Document:

EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 
  

 
  

364-DAY REVOLVING CREDIT AGREEMENT 

dated as of August 20, 2021, 

among 
 ZIMMER BIOMET HOLDINGS,
INC., 
 THE LENDERS PARTY HERETO 

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

 
 JPMORGAN CHASE BANK, N.A., 

BOFA SECURITIES, INC., 
 BARCLAYS
BANK PLC, 
 BNP PARIBAS SECURITIES CORP., 

CITIBANK, N.A., 
 DNB MARKETS, INC.,

 GOLDMAN SACHS BANK USA 
 HSBC
SECURITIES (USA) INC., 
 MIZUHO BANK, LTD., 

MORGAN STANLEY MUFG LOAN PARTNERS LLC, 

RBC CAPITAL MARKETS1 and 

SUMITOMO MITSUI BANKING CORPORATION, 

as Joint Lead Arrangers and Joint Bookrunners 

CITIBANK, N.A. and 
 MIZUHO BANK,
LTD., 
 as Syndication Agents 

BANK OF AMERICA, N.A., 
 BARCLAYS
BANK PLC, 
 BNP PARIBAS, 
 DNB
CAPITAL LLC, 
 GOLDMAN SACHS BANK USA 

HSBC BANK USA, N.A., 
 MORGAN
STANLEY MUFG LOAN PARTNERS LLC, 
 ROYAL BANK OF CANADA 

and 
 SUMITOMO MITSUI BANKING
CORPORATION, 
 as Documentation Agents 
  

 

	1 	 RBC Capital Markets is a brand name for the capital markets businesses of Royal Bank of Canada and its
affiliates. 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE I	  

	
	Definitions	  

			
	 SECTION 1.01.
	 	 Defined Terms
	  	 	1	 
	 SECTION 1.02.
	 	 Classification of Loans and Borrowings
	  	 	27	 
	 SECTION 1.03.
	 	 Terms Generally
	  	 	27	 
	 SECTION 1.04.
	 	 Accounting Terms; GAAP
	  	 	27	 
	 SECTION 1.05.
	 	 Interest Rates; LIBOR Notification
	  	 	28	 
	 SECTION 1.06.
	 	 Blocking Regulation
	  	 	29	 
	 SECTION 1.07.
	 	 Divisions
	  	 	29	 
	
	ARTICLE II	  

	
	Amount and Terms of the Commitments	  

			
	 SECTION 2.01.
	 	 Commitments
	  	 	30	 
	 SECTION 2.02.
	 	 Loans and Borrowings
	  	 	30	 
	 SECTION 2.03.
	 	 Requests for Borrowings
	  	 	31	 
	
	ARTICLE III	  

	
	General Provisions Applicable to Loans	  

			
	 SECTION 3.01.
	 	 Funding of Borrowings
	  	 	31	 
	 SECTION 3.02.
	 	 Interest Elections
	  	 	32	 
	 SECTION 3.03.
	 	 Termination and Reduction of Aggregate Commitments
	  	 	33	 
	 SECTION 3.04.
	 	 Repayment of Loans; Evidence of Debt
	  	 	34	 
	 SECTION 3.05.
	 	 Prepayment of Loans
	  	 	34	 
	 SECTION 3.06.
	 	 Fees
	  	 	35	 
	 SECTION 3.07.
	 	 Interest
	  	 	36	 
	 SECTION 3.08.
	 	 Alternate Rate of Interest
	  	 	37	 
	 SECTION 3.09.
	 	 Increased Costs
	  	 	39	 
	 SECTION 3.10.
	 	 Break Funding Payments
	  	 	40	 
	 SECTION 3.11.
	 	 Taxes
	  	 	40	 
	 SECTION 3.12.
	 	 Payments Generally; Pro Rata Treatment; Sharing of Setoffs
	  	 	44	 
	 SECTION 3.13.
	 	 Mitigation Obligations; Replacement of Lenders
	  	 	45	 
	 SECTION 3.14.
	 	 Defaulting Lenders
	  	 	46	 
	 SECTION 3.15.
	 	 Term-Out Option
	  	 	47	 

  
 i 

							
	ARTICLE IV	  

	
	Representations and Warranties	  

			
	 SECTION 4.01.
	 	 Organization; Powers
	  	 	47	 
	 SECTION 4.02.
	 	 Authorization; No Conflicts
	  	 	47	 
	 SECTION 4.03.
	 	 Enforceability
	  	 	48	 
	 SECTION 4.04.
	 	 Governmental Approvals
	  	 	48	 
	 SECTION 4.05.
	 	 Financial Statements; No Material Adverse Effect
	  	 	48	 
	 SECTION 4.06.
	 	 Litigation, Compliance with Laws
	  	 	49	 
	 SECTION 4.07.
	 	 Federal Reserve Regulations
	  	 	49	 
	 SECTION 4.08.
	 	 Taxes
	  	 	49	 
	 SECTION 4.09.
	 	 Employee Benefit Plans
	  	 	49	 
	 SECTION 4.10.
	 	 Environmental and Safety Matters
	  	 	49	 
	 SECTION 4.11.
	 	 Properties
	  	 	50	 
	 SECTION 4.12.
	 	 Investment Company Status
	  	 	50	 
	 SECTION 4.13.
	 	 Anti-Corruption Laws and Sanctions
	  	 	50	 
	
	ARTICLE V	  

	
	Conditions	  

			
	 SECTION 5.01.
	 	 Effective Date
	  	 	51	 
	 SECTION 5.02.
	 	 Conditions to All Extensions of Credit
	  	 	52	 
	
	ARTICLE VI	  

	
	Affirmative Covenants	  

			
	 SECTION 6.01.
	 	 Existence
	  	 	52	 
	 SECTION 6.02.
	 	 Compliance with Law; Business and Properties
	  	 	52	 
	 SECTION 6.03.
	 	 Financial Statements, Reports, Etc
	  	 	53	 
	 SECTION 6.04.
	 	 Insurance
	  	 	54	 
	 SECTION 6.05.
	 	 Obligations and Taxes
	  	 	54	 
	 SECTION 6.06.
	 	 Litigation and Other Notices
	  	 	54	 
	 SECTION 6.07.
	 	 Books and Records; Inspection Rights
	  	 	55	 
	 SECTION 6.08.
	 	 Use of Proceeds
	  	 	55	 
	
	ARTICLE VII	  

	
	Negative Covenants	  

			
	 SECTION 7.01.
	 	 Consolidations, Mergers and Sales of Assets
	  	 	56	 
	 SECTION 7.02.
	 	 Liens
	  	 	56	 
	 SECTION 7.03.
	 	 Limitation on Sale and Leaseback Transactions
	  	 	58	 
	 SECTION 7.04.
	 	 Financial Condition Covenant
	  	 	58	 
	 SECTION 7.05.
	 	 Subsidiary Indebtedness
	  	 	58	 

  
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	ARTICLE VIII	  

	
	Events of Default	  

	
	ARTICLE IX	  

	
	The Administrative Agent	  

	
	ARTICLE X	  

	
	Miscellaneous	  

			
	 SECTION 10.01.
	 	 Notices
	  	 	67	 
	 SECTION 10.02.
	 	 Survival of Agreement
	  	 	69	 
	 SECTION 10.03.
	 	 Binding Effect
	  	 	69	 
	 SECTION 10.04.
	 	 Successors and Assigns
	  	 	69	 
	 SECTION 10.05.
	 	 Expenses, Indemnity
	  	 	72	 
	 SECTION 10.06.
	 	 Applicable Law
	  	 	73	 
	 SECTION 10.07.
	 	 Waivers, Amendment
	  	 	73	 
	 SECTION 10.08.
	 	 Entire Agreement
	  	 	75	 
	 SECTION 10.09.
	 	 Severability
	  	 	75	 
	 SECTION 10.10.
	 	 Counterparts; Electronic Execution
	  	 	75	 
	 SECTION 10.11.
	 	 Headings
	  	 	76	 
	 SECTION 10.12.
	 	 Right of Setoff
	  	 	76	 
	 SECTION 10.13.
	 	 Jurisdiction: Consent to Service of Process
	  	 	77	 
	 SECTION 10.14.
	 	 WAIVER OF JURY TRIAL
	  	 	77	 
	 SECTION 10.15.
	 	 Confidentiality
	  	 	78	 
	 SECTION 10.16.
	 	 USA PATRIOT Act Notice
	  	 	79	 
	 SECTION 10.17.
	 	 No Fiduciary Relationship
	  	 	79	 
	 SECTION 10.18.
	 	 Acknowledgement and Consent to Bail-In of
Affected Financial Institutions
	  	 	79	 
	 SECTION 10.19.
	 	 Interest Rate Limitation
	  	 	80	 

  
 iii 

			
	 ANNEX:
	 	
		
	 Annex I
	 	 Pricing Grid

		
	 SCHEDULES:
	 	
		
	 Schedule 1.01
	 	 Existing Japanese Debt

	 Schedule 2.01
	 	 Commitments

	 Schedule 7.02
	 	 Existing Liens

		
	 EXHIBITS:
	 	
		
	 Exhibit A
	 	 Form of Assignment and Assumption

	 Exhibit B
	 	 Form of Borrowing Request

	 Exhibit C
	 	 Form of Interest Election Request

	 Exhibit D-1
	 	 Form of U.S. Tax Compliance Certificate for
Non-U.S. Lenders that are not Partnerships for U.S. Federal Income Tax Purposes

	 Exhibit D-2
	 	 Form of U.S. Tax Compliance Certificate for
Non-U.S. Participants that are not Partnerships for U.S. Federal Income Tax Purposes

	 Exhibit D-3
	 	 Form of U.S. Tax Compliance Certificate for
Non-U.S. Participants that are Partnerships for U.S. Federal Income Tax Purposes

	 Exhibit D-4
	 	 Form of U.S. Tax Compliance Certificate for
Non-U.S. Lenders that are Partnerships for U.S. Federal Income Tax Purposes

  
 i 

 364-DAY REVOLVING CREDIT AGREEMENT dated as of
August 20, 2021 (as amended and in effect from time to time, this “Agreement”), among ZIMMER BIOMET HOLDINGS, INC., a Delaware corporation (the “Borrower”), the LENDERS party hereto and JPMORGAN CHASE BANK,
N.A., as administrative agent. 
 The Borrower has requested that the Lenders, on the terms and subject to the conditions herein set forth,
extend credit to the Borrower in the form of Loans from time to time prior to the Maturity Date in an aggregate principal amount not in excess of $1,000,000,000 at any time outstanding. 

The proceeds of the Loans shall be used for general corporate purposes of the Borrower and the Subsidiaries. 

Accordingly, the parties hereto agree as follows: 

ARTICLE I 
 Definitions

 SECTION 1.01.    Defined Terms. As used in this Agreement, the following terms have the meanings specified
below: 
 “ABR” when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are bearing interest at a rate determined by reference to the Alternate Base Rate. 
 “Additional Amount” shall
have the meaning set forth in Section 3.12(a). 
 “Adjusted LIBO Rate” shall mean, with respect
to any LIBOR Borrowing for any Interest Period, an interest rate per annum equal to the product of (a) the LIBO Rate in effect for such Interest Period multiplied by (b) the Statutory Reserve Rate. 

“Administrative Agent” shall mean JPMorgan in its capacity as administrative agent under any of the Loan Documents, or any
successor administrative agent. 
 “Administrative Questionnaire” shall mean an administrative questionnaire in the form
supplied by the Administrative Agent. 
 “Affected Financial Institution” shall mean (a) any EEA Financial
Institution, or (b) any UK Financial Institution. 
 “Affiliate” shall mean, when used with respect to a specified
Person, another Person that directly, or indirectly, Controls or is Controlled by or is under common Control with the Person specified. 

“Agent Parties” shall have the meaning set forth in Section 10.01(c). 

 

 “Aggregate Commitments” shall mean, at any time, the Commitments of all the
Lenders at such time. 
 “Agreement” shall have the meaning set forth in the preamble. 

“Alternate Base Rate” shall mean, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on
such day, (b) the NYFRB Rate in effect on such day plus 1⁄2 of 1% per annum and (c) the Adjusted LIBO Rate on such day (or, if such day is not a
Business Day, the immediately preceding Business Day) for a deposit in Dollars with a maturity of one month plus 1% per annum. For purposes of clause (c) above, the Adjusted LIBO Rate on any day shall be based on the Screen Rate (or, in the
event the Screen Rate is not available for such maturity of one month, the Interpolated Screen Rate) at approximately 11:00 a.m., London time, on such day for deposits in Dollars with maturity of one month; provided that if (i) such rate
shall be less than zero, such rate shall be deemed to be zero and (ii) if such rate is not available or cannot be determined, such rate shall be deemed to be zero. Any change in the Alternate Base Rate due to a change in the Prime Rate, the
NYFRB Rate or the Adjusted LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate, the NYFRB Rate or the Adjusted LIBO Rate, respectively. 

“Ancillary Document” shall have the meaning set forth in Section 10.10(b). 

“Anti-Corruption Laws” shall mean all laws, rules, and regulations of any jurisdiction applicable to the Borrower or any of
its Affiliates from time to time concerning or relating to bribery, corruption or money laundering, including the United States Foreign Corrupt Practices Act of 1977 and the UK Bribery Act of 2010 (and any regulations promulgated thereunder). 

“Applicable Margin” shall mean, for each Loan, the applicable rate per annum determined pursuant to the Pricing Grid. 

“Applicable Percentage” shall mean, with respect to any Lender at any time, the percentage (carried out to the ninth decimal
place) of the Aggregate Commitments represented by such Lender’s Commitment at such time. 
 “Approved Fund” shall
mean any Person (other than a natural person, or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person) that is (or will be) engaged in making, purchasing, holding or investing in bank
loans and similar extensions of credit in the ordinary course of its business and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages
a Lender. 
 “Arranger” shall mean each of JPMorgan, BofA Securities, Inc., Barclays Bank PLC, BNP Paribas Securities
Corp., Citibank, N.A., DNB Markets, Inc., Goldman Sachs Bank USA, HSBC Securities (USA) Inc., Mizuho Bank, Ltd., Morgan Stanley MUFG Loan Partners LLC, acting through Morgan Stanley Senior Funding, Inc. and MUFG Bank, Ltd., RBC Capital Markets and
Sumitomo Mitsui Banking Corporation, in each case in its capacities as a joint lead arranger and a joint bookrunner for the credit facilities established hereunder. 

  
 2 

 “Assignment and Assumption” shall mean an assignment and assumption
entered into by a Lender and an Eligible Assignee in the form of Exhibit A, or such other form as shall be approved by the Administrative Agent (including electronic documentation generated by use of an electronic platform). 

“Available Tenor” shall mean, as of any date of determination and with respect to the then-current Benchmark, as applicable,
any tenor for such Benchmark (or component thereof) or payment period for interest calculated with reference to such Benchmark (or component thereof), as applicable, that is or may be used for determining the length of an Interest Period for any
term rate or otherwise for determining any frequency of making payments of interest calculated pursuant to this Agreement as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the
definition of “Interest Period” pursuant to Section 3.08(b)(v). 
 “Bail-In
Action” shall mean the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution. 

“Bail-In Legislation” shall mean, (a) with respect to any EEA Member Country
implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, rule, regulation or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 and any other law, regulation or rule applicable in the United Kingdom relating to the
resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings). 

“Bankruptcy Event” shall mean, with respect to any Person, that such Person has become the subject of a voluntary or
involuntary bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed
for it, or, in the good faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in, any such proceeding or appointment or has had any order for relief in such
proceeding entered in respect thereof; provided that a Bankruptcy Event shall not result solely by virtue of (a) any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority so long as
such ownership interest does not result in or provide such Person with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such
Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person or (b) an Undisclosed Administration. 

“Benchmark” means, initially, LIBO Rate; provided that if a Benchmark Transition Event, a Term SOFR Transition Event,
an Early Opt-in Election or an Other Benchmark Rate Election, as applicable, and its related Benchmark Replacement Date have occurred with respect to LIBO Rate or the then-current Benchmark, then
“Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 3.08(b)(i) or 3.08(b)(ii). 

  
 3 

 “Benchmark Replacement” means, for any Available Tenor, the first
alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date; provided that, in the case of an Other Benchmark Rate Election, the “Benchmark Replacement”
shall mean the alternative set forth in clause (3) below: 
 (1) the sum of: (a) Term SOFR and (b) the related Benchmark
Replacement Adjustment; 
 (2) the sum of: (a) Daily Simple SOFR and (b) the related Benchmark Replacement Adjustment; 

(3) the sum of: (a) the alternate benchmark rate that has been selected by the Administrative Agent and the Borrower as the replacement
for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body
and/or (ii) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for Dollar-denominated syndicated credit facilities at such time in the United States and
(b) the related Benchmark Replacement Adjustment; 
 provided that, in the case of clause (1), such Unadjusted Benchmark Replacement is
displayed on a screen or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion; provided further that, in the case of clause (3), when such clause is used to
determine the Benchmark Replacement in connection with the occurrence of an Other Benchmark Rate Election, the alternate benchmark rate selected by the Administrative Agent and the Borrower shall be the term benchmark rate that is used in lieu of a
LIBOR-based rate in the relevant other Dollar-denominated syndicated credit facilities; provided further that, notwithstanding anything to the contrary in this Agreement or in any other Loan Document, upon the occurrence of a Term SOFR Transition
Event, and the delivery of a Term SOFR Notice, on the applicable Benchmark Replacement Date the “Benchmark Replacement” shall revert to and shall be deemed to be the sum of (a) Term SOFR and (b) the related Benchmark Replacement
Adjustment, as set forth in clause (1) of this definition (subject to the first proviso above). 
 If the Benchmark Replacement as
determined pursuant to clause (1), (2) or (3) above would be less than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents. 

“Benchmark Replacement Adjustment” means, with respect to any replacement of the then-current Benchmark with an Unadjusted
Benchmark Replacement for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement: 

(1) for purposes of clauses (1) and (2) of the definition of “Benchmark Replacement”, the first alternative set forth in the
order below that can be determined by the Administrative Agent: 
 (a) the spread adjustment, or method for calculating or determining such
spread adjustment, (which may be a positive or negative value or zero) as of the Reference Time such 

  
 4 

 
Benchmark Replacement is first set for such Interest Period that has been selected or recommended by the Relevant Governmental Body for the replacement of such Benchmark with the applicable
Unadjusted Benchmark Replacement for the applicable Corresponding Tenor; 
 (b) the spread adjustment (which may be a positive or negative
value or zero) as of the Reference Time such Benchmark Replacement is first set for such Interest Period that would apply to the fallback rate for a derivative transaction referencing the ISDA Definitions to be effective upon an index cessation
event with respect to such Benchmark for the applicable Corresponding Tenor; and 
 (2) for purposes of clause (3) of the definition of
“Benchmark Replacement”, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower for
the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the
applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement Date and/or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for
calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for Dollar-denominated syndicated credit facilities at such time in the United States; 

provided that, in the case of clause (1) above, such adjustment is displayed on a screen or other information service that publishes such
Benchmark Replacement Adjustment from time to time as selected by the Administrative Agent in its reasonable discretion. 

“Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or
operational changes (including changes to the definition of “Alternate Base Rate”, the definition of “Business Day”, the definition of “Interest Period”, timing and frequency of determining rates and making payments of
interest, timing of borrowing requests or prepayment, conversion or continuation notices, length of lookback periods, the applicability of breakage provisions, and other technical, administrative or operational matters) that the Administrative Agent
decides in its reasonable discretion may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market
practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent reasonably determines that no market practice for the administration of such
Benchmark Replacement exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents). 

“Benchmark Replacement Date” means, with respect to any Benchmark, the earliest to occur of the following events with respect
to such then-current Benchmark: 
 (1) in the case of clause (1) or (2) of the definition of “Benchmark Transition Event”,
the later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of such Benchmark (or the published component used in the calculation thereof) permanently or
indefinitely ceases to provide all Available Tenors of such Benchmark (or such component thereof); 

  
 5 

 (2) in the case of clause (3) of the definition of “Benchmark Transition
Event”, the first date on which such Benchmark (or the published component used in the calculation thereof) has been determined and announced by the regulatory supervisor for the administrator of such Benchmark (or such component thereof) to be
no longer representative; provided that such non-representativeness will be determined by reference to the most recent statement or publication referenced in such clause (3) and without regard to
whether any Available Tenor of such Benchmark (or such component thereof) continues to be provided on such date; 
 (3) in the case of a
Term SOFR Transition Event, the date that is 30 days after the date a Term SOFR Notice is provided to the Lenders and the Borrower pursuant to Section 3.08(b)(ii); or 

(4) in the case of an Early Opt-in Election or an Other Benchmark Rate Election, the sixth Business
Day after the date notice of such Early Opt-in Election or Other Benchmark Rate Election, as applicable, is provided to the Lenders, so long as the Administrative Agent has not received, by 5:00 p.m., New York
City time, on the fifth Business Day after the date notice of such Early Opt-in Election or Other Benchmark Rate Election, as applicable, is provided to the Lenders, written notice of objection to such Early Opt-in Election, or Other Benchmark Rate Election, as applicable, from Lenders comprising the Required Lenders. 

For the avoidance of doubt, (i) if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than,
the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination and (ii) the “Benchmark Replacement Date” will be deemed to have
occurred in the case of clause (1) or (2) with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors of such Benchmark (or the published component used
in the calculation thereof). 
 “Benchmark Transition Event” means, with respect to any Benchmark, the
occurrence of one or more of the following events with respect to such then-current Benchmark: 
 (1) a public statement or publication of
information by or on behalf of the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such
component thereof), permanently or indefinitely; provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof);

 (2) a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the
published component used in the calculation thereof), the Federal Reserve Board, the NYFRB, an insolvency official with jurisdiction over the administrator for such Benchmark (or such component), a resolution authority with jurisdiction over the
administrator for such Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such component), 

  
 6 

 
which states that the administrator of such Benchmark (or such component) has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof) permanently or
indefinitely; provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); or 

(3) a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published
component used in the calculation thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are no longer, or as of a specified future date will no longer be, representative. 

For the avoidance of doubt, a “Benchmark Transition Event” will be deemed to have occurred with respect to any Benchmark if a public
statement or publication of information set forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the calculation thereof). 

“Benchmark Unavailability Period” means the period (if any) (x) beginning at the time that a Benchmark Replacement Date
pursuant to clauses (1) or (2) of that definition has occurred if, at such time, no Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any other Loan Document in accordance with
Section 3.08(b) and (y) ending at the time that a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any other Loan Document in accordance with Section 3.08(b). 

“Beneficial Ownership Regulation” shall mean 31 C.F.R. § 1010.230. 

“Benefit Plan” shall mean (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of
ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of
the Code) the assets of any such “employee benefit plan” or “plan”. 
 “Borrower” shall have the
meaning set forth in the preamble hereto. 
 “Borrower Materials” shall have the meaning set forth in
Section 6.03. 
 “Borrowing” shall mean Loans of the same Type, made, converted or continued on
the same date and, in the case of LIBOR Loans, as to which a single Interest Period is in effect. 
 “Borrowing Request”
shall mean a request by the Borrower for a Borrowing in accordance with Section 2.03, which shall be substantially in the form of Exhibit B or such other form as may be approved by the Administrative Agent (including
any form on an electronic platform or electronic transmission system), appropriately completed and signed by a Financial Officer. 

“Business Day” shall mean any day (other than a Saturday or a Sunday) on which banks are open for business in New York City;
provided that, when used in connection with a LIBOR Loan, the term “Business Day” shall also exclude any day on which banks are not open for dealings in deposits in Dollars in the London interbank market. 

  
 7 

 “Capital Lease Obligations” of any Person shall mean the obligations of
such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are, subject to Section 1.04, required to
be classified and accounted for as capital leases on a balance sheet of such Person under GAAP and, for the purposes of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in
accordance with GAAP. 
 “Capital Stock” shall mean shares of capital stock, partnership interests, membership interests in
a limited liability company, beneficial interests in a trust or other equity interests in any Person, and any option, warrant or other right entitling the holder thereof to purchase or otherwise acquire any such equity interest (other than, prior to
the date of conversion, Debt that is convertible into any such equity interest). 
 “Cash Equivalents” shall mean
(a) marketable direct obligations issued by, or unconditionally guaranteed or insured by, the United States government or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within
one year from the date of acquisition; (b) certificates of deposit, time deposits, eurodollar time deposits, bankers’ acceptances or overnight bank deposits having maturities of six months or less from the date of acquisition issued by any
Lender or by any commercial bank organized under the laws of the United States or any state thereof whose short-term commercial paper rating at the time of acquisition is at least B or the equivalent thereof by Fitch IBCA, A-3 or the equivalent thereof by S&P, or P-3 or the equivalent thereof by Moody’s; (c) commercial paper of an issuer rated at least A-2 or the equivalent thereof at the time of acquisition by S&P or at least P-2 or the equivalent thereof at the time of acquisition by Moody’s, or carrying an
equivalent rating by a nationally recognized rating agency, if both of the two named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing within six months from the date of acquisition; (d) repurchase
obligations of any Lender or of any commercial bank satisfying the requirements of clause (b) of this definition, having a term of not more than 30 days, with respect to securities issued or fully guaranteed or insured by the United
States government; (e) securities or marketable direct obligations with maturities of one year or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, by any political
subdivision or taxing authority of any such state, commonwealth or territory or by any foreign government, the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case may be) are
rated at least A by S&P or A by Moody’s; (f) securities with maturities of six months or less from the date of acquisition backed by standby letters of credit issued by any Lender or any commercial bank satisfying the requirements of
clause (b) of this definition; or (g) shares of money market mutual or similar funds which invest exclusively in assets satisfying the requirements of clauses (a) through (f) of this definition. 

A “Change in Control” shall be deemed to have occurred if (a) any Person or group of Persons (other than (i) the
Borrower, (ii) any Subsidiary or (iii) any employee or director benefit plan or stock plan of the Borrower or a Subsidiary or any trustee or fiduciary with respect to any such plan when acting in that capacity or any trust related to any
such plan) shall have acquired beneficial ownership of shares representing more than 35% of the combined voting power represented by the outstanding Voting Stock of the Borrower (within the meaning of Section 13(d) or 14(d) of the Exchange Act
and the applicable rules and regulations thereunder) or (b) during any period of 12 consecutive months, commencing before and ending after, or commencing after, 

  
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the Effective Date, individuals who on the first day of such period were directors of the Borrower (together with any replacement or additional directors who were nominated or elected by a
majority of directors then in office or approved prior to their election by a majority of directors then in office) cease to constitute a majority of the board of directors of the Borrower. 

