8BEN or W-8BEN-E, as applicable, establishing an exemption from, or reduction of, US Federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN or W-8BEN-E, as applicable, establishing an exemption from, or reduction of, US Federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty;
(2)    executed originals of IRS Form W-8ECI;
(3)    in the case of a Non-US Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit G-1 to the effect that such Non-US Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of 

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such Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “US Tax Compliance Certificate”) and (y) executed originals of IRS Form W-8BEN or W-8BEN-E, as applicable; or
(4)    to the extent a Non-US Lender is not the beneficial owner, executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN or W-8BEN-E, a US Tax Compliance Certificate substantially in the form of Exhibit G-2 or Exhibit G-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Non-US Lender is a partnership and one or more direct or indirect partners of such Non-US Lender are claiming the portfolio interest exemption, such Non-US Lender may provide a US Tax Compliance Certificate substantially in the form of Exhibit G-4 on behalf of each such direct and indirect partner;
(C)    any Non-US Lender shall, to the extent it is legally entitled to do so, deliver to such Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Non-US Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of such Borrower or the Administrative Agent), executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in US Federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit such Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and
(D)    if a payment made to a Lender under any Loan Document would be subject to US 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 such Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by such Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by such Borrower or the Administrative Agent as may be necessary for the Borrowers 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 (D), “FATCA” shall include any amendments made to FATCA 

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after the date of this Agreement.  For purposes of determining withholding Taxes imposed under FATCA, from and after the Closing Date, the Borrowers and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent and Borrowers to treat) this Agreement as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i). 
(iii) Each Lender agrees that if any form or certification it previously delivered pursuant to this Section 2.20 expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the applicable Borrowers and the Administrative Agent in writing of its legal inability to do so.
(h)    Nothing contained in this Section 2.20 shall require any Lender (or Transferee) or LC Issuer or the Administrative Agent to make available any of its tax returns (or any other information relating to its Taxes that it deems to be confidential or proprietary).
(i)    Each Lender shall severally indemnify the Administrative Agent, within 10 days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that any Borrower has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Borrowers to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 9.04(f) relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority.  A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error.  Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender hereunder or under any other Loan Document or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this paragraph (i).
(j)    For purposes of this Section 2.20, the term “Lender” includes any LC Issuer and any Transferee of a Lender.
SECTION 2.21.    Duty to Mitigate; Assignment of Commitments Under Certain Circumstances.  (a) Any Lender or LC Issuer claiming any indemnity payments or additional amounts payable pursuant to Section 2.14 or Section 2.20 or exercising its rights under Section 2.15 shall use reasonable efforts (consistent with legal and regulatory restrictions) to file any certificate or document requested by the Company or to change the jurisdiction of its applicable lending office if the making of such a filing or change would avoid the need for or reduce the amount of any such indemnity payments or additional amounts which may thereafter accrue or avoid the circumstances giving rise to such exercise and would not, in the determination of such Lender or LC Issuer, be otherwise disadvantageous to such Lender or LC Issuer.

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(b)    In the event that (i) any Lender shall have delivered a notice or certificate pursuant to Section 2.14 or 2.15, (ii) the Company shall be required to make additional payments to any Lender under Section 2.20, (iii) any Lender shall be a Defaulting Lender or (iv) any Lender shall have failed to consent to a proposed amendment, waiver, discharge or termination that under Section 9.07 requires the consent of all the Lenders (or all the affected Lenders or all the Lenders of the affected Class) and with respect to which the Required Lenders (or, in circumstances where Section 9.07 does not require the consent of the Required Lenders, a Majority in Interest of the Lenders of the affected Class) shall have granted their consent, the Company shall have the right, upon notice to such Lender and the Administrative Agent, to require such Lender to transfer and assign without recourse (in accordance with and subject to the restrictions contained in Section 9.04) all interests, rights and obligations contained hereunder to another financial institution which shall assume such obligations; provided that (i) no such assignment shall conflict with any law, rule or regulation or order of any Governmental Authority, (ii) the Company shall have received the prior written consent to such assignment of the Administrative Agent and each LC Issuer, which consent shall not unreasonably be withheld, and (iii) the assignee or the Borrowers, as the case may be, shall pay to the affected Lender in immediately available funds on the date of such assignment the principal of and interest accrued to the date of payment on the Loans made, and participations in LC Disbursements acquired, by it hereunder and all other amounts accrued for its account or owed to it hereunder.
SECTION 2.22.    Increase in Commitments.  (a) The Company may at any time and from time to time, by written notice to the Administrative Agent (which shall promptly deliver a copy to the applicable Lenders) executed by the Company and one or more financial institutions (any such financial institution referred to in this Section being called an “Increasing Lender”), which may include any Lender, cause new Global Tranche Commitments or US Tranche Commitments to be extended by the Increasing Lenders (or cause the existing Global Tranche Commitments or US Tranche Commitments of the Increasing Lenders to be increased, as the case may be) in an amount for each Increasing Lender (which shall not be less than US$5,000,000) set forth in such notice; provided that (i) the new Commitments and increases in existing Commitments pursuant to this paragraph shall not be greater than US$500,000,000 in the aggregate during the term of this Agreement and shall not be less than US$10,000,000 (or any portion of such US$500,000,000 aggregate amount remaining unused) for any such increase, (ii) each Increasing Lender, if not already a Lender hereunder, shall be subject to the approval of the Administrative Agent and each LC Issuer (which approval shall not be unreasonably withheld) and (iii) each Increasing Lender, if not already a Lender hereunder, shall become a party to this Agreement by completing and delivering to the Administrative Agent a duly executed accession agreement in a form satisfactory to the Administrative Agent and the Company (an “Accession Agreement”).  New Commitments and increases in Commitments shall become effective on the date specified in the applicable notices delivered pursuant to this paragraph.  Upon the effectiveness of any Accession Agreement to which any Increasing Lender is a party, (i) such Increasing Lender shall thereafter be deemed to be a party to this Agreement and shall be entitled to all rights, benefits and privileges accorded a Lender hereunder and subject to all obligations of a Lender hereunder and (ii) Schedule 2.01 shall be deemed to have been 

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amended to reflect the Commitment or Commitments of such Increasing Lender as provided in such Accession Agreement.  Notwithstanding the foregoing, no increase in the Commitments (or in the Commitment of any Lender) pursuant to this paragraph shall become effective unless (i) the Administrative Agent shall have received documents consistent with those delivered under Section 4.02(b) and (c), giving effect to such increase and (ii) on the effective date of such increase, the conditions set forth in Sections 4.01(b) and (c) shall be satisfied (with all references in such paragraphs to a Credit Event being deemed to be references to such increase) and the Administrative Agent shall have received a certificate to that effect dated such date and executed by a Financial Officer of the Company.  
(b)    On the effective date (the “Increase Effective Date”) of any increase in the Commitments of any Tranche pursuant to paragraph (a) above (a “Commitment Increase”), (i) the aggregate principal amount of the Revolving Borrowings of such Tranche outstanding (the “Initial Borrowings”) immediately prior to the Commitment Increase on the Increase Effective Date shall be deemed to be paid, (ii) each Increasing Lender that shall have had a Commitment under such Tranche prior to the Commitment Increase shall pay to the Administrative Agent in same day funds (in the applicable currencies), an amount equal to the difference between (A) the product of (1) such Lender’s applicable Tranche Percentage (calculated after giving effect to the Commitment Increase) multiplied by (2) the amount of each Subsequent Borrowing (as hereinafter defined) and (B) the product of (1) such Lender’s applicable Tranche Percentage (calculated without giving effect to the Commitment Increase) multiplied by (2) the amount of each Initial Borrowing, (iii) each Increasing Lender that shall not have had a Commitment under such Tranche prior to the Commitment Increase shall pay to Administrative Agent in same day funds (in the applicable currencies) an amount equal to the product of (1) such Increasing Lender’s applicable Tranche Percentage (calculated after giving effect to the Commitment Increase) multiplied by (2) the amount of each Subsequent Borrowing, (iv) after the Administrative Agent receives the funds specified in clauses (ii) and (iii) above, the Administrative Agent shall pay to each Lender (in the applicable currencies) the portion of such funds that is equal to the difference between (A) the product of (1) such Lender’s applicable Tranche Percentage (calculated without giving effect to the Commitment Increase) multiplied by (2) the amount of each Initial Borrowing and (B) the product of (1) such Lender’s applicable Tranche Percentage (calculated after giving effect to the Commitment Increase) multiplied by (2) the amount of each Subsequent Borrowing, (v) after the effectiveness of the Commitment Increase, the applicable Borrower shall be deemed to have made new Borrowings (the “Subsequent Borrowings”) in amounts (in the currencies of the Initial Borrowings) equal to the amounts of the Initial Borrowings and of the Types and for the Interest Periods specified in a Borrowing Request delivered to the Administrative Agent in accordance with Section 2.04, (vi) each Lender shall be deemed to hold its applicable Tranche Percentage of each Subsequent Borrowing (calculated after giving effect to the Commitment Increase) and (vii) the Borrower shall pay each Lender any and all accrued but unpaid interest on its Loans comprising the Initial Borrowings.  The deemed payments made pursuant to clause (i) above shall be subject to compensation by the applicable Borrower pursuant to the provisions of Section 2.16 if the Increase Effective Date occurs other than on the last day of the Interest Period relating thereto.

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(c)    Notwithstanding the foregoing, no increase in any Commitments (or in any Commitment of any Lender) or addition of a new Lender shall become effective under this Section 2.22 unless, (i) on the Increase Effective Date, the conditions set forth in paragraphs (b) and (c) of Section 4.01 shall be satisfied and the Administrative Agent shall have received a certificate to that effect dated such date and executed by a Financial Officer of the Company; (ii) no reduction of the Total Commitment shall have occurred prior to the Increase Effective Date; and (iii) the Administrative Agent shall have received (with sufficient copies for each of the Lenders) documents consistent with those delivered on the Effective Date under clauses (b) and (c) of Section 4.02 as to the corporate power and authority of the Borrowers to borrow hereunder after giving effect to such increase.
SECTION 2.23.    Defaulting Lenders.  Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender:
(a)    Commitment Fees shall cease to accrue on the unused Commitments of such Defaulting Lender pursuant to Section 2.07(a);
(b)    the Commitments, the Revolving Credit Exposures and the aggregate principal amount of outstanding Competitive Bid Loans of such Defaulting Lender shall not be included in determining whether the Required Lenders or any other requisite Lenders have taken or may take any action hereunder or under any other Loan Document (including any consent to any amendment, waiver or other modification pursuant to Section 9.07); provided that any amendment, waiver or other modification requiring the consent of all Lenders or all Lenders affected thereby shall, except as otherwise provided in Section 9.07, require the consent of such Defaulting Lender in accordance with the terms hereof;
(c)    if any LC Exposure of any Class exists at the time such Lender becomes a Defaulting Lender then:
(i)    the LC Exposure of such Class of such Defaulting Lender (other than any portion thereof attributable to unreimbursed LC Disbursements with respect to which such Defaulting Lender shall have funded its participation as contemplated by Sections 2.06(d) and 2.06(e)) shall be reallocated among the Non-Defaulting Lenders with Commitments of such Class ratably in accordance with their respective Commitments of such Class, but only to the extent (x) no Non-Defaulting Lender’s Revolving Credit Exposure of such Class would exceed such Non-Defaulting Lender’s Commitment of such Class and (y) the sum of all Non-Defaulting Lenders’ Revolving Credit Exposures of such Class plus such Defaulting Lender’s LC Exposure of such Class does not exceed the sum of all Non-Defaulting Lenders’ Commitments of such Class;
(ii)    if the reallocation described in clause (i) above cannot, or can only partially, be effected, the applicable Borrowers shall within one Business Day following notice by the Administrative Agent cash collateralize for the benefit of the LC Issuers the portion of such Defaulting Lender’s LC Exposure of the applicable 

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Class that has not been reallocated as set forth in such clause in accordance with the procedures set forth in Section 2.06(m) for so long as such LC Exposure is outstanding;
(iii) if the Borrowers cash collateralize any portion of such Defaulting Lender’s LC Exposure pursuant to clause (ii) above, the Borrowers shall not be required to pay LC Participation Fees pursuant to Section 2.12(b) with respect to the portion of such Defaulting Lender’s LC Exposure for so long as such Defaulting Lender’s LC Exposure is cash collateralized;
(iv)     if any portion of the LC Exposure of such Defaulting Lender is reallocated pursuant to clause (i) above, then the fees payable to the applicable Lenders pursuant to Section 2.07(b) shall be adjusted to give effect to such reallocation; and
(v)    if all or any portion of such Defaulting Lender’s LC Exposure that is subject to reallocation pursuant to clause (i) above is neither reallocated nor cash collateralized pursuant to clause (i) or (ii) above, then, without prejudice to any rights or remedies of any LC Issuer or any other Lender hereunder, all LC Participation Fees payable under Section 2.07(b) with respect to such portion of its LC Exposure shall be payable to the LC Issuers (and allocated among them ratably based on the amount of such portion of the LC Exposure of such Defaulting Lender attributable to Letters of Credit issued by each LC Issuer) 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, no LC Issuer shall be required to issue, amend, renew or extend any Letter of Credit of an applicable Class unless, in each case, it is satisfied that, after giving effect to such funding or issuance, amendment, renewal or extension, the Defaulting Lender’s LC Exposure of each applicable Class will be fully covered by the Commitments of such Class of the Non-Defaulting Lenders, after giving effect to the reallocation of participating interests in any such issued, amended, renewed or extended Letter of Credit in accordance with clause (c)(i) above and/or cash collateral in respect of such Letter of Credit is provided by the Borrowers in accordance with clause (c)(ii) above.
(e)    In the event that the Administrative Agent, the Company and each LC Issuer each agree in writing that a Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the LC Exposure of the applicable Lenders shall be readjusted to reflect the inclusion of such Lender’s Commitments and on such date such Lender shall purchase at par such of the Loans of the other Lenders as the Administrative Agent shall determine may be necessary in order for the Lenders to hold such Loans ratably in accordance with their applicable Commitments; provided that no adjustments will be made retroactively with respect to fees accrued while that Lender was a Defaulting Lender; and provided further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will 

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constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender.
ARTICLE III
Representations and Warranties
Each Borrower represents and warrants to each of the Lenders that:
SECTION 3.01.    Organization; Powers.  Each Borrower and each of the Restricted Subsidiaries (a) is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization; (b) has all requisite power and authority to own its property and assets and to carry on its business as now conducted and as proposed to be conducted; (c) is qualified to do business in every jurisdiction where such qualification is required, except where the failure so to qualify would not result in a Material Adverse Effect; and (d) in the case of each Borrower, has the corporate power and authority to execute, deliver and perform its obligations under the Loan Documents and to borrow hereunder and thereunder.
SECTION 3.02.    Authorization.  The execution, delivery and performance by the Borrowers of this Agreement and any promissory notes issued pursuant to Section 9.04(j) (and by the Borrowing Subsidiaries of each Borrowing Subsidiary Agreement) and the Borrowings and the issuances of Letters of Credit hereunder (collectively, the “Transactions”) (a) have been duly authorized by all requisite corporate action and (b) will not (i) violate (A) any provision of any law, statute, rule or regulation (including the Margin Regulations) or of the certificate of incorporation or other constitutive documents or by-laws of the Borrowers, (B) any order of any Governmental Authority or (C) any provision of any indenture or other agreement evidencing Indebtedness or, except for violations that could not reasonably be expected to result in a Material Adverse Effect or to affect adversely the rights or interests of the Lenders, any agreement or other instrument to which any Borrower is a party or by which it or any of its property is or may be bound, (ii) be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under any such indenture or other agreement evidencing Indebtedness or, except for conflicts, breaches or defaults that could not reasonably be expected to result in a Material Adverse Effect or to affect adversely the rights or interests of the Lenders, any other agreement or other instrument to which any Borrower is a party or by which it or any of its property is or may be bound, or (iii) result in the creation or imposition of any lien upon any property or assets of any Borrower.
SECTION 3.03.    Enforceability.  This Agreement and each Loan Document to which a Borrower is a party constitutes a legal, valid and binding obligation of each such Borrower, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar Laws affecting creditors’ rights generally and to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

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SECTION 3.04.    Governmental Approvals.  No action, consent or approval of, registration or advance filing with or other action by any Governmental Authority, other than those which have been taken, given or made, as the case may be, is or will be required with respect to any Borrower in connection with the Transactions.
SECTION 3.05.    Financial Statements.  (a) The Company has heretofore furnished to the Administrative Agent and the Lenders (through the posting on Intralinks) copies of its consolidated balance sheet and statements of operations, cash flow and stockholders’ equity as of and for the year ended December 31, 2013 and the six months ended June 30, 2014.  Such financial statements present fairly, in all material respects, the consolidated financial condition and the results of operations of the Company and the Subsidiaries as of such dates and for such periods in accordance with GAAP or SAP, as applicable.
(b)    As of the Effective Date, there has been no material adverse change in the consolidated financial condition of the Company and the Subsidiaries taken as a whole from the financial condition reported in the financial statements referenced in paragraph (a) of this Section 3.05.
SECTION 3.06.    Litigation; Compliance with Laws.  (a) Except as disclosed on Schedule 3.06 or in the Company’s public filings with the SEC prior to the date hereof, there are no actions, proceedings or investigations filed or (to the knowledge of any Responsible Officer of the Company) threatened against any Borrower or any Subsidiary in any court or before any Governmental Authority or arbitration board or tribunal which question the validity or legality of this Agreement, the Transactions or any action taken or to be taken pursuant to this Agreement and no order or judgment has been issued or entered restraining or enjoining any Borrower or any Subsidiary from the execution, delivery or performance of this Agreement nor is there any other action, proceeding or investigation filed or (to the knowledge of any Responsible Officer of the Company) threatened against any Borrower or any Subsidiary in any court or before any Governmental Authority or arbitration board or tribunal which would be reasonably likely to result in a Material Adverse Effect or materially restrict the ability of any Borrower to comply with its obligations under the Loan Documents.
(b)    To the knowledge of any Responsible Officer of the Company, neither any Borrower nor any Subsidiary is in violation of any law, rule or regulation (including any Anti-Corruption Law, Sanction or any law, rule or regulation relating to the protection of the environment or to employee health or safety), or in default with respect to any judgment, writ, injunction or decree of any Governmental Authority, where such violation or default would be reasonably likely to result in a Material Adverse Effect.
(c)    No exchange control law or regulation materially restricts any Borrower from complying with its obligations in respect of any Loan or otherwise under this Agreement.

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SECTION 3.07.    Federal Reserve Regulations.  (a) Neither any Borrower nor any Subsidiary that will receive proceeds of the Loans hereunder is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying Margin Stock.
(b)    No part of the proceeds of any Loan will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry Margin Stock or to refund indebtedness originally incurred for such purpose, or for any other purpose which in each case entails a violation of, or which is inconsistent with, the provisions of the Margin Regulations.
SECTION 3.08.    Investment Company Act.  No Borrower is an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940 (the “1940 Act”).  While certain subsidiaries of the Company may be “investment companies” as defined in the 1940 Act, the transactions contemplated by this Agreement will not violate or require any approval under such Act or any regulations promulgated pursuant thereto.
SECTION 3.09.    Use of Proceeds.  All proceeds of the Loans and the Letters of Credit shall be used for the purposes referred to in the recitals to this Agreement.
SECTION 3.10.    Full Disclosure; No Material Misstatements.  No report, financial statement, other written information or other information transmitted orally during a formal presentation, furnished by or on behalf of any Borrower to the Administrative Agent or any Lender pursuant to this Agreement or in connection with the arrangement, syndication and closing of the credit facilities established hereby, other than information of a general economic or industry-specific nature, contains or will contain any material misstatement of fact or omits or will omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were or will be made, not misleading (except that as to any projections or other forward-looking information, the Company represents only that such information has been or will be prepared in good faith based on assumptions believed to be reasonable at the time made, it being understood that such projections and other forward-looking information are not to be viewed as factual and are not a guarantee of future performance, and that actual results may differ materially from projected results).
SECTION 3.11.    Taxes.  Each Borrower and each of the Restricted Subsidiaries have filed or caused to be filed all Federal, state and local tax returns which are required to be filed by them, and have paid or caused to be paid all taxes shown to be due and payable on such returns or on any assessments received by any of them, other than (a) any taxes or assessments the validity of which is being contested in good faith by appropriate proceedings, and with respect to which appropriate accounting reserves have to the extent required by GAAP or SAP, as applicable, been set aside or (b) to the extent the failure to do so could not reasonably be expected to have a Material Adverse Effect.

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SECTION 3.12.    Employee Pension Benefit Plans.  The present aggregate value of accumulated benefit obligations of all unfunded and underfunded pension plans (including other post-retirement benefit plans) of the Company and its Subsidiaries (based on those assumptions used for disclosure in corporate financial statements in accordance with GAAP) did not, as of December 31, 2013, exceed by more than US$985,000,000 the value of the assets of all such plans.  The Company has recorded this amount in its consolidated balance sheet for the year ended December 31, 2013.
SECTION 3.13.    OFAC, Anti-Corruption Laws.  (a) Neither the Company, nor any of its Subsidiaries, nor, to the knowledge of the Company and its Subsidiaries, any director, officer, employee, agent, Affiliate or representative thereof, is an individual or entity that is currently the target of any Sanctions, nor is the Company or any Subsidiary located, organized or resident in a Designated Jurisdiction.
(b)    The Company has instituted and maintained policies and procedures reasonably designed to promote and achieve compliance with applicable Anti-Corruption Laws and Sanctions.
ARTICLE IV
Conditions of Lending
SECTION 4.01.    All Credit Events.  The obligation of each Lender to make Loans and of each LC Issuer to issue, amend, renew or extend Letters of Credit hereunder (each, a “Credit Event”) is subject to the satisfaction of the following conditions:
(a)    On the date of each Credit Event, the Administrative Agent shall have received a notice of such Credit Event as required by Section 2.03, Section 2.04 or Section 2.06, as applicable.
(b)    On the date of each Credit Event, the representations and warranties set forth in Article III hereof (other than the representations and warranties set forth in Section 3.05(b) and Section 3.06(a)) shall be true and correct in all material respects on and as of the date of such Credit Event with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date.
(c)    At the time of and immediately after such Credit Event, no Event of Default or Default shall have occurred and be continuing.
Each Credit Event shall be deemed to constitute a representation and warranty by each Borrower on the date thereof as to the matters specified in paragraphs (b) and (c) of this Section 4.01.
SECTION 4.02.    Conditions to Effectiveness.  The obligations of the Lenders to make Loans and of the LC Issuers to issue Letters of Credit hereunder shall not 

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become effective until the date on which each of the following conditions shall be satisfied (or waived in accordance with Section 9.07):
(a)    The Administrative Agent (or its counsel) shall have received from each party hereto either (i) a counterpart of this Agreement signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include telecopy or electronic transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement.
(b)    The Administrative Agent shall have received a favorable written opinion of Leslie T. Soler, Esq., dated the Effective Date and addressed to the Lenders, to the effect set forth in Exhibit C hereto.
(c)    The Administrative Agent shall have received such documents and certificates as the Administrative Agent may reasonably request relating to the organization, existence and good standing of each Borrower, the authorization of this Agreement and the transactions contemplated hereby and any other legal matters relating to the Borrowers, the Loan Documents, this Agreement or the transactions contemplated hereby, all in form and substance reasonably satisfactory to the Administrative Agent.
(d)    All principal, interest, fees and other amounts accrued for the accounts of or owed to the Lenders under the Existing Credit Agreement (whether or not due at the time) shall have been paid in full, the commitments under such Agreement shall have expired or been terminated and all letters of credit issued thereunder shall have expired, and the Administrative Agent shall have received satisfactory evidence thereof.
(e)    The Administrative Agent, the Arrangers and each Lender shall have received all fees due and payable on or prior to the Effective Date required to be paid by the Borrowers in connection with this Agreement under any commitment letter or fee letter entered into in connection with the credit facility established hereby (including fees, charges and disbursements of counsel).
(f)    The Lenders shall have received all documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA Patriot Act. 
For purposes of determining compliance with the conditions specified in this Section 4.02, each Lender that has executed this Agreement shall be deemed to have consented to, approved or accepted, or to be satisfied with, each document or other matter required hereunder to be consented to or approved by or acceptable or satisfactory to such Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto.  Each Lender that has executed this Agreement and that is a lender under the Existing Credit Agreement shall be deemed to have waived the requirement under Section 2.12 of the Existing Credit Agreement for three Business Days’ advance notice of the termination of the Existing Credit Agreement contemplated by such Section.

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SECTION 4.03.    First Borrowing by Each Borrowing Subsidiary.  The obligation of each Lender to make Loans to any Borrowing Subsidiary shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.07):
(a)    the Administrative Agent and each Lender shall have received a copy of the Borrowing Subsidiary Agreement executed by such Borrowing Subsidiary, and such Borrowing Subsidiary Agreement shall have become effective in accordance with Section 9.15.
(b)    The Administrative Agent and each Lender shall have received (i) all documentation and other information related to such Borrowing Subsidiary required by the Administrative Agent and each Lender under applicable “know your customer” or similar identification rules and regulations, including the USA Patriot Act, and (ii) such other documents and certificates as the Administrative Agent or its counsel may reasonably request relating to the organization, existence and good standing of such Borrowing Subsidiary and the authorization of the Transactions insofar as they relate to such Borrowing Subsidiary, all in form and substance satisfactory to the Administrative Agent and its counsel.
ARTICLE V
Covenants
A.  Affirmative Covenants.  Each Borrower covenants and agrees with each Lender and the Administrative Agent that so long as any Commitments hereunder remain in effect, any principal of or interest on any Loan remains outstanding and unpaid, any Letter of Credit remains outstanding, any LC Disbursement remains unreimbursed or any Fees or any other amounts payable hereunder remain unpaid, unless the Required Lenders shall otherwise consent in writing, it will, and will cause each of the Subsidiaries to:
SECTION 5.01.    Existence.  In the case of each Borrower, do or cause to be done all things necessary to cause such Borrower and each of its Restricted Subsidiaries (a) to preserve and keep in full force and effect its corporate existence, except as expressly permitted under Section 5.10, and (b) to preserve its rights and franchises to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect.
SECTION 5.02.    Business and Properties.  (a) In the case of the Borrowers and the Restricted Subsidiaries, comply with all applicable laws, rules, regulations and orders of any Governmental Authority (including any of the foregoing relating to the protection of the environment or to employee health and safety and any applicable Anti-Corruption Laws), whether now in effect or hereafter enacted, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect; and at all times maintain and preserve all property material to the conduct of its business and keep such property in good repair, working order and condition and from time to time make, or cause to be made, all needful and proper repairs, renewals, additions, improvements and replacements thereto necessary in order that the 

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business carried on in connection therewith may be properly conducted at all times, except in each case where the failure to do so, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.
(b)    Maintain and reasonably enforce policies and procedures reasonably designed to promote and achieve compliance with applicable Anti-Corruption Laws and Sanctions.
SECTION 5.03.    Financial Statements, Reports, etc.  In the case of the Company, furnish to the Administrative Agent, with sufficient copies (or with an electronic copy) to be distributed by the Administrative Agent to each Lender:
(a)    within 90 days after the end of each fiscal year, its consolidated balance sheet and the related consolidated statements of income and cash flows showing its consolidated financial condition as of the close of such fiscal year and the consolidated results of its operations during such year, all audited by Deloitte & Touche LLP or other independent certified public accountants of recognized national standing selected by the Company and accompanied by an opinion of such accountants to the effect that such consolidated financial statements fairly present in all material respects its financial condition and results of operations on a consolidated basis in accordance with GAAP or SAP, as applicable (it being agreed that the requirements of this paragraph may be satisfied by the delivery pursuant to paragraph (e) below of an annual report on Form 10-K containing the foregoing);
(b)    within 60 days after the end of each of the first three fiscal quarters of each fiscal year, its consolidated balance sheet and related consolidated statements of income and cash flows showing its consolidated financial condition as of the close of such fiscal quarter and the consolidated results of its operations during such fiscal quarter and the then elapsed portion of the fiscal year, all certified by one of its Financial Officers as fairly presenting in all material respects its financial condition and results of operations and cash flows on a consolidated basis in accordance with GAAP or SAP, as applicable, subject to normal year-end audit adjustments (it being agreed that the requirements of this paragraph may be satisfied by the delivery pursuant to paragraph (e) below of a quarterly report on Form 10-Q containing the foregoing);
(c)    concurrently with any delivery of financial statements under paragraph (a) or (b) above, a certificate of a Financial Officer (A) certifying that (1) no Event of Default or Default has occurred or, if such an Event of Default or Default has occurred, specifying the nature and extent thereof and any corrective action taken or proposed to be taken with respect thereto and (2) to such Financial Officer’s knowledge, as of the date of such certificate, S&P does not classify the aggregate principal amount of Consumer Notes as financial leverage of the Company or a Subsidiary and (B) setting forth (1) each Standard Letter of Credit and Secured Letter of Credit outstanding as of the end of such fiscal year or fiscal quarter and (2) each item of Collateral on deposit in each LC Security Account, and the Collateral Value and Adjusted Collateral Value thereof, as of the end of such fiscal year or fiscal quarter;

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(d)    as soon as available and in any event within 90 days after the end of each fiscal year and, in the case of clause (ii), within 60 days after the end of each of the first three fiscal quarters of each fiscal year, (i) the Statement of Actuarial Opinion of each of the Restricted Subsidiaries for such fiscal year as filed with the Applicable Insurance Regulatory Authority and (ii) the Annual Statement or Quarterly Statement, as applicable, of each of the Restricted Subsidiaries for such fiscal year or fiscal quarter as filed with the Applicable Insurance Regulatory Authority, together with, in the case of the statements delivered pursuant to clause (ii) above, a certificate of a Financial Officer to the effect that such statements present fairly in all material respects the statutory assets, liabilities, capital and surplus, results of operations and cash flows of such Insurance Subsidiary in accordance with SAP;
(e)    promptly after the same become publicly available, copies of all reports on forms 10-K, 10-Q and 8-K filed by it with the SEC, or any Governmental Authority succeeding to any of or all the functions of the SEC, or, in the case of the Company, copies of all reports distributed to its shareholders, as the case may be;
(f)    promptly, from time to time, such other information as any Lender shall reasonably request through the Administrative Agent; and
(g)    concurrently with any delivery of financial statements under paragraph (a) or (b) above, calculations of the financial tests referred to in Sections 5.13 and 5.14.
Information required to be delivered pursuant to this Section 5.03 shall be deemed to have been delivered to the Lenders on the date on which the Company provides written notice to the Administrative Agent that such information has been posted on the Company’s website on the Internet at http://www.thehartford.com or is available on the website of the SEC at http://www.sec.gov (to the extent such information has been posted or is available as described in such notice); provided that the Company shall deliver paper copies of such information to any Lender that requests such delivery within 5 Business Days after such request.  Information required to be delivered pursuant to this Section 5.03 may also be delivered by electronic communications pursuant to procedures approved by the Administrative Agent.  The Company hereby acknowledges that the Administrative Agent and/or the Arrangers may, but shall not be obligated to, make available to the Lenders and the LC Issuer(s) materials and/or information provided by or on behalf of the Company hereunder (collectively, “Company Materials”) by posting the Company Materials on Debt Domain, IntraLinks, Syndtrak, ClearPar, or another similar electronic system (the “Platform”).
SECTION 5.04.    Insurance.  In the case of the Company and each Restricted Subsidiary, keep its material insurable properties adequately insured at all times by financially sound and reputable insurers, and maintain such other insurance, to such extent and against such risks, including fire and other risks insured against by extended coverage, as is customary with companies similarly situated and in the same or similar businesses (it being understood that the Company and the Restricted Subsidiaries may self-

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insure to the extent customary with companies similarly situated and in the same or similar businesses).
SECTION 5.05.    Obligations and Taxes.  In the case of the Company and each Restricted Subsidiary, pay, satisfy or otherwise discharge promptly when due all taxes, assessments and governmental charges imposed upon it or upon its income or profits or in respect of its property, as well as all other material liabilities, in each case before the same shall become delinquent or in default and before penalties accrue thereon, unless and to the extent (a) that the same are being contested in good faith by appropriate proceedings and adequate reserves with respect thereto shall, to the extent required by GAAP or SAP, as applicable, have been set aside or (b) the failure to do so could not reasonably be expected to have a Material Adverse Effect.
SECTION 5.06.    Notices.  Promptly upon a Responsible Officer of the Company obtaining knowledge thereof, give the Administrative Agent, to be distributed by the Administrative Agent to each Lender, written notice of the following:
(a)    any Event of Default or Default, specifying the nature and extent thereof and the action (if any) which is proposed to be taken with respect thereto; and
(b)    any change in any of the Ratings.
SECTION 5.07.    Maintaining Records; Access to Properties and Inspections.  Maintain financial records in accordance with GAAP or SAP, as applicable, and, upon reasonable notice, at all reasonable times, permit any authorized representative designated by the Administrative Agent to visit and inspect the properties of the Company and of any Restricted Subsidiary and to discuss the affairs, finances and condition of the Company and the Restricted Subsidiaries with a Financial Officer of the Company and such other officers as the Company shall deem appropriate.
SECTION 5.08.    Employee Benefits.  (a) Comply with the applicable provisions of ERISA and the Code, except in each case where any such non-compliance could not reasonably be expected to have a Material Adverse Effect and (b) furnish to the Administrative Agent and each Lender as soon as possible after, and in any event within 30 days after any Responsible Officer of any Borrower knows that, any ERISA Event has occurred that, alone or together with any other ERISA Event known to have occurred, could reasonably be expected to result in liability of such Borrower in an aggregate amount exceeding US$100,000,000 in any year, a statement of a Financial Officer of such Borrower setting forth details as to such ERISA Event and the action, if any, that such Borrower proposes to take with respect thereto.
SECTION 5.09.    Use of Proceeds.  Use the proceeds of the Loans and the Letters of Credit only for the purposes set forth in the preamble to this Agreement.
B.  Negative Covenants.  Each Borrower covenants and agrees with each Lender and the Administrative Agent that so long as any Commitments hereunder remain 

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in effect, any principal of or interest on any Loan remains outstanding and unpaid, any Letter of Credit remains outstanding, any LC Disbursement remains unreimbursed or any Fees or any other amounts payable hereunder remain unpaid, unless the Required Lenders shall otherwise consent in writing, it will not, and will not cause or permit any of the Subsidiaries to:
SECTION 5.10.    Consolidations, Mergers, and Sales of Assets.  In the case of the Company and the Restricted Subsidiaries, consolidate or merge with or into any other person or sell, lease or transfer all or substantially all of its property and assets, or agree to do any of the foregoing, unless (a) no Default or Event of Default has occurred and is continuing or would have occurred immediately after giving effect thereto and (b) in the case of a consolidation or merger or transfer of assets involving the Company and in which the Company is not the surviving corporation or sells, leases or transfers all or substantially all of its property and assets, the surviving corporation or person purchasing, leasing or receiving such property and assets is organized in the United States of America or a state thereof and agrees to be bound by the terms and provisions applicable to the Company hereunder.
SECTION 5.11.    Limitations on Liens.  Create, incur, assume or permit to exist any Lien on any property or assets (including the capital stock of any Subsidiary) now owned or hereafter acquired by it, or sell or transfer or create any Lien on any income or revenues or rights in respect thereof (other than any sale or transfer of such income, revenues or rights in connection with a permitted sale or transfer of a division, business unit or other property or asset generating such income, revenues or rights); provided, however, that this covenant shall not apply to any of the following:
(a)    any Lien on any fixed or capital asset hereafter acquired, constructed or improved by the Company or any Subsidiary which is created or assumed to secure or provide for the payment of any part of the purchase price of such property or asset or the cost of such construction or improvement prior to or within 360 days after such acquisition or the completion of such construction or improvement; provided, however, that such Lien shall not extend to any other property owned by the Company or any Subsidiary;
(b)    any Lien on any property or asset existing at the time of acquisition thereof and not created in contemplation of such acquisition; provided, however, that such Lien shall not extend to any other property owned by the Company or any Subsidiary;
(c)    any Lien existing upon any property or asset of a company which is merged with or into or is consolidated into, or substantially all the assets or shares of capital stock of which are acquired by, the Company or a Subsidiary, at the time of such merger, consolidation or acquisition; provided that such Lien shall not have been created in contemplation of such transaction and shall not extend to any other property or asset, other than improvements to the property or asset subject to such Lien;

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(d)    any pledge or deposit to secure payment of workers’ compensation or insurance premiums, or in connection with tenders, bids, contracts (other than contracts for the payment of money) or leases;
(e)    any pledge of, or other Lien upon, any assets as security for the payment of any tax, assessment or other similar charge imposed by any Governmental Authority or public body, or as security required by law or any governmental regulation as a condition to the transaction of any business or the exercise of any privilege or right;
(f)    any Lien required in connection with the institution by the Company or a Subsidiary of any legal or equitable proceeding to enforce a right or to obtain a remedy claimed in good faith by the Company or a Subsidiary, or required in connection with any order or decree in any such proceeding or in connection with any contest of any tax or other governmental charge; or the making of any deposit with or the giving of any form of security to any governmental agency or any body created or approved by law or governmental regulation that is required (i) in order to entitle the Company or a Subsidiary to maintain self-insurance or to participate in any fund in connection with workers’ compensation, unemployment insurance, old age pensions or other social security or to share in any provisions or other benefits provided for companies participating in any such arrangement or (ii) for liability on insurance of credits or other risks;
(g)    any Liens imposed by operation of law, such as mechanics’, carriers’, workmen’s, repairmen’s, or other like Liens, if arising in the ordinary course of business, in respect of obligations which are not overdue for a period of more than 60 days or liability for which is being contested in good faith by appropriate proceedings;
(h)    any Lien on property in favor of the United States of America, or of any agency, department or other instrumentality thereof, to secure partial, progress or advance payments pursuant to the provisions of any contract, other than with respect to Indebtedness;
(i)    any Lien securing indebtedness of a Subsidiary to the Company or a Subsidiary; provided that in the case of any sale or other disposition of such indebtedness by the Company or such Subsidiary, such sale or other disposition shall be deemed to constitute the creation of another Lien not permitted by this clause (h);
(j)    Liens arising in the ordinary course of business on operating accounts (including deposit accounts and any related securities accounts), including bankers’ Liens and rights of setoff arising in connection therewith (but excluding consensual Liens securing Indebtedness);
(k)    Liens securing Swap Contracts entered into in the ordinary course of business and consistent with prudent business and industry practices and not for speculative purposes;

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(l)    Liens arising out of deposits by any Subsidiary of cash, securities or other property into collateral trusts or reinsurance trusts with or for the benefit of ceding companies or insurance regulators of such Subsidiary;
(m)    Liens arising out of (i) obligations to return collateral consisting of cash or securities arising out of or in connection with the borrowing of the same or substantially similar securities, (ii) obligations to purchase securities arising out of or in connection with the sale of the same or substantially similar securities or (iii) repurchase and reverse repurchase arrangements with respect to securities and financial instruments; 
(n)    Liens on assets of an Insurance Subsidiary securing letters of credit issued on behalf of any Insurance Subsidiary for insurance regulatory or reinsurance purposes;
(o)    Liens on securities owned by any Subsidiary which are pledged to a Federal Home Loan Bank (a “FHLB”) to secure loans, advances or extensions of credit made by such FHLB to such Subsidiary in the ordinary course of business;
(p)    Liens on securities owned by, or obligations owed to, any Subsidiary that directly or indirectly secure funding agreements issued by a Subsidiary (each a “Hartford Entity”), which funding agreements directly or indirectly secure, or provide for, the repayment of amounts that a Hartford Entity has received from the proceeds of securities issued by a special-purpose vehicle formed for the purpose of issuing such securities;
(q)    any attachment or judgment Lien, unless the judgment it secures shall not, within 60 days after the entry thereof, have been discharged or execution thereof stayed pending appeal, or shall not have been discharged within 60 days after the expiration of any such stay; 
(r)    leases or subleases granted to others, easements, rights-of-way, restrictions and other similar charges or encumbrances, in each case incidental to, and not interfering with, the ordinary conduct of the business of the Company or any Subsidiary; 
(s)    Liens created under the Secured Letter of Credit Agreements;
(t)    Liens on, or sales or transfers of, securitized assets (including notes or accounts receivable) in connection with securitizations of such assets that in each case are treated as “true sales” under GAAP and are entered into in connection with the conduct of business or the management of assets or liabilities of the Company or any of its Subsidiaries; provided that no such Lien shall extend to or cover any property or assets other than the assets subject to such securitization;
(u)    Liens on third party reinsurance recoverables arising out of a Subsidiary’s sale, transfer or novation of policy liabilities to a third party reinsurer or buyer (via reinsurance or otherwise);

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(v)    Liens incurred pursuant to the Loan Documents; 
(w)    Liens arising in connection with capitalized lease obligations; provided that no such Lien shall extend to or cover any property or assets other than the property and assets subject to such capitalized lease obligations;
(x)    Liens arising out of any real estate sale-leaseback transaction;
(y)    other Liens, sales or transfers securing obligations at any one time outstanding in an aggregate amount not to exceed the greater of (i) $3,500,000,000 and (ii) 17.5% of the Consolidated Net Worth of the Company at such time; or
(z)    the renewal, extension, replacement or refunding of any Lien permitted by the foregoing clauses of this Section upon the same property theretofore subject thereto (including to secure renewals, extensions, replacements or refundings of the obligations secured thereby); provided in each case that the obligations secured thereby shall not be increased and that such Liens shall be deemed to utilize the exceptions or baskets set forth in the respective clauses of this Section under which the original Liens were permitted.
SECTION 5.12.    [Intentionally omitted.]
SECTION 5.13.    Consolidated Total Debt to Consolidated Total Capitalization.  (a) Permit the ratio of (i) Consolidated Total Debt to (ii) Consolidated Total Capitalization to be greater than 0.35 to 1.
(b)    Permit the ratio of (i) Consolidated Subsidiary Debt to (ii) Consolidated Total Capitalization to be greater than .10 to 1.00
SECTION 5.14.    Minimum Consolidated Net Worth.  Permit the Consolidated Net Worth of the Company at the end of any fiscal quarter to be less than US$13,500,000,000.
SECTION 5.15.    Limitation on Issuance of Consumer Notes.  Permit the aggregate principal amount of Consumer Notes outstanding at any time to exceed US$79,000,000.
SECTION 5.16.    Sanctions; Anti-Corruption Laws.  (a) Directly or indirectly use the proceeds of any Borrowing or any Letter of Credit for the purpose of funding or facilitating any activities of or business with any individual or entity, or in any Designated Jurisdiction, that, at the time of such funding or facilitation, is targeted by Sanctions, unless otherwise authorized by applicable Laws, or in any other manner that will result in a violation by any party to any Loan Document (including any individual or entity participating in the transaction, whether as Lender, Arranger, Administrative Agent, LC Issuer, or otherwise) of Sanctions.

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(b)    Directly or indirectly, use the proceeds of any Borrowing or any Letter of Credit for any purpose which would violate any applicable Anti-Corruption Laws in any material respect.
ARTICLE VI
Events of Default
In case of the happening of any of the following events (each an “Event of Default”):
(a)    any representation or warranty made or deemed made under this Agreement, or any written information or other information transmitted orally during a formal presentation, furnished by any Borrower or any Subsidiary to the Administrative Agent or the Lenders pursuant to this Agreement or in connection with the arrangement, syndication or closing of the facilities established hereby, shall prove to have been false or misleading in any material respect when so made, deemed made or furnished;
(b)    (i) default shall be made in the payment of any principal of any Loan 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 by acceleration thereof or otherwise, or (ii) default shall be made in the payment of any reimbursement obligation in respect of any LC Disbursement when and as the same shall become due and payable and such default under this clause (ii) shall continue unremedied for a period of three Business Days;
(c)    default shall be made in the payment of any interest on any Loan or any Fee or any other amount (other than an amount referred to in paragraph (b) above) due hereunder, when and as the same shall become due and payable, and such default shall continue unremedied for a period of ten days;
(d)    default shall be made in the due observance or performance of any covenant, condition or agreement contained in Section 5.01, 5.06, 5.10, 5.11, 5.13, 5.14, 5.15 or 5.16 and, in the case of any default under Section 5.11, such default shall continue for 30 days;
(e)    default shall be made in the due observance or performance of any covenant, condition or agreement contained herein or in any other Loan Document (other than those specified in clauses (b), (c) or (d) above) and such default shall continue unremedied for a period of 30 days after notice thereof from the Administrative Agent or any Lender to the Company;
(f)    the Company or any Subsidiary shall (i) fail to pay any principal or interest, regardless of amount, due in respect of any Indebtedness in a principal amount in excess of US$100,000,000, when and as the same shall become due and payable (and in the case of Consumer Notes, such failure shall continue unremedied for ten Business Days) or (ii) fail to observe or perform any other term, covenant, condition or agreement contained 

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in any agreement or instrument evidencing or governing any such Indebtedness if the effect of any failure referred to in this clause (ii) is to cause, or to permit the holder or holders of such Indebtedness or a trustee on its or their behalf (with or without the giving of notice, the lapse of time or both) to cause, such Indebtedness to become due prior to its stated maturity; provided that, for purposes of this clause (f), the failure to pay principal or interest in respect of, or observe or perform any other term, covenant, condition or agreement applicable to, one tranche of Consumer Notes shall not, in and of itself, constitute the failure to pay principal or interest in respect of, or observe or perform any other term, covenant, condition or agreement applicable to, any other tranche of Consumer Notes;
(g)    an involuntary proceeding shall be commenced or an involuntary petition shall be filed in a court of competent jurisdiction seeking (i) relief in respect of the Company, any Borrowing Subsidiary or any Restricted Subsidiary, or of a substantial part of the property or assets of the Company, any Borrowing Subsidiary or any Restricted Subsidiary, under Title 11 of the United States Code, as now constituted or hereafter amended, or any other Federal or state bankruptcy, insolvency, receivership or similar law, (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Company, any Borrowing Subsidiary or any Restricted Subsidiary or for a substantial part of the property or assets of the Company, any Borrowing Subsidiary or any Restricted Subsidiary, or (iii) the winding up or liquidation of the Company, any Borrowing Subsidiary or any Restricted Subsidiary; and 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; or any Governmental Authority having jurisdiction over the Company, any Borrowing Subsidiary or any Restricted Subsidiary shall issue any order or commence any proceeding for the conservation or administration of the Company, any Borrowing Subsidiary or any Restricted Subsidiary or shall take any similar action;
(h)    the Company, any Borrowing Subsidiary or any Restricted Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking relief under Title 11 of the United States Code, as now constituted or hereafter amended, or any other Federal or state bankruptcy, insolvency, receivership or similar law, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or the filing of any petition described in (g) above, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Company, any Borrowing Subsidiary or any Restricted Subsidiary or for a substantial part of the property or assets of the Company, any Borrowing Subsidiary or any Restricted Subsidiary, (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, (vi) become unable, admit in writing its inability or fail generally to pay its debts as they become due, or (vii) take any action for the purpose of effecting any of the foregoing;
(i)    one or more final judgments shall be entered by any court against the Company or any of the Subsidiaries for the payment of money in an aggregate amount in excess of US$100,000,000 (in excess of any amount thereof that is fully covered by independent third party insurance where the insurer has been advised of the claim and has 

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not disputed coverage), and such judgment or judgments shall not have been paid, discharged or stayed for a period of 60 days, or a warrant of attachment or execution or similar process shall have been issued or levied against property of the Company or any of the Subsidiaries to enforce any such judgment or judgments;
(j)    an ERISA Event shall have occurred that, in the opinion of the Required Lenders, when taken together with all other such ERISA Events, could reasonably be expected to result in a Material Adverse Effect; or
(k)    a Change in Control shall occur;
then, and in every such event (other than an event with respect to the Company or any Restricted Subsidiary described in paragraph (g) or (h) above), and at any time thereafter during the continuance of such event, the Administrative Agent, at the request of the Required Lenders, shall, by notice to the Company, take either or both of the following actions, at the same or different times:  (i) terminate forthwith the Commitments and (ii) declare the Loans then outstanding to be forthwith due and payable in whole or in part, whereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of the Borrowers accrued hereunder, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived anything contained herein to the contrary notwithstanding; and, in the case of any event with respect to the Company or any Restricted Subsidiary described in paragraph (g) or (h) above, the Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of the Borrowers accrued hereunder shall automatically become due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived anything contained herein to the contrary notwithstanding.
After the exercise of remedies provided for in the foregoing paragraph, any amount received by the Administrative Agent pursuant to the provisions of this Article VI shall be applied by the Administrative Agent in the following order:
First, to payment of fees, indemnities, expenses and other amounts (including fees, charges and disbursements of counsel to the Administrative Agent) payable to the Administrative Agent in its capacity as such;
Second, to payment of fees, indemnities and other amounts (other than (i) principal of and interest on Loans and unreimbursed LC Disbursements and (ii) the Commitment Fees and the LC Participation Fees) payable to the Lenders and any LC Issuer (including fees, charges and disbursements of counsel to the respective Lenders and each LC Issuer), ratably among them in proportion to the respective amounts described in this clause Second payable to them;
Third, to payment of accrued and unpaid Commitment Fees and LC Participation Fees and interest on the Loans and unreimbursed LC Disbursements, ratably 

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among the Lenders and each LC Issuer in proportion to the respective amounts described in this clause Third payable to them;
Fourth, to payment of unpaid principal of the Loans and unreimbursed LC Disbursements, ratably among the Lenders and each LC Issuer in proportion to the respective amounts described in this clause Fourth held by them; and
Last, the balance, if any, to the Borrowers or as otherwise required by law.
ARTICLE VII
Guarantee
In order to induce the Lenders to extend credit to the Borrowing Subsidiaries hereunder, the Company hereby unconditionally and irrevocably guarantees, as a primary obligor and not merely as a surety, the due and punctual payment and performance, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, of the Guaranteed Obligations.  The Company further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice or further assent from it and that it will remain bound upon its guarantee notwithstanding any extension or renewal of any Guaranteed Obligations.
The Company waives presentment to, demand of payment from and protest to the Borrowing Subsidiaries of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment.  The obligations of the Company hereunder shall not be affected by (a) the failure of any Lender to assert any claim or demand or to enforce any right or remedy against the Borrowing Subsidiaries under the provisions of this Agreement or otherwise; (b) any rescission, waiver, amendment or modification of any of the terms or provisions of this Agreement, any guarantee or any other agreement; (c) any law, regulation or order of any jurisdiction, or any other event, affecting any term of any Guaranteed Obligation or any Lender’s rights with respect thereto; or (d) the failure of any Lender to exercise any right or remedy against any other guarantor of the Guaranteed Obligations.  The Company hereby agrees that any payments in respect of the Guaranteed Obligations pursuant to this Article VII will be paid to the Administrative Agent without setoff or counterclaim, in the currencies of such Guaranteed Obligations, at the Administrative Agent’s Office.
The Company further agrees that its guarantee constitutes a guarantee of payment when due and not of collection, and waives any right to require that any resort be had by the Administrative Agent or any Lender to any security, if any, held for payment of the Guaranteed Obligations or to any balance of any deposit account or credit on its books, in favor of the Borrowing Subsidiaries or any other person.
The obligations of the Company hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense 

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or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Guaranteed Obligations or otherwise.  Without limiting the generality of the foregoing, the obligations of the Company hereunder shall not be discharged or impaired or otherwise affected by the failure of the Administrative Agent or any Lender to assert any claim or demand or to enforce any remedy under this Agreement, any guarantee or any other agreement, by any waiver or modification of any provision thereof, by any default, failure or delay, willful or otherwise, in the performance of the Guaranteed Obligations, or by any other act or omission which may or might in any manner or to any extent vary the risk of the Company or otherwise operate as a discharge of the Company as a matter of law or equity.
To the extent permitted by applicable law, the Company waives any defense based on or arising out of any defense available to the Borrowing Subsidiaries, including any defense based on or arising out of any disability of the Borrowing Subsidiaries, or the unenforceability of the Guaranteed Obligations or any part thereof from any cause, or the cessation from any cause of the liability of the Borrowing Subsidiaries, other than final payment in full of the Guaranteed Obligations.  The Administrative Agent and the Lenders may, at their election, foreclose on any security held by one or more of them by one or more judicial or non-judicial sales, or exercise any other right or remedy available to them against the Borrowing Subsidiaries, or any security without affecting or impairing in any way the liability of the Company hereunder except to the extent the Guaranteed Obligations have been fully and finally paid.  The Company waives any defense arising out of any such election even though such election operates to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of the Company against the Borrowing Subsidiaries or any security.
The Company further agrees that its guarantee shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of principal of or interest on any Guaranteed Obligation is rescinded or must otherwise be restored by any Lender upon the bankruptcy or reorganization of any Borrowing Subsidiary or otherwise.
In furtherance of the foregoing and not in limitation of any other right which the Administrative Agent or any Lender may have at law or in equity against the Company by virtue hereof, upon the failure of any Borrowing Subsidiary to pay any Guaranteed Obligation when and as the same shall become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, the Company hereby promises to and will, upon receipt of written demand by the Administrative Agent or any Lender, forthwith pay or cause to be paid to the Administrative Agent or such Lender in cash the amount of such unpaid Guaranteed Obligation.
Until the termination of this Agreement and the commitments hereunder, and the repayment in full of all amounts due under this Agreement, the Company hereby irrevocably waives and releases any and all rights of subrogation, indemnification, reimbursement and similar rights which it may have against or in respect of the Borrowing Subsidiaries at any time relating to the Guaranteed Obligations, including all rights that 

