Document:

EX-10.27

 Exhibit 10.27 

ATKORE INTERNATIONAL GROUP INC. 

2016 OMNIBUS INCENTIVE PLAN 

ARTICLE I 
 PURPOSES 

This Atkore International Group Inc. 2016 Omnibus Incentive Plan, as may be amended from time to time (the “Plan”), has the
following purposes: 
 (1) To further the growth, development and financial success of Atkore International Group Inc. (the
“Company”) and its Subsidiaries (as defined herein), by providing additional incentives to employees, consultants and directors of the Company and its Subsidiaries by assisting them to become owners of Company Common Stock, thereby
benefiting directly from the growth, development and financial success of the Company and its Subsidiaries. 
 (2) To enable the Company (and
its Subsidiaries) to obtain and retain the services of the type of professional and managerial employees, consultants and directors considered essential to the long-range success of the Company (and its Subsidiaries) by providing and offering them
an opportunity to become owners of Company Common Stock pursuant to the Awards granted hereunder. 
 As of the Effective
Date, the Plan replaces and succeeds the Atkore International Group Inc. Stock Incentive Plan (the “Stock Incentive Plan”), and, from and after the Effective Date, no further awards shall be made under the Stock Incentive Plan (but,
for the avoidance of doubt, the adoption of this Plan will have no effect on the terms and conditions of outstanding awards under the Stock Incentive Plan). 

ARTICLE II 
 DEFINITIONS

 Whenever the following terms are used in this Plan, they shall have the meanings specified below unless the context
clearly indicates to the contrary. The singular pronoun shall include the plural where the context so indicates. 
 Section 2.1
“Administrator” shall mean the Board or any committee of the Board designated by the Board to administer the Plan. To the extent Section 162(m) of the Code is applicable to the Company and the Plan, and for those Awards
intended to qualify as performance-based compensation under Section 162(m) of the Code, the Administrator shall mean the Compensation Committee of the Board or such other committee or subcommittee of the Board or the Compensation Committee as
the Board or the Compensation Committee shall designate, consisting of two or more members and an “outside director” within the meaning of Section 162(m) of the Code. In addition, the Administrator with respect to Awards intended to
be exempted from Section 16 of the Exchange Act shall be the Compensation Committee of the Board or such other committee or subcommittee of the Board or the Compensation Committee as the Board or the Compensation Committee shall designate, each
of whom is a “non-employee director” within the meaning of Rule 16b-3, as promulgated under the Exchange Act (or, alternatively, the full Board may act as in the Administrator in such case). 

 Section 2.2 “Affiliate” shall mean, with respect to any Person, any other
Person directly or indirectly controlling, controlled by or under common control with, such Person where “control” shall have the meaning given such term under Rule 405 of the Securities Act. 

Section 2.3 “Alternative Award” shall have the meaning set forth in Section 14.1. 

Section 2.4 “Alternative Performance Awards” shall have the meaning set forth in Section 14.2. 

Section 2.5 “Applicable Laws” shall mean the requirements relating to the administration of stock option, restricted
stock, restricted stock unit and other equity-based compensation plans under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Company Common Stock is listed or quoted
and the applicable laws of any other country or jurisdiction where Awards are granted under the Plan. 
 Section 2.6
“Award” shall mean any Option, Stock Purchase Right, Restricted Stock, Restricted Stock Unit, Performance Share, Performance Unit, SAR, Dividend Equivalent, Deferred Share Unit or other Stock-Based Award granted to a Participant
pursuant to the Plan, including an Award combining two or more types of Awards into a single grant. 
 Section 2.7 “Award
Agreement” shall mean any written agreement, contract or other instrument or document evidencing an Award, including through an electronic medium. The Administrator may provide for the use of electronic, internet or other non-paper Award
Agreements, and the use of electronic, internet or other non-paper means for the Participant’s acceptance of, or actions under, an Award Agreement unless otherwise expressly specified herein. In the event of any inconsistency or conflict
between the express terms of the Plan and the express terms of an Award Agreement, the express terms of the Plan shall govern. 

Section 2.8 “Base Price” shall have the meaning set forth in Section 2.53. 

Section 2.9 “Board” shall mean the Board of Directors of the Company. 