“Change in Law” shall mean (a) the adoption or taking effect of any law, rule, regulation or treaty after the Effective
Date, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority after the Effective Date or (c) the making or issuance of any
request, guideline or directive (whether or not having the force of law) of any Governmental Authority after the Effective Date; provided that, notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and
Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel
Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, in each case shall be deemed to be a “Change in Law”, regardless of the
date enacted, adopted, promulgated or issued. 
 “Charges” shall have the meaning set forth in
Section 10.19. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended. 

“Commitment” shall mean, as to each Lender, its obligation to make Loans to the Borrower pursuant to
Section 2.01 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which
such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The amount of the Aggregate Commitments on the Effective Date is $1,000,000,000. 

“Commitment Termination Date” shall mean the date that is 364 days after the Effective Date; provided that if such day
is not a Business Day, the Commitment Termination Date shall be the immediately preceding Business Day. 
 “Communications”
shall mean, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of the Borrower pursuant to any Loan Document or the transactions contemplated therein that is distributed by or to the
Administrative Agent or any Lender by means of electronic communications pursuant to Section 10.01, including through an Electronic System. 

“Confidential Information” shall have the meaning set forth in Section 10.15. 

“Connection Income Taxes” shall mean Other Connection Taxes that are imposed on or measured by net income (however
denominated) or that are franchise Taxes or branch profits Taxes. 
 “Consolidated EBITDA” shall mean, for any period,
(a) Consolidated Net Income for such period; plus (b) without duplication and to the extent reflected as a charge in such Consolidated Net Income for such period, the sum of: (i) income tax expense, (ii) interest expense

  
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(including imputed interest on Capital Lease Obligations), amortization or write-off of debt discount and debt issuance costs and commissions, discounts
and other fees and charges associated with Debt (including the Loans), and commissions, discounts and other fees and charges with respect to letters of credit, bankers’ acceptance financing and receivables financings, (iii) depreciation
and amortization expense, including amortization of intangibles (including goodwill) and organization costs, (iv) any extraordinary, unusual or non-recurring expenses or losses (including, whether or not
otherwise includable as a separate item in the statement of earnings for such period, losses on sales of assets outside of the ordinary course of business), (v) any non-cash expenses relating to stock option
exercises, (vi) any other non-cash charges, and (vii) (A) any charges, costs, expenses, accruals or reserves incurred pursuant to any management equity plan, profits interest or stock option plan,
any equity-based compensation or equity-based incentive plan, or any other management or employee benefit plan, agreement or pension plan and (B) any charges, costs, expenses, accruals or reserves in connection with the rollover, acceleration
or payout of Capital Stock of the Borrower held by management of the Borrower or any of its Subsidiaries; and minus (c) without duplication and to the extent included in such Consolidated Net Income for such period, the sum of:
(i) interest income, (ii) any extraordinary, unusual or non-recurring income or gains (including, whether or not otherwise includable as a separate item in the statement of earnings for such period,
gains on the sales of assets outside of the ordinary course of business) and (iii) any other non-cash income, all as determined on a consolidated basis for the Borrower and its consolidated Subsidiaries.
For the purposes of calculating Consolidated EBITDA for any period of four consecutive fiscal quarters (each, a “Reference Period”) pursuant to any determination of the Consolidated Leverage Ratio, (x) if at any time during
such Reference Period the Borrower or any Subsidiary shall have made any Material Disposition, the Consolidated EBITDA for such Reference Period shall be reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to the
property that is the subject of such Material Disposition for such Reference Period or increased by an amount equal to the Consolidated EBITDA (if negative) attributable thereto for such Reference Period and (y) if during such Reference Period
the Borrower or any Subsidiary shall have made a Material Acquisition, Consolidated EBITDA for such Reference Period shall be calculated after giving pro forma effect thereto as if such Material Acquisition occurred on the first day of such
Reference Period. As used in this definition, “Material Acquisition” shall mean any acquisition of property or series of related acquisitions of property that (1) constitutes assets comprising all or substantially all of an
operating unit of a business or constitutes all or substantially all of the Capital Stock of a Person and (2) involves the payment of consideration by the Borrower and its Subsidiaries in excess of $250,000,000; and “Material
Disposition” shall mean any disposition of property or series of related dispositions of property that yields gross proceeds to the Borrower or any of its Subsidiaries in excess of $250,000,000. 

“Consolidated Leverage Ratio” shall mean, as at the last day of any period, the ratio of: (a) the sum of
(i) Consolidated Total Debt as of such day, plus (ii) to the extent not included in the definition of Consolidated Total Debt, the aggregate amount of financing, to the extent in excess of $300,000,000, provided by third parties in
connection with Permitted Receivables Securitizations as of such day to (b) Consolidated EBITDA for such period. 

“Consolidated Net Income” shall mean, for any period, the consolidated net income (or loss) of the Borrower and its
consolidated Subsidiaries, determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded, without duplication: (a) the income 

  
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(or loss) of any Person accrued prior to the date it becomes a Subsidiary of the Borrower or is merged into or consolidated with the Borrower or any of its Subsidiaries, (b) the income of
any Person (other than a Subsidiary of the Borrower) in which the Borrower or any of its Subsidiaries has an ownership interest, except to the extent that any such income is actually received by the Borrower or such Subsidiary in the form of
dividends or similar distributions, and (c) the undistributed earnings of any Subsidiary of the Borrower to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary is not at the time permitted by the
terms of any Contractual Obligation. 
 “Consolidated Net Tangible Assets” shall mean, as of any date, the total assets
(less applicable reserves and other properly deductible items) after deducting (a) all current liabilities (excluding the amount of those liabilities which are by their terms extendable or renewable at the option of the obligor to a date
more than 12 months after the date as of which the amount is being determined) and (b) all goodwill, tradenames, trademarks, patents, unamortized debt discount and expense and other intangible assets, all as set forth on the most recent balance
sheet of the Borrower and its consolidated Subsidiaries and determined on a consolidated basis in accordance with GAAP. 

“Consolidated Total Debt” shall mean, as of any date, (a) the aggregate principal amount of all third-party Debt for
borrowed money (including purchase money Debt), unreimbursed drawings under letters of credit, Capital Lease Obligations and third-party Debt obligations evidenced by notes, bonds, debentures or similar instruments, in each case of the Borrower and
its Subsidiaries outstanding as of such date that would be reflected on a consolidated balance sheet of the Borrower prepared as of such date on a consolidated basis in accordance with GAAP, minus (b) up to $500,000,000 of cash and Cash
Equivalents held in the United States by the Borrower and its Domestic Wholly Owned Subsidiaries as of such date; provided that such cash and Cash Equivalents are free of any Liens (other than Liens referred to in
Section 7.02(o)). 
 “Contractual Obligation” shall mean, as to any Person, any provision of any
security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

“Control” shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management
or policies of a Person, whether through the ownership of voting securities, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

“Corresponding Tenor” with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an
interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor. 

“Credit Party” shall mean the Administrative Agent and each Lender. 

“Daily Simple SOFR” shall mean, for any day, SOFR, with the conventions for this rate (which may include a lookback) being
established by the Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for business loans; provided that if the
Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion. 

  
 11 

 “Debt” of any Person, shall mean, without duplication, (a) all
obligations of such Person represented by notes, bonds, debentures or similar evidences of indebtedness, (b) all indebtedness of such Person for borrowed money or for the deferred purchase price of property or services other than, in the case
of any such deferred purchase price, on normal trade terms, (c) all rental obligations of such Person as lessee under leases that are Capital Lease Obligations, (d) all indebtedness of such Person created or arising under any conditional
sale or other title retention agreement with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property),
(e) all obligations, contingent or otherwise, of such Person as an account party or applicant under or in respect of bankers’ acceptances, letters of credit, surety bonds or similar arrangements, (f) the liquidation value of all preferred
capital stock of such Person which is redeemable at the option of the holder thereof or which may become (by scheduled or mandatory redemption) due within one year of the Maturity Date, (g) all Guarantees of such Person in respect of
obligations of any other Person of the kind referred to in clauses (a) through (f) above, (h) all obligations of the kind referred to in clauses (a) through (g) above secured by (or for which the holder of
such obligation has an existing right, contingent or otherwise, to be secured by) any Lien on property (including accounts and contract rights) owned by such Person, whether or not such Person has assumed or become liable for the payment of such
obligation and (i) for the purposes of clause (f) of Article VIII only, all obligations of such Person in respect of Hedge Agreements. The Debt of any Person shall include Debt of any other entity (including any partnership
in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Debt expressly provide
that such Person is not liable therefor. 
 “Default” shall mean any event or condition which constitutes an Event of
Default or which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default. 
 “Defaulting
Lender” shall mean any Lender that: (a) has failed, within two Business Days of the date required to be funded or paid, to (i) fund any portion of its Loans or (ii) pay over to any Credit Party any other amount required to be
paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies the Administrative Agent in writing that such failure is the result of such Lender’s good faith determination that a condition precedent to funding
(specifically identified in such writing, including, if applicable, by reference to a specific Default) has not been satisfied; (b) has notified the Borrower or any Credit Party in writing, or has made a public statement to the effect, that it
does not intend or expect to comply with any of its funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such Lender’s good faith determination that a condition precedent to
funding (specifically identified in such writing, including, if applicable, by reference to a specific Default) cannot be satisfied) or generally under other agreements in which it commits to extend credit; (c) has failed, within three Business
Days after a written request by the Administrative Agent, made in good faith, to provide a certification in writing from an authorized officer of such Lender that it will comply with its obligations to fund prospective Loans; provided that
such Lender shall cease 

  
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to be a Defaulting Lender pursuant to this clause (c) upon receipt by the Administrative Agent of such certification in form and substance reasonably satisfactory to it; (d) has
become the subject of a Bankruptcy Event; or (e) has become, or has a Lender Parent that has become, the subject of a Bail-In Action. 

“Dollars” or “$” shall mean lawful money of the United States. 

“Domestic Subsidiary” shall mean a Subsidiary that is incorporated or organized under the laws of the United States or any
state or political subdivision thereof. 
 “Domestic Wholly Owned Subsidiary” shall mean a Wholly Owned Subsidiary that is
a Domestic Subsidiary. 
 “Early Opt-in Election” means, if the then-current
Benchmark is LIBO Rate, the occurrence of: 
 (1) a notification by the Administrative Agent to (or the request by the Borrower to the
Administrative Agent to notify) each of the other parties hereto that at least five currently outstanding Dollar-denominated syndicated credit facilities at such time contain (as a result of amendment or as originally executed) a SOFR-based rate
(including SOFR, a term SOFR or any other rate based upon SOFR) as a benchmark rate (and such syndicated credit facilities are identified in such notice and are publicly available for review), and 

(2) the joint election by the Administrative Agent and the Borrower to trigger a fallback from LIBO Rate and the provision by the
Administrative Agent of written notice of such election to the Borrower and the Lenders. 
 “EEA Financial Institution”
shall mean (a) any institution established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in
clause (a) of this definition, or (c) any institution established in an EEA Member Country which is a subsidiary of an institution described in clause (a) or (b) of this definition and is subject to consolidated
supervision with its parent. 
 “EEA Member Country” shall mean any of the member states of the European Union, Iceland,
Liechtenstein and Norway. 
 “EEA Resolution Authority” shall mean any public administrative authority or any Person
entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Date” shall mean August 20, 2021. 

“Electronic Signature” shall mean an electronic signature, sound, symbol or process attached to, or associated with, a
contract or other record and adopted by a Person with the intent to sign, authenticate or accept such contract or record. 

  
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 “Electronic System” shall mean any electronic system, including email, e-fax, Intralinks®, ClearPar®, Debt Domain, Syndtrak and any other Internet or extranet-based site,
whether such electronic system is owned, operated or hosted by the Administrative Agent or any of its Related Parties or any other Person, providing for access to data protected by passcodes or other security system. 

“Eligible Assignee” shall mean (a) a Lender, (b) an Affiliate of a Lender, (c) an Approved Fund and
(d) any other Person, other than, in each case, (i) a natural person, or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person, (ii) a Defaulting Lender or
(iii) the Borrower or any Subsidiary or other Affiliate of the Borrower. 
 “Environmental and Safety Laws” shall mean
any and all applicable current and future treaties, laws (including common law), regulations, enforceable requirements, binding determinations, orders, decrees, judgments, injunctions, permits, approvals, authorizations, licenses, permissions, or
binding agreements issued, promulgated or entered by any Governmental Authority, relating to the environment, to employee health or safety as it pertains to the use or handling of, or exposure to, any hazardous or toxic substance or waste, to
preservation or reclamation of natural resources or to the management, release or threatened release of any hazardous or toxic substance or waste, including the Hazardous Materials Transportation Act, the Comprehensive Environmental Response,
Compensation, and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Act of 1986, the Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery Act of 1976 and the Hazardous and Solid Waste
Amendments of 1984, the Federal Water Pollution Control Act, as amended by the Clean Water Act of 1977, the Clean Air Act of 1970, as amended, the Toxic Substances Control Act of 1976, the Occupational Safety and Health Act of 1970, as amended, the
Emergency Planning and Community Right-to-Know Act of 1986, the Safe Drinking Water Act of 1974, as amended, any similar or implementing state law, all amendments of any
of them, and any regulations promulgated under any of them. 
 “ERISA” shall mean the Employee Retirement Income Security
Act of 1974, as amended, and the rules and regulations promulgated thereunder. 
 “ERISA Affiliate” shall mean any trade or
business (whether or not incorporated) that, together with the Borrower, is treated as a single employer under Section 414(b) or (c) of the Code, or, solely for purposes of Section 302 or ERISA and Section 412 of the Code, is
treated as a single employer under Section 414 of the Code. 
 “ERISA Termination Event” shall mean (a) a
“Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC
under such regulations), (b) the withdrawal of the Borrower or any of its ERISA Affiliates from a “single employer” Plan during a plan year in which it was a “substantial employer”, both of such terms as defined in
Section 4001(a) of ERISA, (c) the incurrence of liability under Title IV of ERISA with respect to the termination of a Plan, (d) the institution of proceedings to terminate a Plan by the PBGC, (e) the receipt by the Borrower or
any ERISA Affiliate of any notice (whether or not written) from the PBGC of any event or condition which the PBGC asserts is reasonably likely to constitute grounds 

  
 14 

 
under Section 4042 of ERISA to terminate, or to appoint a trustee to administer, any Plan or (f) the partial or complete withdrawal of the Borrower or any ERISA Affiliate from, or the
Insolvency of, a Multiemployer Plan. 
 “EU Bail-In Legislation Schedule” shall
mean the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

“Event of Default” shall have the meaning set forth in Article VIII. 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

“Excluded Taxes” shall mean any of the following Taxes imposed on or with respect to a Recipient or required to be withheld
or deducted from a payment to a Recipient: (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the
laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the
case of a Lender, any United States withholding Taxes described in Section 3.11(j)(i) or Section 3.11(j)(ii) imposed on amounts payable to or for the account of such Lender with respect to an
applicable interest in a Loan or Commitment, (c) Taxes attributable to such Recipient’s failure to comply with Section 3.11(h) and 3.11(i), and (d) any U.S. Federal withholding Taxes imposed under
FATCA. 
 “Existing 364-Day Credit Agreement” shall mean that certain Credit
Agreement, dated as of September 18, 2020, among the Borrower, the lenders party thereto and Bank of America, N.A., in its capacity as the administrative agent. 

“FATCA” shall mean Section 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor
version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b)(1) of the Code and any
fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities entered into in connection with the implementation of the foregoing. 

“FCA” shall have the meaning set forth in Section 1.05. 

“Federal Funds Effective Rate” shall mean, for any day, the rate per annum calculated by the NYFRB based on such day’s
federal funds transactions by depository institutions, as determined in such manner as shall be set forth on the NYFRB Website from time to time, and published on the next succeeding Business Day by the NYFRB as the effective federal funds rate;
provided that if the Federal Funds Effective Rate as so determined would be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

“Federal Reserve Board” shall mean the Board of Governors of the Federal Reserve System of the United States. 

  
 15 

 “Financial Officer” of the Borrower shall mean (a) the chief financial
officer, principal accounting officer, vice president of finance, controller or treasurer of the Borrower, (b) solely for purposes of the delivery of secretary’s certificates and incumbency certificates, the secretary or any assistant
secretary of the Borrower and (c) solely for purposes of notices given pursuant to Article II, any other officer or employee of the Borrower so designated by any of the foregoing officers in a notice to the Administrative Agent. Any
document delivered hereunder that is signed by a Financial Officer shall be conclusively presumed to have been authorized by all necessary corporate action on the part of the Borrower and such Financial Officer shall be conclusively presumed to have
acted on behalf of the Borrower. 
 “Floor” means the benchmark rate floor, if any, provided in this Agreement initially
(as of the execution of this Agreement, the modification, amendment or renewal of this Agreement or otherwise) with respect to the LIBO Rate. 

“GAAP” shall mean generally accepted accounting principles in the United States, as in effect, subject to
Section 1.04, from time to time. 
 “Governmental Authority” shall mean the government of any
nation, including, but not limited to, the United States, or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies exercising such powers or functions, such as the European Union or the European Central Bank). 

“Group Member” shall mean the Borrower or any Subsidiary. 

“Guarantee” of or by any Person (the “guarantor”) shall mean any obligation, contingent or otherwise, of the
guarantor guaranteeing or having the economic effect of guaranteeing any Debt or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the
guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Debt or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment
thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Debt or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other financial
statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Debt or other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty issued to support such Debt or
obligation; provided that the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of business. 

“Hazardous Substances” shall mean any toxic, radioactive, mutagenic, carcinogenic, noxious, caustic or otherwise hazardous
substance, material or waste, including petroleum, its derivatives, by-products and other hydrocarbons, including polychlorinated biphenyls, asbestos or asbestos-containing material, and any substance, waste
or material regulated or that could reasonably be expected to result in liability under Environmental and Safety Laws. 

  
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 “Hedge Agreements” shall mean all interest rate swaps, caps or collar
agreements, foreign exchange transactions or other arrangements dealing with interest rates or currency exchange rates or the exchange of nominal interest obligations or foreign currencies, either generally or under specific contingencies. 

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

“Indemnitee” shall have the meaning set forth in Section 10.05(b). 

“Insolvency” shall mean, with respect to any Multiemployer Plan, the condition that such plan is insolvent within the meaning
of Section 4245 of ERISA. 
 “Interest Election Request” shall mean a request by the Borrower to convert or continue a
Borrowing in accordance with Section 3.02, which shall be substantially in the form of Exhibit C or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or
electronic transmission system), appropriately completed and signed by a Financial Officer. 
 “Interest Payment Date”
shall mean (a) with respect to any ABR Loan, the last day of each March, June, September and December and the Maturity Date and (b) with respect to any LIBOR Loan, the last day of the Interest Period applicable to the Borrowing of which
such Loan is a part. 
 “Interest Period” shall mean, with respect to any LIBOR Borrowing, the period commencing on the
date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one or three months thereafter (or such shorter interest period as may be agreed to by all Lenders), in each case as the Borrower may elect and
subject to availability; provided that (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would
fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day and (b) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no
numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on
which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. 

“Interpolated Screen Rate” shall mean, with respect to any LIBOR Borrowing for any Interest Period or for purposes of clause
(c) of the definition of the term “Alternate Base Rate”, a rate per annum (rounded to the same number of decimal places as the Screen Rate) determined by the Administrative Agent (which determination shall be conclusive and binding
absent manifest error) to be equal to the rate that results from interpolating on a linear basis between (a) the Screen Rate for the longest maturity for which a Screen Rate is available that is shorter than the applicable period and
(b) the Screen Rate for the shortest maturity for which a Screen Rate is available that is longer than the applicable period, in each case as of the time the Interpolated Screen Rate is required to be determined in accordance with the other
provisions hereof; provided that the Interpolated Screen Rate shall in no event be less than zero. 

  
 17 

 “IRS” shall mean the U.S. Internal Revenue Service. 

“ISDA Definitions” means the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or
any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to time by the International Swaps and Derivatives Association, Inc. or such successor
thereto. 
 “Japanese Yen” shall mean lawful money of Japan. 

“JPMorgan” shall mean JPMorgan Chase Bank, N.A. 

“Lender Parent” shall mean, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a
subsidiary. 
 “Lender-Related Person” means the Administrative Agent (and any
sub-agent thereof), each Arranger, each Lender and each Related Party of any of the foregoing Persons. 

“Lenders” shall mean (a) the financial institutions listed on Schedule 2.01 and (b) any Person that has
become a party hereto pursuant to an Assignment and Assumption, in each case, other than any Person that has ceased to be a party hereto pursuant to the terms of this Agreement. 

“Leverage Increase Period” shall have the meaning set forth in Section 7.04. 

“Liabilities” means any losses, claims (including intraparty claims), demands, damages or liabilities of any kind. 

“LIBO Rate” shall mean, with respect to any LIBOR Borrowing for any Interest Period, the Screen Rate at approximately 11:00
a.m., London time, two Business Days prior to the commencement of such Interest Period; provided that (a) if no Screen Rate shall be available at such time for such Interest Period but Screen Rates shall be available for maturities both
longer and shorter than such Interest Period, then the “LIBO Rate” for such Interest Period shall be Interpolated Screen Rate at such time and (b) if the LIBO Rate, determined as set forth above, shall be less than zero, such rate
shall be deemed to be zero. 
 “LIBOR”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or
the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted LIBO Rate. 

“Lien” shall mean any mortgage, lien, pledge, encumbrance, charge or security interest. 

“Loan” shall have the meaning set forth in Section 2.01. 

  
 18 

 “Loan Documents” shall mean this Agreement, any other agreement, instrument
or document designated by the Borrower and the Administrative Agent as a “Loan Document” and, other than for purposes of Section 10.07, each promissory note held by a Lender pursuant to
Section 3.04(e). 
 “Mandatory Restrictions” shall have the meaning set forth in
Section 1.06. 
 “Margin Regulations” shall mean Regulations T, U and X of the Federal Reserve
Board as from time to time in effect, and all official rulings and interpretations thereunder or thereof. 
 “Material
Acquisition” shall have the meaning set forth in the definition of “Consolidated EBITDA”. 
 “Material Adverse
Effect” shall mean a material adverse effect on the business, operations, properties or financial condition of the Borrower and its consolidated Subsidiaries, taken as a whole. 

“Material Disposition” shall have the meaning set forth in the definition of “Consolidated EBITDA”. 

“Maturity Date” shall mean the Commitment Termination Date; provided that if the Maturity Date shall have been extended
pursuant to Section 3.15, the Maturity Date shall be the first anniversary of the Commitment Termination Date; provided further that if any such date shall not be a Business Day, then the “Maturity Date” shall be
the immediately preceding Business Day. 
 “Maximum Rate” shall have the meaning set forth in
Section 10.19. 
 “Moody’s” shall mean Moody’s Investors Service, Inc. or any successor
to its rating agency business. 
 “Multiemployer Plan” shall mean a multiemployer plan as defined in
Section 4001(a)(3) of ERISA. 
 “New Lending Office” shall have the meaning set forth in
Section 3.11(h). 
 “Non-U.S. Lender” shall have the
meaning set forth in Section 3.11(h). 
 “NYFRB” shall mean the Federal Reserve Bank of New York.

 “NYFRB Rate” shall mean, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and
(b) the Overnight Bank Funding Rate in effect on such day (or, for any day that is not a Business Day, for the immediately preceding Business Day); provided, however, that if none of such rates are published for any day that is a
Business Day, the “NYFRB Rate” shall be the rate for a federal funds transaction quoted at 11:00 a.m., New York City time, on such day received by the Administrative Agent from a Federal funds broker of recognized standing selected by it;
provided further that if any of the aforesaid rates shall be less than zero, then such rate shall be deemed to be zero for all purposes. 

  
 19 

 “NYFRB Website” means the website of the NYFRB at
http://www.newyorkfed.org, or any successor source. 
 “OFAC” shall mean the United States Treasury Department Office of
Foreign Assets Control. 
 “Other Benchmark Rate Election” shall mean, if the then-current Benchmark is the LIBO Rate, the
occurrence of: 
 (a) a request by the Borrower to the Administrative Agent to notify each of the other parties hereto that, at the
determination of the Borrower, Dollar-denominated syndicated credit facilities at such time contain (as a result of amendment or as originally executed), in lieu of a LIBOR-based rate, a term benchmark rate as a benchmark rate, and 

(b) the Administrative Agent, in its sole discretion, and the Borrower jointly elect to trigger a fallback from the LIBO Rate and the
provision, as applicable, by the Administrative Agent of written notice of such election to the Borrower and the Lenders. 
 “Other
Connection Taxes” shall mean, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Taxes (other than connections arising from such Recipient
having executed, delivered, become a party to, performed its obligations under, received payments under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan Document). 

“Other Taxes” shall mean all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes
that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an
assignment (other than an assignment made pursuant to Section 3.13(b)). 
 “Overnight Bank Funding
Rate” shall mean, for any day, the rate comprised of both overnight federal funds and overnight eurodollar borrowings by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined as set forth on the
NYFRB Website from time to time and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate. 

“Participant” shall have the meaning set forth in Section 10.04(f). 

“Participant Register” shall have the meaning set forth in Section 10.04(g). 

“Payment” shall have the meaning set forth in Article IX. 

“Payment Notice” shall have the meaning set forth in Article IX. 

  
 20 

 “PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and
defined in ERISA and any successor entity performing similar functions. 
 “Permitted Debt” shall mean: (a) Debt of
any Subsidiary to any Group Member; (b) any Debt incurred pursuant to Sale and Leaseback Transactions permitted under Section 7.03; (c) Debt of any Subsidiary as an account party in respect of trade letters of credit,
to the extent that such letters of credit are not drawn upon; (d) Debt of any Person existing at the time such Person becomes a Subsidiary; provided that such Debt was not created in anticipation of such Person becoming a Subsidiary;
(e) Debt secured by any Lien permitted pursuant to Section 7.02(b) or Section 7.02(q); (f) Debt consisting of guarantees of loans made to officers, directors or employees of any Subsidiary;
(g) unsecured trade accounts payable and other unsecured current Debt incurred in the ordinary course of business and not more than 120 days past due (but excluding any Debt for borrowed money); (h) any Permitted Receivables Securitization;
(i) Debt with respect to surety, appeal and performance bonds obtained by any Subsidiary in the ordinary course of business; (j) Debt owed in respect of any netting services, overdrafts and related liabilities arising from treasury,
depository and cash management services or in connection with any automated clearing-house transfers of funds; (k) Debt incurred at a Japanese subsidiary of the Borrower and listed in Schedule 1.01 hereto in an aggregate principal amount
(together with any replacements, renewals, refinancings or extensions thereof pursuant to clause (l) below) not to exceed $300,000,000 (or the equivalent thereof in Japanese Yen); and (l) any replacement, renewal, refinancing or
extension of any Debt referenced in clause (d) or (k) above that does not exceed the aggregate principal amount (plus associated fees and expenses) of the Debt being replaced, renewed, refinanced or extended (except that
accrued and unpaid interest not delinquent in accordance with its terms may be part of any refinancing pursuant to this clause). 

