Document:

Term Loan Credit Agreement dated March 20, 2008

 Exhibit 10.2 
 Execution Copy 
 TERM LOAN 
 CREDIT AGREEMENT 
 DATED AS OF MARCH 20, 2008 
 AMONG 
 PATTERSON COMPANIES, INC.,

 AS THE BORROWER 
 THE LENDERS FROM TIME TO TIME PARTIES HERETO, 
 JPMORGAN CHASE BANK, NATIONAL ASSOCIATION 
 (SUCCESSOR BY MERGER TO BANK ONE, NA (MAIN OFFICE CHICAGO)), 
 AS ADMINISTRATIVE AGENT 
  
  

 
 J. P. MORGAN SECURITIES INC.,

 AS LEAD ARRANGER AND SOLE BOOK RUNNER 
  
  
  

 TABLE OF CONTENTS 
  

					
	 ARTICLE I
	 	DEFINITIONS	  	1
	 1.1.
	 	Certain Defined Terms	  	1
	 1.2.
	 	Plural Forms	  	17
			
	 ARTICLE II
	 	THE CREDITS	  	17
	 2.1.
	 	Commitments	  	17
	 2.2.
	 	Loans and Borrowings	  	18
	 2.3.
	 	Method of Selecting Types	  	18
	 2.4.
	 	Optional Principal Payments; Repayment of Loans	  	19
	 2.5.
	 	Conversion and Continuation of Outstanding Borrowings; No Conversion or Continuation of Eurocurrency Borrowings After Default	  	19
	 2.6.
	 	Method of Borrowing	  	20
	 2.7.
	 	Changes in Interest Rate, etc.	  	20
	 2.8.
	 	Rates Applicable After Default	  	21
	 2.9.
	 	Method of Payment	  	21
	 2.10.
	 	Noteless Agreement; Evidence of Indebtedness	  	21
	 2.11.
	 	Telephonic Notices	  	22
	 2.12.
	 	Interest Payment Dates; Interest and Fee Basis	  	22
	 2.13.
	 	Notification of Borrowings, Interest Rates and Prepayments	  	23
	 2.14.
	 	Non-Receipt of Funds by the Agent	  	23
	 2.15.
	 	Replacement of Lender	  	23
			
	 ARTICLE III
	 	YIELD PROTECTION; TAXES	  	24
	 3.1.
	 	Yield Protection	  	24
	 3.2.
	 	Changes in Capital Adequacy Regulations	  	24
	 3.3.
	 	Availability of Types of Borrowings	  	25
	 3.4.
	 	Funding Indemnification	  	25
	 3.5.
	 	Taxes	  	25
	 3.6.
	 	Lender Statements; Survival of Indemnity	  	27
	 3.7.
	 	Alternative Lending Office	  	28
			
	 ARTICLE IV
	 	CONDITIONS PRECEDENT	  	28
	 4.1.
	 	Effectiveness of this Agreement	  	28
			
	 ARTICLE V
	 	REPRESENTATIONS AND WARRANTIES	  	30
	 5.1.
	 	Existence and Standing	  	30
	 5.2.
	 	Authorization and Validity	  	30
	 5.3.
	 	No Conflict; Government Consent	  	30
	 5.4.
	 	Financial Statements	  	31
	 5.5.
	 	Material Adverse Change	  	31
	 5.6.
	 	Taxes	  	31
	 5.7.
	 	Litigation and Contingent Obligations	  	31
	 5.8.
	 	Subsidiaries	  	32

  

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	 5.9.
	 	ERISA	  	32
	 5.10.
	 	Accuracy of Information	  	32
	 5.11.
	 	Regulation U	  	32
	 5.12.
	 	Material Agreements	  	32
	 5.13.
	 	Compliance With Laws	  	33
	 5.14.
	 	Ownership of Properties	  	33
	 5.15.
	 	Plan Assets; Prohibited Transactions	  	33
	 5.16.
	 	Environmental Matters	  	33
	 5.17.
	 	Investment Company Act	  	33
	 5.18.
	 	[RESERVED]	  	33
	 5.19.
	 	Insurance	  	33
	 5.20.
	 	Solvency	  	34
	 5.21.
	 	No Default or Unmatured Default	  	34
	 5.22.
	 	Reportable Transaction	  	34
	 5.23.
	 	Post-Retirement Benefits	  	34
			
	 ARTICLE VI
	 	COVENANTS	  	34
	 6.1.
	 	Financial Reporting	  	34
	 6.2.
	 	Use of Proceeds	  	36
	 6.3.
	 	Notice of Default	  	36
	 6.4.
	 	Conduct of Business	  	37
	 6.5.
	 	Taxes	  	37
	 6.6.
	 	Insurance	  	37
	 6.7.
	 	Compliance with Laws	  	37
	 6.8.
	 	Maintenance of Properties	  	37
	 6.9.
	 	Inspection; Keeping of Books and Records	  	37
	 6.10.
	 	Dividends	  	38
	 6.11.
	 	Merger	  	38
	 6.12.
	 	Sale of Assets	  	38
	 6.13.
	 	Investments and Acquisitions	  	39
	 6.14.
	 	Indebtedness	  	42
	 6.15.
	 	Liens	  	44
	 6.16.
	 	Affiliates	  	47
	 6.17.
	 	Financial Contracts	  	47
	 6.18.
	 	Subsidiary Covenants	  	48
	 6.19.
	 	Contingent Obligations	  	48
	 6.20.
	 	Leverage Ratio	  	48
	 6.21.
	 	Interest Expense Coverage Ratio	  	48
	 6.22.
	 	[RESERVED]	  	48
	 6.23.
	 	Additional Subsidiary Guarantors	  	49
	 6.24.
	 	Foreign Subsidiary Investments	  	49
	 6.25.
	 	Subordinated Indebtedness	  	49
	 6.26.
	 	Sale of Accounts	  	49
			
	 ARTICLE VII
	 	DEFAULTS	  	49

  

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	 ARTICLE VIII
	 	ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES	  	52
	 8.1.
	 	Acceleration	  	52
	 8.2.
	 	Amendments	  	53
	 8.3.
	 	Preservation of Rights	  	53
			
	 ARTICLE IX
	 	GENERAL PROVISIONS	  	54
	 9.1.
	 	Survival of Representations	  	54
	 9.2.
	 	Governmental Regulation	  	54
	 9.3.
	 	Headings	  	54
	 9.4.
	 	Entire Agreement	  	54
	 9.5.
	 	Several Obligations; Benefits of this Agreement	  	54
	 9.6.
	 	Expenses; Indemnification	  	54
	 9.7.
	 	Numbers of Documents	  	55
	 9.8.
	 	Accounting	  	55
	 9.9.
	 	Severability of Provisions	  	56
	 9.10.
	 	Nonliability of Lenders	  	56
	 9.11.
	 	Confidentiality	  	56
	 9.12.
	 	Lenders Not Utilizing Plan Assets	  	57
	 9.13.
	 	Nonreliance	  	57
	 9.14.
	 	Disclosure	  	57
	 9.15.
	 	Performance of Obligations	  	57
	 9.16.
	 	Relations Among Lenders	  	58
	 9.17.
	 	USA Patriot Act Notification	  	58
	 IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
	  	58
			
	 ARTICLE X
	 	THE AGENT	  	59
	 10.1.
	 	Appointment; Nature of Relationship	  	59
	 10.2.
	 	Powers	  	59
	 10.3.
	 	General Immunity	  	59
	 10.4.
	 	No Responsibility for Loans, Recitals, etc.	  	59
	 10.5.
	 	Action on Instructions of Lenders	  	60
	 10.6.
	 	Employment of Agents and Counsel	  	60
	 10.7.
	 	Reliance on Documents; Counsel	  	60
	 10.8.
	 	Agent’s Reimbursement and Indemnification	  	61
	 10.9.
	 	Notice of Default	  	61
	 10.10.
	 	Rights as a Lender	  	61
	 10.11.
	 	Lender Credit Decision	  	61
	 10.12.
	 	Successor Agent	  	62
	 10.13.
	 	Agent and Arranger Fees	  	62
	 10.14.
	 	Delegation to Affiliates	  	62
	 10.15.
	 	No Duties Imposed on Arranger	  	63
			
	 ARTICLE XI
	 	SETOFF; RATABLE PAYMENTS	  	63
	 11.1.
	 	Setoff	  	63
	 11.2.
	 	Ratable Payments	  	63

  

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	 ARTICLE XII
	 	BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS	  	63
	 12.1.
	 	Successors and Assigns; Designated Lenders	  	63
	 12.2.
	 	Participations	  	66
	 12.3.
	 	Assignments	  	67
	 12.4.
	 	Dissemination of Information	  	69
	 12.5.
	 	Tax Certifications	  	69
			
	 ARTICLE XIII
	 	NOTICES	  	69
	 13.1.
	 	Notices; Effectiveness; Electronic Communication	  	69
	 13.2.
	 	Change of Address, Etc.	  	70
			
	 ARTICLE XIV
	 	COUNTERPARTS; INTEGRATION; EFFECTIVENESS; ELECTRONIC EXECUTION	  	70
	 14.1.
	 	Counterparts; Effectiveness	  	70
	 14.2.
	 	Electronic Execution of Assignments	  	71
			
	 ARTICLE XV
	 	CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL	  	71
	 15.1.
	 	CHOICE OF LAW	  	71
	 15.2.
	 	CONSENT TO JURISDICTION	  	71
	 15.3.
	 	WAIVER OF JURY TRIAL	  	72

  

 iv 

 SCHEDULES 
  

					
	 Commitment Schedule

	
	 Pricing Schedule

			
	 Schedule 5.8
	 	 -
	  	Subsidiaries
			
	 Schedule 6.13
	 	 -
	  	Investments
			
	 Schedule 6.14
	 	 -
	  	Indebtedness
			
	 Schedule 6.15
	 	 -
	  	Liens
	
	EXHIBITS
			
	 Exhibit A
	 	 -
	  	Form of the Credit Parties’ Counsel’s Opinion
			
	 Exhibit B
	 	 -
	  	Form of Compliance Certificate
			
	 Exhibit C
	 	 -
	  	Form of Assignment and Assumption Agreement
			
	 Exhibit D
	 	 -
	  	Form of Promissory Note (if requested)
			
	 Exhibit E
	 	 -
	  	Form of Designation Agreement
			
	 Exhibit F
	 	 -
	  	List of Closing Documents
			
	 Exhibit G
	 	 -
	  	Form of Guaranty

  

 v 

 TERM LOAN CREDIT AGREEMENT 
 This Term Loan Credit Agreement, dated as of March 20, 2008 (as it may be further amended, restated, supplemented or otherwise modified from time to
time, this “Agreement”), is entered into by and among Patterson Companies, Inc., a Minnesota corporation, as the Borrower, the Lenders and JPMorgan Chase Bank, National Association (successor by merger to Bank One, NA (Main Office
Chicago)), as administrative agent, (in such capacity, and together with its branches and affiliates, the “Agent”). 
 The parties
hereto agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 1.1. Certain Defined Terms. As used in this Agreement: 
 “Accounting Changes” is defined in Section 9.8 hereof. 
 “Accounts” means the Borrower’s or a Subsidiary’s right to the payment of money from the sale, lease or other disposition of goods or other assets by the Borrower or a Subsidiary, a rendering of
services by the Borrower or a Subsidiary, a loan by the Borrower or a Subsidiary, the overpayment of taxes or other liabilities of the Borrower, or otherwise, however such right to payment may be evidenced, together with all other rights and
interests (including all liens and security interests) that the Borrower or Subsidiary may at any time have against any account debtor or other party obligated thereon or against any of the property of such account debtor or other party. 

“Acquisition” means any transaction, or any series of related transactions, consummated on or after the Closing Date, by which the Borrower
or any of its Subsidiaries (i) acquires any going concern business or all or substantially all of the assets of any Person, or division thereof, whether through purchase of assets, merger or otherwise or (ii) directly or indirectly
acquires from one or more Persons (in one transaction or as the most recent transaction in a series of transactions) at least a majority (in number of votes) of the securities of a corporation which have ordinary voting power for the election of
directors (other than securities having such power only by reason of the happening of a contingency) or a majority (by percentage of voting power) of the outstanding ownership interests of a partnership or limited liability company of any Person.

 “Affected Lenders” is defined in Section 2.15. 
 “Affiliate” of any Person means any other Person directly or indirectly controlling, controlled by or under common control with such Person. A
Person shall be deemed to control another Person if the controlling Person is the “beneficial owner” (as defined in Rule 13d-3 under the Securities Exchange Act of 1934) of 10% or more of any class of voting securities (or other ownership
interests) of the controlled Person or possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of the controlled Person, whether through ownership of voting securities, by contract or otherwise.

 “Agent” means JPMorgan Chase Bank, National Association, including its branches and affiliates,
in its capacity as contractual representative of the Lenders pursuant to Article X, and not in its individual capacity as a Lender, as Administrative Agent, and any successor Agent appointed pursuant to Article X. 
 “Aggregate Outstanding Credit Exposure” means, at any time, the aggregate of the Outstanding Credit Exposure of all the Lenders. 
 “Agreement” means this Term Loan Credit Agreement, as it may be further amended, restated, supplemented or otherwise modified and as in effect
from time to time. 
 “Agreement Accounting Principles” means generally accepted accounting principles as in effect in the United
States from time to time, applied in a manner consistent with that used in preparing the financial statements of the Borrower referred to in Section 5.4; provided, however, that except as provided in Section 9.8, with respect
to the calculation of the financial covenants set forth in Sections 6.20, 6.21 and 6.22 (and the defined terms used in such Sections), “Agreement Accounting Principles” means generally accepted accounting principles as in effect in the
United States as of the Closing Date, applied in a manner consistent with that used in preparing the financial statements of the Borrower referred to in Section 5.4 hereof. 
 “Alternate Base Rate” means, for any day, a fluctuating rate of interest per annum equal to the higher of (i) the Prime Rate for such day
and (ii) the sum of (a) the Federal Funds Effective Rate for such day and (b) one-half of one percent (0.5% ) per annum. 
 “Applicable Margin” means, with respect to Borrowings of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Borrowings of such Type as set forth in the Pricing Schedule.

 “Approved Fund” means any Fund that is administered or managed by (i) a Lender, (ii) an Affiliate of a Lender or
(iii) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Arranger” means J.P. Morgan Securities
Inc. and its successors, in its capacity as Lead Arranger and Sole Book Runner. 
 “Article” means an article of this Agreement
unless another document is specifically referenced. 
 “Assignment Agreement” is defined in Section 12.3.1. 
 “Authorized Officer” means, for any Person, any of the chief executive officer, president, chief operating officer, chief financial officer,
treasurer or assistant treasurer of such Person, acting singly. 
 “Borrower” means Patterson Companies, Inc., a Minnesota
corporation, and its permitted successors and assigns (including, without limitation, a debtor in possession on its behalf). 
  

 2 

 “Borrowing” means a borrowing hereunder consisting of the aggregate amount of the several Loans
(i) made by the Lenders on the Borrowing Date, or (ii) converted or continued by the Lenders on the same date of conversion or continuation, consisting, in either case, of the aggregate amount of the several Loans of the same Type and, in
the case of Eurocurrency Loans, for the same Interest Period. 
 “Borrowing Date” means a date on which a Borrowing is made
hereunder. 
 “Borrowing Notice” is defined in Section 2.3. 
 “Business Day” means (i) with respect to any borrowing, payment or rate selection of Eurocurrency Borrowings, a day (other than a Saturday
or Sunday) on which banks generally are open in Chicago, Illinois for the conduct of substantially all of their commercial lending activities, interbank wire transfers can be made on the Fedwire system and dealings in Dollars are carried on in the
London interbank market and (ii) for all other purposes, a day (other than a Saturday or Sunday) on which banks generally are open in Chicago, Illinois for the conduct of substantially all of their commercial lending activities and interbank
wire transfers can be made on the Fedwire system. 
 “Capitalized Lease” of a Person means any lease of Property by such Person as
lessee which would be capitalized on a balance sheet of such Person prepared in accordance with Agreement Accounting Principles. 
 “Capitalized Lease Obligations” of a Person means the amount of the obligations of such Person under Capitalized Leases which would be shown as a liability on a balance sheet of such Person prepared in accordance with Agreement
Accounting Principles. 
 “Cash Equivalent Investments” means (i) short-term obligations of, or fully guaranteed by, the
United States of America, (ii) commercial paper rated A-1 or better by S&P or P-1 or better by Moody’s, (iii) demand deposit accounts maintained in the ordinary course of business, (iv) certificates of deposit issued by and
time deposits with commercial banks (whether domestic or foreign) having capital and surplus in excess of $100,000,000, and (v) money market funds investing primarily in assets of the type described in clauses (i) and
(ii) of this definition; provided in each case that the same provides for payment of both principal and interest (and not principal alone or interest alone) and is not subject to any contingency regarding the payment of principal or
interest. 
 “Change in Capital Adequacy Regulations” is defined in Section 3.2. 
 “Change in Control” means (i) the acquisition by any Person, or two or more Persons acting in concert, of beneficial ownership (within the
meaning of Rule 13d-3 of the SEC under the Securities Exchange Act of 1934) of 30% or more of the outstanding shares of voting stock of the Borrower; (ii) other than pursuant to a transaction otherwise permitted under this Agreement, the
Borrower shall cease to own, directly or indirectly and free and clear of all Liens or other encumbrances, all of the outstanding shares of voting stock of the Guarantors on a fully diluted basis; (iii) the majority of the Board of Directors of
the Borrower fails to consist of Continuing Directors or (iv) any “Change of Control” (or similar term) under (and as defined in) the 2003 Note Purchase Agreement, the 2003 Senior Notes, the 2008 Note Purchase Agreement or the 2008
Senior Notes shall have occurred. 
  

 3 

 “Change in Law” is defined in Section 3.1. 
 “Closing Date” means March 20, 2008. 
 “Code” means the Internal Revenue Code of 1986, as amended, reformed or otherwise modified from time to time, and any rule or regulation issued thereunder. 
 “Commitment” means, for each Lender, such Lender’s obligation to make Loans to the Borrower in an aggregate amount not exceeding the
amount set forth for such Lender on the Commitment Schedule or in any Assignment Agreement delivered pursuant to Section 12.3, as such amount may be modified from time to time pursuant to the terms hereof. 
 “Commitment Schedule” means the Schedule identifying each Lender’s Commitment as of the Closing Date attached hereto and identified as
such. 
 “Consolidated Adjusted EBITDA” means, as to any Person for any period, the sum of Consolidated EBIT for such period
plus consolidated depreciation and amortization for such period. For Persons acquired by the Borrower or any Subsidiary during the relevant measurement period, their EBITDA results will be included in the calculation of Consolidated Adjusted
EBITDA as if those Persons were owned by the Borrower or such Subsidiary for the entire reporting period. Consolidated Adjusted EBITDA will be calculated on a rolling four-quarter basis. 
 “Consolidated Adjusted Net Income” means, as to any Person for any period, the Consolidated Net Income of such Person, provided that, for
Persons acquired by the Borrower or any Subsidiary during the relevant measurement period, their Consolidated Net Income will be included in the calculation of Consolidated Adjusted Net Income as if those Persons were owned by the Borrower or such
Subsidiary for the entire reporting period. Consolidated Adjusted Net Income will be calculated on a rolling four-quarter basis. 
 “Consolidated EBIT” means, as to any Person and with reference to any period, Consolidated Net Income plus, to the extent deducted from revenues in determining Consolidated Net Income, (i) Consolidated Interest Expense, and
(ii) expense for federal, state, local and foreign income and franchise taxes paid or accrued, all calculated for such Person and its Subsidiaries on a consolidated basis. 
 “Consolidated Interest Expense” means, as to any Person and with reference to any period, the interest expense of such Person and its
Subsidiaries calculated on a consolidated basis for such period including, without limitation, such interest expense as may be attributable to capitalized leases, receivables transaction financing costs, the discount or implied interest component of
off-balance sheet liabilities, all commissions, discounts and other fees and charges owed with respect to Letters of Credit and Net Mark-to-Market Exposure. 
 “Consolidated Net Income” means as to any Person and with reference to any period, the net income (or loss) of such Person and its Subsidiaries calculated on a consolidated basis for such period, excluding
any non-cash charges or gains which are unusual, non-recurring or extraordinary. 
  

 4 

 “Consolidated Total Debt” means (i) all indebtedness of the Borrower and its Subsidiaries,
on a consolidated basis, reflected on a balance sheet prepared in accordance with Agreement Accounting Principles, plus, without duplication (ii) the face amount of all outstanding Letters of Credit in respect of which the Borrower or any
Subsidiary has any reimbursement obligation and the principal amount of all Contingent Obligations of the Borrower and its Subsidiaries, plus Capitalized Lease Obligations, plus obligations arising from the sale of accounts receivable and other
forms of off-balance sheet financing, including Off-Balance Sheet Liabilities. 
 “Contingent Obligation” of a Person means any
agreement, undertaking or arrangement by which such Person assumes, guarantees, endorses, contingently agrees to purchase or provide funds for the payment of, or otherwise becomes or is contingently liable upon, the obligation or liability of any
other Person, or agrees to maintain the net worth or working capital or other financial condition of any other Person, or otherwise assures any creditor of such other Person against loss, including, without limitation, any comfort letter, operating
agreement, take-or-pay contract, application for a Letter of Credit or the obligations of any such Person as general partner of a partnership with respect to the liabilities of the partnership. 
 “Continuing Director” means, with respect to any Person as of any date of determination, any member of the board of directors of such Person
who (i) was a member of such board of directors on the Closing Date, or (ii) was nominated for election or elected to such board of directors with the approval of the required majority of the Continuing Directors who were members of such
board at the time of such nomination or election; provided that if any individual who is so elected or nominated in connection with a merger, consolidation, acquisition or similar transaction and who was not a Continuing Director prior thereto,
together with all other individuals so elected or nominated in connection with such merger, consolidation, acquisition or similar transaction who were not Continuing Directors prior thereto, constitute a majority of the members of the board of
directors of such Person, such individual shall not be a Continuing Director. 
 “Controlled Group” means all members of a
controlled group of corporations or other business entities and all trades or businesses (whether or not incorporated) under common control which, together with the Borrower or any of its Subsidiaries, are treated as a single employer under
Section 414 of the Code. 
 “Conversion/Continuation Notice” is defined in Section 2.5. 
 “Credit Party” means, collectively, the Borrower and each of the Guarantors. 
 “Default” means an event described in Article VII. 
 “Dental Holdings” means Patterson Dental Holdings, Inc., a Minnesota corporation. 
 “Designated Lender” means, with respect to each Designating Lender, each Eligible Designee designated by such Designating Lender pursuant to Section 12.1.2. 
  

 5 

 “Designating Lender” means, with respect to each Designated Lender, the Lender that designated
such Designated Lender pursuant to Section 12.1.2. 
 “Designation Agreement” is defined in Section 12.1.2. 

“Disqualified Stock” means any preferred or other capital stock that, by its terms (or by the terms of any security into which it is
convertible or for which it is exchangeable), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the option of the holder thereof, in whole or in part, on or
prior to the date that is ninety-one (91) days after the Maturity Date. 
 “Dollar” and “$” means the lawful
currency of the United States of America. 
 “Domestic Subsidiary” means any Subsidiary of any Person that is not a Foreign
Subsidiary. 
 “Eligible Designee” means a special purpose corporation, partnership, trust, limited partnership or limited
liability company that is administered by the respective Designating Lender or an Affiliate of such Designating Lender and (i) is organized under the laws of the United States of America or any state thereof, (ii) is engaged primarily in
making, purchasing or otherwise investing in commercial loans in the ordinary course of its business and (iii) issues (or the parent of which issues) commercial paper rated at least A-1 or the equivalent thereof by S&P or P-1 or the
equivalent thereof by Moody’s. 
 “Environmental Laws” means any and all applicable federal, state, local and foreign
statutes, laws, judicial decisions, regulations, ordinances, rules, judgments, orders, decrees, plans, injunctions, permits, concessions, grants, franchises, licenses, agreements and other governmental restrictions relating to (i) the
protection of the environment, (ii) the effect of the environment on human health, (iii) emissions, discharges or releases of pollutants, contaminants, hazardous substances or wastes into surface water, ground water or land, or
(iv) the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of pollutants, contaminants, hazardous substances or wastes or the clean-up or other remediation thereof. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and any rules or regulations promulgated
thereunder. 
 “Eurocurrency Borrowing” means a Borrowing which, except as otherwise provided in Section 2.8, bears interest
at the applicable Eurocurrency Rate. 
 “Eurocurrency Loan” means a Loan which, except as otherwise provided in Section 2.8,
bears interest at the applicable Eurocurrency Rate. 
 “Eurocurrency Rate” means, with respect to a Eurocurrency Borrowing for the
relevant Interest Period, the sum of (i) the result of (a) the Eurocurrency Reference Rate applicable to such Interest Period, divided by (b) one minus the Reserve Requirement (expressed as a decimal) applicable to such Interest
Period, if any, multiplied by (c) the Statutory Reserve Rate and (ii) the then Applicable Margin, changing as and when the Applicable Margin changes. 
  

 6 

 “Eurocurrency Reference Rate” means, with respect to a Eurocurrency Borrowing for the relevant
Interest Period, the applicable British Bankers’ Association Interest Settlement Rates for deposits in Dollars as reflected on the applicable Reuters screen as of 11:00 a.m. (London time) two (2) Business Days prior to the first day of
such Interest Period, and having a maturity equal to such Interest Period, provided that, if no such British Bankers’ Association LIBOR rate is available to the Agent, the applicable Eurocurrency Reference Rate for the relevant Interest
Period shall instead be the rate determined by the Agent to be the rate at which JPMorgan or one of its affiliate banks offers to place deposits in Dollars with first-class banks in the London interbank market at approximately 11:00 a.m. (London
time) two (2) Business Days prior to the first day of such Interest Period, in the approximate amount of JPMorgan’s relevant Eurocurrency Loan and having a maturity equal to such Interest Period. 
 “Excluded Taxes” means, in the case of each Lender and the Agent, taxes imposed on its overall net income, and franchise taxes imposed on it,
by (i) the jurisdiction under the laws of which such Lender or the Agent is incorporated or organized or any political combination or subdivision or taxing authority thereof or (ii) the jurisdiction in which the Agent’s or such
Lender’s principal executive office is located. 
 “Exhibit” refers to an exhibit to this Agreement, unless another document
is specifically referenced. 
 “Existing Revolving Credit Agreement” means the Amended and Restated Credit Agreement, dated as of
November 28, 2007, entered into among the Borrower, certain Subsidiaries of the Borrower, the Agent and the lenders party thereto, as amended or otherwise modified from time to time. 
 “Federal Funds Effective Rate” means, for any day, an interest 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 for such day (or, if such day is not a Business Day, for the immediately preceding Business Day) by the Federal Reserve Bank of
New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations at approximately 10:00 a.m. (Chicago time) on such day on such transactions received by the Agent from three (3) Federal funds
brokers of recognized standing selected by the Agent in its sole discretion. 
 “Floating Rate” means, for any day, a rate per
annum equal to the sum of (i) the Alternate Base Rate for such day, changing when and as the Alternate Base Rate changes plus (ii) the then Applicable Margin, changing as and when the Applicable Margin changes. 
 “Floating Rate Borrowing” means a Borrowing which, except as otherwise provided in Section 2.8, bears interest at the Floating Rate.

 “Floating Rate Loan” means a Loan which, except as otherwise provided in Section 2.8, bears interest at the Floating Rate.

 “Foreign Subsidiary” means (i) any Subsidiary that is not organized under the laws of a jurisdiction located in the United
States of America and (ii) any Subsidiary of a Person described in clause (i) hereof that is organized under the laws of a jurisdiction located in the United States of America. 
  

 7 

 “Foreign Subsidiary Investment” means the sum, without duplication, of (i) the aggregate
outstanding principal amount of all intercompany loans made on or after the Closing Date from any Credit Party to any Foreign Subsidiary; (ii) all outstanding Investments made on or after the Closing Date by any Credit Party in any Foreign
Subsidiary; and (iii) an amount equal to the net benefit derived by the Foreign Subsidiaries resulting from any non-arm’s-length transactions, or any other transfer of assets conducted, in each case entered into on or after the Closing
Date, between any Credit Party, on the one hand, and such Foreign Subsidiaries, on the other hand, other than (a) transactions in the ordinary course of business and (b) in respect of legal, accounting, reporting, listing and similar
administrative services provided by any Credit Party to any such Foreign Subsidiary in the ordinary course of business consistent with past practice. 
 “Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary
course of its business. 
 “Guarantor” means each of the Borrower’s Material Domestic Subsidiaries which become Guarantors in
satisfaction of the provisions of Section 6.23, in each case, together with their respective permitted successors and assigns. 
 “Guaranty” means the Guaranty, in substantially the form of Exhibit G, entered into by each Guarantor in favor of the Agent for the benefit of the Holders of Obligations, as the same may be amended, restated, supplemented or
otherwise modified from time to time. 
 “Holders of Obligations” means the holders of the Obligations and the Rate Management
Obligations and shall refer to (i) each Lender in respect of its Loan, (ii) the Agent and the Lenders in respect of all other present and future obligations and liabilities of the Borrower or any of its Domestic Subsidiaries of every type
and description arising under or in connection with this Agreement or any other Loan Document, (iii) each Person benefiting from indemnities made by the Borrower or any Subsidiary hereunder or under other Loan Documents in respect of the
obligations and liabilities of the Borrower or such Subsidiary to such Person, (iv) each Lender, in respect of all Rate Management Obligations owing to any Person in such Person’s capacity as exchange party or counterparty under any Rate
Management Transaction so long as such Person is (or, at the time such Person entered into such Rate Management Transaction, was) a Lender or an affiliate of a Lender, and (v) their respective permitted successors, transferees and assigns.