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would result in its being deemed a “creditor” of the Borrowing Subsidiaries under the United States Code as now in effect or hereafter amended, or any comparable provision of any successor statute.
ARTICLE VIII
The Administrative Agent
SECTION 8.01.    Appointment and Authority.  Each of the Lenders and LC Issuers hereby irrevocably appoints Bank of America to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto.  Except as expressly provided herein, the provisions of this Article VIII are solely for the benefit of the Administrative Agent, the Lenders and LC Issuers, and none of the Borrowers shall have rights as a third party beneficiary of any of such provisions.  It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law.  Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties.
SECTION 8.02.    Rights as a Lender.  The person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender or an LC Issuer as any other Lender or LC Issuer and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the person serving as the Administrative Agent hereunder in its individual capacity.  Such person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with any of the Borrowers or any Subsidiary or other Affiliate thereof as if such person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders or any LC Issuer.
SECTION 8.03.    Exculpatory Provisions.  The Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature.  Without limiting the generality of the foregoing, the Administrative Agent:
(a)    shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;
(b)    shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise 

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as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents); provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable law; and
(c)    shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to any of the Borrowers or any of their Affiliates that is communicated to or obtained by the person serving as the Administrative Agent or any of its Affiliates in any capacity.
The Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Article VI and 9.07) or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment.  The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given in writing to the Administrative Agent by a Borrower, a Lender or an LC Issuer.
The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in Article V or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent.
SECTION 8.04.    Reliance by Administrative Agent.  The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any telephonic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper person.  The Administrative Agent also may rely upon, and shall not incur any liability for relying thereon, any statement made to it orally or by telephone and believed by it to have been made by the proper person and may act upon such statement prior to receipt of written confirmation thereof.  In determining compliance with any condition hereunder to the making of a Loan, or the issuance, extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or an LC Issuer, the Administrative Agent may presume that such condition is satisfactory to such 

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Lender or an LC Issuer unless the Administrative Agent shall have received notice to the contrary from such Lender or LC Issuer prior to the making of such Loan or the issuance of such Letter of Credit.  The Administrative Agent may consult with legal counsel (who may be counsel for any of the Borrowers), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.
SECTION 8.05.    Delegation of Duties.  The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent.  The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through its Affiliates and its or its Affiliates’ partners, directors, officers, employees, agents and advisors.  The exculpatory provisions of this Article shall apply to any such sub-agent and to the Affiliates, partners, directors, officers, employees, agents and advisors of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facility provided for herein as well as activities as Administrative Agent.
SECTION 8.06.    Resignation of Administrative Agent.  The Administrative Agent may at any time give notice of its resignation to the Lenders, an LC Issuer and the Company.  Upon receipt of any such notice of resignation, the Required Lenders shall have the right (with the consent of Company unless an Event of Default shall have occurred and be continuing) to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States.  If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation (or such earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Administrative Agent may (but shall not be obligated to) on behalf of the Lenders and the LC Issuers (with the consent of Company unless an Event of Default shall have occurred and be continuing) appoint a successor Administrative Agent meeting the qualifications set forth above; provided that if the Administrative Agent shall notify the Company, the LC Issuers and the Lenders that no qualifying person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice on the Resignation Effective Date.  If the Person serving as Administrative Agent is a Defaulting Lender pursuant to clause (d) of the definition thereof, the Required Lenders may, to the extent permitted by applicable law, by notice in writing to the Company and such Person remove such Person as Administrative Agent and, with the consent of Company unless an Event of Default shall have occurred and be continuing, appoint a successor. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the Required Lenders) (the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date.  With effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (a) the retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents 

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and (b) except for any indemnity payments or other amounts then owed to the retiring or removed Administrative Agent, all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and LC Issuer directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section.  Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or removed) Administrative Agent (other than as provided for in Section 2.20(f) and other than any rights to indemnity payments or other amounts owed to the retiring or removed Administrative Agent as of the Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section).  The fees payable by any Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between such Borrower and such successor.  After the retiring or removed Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of this Article VIII and Section 9.05 shall continue in effect for the benefit of such retiring or removed Administrative Agent, its sub-agents and their respective Affiliates and the partners, directors, officers, employees, agents and advisors of any of the foregoing in respect of any actions taken or omitted to be taken by any of them while the retiring or removed Administrative Agent was acting as Administrative Agent.
Any resignation by Bank of America as Administrative Agent pursuant to this Section shall also constitute its resignation as an LC Issuer.  If Bank of America resigns as an LC Issuer, it shall retain all the rights, powers, privileges and duties of an LC Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as an LC Issuer and all LC Exposure with respect thereto, including the right to require the Lenders to make Base Rate Loans or fund risk participations in LC Disbursements that have not yet been reimbursed by or on behalf of the applicable Borrowers, pursuant to Section 2.06(e).  Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring LC Issuer, (b) the retiring LC Issuer shall be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents, and (c) the successor LC Issuer shall issue Letters of Credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to Bank of America to effectively assume the obligations of Bank of America with respect to such outstanding Letters of Credit.
SECTION 8.07.    Non-Reliance on Administrative Agent and Other Lenders.  Each Lender and LC Issuer acknowledges that it has, independently and without reliance upon the Administrative Agent, any other Lender, any Affiliates of the Administrative Agent or any other Lender or any partners, directors, officers, employees, agents and advisors of any of the foregoing 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 LC Issuer also acknowledges that it will, independently and 

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without reliance upon the Administrative Agent, any other Lender, any Affiliate of the Administrative Agent or any other Lender or any partners, directors, officers, employees, agents and advisors of any of the foregoing and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder.
SECTION 8.08.    No Other Duties, Etc.  Anything herein to the contrary notwithstanding, none of the Arrangers or syndication agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents (except in its capacity, as applicable, as the Administrative Agent, a Lender or an LC Issuer).
ARTICLE IX
Miscellaneous
SECTION 9.01.    Notices.  (a) Notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed or sent by telecopy, as follows:
(i)    if to any Borrower, to The Hartford Financial Services Group, Inc., One Hartford Plaza, Hartford, CT 06155, Attention of Mr. Robert W. Paiano (Telecopy No. 860-547-2878); with a copy to Mr. Donald C. Hunt, The Hartford Financial Services Group, Inc., One Hartford Plaza, Hartford CT 06155 (Telecopy No. 860-547-6959);
(ii)    if to the Administrative Agent, to the address, facsimile number, electronic mail address or telephone number specified for it on Schedule 9.01;
(iii) if to Bank of America as LC Issuer, to the address, facsimile number, electronic mail address or telephone number specified for it on Schedule 9.01; and
(iv) if to any other Lender or LC Issuer, to it at its address (or telecopy number) set forth in its Administrative Questionnaire.
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 if delivered by hand or overnight courier service or sent by telecopy to such party as provided in this Section or in accordance with the latest unrevoked direction from such party given in accordance with this Section (except that, if such notice is not received during normal business hours for the recipient, it shall be deemed to have been given at the opening of business on the next business day for the recipient).
(b) THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.”  THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE 

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ACCURACY OR COMPLETENESS OF THE COMPANY MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE COMPANY MATERIALS.  NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE COMPANY MATERIALS OR THE PLATFORM.  In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Company, any of its Subsidiaries, any Lender, any LC Issuer or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Company’s, any of its Subsidiaries’ or the Administrative Agent’s transmission of Company Materials or notices through the Platform, any other electronic platform or electronic messaging service, or through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are the result of the gross negligence or willful misconduct of such Agent Party.
SECTION 9.02.    Survival of Agreement.  All covenants, agreements, representations and warranties made by the Borrowers herein and in the certificates or other instruments prepared or delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the Lenders and the LC Issuers and shall survive the making by the Lenders of the Loans or the issuance by an LC Issuer of any Letters of Credit regardless of any investigation made by the Lenders or the LC Issuers or on their behalf, 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, any Letter of Credit is outstanding or the Commitments have not been terminated.
SECTION 9.03.    Binding Effect.  This Agreement shall become effective on the Effective Date when it shall have been executed by each Borrower and the Administrative Agent and when the Administrative Agent shall have received copies hereof (telecopied or otherwise) which, when taken together, bear the signature of each Lender, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the Borrowers shall not have the right to assign any rights hereunder or any interest herein without the prior consent of all the Lenders.
SECTION 9.04.    Successors and Assigns.   (a) Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party (including any Affiliate of an LC Issuer that issues any Letter of Credit); and all covenants, promises and agreements by or on behalf of any party that are contained in this Agreement shall bind and inure to the benefit of its successors and assigns (including any Affiliate of an LC Issuer that issues any Letter of Credit).
(b)    Each Lender may assign to one or more assignees (other than a natural Person, a Defaulting Lender or the Company or any of the Company’s Affiliates or 

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Subsidiaries) all or a portion of its interests, rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans at the time owing to it); provided, however, that (i) except in the case of an assignment to a Lender or a Lender Affiliate, the Company (except when there exists a Default or an Event of Default) and the Administrative Agent must give their prior written consent to such assignment (which consent shall not be unreasonably withheld); provided that the Company shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within 10 Business Days after having received written notice (sent in accordance with Section 9.01) of such proposed assignment; (ii) the parties to each such assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, and a processing and recordation fee of US$3,500; (iii) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire; and (iv) the amount of the Commitments of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent) shall not be less than US$5,000,000 and the amount of the Commitments of such Lender remaining after such assignment shall not be less than US$5,000,000 or shall be zero.  Upon acceptance and recording pursuant to paragraph (e) of this Section, from and after the effective date specified in each Assignment and Assumption, which effective date shall be at least five Business Days after the execution thereof, (A) 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 (B) 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 or the remaining portion of an 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 2.14, 2.16, 2.20 and 9.05, as well as to any Fees accrued for its account hereunder and not yet paid)). Notwithstanding the foregoing, any Lender assigning its rights and obligations under this Agreement may retain any Competitive Loans made by it outstanding at such time, and in such case shall retain its rights hereunder in respect of any Loans so retained until such Loans have been repaid in full in accordance with this Agreement.
(c)    By executing and delivering an Assignment and Assumption, the assigning Lender thereunder and the assignee thereunder shall be deemed to confirm to and agree with each other and the other parties hereto as follows:  (i) such assigning Lender warrants that it is the legal and beneficial owner of the interest being assigned thereby free and clear of any adverse claim; (ii) except as set forth in (i) above, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement, or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other instrument or document furnished pursuant hereto or the financial condition of the Borrowers or the performance or observance by the Borrowers of any obligations under this Agreement or any other instrument or document furnished pursuant hereto; (iii) such assignee represents and warrants that it is legally authorized to enter into such Assignment and Assumption; (iv) such assignee confirms that it has received a copy 

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of this Agreement, together with copies of the most recent financial statements delivered pursuant to Section 5.03 and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Assumption; (v) such assignee will independently and without reliance upon the Administrative Agent, such assigning Lender or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement; (vi) such assignee appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under this Agreement as are delegated to the Administrative Agent by the terms hereof, together with such powers as are reasonably incidental thereto; and (vii) such assignee agrees that it will perform in accordance with their terms all the obligations which by the terms of this Agreement are required to be performed by it as a Lender.
(d)    The Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at one of its offices in Charlotte, North Carolina a copy of each Assignment and Assumption delivered to it and records of the names and addresses of the Lenders, and the Commitments of, and the 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 in the absence of manifest error and the Borrowers, the Administrative Agent, each LC Issuer and the Lenders may treat each person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement.  The Register shall be available for inspection by each party hereto, at any reasonable time and from time to time upon reasonable prior notice.
(e)    Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee together with an Administrative Questionnaire completed in respect of the assignee (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) above and the written consent of the Company to such assignment, the Administrative Agent shall (i) accept such Assignment and Assumption and (ii) record the information contained therein in the Register.
(f)    Each Lender may sell participations to one or more banks or other entities (other than a natural Person, a Defaulting Lender or the Company or any of the Company’s Affiliates or Subsidiaries) in all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans owing to it); provided, however, that (i) such Lender’s obligations under this Agreement shall remain unchanged; (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations; (iii) each participant shall be entitled to the benefit of the cost protection provisions contained in Sections 2.14, 2.16 and 2.20 to the same extent as if it were the selling Lender (and limited to the amount that could have been claimed by the selling Lender had it continued to hold the interest of such participant and subject to such participant’s agreement with such Lender to comply with Sections 2.20(g) as though 

89

it were a Lender), except that all claims made pursuant to such Sections shall be made through such selling Lender; and (iv) the Borrowers, the Administrative Agent, each LC Issuer and the other Lenders shall continue to deal solely and directly with such selling Lender in connection with such Lender’s rights and obligations under this Agreement.  Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, 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 hereunder or under any other Loan Document (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any participant or any information relating to a participant’s interest in any Commitments, Loans, Letters of Credit or its other obligations hereunder or under any other Loan Document) to any person except to the extent that such disclosure is necessary to establish that such Commitment, Loan, Letter of Credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations.  The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary.  For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining any Participant Register.
(g)    Any Lender or participant may, in connection with any assignment or participation or proposed assignment or participation pursuant to this Section, disclose to the assignee or participant or proposed assignee or participant any information relating to the Borrowers furnished to such Lender; provided that, prior to any such disclosure, each such assignee or participant or proposed assignee or participant shall execute an agreement whereby such assignee or participant shall agree (subject to customary exceptions) to preserve the confidentiality of any such information.
(h)    The Borrowers shall not assign or delegate any rights and duties hereunder without the prior written consent of all Lenders.
(i)    No assignment shall be made by any Global Tranche Lender of its Global Tranche Commitment to any Person that, through its Lending Offices, is not capable of lending the applicable Alternative Currencies to the Borrowers and receiving related payments of interest free of Indemnified Taxes, except to the extent that the assignor was subject to such Indemnified Taxes immediately prior to such assignment.  
(j)    Any Lender may at any time pledge all or any portion of its rights under this Agreement, including to a Federal Reserve Bank or other central banking authority; provided that no such pledge shall release any Lender from its obligations hereunder or substitute any such Bank for such Lender as a party hereto.  In order to facilitate such an assignment to a Federal Reserve Bank, each Borrower shall, at the request of the assigning Lender, duly execute and deliver to the assigning Lender a promissory note or notes evidencing the Loans made to such Borrower by the assigning Lender hereunder.

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SECTION 9.05.    Expenses; Indemnity.  (a) The Company agrees to pay all reasonable out-of-pocket expenses (i) incurred by the Administrative Agent and its Affiliates in connection with the syndication of the credit facility provided for herein, the preparation, execution, delivery and administration of this Agreement or any amendments, modifications or waivers of the provisions hereof, (ii) incurred by any LC Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder or (iii) incurred by the Administrative Agent, any LC Issuer or any Lender in connection with the enforcement or protection of their rights in connection with this Agreement or in connection with the Loans made or Letters of Credit issued hereunder, in each case including the reasonable fees and disbursements of counsel for the Administrative Agent or, in the case of enforcement costs and documentary taxes, the Lenders.
(b)    The Borrowers agree to indemnify the Administrative Agent, each Lender, each Arranger, each of their Affiliates and the directors, officers, employees and agents of the foregoing (each such person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel fees and expenses, incurred by or asserted against any Indemnitee arising out of (i) the arrangement and syndication of the credit facility established hereby, (ii) the consummation of the transactions contemplated by this Agreement; (iii) the use of the proceeds of the Loans and Letters of Credit (including any refusal by any LC Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit); or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto and whether commenced by a third party or by a Borrower; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (A) are determined by a final non-appealable judgment of a court of competent jurisdiction to have resulted from the gross negligence, willful misconduct or bad faith of such Indemnitee or from a material breach by such Indemnitee in the performance of any agreement hereunder that (other than with respect to a material breach by such Indemnitee of its obligations under Section 9.17) continues after such Indemnitee becomes aware that it is in breach or (B) result from disputes solely between or among Indemnitees (other than any claims against any Indemnitee in its capacity as the Administrative Agent, an Arranger, a syndication agent or a LC Issuer (in each case, acting in its capacity as such hereunder)) and not arising out of or involving any act or omission of the Company or any of its Subsidiaries (including its and their directors, officers, employees and agents).  This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, or liabilities arising from any non-Tax claim.
(c)    To the extent that the Borrowers fail to pay any amount required to be paid by them under paragraph (a) or (b) of this Section to the Administrative Agent (or any sub-agent thereof) or any LC Issuer or any Indemnitee related to any of the foregoing (and without limiting their obligation to do so), each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), such LC Issuer or such Indemnitee, as the 

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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 sub-agent) or such LC Issuer in its capacity as such, or against any Indemnitee related to any of the foregoing acting for the Administrative Agent (or any such sub-agent) or any LC Issuer in connection with such capacity.  For purposes of this Section, a Lender’s “pro rata share” shall be determined based upon its share of the aggregate Revolving Credit Exposures and unused Commitments.
(d)    The provisions of this Section shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the termination of any of the Letters of Credit or reimbursement of any LC Disbursement, the invalidity or unenforceability of any term or provision of this Agreement or any investigation made by or on behalf of the Administrative Agent, any LC Issuer or any Lender.  All amounts due under this Section shall be payable on written demand therefor.
(e)    To the extent permitted by applicable law, no party hereto shall assert, and each hereby waives, any claim against all other parties hereto, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof; provided that nothing contained in this Section 9.05(e) shall limit the indemnity and reimbursement obligations of the Borrowers set forth in Section 9.05(b) hereof.
SECTION 9.06.    APPLICABLE LAW.  THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.
SECTION 9.07.    Waivers; Amendment.  (a) No failure or delay of the Administrative Agent, any LC Issuer or any Lender in exercising any power or right hereunder 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, each LC Issuer and the Lenders hereunder are cumulative and are not exclusive of any rights or remedies which they would otherwise have.  No waiver of any provision of this Agreement or consent to any departure therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) below, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given.  No notice or demand on any Borrower or any Subsidiary 

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in any case shall entitle such party to any other or further notice or demand in similar or other circumstances.
(b)    Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Borrowers and the Required Lenders; provided, however, that (i) any provision of this Agreement or any other Loan Document may be amended by an agreement in writing entered into by the Company and the Administrative Agent to cure any ambiguity, omission, defect or inconsistency so long as, in each case, (A) such amendment does not adversely affect the rights of any Lender or (B) the Lenders shall have received at least five Business Days’ prior written notice thereof and the Administrative Agent shall not have received, within five Business Days of the date of such notice to the Lenders, a written notice from the Required Lenders stating that the Required Lenders object to such amendment and (ii) no such agreement shall (A) decrease the principal amount of, or extend the maturity of or any scheduled principal payment date or date for the payment of any interest on any Loan or LC Disbursement or any Fee or other amount due hereunder or waive or excuse any such payment or any part thereof, or decrease the rate of interest on any Loan, without the prior written consent of each Lender affected thereby; (B) increase or extend the Commitment or decrease any Fee or other amount owing to any Lender without the prior written consent of such Lender; (C) limit or release the guarantee set forth in Article VII without the prior written consent of each Lender; (D) amend or modify the provisions of Section 2.17 or Section 9.04(h), the provisions of this Section or the definition of the “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder, without the prior written consent of each Lender (except that the Commitment of any Defaulting Lender may be decreased or terminated on a non-pro rata basis with the consent of the Required Lenders); or (E) change any provisions of any Loan Document in a manner that by its terms adversely affects the rights in respect of payments due to Lenders holding Loans of any Class differently than those due to Lenders holding Loans of any other Class without the written consent of Lenders representing a majority in interest of each affected Class; provided further, however, that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent or any LC Issuer hereunder without the prior written consent of the Administrative Agent or such LC Issuer, as applicable.  Each Lender shall be bound by any waiver, amendment or modification authorized by this Section and any consent by any Lender pursuant to this Section shall bind any assignee of its rights and interests hereunder.
SECTION 9.08.    Entire Agreement.  This Agreement and the agreements referred to in Section 2.07 constitute the entire contract among the parties relative to the subject matter hereof and supersede any previous agreement among the parties with respect to the subject matter hereof (but do not supersede any provisions of any commitment letter or fee letter that by the terms of such document survive the termination thereof or the execution and delivery of this Agreement, all of which provisions shall remain in full force and effect).  Nothing in this Agreement, expressed or implied, is intended to confer upon 

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any party other than the parties hereto any rights, remedies, obligations or liabilities under or by reason of this Agreement.
SECTION 9.09.    Severability.  In the event any one or more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby.  The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.
SECTION 9.10.    Counterparts.  This Agreement may be executed in two or more counterparts, each of which shall constitute an original but all of which when taken together shall constitute but one contract, and shall become effective as provided in Section 9.03.
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 are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement.
SECTION 9.12.    Right of Setoff.  If an Event of Default shall have occurred and be continuing, each Lender and LC Issuer, 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) at any time held and other indebtedness at any time owing by such Lender, LC Issuer or Affiliate to or for the credit of a Borrower against any obligation of such Borrower now or hereafter existing under this Agreement held by such Lender, LC Issuer or Affiliate, irrespective of whether or not such Lender, LC Issuer or Affiliate shall have made any demand under this Agreement and although such obligations may be unmatured.  Each Lender and LC Issuer agrees promptly to notify the applicable Borrower and the Administrative Agent after such setoff and application made by such Lender or LC Issuer or one of its Affiliates, but the failure to give such notice shall not affect the validity of such setoff and application.  The rights of each Lender and LC Issuer under this Section are in addition to other rights and remedies (including other rights of setoff) which such Lender may have.
SECTION 9.13.    Jurisdiction; Consent to Service of Process.  (a) Each Borrower hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of any New York State court or Federal court of the United States of America sitting in the Borough of Manhattan of the City of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or for recognition or enforcement of any judgment.  Each Borrower, the Administrative Agent and each LC Issuer and Lender hereby irrevocably and unconditionally agrees that all claims in respect of any action or proceeding arising out of or relating to this Agreement may be heard and determined in such New York State or, to the extent permitted by law, in 

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such Federal court.  Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.
(b)    Each of the parties hereto hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or thereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any New York State or Federal court.  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.
(c)    Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.01.  Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law.  Each Borrowing Subsidiary that is not organized in the United States of America, any State thereof or the District of Columbia hereby irrevocably designates, appoints and empowers the Company as its process agent to receive for and on its behalf service of process in any legal action or proceeding arising out of or relating to that Agreement.
SECTION 9.14.    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 RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT.  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 other parties hereto have been induced to enter into this Agreement by, among other things, the mutual waivers and certification in this Section.
SECTION 9.15.    Addition of Borrowing Subsidiaries.  The Company may at any time and from time to time designate any Subsidiary as a Borrowing Subsidiary by delivery to the Administrative Agent of a Borrowing Subsidiary Agreement executed by such Subsidiary and the Company for countersignature by the Administrative Agent.  As soon as practicable upon receipt thereof, the Administrative Agent shall post a copy of such Borrowing Subsidiary Agreement for review by the Lenders.  Each Borrowing Subsidiary Agreement shall be countersigned by the Administrative Agent and shall become effective on the date 15 Business Days after it has been posted by the Administrative Agent (but in no event before the fifth Business Day after the receipt by any Lender of any information reasonably requested by it not later than the third Business Day after the posting date of such Borrowing Subsidiary Agreement under the USA Patriot Act or other “know-your-customer” laws), unless prior thereto the Administrative Agent shall have received written notice from any Lender (a) that it is unlawful under Federal or applicable state or foreign law for such Lender to make Loans or otherwise extend credit to or do business with such Subsidiary as provided herein or (b) solely with respect to such Subsidiaries that are organized under the laws of a jurisdiction outside of the United States of America, that such 

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Lender is restricted by operational or administrative procedures or other applicable internal policies from extending credit under this Agreement to Persons in the jurisdiction in which such Subsidiary is located (a “Notice of Objection”), in which case such Borrowing Subsidiary Agreement shall not be countersigned or become effective until such time as such Lender withdraws such Notice of Objection or ceases to be a Lender hereunder.  Upon the effectiveness of a Borrowing Subsidiary Agreement as provided in the preceding sentence, the applicable Subsidiary shall for all purposes of this Agreement be a Borrowing Subsidiary and a party to this Agreement.  In the event that a Lender submits a Notice of Objection, the Company shall have the right, upon notice to such Lender and the Administrative Agent, to require such Lender to transfer and assign without recourse (in accordance with and subject to the restrictions contained in Section 9.04) all interests, rights and obligations contained hereunder to another financial institution which shall assume such obligations; provided that (i) no such assignment shall conflict with any law, rule or regulation or order of any Governmental Authority and (ii) the assignee or the applicable Borrowers, as the case may be, shall pay to the affected Lender in immediately available funds on the date of such assignment the principal of and interest accrued to the date of payment on the Loans made, and participations in LC Disbursements acquired, by it hereunder and all other amounts accrued for its account or owed to it hereunder.  For the avoidance of doubt, the obligations of any Borrowing Subsidiary (i) shall be several in nature, and each Borrowing Subsidiary shall be liable solely for the obligations directly incurred by it as a Borrower Subsidiary hereunder, and (ii) shall be guaranteed by the Company pursuant to Article  VII of this Agreement.
SECTION 9.16.    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 Borrowers 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 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, the Borrowers agree, as a separate obligation and notwithstanding any such judgment, to indemnify the Applicable Creditor against such loss.  The obligations of the Borrowers contained in this Section 9.16 shall survive the termination of this Agreement and the payment of all other amounts owing hereunder.

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SECTION 9.17.    Confidentiality.  Each of the Administrative Agent and the Lenders, on behalf of itself and its Affiliates and agents, agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates involved in the preparation, execution, monitoring and administration of this Agreement and the transactions contemplated thereby, and to such Lender’s and such Affiliates’ directors, officers, employees and agents involved in the preparation, execution, monitoring and administration of this Agreement and the transactions contemplated thereby, 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, and that the Administrative Agent and each Lender, as applicable, shall be responsible for compliance with the provisions of this Section 9.17 by each of its Affiliates to which it discloses Information under this clause (a) and each director, officer, employee and agent of any such Affiliate); (b) to the extent requested by any regulatory or self-regulatory authority; (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process (it being understood the Administrative Agent or the Lender, as applicable, shall notify the Company, to the extent permitted by law, of such required disclosure within a reasonably practicable time after such Agent or Lender gains knowledge of the required disclosure); (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 this Agreement or the enforcement of rights hereunder; (f) subject to an agreement containing provisions substantially the same as those of this Section, to any assignee of or participant in, or any prospective assignee of or participant in, any of its rights or obligations under this Agreement or any direct, indirect, actual or prospective counterparty (and its advisor) to any swap or derivative transaction related to the obligations under this Agreement; (g) with the written consent of the Company; or (h) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section or (ii) is independently developed by a party hereto without utilizing any Information received from a Borrower or violating the terms of this Section 9.17 or received by a party hereto from a source that is not known by such party to have provided, and that such party does not have reasonable grounds to believe has provided, such information in breach of any confidentiality obligation owed to the Company.  For the purposes of this Section, “Information” means all confidential information, including but not limited to all information provided during the Administrative Agent’s and Lenders’ due diligence process regarding this Agreement, received from a Borrower relating to any Borrower or any Subsidiary or any Borrower’s or any Subsidiary’s business. Any person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such person has exercised the same degree of care to maintain the confidentiality of such Information as such person would accord to its own confidential information.  Each of the Administrative Agent, the Lenders and the LC Issuer acknowledges that (a) the Information may include material non-public information concerning the Company or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information and (c) it will handle such material non-public information in accordance with applicable Law, including United States Federal and state securities Laws.

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SECTION 9.18.    USA Patriot Act.  Each Lender hereby notifies the Borrowers that pursuant to the requirements of the USA Patriot Act, it is required to obtain, verify and record information that identifies the Borrowers, which information includes the name and address of the Borrowers and other information that will allow such Lender to identify the Borrowers in accordance with its requirements.  
SECTION 9.19.    No Fiduciary Duty.  Each Borrower agrees that in connection with all aspects of the transactions contemplated hereby and any communications in connection therewith, the Borrowers and their Affiliates, on the one hand, and the Administrative Agent, the Lenders, the LC Issuers and their Affiliates, on the other hand, will have a business relationship that does not create, by implication or otherwise, any fiduciary duty or advisory or agency relationship on the part of the Administrative Agent, the Lenders, the LC Issuers or their Affiliates, and no such duty or relationship will be deemed to have arisen in connection with any such transactions or communications.   The Administrative Agent, each Lender, each LC Issuer and their respective Affiliates may have economic interests that conflict with those of the Company and the Borrowing Subsidiaries, their respective equityholders and/or their respective Affiliates.
SECTION 9.20.    Electronic Execution of Assignments and Certain Other Documents.  The words “execute,” “execution,” “signed,” “signature,” and words of like import in or related to any document to be signed in connection with this Agreement and the transactions contemplated hereby (including without limitation Assignment and Assumptions, amendments or other modifications, Revolving Borrowing Requests, Competitive Bid Requests, waivers and consents) shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, 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; provided that notwithstanding anything contained herein to the contrary the Administrative Agent is under no obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it.
[Signature Pages Follow]

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

THE HARTFORD FINANCIAL SERVICES GROUP, INC., as Borrower,
by
 /s/    Robert W. Paiano                               
Name: Robert W. Paiano
Title: Senior Vice President & Treasurer

[Signature Page to the Credit Agreement]

BANK OF AMERICA, N.A., as Administrative Agent,
by
  /s/ Jason Cassity                                       
Name: Jason Cassity
Title: Director

[Signature Page to the Credit Agreement]

SIGNATURE PAGE TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. FIVE-YEAR REVOLVING CREDIT FACILITY AGREEMENT.
JPMORGAN CHASE BANK, N.A. as a LC Issuer:

By:
   /s/ Melvin Jackson                              
Name: Melvin Jackson
Title: Executive Director

[Signature Page to the Credit Agreement]

SIGNATURE PAGE TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. FIVE-YEAR REVOLVING CREDIT FACILITY AGREEMENT.
Citibank, N.A. as a Syndication Agent and Lender,  
by
  /s/ Maureen Maroney                            
Name: Maureen Maroney
Title: Vice President

SIGNATURE PAGE TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. FIVE-YEAR REVOLVING CREDIT FACILITY AGREEMENT.
Name Of Lender (including, if such Lender is a LC Issuer, in its capacity as a LC Issuer):  
_U.S. Bank National Association_________,

by
   /s/ Ginger So                                      
Name: Ginger So
Title: Senior Vice President
For Lenders requiring a second signature line:
by
                                                          
Name:
Title:

SIGNATURE PAGE TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. FIVE-YEAR REVOLVING CREDIT FACILITY AGREEMENT.
Wells Fargo Bank, National Association a Lender,

by
   /s/ Kimberly Shaffer                         
Name: Kimberly Shaffer
Title: Managing Director

BARCLAYS BANK PLC, as a Lender

by
   /s/ Ronnie Glenn                               
Name: Ronnie Glenn
Title: Vice President

SIGNATURE PAGE TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. FIVE-YEAR REVOLVING CREDIT FACILITY AGREEMENT.
Name Of Lender (including, if such Lender is a LC Issuer, in its capacity as a LC Issuer):  
CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

by
   /s/ Doreen Barr                               
Name:  Doreen Barr
Title: Authorized Signatory
For Lenders requiring a second signature line:
by
  /s/ Remy Riester                             
Name: Remy Riester
Title: Authorized Signatory

SIGNATURE PAGE TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. FIVE-YEAR REVOLVING CREDIT FACILITY AGREEMENT.
DEUTSCHE BANK AG NEW YORK BRANCH (including, if such Lender is a LC Issuer, in its capacity as a LC Issuer):  
______________________________,

by
  /s/ Virginia Cosenza                              
Name: Virginia Cosenza
Title: Vice President
For Lenders requiring a second signature line:
by
   /s/ Ming K. Chu                                    
Name: Ming K. Chu
Title: Vice President

SIGNATURE PAGE TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. FIVE-YEAR REVOLVING CREDIT FACILITY AGREEMENT.
Name Of Lender (including, if such Lender is a LC Issuer, in its capacity as a LC Issuer):  
GOLDMAN SACHS BANK USA, as a Lender

by
    /s/ Rebecca Kratz                            
Name: Rebecca Kratz
Title: Authorized Signatory

SIGNATURE PAGE TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. FIVE-YEAR REVOLVING CREDIT FACILITY AGREEMENT.
State Street Bank and Trust Company

By
 /s/ Deirdre M. Holland                      
Deirdre M. Holland
Vice President

SIGNATURE PAGE TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. FIVE-YEAR REVOLVING CREDIT FACILITY AGREEMENT.
The Bank of New York Mellon:

by
  /s/ Richard G. Shaw                           
Name:  Richard G. Shaw
Title:  Vice President

SIGNATURE PAGE TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. FIVE-YEAR REVOLVING CREDIT FACILITY AGREEMENT.
Branch Banking and Trust Company,

by
  /s/ Mark Edwards                                  
Name: Mark Edwards
Title: Senior Vice President

SIGNATURE PAGE TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. FIVE-YEAR REVOLVING CREDIT FACILITY AGREEMENT.
Name Of Lender (including, if such Lender is a LC Issuer, in its capacity as a LC Issuer):  
THE NORTHERN TRUST COMPANY,

by
   /s/ Peter J. Hallan                                 
Name: Peter J. Hallan
Title: Vice President

SIGNATURE PAGE TO THE HARTFORD FINANCIAL SERVICES GROUP, INC. FIVE-YEAR REVOLVING CREDIT FACILITY AGREEMENT.
The Royal Bank of Scotland plc, as Lender,

by
  /s/ Karen Beatty                                   
Name: Karen Beatty
Title: DirectorEX-10.1

 Exhibit 10.1 

THIRD AMENDMENT AND RESTATEMENT AGREEMENT dated as of October 31, 2014 (this “Amendment”), among KINDRED HEALTHCARE,
INC., a Delaware corporation (the “Borrower”), the Consenting Lenders (as defined below) and JPMORGAN CHASE BANK, N.A., as Administrative Agent (the “Administrative Agent”). 

RECITALS 
 A. The Borrower, the
Lenders party thereto from time to time and the Administrative Agent are party to that certain Second Amended and Restated ABL Credit Agreement dated as of April 9, 2014 (as further amended, amended and restated, supplemented or otherwise
modified from time to time in accordance with the terms thereof, the “Credit Agreement”). 
 B. The Borrower, Kindred
Healthcare Development 2, Inc., a Delaware corporation and a wholly owned subsidiary of the Borrower (“Merger Sub”), and Gentiva Health Services, Inc., a Delaware corporation (“Gentiva”), have entered into an
Agreement and Plan of Merger dated as of October 9, 2014 (together with all exhibits, schedules, annexes and disclosure schedules thereto, collectively, the “Gentiva Merger Agreement”), pursuant to which Merger Sub will merge
with and into Gentiva, with Gentiva continuing as the surviving corporation (the “Gentiva Acquisition”). 
 C. Pursuant to
Section 10.02 of the Credit Agreement, the consent of the Borrower and the Lenders who comprise at least the “Required Lenders” (as defined in the Credit Agreement) is required to effect this Amendment and the amendments set forth
herein. 
 D. Subject to the terms and conditions set forth herein, each Person signing in the capacity of a “Lender” delivering
an executed signature page to this Amendment to the Administrative Agent at or prior to 5:00 p.m., New York City time, on October 30, 2014 (each such Person, or its successor or assigns, as applicable, a “Consenting Lender”)
has consented to this Amendment and agreed to (i) the amendments set forth in Section 2 below, which shall become effective upon the Amendment Effective Date (as defined below), and (ii) the amendments set forth in Section 3
below, which shall become effective upon the Third Amendment and Restatement Date (as defined below). 
 E. Each of Citigroup Global Markets
Inc. and J.P. Morgan Securities LLC have agreed to act as joint lead arrangers and joint bookrunners (in such capacities, the “Lead Arrangers”) in arranging this Amendment, which the Borrower acknowledges hereby. 

AGREEMENTS 
 In consideration of
the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrower, the Administrative Agent and the Consenting Lenders hereby agree as follows: 

SECTION 1. Defined Terms. Capitalized terms used herein (including in the recitals hereto) and not otherwise defined herein shall have
the meanings assigned to such terms in the Credit Agreement. The rules of construction specified in Section 1.03 of the Credit Agreement also apply to this Amendment mutatis mutandis. 

SECTION 2. Amendment of the Credit Agreement. The Borrower, the Administrative Agent and the Consenting Lenders agree that, subject to
the terms and conditions set forth herein, on the Amendment Effective Date: 

 (a) the Credit Agreement shall be amended to include the amendments described in
Annex A hereto (the “Amended Credit Agreement”); 
 (b) as used in the Amended Credit Agreement, the
terms “Agreement”, “this Agreement”, “herein”, “hereinafter”, “hereto”, “hereof” and words of similar import shall, unless the context otherwise requires, from and after the date hereof,
mean or refer to the Amended Credit Agreement; and 
 (c) as used in any other Financing Document, all references to the
“Credit Agreement” in such Financing Documents shall, unless the context otherwise requires, mean or refer to the Amended Credit Agreement. 

SECTION 3. Third Amendment and Restatement of the Credit Agreement. The Borrower, the Administrative Agent and the Consenting Lenders
agree that, subject to the terms and conditions set forth herein, on the Third Amendment and Restatement Date: 
 (a) the
Amended Credit Agreement shall be further amended and restated to read in its entirety in the form of the Third Amended and Restated Credit Agreement attached as Annex B hereto (the “Third Amended and Restated Credit
Agreement”); 
 (b) as used in the Third Amended and Restated Credit Agreement, the terms “Agreement”,
“this Agreement”, “herein”, “hereinafter”, “hereto”, “hereof” and words of similar import shall, unless the context otherwise requires, from and after the Third Amendment and Restatement Date, mean
or refer to the Third Amended and Restated Credit Agreement; and 
 (c) as used in any other Financing Document, all
references to the “Credit Agreement” in such Financing Documents shall, unless the context otherwise requires, mean or refer to the Third Amended and Restated Credit Agreement. 

SECTION 4. Conditions to the Amendment Effective Date. The “Amendment Effective Date” shall be the date on which the
following conditions shall have been satisfied: 
 (a) The Administrative Agent (or its counsel) shall have received from
(i) the Borrower, (ii) the Consenting Lenders who comprise at least the Required Lenders and (iii) the Administrative Agent, either (x) counterparts of this Amendment signed on behalf of such parties or (y) written evidence
satisfactory to the Administrative Agent (which may include facsimile or other electronic transmissions of signed signature pages) that such parties have signed counterparts of this Amendment. 

(b) Immediately before and immediately after the Amendment Effective Date, (i) no Event of Default shall have occurred and
be continuing and (ii) the representations and warranties (x) of each Credit Party set forth in the Financing Documents and (y) in Section 6 of this Amendment shall be true and correct in all material respects as of the Amendment
Effective Date (it being understood that, to the extent that any such representation and warranty specifically refers to an earlier date, it shall be true and correct in all material respects as of such earlier date and any such representation and
warranty that is qualified as to “materiality,” “material adverse effect” or similar language shall be true and correct in all respects (after giving effect to any such qualification therein)). 

  
 -2- 

 (c) The Administrative Agent shall have received a certificate of an appropriate
officer of the Borrower certifying that the conditions set forth in Section 4(b) of this Amendment have been satisfied. 

(d) The Administrative Agent and the Lead Arrangers shall have received on or prior to the Amendment Effective Date, in
immediately available funds, payment or reimbursement (or the Borrower shall have made arrangements reasonably satisfactory to the Administrative Agent for such payment or reimbursement) of all costs, fees, out-of-pocket expenses, compensation and
other amounts then due and payable in connection with this Amendment, including all reasonable invoiced fees and expenses of Cahill Gordon & Reindel LLP, as counsel to the Administrative Agent and the Lead Arrangers, to the
extent invoiced at least two (2) Business Days prior to the Amendment Effective Date. 
 SECTION 5. Conditions to the Third
Amendment and Restatement Date. The “Third Amendment and Restatement Date” shall be the date (which shall not be later than after the earlier of (i) March 31, 2015 and (ii) the time at which the Gentiva Merger Agreement
has been irrevocably terminated in accordance with its terms (such earlier date, the “End Date”), unless the Lead Arrangers, in their discretion, agree to an extension of the End Date) on which the following conditions shall have
been satisfied: 
 (a) (i) Except as set forth in the correspondingly numbered section of the disclosure letter, dated as of
the date hereof and delivered by Gentiva to the Borrower prior to the execution of the Gentiva Merger Agreement (the “Company Disclosure Letter”), or in another section of the Company Disclosure Letter to the extent that
it is reasonably apparent on the face of such disclosure that such disclosure is applicable to such section, and except as set forth in the reports, schedules, forms, statements and other documents filed by Gentiva with, or furnished by Gentiva to,
the United States Securities and Exchange Commission (the “SEC”) pursuant to sections 13(a), 13(c), 14 or 15(d) of the Exchange Act from January 1, 2014 until the date hereof to the extent that it is reasonably apparent
on the face of such disclosure that such disclosure is applicable to the condition set forth in this clause (a)(i), but excluding any disclosure contained in any such reports, schedules, forms, statements and other documents under the heading
“Risk Factors” or “Cautionary Statement Regarding Forward-Looking Statements” or similar heading and any other disclosures contained or referenced therein of information, factors or risks
to the extent they are predictive, cautionary or forward looking, since December 31, 2013 until the date of the Gentiva Merger Agreement, there has not been or occurred any Company Material Adverse Effect (as defined in the Gentiva Merger
Agreement) or any event, occurrence, fact, condition or change that has had or would reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect and (ii) since the date of the Gentiva Merger Agreement,
there shall not have been any Company Material Adverse Effect or any event, occurrence, fact, condition, change or effect that would reasonably be expected to have, individually or in the aggregate with all other events, occurrences, facts,
conditions, changes and effects, a Company Material Adverse Effect. 
 (b) The Gentiva Acquisition shall have been
consummated, or substantially simultaneously with the Third Amendment and Restatement Date, shall be consummated, in all material respects in accordance with the Gentiva Merger Agreement as in effect on the date hereof without giving effect to any
waivers, consents, amendments, supplements or modifications that are in any respect materially adverse to the Lenders without approval of the Lead Arrangers (not to be unreasonably withheld or delayed). For purposes of the foregoing condition, it is
hereby understood and agreed that any increase or reduction in the purchase price in connection with the Acquisition shall not be deemed to be material and adverse to the interests of the Lenders; provided that any increase in the purchase
price shall be funded with equity. 

  
 -3- 

 (c) The Administrative Agent shall have received a duly executed certificate of
an appropriate officer of the Borrower, certifying (i) that the copies of the Borrower’s Organizational Documents (x) as previously certified and delivered to the Administrative Agent, remain in full force and effect as of the Third
Amendment and Restatement Date without modification or amendment since such original delivery or (y) as certified as of a recent date by the appropriate Governmental Authority of the jurisdiction of the Borrower’s organization or formation
and attached to such officer’s certificate, are true, correct and complete and in full force and effect as of the Third Amendment and Restatement Date, (ii) that the copies of the Borrower’s resolutions approving and adopting the
Financing Documents to which it is party, the transactions contemplated herein, and authorizing the execution and delivery thereof, as attached to such officer’s certificate, are true, correct and complete copies and in full force and effect as
of the Third Amendment and Restatement Date and (iii) as to incumbency certificates identifying the officers of the Borrower that are authorized to execute this Amendment and to execute and act on the Borrower’s behalf in connection with
this Amendment. 
 (d) The Administrative Agent shall have received certificates of good standing or the equivalent for the
Borrower from the Borrower’s jurisdiction of organization or formation, in each case certified as of a recent date by the appropriate Governmental Authority. 

(e) Immediately before and immediately after the Third Amendment and Restatement Date and after giving effect to the
Acquisition, (i) no Event of Default under Section 8.01(a) or (m) shall have occurred and be continuing and (ii) the Specified Representations and the Specified Gentiva Merger Agreement Representations shall be true and correct
in all material respects. The term “Specified Representations” means the representations and warranties of the Credit Parties in Sections 3.01, 3.02, 3.03, 3.04, 3.10, 3.15, 3.18, 3.22 and 3.23 of the Third Amended and Restated
Credit Agreement, as applicable. The term “Specified Gentiva Merger Agreement Representations” means such of the representations made by Gentiva in the Gentiva Merger Agreement as are material to the interests of the Lenders, but
only to the extent that the Borrower or one of its subsidiaries has the right to terminate its obligations under the Gentiva Merger Agreement as a result of a breach of such representations in the Gentiva Merger Agreement. 

(f) The Administrative Agent shall have received customary duly executed opinions of (i) Cleary Gottlieb Steen &
Hamilton LLP, (ii) the Co-General Counsel and Corporate Secretary of the Borrower and (iii) Richards, Layton & Finger P.A., in each case dated as of the Third Amendment and Restatement Date and reasonably satisfactory to the
Administrative Agent. 
 (g) The Administrative Agent shall have received a certificate of an appropriate officer of the
Borrower certifying that the conditions set forth in Section 5(e) of this Amendment have been satisfied. 
 (h) The
Administrative Agent shall have received payment of consent fees by the Borrower for the ratable benefit of each Consenting Lender equal to 0.05% of the outstanding principal amount of Commitments held by each Consenting Lender at the time of its
consent, which is set forth on Schedule I hereto. 
 The Administrative Agent shall notify the Borrower, the Consenting Lenders and the other Lenders of the
Third Amendment and Restatement Date and such notice shall be conclusive and binding. 

  
 -4- 

 SECTION 6. Representations and Warranties. By its execution of this Amendment, the
Borrower hereby certifies as of the date hereof that: 
 (a) this Amendment has been duly authorized by all necessary
corporate or other organizational action and has been duly executed and delivered by the Borrower and constitutes a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except to the
extent the enforceability thereof may be limited by applicable debtor relief laws affecting creditors’ rights generally and by equitable principles of law (regardless of whether enforcement is sought in equity or at law) and implied covenants
of good faith and fair dealing; and 
 (b) the execution, delivery and performance of this Amendment and the other documents
executed in connection herewith (i) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except for such as (x) have been obtained or made and are in full force and
effect, or (y) the failure of which to obtain would not reasonably be expected to result in a Material Adverse Effect, (ii) will not violate any Applicable Laws with respect to the Borrower or the Organizational Documents of the Borrower,
except to the extent that such violation would not reasonably be expected to result in a Material Adverse Effect, (iii) will not violate or result in a default under any contractual obligation to which such the Borrower is party, except to the
extent that such violation or default would not reasonably be expected to result in a Material Adverse Effect and (iv) will not result in the creation or imposition of any Lien on any asset of the Borrower (other than Permitted Liens). 

SECTION 7. Amendment, Modification and Waiver. This Amendment may not be amended, modified or waived except pursuant to a writing
signed by each of the parties hereto. 
 SECTION 8. Liens Unimpaired. After giving effect to this Amendment, neither the modification
of the Credit Agreement effected pursuant to this Amendment nor the execution, delivery, performance or effectiveness of this Amendment: 

(a) impairs the validity, effectiveness or priority of the Liens granted pursuant to any Financing Document, and such Liens
continue unimpaired with the same priority to secure repayment of all Obligations, whether heretofore or hereafter incurred; or 

(b) requires that any new filings be made or other action taken to perfect or to maintain the perfection of such Liens. 

SECTION 9. Entire Agreement. This Amendment, the Amended Credit Agreement, the Third Amended and Restated Credit Agreement and the
other Financing Documents constitute the entire agreement among the parties hereto with respect to the subject matter hereof and thereof and supersede all other prior agreements and understandings, both written and verbal, among the parties hereto
with respect to the subject matter hereof. Except as expressly set forth herein, this Amendment, the Amended Credit Agreement and the Third Amended and Restated Credit Agreement shall not by implication or otherwise limit, impair, constitute a
waiver of, or otherwise affect the rights and remedies of any party under, the Credit Agreement, nor alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement, all
of which are ratified and affirmed in all respects and shall continue in full force and effect. It is understood and agreed that each reference in each Financing Document to the “Credit Agreement”, whether direct or indirect, shall
hereafter be deemed to be a reference to the Amended Credit Agreement or the Third Amended and Restated Credit Agreement, as applicable, and that this Amendment is a “Financing Document”. 

  
 -5- 

 SECTION 10. GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE GOVERNED BY, CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK; PROVIDED, HOWEVER, THAT (A) THE INTERPRETATION OF THE DEFINITION OF “COMPANY MATERIAL ADVERSE EFFECT” (AS USED IN SECTION
5(A)) ABOVE) AND WHETHER OR NOT A COMPANY MATERIAL ADVERSE EFFECT HAS OCCURRED, (B) THE ACCURACY OF ANY SPECIFIED GENTIVA MERGER AGREEMENT REPRESENTATIONS AND WHETHER AS A RESULT OF ANY INACCURACY THEREOF THE BORROWER OR ANY OF ITS SUBSIDIARIES
HAS THE RIGHT TO TERMINATE ITS OR ANY OF ITS SUBSIDIARIES’ OBLIGATIONS UNDER THE GENTIVA MERGER AGREEMENT AND (C) WHETHER THE ACQUISITION HAS BEEN CONSUMMATED IN ACCORDANCE WITH THE TERMS OF THE GENTIVA MERGER AGREEMENT SHALL BE GOVERNED
BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE, REGARDLESS OF THE LAWS THAT MIGHT OTHERWISE GOVERN UNDER APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS THEREOF. SECTIONS 10.09 AND 10.10 OF THE CREDIT AGREEMENT ARE HEREBY
INCORPORATED BY REFERENCE INTO THIS AMENDMENT AND SHALL APPLY HERETO. 
 SECTION 11. Severability. If any provision of this Amendment
is held to be illegal, invalid or unenforceable, the legality, validity and enforceability of the remaining provisions of this Amendment shall not be affected or impaired thereby. The invalidity of a provision in a particular jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction. 
 SECTION 12. Counterparts. This Amendment may be
executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by facsimile or other electronic means of an executed counterpart of a signature page
to this Amendment shall be effective as delivery of an original executed counterpart of this Amendment. 
 SECTION 13. Headings. The
headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof. 
 [Remainder of
Page Intentionally Left Blank] 

  
 -6- 

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

					
	KINDRED HEALTHCARE, INC., as the Borrower
		
	By:	 	 /s/ Joseph L. Landenwich

		 	Name:	 	Joseph L. Landenwich
		 	Title:	 	Co-General Counsel and Corporate
		 		 	Secretary

  
 [Signature Page to
Third ABL Amendment and Restatement Agreement] 

 
			
	JPMORGAN CHASE BANK, N.A., as Administrative Agent
		
	By:	 	 /s/ Dawn Lee Lum

		 	Name: Dawn Lee Lum
		 	Title: Executive Director

  
 [Signature Page to
Third ABL Amendment and Restatement Agreement] 

 Consenting Lenders 

The undersigned Lender hereby irrevocably and unconditionally approves the Amendment and consents to the certain amendments set forth therein. 

 

					
	 JPMORGAN CHASE BANK, N.A.
	 	,
	as a Lender	 	
			
	By:	 	 /s/ Dawn Lee Lum
	 	
		 	Name: Dawn Lee Lum	 	
		 	Title:   Executive Director	 	

  
 [Signature Page to
Third ABL Amendment and Restatement Agreement] 

 Consenting Lenders 

The undersigned Lender hereby irrevocably and unconditionally approves the Amendment and consents to the certain amendments set forth therein. 

 

					
	 BARCLAYS BANK PLC
	 	,
	as a Lender (type name of the legal entity)	 	
			
	By:	 	 /s/ Marguerite Sutton
	 	
		 	Name: Marguerite Sutton	 	
		 	Title:   Vice President	 	

  
 [Signature Page to
Third ABL Amendment and Restatement Agreement] 

 Consenting Lenders 

The undersigned Lender hereby irrevocably and unconditionally approves the Amendment and consents to the certain amendments set forth therein. 

 

					
	 BBVA Compass
	 	,
	as a Lender (type name of the legal entity)	 	
			
	By:	 	 /s/ Jay Garcia
	 	
		 	Name: Jay Garcia	 	
		 	Title:   SVP, ABL & Sponsor Coverage	 	
		
	[If a second signature is necessary:	 	
			
	By:	 	  
	 	
		 	Name:	 	
		 	Title:]	 	

  
 [Signature Page to
Third ABL Amendment and Restatement Agreement] 

 Consenting Lenders 

The undersigned Lender hereby irrevocably and unconditionally approves the Amendment and consents to the certain amendments set forth therein. 

 

					
	 BOKF, NA d.b.a. Bank of Oklahoma,
	 	,
	as a Lender	 	
			
	By:	 	 /s/ Christopher Rollmann
	 	
		 	Name: Christopher Rollmann	 	
		 	Title:   Officer	 	
		
	[If a second signature is necessary:	 	
			
	By:	 	  
	 	
		 	Name:	 	
		 	Title:]	 	

  
 [Signature Page to
Third ABL Amendment and Restatement Agreement] 

 Consenting Lenders 

The undersigned Lender hereby irrevocably and unconditionally approves the Amendment and consents to the certain amendments set forth therein. 