“Permitted Receivables Securitization” shall mean the incurrence of Debt in respect of any receivables securitization of the
Borrower or any Subsidiary. 
 “Person” shall mean any natural person, corporation, limited liability company, trust, joint
venture, association, company, partnership, Governmental Authority or other entity. 
 “Plan” shall mean any “employee
pension benefit plan”, as defined in Section 3(2) of ERISA (other than a Multiemployer Plan), subject to the provisions of Title IV or Section 302 of ERISA or Section 412 of the Code that is maintained by the Borrower or any
ERISA Affiliate for current or former employees, or any beneficiary thereof, of the Borrower or any ERISA Affiliate. 
 “Pricing
Grid” shall mean the facility fee and Applicable Margin grid set forth in Annex I. 
 “Prime Rate” shall
mean the rate of interest last quoted by The Wall Street Journal as the “Prime Rate” in the United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal
Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar release by the Federal Reserve Board (as determined by the
Administrative Agent in its reasonable discretion). Each change in the Prime Rate shall be effective from and including the date such change is publicly announced or quoted as being effective. 

  
 21 

 “PTE” shall mean a prohibited transaction class exemption issued by the
U.S. Department of Labor, as any such exemption may be amended from time to time. 
 “Public Lender” shall have the meaning
set forth in Section 6.03. 
 “Qualified Material Acquisition” shall mean any acquisition of all
the Capital Stock in a Person, or of all or substantially all the assets of any Person (or of any division or line of business of any Person), by the Borrower or any of its Subsidiaries that, together with any other such acquisition consummated in
any single fiscal quarter of the Borrower, involves the incurrence by the Borrower or its Subsidiaries of Debt to finance the acquisition consideration therefor (including refinancing of any Debt of such acquired Person), or assumption by the
Borrower or its Subsidiaries of existing Debt of such acquired Person (or such division or line of business), in an aggregate principal amount of $1,000,000,000 or more. 

“Rating Agencies” shall mean Moody’s and S&P. 

“Ratings” shall have the meaning set forth in Annex I. 

“Recipient” shall mean the Administrative Agent, any Lender or any combination thereof (as the context requires). 

“Reference Period” shall have the meaning set forth in the definition of “Consolidated EBITDA”. 

“Reference Time” with respect to any setting of the then-current Benchmark means (1) if such Benchmark is LIBO Rate,
11:00 a.m., London time, on the day that is two London banking days preceding the date of such setting, and (2) if such Benchmark is not LIBO Rate, the time determined by the Administrative Agent in its reasonable discretion. 

“Register” shall have the meaning set forth in Section 10.04(d). 

“Regulation FD” shall have the meaning set forth in Section 10.15. 

“Related Parties” shall mean, with respect to any specified Person, such Person’s Affiliates and the respective
directors, officers, partners, members, trustees, employees, agents, administrators, managers, representatives and advisors of such Person and of such Person’s Affiliates. 

“Relevant Governmental Body” shall mean the Federal Reserve Board and/or the NYFRB, or a committee officially endorsed or
convened by the Federal Reserve Board and/or the NYFRB for the purpose of recommending a benchmark rate to replace LIBOR in loan agreements similar to this Agreement. 

“Required Lenders” shall mean, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing
more than 50% of the sum of the aggregate Revolving Credit Exposure of all the Lenders and the aggregate unused Commitments of all the Lenders at such time. 

  
 22 

 “Resolution Authority” shall mean an EEA Resolution Authority or, with
respect to any UK Financial Institution, a UK Resolution Authority. 
 “Restricted Lender” shall have the meaning set forth
in Section 1.06. 
 “Reuters” shall mean Thomson Reuters Corporation, Refinitiv or, in each case, a successor thereto.

 “Revolving Availability Period” shall mean the period from and including the Effective Date to (but excluding) the
earlier of the Commitment Termination Date and the date of termination of the Aggregate Commitments in accordance with the terms hereof. 

“Revolving Credit Exposure” shall mean, as at any date of determination with respect to any Lender, an amount equal to the
aggregate principal amount of such Lender’s Loans outstanding on such date. 
 “S&P” shall mean S&P Global
Ratings, a division of S&P Global Inc., and any successor to its rating agency business. 
 “Sale and Leaseback
Transaction” shall mean any arrangement with any Person pursuant to which the Borrower or any Subsidiary leases any property that has been or is to be sold or transferred by the Borrower or the Subsidiary to such Person, other than
(a) temporary leases for a term, including renewals at the option of the lessee, of not more than three years, (b) leases between the Borrower and a Subsidiary or between Subsidiaries, (c) leases of property executed by the time of,
or within 12 months after the latest of, the acquisition, the completion of construction or improvement, or the commencement of commercial operation, of such property and (d) arrangements pursuant to any provision of law with an effect similar
to that under former Section 168(f)(8) of the Internal Revenue Code of 1954. 
 “Sanctioned Country” shall mean, at
any time, a country, region or territory that is itself the subject or target of any Sanctions. 
 “Sanctioned Person”
shall mean, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union, any European Union member state, Her
Majesty’s Treasury of the United Kingdom, the State Secretariat for Economic Affairs of Switzerland, the Swiss Directorate of International Law, the Hong Kong Monetary Authority or the Monetary Authority of Singapore, (b) any Person
operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any Person or Persons described in the preceding clauses (a) and (b). 

“Sanctions” shall mean all economic or financial sanctions or trade embargoes imposed, administered or enforced from time to
time by (a) the U.S. government, including those administered by OFAC or the U.S. Department of State, or (b) the United Nations Security Council, the European Union, any European Union member state, Her Majesty’s Treasury of the
United Kingdom, the State Secretariat for Economic Affairs of Switzerland, the Swiss Directorate of International Law, the Hong Kong Monetary Authority or the Monetary Authority of Singapore. 

  
 23 

 “Screen Rate” shall mean in respect of the LIBO Rate for any Interest
Period, or in respect of any determination of Alternate Base Rate pursuant to clause (c) of the definition of such term, a rate per annum equal to the London interbank offered rate as administered by the ICE Benchmark Administration (or any
other Person that takes over the administration of such rate) for deposits in Dollars (for delivery on the first day of such Interest Period) with a term equivalent to the relevant period as displayed on the Reuters screen page that displays such
rate (currently LIBOR01 or LIBOR02) (or, in the event such rate does not appear on a page of the Reuters screen, on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from
time to time in its reasonable discretion); provided that (i) if any Screen Rate, determined as provided above, would be less than zero, such Screen Rate shall be deemed to be zero and (ii) if no Screen Rate shall be available for a
particular Interest Period but Screen Rates shall be available for maturities both longer and shorter than such Interest Period, than the Screen Rate for such Interest Period shall be the Interpolated Screen Rate. 

“SEC” shall mean the Securities and Exchange Commission. 

“SOFR” shall mean, with respect to any Business Day, a rate per annum equal to the secured overnight financing rate for such
Business Day published by the SOFR Administrator on the SOFR Administrator Website on the immediately succeeding Business Day. 

“SOFR Administrator” means the NYFRB (or a successor administrator of the secured overnight financing rate). 

“SOFR Administrator Website” means the NYFRB Website or any successor source for the secured overnight financing rate
identified as such by the SOFR Administrator from time to time. 
 “Specified Provision” shall have the meaning set forth
in Section 1.06. 
 “Statutory Reserve Rate” shall mean 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 percentages (including any marginal, special, emergency or supplemental reserves), expressed as a decimal, established by
the Federal Reserve Board to which the Administrative Agent is subject for eurodollar funding (currently referred to as “Eurodollar Liabilities” in Regulation D of the Federal Reserve Board). Such reserve percentages shall include
those imposed pursuant to such Regulation D. LIBOR Loans shall be deemed to constitute eurodollar funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available
from time to time to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

“subsidiary” shall mean, with respect to any Person (the “parent”) at any date, (a) for purposes of
Section 7.03 only, any Person the majority of the outstanding Voting Stock of which is owned, directly or indirectly, by the parent or one or more subsidiaries of the parent and (b) for all other purposes under this
Agreement, any corporation, limited liability company, 

  
 24 

 
partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements
were prepared in accordance with GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other entity of which Capital Stock representing more than 50% of the equity or more than 50% of the
ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held by the parent or one or more subsidiaries of the parent. 

“Subsidiary” shall mean a subsidiary of the Borrower. 

“Taxes” shall mean any and all present or future taxes, levies, imposts, duties, deductions, charges or withholdings
(including backup withholdings) imposed by any Governmental Authority and all interest, additions to tax, penalties or liabilities with respect thereto. 

“Term-Out Fee” shall have the meaning set forth in
Section 3.06(c). 
 “Term-Out Option” shall have the
meaning set forth in Section 3.15. 
 “Term SOFR” shall mean, for the applicable Corresponding
Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body. 

“Term SOFR Notice” shall mean a notification by the Administrative Agent to the Lenders and the Borrower of the occurrence of
a Term SOFR Transition Event. 
 “Term SOFR Transition Event” shall mean the determination by the Administrative Agent that
(a) Term SOFR has been recommended for use by the Relevant Governmental Body, (b) the administration of Term SOFR is administratively feasible for the Administrative Agent and (c) a Benchmark Transition Event or an Early Opt-in Election, as applicable, has previously occurred resulting in a Benchmark Replacement in accordance with Section 3.08(b) that is not Term SOFR. 

“Test Period” shall have the meaning set forth in Section 7.04. 

“Transactions” shall mean the execution and delivery by the Borrower of this Agreement, the performance by the Borrower of
its obligations hereunder, the borrowings made or to be made hereunder and the use of the proceeds thereof. 
 “Type”, when
used in respect of (a) any Loan, shall refer to whether such Loan is a LIBOR Loan or an ABR Loan, and (b) any Borrowing, shall refer to whether such Borrowing is comprised of LIBOR Loans or ABR Loans. 

“UK Financial Institution” shall mean any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from
time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person subject to IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes
certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 

  
 25 

 “UK Resolution Authority” shall mean the Bank of England or any other
public administrative authority having responsibility for the resolution of any UK Financial Institution. 
 “Unadjusted Benchmark
Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment. 

“Undisclosed Administration” shall mean, in relation to a Lender or a Lender Parent, the appointment of an administrator,
provisional liquidator, conservator, receiver, trustee, custodian or other similar official by a supervisory authority or regulator under or based on the law in the country where such Lender is subject to home jurisdiction supervision if applicable
law requires that such appointment is not to be publicly disclosed. 
 “United States” shall mean the United States of
America. 
 “U.S. Tax Compliance Certificate” shall have the meaning set forth in Section 3.11(h). 

“USA PATRIOT Act” shall mean the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism Act of 2001. 
 “Value” shall mean, with respect to a Sale and Leaseback Transaction, an amount equal to
the present value of the lease payments with respect to the term of the lease (reduced by the amount of rental obligations of any sublessee of all or part of the same property) remaining on the date as of which the amount is being determined,
without regard to any renewal or extension options contained in the lease, discounted at an interest rate determined by the Borrower at the time of the consummation of such Sale and Leaseback Transaction as long as such interest rate is customary
for leases of such type. 
 “Voting Stock” shall mean, as applied to the Capital Stock of any Person, Capital Stock of any
class or classes (however designated) having by the terms thereof ordinary voting power to elect a majority of the members of the board of directors (or other governing body) of such Person other than Capital Stock having such power only by reason
of the happening of a contingency. 
 “Wholly Owned Subsidiary” of any Person shall mean a subsidiary of such Person of
which Capital Stock (except for directors’ qualifying shares) representing 100% of the equity is, at the time any determination is being made, owned 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. 
 “Write-Down and Conversion Powers” shall mean (a) with
respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which
write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the 

  
 26 

 
Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which
that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or
to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers. 

SECTION 1.02.    Classification of Loans and Borrowings. For purposes of this Agreement, Loans may be classified
and referred to by Type (e.g., a “LIBOR Loan”). Borrowings also may be classified and referred to by Type (e.g., a “LIBOR Borrowing”). 

SECTION 1.03.    Terms Generally. The definitions of terms herein shall apply equally to the singular and plural
forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be
followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. The words “asset” and “property” shall be construed to have
the same meaning and effect and to refer to any and all real and personal, tangible and intangible assets and properties, including cash, securities, accounts and contract rights. The word “law” shall be construed as referring to all
statutes, rules, regulations, codes and other laws (including official rulings and interpretations thereunder having the force of law or with which affected Persons customarily comply), and all judgments, orders, writs and decrees, of all
Governmental Authorities. Except as otherwise expressly provided herein and unless the context requires otherwise, (a) any definition of or reference to any agreement, instrument or other document (including this Agreement and the other Loan
Documents) shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth
herein), (b) any definition of or reference to any statute, rule or regulation shall be construed as referring thereto as from time to time amended, supplemented or otherwise modified (including by succession of comparable successor laws), (c) any
reference herein to any Person shall be construed to include such Person’s successors and assigns (subject to any restrictions on assignment set forth herein) and, in the case of any Governmental Authority, any other Governmental Authority that
shall have succeeded to any or all functions thereof, (d) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any
particular provision hereof and (e) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement. 

SECTION 1.04.    Accounting Terms; GAAP. Except as otherwise expressly provided herein, all terms of an accounting
or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided that if the Borrower notifies the Administrative Agent that the Borrower wishes to amend any covenant in Article VII or any
related definition or other financial term used herein to eliminate the effect of any change in GAAP or in the application thereof occurring after the Effective Date on the operation of such covenant (or if the Administrative Agent notifies the
Borrower that the Required Lenders wish to amend Article VII or any related definition or other financial term used herein for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the
application thereof, then the Borrower’s compliance with such covenant shall be determined on the basis of GAAP in 

  
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effect immediately before the relevant change in GAAP or in the application thereof became effective, until either such notice is withdrawn or such covenant is amended in a manner satisfactory to
the Borrower and the Required Lenders. Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made,
without giving effect to (a) any election under Financial Accounting Standards Board Accounting Standards Codification 825 (or any other Accounting Standards Codification having a similar result or effect) (and related interpretations) to value
any Debt of the Borrower or any Subsidiary at “fair value”, as defined therein, (b) any change in accounting for leases pursuant to GAAP resulting from the implementation of Financial Accounting Standards Board ASU No. 2016-02, Leases (Topic 842), to the extent such implementation would require recognition of a lease liability where such lease (or similar arrangement) would not have required a lease liability under GAAP
as in effect on December 31, 2015, (c) any treatment of Debt in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or
Financial Accounting Standard having a similar result or effect) (and related interpretations) to value any such Debt in a reduced or bifurcated manner as described therein, and such Debt shall at all times be valued at the full stated principal
amount thereof, and (d) any valuation of Debt below its full stated principal amount as a result of application of Financial Accounting Standards Board Accounting Standards Update No. 2015-03, it
being agreed that Debt shall at all times be valued at the full stated principal amount thereof. 
 SECTION
1.05.    Interest Rates; LIBOR Notification. The interest rate on a Loan may be derived from an interest rate benchmark that is, or may in the future become, the subject of regulatory reform.
Regulators have signaled the need to use alternative benchmark reference rates for some of these interest rate benchmarks and, as a result, such interest rate benchmarks may cease to comply with applicable laws and regulations, may be permanently
discontinued, and/or the basis on which they are calculated may change. The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings from each other in the London interbank market.
On March 5, 2021, the U.K. Financial Conduct Authority (“FCA”) publicly announced that: (a) immediately after December 31, 2021, publication of the 1-week and 2-month Dollar London interbank offered rate settings will permanently cease; immediately after June 30, 2023, publication of the overnight and 12-month Dollar London
interbank offered rate settings will permanently cease; and immediately after June 30, 2023, the 1-month, 3-month and
6-month Dollar London interbank offered rate settings will cease to be provided or, subject to the FCA’s consideration of the case, be provided on a changed methodology (or “synthetic”) basis
and no longer be representative of the underlying market and economic reality they are intended to measure and that representativeness will not be restored. There is no assurance that dates announced by the FCA will not change or that the
administrator of the London interbank offered rate and/or regulators will not take further action that could impact the availability, composition, or characteristics of the London interbank offered rate or the currencies and/or tenors for which the
London interbank offered rate is published. Each party to this Agreement should consult its own advisors to stay informed of any such developments. Public and private sector industry initiatives are currently underway to identify new or alternative
reference rates to be used in place of the London interbank offered rate. Upon the occurrence of a Benchmark Transition Event, a Term SOFR Transition Event, an Early Opt-in Election or an Other Benchmark Rate
Election, Section 3.08(b) provides a mechanism for determining an alternative rate of interest. The Administrative Agent will promptly notify the 

  
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Borrower, pursuant to Section 3.08(b)(iv), of any change to the reference rate upon which the interest rate on LIBOR Loans is based. However, the Administrative Agent does not warrant or
accept any responsibility for, and shall not have any liability with respect to, the administration, submission, performance or any other matter related to the London interbank offered rate or other rates in the definition of “LIBO Rate”
or with respect to any alternative or successor rate thereto, or replacement rate thereof (including, without limitation, (i) any such alternative, successor or replacement rate implemented pursuant to Section 3.08(b), whether upon the
occurrence of a Benchmark Transition Event, a Term SOFR Transition Event, an Early Opt-in Election or an Other Benchmark Rate Election, and (ii) the implementation of any Benchmark Replacement Conforming
Changes pursuant to Section 3.08(b)(iii)), including, without limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate will be similar to, or produce the same value or economic
equivalence of the LIBO Rate or have the same volume or liquidity as did the LIBO Rate prior to its discontinuance or unavailability. The Administrative Agent and its Affiliates and/or other related entities may engage in transactions that affect
the calculation of any alternative, successor or alternative rate (including any Benchmark Replacement) and/or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower. The Administrative Agent may select information
sources or services in its reasonable discretion to ascertain the LIBO Rate, any component thereof, or rates referenced in the definition thereof, in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrower, any
Lender or any other Person for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any
error or calculation of any such rate (or component thereof) provided by any such information source or service. 
 SECTION
1.06.    Blocking Regulation. In relation to any Lender that is subject to the regulations referred to below (each, a “Restricted Lender”), any representation, warranty or covenant set forth herein that
refers to Sanctions (each, a “Specified Provision”) shall only apply for the benefit of such Restricted Lender to the extent that such Specified Provision would not result in a violation of, conflict with or liability under Council
Regulation (EC) 2271/96 (or any law implementing such regulation in any member state of the European Union) or any similar blocking or anti-boycott law in Germany (including, in the case of Germany, section 7 foreign trade rules
(Außenwirtschaftsverordnung – AWV) in connection with section 4 paragraph 1 foreign trade law (Außenwirtschaftsgesetz – AWG)) or in the United Kingdom (the “Mandatory
Restrictions”). In the event of any consent or direction by Lenders in respect of any Specified Provision of which a Restricted Lender does not have the benefit due to a Mandatory Restriction, then, notwithstanding anything to the contrary
in the definition of Required Lenders, for so long as such Restricted Lender shall be subject to a Mandatory Restriction, the Commitment and the Revolving Credit Exposure of such Restricted Lender will be disregarded for the purpose of determining
whether the requisite consent of the Lenders has been obtained or direction by the requisite Lenders has been made, it being agreed, however, that, unless, in connection with any such determination, the Administrative Agent shall have received
written notice from any Lender stating that such Lender is a Restricted Lender with respect thereto, each Lender shall be presumed, in connection with such determination, not to be a Restricted Lender. 

SECTION 1.07.    Divisions.    For all purposes under the Loan Documents, in connection with
any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person 

  
 29 

 
becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any
new Person comes into existence, such new Person shall be deemed to have been organized and acquired on the first date of its existence by the holders of its Capital Stock at such time. 

ARTICLE II 
 Amount and Terms
of the Commitments 
 SECTION 2.01.    Commitments. Subject to the terms and conditions set forth herein,
each Lender agrees to make revolving loans (each, a “Loan”) to the Borrower from time to time during the Revolving Availability Period in Dollars in an aggregate principal amount that will not result in (a) such Lender’s
Revolving Credit Exposure exceeding such Lender’s Commitment or (b) the sum of the total Revolving Credit Exposures of all of the Lenders exceeding the Aggregate Commitments. Within the foregoing limits and subject to the terms and
conditions set forth herein, the Borrower may borrow, prepay and reborrow Loans. Loans may be ABR Loans or LIBOR Loans, as further provided herein. 

SECTION 2.02.    Loans and Borrowings. 

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

(c)    Subject to Section 3.08, each Borrowing shall be comprised entirely of ABR Loans or LIBOR
Loans, as the Borrower may request in accordance herewith. Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall
not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. 

(d)    At the commencement of each Interest Period for any LIBOR Borrowing, such Borrowing shall be in an aggregate amount
that is an integral multiple of $1,000,000 and not less than $5,000,000; provided that any LIBOR Borrowing that results from a continuation of an outstanding Borrowing may be in an aggregate amount that is equal to such outstanding Borrowing.
At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to
the entire unused balance of the Aggregate Commitments. Borrowings of more than one Type may be outstanding at the same time; provided that there shall not at any time be more than a total of 10 Borrowings outstanding. 

(e)    Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect
to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date. 

  
 30 

 SECTION 2.03.    Requests for Borrowings. To request a Borrowing,
the Borrower shall deliver to the Administrative Agent a duly completed Borrowing Request (a) in the case of a LIBOR Borrowing, not later than 12:00 noon, New York City time, three Business Days before the date of the proposed Borrowing, and
(b) in the case of an ABR Borrowing, not later than 12:00 noon, New York City time, on the date of the proposed Borrowing. Each Borrowing Request shall be irrevocable and shall specify the following information in compliance with
Section 2.02: 
 (i)    the aggregate amount of the requested Borrowing; 

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

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

(iv)    in the case of a LIBOR Borrowing, the initial Interest Period to be applicable thereto, which shall
be a period contemplated by the definition of the term “Interest Period”; and 
 (v)    the
location and number of the account of the Borrower to which funds are to be disbursed, which shall comply with the requirements of Section 3.01. 

If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period is specified with
respect to any requested LIBOR Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section, the Administrative Agent
shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing. 

ARTICLE III 
 General
Provisions Applicable to Loans 
 SECTION 3.01.    Funding of Borrowings. 

(a)    Each Lender shall make the amount of each Loan to be made by it hereunder on the proposed date thereof by wire
transfer of immediately available funds, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, by 2:00 p.m., New York City time. The Administrative Agent will make Loans available to the
Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent (or such other account as may be designated by the Borrower in the applicable Borrowing Request). If a
Borrowing shall not occur on such date because any condition precedent herein specified shall not have been met, the Administrative Agent shall return the amounts so received to the Lenders. 

(b)    Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any
Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may 

  
 31 

 
assume that such Lender has made such share available on such date in accordance with Section 3.01(a) and may, in reliance upon such assumption, make available to the
Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative
Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the
case of such Lender, the greater of the NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, or (ii) in the case of the Borrower, the interest rate on the applicable
Borrowing; provided that no repayment by the Borrower pursuant to this sentence shall be deemed to be a prepayment for purposes of Section 3.10. If such Lender pays such amount to the Administrative Agent, then such
amount shall constitute such Lender’s Loan included in such Borrowing. If the Borrower and such Lender shall both pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit
to the Borrower the amount of such interest paid by the Borrower for such period. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the
Administrative Agent. 
 SECTION 3.02.    Interest Elections. 

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

(b)    To make an election pursuant to this Section, the Borrower shall deliver to the Administrative Agent a duly
completed Interest Election Request by the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective
date of such election. 
 (c)    Each Interest Election Request shall be irrevocable and shall specify the following
information in compliance with Section 2.03: 
 (i)    the Borrowing to which
such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant
to clauses (iii) and (iv) below shall be specified for each resulting Borrowing); 

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

  
 32 

 (iii)    whether the resulting Borrowing is to be an ABR
Borrowing or a LIBOR Borrowing; and 
 (iv)    if the resulting Borrowing is a LIBOR Borrowing, the
Interest Period to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”. 

If any such Interest Election Request requests a LIBOR Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to
have selected an Interest Period of one month’s duration. Notwithstanding any other provision of this Section, the Borrower shall not be permitted to elect an Interest Period that does not comply with Section 2.02(e).

 (d)    Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender
of the details thereof and of such Lender’s portion of each resulting Borrowing. 
 (e)    If the Borrower fails to
deliver a timely Interest Election Request with respect to a LIBOR Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing
shall be converted to an ABR Borrowing. 
 SECTION 3.03.    Termination and Reduction of Aggregate Commitments.

 (a)    Unless previously terminated, the Aggregate Commitments shall terminate on the Commitment Termination Date.

 (b)    The Borrower may at any time terminate, or from time to time reduce, the Aggregate Commitments;
provided that (i) each reduction of the Aggregate Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $3,000,000 (except, in each case, as otherwise may be agreed by the Administrative Agent)
and (ii) the Borrower shall not terminate or reduce the Aggregate Commitments if, after giving effect to any concurrent prepayment of the Loans, the sum of the total Revolving Credit Exposures of all of the Lenders would exceed the Aggregate
Commitments. 
 (c)    The Borrower shall notify the Administrative Agent of any election to terminate or reduce the
Aggregate Commitments under Section 3.03(b) at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of
any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination of the Aggregate Commitments
delivered by the Borrower may state that such notice is conditioned upon the occurrence of one or more events specified therein, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the
specified effective date) if such condition is not satisfied. Any termination or reduction of the Aggregate Commitments shall be permanent. Each reduction of the Aggregate Commitments shall be made ratably among the Lenders in accordance with their
respective Commitments. All fees in respect of the Aggregate Commitments accrued until the effective date of any termination or reduction of the Aggregate Commitments shall be paid on the effective date of such termination or reduction. 

  
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 SECTION 3.04.    Repayment of Loans; Evidence of Debt. 

(a)    The Borrower hereby unconditionally promises to pay to the Administrative Agent, for the account of each Lender, on
the Maturity Date the then unpaid principal amount of the Loans made by such Lender. 
 (b)    Each Lender shall
maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such
Lender from time to time hereunder. 
 (c)    The Administrative Agent shall maintain a Register pursuant to
Section 10.04(d) and an account for each Lender in which it shall record (i) the amount of each Loan made hereunder and any promissory note evidencing such Loan, the Type thereof and the Interest Period applicable
thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder for the account of
the Lenders and each Lender’s share thereof. 
 (d)    The entries made in the Register and the accounts of each
Lender maintained pursuant to Section 3.04(b) shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the Administrative Agent
to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay the Loans in accordance with the terms of this Agreement. 

(e)    Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, the Borrower shall
prepare, execute and deliver to such Lender a promissory note payable to such Lender and in a form approved by the Administrative Agent. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after
assignment pursuant to Section 10.04) be represented by one or more promissory notes in such form payable to such payee and its assigns. 