 “Indebtedness” of a Person means, at any time, without duplication, such Person’s (i) obligations for borrowed money,
(ii) obligations representing the deferred purchase price of Property or services (other than current accounts payable arising in the ordinary course of such Person’s business payable on terms customary in the trade),
(iii) obligations, whether or not assumed, secured by Liens or payable out of the proceeds or production from Property now or hereafter owned or acquired by such Person, (iv) obligations which are evidenced by notes, bonds, debentures,
acceptances, or other instruments, (v) obligations to purchase securities or other Property arising out of or in connection with the sale of the same or substantially similar 

  

 8 

 
securities or Property, (vi) Capitalized Lease Obligations, (vii) Contingent Obligations of such Person, (viii) reimbursement obligations
under letters of credit, bankers’ acceptances, surety bonds and similar instruments (ix) Off-Balance Sheet Liabilities, (x) obligations under Sale and Leaseback Transactions, (xi) Net Mark-to-Market Exposure under Rate Management
Transactions, (xii) Disqualified Stock, and (xiii) any other obligation for borrowed money or other financial accommodation which in accordance with Agreement Accounting Principles would be shown as a liability on the consolidated balance
sheet of such Person. 
 “Indemnification Letter” means a written agreement pursuant to which the Borrower agrees to indemnify the
Agent and the Lenders in accordance with Section 3.4 of this Agreement in the event any Eurocurrency Borrowing is not made on the Closing Date for any reason. 
 “Interest Expense Coverage Ratio” is defined in Section 6.21. 
 “Interest Period”
means, with respect to a Eurocurrency Borrowing, a period of one, two, three or six months, commencing on a Business Day selected by the Borrower pursuant to this Agreement. Such Interest Period shall end on but exclude the day which corresponds
numerically to such date one, two, three or six months thereafter, provided, however, that if there is no such numerically corresponding day in such next, second, third or sixth succeeding month, such Interest Period shall end on the last
Business Day of such next, second, third or sixth succeeding month. If an Interest Period would otherwise end on a day which is not a Business Day, such Interest Period shall end on the next succeeding Business Day, provided, however, that if
said next succeeding Business Day falls in a new calendar month, such Interest Period shall end on the immediately preceding Business Day. 
 “Investment” of a Person means any loan, advance (other than commission, travel, relocation and similar advances to directors, officers and employees made in the ordinary course of business), extension of credit (other than
accounts receivable arising in the ordinary course of business on terms customary in the trade) or contribution of capital by such Person; stocks, bonds, mutual funds, partnership interests, notes, debentures or other securities owned by such
Person; any deposit accounts and certificates of deposit owned by such Person; and structured notes, derivative financial instruments and other similar instruments or contracts owned by such Person. 
 “JPMorgan” means JPMorgan Chase Bank, National Association (successor by merger to Bank One, NA (Main Office Chicago)), in its individual
capacity, and its successors. 
 “Lenders” means the lending institutions listed on the signature pages of this Agreement and their
respective successors and assigns. 
 “Letter of Credit” of a Person means a letter of credit or similar instrument which is issued
upon the application of such Person or upon which such Person is an account party or for which such Person is in any way liable. 
 “Leverage Ratio” means, as the end of any of the Borrower’s fiscal quarters, the ratio of Consolidated Total Debt as of the end of such fiscal quarter to Consolidated Adjusted EBITDA for the four consecutive fiscal quarters
then ended; provided, that the Leverage Ratio shall be calculated, with respect to Permitted Acquisitions, on a pro forma basis using historical financial statements and containing reasonable adjustments satisfactory to the Agent, broken down by
fiscal quarter in the Borrower’s reasonable judgment. 
  

 9 

 “Lien” means any lien (statutory or other), mortgage, pledge, hypothecation, assignment,
deposit arrangement, encumbrance or preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including, without limitation, the interest of a vendor or lessor under any conditional sale,
Capitalized Lease or other title retention agreement, and, in the case of stock, stockholders agreements, voting trust agreements and all similar arrangements). 
 “Loan” means, with respect to a Lender, such Lender’s loan made pursuant to its commitment to lend set forth in Section 2.1 (and any conversion or continuation thereof). 
 “Loan Documents” means this Agreement, the Guaranty, and all other documents, instruments, notes (including any Notes issued pursuant to
Section 2.10 (if requested)) and agreements executed in connection herewith or therewith or contemplated hereby or thereby, as the same may be amended, restated or otherwise modified and in effect from time to time. 
 “Material Adverse Effect” means a material adverse effect on (i) the business, Property, condition (financial or otherwise), operations or
results of operations, performance or prospects of the Borrower and its Subsidiaries taken as a whole, (ii) the ability of the Borrower or any Subsidiary to perform its obligations under the Loan Documents, (iii) the validity or
enforceability of any of the Loan Documents or (iv) the rights or remedies of the Agent or the Lenders under any of the Loan Documents. 
 “Material Domestic Subsidiary” means (i) PDSI, Webster, Webster Management, Patterson Medical, Medical Holdings and Dental Holdings, and (ii) any other Domestic Subsidiary of the Borrower (other than an SPV) that meets
one or both of the following criteria: (i) such Domestic Subsidiary’s total assets, determined on a consolidated basis with its Subsidiaries is greater than or equal to fifteen percent (15%) of the consolidated total assets of the
Borrower and its Subsidiaries; or (ii) such Domestic Subsidiary’s Consolidated Adjusted Net Income is greater than or equal to fifteen percent (15%) of the Borrower’s Consolidated Adjusted Net Income, in each case for the four
consecutive fiscal quarters most recently ended. 
 “Material Indebtedness” means any Indebtedness in an outstanding principal
amount of $10,000,000 or more in the aggregate (or the equivalent thereof in any currency other than Dollars). 
 “Material Indebtedness
Agreement” means any agreement under which any Material Indebtedness was created or is governed or which provides for the incurrence of Indebtedness in an amount which would constitute Material Indebtedness (whether or not an amount of
Indebtedness constituting Material Indebtedness is outstanding thereunder). 
 “Maturity Date” means March 20, 2013.

 “Medical Holdings” means Patterson Medical Holdings, Inc., a Delaware corporation. 
 “Moody’s” means Moody’s Investors Services, Inc. and any successor thereto. 
  

 10 

 “Multiemployer Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of
ERISA, which is covered by Title IV of ERISA and to which the Borrower or any member of the Controlled Group is obligated to make contributions. 
 “Net Mark-to-Market Exposure” of a Person means, as of any date of determination, the excess (if any) of all unrealized losses over all unrealized profits of such Person arising from Rate Management Transactions. “Unrealized
losses” means the fair market value of the cost to such Person of replacing such Rate Management Transaction as of the date of determination (assuming the Rate Management Transaction were to be terminated as of that date), and “unrealized
profits” means the fair market value of the gain to such Person of replacing such Rate Management Transaction as of the date of determination (assuming such Rate Management Transaction were to be terminated as of that date). 
 “Non-U.S. Lender” is defined in Section 3.5(iv). 
 “Note” is defined in Section 2.10. 
 “Obligations” means all Loans, advances,
debts, liabilities, obligations, covenants and duties owing by the Borrower or any Subsidiary to the Agent, any Lender, the Arranger, any affiliate of the Agent, any Lender or the Arranger, or any indemnitee under the provisions of Section 9.6
or any other provisions of the Loan Documents, in each case of any kind or nature, present or future, arising under this Agreement or any other Loan Document, whether or not evidenced by any note, guaranty or other instrument, whether or not for the
payment of money, whether arising by reason of an extension of credit, loan, foreign exchange risk, guaranty, indemnification, or in any other manner, whether direct or indirect (including those acquired by assignment), absolute or contingent, due
or to become due, now existing or hereafter arising and however acquired. The term includes, without limitation, all interest, charges, expenses, fees, attorneys’ fees and disbursements, paralegals’ fees (in each case whether or not
allowed), and any other sum chargeable to the Borrower or any Subsidiary under this Agreement or any other Loan Document. 
 “Off-Balance Sheet Liability” of a Person means the principal component of (i) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (ii) any liability
under any Sale and Leaseback Transaction which is not a Capitalized Lease, (iii) any liability under any so-called “synthetic lease” or “tax ownership operating lease” transaction entered into by such Person, (iv) any
Receivables Purchase Facility or (v) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the consolidated balance sheets
of such Person, but excluding from this clause (v) all Operating Leases. 
 “Off-Balance Sheet Trigger Event” is defined in
Section 7.17. 
 “Operating Lease” of a Person means any lease of Property (other than a Capitalized Lease) by such Person as
lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more. 
 “Other Taxes” is defined in Section 3.5(ii). 
  

 11 

 “Outstanding Credit Exposure” means, as to any Lender at any time, the aggregate principal
amount of its Loan outstanding at such time. 
 “Participants” is defined in Section 12.2.1. 
 “Patterson Medical” means Patterson Medical Supply, Inc., a Minnesota corporation. 
 “Payment Date” means the last day of each March, June, September and December and the Maturity Date. 
 “PBGC” means the Pension Benefit Guaranty Corporation, or any successor thereto. 
 “PDSI” means Patterson Dental Supply, Inc., a Minnesota corporation. 
 “Permitted Acquisition” is defined in Section 6.13.5. 
 “Permitted Purchase Money Indebtedness” is defined in Section 6.14.5. 
 “Person”
means any natural person, corporation, firm, joint venture, partnership, limited liability company, association, enterprise, trust or other entity or organization, or any government or political subdivision or any agency, department or
instrumentality thereof. 
 “Plan” means an employee pension benefit plan, excluding any Multiemployer Plan, which is covered by
Title IV of ERISA or subject to the minimum funding standards under Section 412 of the Code as to which the Borrower or any member of the Controlled Group may have any liability. 
 “Pricing Schedule” means the Schedule identifying the Applicable Margin attached hereto and identified as such. 
 “Prime Rate” means a rate per annum equal to the rate of interest announced from time to time by JPMorgan as its prime rate in effect at its
principal office in New York City, changing when and as said prime rate changes. 
 “Projections” is defined in Section 4.1.7.

 “Pro Rata Share” means, with respect to any Lender, the percentage obtained by dividing such Lender’s Outstanding Credit
Exposure at such time by the Aggregate Outstanding Credit Exposure at such time. 
 “Property” of a Person means any and all
property, whether real, personal, tangible, intangible, or mixed, of such Person, or other assets owned, leased or operated by such Person. 
 “Purchase Price” means the total consideration and other amounts payable in connection with any Acquisition, including, without limitation, any portion of the consideration payable in cash, all Indebtedness, liabilities and
contingent obligations incurred or assumed in connection with such Acquisition and all transaction costs and expenses incurred in connection with such Acquisition, but exclusive of the value of any capital stock or other equity interests of the
Borrower or any Subsidiary issued as consideration for such Acquisition. 
  

 12 

 “Purchasers” is defined in Section 12.3.1. 
 “Rate Management Obligations” of a Person means any and all obligations of such Person, whether absolute or contingent and howsoever and
whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (i) any and all Rate Management Transactions, and (ii) any and all cancellations, buy
backs, reversals, terminations or assignments of any Rate Management Transactions. 
 “Rate Management Transaction” means any
transaction (including an agreement with respect thereto) now existing or hereafter entered into by the Borrower or a Subsidiary which is a rate swap, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index
swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, forward transaction, currency swap transaction, cross-currency rate swap transaction,
currency option or any other similar transaction (including any option with respect to any of these transactions) or any combination thereof, whether linked to one or more interest rates, foreign currencies, commodity prices, equity prices or other
financial measures. 
 “Receivables Purchase Documents” means each of (i) that certain Receivables Sale Agreement, dated as of
May 10, 2002, among the originators named therein and PDC Funding Company, LLC, as buyer and that certain Receivables Purchase Agreement dated as of May 10, 2002, among PDC Funding Company, LLC, the Borrower, Preferred Receivables Funding
Corporation, the financial institutions party thereto and JPMorgan (successor by merger to Bank One, NA (Main Office Chicago)), as agent, as such agreements may be amended, restated, extended or otherwise modified from time to time, (ii) that
certain Contract Purchase Agreement, dated as of April 27, 2007, among PDC Funding Company II, LLC, the Borrower, the financial institutions party thereto and U.S. Bank National Association, as agent, and that certain Receivables Sale
Agreement, dated as of April 27, 2007, among the originators named therein and PDC Funding Company II, LLC, as purchaser, which agreements amend and restate that certain Third Amended and Restated Contract Purchase Agreement, dated as of
June 19, 2002, among the Borrower, PDSI, Webster, U.S. Bank National Association, individually and as agent, and certain buyers identified therein, as such agreements may be amended, restated, extended or otherwise modified from time to time
and (iii) any comparable additional or replacement facility made available to the Borrower or any Subsidiary, provided that any such facility: (a) provides for the sale by the Borrower or such Subsidiary of rights to payment;
(b) evidences the intent of the parties that for accounting and all other purposes, such sale is to be treated as a sale by the Borrower or a Subsidiary, as the case may be, and a purchase by the transferee (and not as a lending transaction);
(c) provides for the delivery of such true sale, non-consolidation and other opinions of outside counsel as are then customary or required in connection with such a transaction; (d) the parties to such transaction treat such transaction as
a sale for all other accounting purposes; and (e) such sale is without recourse to the Borrower or such Subsidiary, except to the extent of normal and customary conditions and rights of limited recourse that are consistent with the opinions
referred to in clause (c) and with the treatment of such sale as a true sale for accounting purpose. 
  

 13 

 “Receivables Purchase Facility” means (i) the transactions contemplated by the Receivables
Purchase Documents and (ii) other sales (including licenses), with limited recourse, or no recourse, by PDSI, Webster, Webster Management, Patterson Medical, or Medical Holdings of Accounts derived from sales on contract of furnishings and
equipment (but not, however, (a) open account sales of supplies or (b) Accounts derived from provisions of services). 
 “Regulation D” means Regulation D of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor thereto or other regulation or official interpretation of said Board of Governors relating
to reserve requirements applicable to member banks of the Federal Reserve System. 
 “Regulation U” means Regulation U of the Board
of Governors of the Federal Reserve System as from time to time in effect and any successor or other regulation or official interpretation of said Board of Governors relating to the extension of credit by banks, non-banks and non-broker lenders for
the purpose of purchasing or carrying margin stocks applicable to member banks of the Federal Reserve System. 
 “Regulation X”
means Regulation X of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor or other regulation or official interpretation of said Board of Governors relating to the extension of credit by foreign
lenders for the purpose of purchasing or carrying margin stock (as defined therein). 
 “Reportable Event” means a reportable event
as defined in Section 4043 of ERISA and the regulations issued under such section, with respect to a Plan subject to Title IV of ERISA, excluding, however, such events as to which the PBGC has by regulation waived the requirement of
Section 4043(a) or (b) of ERISA that it be notified within 30 days of the occurrence of such event, provided, however, that a failure to meet the minimum funding standard of Section 412 of the Code and of Section 302 of
ERISA shall be a Reportable Event regardless of the issuance of any such waiver of the notice requirement in accordance with either Section 4043(a) or (b) of ERISA or Section 412(d) of the Code. 
 “Required Lenders” means Lenders in the aggregate having more than 50% of the Aggregate Outstanding Credit Exposure. 
 “Reserve Requirement” means, with respect to an Interest Period, the maximum aggregate reserve requirement (including all basic, supplemental,
marginal and other reserves) which is imposed under Regulation D on “Eurocurrency liabilities” (as defined in Regulation D). 
 “Risk-Based Capital Guidelines” is defined in Section 3.2. 
 “S&P” means Standard and Poor’s
Ratings Group, a division of The McGraw-Hill Companies, Inc., and any successor thereto. 
 “Sale and Leaseback Transaction” means
any sale or other transfer of Property by any Person with the intent to lease such Property as lessee. 
  

 14 

 “Schedule” refers to a specific schedule to this Agreement, unless another document is
specifically referenced. 
 “SEC” means the United States Securities and Exchange Commission, and any successor thereto.

 “Section” means a numbered section of this Agreement, unless another document is specifically referenced. 
 “Single Employer Plan” means a Plan maintained by the Borrower or any member of the Controlled Group for employees of the Borrower or any
member of the Controlled Group. 
 “Solvent” means, when used with respect to any Person, that at the time of determination:

  

	 	(i)	the fair value of its assets (both at fair valuation and at present fair saleable value) is equal to or in excess of the total amount of its liabilities, including, without
limitation, contingent liabilities; and 

  

	 	(ii)	it is then able and expects to be able to pay its debts as they mature; and 

  

	 	(iii)	it has capital sufficient to carry on its business as conducted and as proposed to be conducted. 

 With respect to contingent liabilities (such as litigation, guarantees and pension plan liabilities), such liabilities shall be computed at the amount
which, in light of all the facts and circumstances existing at the time, represent the amount which can reasonably be expected to become an actual or matured liability. 
 “SPV” means any special purpose entity established for the purpose of purchasing receivables in connection with a receivables securitization transaction permitted under the terms of this Agreement.

 “Statutory Reserve Rate” means, with respect to any currency, a fraction (expressed as a decimal), the numerator of which is the
number one and the denominator of which is the number one minus the aggregate of the maximum reserve, liquid asset, fees or similar requirements (including any marginal, special, emergency or supplemental reserves or other requirements) established
by any central bank, monetary authority, the Board of Governors of the Federal Reserve System, the Financial Services Authority, the European Central Bank or other governmental authority for any category of deposits or liabilities customarily used
to fund loans in such currency, expressed in the case of each such requirement as a decimal. Such reserve percentages shall, in the case of Dollar denominated Loans, include those imposed pursuant to Regulation D. Eurocurrency Loans shall be
deemed to be subject to such reserve, liquid asset or similar requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under any applicable law, rule or regulation,
including Regulation D. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve, liquid asset or similar requirement. 
  

 15 

 “Subordinated Indebtedness” of a Person means any Indebtedness of such Person the payment of
which is subordinated to payment of the Obligations to the written satisfaction of the Required Lenders. 
 “Subsidiary” of a
Person means (i) any corporation more than 50% of the outstanding securities having ordinary voting power of which shall at the time be owned or controlled, directly or indirectly, by such Person or by one or more of its Subsidiaries or by such
Person and one or more of its Subsidiaries, or (ii) any partnership, limited liability company, association, joint venture or similar business organization more than 50% of the ownership interests having ordinary voting power of which shall at
the time be so owned or controlled. Unless otherwise expressly provided, all references herein to a “Subsidiary” shall mean a Subsidiary of the Borrower. 
 “Substantial Portion” means, with respect to the Property of the Borrower and its Subsidiaries, Property which represents more than 10% of the consolidated assets of the Borrower and its Subsidiaries or
property which is responsible for more than 10% of the consolidated net sales or of the Consolidated Net Income of the Borrower and its Subsidiaries, in each case, as would be shown in the consolidated financial statements of the Borrower and its
Subsidiaries as at the end of the four fiscal quarter period ending with the fiscal quarter immediately prior to the fiscal quarter in which such determination is made (or if financial statements have not been delivered hereunder for that fiscal
quarter which ends the four fiscal quarter period, then the financial statements delivered hereunder for the quarter ending immediately prior to that quarter). 
 “Taxes” means any and all present or future taxes, duties, levies, imposts, deductions, charges or withholdings, and any and all liabilities with respect to the foregoing, but excluding Excluded Taxes and
Other Taxes. 
 “Transferee” is defined in Section 12.4. 
 “2003 Note Purchase Agreement” means the Note Purchase Agreement, dated as of November 15, 2003, entered into by the Borrower and certain
of its Subsidiaries with respect to their issuance and private placement of senior unsecured debt securities (the “2003 Senior Notes”), as such Note Purchase Agreement may be amended, modified or supplemented from time to time in a manner
that is not materially adverse to the interests of the Lenders; provided that no such amendment, modification or supplement shall increase the aggregate outstanding principal amount of the 2003 Senior Notes in excess of the original face amount
thereof (less any prepayments made in respect thereof). 
 “2003 Senior Notes” is defined in the definition of 2003 Note Purchase
Agreement. 
 “2008 Note Purchase Agreement” means the Note Purchase Agreement, dated as of March 2008, entered into by the
Borrower and certain of its Subsidiaries with respect to their issuance and private placement of senior unsecured debt securities (the “2008 Senior Notes”), as such Note Purchase Agreement may be amended, modified or supplemented from time
to time in a manner that is not materially adverse to the interests of the Lenders; provided that no such amendment, modification or supplement shall increase the aggregate outstanding principal amount of the 2008 Senior Notes in excess of the
original face amount thereof (less any prepayments made in respect thereof). 
  

 16 

 “2008 Senior Notes” is defined in the definition of 2008 Note Purchase Agreement. 

“Type” means, with respect to any Borrowing, its nature as a Floating Rate Borrowing or a Eurocurrency Borrowing and with respect to any
Loan, its nature as a Floating Rate Loan or a Eurocurrency Loan. 
 “Unfunded Liabilities” means the amount (if any) by which the
present value of all vested and unvested accrued benefits under each Single Employer Plan subject to Title IV of ERISA exceeds the fair market value of all such Plan’s assets allocable to such benefits, all determined as of the then most recent
valuation date for such Plan for which a valuation report is available, using PBGC actuarial assumptions for single employer plan terminations. 
 “Unmatured Default” means an event which but for the lapse of time or the giving of notice, or both, would constitute a Default. 
 “Webster” means Webster Veterinary Supply, Inc., a Minnesota corporation. 
 “Webster Management” means Webster
Management, LP, a Minnesota limited partnership. 
 “Weighted Average Life to Maturity” means when applied to any Indebtedness at
any date, the number of years obtained by dividing (i) the sum of the products obtained by multiplying (a) the amount of each then remaining installment, sinking fund, serial maturity or other required scheduled payments of principal,
including payment at final maturity, in respect thereof, by (b) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment, by (ii) the then outstanding principal amount of
such Indebtedness. 
 “Wholly-Owned Subsidiary” of a Person means (i) any Subsidiary all of the outstanding voting securities
(other than directors’ qualifying shares) of which shall at the time be owned or controlled, directly or indirectly, by such Person or one or more Wholly-Owned Subsidiaries of such Person, or by such Person and one or more Wholly-Owned
Subsidiaries of such Person, or (ii) any partnership, limited liability company, association, joint venture or similar business organization 100% of the ownership interests having ordinary voting power of which shall at the time be so owned or
controlled. 
 1.2. Plural Forms. The foregoing definitions shall be equally applicable to both the singular and plural forms of the
defined terms. 
 ARTICLE II 
 THE CREDITS 
 2.1. Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make a
term loan (“Loan”) to the Borrower in Dollars on the Closing Date in a principal amount equal to the amount of such Lender’s Commitment. Amounts repaid or prepaid in respect of the Loans may not be reborrowed. 
  

 17 

 2.2. Loans and Borrowings. 
 2.2.1 Each Loan shall be made as part of a single Borrowing consisting of Loans made by the Lenders ratably in accordance with their
respective Commitments. The failure of any Lender to make its Loan 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 its Loans as required. 
 2.2.2 Subject to Section 3.3, the Borrowing shall be comprised
entirely of Floating Rate Loans or Eurocurrency Loans as the Borrower may request in accordance herewith. 
 2.2.3
Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to elect to convert the Borrowing to, or continue the Borrowing as, a Eurocurrency Borrowing if the Interest Period requested with respect thereto would end
after the Maturity Date. 
 2.3. Method of Selecting Types. 
 2.3.1 The Borrower shall select the Type of Borrowing and, in the case of a Eurocurrency Borrowing, the Interest Period applicable
thereto. The Borrower shall give the Agent irrevocable written notice (a “Borrowing Notice”) not later than 11:00 a.m. (Chicago time) on the Borrowing Date for a Floating Rate Borrowing and three (3) Business Days before the Borrowing
Date for a Eurocurrency Borrowing, specifying the following: 
 (a) the Borrowing Date, which shall be a Business Day, of such Borrowing,

 (b) the aggregate amount of such Borrowing, 
 (c) the Type of Borrowing selected, 
 (d) in the case of a Eurocurrency Borrowing, the Interest Period
applicable thereto, and 
 (e) the payment instructions for the account of the Borrower to which such Borrowing shall be credited.

 2.3.2 Notwithstanding Section 2.3.1 hereof, unless the Borrower has delivered to the Agent an Indemnification Letter
on or 

  

 18 

 
before the third (3rd) Business Day prior to the Closing Date with respect to all Loans requested to be made as Eurocurrency Borrowings on the Closing
Date or on or before the third (3rd) Business Day thereafter, the Loans made on the Closing Date or on or before the third (3rd) Business Day thereafter shall initially be Floating Rate Loans and thereafter may be continued as Floating
Rate Loans or converted into Eurocurrency Loans in the manner provided in Section 2.5 and subject to the other conditions and limitations therein set forth and set forth in this Article II and set forth in the definition of Interest Period.

 2.4. Optional Principal Payments; Repayment of Loans. 
 2.4.1 The Borrower may from time to time pay, without penalty or premium, an outstanding Floating Rate Borrowing, or any portion of an
outstanding Floating Rate Borrowing, in a minimum aggregate amount of $5,000,000 or any integral multiple of $1,000,000 in excess thereof, upon one (1) Business Day’s prior notice to the Agent by 11:00 a.m. (Chicago time) on the date of
any anticipated repayment. The Borrower may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, an outstanding Eurocurrency Borrowing, or any portion of an
outstanding Eurocurrency Borrowing, in a minimum aggregate amount of $5,000,000 or any integral multiple of $1,000,000 in excess thereof, upon three (3) Business Days’ prior notice to the Agent. 
 2.4.2 The Borrower hereby unconditionally promises to pay to the Agent for the account of each Lender the then unpaid principal amount of
each Loan on the Maturity Date. 
 2.5. Conversion and Continuation of Outstanding Borrowings; No Conversion or Continuation of
Eurocurrency Borrowings After Default. 
 2.5.1 A Floating Rate Borrowing shall continue as a Floating Rate Borrowing
unless and until such Floating Rate Borrowing is converted into a Eurocurrency Borrowing pursuant to this Section 2.5 or is repaid in accordance with Section 2.4. A Eurocurrency Borrowing shall continue as a Eurocurrency Borrowing until
the end of the then applicable Interest Period therefor, at which time each such Eurocurrency Borrowing denominated in Dollars shall be automatically converted into a Floating Rate Borrowing unless (x) such Eurocurrency Borrowing is or was
repaid in accordance with Section 2.4 or (y) the Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Borrowing either continue as a
Eurocurrency Borrowing for the same or another Interest Period or be converted into a Floating Rate Borrowing. 
  

 19 

 2.5.2 Subject to the payment of any funding indemnification amounts required by
Section 3.4, the Borrower may elect from time to time to convert a Borrowing of any Type into any other Type of Borrowing; provided that any conversion of a Eurocurrency Borrowing shall be made on, and only on, the last day of the Interest
Period applicable thereto. Notwithstanding anything to the contrary contained in this Section 2.5 during the continuance of a Default or an Unmatured Default, the Agent may (or shall at the direction of the Required Lenders), by notice to the
Borrower, declare that no Borrowing may be made as, converted to or, following the expiration of any Interest Periods then in effect, continued as a Eurocurrency Borrowing. 
 2.5.3 The Borrower shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a
Borrowing or continuation of a Eurocurrency Borrowing not later than 12:00 noon (Chicago time) on the same Business Day, in the case of a conversion into a Floating Rate Borrowing or three (3) Business Days, in the case of a conversion into or
continuation of a Eurocurrency Borrowing, prior to the date of the requested conversion or continuation, specifying: 
 (i) the requested
date, which shall be a Business Day, of such conversion or continuation, and 
 (ii) the amount and Type of Borrowing into which such
Borrowing is to be converted or continued and, in the case of a conversion into or continuation of a Eurocurrency Borrowing, the duration of the Interest Period applicable thereto. 
 2.6. Method of Borrowing. On the Borrowing Date, each Lender shall make available its Loan not later than 12:00 noon, Chicago time, in Federal or
other funds immediately available to the Agent, in Chicago, Illinois at its address specified in or pursuant to Article XIII. Unless the Agent determines that any applicable condition specified in Article IV has not been satisfied, the Agent will
make the funds so received from the Lenders available to the Borrower at the Agent’s aforesaid address or, if applicable, to the Borrower’s account specified on the Borrowing Notice. 
 2.7. Changes in Interest Rate, etc. Each Floating Rate Borrowing shall bear interest on the outstanding principal amount thereof, for each day
from and including the date such Borrowing is made or is automatically converted from a Eurocurrency Borrowing into a Floating Rate Borrowing pursuant to Section 2.5, to but excluding the date it is paid or is converted into a Eurocurrency
Borrowing pursuant to Section 2.5 hereof, at a rate per annum equal to the Floating 

  

 20 

 
Rate for such day. Changes in the rate of interest on any Borrowing maintained as a Floating Rate Borrowing will take effect simultaneously with each change
in the Alternate Base Rate. Each Eurocurrency Borrowing shall bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest
Period at the Eurocurrency Rate determined by the Agent as applicable to such Eurocurrency Borrowing based upon the Borrower’s selections under Sections 2.3 and 2.5 and otherwise in accordance with the terms hereof. 
 2.8. Rates Applicable After Default. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower
(which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (i) each Eurocurrency Borrowing shall
bear interest for the remainder of the applicable Interest Period at a rate per annum equal to the Floating Rate in effect from time to time plus 2% per annum and (ii) each Floating Rate Borrowing shall bear interest at a rate per annum
equal to the Floating Rate in effect from time to time plus 2% per annum, provided that, during the continuance of a Default under Section 7.2, 7.3 (solely arising as a result of a breach of any of Sections 6.20 through 6.22), 7.6 or 7.7,
the interest rates set forth in clauses (i) and (ii) above shall be applicable to all Loans, Borrowings, fees and other Obligations hereunder without any election or action on the part of the Agent or any Lender. 
 2.9. Method of Payment. Each Borrowing shall be repaid and each payment of interest thereon shall be paid in Dollars. All payments of the
Obligations hereunder shall be made, without setoff, deduction, or counterclaim, in immediately available funds to the Agent at (except as set forth in the next sentence) the Agent’s address specified pursuant to Article XIII, by 12:00 noon
(local time) on the date when due and shall be applied ratably by the Agent among the Lenders. Each payment delivered to the Agent for the account of any Lender shall be delivered promptly by the Agent to such Lender in the same type of funds that
the Agent received at its address specified pursuant to Article XIII. The Agent is hereby authorized to charge the account of the Borrower maintained with JPMorgan for each payment of the Obligations as it becomes due hereunder. 
 2.10. Noteless Agreement; Evidence of Indebtedness. 
  

	 	(i)	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 the Loan made by
such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. 

  

	 	(ii)	The Agent shall also maintain accounts in which it will record (a) the date and the amount of each Loan made hereunder and Type thereof and the Interest Period (in the case of
a Eurocurrency Borrowing) with respect thereto, (b) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder, (c) the effective date and amount of each Assignment
Agreement delivered to and accepted by it and the parties thereto pursuant to Section 12.3, (d) the amount of any sum received by the Agent hereunder from the Borrower and each Lender’s share thereof, and (e) all other
appropriate debits and credits as provided in this Agreement, including, without limitation, all fees, charges, expenses and interest. 