 

					
	 CIT Healthcare LLC
	 	,
	as a Lender	 	
		
	By:	 	 /s/ Barbara Perich

		 	Name: Barbara Perich	 	
		 	Title:   Director	 	
		
	[If a second signature is necessary:	 	
		
	By:	 	  

		 	Name:	 	
		 	Title:]	 	

  
 [Signature Page to
Third ABL Amendment and Restatement Agreement] 

 Consenting Lenders 

The undersigned Lender hereby irrevocably and unconditionally approves the Amendment and consents to the certain amendments set forth therein. 

 

					
	 CITIBANK, N.A.
	 	,
	as a Lender	 	
		
	By:	 	 /s/ Justin McMahan

		 	Name: Justin McMahan	 	
		 	Title:   Vice President	 	

  
 [Signature Page to
Third ABL Amendment and Restatement Agreement] 

 Consenting Lenders 

The undersigned Lender hereby irrevocably and unconditionally approves the Amendment and consents to the certain amendments set forth therein. 

 

					
	 City National Bank, a national banking association
	 	,
	as a Lender	 	
		
	By:	 	 /s/ Mia Bolin

		 	Name: Mia Bolin	 	
		 	Title:   Vice President	 	

  
 [Signature Page to
Third ABL Amendment and Restatement Agreement] 

 Consenting Lenders 

The undersigned Lender hereby irrevocably and unconditionally approves the Amendment and consents to the certain amendments set forth therein. 

 

					
	 CAPITAL ONE BUSINESS CREDIT CORP.
	 	,
	as a Lender	 	
		
	By:	 	 /s/ Eustachio Bruno

		 	Name: Eustachio Bruno	 	
		 	Title:   Director	 	

  
 [Signature Page to
Third ABL Amendment and Restatement Agreement] 

 Consenting Lenders 

The undersigned Lender hereby irrevocably and unconditionally approves the Amendment and consents to the certain amendments set forth therein. 

 

					
	 GENERAL ELECTRIC CAPITAL CORPORATION
	 	,
	as a Lender	 	
		
	By:	 	 /s/ Verleria King-Jones

		 	Name: Verleria King-Jones	 	
		 	Title:   Duly Authorized Signatory	 	

  
 [Signature Page to
Third ABL Amendment and Restatement Agreement] 

 Consenting Lenders 

The undersigned Lender hereby irrevocably and unconditionally approves the Amendment and consents to the certain amendments set forth therein. 

 

					
	 Morgan Stanley Bank, N.A.
	 	,
	as a Lender (type name of the legal entity)	 	
		
	By:	 	 /s/ Allen Chang

		 	Name: Allen Chang	 	
		 	Title:   Authorized Signatory	 	

  
 [Signature Page to
Third ABL Amendment and Restatement Agreement] 

 Consenting Lenders 

The undersigned Lender hereby irrevocably and unconditionally approves the Amendment and consents to the certain amendments set forth therein. 

 

					
	 PNC Bank, N.A.
	 	,
	as a Lender	 	
		
	By:	 	 /s/ William Barry

		 	Name: William Barry	 	
		 	Title:   Vice President	 	

  
 [Signature Page to
Third ABL Amendment and Restatement Agreement] 

 Consenting Lenders 

The undersigned Lender hereby irrevocably and unconditionally approves the Amendment and consents to the certain amendments set forth therein. 

 

					
	 Siemens Financial Services, Inc.
	 	,
	as a Lender	 	
		
	By:	 	 /s/ Paul Ramseur

		 	Name: Paul Ramseur	 	
		 	Title:   Chief Risk Officer	 	
		
	[If a second signature is necessary:	 	
		
	By:	 	 /s/ Uri Sky

		 	Name:Uri Sky	 	
		 	Title:  Vice President	 	

  
 [Signature Page to
Third ABL Amendment and Restatement Agreement] 

 Consenting Lenders 

The undersigned Lender hereby irrevocably and unconditionally approves the Amendment and consents to the certain amendments set forth therein. 

 

					
	 SunTrust Bank
	 	,
	as a Lender (type name of the legal entity)	 	
		
	By:	 	 /s/ Virginia S. Singletary

		 	Name: Virginia S. Singletary	 	
		 	Title:   Vice President	 	
		
	[If a second signature is necessary:	 	
		
	By:	 	  

		 	Name:	 	
		 	Title:]	 	

  
 [Signature Page to
Third ABL Amendment and Restatement Agreement] 

 Consenting Lenders 

The undersigned Lender hereby irrevocably and unconditionally approves the Amendment and consents to the certain amendments set forth therein. 

 

					
	 UNITED COMMUNITY BANK
	 	,
	as a Lender (type name of the legal entity)	 	
		
	By:	 	 /s/ Jeff Mastroleo

		 	Name: Jeff Mastroleo	 	
		 	Title:   Senior VP	 	
		
	[If a second signature is necessary:	 	
		
	By:	 	  

		 	Name:	 	
		 	Title:]	 	

  
 [Signature Page to
Third ABL Amendment and Restatement Agreement] 

 Consenting Lenders 

The undersigned Lender hereby irrevocably and unconditionally approves the Amendment and consents to the certain amendments set forth therein. 

 

					
	 Webster Business Credit Corporation
	 	,
	as a Lender	 	
		
	By:	 	 /s/ Steven Schuit

		 	Name: Steven Schuit	 	
		 	Title:   Vice President	 	
		
	[If a second signature is necessary:	 	
		
	By:	 	  

		 	Name:	 	
		 	Title:]	 	

  
 [Signature Page to
Third ABL Amendment and Restatement Agreement] 

 Consenting Lenders 

The undersigned Lender hereby irrevocably and unconditionally approves the Amendment and consents to the certain amendments set forth therein. 

 

					
	 Wells Fargo Capital Finance, LLC
	 	,
	as a Lender (type name of the legal entity)	 	
		
	By:	 	 /s/ Garrett Leider

		 	Name: Garrett Leider, CFA	 	
		 	Title: Vice President	 	
		
	[If a second signature is necessary:	 	
		
	By:	 	  

		 	Name:	 	
		 	Title:]	 	

  
 [Signature Page to
Third ABL Amendment and Restatement Agreement] 

 ANNEX A 

Amendments to the Credit Agreement 

(1) Section 1.01 shall be amended by adding the following defined terms: 

“Additional Escrow Amount” means an amount equal to (a) all interest that could accrue on any Escrow
Notes from and including the date of issuance thereof to and including the date of any potential mandatory redemption to occur if the proceeds of such Escrow Notes are not released from the applicable Escrow Account, plus (b) the amount
of any original issue discount on such Escrow Notes, plus (c) all fees and expenses that are incurred in connection with the issuance of such Escrow Notes and all fees, expenses or other amounts payable in connection with any redemption
of such Escrow Notes. 
 “Escrow Account” means a deposit or securities account at a financial institution
reasonably satisfactory to the Administrative Agent (any such institution, an “Escrow Agent”) into which any Escrow Funds are deposited. 

“Escrow Account Documents” means the agreement(s) governing an Escrow Account and any other documents entered
into in order to provide the applicable Escrow Agent (or its designee) Liens on the related Escrow Funds. 
 “Escrow
Agent” has the meaning set forth in the definition of the term “Escrow Account”. 
 “Escrow
Funds” means the sum of (a) the net proceeds of any Escrow Notes, plus (b) the related Additional Escrow Amount, plus (c) so long as they are retained in an Escrow Account, any income, proceeds or products of
the foregoing. 
 “Escrow Notes” means debt securities of an Escrow Subsidiary issued after the Second
Amendment and Restatement Date (which may not be guaranteed or receive credit support from any Person other than an Escrow Subsidiary); provided that the net proceeds of such debt securities are deposited into an Escrow Account upon the
issuance thereof. 
 “Escrow Notes Documents” mean the Escrow Notes Indentures, the Escrow Account Documents
and any other documents entered into by an Escrow Subsidiary in connection with any Escrow Notes. 
 “Escrow Notes
Indentures” means the indenture(s) pursuant to which any Escrow Notes shall be issued. 
 “Escrow
Subsidiary” means a Subsidiary of the Borrower that (a) shall have been identified to the Administrative Agent promptly following its formation, (b) at no time shall contain any assets or liabilities other than any Escrow Notes,
any Escrow Funds, any Escrow Accounts and such Subsidiary’s rights and obligations under any Escrow Notes Documents and (c) shall be an Unrestricted Subsidiary for all purposes of the Financing Documents (it being understood that no Escrow
Subsidiary shall, notwithstanding anything to the contrary contained in any Financing Document, in any event be designated a Restricted Subsidiary). 

“Gentiva” means Gentiva Health Services, Inc., a Delaware corporation. 

 “Gentiva Merger” means the merger of the Merger Subsidiary with
and into Gentiva, pursuant to the Gentiva Merger Agreement. 
 “Gentiva Merger Agreement” means that certain
Agreement and Plan of Merger dated as of October 9, 2014, by and among the Borrower, Gentiva and Merger Subsidiary. 

“Merger Subsidiary” means Kindred Healthcare Development 2, Inc., a Delaware corporation and wholly owned
Subsidiary of the Borrower. 
 (2) A new Section 1.05 shall be added as follows: 

Escrow Notes. Notwithstanding anything to the contrary in any Financing Document, nothing contained in any Financing Document shall
restrict or prohibit (a) the formation and designation of an Escrow Subsidiary as an Unrestricted Subsidiary, (b) the holding of the Escrow Funds in any Escrow Account and the granting or existence of any Liens on any Escrow Account, the
Escrow Funds or any Escrow Notes Document or pursuant to any Escrow Account Document, in each case, in favor of the applicable Escrow Agent (or its designee), (c) any transactions otherwise restricted by Section 7.04 by and among the
Borrower or one or more Restricted Subsidiaries, on the one hand, and the Escrow Subsidiary, on the other hand, in connection with the transactions contemplated by any Escrow Notes Documents and (d) any Investment in an Escrow Subsidiary in an
aggregate amount not greater than the applicable Additional Escrow Amount (it being understood, for the avoidance of doubt, that (1) any such Investments and other transactions shall be deemed made exclusively in reliance upon this
Section 1.05 and not any other exception or basket under any other provision of any Financing Document and (2) only until such time as the applicable Escrow Funds remain in the Escrow Account, any such Escrow Notes shall not constitute
Consolidated Total Indebtedness or Consolidated Senior Secured Indebtedness and shall be disregarded when calculating Consolidated Interest Expense); provided that (A) pending the release of the related Escrow Funds from the applicable
Escrow Account, Adjusted Consolidated Net Income shall be reduced by the Additional Escrow Amount and (B) from and after the release of the related Escrow Funds from the applicable Escrow Account, the Escrow Notes shall constitute Consolidated
Total Indebtedness and Consolidated Senior Secured Indebtedness and shall be included when calculating Consolidated Interest Expense; provided further that this Section 1.05 shall not operate to permit the Gentiva Merger to the extent it
would not otherwise be permitted absent this Section 1.05. 
 (3) The last sentence of Section 2.20(a) shall be amended and restated as
follows: 
 The Incremental Commitments may be made by any existing Lender (provided that no existing Lender shall have any obligation to
provide any Incremental Commitment and none of the Borrower or its Affiliates has any obligation to offer any existing Lender the right to provide any Incremental Commitment) or by any other bank or other financial institution that is willing to
provide Incremental Commitments (any such other bank or other financial institution, an “Additional Lender”); provided that each Additional Lender, if not already a Lender hereunder, shall be subject to the approval of the
Agent, the Swingline Lender and the Issuing Lender (which approvals shall not be unreasonably withheld) and the Borrower and each Additional Lender shall execute all such documentation as the Agent shall reasonably specify to evidence its Commitment
and/or its status as a Lender hereunder. 

 (4) A new Section 5.06(f) shall be added as follows: 

Notwithstanding anything to the contrary in this Section 5.06, (i) the Borrower may designate an Escrow Subsidiary as an Unrestricted
Subsidiary and (ii) each Escrow Subsidiary shall be excluded from any calculations made, or any conditions specified, in paragraphs (a) and (b). 

 ANNEX B 

Third Amended and Restated Credit Agreement 

 THIRD AMENDED AND RESTATED ABL CREDIT AGREEMENT 

dated as of June 1, 2011 

as amended as of October 4, 2012 

as amended and restated as of August 21, 2013 

as further amended and restated as of April 9, 2014 

as further amended and restated as of [            ], 2015 

among 
 KINDRED
HEALTHCARE, INC. 
 The Lenders Party Hereto 

and 
 JPMORGAN CHASE
BANK, N.A., 
 as Administrative Agent and Collateral Agent 

 
  

J.P. MORGAN SECURITIES LLC, 

CITIGROUP GLOBAL MARKETS INC., 

BARCLAYS BANK PLC, 
 GE
CAPITAL MARKETS, INC., 
 WELLS FARGO CAPITAL FINANCE, LLC 

and 
 MORGAN STANLEY
SENIOR FUNDING, INC., 
 as Joint Bookrunners and Joint Lead Arrangers 

CITIBANK, N.A., 

BARCLAYS BANK PLC 
 and

 MORGAN STANLEY SENIOR FUNDING, INC., 

as Co-Syndication Agents 

GENERAL ELECTRIC CAPITAL CORPORATION 

and 
 WELLS FARGO CAPITAL
FINANCE, LLC, 
 as Co-Documentation Agents 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	PAGE	 
	
	ARTICLE 1	  
	
	DEFINITIONS	  
			
	Section 1.01.	  	Defined Terms	  	 	1	  
	Section 1.02.	  	Classification of Loans and Borrowings	  	 	41	  
	Section 1.03.	  	Terms Generally	  	 	41	  
	Section 1.04.	  	Accounting Terms; GAAP	  	 	42	  
	Section 1.05.	  	Escrow Notes	  	 	42	  
	
	ARTICLE 2	  
	
	THE CREDITS	  
			
	Section 2.01.	  	Commitments	  	 	43	  
	Section 2.02.	  	Loans and Borrowings	  	 	43	  
	Section 2.03.	  	Requests for Borrowings	  	 	43	  
	Section 2.04.	  	Letters of Credit	  	 	44	  
	Section 2.05.	  	Swingline Loans	  	 	48	  
	Section 2.06.	  	Funding of Borrowings	  	 	49	  
	Section 2.07.	  	Interest Elections	  	 	49	  
	Section 2.08.	  	Termination and Reduction of Commitments	  	 	50	  
	Section 2.09.	  	Repayment of Loans; Evidence of Indebtedness	  	 	51	  
	Section 2.10.	  	Prepayment of Loans	  	 	51	  
	Section 2.11.	  	Fees	  	 	52	  
	Section 2.12.	  	Interest	  	 	53	  
	Section 2.13.	  	Alternate Rate of Interest	  	 	54	  
	Section 2.14.	  	Increased Costs	  	 	54	  
	Section 2.15.	  	Break Funding Payments	  	 	55	  
	Section 2.16.	  	Taxes	  	 	56	  
	Section 2.17.	  	Payments Generally; Pro Rata Treatment; Sharing of Set-offs	  	 	58	  
	Section 2.18.	  	Mitigation Obligations; Replacement of Lenders	  	 	60	  
	Section 2.19.	  	Release of Security Interest in Assets Being Sold	  	 	60	  
	Section 2.20.	  	Increase In Commitments	  	 	60	  
	Section 2.21.	  	Defaulting Lenders	  	 	62	  
	
	ARTICLE 3	  
	
	REPRESENTATIONS AND WARRANTIES	  
			
	Section 3.01.	  	Corporate Existence and Power	  	 	64	  
	Section 3.02.	  	Corporate and Governmental Authorization; No Contravention	  	 	64	  
	Section 3.03.	  	Binding Effect	  	 	64	  
	Section 3.04.	  	Security Interests	  	 	65	  
	Section 3.05.	  	Financial Information	  	 	65	  
	Section 3.06.	  	Litigation	  	 	65	  
	Section 3.07.	  	Compliance with ERISA	  	 	65	  

  
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	 	  	 	  	PAGE	 
			
	Section 3.08.	  	Taxes	  	 	66	  
	Section 3.09.	  	Compliance with Laws	  	 	66	  
	Section 3.10.	  	No Regulatory Restrictions on Borrowing	  	 	66	  
	Section 3.11.	  	Environmental Matters	  	 	66	  
	Section 3.12.	  	Full Disclosure	  	 	66	  
	Section 3.13.	  	Information as to Equity Interest and Instruments	  	 	67	  
	Section 3.14.	  	Representations in Other Financing Documents	  	 	67	  
	Section 3.15.	  	Margin Stock	  	 	67	  
	Section 3.16.	  	Properties	  	 	67	  
	Section 3.17.	  	Existing Indebtedness	  	 	68	  
	Section 3.18.	  	Solvency	  	 	68	  
	Section 3.19.	  	Labor Relations	  	 	68	  
	Section 3.20.	  	No Defaults Under Agreements	  	 	69	  
	Section 3.21.	  	Existing Liens	  	 	69	  
	Section 3.22.	  	Status of Obligations as Senior Debt	  	 	69	  
	Section 3.23.	  	Anti-Corruption Laws and Sanctions	  	 	69	  
	Section 3.24.	  	Use of Proceeds	  	 	69	  
	
	ARTICLE 4	  
	
	CONDITIONS	  
			
	Section 4.01.	  	Closing Date	  	 	69	  
	Section 4.02.	  	Each Credit Event	  	 	72	  
	
	ARTICLE 5	  
	
	AFFIRMATIVE COVENANTS	  
			
	Section 5.01.	  	Information	  	 	73	  
	Section 5.02.	  	Maintenance of Property	  	 	76	  
	Section 5.03.	  	Insurance	  	 	77	  
	Section 5.04.	  	Payment of Obligations; Compliance with Law and Contractual Obligations	  	 	77	  
	Section 5.05.	  	Maintenance of Existence, Rights, Etc.	  	 	78	  
	Section 5.06.	  	Designation of Restricted and Unrestricted Subsidiaries	  	 	78	  
	Section 5.07.	  	Books and Records; Inspection Rights	  	 	80	  
	Section 5.08.	  	Guarantees by Future Restricted Subsidiaries	  	 	80	  
	Section 5.09.	  	Future Assets to Be Added to Collateral and Further Assurances	  	 	80	  
	Section 5.10.	  	Condemnation Events	  	 	82	  
	Section 5.11.	  	Use of Proceeds and Letters of Credit	  	 	82	  
	Section 5.12.	  	Borrowing Base Reviews	  	 	82	  
	Section 5.13.	  	Environmental Matters	  	 	83	  
	Section 5.14.	  	Post-Closing	  	 	83	  
	
	ARTICLE 6	  
	
	FINANCIAL COVENANTS	  
			
	Section 6.01.	  	Minimum Fixed Charge Coverage Ratio	  	 	84	  
	Section 6.02.	  	Maximum Capital Expenditures	  	 	84	  

  
 -ii- 

							
	 	  	 	  	PAGE	 
	
	ARTICLE 7	  
	
	NEGATIVE COVENANTS	  
			
	Section 7.01.	  	Limitation on Indebtedness; Certain Equity Securities	  	 	85	  
	Section 7.02.	  	Negative Pledge	  	 	88	  
	Section 7.03.	  	Consolidations, Mergers and Asset Sales	  	 	90	  
	Section 7.04.	  	Limitations on Transactions with Affiliates	  	 	91	  
	Section 7.05.	  	Limitation on Restrictions Affecting Subsidiaries	  	 	92	  
	Section 7.06.	  	Limitation on Sale or Issuance of Equity Interests of Subsidiaries	  	 	93	  
	Section 7.07.	  	Restricted Payments	  	 	94	  
	Section 7.08.	  	Limitations on Acquisitions and Investments	  	 	95	  
	Section 7.09.	  	No Change of Fiscal Periods	  	 	96	  
	Section 7.10.	  	Limitation on Business	  	 	96	  
	Section 7.11.	  	Limitation on Sale and Leaseback Transactions	  	 	97	  
	Section 7.12.	  	No Modification of Certain Documents Without Consent; Prepayments of Indebtedness	  	 	97	  
	Section 7.13.	  	Limitation on Cash not held in Collateral Accounts	  	 	97	  
	Section 7.14.	  	Limitation on Designated Interest Rate Agreements and Designated Cash Management Obligations	  	 	98	  
	Section 7.15.	  	Payments for Consents	  	 	98	  
	
	ARTICLE 8	  
	
	DEFAULTS	  
			
	Section 8.01.	  	Events of Default	  	 	98	  
	Section 8.02.	  	Notice of Default	  	 	101	  
	Section 8.03.	  	Enforcement Notice	  	 	101	  
	
	ARTICLE 9	  
	
	THE AGENTS	  
	
	ARTICLE 10	  
	
	MISCELLANEOUS	  
			
	Section 10.01.	  	Notices	  	 	103	  
	Section 10.02.	  	Waivers; Amendments	  	 	104	  
	Section 10.03.	  	Expenses; Indemnity; Damage Waiver	  	 	105	  
	Section 10.04.	  	Successors and Assigns	  	 	107	  
	Section 10.05.	  	Survival	  	 	110	  
	Section 10.06.	  	Counterparts; Integration; Effectiveness	  	 	110	  
	Section 10.07.	  	Severability	  	 	110	  
	Section 10.08.	  	Right of Setoff	  	 	111	  
	Section 10.09.	  	Governing Law; Jurisdiction; Consent to Service of Process	  	 	111	  
	Section 10.10.	  	WAIVER OF JURY TRIAL	  	 	111	  
	Section 10.11.	  	Headings	  	 	112	  
	Section 10.12.	  	Confidentiality	  	 	112	  
	Section 10.13.	  	USA PATRIOT Act	  	 	113	  

  
 -iii- 

							
	 	  	 	  	PAGE	 
			
	Section 10.14.	  	Interest Rate Limitation	  	 	113	  
	Section 10.15.	  	Margin Stock	  	 	113	  
	Section 10.16.	  	Application of Proceeds under Mortgages	  	 	113	  
	Section 10.17.	  	Term Loan Intercreditor Agreement	  	 	113	  

  
 -iv- 

					
	SCHEDULES:	  		  	
			
	Schedule 1.01A	  	–	  	[Reserved]
	Schedule 1.01B	  	–	  	Restricted Subsidiaries, Unrestricted Subsidiaries and Excluded Partnerships
	Schedule 1.01C	  	–	  	Existing Affiliate Agreements
	Schedule 1.01D	  	–	  	Initial Master Lease Properties
	Schedule 1.01E	  	–	  	[Reserved]
	Schedule 1.01F	  	–	  	Initial Owned Real Properties
	Schedule 1.01G	  	–	  	Existing Investments
	Schedule 1.01H	  	–	  	Specified Properties
	Schedule 1.01I	  	–	  	Existing Letters of Credit
	Schedule 1.01J	  	–	  	Specified Joint Ventures
	Schedule 2.01	  	–	  	Commitments
	Schedule 3.13	  	–	  	Existing Instruments
	Schedule 3.16	  	–	  	Real Property Information
	Schedule 4.01(h)	  	–	  	Consents
	Schedule 5.14(b)	  	–	  	Additional Post-Closing Obligations
	Schedule 7.01	  	–	  	Existing Indebtedness
	Schedule 7.02	  	–	  	Existing Liens
	Schedule 7.03(d)	  	–	  	Scheduled Asset Sales
			
	EXHIBITS:	  		  	
			
	Exhibit A	  	–	  	Form of Assignment and Assumption
	Exhibit B.1	  	–	  	Form of Opinion of the Senior Vice President of Corporate Legal Affairs of the Borrower
	Exhibit B.2	  	–	  	Form of Opinion of the Senior Vice President and General Counsel of RehabCare Group, Inc.
	Exhibit B.3	  	–	  	Form of Opinion of Cleary Gottlieb Steen & Hamilton LLP, special counsel for the Borrower
	Exhibit B.4	  	–	  	Form of Opinion of Richards, Layton & Finger, P.A., special Delaware counsel for the Borrower
	Exhibit C	  	–	  	Form of Security Agreement
	Exhibit D	  	–	  	Form of Borrowing Base Certificate
	Exhibit E	  	–	  	Form of Term Loan Intercreditor Agreement
	Exhibit F	  	–	  	Form of Intercompany Promissory Note
	Exhibit G	  	–	  	Form of Intercompany Note Subordination Provisions
	Exhibit H-1	  	–	  	Form of Revolving Note
	Exhibit H-2	  	–	  	Form of Swingline Note
	Exhibit I	  	–	  	Form of Solvency Certificate
	Exhibit J	  	–	  	Form of United States Tax Compliance Certificate

  
 -v- 

 THIS THIRD AMENDED AND RESTATED ABL CREDIT AGREEMENT dated as of June 1, 2011, as
amended as of October 4, 2012, as further amended and restated as of August 21, 2013, as of April 9, 2014 and as of [            ], 2015 (and as further amended,
amended and restated, supplemented or otherwise modified from time to time in accordance with the terms hereof, this “Agreement”) among KINDRED HEALTHCARE, INC., the LENDERS party hereto, JPMORGAN CHASE BANK,
N.A., as Administrative Agent and Collateral Agent, BARCLAYS BANK PLC, CITIBANK, N.A. and MORGAN STANLEY SENIOR FUNDING, INC., as Co-Syndication Agents, and GENERAL ELECTRIC CAPITAL CORPORATION and WELLS FARGO CAPITAL
FINANCE, LLC, as Co-Documentation Agents. 
 WHEREAS, this Agreement is effective pursuant to the Third Amendment and
Restatement Agreement to which this Agreement is attached as Annex B; 
 WHEREAS, the Borrower has requested that the Lenders
provide commitments as set forth herein and that the Issuing Lender issue, and the Lenders participate in, the Letters of Credit;  

WHEREAS, the Obligations of the Borrower under the foregoing credit facility and certain interest rate hedging and certain cash
management and purchasing card arrangements are to be (a) secured by substantially all the Borrower’s assets and (b) guaranteed by the Borrower’s Subsidiary Guarantors, and each of such Guarantees is to be secured by
substantially all the assets of the relevant Guarantor; and 
 WHEREAS, the Lenders are willing to extend the credit facility
referred to herein to the Borrower, and the Issuing Lender is willing to issue, and the Lenders are willing to participate in, the Letters of Credit, all on the terms and conditions provided herein;  

NOW, THEREFORE, the parties hereto agree as follows: 

ARTICLE 1 

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. 
 “ABL Priority
Collateral” has the meaning set forth in the Term Loan Intercreditor Agreement. 
 “Account”
has the meaning set forth in Section 1 of the Security Agreement. 
 “Account Debtor” means any Person
who is obligated to the Borrower or any Subsidiary Guarantor under, with respect to, or on account of, an Account. 

“Acquisition” means (i) any Investment by the Borrower or any of its Restricted Subsidiaries in a Person whereby
such Person becomes a Restricted Subsidiary of the Borrower or whereby such Person is merged with and into the Borrower or a Restricted Subsidiary or (ii) an acquisition by the Borrower or any of its Restricted Subsidiaries of the property and
assets of any Person (other than any then-existing Restricted Subsidiary) that constitutes substantially all of the assets of such Person, or any division, line of business, Healthcare Facility or other business unit of such Person. 

 “Additional Encumbrance Letter” means one or more letter agreements that
may be entered into after the Closing Date among the Borrower, JPMorgan Chase Bank, N.A., as Agent, and First American Title Insurance Company. 

“Additional Escrow Amount” means an amount equal to (a) all interest that could accrue on any Escrow Notes from
and including the date of issuance thereof to and including the date of any potential mandatory redemption to occur if the proceeds of such Escrow Notes are not released from the applicable Escrow Account, plus (b) the amount of any
original issue discount on such Escrow Notes, plus (c) all fees and expenses that are incurred in connection with the issuance of such Escrow Notes and all fees, expenses or other amounts payable in connection with any redemption of such
Escrow Notes. 
 “Adjusted Consolidated Net Income” means, for any period, Consolidated Net Income for such
period, adjusted to exclude therefrom, without duplication (x) gains or losses from Asset Sales net of related tax effects, (y) any after-tax effect of income (loss) from disposed or discontinued operations and any net after-tax gains or
losses on disposal of disposed, abandoned or discontinued operations pursuant to Financial Accounting Standards Board Accounting Standards Codification 205-20 and (z) any non-cash impairment charge or asset-write off effected after
December 31, 2013 in connection with the Second Amendment and Restatement Transactions or any Acquisition or Investment pursuant to Financial Accounting Standards Board Accounting Standards Codification 350, 360 or 805, as applicable.

 “Adjusted LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, an interest
rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (i) the LIBO Rate for such Interest Period multiplied by (ii) the Statutory Reserve Rate. 

“Administrative Agent” means JPMorgan Chase Bank, N.A., in its capacity as administrative agent for the Lenders under
the Financing Documents. 
 “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. 

“Agent” means JPMorgan Chase Bank, N.A., in its capacity as Administrative Agent and/or Collateral Agent for the
Lenders under the Financing Documents, as the context may require. 
 “Agreement” has the meaning set forth
in the introductory paragraph hereto. 
 “Alternate Base Rate” means, for any day, a rate per annum equal to
the greatest of (i) the Prime Rate in effect on such day, (ii) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1.0% and (iii) the Adjusted LIBO Rate for an Interest Period of one month beginning on such date (or if
such date is not a Business Day, the immediately preceding Business Day) plus 1.00%. Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective from and including the effective date
of such change in the Prime Rate or the Federal Funds Effective Rate, respectively. 
 “Amendment and Restatement
Agreement” means that certain Amendment and Restatement Agreement, dated as of August 21, 2013, among the Borrower, the other Credit Parties party thereto, the Lenders party thereto, and the Administrative Agent and the Collateral
Agent. 

  
 -2- 

 “Amendment and Restatement Lead Arranger and Bookrunner” means J.P.
Morgan Securities LLC, in its capacity as lead arranger and bookrunner in connection with the Amendment and Restatement Agreement. 

“Amendment No. 1” means that certain Amendment No. 1, dated as of October 4, 2012, among the Borrower,
the other Credit Parties party thereto, the Lenders party thereto and the Administrative Agent. 
 “Anti-Corruption
Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Borrower or its Subsidiaries from time to time concerning or relating to bribery or corruption (other than healthcare laws applicable to the Borrower and its
Subsidiaries such as the Stark laws and anti-kickback laws). 
 “Applicable Laws” means all applicable
provisions of constitutions, statutes, laws, rules, treaties, regulations and orders of all Governmental Authorities and all applicable orders, rules and decrees of courts and arbitrators. 

“Applicable Percentage” means, with respect to any Lender, the percentage of the total Commitments represented by such
Lender’s Commitment; provided that when a Defaulting Lender shall exist, “Applicable Percentage” shall mean the percentage of the total Commitments (disregarding any Defaulting Lender’s Commitment)
represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments and to any Lender’s
status as a Defaulting Lender at the time of determination. 
 “Applicable Rate” means, for any day, with
respect to any ABR Loan, Eurodollar Loan, as the case may be, the applicable rate per annum set forth below under the caption “ABR Spread” or “Eurodollar Spread” as the case may be. 

The “Applicable Rate” on any day shall be determined from the following pricing grid based upon the Average Daily Excess
Availability for such day; provided that:  
 (i) until and including the date that is the last day of the
first full fiscal quarter ending after the Closing Date and subject to clause (ii), the “Applicable Rate” will be the applicable rate per annum set forth below in Level II; 

(ii) at any time when an Event of Default has occurred and is continuing, the “Applicable Rate” will be that set
forth in Level III; and 
 (iii) at the option of the Agent (or at the request of the Required Lenders), if the Borrower
(x) fails to deliver consolidated financial statements to the Agent as and when required by Section 5.01(a) or 5.01(b) or (y) fails to deliver Borrowing Base Certificates as and when required pursuant to Section 5.01(q) and such
failure shall continue unremedied for a period of three Business Days, the “Applicable Rate” will be that set forth in Level III during the period from the expiration of the time specified for such delivery until such financial statements
or Borrowing Base Certificate, as applicable, are so delivered. 
  

											
	 Status
	  	 Average Daily Excess Availability
	  	 ABR
Spread
	 	 	 Eurodollar
Spread
	 
	 Level I
	  	Greater than or equal to $450,000,000	  	 	1.00	% 	 	 	2.00	% 
	 Level II
	  	Greater than or equal to $150,000,000 but less than $450,000,000	  	 	1.25	% 	 	 	2.25	% 
	 Level III
	  	Less than $150,000,000	  	 	1.50	% 	 	 	2.50	% 

  
 -3- 

 “Approved Fund” has the meaning assigned to such term in Section
10.04. 
 “Asset Sale” means any sale, lease or other transfer (including any such transaction effected by way of
merger or consolidation) of any asset by the Borrower or any Restricted Subsidiary, including, without limitation, any Sale and Leaseback Transaction, whether or not involving a Capital Lease, and any sale or issuance of the Equity Interests of any
Restricted Subsidiary, but excluding (i) any sale or other transfer of inventory, cash, cash equivalents and other cash management investments and obsolete, unused or unnecessary equipment, in each case in the ordinary course of business,
(ii) any leases, subleases, licenses or sublicenses, in each case in the ordinary course of business, (iii) any transfer of assets by the Borrower to any Restricted Subsidiary or by any Restricted Subsidiary to the Borrower or another
Restricted Subsidiary, (iv) the sale or issuance by the Borrower or any Restricted Subsidiary of any Equity Interests of any Restricted Subsidiary to the Borrower or any Restricted Subsidiary, (v) any transfer of assets or related series
of transfers of assets involving Cash Proceeds of (or non-cash consideration with a fair value of) less than $5,000,000, (vi) with respect to a lease of any property (including any Master Lease Property), surrender to or repossession by the
lessor of such property, or the termination or expiration of the lease relating to such property, (vii) a Sale and Leaseback Transaction permitted under Section 7.11, (viii) an unwinding of any Interest Rate Agreement, (ix) a
sale, transfer or other disposition of any asset to the extent such asset is exchanged for credit against the purchase price of such similar replacement asset or the proceeds therefrom are promptly applied to the purchase price of such replacement
property, (x) a sale, transfer or other disposition of Investments in joint ventures (including any Minority-Owned Affiliates) to the extent required by, or made pursuant to customary buy/sell arrangements between, the joint venture parties set
forth in joint venture agreements or similar binding arrangements, (xi) a transfer or disposition of assets subject to a Casualty Event and (xii) a transfer or other disposition of assets constituting a Restricted Payment or an Investment
permitted under Section 7.07 or 7.08, respectively. 
 “Assignment and Assumption” means an assignment
and assumption entered into by a Lender and an assignee (with the consent of any party whose consent is required by Section 10.04), and accepted by the Agent, in the form of Exhibit A or any other form approved by the Agent. 

“Attributable Indebtedness” means, in respect of a Sale and Leaseback Transaction, the present value, discounted at
the interest rate implicit in the Sale and Leaseback Transaction, of the total obligations of the lessee for rental payments during the remaining term of the lease in the Sale and Leaseback Transaction. 

“Available Amount” means, at any date, the sum of (a) other than to the extent used to make a Restricted Payment
pursuant to Section 7.07(a)(v), the aggregate amount of Net Cash Proceeds of any issuances of Qualified Equity Interests of the Borrower received by the Borrower since January 1, 2014 plus (b) 50% of Cumulative Adjusted
Consolidated Net Income (or, if such Cumulative Adjusted Consolidated Net Income shall be a loss, 100% of such loss) plus (c) to the extent not already included in the preceding clause (b), the aggregate amount of all cash repayments of
principal received by the Borrower or any Restricted Subsidiary since January 1, 2014 from any Minority-Owned Affiliates or Unrestricted Subsidiaries in respect of loans made by the Borrower or any Restricted Subsidiary to Minority-Owned
Affiliates or Unrestricted Subsidiaries to the extent made by using the Available Amount, plus (d) to the extent not already included in the preceding clause (b), the aggregate amount of all net cash proceeds received by the Borrower or
any Restricted Subsidiary since January 1, 2014 in connection with the sale, transfer or other disposition of its ownership interest in any Minority-Owned Affiliates or Unrestricted Subsidiaries to the extent the Investment therein was made
using the Available Amount; less any usage of such Available Amount pursuant to Article 7.  

  
 -4- 

 “Available Amount Conditions” means, prior to and after giving effect to
any usage of the Available Amount, (a) no Default shall have occurred and be continuing and (b) on a Pro Forma Basis, the Borrower will be in compliance with the covenants set forth in Article 6. For the avoidance of doubt, with respect to
any period during which the Borrower is unable to satisfy the Available Amount Conditions, the Available Amount shall continue to accumulate as provided for in the definition thereof and shall not be reduced (or its accrual suspended) solely because
of the Borrower’s inability to satisfy such Available Amount Conditions. 
 “Available Facility Amount”
means, for any day, (a) the lesser of (i) the aggregate amount of the Commitments and (ii) the Borrowing Base, in each case as in effect at the end of such day, less (b) the aggregate amount of the Credit Exposures as at the end
of such day. 
 “Availability Period” means the period from and including the Closing Date to but excluding
the earlier of the Maturity Date and the date of termination of the Commitments. 
 “Average Daily Excess
Availability” means, as of any day, the average of the daily Available Facility Amounts for the immediately preceding Fiscal Quarter. 

“Bankruptcy Event” means, with respect to any Person, such Person 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. 

“Board” means the Board of Governors of the Federal Reserve System of the United States of America. 

“Borrower” means Kindred Healthcare, Inc., a Delaware corporation. 

“Borrowing” means (a) Loans of the same Type, made, converted or continued on the same date and, in the case of
Eurodollar Loans, as to which a single Interest Period is in effect or (b) a Swingline Loan. 
 “Borrowing
Base” means at any time, subject to adjustment as provided below, an amount equal to the sum of, without duplication:  

(a) 85% multiplied by the sum of (i) the book value of Eligible Accounts less (ii) the PIP Reserve less
(iii) if the Agent, in the exercise of its Permitted Discretion, has notified the Borrower that it requires the Borrower to make deductions pursuant to this clause (iii), the Dilution Reserve, plus  

(b) 85% multiplied by the book value of (i) the Eligible Aged Accounts and (ii) the Eligible Private Payor Accounts,
less  

  
 -5- 

 (c) Established Reserves and, effective immediately upon notification thereof to
the Borrower by the Agent, any other reserves established from time to time by the Agent in its Permitted Discretion; 
 provided that (i) the
amount of the Borrowing Base (for the avoidance of doubt, after applying the advance rates set forth above) determined by reference to Eligible Aged Accounts outstanding 121 days or more days but less than 151 days following their original invoice
date shall not exceed $37,500,000, (ii) the amount of the Borrowing Base (for the avoidance of doubt, after applying the advance rates set forth above) determined by reference to Eligible Aged Accounts outstanding 151 days or more days but less
than 181 days following their original invoice date shall not exceed $37,500,000 and (iii) the amount of the Borrowing Base (for the avoidance of doubt, after applying the advance rates set forth above) determined by reference to Eligible
Private Payor Accounts shall not exceed the lesser of (x) $75,000,000, (y) 10% of the Commitments and (z) the aggregate amount of cash collections by the Credit Parties in respect of Eligible Private Payor Accounts for the most recent
four calendar months ended prior to such time (provided that, for the avoidance of doubt, cash collections in respect of any Account that does not qualify as an Eligible Private Payor Account solely because such Account was not paid prior to
the 181st day following its original invoice date shall be deemed to be an Eligible Private Payor Account); and provided further that (i) the Agent may increase the percentages in
clauses (a) or (b) above from time to time with the consent of the Supermajority Lenders and (ii) the Agent may, in the exercise of its Permitted Discretion, reduce the percentages in clauses (a) or (b) above from time to
time. The Agent shall give prompt written notice to the Borrower and the Lenders of any adjustments effected pursuant to this proviso. 

The Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate theretofore delivered to the
Agent (including pursuant to Section 4.01(l) or Section 5.01(q), as applicable). Standards of eligibility with respect to the Borrowing Base may be revised and adjusted from time to time by the Agent in its Permitted Discretion, with any
changes in such standards to be effective three (3) days after delivery of notice thereof to the Borrower. 
 “Borrowing
Base Certificate” means a certificate in the form of Exhibit D or any other form approved by the Agent, executed and certified as accurate and complete by a Financial Officer, together with appropriate exhibits, schedules, supporting
documentation and additional reports as (i) outlined in Schedule 1 to Exhibit D, (ii) as provided for in Section 5.01(q), and (iii) as otherwise reasonably requested by the Agent. 

“Borrowing Base Request” has the meaning assigned to such term in Section 5.01(q). 

“Borrowing Base Review” has the meaning assigned to such term in Section 5.12. 

“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, when used in connection with a Eurodollar Loan, the term “Business Day” shall also exclude any day on which banks are not open for dealings in dollar
deposits in the London interbank market. 
 “Capital Expenditures” means, for any period, the gross additions
to property, plant and equipment and other capital expenditures of the Borrower and its Restricted Subsidiaries for such period, as the same are or would be reflected in a consolidated statement of cash flows of the Borrower and its Restricted
Subsidiaries for such period; provided that the amount paid by the Borrower or any of its Restricted Subsidiaries for any Acquisition and any amount of Casualty Proceeds applied to restore, repair, replace or rebuild the asset
in respect of which such Casualty Proceeds were received shall not be included in the calculation of the amount of Capital Expenditures. 

  
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 “Capital Lease” means a lease that would be capitalized on a balance
sheet of the lessee prepared in accordance with GAAP. 
 “Capital Lease Obligation” means the obligation to
pay rent under any Capital Lease. 
 “Cash Management Counterparty” means the counterparty under any
Designated Cash Management Obligations. 
 “Cash Management Obligations” means any payment obligations
arising in respect of overdraft services, treasury, depositary and cash management services, automated clearinghouse fund transfer services or purchasing card arrangements, in each case, with respect to Borrower and its Restricted Subsidiaries.

 “Cash Management Obligations Reserve” means a reserve which shall reduce availability under the Borrowing
Base by, as of any date of determination, an amount equal to the aggregate amount that would be payable by the Borrower or any of its Restricted Subsidiaries to the Cash Management Counterparties in the event the Designated Cash Management
Obligations were terminated as of such date, as determined by the Agent in its Permitted Discretion. 
 “Cash
Proceeds” shall mean, with respect to any Asset Sale, the aggregate cash payments (including any cash received by way of deferred payment pursuant to a note receivable issued in connection with such Asset Sale or otherwise, but only as and
when so received) received by the Borrower or any of its Subsidiaries from such Asset Sale. 
 “Casualty
Event” means (i) any Condemnation Event with respect to any Owned Real Property or (ii) any damage to, or destruction of, any property owned by the Borrower or any Restricted Subsidiary. 

“Casualty Proceeds” means (i) with respect to any Condemnation Event, all awards or payments received by the
Borrower, any Restricted Subsidiary or the Agent by reason of such Condemnation Event, including all amounts received with respect to any transfer in lieu or anticipation of such Condemnation Event or in settlement of any proceeding relating to such
Condemnation Event and (ii) with respect to any other Casualty Event, all insurance proceeds or payments (excluding payments with respect to business interruption) which the Borrower, any Restricted Subsidiary or the Agent receives by reason of
such other Casualty Event, less, in either case, unreimbursed expenses or losses related to the Casualty Event, including any payment with respect to Taxes actually paid or to become payable by the Borrower and its Restricted Subsidiaries (as
reasonably estimated by a Financial Officer) in respect of such Casualty Event. 
 “CHAMPUS” means,
collectively, the Civilian Health and Medical Program of the Uniformed Services, a program of medical benefits covering former and active members of the uniformed services and certain of their dependents, financed and administered by the United
States Departments of Defense, Health and Human Services and Transportation, and all laws, rules, regulations, manuals, orders, guidelines or requirements pertaining to such program including (a) all federal statutes (whether set forth in 10
U.S.C. §§ 1071-1106 or elsewhere) affecting such program; and (b) all rules, regulations (including 32 C.F.R. § 199), manuals, orders and administrative, reimbursement and other guidelines of all governmental
authorities promulgated in connection with such program (whether or not having the force of law), in each case as the same may be amended, supplemented or otherwise modified from time to time. 

  
 -7- 

 “CHAMPUS Receivable” means an Account payable pursuant to CHAMPUS.

 “CHAMPVA” shall mean, collectively, the Civilian Health and Medical Program of the Department of Veteran
Affairs, a program of medical benefits covering retirees and dependents of former members of the armed services administered by the United States Department of Veteran Affairs, and all laws, rules, regulations, manuals, orders, guidelines or
requirements pertaining to such program including (a) all federal statutes (whether set forth in 38 U.S.C. § 1713 or elsewhere) affecting such program or applicable to CHAMPVA; and (b) all rules, regulations (including 38 C.F.R.
§ 17.54), manuals, orders and administrative, reimbursement and other guidelines of all governmental authorities promulgated in connection with such program (whether or not having the force of law), in each case as the same may be amended,
supplemented or otherwise modified from time to time. 
 “Change in Law” means (i) the adoption of any
law, rule, treaty or regulation after the Second Amendment and Restatement Date, (ii) any change in any law, rule, treaty or regulation or in the interpretation or application thereof by any Governmental Authority after the Second Amendment and
Restatement Date or (iii) compliance by any Lender or the Issuing Lender (or, for purposes of Section 2.14(b), by any lending office of such Lender or by such Lender’s or the Issuing Lender’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 Second Amendment and Restatement Date; provided that, notwithstanding anything herein to the
contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, regulations, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives
promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States regulatory authorities, in each case pursuant to Basel III, shall, in each case, be deemed
to be a “Change in Law,” regardless of the date enacted, adopted or issued. 
 “Charges” has the
meaning assigned to such term in Section 10.14. 
 “Class”, when used in reference to any Loan or Borrowing,
refers to whether such Loan, or the Loans comprising such Borrowing, are Revolving Loans or Swingline Loans. 

“Closing” means the closing hereunder on the Closing Date. 

“Closing Date” means June 1, 2011. 

“Closing Date Material Adverse Effect” means with respect to any Person (as defined in the Merger Agreement), any
change, effect, development or event that has had or would reasonably be expected to have a material adverse effect on the financial condition, business, assets, liabilities, or results of operations of such Person and its Subsidiaries (as defined
in the Merger Agreement), taken as a whole; provided, however, that no change, effect, development or event (by itself or when aggregated or taken together with any and all other changes, effects,
developments or events) to the extent resulting from, arising out of, or attributable to, any of the following shall be deemed to constitute or be taken into account when determining whether a “Closing Date Material Adverse Effect” has
occurred or may, would or could occur: (A) any changes, effects, developments or events in the economy or the financial, credit or securities markets in general (including changes in interest or exchange rates), (B) any changes, effects,
developments or events in the industries in which such Person and its Subsidiaries operate, (C) any changes, effects, developments or events resulting from the announcement or pendency of the transactions contemplated by the Merger Agreement,
the identity of the Borrower or the performance or compliance with the terms of the Merger Agreement (including, in each case, any loss of customers, suppliers or employees or any disruption in business relationships resulting therefrom, but
excluding the effects of compliance with Section 5.01 of the Merger Agreement), (D) any changes, effects, developments or  

  
 -8- 

 
events resulting from the failure of such Person to meet internal forecasts, budgets or financial projections or fluctuations in the trading price or volume of such Person’s common stock
(but not, in each case, the underlying cause of such failure or fluctuations, unless such underlying cause would otherwise be excepted from this definition), (E) acts of God, natural disasters, calamities, national or international political or
social conditions, including the engagement by any country in hostility (whether commenced before, on or after the Closing Date, and whether or not pursuant to the declaration of a national emergency or war), or the occurrence of a military or
terrorist attack, or (F) any changes in Applicable Law or GAAP (each as defined in the Merger Agreement) (or any interpretation thereof), except to the extent such changes, effects, developments or events resulting from or arising out of the
matters described in clauses (A), (B), (E) and (F) disproportionately affect such Person and its Subsidiaries as compared to other companies operating in the industries in which such Person and its Subsidiaries operate. 

“Co-Documentation Agents” means each of General Electric Capital Corporation and Wells Fargo Capital Finance, LLC.

 “Co-Syndication Agents” means each of Citibank, N.A., Barclays Capital PLC and Morgan Stanley Senior Funding,
Inc. 
 “Code” means the Internal Revenue Code of 1986, as amended from time to time. 

“Collateral” means all Owned Real Property and personal property, tangible and intangible, subject or purportedly
subject to Liens pursuant to the Collateral Documents. 
 “Collateral Account” has the meaning set forth in
Section 1 of the Security Agreement. 
 “Collateral Agent” means JPMorgan Chase Bank, N.A., in its
capacity as Collateral Agent for the holders of the Secured Obligations under the Financing Documents. 
 “Collateral
Documents” means the Security Agreement, the Term Loan Intercreditor Agreement, the Security Agreement Supplements, the Mortgages, any deposit or other account control agreements and all other supplemental or additional security agreements,
pledge agreements, mortgages or similar instruments (other than any UCC financing statements) delivered pursuant hereto or thereto. 

“Commitment” means, with respect to each Lender, the commitment of such Lender to make Loans and to acquire
participations in Letters of Credit and Swingline Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Credit Exposure hereunder, as such commitment may be (i) reduced from time to time
pursuant to Section 2.08, (ii) increased or adjusted from time to time pursuant to Section 2.20 and (iii) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. The
initial amount of each Lender’s Commitment as of the Second Amendment and Restatement Date is set forth on Schedule 2.01 to the Second Amendment and Restatement Agreement, or in the Assignment and Assumption pursuant to which such Lender shall
have assumed its Commitment, as applicable (as adjusted pursuant to Section 2.20). The aggregate amount of the Lenders’ Commitments as of the Second Amendment and Restatement Date is $750,000,000. 

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and
any successor statute. 
 “Condemnation Event” means any condemnation or other taking or temporary or permanent
requisition of any property, any interest therein or right appurtenant thereto, or any change of grade affecting any property, as the result of the exercise of any right of condemnation or eminent domain. A transfer to a Governmental Authority in
lieu or anticipation of condemnation shall be deemed to be a Condemnation Event. 

  
 -9- 

 “Consolidated EBITDA” means, for any period, Adjusted Consolidated Net
Income for such period plus, to the extent deducted in determining Adjusted Consolidated Net Income for such period (other than in the case of clause (vii) below), the sum of (i) Consolidated Interest Expense, (ii) income tax expense,
(iii) depreciation, amortization and other similar non-cash charges, (iv) non-cash compensation expense (less any cash paid during such period in respect of non-cash compensation expense accrued during any prior period), (v) expenses
for (A) deferred compensation and bonuses incurred in connection with the Second Amendment and Restatement Transactions and (B) deferred compensation and bonuses, deferred purchase price or earn-out obligations payable in connection with
any Acquisition or Investment effected after the Closing Date, (vi) any fees, costs and expenses paid or payable by the Borrower and its Subsidiaries in connection with (A) the Second Amendment and Restatement Transactions, including
without limitation, amounts payable to the Agents and the Lenders, and (B) any Acquisition or Investment effected after the Closing Date, in each case, expensed or amortized in such period and including fees, expenses or charges triggered by
change of control provisions, and (vii) factually supportable and quantifiable pro forma cost savings or expense reductions related to operational efficiencies (including the entry into any material contract or arrangement), strategic
initiatives or purchasing improvements, and other cost savings, expense reductions, improvements or synergies, in each case, reasonably expected by Borrower to be realized based upon actions initiated or expected to be initiated in connection with,
and within 12 months after, the consummation of any operational change or the acquisition or disposition that in each case has occurred prior to or during such period (which cost savings, expense reductions, improvements and synergies shall be
calculated (x) on a Pro Forma Basis as though such cost savings, expense reductions, improvements or synergies had been realized on the first day of such period and (y) net of the amount of actual benefits realized during such period from
such actions); provided that (A) the chief financial officer of the Borrower shall have certified to the Administrative Agent that such cost savings, improvements, synergies and/or expense reductions are reasonably
quantifiable and reasonably anticipated to result from such actions, (B) no cost savings, improvements, synergies or expense reductions shall be added pursuant to this clause (vii) to the extent duplicative of any expenses or charges
relating to such cost savings that are included in clause (v) above with respect to such period and (C) the aggregate amount of cost savings, synergies, improvements and expense reductions added pursuant to this clause (vii), together with
any amounts added back pursuant to clause (v)(B) above, shall not exceed 10% of Consolidated EBITDA for any period of four consecutive Fiscal Quarters prior to giving effect to amounts added back pursuant to this clause (vii) or such clause
(v)(B); provided, further, that Consolidated EBITDA shall be calculated so as to exclude the effect of any income or expense that (x) is classified as extraordinary in accordance with GAAP, (y) is
disclosed separately as an unusual or non-recurring item or (z) represents the effect of an accounting change on prior periods in accordance with GAAP. 

“Consolidated EBITDAR” means, for any period, Consolidated EBITDA for such period plus, to the extent deducted in
determining Consolidated EBITDA for such period, Consolidated Rental Expense. 
 “Consolidated Fixed Charges”
means, for any period, the sum of Consolidated Interest Expense and Consolidated Rental Expense of the Borrower and its Consolidated Subsidiaries for such period. 

“Consolidated Interest Expense” means, for any period, the interest expense of the Borrower and its Consolidated
Subsidiaries, determined on a consolidated basis for such period; provided that Consolidated Interest Expense shall not (i) include interest capitalized in accordance with GAAP or (ii) be reduced by any interest
income. 