SECTION 3.05.    Prepayment of Loans. 

(a)    Voluntary. The Borrower shall have the right at any time and from time to time to prepay any Borrowing in
whole or in part and without premium or penalty (other than amounts required to be paid in accordance with Section 3.10), subject to prior notice in accordance with Section 3.05(c). 

(b)    Mandatory. If for any reason the sum of the total Revolving Credit Exposures of all of the Lenders exceeds
the Aggregate Commitments then in effect, the Borrower shall, as soon as practicable but in no event later than three Business Days after the earlier of (i) the date on which the Borrower learns thereof and (ii) the date on which the
Administrative Agent so requests in writing, prepay the Loans outstanding at such time in an aggregate principal amount equal to the amount of the excess over the Aggregate Commitments. 

(c)    Notice of Prepayment. The Borrower shall notify the Administrative Agent by telephone (confirmed by e-mail) of any prepayment hereunder (i) in the case of prepayment of 

  
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a LIBOR Borrowing, not later than 12:00 noon, New York City time, three Business Days before the date of prepayment, and (ii) in the case of prepayment of an ABR Borrowing, not later than
12:00 noon, New York City time, one Business Day before the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid; provided
that a notice of optional prepayment of any Borrowing may state that such notice is conditioned upon the occurrence of one or more events specified therein, in which case such notice may be revoked by the Borrower (by notice to the Administrative
Agent on or prior to the specified date of prepayment) if such condition is not satisfied. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial
prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02, except as necessary to apply fully the required amount of a
mandatory prepayment. 
 (d)    Application of Prepayments. Prepayments will be applied first to ABR Borrowings
and then to LIBOR Borrowings in direct order of Interest Period maturities. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent
required by Section 3.07. 
 (e)    Records. The Borrower will use reasonable efforts
to implement and maintain internal controls to monitor the Borrowings and repayments, with the object of preventing any request for a Borrowing that would cause conditions specified in the first sentence of Section 2.01 not
to be satisfied. 
 SECTION 3.06.    Fees. 

(a)    The Borrower agrees to pay to the Administrative Agent for the account of each Lender a facility fee, which shall
accrue at the facility fee rate per annum determined pursuant to the Pricing Grid, on the daily amount of the Commitment of such Lender (whether used or unused) during the period from and including the Effective Date to but excluding the date on
which such Commitment terminates; provided that if a Lender continues to have any Revolving Credit Exposure after its Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such Lender’s Revolving
Credit Exposure from and including the date on which its Commitment terminates to but excluding the date on which such Lender ceases to have any Revolving Credit Exposure. Accrued facility fees shall be payable in arrears on the last day of March,
June, September and December of each year and on the date on which the Commitment terminates, commencing on the first such date to occur after the Effective Date; provided that any facility fees accruing on the Revolving Credit Exposure after
the date on which a Commitment terminates shall be payable on demand. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last
day). 
 (b)    The Borrower agrees to pay to the Administrative Agent, for its own account, fees in the amounts and at
the times separately agreed upon between the Borrower and the Administrative Agent. Such fees shall be fully earned when paid. 

  
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 (c)    If the Borrower exercises the
Term-Out Option under Section 3.15, the Borrower agrees to pay to the Administrative Agent, in Dollars, for the account of each Lender, on the Commitment Termination Date, a term out fee (a “Term-Out Fee”) equal to 1.00% of the aggregate principal amount of such Lender’s outstanding Loans that are not repaid on such date. 

(d)    All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative
Agent for distribution, in the case of facility fees and the Term-Out Fees, to the Lenders entitled thereto. Fees paid shall not be refundable under any circumstances. 

SECTION 3.07.    Interest. 

(a)    The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable
Margin. 
 (b)    The Loans comprising each LIBOR Borrowing shall bear interest at the LIBO Rate for the Interest Period
in effect for such Borrowing plus the Applicable Margin. 
 (c)    Notwithstanding the foregoing, if any
principal of or interest on any Loan or any fee or other amount payable by the Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before
judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2.0% plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section or (ii) in the case of any other
amount, 2.0% plus the rate applicable to ABR Loans as provided in Section 3.07(a). 

(d)    Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and upon
termination of the Aggregate Commitments; provided that (i) interest accrued pursuant to Section 3.07(c) shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than
a prepayment of an ABR Loan prior to the end of the Revolving Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion
of any LIBOR Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. 

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

  
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 SECTION 3.08.    Alternate Rate of Interest. 

(a)    Subject to Section 3.08(b), if prior to the commencement of any Interest Period for any LIBOR Borrowing: 

(i)     the Administrative Agent determines (which determination shall be made in good faith and shall be
conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate for such Interest Period (including because the Screen Rate is not available or published on a current basis); or 

(ii)    the Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate for such
Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining the Loans included in such Borrowing for such Interest Period; 

then the Administrative Agent shall give notice thereof (which may be by telephone) to the Borrower and the Lenders as promptly as practicable
and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (A) any Interest Election Request that requests the conversion of any Borrowing to, or continuation of
any Borrowing as, an affected LIBOR Borrowing shall be ineffective, (B) any affected LIBOR Borrowing that is requested to be continued shall, unless repaid, be continued as an ABR Borrowing and (C) any Borrowing Request for an affected
LIBOR Borrowing shall be deemed to be a request for an ABR Borrowing. 
 (b)    (i) Notwithstanding anything to the
contrary herein or in any other Loan Document, if a Benchmark Transition Event, an Early Opt-in Election or an Other Benchmark Rate Election, as applicable, and its related Benchmark Replacement Date have
occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then (x) if a Benchmark Replacement is determined in accordance with clause (1) or (2) of the definition of “Benchmark Replacement” for
such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any other Loan Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or
further action or consent of any other party to, this Agreement or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with clause (3) of the definition of “Benchmark Replacement” for such
Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any other Loan Document in respect of any Benchmark setting at or after 5:00 p.m., New York City time, on the fifth Business Day
after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not
received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders. 

(ii)    Notwithstanding anything to the contrary herein or in any other Loan Document and subject to the
proviso below in this paragraph, if a Term SOFR Transition Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then the applicable Benchmark Replacement
will replace the then-current Benchmark for all purposes hereunder or under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings, without any amendment to, or further action or consent of any other party to, this
Agreement or any other Loan Document; provided that this clause 

  
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(ii) shall not be effective unless the Administrative Agent has delivered to the Lenders and the Borrower a Term SOFR Notice. For the avoidance of doubt, the Administrative Agent shall not be
required to deliver a Term SOFR Notice after a Term SOFR Transition Event and may do so in its sole discretion. 

(iii)    In connection with the implementation of a Benchmark Replacement, the Administrative Agent will
have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will
become effective without any further action or consent of any other party to this Agreement or any other Loan Document. 

(iv)    The Administrative Agent will promptly notify the Borrower and the Lenders of (A) any
occurrence of a Benchmark Transition Event, an Early Opt-in Election or an Other Benchmark Rate Election, as applicable, (B) the implementation of any Benchmark Replacement, (C) the effectiveness of
any Benchmark Replacement Conforming Changes, (D) the removal or reinstatement of any tenor of a Benchmark pursuant to clause (v) below and (E) the commencement or conclusion of any Benchmark Unavailability Period. Any determination,
decision or election that may be made by the Administrative Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 3.08, including any determination with respect to a tenor, rate or adjustment or of the occurrence or
non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its or
their sole discretion and without consent from any other party to this Agreement or any other Loan Document, except, in each case, as expressly required pursuant to this Section 3.08. 

(v)    Notwithstanding anything to the contrary herein or in any other Loan Document, at any time
(including in connection with the implementation of a Benchmark Replacement), (A) if the then-current Benchmark is a term rate (including Term SOFR or LIBO Rate) and either (1) any tenor for such Benchmark is not displayed on a screen or other
information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion or (2) the regulatory supervisor for the administrator of such Benchmark has provided a public statement or
publication of information announcing that any tenor for such Benchmark is or will be no longer representative, then the Administrative Agent may modify the definition of “Interest Period” for any Benchmark settings at or after such time
to remove such unavailable or non-representative tenor and (B) if a tenor that was removed pursuant to clause (A) above either (1) is subsequently displayed on a screen or information service
for a Benchmark (including a Benchmark Replacement) or (2) is not, or is no longer, subject to an announcement that it is or will no longer be representative for a Benchmark (including a Benchmark Replacement), then the Administrative Agent may
modify the definition of “Interest Period” for all Benchmark settings at or after such time to reinstate such previously removed tenor. 

(vi)    Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability
Period, the Borrower may revoke any request for a borrowing 

  
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of, conversion to or continuation of LIBOR Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any
such request into a request for a borrowing of or conversion to ABR Loans. During any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of Alternate Base Rate based
upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will be deemed to be zero. 
 SECTION
3.09.    Increased Costs. 
 (a)    If any Change in Law shall: 

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

(ii)    impose on any Lender or the London interbank market any other condition, cost or expense (other
than Taxes) affecting this Agreement or Loans made by such Lender; or 
 (iii)    subject any Recipient
to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (c) of the definition of the term “Excluded Taxes” and (C) Connection Income Taxes) on its loans, loan principal,
letters of credit, commitments or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; 
 and the result of any
of the foregoing shall be to increase the cost to such Lender or other Recipient of making or maintaining any Loan (or of maintaining its obligation to make any Loan) by an amount deemed by such Lender or other Recipient to be material or to reduce
the amount of any sum received or receivable by such Lender or other Recipient hereunder (whether of principal, interest or otherwise) by an amount deemed by such Lender or other Recipient to be material, then the Borrower will pay to such Lender or
other Recipient such additional amount or amounts as will compensate such Lender or other Recipient for such additional costs actually incurred or reduction actually suffered. 

(b)    If any Lender determines that any Change in Law affecting such Lender or any lending office of such Lender or such
Lender’s holding company, if any, regarding capital or liquidity requirements has had or would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if any, as a
consequence of this Agreement or the Loans held by such Lender to a level below that which such Lender or such Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s policies and
the policies of such Lender’s holding company with respect to capital adequacy and liquidity) by an amount deemed by such Lender to be material, then from time to time the Borrower will pay to such Lender such additional amount or amounts as
will compensate such Lender or such Lender’s holding company for any such reduction suffered. 

  
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 (c)    A certificate of a Lender or other Recipient setting forth the
amount or amounts necessary to compensate such Lender or other Recipient as specified in Section 3.09(a) or 3.09(b), and setting forth in reasonable detail the manner in which such amount or amounts shall have been
determined, shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender or other Recipient the amount shown as due on any such certificate within 10 days after receipt thereof. 

(d)    Failure or delay on the part of any Lender or other Recipient to demand compensation pursuant to this Section shall
not constitute a waiver of such Lender’s or other Recipient’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender or other Recipient pursuant to this Section for any increased
costs or reductions incurred more than 90 days prior to the date that such Lender or other Recipient notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or other Recipient’s
intention to claim compensation therefor; provided further that if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 90-day period referred to above shall be
extended to include the period of retroactive effect thereof. 
 SECTION 3.10.    Break Funding Payments.
In the event of (a) the payment or prepayment of any principal of any LIBOR Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any LIBOR Loan other than
on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked under
Section 3.05(c) and is revoked in accordance therewith) or (d) the assignment of any LIBOR Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Borrower pursuant to
Section 3.13, then, in any such event, the Borrower shall compensate each Lender for the out-of-pocket loss, cost and expense attributable to
such event. In the case of a LIBOR Loan, such loss, cost or expense to any Lender shall be deemed to include an amount determined by such Lender to be the present value of the excess, if any, of (i) its cost of obtaining the funds for the
applicable Loan (assumed to be the LIBO Rate applicable thereto) for the period from the date of such applicable event to the last day of the Interest Period for such Loan (or, in the case of a failure to borrow, convert or continue, the Interest
Period for such Loan which would have commenced on the date of such failure) over (ii) the amount of interest (as reasonably determined by such Lender) that would be realized by such Lender in reemploying such funds for such period or
Interest Period, as the case may be. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section and setting forth in reasonable detail the manner in which such amount or amounts
shall have been determined shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 

SECTION 3.11.    Taxes. 

(a)    Any and all payments to the Lenders or the Administrative Agent hereunder by the Borrower or on behalf of the
Borrower shall be made free and clear of and without deduction 

  
 40 

 
for any and all current or future Taxes, except as required by applicable law. If under any applicable law the Borrower shall be required to deduct any Indemnified Tax from or in respect of any
sum payable hereunder to any Recipient, (i) the sum payable shall be increased by the amount (an “Additional Amount”) necessary so that after making all required deductions (including deductions applicable to Additional Amounts
payable under this Section 3.11) such Recipient shall receive an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower
shall pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law. 

(b)    In addition, the Borrower shall pay to the relevant Governmental Authority in accordance with applicable law any
Other Taxes. 
 (c)    The Borrower shall indemnify each Lender (or Participant) and the Administrative Agent for the
full amount of Indemnified Taxes paid by such Lender (or Participant) or the Administrative Agent and any liability (including penalties, interest and expenses (including reasonable attorney’s fees and expenses)) arising therefrom or with
respect thereto, whether or not such Indemnified Taxes were correctly or legally asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability prepared by a Lender, or by the Administrative Agent on its
own behalf or on behalf of a Lender, and setting forth in reasonable detail the manner in which such amount shall have been determined, absent manifest error, shall be final, conclusive and binding for all purposes. Such indemnification shall be
made within 30 days after the date such Lender or the Administrative Agent, as the case may be, makes written demand therefor, which written demand shall be made within 60 days of the date such Lender or the Administrative Agent receives written
demand for payment of such Indemnified Taxes from the relevant Governmental Authority. 
 (d)    Each Lender shall
severally indemnify the Administrative Agent, within 30 days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that the Borrower has not already indemnified the Administrative Agent for
such Indemnified Taxes and without limiting the obligation of the Borrower to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 10.04(g) relating to the maintenance
of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with
respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent, absent
manifest error, shall be final, conclusive and binding for all purposes. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by
the Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this paragraph (d). 

(e)    If a Lender (or Participant) or the Administrative Agent receives a refund, which in its reasonable judgment is in
respect of any Indemnified Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid Additional Amounts pursuant to this Section 3.11, it shall within 30 days from the date of
such receipt pay over such refund to the Borrower (but only to the extent of indemnity payments made, or Additional Amounts 

  
 41 

 
paid, by the Borrower under this Section 3.11 with respect to the Indemnified Taxes giving rise to such refund), net of all out-of-pocket expenses of such Lender (or Participant) or the Administrative Agent and without interest (other than interest paid by the relevant Governmental Authority with respect to such refund);
provided that the Borrower, upon the request of such Lender (or Participant) or the Administrative Agent, agrees to repay the amount paid over to the Borrower (plus penalties, interest or other charges) to such Lender (or Participant) or the
Administrative Agent in the event such Lender (or Participant) or the Administrative Agent is required to repay such refund to such Governmental Authority. 

(f)    As soon as practicable after the date of any payment of Indemnified Taxes by the Borrower to the relevant
Governmental Authority, the Borrower will deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing payment thereof. 

(g)    Without prejudice to the survival of any other agreement contained herein, the agreements and obligations contained
in this Section 3.11 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment,
satisfaction or discharge in full of all obligations under any Loan Document. 
 (h)    Each Lender (or Participant)
that is not a United States person as defined in Section 7701(a)(30) of the Code (a “Non-U.S. Lender”) shall deliver to the Borrower and the Administrative Agent, at the time or times
reasonably requested by the Borrower or the Administrative Agent, two copies of (i) in the case of a Non-U.S. Lender claiming the benefits of an income tax treaty to which the United States is a party
(x) with respect to payments of interest under this Agreement or any other Loan Document, executed originals of IRS Form W-8BEN or IRS Form
W-8BEN-E, as applicable, establishing an exemption from, or reduction of, U.S. Federal withholding Tax pursuant to the “interest” article of such tax treaty
and (y) with respect to any other applicable payments under this Agreement or any other Loan Document, IRS Form W-8BEN or IRS Form
W-8BEN-E, as applicable, establishing an exemption from, or reduction of, U.S. Federal withholding Tax pursuant to the “business profits” or “other
income” article of such tax treaty, (ii) an IRS Form W-8ECI, (iii) in the case of a Non-U.S. Lender claiming exemption from U.S. Federal withholding tax
under Section 871(h) or 881(c) of the Code with respect to payments of “portfolio interest,” (x) a certificate substantially in the form of Exhibit D-1 to the effect that such Non-U.S. Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning of Section 871(h)(3)(B) of the
Code or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed originals of IRS Form W-8BEN
or IRS Form W-8BEN-E, as applicable, or (iv) to the extent a Non-U.S. Lender is not the beneficial owner, executed originals
of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, a U.S. Tax Compliance Certificate substantially in the form of Exhibit D-2 or Exhibit
D-3, IRS Form W-9 and/or another certification documents from each beneficial owner, as applicable; provided that if the
Non-U.S. Lender is a partnership and one or more direct or indirect partners of such Non-U.S. Lender are claiming the portfolio interest exemption, such Non-U.S. Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit D-4 on behalf of each such direct or indirect partner, in each case,
properly completed and duly executed by such Non-U.S. Lender claiming complete exemption from, or 

  
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reduced rate of, U.S. Federal withholding tax on payments by the Borrower under this Agreement. Each Lender (or Participant) that is a United States person as defined in Section 7701(a)(30)
of the Code shall deliver to the Borrower and the Administrative Agent two copies of IRS Form W-9, or any subsequent or substitute versions thereof or successors thereto, certifying that such Lender (or
Participant) is entitled to a complete exemption from U.S. Federal backup withholding tax on payments made pursuant to this Agreement. Such forms shall be delivered by each Lender on or before the date it becomes a party to this Agreement (or, in
the case of a Participant, on or before the date such Participant becomes a Participant hereunder) and on or before the date, if any, such Lender changes its applicable lending office by designating a different lending office (a “New Lending
Office”), unless each of the applicable lending office prior to such designation and the New Lending Office are located within the United States. In addition, each Lender shall deliver such forms promptly upon the obsolescence or invalidity
of any form previously delivered by such Lender. Notwithstanding any other provision of this Section 3.11(h), a Lender (or Participant) shall not be required to deliver any form pursuant to this
Section 3.11(h) that such Lender (or Participant) is not legally able to deliver. 
 (i)    If
a payment made to a Lender under any Loan Document would be subject to U.S. Federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in
Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the
Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be
necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold
from such payment. Solely for purposes of this paragraph (i), “FATCA” shall include any amendments made to FATCA after the Effective Date. 

(j)    The Borrower shall not be required to indemnify any Lender (or Participant), or to pay any Additional Amounts to
any Lender (or Participant), in respect of any United States withholding Tax pursuant to paragraph (a) or (c) above to the extent that (i) the obligation to withhold amounts with respect to such withholding tax was in effect
and would apply to amounts payable to such Lender on the date such Lender became a party to this Agreement (or, in the case of a Participant, on the date such Participant became a Participant hereunder) or, with respect to payments to a New Lending
Office, the date such Lender designated such New Lending Office with respect to a Loan; provided that this clause (j) shall not apply to any Lender (or Participant) if the assignment, participation, transfer or designation of a
New Lending Office was made at the request of the Borrower; and provided further that this clause (j) shall not apply to the extent the indemnity payment or Additional Amounts any Lender (or Participant) would be entitled to
receive (without regard to this clause (j)) do not exceed the indemnity payment or Additional Amounts that the Lender (or Participant) making the assignment, participation, transfer or designation of such New Lending Office would have been
entitled to receive in the absence of such assignment, participation, transfer or designation, or (ii) the obligation to pay such Additional Amounts would not have arisen but for a failure by such Lender (or Participant) to comply with the
provisions of clause (h) or (i) of this Section 3.11. 

  
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 (k)    Nothing contained in this Section 3.11
shall require any Lender (or Participant) or the Administrative Agent to make available any of its Tax returns (or any other information that it deems to be confidential or proprietary). 

SECTION 3.12.    Payments Generally; Pro Rata Treatment; Sharing of Setoffs. 

(a)    The Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees, or
of amounts payable under Section 3.09, 3.10 or 3.11, or otherwise) prior to 3:00 p.m., New York City time, on the date when due, in immediately available funds, without setoff or counterclaim. Any amounts
received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the
Administrative Agent to such account or accounts as the Administrative Agent shall designate from time to time, except that payments pursuant to Section 3.09, 3.10, 3.11 and 10.05 shall be made directly
to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on
a day that is not a Business Day, the date for payment shall be extended, except as otherwise provided in the definition of the terms “Commitment Termination Date”, “Maturity Date” and “Interest Period”, to the next
succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder and under the other Loan Documents shall be made in Dollars. Any payment required
to be made by the Administrative Agent hereunder shall be deemed to have been made by the time required if the Administrative Agent shall, at or before such time, have taken the necessary steps to make such payment in accordance with the regulations
or operating procedures of the clearing or settlement system used by the Administrative Agent to make such payment. 

(b)    If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all
amounts of principal, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest
and fees then due to such parties, and (ii) second, towards payment of principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such parties. 

(c)    If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of
any principal of or interest on any of its Loans resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans and accrued interest thereon than the proportion received by any other Lender, then the Lender
receiving such greater proportion shall purchase (for cash at face value) participations in the Loans of such other Lenders to the extent necessary so that the benefit of all such payments shall be shared by such Lenders ratably in accordance with
the aggregate amount of principal of and accrued interest on their respective Loans; provided that: (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations
shall be rescinded and the purchase price restored to the extent of such recovery, without interest and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by

  
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the Borrower pursuant to and in accordance with the express terms of this Agreement (for the avoidance of doubt, as it may be amended from time to time) or any payment obtained by a Lender as
consideration for the assignment of or sale of a participation in any of its Loans to any assignee or participant, other than to the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply). The
Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of setoff and
counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. 

(d)    Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment
is due to the Administrative Agent for the account of any Lenders hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in
reliance upon such assumption, distribute to such Lenders the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders severally agrees to repay to the Administrative Agent forthwith on demand the amount
so distributed to such Lender with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent at the greater of the NYFRB Rate and a rate determined by
the Administrative Agent in accordance with banking industry rules on interbank compensation. 
 (e)    If any Lender
shall fail to make any payment required to be made by it pursuant to Section 3.01(b), 3.11(d), 3.11(e), 3.12(d) or Article IX, then the Administrative Agent may, in its discretion
(notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations
are fully paid. 
 SECTION 3.13.    Mitigation Obligations; Replacement of Lenders. 

(a)    If any Lender requests compensation under Section 3.09, or if the Borrower is required to
pay any Additional Amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.11, then such Lender shall use reasonable efforts to file any certificate or document requested by
the Borrower (consistent with legal and regulatory restrictions), to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or Affiliates,
if, in the judgment of such Lender, such filing, designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.09 or 3.11, as the case may be, in the future and (ii) would
not otherwise be disadvantageous to such Lender. 
 (b)    If (i) any Lender requests compensation under
Section 3.09, (ii) the Borrower is required to pay any Additional Amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.11, (iii) any Lender becomes
a Defaulting Lender, or (iv) any Lender refuses to consent to any amendment, waiver or other modification of this Agreement or any other Loan Document requested by the Borrower that requires the consent of a greater percentage of the Lenders
than the Required Lenders and such amendment, waiver or other modification is consented to by the Required Lenders, then, in each case, the Borrower may, 

  
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upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in
Section 10.04), all its interests, rights and obligations under this Agreement (other than its existing rights to payment pursuant to Sections 3.09 and 3.11) to an Eligible Assignee that shall assume such
obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that: (1) the Borrower shall have received the prior written consent of the Administrative Agent, which consent shall not unreasonably be
withheld, delayed or conditioned, (2) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder (including any
amounts under Section 3.10), from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts), (3) in the case of any such assignment resulting
from a claim for compensation under Section 3.09 or payments required to be made pursuant to Section 3.11, such Lender has declined or is unable to designate a different lending office in
accordance with Section 3.13(a) and such assignment will result in a reduction in such compensation or payments, and (4) in the case of any such assignment resulting from clause (iv) above, the assignee
provides its consent to such requested amendment, waiver, or other modification of this Agreement or such other Loan Document. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver or
consent by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation have ceased to apply. Each party hereto agrees that an assignment and delegation required pursuant to this paragraph may be
effected pursuant to an Assignment and Assumption executed by the Borrower, the Administrative Agent and the assignee and that the Lender required to make such assignment and delegation need not be a party thereto. 

SECTION 3.14.    Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Lender
becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender: 

(a)    facility fees shall cease to accrue on the unfunded portion of the Commitment of such Defaulting Lender pursuant to
Section 3.06(a); and 
 (b)    the Commitment and Revolving Credit Exposure of such Defaulting
Lender shall not be included in determining whether the Required Lenders or any other requisite Lenders have taken or may take any action hereunder or under any other Loan Document (including any consent to any amendment, waiver or other
modification pursuant to Section 10.07); provided that any amendment, waiver or other modification requiring the consent of all Lenders or all Lenders affected thereby shall, except as otherwise provided in
Section 10.07, require the consent of such Defaulting Lender in accordance with the terms hereof. 
 In the event
that the Administrative Agent and the Borrower agree that a Defaulting Lender has adequately remedied all matters that caused the applicable Lender to be a Defaulting Lender, then on such date such Lender shall purchase at par such of the Loans of
the other Lenders as the Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans in accordance with its Applicable Percentage, and such Lender shall thereupon cease to be a Defaulting Lender (but shall not
be entitled to receive any fees accrued during the period when it was a Defaulting Lender, and all amendments, waivers or other modifications effected without its consent in accordance with the provisions of Section 10.07
and this Section during such 

  
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period shall be binding on it). The rights and remedies against, and with respect to, a Defaulting Lender under this Section are in addition to, and cumulative and not in limitation of, all other
rights and remedies that the Administrative Agent, the Lenders, and the Borrower may at any time have against, or with respect to, such Defaulting Lender. 