  

 21 

	 	(iii)	The entries maintained in the accounts maintained pursuant to paragraphs (i) and (ii) above shall be prima facie evidence of the existence and amounts of the Obligations
therein recorded; provided, however, that the failure of the Agent or any Lender to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay the Obligations in accordance with their
terms. 

  

	 	(iv)	Any Lender may request that its Loan be evidenced by a promissory note (collectively, the “Notes”) in substantially the form of Exhibit D. In such event, the Borrower
shall prepare, execute and deliver to such Lender such Note payable to the order of such Lender or its registered assigns. Thereafter, the Loan evidenced by such Note and interest thereon shall at all times (prior to any assignment pursuant to
Section 12.3) be represented by a Note payable to the order of the payee named therein, except to the extent that any such Lender subsequently returns any such Note for cancellation and requests that such Loan once again be evidenced as
described in paragraphs (i) and (ii) above. 

 2.11. Telephonic Notices. The Borrower hereby authorizes the
Lenders and the Agent to extend, convert or continue Borrowings, effect selections of Types of Borrowings and to transfer funds based on telephonic notices made by any person or persons the Agent or any Lender in good faith believes to be acting on
behalf of the Borrower, it being understood that the foregoing authorization is specifically intended to allow Borrowing Notices and Conversion/Continuation Notices to be given telephonically. The Borrower agrees to deliver promptly to the Agent a
written confirmation, signed by an Authorized Officer of the Borrower, if such confirmation is requested by the Agent or any Lender, of each telephonic notice. If the written confirmation differs in any material respect from the action taken by the
Agent and the Lenders, the records of the Agent and the Lenders shall govern absent manifest error. 
 2.12. Interest Payment Dates;
Interest and Fee Basis. Interest accrued on each Floating Rate Borrowing shall be payable in arrears on each Payment Date, commencing with the first Payment Date to occur after the Closing Date, on any date on which the Floating Rate Borrowing
is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on the outstanding principal amount of any Floating Rate Borrowing converted into a Eurocurrency Borrowing on a day other than a Payment Date shall be payable on
the date of conversion. Interest accrued on each Eurocurrency Borrowing shall be payable on the last day of its applicable Interest Period, on any date on which such Eurocurrency Borrowing is prepaid, whether by acceleration or otherwise, and at
maturity. Interest accrued on each Eurocurrency Borrowing having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurocurrency
Borrowings, and all other fees hereunder shall be calculated for actual days elapsed on the basis of a 360-day year. Interest on Floating Rate Borrowings shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall
be payable for the day a Borrowing is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (local time) at the place of payment. If any payment of principal of or interest on a 

  

 22 

 
Borrowing, any fees or any other amounts payable to the Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment
shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment. 
 2.13. Notification of Borrowings, Interest Rates and Prepayments. Promptly after receipt thereof, the Agent will notify each Lender of the
contents of each Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify the Borrower and each Lender of the interest rate applicable to each Eurocurrency Borrowing promptly upon
determination of such interest rate and will give the Borrower and each Lender prompt notice of each change in the Alternate Base Rate. 
 2.14. Non-Receipt of Funds by the Agent. Unless the Borrower or a Lender, as the case may be, notifies the Agent prior to the date on which it is scheduled to make payment to the Agent of (i) in the case of a Lender, the
proceeds of a Loan or (ii) in the case of the Borrower, a payment of principal, interest or fees to the Agent for the account of the Lenders, that it does not intend to make such payment, the Agent may assume that such payment has been made.
The Agent may, but shall not be obligated to, make the amount of such payment available to the intended recipient in reliance upon such assumption. If such Lender or the Borrower, as the case may be, has not in fact made such payment to the Agent,
the recipient of such payment shall, on demand by the Agent, repay to the Agent the amount so made available together with interest thereon in respect of each day during the period commencing on the date such amount was so made available by the
Agent until the date the Agent recovers such amount at a rate per annum equal to (x) in the case of payment by a Lender, the greater of (i) the Federal Funds Effective Rate for such day for the first three days and, thereafter, the
interest rate applicable to the relevant Loan and (ii) a rate determined by the Agent in accordance with banking industry rules on interbank compensation or (y) in the case of payment by the Borrower, the interest rate applicable to the
relevant Loan. 
 2.15. Replacement of Lender. If the Borrower is required pursuant to Section 3.1, 3.2 or 3.5 to make any
additional payment to any Lender or if any Lender’s obligation to make or continue, or to convert a Floating Rate Borrowing into, a Eurocurrency Borrowing shall be suspended pursuant to Section 3.3 (any Lender so affected an “Affected
Lender”), the Borrower may elect, if such amounts continue to be charged or such suspension is still effective, to terminate or replace such Affected Lender, provided that no Default or Unmatured Default shall have occurred and be
continuing at the time of such termination or replacement, and provided further that, concurrently with such termination or replacement, (i) if the Affected Lender is being replaced, another bank or other entity which is reasonably satisfactory
to the Borrower and the Agent shall agree, as of such date, to purchase for cash the Outstanding Credit Exposure of the Affected Lender pursuant to an Assignment Agreement substantially in the form of Exhibit C and to become a Lender for all
purposes under this Agreement and to assume all obligations of the Affected Lender to be terminated as of such date and to comply with the requirements of Section 12.3 applicable to assignments, and (ii) the Borrower shall pay to such
Affected Lender in immediately available funds on the day of such replacement (A) all interest, fees and other amounts then accrued but unpaid to such Affected Lender by the Borrower hereunder to and including the date of termination, including
without limitation payments due to such Affected Lender under Sections 3.1, 3.2 and 3.5, and (B) an amount, if any, equal to the payment which 

  

 23 

 
would have been due to such Lender on the day of such replacement under Section 3.4 had the Loan of such Affected Lender been prepaid on such date
rather than sold to the replacement Lender, in each case to the extent not paid by the replacement Lender and (iii) if the Affected Lender is being terminated, the Borrower shall pay to such Affected Lender all Obligations due to such Affected
Lender (including the amounts described in the immediately preceding clauses (i) and (ii) plus the outstanding principal balance of such Affected Lender’s Loan). 
 ARTICLE III 
 YIELD PROTECTION; TAXES 
 3.1. Yield Protection. If, on or after the Closing Date, the adoption of any law or any governmental or quasi-governmental rule, regulation,
policy, guideline or directive (whether or not having the force of law), or any change in any such law, rule, regulation, policy, guideline or directive or in the interpretation or administration thereof by any governmental or quasi-governmental
authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any Lender with any request or directive (whether or not having the force of law) of any such authority, central bank or
comparable agency: 
  

	 	(i)	subjects any Lender to any Taxes, or changes the basis of taxation of payments (other than with respect to Excluded Taxes) to any Lender in respect of its Loan, or

  

	 	(ii)	imposes or increases or deems applicable any reserve, assessment, insurance charge, special deposit or similar requirement against assets of, deposits with or for the account of, or
credit extended by, any Lender (other than reserves and assessments taken into account in determining the interest rate applicable to Eurocurrency Borrowings) with respect to its Loan, or 

  

	 	(iii)	imposes any other condition the result of which is to increase the cost to any Lender of making, funding or maintaining its Loan, or reduces any amount receivable by any Lender in
connection with its Loan, or requires any Lender to make any payment calculated by reference to the amount of the Loan held or interest received by it, by an amount deemed material by such Lender, as applicable, 

 (and such event being a “Change in Law”) and the result of any of the foregoing is to increase the cost to such Lender of making or maintaining its Loan or to
reduce the return received by such Lender in connection with such Loan, then, within 15 days of demand, accompanied by the written statement required by Section 3.6, by such Lender, the Borrower shall pay such Lender such additional amount or
amounts as will compensate such Lender for such increased cost or reduction in amount received. 
 3.2. Changes in Capital Adequacy
Regulations. If a Lender determines the amount of capital required or expected to be maintained by such Lender or any corporation controlling such Lender is increased as a result of a Change in Capital Adequacy Regulations, then, within 15 days
of demand, accompanied by the written statement required by Section 3.6, by such Lender, 

  

 24 

 
the Borrower shall pay such Lender the amount necessary to compensate for any shortfall in the rate of return on the portion of such increased capital which
such Lender determines is attributable to this Agreement or its Outstanding Credit Exposure hereunder (after taking into account such Lender’s policies as to capital adequacy). “Change in Capital Adequacy Regulations” means
(i) any change after the Closing Date in the Risk-Based Capital Guidelines or (ii) any adoption of, or change in, or change in the interpretation or administration of any other law, governmental or quasi-governmental rule, regulation,
policy, guideline, interpretation, or directive (whether or not having the force of law) after the Closing Date which affects the amount of capital required or expected to be maintained by any Lender or any corporation controlling any Lender.
“Risk-Based Capital Guidelines” means the risk-based capital guidelines in effect in the United States on the Closing Date, including transition rules. 
 3.3. Availability of Types of Borrowings. If (x) any Lender determines that maintenance of its Eurocurrency Loan would violate any applicable law, rule, regulation, or directive, whether or not having the
force of law, or (y) the Required Lenders determine that (i) deposits of a type, currency and maturity appropriate to match fund Eurocurrency Borrowings are not available or (ii) the interest rate applicable to Eurocurrency Borrowings
or does not accurately reflect the cost of making or maintaining Eurocurrency Borrowings, or (iii) no reasonable basis exists for determining the Eurocurrency Reference Rate, then the Agent shall suspend the availability of Eurocurrency
Borrowings and require any affected Eurocurrency Borrowings to be repaid or converted to Floating Rate Borrowings on the respective last days of the then current Interest Periods with respect to such Loans or within such earlier period as required
by law, subject to the payment of any funding indemnification amounts required by Section 3.4. 
 3.4. Funding Indemnification.
If any payment of a Eurocurrency Borrowing occurs on a date which is not the last day of the applicable Interest Period, whether because of acceleration, prepayment or otherwise, or a Eurocurrency Borrowing is not made or continued, or a Floating
Rate Borrowing is not converted into a Eurocurrency Borrowing, on the date specified by the Borrower for any reason other than default by the Lenders, or a Eurocurrency Borrowing is not prepaid on the date specified by the Borrower for any reason,
the Borrower will, indemnify each Lender for any reasonable loss or cost incurred by it resulting therefrom, including, without limitation, any reasonable loss or cost in liquidating or employing deposits acquired to fund or maintain such
Eurocurrency Borrowing. 
 3.5. Taxes. (i) All payments by the Borrower to or for the account of any Lender or the Agent
hereunder or under any Note shall be made free and clear of and without deduction for any and all Taxes. If the Borrower shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder to any Lender or the Agent,
(a) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 3.5) such Lender or the Agent (as the case may be) receives an
amount equal to the sum it would have received had no such deductions been made, (b) the Borrower shall make such deductions, (c) the Borrower shall pay the full amount deducted to the relevant authority in accordance with applicable law
and (d) the Borrower shall furnish to the Agent the original copy of a receipt evidencing payment thereof or, if a receipt cannot be obtained with reasonable efforts, such other evidence of payment as is reasonably acceptable to the Agent, in
each case within 30 days after such payment is made. 
  

 25 

	 	(ii)	In addition, the Borrower shall pay any present or future stamp or documentary taxes and any other excise or property taxes, charges or similar levies which arise from any payment
made hereunder or under any Note or from the execution or delivery of, or otherwise with respect to, this Agreement or any Note or any other Loan Document (“Other Taxes”). 

  

	 	(iii)	The Borrower shall indemnify the Agent and each Lender for the full amount of Taxes or Other Taxes (including, without limitation, any Taxes or Other Taxes imposed on amounts
payable under this Section 3.5) paid by the Agent or such Lender as a result of any Loan made by it hereunder, or otherwise in connection with its participation in this Agreement and any liability (including penalties, interest and expenses)
arising therefrom or with respect thereto. Payments due under this indemnification shall be made within 30 days of the date the Agent or such Lender makes demand therefor pursuant to Section 3.6. 

  

	 	(iv)	Each Lender that is not incorporated under the laws of the United States of America or a state thereof (each a “Non-U.S. Lender”) agrees that it will, not more than ten
Business Days after the date on which it becomes a party to this Agreement (but in any event before a payment is due to it hereunder), (i) deliver to each of the Borrower and the Agent two duly completed copies of United States Internal Revenue
Service Form W-8BEN or W-8ECI or successor forms, certifying in either case that such Non-U.S. Lender is entitled to receive payments under this Agreement or under any Note without deduction or withholding of any United States federal income taxes,
or (ii) in the case of a Non-U.S. Lender that is fiscally transparent, deliver to the Agent a United States Internal Revenue Service Form W-8IMY or successor form together with the applicable accompanying duly completed copies of United States
Internal Revenue Service applicable Forms W-8 or W-9 or successor forms, as the case may be, and certify that it is entitled to an exemption from United States withholding tax. Each Non-U.S. Lender further undertakes to deliver to each of the
Borrower and the Agent renewals or additional copies of such form (or any successor form) (x) on or before the date that such form expires or becomes obsolete, (y) after the occurrence of any event requiring a change in the most recent
forms so delivered by it, and (z) from time to time upon reasonable request by the Borrower or the Agent. All forms or amendments described in the preceding sentence shall certify that such Lender is entitled to receive payments under this
Agreement without deduction or withholding of any United States federal income taxes, unless an event (including without limitation any change in treaty, law or regulation) has occurred prior to the date on which any such delivery would otherwise be
required which renders all such forms inapplicable or which would prevent such Lender from duly completing and delivering any such form or amendment with respect to it and such Lender advises the Borrower and the Agent that it is not capable of
receiving payments without any deduction or withholding of United States federal income tax. 

  

	 	(v)	 For any period during which a Non-U.S. Lender has failed to provide the Borrower with an appropriate form pursuant to clause (iv) above (unless such 

  

 26 

	 	 
failure is due to a change in treaty, law or regulation, or any change in the interpretation or administration thereof by any governmental authority,
occurring subsequent to the date on which a form originally was required to be provided), such Non-U.S. Lender shall not be entitled to indemnification under this Section 3.5 with respect to Taxes imposed by the United States; provided that,
should a Non-U.S. Lender which is otherwise exempt from or subject to a reduced rate of withholding tax become subject to Taxes because of its failure to deliver a form required under clause (iv) above, the Borrower shall take such steps as
such Non-U.S. Lender shall reasonably request to assist such Non-U.S. Lender to recover such Taxes. 

  

	 	(vi)	Any Lender that is entitled to an exemption from or reduction of withholding tax with respect to payments under this Agreement or any Note pursuant to the law of any relevant
jurisdiction or any treaty shall deliver to the Borrower (with a copy to the Agent), at the time or times prescribed by applicable law, such properly completed and executed documentation prescribed by applicable law as will permit such payments to
be made without withholding or at a reduced rate. 

  

	 	(vii)	If the U.S. Internal Revenue Service or any other governmental authority of the United States or any other country or any political subdivision thereof asserts a claim that the
Agent did not properly withhold tax from amounts paid to or for the account of any Lender (because the appropriate form was not delivered or properly completed, because such Lender failed to notify the Agent of a change in circumstances which
rendered its exemption from withholding ineffective, or for any other reason), such Lender shall indemnify the Agent fully for all amounts paid, directly or indirectly, by the Agent as tax, withholding therefor, or otherwise, including penalties and
interest, and including taxes imposed by any jurisdiction on amounts payable to the Agent under this subsection, together with all costs and expenses related thereto (including attorneys fees of attorneys for the Agent, which attorneys may be
employees of the Agent). The obligations of the Lenders under this Section 3.5(vii) shall survive the payment of the Obligations and termination of this Agreement. 

 3.6. Lender Statements; Survival of Indemnity. Each Lender shall deliver a written statement of such Lender to the Borrower (with a copy to the
Agent) as to the amount due, if any, under Section 3.1, 3.2, 3.4 or 3.5. Such written statement shall set forth in reasonable detail the calculations upon which such Lender determined such amount and shall be final, conclusive and binding on
the Borrower in the absence of manifest error. Determination of amounts payable under such Sections in connection with a Eurocurrency Loan shall be calculated as though each Lender funded its Eurocurrency Loan through the purchase of a deposit of
the type, currency and maturity corresponding to the deposit used as a reference in determining the Eurocurrency Rate applicable to such Loan, whether in fact that is the case or not. Unless otherwise provided herein, the amount specified in the
written statement of any Lender shall be payable on demand after receipt by the Borrower of such written statement. The obligations of the Borrower under Sections 3.1, 3.2, 3.4 and 3.5 shall survive payment of the Obligations and termination of this
Agreement. Failure or delay on the part of any Lender to demand compensation pursuant to Sections 3.1, 3.2, 3.4 or 3.5 shall not constitute a waiver of such 

  

 27 

 
Lender’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender (or such Lender’s holding
company) for any amounts payable pursuant to Section 3.1, 3.2, 3.4 or 3.5 incurred more than 180 days prior to the date such Lender notifies the Borrower of the applicable Change in Law (as described in Section 3.1), the applicable Change
in Capital Adequacy Regulations (as described in Section 3.2), the applicable event giving rise to funding indemnification (as described in Section 3.4) or the applicable Taxes (as described in Section 3.5) and of such Lender’s
intention, as the case may be, to claim compensation therefor; provided further that, if any Change in Law or Change in Capital Adequacy Regulations or Taxes giving rise to such requested amounts is retroactive, then the 180-day period referred to
above shall be extended to include the period of retroactive effect thereof. 
 3.7. Alternative Lending Office. To the extent
reasonably possible, each Lender shall designate an alternate lending office or branch with respect to its Eurocurrency Loan to reduce any liability of the Borrower to such Lender under Sections 3.1, 3.2 and 3.5 or to avoid the unavailability of
Eurocurrency Borrowings under Section 3.3, so long as such designation is not, in the judgment of such Lender, reasonably disadvantageous to such Lender. A Lender’s designation of an alternative lending office or branch shall not affect
the Borrower’s rights under Section 2.15 to replace a Lender. 
 ARTICLE IV 
 CONDITIONS PRECEDENT 
 4.1.
Effectiveness of this Agreement. This Agreement shall not become effective, unless on or before March 31, 2008, the following conditions precedent have been satisfied as determined by the Agent in its reasonable discretion and the
Borrower has furnished to the Agent with sufficient copies for the Lenders: 
 4.1.1 Copies of the articles or certificate of
incorporation (or the equivalent thereof) of each Credit Party, in each case, together with all amendments thereto, and a certificate of good standing, each certified by the appropriate governmental officer in its jurisdiction of organization and
accompanied by a certification by the Secretary or Assistant Secretary of such Credit Party that there have been no changes in the matters certified by such governmental officer since the date of such governmental officer’s certification.

 4.1.2 Copies, certified by the Secretary or Assistant Secretary (or the equivalent thereof) of each Credit Party, in each
case, of its by-laws and of its Board of Directors’ resolutions and of resolutions or actions of any other body authorizing the execution of the Loan Documents to which such Credit Party is a party. 
 4.1.3 An incumbency certificate, executed by the Secretary or Assistant Secretary (or the equivalent thereof) of each Credit Party which
shall identify by name and title and bear the signatures of the Authorized Officers and any other officers of each such Credit Party 

  

 28 

 
authorized to sign the Loan Documents to which it is a party, upon which certificate the Agent and the Lenders shall be entitled to rely until informed of
any change in writing by the applicable Credit Party. 
 4.1.4 A certificate reasonably acceptable to the Agent signed by the
chief financial officer of the Borrower, stating that on the Closing Date (a) no Default or Unmatured Default has occurred and is continuing, (b) all of the representations and warranties in Article V shall be true and correct as of such
date, (c) no injunction or temporary restraining or other order has been filed or, to the knowledge of the chief financial officer, is threatened against the Borrower or any of its Subsidiaries, (d) no litigation, arbitration, governmental
investigation, proceeding or inquiry is pending or, to the knowledge of the chief financial officer, threatened against or affecting the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse
Effect, (e) the Borrower is in compliance with all applicable requirements of Regulations U, T and X of the Board of Governors of the Federal Reserve System and (f) no material adverse change in the business, Property, condition (financial
or otherwise), operations or results of operations, performance or prospects of the Borrower and its Subsidiaries taken as a whole has occurred since April 28, 2007. 
 4.1.5 Written opinion of Matthew Levitt, counsel to the Credit Parties, in form and substance reasonably satisfactory to the Agent and
addressed to the Lenders in substantially the form of Exhibit A hereto. 
 4.1.6 Duly executed originals of this Agreement
from each of the Credit Parties parties thereto and duly executed originals of any Note(s) requested by a Lender pursuant to Section 2.10 payable to the order of each such requesting Lender. 
 4.1.7 Projections for the five fiscal years following the Closing Date (the “Projections”), together with such information as
the Agent may reasonably request to confirm the tax, legal and business assumptions made in such Projections. 
 4.1.8
Evidence satisfactory to the Agent that the Borrower has paid to the Agent and the Arranger all fees and other amounts due and payable on or prior to the Closing Date, including (i) the fees agreed to in the fee letter dated February 22,
2008, among the Agent, the Arranger and the Borrower and (ii) reimbursement or payment of all reasonable out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder. 
  

 29 

 4.1.9 Such other documents as any Lender or its counsel may have reasonably requested,
including, without limitation, those documents set forth in Exhibit F hereto. 
 4.1.10 On or about the date of the funding
of the Loans by the Lenders hereunder, the Borrower shall issue Senior Notes in an aggregate principal amount not less than $250 million pursuant to a Note Purchase Agreement in form and substance reasonably acceptable to the Agent. 
 4.1.11 Prior to the funding of the Loans by the Lenders hereunder, the Borrower shall enter into an amendment to Borrower’s Existing
Revolving Credit Agreement in form and substance reasonably acceptable to the Agent. 
 ARTICLE V 
 REPRESENTATIONS AND WARRANTIES 
 Each
Borrower represents and warrants to each Lender and the Agent as of the Closing Date: 
 5.1. Existence and Standing. Each of the
Borrower and its Subsidiaries is a corporation, partnership (in the case of Subsidiaries only) or limited liability company duly and properly incorporated or organized, as the case may be, validly existing and (to the extent such concept applies to
such entity) in good standing under the laws of its jurisdiction of incorporation or organization, (ii) has all requisite corporate, partnership or limited liability company power and authority, as the case may be, to own, operate and encumber
its Property and (iii) is qualified to do business and is in good standing (to the extent such concept applies to such entity) in all jurisdictions where the nature of the business conducted by it makes such qualification necessary and where
failure to so qualify would reasonably be expected to have a Material Adverse Effect. 
 5.2. Authorization and Validity. Each Credit
Party has the requisite corporate, partnership or limited liability company power and authority and legal right to execute and deliver the Loan Documents to which it is a party and to perform its obligations thereunder. The execution and delivery by
each Credit Party of the Loan Documents to which it is a party and the performance of its obligations thereunder have been duly authorized by proper corporate, partnership or limited liability company, as the case may be, proceedings, and the Loan
Documents to which each Credit Party is a party constitute legal, valid and binding obligations of such Credit Party enforceable against such Credit Party in accordance with their terms, except as enforceability may be limited by
(i) bankruptcy, insolvency, fraudulent conveyances, reorganization or similar laws relating to or affecting the enforcement of creditors’ rights generally; (ii) general equitable principles (whether considered in a proceeding in
equity or at law); and (iii) requirements of reasonableness, good faith and fair dealing. 
 5.3. No Conflict; Government
Consent. Neither the execution and delivery by any Credit Party of the Loan Documents to which it is a party, nor the consummation by such Credit 

  

 30 

 
Party of the transactions therein contemplated, nor compliance by such Credit Party with the provisions thereof will violate (i) any applicable law,
rule, regulation, order, writ, judgment, injunction, decree or award binding on such Credit Party or (ii) such Credit Party’s articles or certificate of incorporation, partnership agreement, certificate of partnership, articles or
certificate of organization, by-laws, or operating agreement or other management agreement, as the case may be, or (iii) the provisions of any indenture, instrument or agreement to which such Credit Party is a party or is subject, or by which
it, or its Property, is bound, or conflict with, or constitute a default under, or result in, or require, the creation or imposition of any Lien in, of or on the Property of such Credit Party pursuant to the terms of, any such indenture, instrument
or agreement. No order, consent, adjudication, approval, license, authorization, or validation of, or filing, recording or registration with, or exemption by, or other action in respect of any governmental or public body or authority, or any
subdivision thereof, which has not been obtained by any Credit Party, is required to be obtained by such Credit Party in connection with the execution and delivery of the Loan Documents, the borrowings under this Agreement, the payment and
performance by the Credit Parties of the Obligations or the legality, validity, binding effect or enforceability of any of the Loan Documents. 
 5.4. Financial Statements. The April 28, 2007 consolidated financial statements of the Borrower and its Subsidiaries heretofore delivered to the Agent and the Lenders, were prepared in accordance with generally accepted
accounting principles in effect on the date such statements were prepared and fairly present the consolidated financial condition and operations of the Borrower and its Subsidiaries, at such date and the consolidated results of their operations for
the period then ended. 
 5.5. Material Adverse Change. Since April 28, 2007, there has been no change in the business, Property,
condition (financial or otherwise), operations or results of operations, performance or prospects of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect. 
 5.6. Taxes. The Borrower and the Subsidiaries have filed all United States federal tax returns and all other tax returns which are required to be
filed and have paid all taxes due pursuant to said returns or pursuant to any assessment received by the Borrower or any Subsidiaries, except in respect of such taxes, if any, as are being contested in good faith and as to which adequate reserves
have been provided in accordance with Agreement Accounting Principles and as to which no Lien exists (except as permitted by Section 6.15.1) and as to which the failure to file such return or pay such taxes could not reasonably be expected to
have a Material Adverse Effect. The United States income tax returns of the Borrower and the Subsidiaries have been audited by the Internal Revenue Service through the fiscal year ended April 30, 2005. No liens have been filed and no claims are
being asserted with respect to such taxes. The charges, accruals and reserves on the books of the Borrower and the Subsidiaries in respect of any taxes or other governmental charges are adequate. 
 5.7. Litigation and Contingent Obligations. There is no litigation, arbitration, governmental investigation, proceeding or inquiry pending or, to
the knowledge of any of their officers, threatened against or affecting the Borrower or any Subsidiaries which could reasonably be expected to have a Material Adverse Effect or which seeks to prevent, enjoin or delay the making of any Loans. Other
than any liability incident to any litigation, arbitration or 

  

 31 

 
proceeding which could not reasonably be expected to have a Material Adverse Effect, the Borrower and its Subsidiaries have no material contingent
obligations required to be reflected on the Borrower’s consolidated balance sheet in accordance with generally accepted accounting principles and not provided for or disclosed in the financial statements referred to in Section 5.4.

 5.8. Subsidiaries. Schedule 5.8 contains an accurate list of all Subsidiaries of the Borrower as of the Closing Date, setting forth
their respective jurisdictions of organization and the percentage of their respective capital stock or other ownership interests owned by the Borrower or other Subsidiaries. All of the issued and outstanding shares of capital stock or other
ownership interests of such Subsidiaries have been (to the extent such concepts are relevant with respect to such ownership interests) duly authorized and issued and are fully paid and non-assessable. 
 5.9. ERISA. The Unfunded Liabilities of all Single Employer Plans do not in the aggregate exceed $10,000,000. Neither the Borrower nor any other
member of the Controlled Group has incurred, or is reasonably expected to incur, pursuant to Section 4201 of ERISA, any withdrawal liability to Multiemployer Plans. Each Plan complies in all material respects with all applicable requirements of
law and regulations. No Reportable Event has occurred with respect to any Plan. Neither the Borrower nor any other member of the Controlled Group has withdrawn from any Multiemployer Plan within the meaning of Title IV of ERISA or initiated steps to
do so, and, to the knowledge of the Borrower, no steps have been taken to reorganize or terminate, within the meaning of Title IV of ERISA, any Multiemployer Plan. 
 5.10. Accuracy of Information. The information, exhibits or reports furnished by the Borrower or any Subsidiary to the Agent or to any Lender in connection with the negotiation of, or compliance with, the Loan
Documents do not contain any material misstatement of fact or omit to state a material fact or any fact necessary to make the statements contained therein, in light of the circumstances under which they were made, not misleading. The projected and
pro-forma financial information furnished by or on behalf of any Credit Party to the Agent or any Lender in connection with the negotiation of, or compliance with, the Loan Documents, were prepared in good faith based upon assumptions believed to be
reasonable at the time. 
 5.11. Regulation U. Neither the Borrower nor any Subsidiary is engaged principally, or as one of its
important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate of buying or carrying margin stock (as defined in Regulation U), and after applying the proceeds of the Loans, margin stock (as
defined in Regulation U) constitutes less than 25% of the value of those assets of the Borrower and the Subsidiaries which are subject to any limitation on sale, pledge, or any other restriction hereunder. 
 5.12. Material Agreements. Neither the Borrower nor any Subsidiary is a party to any agreement or instrument or subject to any charter or other
corporate restriction which could reasonably be expected to have a Material Adverse Effect. Neither the Borrower nor any Subsidiary is in default in the performance, observance or fulfillment of any of the obligations, covenants or conditions
contained in (i) any agreement or instrument to which it is a party, which default could reasonably be expected to have a Material Adverse Effect or (ii) any agreement or instrument evidencing or governing Indebtedness. 
  