  
 -10- 

 “Consolidated Net Income” means, for any period, the net income (or loss)
of the Borrower and its Consolidated Subsidiaries determined on a consolidated basis for such period. 
 “Consolidated
Rental Expense” means, for any period, the total rental expense for operating leases of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis for such period; provided that Consolidated
Rental Expense shall not be reduced by any rental income. 
 “Consolidated Subsidiary” means, as to any
Person at any date, any Subsidiary or other entity the accounts of which would be consolidated with those of such Person in its consolidated financial statements if such statements were prepared as of such date. Unless otherwise specified,
“Consolidated Subsidiary” means a Consolidated Subsidiary of the Borrower. 
 “Consolidated Total
Assets” means, as of any date of determination, the total amount of all assets of the Borrower and the Consolidated Subsidiaries (but excluding Cornerstone) determined on a consolidated basis in accordance with GAAP as of the last day of
the period for which the Most Recent Financial Statements were delivered prior to such date of determination. 

“Consolidated Senior Secured Indebtedness” means, as of any date of determination, the aggregate amount of
Indebtedness of the Borrower and its Consolidated Subsidiaries outstanding on such date, determined on a consolidated basis in accordance with GAAP (but excluding the effects of any discounting of Indebtedness resulting from the application of
acquisition method accounting in connection with the Second Amendment and Restatement Transactions or any Acquisition permitted hereunder (or other Investment permitted hereunder)) consisting only of Indebtedness for borrowed money, unreimbursed
obligations under letters of credit, obligations in respect of Capital Leases and debt obligations evidenced by promissory notes or similar instruments, in each case, that is secured by a Lien on property or assets of the Borrower or a Subsidiary
Guarantor, less the cash and cash equivalents (in each case, free and clear of Liens other than Liens created pursuant to the Collateral Documents and Permitted Encumbrances that are nonconsensual Liens) of the Borrower and its Consolidated
Subsidiaries in an amount not to exceed $100,000,000 as of such date that would be required to be reflected on a consolidated balance sheet in accordance with GAAP. 

“Consolidated Total Indebtedness” means, as of any date of determination, the aggregate amount of Indebtedness of the
Borrower and its Consolidated Subsidiaries outstanding on such date, determined on a consolidated basis in accordance with GAAP (but excluding the effects of any discounting of Indebtedness resulting from the application of acquisition method
accounting in connection with the Second Amendment and Restatement Transactions or any Acquisition permitted hereunder (or other Investment permitted hereunder)) consisting only of Indebtedness for borrowed money, unreimbursed obligations under
letters of credit, obligations in respect of Capital Leases and debt obligations evidenced by promissory notes or similar instruments less the cash and cash equivalents (in each case, free and clear of Liens other than Liens created pursuant
to the Collateral Documents and Permitted Encumbrances that are nonconsensual Liens) of the Borrower and its Consolidated Subsidiaries in an amount not to exceed $100,000,000 as of such date that would be required to be reflected on a consolidated
balance sheet in accordance with GAAP. 
 “Control” means the possession, directly or indirectly, of the
power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings
correlative thereto. 
 “Cornerstone” means Cornerstone Insurance Company, a Cayman Islands corporation.

  
 -11- 

 “Cost Report Liability Reserve” means, without duplication for any other
reserve hereunder, a reserve which shall reduce availability under the Borrowing Base by the cost report liability of the Borrower and its Restricted Subsidiaries (including for periods prior to the Closing Date), as determined by the Agent in its
Permitted Discretion. 
 “Credit Exposure” means, with respect to any Lender at any time, the sum of the
outstanding principal amount of such Lender’s Revolving Loans and its LC Exposure and Swingline Exposure at such time. 

“Credit Parties” means the Borrower and the Subsidiary Guarantors, collectively. 

“Cumulative Adjusted Consolidated Net Income” means the cumulative Adjusted Consolidated Net Income of the Borrower
and its Consolidated Subsidiaries for the period (taken as one accounting period) from January 1, 2014 to the end of the last fiscal period for which financial statements have been provided to the Lenders pursuant to Section 5.01(a) or
(b) (for the avoidance of doubt, determined by netting net income and net losses). 
 “Default” means
any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default. 

“Defaulting Lender” means any Lender that (a) has failed, within three 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 Lender Party any other amount required to be paid by it hereunder,
unless such Lender notifies the Administrative Agent in writing that (A) in the case of clause (i) above, 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 or (B) in the case of clause (iii) above, such amount is the subject of a good faith dispute, (b) has notified the Borrower or the Administrative Agent in
writing, or has made a public statement to the effect, that it does not intend or expect to comply with any of its funding obligations under this Agreement (unless such writing or public statement 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 under this Agreement cannot be satisfied) or generally under other agreements in which it
commits to extend credit, (c) has failed, within three Business Days after request by the Administrative Agent, acting in good faith, to provide a confirmation 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 the Administrative Agent’s
receipt of such certification in form and substance reasonably satisfactory to it), or (d) has (or a Lender Parent of such Lender has) become the subject of a Bankruptcy Event. 

“Default Rate” means on any day the rate of interest that would be payable on the Loans on such day pursuant to
Section 2.12(c). 
 “Deposit Account Control Agreement” has the meaning set forth in Section 1 of the
Security Agreement. 
 “Designated Cash Management Obligations” means any Cash Management Obligations where
the services or arrangements are provided by a Lender or an Affiliate of a Lender at the time such services or arrangements are provided or the agreement evidencing such services or arrangements is entered into (such Lender or Affiliate of such
Lender in such capacity, a “Cash Management Counterparty”), and that are designated by the Borrower, in a notice to the Agent, as Designated Cash Management Obligations for purposes of the Financing Documents. 

  
 -12- 

 “Designated Interest Rate Agreement” means (i) any Interest Rate
Agreement with a Lender or an Affiliate of a Lender at the time such agreement is entered into or (ii) any Interest Rate Agreement with a Person that becomes a Lender on the Second Amendment and Restatement Date, so long as, in the case of this
clause (ii), such Interest Rate Agreement was entered into no more than 10 Business Days prior to the Second Amendment and Restatement Date (such Lender or Affiliate of such Lender or Person in such capacity, an “Interest Hedge
Counterparty”) that is in each case designated by the Borrower, in a notice to the Agent, as a Designated Interest Rate Agreement for purposes of the Financing Documents. 

“Designated Non-Cash Consideration” means the fair market value of non-cash consideration received by the Borrower or
any of its Subsidiaries in connection with an Asset Sale pursuant to Section 7.03(c) that is designated as Designated Non-Cash Consideration pursuant to a certificate of a Financial Officer, setting forth the basis of such valuation (which
amount will be reduced by the fair market value of the portion of the non-cash consideration converted to cash within 180 days following the consummation of the applicable disposition). 

“Dilution Factors” means, without duplication, with respect to any period, the aggregate amount of all deductions,
credit memos, returns, adjustments, allowances, bad debt write-offs and other non-cash credits which are recorded to reduce accounts receivable in a manner consistent with current and historical accounting practices of the Borrower. 

“Dilution Ratio” means, at any date, the amount (expressed as a percentage) equal to (a) the aggregate amount of
the applicable Dilution Factors with respect to the Borrower and the Subsidiary Guarantors for the 12 most recently ended fiscal months divided by (b) total gross sales of the Borrower and the Subsidiary Guarantors for the 12 most recently
ended fiscal months. 
 “Dilution Reserve” means, at any date, the applicable Dilution Ratio multiplied by
the book value of the Eligible Accounts on such date. 
 “Disqualified Equity Interests” means Equity
Interests of any Person that (a) by their terms or upon the happening of any event are (i) required to be redeemed or are redeemable at the option of the holder on or prior to the day that is 91 days after the Maturity Date for
consideration other than Qualified Equity Interests of such Person or (ii) convertible at the option of the holder into Disqualified Equity Interests of such Person or exchangeable for Indebtedness or (b) require (or permit at the option
of the holder) the payment of any dividend, interest, sinking fund or other similar payment (other than the accrual of such obligations) on or prior to the day that is 91 days after the Maturity Date (other than payments made solely in Qualified
Equity Interests of such Person). 
 “Disqualified Institutions” means Persons listed on the list provided to
the Administrative Agent on the Closing Date (the “Disqualified Institutions List”), as such Disqualified Institutions List may be updated from time to time (but not more than once per Fiscal Quarter unless the Administrative Agent
otherwise consents) by the Borrower by written notice to the Administrative Agent; provided that, notwithstanding the foregoing, the Disqualified Institutions List shall not be updated without the consent of the Administrative
Agent (not to be unreasonably withheld or delayed); and provided further that no Lender, Affiliate of a Lender or Approved Fund shall be listed at any time on the Disqualified Institutions List. The Administrative Agent shall
promptly provide the Disqualified Institutions List, as such list may be updated from time to time in accordance with the provisions of this definition, to each Lender that shall have requested such list. 

  
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 “Disqualified Institutions List” has the meaning assigned to such term in
the definition of “Disqualified Institutions.” 
 “dollars” or “$” refers to
lawful money of the United States of America. 
 “Domestic Subsidiary” means any Subsidiary that is organized
or existing under the laws of the United States, any State of the United States or the District of Columbia. 

“Eligible Accounts” means, at the time of determination thereof, all Accounts that satisfy at the time of creation and
continue to satisfy at the time of such determination, the following criteria: such Account (i) arises from services performed or goods sold by the Borrower or a Subsidiary Guarantor, (ii) is invoiced within 31 days (or in a timely manner
in accordance with the normal invoicing policies and timing procedures of the Borrower and the Subsidiary Guarantors but in any event within 60 days) following the date such Account is recognized as revenue by the Borrower or the applicable
Subsidiary Guarantors and (iii) is not ineligible for inclusion in the calculation of the Borrowing Base pursuant to any of the clauses (a) through (aa) below or otherwise deemed by the Agent in its Permitted Discretion to be ineligible
for inclusion in the calculation of the Borrowing Base as described below. Unless otherwise approved from time to time in writing by the Agent, Eligible Accounts shall not include any of the following Accounts:  

(a) any Account that does not arise from the sale of goods or the performance of services by the Borrower or any Subsidiary
Guarantor in the ordinary course of its business; 
 (b) any Account that does not comply with all applicable legal
requirements, including, without limitation, all laws, rules, regulations and orders of any governmental or judicial authority (including any Account due from an Account Debtor located in the State of Indiana, New Jersey, Minnesota or West Virginia
(or any other state that requires a creditor to file a business activity report or similar document in order to bring suit or otherwise enforce remedies against such Account Debtor in the courts or through any judicial process of such state), unless
the Borrower or the applicable Subsidiary Guarantor (at the time the Account was created and at all times thereafter) (i) had qualified to do business in Indiana, New Jersey, Minnesota or West Virginia or such other state, as applicable,
(ii) had filed and has maintained effective a current notice of business activity report with the appropriate office or agency of the State of Indiana, New Jersey, Minnesota or West Virginia or such other state, as applicable, or (iii) was
and has continued to be exempt from filing such report and has provided the Agent with reasonably satisfactory evidence thereof); 

(c) any Account that is subject to any adverse security deposit, progress payment, retainage or other similar advance made by
or for the benefit of the applicable Account Debtor, in each case to the extent thereof; 
 (d) any Account (i) that is
invoiced in advance of the related goods sold or services provided, (ii) that is invoiced more than once, or (iii) with respect to which the associated income has not been earned; 

(e) any Account that is a non-trade Account or that relates to payments for interest; 

(f) any Account that is not paid in full and with respect to which the Borrower or applicable Subsidiary Guarantor creates a
new receivable for the unpaid portion of such Account, and other Accounts constituting chargebacks, debit memos and other adjustments for unauthorized deductions; 

  
 -14- 

 (g) any Account that relates to goods sold or services provided through
discontinued operations or other assets and operations currently held for sale, except to the extent that such operations or assets are subject to active management by, and the normal Account collection procedures of, the Borrower or the applicable
Subsidiary Guarantor; 
 (h) any Account (i) upon which the Borrower’s or the applicable Subsidiary
Guarantor’s right to receive payment is not absolute or is contingent upon the fulfillment of any condition whatsoever by the Borrower or such Subsidiary Guarantor or (ii) as to which the Borrower or the applicable Subsidiary Guarantor is
not able to bring suit or otherwise enforce its remedies against the Account Debtor through judicial or administrative process or (iii) if the Account represents a progress billing consisting of an invoice for goods sold or used or services
rendered pursuant to a contract under which the Account Debtor’s obligation to pay that invoice is subject to the Borrower’s or the applicable Subsidiary Guarantor’s completion of further performance under such contract or is subject
to the equitable lien of a surety bond issuer; 
 (i) to the extent that any defense, counterclaim, setoff or dispute is
asserted as to such Account; 
 (j) any Account that is not a true and correct statement of bona fide indebtedness incurred
in the amount of the Account for merchandise sold to or services rendered and accepted by the applicable Account Debtor; 

(k) any Account with respect to which an invoice, reasonably acceptable to the Agent in form and substance, has not been sent
on a timely basis as specified in clause (ii) of the first paragraph of this definition; 
 (l) any Account
(i) that is not owned by the Borrower or the applicable Subsidiary Guarantor or with respect to which the Borrower or applicable Subsidiary Guarantor does not have sole lawful and absolute title or (ii) that is subject to any right, claim,
security interest or other interest of any other Person, other than (x) Liens in favor of the Agent pursuant to the Collateral Documents, on behalf of itself and the Lenders or (y) so long as the same are subject to the Term Loan
Intercreditor Agreement in the capacity of Fixed Asset Obligations, Liens granted pursuant to Section 7.02(k) or (m), or to the extent constituting a modification, replacement, extension or renewal of any Lien permitted by 7.02(m),
Section 7.02(n); 
 (m) any Account that arises from a sale to any director, officer, other employee or Affiliate of the
Borrower or any Subsidiary; 
 (n) any Account due from an Account Debtor that is not domiciled in the United States or (if
not a natural person) organized under the laws of the United States or any political subdivision thereof; 
 (o) to the
extent the Borrower or any Subsidiary Guarantor is liable for goods sold or services rendered by the applicable Account Debtor to the Borrower or any Subsidiary Guarantor thereof but only to the extent of the potential offset; 

(p) any Account that arises with respect to goods that are delivered on a bill-and-hold, cash-on-delivery basis or placed on
consignment, guaranteed sale or other terms by reason of which the payment by the Account Debtor is or may be conditional; 

(q) any Account that is payable by a Private Payor; 

  
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 (r) any Account that is in default; provided that, without limiting the
generality of the foregoing, an Account shall be deemed in default upon the occurrence of any of the following: 
 (i) any
Account not paid within 120 days following its original invoice date; or 
 (ii) the Account Debtor obligated upon such
Account suspends business, makes a general assignment for the benefit of creditors or fails to pay its debts generally as they come due; or 

(iii) a petition is filed by or against any Account Debtor obligated upon such Account under any bankruptcy law or any other
federal, state or foreign (including any provincial) receivership, insolvency relief or other law or laws for the relief of debtors; 

(s) any Account that is the obligation of an Account Debtor if 50% or more of the dollar amount of all Accounts owing by that
Account Debtor are ineligible under the other criteria set forth in this definition; 
 (t) any Account as to which the
Agent’s Lien thereon, on behalf of itself and the Lenders, is not a first priority perfected Lien; 
 (u) any Account as
to which any of the applicable representations or warranties in the Financing Documents are untrue; 
 (v) to the extent such
Account is evidenced by an instrument or chattel paper (each as defined in the UCC) or a judgment; 
 (w) to the extent such
Account exceeds any credit limit established by the Agent in its Permitted Discretion following prior notice of such limit by the Agent to the Borrower; 

(x) (i) that portion of any Account in respect of which there has been, or should have been, in accordance with GAAP,
established by the Borrower or a Restricted Subsidiary a contra account whether in respect of contractual allowances, audit adjustments, anticipated discounts or otherwise, or (ii) any Account which is a Third Party Insurance Account and is due
from an Account Debtor to whom the Borrower or any Restricted Subsidiary owes a trade payable, but only to the extent of such trade payable, or (iii) any Account which the Borrower or any Restricted Subsidiary knows is subject to the exercise
by an Account Debtor of any right of recession, set-off, recoupment, counterclaim or defense, whether arising out of transactions concerning the provision of medical services or otherwise, provided that this clause (iii) shall not apply
to adjustments in the ordinary course with respect to Government Receivables; 
 (y) any Account due from any Third Party
Payor (i) in respect of which a credit loss has been recognized or reserved by the Borrower or any Restricted Subsidiary, but only to the extent of such loss or reserve, or (ii) that, except in the case of a Government Receivable, is the
United States or any state government or any department, agency or instrumentality thereof, unless the Borrower or the applicable Subsidiary Guarantor has complied in all respects with the Federal Assignment of Claims Act of 1940 or the
corresponding provision of any applicable state law; 
 (z) any Account that is payable in any currency other than dollars;
or 

  
 -16- 

 (aa) any Account that is otherwise unacceptable to the Agent, in its Permitted
Discretion. 
 Notwithstanding the foregoing, all Accounts of any single Account Debtor (except in the case of Government Receivables) owing
to the Borrower or any Subsidiary Guarantor the book value of which, in the aggregate (together with any Accounts of any Account Debtor that is an Affiliate of such single Account Debtor), exceeds 10% (or, in the case of an Account Debtor which is
rated as Investment Grade, 20%) of the aggregate book value of all Eligible Accounts at the time of any determination (calculated without regard to this paragraph) shall be deemed not to be Eligible Accounts to the extent of such excess. The
aggregate book value of Accounts of any single Account Debtor and such Affiliates owing to the Borrower or any Subsidiary Guarantor for purposes of the immediately preceding sentence shall be determined by the Borrower and, so long as the Borrower
shall have used its best efforts in making such determination, such determination shall be conclusive absent manifest error. In determining the aggregate amount from the same Account Debtor that is unpaid more than 120 days from the date of invoice
pursuant to clause (r) above there shall be excluded the amount of any net credit balances relating to the Accounts due from an Account Debtor with invoice dates more than 120 days from the date of invoice. 

“Eligible Aged Account” means any Account that is not an Eligible Account solely because such Account was not paid
within 120 days following its original invoice date; provided that any such Account that is not paid within 180 days following its original invoice date shall not be an “Eligible Aged Account.” 

“Eligible Private Payor Account” means any Account that is not an Eligible Account solely because it is payable by a
Private Payor. 
 “Enforceable Judgment” means a judgment or order of a court or arbitral or regulatory
authority as to which the period, if any, during which the enforcement of such judgment or order is stayed shall have expired. A judgment or order which is under appeal or as to which the time in which to perfect an appeal has not expired shall not
be deemed an Enforceable Judgment so long as enforcement thereof is effectively stayed pending the outcome of such appeal or the expiration of such period, as the case may be. 

“Enforcement Notice” means a notice delivered by the Administrative Agent to the Collateral Agent pursuant to
Section 8.03 directing the Collateral Agent to exercise one or more specific rights or remedies under the Collateral Documents. 

“Environment” means ambient air, indoor air, surface water, ground water, drinking water, soil, surface and subsurface
strata, and natural resources such as wetland flora and fauna. 
 “Environmental Laws” means any and all
federal, state, local and foreign statutes, laws, judicial decisions, regulations, ordinances, rules, judgments, orders, decrees, codes, plans, injunctions, permits, concessions, grants, franchises, licenses, agreements and governmental restrictions
relating to the Environment or to the effect of the Environment on human health or to emissions, discharges or Releases of Hazardous Materials, or otherwise relating to the manufacture, generation, processing, distribution, use, treatment, storage,
disposal, transport or handling of Hazardous Materials or the clean-up or other remediation thereof. 
 “Environmental
Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties, natural resource damages or indemnities), of the Borrower or any Restricted Subsidiary
directly or indirectly resulting from or based upon (i) any Environmental Law, (ii) the generation, use, handling, transportation, storage, treatment or disposal  

  
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of any Hazardous Materials, (iii) exposure to any Hazardous Materials, (iv) the Release or threatened Release of any Hazardous Materials or (v) any contract, agreement or other
consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 
 “Equity
Interest” means (i) in the case of a corporation, any shares of its capital stock, (ii) in the case of a limited liability company, any membership interest therein, (iii) in the case of a partnership, any partnership interest
(whether general or limited) therein, (iv) in the case of any other business entity, any participation or other interest in the equity or profits thereof or (v) any warrant, option or other right to acquire any Equity Interest described in
the foregoing clauses (i), (ii), (iii) and (iv). 
 “ERISA” means the Employee Retirement Income
Security Act of 1974, as amended, or any successor statute. 
 “ERISA Group” means the Kindred Companies and
all members of a controlled group of corporations and all trades or businesses (whether or not incorporated) under common control which, together with any Kindred Company, are treated as a single employer under Section 414 of the Code.

 “Escrow Account” means a deposit or securities account at a financial institution reasonably satisfactory to
the Administrative Agent (any such institution, an “Escrow Agent”) into which any Escrow Funds are deposited. 

“Escrow Account Documents” means the agreement(s) governing an Escrow Account and any other documents entered into in
order to provide the applicable Escrow Agent (or its designee) Liens on the related Escrow Funds. 
 “Escrow
Agent” has the meaning set forth in the definition of the term “Escrow Account”. 
 “Escrow
Funds” means the sum of (a) the net proceeds of any Escrow Notes, plus (b) the related Additional Escrow Amount, plus (c) so long as they are retained in an Escrow Account, any income, proceeds or products of
the foregoing. 
 “Escrow Notes” means debt securities of an Escrow Subsidiary issued after the Second
Amendment and Restatement Date (which may not be guaranteed or receive credit support from any Person other than an Escrow Subsidiary); provided that the net proceeds of such debt securities are deposited into an Escrow Account
upon the issuance thereof. 
 “Escrow Notes Documents” mean the Escrow Notes Indentures, the Escrow Account
Documents and any other documents entered into by an Escrow Subsidiary in connection with any Escrow Notes. 
 “Escrow
Notes Indentures” means the indenture(s) pursuant to which any Escrow Notes shall be issued. 
 “Escrow
Subsidiary” means a Subsidiary of the Borrower that (a) shall have been identified to the Administrative Agent promptly following its formation, (b) at no time shall contain any assets or liabilities other than any Escrow Notes,
any Escrow Funds, any Escrow Accounts and such Subsidiary’s rights and obligations under any Escrow Notes Documents and (c) shall be an Unrestricted Subsidiary for all purposes of the Financing Documents (it being understood that no Escrow
Subsidiary shall, notwithstanding anything to the contrary contained in any Financing Document, in any event be designated a Restricted Subsidiary). 

  
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 “Established Reserves” means, collectively, the Cost Report Liability
Reserve, the Interest Rate Agreement Reserve and the Cash Management Obligations Reserve. 
 “Eurodollar,”
when used in reference to any Revolving Loan or Revolving Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted LIBO Rate. 

“Event of Default” has the meaning assigned to such term in Section 8.01. 

“Excluded Partnership” means each of the general and limited partnerships and each of the limited liability companies
identified on Schedule 1.01B hereto as an Excluded Partnership; provided that any such partnership or limited liability company shall cease to be an Excluded Partnership at such time as (i) the grant of a security interest
in the partnership interests or limited liability company interests thereof and a guaranty of the Obligations by such entity shall no longer constitute a material violation of a valid and enforceable restriction in favor of a third party or
(ii) the required consents to such grant and such guaranty shall have been obtained. 
 “Excluded
Subsidiary” means (i) a Foreign Subsidiary, (ii) a Subsidiary that is not a Wholly Owned Subsidiary, (iii) any Subsidiary to the extent, in the case of this clause (iii), that a guarantee of the Borrower’s Obligations by
such Subsidiary is not permitted by applicable law or would result in a material adverse U.S. federal income tax consequence with respect to such Subsidiary pursuant to Section 956 of the Code or any amended or successor version that is
substantively comparable, as reasonably determined by the Borrower (in consultation with the Administrative Agent), and (iv) any Subsidiary with total assets of less than $10,000 as of the most recently delivered consolidated balance sheet of
the Borrower delivered pursuant to Section 5.01. 
 “Excluded Swap Obligation” means, with respect to any
Subsidiary Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the Guarantee of such Subsidiary Guarantor of, or the grant by such Subsidiary Guarantor of a security interest to secure, such Swap Obligation (or any
Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Subsidiary
Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the Guarantee of such Subsidiary Guarantor or the grant of such
security interest becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable
to swaps for which such Guarantee or security interest is or becomes illegal. 
 “Excluded Taxes” means, with
respect to the Administrative Agent, any Lender, any Issuing Lender or any other recipient of any payment to be made by or on account of any obligation of any Credit Party under any Financing Document, (i) income or franchise taxes imposed on
(or measured by) its net income by a jurisdiction as a result of such recipient being organized or having its principal office or applicable lending office in such jurisdiction or as a result of any other present or former connection between such
recipient and the jurisdiction (other than a connection arising from such recipient having executed, delivered, enforced, become a party to or performed its obligations under, received payments under, received or perfected a security interest under,
or engaged in any other transaction pursuant to any Financing Documents) including (for the avoidance of doubt) U.S. federal income tax imposed on the net income of a Foreign Lender as a result of such Foreign Lender engaging in a trade or business
in the United States, (ii) any branch profits tax imposed under Section 884(a) of the Code or the Treasury regulations promulgated thereunder, or any similar tax, imposed by any jurisdiction described in clause (i), (iii) in the
case of a Foreign Lender (other than an assignee pursuant to a request by the Borrower under  

  
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Section 2.18(b)), any U.S. federal withholding tax that is imposed on amounts payable to such Foreign Lender pursuant to a law in effect at the time such Foreign Lender becomes a party to
this Agreement (or where the Foreign Lender is a partnership for U.S. federal income tax purposes, pursuant to a law in effect on the later of the date on which such Foreign Lender becomes a party hereto or the date on which the affected partner
becomes a partner of such Foreign Lender) or designates a new lending office, except to the extent that such Foreign Lender (or its assignor, if any) was entitled, immediately prior to the designation of a new lending office (or assignment), to
receive additional amounts with respect to such withholding tax pursuant to Section 2.16(a), (iv) any withholding tax that is attributable to a Lender’s failure to comply with Section 2.16(e), and (v) any U.S. federal
withholding tax imposed by FATCA. 
 “Executive Officer” means any “executive officer” (within the meaning
of Rule 3b-7 under the Securities Exchange Act) of the Borrower. 
 “Existing Affiliate Agreements” means the
agreements listed in Schedule 1.01C hereto. 
 “Existing Kindred Credit Facility” means the Second Amended
and Restated Credit Agreement (as further amended heretofore), dated as of July 18, 2007, among the Borrower, the lenders party thereto, the issuing lender party thereto, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent,
Citicorp USA, Inc., as syndication agent, and General Electric Capital Corporation, the CIT Group/Business Credit, Inc. and Wells Fargo Foothill, as co-documentation agents, as in effect immediately prior to the Closing Date. 

“Existing Letters of Credit” means the letters of credit issued by the Issuing Lender before the Closing Date and
listed in Schedule 1.01I hereto. 
 “Existing RehabCare Credit Facility” means that certain Amended and
Restated Credit Agreement, dated November 24, 2009, by and among RehabCare Group, Inc., as borrower, the guarantors party thereto, Bank of America, N.A., as administrative agent and collateral agent, and the other agents and arrangers
identified therein, as amended, amended and restated, supplemented or otherwise modified from time to time. 

“Existing Senior Notes” means $550,000,000 in aggregate principal amount of the Borrower’s 8.25% senior unsecured
notes due 2019 issued or released from escrow on the Closing Date and any notes issued in exchange therefor pursuant to the registration rights agreement entered into in connection therewith.  

“FATCA” means current Sections 1471 through 1474 of the Code or any amended or successor version that is substantively
comparable and not materially more onerous to comply with, any Treasury regulations or published administrative guidance interpreting the foregoing, any agreement entered into pursuant to current Section 1471(b) of the Code (or any amended or
successor version described above) and any intergovernmental agreements implementing the foregoing. 
 “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 Agent from three Federal funds brokers of recognized standing selected by it. 

  
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 “Fee Letter” means that certain Fee Letter dated February 7, 2011
among JPMorgan Chase Bank, N.A., J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Morgan Stanley Senior Funding, Inc. and Kindred Healthcare, Inc., as amended, amended and restated, supplemented or otherwise modified. 

“Financial Officer” means the principal financial officer, principal accounting officer, treasurer or assistant
treasurer of the Borrower. 
 “Financing Documents” means this Agreement (including the Schedules and
Exhibits hereto), Amendment No. 1, the Amendment and Restatement Agreement, the Second Amendment and Restatement Agreement, the Third Amendment and Restatement Agreement, each Letter of Credit (and each application in respect thereof;
provided that such Letters of Credit and applications shall not be deemed to be Financing Documents for purposes of Section 10.02) any promissory notes issued hereunder and the Collateral Documents. 

“Fiscal Quarter” means a fiscal quarter of the Borrower. 

“Fiscal Year” means a fiscal year of the Borrower. 

“Fixed Asset Obligations” has the meaning assigned to such term in the Term Loan Intercreditor Agreement. 

“Fixed Charge Coverage Ratio” means, on any date (the “transaction date”), the ratio of
(x) Consolidated EBITDAR for the four consecutive Fiscal Quarters ended immediately prior to the transaction date (the “Reference Period”) to (y) Consolidated Fixed Charges for the Reference Period;
provided that, Cornerstone shall be disregarded for purposes of determining the Fixed Charge Coverage Ratio. The foregoing calculation shall be made on a Pro Forma Basis. 

“Foreign Lender” means any Lender that is not a “United States person” as defined in
Section 7701(a)(30) of the Code. 
 “Foreign Subsidiary” means a Subsidiary that is not a Domestic
Subsidiary. 
 “GAAP” means generally accepted accounting principles in the United States of America.

 “Gentiva” means Gentiva Health Services, Inc., a Delaware corporation. 

“Gentiva Acquisition” means the acquisition of Gentiva by the Borrower by means of the Gentiva Merger. 

“Gentiva Merger” means the merger of the Merger Subsidiary with and into Gentiva, pursuant to the Gentiva Merger
Agreement. 
 “Gentiva Merger Agreement” means that certain Agreement and Plan of Merger dated as of
October 9, 2014, by and among the Borrower, Gentiva and Merger Subsidiary. 
 “Government Receivables”
shall mean collectively, any and all Accounts which are (a) Medicare Receivables, (b) Medicaid Receivables, (c) TRICARE Receivables, (d) CHAMPUS Receivables, (e) VA Receivables or (f) any other Accounts payable by a
Governmental Authority approved by the Agent, which approval shall not be unreasonably withheld. 

  
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 “Governmental Approvals” means all authorizations, consents, approvals,
licenses and exemptions of, registrations and filings with, and reports to, all Governmental Authorities. 

“Governmental Authority” means any nation, province, state or political subdivision thereof, and any government or any
Person exercising executive, legislative, regulatory or administrative functions of or pertaining to government, and any corporation or other entity owned or controlled, through stock or capital ownership or otherwise, by any of the foregoing.

 “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, (i) 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, (ii) 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, (iii) 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 (iv) 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. 

“Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances,
wastes or other pollutants or contaminants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature
regulated pursuant to any Environmental Law. 
 “Healthcare Facility” means (i) a hospital, outpatient
clinic, nursing center, assisted or independent living community, long-term care facility or any other facility that is used or useful in the provision of healthcare or custodial care services, (ii) any healthcare business affiliated or
associated with a Healthcare Facility (as defined in clause (i)) or (iii) any business related or ancillary to the provision of healthcare services or the operation of a Healthcare Facility (as defined in clause (i)) including, but not limited
to, pharmacy supply and services, contract therapy services, as well as hospice and home care services. 
 “Healthcare
Related Business” means any businesses related to the owning, operating or managing of Healthcare Facilities (including any businesses related thereto) and any business that is a natural outgrowth or reasonable extension of any such
business or is similar, reasonably related, incidental, complementary or ancillary to any of the foregoing or any business that in the Borrower’s good faith business judgment constitutes a reasonable diversification of business conducted by the
Borrower and its Subsidiaries.  
 “Hedging Agreement” means any interest rate protection agreement, foreign
currency exchange agreement, commodity price protection agreement or other interest rate, currency exchange rate or commodity price hedging arrangement. 

“HHS” has the meaning set forth in the definition of “Medicare Regulations.” 

“Incremental Amendment” has the meaning set forth in Section 2.20(e). 

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

  
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 “Indebtedness” of any Person means, without duplication, (i) all
obligations of such Person for borrowed money, (ii) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (iii) all obligations of such Person to pay the deferred purchase price of property or
services, (iv) all Capital Lease Obligations of such Person, (v) all obligations of such Person to purchase securities which arise out of or in connection with the sale of the same or substantially similar securities, (vi) all
obligations of such Person (whether contingent or non-contingent) to reimburse any Lender or other Person in respect of amounts paid under a letter of credit, banker’s acceptance or similar instrument, (vii) all obligations secured by a
Lien on any asset of such Person, whether or not such Indebtedness is otherwise an obligation of such Person, and (viii) all Guarantees by such Person of obligations of another Person (each such Guarantee to constitute Indebtedness in an amount
equal to the maximum amount of such other Person’s obligations Guaranteed thereby); provided that neither (a) trade accounts payable nor (b) amounts owed to patients or residents arising in the ordinary course of
business nor (c) obligations arising in respect of insurance policies or performance or surety bonds which are not themselves Guarantees of Indebtedness (nor drafts, acceptances or similar instruments evidencing the same nor obligations in
respect of letters of credit supporting the payment of the same) nor (d) guarantees of any obligation of the Borrower or a Restricted Subsidiary pursuant to an operating lease shall constitute Indebtedness. 

“Indemnified Taxes” means all Taxes other than (i) Excluded Taxes, (ii) Other Taxes and (iii) Taxes
excluded from Other Taxes pursuant to the definition thereof. 
 “Indemnitee” has the meaning assigned to
such term in Section 10.03(b). 
 “Ineligible Account” means any Account that does not constitute an Eligible
Account due to the operation of any Ineligible Account Clause. 
 “Ineligible Account Amount” means, as of
the end of any calendar month, with respect to any Ineligible Account Clause, the book value of the Accounts constituting Ineligible Accounts by operation of such Ineligible Account Clause as of the end of such month.  

“Ineligible Account Clause” means (A) any one of clauses (a) through (aa) of the definition of Eligible
Accounts or (B) any of clause (i), (ii) or (iii) of the first proviso to the definition of Borrowing Base. 

“Information” has the meaning assigned to such term in Section 10.12(a). 

“Information Memorandum” means the Confidential Information Memorandum dated March, 2011 relating to the Borrower and
the Transactions. 
 “Initial Master Lease Properties” means the Healthcare Facilities identified as the
“Initial Master Lease Properties” on Schedule 1.01D hereto. 
 “Insurance Subsidiary” means any
insurance company that becomes a Subsidiary of the Borrower on or after the Closing Date. 
 “Intercompany
Note” means a promissory note substantially in the form of Exhibit F hereto. 
 “Interest Election
Request” means a request by the Borrower to convert or continue a Borrowing in accordance with Section 2.07. 

“Interest Hedge Counterparty” has the meaning assigned to such term in the definition of Designated Interest Rate
Agreement. 

  
 -23- 

 “Interest Payment Date” means (a) (i) with respect to any ABR Loan
(other than a Swingline Loan), the last day of each March, June, September and December and (ii) with respect to any Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case
of a Eurodollar Borrowing with an Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period
and (b) with respect to any Swingline Loan, the first Business Day of each month following the making of such Loan and the date that such Loan is required to be repaid. 

“Interest Period” means with respect to any Eurodollar 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; provided, that (i) 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 (ii) any Interest Period pertaining to a Eurodollar Borrowing 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. 
 “Interest Rate Agreement” means any interest rate
protection agreement, interest rate future, interest rate option, interest rate swap, interest rate cap or other interest rate hedge arrangement, to or under which the Borrower or any of its Restricted Subsidiaries is a party or a beneficiary on the
Second Amendment and Restatement Date or becomes a party or a beneficiary hereafter. 
 “Interest Rate Agreement
Reserve” means a reserve which shall reduce availability under the Borrowing Base by, as of any date of determination, an amount equal to the aggregate amount that would be payable by the Borrower or any of its Restricted Subsidiaries to
the Interest Hedge Counterparties in the event the Designated Interest Rate Agreements were terminated as of such date, as determined by the Agent in its Permitted Discretion. 

“Investment” means, with respect to any Person (the “Investor”), any investment by the Investor in
any other Person, whether by means of share purchase, capital contribution, loan, advance, purchase of Indebtedness, payment in respect of a Guarantee of Indebtedness, time deposit or otherwise. For purposes of covenant compliance (other than
Section 7.08(b)(ii)), any Investment by the Borrower or a Restricted Subsidiary in any Person other than the Borrower or a Subsidiary Guarantor (or a Restricted Subsidiary that is not a Subsidiary Guarantor, in the case of an Investment by
another Restricted Subsidiary that is not a Subsidiary Guarantor) shall be deemed outstanding at all times after it is made and the amount of any Investment at any time shall be the amount actually invested (measured at the time made), without
adjustment for subsequent changes in the value of such Investment, net of any cash return to the Borrower or a Restricted Subsidiary representing a return of capital or proceeds of a sale or other realization with respect to such Investment.

 “Investment Grade” means, with respect to any Person, that such Person has a corporate credit rating of BBB-
or better by S&P and a corporate family rating of Baa3 or better by Moody’s. 
 “Issuing Lender”
means (a) JPMorgan Chase Bank, N.A., in its capacity as the issuer of Letters of Credit (and its successors in such capacity as provided in Section 2.04(j)), (b) solely with respect to Existing Letters of Credit issued by any other
issuer of an Existing Letter of Credit that is a Lender, such issuer together with its successors in such capacity, and (c) any Lender approved by the Administrative Agent and the Borrower; provided that no such Lender
shall be obligated to become an Issuing Lender  

  
 -24- 

 
hereunder. The Issuing Lender may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of the Issuing Lender. References herein and in the other Financing
Documents to the Issuing Lender shall be deemed to refer to the Issuing Lender in respect of the applicable Letter of Credit or to all Issuing Lenders, as the context requires. 

“Joint Lead Arrangers” means J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Morgan Stanley Senior
Funding, Inc. 
 “Junior Debt” has the meaning assigned to such term in Section 7.12. 

“Kindred Company” means the Borrower or any Subsidiary of the Borrower. 

“LC Disbursement” means a payment made by the Issuing Lender pursuant to a Letter of Credit. 

“LC Exposure” means, at any time, the sum of (i) the aggregate undrawn amount of all outstanding Letters of
Credit at such time plus (ii) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Borrower at such time. The LC Exposure of any Lender at any time shall be its Applicable Percentage of the total
LC Exposure at such time. 
 “Lender Parent” means, with respect to any Lender, any Person as to which such
Lender is, directly or indirectly, a Subsidiary. 
 “Lender Parties” means the Lenders, the Issuing Lender,
the Swingline Lender and the Agent. 
 “Lenders” means the Persons listed on Schedule 2.01 and any other
Person that shall have become a party hereto pursuant to an Assignment and Assumption, the Second Amendment and Restatement Agreement or pursuant to Section 2.20, other than any such Person that ceases to be a party hereto pursuant to an
Assignment and Assumption. Unless the context otherwise requires, the term “Lenders” includes the Swingline Lender.  

“Letter of Credit” means any letter of credit issued hereunder by the Issuing Lender (it being understood that upon
and following the Closing Date, Existing Letters of Credit shall be deemed to be Letters of Credit for all purposes hereunder). 

“Letter of Credit Outside Date” means the date that is five Business Days prior to the Maturity Date. 

“LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, the offered rate administered by
ICE Benchmark Administration or a comparable or successor rate if the ICE Benchmark Administration is no longer making a LIBO rate available, as determined by the Administrative Agent from time to time for purposes of providing quotations of
interest rates applicable to dollar deposits in the London interbank market) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, as the rate for dollar deposits with a maturity comparable to
such Interest Period; provided that if the LIBO Rate shall be less than zero, then for purposes of this Agreement the LIBO Rate shall be deemed to be zero.  

“Lien” means, with respect to any asset, (i) any mortgage, deed of trust, lien, pledge, hypothecation,
encumbrance, charge or security interest in, on or of such asset or any other arrangement (other than a right of set-off, recoupment, counterclaim or similar right) the economic effect of which is to give a creditor preferential access to such asset
to satisfy its claim, (ii) 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 (iii) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities. 

  
 -25- 

 “Lien Grantor” means the Borrower or a Subsidiary Guarantor that grants a
Lien on any of its property pursuant to the Collateral Documents. 
 “Loans” means the loans made by the
Lenders to the Borrower pursuant to this Agreement. 
 “Margin Stock” has the meaning set forth in Regulation
U. 
 “Master Lease Agreements” means the Master Lease Agreements demising to the Borrower, the Initial
Master Lease Properties and any other lease agreement pursuant to which any real property is leased by the Borrower or any Restricted Subsidiary from any Ventas Company, in each case as amended from time to time after the Closing Date in accordance
with the terms hereof and thereof. 
 “Master Lease Event of Default” means an “Event of Default”
as such term is defined in the applicable Master Lease Agreement. 
 “Master Lease Payment Default” means,
with respect to any Master Lease Agreement, (a) a default in the payment of Base Rent (as defined in the applicable Master Lease Agreement) and (b) a default in the payment of the financial obligations of the tenant thereunder other than
Base Rent (as defined in the applicable Master Lease Agreement) if such default is in respect of amounts greater than $200,000 for any single facility (individually and not in the aggregate with any default occurring at any other facility under any
Master Lease Agreement). 
 “Master Lease Property” means (i) the Initial Master Lease Properties and
(ii) any properties added after the Closing Date to the properties leased under a Master Lease Agreement. 

“Material Adverse Effect” means a material adverse effect on (i) the business, assets, results of operations,
property or condition (financial or otherwise) of the Borrower and its Restricted Subsidiaries, taken as a whole, (ii) the ability of the Borrower, or the ability of the Restricted Subsidiaries taken as a whole, to perform any of their
respective obligations under any Financing Document, (iii) the validity, binding effect or enforceability of any Financing Documents or the rights of or benefits available under the Financing Documents to the Agent, the Issuing Lender or the
Lenders or (iv) the validity, perfection or priority of the Liens on any material part of the Collateral created or purportedly created under the Collateral Documents. 

“Material Healthcare Facility” means a Healthcare Facility occupied pursuant to a Master Lease Agreement for which
annual Base Rent (as defined in the applicable Master Lease Agreement) is greater than $2,500,000 with respect to such facilities which are hospitals, and is greater than $1,000,000 with respect to such facilities other than hospitals. 

“Material Indebtedness” means Indebtedness (other than Indebtedness arising under this Agreement), or obligations in
respect of one or more Hedging Agreements, of the Borrower or any one or more of the Restricted Subsidiaries, arising in one or more related or unrelated transactions, in an aggregate principal amount of $50,000,000 or more. For purposes of
determining Material Indebtedness, the “principal amount” of the obligations of the Borrower or a Subsidiary Guarantor in respect of any Hedging Agreement at any time will be the maximum aggregate amount (after giving effect to any netting
agreements) that the Borrower or such Subsidiary Guarantor, as the case may be, would be required to pay if such Hedging Agreement were terminated at such time. 

  
 -26- 

 “Material Plan” means at any time a Plan or Plans having aggregate
Unfunded Liabilities in excess of $50,000,000. 
 “Material Real Property” means any real property, excluding
any ground leased properties for which Borrower or any Subsidiary Guarantor is a tenant, with a book value exceeding, in the case of real property relating to a Healthcare Facility that is a hospital, $10,000,000, or in the case of any other real
property, $5,000,000, in either case, which is acquired in fee by the Borrower or a Subsidiary Guarantor after the Closing Date and not sold to a Person (other than the Borrower or a Subsidiary Guarantor) within 90 days after such acquisition.

 “Maturity Date” means the fifth anniversary of the Second Amendment and Restatement Date, or if such day is
not a Business Day, the next preceding Business Day. 
 “Maximum Intraquarter Static Ineligible Account
Amount” means, as of the end of any Fiscal Quarter (beginning with the Fiscal Quarter ending March 31, 2014), 10% of the book value of all Ineligible Accounts as calculated as of the last day of such Fiscal Quarter.  

“Maximum Rate” has the meaning assigned to such term in Section 10.14. 

“Medicaid” means the medical assistance program established by Title XIX of the Social Security Act (42 U.S.C.
§ 1396 et seq.) and any statutes succeeding thereto. 
 “Medicaid Receivable”
has the meaning set forth in Section 1 of the Security Agreement. 
 “Medicaid Regulations” means,
collectively, (i) all federal statutes (whether set forth in Title XIX of the Social Security Act or elsewhere) affecting Medicaid, (ii) all applicable provisions of all federal rules, regulations, manuals and orders of all Governmental
Authorities promulgated pursuant to or in connection with the statutes described in clause (i) above and all federal administrative, reimbursement and other guidelines of all Governmental Authorities having the force of law promulgated pursuant
to or in connection with the statutes described in clause (i) above, (iii) all state statutes and plans for medical assistance enacted in connection with the statutes and provisions described in clauses (i) and (ii) above, and
(iv) all applicable provisions of all rules, regulations, manuals and orders of all Governmental Authorities promulgated pursuant to or in connection with the statutes described in clause (iii) above and all state administrative,
reimbursement and other guidelines of all Governmental Authorities having the force of law promulgated pursuant to or in connection with the statutes described in clause (iii) above, in each case as may be amended or supplemented. 

“Medicare” means the health insurance program for the aged and disabled established by Title XVIII of the Social
Security Act (42 U.S.C. § 1995 et seq.) and any statutes succeeding thereto. 

“Medicare Receivable” has the meaning set forth in Section 1 of the Security Agreement. 

“Medicare Regulations” means, collectively, all federal statutes (whether set forth in Title XVIII of the Social
Security Act or elsewhere) affecting Medicare, together with all applicable provisions of all rules, regulations, manuals and orders and administrative, reimbursement and other guidelines having the force of law of all Governmental Authorities
(including without limitation, Health and Human Services (“HHS”), Centers for Medicare and Medicaid Services, the Office of the Inspector General for HHS, or any Person succeeding to the functions of any of the foregoing)
promulgated pursuant to or in connection with any of the foregoing having the force of law, as each may be amended or supplemented. 

  
 -27- 

 “Merger Agreement” means that certain Agreement and Plan of Merger dated
as of February 7, 2011 among the Borrower, Kindred Healthcare Development, Inc. and RehabCare. 
 “Merger
Subsidiary” means Kindred Healthcare Development 2, Inc., a Delaware corporation and wholly owned Subsidiary of the Borrower. 

“Minority-Owned Affiliate” means any Person in which the Borrower or any of its Restricted Subsidiaries owns any class
of capital stock or other Equity Interests but is not otherwise a Consolidated Subsidiary of the Borrower. 

“Moody’s” means Moody’s Investors Service, Inc.  

“Mortgages” means the fee mortgages in form and substance reasonably satisfactory to the Agent, Borrower and
applicable Subsidiary Guarantor and/or in substantially similar form as previously negotiated between Agent and Borrower relating to the Owned Real Properties as the same may be amended, amended and restated or otherwise modified from time to
time. 
 “Most Recent Audited Financial Statements” means (i) at any time before the first audited
consolidated financial statements of the Borrower and its Consolidated Subsidiaries have been delivered pursuant to Section 5.01(a), the audited consolidated financial statements of the Borrower and its Consolidated Subsidiaries as of
December 31, 2010 and (ii) at any time upon or after audited consolidated financial statements of the Borrower and its Consolidated Subsidiaries have been delivered pursuant to Section 5.01(a), the most recent audited consolidated
financial statements of the Borrower and its Consolidated Subsidiaries so delivered. 
 “Most Recent Financial
Statements” means (i) at any time before the first consolidated financial statements of the Borrower and its Consolidated Subsidiaries (whether audited or unaudited) have been delivered pursuant to Section 5.01(a) or
Section 5.01(b), the consolidated financial statements of the Borrower and its Consolidated Subsidiaries as of and for the most recent Fiscal Quarter ending prior to the 45th day prior to the Closing Date and (ii) at any time upon or after
the first consolidated financial statements of the Borrower and its Consolidated Subsidiaries have been delivered pursuant to Section 5.01(a) or Section 5.01(b), the most recent consolidated financial statements of the Borrower and its
Consolidated Subsidiaries so delivered. 
 “Multiemployer Plan” means at any time an employee pension benefit
plan within the meaning of Section 4001(a)(3) of ERISA to which any member of the ERISA Group is then making or accruing an obligation to make contributions or has within the preceding five plan years made contributions, including for these
purposes any Person which ceased to be a member of the ERISA Group during such five year period. 
 “Net Cash
Proceeds” means, with respect to any issuance of Equity Interests, the gross amount of cash proceeds paid to or received by the Borrower or any of its Restricted Subsidiaries in respect of such issuance of Equity Interests (including cash
proceeds subsequently as and when received at any time in respect of such issuance from non-cash consideration initially received or otherwise), less the sum of underwriting discounts and commissions or placement fees, investment banking fees, legal
fees, consulting fees, accounting fees and other fees and expenses incurred by the Borrower or any of its Restricted Subsidiaries in connection therewith (other than those payable to the Borrower or any of its Restricted Subsidiaries or any
Affiliate of the Borrower or any of its Restricted Subsidiaries except for those payable on terms and conditions as favorable to the Borrower or the applicable Restricted Subsidiary of the Borrower as would be obtainable by it in a comparable
arm’s-length transaction with an independent, unrelated third party). 

  
 -28- 

 “Non-Recourse Debt” means Indebtedness (i) as to which neither the
Borrower nor any Restricted Subsidiary provides any Guarantee and as to which the lenders have been notified in writing (including pursuant to the instrument evidencing such Indebtedness) that they will not have any recourse to the stock or assets
of the Borrower or any Restricted Subsidiary and (ii) under which a default under any other Indebtedness of the Borrower or any Restricted Subsidiary (including, without limitation, the Obligations, the Senior Notes and the Term Loan Facility)
would, as such, not constitute a default under such Indebtedness. 
 “Note” means a Revolving Note or a
Swingline Note. 
 “Obligations” means all obligations of every nature of the Borrower or any Subsidiary
Guarantor under or in connection with the Financing Documents, the Designated Interest Rate Agreements and Designated Cash Management Obligations, including without limitation, any liability of the Borrower on any claim, whether or not the right to
payment in respect of such claim is reduced to judgment, liquidated, unliquidated, fixed or contingent, matured, disputed, undisputed, legal, equitable, secured or unsecured, and whether or not such claim is discharged, stayed or otherwise affected
by any bankruptcy, insolvency, reorganization or other similar proceeding. Without limiting the generality of the foregoing, the Obligations of the Borrower and each Subsidiary Guarantor include (a) the obligation to pay principal, interest,
charges, expenses, fees, attorneys’ fees and disbursements, indemnities and other amounts payable by the Borrower or such Subsidiary Guarantor under any Financing Document, Designated Interest Rate Agreement or in respect of Designated Cash
Management Obligations (including interest and other obligations accruing or incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding),
(b) the obligation to reimburse all amounts drawn under a Letter of Credit and (c) the obligation to reimburse any amount in respect of any of the foregoing that any Agent or any Lender, in its sole discretion, may elect to pay or advance
on behalf of the Borrower or such Subsidiary Guarantor in accordance with the terms of any Financing Document; provided, however, that the definition of “Obligations” shall exclude any Excluded
Swap Obligations. 
 “Organizational Documents” means (i) with respect to any corporation, its
certificate or articles of incorporation, by-laws and other constitutional documents, including the certificate of designation for any series of its preferred stock, (ii) with respect to any limited liability company, its articles of
organization and operating agreement, or other comparable documents however named, and (iii) with respect to any partnership, its partnership agreement. 

“Original Term Loan Facility” has the meaning set forth in the definition of “Term Loan Facility.” 

 “Other Taxes” means any and all present or future stamp or documentary Taxes or any other excise or property
Taxes, charges or similar levies arising from any payment made under any Financing Document or from the execution, delivery or enforcement of, or otherwise with respect to, any Financing Document, excluding any such Tax imposed as a result of an
assignment by a Lender (an “Assignment Tax”) if such Assignment Tax is imposed as a result of the assignor or assignee being organized or having its principal office or applicable lending office in the taxing jurisdiction, or as a
result of any other present or former connection of the assignor or assignee with the taxing jurisdiction (other than a connection arising from having executed, delivered, enforced, become a party to, performed its obligations under, received
payments under, received or perfected a security interest under, and/or engaged in any other transaction pursuant to, any Financing Documents). 

“Outside Maturing Letter of Credit” means a Letter of Credit with a stated expiration that is later than the Letter of
Credit Outside Date. 

  
 -29- 

 “Owned Real Properties” means each of the real properties identified on
Schedule 1.01F hereto and any other real property owned in fee by the Borrower or any Subsidiary Guarantor, excluding any ground leased properties for which Borrower or any Subsidiary Guarantor is a tenant, which is included in the Collateral
pursuant to Section 5.09 after the Second Amendment and Restatement Date. 
 “Participant” has the
meaning set forth in Section 10.04. 
 “PATRIOT Act” has the meaning set forth in Section 10.13. 