SECTION 3.15.    Term-Out Option 

The Borrower may, by delivery of a notice to the Administrative Agent no later than 10:00 a.m., New York City time, on the Commitment
Termination Date, elect (such election, the “Term-Out Option”) to extend the Maturity Date to be the first anniversary of the Commitment Termination Date; provided that any such
extension of the Maturity Date shall be subject to the satisfaction of the conditions that (a) the representations and warranties of the Borrower set forth in the Loan Documents (other than the representations and warranties set forth in
Sections 4.05(b) and 4.06(a)) shall be true and correct in all material respects on and as of the Commitment Termination Date; provided that (i) to the extent such representations and warranties expressly relate to an
earlier date, they shall be true and correct in all material respects as of such earlier date and (ii) to the extent such representations and warranties are qualified by materiality, such representations and warranties shall be true and correct
in all respects, (b) no Default or Event of Default shall have occurred and be continuing on and as of the Commitment Termination Date, (c) the Borrower shall have delivered to the Administrative Agent a certificate confirming the
satisfaction of the conditions in the preceding clauses (a) and (b), dated the Commitment Termination Date and executed by a Financial Officer and (d) the Administrative Agent shall have received the
Term-Out Fees for the account of each Lender pursuant to Section 3.06(c). 
 ARTICLE IV 

Representations and Warranties 

The Borrower represents and warrants to each of the Lenders and the Administrative Agent that: 

SECTION 4.01.    Organization; Powers. The Borrower (a) is duly organized, validly existing and in good
standing under the laws of the jurisdiction of its organization, (b) has all requisite corporate power and authority to own its property and assets and to carry on its business as now conducted and as proposed to be conducted and (c) is
qualified to do business in every jurisdiction where such qualification is required, except where the failure so to qualify would not result in a Material Adverse Effect. The Borrower has the corporate power and authority to execute and deliver this
Agreement and each other Loan Document, to perform its obligations hereunder and thereunder and to borrow hereunder. 
 SECTION
4.02.    Authorization; No Conflicts. The Transactions (a) are within the Borrower’s corporate powers and have been duly authorized by all requisite corporate action and (b) do not (i) violate (A) any
provision of any law, statute, rule or regulation (including the Margin Regulations), (B) any provision of the certificate of incorporation or other constitutive documents or by-laws of the Borrower or
(C) any order of any Governmental Authority, (ii) conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under any indenture, agreement or other instrument to which the Borrower or any

  
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Subsidiary is a party or by which it or any of its property is or may be bound or (iii) result in the creation or imposition of any Lien upon any property or assets of the Borrower or any
Subsidiary, other than, in the case of clauses (i)(A), (i)(C), (ii) and (iii), any such violations, conflicts, breaches, defaults or Liens that, individually or in the aggregate, would not be reasonably expected to have a
Material Adverse Effect or, in the case of clause (i)(A), result in a violation of law by the Administrative Agent or any Lender. 

SECTION 4.03.    Enforceability. This Agreement has been duly executed and delivered by the Borrower and
constitutes, and each other Loan Document constitutes or, when executed and delivered, will constitute, a legal, valid and binding obligation of the Borrower, enforceable in accordance with its terms (subject, as to enforceability, to applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and to general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity)).

 SECTION 4.04.    Governmental Approvals. No action, consent or approval of, registration or filing with or
other action by any Governmental Authority is required in connection with the Transactions except such as have, or on or prior to the Effective Date will have, been obtained or made and are in full force and effect and except for those the failure
to obtain which could not reasonably be expected to have a Material Adverse Effect. 
 SECTION 4.05.    Financial
Statements; No Material Adverse Effect. 
 (a)    The Borrower has heretofore furnished to the Administrative Agent
and the Lenders (i) its consolidated balance sheet and statements of earnings, stockholders’ equity and cash flows as of and for the fiscal year ended December 31, 2020, reported on by PricewaterhouseCoopers LLP, independent
registered public accounting firm, and (ii) its unaudited consolidated balance sheets and statements of earnings, stockholders’ equity and cash flows as of and for the fiscal quarters and the portions of the fiscal year ended
March 31, 2021 and June 30, 2021. Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of the Borrower and its consolidated Subsidiaries as of such dates and
for such periods in accordance with GAAP, subject, in the case of such quarterly financial statements, to normal year-end adjustments and the absence of certain footnotes. 

(b)    Since December 31, 2020, there has been no material adverse effect on the business, operations, properties or
financial condition of the Borrower and its Subsidiaries, taken as a whole; provided that for purposes of determining the accuracy of the representation and warranty set forth in this Section 4.05(b) as of the
Effective Date, the impacts of the novel coronavirus COVID-19 pandemic on the business, operations or financial condition of the Borrower and its Subsidiaries, taken as a whole, that occurred prior to the
Effective Date, pursuant to the Memorandum to Lenders dated August 17, 2021 regarding Public Filings – COVID-19 Disclosures, and that were disclosed to the Lenders prior to the Effective Date will be
disregarded. 

  
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 SECTION 4.06.    Litigation, Compliance with Laws. 

(a)    There are no actions, proceedings or investigations filed or (to the knowledge of the Borrower) threatened against
the Borrower or any Subsidiary in any court or before any Governmental Authority or arbitration board or tribunal which question the validity or legality of this Agreement, the Transactions or any action taken or to be taken pursuant to this
Agreement and no order or judgment has been issued or entered restraining or enjoining the Borrower from the execution, delivery or performance of this Agreement or any other Loan Document nor is there any other action, proceeding or investigation
filed or (to the knowledge of the Borrower) threatened against the Borrower or any Subsidiary in any court or before any Governmental Authority or arbitration board or tribunal as to which there is a reasonable likelihood of an adverse determination
and that, if adversely determined, would be reasonably likely to result in a Material Adverse Effect. 
 (b)    Neither
the Borrower nor any Subsidiary is in violation of any law, rule or regulation, or in default with respect to any judgment, writ, injunction or decree of any Governmental Authority, where such violation or default would be reasonably likely to
result in a Material Adverse Effect. 
 SECTION 4.07.    Federal Reserve Regulations. No part of the proceeds of
any Loan will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, for any purpose which entails a violation of, or which is inconsistent with, the provisions of the Margin Regulations. 

SECTION 4.08.    Taxes. The Borrower and the Subsidiaries have filed or caused to be filed all Federal and material
state, local and foreign Tax returns which are required to be filed by them, and have paid or caused to be paid all material Taxes required to have been paid by them, other than (a) any Taxes or assessments the validity of which is being
contested in good faith by appropriate proceedings, and with respect to which appropriate accounting reserves have, to the extent required by GAAP, been set aside or (b) where such failure to file or pay could not reasonably be expected to
result in a Material Adverse Effect. 
 SECTION 4.09.    Employee Benefit Plans. The present aggregate value of
accumulated benefit obligations of each Plan and each foreign employee pension benefit plan required to be funded (based on those assumptions used for disclosure of such obligations in consolidated financial statements of the Borrower in accordance
with GAAP) did not, as of the most recent statements available, exceed the aggregate value of the assets for each Plan by an amount in the aggregate for all such Plans that would reasonably be expected to have a Material Adverse Effect. Except as
would not individually or in the aggregate be reasonably expected to have a Material Adverse Effect, (a) no ERISA Termination Event has occurred and (b) each Plan has been established and administered in accordance with its terms and in
compliance with the applicable provisions of ERISA, the Code and other applicable laws, rules and regulations. 
 SECTION
4.10.    Environmental and Safety Matters. Other than exceptions to any of the following that would not in the aggregate have a Material Adverse Effect: (a) the Borrower and the Subsidiaries comply and have complied
with all applicable Environmental and Safety Laws; (b) there are and have been no Hazardous Substances at any property owned, leased or operated by the Borrower or any Subsidiary now or in the past, or at any other location, that could
reasonably be expected to result in liability of the Borrower or any Subsidiary under any 

  
 49 

 
Environmental and Safety Law or result in costs to any of them arising out of any Environmental and Safety Law; (c) there are no past, present, or, to the knowledge of the Borrower and the
Subsidiaries, anticipated future events, conditions, circumstances, practices, plans, or legal requirements that could reasonably be expected to prevent the Borrower or any of the Subsidiaries from, or increase the costs to the Borrower or any of
the Subsidiaries of, complying with applicable Environmental and Safety Laws or obtaining or renewing all material permits, approvals, authorizations, licenses or permissions required of any of them pursuant to any such law; and (d) neither the
Borrower nor any of the Subsidiaries has retained, assumed or otherwise become subject to, by contract or operation of law, any liability, fixed or contingent, under any Environmental and Safety Law. 

SECTION 4.11.    Properties. 

(a)    Each of the Borrower and its Subsidiaries has good title to, or valid leasehold interests in, all its real and
personal properties that are material to the business of the Borrower and its Subsidiaries taken as a whole, except where the failure to have such title or interests, as applicable, could not reasonably be expected to result in a Material Adverse
Effect. 
 (b)    Each of the Borrower and its Subsidiaries owns, is licensed to use, or otherwise has the right to use,
all trademarks, tradenames, copyrights, patents and other intellectual properties that are material to the business of the Borrower and its Subsidiaries taken as a whole, and the use thereof by the Borrower and its Subsidiaries does not infringe
upon the rights of any other Person, except for any such infringements that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

SECTION 4.12.    Investment Company Status. The Borrower is not an “investment company” as defined in, or
subject to regulation under, the Investment Company Act of 1940. 
 SECTION 4.13.    Anti-Corruption Laws and
Sanctions. The Borrower has implemented and will maintain in effect policies and procedures reasonably designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, and employees with Anti-Corruption
Laws and applicable Sanctions, and the Borrower, its Subsidiaries and to the knowledge of the Borrower and its Subsidiaries, their respective directors, officers and employees are in compliance with Anti-Corruption Laws and applicable Sanctions in
all material respects. None of (a) the Borrower, any Subsidiary or to the knowledge of the Borrower, any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any agent of the Borrower or any
Subsidiary that will act in any capacity in connection with or benefit from the credit facilities established hereby, is a Sanctioned Person. The Transactions will not violate any Anti-Corruption Law or applicable Sanctions. 

  
 50 

 ARTICLE V 

Conditions 
 SECTION
5.01.    Effective Date. This Agreement shall become effective upon the satisfaction of the following conditions: 

(a)    The Administrative Agent (or its counsel) shall have received from each party hereto a counterpart of this
Agreement signed on behalf of such party (which, subject to Section 10.10(b), may include any Electronic Signatures transmitted by emailed .pdf or any other electronic means that reproduces an image of an actual executed
signature page of this Agreement). 
 (b)    The Administrative Agent shall have received such documents and
certificates as the Administrative Agent or its counsel may reasonably request relating to the organization, existence and good standing of the Borrower, the authorization of the Transactions and other legal matters relating to the Borrower, the
Loan Documents or the Transactions, all in form and substance reasonably satisfactory to the Administrative Agent. 

(c)    The representations and warranties of the Borrower set forth in the Loan Documents shall be true and correct in all
material respects on and as of the Effective Date; provided that (i) to the extent such representations and warranties expressly relate to an earlier date, they shall be true and correct in all material respects as of such earlier date,
and (ii) to the extent such representations and warranties are qualified by materiality, such representations and warranties shall be true and correct in all respects. As of the Effective Date and immediately after giving effect to the
Transactions to occur on the Effective Date, no Default shall have occurred and be continuing. The Administrative Agent shall have received a certificate signed by the President, a Vice President or a Financial Officer of the Borrower confirming the
foregoing. 
 (d)    The Administrative Agent shall have received all fees and other amounts due and payable on or prior
to the Effective Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses (including the reasonable fees and expenses of counsel
to the Administrative Agent) required to be reimbursed or paid by the Borrower hereunder. 
 (e)    The Administrative
Agent (or its counsel) shall have received a favorable written opinion (addressed to the Administrative Agent and the Lenders and dated the Effective Date) from Faegre Drinker Biddle & Reath LLP, counsel for the Borrower, covering such
matters relating to the Borrower and the Loan Documents as the Administrative Agent shall reasonably request. The Borrower hereby requests such counsel to deliver such opinion. 

(f)    The Administrative Agent and each Lender shall have received, to the extent requested by the Administrative Agent
or such Lender, all documentation and other information that the Administrative Agent or such Lender reasonably requests in order to comply with obligations under applicable “know your customer” and anti-money laundering rules and
regulations, including the USA PATRIOT Act and the Beneficial Ownership Regulation. 
 (g)    The Administrative Agent
shall have received satisfactory evidence that the commitments under the Existing 364-Day Credit Agreement have been terminated (or will be terminated substantially concurrently with the effectiveness of this
Agreement) and that all Debt and other amounts owing under or in connection with the Existing 364-Day Credit Agreement have been fully repaid (or will be fully repaid substantially concurrently with the
effectiveness of this Agreement). The Lenders party hereto, which constitute the “Required Lenders” under and as defined in the Existing 364-Day Credit Agreement, hereby waive the requirement under
the Existing 364-Day Credit Agreement that advance notice of such termination and repayment be given, it being agreed that such notice may be given on the Effective Date. 

  
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 SECTION 5.02.    Conditions to All Extensions of Credit. The
obligation of each Lender to make a Loan on the occasion of any Borrowing (other than a Borrowing made solely to refinance outstanding Borrowings that does not increase the aggregate principal amount of the Loans of any Lender outstanding) is
subject to the satisfaction of the following conditions: 
 (a)    The Administrative Agent shall have received a
Borrowing Request in accordance with Section 2.03. 
 (b)    The representations and
warranties of the Borrower set forth in the Loan Documents (other than, after the Effective Date, the representations and warranties set forth in Sections 4.05(b) and 4.06(a)) shall be true and correct in all material respects on and
as of the date of any such Borrowing; provided that (i) to the extent such representations and warranties expressly relate to an earlier date, they shall be true and correct in all material respects as of such earlier date and
(ii) to the extent such representations and warranties are qualified by materiality, such representations and warranties shall be true and correct in all respects. 

(c)    At the time of and immediately after giving effect to such Borrowing, no Default shall have occurred and be
continuing. 
 Each Borrowing (other than a Borrowing made solely to refinance outstanding Borrowings that does not increase the aggregate principal amount
of the Loans of any Lender outstanding) shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in Sections 5.02(b) and (c). 

ARTICLE VI 
 Affirmative
Covenants 
 The Borrower covenants and agrees with each Lender and the Administrative Agent that so long as this Agreement shall remain
in effect or the principal of or interest on any Loan, any fees or any other amounts payable hereunder shall be unpaid, unless the Required Lenders shall otherwise consent in writing, it will, and will cause each of the Subsidiaries to, on and after
the Effective Date: 
 SECTION 6.01.    Existence. Do or cause to be done all things necessary to preserve and
keep in full force and effect its corporate, partnership and/or limited liability company existence and its rights and franchises that are material to the business of the Borrower and its Subsidiaries taken as a whole, except as expressly permitted
under Section 7.01 and except, in the case of any Subsidiary, where the failure to do so would not result in a Material Adverse Effect. 

SECTION 6.02.    Compliance with Law; Business and Properties. Comply in all respects with all applicable laws,
rules, regulations and orders of any Governmental Authority (including Environmental and Safety Laws and ERISA), whether now in effect or hereafter enacted, except instances that could not, in the aggregate, reasonably be expected to result in a
Material Adverse Effect; and at all times maintain and preserve all property material to the conduct of the business of the Borrower and its Subsidiaries taken as a whole and keep such property in good repair, working order and condition and from
time to time make, or cause to be made, all needful and proper repairs, renewals, additions, improvements and replacements thereto necessary in order that the business carried on in connection therewith may be properly conducted at all times, except
where the failure to do so would not result in a Material Adverse Effect. 

  
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 SECTION 6.03.    Financial Statements, Reports, Etc. In the case
of the Borrower, furnish to the Administrative Agent for distribution to each Lender: 
 (a)    within 105 days after
the end of each fiscal year of the Borrower, its annual report on Form 10-K as filed with the SEC, including its consolidated balance sheet and the related consolidated statements of earnings and cash flows
showing its consolidated financial position as of the end of such fiscal year and the consolidated results of its operations and cash flows for such year, all audited by PricewaterhouseCoopers LLP or other independent registered public accounting
firm of recognized national standing selected by the Borrower and accompanied by an opinion of such accounting firm to the effect that such consolidated financial statements present fairly in all material respects the Borrower’s financial
position and results of operations and cash flows on a consolidated basis in accordance with GAAP; 
 (b)    within 60
days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower, its quarterly report on Form 10-Q as filed with the SEC, including its unaudited consolidated balance sheet
and related consolidated statements of earnings and cash flows, showing its consolidated financial position as of the end of such fiscal quarter and the consolidated results of its operations and cash flows for such fiscal quarter and the then
elapsed portion of the fiscal year (and each delivery of such statements shall be deemed a representation that such statements present fairly in all material respects the Borrower’s financial position and results of operations and cash flows on
a consolidated basis in accordance with GAAP, subject to normal year-end audit adjustments and the absence of footnotes); 

(c)    concurrently with any delivery of financial statements under Sections 6.03(a) or 6.03(b), a
certificate of a Financial Officer of the Borrower (i) certifying that no Event of Default or Default has occurred or, if an Event of Default or Default has occurred, specifying the nature and extent thereof and any corrective action taken or
proposed to be taken with respect thereto and (ii) demonstrating in reasonable detail calculation of the covenant set forth in Section 7.04 as of the last day of the period covered by such financial statements; 

(d)    promptly after the same become publicly available, copies of all reports on Form
8-K filed by it with the SEC, or any Governmental Authority succeeding to any of or all the functions of the SEC, and copies of all reports distributed to its shareholders; and 

(e)    promptly upon request, (i) all documentation and other information that a Lender reasonably requests through
the Administrative Agent in order to comply with obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act and the Beneficial Ownership Regulation, and (ii) such
other information regarding the Borrower and its Subsidiaries, or the compliance by the Borrower with the terms of the Loan Documents, as any Lender shall reasonably request through the Administrative Agent (it being understood that, in the case of
this clause (ii), the Borrower shall not be required to provide any information or documents which are subject to confidentiality provisions the nature of which prohibit such disclosure). 

  
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 Information required to be delivered pursuant to this Section (other than Sections 6.03(c) or
6.03(e)(i)) shall be deemed to have been delivered on the date on which the Borrower provides notice (reasonably identifying where the applicable disclosure may be obtained) to the Administrative Agent that such information has been posted on
the Borrower’s website on the internet at www.zimmerbiomet.com, or on the SEC’s website on the internet at www.sec.gov or at another website identified in such notice and accessible by the Lenders without charge. 

The Borrower hereby acknowledges that (a) the Administrative Agent and/or the Arrangers may, but shall not be obligated to, make available to the Lenders
materials and/or information provided by or on behalf of the Borrower hereunder (collectively, the “Borrower Materials”) by posting the Borrower Materials on an Electronic System and (b) certain of the Lenders (each, a
“Public Lender”) may have personnel who do not wish to receive material non-public information with respect to the Borrower or its Subsidiaries, or the respective securities of any of the
foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities. The Borrower hereby agrees that it will use commercially reasonable efforts to identify that portion of the Borrower
Materials that may be distributed to the Public Lenders and that (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC”, which, at a minimum, shall mean that the
word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, the Arrangers and the Lenders to treat
such Borrower Materials as not containing any material non-public information with respect to the Borrower, its Subsidiaries or the respective securities of any of the foregoing for purposes of United States
Federal and state securities laws (provided that to the extent such Borrower Materials constitute Confidential Information, they shall be treated as set forth in Section 10.15); (y) all Borrower Materials marked
“PUBLIC” are permitted to be made available through a portion of the Electronic System designated “Public Side Information;” and (z) the Administrative Agent and the Arrangers shall be entitled to treat any Borrower
Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Electronic System not designated “Public Side Information.” Notwithstanding the foregoing, the Borrower shall be under no obligation to
mark any Borrower Materials “PUBLIC.” 
 SECTION 6.04.    Insurance. Keep its insurable properties
adequately insured at all times by financially sound and reputable insurers (which may include captive insurers), and maintain such other insurance or self-insurance (including product liability insurance), to such extent and against such risks,
including fire and other risks insured against by extended coverage, as are customary with companies similarly situated and in the same or similar businesses. 

SECTION 6.05.    Obligations and Taxes. Pay and discharge promptly when due all material Taxes, assessments and
governmental charges imposed upon it or upon its income or profits or in respect of its property, in each case before the same shall become delinquent or in default and before penalties accrue thereon, unless and to the extent that the same are
being contested in good faith by appropriate proceedings and adequate reserves with respect thereto shall, to the extent required by GAAP, have been set aside. 

SECTION 6.06.    Litigation and Other Notices. In the case of the Borrower, give the Administrative Agent written
notice of the following within 10 Business Days after any executive officer of the Borrower obtains knowledge thereof: 

(a)    the filing or commencement of any action, suit or proceeding which the Borrower reasonably expects to result in a
Material Adverse Effect; 

  
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 (b)    any Event of Default or Default, specifying the nature and extent
thereof and the action (if any) which is proposed to be taken with respect thereto; and 
 (c)    any change in any of
the Ratings; 
 provided that in the case of Sections 6.06(a) and 6.06(c), the Borrower shall not be required to provide separate
notice of any event disclosed in any report promptly filed with the SEC if the Borrower has provided notice to the Administrative Agent in accordance with the penultimate paragraph of Section 6.03 to the effect that such
information has been posted and reasonably identifying where the applicable disclosure may be obtained. 
 SECTION
6.07.    Books and Records; Inspection Rights. (a) Keep proper books of record and account in which full, true and correct entries are made of all material dealings and transactions in relation to its business and
activities and (b) permit any representatives designated by the Administrative Agent or any Lender, upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from its books and records, and to discuss its
affairs, finances and condition with its officers and (in the presence of officers of the Borrower, whether by phone or in person) its independent accountants (in each case subject to the Borrower’s obligations under applicable confidentiality
provisions), all at such reasonable times and as often as reasonably requested, all at the expense of the applicable Lenders; provided that during the continuation of any Default (x) any expense of the Lenders in connection with the
foregoing shall be for the account of the Borrower and (y) Lenders shall be permitted to discuss the affairs, finances and condition of the Borrower and its Subsidiaries without officers of the Borrower being present. 

SECTION 6.08.    Use of Proceeds. Use the proceeds of the Loans only for general corporate purposes, and not use
any part of the proceeds of any Loan, directly or indirectly, for any purpose that entails a violation of any of the regulations of the Federal Reserve Board, including the Margin Regulations. The Borrower shall not request any Borrowing or use the
proceeds of any Borrowing, and the Borrower shall procure that its Subsidiaries and their respective directors, officers, employees and agents shall not use the proceeds of any Borrowing, (a) in furtherance of an offer, payment, promise to pay,
or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating any activities, business or transaction of or with
any Sanctioned Person, or in any Sanctioned Country, to the extent such activities, businesses or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in the United States, or (c) in any manner that would
result in the violation of any Sanctions applicable to any party hereto. 

  
 55 

 ARTICLE VII 

Negative Covenants 
 The
Borrower covenants and agrees with each Lender and the Administrative Agent that so long as this Agreement shall remain in effect or the principal of or interest on any Loan, any fees or any other amounts payable hereunder shall be unpaid, unless
the Required Lenders shall otherwise consent in writing, it will not, and will not permit any of the Subsidiaries to, on and after the Effective Date: 

SECTION 7.01.    Consolidations, Mergers and Sales of Assets. (a) In the case of the Borrower, consolidate or
merge with or into any other Person or liquidate, wind up or dissolve (or suffer any liquidation or dissolution) or (b) sell or otherwise transfer (in one transaction or a series of transactions), or permit any Subsidiary to sell or otherwise
transfer (in one transaction or a series of transactions), all or substantially all of the assets of the Borrower and the Subsidiaries, taken as a whole, to any other Person (other than the Borrower or any Subsidiary); provided that
(i) the Borrower may merge or consolidate with another Person if the Borrower is the corporation surviving such merger or consolidation, and (ii) immediately after giving effect to any such merger or consolidation, no Default or Event of
Default shall have occurred and be continuing. 
 SECTION 7.02.    Liens. Create, assume or suffer to exist any
Lien upon any property, except that the foregoing shall not prevent the Borrower or any Subsidiary from creating, assuming or suffering to exist any of the following Liens: 

(a)    Liens existing on the Effective Date and set forth on Schedule 7.02; 

(b)    any Lien existing on property owned or leased by any Person at the time it becomes a Subsidiary; provided
that such Lien was not created in anticipation of such Person becoming a Subsidiary; 
 (c)    any Lien existing on
property at the time of the acquisition thereof by the Borrower or any Subsidiary; provided that such Lien was not created in anticipation of such acquisition; 

(d)    Liens on property acquired, constructed or improved by the Borrower or any Subsidiary; provided that the
Debt secured thereby does not exceed 80% of the cost of acquiring, constructing or improving such property and such Liens do not apply to any other property of the Borrower or any Subsidiary; 

(e)    Liens on receivables and the proceeds thereof securing any Permitted Receivables Securitization; 

(f)    any Liens securing Debt of a Subsidiary owing to the Borrower or to another Subsidiary; 

(g)    Liens for taxes, assessments or governmental charges or levies not yet due or that are being contested in good
faith by appropriate proceedings; provided that adequate reserves with respect thereto are maintained on the books of the Borrower or its Subsidiaries, as the case may be, in conformity with GAAP; 

  
 56 

 (h)    carriers’, warehousemen’s, mechanics’,
materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business that are not more than 60 days delinquent in accordance with their terms or that are being contested in good faith by appropriate proceedings; 

(i)    pledges or deposits in connection with workers’ compensation, unemployment insurance and other social security
legislation and deposits securing liability to insurance carriers under insurance or self-insurance arrangements; 

(j)    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; 

(k)    easements, rights-of-way,
restrictions, licenses, reservations, utility easements and other similar encumbrances imposed by law or incurred in the ordinary course of business that do not materially detract from the value of the property subject thereto or materially
interfere with the ordinary conduct of the business of the Borrower and its Subsidiaries, considered as a whole; 

(l)    any interest or title of a lessor under any lease entered into by the Borrower or any Subsidiary in the ordinary
course of its business and covering only the assets so leased; 
 (m)    attachment or judgment Liens in respect of
judgments or decrees that have been vacated, discharged or stayed within 30 days from the entry thereof; and attachment or judgment Liens in respect of judgments or decrees that have been bonded pending appeal within 30 days from the entry thereof
and which do not exceed $200,000,000 in the aggregate; 
 (n)    Liens arising from precautionary U.C.C. financing
statement filings with respect to operating leases or consignment arrangements entered into by the Borrower or any Subsidiary in the ordinary course of business; 

(o)    customary Liens in favor of a banking institution arising by operation of law encumbering deposits (including the
right of set-off) held by such banking institutions incurred in the ordinary course of business and that are within the general parameters customary in the banking industry; 

(p)    any extension, renewal or replacement (or successive extensions, renewals or replacements) in whole or in part of
any Lien referred to in Sections 7.02(a) through 7.02(d), so long as the principal amount of the Debt or other obligations secured thereby does not exceed the principal amount of Debt or obligations so secured at the time of such
extension, renewal or replacement (except that, where an additional principal amount of Debt is incurred to provide funds for the completion of a specific project, the additional principal amount, and any related financing costs, may be secured by
the Lien as well) and such Lien is limited to the same property subject to the Lien so extended, renewed or replaced (and improvements on such property); and 

(q)    any Lien not permitted by Sections 7.02(a) through 7.02(p) securing Debt which, together with the
aggregate outstanding principal amount of all other Debt of the Borrower and its Subsidiaries that is secured by Liens in reliance on this Section 7.02(q) and the aggregate Value of their existing Sale and Leaseback
Transactions which would be subject to the restrictions of Section 7.03 but for this Section 7.02(q), does not at any time exceed 12.5% of Consolidated Net Tangible Assets. 