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 5.13. Compliance With Laws. The Borrower and the Subsidiaries have complied in all material
respects with all applicable statutes, rules, regulations, orders and restrictions of any domestic or foreign government or any instrumentality or agency thereof having jurisdiction over the conduct of their respective businesses or the ownership of
their respective Property except for any failure to comply with any of the foregoing which could not reasonably be expected to have a Material Adverse Effect. 
 5.14. Ownership of Properties. The Borrower and the Subsidiaries have good title, free of all Liens other than those permitted by Section 6.15, to all of the assets reflected in the Borrower’s most
recent consolidated financial statements provided to the Agent, as owned by the Borrower and the Subsidiaries except (i) assets sold or otherwise transferred as permitted under Section 6.12 and (ii) to the extent the failure to hold
such title could not reasonably be expected to have a Material Adverse Effect. 
 5.15. Plan Assets; Prohibited Transactions. None of
the Credit Parties is an entity deemed to hold “plan assets” within the meaning of 29 C.F.R. § 2510.3-101 of an employee benefit plan (as defined in Section 3(3) of ERISA) which is subject to Title I of ERISA or any plan (within
the meaning of Section 4975 of the Code), and assuming the accuracy of the representations and warranties made in Section 9.12 and in any assignment made pursuant to Section 12.3.3, neither the execution of this Agreement nor the
making of Loans hereunder gives rise to a prohibited transaction within the meaning of Section 406 of ERISA or Section 4975 of the Code. 
 5.16. Environmental Matters. In the ordinary course of its business, the officers of the Borrower and the Subsidiaries consider the effect of Environmental Laws on the business of the Borrower and the Subsidiaries, in the course of
which they identify and evaluate potential risks and liabilities accruing to the Borrower or any Subsidiary due to Environmental Laws. On the basis of this consideration, the Borrower has concluded that Environmental Laws cannot reasonably be
expected to have a Material Adverse Effect. Neither the Borrower nor any Subsidiary has received any notice to the effect that its operations are not in material compliance with any of the requirements of applicable Environmental Laws or are the
subject of any federal or state investigation evaluating whether any remedial action is needed to respond to a release of any toxic or hazardous waste or substance into the environment, which non-compliance or remedial action could reasonably be
expected to have a Material Adverse Effect. 
 5.17. Investment Company Act. Neither the Borrower nor any Subsidiary is an
“investment company” or a company “controlled” by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended. 
 5.18. [RESERVED]. 
 5.19.
Insurance. The Borrower maintains, and has caused each Subsidiary to maintain, with financially sound and reputable insurance companies insurance on all their Property in such amounts, subject to such deductibles and self-insurance retentions
and covering such properties and properties and risks as is consistent with sound business practice. 
  

 33 

 5.20. Solvency. After giving effect to (i) the Loans to be made on the Closing Date,
(ii) the other transactions contemplated by this Agreement and the other Loan Documents, and (iii) the payment and accrual of all transaction costs with respect to the foregoing, the Borrower and its Subsidiaries taken as a whole are
Solvent. 
 5.21. No Default or Unmatured Default. No Default or Unmatured Default has occurred and is continuing. 
 5.22. Reportable Transaction. The Borrower does not intend to treat the Loans and related transactions as being a “reportable
transaction” (within the meaning of the Treasury Regulation Section 1.6011-4). In the event the Borrower determines to take any action inconsistent with such intention, it will promptly notify the Agent thereof. The Borrower acknowledges
that one or more of the Lenders may treat its Loan(s) as part of a transaction that is subject to Treasury Regulation Section 1.6011-4 or Section 301.6112-1, and the Agent and such Lender or Lenders, as applicable, may file such IRS forms
or maintain such lists and other records as they may determine is required by such Treasury Regulations. 
 5.23. Post-Retirement
Benefits. The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and
assumptions deemed reasonable by the Required Lenders is zero. 
 ARTICLE VI 
 COVENANTS 
 During the term of this Agreement, unless the Required Lenders shall
otherwise consent in writing: 
 6.1. Financial Reporting. The Borrower will maintain, for itself and each Subsidiary, a system of
accounting established and administered in accordance with generally accepted accounting principles, and furnish to the Lenders: 
 6.1.1 Within 90 days after the close of each of the Borrower’s fiscal years, commencing with the fiscal year ending April 26, 2008, financial statements prepared in accordance with Agreement Accounting Principles on a consolidated
basis, for itself and its Subsidiaries, including balance sheets as of the end of such period, statements of income and statements of cash flows, accompanied by (a) an audit report, unqualified as to scope, of a nationally recognized firm of
independent public accountants or other independent public accountants reasonably acceptable to the Required Lenders; (b) any management letter prepared by said accountants, and (c) a certificate of said accountants that, in the course of
their examination necessary for their certification of the foregoing, they have obtained no knowledge of any Default or Unmatured Default, or if, in the opinion of such accountants, any Default or Unmatured Default shall exist, stating the nature
and status thereof. 
  

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 6.1.2 Within 45 days after the close of the first three quarterly periods of each of the
Borrower’s fiscal years, commencing with the fiscal quarter ending January 26, 2008, for the Borrower and its Subsidiaries, consolidated unaudited balance sheets as at the close of each such period and consolidated statements of income and
a statement of cash flows for the period from the beginning of such fiscal year to the end of such quarter, all certified as to fairness of presentation, compliance with Agreement Accounting Principles and consistency by its chief financial officer
or treasurer. 
 6.1.3 Together with the financial statements required under Sections 6.1.1 and 6.1.2, a compliance
certificate in substantially the form of Exhibit B signed by its chief financial officer or treasurer showing the calculations necessary to determine compliance with this Agreement, which certificate shall also state that no Default or Unmatured
Default exists, or if any Default or Unmatured Default exists, stating the nature and status thereof, and a certificate executed and delivered by the chief executive officer or chief financial officer stating that the Borrower and each of its
respective principal officers are in compliance with all requirements of Section 302 and Section 906 of the Sarbanes-Oxley Act of 2002 and all rules and regulations related thereto. 
 6.1.4 Within 120 days after the close of each fiscal year of the Borrower, a copy of the plan and forecast (including a projected balance
sheet, income statements and funds flow statements, and any narrative prepared with respect thereto) of the Borrower and its Subsidiaries for the upcoming fiscal year prepared in such detail as shall be reasonably satisfactory to the Agent.

 6.1.5 Within 270 days after the close of each fiscal year of the Borrower, if applicable, a copy of the actuarial report
showing the Unfunded Liabilities of each Single Employer Plan as of the valuation date occurring in such fiscal year, certified by an actuary enrolled under ERISA. 
 6.1.6 As soon as possible and in any event within 10 days after the Borrower knows that any Reportable Event has occurred with respect to
any Plan, a statement, signed by the chief financial officer or treasurer of the Borrower, describing said Reportable Event and the action which the Borrower proposes to take with respect thereto. 
  

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 6.1.7 As soon as possible and in any event within 10 days after receipt by the Borrower
or any Subsidiary, a copy of (a) any notice or claim to the effect that the Borrower or any Subsidiary is or may be liable to any Person as a result of the release by the Borrower, any Subsidiary, or any other Person of any toxic or hazardous
waste or substance into the environment, and (b) any notice alleging any violation of any Environmental Law by the Borrower or any Subsidiary, which, in either case, could reasonably be expected to have a Material Adverse Effect. 
 6.1.8 Promptly upon the furnishing thereof to the shareholders of the Borrower, copies of all financial statements, reports and proxy
statements so furnished. 
 6.1.9 Promptly upon the filing thereof, copies of all registration statements and annual,
quarterly, monthly or other regular reports which the Borrower or any Subsidiary files with the SEC, including, without limitation, all certifications and other filings required by Section 302 and Section 906 of the Sarbanes-Oxley Act of
2002 and all rules and regulations related thereto. 
 6.1.10 Prior to the execution thereof, draft copies of all material
amendments to the 2003 Note Purchase Agreement, the 2003 Senior Notes, the 2008 Note Purchase Agreement, the 2008 Senior Notes and any notes, indenture or other agreements evidencing Indebtedness incurred pursuant to Section 6.14.12.

 6.1.11 Such other information (including non-financial information) as the Agent or any Lender may from time to time
reasonably request. 
 6.2. Use of Proceeds. The Borrower will use the proceeds of the Loans to repurchase shares of stock of the
Borrower and for general corporate purposes including, without limitation, for working capital and to pay fees and expenses incurred in connection with this Agreement. The Borrower shall use the proceeds of the Loans in compliance with all
applicable legal and regulatory requirements and any such use shall not result in a violation of any such requirements, including, without limitation, Regulation U and X, the Securities Act of 1933, as amended, and the Securities Exchange Act of
1934, as amended, and the regulations promulgated thereunder. 
 6.3. Notice of Default. Within five (5) Business Days after an
Authorized Officer of the Borrower becomes aware thereof, the Borrower will, and will cause each of its Subsidiaries to, give notice in writing to the Lenders of the occurrence of (i) any Default or Unmatured Default, (ii) the occurrence
of any Off-Balance Sheet Trigger Event or any material default under or with respect to any Material Indebtedness or any material service agreement to which the Borrower or any Subsidiary is a party (together with copies of all default notices, if
any, pertaining thereto) and (iii) any other development, financial or otherwise, which could reasonably be expected to have a Material Adverse Effect. 
  

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 6.4. Conduct of Business. The Borrower will, and will cause each of its Subsidiaries to, carry on
and conduct its business in substantially the same manner and in substantially the same fields of enterprise as conducted by the Borrower or its Subsidiaries as of the Closing Date, and do all things necessary to remain duly incorporated or
organized, validly existing and (to the extent such concept applies to such entity) in good standing as a domestic corporation, partnership or limited liability company in its jurisdiction of incorporation or organization, as the case may be, as in
effect on the Closing Date, and, except to the extent failure to do so could not reasonably be expected to have a Material Adverse Effect, maintain all requisite authority to conduct its business in each jurisdiction in which its business is
conducted. 
 6.5. Taxes. The Borrower will, and will cause each of its Subsidiaries to, timely file complete and correct United
States federal and applicable foreign, state and local tax returns required by law and pay when due all taxes, assessments and governmental charges and levies upon it or its income, profits or Property, except (i) those which are being
contested in good faith by appropriate proceedings and with respect to which adequate reserves have been set aside in accordance with Agreement Accounting Principles and (ii) those taxes, assessments, charges and levies which by reason of the
amount involved or the remedies available to the applicable taxing authority could not reasonably be expected to have a Material Adverse Effect. 
 6.6. Insurance. The Borrower will, and will cause each of its Subsidiaries to, maintain with financially sound and reputable insurance companies insurance on all their Property in such amounts, subject to such deductibles and
self-insurance retentions, and covering such properties and risks as is consistent with sound business practice, and the Borrower will furnish to any Lender upon request full information as to the insurance carried. 
 6.7. Compliance with Laws. The Borrower will, and will cause each of its Subsidiaries to, comply with all laws, rules, regulations, orders, writs,
judgments, injunctions, decrees or awards to which it may be subject including, without limitation, all Environmental Laws and Section 302 and Section 906 of the Sarbanes-Oxley Act of 2002, except where the failure to do so, individually
or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 
 6.8. Maintenance of Properties. Subject to
Section 6.12, the Borrower will, and will cause each of its Subsidiaries to, do all things necessary to maintain, preserve, protect and keep its Property used in the operation of its business in good repair, working order and condition
(ordinary wear and tear excepted), and make all necessary and proper repairs, renewals and replacements so that its business carried on in connection therewith may be properly conducted at all times, except where the failure to do so, individually
or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 
 6.9. Inspection; Keeping of Books and
Records. The Borrower will, and will cause each of its Subsidiaries to, permit the Agent and the Lenders, by their respective representatives and agents, to inspect any of the Property, books and financial records of the Borrower and each of its
Subsidiaries, to examine and make copies of the books of accounts and other financial records of the Borrower and each of its Subsidiaries, and to discuss the affairs, finances and accounts of the Borrower and each of its Subsidiaries with, and to
be advised as to the same by, their respective officers at such reasonable times and intervals as the Agent or any Lender may 

  

 37 

 
designate. The Borrower shall keep and maintain, and shall cause each of its Subsidiaries to keep and maintain, in all material respects, complete, accurate
and proper books of record and account in which entries in conformity with Agreement Accounting Principles shall be made of all dealings and transactions in relation to their respective businesses and activities. If a Default has occurred and is
continuing, the Borrower, upon the Agent’s request, shall turn over copies of any such records to the Agent or its representatives. 
 6.10. Dividends. The Borrower will not, and will not permit any of its Subsidiaries to, declare or pay any dividend or make any distribution on its capital stock (other than dividends payable in its own capital stock) or redeem,
repurchase or otherwise acquire or retire any of its capital stock at any time outstanding, except that (i) any Subsidiary of the Borrower may declare and pay dividends or make distributions to the Borrower or to a Guarantor and (ii) the
Borrower may declare and pay dividends on its capital stock, and may repurchase shares of its capital stock provided that (x) no Default or Unmatured Default shall exist before or after giving effect to such dividends (or be created as a result
thereof) and (y) the Borrower shall be in compliance with the financial covenants set forth in Sections 6.20 and 6.21 for the four fiscal quarter period reflected in the compliance certificate most recently delivered to the Agent pursuant to
Section 6.1.3 prior to the payment of such dividend or such repurchase (after giving effect to the issuance of any Indebtedness in connection therewith and such dividend or repurchase as if made on the first day of such period). 
 6.11. Merger. The Borrower will not, and will not permit any of its Subsidiaries to, merge or consolidate with or into any other Person, except
that: 
 6.11.1 A Guarantor may merge into (i) the Borrower, provided the Borrower shall be the continuing or surviving
corporation, or (ii) another Guarantor or any other Person that becomes a Guarantor promptly upon the completion of the applicable merger or consolidation. 
 6.11.2 A Subsidiary that is not a Guarantor and not required to be a Guarantor may merge or consolidate with or into the Borrower or any
Wholly-Owned Subsidiary. 
 6.11.3 Any Subsidiary of the Borrower may consummate any merger or consolidation in connection
with any Permitted Acquisition. 
 6.12. Sale of Assets. The Borrower will not, and will not permit any of its Subsidiaries to, lease,
sell, transfer or otherwise dispose of its Property to any other Person, except: 
 6.12.1 Sales of inventory in the ordinary
course of business. 
 6.12.2 A disposition of assets (i) by the Borrower or any Subsidiary to any Credit Party,
(ii) by a Subsidiary that is not a Credit Party and not required to be a Guarantor to any other Subsidiary and (iii) subject to Section 6.24, by any Credit Party to any Foreign Subsidiary. 
  

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 6.12.3 A disposition of obsolete property or property no longer used in the business of
the Borrower or any Subsidiary. 
 6.12.4 So long as no Default or Unmatured Default has occurred, a disposition of assets
for an aggregate purchase price of up to $700,000,000 outstanding at any time pursuant to, and in accordance with, the Receivables Purchase Facilities. 
 6.12.5 The license or sublicense of software, trademarks, and other intellectual property in the ordinary course of business which does not materially interfere with the business of the Borrower or any Subsidiary.

 6.12.6 Consignment arrangements (as consignor or consignee) or similar arrangements for the sale of goods in the ordinary
course of business and consistent with the past practices of the Borrower and the Subsidiaries. 
 6.12.7 So long as no
Default or Unmatured Default shall have occurred and is continuing or would result therefrom, leases, sales or other dispositions of its Property that (i) are for consideration consisting at least seventy-five percent (75%) of cash,
(ii) are for not less than fair market value, and (iii) together with all other Property of the Borrower and the Subsidiaries previously leased, sold or disposed of (other than dispositions otherwise permitted by this Section 6.12) as
permitted by this Section 6.12.7 during the twelve-month period ending with the month in which any such lease, sale or other disposition occurs, do not constitute in the aggregate a Substantial Portion of the Property of the Borrower and its
Subsidiaries. 
 6.13. Investments and Acquisitions. The Borrower will not, and will not permit any of its Subsidiaries to, make or
suffer to exist any Investments (including without limitation, loans and advances to, and other Investments in, Subsidiaries), or to create any Subsidiary or to become or remain a partner in any partnership or joint venture, or to make any
Acquisition of any Person, except: 
 6.13.1 Subject to Section 6.24, cash and Cash Equivalent Investments and other
Investments that comply with the Borrower’s investment policy as in effect on the Closing Date, a copy of which the Borrower has provided to the Agent. 
 6.13.2 Existing Investments in Subsidiaries and other Investments in existence on the Closing Date and described in Schedule 6.13 and any
renewal or extension of any such Investments that does not increase the amount of the Investment being renewed or extended as determined as of such date of renewal or extension. 
  

 39 

 6.13.3 Investments in trade receivables or received in connection with the bankruptcy or
reorganization of suppliers and customers and in settlement of delinquent obligations of, and other disputes with, customers and suppliers arising in the ordinary course of business. 
 6.13.4 Investments consisting of intercompany loans permitted under Section 6.14.6. 
 6.13.5 All Acquisitions meeting the following requirements or otherwise approved by the Required Lenders (each such Acquisition
constituting a “Permitted Acquisition”): 
  

	 	(i)	as of the date of the consummation of such Acquisition, no Default or Unmatured Default shall have occurred and be continuing or would result from such Acquisition, and the
representation and warranty contained in Section 5.11 shall be true both before and after giving effect to such Acquisition; 

  

	 	(ii)	such Acquisition is consummated on a non-hostile basis pursuant to a negotiated acquisition agreement approved by the board of directors or other applicable governing body of the
seller or entity to be acquired, and no material challenge to such Acquisition (excluding the exercise of appraisal rights) shall be pending or threatened in writing by any shareholder or director of the seller or entity to be acquired;

  

	 	(iii)	the business to be acquired in such Acquisition is similar or related to one or more of the lines of business in which the Borrower and the Subsidiaries are engaged on the Closing
Date; 

  

	 	(iv)	as of the date of the consummation of such Acquisition, all material governmental and corporate approvals required in connection therewith shall have been obtained;

  

	 	(v)	the Purchase Price for each such Acquisition together with the Purchase Price of all other Permitted Acquisitions shall not exceed an amount equal to $100,000,000 in any
twelve-month period; 

  

	 	(vi)	 with respect to each Permitted Acquisition with respect to which the Purchase Price shall be greater than $30,000,000, not less than fifteen (15) days prior to
the consummation of such Permitted Acquisition, the Borrower shall have delivered to the Agent a pro forma consolidated balance sheet, income statement and cash flow statement of the Borrower and the Subsidiaries (the “Acquisition Pro
Forma”), based on the Borrower’s most recent financial statements delivered pursuant to Section 6.1.1 and using historical financial statements for the acquired entity provided by the seller(s) or which shall be complete and shall
fairly present, in all material respects, the financial condition and results of operations and cash flows of the Borrower and its Subsidiaries in accordance with Agreement Accounting Principles, but taking into account such Permitted Acquisition
and the 

  

 40 

	 	 
repayment of any Indebtedness in connection with such Permitted Acquisition, and such Acquisition Pro Forma shall reflect that, on a pro forma basis, the
Borrower would have been in compliance with the financial covenants set forth in Sections 6.20, 6.21 and 6.22 for the four fiscal quarter period reflected in the compliance certificate most recently delivered to the Agent pursuant to
Section 6.1.3 prior to the consummation of such Permitted Acquisition (giving effect to such Permitted Acquisition as if made on the first day of such period); and 

  

	 	(vii)	prior to (or, with respect to clause (A) below, concurrently with) the consummation of each such Permitted Acquisition, the Borrower shall deliver to the Agent a documentation,
information and certification package in form and substance acceptable to the Agent, including, without limitation; 

  

	 	(A)	to the extent required under Section 6.23, a supplement to the Guaranty if the Permitted Acquisition is an Acquisition of equities and the target company will not be merged
with the Borrower; 

  

	 	(B)	the financial statements of the target entity together with any pro forma financial statements, projections, forecasts and budgets prepared by the Borrower in connection therewith;

  

	 	(C)	a copy of the acquisition agreement for such Acquisition, together with drafts of the material schedules thereto; 

  

	 	(D)	a copy of all documents, instruments and agreements with respect to any Indebtedness to be incurred or assumed in connection with such Acquisition; and 

  

	 	(E)	such other documents or information as shall be reasonably requested by the Agent or any Lender. 

 6.13.6 Investments constituting promissory notes and other non-cash consideration received in connection with any transfer of assets
permitted under Section 6.12.7. 
 6.13.7 Customer advances in the ordinary course of business. 
 6.13.8 Extensions of customer or trade credit in the ordinary course of business consistent with the Borrower’s and the
Subsidiaries’ past practices. 
 6.13.9 Investments constituting Rate Management Transactions permitted under
Section 6.17. 
 6.13.10 Subject to Section 6.24, the creation or formation of new Subsidiaries (as opposed to the
Acquisition of new Subsidiaries), so long as all applicable requirements under Section 6.23 shall have been, or concurrently therewith are, satisfied. 
  

 41 

 6.13.11 Investments constituting expenditures for any purchase or other acquisition of
any asset which would be classified as a fixed or capital asset on a consolidated balance sheet of the Borrower and its Subsidiaries prepared in accordance with Agreement Accounting Principles to the extent otherwise permitted under this Agreement.

 6.13.12 Investments by (i) the Borrower and its Subsidiaries in any Credit Party, (ii) any Subsidiary which is
not a Credit Party and is not required to be a Guarantor in any other Subsidiary which is not a Credit Party and is not required to be a Guarantor and (iii) subject to Section 6.24, any Credit Party in any Foreign Subsidiary. 

6.13.13 Deposits made in the ordinary course of business and referred to in Sections 6.15.4, 6.15.6 and 6.15.7. 
 6.13.14 (a) cash Investments constituting the initial capitalization of an SPV in connection with the consummation of any
Receivables Purchase Facility permitted under this Agreement in an aggregate amount (calculated based on aggregate of the initial cash capitalization amount of each such SPV) not to exceed $10,000,000, and (b) other Investments in connection
with any Receivables Purchase Facility permitted under this Agreement (including intercompany Indebtedness permitted under Section 6.14.4(b)). 
 6.13.15 Additional Investments in an amount not to exceed $10,000,000 at any one time outstanding. 
 6.14.
Indebtedness. The Borrower will not, and will not permit any of its Subsidiaries to, create, incur or suffer to exist any Indebtedness, except: 
 6.14.1 The Obligations. 
 6.14.2 Indebtedness existing on the Closing Date and described in
Schedule 6.14, and any replacement, renewal, refinancing or extension of any such Indebtedness that (i) does not exceed the aggregate principal amount (plus accrued interest and any applicable premium and associated fees and expenses) of the
Indebtedness being replaced, renewed, refinanced or extended, (ii) does not have a Weighted Average Life to Maturity at the time of such replacement, renewal, refinancing or extension that is less than the Weighted Average Life to Maturity of
the Indebtedness being replaced, renewed, refinanced or extended and (iii) does not rank at the time of such replacement, renewal, refinancing or extension senior to the Indebtedness being replaced, renewed, refinanced or extended. 

 

 42 

 6.14.3 Indebtedness arising under Rate Management Transactions permitted under
Section 6.17; 
 6.14.4 (a) Amounts owing under the Receivables Purchase Facilities, the principal amount of which
shall not exceed $600,000,000 in the aggregate at any time and (b) subordinated intercompany Indebtedness owing to the Borrower or any Subsidiary of the Borrower by any SPV in connection with a Receivables Purchase Facility permitted hereunder.

 6.14.5 Secured or unsecured purchase money Indebtedness (including Capitalized Leases) incurred by the Borrower or any
Subsidiary after the Closing Date to finance the acquisition of assets used in its business, if (1) at the time of such incurrence, no Default or Unmatured Default has occurred and is continuing or would result from such incurrence,
(2) such Indebtedness does not exceed the lower of the fair market value or the cost of the applicable fixed assets on the date acquired, (3) such Indebtedness does not exceed $10,000,000 in the aggregate outstanding at any time, and
(4) any Lien securing such Indebtedness is permitted under Section 6.15 (such Indebtedness being referred to herein as “Permitted Purchase Money Indebtedness”). 
 6.14.6 Indebtedness arising from intercompany loans and advances made by (i) the Borrower or any Subsidiary to any Credit Party,
(ii) any Subsidiary that is not a Credit Party to any other Subsidiary that is not a Credit Party or (iii) subject to Section 6.24, any Credit Party to any Foreign Subsidiary; provided that all such Indebtedness shall be expressly
subordinated to the Obligations. 
 6.14.7 Indebtedness incurred or assumed by the Borrower or any Subsidiary in connection
with a Permitted Acquisition but not created in contemplation of such event. 
 6.14.8 Indebtedness constituting Contingent
Obligations otherwise permitted by Section 6.19. 
 6.14.9 Indebtedness under (i) performance bonds and surety
bonds and (ii) bank overdrafts outstanding for not more than two (2) Business Days, in each case incurred in the ordinary course of business. 
 6.14.10 To the extent the same constitutes Indebtedness, obligations in respect of earn-out arrangements permitted pursuant to a Permitted Acquisition. 
 6.14.11 Unsecured Indebtedness arising under (i) the 2003 Note Purchase Agreement and the 2003 Senior Notes (and any 

  

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guarantees in respect thereof), the outstanding principal amount of which shall not exceed $180,000,000 in the aggregate at any time (ii) the 2008 Note
Purchase Agreement and the 2008 Senior Notes (and any guarantees in respect thereof), and, in the case of this clause (ii), (x) no Default or Unmatured Default shall be continuing as of the date of issuance thereof and the Borrower shall be in
compliance with the financial covenants set forth in Sections 6.20 and 6.21 for the four quarter fiscal period reflected in the compliance certificate most recently delivered (prior to the issuance and use of proceeds of such Indebtedness) to the
Agent pursuant to Section 6.1.3 after giving effect to the issuance of such Indebtedness (and the use of proceeds thereof) as if made on the first day of such period, and (y) such Indebtedness shall have a maturity date no earlier than the
later of (A) the Maturity Date and (B) the maturity date under the Existing Revolving Credit Agreement, shall not provide for any mandatory principal prepayments or amortization prior to the later of (A) the Maturity Date and
(B) the maturity date under the Existing Revolving Credit Agreement, and, if secured, the holders of such Indebtedness shall have entered into an intercreditor agreement in form and substance reasonably acceptable to the Agent. 
 6.14.12 Additional unsecured Indebtedness in an aggregate principal amount in Dollars not to exceed $350,000,000; provided that
(x) no Default or Unmatured Default shall be continuing as of the date of issuance thereof and the Borrower shall be in compliance with the financial covenants set forth in Sections 6.20 and 6.21 for the four quarter fiscal period reflected in
the compliance certificate most recently delivered (prior to the issuance and use of proceeds of such Indebtedness) to the Agent pursuant to Section 6.1.3 after giving effect to the issuance of such Indebtedness (and the use of proceeds
thereof) as if made on the first day of such period, and (y) such Indebtedness shall have a maturity date no earlier than the later of (A) the Maturity Date and (B) the maturity date under the Existing Revolving Credit Agreement and
shall not provide for any mandatory principal prepayments or amortization prior to the later of (A) the Maturity Date and (B) the maturity date under the Existing Revolving Credit Agreement. 
 6.14.13 Unsecured Indebtedness arising under the Existing Revolving Credit Agreement. 
 6.15. Liens. The Borrower will not, and will not permit any of its Subsidiaries to, create, incur, or suffer to exist any Lien in, of or on the
Property of the Borrower or any Subsidiary, except: 
 6.15.1 Liens, if any, securing Obligations. 
  

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 6.15.2 Liens for taxes, assessments or governmental charges or levies on its Property if
the same shall not at the time be delinquent or thereafter can be paid without penalty, or are being contested in good faith and by appropriate proceedings and for which adequate reserves in accordance with Agreement Accounting Principles shall have
been set aside on its books. 
 6.15.3 Liens imposed by law, such as landlords’, wage earners’, carriers’,
warehousemen’s and mechanics’ liens and other similar liens arising in the ordinary course of business which secure payment of obligations not more than 45 days past due or which are being contested in good faith by appropriate proceedings
and for which adequate reserves in accordance with Agreement Accounting Principles shall have been set aside on its books. 
 6.15.4 Liens arising out of pledges or deposits under worker’s compensation laws, unemployment insurance, old age pensions, or other social security or retirement benefits, or similar legislation. 
 6.15.5 Liens existing on the Closing Date and described in Schedule 6.15. 
 6.15.6 Deposits securing liability to insurance carriers under insurance or self-insurance arrangements. 
 6.15.7 Deposits to secure the performance of bids, trade contracts (other than for borrowed money), leases, statutory obligations, surety
and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business. 
 6.15.8 Easements, reservations, rights-of-way, restrictions, survey exceptions and other similar encumbrances as to real property of the Borrower and the Subsidiaries which customarily exist on properties of corporations engaged in similar
activities and similarly situated and which are not material in amount and that do not materially interfere with the conduct of the business of the Borrower or such Subsidiary conducted at the property subject thereto. 
 6.15.9 Liens arising by reason of any judgment, decree or order of any court or other governmental authority, but only to the extent and
for an amount and for a period not resulting in a Default under Section 7.8. 
 6.15.10 Liens on receivables and related
assets (including, without limitation, (i) any interest in the equipment or inventory (including returned or repossessed goods), if any, the sale, financing 

  

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or lease of which gave rise to the receivables, together with insurance related thereto, (ii) all security interests purporting to secure payment of the
receivables, (iii) all guaranties, insurance, letters of credit or other agreements supporting or securing payment of the receivables, (iv) all contracts associated with the receivables, (v) all collection accounts and lockbox
accounts into which receivables payments are made, (vi) all records relating to the receivables, and (vii) all proceeds of the foregoing) arising in connection with a Receivables Purchase Facility permitted under Section 6.14.4.

 6.15.11 Liens existing on any specific fixed asset of any Subsidiary of the Borrower at the time such Subsidiary becomes a
Subsidiary and not created in contemplation of such event. 
 6.15.12 Liens on any specific fixed asset securing Indebtedness
incurred or assumed for the purpose of financing or refinancing all or any part of the cost of acquiring or constructing such asset; provided that such Lien attaches to such asset concurrently with or within six (6) months after the acquisition
or completion or construction thereof. 
 6.15.13 Liens existing on any specific fixed asset of any Subsidiary of the
Borrower at the time such Subsidiary is merged or consolidated with or into the Borrower or any Subsidiary and not created in contemplation of such event. 
 6.15.14 Liens existing on any specific fixed asset prior to the acquisition thereof by the Borrower or any Subsidiary and not created in contemplation thereof; provided that such Liens do not encumber any other
property or assets, other than improvements thereon and proceeds thereof. 
 6.15.15 Liens arising out of the refinancing,
extension, renewal or refunding of any Indebtedness secured by any Lien permitted under Sections 6.15.5, 6.15.11 through 6.15.14; provided that (i) such Indebtedness is not secured by any additional assets, other than improvements thereon and
proceeds thereof, and (ii) the amount of such Indebtedness secured by any such Lien is not increased. 
 6.15.16 Liens
securing Permitted Purchase Money Indebtedness; provided that such Liens shall not apply to any property of the Borrower or any Subsidiary other than that purchased with the proceeds of such Permitted Purchase Money Indebtedness, other than
improvements thereon and proceeds thereof. 
  