“PBGC” means the Pension Benefit Guaranty Corporation or any entity succeeding to any or all of its functions under
ERISA. 
 “Permitted Capital Expenditure Amount” has the meaning set forth in Section 6.02(a). 

“Permitted Delinquent Account Assignments” means assignments for collection from time to time of Accounts (other than
Eligible Accounts) in the ordinary course of business of the Borrower and its Restricted Subsidiaries and consistent with past practice. 

“Permitted Discretion” means a determination made in good faith and in the exercise of reasonable (from the
perspective of a secured asset-based lender) business judgment. 
 “Permitted Encumbrances” means, with
respect to any property owned by the Borrower or any Restricted Subsidiary:  
 (a) Liens for Taxes not yet due or
which are being contested in good faith and by appropriate proceedings if adequate reserves with respect thereto are maintained on the books of the Borrower or such Restricted Subsidiary in accordance with GAAP; 

(b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising by
operation of law in the ordinary course of business so long as (A) the underlying obligations are not overdue for a period of more than 60 days or (B) such Liens are being contested in good faith and by appropriate proceedings and adequate
reserves with respect thereto are maintained on the books of the Borrower or such Restricted Subsidiary in accordance with GAAP; 

(c) Liens arising in the ordinary course of business and consistent with past practice in connection with deposits with trade
creditors, landlords, bonding companies and other similar deposits; 
 (d) Liens arising in the ordinary course of business
in connection with the Borrower’s cash management system; provided that the aggregate principal amount of Indebtedness secured by this clause (d) shall not at any time exceed $10,000,000; 

(e) judgment liens, and Liens securing appeal bonds (or letters of credit or other similar instruments issued in support of or
in lieu of appeal bonds), so long as no Event of Default then exists under Section 8.01(j); 
 (f) other Liens or title
defects in respect of real property (including matters which an accurate survey might disclose and exceptions to title set forth in title insurance with respect to the Mortgages) which (A) do not secure Indebtedness and (B) do not
materially detract from the value of such property or materially impair the use thereof by the Borrower or such Restricted Subsidiary in the operation of its business; 

  
 -30- 

 (g) other Liens and other title defects listed on the schedule to any Additional
Encumbrance Letter; provided that such Liens and title defects are paid, discharged, removed, insured over by First American Title Insurance Company, waived or reserved against in accordance with the provisions of, and within the time periods
(if any) specified in, such Additional Encumbrance Letter; and 
 (h) other Liens or title defects in respect of real
property listed on any preliminary title report or title commitment in respect of any Owned Real Property; provided that such Liens or title defects are (A) in respect of an underlying claim that is not greater than $200,000 and
(B) insured over by First American Title Insurance Company. 
 “Permitted Intercompany Indebtedness” means
Indebtedness of the Borrower or any Restricted Subsidiary owed to the Borrower or any other Restricted Subsidiary; provided that such Indebtedness is either evidenced by a promissory note (which note shall be subordinated to the
Obligations in a manner reasonably satisfactory to the Agent) or maintained in the form of open account balances in which, in either case, the Agent has a perfected Security Interest under the Security Agreement at all times until such Security
Interest is released pursuant to Section 25 thereof. 
 “Permitted Investment” means:  

(a) Investments (x) existing on the Second Amendment and Restatement Date and set forth in Schedule 1.01G hereto and
(y) Investments made with net cash proceeds from any Asset Sale in respect of any such Investment in an amount not to exceed the book value of the sold Investment as of the Second Amendment and Restatement Date; 

(b) Temporary Cash Investments; 

(c) payroll, travel and other advances to directors, officers and employees, in each case in the ordinary course of business;

 (d) Investments received as non-cash consideration in an Asset Sale made pursuant to and in compliance with
Section 7.03(c); 
 (e) working capital loans to, and other Investments in, Minority-Owned Affiliates and any other
Investment in any Person engaged in any business related to or ancillary to the provision of healthcare services or the operation of a Healthcare Facility, so long as the aggregate amount of all Investments made after the Second Amendment and
Restatement Date pursuant to this clause (e) outstanding at any time shall not exceed the greater of (x) $250,000,000 and (y) 6.50% of Consolidated Total Assets determined as of the date of the most recent Investment in reliance on
this clause (e); 
 (f) Guarantees by the Borrower or any of the Restricted Subsidiaries of leases (other than Capitalized
Leases) or of other obligations of the Borrower and its Restricted Subsidiaries that do not constitute Indebtedness, in each case entered into in the ordinary course of business; 

(g) Investments consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the
grant of trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors and other credits to suppliers in the ordinary course of business; 

  
 -31- 

 (h) the licensing or contribution of Intellectual Property pursuant to joint
marketing arrangements with other Persons, in each case in the ordinary course of business; 
 (i) Investments in the
ordinary course of business consisting of UCC Article 3 endorsements for collection or deposit and UCC Article 4 customary trade arrangements with customers consistent with past practices; 

(j) Investments made to repurchase or retire Equity Interests of the Borrower owned by any employee stock ownership plan or key
employee stock ownership plan of the Borrower in an aggregate amount not to exceed $7,500,000 in any Fiscal Year; 
 (k)
Investments in Interest Rate Agreements permitted under Section 7.01; and 
 (l) Investments in Cornerstone of required
amounts notified to the Borrower in writing from time to time by (i) the insurance regulatory authorities in the Cayman Islands or (ii) the Internal Revenue Service pursuant to applicable treasury rules or regulations or interpretations
thereof; provided that the Borrower shall promptly upon receipt of any such notice forward a copy thereof to the Agent. 

“Permitted Liens” means Liens permitted to exist under Section 7.02. 

“Permitted Refinancing” means, with respect to any Person, any modification, refinancing, refunding, renewal or
extension of any Indebtedness of such Person; provided that (i) the principal amount (or accreted value, if applicable) thereof does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so
modified, refinanced, refunded, renewed or extended except by an amount equal to any interest capitalized in connection with, any premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such
modification, refinancing, refunding, renewal or extension and by an amount equal to any existing commitments unutilized and undrawn letters of credit thereunder or as otherwise permitted pursuant to Section 7.01, (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 longer 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 Secured Obligations, such modification, refinancing,
refunding, renewal or extension is subordinated in right of payment to the Secured 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 financial covenants and events of default of any such modified, refinanced, refunded, renewed or extended Indebtedness are not, taken as a whole, materially more restrictive to the Credit Parties than the
financial covenants and events of default of the Indebtedness being modified, refinanced, refunded, renewed or extended, (v) such modification, refinancing, refunding, renewal or extension is incurred by the Person who is the obligor on the
Indebtedness being modified, refinanced, refunded, renewed or extended and (vi) at the time thereof, no Default shall have occurred and be continuing. 

“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company,
partnership, Governmental Authority or other entity. 

  
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 “PIP Liability” means, at any time, the liability of the Borrower and its
Restricted Subsidiaries based on periodic interim payment reviews for overpayments of Medicare or Medicaid reimbursements or such other aggregate periodic interim payments received by the Borrower or its Restricted Subsidiaries that have not yet
been applied to reduce the applicable Accounts. 
 “PIP Reserve” means, without duplication for any other
reserve hereunder, a reserve which shall reduce availability under the Borrowing Base by an amount equal to the PIP Liability for the then current year, as determined by the Agent in its Permitted Discretion. 

“Plan” means at any time an employee pension benefit plan (other than a Multiemployer Plan) which is covered by Title
IV of ERISA or subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained, or contributed to, by any member of the ERISA Group for employees of any member of the ERISA Group or (ii) has at any
time within the preceding five years been maintained, or contributed to, by any Person which was at such time a member of the ERISA Group for employees of any Person which was at such time a member of the ERISA Group. 

“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. 

“Private Payor” means any Account Debtor that is a natural person. 

“Pro Forma Basis” means, with respect to the Second Amendment and Restatement Transactions or any proposed
acquisition, investment, distribution or any other action which requires compliance with any test or covenant hereunder, compliance as of the transaction date will be determined giving the following pro forma effect to the Second Amendment and
Restatement Transactions or such proposed acquisition investment, distribution or any such other action: 
 (a) pro
forma effect will be given to any Indebtedness incurred during or after the Reference Period to the extent the Indebtedness is outstanding or is to be incurred on the transaction date as if the Indebtedness had been incurred on the first day of the
Reference Period; 
 (b) pro forma calculations of interest on Indebtedness bearing a floating interest rate will be made as
if the rate in effect on the transaction date (taking into account any Interest Rate Agreement applicable to the Indebtedness if the Interest Rate Agreement has a remaining term of at least 12 months) had been the applicable rate for the entire
Reference Period; 
 (c) Consolidated Interest Expense related to any Indebtedness no longer outstanding or to be repaid or
redeemed on the transaction date, except for Consolidated Interest Expense accrued during the Reference Period under this Agreement to the extent of the Commitments in effect on the transaction date, will be excluded; and 

(d) pro forma effect will be given to 

(i) the creation, designation or redesignation of Restricted and Unrestricted Subsidiaries, and 

(ii) the acquisition or disposition of companies, divisions or lines of businesses by the Borrower and its Restricted
Subsidiaries, including any acquisition or disposition of a company, division or line of business since the beginning of the Reference Period by a Person that became a Restricted Subsidiary after the beginning of the Reference Period 

  
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 that have occurred since the beginning of the Reference Period as if such events had occurred,
and, in the case of any disposition, the proceeds thereof applied, on the first day of the Reference Period. 
 For purposes of determining
Consolidated Interest Expense, Consolidated Rental Expense, Consolidated Senior Secured Indebtedness and Consolidated Total Indebtedness, any discontinuation of discontinued operations as defined under Financial Accounting Standards Board Accounting
Standards Codification 205-20 occurring during the Reference Period shall be given effect in accordance with that standard. To the extent that pro forma effect is to be given to an acquisition or disposition of a company, division or line of
business, the pro forma calculation will be based upon the most recent four full Fiscal Quarters for which the relevant financial information is available (including cost savings to the extent such cost savings would be consistent with the
definition of “Consolidated EBITDA”). 
 “Pro Forma Financial Statements” has the meaning assigned to such
term as defined in this Agreement as in effect on the Closing Date. 
 “Property Investment Losses” means,
with respect to any Specified Property specified in clause (ii) of the definition thereof, the excess, if any, of the purchase price paid for such Specified Property over the cash and non-cash consideration received by the Borrower or any of
its Subsidiaries upon the disposition of such Specified Property; provided that, if the disposition of such Specified Property is not consummated within 24 months of the date of acquisition thereof, the excess, if any, of the
purchase price paid for such Specified Property over the fair market value thereof as of the most recently ended Fiscal Quarter, as determined by the Borrower in good faith, shall be deemed Property Investment Losses with respect to such Specified
Property. 
 “Qualification” means, with respect to any report of independent public accountants covering
financial statements, a qualification to such report (such as a “subject to” or “except for” statement therein) (i) resulting from a limitation on the scope of examination of such financial statements or the underlying data,
(ii) as to the capability of the Person whose financial statements are being examined to continue operations as a going concern or (iii) which could be eliminated by changes in financial statements or notes thereto covered by such report
(such as, by the creation of or increase in a reserve or a decrease in the carrying value of assets); provided that (x) any qualification relating to the Borrower’s ability to continue to operate as a going concern
shall be a “Qualification” and (y) none of the following shall constitute a Qualification: (a) a consistency exception relating to a change in accounting principles with which the independent public accountants for the Person
whose financial statements are being examined have concurred, (b) a qualification relating to the outcome or disposition of any threatened litigation, pending litigation being contested in good faith, pending or threatened claims or other
contingencies, the impact of which litigation, claims, contingencies or uncertainties cannot be determined with sufficient certainty to permit quantification in such financial statements or (c) a qualification in connection with a report of
such independent certified public accountants as to the Borrower’s internal controls pursuant to Section 404 of the Sarbanes-Oxley Act of 2002. 

“Qualified Equity Interests” means all Equity Interests of a Person other than Disqualified Equity Interests. 

“Qualified Transaction” means (a) any sale or other transfer of, or any release of Liens relating to, any
Accounts or any books or records relating thereto, so long as (i) the Borrower delivers to the Agent (A) at least five Business Days prior to the proposed closing date of such transaction, a draft

  
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Borrowing Base Certificate prepared on a pro forma basis after giving effect to such transaction and (B) on the closing date of such transaction, a final Borrowing Base
Certificate prepared on a pro forma basis after giving effect to such transaction and (ii) if the aggregate Credit Exposures of all Lenders exceeds the Borrowing Base in effect on the closing date of such transaction after giving effect
thereto, the Borrower prepays Loans and pays cash to the Agent as required by Section 2.10(c) or (b) any other sale or other transfer of, or any other release of Liens relating to, any Accounts or any books or records relating thereto, so
long as (i) the aggregate consideration received with respect to the transaction pursuant to which such Accounts are sold or otherwise transferred does not exceed $10,000,000 and (ii) the aggregate book value of Eligible Accounts sold or
otherwise transferred pursuant to such transaction does not exceed $1,000,000; provided that no Accounts sold or transferred pursuant to the foregoing clause (a) or (b) shall be used in any securitization, factoring or similar
financing program of the Borrower or any of its Subsidiaries. 
 “Quarterly Measurement Date” means the last day of
a Fiscal Quarter. 
 “Reference Period” has the meaning assigned thereto in the definition of “Fixed Charge
Coverage Ratio.”  
 “Register” has the meaning set forth in Section 10.04. 

“Regulation T” means Regulation T of the Board as from time to time in effect and all official rulings and
interpretations thereunder or thereof. 
 “Regulation U” means Regulation U of the Board as from time to time
in effect and all official rulings and interpretations thereunder or thereof. 
 “Regulation X” means
Regulation X of the Board as from time to time in effect and all official rulings and interpretations thereunder or thereof. 

“RehabCare” has the meaning set forth in the recitals hereto. 

“RehabCare Acquisition” has the meaning set forth in the recitals hereto. 

“Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective
directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates. 

“Release” means any release, spill, emission, discharge, deposit, disposal, leaking, pumping, pouring, dumping,
emptying, injection or leaching into the Environment, or into, from or through any building, structure or facility. 

“Required Lenders” means, at any time, Lenders having Credit Exposures and unused Commitments representing more than
50% of the sum of the total Credit Exposures and unused Commitments at such time (or, after the Commitments have terminated or expired, Lenders having Credit Exposures representing more than 50% of the total Credit Exposures at such time); in each
case, as such amounts may be modified pursuant to Section 2.21(b). 
 “Requirements of Law” means,
collectively, any and all applicable requirements of any Governmental Authority including any and all laws, judgments, orders, executive orders, decrees, ordinances, rules, regulations, statutes, case law or treaties. 

  
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 “Restricted Payment” means any dividend or other distribution (whether in
cash, securities or other property) with respect to any Equity Interests in the Borrower or any Restricted Subsidiary (except dividends payable solely in Equity Interests of the same class), or any payment (whether in cash, securities or other
property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Equity Interests in the Borrower or any Restricted Subsidiary or any option, warrant
or other right to acquire any such Equity Interests in the Borrower or any Restricted Subsidiary. 
 “Restricted
Subsidiary” means any Subsidiary of the Borrower other than an Unrestricted Subsidiary; the initial Restricted Subsidiaries as of the Second Amendment and Restatement Date are identified on Schedule 1.01B hereto. 

“Revolving Loan” means a Loan made pursuant to Section 2.03. 

“Revolving Note” means a promissory note of the Borrower payable to any Lender or its registered assigns, in
substantially the form of Exhibit H-1, evidencing the aggregate Indebtedness of the Borrower to such Lender resulting from the Revolving Loans made by such Lender. 

“S&P” means Standard & Poor’s. 

“Sale and Leaseback Transaction” means, with respect to any Person, an arrangement whereby such Person enters into a
lease of property previously transferred by such Person to the lessor. 
 “Sanctioned Country” means, at any
time, a country or territory which is the subject or target of any Sanctions that broadly prohibit dealings and transactions with that country or territory (currently, Cuba, Iran, North Korea, Sudan and Syria). 

“Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons
maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, (b) any Person located, organized or resident in a Sanctioned Country or (c) any Person controlled by any such
Person. 
 “Sanctions” means economic or financial sanctions or trade embargoes imposed, administered or
enforced from time to time by the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State. 

“SEC” means the United States Securities and Exchange Commission. 

“Second Amendment and Restatement Agreement” means that certain Second Amendment and Restatement Agreement, dated as
of April 9, 2014, among the Borrower, the other Credit Parties party thereto, the Lenders party thereto, and the Administrative Agent and the Collateral Agent. 

“Second Amendment and Restatement Date” means April 9, 2014. 

“Second Amendment and Restatement Lead Arrangers and Bookrunners” means J.P. Morgan Securities LLC, Citigroup Global
Markets Inc., Barclays Bank PLC, Morgan Stanley Senior Funding, Inc., GE Capital Markets, Inc. and Wells Fargo Capital Finance, LLC, each in its capacity as a joint lead arranger and joint bookrunner in connection with the Second Amendment and
Restatement Agreement. 
 “Second Amendment and Restatement Transactions” has the meaning assigned to such
term in the Second Amendment and Restatement Agreement. 

  
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 “Secured Obligations” has the meaning set forth in Section 1 of the
Security Agreement. 
 “Securities Exchange Act” means the Securities Exchange Act of 1934, as amended from
time to time. 
 “Security Agreement” means the Guarantee and Security Agreement among the Credit Parties and
the Agent, substantially in the form of Exhibit C hereto, as amended or supplemented from time to time. 
 “Security
Agreement Supplement” means a Security Agreement Supplement, substantially in the form of Exhibit A to the Security Agreement, whereby the Borrower or a Subsidiary Guarantor grants (or confirms its grant of) a Security Interest in
additional Collateral to the Agent and, if the grantor of such Security Interest is a Subsidiary that is not already a party to the Security Agreement, such Subsidiary becomes a party thereto. 

“Security Interests” has the meaning set forth in Section 1 of the Security Agreement. 

“Senior Notes” means $500,000,000 in aggregate principal amount of the Borrower’s 6.375% senior unsecured notes
due 2022 issued on the Second Amendment and Restatement Date and any notes issued in exchange therefor pursuant to the registration rights agreement entered into in connection therewith. 

“Senior Secured Leverage Ratio” means, with respect to any Reference Period, the ratio of (x) Consolidated Senior
Secured Indebtedness as of the last day of such Reference Period to (y) Consolidated EBITDA for such Reference Period; provided that Cornerstone shall be disregarded for purposes of determining the Senior Secured Leverage
Ratio. Such calculation shall be made on a Pro Forma Basis. 
 “Specified Joint Ventures” means the joint
ventures of RehabCare listed on Schedule 1.01J. 
 “Specified Properties” means (i) the Healthcare
Facilities and other assets listed on Schedule 1.01H and (ii) any property acquired after the Closing Date pursuant to a Ventas Property Investment or any other healthcare properties held for resale, except to the extent the aggregate amount of
Property Investment Losses incurred in respect thereof since the Closing Date exceeds $150,000,000. 
 “Statutory
Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentage (including any marginal, special,
emergency or supplemental reserves) expressed as a decimal established by the Board to which the Administrative Agent is subject with respect to the Adjusted LIBO Rate for eurocurrency funding (currently referred to as “Eurocurrency
Liabilities” in Regulation D of the Board). Such reserve percentage shall include those imposed pursuant to such Regulation D. Eurodollar Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve
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 regulation. The Statutory Reserve Rate shall be adjusted
automatically on and as of the effective date of any change in any reserve percentage. 
 “Subordinated
Indebtedness” means Indebtedness of Borrower or any Subsidiary Guarantor that is by its terms subordinated in right of payment to any of the Obligations of Borrower and such Subsidiary Guarantor; provided that no
Indebtedness shall be deemed Subordinated Indebtedness solely by virtue of the fact that such Indebtedness is secured by a Lien on any Collateral that is subordinated to the Lien on the Collateral securing the Secured Obligations if such
Indebtedness is not otherwise subordinated in right of payment to any of the Obligations. 

  
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 “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 (a) 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, or (b) that
is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. Unless otherwise specified, a “Subsidiary” means a subsidiary of the
Borrower. 
 “Subsidiary Guarantor” means each Restricted Subsidiary listed on the signature pages of the
Security Agreement under the caption “Subsidiary Guarantors” and each Subsidiary that shall, at any time after the Closing Date, become a Subsidiary Guarantor pursuant to Section 26 of the Security Agreement. 

“Subsidiary Guaranty” means a guaranty by a Subsidiary Guarantor that the Borrower will perform its Obligations under
the Financing Documents, the Designated Interest Rate Agreements and in respect of the Designated Cash Management Obligations, and Guarantee the Secured Obligations, such guaranty to be set forth in the Security Agreement. 

“Supermajority Lenders” means, at any time, Lenders having Credit Exposures and unused Commitments representing 66 2⁄3% or more of the sum of the total Credit Exposures and unused Commitments at such time (or, after the Commitments have terminated or expired, Lenders having
Credit Exposures representing 66 2⁄3% or more of the total Credit Exposures at such time); in each case, as such amounts may be modified pursuant to Section
2.21(b). 
 “Swap Obligation” means, with respect to any Subsidiary Guarantor, any obligation to pay or perform
under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 

“Swingline Exposure” means, at any time, the aggregate principal amount of all Swingline Loans outstanding at such
time. The Swingline Exposure of any Lender at any time shall be its Applicable Percentage of the total Swingline Exposure at such time. 

“Swingline Lender” means JPMorgan Chase Bank, N.A., in its capacity as lender of Swingline Loans hereunder.

 “Swingline Note” means a promissory note of the Borrower payable to the Swingline Lender or its registered
assigns, in substantially the form of Exhibit H-2, evidencing the aggregate Indebtedness of the Borrower to the Swingline Lender resulting from the Swingline Loans made by the Swingline Lender. 

“Swingline Loan” means a Loan made pursuant to Section 2.05. 

“Tax Indemnitee” has the meaning set forth in Section 2.16(c). 

“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 and penalties applicable thereto. 

  
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 “Temporary Cash Investment” means any investment in (i) securities
issued, or directly and fully guaranteed or insured, by the United States or any agency or instrumentality thereof; provided that the full faith and credit of the United States or one of its agencies is pledged in support
thereof, (ii) time deposit accounts, bankers’ acceptances, certificates of deposit and money market deposits maturing within 180 days of the date of acquisition thereof issued by any office located in the United States of a bank or trust
company which is organized or licensed under the laws of the United States or any State thereof and which bank or trust company has capital, surplus and undivided profits aggregating more than $1,000,000,000 and has outstanding debt which is rated
“P-1” (or higher) by Moody’s or “A-1” (or higher) by S&P or any money-market fund sponsored by a registered broker dealer or mutual fund distributor, (iii) repurchase obligations with a term of not more than 30 days
for underlying securities of the types described in clause (i) above entered into with an office located in the United States of a bank or trust company meeting the qualifications described in clause (ii) above, (iv) commercial paper,
maturing not more than 180 days after the date of acquisition, issued by a corporation (other than any Ventas Company, any Kindred Company or any Affiliate thereof) organized under the laws of the United States or any State thereof with a rating, at
the date of acquisition, of “P-1” (or higher) by Moody’s or “A-1” (or higher) by S&P, (v) securities with maturities of six months or less from the date of acquisition issued or fully and unconditionally guaranteed
by any State, commonwealth or territory of the United States, or by a political subdivision or taxing authority thereof, and rated at least “P-1” (or higher) by Moody’s or “A-1” (or higher) by S&P, (vi) money market
funds which invest substantially all of their assets in securities described in the preceding clauses (i) through (v), and (vii) corporate bonds issued by a corporation (other than any Ventas Company, any Kindred Company or any Affiliate
thereof) organized under the laws of the United States or any State thereof with a rating of “A2” (or higher) by Moody’s or “A” (or higher) by S&P, maturing within 60 months from the date of acquisition;
provided that the aggregate market value of investments of the type described in clauses (iv) and (vii) shall be limited at all times to no more than 40% of the aggregate market value of all Temporary Cash Investments at such
time, and the aggregate market value of such investments in any one issuer shall be limited at all times to no more than 5% of the aggregate market value of such investments at such time. 

“Term Loan Collateral Agent” has the meaning assigned to such term in the Term Loan Intercreditor Agreement.

 “Term Loan Collateral Documents” has the meaning assigned to such term in the Term Loan Intercreditor
Agreement. 
 “Term Loan Facility” means that certain Term Loan Credit Agreement dated as of the Closing Date
(the “Original Term Loan Facility”), as amended by that certain Incremental Amendment No. 1 to the Term Loan Credit Agreement dated as of October 4, 2012, as amended and restated by that certain Amendment and Restatement
Agreement dated as of May 30, 2013, as amended and restated by that certain Second Amendment and Restatement Agreement dated as of August 21, 2013, as further amended and restated by that certain Third Amendment and Restatement Agreement
dated the Second Amendment and Restatement Date among Kindred Healthcare, Inc., as borrower, JPMorgan Chase Bank, N.A, as administrative agent, the lenders party thereto and the other agents, arrangers and bookrunners identified therein, and as
amended, amended and restated, supplemented or otherwise modified from time to time, and any indentures or credit facilities or commercial paper facilities that replace, refund or refinance any part of the loans, notes, other credit facilities or
commitments thereunder. 
 “Term Loan Intercreditor Agreement” means the Intercreditor Agreement
substantially in the form of Exhibit E, as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time in accordance with the terms hereof and thereof, and, after the Closing Date, any other
intercreditor agreement among the Agent (if applicable), the Term Loan Collateral Agent and, if applicable, the agent or representative for any Indebtedness secured pursuant to Section 7.02(k) and/or 

  
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7.02(m), so long as the Liens securing such Indebtedness (i) on the ABL Priority Collateral are subordinated to the Liens securing the Secured Obligations to at least the same extent as the
Fixed Asset Obligations are subordinated to the Secured Obligations under the Term Loan Intercreditor Agreement as of the Closing Date and (ii) on the Term Priority Collateral are senior or pari passu to the Liens securing Secured Obligations
and, in the case of this clause (ii), not subordinated to any Liens other than Liens securing Fixed Asset Obligations. 

“Term Priority Collateral” has the meaning assigned to such term in the Term Loan Intercreditor Agreement. 

“Third Amendment and Restatement Agreement” means that certain Third Amendment and Restatement Agreement dated as of
October 30, 2014, among the Borrower, the Lenders party thereto and the Administrative Agent. 
 “Third Amendment
and Restatement Date” has the meaning assigned to such term in the Third Amendment and Restatement Agreement. 

“Third Party Insurance Accounts” means, collectively, any and all Accounts that are not Government Receivables.

 “Third Party Payor” shall mean any governmental entity, insurance company, health maintenance organization,
professional provider organization or similar entity that is obligated to make payments on any Account. 
 “Total
Leverage Ratio” means, with respect to any Reference Period, the ratio of (i) (x) Consolidated Total Indebtedness as of the last day of such Reference Period plus (y) Consolidated Rental Expense for such period
multiplied by 6 to (ii) Consolidated EBITDAR for such Reference Period; provided that Cornerstone shall be disregarded for purposes of determining the Total Leverage Ratio. The foregoing calculation shall be made on
a Pro Forma Basis.  
 “Transactions” means the entry into this Agreement, the borrowing of Loans, the
consummation of the RehabCare Acquisition, the buyout of minority interests of certain Subsidiaries of RehabCare, the repayment and termination of the Existing Kindred Credit Facility and Existing RehabCare Credit Facility, the issuance of the
Existing Senior Notes, the entering into of the Original Term Loan Facility and the issuance of Letters of Credit hereunder, in each case, as of the Closing Date. 

“TRICARE” means, collectively, a program of medical benefits covering former and active members of the uniformed
services and certain of their dependents, financed and administered by the United States Departments of Defense, Health and Human Services and Transportation, which program was formerly known as the Civilian Health and Medical Program of the
Uniformed Services (CHAMPUS), and all laws, rules, regulations, manuals, orders and administrative, reimbursement and other guidelines of all governmental authorities promulgated in connection with such program (whether or not having the force of
law), in each case as the same may be amended, supplemented or otherwise modified from time to time. 
 “TRICARE
Receivable” shall mean an Account payable pursuant to TRICARE. 
 “Type” refers to whether the rate
of interest on any Loan, or on any Loans comprising a Borrowing, is determined by reference to the Adjusted LIBO Rate or the Alternate Base Rate. 

“UCC” has the meaning set forth in Section 1 of the Security Agreement. 

  
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 “U.S. Lender” means any Lender that is a “United States person”
as defined in Section 7701(a)(30) of the Code. 
 “Unfunded Liabilities” means, with respect to any Plan
at any time, the amount (if any) by which (i) the value of all benefit liabilities under such Plan, determined on a plan termination basis using the assumptions prescribed by the PBGC for purposes of Section 4044 of ERISA, exceeds
(ii) the fair market value of all Plan assets allocable to such liabilities under Title I of ERISA (excluding any accrued but unpaid contributions), all determined as of the then most recent valuation date for such Plan, but only to the extent
that such excess represents a potential liability of a member of the ERISA Group to the PBGC or any other Person under Title IV of ERISA. 

“United States” means the United States of America, including the States and the District of Columbia, but excluding
its territories and possessions. 
 “Unrestricted Subsidiary” means Cornerstone, each Excluded Partnership,
each Specified Joint Venture, and each other Subsidiary of the Borrower that at the time of determination has previously been designated, and continues to be, an Unrestricted Subsidiary in accordance with Section 5.06. 

“VA Receivable” has the meaning set forth in Section 1 of the Security Agreement. 

“Ventas” means Ventas, Inc., a Delaware corporation. 

“Ventas Company” means Ventas or any Subsidiary of Ventas. 

“Ventas Property Investment” means an acquisition from a Ventas Company of any healthcare facility previously leased
by the Borrower or any of its Subsidiaries pursuant to the Master Lease Agreements, which, after such acquisition, is held for resale. 

“Weighted Average Life to Maturity” means, when applied to any Indebtedness or Disqualified Equity Interests, as the
case may be, at any date, the quotient obtained by dividing (1) the sum of the products of the number of years (calculated to the nearest one-twelfth) from the date of determination to the date of each remaining scheduled principal
payment of such Indebtedness or redemption or similar payment with respect to such Disqualified Equity Interests, including payment or redemption at final maturity, multiplied by the amount of such payment, by (2) the sum of all such
payments. 
 “Wholly Owned Subsidiary” means, with respect to a Subsidiary of a Person, a Subsidiary of such
Person all of the outstanding Equity Interests of which (other than (x) director’s qualifying shares and (y) shares issued to foreign nationals to the extent required by applicable law) are owned by such Person and/or by one or more
Wholly Owned Subsidiaries of such Person. 
 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 “Eurodollar Loan”) or by Class and Type (e.g., a “Eurodollar Revolving
Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Revolving Borrowing”) or by Type (e.g., a “Eurodollar Borrowing”) or by Class and Type (e.g., a
“Eurodollar Revolving Borrowing”). 
 Section 1.03. Terms Generally. The definitions of terms herein shall apply
equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and
“including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise

  
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(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, 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, (x) all leases of the Borrower and its Restricted Subsidiaries that are treated as operating leases for purposes of GAAP on the Closing Date shall
continue to be accounted for as operating leases for all purposes of the Agreement regardless of any change to GAAP following the Closing Date which would otherwise require such leases to be treated as Capital Leases and (y) in addition to the
foregoing clause (x),if the Borrower notifies the Agent that the Borrower requests an amendment to any provision 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 Agent notifies the Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application
thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith.
Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to any election
under Financial Accounting Standards Board Accounting Standards Codification 820 (or any other Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Borrower or any Subsidiary at
“fair value,” as defined therein. 
 Section 1.05. Escrow Notes. Notwithstanding anything to the contrary in any
Financing Document, nothing contained in any Financing Document shall restrict or prohibit (a) the formation and designation of an Escrow Subsidiary as an Unrestricted Subsidiary, (b) the holding of the Escrow Funds in any Escrow Account
and the granting or existence of any Liens on any Escrow Account, the Escrow Funds or any Escrow Notes Document or pursuant to any Escrow Account Document, in each case, in favor of the applicable Escrow Agent (or its designee), (c) any
transactions otherwise restricted by Section 7.04 by and among the Borrower or one or more Restricted Subsidiaries, on the one hand, and the Escrow Subsidiary, on the other hand, in connection with the transactions contemplated by any Escrow
Notes Documents and (d) any Investment in an Escrow Subsidiary in an aggregate amount not greater than the applicable Additional Escrow Amount (it being understood, for the avoidance of doubt, that (1) any such Investments and other
transactions shall be deemed made exclusively in reliance upon this Section 1.05 and not any other exception or basket under any other provision of any Financing Document and (2) only until such time as the applicable Escrow Funds remain
in the Escrow Account, any such Escrow Notes shall not constitute Consolidated Total Indebtedness or Consolidated Senior Secured Indebtedness and shall be disregarded when calculating Consolidated Interest Expense); provided that
(A) pending the release of the related Escrow Funds from the applicable Escrow Account, Adjusted Consolidated Net Income shall be reduced by the Additional Escrow Amount and (B) from and after the release of the related Escrow Funds from
the applicable Escrow Account, the Escrow Notes shall constitute Consolidated Total Indebtedness and Consolidated Senior Secured Indebtedness and shall be included when calculating Consolidated Interest Expense; provided further that this
Section 1.05 shall not operate to permit the Gentiva Merger to the extent it would not otherwise be permitted absent this Section 1.05. 

  
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 ARTICLE 2 

THE CREDITS  

Section 2.01. Commitments. Subject to and upon the terms and conditions set forth herein, each Lender severally agrees to make
Revolving Loans in dollars to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s Credit Exposure exceeding such Lender’s Commitment, (b) the
total Credit Exposures exceeding the total Commitments or (c) the total Credit Exposures exceeding the Borrowing Base then in effect; provided that not more than $400,000,000 of Commitments shall be available to be Borrowed as Loans on the
Closing Date. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Revolving Loans. 

Section 2.02. Loans and Borrowings. 

(a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders ratably in accordance
with their respective Commitments. 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 2.13, each
Revolving Borrowing shall be comprised entirely of ABR Loans or Eurodollar 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 Eurodollar Loan by causing any
domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. 

(c) At the commencement of each Interest Period for any Eurodollar Revolving Borrowing, such Borrowing shall be in an aggregate amount
that is an integral multiple of $1,000,000 and not less than $5,000,000. At the time that each ABR Revolving Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $1,000,000;
provided that an ABR Revolving Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by
Section 2.04(f). 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 eight Eurodollar Borrowings outstanding. 
 (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 Maturity Date. 

Section 2.03. Requests for Borrowings. To request a Revolving Borrowing, the Borrower shall notify the Agent of such request by
telephone (a) in the case of a Eurodollar Borrowing, not later than 12:00 noon, New York City time, three Business Days before the date of the proposed Borrowing or (b) in the case of an ABR Borrowing, not later than 12:00 noon, New York
City time, on the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed 

  
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promptly by hand delivery or telecopy to the Agent of a written Borrowing Request in a form approved by the Agent and signed by the Borrower. Each such telephonic and written Borrowing Request
shall specify the following information in compliance with Section 2.02: 
 (i) the aggregate amount of the requested
Borrowing; 
 (ii) the date of such Borrowing, which shall be a Business Day; 

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

(iv) in the case of a Eurodollar Borrowing, the initial Interest Period to be applicable thereto, which shall be a period
contemplated by the definition of the term “Interest Period”; and 
 (v) the location and number of the
Borrower’s account (or such other account as the Borrower may specify) to which funds are to be disbursed, which shall comply with the requirements of Section 2.06. 

If no election as to the Type of Revolving Borrowing is specified, then the requested Revolving Borrowing shall be an ABR Revolving Borrowing.
If no Interest Period is specified with respect to any requested Eurodollar 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 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. Letters of Credit. 

(a) Existing Letters of Credit. On the Closing Date, without further action by any party hereto, the Issuing Lender shall be
deemed to have granted to each Lender, and each Lender shall be deemed to have acquired from the Issuing Lender, a participation in each Existing Letter of Credit equal to such Lender’s Applicable Percentage of (i) the aggregate amount
available to be drawn thereunder and (ii) the aggregate unpaid amount of any outstanding reimbursement obligations in respect thereof. Such participations shall be on all the same terms and conditions as participations granted in Letters of
Credit under Section 2.04(e).  
 (b) Letters of Credit. Subject to the terms and conditions set forth herein
(including. without limitation, the conditions set forth in Section 4.01 and 4.02), the Borrower may request the issuance of Letters of Credit for its own account (or for the account of any Restricted Subsidiary), in a form reasonably
acceptable to the Agent and the Issuing Lender, at any time and from time to time during the Availability Period. 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, the Issuing Lender relating to any Letter of Credit, the terms and conditions of this Agreement shall control. 

(c) 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 Issuing Lender) to the Issuing Lender
and the 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 account party, 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 

  
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(d) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such
Letter of Credit, as applicable. If requested by the Issuing Lender, the Borrower also shall submit a letter of credit application on the Issuing Lender’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 $100,000,000, (ii) the total Credit Exposures shall not exceed the total Commitments and (iii) the total Credit Exposures shall not exceed the Borrowing Base then in effect. 

(d) Expiration Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date
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) unless arrangements reasonably satisfactory to the applicable Issuing
Lender have been made, the Letter of Credit Outside Date; provided that, so long as such Letter of Credit permits the applicable Issuing Lender to prevent any such renewal at least once in each twelve-month period (commencing with the date of
issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day in each such twelve-month period to be agreed upon at the time such Letter of Credit is issued, any Letter of Credit may provide for renewals
thereof for additional periods of up to one year (but which in no event shall extend beyond the date referred to in clause (ii) (without giving effect to this proviso)). 

(e) 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 Issuing Lender or the Lenders, the Issuing Lender hereby grants to each Lender, and each Lender hereby acquires from the Issuing Lender, 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, but subject to the last sentence of this Section 2.04(e), each Lender hereby
absolutely and unconditionally agrees to pay to the Agent, for the account of the Issuing Lender, such Lender’s Applicable Percentage of each LC Disbursement made by the Issuing Lender and not reimbursed by the Borrower on the date due as
provided in paragraph (f) of this Section, or of any reimbursement payment required to be refunded to the Borrower for any reason. Each 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; provided that notwithstanding the foregoing, solely with respect to any Outside Maturing Letter of
Credit that shall remain outstanding and undrawn as of the Letter of Credit Outside Date, each Lender’s participation in such Outside Maturing Letter of Credit pursuant to this paragraph (e) shall terminate immediately following the Letter
of Credit Outside Date, but that such participation shall not otherwise terminate until the L/C Exposure with respect thereto shall have been reduced to zero. 

(f) Reimbursement. If the Issuing Lender shall make any LC Disbursement in respect of a Letter of Credit, the Borrower shall
reimburse such LC Disbursement by paying to the Agent an amount equal to such LC Disbursement 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 11:00 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 3:00 p.m., New York City time, on (i) the Business Day that the
Borrower receives such notice, if such notice is received prior to 11:00 a.m., New York City time, on the day of receipt, or (ii) the Business Day immediately following the day that the Borrower receives such notice, if such notice is not
received prior to such time on the day of receipt; provided that the Borrower  

  
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may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 that such payment be financed with an ABR Revolving Borrowing 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,
the Agent shall notify each 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 Lender shall pay to
the 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 Lenders), and the Agent shall promptly pay to the Issuing Lender the amounts so received by it from the Lenders. Promptly following receipt by the Agent of any payment from the Borrower pursuant to this paragraph, the Agent shall
distribute such payment to the Issuing Lender or, to the extent that Lenders have made payments pursuant to this paragraph to reimburse the Issuing Lender, then to such Lenders and the Issuing Lender as their interests may appear. Any payment made
by a Lender pursuant to this paragraph to reimburse the Issuing Lender for any LC Disbursement (other than the funding of ABR 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. 
 (g) Obligations Absolute. The Borrower’s obligation to reimburse
LC Disbursements as provided in paragraph (f) 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 Issuing Lender 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 Agent, the Lenders nor the Issuing Lender, 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 the Issuing Lender; provided that the foregoing shall not be construed to excuse the Issuing Lender from liability to the Borrower to the extent of any direct damages (as opposed to consequential damages, claims in
respect of which are hereby waived by the Borrower to the extent permitted by Applicable Laws) suffered by the Borrower that are caused by the Issuing Lender’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 Issuing Lender (as finally determined by a court of competent
jurisdiction), the Issuing Lender 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 which
appear on their face to be in substantial compliance with the terms of a Letter of Credit, the Issuing Lender 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. 

  
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 (h) Disbursement Procedures. The Issuing Lender shall, promptly following its
receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly notify the Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and
whether the Issuing Lender 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 the Issuing Lender and the Lenders
with respect to any such LC Disbursement. 
 (i) Interim Interest. If the Issuing Lender shall make any LC
Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to
but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of
this Section, then Section 2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph
(f) of this Section to reimburse the Issuing Lender shall be for the account of such Lender to the extent of such payment. 

(j) Replacement of the Issuing Lender. The Issuing Lender may be replaced at any time by written agreement among the Borrower,
the Agent, the replaced Issuing Lender and the successor Issuing Lender. The Agent shall notify the Lenders of any such replacement of the Issuing Lender. At the time any such replacement shall become effective, the Borrower shall pay all unpaid
fees accrued for the account of the replaced Issuing Lender pursuant to Section 2.11(b). From and after the effective date of any such replacement, (i) the successor Issuing Lender shall have all the rights and obligations of the Issuing
Lender under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Lender” shall be deemed to refer to such successor or to any previous Issuing Lender, or to such
successor and all previous Issuing Lenders, as the context shall require. After the replacement of an Issuing Lender hereunder, the replaced Issuing Lender shall remain a party hereto and shall continue to have all the rights and obligations of an
Issuing Lender under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue Letters of Credit. 

(k) Cash Collateralization. If any Event of Default shall occur and be continuing, on the Business Day that the Borrower
receives notice from the Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Lenders with LC Exposure representing greater than 50% of the total LC Exposure) demanding the deposit of cash collateral pursuant to this
paragraph, the Borrower shall deposit in an account with the Agent, in the name of the Agent and for the benefit of the Lenders, an amount in cash equal to the LC Exposure as of such date plus any accrued and unpaid interest thereon; provided
that the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect
to the Borrower described in clause (m) of Article 8. Such deposit shall be held by the Agent as collateral for the payment and performance of the obligations of the Borrower under this Agreement. The 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 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 Agent to reimburse the Issuing Lender for LC Disbursements for
which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but
subject to the consent of Lenders with LC Exposure representing greater than 50% of the total LC Exposure), be applied to  

  
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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. 

Section 2.05. Swingline Loans. 

(a) Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make Swingline Loans to the Borrower from time
to time during the 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 $30,000,000, (ii) the sum of the total
Credit Exposures exceeding the total Commitments or (iii) the sum of the total Credit Exposures exceeding the Borrowing Base then in effect; provided that the Swingline Lender shall not be required to 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, or by
electronic communication, if arrangements for doing so have been approved by the Swingline Lender), not later than 2:00 p.m., New York City time, on the day of a 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. Subject to satisfaction of the conditions
with respect to such Borrowing of Swingline Loans set forth in Section 4.02, the Swingline Lender shall make each Swingline Loan available to the Borrower by means of a credit to the general deposit account of the Borrower 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 2.04(f), by remittance to the Issuing Lender) 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 10:00 a.m., New York City
time, on any Business Day require the 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 Lenders will participate.
Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each Lender, specifying in such notice such Lender’s Applicable Percentage of such Swingline Loan or Loans. Each 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 Loans. Each 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 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 Lenders), and the
Administrative Agent shall promptly pay to the Swingline Lender the amounts so received by it from the 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; any such amounts received by the 

  
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Administrative Agent shall be promptly remitted by the Administrative Agent to the 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 to the Administrative Agent, as applicable, 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. 

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 2:00 p.m., New York City time, to the account of the 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 2.05. The 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 Agent in New York City and designated by the Borrower in the applicable Borrowing Request;
provided that ABR Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f) shall be remitted by the Agent to the Issuing Lender. 

(b) Unless the Agent shall have received notice from a Lender prior to the proposed date of any Revolving Borrowing that such Lender will not
make available to the Agent such Lender’s share of such Borrowing, the Agent may assume that such Lender has made such share available on such date in accordance with paragraph (a) of this Section 2.06 and may, in reliance upon such
assumption, 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 Agent, then the applicable Lender and the Borrower severally agree to pay to
the 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 Agent, at (i) in the case of such
Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Agent in accordance with banking industry rules on interbank compensation or (ii) in the case of the Borrower, the interest rate applicable to ABR Loans. If
such Lender pays such amount to the Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing. 
 Section
2.07. Interest Elections. 
 (a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in
the case of a Eurodollar Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a
Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in this Section 2.07. 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 Agent of such election by telephone by the
time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such telephonic Interest Election
Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Agent of a written Interest Election Request in a form approved by the Agent and signed by the Borrower. 

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

(d) Promptly following receipt of an Interest Election Request, the 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 Eurodollar Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to an ABR Borrowing. Notwithstanding
any contrary provision hereof, if an Event of Default has occurred and is continuing and the Agent, at the request of the Required Lenders, so notifies the Borrower, then, so long as an Event of Default is continuing (i) no outstanding
Borrowing may be converted to or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto. 

Section 2.08. Termination and Reduction of Commitments. 

(a) Unless previously terminated, the Commitments shall terminate on the Maturity Date. 

(b) The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction
of the Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $25,000,000 and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the
Loans in accordance with Section 2.10, the total Credit Exposures would exceed (x) the total Commitments or (y) the Borrowing Base then in effect. 

(c) The Borrower shall notify the 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 notice, the 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 Commitments delivered by the Borrower may state that such notice is conditioned upon the effectiveness 

  
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of other credit facilities, in which case such notice may be revoked by the Borrower (by notice to the Agent on or prior to the specified effective date) if such condition is not satisfied. Any
termination or reduction of the Commitments shall be permanent. Each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective Commitments. 

Section 2.09. Repayment of Loans; Evidence of Indebtedness. 

(a) (i) The Borrower shall repay to the Administrative Agent for the ratable account of each Lender the then unpaid principal amount of
each Revolving Loan on the Maturity Date and (ii) to the Swingline Lender the then unpaid principal amount of each Swingline Loan on the earlier of the Maturity Date and each Friday that is a Business Day; provided that on each date that
a Revolving Borrowing is made, the Borrower shall repay all Swingline Loans then outstanding. 
 (b) Each Lender shall maintain in
accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from
time to time hereunder. 
 (c) The Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder,
the Class and Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum
received by the Agent hereunder for the account of the Lenders and each Lender’s share thereof. 
 (d) The entries made in the
accounts maintained pursuant to paragraph (b) or (c) of this Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the Agent to maintain
such accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay the Loans in accordance with the terms of this Agreement. 

(e) Any Lender may request that Loans made by it be evidenced by a Note. In such event, the Borrower shall prepare, execute and deliver to
such Lender a Note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and in a form approved by the Agent. Thereafter, the Loans evidenced by such Note and interest thereon shall at all
times (including after assignment pursuant to Section 10.04) be represented by one or more promissory notes in such form payable to the order of the payee named therein (or, if such promissory note is a registered note, to such payee and its
registered assigns). 
 Section 2.10. 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 prior notice
in accordance with paragraph (b) of this Section. 
 (b) The Borrower shall notify the Agent (and, in the case of prepayment of a
Swingline Loan, the Swingline Lender) by telephone (confirmed by telecopy) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 12:00 noon, New York City time, three Business Days before the date
of prepayment, (ii) in the case of prepayment of an ABR Borrowing, not later than 12:00 noon, New York City time, on 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. In either case, such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid; provided that, if a notice of prepayment is
given in 

  
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connection with a conditional notice of termination of the Commitments as contemplated by Section 2.08, then such notice of prepayment may be revoked if such notice of termination is revoked
in accordance with Section 2.08. Promptly following receipt of any such notice relating to a Borrowing, the 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. 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 2.12. 
 (c) If, at any time, the total Credit Exposures exceed the Borrowing Base then in
effect, the Borrower shall immediately (i) prepay Loans in an amount equal to such excess and (ii) if such excess is greater than the outstanding principal amount of the Loans at such time, the Borrower shall pay to the Agent an amount in
immediately available funds equal to the amount by which the Credit Exposures exceed the Borrowing Base after giving effect to the payment made pursuant to clause (i) above to be held for the benefit of the Lenders and the Issuing Lender in
accordance with the Collateral Documents to secure the payment of all reimbursement obligations in respect of any LC Disbursements arising from subsequent drawings under Letters of Credit issued hereunder. All or any portion of any amount paid to
the Agent pursuant to clause (ii) above will be returned to the Borrower at its request accompanied by a certificate of a Financial Officer stating that, after giving effect to such return, the Credit Exposures will not exceed the Borrowing
Base then in effect and no Default is continuing. 
 Section 2.11. Fees. 

(a) The Borrower agrees to pay to the Agent for the account of each Lender a commitment fee of 0.375% per annum on the average
daily unused amount of the Commitment (with, solely for this purpose, any Swingline Loan not being considered a usage of the Commitments) of such Lender during the period from and including the Closing Date to but excluding the date on which such
Commitment terminates; provided that, for the avoidance of doubt, in respect of periods prior to the Second Amendment and Restatement Date, the commitment fee referred to herein shall accrue at the rate previously in effect hereunder prior to
giving effect to the Second Amendment and Restatement Agreement. Accrued commitment fees shall be payable in arrears on the last day of March, June, September and December of each year and the date on which the Commitments terminate, commencing on
the first such day 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 Lender’s Commitment will be deemed to be used to the extent of its outstanding Revolving Loans and LC Exposure.  

(b) The Borrower agrees to pay (i) to the Agent for the account of each 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 Eurodollar 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 Commitment terminates and the date on which such Lender ceases to have any LC Exposure, and
(ii) to the Issuing Lender a fronting fee, which shall accrue at the rate of 0.125% 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 Commitments and the date on which there ceases to be any LC Exposure, as well as the Issuing Lender’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 

  
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occur after the Closing Date; provided that all such fees shall be payable on the date on which the Commitments terminate and any such fees accruing after the date on which the
Commitments terminate shall be payable on demand. Any other fees payable to the Issuing Lender 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 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 Agent, for its own account, fees payable in the amounts and at the times separately agreed upon between the Borrower and the Agent. 

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

Section 2.12. 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 Eurodollar Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect
for such Borrowing plus the Applicable Rate. 
 (c) Notwithstanding the foregoing, (i) any overdue principal of any Loan shall bear
interest at 2% per annum plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section 2.12 and (ii) any other overdue amount (including overdue interest) shall bear interest at 2% per
annum plus the rate applicable to ABR Loans as provided in paragraph (a) of this Section 2.12. 
 (d) Accrued interest on each
Loan shall be payable in arrears on each Interest Payment Date for such Loan and upon termination of the Commitments; provided that (i) interest accrued pursuant to paragraph (c) of this Section 2.12 shall be payable on demand,
(ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Loan prior to the end of the Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such
repayment or prepayment and (iii) in the event of any conversion of any Eurodollar Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. 

(e) All interest hereunder shall be computed on the basis of a year of 360 days, except that 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, Adjusted LIBO Rate or LIBO Rate shall be determined by the Agent, and such determination shall be conclusive absent manifest error. 

(f) For the avoidance of doubt, in respect of periods prior to the Second Amendment and Restatement Date, interest on Loans shall accrue at
the rate previously in effect hereunder prior to giving effect to the Second Amendment and Restatement Agreement. 

  
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 Section 2.13. Alternate Rate of Interest. If prior to the commencement of any Interest
Period for a Eurodollar Borrowing: 
 (a) the Agent determines (which determination shall be conclusive absent manifest
error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest Period; or 

(b) the Agent is advised by the Required Lenders that the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest
Period will not adequately and fairly reflect the cost to such Lenders of making, converting to, continuing or maintaining their Loans included in such Borrowing for such Interest Period; 

then the Agent shall give notice thereof to the Borrower and the Lenders by telephone or telecopy as promptly as practicable thereafter and, until the Agent
notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Eurodollar
Borrowing shall be ineffective and (ii) if any Borrowing Request requests a Eurodollar Borrowing, such Borrowing shall be made as an ABR Borrowing. 

Section 2.14. Increased Costs. 

(a) If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or
for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate) or the Issuing Lender; 

(ii) impose on any Lender or the Issuing Lender or the London interbank market any other condition affecting this Agreement or
Eurodollar Loans made by such Lender or any Letter of Credit or participation therein; or 
 (iii) impose any additional Tax
liability (other than in respect of any Excluded Taxes, any Taxes excluded from Other Taxes pursuant to the definition thereof, or any Indemnified Taxes or Other Taxes indemnified under Section 2.16) with respect to any Financing Document or
any of its obligations thereunder or any payments to such Lender (or its applicable lending office) of principal, interest, fees or any other amount payable thereunder; 

and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any Eurodollar Loan (or of maintaining its
obligation to make any such Loan) or to increase the cost to such Lender or the Issuing Lender of participating in, issuing or maintaining any Letter of Credit or to reduce the amount of any sum received or receivable by such Lender or the Issuing
Lender hereunder (whether of principal, interest or otherwise), then the Borrower will pay to such Lender or the Issuing Lender, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Lender, as the case
may be, for such additional costs incurred or reduction suffered; provided that such amounts under clauses (i), (ii) and (iii) above shall only be payable by the Borrower to the applicable Lender under this Section 2.14(a) so
long as the Lender imposes such charges under other syndicated credit facilities involving similarly situated borrowers that such Lender is a lender under. 