  
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 SECTION 7.03.    Limitation on Sale and Leaseback Transactions.
Enter into any Sale and Leaseback Transaction, unless the Borrower or such Subsidiary would be entitled to incur Debt, in a principal amount equal to the Value of such Sale and Leaseback Transaction, which is secured by Liens on the property to be
leased without violating Section 7.02. 
 SECTION 7.04.    Financial Condition
Covenant. Permit the Consolidated Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower (each such period, a “Test Period”) to exceed 4.50 to 1.00; provided that upon the
consummation of a Qualified Material Acquisition, if the Borrower shall so elect by a written notice delivered to the Administrative Agent within 30 days following such consummation, the maximum permitted ratio set forth above shall be increased to
5.00 to 1.00 at the end of and for the fiscal quarter in which such Qualified Material Acquisition is consummated and the subsequent three consecutive fiscal quarters (the “Leverage Increase Period”); provided further that
following any such election by the Borrower, no subsequent election may be made by the Borrower unless the Consolidated Leverage Ratio has been at or below 4.50 to 1.00 as of the last day of at least two consecutive Test Periods ended after the
expiration of the Leverage Increase Period with respect to such prior election. 
 SECTION 7.05.    Subsidiary
Indebtedness. Permit Subsidiaries of the Borrower to create, issue, incur, assume, become liable in respect of or suffer to exist any Debt (other than Permitted Debt) in an aggregate principal amount exceeding $250,000,000 outstanding at any
time. 
 ARTICLE VIII 

Events of Default 
 In
case of the happening of any of the following events (each an “Event of Default”): 
 (a)    any
representation or warranty made or deemed made by the Borrower in or in connection with the execution and delivery of this Agreement or any other Loan Document or the Borrowings or other extensions of credit hereunder shall prove to have been false
or misleading in any material respect when so made or deemed made; 
 (b)    default shall be made in the payment of any
principal of any Loan when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or by acceleration thereof or otherwise; 

(c)    default shall be made in the payment of any interest on any Loan or any fee or any other amount (other than an
amount referred to in clause (b) above) due from the Borrower hereunder, when and as the same shall become due and payable, and such default shall continue unremedied for a period of five Business Days; 

  
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 (d)    default shall be made in the due observance or performance of any
covenant or agreement contained in Section 6.01 (in the case of preservation of existence of the Borrower), Section 6.06(b), Section 6.08, or Article VII; 

(e)    default shall be made in the due observance or performance of any covenant or agreement of the Borrower contained
herein (other than those specified in clause (b), (c) or (d) above) or in any other Loan Document and such default shall continue unremedied for a period of 30 days after notice thereof from the Administrative Agent or any
Lender to the Borrower; 
 (f)    the Borrower or any Subsidiary shall (i) fail to pay any principal or interest,
regardless of amount, due in respect of one or more items of Debt in an aggregate principal amount greater than or equal to $250,000,000, when and as the same shall become due and payable (giving effect to any applicable grace period) or
(ii) fail to observe or perform any other term, covenant, condition or agreement contained in any agreement or instrument evidencing or governing any such Debt if the effect of any failure referred to in this clause (ii) is to cause
such Debt to become due prior to its stated maturity; 
 (g)    an involuntary proceeding shall be commenced or an
involuntary petition shall be filed in a court of competent jurisdiction seeking (i) relief in respect of the Borrower or any Subsidiary, or of a substantial part of the property or assets of the Borrower or any Subsidiary, under Title 11 of
the United States Code, as now constituted or hereafter amended, or any other Federal, state or foreign bankruptcy, insolvency, receivership or similar law, (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or
similar official for the Borrower or any Subsidiary or for a substantial part of the property or assets of the Borrower or any Subsidiary or (iii) the winding up or liquidation of the Borrower or any Subsidiary; and such proceeding or petition
shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; 

(h)    the Borrower or any Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking
relief under Title 11 of the United States Code, as now constituted or hereafter amended, or any other Federal, state or foreign bankruptcy, insolvency, receivership or similar law, (ii) consent to the institution of, or fail to contest in a
timely and appropriate manner, any proceeding or the filing of any petition described in clause (g) above, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for
the Borrower or any Subsidiary or for a substantial part of the property or assets of the Borrower or any Subsidiary, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a
general assignment for the benefit of creditors, (vi) become unable, admit in writing its inability or fail generally to pay its debts as they become due or (vii) take any action for the purpose of effecting any of the foregoing; 

(i)    one or more judgments or decrees for the payment of money in an aggregate amount equal to or greater than
$250,000,000 (exclusive of any amount thereof reasonably expected to be covered by insurance) shall be rendered against the Borrower, any Subsidiary or any combination thereof and the same shall not have been vacated, discharged or stayed for a
period of 60 consecutive days, or any action shall be legally taken by a judgment creditor (whose liquidated judgment, along with those of any other judgment creditors, exceeds $250,000,000) to levy upon assets or properties of the Borrower or any
Subsidiary to enforce any such judgment; 

  
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 (j)    (i) a Plan of the Borrower or an ERISA Affiliate shall fail to
maintain the minimum funding standard required by Section 412 of the Code or Section 302 of ERISA for any plan year or a waiver of such standard is sought or granted under Section 412(c) of the Code or Section 302(c) of ERISA,
(ii) an ERISA Termination Event shall have occurred with respect to the Borrower or an ERISA Affiliate has incurred, or in the reasonable opinion of the Required Lenders is reasonably likely to incur, a liability to or on account of a Plan
under Section 4062, 4063, 4064, 4201 or 4204 of ERISA, (iii) any Person shall engage in any prohibited transaction described in Sections 406 of ERISA or 4975 of the Code for which a statutory or class exemption is not available or a
private exemption has not been previously obtained from the United States Department of Labor, (iv) the Borrower or any ERISA Affiliate shall fail to pay any required installment or any other payment required to be paid by such entity under
Section 412 of the Code or Section 302 of ERISA on or before the due date for such installment or other payment (taking into account any extensions granted) or (v) the Borrower or any ERISA Affiliate shall fail to make any
contribution or payment to any Multiemployer Plan which the Borrower or any ERISA Affiliate is required to make under any agreement relating to such Multiemployer Plan or any law pertaining thereto (taking into account any extensions granted), and,
in the event of the occurrence of any of the events described in clauses (i) through (v) above, there shall result from any such event or events either a liability or a material risk of incurring a liability which is reasonably
expected to have a Material Adverse Effect; or 
 (k)    a Change in Control shall occur; 

then, and in every such event (other than an event with respect to the Borrower described in clause (g) or (h) above), and at any
time thereafter during the continuance of such event, the Administrative Agent, at the request of the Required Lenders, shall, by notice to the Borrower, take either or both of the following actions, at the same or different times:
(i) terminate forthwith the Aggregate Commitments and (ii) declare the Loans then outstanding to be forthwith due and payable in whole or in part, whereupon the principal of the Loans so declared to be due and payable, together with
accrued interest thereon and any unpaid accrued fees and all other liabilities of the Borrower accrued hereunder, shall become forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby
expressly waived anything contained herein to the contrary notwithstanding; and, if any event with respect to the Borrower described in clause (g) or (h) above shall have occurred and be continuing, the Aggregate Commitments shall
automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and any unpaid accrued fees and all other liabilities of the Borrower accrued hereunder, shall automatically become due and payable,
without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein to the contrary notwithstanding. 

ARTICLE IX 
 The Administrative
Agent 
 In order to expedite the transactions contemplated by this Agreement, JPMorgan is hereby appointed to act as the Administrative
Agent on behalf of the Lenders. Each of the Lenders hereby irrevocably authorizes the Administrative Agent to take such actions on behalf of such Lender and to exercise such powers as are specifically delegated to the Administrative Agent

  
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by the terms and provisions hereof and the other Loan Documents, together with such actions and powers as are reasonably incidental thereto. The Administrative Agent is hereby expressly
authorized by the other parties hereto, without hereby limiting any implied authority, (a) to receive on behalf of the Lenders all payments of principal of and interest on the Loans and promptly distribute to each Lender its proper share of
each payment so received; (b) to give notice on behalf of each of the Lenders to the Borrower of any Event of Default of which the Administrative Agent has actual knowledge acquired in connection with its agency hereunder; and (c) to
distribute to each Lender copies of all notices, financial statements and other materials delivered by the Borrower pursuant to this Agreement or any other Loan Document as received by the Administrative Agent. 

The Administrative Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents, and its duties
hereunder shall be administrative in nature. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is
continuing (and it is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other
implied (or express) obligations arising under agency doctrine of any applicable law, and that such term is used as a matter of market custom and is intended to create or reflect only an administrative relationship between contracting parties),
(b) the Administrative Agent shall not have any duty to take any discretionary action or to exercise any discretionary power, except discretionary rights and powers expressly contemplated by the Loan Documents that the Administrative Agent is
required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith to be necessary, under the circumstances as
provided in the Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion, could expose the Administrative Agent to liability or be contrary to any Loan Document or applicable law,
and (c) except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any Subsidiary or
Affiliate thereof that is communicated to or obtained by the Person serving as an Administrative Agent or any of its Affiliates or Related Parties in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it
with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith to be necessary, under the circumstances as provided in
the Loan Documents). 
 Neither the Administrative Agent nor any of its Related Parties shall be liable for any action taken or omitted by
any of them except for its or his or her own gross negligence or willful misconduct, as determined by a court of competent jurisdiction by a final and nonappealable judgment, or be responsible for any statement, warranty or representation made in or
in connection with any Loan Document or the contents of any document delivered in connection herewith or therewith, or be required to ascertain or to make any inquiry concerning the performance or observance by the Borrower of any of the terms,
conditions, covenants or agreements contained in this Agreement or any other Loan Document (including concerning the satisfaction of any condition set forth in Article V or elsewhere in any Loan Document, other than

  
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to confirm receipt of items expressly required to be delivered to the Administrative Agent or satisfaction of any condition that expressly refers to the matters described therein being acceptable
or satisfactory to the Administrative Agent) or the occurrence of any Default. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof (stating that it is a “notice of default”)
is given to the Administrative Agent by the Borrower or any Lender. The Administrative Agent shall not be responsible to the Lenders for the due execution, genuineness, sufficiency, validity, enforceability or effectiveness of this Agreement, any
other Loan Document or any other instruments or agreements. The Administrative Agent may deem and treat the Lender that makes any Loan as the holder of the obligations resulting therefrom for all purposes hereof until the Administrative Agent shall
have received notice from such Lender, given as provided herein, of the transfer thereof. The Administrative Agent shall in all cases be fully protected in acting, or refraining from acting, in accordance with written instructions signed by the
Required Lenders and, except as otherwise specifically provided herein, such instructions and any action or inaction pursuant thereto shall be binding on all the Lenders. Neither the Administrative Agent nor any of its Related Parties shall have any
responsibility to the Borrower on account of the failure of or delay in performance or breach by any Lender of any of its obligations hereunder or to any Lender on account of the failure of or delay in performance or breach by any other Lender or
the Borrower of any of their respective obligations hereunder or in connection herewith. The Administrative Agent shall be deemed to have no knowledge of any Lender being a Restricted Lender unless and until the Administrative Agent shall have
received the written notice from such Lender referred to in Section 1.06, and then only as and to the extent specified in such notice, and any determination of whether the Required Lenders or any other requisite Lenders shall have provided a
consent or direction in connection with this Agreement or any other Loan Document shall not be affected by any delivery to the Administrative Agent of any such written notice subsequent to such consent or direction being provided by the Required
Lenders or other requisite Lenders. The Administrative Agent may execute any and all duties hereunder by or through its branches, Affiliates, agents or employees. Without limiting the foregoing, the Administrative Agent may, by notice to the
Borrower, designate any of its branches or Affiliates as the Person to receive any or all notices (including Borrowing Requests and Interest Election Requests) to be delivered to the Administrative Agent pursuant to this Agreement. 

The Administrative Agent shall be entitled to rely, and shall not incur any liability for relying, upon any notice, request, certificate,
consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) reasonably believed by it to be genuine and to have been signed, sent or otherwise authenticated
by the proper Person (whether or not such Person in fact meets the requirements set forth in the Loan Documents for being the signatory, sender or authenticator thereof). The Administrative Agent also shall be entitled to rely, and shall not incur
any liability for relying, upon any statement made to it orally or by telephone and reasonably believed by it to be made by the proper Person (whether or not such Person in fact meets the requirements set forth in the Loan Documents for being maker
thereof), and may act upon any such statement prior to receipt of written confirmation thereof. In determining compliance with any condition hereunder to the making of a Loan, that by its terms must be fulfilled to the satisfaction of a Lender, the
Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender sufficiently in advance to the making of such Loan. The Administrative
Agent may consult with legal counsel 

  
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(who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of
any such counsel, accountants or experts. 
 Subject to the appointment and acceptance of a successor Administrative Agent as provided
below, the Administrative Agent may resign at any time by notifying the Lenders and the Borrower. Upon any such resignation of the Administrative Agent, the Required Lenders shall have the right to appoint a successor Administrative Agent acceptable
to the Borrower; provided that in no event shall any successor Administrative Agent be a Defaulting Lender. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days
after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the Lenders, appoint a successor Administrative Agent which shall be a bank having a combined capital and surplus of at
least $500,000,000 (or any Affiliate of such bank) with an office in New York, New York. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor bank, such successor shall succeed to and become vested with
all the rights, powers, privileges and duties of the retiring Administrative Agent and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. The fees payable by the Borrower to a successor Administrative
Agent shall be the same as those payable to its predecessor unless otherwise agreed by the Borrower and such successor. After the Administrative Agent’s resignation hereunder, the provisions of this Article IX and
Sections 3.09, 3.11 and 10.05, as well as any exculpatory, reimbursement and indemnification provisions set forth in any other Loan Document, shall continue in effect for the benefit of such retiring
Administrative Agent and its Related Parties in respect of any actions taken or omitted to be taken by any of them while it was acting as an Administrative Agent. 

With respect to the Loans made by it hereunder, the Administrative Agent in its individual capacity and not as Administrative Agent shall have
the same rights and powers as any other Lender and may exercise the same as though it were not the Administrative Agent, and the Administrative Agent and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial
advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not the Administrative Agent hereunder and without any duty to account therefor
to the Lenders. 
 In case of the pendency of any proceeding with respect to the Borrower under any Federal, state or foreign bankruptcy,
insolvency, receivership or similar law now or hereafter in effect, the Administrative Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of
whether any Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise: 

(a)    to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the
Loans and all other obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Administrative Agent (including any claim under
Sections 3.06, 3.07, 3.09, 3.10, 3.11 and 10.05) allowed in such judicial proceeding; and 

  
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 (b)    to collect and receive any monies or other property payable or
deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar
official in any such proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to the
Administrative Agent any amount due to it, in its capacity as an Administrative Agent, under the Loan Documents (including under Section 10.05). 

Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent, any Arranger, any other Lender or any
of the Related Parties of any of the foregoing, and based on such documents and information as it has deemed appropriate, made its own credit analysis of, appraisal of, and investigation into, the business, prospects, operations, property, financial
and other condition and creditworthiness of the Borrower and its Subsidiaries, and all applicable bank or other regulatory laws relating to the transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend
credit to the Borrower hereunder. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent, any Arranger, any other Lender or any of the Related Parties of any of the foregoing, and based on such
documents and information as it shall from time to time deem appropriate, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related
agreement or any document furnished hereunder or thereunder, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and creditworthiness of the
Borrower. Each Lender represents and warrants that, as of the date it becomes a Lender, (i) it is such Lender’s intention that the Loan Documents set forth the terms of a commercial lending facility and (ii) it is engaged in making,
acquiring or holding commercial loans in the ordinary course and is entering into this Agreement as a Lender for the purpose of making, acquiring or holding commercial loans and providing other facilities set forth herein as may be applicable to
such Lender, and not for the purpose of purchasing, acquiring or holding any other type of financial instrument, and each Lender agrees not to assert a claim in contravention of the foregoing. Each Lender represents and warrants that it is
sophisticated with respect to decisions to make, acquire and/or hold commercial loans and to provide other facilities set forth herein, as may be applicable to such Lender, and either it, or the Person exercising discretion in making its decision to
make, acquire and/or hold such commercial loans or to provide such other facilities, is experienced in making, acquiring or holding such commercial loans or providing such other facilities. 

Each Lender, by delivering its signature page to this Agreement, or delivering its signature page to an Assignment and Assumption, shall be
deemed to have acknowledged receipt of, and consented to and approved, each Loan Document and each other document required to be delivered to, or be approved by or satisfactory to, the Administrative Agent or the Lenders on the Effective Date. 

Notwithstanding anything herein to the contrary, none of the Arrangers, syndication agents, documentation agents or bookrunners listed on the
cover page hereof shall have any duties or obligations under this Agreement or any of the other Loan Documents, except 

  
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in its capacity, as applicable, as an Administrative Agent or a Lender under this Agreement, but all such Persons shall have the benefit of the indemnities and exculpatory provisions provided for
hereunder and under the other Loan Documents. 
 Each Lender (x) represents and warrants, as of the date such Person became a Lender
party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for
the benefit of the Borrower, that at least one of the following is and will be true: 
 (c)    such Lender is not using
“plan assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments
or this Agreement, 
 (d)    the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions
involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a
class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house
asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement, 

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

(f)    such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in
its sole discretion, and such Lender. 
 In addition, unless either (i) the immediately preceding clause (a) is true with respect
to such Lender or (ii) such Lender has provided another representation, warranty and covenant in accordance with the immediately preceding clause (d), each Lender further (x) represents and warrants, as of the date such Person became a
Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and not, for the avoidance of doubt, to
or for the benefit of the Borrower, that the Administrative Agent is not a fiduciary with respect to the assets of such Lender involved in such Lender’s entrance into, participation in, administration of and performance of the Loans, the
Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any other Loan Document or any documents related hereto or thereto). 

  
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 Each Lender hereby agrees that (a) if the Administrative Agent notifies such Lender
that the Administrative Agent has determined in its sole discretion that any funds received by such Lender from the Administrative Agent or any of its Affiliates (whether as a payment, prepayment or repayment of principal, interest, fees or
otherwise; individually and collectively, a “Payment”) were erroneously transmitted to such Lender (whether or not known to such Lender), and demands the return of such Payment (or a portion thereof), such Lender shall promptly, but
in no event later than one Business Day thereafter, return to the Administrative Agent the amount of any such Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest thereon in respect of each day
from and including the date such Payment (or portion thereof) was received by such Lender to the date such amount is repaid to the Administrative Agent at the greater of the NYFRB Rate and a rate determined by the Administrative Agent in accordance
with banking industry rules on interbank compensation from time to time in effect, and (b) to the extent permitted by applicable law, such Lender shall not assert, and hereby waives, as to the Administrative Agent, any claim, counterclaim,
defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Administrative Agent for the return of any Payments received, including without limitation any defense based
on “discharge for value” or any similar doctrine. A notice of the Administrative Agent to any Lender under this paragraph shall be conclusive, absent manifest error. 

Each Lender hereby further agrees that if it receives a Payment from the Administrative Agent or any of its Affiliates (a) that is in a
different amount than, or on a different date from, that specified in a notice of payment sent by the Administrative Agent (or any of its Affiliates) with respect to such Payment (a “Payment Notice”) or (b) that was not
preceded or accompanied by a Payment Notice, it shall be on notice, in each such case, that an error has been made with respect to such Payment. Each Lender agrees that, in each such case, or if it otherwise becomes aware a Payment (or portion
thereof) may have been sent in error, such Lender shall promptly notify the Administrative Agent of such occurrence and, upon demand from the Administrative Agent, it shall promptly, but in no event later than one Business Day thereafter, return to
the Administrative Agent the amount of any such Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest thereon in respect of each day from and including the date such Payment (or portion thereof)
was received by such Lender to the date such amount is repaid to the Administrative Agent at the greater of the NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation from
time to time in effect. 
 The Borrower hereby agrees that (a) in the event an erroneous Payment (or portion thereof) is not recovered
from any Lender that has received such Payment (or portion thereof) for any reason, the Administrative Agent shall be subrogated to all the rights of such Lender with respect to such amount and (b) an erroneous Payment shall not pay, prepay,
repay, discharge or otherwise satisfy any obligations owed by the Borrower. 
 Each party’s obligations under the three immediately
preceding paragraphs shall survive the resignation or replacement of the Administrative Agent or any transfer of rights or obligations by, or the replacement of, a Lender, the termination of the Commitments or the repayment, satisfaction or
discharge of all obligations under any Loan Document. 

  
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 ARTICLE X 

Miscellaneous 
 SECTION
10.01.    Notices. 
 (a)    General. Except in the case of notices and other
communications expressly permitted to be given by telephone (and subject to Section 10.01(b)), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier
service, mailed by certified or registered mail or sent by email, as follows: 
 (i)    if to the
Borrower, to Zimmer Biomet Holdings, Inc., 345 East Main Street, Warsaw, IN 46580, Attention of Eric Meyer, Assistant Treasurer (Email: Eric.Meyer@zimmerbiomet.com; Telephone: (574) 377- 4207) 

(ii)    if to the Administrative Agent, to JPMorgan Chase Bank, N.A., Floor 01, NCC 5, 500 Stanton
Christiana Road, Newark, Delaware 19713, Attention of Marsea Medori, Account Manager (Email: marsea.medori@chase.com); and 

(iii)    if to a Lender, to it at its address (or email) set forth in its Administrative Questionnaire.

 All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to
have been given on the date of receipt if delivered by hand or overnight courier service, or mailed by certified or registered mail; and notices delivered through electronic communications to the extent provided in
Section 10.01(b) shall be effective as provided therein. 
 (b)    Electronic
Communications. Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication (including e-mail) or using Electronic Systems pursuant to procedures
approved by the Administrative Agent; provided that the foregoing shall not apply to notices under Article II to any Lender if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such
Article by electronic communication or using Electronic Systems. The Administrative Agent or the Borrower may, in addition to email, agree, in its discretion, to accept notices and other communications to it hereunder by other electronic
communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications or may be rescinded by any such Person by notice to each other such Person. 

Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an
e-mail address shall be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgment) and (ii) notices and other communications posted to an Electronic System 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 

  
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notification that such notice or communication is available and identifying the website address therefor; provided that, for both clauses (i) and (ii) above, if such
notice, email or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient. 

(c)    The Electronic System. THE BORROWER AGREES THAT THE ADMINISTRATIVE AGENT MAY, BUT SHALL NOT BE OBLIGATED TO,
MAKE COMMUNICATIONS AVAILABLE TO THE LENDERS BY POSTING THE COMMUNICATIONS ON DEBT DOMAIN, INTRALINKS, SYNDTRAK, CLEARPAR OR ANY OTHER ELECTRONIC SYSTEM. THE ELECTRONIC SYSTEM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT
PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS OR THE ADEQUACY OF THE ELECTRONIC SYSTEM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE COMMUNICATIONS. NO WARRANTY OF ANY KIND,
EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY
AGENT PARTY IN CONNECTION WITH THE COMMUNICATIONS OR THE ELECTRONIC SYSTEM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Borrower, any Lender
or any other Person for Liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s or the Administrative Agent’s transmission of Communications or notices through the Electronic System, any
other electronic platform or electronic messaging service, or through the Internet. 
 (d)    Change of
Address, Etc. Each of the Borrower and the Administrative Agent may change its address, email or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each Lender may change its address, email or
telephone number for notices and other communications hereunder by notice to the Borrower and the Administrative Agent. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has
on record (i) an effective address, contact name, telephone number and email to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at
least one individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its
delegate, in accordance with such Public Lender’s compliance procedures and applicable law, including United States Federal and state securities laws, to make reference to Communications that are not made available through the “Public Side
Information” portion of the Platform and that may contain material non-public information with respect to the Borrower, its Subsidiaries or their respective securities for purposes of United States
Federal or state securities laws. 
 (e)    Reliance by Administrative Agent and Lenders. The Administrative
Agent and the Lenders shall be entitled to rely and act upon any notices (including telephonic notices and Borrowing Requests) purportedly given by or on behalf of the Borrower even if (i) such notices were not made in a manner specified
herein, were incomplete or were not preceded or followed by 

  
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any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify the Administrative
Agent, each Lender and the Related Parties of any of the foregoing from all Liabilities and expenses resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower. All telephonic notices to and other
telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 

SECTION 10.02.    Survival of Agreement. All covenants, agreements, representations and warranties made by the
Borrower herein and in any other Loan Document and in the certificates or other instruments prepared or delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the
Administrative Agent and the Lenders and shall survive the execution and delivery of the Loan Documents and the making by the Lenders of the Loans regardless of any investigation made by or on behalf of the Administrative Agent, the Lenders or any
Related Party of any of the foregoing, and regardless of whether any such Person may have had notice or knowledge of any Default or incorrect representation or warranty at the time any Loan Document is executed and delivered or any credit is
extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid or the Aggregate Commitments have
not expired or terminated. The provisions of Sections 3.09, 3.10, 3.11, and 10.05 and Article IX shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated
hereby, the repayment of the Loans, the expiration or termination of the Aggregate Commitments or the termination of this Agreement or any provision hereof. 

SECTION 10.03.    Binding Effect. This Agreement shall become effective when it shall have been executed by the
Borrower and the Administrative Agent and when the Administrative Agent shall have received copies hereof (by electronic “.pdf” or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter shall be binding
upon and inure to the benefit of the parties hereto and their respective successors and assigns. 
 SECTION
10.04.    Successors and Assigns. 
 (a)    Whenever in this Agreement any of the parties is
referred to, such reference shall be deemed to include the successors and assigns of such party; and all covenants, promises and agreements by or on behalf of any party that are contained in this Agreement shall bind and inure to the benefit of its
successors and assigns. 
 (b)    Each Lender may assign to one or more Eligible Assignees all or a portion of its
interests, rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that (i) except in the case of an assignment of a Commitment or a Loan to another
Lender, an Affiliate of a Lender or an Approved Fund, (A) each of the Borrower (so long as no Event of Default shall have occurred and be continuing) and the Administrative Agent must give its prior written consent to such assignment (which
consent, in each case, shall not be unreasonably withheld, delayed or conditioned) and (B) the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption
with respect to such assignment is 

  
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delivered to the Administrative Agent) shall not be less than $5,000,000 unless it shall be the entire amount of such Lender’s Commitment or Loans, as applicable, or unless each of the
Borrower (so long as no Event of Default shall have occurred and be continuing) and the Administrative Agent otherwise consent in writing, and (ii) each partial assignment shall be made as an assignment of a proportionate part of all the
assigning Lender’s rights and obligations under this Agreement; provided further that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent
within 10 Business Days after having received notice thereof. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, and, unless otherwise waived by the Administrative Agent in its sole
discretion, a processing and recordation fee of $3,500. Upon acceptance and recording pursuant to Section 10.04(e), from and after the effective date specified in each Assignment and Assumption, (x) the assignee
thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement and (y) the assigning Lender thereunder shall, to the extent of
the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all or the remaining portion of an assigning Lender’s rights and
obligations under this Agreement, such Lender shall cease to be a party hereto (but shall (i) continue to be entitled to the benefits of Sections 3.09, 3.10, 3.11 and 10.05, as well as to any fees accrued for its
account hereunder and not yet paid and (ii) continue to be subject to the confidentiality provisions hereof)). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this clause 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 10.04(f). 