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 6.15.17 Liens in respect of Capitalized Lease Obligations to the extent permitted
hereunder and Liens arising under any equipment, furniture or fixtures leases or Property consignments to the Borrower or any Subsidiary otherwise permitted under the Loan Documents. 
 6.15.18 Licenses, leases or subleases granted to others in the ordinary course of business consistent with the Borrower’s and the
Subsidiaries’ past practices that do not materially interfere with the conduct of the business of the Borrower and the Subsidiaries taken as a whole. 
 6.15.19 Statutory and contractual landlords’ Liens under leases to which the Borrower or any Subsidiary is a party. 
 6.15.20 Liens in favor of a banking institution arising as a matter of applicable law encumbering deposits (including the right of set-off) held by such banking institutions incurred in the ordinary course of business
and which are within the general parameters customary in the banking industry. 
 6.15.21 Liens in favor of customs and
revenue authorities arising as a matter of applicable law to secure the payment of customs’ duties in connection with the importation of goods. 
 6.15.22 Any interest or title of a lessor, sublessor, licensee or licensor under any lease or license agreement permitted by this Agreement. 
 6.15.23 Liens not otherwise permitted under this Section 6.15 to the extent attaching to Properties and assets with an aggregate
fair market value not in excess of, and securing liabilities not in excess of, $10,000,000, in the aggregate at any one time outstanding. 
 6.16. Affiliates. The Borrower will not enter into, directly or indirectly, and will not permit any of its Subsidiaries to enter into, directly or indirectly, any transaction (including, without limitation, the purchase or sale of
any Property or service) with, or make any payment or transfer to, any Affiliate (other than the Borrower and the Guarantors) except (a) in the ordinary course of business and pursuant to the reasonable requirements of the Borrower’s or
such Subsidiary’s business and upon fair and reasonable terms no less favorable to the Borrower or such Subsidiary than the Borrower or such Subsidiary would obtain in a comparable arm’s-length transaction and (b) in connection with
any Receivables Purchase Facility permitted under Section 6.14.4. 
 6.17. Financial Contracts. The Borrower will not, and will
not permit any of its Subsidiaries to, enter into or remain liable upon any Rate Management Transactions except for those entered into (i) by the Borrower and its Subsidiaries in the ordinary course of business for bona fide hedging purposes
and not for speculative purposes and (ii) by any SPV in connection with a Receivables Purchase Facility permitted hereunder. 
  

 47 

 6.18. Subsidiary Covenants. The Borrower will not, and will not permit any of its Subsidiaries
(other than any SPV) to, create or otherwise cause to become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary (other than any SPV) (i) to pay dividends or make any other distribution on its stock,
(ii) to pay any Indebtedness or other obligation owed to the Borrower or any Subsidiary, (iii) to make loans or advances or other Investments in the Borrower or any Subsidiary, or (iv) to sell, transfer or otherwise convey any of its
property to the Borrower or any Subsidiary, except for such encumbrances or restrictions existing under or by reason of (a) this Agreement, the other Loan Documents, the 2003 Note Purchase Agreement, the 2008 Note Purchase Agreement, the
Existing Revolving Credit Agreement and the Receivables Purchase Documents, (b) customary provisions restricting subletting or assignment of any lease governing any leasehold interest of the Borrower or any of its Subsidiaries,
(c) customary provisions restricting assignment of any licensing agreement or other contract entered into by Borrower and its Subsidiaries in the ordinary course of business, (d) restrictions on the transfer of any asset pending the close
of the sale of such asset and (e) restrictions on the transfer of any assets subject to a Lien permitted by Section 6.15. 
 6.19.
Contingent Obligations. The Borrower will not, and will not permit any of its Subsidiaries to, make or suffer to exist any Contingent Obligation (including, without limitation, any Contingent Obligation with respect to the obligations of a
Subsidiary), except Contingent Obligations arising with respect to (i) this Agreement and the other Loan Documents, (ii) customary indemnification obligations in favor of purchasers in connection with asset dispositions permitted
hereunder, (iii) customary indemnification obligations under such Person’s charter and bylaws (or equivalent formation documents), (iv) indemnities in favor of the Persons issuing title insurance policies insuring the title to any
property, (v) guarantees of (a) real property leases of the Borrower and its Subsidiaries and (b) personal property Operating Leases of the Borrower and its Subsidiaries, in each case entered into in the ordinary course of business by
the Borrower or any of the Subsidiaries, (vi) the Receivables Purchase Facility and (vii) other Contingent Obligations constituting guarantees of Indebtedness of the Borrower or any of its Subsidiaries permitted under Section 6.14,
provided that to the extent such Indebtedness is subordinated to the Obligations each such Contingent Obligation shall be subordinated to the Obligations on terms reasonably acceptable to the Agent. 
 6.20. Leverage Ratio. The Borrower will maintain, as of the end of each fiscal quarter, a Leverage Ratio of not greater than 3.50 to 1.00.

 6.21. Interest Expense Coverage Ratio. The Borrower will not permit the ratio (the “Interest Expense Coverage Ratio”),
determined as of the end of each of its fiscal quarters for the then most-recently ended four fiscal quarters of (i) Consolidated Adjusted EBITDA during such period to (ii) Consolidated Interest Expense during such period, all calculated
for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.00 to 1.00. 
 6.22. [RESERVED]. 
  

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 6.23. Additional Subsidiary Guarantors. The Borrower shall execute or shall cause to be executed
on the date any Person becomes a Material Domestic Subsidiary of the Borrower (other than an SPV), the Guaranty (or a supplement to the Guaranty) pursuant to which such Material Domestic Subsidiary shall become a Guarantor, and shall deliver or
cause to be delivered to the Agent all appropriate corporate resolutions and other documentation (including opinions of counsel) in each case in form and substance reasonably satisfactory to the Agent. If at any time (a) the aggregate assets of
all of the Borrower’s Domestic Subsidiaries that are not Guarantors under the Guaranty exceeds twenty percent (20%) of the consolidated total assets of the Borrower and its Subsidiaries, or (b) the aggregate Consolidated Adjusted Net
Income for the four consecutive fiscal quarters most recently ended of all of the Borrower’s Domestic Subsidiaries that are not Guarantors under the Guaranty exceeds twenty percent (20%) of the Borrower’s Consolidated Adjusted Net
Income for such period, the Borrower will, within 30 days after its senior management becomes aware (or reasonably should have become aware) of such event, cause to be executed and delivered to the Agent a supplement to the Guaranty (together with
such other documents, opinions and information as the Agent may require) with respect to additional Domestic Subsidiaries to the extent necessary so that, after giving effect thereto, the threshold levels in clauses (a) and (b) above are
not exceeded. 
 6.24. Foreign Subsidiary Investments. The Borrower will not, and will not permit any other Credit Party to, enter
into or suffer to exist Foreign Subsidiary Investments at any time in an aggregate amount greater than $50,000,000. 
 6.25. Subordinated
Indebtedness. The Borrower will not, and will not permit any of its Subsidiaries to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly
voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness. 
 6.26.
Sale of Accounts. The Borrower will not, and will not permit any of its Subsidiaries to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse except to the extent permitted by Section 6.12.4.

 ARTICLE VII 
 DEFAULTS 
 The occurrence of any one or more of the following events shall constitute a Default: 
 7.1 Any representation or warranty made or deemed made by or on behalf of the Borrower or any Subsidiary to the Lenders or the Agent under or in
connection with this Agreement, any Loans, or any certificate or information delivered in connection with this Agreement or any other Loan Document shall be false in any material respect on the date as of which made or deemed made. 
 7.2 Nonpayment of (i) principal of any Loan when due or (ii) interest upon any Loan or other Obligations under any of the Loan Documents within
five (5) days after such interest, fee or other Obligation becomes due. 
  

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 7.3 The breach by the Borrower of any of the terms or provisions of any of Sections 6.1 through 6.3 or
any of Sections 6.10 through 6.26. 
 7.4 The breach by the Borrower (other than a breach which constitutes a Default under another Section
of this Article VII) or any other Credit Party of any of the terms or provisions of this Agreement or any other Loan Document to which it is a party which is not remedied within five (5) days after the earlier to occur of (i) written
notice from the Agent or any Lender to the Borrower or (ii) an Authorized Officer of the Borrower otherwise become aware of any such breach. 
 7.5 Failure of the Borrower or any Subsidiary to pay when due any Material Indebtedness (beyond the applicable grace period with respect thereto, if any); or the default by the Borrower or any Subsidiary in the performance (beyond the
applicable grace period with respect thereto, if any) of any term, provision or condition contained in any Material Indebtedness Agreement, or any other event shall occur or condition exist, the effect of which default, event or condition is to
cause, or to permit the holder(s) of such Material Indebtedness or the lender(s) under any Material Indebtedness Agreement to cause, such Material Indebtedness to become due prior to its stated maturity or any commitment to lend under any Material
Indebtedness Agreement to be terminated prior to its stated expiration date; or any Material Indebtedness of the Borrower or any Subsidiary shall be declared to be due and payable or required to be prepaid or repurchased (other than by a regularly
scheduled payment) prior to the stated maturity thereof; or the Borrower or any Subsidiary shall not pay, or admit in writing its inability to pay, its debts generally as they become due. 
 7.6 The Borrower or any Subsidiary shall (i) have an order for relief entered with respect to it under the Federal bankruptcy laws as now or
hereafter in effect, (ii) make an assignment for the benefit of creditors, (iii) apply for, seek, consent to, or acquiesce in, the appointment of a receiver, custodian, trustee, examiner, liquidator or similar official for it or any
Substantial Portion of its Property, (iv) institute any proceeding seeking an order for relief under the Federal bankruptcy laws as now or hereafter in effect or seeking to adjudicate it a bankrupt or insolvent, or seeking dissolution, winding
up, liquidation, reorganization, arrangement, adjustment or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors or fail to file an answer or other pleading denying the material
allegations of any such proceeding filed against it, (v) take any corporate or partnership action to authorize or effect any of the foregoing actions set forth in this Section 7.6 or (vi) fail to contest in good faith any appointment
or proceeding described in Section 7.7. 
 7.7 Without the application, approval or consent of the Borrower or any Subsidiary, a
receiver, trustee, examiner, liquidator or similar official shall be appointed for the Borrower or any Subsidiary or any Substantial Portion of its Property, or a proceeding described in Section 7.6(iv) shall be instituted against the Borrower
or any Subsidiary and such appointment continues undischarged or such proceeding continues undismissed or unstayed for a period of 30 consecutive days. 
 7.8 Any court, government or governmental agency shall condemn, seize or otherwise appropriate, or take custody or control of, all or any portion of the Property of the Borrower and the Subsidiaries which, when taken
together with all other Property of the Borrower and the 

  

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Subsidiaries so condemned, seized, appropriated, or taken custody or control of, during the twelve-month period ending with the month in which any such
action occurs, constitutes a Substantial Portion. 
 7.9 The Borrower or any Subsidiary shall fail within 30 days to pay, bond or otherwise
discharge one or more (i) judgments or orders for the payment of money in excess of $5,000,000 (or the equivalent thereof in currencies other than Dollars) in the aggregate, or (ii) nonmonetary judgments or orders which, individually or in
the aggregate, could reasonably be expected to have a Material Adverse Effect, which judgment(s), in any such case, is/are not (a) stayed on appeal or otherwise being appropriately contested in good faith or (b) paid in full by third-party
insurers under the Borrower’s or any Subsidiary’s insurance policies. 
 7.10 The Unfunded Liabilities of all Single Employer Plans
shall exceed $10,000,000 in the aggregate, or any Reportable Event shall occur in connection with any Plan. 
 7.11 Nonpayment by the
Borrower or any Subsidiary of any Rate Management Obligation, in an outstanding principal amount of $5,000,000 or more, when due or the breach by the Borrower or any Subsidiary of any term, provision or condition contained in any Rate Management
Transaction or any transaction of the type described in the definition of “Rate Management Transactions,” whether or not any Lender or Affiliate of a Lender is a party thereto. 
 7.12 Any Change in Control shall occur. 
 7.13 The Borrower or any other member of the Controlled Group shall have been notified by the sponsor of a Multiemployer Plan that it has incurred, pursuant to Section 4201 of ERISA, withdrawal liability to such Multiemployer Plan in
an amount which, when aggregated with all other amounts required to be paid to Multiemployer Plans by the Borrower or any other member of the Controlled Group as withdrawal liability (determined as of the date of such notification), exceeds
$10,000,000 or requires payments exceeding $10,000,000 per annum. 
 7.14 The Borrower or any other member of the Controlled Group shall have
been notified by the sponsor of a Multiemployer Plan that such Multiemployer Plan is in reorganization or is being terminated, within the meaning of Title IV of ERISA, if as a result of such reorganization or termination the aggregate annual
contributions of the Borrower and the other members of the Controlled Group (taken as a whole) to all Multiemployer Plans which are then in reorganization or being terminated have been or will be increased, in the aggregate, over the amounts
contributed to such Multiemployer Plans for the respective plan years of such Multiemployer Plans immediately preceding the plan year in which the reorganization or termination occurs by an amount exceeding $10,000,000. 
 7.15 The Borrower or any Subsidiary shall (i) be the subject of any proceeding or investigation pertaining to the release by the Borrower or any
Subsidiary or any other Person of any toxic or hazardous waste or substance into the environment, or (ii) violate any Environmental Law, which, in the case of an event described in clause (i) or clause (ii), has resulted in liability to
the Borrower or any Subsidiary in an amount equal to $10,000,000 or more, which liability is not paid, bonded or otherwise discharged within 60 days or which is not stayed on appeal and being appropriately contested in good faith. 
  

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 7.16 Any Loan Document shall fail to remain in full force or effect against the Borrower or any
Subsidiary or any action shall be taken or shall fail to be taken to discontinue or to assert the invalidity or unenforceability of, or which results in the discontinuation or invalidity or unenforceability of, any Loan Document. 
 7.17 An event (such event, an “Off-Balance Sheet Trigger Event”) shall occur which (i) permits the investors or purchasers in respect of
Off-Balance Sheet Liabilities of the Borrower or any Affiliate of the Borrower to require the amortization or liquidation of such Off-Balance Sheet Liabilities as a result of the non-payment of any Off-Balance Sheet Liability having an aggregate
outstanding principal amount (or similar outstanding liability) greater than or equal to $5,000,000 and (x) such Off-Balance Sheet Trigger Event shall not be remedied or waived within the later to occur of the tenth day after the occurrence
thereof or the expiry date of any grace period related thereto under the agreement evidencing such Off-Balance Sheet Liabilities, or (y) such investors shall require the amortization or liquidation of such Off-Balance Sheet Liabilities as a
result of such Off-Balance Sheet Trigger Event, (ii) results in the termination of reinvestments of collections or proceeds of receivables and related assets under the agreements evidencing such Off-Balance Sheet Liabilities, or
(iii) causes or otherwise permits the replacement or substitution of the Borrower or any Affiliate thereof as the servicer under the agreements evidencing such Off-Balance Sheet Liabilities; provided, however, that this Section 7.17 shall
not apply on any date with respect to (a) any voluntary request by the Borrower or an Affiliate thereof for an above-described amortization, liquidation, or termination of reinvestments so long as the aforementioned investors or purchasers
cannot independently require on such date such amortization, liquidation or termination of reinvestments or (b) any scheduled amortization or liquidation at the stated maturity of the facility evidencing such Off-Balance Sheet Liabilities.

 ARTICLE VIII 
 ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES 
 8.1. Acceleration. (i) If any Default described in
Section 7.6 or 7.7 occurs with respect to any Credit Party, the obligations of the Lenders to make Loans hereunder shall automatically terminate and the Obligations shall immediately become due and payable without any election or action on the
part of the Agent or any Lender. If any other Default occurs, the Required Lenders (or the Agent with the consent of the Required Lenders) may terminate or suspend the obligations of the Lenders to make Loans hereunder, or declare the Obligations to
be due and payable, or both, whereupon the Obligations shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives. 
  

	 	(ii)	If, after acceleration of the maturity of the Obligations or termination of the obligations of the Lenders to make Loans hereunder as a result of any Default (other than any Default
as described in Section 7.6 or 7.7 with respect to any Credit Party) and before any judgment or decree for the payment of the Obligations due shall have been obtained or entered, the Required Lenders (in their sole discretion) shall so direct,
the Agent shall, by notice to the Borrower, rescind and annul such acceleration and/or termination. 

  

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 8.2. Amendments. Subject to the provisions of this Section 8.2, the Required Lenders (or the
Agent with the consent in writing of the Required Lenders) and the Borrower may enter into agreements supplemental hereto for the purpose of adding or modifying any provisions to the Loan Documents or changing in any manner the rights of the Lenders
or the Borrower hereunder or thereunder or waiving any Default hereunder or thereunder; provided, however, that no such supplemental agreement shall: 
 8.2.1 Without the consent of each Lender adversely affected thereby, extend the Maturity Date, extend the final maturity of any Loan to a date after the Maturity Date or postpone any regularly scheduled payment of
principal of any Loan or forgive all or any portion of the principal amount thereof, or reduce the rate or extend the time of payment of interest or fees thereon (other than a waiver of the application of the default rate of interest pursuant to
Section 2.8 hereof, which shall only require the approval of the Required Lenders). 
 8.2.2 Without the consent of each
Lender, reduce the percentage specified in the definition of Required Lenders or any other percentage of Lenders specified to be the applicable percentage in this Agreement to act on specified matters or amend the definition of “Pro Rata
Share”. 
 8.2.3 [RESERVED.] 
 8.2.4 Without the consent of each Lender, amend this Section 8.2. 
 8.2.5 Without the consent of each Lender, permit the Borrower to assign its rights or obligations under this Agreement. 
 8.2.6 Without the consent of each Lender, other than in connection with a transaction permitted under this Agreement, release
(i) the Borrower from its obligations under Article XVI or (ii) any Guarantor that remains a Material Domestic Subsidiary from its obligations under the Guaranty. 
 No amendment of any provision of this Agreement relating to the Agent shall be effective without the written consent of the Agent. The Agent may waive payment of the fee required under Section 12.3.3 without
obtaining the consent of any other party to this Agreement. 
 8.3. Preservation of Rights. No delay or omission of the Lenders or the
Agent to exercise any right under the Loan Documents shall impair such right or be construed to be a waiver of any Default or an acquiescence therein, and the making of a Loan notwithstanding the existence of a Default or Unmatured Default or the
inability of the Borrower to satisfy the conditions precedent to such Loan shall not constitute any waiver or acquiescence. Any single or partial exercise of any such right shall not preclude other or further exercise thereof or the exercise of any
other right, and no waiver, amendment or other variation of the terms, conditions 

  

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or provisions of the Loan Documents whatsoever shall be valid unless in writing signed by, or by the Agent with the consent of, the requisite number of
Lenders required pursuant to Section 8.2, and then only to the extent in such writing specifically set forth. All remedies contained in the Loan Documents or by law afforded shall be cumulative and all shall be available to the Agent and the
Lenders until all of the Obligations have been paid in full. 
 ARTICLE IX 
 GENERAL PROVISIONS 
 9.1. Survival of Representations. All
representations and warranties of the Borrower contained in this Agreement shall survive the making of the Loans herein contemplated. 
 9.2.
Governmental Regulation. Anything contained in this Agreement to the contrary notwithstanding, no Lender shall be obligated to extend credit to the Borrower in violation of any limitation or prohibition provided by any applicable statute or
regulation. 
 9.3. Headings. Section headings in the Loan Documents are for convenience of reference only, and shall not govern the
interpretation of any of the provisions of the Loan Documents. 
 9.4. Entire Agreement. The Loan Documents embody the entire
agreement and understanding among the Borrower, the Agent and the Lenders and supersede all prior agreements and understandings among the Borrower, the Agent and the Lenders relating to the subject matter thereof other than those contained in the
fee letter described in Section 10.13 which shall survive and remain in full force and effect during the term of this Agreement. 
 9.5.
Several Obligations; Benefits of this Agreement. The respective obligations of the Lenders hereunder are several and not joint and no Lender shall be the partner or agent of any other (except to the extent to which the Agent is authorized to
act as such). The failure of any Lender to perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. This Agreement shall not be construed so as to confer any right or benefit upon any Person
other than the parties to this Agreement and their respective successors and assigns, provided, however, that the parties hereto expressly agree that the Arranger shall enjoy the benefits of the provisions of Sections 9.6, 9.10 and 10.11 to
the extent specifically set forth therein and shall have the right to enforce such provisions on its own behalf and in its own name to the same extent as if it were a party to this Agreement. 
 9.6. Expenses; Indemnification. 
  

	 	(i)	 The Borrower shall reimburse the Agent and the Arranger for any reasonable costs, internal charges and out-of-pocket expenses (including outside attorneys’ and
paralegals’ fees and expenses of and fees for other advisors and professionals engaged by the Agent or the Arranger and, unless a Default shall be continuing, with the consent of the Borrower) paid or incurred by the Agent or the Arranger in
connection with the investigation, preparation, negotiation, documentation, execution, delivery, syndication, distribution (including, without limitation, via the internet), review, amendment, modification and administration of the Loan 

  

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Documents. The Borrower also agrees to reimburse the Agent, the Arranger and the Lenders for any costs, internal charges and out-of-pocket expenses
(including outside attorneys’ and paralegals’ fees and expenses of outside attorneys and paralegals for the Agent, the Arranger and the Lenders) paid or incurred by the Agent, the Arranger or any Lender in connection with the collection
and enforcement of the Loan Documents. Expenses being reimbursed by the Borrower under this Section include, without limitation, costs and expenses incurred in connection with the Reports described in the following sentence. The Borrower
acknowledges that from time to time JPMorgan may prepare and may distribute to the Lenders (but shall have no obligation or duty to prepare or to distribute to the Lenders) certain audit reports (the “Reports”) pertaining to the
Borrower’s assets for internal use by JPMorgan from information furnished to it by or on behalf of the Borrower, after JPMorgan has exercised its rights of inspection pursuant to this Agreement. 

  

	 	(ii)	The Borrower hereby further agrees to indemnify the Agent, the Arranger, each Lender, their respective affiliates, and each of their directors, officers and employees against all
losses, claims, damages, penalties, judgments, liabilities and expenses (including, without limitation, all expenses of litigation or preparation therefor whether or not the Agent, the Arranger, any Lender or any affiliate is a party thereto, and
all outside attorneys’ and paralegals’ fees and expenses of outside attorneys and paralegals of the party seeking indemnification) which any of them may pay or incur arising out of or relating to this Agreement, the other Loan Documents
and the other transactions contemplated hereby or the direct or indirect application or proposed application of the proceeds of any Loan hereunder except to the extent that they are determined in a final non-appealable judgment by a court of
competent jurisdiction to have resulted from the gross negligence or willful misconduct of the party seeking indemnification. The obligations of the Borrower under this Section 9.6 shall survive the termination of this Agreement.

 9.7. Numbers of Documents. All statements, notices, closing documents, and requests hereunder shall be furnished to
the Agent with sufficient counterparts so that the Agent may furnish one to each of the Lenders, to the extent that the Agent deems necessary. 
 9.8. Accounting. Except as provided to the contrary herein, all accounting terms used in the calculation of any financial covenant or test shall be interpreted and all accounting determinations hereunder in the calculation of any
financial covenant or test shall be made in accordance with Agreement Accounting Principles. If any changes in generally accepted accounting principles are hereafter required or permitted and are adopted by the Borrower or any Subsidiary with the
agreement of its independent certified public accountants and such changes result in a change in the method of calculation of any of the financial covenants, tests, restrictions or standards herein or in the related definitions or terms used therein
(“Accounting Changes”), the parties hereto agree, at the Borrower’s request, to enter into negotiations, in good faith, in order to amend such provisions in a credit neutral manner so as to reflect equitably such changes with the
desired result that the criteria for evaluating the Borrower’s and its Subsidiaries’ financial condition shall be the same after such changes as if such changes had not 

  

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been made; provided, however, until such provisions are amended in a manner reasonably satisfactory to the Agent and the Required Lenders, no
Accounting Change shall be given effect in such calculations. In the event such amendment is entered into, all references in this Agreement to Agreement Accounting Principles shall mean generally accepted accounting principles, including the
Accounting Change, as of the date of such amendment. Notwithstanding the foregoing, all financial statements to be delivered by the Borrower pursuant to Section 6.1 shall be prepared in accordance with generally accepted accounting principles
in effect at such time. 
 9.9. Severability of Provisions. Any provision in any Loan Document that is held to be inoperative,
unenforceable, or invalid in any jurisdiction shall, as to that jurisdiction, be inoperative, unenforceable, or invalid without affecting the remaining provisions in that jurisdiction or the operation, enforceability, or validity of that provision
in any other jurisdiction, and to this end the provisions of all Loan Documents are declared to be severable. 
 9.10. Nonliability of
Lenders. The relationship between the Borrower on the one hand and the Lenders and the Agent on the other hand shall be solely that of borrower and lender. Neither the Agent (except to the limited extent as provided by Section 12.3.4
relating to maintaining the Register), the Arranger, nor any Lender shall have any fiduciary responsibilities to the Borrower or any other Credit Party. Neither the Agent, the Arranger, nor any Lender undertakes any responsibility to the Borrower or
any other Credit Party to review or inform any Credit Party of any matter in connection with any phase of any Credit Party’s business or operations. The Borrower agrees that neither the Agent, the Arranger, nor any Lender shall have liability
to the Borrower (whether sounding in tort, contract or otherwise) for losses suffered by the Borrower in connection with, arising out of, or in any way related to, the transactions contemplated and the relationship established by the Loan Documents,
or any act, omission or event occurring in connection therewith, unless it is determined in a final non-appealable judgment by a court of competent jurisdiction that such losses resulted from the gross negligence or willful misconduct of the party
from which recovery is sought. Neither the Agent, the Arranger, nor any Lender shall have any liability with respect to, and the Borrower hereby waives, releases and agrees not to sue for, any special, indirect, consequential or punitive damages
suffered by the Borrower or any Subsidiary in connection with, arising out of, or in any way related to the Loan Documents or the transactions contemplated thereby. 
 9.11. Confidentiality. Each Lender agrees to hold any confidential information which it may receive from the Borrower pursuant to this Agreement in confidence in accordance with its respective customary
practices (but in any event in accordance with reasonable confidentiality practices), except for disclosure (i) to its Affiliates and to other Lenders and their respective Affiliates, for use solely in connection with the transactions
contemplated hereby, (ii) to legal counsel, accountants, and other professional advisors to such Lender or to a Transferee who are expected to be involved in the evaluation of such information in connection with the transactions contemplated
hereby, in each case which have been informed as to the confidential nature of such information, (iii) to regulatory officials having jurisdiction over it, (iv) to any Person as required by law, regulation, or legal process, (v) of
information that presently or hereafter becomes available to such Lender on a non-confidential basis from a source other than the Borrower and other than as a result of disclosure not otherwise permitted by this Section 9.11, (vi) to any
Person in connection with any legal proceeding to which such Lender is a party, (vii)

  

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to such Lender’s direct or indirect contractual counterparties in credit derivative transactions or to legal counsel, accountants and other professional
advisors to such counterparties, in each case which have been informed as to the confidential nature of such information, (viii) permitted by Section 12.4 and (ix) to rating agencies if requested or required by such agencies in
connection with a rating relating to the Loans hereunder. Without limiting Section 9.4, the Borrower agrees that the terms of this Section 9.11 shall set forth the entire agreement between the Borrower and each Lender (including the Agent)
with respect to any confidential information previously or hereafter received by such Lender in connection with this Agreement or any other Loan Document, and this Section 9.11 shall supersede any and all prior confidentiality agreements
entered into by such Lender with respect to such confidential information. Notwithstanding anything herein to the contrary, confidential information shall not include, and each party hereto (and each employee, representative or other agent of any
party hereto) may disclose to any and all Persons, without limitation of any kind, the U.S. federal income tax treatment and 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 or have been provided to such party relating to such tax treatment or tax structure, and it is hereby confirmed that each party hereto has been authorized to make such disclosures since the commencement of discussions
regarding the transactions contemplated hereby. 
 9.12. Lenders Not Utilizing Plan Assets. Each Lender and Designated Lender
represents and warrants that none of the consideration used by such Lender or Designated Lender to make its Loan constitutes for any purpose of ERISA or Section 4975 of the Code assets of any “plan” as defined in Section 3(3) of
ERISA or Section 4975 of the Code and the rights and interests of such Lender or Designated Lender in and under the Loan Documents shall not constitute such “plan assets” under ERISA. 
 9.13. Nonreliance. Each Lender hereby represents that it is not relying on or looking to any margin stock (as defined in Regulation U) as
collateral in the extension or maintenance of the credit provided for herein. 
 9.14. Disclosure. The Borrower and each Lender hereby
acknowledge and agree that each Lender and/or its Affiliates from time to time may hold investments in, make other loans to or have other relationships with the Borrower and its Affiliates. 
 9.15. Performance of Obligations. The Borrower agrees that the Agent may, but shall have no obligation to (i) at any time, pay or discharge
taxes, liens, security interests or other encumbrances levied or placed on or threatened against any collateral for the Obligations and (ii) after the occurrence and during the continuance of a Default make any other payment or perform any act
required of the Borrower or any Subsidiary under any Loan Document or take any other action which the Agent in its discretion deems necessary or desirable to protect or preserve the collateral, if any, for the Obligations, including, without
limitation, any action to (x) effect any repairs or obtain any insurance called for by the terms of any of the Loan Documents and to pay all or any part of the premiums therefor and the costs thereof and (y) pay any rents payable by the
Borrower or any Subsidiary which are more than 30 days past due, or as to which the landlord has given notice of termination, under any lease. The Agent shall use its best efforts to give the Borrower notice of any action taken under this
Section 9.15 prior to the taking of such action or promptly thereafter provided the failure to give such notice shall not affect the 

  

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Borrower’s obligations in respect thereof. The Borrower agrees to pay the Agent, upon demand, the principal amount of all funds advanced by the Agent
under this Section 9.15, together with interest thereon at the rate from time to time applicable to Floating Rate Loans from the date of such advance until the outstanding principal balance thereof is paid in full. If the Borrower fails to make
payment in respect of any such advance under this Section 9.15 within one (1) Business Day after the date the Borrower receives written demand therefor from the Agent, the Agent shall promptly notify each Lender and each Lender agrees that
it shall thereupon make available to the Agent, in Dollars in immediately available funds, the amount equal to such Lender’s Pro Rata Share of such advance. If such funds are not made available to the Agent by such Lender within one
(1) Business Day after the Agent’s demand therefor, the Agent will be entitled to recover any such amount from such Lender together with interest thereon at the Federal Funds Effective Rate for each day during the period commencing on the
date of such demand and ending on the date such amount is received. The failure of any Lender to make available to the Agent its Pro Rata Share of any such unreimbursed advance under this Section 9.15 shall neither relieve any other Lender of
its obligation hereunder to make available to the Agent such other Lender’s Pro Rata Share of such advance on the date such payment is to be made nor increase the obligation of any other Lender to make such payment to the Agent. All outstanding
principal of, and interest on, advances made under this Section 9.15 shall constitute Obligations until paid in full by the Borrower. 
 9.16. Relations Among Lenders. 
 9.16.1 No Action Without Consent. Except with respect to the
exercise of setoff rights of any Lender in accordance with Section 11.1, the proceeds of which are applied in accordance with this Agreement, each Lender agrees that it will not take any action, nor institute any actions or proceedings, against
the Borrower or any other obligor hereunder or with respect to any Loan Document, without the prior written consent of the Required Lenders or, as may be provided in this Agreement or the other Loan Documents, with the consent of the Agent.