(b) If any Lender or the Issuing Lender 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 the Issuing Lender’s capital or on the capital of such Lender’s or the Issuing Lender’s holding company, if any, as a 

  
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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 the Issuing Lender, to a level below that
which such Lender or the Issuing Lender or such Lender’s or the Issuing Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or the Issuing Lender’s policies and the
policies of such Lender’s or the Issuing Lender’s holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender or the Issuing Lender, as the case may be, such additional amount or amounts
as will compensate such Lender or the Issuing Lender or such Lender’s or the Issuing Lender’s holding company for any such reduction suffered; provided that such amounts shall only be payable by the Borrower to the applicable Lender
under this Section 2.14(b) so long as the Lender imposes such charges under other syndicated credit facilities involving similarly situated borrowers that such Lender is a lender under. 

(c) A certificate of a Lender or the Issuing Lender setting forth the amount or amounts necessary to compensate such Lender or the Issuing
Lender or its holding company, as the case may be, as specified in 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 the Issuing
Lender, as the case may be, the amount shown as due on any such certificate within 30 days after receipt thereof. 
 (d) Failure or
delay on the part of any Lender or the Issuing Lender to demand compensation pursuant to this Section 2.14 shall not constitute a waiver of such Lender’s or the Issuing Lender’s right to demand such compensation; provided that
the Borrower shall not be required to compensate a Lender or the Issuing Lender pursuant to this Section 2.14 for any increased costs or reductions incurred more than 180 days prior to the date that such Lender or the Issuing Lender, 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 the Issuing Lender’s intention to claim compensation therefor; provided further that, if the Change in
Law giving rise to such increased costs or reductions is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. 

Section 2.15. Break Funding Payments. In the event of (a) the payment of any principal of any Eurodollar Loan other than on the
last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurodollar Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow,
convert, continue or prepay any Eurodollar Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked under Section 2.10(b) and is revoked in accordance therewith), or (d) the
assignment of any Eurodollar Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Borrower pursuant to Section 2.18, 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 Eurodollar 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
which would have accrued on the principal amount of such Loan had such event not occurred, at the Adjusted LIBO 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 which would accrue on such principal amount for such
period at the interest rate which such Lender would bid were it to bid, at the commencement of such period, for dollar deposits of a comparable amount and period from other banks in the Eurodollar 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 30 days after receipt thereof. 

  
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 Section 2.16. Taxes. 

(a) Any and all payments by or on account of any obligation of any Credit Party under any Financing Document shall (except as required
by applicable law) be made free and clear of and without deduction for any Taxes; provided that if any Credit Party or other applicable withholding agent shall be required to deduct any Taxes from such payments, then (i) if such Tax is
an Indemnified Tax or Other Tax, the sum payable by the applicable Credit Party shall be increased as necessary so that after all required deductions have been made (including deductions applicable to additional sums payable under this
Section 2.16) the Agent or Lender, as applicable, 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 amount deducted to the relevant Governmental Authority in accordance with applicable law. 
 (b)
The Borrower shall 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 the Issuing Lender (each, a “Tax Indemnitee”), within 10 days after written demand therefor, for any Indemnified Taxes imposed on or with respect to any payment by or on
account of any obligation of any Credit Party under any Financing Document, and for any Other Taxes, payable by such Administrative Agent, Lender or Issuing Lender, as applicable (including any Indemnified Taxes or Other Taxes imposed on or with
respect to any amounts payable under this Section 2.16) and, in each case, any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes or were correctly or legally imposed or asserted
by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender or an Issuing Lender, or by the Administrative Agent on its own behalf or on behalf of a Lender or an Issuing
Lender, shall be conclusive absent manifest error. In the event that a Credit Party pays additional amounts under Section 2.16(a) or makes an indemnification payment pursuant to this Section 2.16(c) to a Tax Indemnitee with respect to
Indemnified Taxes or Other Taxes, such Tax Indemnitee shall reasonably cooperate with all reasonable requests of such Credit Party to pursue a refund of the Indemnified Tax or Other Tax at issue, at the sole expense of such Credit Party, if
(i) in the reasonable judgment of the Tax Indemnitee such cooperation shall not subject such Tax Indemnitee to any unreimbursed third party cost or expense or otherwise be materially disadvantageous to such Tax Indemnitee and (ii) based on
advice of such Credit Party’s independent accountants or external legal counsel, there is a reasonable basis for such Credit Party to contest with the applicable Governmental Authority the imposition of such Indemnified Taxes or Other Taxes.
Any resulting refund shall be governed by Section 2.16(f). This Section 2.16(c) shall not be construed to require a Tax Indemnitee to make available its Tax returns (or any other information relating to its Taxes that it deems
confidential) to any Credit Party or any other Person. 
 (d) As soon as practicable after any payment of Indemnified Taxes by any
Credit Party to a Governmental Authority, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment
or other evidence of such payment reasonably satisfactory to the Administrative Agent. 
 (e) Each Lender shall, at such times as are
reasonably requested by the Borrower or the Administrative Agent, provide the Borrower and the Administrative Agent with any documentation prescribed by laws or reasonably requested by the Borrower or the Administrative Agent certifying as to any
entitlement of such Lender to an exemption from, or reduction in, any withholding Tax with respect to any payments to be made to such Lender under any Financing Document. Each such Lender shall, whenever a lapse in time or change in circumstances
(including, where applicable, by reason of a participation 

  
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as described in Section 10.04(c)) renders such documentation (including any specific documentation required below in this Section 2.16(c)) obsolete, expired or inaccurate in any
material respect, deliver promptly to the Borrower and the Administrative Agent updated or other appropriate documentation (including any new documentation reasonably requested by the Borrower or the Administrative Agent) or promptly notify the
Borrower and the Administrative Agent of its inability to do so. 
 Without limiting the foregoing: 

(A) Each U.S. Lender shall deliver to the Borrower and the Administrative Agent on or before the date on which it becomes a
party to this Agreement two properly completed and duly signed original copies of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding. 

(B) Each Foreign Lender shall deliver to the Borrower and the Administrative Agent on or before the date on which it becomes a
party to this Agreement (and from time to time thereafter upon the request of the Borrower or the Administrative Agent) whichever of the following is applicable: 

(1) two properly completed and duly signed original copies of the applicable IRS Form W-8BEN (or any successor forms) claiming
eligibility for the benefits of an income tax treaty to which the United States is a party, and such other documentation as required under the Code, 

(2) two properly completed and duly signed original copies of IRS Form W-8ECI (or any successor forms), 

(3) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 871(h) or
Section 881(c) of the Code, (A) two properly completed and duly signed certificates substantially in the form of Exhibit J (any such certificate, a “United States Tax Compliance Certificate”) and (B) two properly
completed and duly signed original copies of the applicable IRS Form W-8BEN (or any successor forms), 
 (4) to the extent a
Foreign Lender is not the beneficial owner (for example, where the Foreign Lender is a partnership or a participating Lender), IRS Form W-8IMY (or any successor forms) of the Foreign Lender, accompanied by a Form W-8ECI, the applicable IRS Form
W-8BEN (or any successor form), United States Tax Compliance Certificate, Form W-9, Form W-8IMY or any other required information (or any successor forms) from each beneficial owner that would be required under this Section 2.16(e) if such
beneficial owner were a Lender, as applicable (provided that, if such Foreign Lender is a partnership (and is not a participating Lender) and if one or more direct or indirect partners are claiming the portfolio interest exemption, the United
States Tax Compliance Certificate may be provided by such Foreign Lender on behalf of such beneficial or indirect owners), or 

(5) two properly completed and duly signed original copies of any other form prescribed by applicable U.S. federal income tax
laws (including the Treasury Regulations) as a basis for claiming a complete exemption from, or a reduction in, any United States federal withholding tax on any payments to such Lender under any Financing Document. 

  
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 (C) If a payment made to a Lender under any Financing 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 Sections 1471(b) or 1472(b) of the Code, as applicable), such Lender shall
deliver to Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by 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, to determine whether such Lender has or has not complied with such Lender’s obligations under such Sections and, if necessary, to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (C),
“FATCA” shall include any amendments made to FATCA after the date of this Agreement. 
 Notwithstanding any other provision of
this clause (e), a Lender shall not be required to deliver any form that such Lender is not legally eligible to deliver. 
 (f) If
the Administrative Agent or a Lender has received a refund of any Indemnified Taxes as to which it has been indemnified by any Credit Party or with respect to which any Credit Party has paid additional amounts pursuant to this Section 2.16, it
shall pay over such refund to the Borrower (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section 2.16 with respect to the Indemnified Taxes giving rise to such refund), net of all
out-of-pocket expenses of the Administrative Agent or such Lender (including any Taxes) and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided, that the Borrower, upon
the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in
the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. This Section shall not be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other
information relating to its Taxes which it deems confidential) to the Borrower or any other Person. 
 Section 2.17. Payments
Generally; Pro Rata Treatment; Sharing of Set-offs. 
 (a) The Borrower shall make each payment required to be made by it hereunder
(whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Sections 2.14, 2.15 or 2.16, or otherwise) prior to 1:00 p.m., New York City time, on the date when due, in immediately available funds,
without set off or counterclaim. Any amounts received after such time on any date may, in the discretion of the 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 Agent at its offices at 383 Madison Avenue, New York, New York 10179, except payments to be made directly to the Issuing Lender or Swingline Lender as expressly provided herein and except that payments pursuant to
Sections 2.14, 2.15, 2.16 and 10.03 shall be made directly to the Persons entitled thereto. The 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 hereunder 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 hereunder shall be made in dollars. 
 (b) If at any time insufficient funds are received by and
available to the Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (subject, in the event that an Enforcement Notice is in effect, to the provisions of the

  
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Security Agreement) (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 set off or counterclaim or otherwise, obtain payment
in respect of any principal of or interest on any of its Loans or participations in LC Disbursements resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Revolving Loans or Swingline 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
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 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, other than to the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply). The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable
law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of set-off 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 Agent shall have received notice from the Borrower prior to the date
on which any payment is due to the Agent for the account of the Lenders or the Issuing Lender hereunder that the Borrower will not make such payment, the Agent may assume that the Borrower has made such payment on such date in accordance herewith
and may, in reliance upon such assumption, distribute to the Lenders or the Issuing Lender, 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 Issuing Lender, as the
case may be, severally agrees to repay to the Agent forthwith on demand the amount so distributed to such Lender or Issuing Lender with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the
date of payment to the Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the 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 Sections 2.04(e) or (f), 2.05(c), 2.06(b), 2.17(d), or
10.03 then the Agent may, in its discretion (notwithstanding any contrary provision hereof), (i) apply any amounts thereafter received by the Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections
until all such unsatisfied obligations are fully paid, and/or (ii) hold such amounts in a segregated account over which the Administrative Agent shall have exclusive control as cash collateral for, and application to, any future funding
obligations of such Lender under any such Section, in the case of each of clause (i) and (ii) above, in any order as determined by the Administrative Agent in its discretion 

  
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 Section 2.18. Mitigation Obligations; Replacement of Lenders. 

(a) If any Lender requests compensation under Section 2.14, 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 2.16, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and
obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.14 or 2.16, as the case may be,
in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in
connection with any such designation or assignment. 
 (b) If any Lender requests compensation under Section 2.14, 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 2.16, 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 Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 10.04), 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 Agent, which
consent shall not unreasonably be withheld or delayed, (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) and (iii) in the case of any
such assignment resulting from a claim for compensation under Section 2.14 or payments required to be made pursuant to Section 2.16, such assignment will result in a 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, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 

Section 2.19. Release of Security Interest in Assets Being Sold. If no Default shall have occurred and be continuing and no Enforcement
Notice is in effect, upon any sale or other disposition of Collateral that does not violate Section 7.03(c) hereof, the Security Interests in such Collateral shall automatically be released and at the request of the relevant Grantor, the Agent
shall execute and deliver a release of such specific assets pursuant to Section 25(f) of the Security Agreement. 
 Section 2.20.
Increase In Commitments. 
 (a) The Borrower may, by written notice to the Agent, request to effect one or more increases in
the aggregate amount of the Commitments (the “Incremental Commitments”) in an aggregate principal amount not to exceed (i) an amount such that the Senior Secured Leverage Ratio, as of the date of the effectiveness of any such
Incremental Commitments, would be equal to or less than 3.50:1.00, calculated on a Pro Forma Basis (treating any such proposed Incremental Commitments as fully drawn and the Loans thereunder outstanding) (provided that any
proceeds of such Incremental Commitments and any proceeds of any substantially simultaneous incurrence of Indebtedness shall not be netted from Consolidated Senior Secured Indebtedness for purposes of calculating the Senior Secured Leverage Ratio)
plus (ii) $100,000,000 (less the aggregate principal amount of all loans incurred after the Second Amendment and Restatement Date pursuant to Section 2.18 of the Term Loan Facility (or other “incremental” provisions of the Term
Loan Facility). For the avoidance of doubt, the Borrower may establish Incremental Commitments under this Section 2.20 in reliance on Section 2.20(a)(i) to the extent permitted prior to using Section 2.20(a)(ii). Notwithstanding the
foregoing, if the Borrower has not included in  

  
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such notice to the Administrative Agent for any Incremental Commitments an explicit election to establish such Incremental Commitments pursuant to Section 2.20(a)(i) or
Section 2.20(a)(ii), then the Borrower shall be deemed to have elected to establish such Incremental Commitments under Section 2.20(a)(i) to the extent such Incremental Commitments are permitted to be incurred under such clause. Upon the
receipt of such request by the Agent, the Agent shall deliver a copy thereof to each Lender. Such notice shall set forth the amount of the requested Incremental Commitments (which shall be (i) in minimum increments of $1,000,000 and a minimum
amount of $25,000,000 or (ii) equal to the remaining amount available for Incremental Commitments) and the date on which such increase is requested to become effective. The Incremental Commitments may be made by any existing Lender (provided
that no existing Lender shall have any obligation to provide any Incremental Commitment and none of the Borrower or its Affiliates has any obligation to offer any existing Lender the right to provide any Incremental Commitment) or by any other bank
or other financial institution that is willing to provide Incremental Commitments (any such other bank or other financial institution, an “Additional Lender”); provided that each Additional Lender, if not
already a Lender hereunder, shall be subject to the approval of the Agent, the Swingline Lender and the Issuing Lender (which approvals shall not be unreasonably withheld) and the Borrower and each Additional Lender shall execute all such
documentation as the Agent shall reasonably specify to evidence its Commitment and/or its status as a Lender hereunder.  
 (b) Each
of the parties hereto hereby agrees that the Agent may take any and all actions as may be reasonably necessary to ensure that, after giving effect to any Incremental Commitments, the outstanding Revolving Loans (if any) are held by the Lenders in
accordance with their new Applicable Percentages. This may be accomplished at the discretion of the Agent, following consultation with the Borrower, (i) by requiring the outstanding Revolving Loans to be prepaid with the proceeds of a new
Borrowing, (ii) by causing existing Lenders to assign portions of their outstanding Revolving Loans to Lenders providing the Incremental Commitments and the Additional Lenders, or (iii) by any combination of the foregoing. Any prepayment
or assignment described in this paragraph (b) shall be subject to Section 2.15, but otherwise without premium or penalty. 
 (c)
Notwithstanding the foregoing, no Incremental Commitments or addition of a new Lender shall become effective under this Section 2.20 unless, (i) no Default shall have occurred or be continuing or would exist after giving effect to such
increase, (ii) on the date of such increase, the conditions set forth in paragraphs (a) and (b) of Section 4.02 shall be satisfied and the Administrative Agent shall have received a certificate to that effect dated such date and
executed by a Financial Officer of the Borrower, (iii) upon reasonable request by the Agent, the Agent shall have received legal opinions and board resolutions consistent with those delivered on the Closing Date under Sections 4.01(g) and
4.01(k)(i) and (iv) on a Pro Forma Basis, after giving effect to such Incremental Commitments and any Acquisition to be consummated simultaneously with such increase, the Borrower shall be in compliance with Section 6.01 (it being
understood that for purposes of determining compliance with this clause (iv), the Commitments shall be deemed to be fully drawn). 

(d) Any Incremental Commitments established hereunder shall have terms identical to the Commitments existing immediately prior to the
establishment of such Incremental Commitments; provided that any commitment, arrangement, upfront or similar fees may be agreed among the Borrower, the Lenders and the Additional Lenders providing such Incremental Commitments. 

(e) Incremental Commitments shall become Commitments under this Agreement pursuant to an amendment (an “Incremental
Amendment”) to this Agreement and, as appropriate, the other Facility Documents, executed by the Borrower, each Lender agreeing to provide such Incremental Commitment, each Additional Lender and the Agent. The Incremental Amendment may,
without the consent of any other Agents or Lenders, effect such amendments to this Agreement and the other Facility Documents as may be necessary or appropriate in the reasonable opinion of the Administrative Agent and the Borrower to effect the
provisions of this Section 2.20.  

  
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 (f) This Section 2.20 shall supersede any provisions in Section 2.17 or 10.02 to the
contrary. 
 Section 2.21. Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if any 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 Commitment of such Defaulting Lender pursuant to Section 2.11(a); 

(b) the Commitment and Credit Exposure of such Defaulting Lender shall not be included in determining whether the Required
Lenders or the Supermajority Lenders have taken or may take any action hereunder (including any consent to any amendment, waiver or other modification pursuant to Section 10.02); provided, that notwithstanding the foregoing, (i) such
Defaulting Lender’s Commitment may not be increased or extended without its consent and (ii) the principal amount of, or interest or fees payable on, Loans or LC Disbursements actually funded by such Defaulting Lender may not be reduced or
excused or the scheduled date of payment may not be postponed as to such Defaulting Lender without such Defaulting Lender’s consent. 

(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 that (x) the sum of all non-Defaulting Lenders’ Credit Exposures plus such Defaulting Lender’s Swingline Exposure and LC
Exposure does not exceed the total of all non-Defaulting Lenders’ Commitments and (y) no Default or Event of Default exists and is continuing at such time; 

(ii) if the reallocation described in clause (i) above cannot, or can only partially, be effected, the Borrower shall
within three (3) 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 Lender 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) pursuant to such arrangements as the Issuing Lender may reasonably require, for so long as such LC
Exposure is outstanding; 
 (iii) to the extent 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 pursuant to Section 2.11(b) with respect to such portion of 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 2.11(a) and (b) shall be adjusted in accordance with such non-Defaulting Lenders’ Applicable Percentages; and 

  
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 (v) if all or any portion of such Defaulting Lender’s LC Exposure is neither
re-allocated nor cash collateralized pursuant to clause (i) or (ii) above, then, without prejudice to any rights or remedies of the Issuing Lender or any other Lender hereunder, all Letter of Credit fees payable under Section 2.11(b)
with respect to such Defaulting Lender’s LC Exposure shall be payable to the Issuing Lender until and to the extent that such LC Exposure is reallocated and/or cash collateralized; 

(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 Lender shall not be required to issue, amend or increase any Letter of Credit, unless it is satisfied that the related exposure and the Defaulting Lender’s then outstanding LC Exposure will be 100% covered by the Commitments of the
non-Defaulting Lenders 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, amended 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); and 

(e) except as expressly provided otherwise in this Section 2.21, any payment of principal, interest, fees or other amounts
received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article 8 or otherwise) or received by the Administrative Agent from such Defaulting Lender pursuant to
Section 10.08 shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second,
to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to any Issuing Lender or the Swingline Lender hereunder; third, to cash collateralize the Issuing Lenders’ LC Exposure with respect to such Defaulting
Lender in accordance with Section 2.21(c)(ii); fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion
thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a non-interest bearing deposit account and released pro rata in order to
(x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) cash collateralize the Issuing Lenders’ future LC Exposure with respect to such Defaulting Lender with
respect to future Letters of Credit issued under this Agreement, in accordance with Section 2.21(c)(ii); sixth, to the payment of any amounts owing to the Lenders, the Issuing Lenders or Swingline Lender as a result of any judgment of a
court of competent jurisdiction obtained by any Lender, the Issuing Lenders or the Swingline Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long
as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting
Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that, in the case of this clause eighth, if (x) such
payment is a payment of the principal amount of any Loans or LC Disbursements in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a
time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and LC Disbursements owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to the
payment of any Loans of, or LC Disbursements owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in Letters of Credit and Swingline Loans are held by the Lenders pro rata in accordance with the
Commitments without giving effect to Section 2.21(c)(i). 

  
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Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant to this
Section 2.21(e) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

In the event that the Administrative Agent, the Borrower, the Swingline Lender and the Issuing Lender each agrees that a Defaulting
Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then such Lender shall not longer be a Defaulting Lender hereunder, and the Swingline Exposure and LC Exposure of the Lenders shall be readjusted to
reflect the inclusion of such Lender’s Commitment and on such date such Lender shall purchase at par such of the Loans of the other Lenders (other than Swingline Loans) as the Administrative Agent shall determine may be necessary in order for
such Lender to hold such Loans in accordance with its Applicable Percentage; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while such Lender was a
Defaulting Lender and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Non-Defaulting Lender will constitute a waiver or release of any claim
of any party hereunder arising from such Lender having been a Defaulting Lender. 
 ARTICLE 3 

REPRESENTATIONS AND WARRANTIES 

The Borrower represents and warrants to the Lenders that: 

Section 3.01. Corporate Existence and Power. The Borrower and each Subsidiary Guarantor (a) is a corporation, limited liability
company or partnership duly incorporated or organized and validly existing under the laws of its jurisdiction of incorporation or organization, (b) is in good standing under the laws of its jurisdiction of incorporation or organization and
(c) has all corporate or other powers and all material Governmental Approvals (including without limitation those required by Medicaid Regulations and Medicare Regulations) required to carry on its business as now conducted and as proposed to
be conducted, except for such Governmental Approvals the failure of which to have, in the aggregate, could not be reasonably expected to have a Material Adverse Effect. The Borrower and each Subsidiary Guarantor is in compliance with its
Organizational Documents. 
 Section 3.02. Corporate and Governmental Authorization; No Contravention. The execution and delivery by
the Borrower and each Subsidiary Guarantor of the Financing Documents to which it is a party, its performance of its obligations thereunder and, with respect to the Borrower, its Borrowings hereunder, are within its corporate or other powers, have
been duly authorized by all necessary corporate or other action, require no action by or in respect of, or filing with, any governmental body, agency or official (other than filings necessary to perfect the Liens created by the Collateral Documents)
and do not contravene, or constitute a default under, any Applicable Laws or any provision of its Organizational Documents, or of any agreement or other instrument binding upon it or result in or require the imposition of any Lien (other than the
Liens created by the Collateral Documents) on any of its assets. 
 Section 3.03. Binding Effect. This Agreement constitutes a valid
and binding agreement of the Borrower, and the other Financing Documents, when executed and delivered as contemplated by this Agreement, will constitute valid and binding obligations of each Credit Party that is a party thereto, in each case
enforceable in accordance with its terms, except as limited by general principles of equity and by bankruptcy, insolvency, fraudulent conveyance or other similar laws affecting creditors’ rights generally. 

  
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 Section 3.04. Security Interests. Subject to Section 6(b) of the Second Amendment and
Restatement Agreement, as of the Third Amendment and Restatement Date, the Collateral Documents create valid Security Interests in the Collateral to the extent set forth therein. Subject to Section 6(b) of the Second Amendment and Restatement
Agreement, at all times after the Third Amendment and Restatement Date, the Collateral Documents will create valid and, (i) when financing statements and Mortgages are filed in the offices specified in the Perfection Certificate (as defined in
the Security Agreement) or, in the case of Mortgages, in the applicable offices, and delivered pursuant to the Security Agreement or (ii) upon the taking of possession or control by the Collateral Agent of the Collateral with respect to which a
security interest may be perfected only by possession or control under the UCC (which possession or control shall be given to the Collateral Agent to the extent possession or control by the Collateral Agent is required by the Collateral Documents
and this Agreement), perfected Security Interests under the law in which the real property encumbered by a Mortgage that constitutes a Collateral Document is located and with respect to all other Collateral under the law of the State of New York in
the Collateral from time to time covered or purportedly covered thereby to the extent that a security interest in such Collateral may be perfected by filing (in the case of subclause (i)), control or possession (in the case of subclause (ii)) under
the UCC. Subject to the Term Loan Intercreditor Agreement, such Security Interests will be prior to all other Liens (except Permitted Liens) on such Collateral until the applicable Security Interest is released without recourse or warranty pursuant
to Section 25 of the Security Agreement. 
 Section 3.05. Financial Information. 

(a) The consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of December 31, 2013 and the related consolidated
statements of operations, cash flows and shareholders’ equity for the Fiscal Year then ended, reported on by PricewaterhouseCoopers LLP, fairly present in all material respects, in conformity with GAAP, the consolidated financial position of
the Borrower and its Consolidated Subsidiaries as of such date and their consolidated results of operations and cash flows for such Fiscal Year. 

(b) [Reserved]. 
 (c)
[Reserved]. 
 (d) [Reserved]. 

(e) [Reserved]. 
 (f)
Since December 31, 2013, no event has occurred and no condition has come into existence which (i) has had a Material Adverse Effect (other than any such event or condition the Material Adverse Effect of which has ceased) or (ii) is
reasonably likely to have a Material Adverse Effect. 
 Section 3.06. Litigation. There is no action, suit or proceeding pending
against, or to the knowledge of the Borrower threatened against or affecting, the Borrower or any Subsidiary Guarantor before any court or arbitrator or any governmental body, agency or official (i) in which there is a reasonable possibility of
an adverse decision that would reasonably be expected to have a Material Adverse Effect or (ii) which in any manner questions the validity of any Financing Document. 

Section 3.07. Compliance with ERISA. Each member of the ERISA Group has fulfilled its obligations under the minimum funding standards
of ERISA and the Code with respect to each Plan and is in compliance in all material respects with the presently applicable provisions of ERISA and the Code with respect to each Plan. No member of the ERISA Group has (i) sought a waiver of the
minimum funding standard under Section 412 of the Code in respect of any Plan, (ii) failed to make any contribution or 

  
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payment to any Plan or Multiemployer Plan or made any amendment to any Plan, which has resulted or could result in the imposition of a Lien or the posting of a bond or other security under ERISA
or the Code or (iii) incurred any liability under Title IV of ERISA other than a liability to the PBGC for premiums under Section 4007 of ERISA. 

Section 3.08. Taxes. Each Credit Party has filed all material Tax returns that are required to be filed by it (taking into account
valid extensions) and has paid prior to delinquency all material Taxes due and payable by it (including in its capacity as withholding agent), except such Taxes, if any, as are being contested in good faith (if adequate reserves for such Taxes have
been provided in accordance with GAAP). The charges, accruals and reserves on the books of the Borrower and the Subsidiary Guarantors in respect of Taxes are, in the aggregate, adequate in all material respects. 

Section 3.09. Compliance with Laws. The Borrower and the Subsidiary Guarantors are in compliance in all material respects with all
Applicable Laws (including without limitation Medicaid Regulations and Medicare Regulations), other than such laws, rules or regulations (i) the validity or applicability of which the Borrower or the relevant Subsidiary Guarantor is contesting
in good faith or (ii) the failure to comply with which could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. 

Section 3.10. No Regulatory Restrictions on Borrowing. Neither the Borrower nor any Subsidiary Guarantor is (i) an
“investment company” within the meaning of the Investment Company Act of 1940, as amended, or (ii) otherwise subject to any regulatory scheme which restricts its ability to incur Indebtedness hereunder. 

Section 3.11. Environmental Matters. 

(a) From time to time, the Borrower reviews the effect of Environmental Laws on the business, operations and properties of the Borrower and
the Subsidiary Guarantors, in the course of which reviews it identifies and evaluates associated liabilities and costs, including Environmental Liabilities. On the basis of such reviews, the Borrower has reasonably concluded that the foregoing
associated liabilities and costs are unlikely to have a Material Adverse Effect. 
 (b) Except to the extent that the Environmental
Liabilities of the Borrower and the Subsidiary Guarantors that relate to or could result from the matters referred to in this Section 3.11(b) would not exceed $2,000,000 for any one occurrence, or $10,000,000 for any occurrences in the
aggregate, the Borrower and the Subsidiary Guarantors and their respective operations and properties are in compliance with applicable Environmental Laws, and no notice, notification, demand, request for information, citation, summons, complaint or
order with respect to Hazardous Materials or any violation of or liability under Environmental Laws is in existence or, to the knowledge of the Borrower and the Subsidiary Guarantors, proposed, threatened or anticipated with respect to or in
connection with the business or operations now or formerly conducted or to be conducted by, or in connection with any properties now or to the knowledge of the Borrower and the Subsidiary Guarantors, formerly owned, leased or operated by, the
Borrower or any Subsidiary Guarantor, and there are no facts, circumstances or events which could reasonably be expected to result in any such notice, notification, demand, request for information, citation, summons, complaint or order. 

Section 3.12. Full Disclosure. The information (other than projections) heretofore furnished in writing by the Borrower or any
Subsidiary Guarantor to the Agent or any Lender, taken as a whole, for purposes of or in connection with this Agreement or any transaction contemplated hereby did not at the time furnished, and all such information hereafter furnished in writing by
the Borrower or any Subsidiary Guarantor to the Agent or Lender, taken as a whole, will not at the time furnished, contain any untrue 

  
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statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in light of the circumstances under which they were or will be made, not
misleading. Although any projections (and the underlying assumptions) by necessity involve uncertainties and approximations, the Borrower believes as of the Closing Date that the projections set forth in the Information Memorandum are reasonable
(and the significant assumptions upon which they are based are stated in summary form therein), and such projections provide reasonable estimations of the future performance of the Borrower and its Restricted Subsidiaries, subject, as stated above,
to the uncertainties and approximations inherent in any projections. The Borrower has disclosed to the Lenders in writing (including by way of reports filed in accordance with Section 12 of the Securities Exchange Act) any and all facts which
are known to it and which have had or could reasonably be expected to have a Material Adverse Effect. 
 Section 3.13. Information as to
Equity Interest and Instruments. Schedule 1.01B hereto sets forth a correct and complete list, as of the close of business on the Second Amendment and Restatement Date, of each Subsidiary of the Borrower, its outstanding Equity Interests, each
owner thereof and the percentage thereof owned by such owner. As of the close of business on the Second Amendment and Restatement Date, neither the Borrower nor any of its Subsidiaries owns any interest in any Subsidiary which is not a Restricted
Subsidiary (except as set forth in Schedule 1.01B). Except as set forth on Schedule 3.13 hereto, no Indebtedness in an amount exceeding $5,000,000 owed to the Borrower or any Restricted Subsidiary is evidenced by any instrument (as such term is
defined in the UCC) that is not held in a Collateral Account or pledged to the Agent as part of the Collateral. 
 Section 3.14.
Representations in Other Financing Documents. The representations of each Lien Grantor in the Security Agreement and in each Security Agreement Supplement (if any) signed by it are true. 

Section 3.15. Margin Stock. 

(a) Margin Stock will not at any time represent more than 25% of the value (as determined by any reasonable method) of the assets subject to
any provision of the Financing Documents that restricts the right or ability of the Borrower or any Subsidiary Guarantor to sell, pledge or otherwise dispose of Margin Stock owned by them or requires a prepayment of Loans upon the exercise of any
such right. 
 (b) No part of the proceeds of any Loan or Letter of Credit will be used for any purpose that entails a violation of the
provisions Regulation U, Regulation X or, assuming that no broker-dealer or other “creditor” (as defined in Regulation T) extends or maintains credit under this Agreement, Regulation T. 

Section 3.16. Properties. 

(a) The Borrower and each Subsidiary Guarantor has good title to, or valid leasehold interests in, all real and personal property material to
its business (including all its property subject to the Mortgages), except for Permitted Liens and defects that in the aggregate could not reasonably be expected to have a Material Adverse Effect. 

(b) The Borrower and each Subsidiary Guarantor owns, or is licensed to use, all trademarks, tradenames, copyrights, patents and other
intellectual property material to its business, and the use thereof by the Borrower and the Subsidiary Guarantors does not infringe upon the rights of any other Person, except for infringements that, in the aggregate, could not reasonably be
expected to have a Material Adverse Effect. 

  
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 (c) Schedule 3.16 sets forth a brief description of each Owned Real Property that is owned by the
Borrower or any Subsidiary Guarantor as of the Second Amendment and Restatement Date. 
 (d) As of the Second Amendment and Restatement
Date, neither the Borrower nor any Subsidiary Guarantor has received notice of, or has knowledge of, any pending or contemplated condemnation proceeding or Casualty Event affecting any property subject to a Mortgage or any sale or disposition
thereof in lieu of condemnation. No property subject to a Mortgage nor any interest therein is subject to any right of first refusal, option or other contractual right to purchase such property or interest therein, other than Permitted Liens. 

(e) No Mortgage encumbers improved Owned 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 within the meaning of the National Flood Insurance Act of 1968 unless flood insurance available under such Act has been obtained in accordance with Section 5.03(b). 

Section 3.17. Existing Indebtedness. As of the Second Amendment and Restatement Date, the Borrower and the Subsidiary Guarantors will
have no funded Indebtedness outstanding other than (i) Indebtedness evidenced by this Agreement, (ii) Indebtedness under the Senior Notes in an aggregate principal amount not to exceed $500,000,000, (iii) Indebtedness under the Term
Loan Facility in an aggregate principal amount not to exceed $1,000,000,000, (iv) intercompany Indebtedness otherwise permitted under this Agreement, (v) Indebtedness in respect of Capital Lease Obligations set forth on Schedule 7.01
hereto and not in excess of $100,000,000 in the aggregate and (vi) other Indebtedness set forth on Schedule 7.01 hereto in an aggregate principal amount not exceeding $10,000,000. 

Section 3.18. Solvency. Immediately after the Third Amendment and Restatement Date, (a) the fair value of the assets of the
Borrower, and the fair value of the assets of the Consolidated Subsidiaries on a consolidated basis, at a fair valuation, will exceed the debts and liabilities, subordinated, contingent or otherwise of the Borrower, and of the Consolidated
Subsidiaries on a consolidated basis, respectively; (b) the present fair saleable value of the property of the Borrower, and the present fair saleable value of the property of the Consolidated Subsidiaries on a consolidated basis, will exceed
the amount that will be required to pay the probable liability of the debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured, of the Borrower, and of the Consolidated
Subsidiaries on a consolidated basis, respectively; (c) the Borrower, and the Consolidated Subsidiaries on a consolidated basis, will be able to pay their respective debts and liabilities, subordinated, contingent or otherwise, as such debts
and liabilities become absolute and matured; and (d) neither the Borrower, nor the Consolidated Subsidiaries on a consolidated basis, will have unreasonably small capital with which to conduct the business in which they are engaged as such
business is now conducted and proposed to be conducted after the Third Amendment and Restatement Date. 
 Section 3.19. Labor
Relations. As of the Second Amendment and Restatement Date, except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, (a) there is no collective bargaining agreement or other labor
contract covering employees of the Borrower or any of its Subsidiaries, (b) no such collective bargaining agreement or other labor contract is scheduled to expire during the term of this Agreement, (c) to the best of the Borrower’s
knowledge, no union or other labor organization is seeking to organize, or to be recognized as, a collective bargaining unit of employees of the Borrower or any of its Subsidiaries or for any similar purpose, (d) there is no pending or (to the
best of the Borrower’s knowledge) threatened, strike or work stoppage and (e) there is no pending or (to the best of the Borrower’s knowledge) threatened unfair labor practice claim, or other labor dispute against or affecting the
Borrower or its Subsidiaries or their employees. 

  
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 Section 3.20. No Defaults Under Agreements. None of Borrower or any Restricted Subsidiary
is in default under any provision of any agreement or instrument to which it is a party, and no condition exists which, with the giving of notice or the lapse of time or both, would constitute such a default, other than in each case as would not,
individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 Section 3.21. Existing Liens. As of
the Second Amendment and Restatement Date, the Borrower and the Subsidiary Guarantors will have no Liens existing on any Collateral then owned by them other than (i) Liens evidenced by this Agreement, (ii) Permitted Liens, including the
Liens set forth on Schedule 7.02 hereto and (iii) Liens in respect of Indebtedness outstanding under the Term Loan Facility. 
 Section
3.22. Status of Obligations as Senior Debt. The Secured Obligations are “Senior Debt” (or any comparable term) and “Designated Senior Debt” (or any comparable term), in each case under, and as defined in, any documentation
governing any Subordinated Indebtedness. 
 Section 3.23. Anti-Corruption Laws and Sanctions. The Borrower has implemented and
maintains in effect reasonable policies and procedures designed to ensure material compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and
(a) the Borrower, its Subsidiaries and their respective officers and employees and (b) to the knowledge of the Borrower, its directors and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material
respects. None of (a) the Borrower, any Subsidiary or any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any agent of the Borrower or any Subsidiary that will act in any capacity in
connection with or benefit from the credit facility established hereby, is a Sanctioned Person. No Borrowing, use of proceeds or other transaction contemplated by this Agreement will violate Anti-Corruption Laws or applicable Sanctions. 

Section 3.24. Use of Proceeds. The proceeds of the Loans are intended to be and shall be used solely for the purposes set forth in and
permitted by Section 5.11. 
 ARTICLE 4 

CONDITIONS 

Section 4.01. Closing Date. The obligations of the Lenders to make Loans and of the Issuing Lender to issue Letters of Credit hereunder
on the Closing Date shall not become effective until the date on which each of the following conditions and the conditions set forth in Section 4.02 are satisfied: 

(a) The Agent shall have received from each party hereto either (i) a counterpart of this Agreement signed by such party
or (ii) facsimile or other written confirmation satisfactory to the Agent that such party has signed a counterpart hereof. 

(b) The Agent shall have received a counterpart of the Security Agreement, signed by the Borrower, each Subsidiary Guarantor
and the Agent. 
 (c) The Agent shall have received a counterpart of the Term Loan Intercreditor Agreement, signed by the
Term Loan Collateral Agent, the Collateral Agent, and acknowledged by the Borrower and the Subsidiary Guarantors. 
 (d)
Subject to Section 5.14 hereof and of the Term Loan Facility, the collateral agent under the Term Loan Facility shall have received certificates evidencing all the certificated Equity Interests listed in Schedule 1.01B (other than Equity
Interests held in Cornerstone, any 

  
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Specified Joint Venture or any Excluded Partnership) and stock powers or other appropriate instruments of transfer relating thereto, undated and endorsed in blank and all other financing
statements, certificates, agreements, including Deposit Account Control Agreements, or instruments necessary to perfect the Collateral Agent’s security interest in all Collateral of each Credit Party to the extent required by this Agreement or
the Security Agreement. 
 (e) [Reserved]. 

(f) The Lenders, the Agent and the Joint Lead Arrangers shall have received all fees required to be paid, and all out-of-pocket
expenses required to be paid for which invoices have been presented, at least one Business Day before the Closing Date (and the Borrower shall have complied with all its other obligations under the Fee Letter). 

(g) The Agent shall have received a favorable written opinion (addressed to the Agent and the Lenders and dated the Closing
Date) of each of (i) the Senior Vice President of Corporate Legal Affairs of the Borrower, substantially in the form of Exhibit B.1 hereto, (ii) the Senior Vice President and General Counsel of RehabCare Group, Inc., substantially in the
form of Exhibit B.2 hereto, (iii) Cleary Gottlieb Steen & Hamilton LLP, special counsel for the Borrower, substantially in the form of Exhibit B.3 hereto, (iv) Richards, Layton & Finger, P.A., special Delaware counsel for
the Borrower, substantially in the form of Exhibit B.4 hereto and (v) to the extent reasonably requested by the Agent and not addressed by any of the preceding opinions of counsel, other local counsel where any Subsidiary Guarantor may be
organized or incorporated. The Borrower requests such counsel to deliver such opinions. 
 (h) The Borrower and RehabCare
shall have received all governmental and third-party consents set forth on Schedule 4.01(h) required to be obtained in connection with the consummation of the RehabCare Acquisition. 

(i) Since December 31, 2009, there shall have been no changes, effects, developments or events that, individually or in
the aggregate, have had or would be reasonably be expected to have a Closing Date Material Adverse Effect on RehabCare. 

(j) Subject to Section 5.14 hereof, the Agent shall have received a completed Perfection Certificate (as defined in the
Security Agreement) with respect to each Credit Party dated the Closing Date and signed by an executive officer of such Credit Party (and such Perfection Certificate shall be reasonably satisfactory to the Agent), together with all attachments
contemplated thereby, including copies of personal property Lien, intellectual property and tax and judgment Lien searches received by the Borrower prior to the Closing Date with respect to Collateral of the Borrower and the Subsidiary Guarantors,
which shall not reveal the existence of any Liens on such properties other than (i) Permitted Liens or (ii) Liens as to which the Agent has received evidence satisfactory to it that the obligations secured by such Liens have been fully and
finally discharged on or prior to the Closing Date. 
 (k) The Agent shall have received, in form and substance reasonably
satisfactory to the Agent, a certificate from an appropriate officer of each of the Credit Parties (i) attaching copies of the Organizational Documents of such Credit Party and copies of resolutions or consents of the board of directors of such
Credit Party or of its applicable partner or member authorizing the applicable Financing Documents and the other transactions contemplated hereby, and (ii) certifying (A) that such copies are true, correct and complete copies thereof and
that such resolutions and Organizational Documents are in full force and effect as of the Closing Date and have been duly adopted in accordance with the Organizational Documents of such Credit Party, and (B) as to the signatures and incumbency
of the Persons executing Financing Documents on behalf of such Credit Party. 

  
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 (l) The Agent shall have received (x) the results of the completed Borrowing
Base audits and field exams with respect to the Borrower and the Subsidiary Guarantors as of the month reasonably satisfactory to the Agent and (y) a completed Borrowing Base Certificate dated as of the last day of the month most recently ended
at least 30 days prior to the Closing Date and signed by a Financial Officer. 
 (m) The Lenders shall have received the Pro
Forma Financial Statements. 
 (n) The Agent shall have received (i) audited consolidated financial statements of the
Borrower for the three most recent Fiscal Years ended prior to the Closing Date and (ii) audited consolidated financial statements of RehabCare for the three most recent Fiscal Years ended prior to the Closing Date. 

(o) The Agent shall have received a solvency certificate in substantially the form of Exhibit I hereto from the chief financial
officer of the Borrower with respect to the solvency of the Borrower and its Restricted Subsidiaries (on a consolidated basis) after giving effect to the Transactions. 

(p) [Reserved]. 

(q) The Agent shall have received one or more certificates, each dated the Closing Date and signed by the president, a vice
president or a financial officer of the Borrower or RehabCare, as applicable, that taken together confirm compliance with the conditions set forth in paragraphs (i), (s), (u) and (x) of this Section 4.01 and Section 4.02(a). 

(r) Each Credit Party shall have executed and delivered the Term Loan Facility documentation, which shall be in a form
reasonably satisfactory to the Joint Lead Arrangers. 
 (s) The RehabCare Acquisition shall have been consummated in
accordance with applicable law. The RehabCare Acquisition shall be consummated in accordance with the Merger Agreement as in effect on the Closing Date without giving effect to any waivers, amendments, supplements or modifications that are in any
respect materially adverse to the Lenders or the Joint Lead Arrangers without the approval of the Joint Lead Arrangers (not to be unreasonably withheld or delayed). 

(t) The Borrower and its Subsidiaries shall have delivered to the Agent fully executed customary pay-off letters, each dated as
of the date of the initial funding of the Loans hereunder and related to the terminations of the Existing Kindred Credit Facility and the Existing RehabCare Credit Facility. 

(u) Immediately after giving effect to the Transactions, the Borrower and its Subsidiaries would have no funded Indebtedness
other than (i) Indebtedness evidenced by this Agreement, (ii) Indebtedness under the Existing Senior Notes, (iii) Indebtedness under the Term Loan Facility, (iv) intercompany Indebtedness otherwise permitted under this Agreement,
(v) Indebtedness in respect of Capital Lease Obligations not in excess of $50,000,000 in the aggregate and (vi) other Indebtedness in an aggregate principal amount not exceeding $10,000,000. 

  
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 (v) The Administrative Agent shall have received, at least five (5) days
prior to the Closing Date, all documentation and other information required by Governmental Authorities under applicable “know your customer,” to the extent reasonably requested by the Lenders at least seven (7) days prior to the
Closing Date. 
 (w) Substantially simultaneously with the Closing Date, proceeds from the issuance of not less than
$550,000,000 aggregate principal amount of Existing Senior Notes (or such other amount as the Agent and the Borrower shall have agreed to) shall have been applied to consummate the Transactions. 

(x) Each of the representations made by RehabCare in the Merger Agreement as are material to the interests of the Lenders, but
only to the extent that the Borrower or one of its Subsidiaries has the right to terminate its obligations under the Merger Agreement as a result of a breach of such representations in the Merger Agreement, shall be true and correct as of the
Closing Date. 
 Promptly after the Closing occurs, the Agent shall notify the Borrower and the Lenders thereof, and such notice shall be
conclusive and binding on all parties hereto. Notwithstanding the foregoing, this Agreement shall not become effective unless each of the foregoing conditions is satisfied (or waived pursuant to Section 10.02) before 5:00 pm., New York City
time, on September 30, 2011 (and, if any such condition is not so satisfied or waived before such time, the Commitments shall terminate at such time). 

Section 4.02. Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing, and of the Issuing
Lender to issue, amend, renew or extend any Letter of Credit, are each subject to receipt of the Borrower’s request therefor in accordance herewith and to the satisfaction of the following conditions (provided that, on the Closing Date,
only the conditions in paragraphs (a) and (d) of this Section must be satisfied): 
 (a) The representations and
warranties of each Credit Party set forth in the Financing Documents shall be true and correct in all material respects (it being understood that any representation and warranty that is qualified as to “materiality,” “material adverse
effect” or similar language shall be true and correct in all respects (after giving effect to any such qualification therein) on and as of the date of such Borrowing or the date of issuance, amendment, renewal or extension of such Letter of
Credit, as applicable; provided that those representations and warranties that speak only of a specific date shall only speak as of such date; provided further that notwithstanding the foregoing, the only representations and warranties
of each Credit Party that shall be required to be true and correct with respect to any Borrowing the primary purpose of which is to finance the Gentiva Acquisition shall be those set forth in Sections 3.01, 3.02, 3.03, 3.04, 3.10, 3.15, 3.18, 3.22
and 3.23 (conformed as necessary for such acquisition). 
 (b) Following the Closing Date, 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 applicable, no Default shall have occurred and be continuing (provided that, with respect to any Borrowing the primary purpose
of which is to finance the Gentiva Acquisition, the requirement under this clause (b) shall be that no Event of Default under Section 8.01(a) or (m) shall have occurred and be continuing). 

(c) Except in the case of Loans made on the Closing Date, the Agent shall have received a Borrowing Base Certificate dated no
more than 31 days prior to the extension of such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit, as applicable. 

  
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 (d) The total Credit Exposures, after giving effect to such extension of such
Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit, as applicable, shall not exceed the lesser of (x) the aggregate Commitments then in effect and (y) the Borrowing Base as most recently certified. 

Each Borrowing and each issuance, amendment, renewal or extension of a Letter of Credit shall be deemed to constitute a representation and
warranty by the Borrower on the date thereof as to the matters specified in paragraphs (a), (b) and (d) of this Section. 

ARTICLE 5 

AFFIRMATIVE COVENANTS 

From and after the Closing Date and until the Commitments have expired or been terminated and the principal of and interest on each Loan and
all fees payable hereunder have been paid in full and all Letters of Credit have expired or terminated and all LC Disbursements shall have been reimbursed, the Borrower covenants and agrees with the Lenders that: 

Section 5.01. Information. The Borrower will deliver the following information to the Agent (with copies thereof for each Lender if
requested by the Agent) and, promptly upon receipt thereof, the Agent will deliver a copy thereof to each Lender: 
 (a) as
soon as available and in any event within 90 days after the end of each Fiscal Year of the Borrower, an audited consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of the end of such Fiscal Year, and the related audited
consolidated statements of operations, cash flows and changes in stockholders’ equity for such Fiscal Year, setting forth in each case in comparative form the figures for the previous Fiscal Year (to the extent available), all such financial
statements reported on in a manner acceptable to the SEC by independent public accountants of nationally recognized standing, which report (x) shall state that such financial statements present fairly, in all material respects, the consolidated
financial position of the Borrower and its Consolidated Subsidiaries as of the date of such financial statements and their consolidated results of operations and cash flows for the period covered by such financial statements in conformity with GAAP
and (y) shall not contain any Qualification; 
 (b) as soon as available and in any event within 45 days after the end
of each of the first three Fiscal Quarters of each Fiscal Year, (i) an unaudited condensed consolidated balance sheet of the Borrower and its Consolidated Subsidiaries together with the related condensed consolidated statements of operations
for such Fiscal Quarter and for the portion of the Fiscal Year ended at the end of such Fiscal Quarter and of cash flows for the portion of the Fiscal Year ended at the end of such Fiscal Quarter, setting forth in each case in comparative form the
unaudited consolidated statements of operations and cash flows (to the extent available) for the corresponding Fiscal Quarter and the corresponding portion of the previous Fiscal Year, all prepared in accordance with Rule 10-01 of Regulation S-X of
the General Rules and Regulations under the Securities Act of 1933, as amended, or any successor rule that sets forth the manner in which interim financial statements shall be prepared (subject to normal year-end adjustments), and (ii) a
certificate of a Financial Officer as to the fairness of presentation and consistency of such financial statements; 
 (c)
simultaneously with the delivery of each set of financial statements referred to in Section 5.01(a) and within 15 days after the delivery of each set of financial statements referred to in Section 5.01(b), a certificate of a Financial
Officer (i) setting forth in reasonable detail such 

  
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calculations as are required to establish whether the Borrower was in compliance with the requirements of Article 6 on the date of such financial statements, (ii) stating whether any Default
exists on the date of such certificate and, if any Default then exists, setting forth the details thereof and the action that the Borrower is taking or proposes to take with respect thereto, (iii) stating whether, since the date of the Most
Recent Audited Financial Statements, an event has occurred or condition arisen which has had a Material Adverse Effect which is not reflected in the financial statements delivered simultaneously therewith and, if so, the nature of such Material
Adverse Effect and (iv) stating whether, since the date of the Most Recent Audited Financial Statements, there has been a change in the GAAP applied in preparing the financial statements then being delivered from those applied in preparing the
Most Recent Audited Financial Statements which is material to the financial statements then being delivered and including a detailed reconciliation reasonably satisfactory to the Administrative Agent of the impact of such a change on the financial
statements delivered pursuant to Sections 5.01(a) and (b) (which reconciliation, in the case of a change resulting in operating leases being treated as Capital Leases under GAAP, shall be delivered in connection with the delivery of every
certificate delivered pursuant to this Section 5.01(c) following such change to GAAP); 
 (d) [Reserved]; 

(e) within five Business Days after any Executive Officer or Financial Officer obtains knowledge of any Default, if such
Default is then continuing, a certificate of a Financial Officer setting forth the details thereof and the action that the Borrower is taking or proposes to take with respect thereto; 

(f) within five Business Days after any Executive Officer or Financial Officer obtains knowledge that a Master Lease Payment
Default or any Master Lease Event of Default has occurred and such Master Lease Payment Default or Master Lease Event of Default could reasonably be expected to result in an Event of Default or Material Adverse Effect, and if such event is then
continuing, a certificate of an Executive Officer or Financial Officer setting forth the details thereof and the action that the Borrower or Subsidiary Guarantor is taking or proposes to take with respect thereto; 

(g) [Reserved]; 

(h) promptly after the mailing thereof to the Borrower’s shareholders generally, copies of all financial statements,
reports and proxy statements so mailed; 
 (i) simultaneously with the delivery of financial statements referred to in
Section 5.01(a), if during any of the periods covered by the statement of income contained therein the Borrower shall have one or more Unrestricted Subsidiaries, then the Borrower shall provide a report summarizing the amount of
(i) revenues, (ii) EBITDAR, (iii) EBITDA and (iv) total assets with respect to such Unrestricted Subsidiaries; 

(j) promptly after any member of the ERISA Group (i) gives or is required to give notice to the PBGC of any
“reportable event” (as defined in Section 4043 of ERISA) with respect to any Plan which might constitute grounds for a termination of such Plan under Title IV of ERISA, or knows that the plan administrator of any Plan has given or is
required to give notice of any such reportable event, a copy of the notice of such reportable event given or required to be given to the PBGC; (ii) receives notice of complete or partial withdrawal liability under Title IV of ERISA or notice
that any Multiemployer Plan is in reorganization, is insolvent or has been terminated, a copy of such notice; (iii) receives notice from the PBGC under Title IV of ERISA 

  
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of an intent to terminate, impose liability (other than for premiums under Section 4007 of ERISA) in respect of, or appoint a trustee to administer any Plan or notice that the PBGC is
commencing an administrative process to make a determination of whether to terminate any Plan, a copy of such notice; (iv) applies for a waiver of the minimum funding standard under Section 412 of the Code, a copy of such application;
(v) gives notice of intent to terminate any Plan under Section 4041(c) of ERISA, a copy of such notice and other information filed with the PBGC; (vi) gives notice of withdrawal from any Plan pursuant to Section 4063 of ERISA, a
copy of such notice; or (vii) fails to make any payment or contribution to any Plan or Multiemployer Plan or makes any amendment to any Plan which has resulted or could result in the imposition of a Lien or the posting of a bond or other
security, a certificate of a Financial Officer setting forth details as to such occurrence and the action, if any, which the Borrower or the applicable member of the ERISA Group is required or proposes to take; 

(k) (i) as soon as reasonably practicable after any Executive Officer obtains knowledge of the commencement of an action, suit
or proceeding against the Borrower or any Subsidiary Guarantor before any court or arbitrator or any governmental body, agency or official in which there is a reasonable possibility of an adverse decision which could have a Material Adverse Effect
or which in any manner questions the validity of any Financing Document, a certificate of a Financial Officer setting forth the nature of such action, suit or proceeding and such additional information as may be reasonably requested by any Lender
through the Agent; 
 (ii) promptly after an Executive Officer obtains knowledge of one or more judgments or orders of a
court or arbitral or regulatory authority for the payment of money aggregating in excess of $25,000,000 rendered against the Borrower or one or more Subsidiary Guarantors, a certificate of such Executive Officer setting forth the nature and amount
of such judgment and whether the Borrower or Subsidiary Guarantor intends to seek a stay or appeal of such judgment and such additional information as may be reasonably requested by any Lender through the Agent; 

(l) promptly upon the Borrower’s receipt from its independent public accountants of any management letter which indicates
a material weakness in the reporting practices of the Borrower or any Subsidiary Guarantor, a description of such material weakness and any action being taken with respect thereto; 

(m) [Reserved]; 

(n) as soon as available and in any event no later than March 31 of each Fiscal Year, (i) cash flow, balance sheet
and income statement forecasts in reasonable detail for the Borrower and its Consolidated Subsidiaries prepared on a quarterly basis for each Fiscal Year through the Maturity Date and, promptly when available, any material revisions of such forecast
and (ii) the Borrower’s business and financial plans for such Fiscal Year, setting forth the assumptions used in preparing such plans and, promptly when available, any material revisions of such plans; 

(o) within 15 Business Days of any Person becoming or ceasing to be a Restricted Subsidiary or Insurance Subsidiary of the
Borrower or an Excluded Partnership, an update to Schedule 1.01B hereto setting forth the information described in Section 3.13 with respect to each Restricted Subsidiary and Insurance Subsidiary of the Borrower and each Excluded Partnership
(it being understood that nothing in this Section 5.01(o) shall be deemed to permit or authorize the creation, dissolution, liquidation or acquisition of a Restricted Subsidiary or Insurance Subsidiary of the Borrower or an Excluded Partnership
not otherwise permitted under this Agreement); 

  
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 (p) promptly upon request of the Agent (which request may be made on no more than
one occasion in any calendar month), a report in reasonable detail showing the amount of Temporary Cash Investments of the Borrower and its Restricted Subsidiaries, the banks or financial institutions at which such Temporary Cash Investments are
maintained, the then yield on such Temporary Cash Investments and such other information relating to Temporary Cash Investments of the Borrower and its Restricted Subsidiaries as the Agent may reasonably request; 

(q) within 30 days after the end of each calendar month (and if requested by the Agent (any such request, a
“Borrowing Base Request”) at any time when the Agent reasonably believes that the Borrowing Base Certificate then most recently certified is materially inaccurate, as soon as reasonably available but in no event later
than five Business Days after such request), a completed Borrowing Base Certificate calculating and certifying the Borrowing Base as of the end of such calendar month (or in the case of a Borrowing Base Request, as of the same date as of which the
Borrowing Base Certificate with respect to which such Borrowing Base Request relates was certified), signed on behalf of the Borrower by a Financial Officer, in each case with supporting documentation and additional reports with respect to the
Borrowing Base as the Agent may reasonably request; provided that at Borrower’s election, unless otherwise requested by the Administrative Agent or if a Default or an Event of Default shall have occurred and be continuing, any Borrowing
Base Certificate calculated as of the end of a calendar month that does not coincide with the end of the Fiscal Quarter (beginning with the Borrowing Base Certificate calculated as of April 30, 2014) may assume that the Ineligible Account
Amount with respect to any Ineligible Account Clause is the same as the Ineligible Account Amount for such Ineligible Account Clause was as of the last day of the Fiscal Quarter most recently ended prior to such month, to the extent the Ineligible
Account Amount for such Ineligible Account Clause shall have been specifically identified on the Borrowing Base Certificate calculated as of the end of such most recently ended Fiscal Quarter; provided further that in no event shall the
aggregate of the Ineligible Account Amounts so assumed for such month exceed the Maximum Intraquarter Static Ineligible Account Amount as of the end of such most recently ended Fiscal Quarter; and 

(r) from time to time such additional information regarding the position (financial or otherwise), results of operations or
business of the Borrower or any Subsidiary Guarantor as any Lender may reasonably request in writing through the Agent. 