(c)    [Reserved]. 

(d)    The Administrative Agent, acting solely for this purpose as a non-fiduciary
agent of the Borrower, shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and the principal amount (and
stated interest) of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive in the absence of manifest error and the Borrower, the
Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. No assignment or
transfer of any Loan or Commitment (or portion thereof) shall be effective unless and until it has been recorded in the Register as provided in Section 10.04(e). The Register shall be available for inspection by each party
hereto as to its own interests hereunder, at any reasonable time and from time to time upon reasonable prior notice. 

(e)    Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee
together with an Administrative Questionnaire completed in respect of the assignee (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in Section 10.04(b), if
applicable, and, if required, the written consent of the Borrower to such assignment, the Administrative Agent shall (i) accept such Assignment and Assumption and (ii) record the information contained therein in the Register. 

  
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 (f)    Each Lender may sell participations to one or more Eligible
Assignees (each, a “Participant”) in all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans owing to it); provided that (i) such Lender’s
obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, (iii) each Participant shall be entitled to the benefit of the
cost protection provisions contained in Sections 3.09, 3.10 and 3.11 to the same extent as if it were an assignee under Section 10.04(b) (subject to the requirements therein, including the requirements
under Sections 3.11(h) and 3.11(i) (it being understood that the documentation required under such Sections shall be delivered to the participating Lender)); provided that such Participant agrees to the provisions of
Section 3.13 as if it were an assignee under Section 10.04(b) and shall not be entitled to receive any greater payment than the amount that could have been claimed by the participating Lender had
it continued to hold the interest of such Participant, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after such Participant acquired the applicable participation, and it being further
agreed that the participating Lender will not be permitted to make claims against the Borrower under Section 3.09(b) for costs or reductions resulting from the sale of a participation, except that all claims made pursuant
to such Sections shall be made through such participating Lender, (iv) the Borrower, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such participating Lender in connection with such Lender’s
rights and obligations under this Agreement, and (v) such participating Lender shall retain the sole right to enforce the obligations of the Borrower relating to the Loans and to approve any amendment, modification or waiver of any provision of
this Agreement or any other Loan Document; provided that, in the case of any amendments, modifications or waivers described in the first proviso to Section 10.07(b), the agreement or instrument pursuant to which such
participating Lender sells such a participation may provide that such Lender will not, without the consent of the applicable Participant, agree to any such amendment, modification or waiver that affects such Participant or requires the approval of
all the Lenders. 
 (g)    Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans
or other obligations under this Agreement or any other Loan Document (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the
identity of any Participant or any information relating to a Participant’s interest in any Commitments, Loans or its other obligations under this Agreement or any other Loan Document) to any Person except to the extent that such disclosure is
necessary to establish that such Commitment, Loan or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register
shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary.
For the avoidance of doubt, the Administrative Agent (in its capacity as an Administrative Agent) shall not have any responsibility for maintaining a Participant Register. 

(h)    Any Lender may, in connection with any assignment or participation or proposed assignment or participation pursuant
to this Section 10.04, disclose to the assignee or Participant or proposed assignee or Participant any information relating to the Borrower furnished 

  
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to such Lender; provided that prior to any such disclosure, each such assignee or Participant or proposed assignee or Participant shall be subject to confidentiality provisions at least as
restrictive as those contained herein. 
 (i)    The Borrower shall not assign or delegate any rights and duties
hereunder or under any other Loan Document, without the prior written consent of the Administrative Agent and each of the Lenders (and any assignment or delegation without such prior written consent shall be null and void). 

(j)    Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this
Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or other central banking authority, and this Section shall not apply to any such pledge or assignment of a security
interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

SECTION 10.05.    Expenses, Indemnity. 

(a)    The Borrower agrees to pay all reasonable
out-of-pocket expenses incurred by (i) the Administrative Agent and the Arrangers in connection with entering into this Agreement or any other Loan Document or in
connection with any amendments, modifications or waivers of the provisions hereof or thereof (including the reasonable fees, disbursements and other charges of a single counsel), or (ii) the Administrative Agent, the Arrangers or any Lender in
connection with the enforcement of their rights in connection with this Agreement and any other Loan Document or in connection with the Loans made hereunder or thereunder, including the fees and disbursements of counsel for the Administrative Agent,
the Arrangers and, in the case of enforcement, each Lender. 
 (b)    The Borrower agrees to indemnify the
Administrative Agent, the Arrangers, each Lender, each of their Affiliates and the respective Related Parties of the foregoing (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any
and all losses, claims, damages, liabilities and related expenses, including reasonable fees, disbursements and other charges of counsel, incurred by or asserted against any Indemnitee arising out of or in connection with (i) the consummation
of the transactions contemplated by this Agreement (including the syndication of the credit facilities provided for herein), (ii) any Loan or the use of the proceeds therefrom or (iii) any actual or prospective claim, litigation, investigation
or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory and whether initiated against or by any party to this Agreement, any Affiliate of any of the foregoing or any third party (and regardless of whether
any Indemnitee is a party thereto); provided that (x) such indemnity shall not, as to any Indemnitee, be available to the extent that a court of competent jurisdiction has determined by a final
non-appealable judgment that such losses, claims, damages, liabilities or related expenses result from the gross negligence or willful misconduct of such Indemnitee and (y) such indemnity shall not apply
to losses, claims, damages, liabilities or related expenses that result from disputes solely between Lenders. 

  
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 (c)    To the fullest extent permitted by applicable law, the Borrower
shall not assert or permit any of its Affiliates or Related Parties to assert, and the Borrower hereby waives, (i) any claim against any Lender-Related Person, on any theory of liability, for any Liabilities arising from the use by others of
information or other materials (including, without limitation, any personal data) obtained through telecommunications, electronic or other information transmission systems (including the Internet) or (ii) any Liabilities against any
Lender-Related Person, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of this Agreement, any other Loan Document or any
agreement or instrument contemplated hereby or thereby, the Transactions, any Loan or the use of the proceeds thereof. 

(d)    To the extent that the Borrower for any reason fails to indefeasibly pay any amount required under
Section 10.05(a) or 10.05(b) to be paid by it to the Administrative Agent (or any sub-agent thereof) or any Related Party thereof, each Lender severally agrees to pay to the
Administrative Agent (or any such sub-agent) or such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity
payment is sought) of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Lender); provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case
may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent) in its capacity as such, or against any Related Party acting for the Administrative Agent (or any such sub-agent) in connection with such capacity. For purposes of this Section, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the total Revolving Credit Exposures and
unused Commitments at the time (or most recently outstanding and in effect). The obligations of the Lenders under this Section 10.05(d) are several and not joint. The failure of any Lender to make any payment pursuant to
this Section 10.05(d) shall not relieve any other Lender of its corresponding obligation to do so, and no Lender shall be responsible for the failure of any other Lender to so make its payment pursuant to this
Section 10.05(d). 
 (e)    All amounts due under this Section 10.05
shall be payable on written demand therefor. 
 SECTION 10.06.    Applicable Law. This Agreement and any claims,
controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Agreement and the transactions contemplated hereby shall be governed by, and construed in accordance with, the law of
the State of New York. 
 SECTION 10.07.    Waivers, Amendment. 

(a)    No failure or delay of the Administrative Agent or any Lender in exercising any power or right hereunder or under
any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise
thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies which they would
otherwise have. No waiver of any provision of this Agreement or any other Loan Document or consent to any departure therefrom shall in any 

  
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event be effective unless the same shall be permitted by Section 10.07(b), and then such waiver or consent shall be effective only in the specific instance and for the
purpose for which given. No notice or demand on the Borrower in any case shall entitle such party to any other or further notice or demand in similar or other circumstances. 

(b)    Except as provided in Section 10.07(c), none of this Agreement, any other Loan Document
or any provision hereof or thereof may be waived, amended or otherwise modified except pursuant to an agreement or agreements in writing entered into by, in the case of this Agreement, the Borrower, the Administrative Agent and the Required Lenders
or, in the case of any other Loan Document, the Borrower and the Administrative Agent, with the consent of the Required Lenders; provided that no such agreement shall (i) decrease the principal amount of, or extend the scheduled maturity
date of (except as provided in Section 3.15 in connection with the exercise of the Term-Out Option), or date for the payment of any interest on, any Loan, or waive or excuse any such payment or any part
thereof, or decrease the rate of interest on any Loan, in each case without the prior written consent of each Lender directly affected thereby, (ii) increase the amount of, or postpone the scheduled date of the expiration of, any Commitment, or
decrease or extend the date for payment of the facility fees, or waive or excuse any such payment or any part thereof, without the prior written consent of each Lender directly affected thereby, (iii) amend or modify the provisions of
Section 3.12 or Section 10.04(i), the provisions of this Section 10.07 or the definition of the “Required Lenders” without the prior written consent of each
Lender, (iv) change the requirement that Loans by Lenders be made ratably in accordance with their respective Commitments without the prior written consent of each Lender directly affected thereby or (v) change the currency of any Loan or
the currency in which Loans are required to be made by Lenders without the prior written consent of each Lender directly affected thereby; provided further that no such agreement shall waive, amend, modify or otherwise affect the rights or
duties hereunder or under the other Loan Documents of the Administrative Agent without the prior written consent of the Administrative Agent. 

(c)    Notwithstanding anything to the contrary in Section 10.07(b): 

(i)    no consent with respect to any waiver, amendment or other modification of this Agreement or any
other Loan Document shall be required of (A) any Defaulting Lender, except with respect to any amendment, waiver or other modification referred to in Sections 10.07(b)(i) or 10.07(b)(ii) and then only in the event such Defaulting
Lender shall be affected by such amendment, waiver or other modification or (B) in the case of any waiver, amendment or other modification referred to in Section 10.07(b), any Lender that receives payment in
full of the principal of and interest accrued on each Loan made by, and all other amounts owing to, such Lender or accrued for the account of such Lender under this Agreement and the other Loan Documents at the time such amendment, waiver or other
modification becomes effective and whose Commitments terminate by the terms and upon the effectiveness of such amendment, waiver or other modification; 

(ii)    this Agreement may be amended in a manner provided in Section 3.08(c);
and 
 (iii)    any provision of this Agreement or any other Loan Document may be amended by an agreement
in writing entered into by the Borrower and the 

  
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Administrative Agent to cure any ambiguity, omission, mistake, defect or inconsistency so long as, in each case, the Lenders shall have received at least five Business Days prior written notice
thereof and the Administrative Agent shall not have received, within five Business Days of the date of such notice to the Lenders, a written notice from the Required Lenders stating that the Required Lenders object to such amendment. 

(d)    Each Lender shall be bound by any waiver, amendment or modification authorized by this
Section 10.07, and any consent by any Lender pursuant to this Section 10.07 shall bind any assignee of its rights and interests hereunder. 

SECTION 10.08.    Entire Agreement. This Agreement, the other Loan Documents and any separate letter agreements
with respect to fees payable to the Administrative Agent or the Arrangers constitute the entire contract among the parties relative to the subject matter hereof. Any previous agreement among the parties not referred to in the immediately preceding
sentence with respect to the subject matter hereof is superseded by this Agreement and the other Loan Documents, except that this Agreement and the other Loan Documents do not supersede any provision of any commitment letter or engagement letter
entered into in connection herewith that by the express terms thereof survives the execution and delivery hereof. Nothing in this Agreement, expressed or implied, is intended to confer any rights, remedies, obligations or liabilities under or by
reason of this Agreement upon any Person other than the parties hereto, their respective successors and assigns permitted hereby, Participants (to the extent provided in Section 10.04(f)), the Arrangers and, to the extent
expressly contemplated hereby, the Related Parties of any of the Administrative Agent, the Arrangers and the Lenders. 
 SECTION
10.09.    Severability. In the event any one or more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining
provisions contained herein shall not in any way be affected or impaired thereby. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which
comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION
10.10.    Counterparts; Electronic Execution. 
 (a)    This Agreement may be executed in two
or more counterparts, each of which shall constitute an original but all of which when taken together shall constitute but one contract, and shall become effective as provided in Section 10.03. Delivery of an executed
counterpart of a signature page of this Agreement by fax, emailed .pdf or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Agreement.

 (b)    Delivery of an executed counterpart of a signature page (including any Electronic Signature) of this
Agreement, any other Loan Document or any document, amendment, approval, consent, information, notice (including any notice delivered pursuant to Section 10.01), certificate, request, statement, disclosure or authorization related to this
Agreement, any other Loan Document and/or the transactions contemplated hereby and/or thereby (each an “Ancillary Document”) by fax, emailed .pdf or any other electronic means that reproduces an image of the actual executed
signature page shall be effective as delivery of a manually executed counterpart 

  
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hereof or thereof. The words “execution”, “signed”, “signature”, “delivery” and words of like import in or relating to this Agreement, any other Loan
Document and/or any Ancillary Document shall be deemed to include Electronic Signatures, deliveries or the keeping of records in any electronic form (including deliveries by fax, emailed .pdf or any other electronic means that reproduces an image of
an actual executed signature page), each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be;
provided that nothing herein shall require the Administrative Agent to accept Electronic Signatures in any form or format without its prior written consent and pursuant to procedures approved by it; provided, further, without
limiting the foregoing, (i) to the extent the Administrative Agent or the Borrower has agreed to accept any Electronic Signature, the Administrative Agent, the Borrower and the Lenders shall be entitled to rely on such Electronic Signature
purportedly given by or on behalf of the Borrower without further verification thereof and without any obligation to review the appearance or form of any such Electronic Signature and (ii) upon the request of the Administrative Agent, the
Borrower or any Lender, any Electronic Signature shall be promptly followed by a manually executed counterpart. Without limiting the generality of the foregoing, each of the parties hereto hereby (A) agrees that, for all purposes, including in
connection with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the Administrative Agent, the Lenders and the Borrower, Electronic Signatures transmitted by fax, emailed .pdf or any other electronic
means that reproduces an image of an actual executed signature page and/or any electronic images of this Agreement, any other Loan Document and/or any Ancillary Document shall have the same legal effect, validity and enforceability as any paper
original, (B) each of the Administrative Agent, the Borrower and the Lenders may, at its option, create one or more copies of this Agreement, any other Loan Document and/or any Ancillary Document in the form of an imaged electronic record in
any format, which shall be deemed created in the ordinary course of such Person’s business (and all such electronic records shall be considered an original for all purposes and shall have the same legal effect, validity and enforceability as a
paper record), (C) waives any argument, defense or right to contest the legal effect, validity or enforceability of this Agreement, any other Loan Document and/or any Ancillary Document based solely on the lack of paper original copies of this
Agreement, such other Loan Document and/or such Ancillary Document, respectively, including with respect to any signature pages thereto and (D) waives any claim against any the Administrative Agent, the Arranger, any Lender, the Borrower or any
Related Party of any of the foregoing for any losses, claims, demands, damages, penalties, liabilities and expenses of any kind, on any theory of liability, arising solely from the Administrative Agent’s, any Lender’s or the
Borrower’s reliance on or use of Electronic Signatures and/or transmissions by fax, emailed .pdf or any other electronic means that reproduces an image of an actual executed signature page, including any losses, claims, demands, damages,
penalties, liabilities and expenses of any kind, on any theory of liability, arising as a result of the failure of the Borrower to use any available security measures in connection with the execution, delivery or transmission of any Electronic
Signature. 
 SECTION 10.11.    Headings. Article and Section headings and the Table of Contents used herein are
for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

SECTION 10.12.    Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender is
hereby authorized at any time and from time to time, to the 

  
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 fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or
demand, provisional or final) at any time held and other indebtedness at any time owing by such Lender to or for the credit or the account of the Borrower against any of and all of the obligations of the Borrower now or hereafter existing under this
Agreement held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations may be unmatured. Each Lender agrees promptly to notify the Borrower and the Administrative Agent
after such setoff and application made by such Lender, but the failure to give such notice shall not affect the validity of such setoff and application. The rights of each Lender under this Section 10.12 are in addition to
other rights and remedies (including other rights of setoff) which such Lender may have. 
 SECTION
10.13.    Jurisdiction: Consent to Service of Process. 
 (a)    Each party hereto hereby
irrevocably and unconditionally submits, for itself and its property, to the jurisdiction of the United States District Court of the Southern District of New York and of the Supreme Court of the State of New York sitting in New York County, and any
appellate court from any thereof, in any action, litigation or proceeding arising out of or relating to this Agreement or any other Loan Document, or the transactions relating hereto or thereto, or for recognition or enforcement of any judgment, and
each party hereto hereby irrevocably and unconditionally agrees that all claims arising out of or relating to this Agreement or any other Loan Document, or the transactions relating hereto or thereto, brought by it or any of its Affiliates shall be
brought, and shall be heard and determined, exclusively in such federal court or, in the event such federal court lacks subject matter jurisdiction, such New York State court. Each party hereto agrees that a final judgment in any such
action, litigation or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 

(b)    Each of the parties hereto hereby irrevocably and unconditionally waives, to the fullest extent it may legally and
effectively do so, any objection which it may now or hereafter have to the laying of venue of any action, litigation or proceeding arising out of or relating to this Agreement or any other Loan Document or the transactions relating hereto or thereto
in any court referred to in Section 10.13(a). Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action, litigation
or proceeding in any such court. 
 (c)    Each party to this Agreement irrevocably consents to service of process in
the manner provided for notices in Section 10.01. Nothing in this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

SECTION 10.14.    WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER
BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO 

  
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REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.14. 

SECTION 10.15.    Confidentiality. Each of the Administrative Agent and the Lenders expressly agrees for the
benefit of the Borrower and the Subsidiaries, to maintain the confidentiality of the Confidential Information (as defined below), except that Confidential Information may be disclosed (a) to its Affiliates, its auditors and its Related Parties,
including accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Confidential Information and instructed to keep such Confidential
Information confidential or shall be subject to a professional or employment obligation of confidentiality applying to such Confidential Information), (b) to the extent requested by any regulatory authority, (c) to the extent required by
applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement, (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this
Agreement or any other Loan Document or the enforcement of rights hereunder and thereunder, (f) subject to an express agreement for the benefit of the Borrower and the Subsidiaries containing provisions substantially the same as those of this
Section, to any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or to any direct or indirect counterparty to a Hedge Agreement or to any credit insurance provider
relating to the Borrower or its Subsidiaries and their obligations (or, in each case, their respective advisors), (g) with the consent of the Borrower, (h) to the National Association of Insurance Commissioners or any similar organization or
any nationally recognized ratings agency, (i) on a confidential basis to the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to the credit facilities provided for herein or
(j) to the extent such Confidential Information (i) becomes publicly available other than as a result of a breach of this Section, (ii) becomes available to the Administrative Agent or any Lender on a nonconfidential basis from a
source other than the Borrower and the Subsidiaries or (iii) is independently developed by the Administrative Agent or any Lender without reference to the Confidential Information; provided that with respect to disclosures pursuant to
clause (b) above (other than any such disclosure in connection with any routine compliance examination or examination of the financial condition of such Lender by such regulatory authority) and clause (c) above (unless
prohibited by law or applicable court order), the Administrative Agent or such Lender, as the case may be, shall attempt to notify the Borrower of any request by any Governmental Authority or other Person for disclosure of such Confidential
Information after receipt of such request, and if reasonable, practicable and permissible, before disclosure of such Confidential Information. For the purposes of this Section, “Confidential Information” shall mean all information,
including material nonpublic information within the meaning of Regulation FD promulgated by the SEC (“Regulation FD”), received from the Borrower and the Subsidiaries relating to the Borrower and the Subsidiaries or their respective
businesses, other than (x) any such information that is available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by the Borrower and the Subsidiaries and (y) information pertaining to this
Agreement routinely provided by agents or arrangers to data 

  
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service providers, including league table providers, that serve the lending industry; provided that such information is clearly identified at the time of delivery as confidential. Any
Person required to maintain the confidentiality of Confidential Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the
confidentiality of such Confidential Information as such Person customarily accords to its own confidential information. It is understood and agreed that the Borrower and the Subsidiaries and their respective Affiliates may rely upon this
Section 10.15 for any purpose, including to comply with Regulation FD. 
 SECTION
10.16.    USA PATRIOT Act Notice. Each Lender and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act and/or the
Beneficial Ownership Regulation, it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender or the
Administrative Agent, as applicable, to identify the Borrower in accordance with the requirements of the USA PATRIOT Act and the Beneficial Ownership Regulation, and the Borrower agrees to provide such information from time to time upon request to
each Lender and the Administrative Agent. 
 SECTION 10.17.    No Fiduciary Relationship. The Borrower, on behalf
of itself and its Affiliates, agrees that in connection with all aspects of the transactions contemplated hereby and any communications in connection therewith, the Borrower and its Affiliates, on the one hand, and the Credit Parties and their
Affiliates, on the other hand, will have a business relationship that does not create, by implication or otherwise, any fiduciary duty on the part of the Credit Parties or their Affiliates, and no such duty will be deemed to have arisen in
connection with any such transactions or communications. The Credit Parties and their Affiliates may be engaged, for their own accounts or the accounts of customers, in a broad range of transactions that involve interests that differ from those of
the Borrower and its Affiliates, and none of the Credit Parties or their Affiliates has any obligation to disclose any of such interests to the Borrower or any of its Affiliates. To the fullest extent permitted by law, the Borrower hereby agrees not
to assert any claims against any of the Administrative Agent, the Arrangers, the Lenders or their respective Affiliates with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction
contemplated hereby and any communications in connection therewith. 
 SECTION 10.18.    Acknowledgement and Consent
to Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any of the parties hereto, each
party hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and
acknowledges and agrees to be bound by: 
 (a)    the application of any Write-Down and Conversion Powers by the
applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and 

  
 79 

 (b)    the effects of any
Bail-In Action on any such liability, including, if applicable: 

(i)    a reduction in full or in part or cancellation of any such liability; 

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

SECTION 10.19.    Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the
interest rate applicable to any Loan, together with all fees, charges and other amounts that are treated as interest on such Loan under applicable law (collectively the “Charges”), shall exceed the maximum lawful rate (the
“Maximum Rate”) that may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable in respect of such Loan hereunder, together with all
Charges payable in respect thereof, shall be limited to the Maximum Rate; provided that the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of the operation of this Section shall, to
the extent lawful, be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon to the
date of repayment at the rate or rates applicable to such Loan, shall have been received by such Lender. 
 [Rest of page left intentionally
blank] 

  
 80 

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

			
	ZIMMER BIOMET HOLDINGS, INC.
		