 9.16.2 Not Partners; No Liability. The Lenders are not partners or co-venturers, and no Lender shall be liable for
the acts or omissions of, or (except as otherwise set forth herein in case of the Agent) authorized to act for, any other Lender. The Agent shall have the exclusive right on behalf of the Lenders to enforce the payment of the principal of and
interest on any Loan after the date such principal or interest has become due and payable pursuant to the terms of this Agreement. 
 9.17.
USA Patriot Act Notification. The following notification is provided to the Borrower pursuant to Section 326 of the USA Patriot Act of 2001, 31 U.S.C. Section 5318: 
 IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT. To help the government fight the funding of terrorism and money
laundering activities, Federal law requires all financial institutions to obtain, verify, and record 

  

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information that identifies each person or entity that opens an account, including any deposit account, treasury management account, loan, other extension of
credit, or other financial services product. What this means for the Borrower: When the Borrower opens an account, the Agent and the Lenders will ask for the Borrower’s name, tax identification number, business address, and other information
that will allow the Agent and the Lenders to identify the Borrower. The Agent and the Lenders may also ask to see the Borrower’s legal organizational documents or other identifying documents. 
 ARTICLE X 
 THE AGENT

 10.1. Appointment; Nature of Relationship. JPMorgan is hereby appointed by each of the Lenders as its contractual
representative (herein referred to as the “Agent”) hereunder and under each other Loan Document, and each of the Lenders irrevocably authorizes the Agent to act as the contractual representative of such Lender with the rights and duties
expressly set forth herein and in the other Loan Documents. The Agent agrees to act as such contractual representative upon the express conditions contained in this Article X. Notwithstanding the use of the defined term “Agent,” it is
expressly understood and agreed that the Agent shall not have any fiduciary responsibilities to any of the Holders of Obligations (including, without limitation, the Lenders) by reason of this Agreement or any other Loan Document and that the Agent
is merely acting as the contractual representative of the Lenders with only those duties as are expressly set forth in this Agreement and the other Loan Documents. In its capacity as the Lenders’ contractual representative, the Agent
(i) does not hereby assume any fiduciary duties to any of the Holders of Obligations, (ii) is a “representative” of the Holders of Obligations within the meaning of the term “secured party” as defined in the Illinois
Uniform Commercial Code and (iii) is acting as an independent contractor, the rights and duties of which are limited to those expressly set forth in this Agreement and the other Loan Documents. Each of the Lenders, for itself and on behalf of
its Affiliates as Holders of Obligations, hereby agrees to assert no claim against the Agent on any agency theory or any other theory of liability for breach of fiduciary duty, all of which claims each Holder of Obligations hereby waives.

 10.2. Powers. The Agent shall have and may exercise such powers under the Loan Documents as are specifically delegated to the Agent
by the terms of each thereof, together with such powers as are reasonably incidental thereto. The Agent shall have no implied duties or fiduciary duties to the Lenders, or any obligation to the Lenders to take any action thereunder except any action
specifically provided by the Loan Documents to be taken by the Agent. 
 10.3. General Immunity. Neither the Agent nor any of its
directors, officers, agents or employees shall be liable to the Borrower, any Subsidiary, any Lender or any Holder of Obligations for any action taken or omitted to be taken by it or them hereunder or under any other Loan Document or in connection
herewith or therewith except to the extent such action or inaction is determined in a final, non-appealable judgment by a court of competent jurisdiction to have arisen from the gross negligence or willful misconduct of such Person. 
 10.4. No Responsibility for Loans, Recitals, etc. Neither the Agent nor any of its directors, officers, agents or employees shall be responsible
for or have any duty to ascertain, 

  

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inquire into, or verify (a) any statement, warranty or representation made in connection with any Loan Document or any borrowing hereunder; (b) the
performance or observance of any of the covenants or agreements of any obligor under any Loan Document, including, without limitation, any agreement by an obligor to furnish information directly to each Lender; (c) the satisfaction of any
condition specified in Article IV, except receipt of items required to be delivered solely to the Agent; (d) the existence or possible existence of any Default or Unmatured Default; (e) the validity, enforceability, effectiveness,
sufficiency or genuineness of any Loan Document or any other instrument or writing furnished in connection therewith; (f) the value sufficiency, creation, perfection or priority of any Lien in any collateral security; or (g) the financial
condition of the Borrower, any Subsidiary or any guarantor of any of the Obligations or of any of the Borrower’s, such Subsidiary’s or any such guarantor’s respective Subsidiaries. The Agent shall have no duty to disclose, and shall
have no liability for the failure to disclose, to the Lenders information that is not required to be furnished by the Borrower to the Agent at such time, but is voluntarily furnished by the Borrower to the Agent (either in its capacity as Agent or
in its individual capacity) or any of its Affiliates. 
 10.5. Action on Instructions of Lenders. The Agent shall in all cases be
fully protected in acting, or in refraining from acting, hereunder and under any other Loan Document in accordance with written instructions signed by the Required Lenders (or all of the Lenders in the event that and to the extent that this
Agreement expressly requires such approval), and such instructions and any action taken or failure to act pursuant thereto shall be binding on all of the Lenders. The Lenders hereby acknowledge that the Agent shall be under no duty to take any
discretionary action permitted to be taken by it pursuant to the provisions of this Agreement or any other Loan Document unless it shall be requested in writing to do so by the Required Lenders (or all of the Lenders in the event that and to the
extent that this Agreement expressly requires such approval). The Agent shall be fully justified in failing or refusing to take any action hereunder and under any other Loan Document unless it shall first be indemnified to its satisfaction by the
Lenders pro rata against any and all liability, cost and expense that it may incur by reason of taking or continuing to take any such action. 
 10.6. Employment of Agents and Counsel. The Agent may execute any of its duties as Agent hereunder and under any other Loan Document by or through employees, agents, and attorneys-in-fact and shall not be answerable to the Lenders,
except as to money or securities received by it or its authorized agents, for the default or misconduct of any such agents or attorneys-in-fact selected by it with reasonable care. The Agent shall be entitled to advice of counsel concerning the
contractual arrangement between the Agent and the Lenders and all matters pertaining to the Agent’s duties hereunder and under any other Loan Document. 
 10.7. Reliance on Documents; Counsel. The Agent shall be entitled to rely upon any Note, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex, electronic mail message, statement, paper or
document believed by it to be genuine and correct and to have been signed or sent by the proper person or persons, and, in respect to legal matters, upon the opinion of counsel selected by the Agent, which counsel may be employees of the Agent. For
purposes of determining compliance with the conditions specified in Section 4.1, each Lender that has signed this Agreement (or otherwise become party hereto pursuant to an Assignment Agreement) shall be deemed to have consented to, approved or
accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Agent shall have received notice from such Lender prior to the applicable date
specifying its objection thereto. 
  

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 10.8. Agent’s Reimbursement and Indemnification. The Lenders agree to reimburse and indemnify
the Agent ratably in proportion to the Lenders’ Pro Rata Shares of the Aggregate Outstanding Credit Exposure (i) for any amounts not reimbursed by the Borrower for which the Agent is entitled to reimbursement by any Credit Party under the
Loan Documents, (ii) for any other expenses incurred by the Agent on behalf of the Lenders, in connection with the preparation, execution, delivery, administration and enforcement of the Loan Documents (including, without limitation, for any
expenses incurred by the Agent in connection with any dispute between the Agent and any Lender or between two or more of the Lenders) and (iii) for any liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements of any kind and nature whatsoever which may be imposed on, incurred by or asserted against the Agent in any way relating to or arising out of the Loan Documents or any other document delivered in connection therewith or the
transactions contemplated thereby (including, without limitation, for any such amounts incurred by or asserted against the Agent in connection with any dispute between the Agent and any Lender or between two or more of the Lenders), or the
enforcement of any of the terms of the Loan Documents or of any such other documents, provided that (i) no Lender shall be liable for any of the foregoing to the extent any of the foregoing is found in a final, non-appealable judgment by a
court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of the Agent and (ii) any indemnification required pursuant to Section 3.5(vii) shall, notwithstanding the provisions of this
Section 10.8, be paid by the relevant Lender in accordance with the provisions thereof. The obligations of the Lenders under this Section 10.8 shall survive payment of the Obligations and termination of this Agreement. 
 10.9. Notice of Default. The Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Unmatured Default hereunder
unless the Agent has received written notice from a Lender or the Borrower referring to this Agreement describing such Default or Unmatured Default and stating that such notice is a “notice of default”. In the event that the Agent receives
such a notice, the Agent shall give prompt notice thereof to the Lenders. 
 10.10. Rights as a Lender. In the event the Agent is a
Lender, the Agent shall have the same rights and powers hereunder and under any other Loan Document with respect to its Loan as any Lender and may exercise the same as though it were not the Agent, and the term “Lender” or
“Lenders” shall, at any time when the Agent is a Lender, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent and its Affiliates may accept deposits from, lend money to, and generally engage in
any kind of trust, debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Loan Document, with the Borrower or any Subsidiary in which the Borrower or such Subsidiary is not restricted hereby from engaging
with any other Person. The Agent, in its individual capacity, is not obligated to remain a Lender. 
 10.11. Lender Credit Decision.
Each Lender acknowledges that it has, independently and without reliance upon the Agent, the Arranger or any other Lender and based on the financial statements prepared by the Borrower and such other documents and information as it has deemed
appropriate, made its own credit analysis and decision to enter into this Agreement 

  

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and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon the Agent, the Arranger 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 and the other Loan Documents. 
 10.12. Successor Agent. The Agent may resign at any time by giving written notice thereof to the Lenders and the Borrower, such resignation to be
effective upon the appointment of a successor Agent or, if no successor Agent has been appointed, forty-five days after the retiring Agent gives notice of its intention to resign. Upon any such resignation, the Required Lenders shall have the right
to appoint, on behalf of the Borrower and the Lenders, a successor Agent. If no successor Agent shall have been so appointed by the Required Lenders within thirty days after the resigning Agent’s giving notice of its intention to resign, then
the resigning Agent may appoint, on behalf of the Borrower and the Lenders, a successor Agent. Notwithstanding the two immediately preceding sentences: (x) subject to clause (y) of this sentence, the consent of the Borrower shall be
required prior to the appointment of a successor Agent unless such successor Agent is a Lender or an Affiliate of a Lender, provided that the consent of the Borrower shall not be required if a Default has occurred and is continuing, and (y) the
Agent may at any time without the consent of the Borrower or any Lender, appoint any of its Affiliates which is a commercial bank as a successor Agent hereunder. If the Agent has resigned and no successor Agent has been appointed, the Lenders may
perform all the duties of the Agent hereunder and the Borrower shall make all payments in respect of the Obligations to the applicable Lender and for all other purposes shall deal directly with the Lenders. No successor Agent shall be deemed to be
appointed hereunder until such successor Agent has accepted the appointment. Any such successor Agent shall be a commercial bank having capital and retained earnings of at least $100,000,000. Upon the acceptance of any appointment as Agent hereunder
by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the resigning Agent. Upon the effectiveness of the resignation of the Agent, the resigning shall be
discharged from its duties and obligations hereunder and under the Loan Documents. After the effectiveness of the resignation of an Agent, the provisions of this Article X shall continue in effect for the benefit of such Agent in respect of any
actions taken or omitted to be taken by it while it was acting as the Agent hereunder and under the other Loan Documents. In the event that there is a successor to the Agent by merger, or the Agent assigns its duties and obligations to an Affiliate
pursuant to this Section 10.12, then the term “Prime Rate” as used in this Agreement shall mean the prime rate, base rate or other analogous rate of the new Agent. 
 10.13. Agent and Arranger Fees. The Borrower agrees to pay to the Agent and the Arranger, for their respective accounts, the fees agreed to by the
Borrower, the Agent, and the Arranger pursuant to that certain letter agreement dated February 22, 2008, or as otherwise agreed from time to time. 
 10.14. Delegation to Affiliates. The Borrower and the Lenders agree that the Agent may delegate any of its duties under this Agreement to any of its Affiliates. Any such Affiliate (and such Affiliate’s
directors, officers, agents and employees) which performs duties in connection with this Agreement shall be entitled to the same benefits of the indemnification, waiver and other protective provisions to which the Agent is entitled under Articles IX
and X. 
  

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 10.15. No Duties Imposed on Arranger. None of the Persons identified on the cover page to this
Agreement, the signature pages to this Agreement or otherwise in this Agreement as an “Arranger” shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than, if such Person is a Lender, those
applicable to all Lenders as such. Without limiting the foregoing, none of the Persons identified on the cover page to this Agreement, the signature pages to this Agreement or otherwise in this Agreement as an “Arranger” shall have or be
deemed to have any fiduciary duty to or fiduciary relationship with any Holder of Obligations. Each of the Holders of Obligations acknowledges that it has not relied, and will not rely, on any of the Persons so identified in deciding to enter into
this Agreement or in taking or not taking action hereunder. 
 ARTICLE XI 
 SETOFF; RATABLE PAYMENTS 
 11.1. Setoff. In addition to, and without
limitation of, any rights of the Lenders under applicable law, if the Borrower becomes insolvent, however evidenced, or any other Default occurs and continues, any and all deposits (including all account balances, whether provisional or final and
whether or not collected or available) and any other Indebtedness at any time held or owing by any Lender or any Affiliate of any Lender to or for the credit or account of the Borrower or any Subsidiary may be offset and applied toward the payment
of the Obligations owing to such Lender, whether or not the Obligations, or any part thereof, shall then be due. 
 11.2. Ratable
Payments. If any Lender, whether by setoff or otherwise, has payment made to it upon its Outstanding Credit Exposure (other than payments received pursuant to Section 3.1, 3.2, 3.4 or 3.5) in a greater proportion than that received by any
other Lender, such Lender agrees, promptly upon demand, to purchase a participation in the Aggregate Outstanding Credit Exposure held by the other Lenders so that after such purchase each Lender will hold its Pro Rata Share of the Aggregate
Outstanding Credit Exposure. If any Lender, whether in connection with setoff or amounts which might be subject to setoff or otherwise, receives collateral or other protection for its Obligations or such amounts which may be subject to setoff, such
Lender agrees, promptly upon demand, to take such action necessary such that all Lenders share in the benefits of such collateral ratably in proportion to their respective Pro Rata Shares of the Aggregate Outstanding Credit Exposure. In case any
such payment is disturbed by legal process, or otherwise, appropriate further adjustments shall be made. 
 ARTICLE XII 
 BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS 
 12.1. Successors and Assigns; Designated Lenders. 
 12.1.1 Successors and
Assigns. The terms and provisions of the Loan Documents shall be binding upon and inure to the benefit of the Borrower, the Agent and the Lenders and their respective successors and assigns permitted hereby, except that (i) the Borrower
shall not have any right to assign its rights or obligations under the 

  

 63 

 
Loan Documents without the prior written consent of each Lender, (ii) any assignment by any Lender must be made in compliance with Section 12.3,
and (iii) any transfer by Participants must be made in compliance with Section 12.2. Any attempted assignment or transfer by any party not made in compliance with this Section 12.1 shall be null and void, unless such attempted
assignment or transfer is treated as a participation in accordance with Section 12.3.2. The parties to this Agreement acknowledge that clause (ii) of this Section 12.1 relates only to absolute assignments and this Section 12.1
does not prohibit assignments creating security interests, including, without limitation, (x) any pledge or assignment by any Lender of all or any portion of its rights under this Agreement and any Note to a Federal Reserve Bank, (y) in
the case of a Lender which is a Fund, any pledge or assignment of all or any portion of its rights under this Agreement and any Note to its trustee in support of its obligations to its trustee or (z) any pledge or assignment by any Lender of
all or any portion of its rights under this Agreement and any Note to direct or indirect contractual counterparties in credit derivative transactions relating to the Loans; provided, however, that no such pledge or assignment creating a
security interest shall release the transferor Lender from its obligations hereunder unless and until the parties thereto have complied with the provisions of Section 12.3. The Agent may treat the Person which made any Loan or which holds any
Note as the owner thereof for all purposes hereof unless and until such Person complies with Section 12.3; provided, however, that the Agent may in its discretion (but shall not be required to) follow instructions from the Person which
made any Loan or which holds any Note to direct payments relating to such Loan or Note to another Person. Any assignee of the rights to any Loan or any Note agrees by acceptance of such assignment to be bound by all the terms and provisions of the
Loan Documents. Any request, authority or consent of any Person, who at the time of making such request or giving such authority or consent is the owner of the rights to any Loan (whether or not a Note has been issued in evidence thereof), shall be
conclusive and binding on any subsequent holder or assignee of the rights to such Loan. 
 12.1.2 Designated Lenders.

  

	 	(i)	 Subject to the terms and conditions set forth in this Section 12.1.2, any Lender may elect to designate an Eligible Designee to provide all or any part of the
Loan to be made by such Lender pursuant to this Agreement; provided that the designation of an Eligible Designee by any Lender for purposes of this Section 12.1.2 shall be subject to the approval of the Agent (which consent shall not be
unreasonably withheld or delayed). Upon the execution by the parties to each such designation of an agreement in the form of Exhibit E hereto (a “Designation Agreement”) and the acceptance thereof by the Agent, the Eligible Designee shall

  

 64 

	 	 
become a Designated Lender for purposes of this Agreement. The Designating Lender shall thereafter have the right to permit the Designated Lender to provide
all or a portion of the Loan to be made by the Designating Lender pursuant to the terms of this Agreement and the making of the Loan or portion thereof shall satisfy the obligations of the Designating Lender to the same extent, and as if, such Loan
was made by the Designating Lender. As to a Loan made by it, each Designated Lender shall have all the rights a Lender making such Loan would have under this Agreement and otherwise; provided, (x) that all voting rights under this Agreement
shall be exercised solely by the Designating Lender, (y) each Designating Lender shall remain solely responsible to the other parties hereto for its obligations under this Agreement, including the obligations of a Lender in respect of a Loan
made by its Designated Lender and (z) no Designated Lender shall be entitled to reimbursement under Article III hereof for any amount which would exceed the amount that would have been payable by the Borrower to the Lender from which the
Designated Lender obtained any interests hereunder. No additional Notes shall be required with respect to a Loan provided by a Designated Lender; provided, however, to the extent any Designated Lender shall advance funds, the Designating Lender
shall be deemed to hold the Notes in its possession as an agent for such Designated Lender to the extent of the Loan funded by such Designated Lender. Such Designating Lender shall act as administrative agent for its Designated Lender and give and
receive notices and communications hereunder. Any payments for the account of any Designated Lender shall be paid to its Designating Lender as administrative agent for such Designated Lender and neither the Borrower nor the Agent shall be
responsible for any Designating Lender’s application of such payments. In addition, any Designated Lender may (1) with notice to, but without the consent of the Borrower or the Agent, assign all or portions of its interests in any Loan to
its Designating Lender or to any financial institution consented to by the Agent providing liquidity and/or credit facilities to or for the account of such Designated Lender and (2) subject to advising any such Person that such information is
to be treated as confidential in accordance with Section 9.11, disclose on a confidential basis any non-public information relating to its Loan to any rating agency, commercial paper dealer or provider of any guarantee, surety or credit or
liquidity enhancement to such Designated Lender. 

  

	 	(ii)	Each party to this Agreement hereby agrees that it shall not institute against, or join any other Person in instituting against, any Designated Lender any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceeding or other proceedings under any federal or state bankruptcy or similar law for one year and a day after the payment in full of all outstanding senior indebtedness of any Designated
Lender; provided that the Designating Lender for each Designated Lender hereby agrees to indemnify, save and hold harmless each other party hereto for any loss, cost, damage and expense arising out of its inability to institute any such proceeding
against such Designated Lender. This Section 12.1.2 shall survive the termination of this Agreement. 

  

 65 

 12.2. Participations. 
 12.2.1 Permitted Participants; Effect. Any Lender may at any time sell to one or more banks or other entities
(“Participants”) participating interests in any Outstanding Credit Exposure of such Lender, any Note held by such Lender or any other interest of such Lender under the Loan Documents. In the event of any such sale by a Lender of
participating interests to a Participant, such Lender’s obligations under the Loan Documents shall remain unchanged, such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, such Lender
shall remain the owner of its Outstanding Credit Exposure and the holder of any Note issued to it in evidence thereof for all purposes under the Loan Documents, all amounts payable by the Borrower under this Agreement shall be determined as if such
Lender had not sold such participating interests, and the Borrower and the Agent shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under the Loan Documents. 
 12.2.2 Voting Rights. Each Lender shall retain the sole right to approve, without the consent of any Participant, any amendment,
modification or waiver of any provision of the Loan Documents other than any amendment, modification or waiver with respect to the Loan in which such Participant has an interest which would require consent of all of the Lenders pursuant to the terms
of Section 8.2. 
 12.2.3 Benefit of Certain Provisions. The Borrower agrees that each Participant shall be
deemed to have the right of setoff provided in Section 11.1 in respect of its participating interest in amounts owing under the Loan Documents to the same extent as if the amount of its participating interest were owing directly to it as a
Lender under the Loan Documents, provided that each Lender shall retain the right of setoff provided in Section 11.1 with respect to the amount of participating interests sold to each Participant. The Lenders agree to share with each
Participant, and each Participant, by exercising the right of setoff provided in Section 11.1, agrees to share with each Lender, any amount received pursuant to the exercise of its right of setoff, such amounts to be shared in accordance with
Section 11.2 as if each Participant were a Lender. The Borrower further agrees that each Participant shall be entitled to the benefits of Sections 3.1, 3.2, 3.4 and 3.5 to the same extent as if it were a Lender and had acquired its interest by
assignment pursuant to Section 12.3, provided that (i) a Participant shall not be entitled to receive any greater payment under Section 3.1, 3.2 or 3.5 than the Lender who sold the participating interest to such Participant would have
received had it retained such interest for its own account, unless the sale of such interest to such Participant is made with the prior written consent of the Borrower, and (ii) any Participant not incorporated under the laws of the United
States of America or any State thereof agrees to comply with the provisions of Section 3.5 to the same extent as if it were a Lender. 
  

 66 

 12.3. Assignments. 
 12.3.1 Permitted Assignments. Any Lender may at any time assign to one or more banks or other entities (“Purchasers”)
all or any part of its rights and obligations under the Loan Documents. Such assignment shall be evidenced by an agreement substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto (each such agreement,
an “Assignment Agreement”). Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate of a Lender or an Approved Fund shall, unless otherwise consented to in writing by the Borrower and the Agent, either be in
an amount equal to the entire applicable Outstanding Credit Exposure of the assigning Lender or (unless each of the Agent and, prior to the occurrence and continuance of a Default, the Borrower, otherwise consents) be in an aggregate amount not less
than $5,000,000. The amount of the assignment shall be based on the Outstanding Credit Exposure subject to the assignment, determined as of the date of such assignment or as of the “Trade Date,” if the “Trade Date” is specified
in the Assignment Agreement. 
 12.3.2 Consents. The consent of the Borrower shall be required prior to an assignment
becoming effective unless the Purchaser is a Lender, an Affiliate of a Lender or an Approved Fund (other than a Lender or Affiliate of a Lender or an Approved Fund that becomes a Lender solely by means of the settlement of a credit derivative),
provided that the consent of the Borrower shall not be required if (i) a Default or Unmatured Default has occurred and is continuing or (ii) if such assignment is in connection with the physical settlement of any Lender’s obligations
to direct or indirect contractual counterparties in credit derivative transactions relating to its Loan; provided, that the assignment without the Borrower’s consent pursuant to clause (ii) shall not increase the Borrower’s liability
under Section 3.5. The consent of the Agent shall be required prior to an assignment becoming effective unless the Purchaser is a Lender, an Affiliate of a Lender or an Approved Fund (other than a Lender or Affiliate of a Lender or an Approved
Fund that becomes a Lender solely by means of the settlement of a credit derivative). Any consent required under this Section 12.3.2 shall not be unreasonably withheld or delayed. 
 12.3.3 Effect; Effective Date. Upon (i) delivery to the Agent of an Assignment Agreement, together with any consents required
by Sections 12.3.1 and 12.3.2, and (ii) payment of a $3,500 fee to the Agent by the assigning Lender or the Purchaser for processing such 

  

 67 

 
assignment (unless such fee is waived by the Agent or unless such assignment is made to such assigning Lender’s Affiliate), such assignment shall become
effective on the effective date specified in such assignment. The Assignment Agreement shall contain a representation and warranty by the Purchaser to the effect that none of the funds, money, assets or other consideration used to make the purchase
and assumption of the Outstanding Credit Exposure under the applicable Assignment Agreement constitutes “plan assets” as defined under ERISA and that the rights, benefits and interests of the Purchaser in and under the Loan Documents will
not be “plan assets” under ERISA. On and after the effective date of such assignment, such Purchaser shall for all purposes be a Lender party to this Agreement and any other Loan Document executed by or on behalf of the Lenders and shall
have all the rights, benefits and obligations of a Lender under the Loan Documents, to the same extent as if it were an original party thereto, and the transferor Lender shall be released with respect to the Outstanding Credit Exposure assigned to
such Purchaser without any further consent or action by the Borrower, the Lenders or the Agent. In the case of an assignment covering all of the assigning Lender’s rights, benefits and obligations under this Agreement, such Lender shall cease
to be a Lender hereunder but shall continue to be entitled to the benefits of, and subject to, those provisions of this Agreement and the other Loan Documents which survive payment of the Obligations and termination of the Loan Documents. Any
assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 12.3 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with Section 12.2. Upon the consummation of any assignment to a Purchaser pursuant to this Section 12.3.3, the transferor Lender, the Agent and the Borrower shall, if the transferor Lender or the Purchaser desires
that its Loan be evidenced by a Note, make appropriate arrangements so that, upon cancellation and surrender to the Borrower of the Note (if any) held by the transferor Lender, a new Note or, as appropriate, a replacement Note is issued to such
transferor Lender, if applicable, and a new Note or, as appropriate, a replacement Note, is issued to such Purchaser, in each case in principal amounts reflecting their respective Outstanding Credit Exposure as adjusted pursuant to such assignment.

 12.3.4 Register. The Agent, acting solely for this purpose as an agent of the Borrower (and the Borrower hereby
designates the Agent to act in such capacity), shall maintain at one of its offices in Chicago, Illinois a copy of each Assignment and Assumption delivered to it and a register (the “Register”) for the recordation of the names and
addresses of the Lenders, and the principal amounts of 

  

 68 

 
and interest on the Loan owing to, each Lender pursuant to the terms hereof from time to time and whether such Lender is an original Lender or assignee of
another Lender pursuant to an assignment under this Section 13.3. The entries in the Register shall be conclusive, and the Borrower, the Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms
hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable
prior notice. 
 12.4. Dissemination of Information. The Borrower authorizes each Lender to disclose to any Participant or Purchaser
or any other Person acquiring an interest in the Loan Documents by operation of law (each a “Transferee”) and any prospective Transferee any and all information in such Lender’s possession concerning the creditworthiness of the
Borrower and the Subsidiaries; provided that each Transferee and prospective Transferee agrees to be bound by Section 9.11 of this Agreement. 
 12.5. Tax Certifications. If any interest in any Loan Document is transferred to any Transferee which is not organized under the laws of the United States or any State thereof, the transferor Lender shall cause such Transferee,
concurrently with the effectiveness of such transfer, to comply with the provisions of Section 3.5(iv). 
 ARTICLE XIII

 NOTICES 
 13.1.
Notices; Effectiveness; Electronic Communication. 
 13.1.1 Notices Generally. Except in the case of notices
and other communications expressly permitted to be given by telephone (and except as provided in Section 13.1.2), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier
service, mailed by certified or registered mail or sent by telecopier as follows: 
  

	 	(i)	if to the Borrower, at the Borrower’s address or telecopier number set forth on the signature page hereof; 

  

	 	(ii)	if to the Agent at its address or telecopier number set forth on the signature page hereof; 

  

	 	(iii)	if to a Lender other than JPMorgan, to it at its address (or telecopier number) set forth in its administrative questionnaire delivered to the Agent. 

 Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices
sent by telecopier shall 

  

 69 

 
be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the
opening of business on the next Business Day for the recipient). Notices delivered through electronic communications to the extent provided in Section 13.1.2, shall be effective as provided in Section 13.1.2. 
 13.1.2 Electronic Communications. Notices and other communications to the Lenders may be delivered or furnished by electronic
communication (including e-mail and internet or intranet websites) pursuant to procedures approved by the Agent or as otherwise determined by the Agent, provided that the foregoing shall not apply to notices to any Lender pursuant to Article II if
such Lender has notified the Agent that it is incapable of receiving notices under such Article by electronic communication. The Agent or the Borrower, may, in its respective discretion, agree to accept notices and other communications to it
hereunder by electronic communications pursuant to procedures approved by it or as it otherwise determines, provided that such determination or approval may be limited to particular notices or communications. 
 Unless the Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s
receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), provided that if such notice or other communication is not given
during the normal business hours of the recipient, such notice or communication shall be deemed to have been given at the opening of business on the next Business Day for the recipient, and (ii) notices or communications posted to an Internet
or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the
website address therefor. 
 13.2. Change of Address, Etc. Any party hereto may change its address or telecopier number for notices
and other communications hereunder by notice to the other parties hereto. 
 ARTICLE XIV 
 COUNTERPARTS; INTEGRATION; EFFECTIVENESS; ELECTRONIC EXECUTION 
 14.1. Counterparts; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when
taken together shall constitute a single contract. Except as provided in Article IV, 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 parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of
this Agreement by telecopy shall be effective as delivery of a manually executed counterpart of this Agreement. 
  