Information required to be delivered pursuant to Sections 5.01(a), 5.01(b), 5.01(h) and 5.01(i) shall be deemed to have been delivered
on the date on which the Borrower provides notice to the Agent that such information has been posted on the Borrower’s website on the Internet at www.kindredhealthcare.com, at www.sec.gov/edgar/searchedgar/webusers.htm or at another website
identified in such notice and accessible by the Lenders without charge; provided that (i) such notice may be included in a certificate delivered pursuant to Section 5.01(c) and (ii) the Borrower shall deliver paper copies of
the information referred to in Sections 5.01(a), 5.01(b), 5.01(h) and 5.01(i) to any Lender that requests such delivery. 
 Section
5.02. Maintenance of Property. The Borrower and each Subsidiary Guarantor will keep all Collateral in good working order and condition, except for (i) ordinary wear and tear and casualty and (ii) where failures to comply herewith
would not, in the aggregate, reasonably be expected to cause a Material Adverse Effect. 

  
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 Section 5.03. Insurance. 

(a) The Borrower and each Subsidiary Guarantor will maintain insurance with responsible companies in such amounts and against such risks as is
usually carried by owners of similar businesses and properties in the same general areas in which it operates. 
 (b) The Borrower shall,
promptly upon request by the Agent, provide the Agent with evidence of a policy of flood insurance that covers any parcel of improved real property that is encumbered by any Mortgage 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, as amended, and as may be further amended to the extent and in
the amounts required by the Administrative Agent or the Required Lenders. 
 (c) Subject to Section 6(b) of the Second Amendment and
Restatement Agreement, the Borrower will cause the Agent to be continued at all times to be named as a loss payee/mortgagee (as its interests may appear) or an additional insured (but without any liability for any premiums) under each insurance
policy required to be maintained pursuant to this Section 5.03, in each case to the extent the Agent may be named as such under the terms of the relevant insurance policy (and the Borrower will, and will cause each of the Subsidiary Guarantors
to, use its commercially reasonable efforts to cause each such insurance policy to permit the Agent to be named as such), and the Borrower will, and will cause each of the Subsidiary Guarantors to, amend each such insurance policy to provide for 30
days prior written notice to the Agent in the event of any non-renewal, cancellation or amendment of any such insurance policy. 
 (d) If
the Borrower or any Subsidiary Guarantor fails to maintain any insurance policy required to be maintained under this Section 5.03, the Agent shall have the right to maintain such policy or obtain a comparable policy, and in either case pay the
premiums therefor. If the Agent maintains or obtains any such policy and pays the premiums therefor, the Borrower will reimburse the Agent upon demand for its expenses in connection therewith, including interest thereon for each day at a rate per
annum equal to the Default Rate. 
 (e) For the avoidance of doubt, the requirements of this Section 5.03 are subject in all respects
to the terms of the Term Loan Intercreditor Agreement. 
 Section 5.04. Payment of Obligations; Compliance with Law and Contractual
Obligations. 
 (a) The Borrower and each Subsidiary Guarantor will pay its Indebtedness and other obligations, including Tax
liabilities, before the same shall become delinquent or in default, except where (i) the validity or amount thereof is being contested in good faith by appropriate proceedings, (ii) the Borrower or the relevant Subsidiary Guarantor has set
aside on its books adequate reserves with respect thereto in accordance with GAAP, (iii) such contest effectively suspends collection of the contested obligation and the enforcement of any Lien securing such obligation and (iv) the failure
to make payment pending such contest could not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. 

(b) The Borrower and each Subsidiary Guarantor will comply in all material respects with all Applicable Laws (including Medicare Regulations,
Medicaid Regulations, Environmental Laws and ERISA and the rules and regulations thereunder), except where (i) the necessity of compliance therewith is contested in good faith by appropriate measures or proceedings, in which case adequate and
reasonable reserves will be established in accordance with GAAP and notice of each such contest (other than contests in the ordinary course of business) shall be given to the Agent, or (ii) failures to comply therewith could not, in the
aggregate, reasonably be expected to have a Material Adverse Effect. 

  
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 (c) The Borrower and each Subsidiary Guarantor will comply in all material respects with all
contractual obligations that are material to its business, except where failures to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(d) The Borrower will maintain in effect and enforce reasonable policies and procedures designed to ensure material compliance by the
Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions. 

Section 5.05. Maintenance of Existence, Rights, Etc.The Borrower and each Subsidiary Guarantor will preserve, renew and keep in
full force and effect its existence and its rights, privileges, licenses and franchises necessary or desirable in the normal conduct of business; provided that nothing in this Section shall prohibit (a) any transaction permitted by
Section 7.03(a), (b) the loss of any rights, privileges, licenses and franchises if the loss thereof, in the aggregate, could not reasonably be expected to have a Material Adverse Effect or (c) the Borrower or any Subsidiary Guarantor
from changing its name so long as the Borrower or such Subsidiary Guarantor, as the case may be, complies with the requirements of the Security Agreement in connection with such name change. 

Section 5.06. Designation of Restricted and Unrestricted Subsidiaries. 

(a) The Borrower may designate any Subsidiary (other than any Subsidiary that is an obligor with respect to any Indebtedness incurred pursuant
to Section 7.01(a)(xiii) or 7.01(a)(xiv)), including a newly acquired or created Subsidiary, to be an Unrestricted Subsidiary if the sum of (i) the total assets of such Subsidiary (or, if any such Subsidiary itself has Subsidiaries, the
consolidated total assets of such Subsidiary and its Consolidated Subsidiaries) and the total assets of every other Unrestricted Subsidiary (other than Cornerstone, the Specified Joint Ventures and the Excluded Partnerships), in each case determined
as of the date of the Most Recent Financial Statements and (ii) the amount of any Investments made in the Specified Joint Ventures after the Third Amendment and Restatement Date (determined as of the date of such designation in accordance with
the definition of “Investment”), does not exceed 5% of the Consolidated Total Assets of the Borrower and its Consolidated Subsidiaries, the designation would not cause a Default and on a Pro Forma Basis, after giving effect to such
designation, the Borrower shall be in compliance with the covenants set forth in Article 6 hereof; provided that: 

(i) such Subsidiary does not own any capital stock of the Borrower or any Restricted Subsidiary; 

(ii) such Subsidiary does not hold any Indebtedness of, or any Lien on any property of, the Borrower or any Restricted
Subsidiary, in each case except to the extent permitted by Section 7.01 or 7.02, respectively; 
 (iii) at the time of
designation, the designation would be permitted under Section 7.08; 
 (iv) to the extent the Indebtedness of the
Subsidiary is not Non-Recourse Debt, any Guarantee or other credit support thereof by the Borrower or any Restricted Subsidiary is permitted under Sections 7.01 and 7.08; 

(v) the Subsidiary is not party to any transaction or arrangement with the Borrower or any Restricted Subsidiary that would not
be permitted under Section 7.04; and 

  
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 (vi) neither the Borrower nor any Restricted Subsidiary has any obligation to
subscribe for additional Equity Interests of the Subsidiary or to maintain or preserve its financial condition or cause it to achieve specified levels of operating results except to the extent permitted by Sections 7.01 and 7.08. 

Once so designated the Subsidiary will remain an Unrestricted Subsidiary, subject to paragraph (b). 

(b) (i) If as of the date of the Most Recent Financial Statements, the conditions specified in paragraph (a) are not satisfied, the
Borrower shall immediately designate one or more Unrestricted Subsidiaries as Restricted Subsidiaries to the extent required to ensure that the conditions specified in paragraph (a) would have been satisfied as of the date of the Most Recent
Financial Statements, subject to the consequences set forth in paragraph (d). 
 (ii) The Borrower may designate an Unrestricted Subsidiary
to be a Restricted Subsidiary if the designation would not cause a Default. 
 (c) Upon a Restricted Subsidiary becoming an Unrestricted
Subsidiary, 
 (i) all existing Investments of the Borrower and the Restricted Subsidiaries therein (valued at the
Borrower’s proportional share of the fair market value of its assets less liabilities) will be deemed made at that time; 

(ii) all existing capital stock or Indebtedness of the Borrower or a Restricted Subsidiary held by it will be deemed incurred
at that time, and all Liens on property of the Borrower or a Restricted Subsidiary held by it will be deemed incurred at that time; 

(iii) all existing transactions between it and the Borrower or any Restricted Subsidiary will be deemed entered into at that
time; 
 (iv) it is released at that time from the Security Agreement; and 

(v) it will cease to be subject to the provisions of this Agreement as a Restricted Subsidiary. 

(d) Upon an Unrestricted Subsidiary becoming a Restricted Subsidiary, 

(i) all of its Indebtedness will be deemed incurred at that time for purposes of Section 7.01, but will not be considered
the sale or issuance of Equity Interests for purposes of Section 7.03(c) or 7.06; 
 (ii) Investments therein previously
charged under Section 7.08 will be credited thereunder; 
 (iii) it must issue a Guarantee of the Loans pursuant to
Section 5.08 and execute a Security Agreement Supplement pursuant to Section 5.09; and 
 (iv) it will
thenceforward be subject to the provisions of this Agreement as a Restricted Subsidiary. 
 (e) Any designation by the Borrower of a
Subsidiary of the Borrower as a Restricted Subsidiary or Unrestricted Subsidiary will be evidenced to the Agent by promptly filing with the Agent a certificate of an Executive Officer and a Financial Officer certifying that the designation complied
with the foregoing provisions. 

  
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 (f) Notwithstanding anything to the contrary in this Section 5.06, (i) the Borrower may
designate an Escrow Subsidiary as an Unrestricted Subsidiary and (ii) each Escrow Subsidiary shall be excluded from any calculations made, or any conditions specified, in paragraphs (a) and (b). 

Section 5.07. Books and Records; Inspection Rights. The Borrower will, and will cause each of its Restricted Subsidiaries to, keep
proper books of record and account in which full, true and correct entries are made of all dealings and transactions in relation to its business and activities. The Borrower will, and will cause each of its Restricted Subsidiaries to, permit any
representatives designated by the 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 such officers
designated for such purposes by a Financial Officer, such other officers as may be reasonably designated for such purposes by the Agent and independent accountants, all at such reasonable times and as often as reasonably requested. 

Section 5.08. Guarantees by Future Restricted Subsidiaries. Within 30 Business Days after any Person (other than an Excluded
Subsidiary) becomes or is deemed to have become a Restricted Subsidiary or ceases to be an Excluded Partnership (unless such Person is or shall become an Excluded Subsidiary upon ceasing to be an Excluded Partnership) or an Excluded Subsidiary
(provided that such Person remains a Subsidiary), the Borrower shall (i) cause such Person to guarantee the Borrower’s Obligations hereunder pursuant to the Security Agreement and (ii) deliver to the Agent such legal opinions (which,
unless the Agent reasonably requests otherwise, may be delivered by in-house counsel to the Borrower) and other documents as the Agent may reasonably request relating to the existence of such Person, the corporate or other authority for and validity
of its guarantee pursuant to the Security Agreement and any other matters relevant thereto, all in form and substance satisfactory to the Agent. Without limiting the foregoing, the Borrower shall cause each Subsidiary Guarantor at all times to
guarantee the Borrower’s obligations hereunder pursuant to the Security Agreement. Notwithstanding anything herein to the contrary, the Borrower may, at any time in its sole discretion, cause any Excluded Subsidiary to become a Subsidiary
Guarantor upon written notice to the Administrative Agent. 
 Section 5.09. Future Assets to Be Added to Collateral and Further
Assurances. 
 (a) Within 30 Business Days after any Person becomes or is deemed to have become a Subsidiary, an Insurance Subsidiary or
ceases to be an Excluded Partnership (provided that such Person remains a Subsidiary) after the Closing Date, the Borrower shall cause all Equity Interests in such Person owned by the Borrower or the Subsidiary Guarantors to be pledged under the
Security Agreement; provided that (x) if regulatory consent is required to permit any such pledge of Equity Interests in an Insurance Subsidiary, (i) such pledge shall not be required unless such regulatory consent is reasonably obtainable
and (ii) if such regulatory consent is reasonably obtainable, the Borrower shall exercise all reasonable efforts to obtain it and shall not be required to pledge such Equity Interests unless and until it is obtained, (y) if such Person is
a Foreign Subsidiary, such Equity Interests must only be pledged if they are further directly held by a Credit Party, and only 66% of the voting stock of any such Foreign Subsidiary shall be required to be pledged and (z) if such Person is not
a Wholly Owned Subsidiary, the grant of a security interest in the Equity Interests thereof would not constitute a material violation of a valid and enforceable restriction in favor of a third party. 

(b) If at any time after the Closing Date the Borrower or a Subsidiary Guarantor acquires a fee interest in a Material Real Property (other
than any Specified Property) that is not included in the Collateral, the Borrower shall, within five Business Days after it or such Subsidiary Guarantor acquires such 

  
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Material Real Property, provide notice thereof to the Agent and, within 60 days after it or such Subsidiary Guarantor acquires such Material Real Property, cause such Material Real Property to be
added to the Collateral by delivering to the Agent a Mortgage with respect thereto and the appropriate UCC form for the related fixture filing, all in form and substance reasonably satisfactory to the Agent and deliver to the Agent such
documentation as would have been required by Section 6(b) of the Second Amendment and Restatement Agreement. 
 (c) Within 30
Business Days (except in respect of clause (iii) below, where the period shall be 60 Business Days) after any Person becomes a Restricted Subsidiary (other than an Excluded Subsidiary that is not a Subsidiary Guarantor) or ceases to be an
Excluded Partnership (unless such Person is or shall become an Excluded Subsidiary upon ceasing to be an Excluded Partnership) or an Excluded Subsidiary (provided that such Person remains a Subsidiary), the Borrower will (i) cause such
Person to sign and deliver a Security Agreement Supplement granting a Lien or Liens on substantially all the personal property included in its assets (with the exceptions set forth in the first proviso at the end of Section 3 of the Security
Agreement and such other exceptions as the Agent shall approve in writing) to the Agent to secure its Secured Obligations, (ii) cause such Person to comply with the provisions thereof and of the Security Agreement and (iii) cause the
Material Real Property owned by such Person to be added to the Collateral by delivering to the Agent a Mortgage with respect thereto and the appropriate UCC form for the related fixture filing, all in form and substance reasonably satisfactory to
the Agent and any other items as may be required pursuant to Section 5.09(f). 
 (d) If any Specified Property referred to in
Schedule 1.01H with a book value exceeding $10,000,000 (in the case of a hospital) or $5,000,000 (in all other cases) has not been sold on or prior to the date with respect to such Specified Property indicated on Schedule 1.01H (other than to the
Borrower or any Subsidiary of the Borrower), the Borrower shall promptly (and in any event by no later than 45 Business Days after such date indicated on Schedule 1.01H) cause such Specified Property to be added to the Collateral by delivering to
the Agent a Mortgage with respect thereto and any other items as may be required pursuant to Section 5.09(f). Subject to the Term Loan Intercreditor Agreement, prior to such time, the Borrower shall ensure that no Lien (other than Permitted
Encumbrances) over any such Specified Property is granted to any Person. 
 (e) If at any time the granting of a pledge or other Security
Interest over the Equity Interests in Cornerstone is not prohibited by Cayman Islands law, the Borrower shall ensure that a pledge or such other security interest over such Equity Interests is granted to the Agent for the benefit of the Lenders and
that stock certificates evidencing such Equity Interests are delivered as soon as practicable to the Agent together with signed stock powers or other appropriate instruments of transfer relating thereto. Subject to the Term Loan Intercreditor
Agreement, prior to such time, the Borrower shall ensure that no Lien over such Equity Interests is granted to any Person. 
 (f) Whenever
any asset is added to the Collateral pursuant to this Section, the Borrower shall (i) allow a review and other due diligence to be performed by the Agent on such asset, and (ii) deliver to the Agent such documentation as would have been
required by Section 4.01 hereof if such asset had been owned by the Borrower or a Subsidiary Guarantor on the Closing Date. 
 (g)
Promptly, upon the reasonable request of the Administrative Agent or the Collateral Agent, at Borrower’s expense, execute, acknowledge and deliver, or cause the execution, acknowledgment and delivery of, and thereafter register, file or record,
or cause to be registered, filed or recorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Collateral Documents or otherwise deemed by the Administrative Agent or the Collateral Agent
reasonably necessary or appropriate for the continued validity, perfection and priority of the Liens on the Collateral covered thereby pursuant to the Collateral Documents subject to no other Liens except as permitted

  
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by the applicable Collateral Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. Promptly, upon reasonable request, deliver or cause to be
delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral
Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Collateral Documents. 

Section 5.10. Condemnation Events. If any Condemnation Event occurs with respect to the Owned Real Properties by the Borrower or any of
its Restricted Subsidiaries, or if any negotiation or proceeding is commenced which might result in such a Condemnation Event, or if any such Condemnation Event is proposed or threatened, the Borrower or such Restricted Subsidiary will, promptly
after receiving notice or obtaining knowledge thereof, do all things reasonably necessary or appropriate by it to preserve its interest in such property and promptly make claim for awards payable with respect thereto and diligently pursue to
conclusion such claim and any suit, action or other proceeding reasonably necessary or appropriate to obtain payment thereof. 
 Section
5.11. Use of Proceeds and Letters of Credit. 
 (a) The proceeds of the Loans shall be used by the Borrower (i) to effect the
Transactions, (ii) to pay fees and expenses related to the Transactions, (iii) to finance the working capital needs of the Borrower and its Restricted Subsidiaries in the ordinary course of business and (iv) for general corporate
purposes of the Borrower and its Restricted Subsidiaries on and after the Closing Date, including Acquisitions and other Investments permitted pursuant to Section 7.08; provided that no part of the proceeds of any Loan will be used for any
purpose that entails a violation of the provisions of Regulation U, Regulation X and, assuming that no broker-dealer or other “creditor” (as defined in Regulation T) extends or maintains credit under this Agreement, Regulation T. 

(b) The Letters of Credit will be used for general corporate purposes of the Borrower and its Restricted Subsidiaries. 

(c) All proceeds of the Loans made on or after the Second Amendment and Restatement Date shall be used by the Borrower (i) in
accordance with the terms of the Second Amendment and Restatement Agreement to effect the Second Amendment and Restatement Transactions, (ii) to finance the working capital needs of the Borrower and its Restricted Subsidiaries in the ordinary
course of business and (iii) for general corporate purposes, including Acquisitions and other Investments permitted pursuant to Section 7.08; provided that no part of the proceeds of any Loan will be used for any purpose that
entails a violation of the provisions of Regulation U, Regulation X and, assuming that no broker-dealer or other “creditor” (as defined in Regulation T) extends or maintains credit under this Agreement, Regulation T. 

(d) The Borrower will not request any Borrowing, and the Borrower shall not use, and shall procure that its Subsidiaries and its or their
respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any
Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or (C) in any manner that
would result in the violation of any Sanctions applicable to any party hereto. 
 Section 5.12. Borrowing Base Reviews. The Borrower
shall, and shall cause each of its Restricted Subsidiaries to, permit any representatives designated by the Agent (including any consultants, accountants, lawyers and appraisers retained by the Agent) to, upon reasonable notice to the Borrower, 

  
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conduct evaluations and appraisals (excluding real estate appraisals, physical inspection reports and engineering reports) (any such evaluation or appraisal, a “Borrowing Base
Review”) of the assets included in the Borrowing Base and the Borrower’s computation of the Borrowing Base and such other assets and other financial information and properties of the Borrower or its Restricted Subsidiaries as the Agent
may reasonably require; provided that not more than one Borrowing Base Review shall be required in each calendar year; provided, further that if on any date the daily average outstanding
amount of Credit Exposure of all Lenders over the 90 day period prior to such date of determination is greater than 75% of the lesser of (x) the aggregate Commitments as of such date or (y) the Borrowing Base as of such date, one
additional field examination will be permitted in such calendar year; provided further that, if an Event of Default has occurred and is continuing, additional Borrowing Base Reviews will be permitted upon the request of the
Agent (without regard to the foregoing limits); provided further that to the extent, pursuant to any Investment or Investments (other than any Investment made pursuant to clause (a)(x), (b), (c), (f), (g), (h), (i), (j),
(k) or (l) of the definition of Permitted Investment or any Investment made pursuant to Section 7.08(a)(vii) or (ix)) the Borrower and/or the Subsidiary Guarantors acquire Accounts in the aggregate for all such Investments exceeding
15% of the Borrowing Base at such time since (i) the Closing Date or (ii) the most recently completed Borrowing Base Review, no such excess Accounts may be deemed to be Eligible Accounts unless and until the Agent shall have completed a
Borrowing Base Review (which Borrowing Base Review shall be at the Borrower’s expense). Borrowing Base Reviews shall be conducted during regular business hours. The Borrower agrees to, and shall cause each of its Restricted Subsidiaries to,
modify or adjust the computation of the Borrowing Base (which may include maintaining additional reserves or modifying the eligibility criteria for the components of the Borrowing Base) to the extent reasonably required by the Agent or the Required
Lenders as a result of any such Borrowing Base Review. The Borrower shall pay the fees (including internally allocated fees and expenses of employees of the Agent) and expenses of any such representatives retained by the Agent as to which invoices
have been furnished to conduct any such evaluation or appraisal, including the reasonable fees and expenses associated with collateral monitoring services performed by the Collateral Agent Services Group of the Agent.  

Section 5.13. Environmental Matters. From time to time after the Closing, the Borrower will review the effect of Environmental Laws on
the business, operations and properties of the Borrower and the Subsidiary Guarantors, in the course of which reviews it will identify and evaluate associated liabilities and costs, including all Environmental Liabilities. If, on the basis of such
reviews, the Borrower reasonably concludes that the foregoing associated liabilities and costs would reasonably be expected to have a Material Adverse Effect, the Borrower shall promptly deliver a certificate to the Agent setting forth its
conclusion and the action that the Borrower proposes to take with respect thereto. 
 Section 5.14. Post-Closing. 

(a) Within 90 days after the Closing Date (or such longer period as agreed by the Agent), the Borrower shall deliver or cause to be delivered
to the Agent in respect of any Owned Real Property, excluding any Specified Property owned on the Closing Date, (i) a Mortgage, (ii) a “Life-of-Loan” flood determination notice and if such Owned Real Property is located in a
special flood hazard area, (x) a notice about special flood hazard area status and flood disaster assistance duly executed by the Borrower or applicable Subsidiary Guarantor and (y) certificates of insurance evidencing the insurance
required by Section 5.03(b) in form and substance satisfactory to the Agent, (iii) an ALTA 2006 loan policy of title insurance in an amount reasonably acceptable to the Agent, not to exceed the book value of such Owned Real Property (or
unconditional binding commitment therefor to be replaced by a final title policy) insuring the Lien of such Mortgage as a valid mortgage Lien on the Owned Real Property free of any other Liens except for Permitted Liens which policy (or such
commitment) shall be issued by a nationally recognized title insurance company and contain such endorsements (excluding the creditor’s rights endorsement), coinsurance and reinsurance as the Agent may reasonably request, (iv) such
affidavits as are 

  
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customarily and reasonably required to induce the title company to issue the title policies contemplated in (iii), (v) evidence reasonably acceptable to the Agent of payment by the Borrower
of all title policy premiums, search and examination charges, escrow charges and related charges, mortgage recording taxes, fees, charges, costs and expenses required for the recording of the Mortgages and issuance of the title policies referred to
above, (vi) an ALTA survey (or update certificate to an existing ALTA survey together with an affidavit of no change) in a form and substance reasonably acceptable to the Agent, in either case to the extent required by the title insurance
company issuing the policy of title insurance required by clause (iii) hereof for deletion of the so called “survey exception” and issue the endorsements reasonably requested by the Agent, (vii) an opinion of counsel to the
Borrower or applicable Subsidiary Guarantor opining as to the enforceability of the Mortgages in a form and substance reasonably acceptable to the Agent, (viii) to the extent any lease in respect of greater than 20,000 square feet of demised
space under which the Borrower or any Subsidiary Guarantor is the lessor affects any Owned Real Property subject to a Mortgage, Borrower or such applicable Subsidiary Guarantor shall use commercially reasonable efforts to cause such lease to be
subordinate to the Lien of the Mortgage to be recorded against such Owned Real Property, either expressly by such lease’s terms or pursuant to a subordination, non-disturbance and attornment agreement in form and substance reasonably acceptable
to the Agent. 
 (b) Additional Post-Closing Obligations. The Borrower shall, and shall cause each of the relevant Subsidiary
Guarantors (as applicable), to take the actions and comply with the obligations set forth in Schedule 5.14(b) hereto, in each case within such time periods and subject to such terms and conditions as are set forth in such Schedule 5.14(b).

 ARTICLE 6 

FINANCIAL COVENANTS 

From and after the Closing Date and until the Commitments have expired or been terminated and the principal of and interest on each Loan and
all fees payable hereunder have been paid in full and all Letters of Credit have expired or terminated and all LC Disbursements shall have been reimbursed, the Borrower covenants and agrees with the Lenders that: 

Section 6.01. Minimum Fixed Charge Coverage Ratio. At each Quarterly Measurement Date on or after the Closing Date (beginning with
December 31, 2011, or, if later, the last day of the first full Fiscal Quarter completed after the Closing Date), the Borrower’s Fixed Charge Coverage Ratio will not be less than 1.25:1.00. 

Section 6.02. Maximum Capital Expenditures. 

(a) The Borrower shall not, and shall not permit its Restricted Subsidiaries to, make or incur any Capital Expenditure except for
Capital Expenditures not exceeding $300,000,000 in any Fiscal Year, as such amount may be adjusted as provided in Section 6.02(b) below (such amount, the “Permitted Capital Expenditure Amount”). 

(b) Notwithstanding anything to the contrary contained in this Section 6.02, to the extent that the aggregate amount of Capital
Expenditures made by the Borrower and its Restricted Subsidiaries in any Fiscal Year pursuant to Section 6.02(a) is less than the Permitted Capital Expenditure Amount permitted by Section 6.02(a) with respect to such Fiscal Year, 100% of
the amount of such difference may be carried forward and used to make Capital Expenditures in the immediately succeeding Fiscal Year (but not any other years) with such amount being carried forward to be applied before the Permitted Capital
Expenditure Amount permitted by Section 6.02(a) for such immediately succeeding Fiscal Year is applied. 

  
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 ARTICLE 7 

NEGATIVE COVENANTS 

From and after the Closing Date and until the Commitments have expired or been terminated and the principal of and interest on each Loan and
all fees payable hereunder have been paid in full and all Letters of Credit have expired or terminated and all LC Disbursements shall have been reimbursed, the Borrower covenants and agrees with the Lenders that: 

Section 7.01. Limitation on Indebtedness; Certain Equity Securities. 

(a) The Borrower shall not, and shall not permit any Restricted Subsidiary to, incur or be liable with respect to (i) any Indebtedness of
a type described in clause (i), (ii), (iii) or (iv) of the definition of “Indebtedness” in Section 1.01 or (ii) any Guarantee of any such Indebtedness described in clause (i) above, except: 

(i) Indebtedness outstanding under the Financing Documents; 

(ii) Indebtedness existing on the Second Amendment and Restatement Date and set forth in Schedule 7.01 and any Permitted
Refinancing thereof; 
 (iii) Capital Lease Obligations incurred or assumed after the Closing Date; provided that the
aggregate outstanding principal amount of Indebtedness permitted by this clause (iii) and by clause (iv) shall not at any time exceed the greater of $125,000,000 and 3.25% of Consolidated Total Assets determined as of the date of the most
recent incurrence of Indebtedness in reliance on this clause (iii); 
 (iv) Indebtedness incurred or assumed after the
Closing Date for the purpose of financing all or any part of the cost of acquiring or constructing an asset of the Borrower or a Restricted Subsidiary; provided that (A) such Indebtedness is secured by a Lien on such asset that is permitted by
Section 7.02(f) and (B) the aggregate outstanding principal amount of all Indebtedness permitted by clause (iii) and this clause (iv) shall not at any time exceed the greater of $125,000,000 and 3.25% of Consolidated Total Assets
determined as of the date of the most recent incurrence of Indebtedness in reliance on this clause (iv); 
 (v) (x)
Indebtedness of any Person that becomes a Restricted Subsidiary after the Closing Date in connection with an Acquisition; provided that such Indebtedness was outstanding before such Person became a Restricted Subsidiary and was not incurred in
contemplation thereof and (y) any Permitted Refinancing thereof; 
 (vi) Permitted Intercompany Indebtedness; provided
that, in the case of Permitted Intercompany Indebtedness under which a Restricted Subsidiary that is not a Subsidiary Guarantor is the obligor, such Permitted Intercompany Indebtedness shall be permitted to the extent permitted under Section
7.08(a); 
 (vii) Guarantees by the Borrower or any Restricted Subsidiary in respect of Indebtedness of the Borrower or any
Restricted Subsidiary so long as the Borrower or the Restricted Subsidiary providing the Guarantee would have otherwise been permitted to incur the Indebtedness represented by such Guarantee under this Agreement; 

  
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 (viii) Indebtedness consisting of (A) trade obligations or (B) accrued
current liabilities for services rendered to the Borrower or any Restricted Subsidiary, in each case, arising in the ordinary course of business; 

(ix) Indebtedness under Interest Rate Agreements (including Designated Interest Rate Agreements) of the Borrower or any
Restricted Subsidiary relating to Indebtedness permitted to be incurred and outstanding under this Section 7.01 and entered into in the ordinary course of business for the purpose of limiting interest rate risks and not for speculation; 

(x) Indebtedness owed in respect of any overdrafts and related liabilities arising from treasury, depository and cash
management services or in connection with any automated clearing-house transfers of funds; 
 (xi) other Indebtedness in an
aggregate outstanding principal amount such that the Total Leverage Ratio is equal to or less than 5.75:1.00 on a Pro Forma Basis after giving effect to such incurrence (provided, that any proceeds of such debt incurrence and any other
substantially simultaneous debt incurrence shall not be netted from Consolidated Total Indebtedness for purposes of calculating the Total Leverage Ratio) determined as of the date of the most recent incurrence of Indebtedness in reliance on this
clause (xi); provided such Indebtedness (a) does not mature or have scheduled amortization or payments of principal and is not subject to mandatory redemption or prepayment (except customary asset sale or change of control provisions),
in each case prior to the date that is 91 days after the Maturity Date at the time such Indebtedness is incurred and (b) has covenants, events of default and remedies no more restrictive (taken as a whole) to the Borrower than the terms of this
Agreement; provided, further, that the Borrower shall have delivered a certificate of a Financial Officer to the Administrative Agent at least five Business Days prior to the incurrence of such Indebtedness, together with a reasonably
detailed description of the material terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the Borrower has reasonably determined in good faith that such terms and conditions satisfy the foregoing
requirements (and such certificate shall be conclusive evidence that such terms and conditions satisfy the foregoing requirements unless the Administrative Agent notifies the Borrower within such five Business Day period that it disagrees with such
determination (including a reasonably detailed description of the basis upon which it disagrees)); provided further that, at the time of and immediately after giving effect to such incurrence (x) no Default shall have occurred and be
continuing and (y) the aggregate outstanding principal amount of Indebtedness of Restricted Subsidiaries that are not Subsidiary Guarantors permitted by this clause (xi) shall not at any time exceed the greater of $100,000,000 and 2.50% of
Consolidated Total Assets determined as of the date of the most recent incurrence of Indebtedness in reliance on this subclause (y); 

(xii) other Indebtedness in an aggregate principal amount not exceeding (A) the greater of $150,000,000 and 4.00% of
Consolidated Total Assets determined as of the date of the most recent incurrence of Indebtedness in reliance on this subclause (A) and (B) in the case of Subordinated Indebtedness, an aggregate principal amount not exceeding the greater
of $300,000,000 and 8.00% of Consolidated Total Assets determined as of the date of the most recent incurrence of Indebtedness in reliance on this subclause (B); 

(xiii) Indebtedness (not guaranteed by any Subsidiary of the Borrower that is not a Subsidiary Guarantor) under the Senior
Notes in an aggregate principal amount not to exceed $500,000,000 and Permitted Refinancings thereof; 

  
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 (xiv) Indebtedness of the Borrower and the Subsidiary Guarantors under the Term
Loan Facility in an aggregate principal amount not to exceed the sum of (A) $1,000,000,000 plus (B) the amount of any “Incremental Term Loans” (as defined in the Term Loan Facility) permitted under Section 2.18(a) of the
Term Loan Facility as in effect on the Third Amendment and Restatement Date; provided that the Weighted Average Life to Maturity of the Term Loan Facility outstanding under this clause (xiv) shall not be made shorter or earlier by operation of
any amendment, amendment and restatement, supplement, modification, replacement, refunding or refinancing thereof; 
 (xv)
[Reserved]; 
 (xvi) [Reserved]; 

(xvii) Indebtedness incurred to finance any Acquisition or Investment permitted under Section 7.08 (provided that
such Acquisition or Investment shall have resulted in the acquisition of 100%, by merger or otherwise, of the issued and outstanding voting Equity Interests in, or assets constituting, an operating Healthcare Facility or a business line or division
of any other Person, and such Person, if required by Section 5.08, shall have become a Subsidiary Guarantor and Section 5.09 shall have been complied with to the reasonable satisfaction of the Administrative Agent and the Collateral Agent)
and any Permitted Refinancing thereof; provided that (1) (A) no Event of Default under Section 8.01(a) or (m) shall have occurred and be continuing, (B) the Borrower shall be in compliance with the financial covenants
set forth in Section 6.01 on a Pro Forma Basis (if the Borrower so elects, as of the date the definitive agreement is entered into with respect to the transaction to be financed by such Indebtedness after giving pro forma effect to such
acquisition and the incurrence of such Indebtedness as if each occurred on such date), (C) the Borrower shall have delivered to the Administrative Agent a certificate of a Financial Officer to the effect set forth in clauses (A) and
(B) above setting forth reasonably detailed calculations demonstrating compliance with subclauses (A) and (B) above, (2) such Indebtedness taken together with all other outstanding Indebtedness incurred under this
Section 7.01(a)(xvii), shall not have a Weighted Average Life to Maturity shorter than the Weighted Average Life to Maturity of the Indebtedness outstanding under the Term Loan Facility on the date of the incurrence of such Indebtedness;
provided that in any event, any Indebtedness incurred pursuant to this Section 7.01(a)(xvii) to finance, in whole or in part, the Gentiva Acquisition shall have a Weighted Average Life to Maturity no shorter than that of the Term Loan
Facility on the date of the incurrence of such Indebtedness and (3) if such Indebtedness is incurred by a Restricted Subsidiary that is not a Subsidiary Guarantor, such Indebtedness is not guaranteed in any respect by the Borrower or any
Subsidiary Guarantors except to the extent permitted under Section 7.08(a) and the principal amount thereof shall not exceed the greater of $100,000,000 and 2.50% of Consolidated Total Assets determined as of the date of the most recent
incurrence of Indebtedness in reliance on this subclause (3); and 
 (xviii) Indebtedness arising from agreements of the
Borrower or any Restricted Subsidiary providing for indemnification, adjustment of purchase price or similar obligations, in each case entered into in connection with Acquisitions or other Investments and the disposition of any business, assets or
Equity Interests permitted hereunder, other than Guarantees incurred by any Person acquiring all or any portion of such business, assets or Equity Interests for the purpose of financing such acquisition. 

(b) The Borrower shall not issue any preferred stock or other preferred Equity Interests other than Qualified Equity Interests of the
Borrower. 

  
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 (c) The Borrower shall not permit any Restricted Subsidiary to issue any preferred stock or other
preferred Equity Interests other than to the Borrower or any other Restricted Subsidiary. 
 Section 7.02. Negative Pledge. The
Borrower shall not, and shall not permit any Restricted Subsidiary to, create, assume or suffer to exist any Lien on any asset now owned or hereafter acquired by it (or any income therefrom or any right to receive income therefrom), except: 

(a) Liens created pursuant to the Collateral Documents; 

(b) any Lien on any property or asset of the Borrower or any Restricted Subsidiary existing on the Second Amendment and
Restatement Date and set forth in Schedule 7.02; provided that (i) such Lien shall not apply to any other property or asset of the Borrower or any Restricted Subsidiary and (ii) such Lien shall secure only those obligations which it
secures on the Second Amendment and Restatement Date; 
 (c) any Lien existing on any asset prior to the acquisition thereof
by the Borrower or a Restricted Subsidiary; provided that such Lien was not created in contemplation of such event and does not extend to any other property of the Borrower or any Restricted Subsidiary; 

(d) any Lien existing on any asset of any Person at the time such Person becomes a Restricted Subsidiary or merges into the
Borrower or any of its Restricted Subsidiaries in connection with an Acquisition; provided that such Lien was not created in contemplation of such event and does not extend to any other property of the Borrower or any Restricted Subsidiary;

 (e) Liens upon the assets of the Borrower and its Restricted Subsidiaries subject to Capital Lease Obligations to the
extent incurred or assumed after the Closing Date in reliance on Section 7.01(a)(iii); provided that (i) such Liens only serve to secure the payment of Indebtedness arising under such Capital Lease Obligation, (ii) the Lien
encumbering the asset giving rise to the Capital Lease Obligation does not encumber any other asset of the Borrower or any Restricted Subsidiary and (iii) the aggregate outstanding principal amount of all Indebtedness secured pursuant to this
clause (e) and clause (f) after the Closing Date shall not exceed the greater of $100,000,000 and 2.50% of Consolidated Total Assets determined as of the date of the most recent creation of a Lien in reliance on this clause (e); 

(f) any Lien on any asset securing Indebtedness incurred or assumed for the purpose of financing all or any part of the cost of
acquiring or constructing such asset; provided that (i) such Lien attaches to such asset concurrently with or within 180 days after the acquisition or completion of construction thereof and attaches to no asset other than such asset so
financed and (ii) the aggregate outstanding principal amount of all Indebtedness secured pursuant to clause (e) and this clause (f) after the Closing Date shall not exceed the greater of $100,000,000 and 2.50% of Consolidated Total
Assets determined as of the date of the most recent creation of a Lien in reliance on this clause (f); 
 (g) Liens securing
Indebtedness of the Borrower or a Restricted Subsidiary to the Borrower or any other Restricted Subsidiary; provided that such Liens, if they are on Collateral, are subordinated to the Liens securing the Obligations on terms satisfactory to
the Administrative Agent; 
 (h) any Lien arising out of any Permitted Refinancing; provided that the principal amount
of such Indebtedness is not increased and such refinanced Indebtedness is not secured by any additional assets; 

  
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 (i) Permitted Encumbrances; 

(j) other Liens securing Indebtedness or other obligations in an aggregate amount not exceeding $25,000,000 at any time
outstanding; provided that any Indebtedness or other obligations secured by such other Liens on the Collateral (i) shall not exceed $5,000,000 at any time outstanding and (ii) shall either (A) be secured on a junior priority
basis to the Liens on the Collateral securing the Secured Obligations or (B) cause the Borrowing Base to be reduced by the amount of the obligations secured by such Liens on the Collateral; 

(k) so long as the same is subject to the Term Loan Intercreditor Agreement in the capacity of Fixed Asset Obligations, Liens
on Collateral securing Indebtedness incurred pursuant to Section 7.01(a)(xiv); 
 (l) [Reserved]; 

(m) so long as the Borrower’s Senior Secured Leverage Ratio shall be equal to or less than 3.50:1.00 on a Pro Forma Basis
(including the incurrence of any Indebtedness under Section 7.01(a)(xvii) then being incurred)) (i) Liens placed upon the Equity Interests of any Restricted Subsidiary to secure Indebtedness incurred pursuant to Section 7.01(a)(xvii)
in connection with the acquisition of such Restricted Subsidiary and (ii) Liens placed upon the assets of such Restricted Subsidiary or any of its Subsidiaries to secure Indebtedness (or to secure a Guarantee of such Indebtedness), in either
case incurred pursuant to Section 7.01(a)(xvii) in connection with the acquisition of such Restricted Subsidiary; provided that such Liens shall be subject to the Term Loan Intercreditor Agreement in the capacity of, or on terms
substantially the same as are applicable to, Fixed Asset Obligations; 
 (n) the modification, replacement, extension or
renewal of any Lien permitted by (b), (d), (e), (f) and (m) of this Section 7.02 upon or in the same assets theretofore subject to such Lien (other than after-acquired property that is affixed or incorporated into the property covered
by such Lien or financed by Indebtedness permitted under Section 7.01 and proceeds and products thereof) or the Permitted Refinancing thereof or other obligations secured thereby as and to the extent permitted by Section 7.01; 

(o) Liens deemed to exist by reason of (x) any encumbrance or restriction (including put and call arrangements) with
respect to the Equity Interests of any joint venture or similar arrangement pursuant to any joint venture or similar agreement (including any Minority-Owned Affiliates) or (y) any encumbrance or restriction imposed under any contract for the
sale by the Borrower or any of its Subsidiaries of the Equity Interests of any Subsidiary, or any business unit or division of the business or any Subsidiary permitted under this Agreement; provided that in each case such Liens shall extend
only to the relevant Equity Interests; and 
 (p) so long as the same is subject to the Term Loan Intercreditor Agreement in
the capacity of Fixed Asset Obligations, other Liens on Collateral securing Indebtedness permitted to be incurred under Section 7.01(xi); provided that (i) on a Pro Forma Basis after giving effect to such incurrence, the Senior
Secured Leverage Ratio would be equal to or less than 3.50:1.00 (provided that any proceeds of such debt incurrence and any other substantially simultaneous debt incurrence shall not be netted from Consolidated Senior Secured Indebtedness for
purposes of calculating the Senior Secured Leverage Ratio). 

  
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 Section 7.03. Consolidations, Mergers and Asset Sales. 

(a) The Borrower shall not, and shall not permit any Restricted Subsidiary to, consolidate or merge with or into, or sell, lease or otherwise
dispose of all or substantially all of its assets to, any other Person, or liquidate or dissolve, except that: 
 (i) the
Borrower may merge with any Person if the Borrower is the surviving corporation and, immediately after such merger (and giving effect thereto), no Default shall have occurred and be continuing; 

(ii) any Restricted Subsidiary may merge or consolidate with or into any Person (other than the Borrower, except in a
transaction permitted by clause (i) above) and any Restricted Subsidiary may transfer all or substantially all of its assets to any Person, in each case if, immediately after such transaction (and giving effect thereto), no Default shall have
occurred and be continuing (provided that, with respect to any such transaction to consummate an Investment permitted under Section 7.08, the requirement under this clause (ii) shall be that no Event of Default under
Section 8.01(a) or (m) shall have occurred and be continuing) and (A) the surviving corporation or transferee is a Restricted Subsidiary (and, if a Restricted Subsidiary that is a Subsidiary Guarantor is a party to such transaction,
such Subsidiary Guarantor is the surviving Person in such transaction), (B) such merger, consolidation or transfer of all or substantially all assets is in conjunction with a disposition by the Borrower and its Restricted Subsidiaries of their
entire investment in such Restricted Subsidiary and such disposition is otherwise permitted by this Section 7.03, (C) the Required Lenders shall have consented to such transaction, (D) such transaction is permitted by
Section 7.03(c) or (E) such transaction complies with Section 7.03(c)(i) and is solely in respect of any Specified Property; and 

(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 adverse in any material respect to the Lenders. 
 (b) If the
Borrower and its Restricted Subsidiaries dispose of their entire investment in any Restricted Subsidiary as permitted by subsection (a) above, the Agent shall at the Borrower’s request, concurrently with or at any time after such
disposition, release all Security Interests in Equity Interests in such Restricted Subsidiary granted by the Borrower and its Restricted Subsidiaries to the Agent; provided that any such release shall be in form and substance reasonably
satisfactory to the Agent and so long as Borrower shall have provided the Agent such certifications or documents as the Agent may reasonably request in order to demonstrate compliance with this Agreement. In addition (i) such Restricted
Subsidiary’s Subsidiary Guaranty shall be automatically released and it shall cease to be a party to the Security Agreement, in each case concurrently with such disposition, and (ii) the Agent shall at the Borrower’s request,
concurrently with or at any time after such disposition, release all Security Interests granted by such Restricted Subsidiary to secure its Subsidiary Guaranty and return to such Restricted Subsidiary any of its assets held by the Agent under the
Collateral Documents; provided that any such release shall be in form and substance reasonably satisfactory to the Agent and so long as Borrower shall have provided the Agent such certifications or documents as the Agent may reasonably
request in order to demonstrate compliance with this Agreement. 
 (c) The Borrower shall not, and shall not permit any Restricted
Subsidiary to, make any Asset Sale (other than of the Specified Properties), unless: 
 (i) the consideration received from
such Asset Sale shall be in an amount at least equal to the fair market value thereof (as determined in good faith by the Borrower or such 

  
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Restricted Subsidiary (which determination, if the sale price exceeds $25,000,000, shall be evidenced by a resolution of the Borrower’s or such Restricted Subsidiary’s Board of
Directors) as at the time of such Asset Sale); and 
 (ii) immediately after such Asset Sale is consummated, (x) at
least 75% of the aggregate consideration received for all Asset Sales consummated after the Second Amendment and Restatement Date in reliance on this clause (c) shall be in the form of cash or cash equivalents (provided that, for
purposes of determining what constitutes cash under this clause (x), (I) any liabilities (as shown on the Borrower’s or such Restricted Subsidiary’s most recent balance sheet provided hereunder or in the footnotes thereto) of the
Borrower or such Restricted Subsidiary, other than liabilities that are by their terms subordinated to the payment in cash of the Obligations, that are assumed by the transferee with respect to the applicable Asset Sale and for which the Borrower
and all of the Restricted Subsidiaries shall have been validly released by all applicable creditors in writing, (II) any securities received by the Borrower or such Restricted Subsidiary from such transferee that are converted by the Borrower or
such Restricted Subsidiary into cash (to the extent of the cash received) within 180 days following the closing of the applicable Asset Sale and (III) any Designated Non-Cash Consideration received by the Borrower or such Restricted Subsidiary in
respect of such Disposition having an aggregate fair market value, taken together with all other Designated Non-Cash Consideration received pursuant to this Section 7.03(c) that is at that time outstanding, not in excess of the greater of
$70,000,000 and 1.75% of Consolidated Total Assets determined as of the date of the most recent receipt of such Designated Non-Cash Consideration, with the fair market value of each item of Designated Non-Cash Consideration being determined in good
faith by the Borrower at the time received and without giving effect to subsequent changes in value, shall, in each case, be deemed to be cash) and (y) the aggregate book value of all assets sold pursuant to Asset Sales consummated after the
Second Amendment and Restatement Date in reliance on this clause (c) would not exceed an amount equal to 15% of the Consolidated Total Assets of the Borrower and its Restricted Subsidiaries as shown on the Most Recent Financial Statements; 

provided that except in the case of a Qualified Transaction, any sale or other transfer of, or any release of Liens relating to, any
Accounts or any books or records relating thereto in connection with any Asset Sale will require the prior written consent of the Required Lenders. For purposes of Section 7.03(c)(ii), the book value of the assets disposed of in each
transaction shall be the book value of such assets on the books of the Borrower or the relevant Restricted Subsidiary, as applicable, immediately before such disposition. 

(d) Notwithstanding anything in this Section 7.03 to the contrary, so long as no Event of Default has occurred and is continuing, the
Borrower or any Restricted Subsidiary may make (i) any Asset Sale set forth in Schedule 7.03(d) hereto, (ii) Permitted Delinquent Account Assignments and (iii) Asset Sales of the Specified Properties. 