	By:	 	 /s/ Pradipto Bagchi

	Name:	 	Pradipto Bagchi
	Title:	 	Vice President and Treasurer

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: JPMORGAN CHASE BANK, N.A.
		
	by	 	 /s/ Gregory T Martin

	Name:	 	Gregory T Martin
	Title:	 	Executive Director

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: CITIBANK, N.A.
		
	by	 	 /s/ Richard Rivera

	Name:	 	Richard Rivera
	Title:	 	Vice President

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: MIZUHO BANK, LTD.
		
	by	 	 /s/ John Davies

	Name:	 	John Davies
	Title:	 	Authorized Signatory

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: BANK OF AMERICA, N.A.
		
	by	 	 /s/ Darren Merten

	Name:	 	Darren Merten
	Title:	 	Director

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: BARCLAYS BANK PLC
		
	by	 	 /s/ Ronnie Glenn

	Name:	 	Ronnie Glenn
	Title:	 	Director

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: BNP Paribas
		
	by	 	 /s/ Brendan Heneghan

	Name:	 	Brendan Heneghan
	Title:	 	Director
		
	by	 	 /s/ Karim Remtoula

	Name:	 	Karim Remtoula
	Title:	 	Vice President

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: DNB Capital LLC
		
	by	 	 /s/ Samantha K Stone

	Name:	 	Samantha K Stone
	Title:	 	Vice President
	
	For any Lender requiring a second signature line:
		
	by	 	 /s/ Ahelia Singh

	Name:	 	Ahelia Singh
	Title:	 	Assistant Vice President

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: HSBC Bank USA, N.A.
		
	by	 	 /s/ Iain P. Stewart

	Name:	 	Iain P. Stewart
	Title:	 	Managing Director

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: GOLDMAN SACHS BANK USA
		
	by	 	 /s/ Rebecca Kratz

	Name:	 	Rebecca Kratz
	Title:	 	Authorized Signatory

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: Morgan Stanley Bank, N.A.
		
	by	 	 /s/ Michael King

	Name:	 	Michael King
	Title:	 	Authorized Signatory

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: MUFG Bank, Ltd.
		
	by	 	 /s/ Reema Sharma

	Name:	 	Reema Sharma
	Title:	 	Director

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: ROYAL BANK OF CANADA
		
	by	 	 /s/ Scott
MacVicar                    

	Name:	 	Scott MacVicar
	Title:	 	Authorized Signatory

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: SUMITOMO MITSUI BANKING CORPORATION

			
		
	by	 	 /s/ Gail
Motonaga                    

	Name:	 	Gail Motonaga
	Title:	 	Executive Director

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: Credit Suisse (Switzerland) Ltd.
		
	by	 	 /s/ Philipp
Horat                    

	Name:	 	Philipp Horat
	Title:	 	Director
	
	For any Lender requiring a second signature line:
		
	by	 	 /s/ Dominic Ruppen

	Name:	 	Dominic Ruppen
	Title:	 	Director

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: TD Bank, N.A.
		
	by	 	 /s/ M. Bernadette
Collins                    

	Name:	 	M. Bernadette Collins
	Title:	 	Senior Vice President

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: UniCredit Bank AG, New York Branch
		
	by	 	 /s/ Fabio Della
Malva                    

	Name:	 	Fabio Della Malva
	Title:	 	Managing Director
		
	by	 	 /s/ Laura Shelmerdine

	Name:	 	Laura Shelmerdine
	Title:	 	Associate Director

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: US Bank, National Association
		
	by	 	 /s/ Michael
West                    

	Name:	 	Michael West
	Title:	 	Senior Vice President

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: Agricultural Bank of China Limited, New York Branch

			
		
	by	 	 /s/ Nelson
Chou                    

	Name:	 	Nelson Chou
	Title:	 	Senior Vice President

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: Bank of China, Chicago Branch
		
	by	 	 /s/ Kai
Wu                                        

	Name:	 	Kai Wu
	Title:	 	SVP & Deputy Branch Manager
	Bank of China, Chicago Branch

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: DZ Bank AG,
	
                          
    Deutsche Zentral-Genossenschaftsbank,

                          
    New York Branch

		
	by	 	 /s/ Oliver Hildenbrand

	Name:	 	Oliver Hildenbrand
	Title:	 	Director
	
	For any Lender requiring a second signature line:
		
	by	 	 /s/ Alexander Dickhoff

	Name:	 	Alexander Dickhoff
	Title:	 	Assistant Vice President

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: The Northern Trust Company
		
	by	 	 /s/ Lisa DeCristofaro        

	Name:	 	Lisa DeCristofaro
	Title:	 	SVP

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 
	
	LENDER SIGNATURE PAGE TO
	 ZIMMER BIOMET HOLDINGS, INC.
 364-DAY REVOLVING CREDIT

	AGREEMENT

  

			
	Name of Lender: LAKE CITY BANK
		
	by	 	 /s/ Cameron V. Plew

	Name:	 	CAMERON V. PLEW
	Title:	 	VICE PRESIDENT – COMMERCIAL BANKING

  
 [Signature Page to
Zimmer 364-Day Revolving Credit Agreement] 

 ANNEX I 

PRICING GRID 
  

															
	 Pricing

Category
	  	Ratings
(S&P/Moody’s)	  	Facility Fee
Rate
(in Basis Points)	 	  	Applicable Margin
for LIBOR Loans (in
Basis Points)	 	  	Applicable
Margin for ABR
Loans (in Basis
Points)	 
	 Category 1
	  	A-/A3 or higher	  	 	6.0	 	  	 	81.5	 	  	 	0.0	 
	 Category 2
	  	BBB+/Baa1	  	 	7.5	 	  	 	92.5	 	  	 	0.0	 
	 Category 3
	  	BBB/Baa2	  	 	9.0	 	  	 	103.5	 	  	 	3.5	 
	 Category 4
	  	BBB-/Baa3	  	 	12.5	 	  	 	112.5	 	  	 	12.5	 
	 Category 5
	  	BB+/Ba1 or lower	  	 	15.0	 	  	 	135.0	 	  	 	35.0	 

 The Applicable Margin and the facility fee rate in effect on any date shall be based on the Ratings (as
defined below) in effect on such date. The ratings to be utilized for purposes of this Annex I are the public ratings assigned by the Rating Agencies to senior, unsecured long-term indebtedness for borrowed money of the Borrower that is not
subject to any credit enhancement (the “Ratings”). The Rating by any Rating Agency in effect at any date is that in effect at the close of business on such date. The Borrower hereby agrees that at all times it shall maintain a
Rating from either S&P or Moody’s. If a Rating is supplied by only one of S&P and Moody’s, then that single Rating shall be determinative. In the case of split Ratings from S&P and Moody’s, the Rating to be used to
determine which pricing category applies shall be the higher of the two Ratings; provided that if the split is more than one full Category, the Category that is one below that applicable to the higher Rating shall be used (e.g. BBB+/Baa3
results in Category 3 and A-/Baa3 in Category 2). For purposes of the Pricing Grid, “Basis Point” shall mean 1/100th of 1%. Capitalized terms used but not otherwise defined in this Annex
I have the meanings given to them in the Credit Agreement to which this Annex I is attached.EX-10.1

 Exhibit 10.1 

AMENDED AND RESTATED STOCK OPTION PLAN 

METAMATERIAL INC. EFFECTIVE MARCH 4, 2020 
  

	1.	 PURPOSE 

The purpose of this stock option plan (the “Plan”) is to authorize the grant to service providers for Metamaterial Inc. (the
“Corporation”) or any of its subsidiaries of options to purchase common shares (“Common Shares”) of the Corporation’s capital and thus benefit the Corporation by enabling it to attract, retain and motivate service providers
by providing them with the opportunity, through share options, to acquire an increased proprietary interest in the Corporation. 
  

	2.	 ADMINISTRATION 

The Plan shall be administered by the board of directors of the Corporation (the “Board”) or a committee established by the Board for
that purpose (the “Committee”). Subject to approval of the granting of options by the Board or Committee, as applicable, the Corporation shall grant options under the Plan. 

The Corporation will maintain a register in respect of each option granted to a Participant (as defined in Section 5) in which will be
recorded: (a) the name and address of the Participant; (b) the date the option was granted (the “Grant Date”); (c) the number of Common Shares issuable under the option as of the Grant Date; (d) the Exercise Price (as
defined in Section 6.2); (e) any vesting conditions; (f) the number of Common Shares issued under the option and the date of such issuance; and (g) the option Expiry Date (as defined in Section 7). 

 

	3.	 SHARES SUBJECT TO PLAN 

Subject to adjustment under the provisions of Section 11 hereof, the aggregate number of Common Shares of the Corporation which may be
issued and sold under the Plan and any other share compensation arrangements of the Corporation will not exceed 16,719,427. To the extent any options expire unexercised or are otherwise surrendered, cancelled or terminated, any Common Shares subject
to such options shall again be available for new grants of options under the Plan. The Corporation shall not, upon the exercise of any option, be required to issue or deliver any Common Shares prior to (a) the admission of such Common Shares to
listing on any stock exchange on which the Corporation’s Common Shares may then be listed, and (b) the completion of such registration or other qualification of such Common Shares under any law, rules or regulation as the Corporation shall
determine to be necessary or advisable. If any Common Shares cannot be issued to any optionee for whatever reason, the obligation of the Corporation to issue such Common Shares shall terminate and any option exercise price paid to the Corporation
shall be returned to the optionee. 

  
 1 

	4.	 LIMITS WITH RESPECT TO CERTAIN GRANTS 

For purposes of the Plan, “Related Person” has the definition set out in the policies of the Canadian Securities Exchange, which as
of the date hereof means: (a) a director or executive officer of the Corporation or of a related entity of the Corporation; (b) an associate of a director or executive officer of the Corporation or of a related entity of the Corporation;
or (c) a permitted assign of a director or executive officer of the Corporation or of a related entity of the Corporation. 
  

	4.1.1	 The number of Common Shares (and other securities) which may be reserved for issuance under the Plan, any other
employee stock option plans or other share based compensation arrangements: 

  

	 	(a)	 to all Related Persons will not exceed, in the aggregate, 10% of the securities of the Common Shares issued and
outstanding at the time of the grant (calculated on a fully- diluted basis); and 

  

	 	(b)	 to any individual Related Person will not exceed, in the aggregate, 5% of the Common Shares issued and
outstanding at the time of the grant (calculated on a fully-diluted basis). 

  

	4.1.2	 The maximum number of Common Shares (and other securities) which may be issued under the Plan, together with
any other previously established or proposed share compensation arrangements, within any one-year period: 

  

	 	(a)	 to all Related Persons will not exceed, in the aggregate, 10% of the Common Shares issued and outstanding
(calculated on a fully-diluted basis); and 

  

	 	(b)	 to any individual Related Person and the associates of the Related Person, must not exceed 5% of the Common
Shares issued and outstanding (calculated on a fully-diluted basis). 

 The above restrictions do not apply to options
granted by the Corporation if shareholder approval is obtained in accordance with the policies of the Canadian Securities Exchange. 
  

	5.	 ELIGIBILITY 

Options shall be granted only to Service Providers for the Corporation. The term “Service Providers” means (a) any full or
part-time employee of the Corporation or any of its subsidiaries (an “Employee”); (b) any executive officer of the Corporation or any of its subsidiaries (an “Officer”); (c) any director of the Corporation or any of its
subsidiaries (a “Director”); and (d) any consultant of the Corporation or any of its subsidiaries (a “Consultant”). The term “consultant” shall have the meaning ascribed thereto in National Instrument 45-106, as
the same may be amended from time to time. Subject to the foregoing, the Board or Committee, as applicable, shall have full and final authority to determine the persons who are to be granted options under the Plan and the number of Common Shares
subject to each option. A Service Provider who has been granted options under the Plan is a “Participant”. 
  

	6.	 TERMS OF OPTIONS 

  

	6.1	 Grants 

Subject to the provisions of this Plan, the Board will have the authority to grant options to Service Providers, and to determine the terms and
conditions applicable to the exercise of those options, including for each option: (a) the number of Common Shares issuable under the option; (b) the Exercise Price; (c) the methods of exercise; (d) the option Expiry Date;
(e) the vesting conditions, if any, of the options; and (f) the events, if any, that could give rise to a termination of the Participant’s rights under the option, and the period in which such a termination can occur. 

  
 2 

	6.2	 Price 

The purchase price (the “Exercise Price”) for the Common Shares of the Corporation under each option shall be determined by the Board
or Committee, as applicable, and shall not be less than the market price, where “market price” shall mean the greater of the closing market price of the Common Shares on any stock exchange on which the Common Shares are listed on
(a) the trading day prior to the Grant Date; and (b) the Grant Date. 
  

	7.	 PERIOD OF OPTION AND RIGHTS TO EXERCISE 

Subject to the provisions of this Section 7 and Sections 8, 9 and 16 below, options will be exercisable in whole or in part, and from time
to time, during the currency thereof. The Option Agreement shall set out the expiry date of such option, with such date not exceeding a term of ten years (the “Expiry Date”). The Common Shares to be purchased upon each exercise of any
option (the “Optioned Shares”) shall be paid for in full at the time of such exercise. Except as provided in Sections 8, 9 and 16 below, no option which is held by a Service Provider may be exercised unless the optionee is then a Service
Provider for the Corporation. 
  

	8.	 CESSATION OF PROVISION OF SERVICES 

 

	8.1	 Unless otherwise determined by the Board or otherwise specified in the relevant Option Agreement (as defined in
Section 14), if a Participant ceases to be a Service Provider: 

  

	8.1.1	 any unvested portion of any option held by that Participant will immediately expire as of the Termination Date;
and 

  

	8.1.2	 any vested portion of any option held by that Participant will expire on the earlier of the option Expiry Date
set by the Board or Committee under Section 7 and: 

  

	 	(a)	 in the case of termination of employment by the Corporation or a subsidiary without cause, a voluntary
resignation or the failure of a Director standing for election to be re- elected, or the failure by the Corporation or a subsidiary to renew a contract for services at the end of its term, the date which is 90 days after the Termination Date;

  

	 	(b)	 in the case of the death of the Participant, the date determined under Section 9; 

 

	 	(c)	 in the case of the Disability or Retirement of the Participant, the date which is 180 days after the
Termination Date; and 

  

	 	(d)	 in all other cases, the Termination Date. 

“Disability” means a physical or mental incapacity or disability that prevents the Participant from performing the essential duties of the
Participant’s employment or service with the Corporation or any subsidiary, and which cannot be accommodated under applicable human rights laws without imposing undue hardship on the Corporation or the Subsidiary employing or engaging the
Participant, as determined by the Board for the purposes of this Plan. 
 “Retirement” means retirement from active employment or service with the
Corporation or a subsidiary (a) at or after age 65; or (b) with the consent of any officer of the Corporation as may be designated for the purposes of this Plan by the Board, at or after any earlier age and on the completion of any number
of years of service as the Board may specify. 

  
 3 

 “Termination Date” means: 

 

	 	(a)	 in the case of an Employee or Officer Participant whose employment or term of office, as the case may be, with
the Corporation or its subsidiary terminates as a result of the Corporation or subsidiary terminating the relationship without cause or by reason of the voluntary resignation of the Participant, the later of: (i) the date that is the last day
of any statutory notice period applicable to the Participant pursuant to applicable employment standards legislation; and (ii) the date that is designated by the Corporation or subsidiary as the last day of the Participant’s employment or
term of office, provided that in the case of termination of employment by voluntary resignation by the Participant, such date shall not be earlier than the date notice of resignation was given. For certainty, except only as expressly required by
applicable employment standards legislation, as amended or replaced, or agreed by the Corporation, no vesting of options will occur following the Termination Date, and by participating in the Plan the Participant waives any damages in lieu thereof
whether pursuant or attributable to any common law notice period or otherwise; 

  

	 	(b)	 in the case of a Director Participant who ceases to hold office, the date upon which the Participant ceases to
hold office; or 

  

	 	(c)	 in the case of a Consultant Participant whose consulting agreement or arrangement with the Corporation or a
subsidiary, as the case may be, terminates for any reason other than for breach of the consulting agreement or arrangement, the date that is designated by the Corporation or the subsidiary, as the case may be, as the date on which the
Participant’s consulting agreement or arrangement is terminated, provided that in the case of voluntary termination by the Participant of the Participant consulting agreement or arrangement, such date shall not be earlier than the date that
notice of voluntary termination was given, and “Termination Date” specifically does not mean the date on which any period of notice of termination that the Corporation or the Related Entity (as the case may be) may be required to provide
to the Participant under the terms of the consulting agreement or arrangement expires. 

  

	8.2	 Options will not be affected by any change of employment or provision of services within or among the
Corporation or any of its subsidiaries, so long as the Participant continues to be a Service Provider. 

  

	8.3	 Unless otherwise specified in the Participant’s Option Agreement or any applicable employment contract of
the Employee with the Corporation or any subsidiary, options granted under this Plan are not part of a Participant’s regular employment or consulting compensation, and no value will be attributed to any options as part of calculating any
Participant’s damages for wrongful dismissal, or any amount due to a Participant with respect to reasonable notice, notice of termination, severance or termination pay, or compensation in lieu of notice. 

 

	9.	 DEATH OF OPTIONEE 

Unless otherwise determined by the Board or Committee, in the event of the death of a Participant, (a) any unvested options on the
Participant’s date of death shall be cancelled; and (b) any vested options on the Participant’s date of death shall be exercisable within, but only within, the period of one year next succeeding the Participant’s date of death
but in no event after the Expiry Date of the Optionee’s options. Before expiry of an option under this Section 9, the Board or Committee, as applicable, shall notify the Participant’s representative in writing of such expiry. 

  
 4 

	10.	 NON-ASSIGNABILITY AND NON-TRANSFERABILITY OF OPTION 

An option granted under the Plan shall be non-assignable and non-transferrable by a Participant otherwise than by will or by laws of descent
and distribution, and such option shall be exercisable, during an optionee’s lifetime, only by the optionee. 
  

	11.	 ADJUSTMENTS IN SHARES AND OPTIONS SUBJECT TO PLAN AND FRACTIONAL SHARES 

 

	11.1	 The aggregate number and kind of Common Shares available under the Plan shall be appropriately adjusted in the
event of a reorganization, recapitalization, stock split, stock dividend, combination of shares, merger, consolidation, rights offering or any other change in the corporate structure or shares of the Corporation. If any such change in the
outstanding Common Shares occurs, the Board or the Committee, as applicable, may make any adjustments to the number and kind of shares covered by such options and/or the Exercise Price, that the Board or Committee determines, in its sole discretion,
appropriate. 

  

	11.2	 No fractional shares will be issued on the exercise of an option. If a Participant becomes entitled to a
fractional share, the Participant will have the right to purchase only the number of full Common Shares that is calculated under the adjustment and no other payment will be made with respect to the fractional share. 

 

	12.	 AMENDMENT AND TERMINATION OF THE PLAN 

 

	 	(a)	 The Board may at any time, subject to the provisions of Section 12(b) below, amend, suspend or terminate
the Plan, or any portion thereof, or options granted thereunder provided that no such amendment, suspension or termination may, without the consent of the affected optionee, adversely alter or impair the rights under any option previously granted to
an optionee under the Plan. Without limiting the generality of the foregoing, the Board shall have the power and authority to make the following types of amendments to the Plan or options granted thereunder without shareholder approval:

  

	 	(i)	 amendments of a ministerial nature including, without limiting the generality of the foregoing, any amendment
for the purpose of curing any ambiguity, error or omission in the Plan or to correct or supplement any provision of the Plan that is inconsistent with any other provision of the Plan; 

 

	 	(ii)	 amendments necessary to comply with the provisions of applicable law (including, without limitation, tax laws
and the rules, regulations and policies of the stock exchange on which the Common Shares of the Corporation may then be listed or any tax legislation); 

  

	 	(iii)	 amendments respecting administration of the Plan; 

 

	 	(iv)	 any amendment to the vesting provisions of the Plan or any option; 

 

	 	(v)	 any amendment to the early termination provisions of the Plan or any option, whether or not such option is held
by an insider, provided such amendment does not entail an extension beyond the original Expiry Date; 

  

	 	(vi)	 any amendment to the termination provisions of the Plan or any option, other than an amendment extending the
term of an option, provided any such amendment does not entail an extension of the expiry date of such option beyond its original Expiry Date; 

  
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	 	(vii)	 the addition or modification of any form of financial assistance by the Corporation; 

 

	 	(viii)	 the addition or modification of a cashless exercise feature, payable in cash or Common Shares, whether or not
there is a full deduction of the number of underlying Common Shares from the Plan reserve; and 

  

	 	(ix)	 any other amendments, whether fundamental or otherwise, not requiring shareholder approval under applicable law
(including without limitation, the rules, regulations and policies of the stock exchange on which the shares may then be listed). 

  

	 	(b)	 Shareholder approval will be required for the following types of amendments to the Plan or options granted
thereunder: 

  

	 	(i)	 increases to the number of Common Shares issuable under the Plan, including an increase to a fixed maximum
number of Common Shares or a change from a fixed maximum number of Common Shares to a fixed maximum percentage; 

  

	 	(ii)	 any amendment which reduces the Exercise Price of an option or a cancellation and re-grant at a lower Exercise
Price less than three months after the related cancellation; 

  

	 	(iii)	 any amendment extending the term of an option beyond its original Expiry Date; (iv) any amendment
broadening any limits imposed on non-employee director participation under the Plan; 

  

	 	(v)	 any amendment respecting transferability or assignability of options under the Plan, other than for normal
estate settlement purposes; and 

  

	 	(vi)	 amendments required to be approved by shareholders under applicable law (including, without limitation, the
rules, regulations and polices of the stock exchange on which the shares may then be listed). 

  

	 	(c)	 In the event of any conflict between the provisions of Section 12(a) and Section 12(b), the
provisions of Section 12(b) shall prevail to the extent of the conflict. Notwithstanding the foregoing, if there is a discrepancy between the provisions of Section 12(a) and Section 12(b) with respect to tax matters,
Section 12(a) shall prevail provided the Board determines that the change is in the best interests of the Corporation after taking into account the impact to the shareholders of the Corporation. 

 

	13.	 EFFECTIVE DATE OF THE PLAN 

The Plan becomes effective on the date set forth on the cover page hereof. 

 

	14.	 EVIDENCE OF OPTIONS 

Each option granted under the Plan shall be embodied in a written option agreement (the “Option Agreement”) between the Corporation
and the optionee which shall give effect to the provisions of the Plan. Subject to specific variations approved by the Board in respect of any option, all terms and conditions set out in this Plan will be incorporated by reference into and form part
of each Option Agreement. 

  
 6 

	15.	 EXERCISE OF OPTION 

  

	15.1	 Subject to the provisions of the Plan and the particular option, an option may be exercised from time to time
by the holder delivering to the Corporation at its registered office a written notice of exercise specifying the number of Common Shares with respect to which the option is being exercised and accompanied by payment in cash or certified cheque for
the full amount of the Exercise Price of the Common Shares then being purchased. 

  

	15.2	 Upon receipt of a certificate of an authorized officer directing the issue of Common Shares purchased under the
Plan, the transfer agent is authorized and directed to issue and countersign share certificates for the Optioned Shares in the name of such optionee or the optionee’s legal personal representative or as may be directed in writing by the
optionee’s legal personal representative. 

  

	15.3	 The Corporation or any subsidiary may take reasonable steps for the withholding of any taxes or other source
deductions that is required by law to remit in connection with the Plan, any option or the issuance of any Common Shares upon the exercise of an option, including (a) deducting and withholding the amount required to be remitted from any cash
remuneration or any other amount payable to a Participant, whether or not related to the Plan, the exercise of options or the issue of any Common Shares; or (b) making the exercise of an option conditional on the Participant paying to the
Corporation or subsidiary the amount required to be remitted. 

  

	16.	 VESTING 

Options issued under the Plan may vest at the discretion of the Board or Committee, as applicable at the time of grant. The Board or Committee,
as applicable, may in their discretion, subsequent to the time of grant, permit an Optionee to exercise any or all of the unvested options then outstanding. Unless otherwise determined by the Board or otherwise specified in an Option Agreement, an
option will vest and become exercisable as follows: (a) 25% of the Common Shares subject to the Option will become available to purchase on the first anniversary of the Grant Date; and (b) 75% of the Common Shares subject to the Option will become
available in equal monthly installments over the three year period commencing immediately after the first anniversary of the Grant Date. 
  

	17.	 NOTICE OF SALE OF ALL OR SUBSTANTIALLY ALL SHARES OR ASSETS 

 

	17.1	 Subject to any specific terms dealing with a Change of Control Transaction in an Option Agreement, in the event
of an actual or potential Change of Control Transaction, the Board has the right, in its sole discretion and on the terms it sees fit, without any action or consent required on the part of any Participant, to deal with any options (or any portion of
any options) in the manner it deems equitable and appropriate in the circumstances, including the right to: 

  

	 	(a)	 determine that any options (or any portion of any options) will remain in full force and effect in accordance
with their terms after the Change of Control Transaction; 

  

	 	(b)	 cause any options (or any portion of any options) to be converted or exchanged for options to acquire shares of
another entity involved in the Change of Control Transaction, having substantially the same value and terms and conditions as the options; 

  

	 	(c)	 accelerate the vesting of any unvested options; 

 

	 	(d)	 provide Participants with a cashless surrender right; and 

  
 7 

	 	(e)	 accelerate the date by which any options (or any portion of any options) must be exercised or surrendered,
after which all rights of the Participants to exercise or surrender such options shall immediately expire and all such options shall terminate. 

  

	17.2	 The Corporation will use commercially reasonable efforts to give the affected Participants written notice of
any determination made by the Board under Section 17 at least 14 days before the effective date of the Change of Control Transaction. 

For these purposes, “Change of Control Transaction” means: 
  

	 	(a)	 the acquisition of a sufficient number of voting securities in the capital of the Corporation so that the
acquiror, together with persons acting jointly or in concert with the acquiror, becomes entitled, directly or indirectly, to exercise more than 50% of the voting rights attaching to the outstanding voting securities in the capital of the Corporation
(provided that, prior to the acquisition, the acquiror, together with persons acting jointly or in concert with the acquiror, was not entitled to exercise more than 50% of the voting rights attaching to the outstanding voting securities in the
capital of the Corporation); 

  

	 	(b)	 the completion of a consolidation, merger, arrangement or amalgamation of the Corporation with or into any
other entity whereby the voting securityholders of the Corporation immediately prior to the consolidation, merger, arrangement or amalgamation receive less than 50% of the voting rights attaching to the outstanding voting securities of the
consolidated, merged, arranged or amalgamated entity; 

  

	 	(c)	 the completion of a sale whereby all or substantially all of the Corporation’s undertakings and assets
become the property of any other entity and the voting securityholders of the Corporation immediately prior to the sale hold less than 50% of the voting rights attaching to the outstanding voting securities of that other entity immediately following
that sale; or 

  

	 	(d)	 any other transaction or series of transactions which, in the reasonable opinion of the Board, constitutes a
change of control of the Corporation, 

 but, unless otherwise determined by the Board, does not include: 

 

	 	(e)	 any issuance from treasury that results in those who are the voting securityholders of the Corporation
immediately prior to that issuance holding less than 50% of the voting rights attaching to the outstanding voting securities of the Corporation immediately following that issuance; or 

 

	 	(f)	 the acquisition of securities of the Corporation by persons who, at the time immediately before the
acquisition, own, or exercise control or direction over, at least 30% of the voting rights attaching to the outstanding voting securities of the Corporation. 

 

	18.	 MISCELLANEOUS 

  

	18.1	 Rights Prior to Exercise 

A Participant shall have no rights whatsoever as a shareholder in respect of any of the Optioned Shares (including any right to receive
dividends or other distributions therefrom or thereon) other than in respect of Optioned Shares in respect of which the optionee shall have exercised the option to purchase hereunder and which the optionee shall have actually taken up and paid for.

  
 8 

	18.2	 No Employment Rights 

Nothing in this Plan or any option will confer on a Participant any right to continue in the employment or service of the Corporation or any
subsidiary or affect in any way the right of the Corporation or subsidiary to terminate the Participant’s employment or service at any time; nor will anything in this Plan or any option be deemed or construed to constitute an agreement, or an
expression of intent, on the part of the Corporation or any subsidiary to extend the employment or service of any Participant beyond the date on which the Participant’s relationship with the Corporation or any subsidiary would otherwise be
terminated due to Retirement or pursuant to the provisions of any employment, consulting or other contract for services with the Corporation or any subsidiary. 
  

	18.3	 No Undertaking or Representation 

The Participants, by participating in this Plan, will be deemed to have accepted all risks associated with acquiring Common Shares pursuant to
this Plan. Each Participant acknowledges that the Common Shares are subject to, and may be required to be held indefinitely under, applicable securities laws. The Corporation and the subsidiaries make no undertaking, representation, warranty or
guarantee as to the future value or price, or as to the listing on any stock exchange or other market, of any Common Shares issued under this Plan, and will not be liable to any Participant for any loss resulting from that Participant’s
participation in this Plan or as a result of the amendment, suspension or termination of this Plan or any option in accordance with its terms. 
  

	18.4	 Notices 

All written notices to be given by a Participant to the Corporation will be delivered personally or by registered mail, postage prepaid,
addressed to the attention of the President at the address of the head office for the Corporation. 
  

	18.5	 Further Assurances 

Each Participant will, when requested to do so by the Corporation, sign and deliver all documents relating to the granting or exercise of
options deemed necessary or desirable by the Corporation. Each Participant will provide the Corporation with all information (including personal information) which is necessary for the administration of this Plan, and each Participant consents to
the collection, use and disclosure of information by the Corporation necessary for the administration of this Plan. 
  

	19.	 GOVERNING LAW 

This Plan shall be construed in accordance with and be governed by the laws of the Province of Ontario and shall be deemed to have been made in
said Province and shall be in accordance with all applicable securities laws. Without prejudice to the ability of the Corporation or any Participant to enforce this Plan or any Option Agreement in any other proper jurisdiction, the Corporation and
each Participant irrevocably and unconditionally submits and attorns to the non-exclusive jurisdiction of the courts of the Province of Ontario to determine all issues, whether at law or in equity, arising from this Plan and each Option Agreement.

  

	20.	 EXPIRY OF OPTION 

On the Expiry Date of any option granted under the Plan, and subject to any extension of such Expiry Date permitted in accordance with the
Plan, such option hereby granted shall forthwith expire and terminate and be of no further force or effect whatsoever as to such of the Optioned Shares in respect of which the option has not been exercised. 

  
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