 70 

 14.2. Electronic Execution of Assignments. The words “execution,” “signed,”
“signature,” and words of like import in any assignment and assumption agreement shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or
enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National
Commerce Act, or any other state laws based on the Uniform Electronic Transactions Act. 
 ARTICLE XV 
 CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL 
 15.1. CHOICE OF LAW. THE LOAN DOCUMENTS (OTHER THAN THOSE CONTAINING A CONTRARY EXPRESS CHOICE OF LAW PROVISION) SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS, INCLUDING SECTIONS
5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK BUT OTHERWISE WITHOUT REGARD TO THE CONFLICT OF LAWS PROVISIONS THEREOF BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS. 
 15.2. CONSENT TO JURISDICTION. THE BORROWER HEREBY IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF THE SUPREME COURT OF THE STATE OF
NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS AND THE BORROWER
HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING
BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE AGENT, ANY LENDER OR ANY HOLDER OF OBLIGATIONS TO BRING PROCEEDINGS AGAINST THE BORROWER IN THE COURTS OF ANY OTHER JURISDICTION. ANY
JUDICIAL PROCEEDING BY THE BORROWER AGAINST THE AGENT, ANY LENDER OR HOLDER OF OBLIGATIONS OR ANY AFFILIATE OF THE AGENT, ANY LENDER OR HOLDER OF OBLIGATIONS INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR
CONNECTED WITH ANY LOAN DOCUMENT SHALL BE BROUGHT ONLY IN A COURT SITTING IN NEW YORK, NEW YORK. 
  

 71 

 15.3. WAIVER OF JURY TRIAL. THE BORROWER, THE AGENT, EACH LENDER AND EACH HOLDER OF OBLIGATIONS
HEREBY WAIVE TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH ANY LOAN DOCUMENT OR THE RELATIONSHIP
ESTABLISHED THEREUNDER. 
 The remainder of this page is intentionally blank 
  

 72 

 IN WITNESS WHEREOF, the Borrower, the Lenders and the Agent have executed this Agreement as of the date
first above written. 
  

			
	 PATTERSON COMPANIES, INC.,
 as the Borrower

		
	By:	 	 /s/ R. Stephen Armstrong

	 Print Name:
	 	R. Stephen Armstrong
	 Title:
	 	Executive Vice President, Chief Financial Officer and Treasurer
		 	1031 Mendota Heights Road
		 	St. Paul, MN 55120
		
	 Attention:
	 	R. Stephen Armstrong
		 	Executive Vice President, Chief Financial Officer, and Treasurer
	 Telephone:
	 	(651) 686-1769
	 FAX:
	 	(651) 686-8984

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. TERM LOAN CREDIT AGREEMENT 

			
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION (SUCCESSOR BY MERGER TO BANK ONE, NA (MAIN OFFICE CHICAGO)),
	individually, as Lender and as Administrative Agent
		
	By:	 	 /s/ Krys Szremski

	Print Name:	 	Krys Szremski
	Title:	 	Vice President
		 	10 South Dearborn, Floor 09
		 	Chicago, IL 60603-2003
		
	Attention:	 	Krys Szremski
	Telephone:	 	(312) 325-3227
	FAX:	 	(312) 325-3239

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. TERM LOAN CREDIT AGREEMENT 

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

		
	By:	 	 /s/ Jill J. Hogan

	Print Name:	 	Jill J. Hogan
	Title:	 	Vice President
		 	100 North Tryon Street, NC1-007-17-11
		 	Charlotte, North Carolina 28255
		
	Attention:	 	Jill J. Hogan
	Telephone:	 	(704) 386-5045
	FAX:	 	(704) 388-6002

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. TERM LOAN CREDIT AGREEMENT 

			
	PNC BANK, NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ Philip K. Liebscher

	Print Name:	 	Philip K. Liebscher
	Title:	 	Senior Vice President
		 	249 Fifth Avenue, P1-POPP-2-3
		 	Pittsburgh, Pennsylvania 15222-2707
		
	Attention:	 	Dorothy Brailer
	Telephone:	 	(412) 762-3440
	FAX:	 	(412) 405-3232

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. TERM LOAN CREDIT AGREEMENT 

			
	SUNTRUST BANK,
	as a Lender
		
	By:	 	 /s/ W. Brooks Hubbard

	Print Name:	 	W. Brooks Hubbard
	Title:	 	Managing Director
		 	Mail Code NA1907
		 	401 Commerce Street, Suie 6300
		 	Nashville, Tennessee 37219
		
	Attention:	 	W. Brooks Hubbard
	Telephone:	 	(615) 748-4465
	FAX:	 	(615) 748-5269

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. TERM LOAN CREDIT AGREEMENT 

			
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
	as a Lender
		
	By:	 	 /s/ Victor Pierzchalski

	Print Name:	 	Victor Pierzchalski
	Title:	 	Authorized Signatory
		 	1251 Avenue of the Americas
		 	New York, New York 10020-1104
		
	Attention:	 	US Corporate Banking – Matthew Ross
	Telephone:	 	(952) 473-6110
	FAX:	 	(212) 782-6440
	Copy to:	 	(952) 473-5152

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. TERM LOAN CREDIT AGREEMENT 

			
	U.S. BANK NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ Karen Weathers

	Print Name:	 	Karen Weathers
	Title:	 	Vice President
		 	800 Nicollet Mall
		 	Minneapolis, MN 55402
		
	Attention:	 	Karen Weathers
	Telephone:	 	(612) 303-3764
	FAX:	 	(612) 303-2265

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. TERM LOAN CREDIT AGREEMENT 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ Brian Buck

	Print Name:	 	Brian Buck
	Title:	 	Vice President
		
		 	Sixth & Marquette, 3rd Floor
		 	MAC: N9305-031
		 	Minneapolis, MN 55402
		
	Attention:	 	Brian Buck
	Telephone:	 	(612) 667-3857
	FAX:	 	(612) 667-2276

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. TERM LOAN CREDIT AGREEMENT 

			
	ASSOCIATED BANK, N.A.,
	as a Lender
		
	By:	 	 /s/ Paul Way

	Print Name:	 	Paul Way
	Title:	 	Senior Vice President
		
	Attention:	 	Paul Way
	Telephone:	 	(612) 359-4452
	FAX:	 	(612) 338-3950

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. TERM LOAN CREDIT AGREEMENT 

			
	FIRST HAWAIIAN BANK,
	as a Lender
		
	By:	 	 /s/ Dawn Hofmann

	Print Name:	 	Dawn Hofmann
	Title:	 	Vice President
		
	Attention:	 	
	Telephone:	 	(808) 525-7113
	FAX:	 	(808) 525-6200

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. TERM LOAN CREDIT AGREEMENT 

 COMMITMENT SCHEDULE 
 Commitments 
  

				
	 Lender
	  	Commitment
	 JPMorgan Chase Bank, National Association
	  	$	9,000,000
	 Bank of America, N.A.
	  	$	8,000,000
	 U.S. Bank National Association
	  	$	8,000,000
	 SunTrust Bank
	  	$	8,000,000
	 Bank of Tokyo-Mitsubishi UFJ, Ltd.
	  	$	8,000,000
	 PNC Bank, National Association
	  	$	7,000,000
	 Wells Fargo Bank, National Association
	  	$	7,000,000
	 Associated Bank, N.A.
	  	$	10,000,000
	 First Hawaiian Bank
	  	$	10,000,000
		  	 	 
	 TOTAL
	  	$	75,000,000

 PRICING SCHEDULE 
  

																
	 APPLICABLE MARGIN
	  	LEVEL I
STATUS	 	 	LEVEL II
STATUS	 	 	LEVEL III
STATUS	 	 	LEVEL IV
STATUS	 	 	LEVEL V
STATUS	 
	 Eurodollar Rate
	  	0.500	%	 	0.625	%	 	0.750	%	 	1.00	%	 	1.25	%
	 ABR Rate
	  	0.00	%	 	0.00	%	 	0.00	%	 	0.00	%	 	0.00	%

 The Applicable Margin shall initially be Level IV Status until the delivery of the Financials for
the period ending April 28, 2008. 
 For the purposes of this Schedule, the following terms have the following meanings, subject to the
final paragraph of this Schedule: 
 “Financials” means the annual or quarterly financial statements of the Borrower delivered
pursuant to the Agreement. 
 “Level I Status” exists at any date if, as of the last day of the fiscal quarter of the Borrower
referred to in the most recent Financials, the Leverage Ratio is less than or equal to 1.50 to 1.00. 
 “Level II Status” exists at
any date if, as of the last day of the fiscal quarter of the Borrower referred to in the most recent Financials, (i) the Borrower has not qualified for Level I Status and (ii) the Leverage Ratio is less than or equal to 2.00 to 1.00.

 “Level III Status” exists at any date if, as of the last day of the fiscal quarter of the Borrower referred to in the most
recent Financials, (i) the Borrower has not qualified for Level I Status or Level II Status and (ii) the Leverage Ratio is less than or equal to 2.50 to 1.00. 
 “Level IV Status” exists at any date if, as of the last day of the fiscal quarter of the Borrower referred to in the most recent Financials, (i) the Borrower has not qualified for Level I Status, Level
II Status or Level III Status and (ii) the Leverage Ratio is less than or equal to 3.00 to 1.00. 
 “Level V Status” exists at
any date if the Borrower has not qualified for Level I Status, Level II Status, Level III Status or Level IV Status. 
 “Status”
means Level I Status, Level II Status, Level III Status, Level IV Status or Level V Status. 
 The Applicable Margin shall be determined in
accordance with the foregoing table based on the Borrower’s Status as reflected in the then most recent Financials. Adjustments, if any, to the Applicable Margin shall be effective five Business Days after the Agent has received the applicable
Financials. If the Borrower fails to deliver the Financials to the Agent at the time required pursuant to the Agreement, then the Applicable Margin shall be the highest Applicable Margin set forth in the foregoing table until five days after such
Financials are so delivered.Accelerated Share Repurchase Agreement, dated March 19, 2008

 Exhibit 10.3 
 

 
 EXECUTION VERSION 
 March 19, 2008 
 Patterson Companies, Inc. 
 1031 Mendota Heights Road 
 St. Paul, Minnesota 55120 
 Ladies and Gentlemen: 
 The purpose of this letter agreement (this “Confirmation”) is to
confirm the terms and conditions of the Transaction entered into between J.P. Morgan Securities Inc., as agent for JPMorgan Chase Bank, National Association, London Branch (the “Seller”), and Patterson Companies, Inc., a Minnesota
corporation (the “Purchaser”), on the Trade Date specified below (the “Transaction”). This Confirmation constitutes a “Confirmation” as referred to in the Agreement specified below. 
 This Confirmation evidences a complete and binding agreement between the Seller and the Purchaser as to the terms of the Transaction to which this
Confirmation relates. This Confirmation shall supplement, form a part of, and be subject to an agreement in the form of the 2002 ISDA Master Agreement (the “Agreement”) as if the Seller and the Purchaser had executed an agreement in
such form (but without any Schedule except for the election of the laws of the State of New York as the governing law but without regard to its choice of law provisions), on the Trade Date. In the event of any inconsistency between provisions of
that Agreement and this Confirmation, this Confirmation will prevail for the purpose of the Transaction to which this Confirmation relates. The parties hereby agree that no Transaction other than the Transaction to which this Confirmation relates
shall be governed by the Agreement. 
 ARTICLE 1 
 DEFINITIONS 
 Section 1.01. Definitions. (a) As used in this Confirmation,
the following terms shall have the following meanings: 
 “10b-18 VWAP” means, (A) for any Trading Day described in
clause (x) of the definition of Trading Day hereunder, the volume-weighted average price at which the Common Stock trades as reported in the composite transactions for the principal United States securities exchange on which such Common Stock
is then listed (or, if applicable, the Successor Exchange on which the Common Stock has been listed in accordance with Section 7.01(c)), on such Trading Day, excluding (i) trades that do not settle regular way, (ii) opening (regular
way) reported trades in the consolidated system on such Trading Day, (iii) trades that occur in the last ten minutes before the scheduled close of trading on the Exchange on such Trading Day and ten minutes before the scheduled close of the
primary trading in the market where the trade is effected, and (iv) trades on such Trading Day that do not satisfy the requirements of Rule 10b-18(b)(3), as determined in good faith by the Calculation Agent, or (B) for any Trading Day that
is described in clause (y) of the definition of Trading Day hereunder, an amount determined in good faith by the Calculation Agent as 10b-18 VWAP. The Purchaser acknowledges that the Calculation Agent may refer to the Bloomberg Page
“PDCO.UQ <Equity> AQR SEC” (or any successor thereto), in its judgment, for such Trading Day to determine the 10b-18 VWAP. 
 “Additional Termination Event” has the meaning set forth in Section 7.01. 
 JPMorgan Chase Bank, National
Association 
 Organised under the laws of the United States as a National Banking Association. 
 Main Office 1111 Polaris Parkway, Columbus, Ohio 43271 
 Registered as a branch in England & Wales branch No. BR000746. 
 Registered Branch Office
125 London Wall, London EC2Y 5AJ 
 Authorised and regulated by the Financial Services Authority 

 “Agreement” has the meaning set forth in the second paragraph of this Confirmation.

 “Affected Party” has the meaning set forth in Section 14 of the Agreement. 
 “Affected Transaction” has the meaning set forth in Section 14 of the Agreement. 
 “Affiliated Purchaser” means any “affiliated purchaser” (as such term is defined in Rule 10b-18) of the Purchaser. 

“Alternative Termination Delivery Unit” means (i) in the case of a Termination Event (other than following consummation of a
Merger Event or Nationalization) or Event of Default (as defined in the Agreement), one share of Common Stock and (ii) in the case of consummation of a Merger Event or Nationalization, a unit consisting of the number or amount of each type of
property received by a holder of one share of Common Stock in such Merger Event or Nationalization; provided that if such Merger Event involves a choice of consideration to be received by holders of the Common Stock, an Alternative
Termination Delivery Unit shall be deemed to include the amount of cash received by a holder who had elected to receive the maximum possible amount of cash as consideration for his shares. 
 “Bankruptcy Code” has the meaning set forth in Section 9.07. 
 “Business Day” means any day on which the Exchange is open for trading. 
 “Calculation Agent” means JPMorgan Chase Bank, National Association. 
 “Cash Distribution” has the meaning set forth in Section 7.01(f). 
 “Cash Distribution Amount” means, for any “Reference Period” set forth in the Pricing Supplement, the amount specified
in the Pricing Supplement for such Reference Period. 
 “Cash Settlement Amount” has the meaning set forth in
Section 3.01(d). 
 “Cash Settlement Purchase Period” means the period during which the Seller purchases shares of
Common Stock to unwind its hedge position following the Valuation Completion Date, which shall be determined in a commercially reasonable manner and which shall not exceed 30 Trading Days; provided that the Seller may extend the Cash
Settlement Purchase Period as it shall determine in good faith and in a commercially reasonable manner to be appropriate in light of legal or regulatory considerations. 
 “Common Stock” has the meaning set forth in Section 2.01. 
 “Communications
Procedures” has the meaning set forth in Annex C hereto. 
 “Confirmation” has the meaning set forth in the first
paragraph of this letter agreement. 
 “Contract Fee” means the amount specified as such in the Pricing Supplement.

 “Contract Period” means the period commencing on and including the Trade Date and ending on and including the date all
payments or deliveries of shares of Common Stock pursuant to Section 3.01 or Section 7.03 have been made. 
 “Default
Notice Day” has the meaning set forth in Section 7.02(a). 
 “De-Listing” has the meaning set forth in
Section 7.01(c). 
 “Discount” means the amount specified as such in the Pricing Supplement. 
  

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 “Distribution Termination Event” has the meaning set forth in Section 7.01(f).

 “Early Termination Date” has the meaning set forth in Section 14 of the Agreement. 
 “Event of Default” has the meaning set forth in Section 14 of the Agreement. 
 “Exchange” means the NASDAQ Global Select Market. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Expiration
Date” means the 130th Trading Day following March 24, 2008. 
 “Indemnified Person” has the meaning set forth
in Section 9.02. 
 “Indemnifying Party” has the meaning set forth in Section 9.02. 
 “Initial Delivery Percentage” means the percentage specified as such in the Pricing Supplement. 
 “Initial Number of Shares” means the number of shares of Common Stock, rounded down to the nearest integer, equal to the product of
(i) the Initial Delivery Percentage and (ii) the Purchase Price divided by the Initial Share Price. 
 “Initial
Settlement Date” has the meaning set forth in Section 2.02. 
 “Initial Share Price” means $35.60. 

“Maximum Delivery Shares” means, for any date, (i) 21,067,413 shares of Common Stock, minus (ii) the net number of
shares of Common Stock delivered by the Purchaser to the Seller in respect of this Transaction on or prior to such date, plus (iii) the net number of shares of Common Stock delivered by the Seller to the Purchaser in respect of this
Transaction on or prior to such date, subject to appropriate adjustments pursuant to Section 8.02. 
 “Merger Event”
has the meaning set forth in Section 7.01(d). 
 “Nationalization” has the meaning set forth in Section 7.01(e).

 “New York Banking Day” means any day other than a Saturday, a Sunday, a legal holiday or a day on which banking
institutions are authorized or required by law or regulation to close in The City of New York. 
 “Number of Shares” has the
meaning set forth in Section 2.01. 
 “Obligations” has the meaning set forth in Section 9.02. 
 “Pricing Supplement” means the Pricing Supplement attached hereto as Annex D. 
 “Private Placement Agreement” has the meaning set forth in Annex A hereto. 
 “Private Placement Price” means the private placement value of a share of Common Stock as determined in accordance with Annex A hereto.

 “Private Placement Shares” has the meaning set forth in Section 3.01(b). 
 “Private Placement Procedures” has the meaning set forth in Annex A hereto. 
 “Private Securities” has the meaning set forth in Annex A hereto. 
  

 3 

 “Purchase Price” has the meaning set forth in Section 2.01. 
 “Purchaser” has the meaning set forth in the first paragraph of this Confirmation. 
 “Reference Period” means, for any corresponding “Cash Distribution Amount” specified in the Pricing Supplement, the
period specified in the Pricing Supplement for such Cash Distribution Amount. 
 “Registered Shares” has the meaning set
forth in Section 3.01(b). 
 “Registered Shares Fee” means the amount specified as such in the Pricing Supplement.

 “Registration Procedures” has the meaning set forth in Annex B hereto. 
 “Regulation M” means Regulation M under the Exchange Act. 
 “Rule 10b-18” means Rule 10b-18 promulgated under the Exchange Act (or any successor rule thereto). 
 “SEC” means the Securities and Exchange Commission. 
 “Securities Act”
means the Securities Act of 1933, as amended. 
 “Seller” has the meaning set forth in the first paragraph of this
Confirmation. 
 “Seller Termination Share Purchase Period” has the meaning set forth in Section 7.03. 
 “Settlement Date” means (i) if Section 3.01(a)(i) is applicable, the fourth Business Day following the Valuation Completion
Date; (ii) if settlement in cash is applicable pursuant to Section 3.01(d), the date of such cash payment determined in accordance with Section 3.01(d)(ii); (iii) if Section 3.01(e) is applicable, the Business Day
immediately following the day on which the Seller informs the Purchaser, pursuant to Annex A hereto, of the number of Private Placement Shares required to be delivered; and (iv) if Section 3.01(f) is applicable, each of the dates so
advised by the Seller pursuant to Annex B hereto. 
 “Settlement Number” means a number of shares of Common Stock, rounded
down to the nearest integer and which number may be negative, equal to (i) the Valuation Number minus (ii) the Initial Number of Shares. 
 “Settlement Purchase Amount” means an amount in cash equal to (i) the absolute value of the Settlement Number multiplied by (ii) the dollar volume weighted average price per share at
which Seller or its designated affiliate executes purchases of shares of Common Stock during the Cash Settlement Purchase Period in respect of its hedge position for the Transaction. 
 “Settlement Shares” has the meaning set forth in Section 3.01(b). 
 “Share De-listing Event” has the meaning set forth in Section 7.01(c). 
 “Successor Exchange” has the meaning set forth in Section 7.01(c). 
 “Termination Amount” has the meaning set forth in Section 7.02(a). 
 “Termination Event” has the meaning set forth in Section 14 of the Agreement. 
 “Termination Price” means the value of an Alternative Termination Delivery Unit to the Seller (determined as provided in Annex A
hereto). 
 “Termination Settlement Date” has the meaning set forth in Section 7.03(a). 
  

 4 

 “Trade Date” has the meaning set forth in Section 2.01. 
 “Trading Day” means (x) any day (i) other than a Saturday, a Sunday or a day on which the Exchange is not open for business,
(ii) during which trading of any securities of the Purchaser on any national securities exchange has not been suspended, (iii) during which there has not been, in the Seller’s judgment, a material limitation in the trading of Common
Stock or any options contract or futures contract related to the Common Stock, and (iv) during which there has been no suspension pursuant to Section 4.02 of this Confirmation, or (y) any day that, notwithstanding the occurrence of
events contemplated in clauses (ii), (iii) and (iv) of this definition, the Seller determines to be a Trading Day. 
 “Transaction” has the meaning set forth in the first paragraph of this Confirmation. 
 “Valuation
Completion Date” has the meaning set forth in the Pricing Supplement. 
 “Valuation Number” means (i) the
Purchase Price divided by (ii) the arithmetic average of 10b-18 VWAP for each of the Trading Days in the Valuation Period minus the Discount, as determined by the Calculation Agent in its sole judgment. 
 “Valuation Period” means the period of consecutive Trading Days commencing on and including the first Trading Day following
March 24, 2008 and ending on and including the Valuation Completion Date. 
 ARTICLE 2 
 PURCHASE OF THE STOCK 
 Section 2.01. Purchase of the Stock. Subject to the terms and conditions of this Confirmation, the Purchaser agrees to purchase from the
Seller, and the Seller agrees to sell to the Purchaser, on March 19, 2008 or on such other Business Day as the Purchaser and the Seller shall otherwise agree (the “Trade Date”), a number of shares (the “Number of
Shares”) of the Purchaser’s common stock, par value $0.01 per share (“Common Stock”), for a purchase price equal to $250,000,000.00 (the “Purchase Price”). The Number of Shares purchased by the
Purchaser hereunder shall be determined in accordance with the terms of this Confirmation. 
 Section 2.02. Delivery and Payments.
On the first Business Day immediately following the Trade Date (such day, the “Initial Settlement Date”), the Seller shall deliver the Initial Number of Shares to the Purchaser, upon payment by the Purchaser of (i) an
amount equal to the Purchase Price to the Seller and (ii) the Contract Fee to J.P. Morgan Securities Inc.; provided that if the Seller is unable to borrow or otherwise acquire a number of shares of Common Stock equal to the Initial
Number of Shares for delivery to the Purchaser on the Initial Settlement Date, the Initial Number of Shares shall be reduced to such number of shares of Common Stock as the Seller is able to borrow or otherwise acquire and any amounts payable by the
Purchaser pursuant to this Article 2 shall be reduced correspondingly. Such delivery and payment shall be effected in accordance with the Seller’s customary procedures, which shall be commercially reasonable. 
 Section 2.03. Conditions to Seller’s Obligations. The Seller’s obligation to deliver the Initial Number of Shares to the Purchaser
on the Initial Settlement Date is subject to the condition that the representations and warranties made by the Purchaser in the Agreement shall be true and correct as of the date hereof and the Initial Settlement Date. 
 ARTICLE 3 
 SUBSEQUENT
PAYMENTS OR SHARE DELIVERIES 
 Section 3.01. Subsequent Payments or
Share Deliveries. (a) (i) If the Settlement Number is greater than zero, the Seller shall deliver to the Purchaser a number of shares of Common Stock equal to the Settlement Number on the Settlement Date in accordance with the
Seller’s customary procedures; and 
  

 5 

 (ii) if the Settlement Number is less than zero, the Purchaser shall make a payment of
cash or delivery of shares of Common Stock to the Seller in respect of the absolute value of the Settlement Number, as provided in this Section 3.01. 
 (b) Subject to Section 3.01(c), payment of the absolute value of the Settlement Number by the Purchaser to the Seller shall be in cash or validly issued shares of Common Stock (“Settlement
Shares”), and if in shares of Common Stock, then in shares to be sold in a private placement (“Private Placement Shares”) or registered shares (“Registered Shares”), as the Purchaser shall elect, which
binding election shall be made by written notice to the Seller no later than the close of business on the second Business Day following the Valuation Completion Date; provided that by making an election to deliver Settlement Shares pursuant
to this Section 3.01(b), the Purchaser shall be deemed to make the representations and warranties in Section 5.01 as if made on the date of the Purchaser’s election; and provided further that if the Purchaser fails to make such
election by such date, the Purchaser shall be deemed to have elected settlement in cash. 
 (c) (i) Any election by the Purchaser to deliver
the absolute value of the Settlement Number in Settlement Shares pursuant to clause (b) of this Section 3.01 shall not be valid, and settlement in cash shall apply, if the representations and warranties made by the Purchaser to the Seller
in Section 5.01 are not true and correct in all material respects as of the date the Purchaser makes such election. 
 (ii) Notwithstanding any election by the Purchaser to make payment of the absolute value of the Settlement Number in Settlement Shares, at any time prior to the time the Seller (or any affiliate of the Seller) has contracted to resell all
or any portion of such Settlement Shares, the Purchaser may elect to deliver in lieu of such Settlement Shares an amount in cash equal to the absolute value of the Settlement Number with respect to any Settlement Shares not yet contracted to be
sold, in which case the provisions of Section 3.01(d) shall apply with respect to such amount; provided that any such election by the Purchaser pursuant to this clause (ii) shall not be valid and settlement in Settlement Shares
shall continue to apply if the Purchaser is in possession of any material nonpublic information regarding the Purchaser or the Common Stock as of the date the Purchaser makes such election. 
 (iii) If the Purchaser elects to make payment of the absolute value of the Settlement Number (A) in Private Placement Shares and
fails to comply with the requirements set forth in Section 3.01(e) or Annex A hereto or takes any action that would make unavailable either (1) the exemption set forth in Section 4(2) of the Securities Act for the sale of any Private
Placement Shares by the Purchaser to the Seller or (2) an exemption from the registration requirements of the Securities Act reasonably acceptable to the Seller for resales of Private Placement Shares by the Seller, or (B) in Registered
Shares and fails to comply with the requirements set forth in Section 3.01(f) or Annex B hereto; then in the case of either (A) or (B), the Purchaser shall deliver in lieu of any Private Placement Shares or Registered Shares an amount in
cash equal to the absolute value of the Settlement Number with respect to any Settlement Shares not yet sold, in which case the provisions of Section 3.01(d) shall apply with respect to such amount. 
 (d) (i) If the Purchaser elects to pay the absolute value of the Settlement Number in cash, if settlement in cash is otherwise applicable in accordance
with this Section 3.01, or if the Purchaser elects to make payment of the absolute value of the Settlement Number in Private Placement Shares pursuant to Section 3.01(e), then the Calculation Agent shall determine an amount in cash (the
“Cash Settlement Amount”) equal to the Settlement Purchase Amount. 
 (ii) If cash settlement is applicable,
payment of the Cash Settlement Amount shall be made by wire transfer of immediately available U.S. dollar funds on the first Business Day immediately following the date of notification by the Seller to the Purchaser of the Cash Settlement Amount or
such later Business Day as determined by the Seller in its sole discretion. 
 (e) If the Purchaser elects to make payment of the absolute
value of the Settlement Number in Private Placement Shares, then on the Settlement Date, the Purchaser shall deliver to the Seller a number of Settlement Shares equal to (A) the Cash Settlement Amount divided by (B) the Private
Placement Price (determined by the Calculation Agent in accordance with the Private Placement Procedures contained in Annex A hereto). 
  

 6 

 (f) If the Purchaser elects to make payment of the absolute value of the Settlement Number in Registered
Shares, then the Purchaser shall deliver to the Seller a number of Settlement Shares equal to (A) the absolute value of the Settlement Number plus (B) an additional number of Settlement Shares to take into account the Registered
Shares Fee on the absolute value of the Settlement Number. Such Settlement Shares shall be delivered in such numbers and on such dates on or following the Valuation Completion Date as are specified by the Seller in accordance with the Registration
Procedures contained in Annex B hereto. 
 Section 3.02. Private Placement Procedures and Registration Procedures. If the
Purchaser elects to deliver Private Placement Shares pursuant to Section 3.01(b) or elects to deliver Alternative Termination Delivery Units pursuant to Section 7.02(a), the Private Placement Procedures contained in Annex A hereto shall
apply, and if the Purchaser elects to deliver Registered Shares pursuant to Section 3.01(b), the Registration Procedures contained in Annex B hereto shall apply. 
 Section 3.03. Continuing Obligation to Deliver Shares. (a) If at any time, as a result of provisions limiting deliveries of shares of Common Stock to the number of Maximum Delivery Shares, the
Purchaser fails to deliver to the Seller any shares of Common Stock, the Purchaser shall, to the extent that the Purchaser has at such time authorized but unissued shares of Common Stock not reserved for other purposes, promptly notify the Seller
thereof and deliver to the Seller a number of shares of Common Stock not previously delivered as a result of such provisions. 
 (b) The
Purchaser agrees to use its best efforts to cause the number of authorized but unissued shares of Common Stock to be increased, if necessary, to an amount sufficient to permit the Purchaser to fulfill its obligations under this Section 3.03.

 ARTICLE 4 
 MARKET TRANSACTIONS 
 Section 4.01. Transactions by the Seller. (a) The parties
agree and acknowledge that: 
 (i) During any Cash Settlement Purchase Period and any Seller Termination Share Purchase
Period, the Seller (or its agent or affiliate) may purchase shares of Common Stock in connection with this Confirmation. The timing of such purchases by the Seller, the price paid per share of Common Stock pursuant to such purchases and the manner
in which such purchases are made, including without limitation whether such purchases are made on any securities exchange or privately, shall be within the sole judgment of the Seller; provided that the Seller shall use good faith efforts to
(i) make all purchases of Common Stock in a manner that would comply with the limitations set forth in clauses (b)(2), (b)(3), (b)(4) and (c) of Rule 10b-18 (but without regard to clause (a)(13)(iv) of Rule 10b-18) as if such rule were
applicable to such purchases. 
 (ii) During the Valuation Period, the Seller (or its agent or affiliate) may effect
transactions in shares of Common Stock in connection with this Confirmation. The timing of such transactions by the Seller, the price paid or received per share of Common Stock pursuant to such transactions and the manner in which such transactions
are made, including without limitation whether such transactions are made on any securities exchange or privately, shall be within the sole judgment of the Seller. 
 (iii) The Purchaser shall, at least one day prior to the first day of the Valuation Period, any Cash Settlement Purchase Period and any
Seller Termination Share Purchase Period, notify the Seller of the total number of shares of Common Stock purchased in Rule 10b-18 purchases of blocks pursuant to the once-a-week block exception set forth in Rule 10b-18(b)(4) by or for the Purchaser
or any of its Affiliated Purchasers during each of the four calendar weeks preceding such day and during the calendar week in which such day occurs (“Rule 10b-18 purchase” and “blocks” each being used as defined in
Rule 10b-18), which notice shall be substantially in the form set forth as Exhibit A hereto. 
  