Section 7.04. Limitations on Transactions with Affiliates. The Borrower shall not, and shall not permit any Restricted Subsidiary to,
directly or indirectly, pay any funds to or for the account of, make any Investment in, lease, sell, transfer or otherwise dispose of any assets, tangible or intangible, to, or participate in, or effect any transaction in connection with any joint
enterprise or other joint arrangement with, any Affiliate; provided that the foregoing shall not prohibit: 
 (a) the
Borrower or any Restricted Subsidiary from performing its obligations under the Existing Affiliate Agreements; 

  
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 (b) the Borrower or any Restricted Subsidiary from making any Investment
permitted by Section 7.08; 
 (c) transactions (i) involving payments or consideration that do not exceed $5.0
million or (ii) not materially less favorable to the Borrower or such Restricted Subsidiary, as the case may be, when taken as a whole, than those that would have been obtained in a comparable transaction at the time of such transaction on an
arm’s length basis with a Person who is not an Affiliate; provided that in the event such Affiliate Transaction involves an aggregate consideration in excess of $25,000,000, the terms of such transaction have been approved by a majority
of the disinterested members of the board of directors of the Borrower and the board of directors of the Borrower shall have determined in good faith that such transaction satisfies the criteria in this clause (ii); 

(d) transactions between or among any of the Credit Parties and the Restricted Subsidiaries not involving any other Affiliate;

 (e) the Borrower or any Restricted Subsidiary from making payments of principal, interest and premium on any of its
Indebtedness held by an Affiliate if the terms of such Indebtedness are substantially as favorable to the Borrower or such Restricted Subsidiary as the terms which could have been obtained at the time of the creation of such Indebtedness from a
lender which was not an Affiliate; 
 (f) to the extent permitted by Section 7.08, the Borrower or any Restricted
Subsidiary from participating in, or effecting any transaction in connection with, any joint enterprise or other joint arrangement with any Affiliate if the Borrower or such Restricted Subsidiary participates in the ordinary course of its business
and on a basis no less advantageous than the basis on which such Affiliate participates; 
 (g) the Borrower or any
Restricted Subsidiary from maintaining, entering into or adopting any executive or employee incentive or compensation plan, contract or other arrangement (including any loans or extensions of credit in connection therewith to the extent permitted by
Section 7.08), or any arrangement to terminate any of the foregoing, if such plan, contract, or arrangement (i) has been or is approved either (x) at any time by the shareholders of the Borrower in accordance with such voting
requirements as may be applicable or (y) at any time by the board of directors of the Borrower or such Restricted Subsidiary (or a duly constituted committee of such board), (ii) is immaterial in amount, or (iii) is maintained,
entered into or adopted in the ordinary course of business of the Borrower or any Restricted Subsidiary; 
 (h) to the extent
permitted by Section 7.08, the Borrower or any Restricted Subsidiary from making any loan, guarantee or other accommodation in accordance with the Borrower’s policies and practices concerning employee relocation in the ordinary course of
its business; 
 (i) any Restricted Payments permitted by Section 7.07; and 

(j) transactions not constituting Investments or Restricted Payments and involving payments, transfers of property or other
obligations with a fair value not to exceed, for all such transactions after the Second Amendment and Restatement Date, $5,000,000. 

Section 7.05. Limitation on Restrictions Affecting Subsidiaries. The Borrower shall not, and shall not permit any Restricted Subsidiary
to, enter into, or suffer to exist, any agreement (other than the Financing Documents, the documents governing the Term Loan Facility and any Existing Affiliate 

  
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Agreements and, in the case of clause (c), the Master Lease Agreements and any Indebtedness permitted hereunder to be secured by the Collateral and that is subject to the Term Loan Intercreditor
Agreement in the capacity of Fixed Asset Obligations) which prohibits or limits the ability of any Restricted Subsidiary to (a) pay dividends or make any other distributions or pay any Indebtedness owed to the Borrower or any other Restricted
Subsidiary; (b) make loans or advances to the Borrower or any other Restricted Subsidiary or (c) in the case of any Subsidiary Guarantor, create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues,
whether now owned or hereafter acquired, that is or would be required hereunder to be Collateral securing the obligations of the Borrower and the Subsidiary Guarantors under the Financing Documents; provided that the foregoing shall not
prohibit any such prohibition or limitation contained in: 
 (i) any document relating to Indebtedness secured by a Lien
permitted by Section 7.02, insofar as the provisions thereof limit grants of junior liens on the assets securing such Indebtedness; 

(ii) any operating lease or Capital Lease, insofar as the provisions thereof limit grants of a Security Interest in, or other
assignments of, the related leasehold interest to any other Person; and 
 (iii) if a Person becomes a Restricted Subsidiary
after the Closing Date, any agreement that is binding on such Person and was not entered into in contemplation of its becoming a Restricted Subsidiary, insofar as such agreement limits such Person’s ability to take any action described in
clause (a), (b) or (c) of this Section, provided that either: 
 (1) such limitation is terminated within 60 days
after such Person becomes a Restricted Subsidiary; or 
 (2) not more than 5% of Consolidated EBITDAR for any period of four
consecutive Fiscal Quarters is attributable, in the aggregate, to Persons that become Restricted Subsidiaries after the Closing Date and remain subject to such limitations more than 60 days after becoming Restricted Subsidiaries. 

Section 7.06. Limitation on Sale or Issuance of Equity Interests of Subsidiaries. The Borrower shall not, and shall not permit any
Restricted Subsidiary to, directly or indirectly, sell or issue any Equity Interests of a Restricted Subsidiary unless: 

(a) the sale or issuance is to the Borrower or another Restricted Subsidiary; 

(b) in the case of a Restricted Subsidiary that is not a Wholly Owned Subsidiary, the sale or issuance is to its existing
holders of Equity Interests in such Restricted Subsidiary pursuant to its charter or similar documents or agreements binding on such Restricted Subsidiary to the extent permitted under Section 7.07; or 

(c) (i) if, after giving effect to the sale or issuance, the Restricted Subsidiary would no longer be a Restricted Subsidiary,
all remaining Investments of the Borrower and the Restricted Subsidiaries in such former Restricted Subsidiary (valued at an amount equal to the Borrower’s remaining proportional share of the fair market value of such former Restricted
Subsidiary’s assets less liabilities), if deemed made at that time, would be permitted under Section 7.08 and (ii) the Borrower complies with Section 7.03(c) with respect to the sale or issuance. 

  
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 Section 7.07. Restricted Payments. 

(a) The Borrower shall not, and shall not permit any Restricted Subsidiary to, declare or make any Restricted Payment on or after the Second
Amendment and Restatement Date, except that: 
 (i) any Restricted Subsidiary may declare and make Restricted Payments to the
Borrower or any other Restricted Subsidiary, but in the case of a Restricted Payment by a Restricted Subsidiary that is not a Wholly Owned Subsidiary, such Restricted Payment is made on a pro rata basis among equity holders holding the same series
of Equity Interests in respect of which such Restricted Payment was made, subject to any tax-related adjustment as set forth in its charter or similar documents or agreements binding on such Restricted Subsidiary; 

(ii) (1) the Borrower may purchase, redeem or otherwise acquire or retire for value any of its Equity Interests held by
officers, directors or employees or former officers, directors or employees (or their estates or beneficiaries under their estates), upon death, disability, retirement, severance or termination of employment in an amount not to exceed $5,000,000 in
any Fiscal Year (with unused amounts in such Fiscal Year permitted to be carried over into succeeding Fiscal Years); and (2) the Borrower may repurchase any of its Equity Interests deemed to occur upon cashless exercise of stock options or
warrants held by officers, directors or employees or former officers, directors or employees (or their estates or beneficiaries under their estates) if such Equity Interests represent a portion of the exercise price, or withholding taxes payable in
connection with the exercise, of such options or warrants; 
 (iii) the Borrower may, in connection with the payment of a
dividend on its shares of common stock that is payable in additional shares of such common stock, pay cash in lieu of delivering fractional shares of such common stock; 

(iv) the Borrower may make additional Restricted Payments in an aggregate amount not to exceed, together with the aggregate
amount of prepayments of Junior Debt made pursuant to Section 7.12(i)(I), the greater of (x) $175,000,000 and (y) 4.50% of Consolidated Total Assets determined as of the date of the most recent Restricted Payment made in reliance on
this clause (iv); 
 (v) the Borrower may redeem in whole or in part any of its Equity Interests for another class of its
Equity Interests or rights to acquire its Equity Interests or with proceeds from substantially concurrent issuances of its Qualified Equity Interests; provided that any terms and provisions material to the interests of the Lenders, when taken
as a whole, contained in such other class of Equity Interests are at least as advantageous to the Lenders as those contained in the Equity Interests redeemed thereby; 

(vi) the Borrower and the Restricted Subsidiaries may make Restricted Payments to consummate the Transactions; 

(vii) the payment of any dividend or distribution within 60 days after the date of declaration thereof, if at the date of
declaration (x) such payment would have complied with the provisions of this Agreement and (y) no Default occurred and was continuing; 

(viii) the payment of dividends in an amount not to exceed $50,000,000 in any Fiscal Year (with unused amounts in any Fiscal
Year permitted to be carried over to succeeding Fiscal Years, but subject to a maximum of $60,000,000 in any Fiscal Year); and 

  
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 (ix) if the Available Amount Conditions have been met, additional Restricted
Payments may be made in an amount up to the Available Amount (determined, with respect to each such Restricted Payment made in reliance on this clause (ix), solely as of the date it is made); 

provided that Restricted Payments may be declared and made pursuant to clause (ii), (iii), (iv), (viii) or (ix) only if at the time of, and
after giving effect to, the Restricted Payment, no Default shall have occurred and be continuing. 
 (b) The Borrower will not, and
will not permit any Restricted Subsidiary to, furnish any funds to or make any Investment in an Unrestricted Subsidiary or other Person for purposes of enabling it to make any Restricted Payment that could not be made directly by the Borrower or a
Restricted Subsidiary in accordance with the provisions of this Section. 
 Section 7.08. Limitations on Acquisitions and
Investments. 
 (a) The Borrower shall not, and shall not permit any Restricted Subsidiary to, make any Acquisitions or make, acquire or
hold any other Investments, except: 
 (i) Permitted Investments; 

(ii) Acquisitions involving Healthcare Facilities to the extent the consideration therefor consists of Qualified Equity
Interests of the Borrower; 
 (iii) Acquisitions of the Specified Properties; 

(iv) Investments funded with Casualty Proceeds to the extent such Investments are effected to replace or rebuild the asset in
respect of which such Casualty Proceeds were received; 
 (v) consistent with the provisions of this Agreement, (A) any
Restricted Subsidiary that is not a Subsidiary Guarantor may make Investments in the Borrower or any other Restricted Subsidiary of the Borrower, (B) the Borrower may make Investments in any Restricted Subsidiary that is a Subsidiary Guarantor,
(C) any Subsidiary Guarantor may make Investments in the Borrower or any Restricted Subsidiary that is a Subsidiary Guarantor and (D) the Borrower or any Subsidiary Guarantor may make Investments in any Restricted Subsidiary that is not a
Subsidiary Guarantor (limited in the case of this clause (D) to Investments in an aggregate amount outstanding at any time not to exceed $50,000,000); provided that, in each case, (1) each item of intercompany Indebtedness pursuant
to clause (D) shall be evidenced by a promissory note (which shall be substantially in the form of Exhibit F hereto), (2) each promissory note evidencing intercompany loans and advances made by a Restricted Subsidiary that is not a
Subsidiary Guarantor to a Subsidiary Guarantor or the Borrower shall contain the subordination provisions set forth in Exhibit G and (3) each promissory note evidencing intercompany loans and advances shall be pledged to the Collateral
Agent pursuant to the Security Agreement to the extent required thereby; 
 (vi) other Investments not otherwise permitted by
this Section 7.08 in an aggregate amount outstanding at any time not to exceed the greater of (x) $100,000,000 and (y) 2.50% of Consolidated Total Assets determined as of the date of the most recent Investment made in reliance on this
clause (vi); 
 (vii) Investments made pursuant to the Transactions; 

  
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 (viii) Investments held by a Restricted Subsidiary acquired after the Closing
Date or of a Person merged into the Borrower or merged or consolidated with a Restricted Subsidiary as permitted hereunder after the Closing Date to the extent that such Investments were not made in contemplation of or in connection with such
acquisition, merger or consolidation and were in existence on the date of such acquisition, merger or consolidation; 
 (ix)
Investments consisting of extensions of trade credit or loans or advances in the ordinary course of business; and 
 (x) if
the Available Amount Conditions have been met, other Investments in an amount up to the Available Amount (determined with respect to each Investment made in reliance on this clause (x) solely as of the date it is made). 

(b) Notwithstanding the foregoing, the Borrower and its Restricted Subsidiaries may make unlimited Investments in Healthcare Facilities and
Healthcare Related Businesses and assets incidental thereto if, at the time of, and after giving effect to, each such Investment (A) (i) no Event of Default under Section 8.01(a) or (m) shall have occurred and be continuing or
would result therefrom and (ii) the Borrower shall be in compliance with the financial covenants set forth in Section 6.01 on a Pro Forma Basis (if the Borrower so elects, as of the date the definitive agreement is entered into with
respect to the transaction to be financed by such Indebtedness after giving pro forma effect to such acquisition and the incurrence of such Indebtedness as if each occurred on such date), (B) other than with respect to Investments in
Unrestricted Subsidiaries (other than Cornerstone and the Excluded Partnerships) and Specified Joint Ventures, the aggregate amount of consideration expended on all such Investments pursuant to this Section 7.08(b) that is derived from the
Borrower and the Subsidiary Guarantors to make Investments in Persons that will not upon the applicable Investment become Subsidiary Guarantors or to make Investments in assets that will not upon the applicable Investment be held by the Borrower or
a Subsidiary Guarantor shall not (measured at the time of each Investment pursuant to this Section 7.08(b)) exceed the greater of (x) $250,000,000 and (y) 6.50% of Consolidated Total Assets determined as of the date of the most recent
Investment made in reliance on this subclause (B) and (C) for any Investment in an amount exceeding $25,000,000, the Borrower shall have delivered to the Administrative Agent a certificate of a Financial Officer setting forth reasonably
detailed calculations demonstrating compliance with subclause (A)(ii) above. 
 (c) For purposes of this Section 7.08, any Investment
shall be deemed to be outstanding to the extent not returned in the same form as the original Investment (or cash) to Borrower or any Restricted Subsidiary that is a Subsidiary Guarantor. 

Section 7.09. No Change of Fiscal Periods. The Borrower shall not change the date on which any of its Fiscal Years or Fiscal Quarters
ends, unless the Required Lenders shall have consented to such change (which consent may be conditioned on the amendment of any covenant herein that would be affected by such change to eliminate the effect thereof). 

Section 7.10. Limitation on Business. 

(a) The Borrower shall not engage in any activities other than (i) owning Equity Interests in Cornerstone and other Subsidiaries that
own, operate or manage Healthcare Facilities, and financing activities and other activities reasonably related to such ownership and (ii) Healthcare Related Businesses. 

(b) The Borrower shall not permit any of its Restricted Subsidiaries to engage in any business, other than (i) the business of owning,
operating or managing Healthcare Facilities and any business reasonably incidental thereto and (ii) Healthcare Related Businesses. 

  
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 Section 7.11. Limitation on Sale and Leaseback Transactions. The Borrower shall not, and
shall not permit any Restricted Subsidiary to, enter into any Sale and Leaseback Transaction with respect to any property or asset unless: 

(A) the Borrower or the Restricted Subsidiary would be entitled to: 

(1) incur Indebtedness in an amount equal to the Attributable Indebtedness with respect to such Sale and Leaseback Transaction
pursuant to Section 7.01(a), and 
 (2) create a Lien on such property or asset securing such Attributable Indebtedness
pursuant to Section 7.02, 
 in which case, the corresponding Indebtedness and Lien will be deemed incurred pursuant to those
provisions, and 
 (B) the Borrower complies with Section 7.03(c) in respect of such transaction. 

Section 7.12. No Modification of Certain Documents Without Consent; Prepayments of Indebtedness. The Borrower shall not, and shall not
permit any Restricted Subsidiary to (x) consent to or solicit any amendment or supplement to, or any waiver or other modification of any Master Lease Agreement, if the effect thereof could reasonably be expected to cause a Material Adverse
Effect or (y) amend, waive or modify any document governing any unsecured Indebtedness, Subordinated Indebtedness or (other than Indebtedness under the Term Loan Facility) any Indebtedness secured by a Lien on any of the Collateral that is
junior to any of the Liens on the Collateral securing the Secured Obligations in a manner materially adverse to the Lenders. Neither the Borrower nor any of its Restricted Subsidiaries will (i) (A) redeem, purchase, prepay, retire, defease
or otherwise acquire for value (other than exchanges solely for Qualified Equity Interests), prior to scheduled maturity, scheduled repayment or scheduled sinking fund payment, any Subordinated Indebtedness or unsecured Indebtedness (collectively,
“Junior Debt”), or set aside any funds for such purpose, whether such redemption, purchase, prepayment, retirement or acquisition is made at the option of the maker or at the option of the holder thereof, and whether or not any such
redemption, purchase, prepayment, retirement or acquisition is required under the terms and conditions applicable to such Junior Debt or (B) make any cash interest payment in respect of Junior Debt (other than regularly scheduled interest
payments as and when due in respect of Junior Debt permitted under this Agreement if such payments are not then prohibited by the subordination provisions thereof, if any, which shall be permitted), other than, (x) in the case of each of
clauses (A) and (B), (I) in an amount not to exceed, together with the aggregate amount of Restricted Payments made in reliance on Section 7.07(a)(iv), the greater of $175,000,000 and 4.50% of Consolidated Total Assets determined as
of the date of the most recent Restricted Payment made in reliance on this subclause (I) and (II) if the Available Amount Conditions have been met, in an amount up to the Available Amount (determined solely as of the date such payment under
this Section 7.12(i)(II) is made) or (y) in the case of clause (A), Permitted Refinancings of the Senior Notes and any Permitted Refinancings thereof; or (ii) release, cancel, compromise or forgive in whole or in part any Indebtedness
evidenced by any Intercompany Note (unless either the Borrower or a Subsidiary Guarantor hereunder is the obligor with respect to such Indebtedness or the release, cancellation, compromise or forgiveness thereof is otherwise permitted as an
Investment in accordance with this Agreement). 
 Section 7.13. Limitation on Cash not held in Collateral Accounts. Following the
completion of the time period set forth clause (v) of Schedule 5.14(b) (as such time period may be extended in accordance with such clause), the Borrower will not permit the aggregate amount of all collected funds and Temporary Cash Investments
held by the Borrower and its Restricted Subsidiaries in accounts, other than the Collateral Accounts, to exceed $2,000,000 at the close of business on any two consecutive Business Days; provided that this Section shall not apply to deposits
with trade creditors, landlords, bonding companies and other similar deposits made in the ordinary course of business and consistent with past practice. 

  
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 Section 7.14. Limitation on Designated Interest Rate Agreements and Designated Cash Management
Obligations. The Borrower will not designate any Designated Interest Rate Agreement or Designated Cash Management Obligations as Secured Obligations for purposes of the Security Agreement if, immediately after giving effect to such designation,
the aggregate notional principal amount of all such agreements then in effect which are Secured Obligations would exceed the lesser of the aggregate amount of the Commitments at such time in effect hereunder and the Borrowing Base in effect at such
time. 
 Section 7.15. Payments for Consents. The Borrower shall not, and shall not permit any of its Subsidiaries or Affiliates to,
directly or indirectly, pay or cause to be paid any consideration, whether by way of interest, fee or otherwise, to any Lender for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this Agreement or the
other Financing Documents unless such consideration is offered to be paid or agreed to be paid to all Lenders that consent, waive or agree to amend such term or provision within the time period set forth in the solicitation documents relating to the
consent, waiver or amendment. 
 ARTICLE 8 

DEFAULTS 
 Section
8.01. Events of Default. If one or more of the following events (each, an “Event of Default”) shall have occurred and be continuing: 

(a) (i) any principal of any Loan or any reimbursement obligation in respect of any LC Disbursement shall not be paid when due,
or (ii) any interest thereon shall not be paid within one Business Day after the due date thereof, or (iii) any fee payable pursuant to Section 2.11 shall not be paid within three Business Days after the due date thereof, or
(iv) any other fee or other amount payable hereunder to or for the account of any Agent or any Lender shall not be paid within five Business Days after the due date thereof; or 

(b) the Borrower shall fail to observe or perform any covenant contained in (i) Section 5.01(q), and such failure
shall continue unremedied for a period of three Business Days, or (ii) Section 5.01(e), Article 6 or Article 7; or 

(c) the Borrower or any Subsidiary Guarantor shall fail to observe or perform any of its covenants or agreements contained in
the Financing Documents (other than those covered by clause (a) or (b) above) for 30 days after written notice thereof has been given to the Borrower by the Agent at the request of any Lender; provided that (i) if such failure
relates primarily to the operation of, or to the use, maintenance, protection, preservation or status of property with an aggregate fair market value less than or equal to $25,000,000, such failure shall not constitute an Event of Default and
(ii) in the case of any such failure relating primarily to the operation of, or to the use, maintenance, protection, preservation or status of property with an aggregate fair market value greater than $25,000,000, then if such failure relates
primarily to the operation of, or to the use, maintenance, protection, preservation or status of such property used directly in the operation of a particular Healthcare Facility that is a Master Lease Property and there is a representation, covenant
or agreement dealing with substantially the same subject matter in the applicable Master Lease Agreement, such failure shall not constitute an Event of Default pursuant to this clause (c) and instead shall be governed solely by
Section 8.01(g) below; or 

  
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 (d) any representation, warranty, certification or statement made or deemed made
by the Borrower or any Subsidiary Guarantor in any Financing Document or in any certificate, financial statement or other document delivered pursuant thereto shall prove to have been incorrect in any material respect when made or deemed made; or

 (e) the Borrower or any Restricted Subsidiary shall fail to make one or more payments (whether of principal or interest)
in respect of Material Indebtedness when due or within any period of grace applicable to such payments; or 
 (f) any event
or condition shall occur that (i) results in the acceleration of the maturity of any Material Indebtedness or (ii) enables (or, with the giving of notice or lapse of time or both, would enable) the holder or holders of Material
Indebtedness or any Person acting on behalf of such holder or holders to accelerate the maturity thereof; or 
 (g) except as
would not be reasonably expected to result in a Material Adverse Effect, any Master Lease Event of Default occurs and is continuing and pursuant to such Master Lease Event of Default, Ventas has delivered to Kindred a notice terminating such Master
Lease and such notice of termination has not been withdrawn, provided that if the only such Master Lease Events of Default that have occurred and are continuing are Facility Defaults (as defined in any Master Lease Agreement) and the number
of Material Healthcare Facilities to which such Facility Defaults relate does not exceed 15, such condition shall not constitute an Event of Default pursuant to this subsection (g); or 

(h) [Reserved]; or 

(i) any member of the ERISA Group shall fail to pay when due an amount or amounts aggregating in excess of $50,000,000 which it
shall have become liable to pay under Title IV of ERISA; or notice of intent to terminate a Material Plan shall be filed under Title IV of ERISA by any member of the ERISA Group, any plan administrator or any combination of the foregoing; or the
PBGC shall institute proceedings under Title IV of ERISA to terminate, to impose liability (other than for premiums under Section 4007 of ERISA) in respect of, or to cause a trustee to be appointed to administer any Material Plan; or a
condition shall exist by reason of which the PBGC would be entitled to obtain a decree adjudicating that any Material Plan must be terminated; or there shall occur a complete or partial withdrawal from, or a default, within the meaning of
Section 4219(c)(5) of ERISA, with respect to, one or more Multiemployer Plans which could cause one or more members of the ERISA Group to incur a current payment obligation in excess of $50,000,000; or 

(j) one or more Enforceable Judgments for the payment of money aggregating in excess of $50,000,000 shall be rendered against
the Borrower or one or more Restricted Subsidiaries and shall not have been satisfied; or 
 (k) any Lien created or
purported to be created by any of the Collateral Documents shall at any time fail to constitute a valid and perfected Lien on all of the Collateral purported to be subject to such Lien, subject to no prior or equal Lien (other than Permitted Liens),
or the Borrower or any Subsidiary Guarantor shall so assert in writing; provided that it shall not be an Event of Default under this clause (k) if the Liens in question are not valid or not perfected, or are subject to such other Liens,
only in respect of Collateral (x) with an aggregate fair market value not in excess of $25,000,000 during the term of this Agreement or (y) used directly in the operation of one or more particular Healthcare Facilities that are Master
Lease Properties and the number of such facilities does not exceed 15; or 

  
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 (l) any Subsidiary Guarantor’s Subsidiary Guaranty shall at any time fail to
constitute a valid and binding agreement of such Subsidiary Guarantor (except as expressly permitted by any Financing Document), or any Subsidiary Guarantor, or any Person acting on behalf of any Subsidiary Guarantor, shall so assert in writing; or

 (m) (i) the Borrower or any Restricted Subsidiary shall commence a voluntary case or other proceeding seeking liquidation,
reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of
it or any substantial part of its property, or shall consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding commenced against it, or shall make a general assignment
for the benefit of creditors, or shall fail generally to pay its debts as they become due, or shall take any corporate action to authorize any of the foregoing; or (ii) an involuntary case or other proceeding shall be commenced against the
Borrower or any Subsidiary Guarantor seeking liquidation, reorganization or other relief with respect to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee,
receiver, liquidator, custodian or other similar official of it or any substantial part of its property, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of 60 days; or an order for relief shall be
entered against it under the Federal bankruptcy laws as now or hereafter in effect; or 
 (n) any Person or group of Persons
(within the meaning of Section 13 or 14 of the Securities Exchange Act) shall have acquired beneficial ownership (within the meaning of Rule 13d-3 promulgated by the SEC under the Securities Exchange Act) of 50% or more of the outstanding
shares of common stock of the Borrower; or, during any period of 24 consecutive calendar months, individuals who were members of the board of directors of the Borrower on the first day of such period (together with any new directors whose election
or appointment by such members or whose nomination for election by the shareholders of the Borrower was approved by a vote of a majority of the directors then still in office who were either directors at the beginning of such period or whose
election or nomination for election was previously so approved) shall cease to constitute a majority of the board of directors of the Borrower, 
 then, and
in every such event the Agent or the Required Lenders may: 
 (i) by notice to the Borrower terminate the Commitments and
they shall thereupon terminate, 
 (ii) by notice to the Issuing Lender instruct the Issuing Lender not to extend the expiry
date of any outstanding Letter of Credit, 
 (iii) by notice to the Borrower, declare the Loans and all other amounts in
respect of the Obligations (in each case together with accrued interest thereon) to be, and they shall thereupon become, immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by
the Borrower, and 
 (iv) exercise on behalf of itself and the Lenders all rights and remedies available to it and the
Lenders under the Financing Documents or Applicable Law, 
 provided that if any event specified above in Section 8.01(m) occurs, then without
notice to the Borrower or any other act by the Agent or any Lender, the Commitments shall thereupon terminate and all the Loans and all other amounts in respect of the Obligations (in each case together with accrued interest thereon) shall become
immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower. 

  
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 Section 8.02. Notice of Default. The Agent shall give notice to the Borrower under
Section 8.01 promptly upon being requested to do so by the Required Lenders and shall thereupon notify all the Lenders thereof. 

Section 8.03. Enforcement Notice. If the Agent is (i) instructed to do so by the Required Lenders at any time after the Loans
become immediately due and payable pursuant to Section 8.01(m), or (ii) instructed to do so by the Required Lenders at any time after the Loans have been declared due and payable pursuant to Section 8.01, the Administrative Agent
shall deliver to the Collateral Agent an Enforcement Notice directing the Collateral Agent to exercise one or more specific remedies under the Collateral Documents or any other right or remedy available at law or in equity. Concurrently with the
delivery of any such Enforcement Notice to the Collateral Agent, all outstanding Loans and all other amounts in respect of the Obligations not theretofore declared due and payable shall automatically become immediately due and payable. 

ARTICLE 9 
 THE
AGENTS 
 Each of the Lenders and the Issuing Lender hereby irrevocably appoints JPMorgan Chase Bank, N.A. as its agent and
authorizes JPMorgan Chase Bank, N.A., in its capacity as Administrative Agent and Collateral Agent, (i) to sign and deliver the Collateral Documents and (ii) to take such actions on its behalf and to exercise such powers as are delegated
to the Agent by the terms of the Financing Documents, together with such actions and powers as are reasonably incidental thereto. 
 The
bank serving as the 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 Agent, and such bank and its Affiliates may accept deposits from, lend
money to and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not the Agent hereunder. 

The Agent shall not have any duties or obligations except those expressly set forth in the Financing Documents. Without limiting the
generality of the foregoing, (a) the Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) the 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 Financing Documents that the 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 under the circumstances as provided in Section 10.02), and (c) except as expressly set forth in the Financing Documents, the Agent shall not have any duty to disclose, and shall not be liable
for the failure to disclose, any information relating to the Borrower or any of its Subsidiaries that is communicated to or obtained by the bank serving as Agent or any of its Affiliates in any capacity. The 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 10.02) or in the absence of its own
gross negligence or willful misconduct. The Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof is given to the Agent by the Borrower or a Lender, and the 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 Financing 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 Financing Document, (iv) the validity, enforceability, 

  
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effectiveness or genuineness of any Financing Document or any other agreement, instrument or document, (v) the satisfaction of any condition set forth in Article 4 or elsewhere in any
Financing Document, other than to confirm receipt of items expressly required to be delivered to the Agent, or (vi) the existence, genuineness or value of any of the Collateral or the validity, perfection, recordation, priority or
enforceability of any Lien on any of the Collateral. 
 The 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 believed by it to be genuine and to have been signed or sent by the proper Person. The 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 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 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
Agent. The Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through their respective Related Parties. The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to
the Related Parties of the 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 Agent. 

Subject to the appointment and acceptance of a successor Agent as provided in this paragraph, the Agent may resign at any time by notifying
the Lenders, the Issuing Lender and the Borrower. Upon any such resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor. If no successor shall have been so appointed by the Required Lenders
and shall have accepted such appointment within 30 days after the retiring Agent gives notice of its resignation, then the retiring Agent may, on behalf of the Lenders and the Issuing Lender, appoint a successor Agent which 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 Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the
retiring Agent, and the retiring Agent shall be discharged from its duties and obligations hereunder. The fees payable by the Borrower to a successor Agent shall be the same as those payable to its predecessor unless otherwise agreed between the
Borrower and such successor. After the Agent’s resignation hereunder, the provisions of this Article and Section 10.03 shall continue in effect for the benefit of such retiring 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 it was acting as Agent. 
 To the extent required by any applicable
laws, the Administrative Agent may withhold from any payment to any Lender or Issuing Lender an amount equivalent to any applicable withholding Tax. Without limiting or expanding the provisions of Section 2.16, each Lender and Issuing Lender
shall indemnify and hold harmless the Administrative Agent against, and shall make payable in respect thereof within 10 days after demand therefor, any and all Taxes and any and all related losses, claims, liabilities and expenses (including fees,
charges and disbursements of any counsel for the Administrative Agent) incurred by or asserted against the Administrative Agent by the IRS or any other Governmental Authority as a result of the failure of the Administrative Agent to properly
withhold Tax from amounts paid to or for the account of such Lender or Issuing Lender for any reason (including, without limitation, because the appropriate form was not delivered or not properly executed, or because such Lender or Issuing Lender
failed to notify the Administrative Agent of a change in circumstance that rendered the exemption from, or reduction of withholding Tax ineffective). A certificate as to the amount of such payment or liability delivered to any Lender or Issuing
Lender by the Agent shall be conclusive absent manifest error. Each Lender and Issuing Lender hereby authorizes the Administrative Agent to set off and apply any and all 

  
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amounts at any time owing to such Lender or Issuing Lender under this Agreement or any other Facility Document against any amount due the Administrative Agent under this paragraph. The agreements
in this paragraph shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender or Issuing Lender, the termination of the Commitments and the repayment, satisfaction or
discharge of all other Obligations. 
 For purposes of determining withholding Taxes imposed under FATCA, from and after the Third Amendment
and Restatement Date, the Lenders hereby authorize the Administrative Agent to treat and the Administrative Agent shall treat all Loans (including any Loans already outstanding) as not qualifying as “grandfathered obligations” within the
meaning of Treasury Regulation Section 1.1471-2(b)(2)(i). 
 Each Lender acknowledges that it has, independently and without reliance
upon the Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and
without reliance upon the Agent or any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any
other Financing Document, any related agreement or any document furnished hereunder or thereunder. 
 Nothing in any Financing Document
shall impose on any of Citibank, N.A., Barclays Bank PLC or Morgan Stanley Senior Funding, Inc., in its capacity as Co-Syndication Agent, or on any of General Electric Capital Corporation or Wells Fargo Capital Finance, LLC, in its capacity as
Co-Documentation Agent, or on any of Citigroup Global Markets Inc., Barclays Bank PLC, Morgan Stanley Senior Funding, Inc., GE Capital Markets, Inc. and Wells Fargo Capital Finance, LLC, in its capacity as a Second Amendment and Restatement Lead
Arranger and Bookrunner, any duty or responsibility whatsoever. 
 ARTICLE 10 

MISCELLANEOUS 

Section 10.01. Notices. 

(a) Except in the case of notices and other communications expressly permitted to be given by telephone (and subject to paragraph
(b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows: 

(i) if to the Borrower, to it at 680 South Fourth Street, Louisville, KY 40202, Attention of the Chief Financial Officer,
Treasurer and General Counsel (Telecopy Nos. (502) 596-4141 and (502) 596-4170 and (502) 596-4715); 
 (ii) if
to the Agent (including in its capacity as a Lender), to (a) Primary Operations Contact at 500 Stanton Christiana Road Ops 2 Floor 3 Newark, DE 19713, Attention of Rea Seth (Telephone No. (302) 634-1867; Telecopy No. (302) 634-1417;
Email: rea.n.seth@jpmorgan.com), (b) Secondary Operations Contact at 500 Stanton Christiana Road Ops 2 Floor 3 Newark, DE 19713, Attention of Brittany Tidwell (Telephone No. (302) 634-2225; Telecopy No. (302) 634-1417; Email:
brittany.m.tidwell@jpmorgan.com) and (c) with a copy to JPMorgan Chase Bank, N.A. – Client Credit Management, 383 Madison Avenue – 24th Floor, New York, NY 10179, Attention of Dawn Lee Lum (Telephone No. (212) 270-2472;
Telecopy No. (212) 270-3279; Email: DAWN.LEELUM@jpmorgan.com and ib.cbc@jpmorgan.com); and 

  
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 (iii) if to any other Lender, to it at its address (or telecopy number) set forth
in its Administrative Questionnaire. 
 (b) Notices and other communications to the Lenders hereunder may be delivered or furnished
by electronic communications pursuant to procedures approved by the Agent; provided that the foregoing shall not apply to notices pursuant to Article 2 unless otherwise agreed by the Agent and the applicable Lender. The 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 by it; provided that approval of such procedures may be limited to particular notices or
communications. 
 (c) Any party hereto may change its address or telecopy number for notices and other communications hereunder by
notice to the other parties hereto. 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 10.02. Waivers; Amendments. 

(a) No failure or delay by the Agent, the Issuing Lender or any Lender in exercising any right or power hereunder or under any other Financing
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 Agent, the Issuing Lender and the Lenders under the Financing Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of
any provision of any Financing Document or consent to any departure by the Borrower or any Restricted Subsidiary 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 issuance of a Letter of Credit shall not be construed as a waiver of any
Default, regardless of whether the Agent, any Lender or the Issuing Lender may have had notice or knowledge of such Default at the time. 

(b) No Financing Document or provision thereof may be waived, amended or modified except, in the case of this Agreement, by an
agreement or agreements in writing entered into by the Borrower and the Required Lenders or, in the case of any other Financing Document, by an agreement or agreements in writing entered into by the parties thereto 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 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; 
 (iii)
postpone the scheduled date of payment of the principal amount of any Loan or LC Disbursement, or any interest thereon, or any fees payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date of
expiration of any Commitment, without the written consent of each Lender affected thereby; 
 (iv) release all or
substantially all of the Collateral from the Security Interests or release all or substantially all of the Restricted Subsidiaries from their obligations under the Subsidiary Guarantees (except in each case as expressly provided in the Financing
Documents as in effect on the Second Amendment and Restatement Date) without the written consent of each Lender; 

  
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 (v) change the definition of “Borrowing Base” or the component
definitions thereof which result in increased borrowing availability or advance rates without the written consent of the Supermajority Lenders; 

(vi) change any of the provisions of this Section or the definition of “Required Lenders” or “Supermajority
Lenders” or any other provision of any Financing Document specifying the number or percentage of Lenders 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; 
 (vii) change Section 2.17(b) or (c) in a manner that would alter the pro rata sharing of
payments required thereby, without the written consent of each Lender; or 
 (viii) subordinate the Obligations in right of
payment to any other obligation, without the written consent of each Lender. 
 provided further that no such agreement shall amend, modify or
otherwise affect the rights or duties of the Agent, the Swingline Lender or the Issuing Lender without the prior written consent of the Agent, the Swingline Lender or the Issuing Lender, as the case may be. 

Notwithstanding anything to the contrary in this Section 10.02, the Borrower and the Agent may, without the input or consent of the other
Lenders, (i) effect such amendments to this Agreement and the other Financing Documents as may be necessary or appropriate in the opinion of the Agent to effect the provisions of Section 2.20 (it being understood that no such amendments
shall amend the provisions of Section 2.20) and (ii) enter into any amendment of any Financing Document, or enter into any new agreement or instrument, to effect the granting, perfection, protection, expansion or enhancement of any
security interest in any Collateral or additional property to become Collateral for the benefit of the Lender Parties, or as required by local law to give effect to, or protect any security interest for the benefit of the Lender Parties, in any
property or so that the security interests therein comply with Applicable Law. 
 Section 10.03. Expenses; Indemnity; Damage Waiver.

 (a) The Borrower shall pay (i) all reasonable out of pocket expenses incurred by the Agent, the Amendment and Restatement Lead
Arranger and Bookrunner, the Second Amendment and Restatement Lead Arrangers and Bookrunners, the Co-Syndication Agents and their respective Affiliates, including the reasonable fees, charges and disbursements of counsel for the Agent, the Amendment
and Restatement Lead Arranger and Bookrunner, Second Amendment and Restatement Lead Arrangers and Bookrunners, and the Co-Syndication Agents, in connection with the syndication of the credit facilities provided for herein, the preparation,
execution, delivery and administration of this Agreement and the other Financing Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be
consummated), (ii) all reasonable out-of-pocket expenses incurred by the Issuing Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) the fees and
out-of pocket expenses of the Agent’s initial and ongoing borrowing base and collateral examinations and periodic field examinations, and the monthly and other monitoring of assets performed by the Agent, subject to any limits on such fees and
expenses set forth in this Agreement and (iv) all reasonable out-of-pocket expenses incurred by the Agent, the Issuing Lender or any Lender, including the fees, 

  
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charges and disbursements of any counsel for the Agent, the Issuing Lender or any Lender, in connection with the enforcement or protection of its rights in connection with this Agreement and the
other Financing Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of pocket expenses incurred during any workout, restructuring or negotiations in
respect of such Loans or Letters of Credit. 
 (b) The Borrower shall indemnify the Agent, the Amendment and Restatement Lead
Arranger and Bookrunner, the Second Amendment and Restatement Lead Arrangers and Bookrunners, the Co-Syndication Agents, the Issuing Lender 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 the fees, charges and disbursements of any counsel for any Indemnitee (all such amounts,
“Losses”), incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the execution or delivery of any Financing Document or any agreement or instrument contemplated thereby, the
performance by the parties to the Financing Documents of their respective obligations thereunder or the consummation of the Transactions, the Second Amendment and Restatement Transactions or, in each case, any other transactions contemplated
thereby, (ii) any Loan or Letter of Credit or the use of the proceeds therefrom (including any refusal by the Issuing Lender to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not
strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or Release or threat of Release of Hazardous Materials on, at, under or from any property owned, leased or operated by the Borrower or any of its
Subsidiaries, or any Environmental Liability related in any way to the Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on
contract, tort or any other theory and regardless of whether any Indemnitee is a party thereto and regardless of whether any such claim, litigation, investigation or proceeding is brought by the Borrower or any other Person;
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 in a final and nonappealable
judgment to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee. Notwithstanding anything to the contrary in this Section 10.03(b), the Borrower shall have no obligation to indemnify an Indemnitee against
(or to hold an Indemnitee harmless from) any and all Losses incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of the third to last paragraph in Article IX. 

(c) To the extent that the Borrower fails to pay any amount required to be paid by it to the Agent, the Swingline Lender, the Amendment
and Restatement Lead Arranger and Bookrunner, the Second Amendment and Restatement Lead Arrangers and Bookrunners, the Co-Syndication Agents or the Issuing Lender under paragraph (a) or (b) of this Section, each Lender severally agrees to
pay to the Agent, the Swingline Lender, the Amendment and Restatement Lead Arranger and Bookrunner, the Second Amendment and Restatement Lead Arrangers and Bookrunners, the Co-Syndication Agents or the Issuing Lender, as the case may be, such
Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage,
liability or related expense, as the case may be, was incurred by or asserted against the Agent, the Swingline Lender, the Amendment and Restatement Lead Arranger and Bookrunner, the Second Amendment and Restatement Lead Arrangers and Bookrunners,
Co-Syndication Agent or the Issuing Lender in its capacity as such. 
 (d) To the extent permitted by applicable law, the Borrower
shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result
of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, Second Amendment and Restatement Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. 

  
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 (e) All amounts due under this Section shall be payable not later than five days after written
demand therefor. 
 Section 10.04. 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 the Issuing Lender 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 assigns permitted hereby (including any Affiliate of the Issuing Lender 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 Agent, the Issuing Lender 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 (which assignees shall be financial institutions in the business of making regular extensions of credit, it being understood that neither the Borrower (or any of its Affiliates) nor any natural
Person shall be a Lender) 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: 
 (1) the Borrower, provided that no consent of the Borrower shall be required for an
assignment to a Lender, an Affiliate of a Lender, an Approved Fund or, if an Event of Default has occurred and is continuing, any other assignee; 

(2) the Agent, provided that no consent of the Agent shall be required for an assignment of any Commitment to an
assignee that is a Lender immediately prior to giving effect to such assignment, an Affiliate of such a Lender or an Approved Fund; 

(3) the Swingline Lender; and 

(4) the Issuing Lender. 

(ii) Assignments shall be subject to the following additional conditions: 

(1) 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, the amount of the Commitment or Loans of any Class of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with
respect to such assignment is delivered to the Agent) shall not be less than $5,000,000, and, immediately after giving effect to such assignment, the assigning Lender shall have (determined as of the date the Assignment and Assumption with respect
to such assignment is delivered to the Agent) Commitments and Loans aggregating at least $5,000,000, in each case unless each of the Borrower and the Agent otherwise consent, provided that no such consent of the Borrower shall be required if
an Event of Default has occurred and is continuing; 

  
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 (2) 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 shall not be construed to prohibit the assignment of a proportionate part of all the assigning Lender’s rights and obligations
in respect of one Class of Commitments or Loans; 
 (3) the parties to each assignment shall execute and deliver to the Agent
an Assignment and Assumption, together with a processing and recordation fee of $3,500; 
 (4) 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 Related Parties or their respective securities) will be made available and who may receive such information in accordance with the assignee’s compliance procedures and Applicable Laws, including federal
and state securities laws; and 
 (5) (A) promptly prior to the effectiveness of such assignment, the assigning Lender shall
have requested and received the most recent Disqualified Institutions List from the Administrative Agent and (B) no assignments shall be made to Defaulting Lenders, Disqualified Institutions (as set forth on the most recent update to the
Disqualified Institutions List delivered to the assigning Lender) or natural persons. 
 “Approved Fund” means any
Person (other than a natural person) that is engaged in making, purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course of its business and that is administered or managed by (a) a Lender,
(b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 
 (iii)
Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) 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 2.14, 2.15, 2.16, and 10.03). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 10.04 shall be treated for purposes of this
Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (c) of this Section. 

(iv) The 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 related interest amounts) of the Loans and LC Disbursements owing to, each Lender pursuant to
the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive (absent manifest error), and the Borrower, the Agent, the Issuing Lender 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 Lender (with respect to such
Lender’s own interest only), the Issuing Lender and the Swingline Lender at any reasonable time and from time to time upon reasonable prior notice. 

  
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 (v) Upon its receipt of a duly completed Assignment and Assumption executed by an assigning
Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any written
consent to such assignment required by paragraph (b) of this Section, the 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. 
 (c) (i) Any Lender may, without the consent
of the Borrower, the Agent, the Swingline Lender or the Issuing Lender, sell participations to one or more banks or other entities (a “Participant”) (it being understood that neither the Borrower (or any of its Affiliates) nor any
natural Person shall be 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) the Borrower, the Agent, the Issuing Lender 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) (x) promptly prior to the sale of any Participation, such Lender shall
have requested and received the most recent Disqualified Institutions List from the Administrative Agent and (y) no Lender may sell a Participation to a Disqualified Institution (as set forth on the most recent update to the Disqualified
Institutions List delivered to such participating Lender). 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 Financing Documents and to approve
any amendment, modification or waiver of any provision of the Financing Documents; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment,
modification or waiver described in the first proviso to Section 10.02(b) that (1) increases the Commitments participated to such Participant, (2) reduces the amount of principal, interest or fees participated or payable to such
Participant, (3) extends the Maturity Date or the due date of any amortization, interest or fee payment payable to such Participant, (4) releases the Guarantees of the Obligations of all or substantially of the Subsidiary Guarantors or all
or substantially all of the Collateral or (5) changes the voting rights granted to such Participant pursuant to this Section 10.04(c). Subject to paragraph (c)(ii) of this Section, the Borrower agrees that each Participant shall be
entitled to the benefits of Sections 2.14, 2.15 and 2.16 (subject to the requirements and limitations of such Sections and Section 2.18 and it being understood that the documentation required under Section 2.16(e) shall be delivered solely
to the participating Lender) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the
benefits of Section 10.08 as though it were a Lender, provided such Participant agrees to be subject to Section 2.17(c) as though it were a Lender. Each Lender that sells participations to a Participant, acting solely
for this purpose as a non-fiduciary agent of the Borrower, shall maintain a Register of all such Participants. The entries in the participant register shall be conclusive (absent manifest error), and the Borrower and the Lenders shall treat each
Person whose name is recorded in the participant register pursuant to the terms hereof as a Participant for all purposes of this Agreement, notwithstanding notice to the contrary. Notwithstanding the foregoing, each Credit Party and the Lenders
acknowledge and agree that the Administrative Agent shall not have any responsibility to determine the compliance of any Lender with the requirements of this Section 10.04(c)(i) (it being understood that each Lender shall be responsible for
ensuring its own compliance with the requirements of this Section). 
 (ii) A Participant shall not be entitled to receive any
greater payment under Section 2.12 or 2.14 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 (not to be unreasonably withheld or delayed). 

  
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 (d) Any Lender may 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 without limitation 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. 

No Indemnitee referred to above shall be liable for any damages arising from the use by unintended recipients of any information or other
materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Financing Documents or the transactions contemplated hereby or thereby, other than to the
extent that such damages are determined by a court of the competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee. 

Section 10.05. Survival. All covenants, agreements, representations and warranties made by the Credit Parties in the Financing
Documents and in the certificates or other instruments delivered in connection with or pursuant to the Financing Documents shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of the
Financing 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 Agent, the Issuing Lender 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 unsatisfied or any Letter of Credit is outstanding and so long as the Commitments have not expired or terminated. The provisions of Sections 2.14, 2.15, 2.16 and 10.03 and
Article 9 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 10.06. Counterparts; Integration; Effectiveness. This Agreement may
be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement, the other Financing
Documents and any separate letter agreements with respect to fees payable to the Agent 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. Subject to the limitations contained in Section 4.01, this Agreement shall become effective when it shall have been executed by the Agent and when the Agent shall have received counterparts hereof
which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart
of a signature page of this Agreement or any document or instrument delivered in connection herewith by facsimile transmission or electronic “.pdf” file or similar electronic format shall be effective as delivery of a manually executed
counterpart of this Agreement or such document or instrument, as the case may be. 
 Section 10.07. Severability. Any provision of
any Financing Document 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 thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

  
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 Section 10.08. Right of Setoff. If an Event of Default shall have occurred and be
continuing, each Lender and each of its 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)
at any time held and other obligations at any time owing by such Lender or 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, irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations may be contingent or unmatured. The rights of each Lender under this Section are in addition to other rights and
remedies (including other rights of setoff) which such Lender may have. 
 Section 10.09. 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) 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 in the City of New York and of the United States District Court of the Southern District of New York sitting in the Borough of Manhattan, and any appellate court from any thereof, in
any action or proceeding arising out of or relating to any Financing 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 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 Financing Document shall affect any right that the Agent, the Issuing Lender or any Lender may otherwise have to bring any action or
proceeding relating to any Financing Document against any Credit Party or its properties in the courts of any jurisdiction. 
 (c) The
Borrower hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating
to any Financing 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. 
 (d) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 10.01. Nothing in any Financing Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

Section 10.10. 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 FINANCING 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. 

  
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 Section 10.11. 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 10.12. Confidentiality. 

(a) Each of the Agent, the Issuing Lender, the Amendment and Restatement Lead Arranger and Bookrunner, the Second Amendment and
Restatement Lead Arrangers and Bookrunners, the Co-Syndication Agents and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (i) to its and its Affiliates’
directors, officers, employees and agents, including accountants, legal counsel and other advisors and experts (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), (ii) to the extent requested by any regulatory authority (including self-regulatory authorities), (iii) to the extent required by Applicable Laws or regulations or by any subpoena or
similar legal process, (iv) to any other party to this Agreement, (v) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to any Financing Document or the enforcement of rights thereunder,
(vi) subject to an agreement containing provisions substantially the same as those of this Section, to (A) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this
Agreement or (B) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its obligations, (vii) with the consent of the Borrower, (viii) to ratings agencies,
(ix) for purposes of establishing a “due diligence” defense or (x) to the extent such Information (A) becomes publicly available other than as a result of a breach of this Section or (B) becomes available to the Agent,
the Issuing Lender or any Lender on a nonconfidential basis from a source other than the Borrower. For the purposes of this Section, “Information” means all information received from the Borrower relating to the Borrower or its
business, other than any such information that is available to the Agent, the Issuing Lender, the Amendment and Restatement Lead Arranger and Bookrunner, the Second Amendment and Restatement Lead Arrangers and Bookrunners, the Co-Syndication Agents
or any Lender on a nonconfidential basis prior to disclosure by the Borrower; provided that, in the case of information received from the Borrower after the Closing Date, such information is clearly identified at the time of
delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to
maintain the confidentiality of such Information as such Person would accord to its own confidential information. Notwithstanding anything herein to the contrary, any party hereto (and any employee, representative or other agent of thereof) may
disclose to any and all Persons, without limitation of any kind, the U.S. federal income tax treatment and the U.S. federal income tax structure of the transactions contemplated hereby and all materials of any kind (including opinions or other tax
analyses) that are provided to it relating to such tax treatment and tax structure. However, no disclosure of any information relating to such tax treatment or tax structure may be made to the extent nondisclosure is reasonably necessary in order to
comply with applicable securities laws. 
 (b) EACH LENDER ACKNOWLEDGES THAT INFORMATION AS DEFINED IN SECTION 10.12 FURNISHED TO IT
PURSUANT TO THIS AGREEMENT MAY INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING THE BORROWER AND ITS RELATED PARTIES OR THEIR RESPECTIVE SECURITIES, AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC
INFORMATION AND THAT IT WILL HANDLE SUCH MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS. 

  
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 (c) ALL INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS, FURNISHED BY THE BORROWER OR
THE AGENT PURSUANT TO, OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT WILL BE SYNDICATE-LEVEL INFORMATION, WHICH MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION ABOUT THE BORROWER, THE CREDIT PARTIES AND THEIR RELATED PARTIES OR THEIR RESPECTIVE
SECURITIES. ACCORDINGLY, EACH LENDER REPRESENTS TO THE BORROWER AND THE AGENT THAT IT HAS IDENTIFIED IN ITS ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH
ITS COMPLIANCE PROCEDURES AND APPLICABLE LAW. 
 Section 10.13. USA PATRIOT Act. Each Lender that is subject to the requirements of
the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “PATRIOT Act”) hereby notifies the Borrower and the Subsidiary Guarantors that pursuant to the requirements of the Act, it is required to
obtain, verify and record information that identifies the Borrower and the Subsidiary Guarantors, which information includes the name and address of the Borrower and the Subsidiary Guarantors and other information that will allow such Lender to
identify the Borrower and the Subsidiary Guarantors in accordance with the Act. 
 Section 10.14. Interest Rate Limitation.
Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law (collectively the
“Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan 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
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 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 10.15. Margin Stock. Each Lender represents to the Agent and each other Lender that it in good faith is not relying upon any
Margin Stock as collateral in the extension or maintenance of the credit provided for in this Agreement. 
 Section 10.16. Application of
Proceeds under Mortgages. Notwithstanding anything to the contrary in Section 5.06 of any Mortgage, the proceeds of any sale of, or other disposition of, all or any part of the mortgaged or trust property described in such Mortgage shall be
applied as follows: first, as provided in clause “first” in Section 5.06(a) of such Mortgage, and second, as provided in clauses “second,” “third” and “fourth” of Section 20 of the Security
Agreement. 
 Section 10.17. Term Loan Intercreditor Agreement. Each Lender and Issuing Lender hereunder (on behalf of itself and its
Affiliates): (a) consents to the subordination of Liens provided for in the Term Loan Intercreditor Agreement, (b) agrees that it will be bound by and will take no actions contrary to the provisions of the Term Loan Intercreditor Agreement
and (c) authorizes and instructs the Agent to enter into the Term Loan Intercreditor Agreement as the ABL Collateral Agent (as defined in the Term Loan Intercreditor Agreement) and ABL Administrative Agent (as defined in the Term Loan
Intercreditor Agreement), on behalf of such Lender and Issuing Lender. The foregoing provisions are intended as an inducement to the Term Claimholders (as defined in the Term Loan Intercreditor Agreement) to enter into the arrangements contemplated
by the Term Loan Collateral Documents (as defined in the Term Loan Intercreditor Agreement) and the Term Claimholders are intended third party beneficiaries of such provisions and the provisions of the Term Loan Intercreditor Agreement. 

[Signature Pages Intentionally Omitted] 

  
 -113-

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