 7 

 (b) The Purchaser acknowledges and agrees that (i) all transactions effected pursuant to
Section 4.01 hereunder shall be made in the Seller’s sole judgment and for the Seller’s own account and (ii) the Purchaser does not have, and shall not attempt to exercise, any influence over how, when or whether to effect such
transactions, including, without limitation, the price paid or received per share of Common Stock pursuant to such transactions whether such transactions are made on any securities exchange or privately. It is the intent of the Seller and the
Purchaser that this Transaction comply with the requirements of Rule 10b5-1(c) of the Exchange Act and that this Confirmation shall be interpreted to comply with the requirements of Rule 10b5-1(c)(1)(i)(B) and the Seller shall take no action that
results in the Transaction not so complying with such requirements. 
 (c) Notwithstanding anything to the contrary in this Confirmation, the
Purchaser acknowledges and agrees that, on any day, the Seller shall not be obligated to deliver or receive any shares of Common Stock to or from the Purchaser and the Purchaser shall not be entitled to receive any shares of Common Stock from the
Seller on such day, to the extent (but only to the extent) that after such transactions the Seller’s ultimate parent entity would directly or indirectly beneficially own (as such term is defined for purposes of Section 13(d) of the
Exchange Act) at any time on such day in excess of 8.0% of the outstanding shares of Common Stock. Any purported receipt or delivery of shares of Common Stock shall be void and have no effect to the extent (but only to the extent) that after any
receipt or delivery of such shares of Common Stock the Seller’s ultimate parent entity would directly or indirectly so beneficially own in excess of 8.0% of the outstanding shares of Common Stock. If, on any day, any delivery or receipt of
shares of Common Stock by the Seller is not effected, in whole or in part, as a result of this provision, the Seller’s and Purchaser’s respective obligations to make or accept such receipt or delivery shall not be extinguished and such
receipt or delivery shall be effected over time as promptly as the Seller determines, in the reasonable determination of the Seller, that after such receipt or delivery its ultimate parent entity would not directly or indirectly beneficially own in
excess of 8.0% of the outstanding shares of Common Stock. 
 Section 4.02. Adjustment of Transaction for Securities Laws.
(a) Notwithstanding anything to the contrary in Section 4.01(a), if, based on the advice of counsel, Seller reasonably determines that on any Trading Day, Seller’s trading activity in order to manage its economic hedge in respect
of the Transaction would not be advisable in respect of applicable securities laws, then Seller may extend the Expiration Date, modify the Valuation Period or otherwise adjust the terms of the Transaction in its good faith and using its commercially
reasonable discretion to ensure Seller’s compliance with such laws and to preserve the fair value of the Transaction to the Seller. The Seller shall notify the Purchaser of the exercise of the Seller’s rights pursuant to this
Section 4.02(a) upon such exercise. 
 (b) The Purchaser agrees that, during the Contract Period, neither the Purchaser nor any of its
affiliates or agents shall make any distribution (as defined in Regulation M) of Common Stock, or any security for which the Common Stock is a reference security (as defined in Regulation M) or take any other action that would, in the view of the
Seller, preclude purchases by the Seller of the Common Stock or cause the Seller to violate any law, rule or regulation with respect to such purchases. 
 Section 4.03. Purchases of Common Stock by the Purchaser. Without the prior written consent of the Seller, the Purchaser shall not, and shall cause its affiliates and affiliated purchasers (each as defined
in Rule 10b-18) not to, directly or indirectly (including, without limitation, by means of a derivative instrument) purchase, offer to purchase, place any bid or limit order that would effect a purchase of, or commence any tender offer relating to,
any shares of Common Stock (or equivalent interest, including a unit of beneficial interest in a trust or limited partnership or a depository share) or any security convertible into or exchangeable for shares of Common Stock during the Contract
Period. 
 ARTICLE 5 
 REPRESENTATIONS, WARRANTIES AND AGREEMENTS 
 Section 5.01.
Repeated Representations, Warranties and Agreements of the Purchaser. The Purchaser represents and warrants to, and agrees with, the Seller, on the date hereof and on any date pursuant to which the Purchaser makes an election to deliver
Settlement Shares pursuant to Section 3.01, to pay cash in lieu of Settlement Shares pursuant to Section 3.01(c)(ii) or to receive or deliver Alternative Termination Delivery Units pursuant to Section 7.03, that: 
 (a) Disclosure; Compliance with Laws. The reports and other documents filed by the Purchaser with the SEC pursuant to the Exchange Act when
considered as a whole (with the more recent such reports and documents deemed to amend inconsistent statements contained in any earlier such reports and documents), do not contain any untrue statement of a material fact or any omission of a material
fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading. The Purchaser is not in possession of any material nonpublic information regarding the
Purchaser or the Common Stock. 
  

 8 

 (b) Rule 10b5-1. The Purchaser acknowledges that (i) the Purchaser does not have, and shall
not attempt to exercise, any influence over how, when or whether to effect purchases of Common Stock by the Seller (or its agent or affiliate) in connection with this Confirmation and (ii) the Purchaser is entering into the Agreement and this
Confirmation in good faith and not as part of a plan or scheme to evade compliance with federal securities laws including, without limitation, Rule 10b-5 promulgated under the Exchange Act. The Purchaser also acknowledges and agrees that any
amendment, modification, waiver or termination of this Confirmation must be effected in accordance with the requirements for the amendment or termination of a “plan” as defined in Rule 10b5-1(c) under the Exchange Act. Without limiting the
generality of the foregoing, any such amendment, modification, waiver or termination shall be made in good faith and not as part of a plan or scheme to evade the prohibitions of Rule 10b-5 under the Exchange Act, and no amendment, modification or
waiver shall be made at any time at which the Purchaser or any officer or director of the Purchaser is aware of any material nonpublic information regarding the Purchaser or the Common Stock. 
 (c) Nature of Shares Delivered. Any shares of Common Stock or Alternative Termination Delivery Units delivered to the Seller pursuant to this
Confirmation, when delivered, shall have been duly authorized and shall be duly and validly issued, fully paid and nonassessable and free of preemptive or similar rights, and such delivery shall pass title thereto free and clear of any liens or
encumbrances. 
 (d) No Manipulation. The Purchaser is not entering into this Confirmation to create actual or apparent trading
activity in the Common Stock (or any security convertible into or exchangeable for Common Stock) or to manipulate the price of the Common Stock (or any security convertible into or exchangeable for Common Stock). 
 (e) Regulation M. The Purchaser is not engaged in a distribution, as such term is used in Regulation M, that would preclude purchases by the
Purchaser or the Seller of the Common Stock or cause the Seller to violate any law, rule or regulation with respect to such purchases. 
 (f)
Board Authorization. The Purchaser is entering into this Transaction in connection with its share repurchase program, which was approved by its board of directors and publicly disclosed, solely for the purposes stated in such board resolution
and public disclosure. There is no internal policy of the Purchaser, whether written or oral, that would prohibit the Purchaser from entering into any aspect of this Transaction, including, but not limited to, the purchases of shares of Common Stock
to be made pursuant hereto. 
 (g) Due Authorization and Good Standing. The Purchaser is a corporation duly organized, validly
existing and in good standing under the laws of the State of Minnesota. This Confirmation has been duly authorized, executed and delivered by the Purchaser and (assuming due authorization, execution and delivery thereof by the Seller) constitutes a
valid and legally binding obligation of the Purchaser. The Purchaser has all corporate power to enter into this Confirmation and to consummate the transactions contemplated hereby and to purchase the Common Stock and deliver any Settlement Shares in
accordance with the terms hereof. 
 (h) Certain Transactions. There has not been any public announcement (as defined in Rule 165(f)
under the Securities Act) of any merger, acquisition, or similar transaction involving a recapitalization relating to the Purchaser that would fall within the scope of Rule 10b-18(a)(13)(iv). 
 Section 5.02. Initial Representations, Warranties and Agreements of the Purchaser. The Purchaser represents and warrants to, and agrees with
the Seller, as of the date hereof, that: 
 (a) Solvency. The assets of the Purchaser at their fair valuation exceed the liabilities of
the Purchaser, including contingent liabilities; the capital of the Purchaser is adequate to conduct the business of the Purchaser and the Purchaser has the ability to pay its debts and obligations as such debts mature and does not intend to, or
does not believe that it will, incur debt beyond its ability to pay as such debts mature. 
  

 9 

 (b) Required Filings. The Purchaser has made, and will use its best efforts to make, all filings
required to be made by it with the SEC, any securities exchange or any other regulatory body with respect to the Transaction contemplated hereby. 
 (c) No Conflict. The execution and delivery by the Purchaser of, and the performance by the Purchaser of its obligations under, this Confirmation and the consummation of the transactions herein contemplated do not conflict with or
violate (i) any provision of the articles of incorporation, by-laws or other constitutive documents of the Purchaser, (ii) any statute or order, rule, regulation or judgment of any court or governmental agency or body having jurisdiction
over the Purchaser or any of its subsidiaries or any of their respective assets or (iii) any contractual restriction binding on or affecting the Purchaser or any of its subsidiaries or any of its assets. 
 (d) Consents. All governmental and other consents that are required to have been obtained by the Purchaser with respect to performance, execution
and delivery of this Confirmation have been obtained and are in full force and effect and all conditions of any such consents have been complied with. 
 (e) Investment Company Act. The Purchaser is not and, after giving effect to the transactions contemplated in this Confirmation, will not be required to register as an “investment company” as such
term is defined in the Investment Company Act of 1940, as amended. 
 (f) Commodity Exchange Act. The Purchaser is an “eligible
contract participant”, as such term is defined in Section 1a(12) of the Commodity Exchange Act, as amended. 
 Section 5.03. Additional Representations, Warranties and Agreements. The Purchaser and the Seller represent and warrant to, and agree with, each other that: 
 (a) Agency. Each party agrees and acknowledges that (i) J.P. Morgan Securities Inc., an affiliate of the Seller (“JPMSI”),
has acted solely as agent and not as principal with respect to this Transaction and (ii) JPMSI has no obligation or liability, by way of guaranty, endorsement or otherwise, in any manner in respect of this Transaction (including, if applicable,
in respect of the settlement thereof). Each party agrees it will look solely to the other party (or any guarantor in respect thereof) for performance of such other party’s obligations under this Transaction. JPMSI is authorized to act as agent
for the Seller. 
 (b) Non-Reliance. Each party has entered into this Transaction solely in reliance on its own judgment. Neither
party has any fiduciary obligation to the other party relating to this Transaction. In addition, neither party has held itself out as advising, or has held out any of its employees or agents as having the authority to advise, the other party as to
whether or not the other party should enter into this Transaction, any subsequent actions relating to this Transaction or any other matters relating to this Transaction. Neither party shall have any responsibility or liability whatsoever in respect
of any advice of this nature given, or views expressed, by it or any such persons to the other party relating to this Transaction, whether or not such advice is given or such views are expressed at the request of the other party. The Purchaser has
conducted its own analysis of the legal, accounting, tax and other implications of this Transaction and consulted such advisors, accountants and counsel as it has deemed necessary. 
 Section 5.04. Representations and Warranties of the Seller. The Seller represents and warrants to the Purchaser that: 
 (a) Due Authorization. This Confirmation has been duly authorized, executed and delivered by the Seller and (assuming due authorization, execution
and delivery thereof by the Purchaser) constitutes a valid and legally binding obligation of the Seller. The Seller has all corporate power to enter into this Confirmation and to consummate the transactions contemplated hereby and to deliver the
Common Stock in accordance with the terms hereof. 
  

 10 

 (b) Right to Transfer. The Seller will, at the Initial Settlement Date and on any other day on
which it is required to deliver shares of Common Stock to the Purchaser hereunder, have the free and unqualified right to transfer the Number of Shares of Common Stock to be delivered by the Seller pursuant to Sections 2.01 and 3.01 hereof, free and
clear of any security interest, mortgage, pledge, lien, charge, claim, equity or encumbrance of any kind. 
 (c) Commodity Exchange Act.
The Seller is an “eligible contract participant”, as such term is defined in Section 1a(12) of the Commodity Exchange Act, as amended. 
 ARTICLE 6 
 ADDITIONAL COVENANTS 
 Section 6.01. Purchaser’s Further Assurances. The Purchaser hereby agrees with the Seller that the Purchaser shall cooperate with the
Seller, and execute and deliver, or use its best efforts to cause to be executed and delivered, all such other instruments, and to obtain all consents, approvals or authorizations of any person, and take all such other actions as the Seller may
reasonably request from time to time, consistent with the terms of this Confirmation, in order to effectuate the purposes of this Confirmation and the Transaction contemplated hereby. 
 Section 6.02. Purchaser’s Hedging Transactions. The Purchaser hereby agrees with the Seller that the Purchaser shall not, during the
Contract Period, enter into or alter any corresponding or hedging transaction or position with respect to the Common Stock (including, without limitation, with respect to any securities convertible or exchangeable into the Common Stock) and agrees
not to alter or deviate from the terms of this Confirmation. 
 Section 6.03. No Communications. The Purchaser hereby agrees with
the Seller that the Purchaser shall not, directly or indirectly, communicate any information relating to the Common Stock or this Transaction (including any notices required by Section 6.05) to any employee of the Seller or J.P. Morgan
Securities Inc., other than as set forth in the Communications Procedures attached as Annex C hereto. 
 Section 6.04. Maximum
Deliverable Number of Shares of Common Stock. Notwithstanding any other provision of this Confirmation, the Purchaser shall not be required to deliver Settlement Shares, or shares of Common Stock or other securities comprising the aggregate
Alternative Termination Delivery Units, in excess of the number of Maximum Delivery Shares, in each case except to the extent that the Purchaser has available at such time authorized but unissued shares of such Common Stock or other securities not
expressly reserved for any other uses (including, without limitation, shares of Common Stock reserved for issuance upon the exercise of options or convertible debt). The Purchaser shall not permit the sum of (i) the number of Maximum Delivery
Shares plus (ii) the aggregate number of shares expressly reserved for any such other uses, in each case whether expressed as caps or as numbers of shares reserved or otherwise, to exceed at any time the number of authorized but unissued shares
of Common Stock. 
 Section 6.05. Notice of Certain Transactions. If at any time during the Contract Period, the Purchaser makes,
or expects to be made, or has made, any public announcement (as defined in Rule 165(f) under the Securities Act) of any merger, acquisition, or similar transaction involving a recapitalization relating to the Purchaser (other than any such
transaction in which the consideration consists solely of cash and there is no valuation period, or as to which the completion of such transaction or the completion of the vote by target shareholders has occurred), then the Purchaser shall
(i) notify the Seller prior to the opening of trading in the Common Stock on any day on which the Purchaser makes, or expects to be made, or has made any such public announcement, (ii) notify the Seller promptly following any such
announcement (or, if later, prior to the opening of trading in the Common Stock on the first day of any Seller Termination Share Payment Period) that such announcement has been made and (iii) promptly deliver to the Seller following the making
of any such announcement (or, if later, prior to the opening of trading in the Common Stock on the first day of any Seller Termination Share Payment Period) a certificate indicating (A) the Purchaser’s average daily Rule 10b-18 purchases
(as defined in Rule 10b-18) during the three full calendar months preceding the date of such announcement and (B) the Purchaser’s block purchases (as defined in Rule 10b-18) effected pursuant to paragraph (b)(4) of Rule 10b-18 during the
three full calendar months preceding the date of such announcement. In addition, the Purchaser shall promptly notify the Seller of the earlier to occur of the 

  

 11 

 
completion of such transaction and the completion of the vote by target shareholders. Accordingly, the Purchaser acknowledges that its actions in relation to
any such announcement or transaction must comply with the standards set forth in Section 6.03. 
 Section 6.06. No Dividends.
The Purchaser shall not declare any dividend with an ex-dividend date scheduled to occur during the Contract Period. 
 ARTICLE 7

 TERMINATION 
 Section 7.01. Additional Termination Events. (a) An Additional Termination Event shall occur in respect of which the Purchaser is the sole Affected Party and this Transaction is the sole Affected Transaction if, on any day,
the Seller determines, in its commercially reasonable judgment, that it is unable to establish, re-establish or maintain any hedging transactions reasonably necessary in the normal course of such party’s business of hedging the price and market
risk of entering into and performing under this Transaction, due to market illiquidity, illegality or lack of availability of hedging transaction market participants. 
 (b) An Additional Termination Event shall occur in respect of which the Purchaser is the sole Affected Party and this Transaction is the sole Affected Transaction if (i) a Share De-listing Event occurs;
(ii) a Merger Event occurs; (iii) a Nationalization occurs, (iv) a Distribution Termination Event occurs or (v) an event described in paragraph III of Annex C occurs. 
 (c) A “Share De-listing Event” means that at any time during the Contract Period, the Common Stock ceases to be listed, traded or
publicly quoted on the Exchange for any reason (other than a Merger Event, a “De-Listing”) and is not immediately re-listed, traded or quoted as of the date of such de-listing, on another U.S. national securities exchange or a U.S.
automated interdealer quotation system (a “Successor Exchange”); provided that it shall not constitute an Additional Termination Event if the Common Stock is immediately re-listed on a Successor Exchange upon its De-Listing
from the Exchange, and the Successor Exchange shall be deemed to be the Exchange for all purposes. In addition, in such event, the Seller shall make any commercially reasonable adjustments it deems necessary to the terms of the Transaction.

 (d) A “Merger Event” means the public announcement, including any public announcement as defined in Rule 165(f) of the
Securities Act (by the Purchaser or otherwise) at any time during the Contract Period of any (i) planned recapitalization, reclassification or change of the Common Stock that will, if consummated, result in a transfer of more than 20% of the
outstanding shares of Common Stock, (ii) planned consolidation, amalgamation, merger or similar transaction of the Purchaser with or into another entity (other than a consolidation, amalgamation or merger in which the Purchaser will be the
continuing entity and which does not result in any such recapitalization, reclassification or change of more than 20% of such shares outstanding), (iii) other takeover offer for the shares of Common Stock that is aimed at resulting in a
transfer of more than 20% of such shares of Common Stock (other than such shares owned or controlled by the offeror) or (iv) irrevocable commitment to any of the foregoing. 
 (e) A “Nationalization” means that all or substantially all of the outstanding shares of Common Stock or assets of the Purchaser are
nationalized, expropriated or are otherwise required to be transferred to any governmental agency, authority or entity. 
 (f) A
“Distribution Termination Event” means a declaration by the Purchaser of any cash dividend or distribution on shares of Common Stock (a “Cash Distribution”), that has a record date during the Contract Period, the
amount of which, together with all prior declared Cash Distributions that have a record date during the same Reference Period of the Purchaser, exceeds the Cash Distribution Amount specified in the Pricing Supplement for such Reference Period.

 Section 7.02. Consequences of Additional Termination Events. (a) In the event of the occurrence or effective designation
of an Early Termination Date under the Agreement, cash settlement, as set forth in Section 7.02(b), shall apply unless (i) the Purchaser elects (which election shall be binding), in lieu of payment of the 

  

 12 

 
amount payable in respect of this Transaction pursuant to Section 6(d)(ii) and 6(e) of the Agreement (the “Termination Amount”), to
deliver or to receive Alternative Termination Delivery Units pursuant to Section 7.03, and (ii) notifies the Seller of such election by delivery of written notice to the Seller on the Business Day immediately following the Purchaser’s
receipt of a notice (as required by Section 6(d) of the Agreement following the designation of an Early Termination Date in respect of this Transaction) setting forth the amounts payable by the Purchaser or by the Seller with respect to such
Early Termination Date (the date of such delivery, the “Default Notice Day”); provided that the Purchaser shall not have the right to elect the delivery or receipt of the Alternative Termination Delivery Units pursuant to
Section 7.03 if: 
 (i) the representations and warranties made by the Purchaser to the Seller in Section 5.01 are
not true and correct as of the date the Purchaser makes such election, as if made on such date, or 
 (ii) in the event that
the Termination Amount is payable by the Purchaser to the Seller, (A) the Purchaser has taken any action that would make unavailable (x) the exemption set forth in Section 4(2) of the Securities Act, for the sale of any Alternative
Termination Delivery Units by the Purchaser to the Seller or (y) an exemption from the registration requirements of the Securities Act reasonably acceptable to the Seller for resales of Alternative Termination Delivery Units by the Seller, and
(B) such Early Termination Date is in respect of an Event of Default which is within Purchaser’s control (including, without limitation, failure to execute a Private Placement Agreement or otherwise comply with the requirements applicable
to Purchaser set forth in Annex A hereto). 
 For the avoidance of doubt, upon the Purchaser’s making an election to deliver Alternative
Termination Delivery Units pursuant to this Section 7.02(a), the Purchaser shall be deemed to make the representations and warranties in Section 5.01 hereof as if made on the date of the Purchaser’s election. Notwithstanding the
foregoing, at any time prior to the time the Seller (or any affiliate of the Seller) has contracted to resell the property to be delivered upon alternative termination settlement, the Purchaser may deliver in lieu of such property an amount in cash
equal to the Termination Amount in the manner set forth in Section 6(d) of the Agreement. 
 (b) If cash settlement applies in respect
of an Early Termination Date, Section 6 of the Agreement shall apply. 
 Section 7.03. Alternative Termination Settlement.
(a) Subject to Section 7.02(a), if the Termination Amount shall be payable by the Purchaser to the Seller and the Purchaser elects to deliver the Alternative Termination Delivery Units to the Seller, the Purchaser shall, as soon as
directed by the Seller after the Default Notice Day (such date, the “Termination Settlement Date”), deliver to the Seller a number of Alternative Termination Delivery Units equal to the quotient of (A) the Termination Amount
divided by (B) the Termination Price. 
 (b) Subject to Section 7.02(a), if the Termination Amount shall be payable by the
Seller to the Purchaser and the Purchaser elects to receive the Alternative Termination Delivery Units from the Seller, (i) the Seller shall, beginning on the first Trading Day following the Default Notice Day and ending when the Seller shall
have satisfied its obligations under this clause (the “Seller Termination Share Purchase Period”), purchase (subject to the provisions of Section 4.01 and Section 4.02 hereof) a number of Alternative Termination Delivery
Units equal to the quotient of (A) the Termination Amount divided by (B) the Termination Price; and (ii) the Seller shall deliver such Alternative Termination Delivery Units to the Purchaser on the settlement dates relating to
such purchases. 
 Section 7.04. Notice of Default. If an Event of Default occurs in respect of the Purchaser, the Purchaser
will, promptly upon becoming aware of it, notify the Seller specifying the nature of such Event of Default. 
  

 13 

 ARTICLE 8 
 ADJUSTMENTS 
 Section 8.01. Reserved.  
 Section 8.02. Other Dilution Adjustments. If (x) any corporate event occurs involving the Purchaser or the Common Stock (other than any
cash dividend but including, without limitation, a spin-off, a stock split, stock or other dividend or distribution, reorganization, rights offering or recapitalization or any other event having a dilutive or concentrative effect on the theoretical
value of the Common Stock), or (y) as a result of the definition of Trading Day (whether because of a suspension of transactions pursuant to Section 4.02 or otherwise), any day that would otherwise be a Trading Day during the Contract
Period is not a Trading Day or on such Trading Day, pursuant to Section 4.02, the Seller effects transactions with respect to shares of Common Stock at a volume lower than originally anticipated with respect to this Transaction, or (z) as
a result of market conditions, the Seller incurs additional costs in connection with maintaining its hedge position with respect to this Transaction resulting from the insufficient availability of stock lenders willing and able to lend shares of
Common Stock with a borrow cost not significantly greater than the cost as of the date hereof and otherwise on terms consistent with those as of the date hereof, then in any such case, the Calculation Agent shall make corresponding adjustments with
respect to any variable relevant to the terms of the Transaction, as the Calculation Agent determines appropriate to preserve the fair value of the Transaction to the Seller, and shall determine the effective date of such adjustment. 
 ARTICLE 9 
 MISCELLANEOUS

 Section 9.01. Successors and Assigns. All covenants and agreements in this Confirmation made by or on behalf of either of the
parties hereto shall bind and inure to the benefit of the respective successors and assigns of the parties hereto whether so expressed or not. 
 Section 9.02. Purchaser Indemnification. The Purchaser (the “Indemnifying Party”) agrees to indemnify and hold harmless the Seller and its officers, directors, employees, affiliates, advisors, agents and
controlling persons (each, an “Indemnified Person”) from and against any and all losses, claims, damages and liabilities, joint or several (collectively, “Obligations”), to which an Indemnified Person may become
subject arising out of or in connection with this Confirmation or any claim, litigation, investigation or proceeding relating thereto, regardless of whether any of such Indemnified Person is a party thereto, and to reimburse, within 30 days, upon
written request, each such Indemnified Person for any reasonable legal or other expenses incurred in connection with investigating, preparation for, providing evidence for or defending any of the foregoing, provided, however, that the Indemnifying
Party shall not have any liability to any Indemnified Person to the extent that such Obligations (i) are finally determined by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such
Indemnified Person (and in such case, such Indemnified Person shall promptly return to the Indemnifying Party any amounts previously expended by the Indemnifying Party hereunder) or (ii) are trading losses incurred by the Seller as part of its
purchases or sales of shares of Common Stock pursuant to this Confirmation (unless the Purchaser has breached any agreement, term or covenant herein). 
 Section 9.03. Assignment and Transfer. Notwithstanding the Agreement, the Seller may assign any of its rights or duties hereunder to any one or more of its affiliates without the prior written consent of
the Purchaser. Notwithstanding any other provision in this Confirmation to the contrary requiring or allowing Seller to purchase, sell, receive or deliver any shares of Common Stock or other securities to or from the Purchaser, Seller may designate
any of its affiliates to purchase, sell, receive or deliver such shares of Common Stock or other securities and otherwise to perform the Seller’s obligations in respect of this Transaction and any such designee may assume such obligations. The
Seller may assign the right to receive Settlement Shares to any third party who may legally receive Settlement Shares. The Seller shall be discharged of its obligations to the Purchaser only to the extent of any such performance. For the avoidance
of doubt, Seller hereby acknowledges that notwithstanding any such designation hereunder, to the extent any of Seller’s obligations in respect of this Transaction are not completed by its designee, Seller shall be obligated to continue to
perform or to cause any other of its designees to perform in respect of such obligations. 
 Section 9.04. Calculation Agent.
Whenever the Calculation Agent is required to act or to exercise judgment in a any way with respect to this Transaction, it will do so in good faith and in a commercially reasonable manner. 
  

 14 

 Section 9.05. Non-confidentiality. The Seller and the Purchaser hereby acknowledge and agree
that, subject to Section 6.03, each is authorized to disclose every aspect of this Confirmation and the transactions contemplated hereby to any and all persons, without limitation of any kind, and there are no express or implied agreements,
arrangements or understandings to the contrary. 
 Section 9.06. Unenforceability and Invalidity. To the extent permitted by law,
the unenforceability or invalidity of any provision or provisions of this Confirmation shall not render any other provision or provisions herein contained unenforceable or invalid. 
 Section 9.07. Securities Contract. The parties hereto agree and acknowledge as of the date hereof that (i) the Seller is a
“financial institution” within the meaning of Section 101(22) of Title 11 of the United States Code (the “Bankruptcy Code”) and (ii) this Confirmation is a “securities contract,” as such term is defined
in Section 741(7) of the Bankruptcy Code, entitled to the protection of Sections 362(b)(6) and 555 of the Bankruptcy Code. 
 Section 9.08. No Collateral, Netting or Setoff. Notwithstanding any provision of the Agreement, or any other agreement between the parties, to the contrary, the obligations of the Purchaser hereunder are not secured by any
collateral. Obligations under this Transaction shall not be netted, recouped or set off (including pursuant to Section 6 of the Agreement) against any other obligations of the parties, whether arising under the Agreement, this Confirmation,
under any other agreement between the parties hereto, by operation of law or otherwise, and no other obligations of the parties shall be netted, recouped or set off (including pursuant to Section 6 of the Agreement) against obligations under
this Transaction, whether arising under the Agreement, this Confirmation, under any other agreement between the parties hereto, by operation of law or otherwise, and each party hereby waives any such right of setoff, netting or recoupment.

 Section 9.09. Notices. Unless otherwise specified herein, any notice, the delivery of which is expressly provided for in this
Confirmation, may be made by telephone, to be confirmed in writing to the address below. Changes to the information below must be made in writing. 
  

	 	(a)	If to the Purchaser: 

 Patterson Companies, Inc.

 1031 Mendota Heights Road 
 St.
Paul, Minnesota 55120 
 Attention: R. Stephen Armstrong 
 Title: Executive Vice President and CFO 
 Telephone No: 651-686-1769 
 Facsimile No: 651-686-8984 
  

	 	(b)	If to the Seller: 

 JPMorgan Chase Bank, National
Association 
 c/o J.P. Morgan Securities Inc. 
 277 Park Avenue 
 New York, NY 10172 
 Attention: Mariusz Kwasnik 
 Title: Operations
Analyst 
 EDG Corporate Marketing 
 Telephone No: (212) 622-6707 
 Facsimile No: (212) 622-8534 
  

 15 

 Please confirm that the foregoing correctly sets forth the terms of our agreement by executing the copy
of this Confirmation enclosed for that purpose and returning it to us. 
  

			
	 Yours sincerely,

	
	 J.P. MORGAN SECURITIES INC., as agent for JPMorgan

	 Chase Bank, National Association, London Branch

		
	By:	 	 /s/ Philip LaMariana

	Name:	 	Philip LaMariana
	Title:	 	Vice President

  

			
	Confirmed as of the date first above written:
	
	PATTERSON COMPANIES, INC.
		
	By:	 	 /s/ R. Stephen Armstrong

	Name:	 	R. Stephen Armstrong
	Title:	 	Executive Vice President and CFO

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