Section 2.10 “Cause” shall mean, unless otherwise provided in the Award Agreement, any of the following:
(a) the Participant’s commission of a crime involving fraud, theft, false statements or other similar acts or commission of any crime that is a felony (or comparable classification in a jurisdiction that does not use these terms);
(b) the Participant’s engaging in any conduct that constitutes an employment disqualification under applicable law with respect to a material portion of the Participant’s work duties; (c) the Participant’s
willful or grossly negligent failure to perform his or her material employment-related duties for the Company and its Subsidiaries, or willful misconduct in the performance of such duties; (d) the Participant’s material violation of
any Company or Subsidiary policy as in effect from time to time; (e) the Participant’s engaging in any act or making any public statement that materially impairs, impugns, denigrates, disparages or negatively reflects upon the name,
reputation or business interests of the Company or its Subsidiaries; or (f) the Participant’s material breach of any Award Agreement, employment 

  
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agreement, or noncompetition, nondisclosure or nonsolicitation agreement to which the Participant is a party or by which the Participant is bound; provided that in the case of any
Participant who, as of the date of determination, is a party to an effective services, severance, consulting or employment agreement with the Company or any Subsidiary of the Company that employs such individual, “Cause” shall have the
meaning, if any, specified in such agreement. A termination for Cause shall be deemed to include a determination by the Administrator following a Participant’s termination of employment that circumstances existing prior to such termination
would have entitled the Company or one of its Subsidiaries to have terminated such Participant’s employment for Cause. All rights a Participant has or may have under the Plan shall be suspended automatically during the pendency of any
investigation by the Administrator or its designee, or during any negotiations between the Administrator or its designee and the Participant, regarding any actual or alleged act or omission by the Participant of the type described in the applicable
definition of Cause. 
 Section 2.11 “Change in Control” shall mean the first to occur of any of the following events
after the Effective Date: 
 (a) the acquisition, directly or indirectly, by any Person (which, for purposes of this
definition, shall include a “group” (as defined in Section 13(d) of the Exchange Act)) of beneficial ownership of more than 30% of the combined voting power of the Company’s then outstanding voting securities, other than any such
acquisition by the Company, any of its Subsidiaries, any employee benefit plan of the Company or any of its Subsidiaries, or by the Investors, or any Affiliates of the foregoing; 

(b) the merger, consolidation or other similar transaction involving the Company, as a result of which (x) Persons
who were holders of voting securities of the Company immediately prior to such merger, consolidation, or other similar transaction do not immediately thereafter beneficially own, directly or indirectly, in substantially the same relative proportions
as immediately prior to such transaction, more than 50% of the combined voting power entitled to vote generally in the election of directors of the merged or consolidated company and (y) the Investors immediately thereafter do not
beneficially own, directly or indirectly, more than 50% of the combined voting power entitled to vote generally in the election of directors of the merged or consolidated company; 

(c) within any 24-month period, the individuals who were members of the Board at the beginning of such period (the
“Incumbent Directors”) shall cease to constitute at least a majority of the Board, provided that any director elected or nominated for election to the Board by any Investor or a majority of the Incumbent Directors still in
office shall be deemed to be an Incumbent Director for purpose of this clause (c); provided, that any member of the Board whose initial assumption of office occurs as a result of (including by reason of the settlement of) an actual or
threatened proxy contest, election contest or other contested election of directors shall in no event be considered an Incumbent Director; 

(d) the approval by the Company’s shareholders of the liquidation or dissolution of the Company (other than a liquidation
that effects in substance a transfer of all or substantially all of the assets of the Company satisfying clause (e) of this definition); or 

  
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 (e) the sale, transfer or other disposition of all or substantially all of the
assets of the Company to one or more Persons that are not any of the Investors and are not, immediately prior to such sale, transfer or other disposition, Affiliates of the Company; 

in each case, provided that, as to Awards subject to Section 409A of the Code the payment or settlement of which will occur by
reason of the Change in Control, such event also constitutes a “change in control” within the meaning of Section 409A of the Code. In addition, notwithstanding the foregoing, (i) a “Change in Control” shall not
be deemed to occur if the Company files for bankruptcy, liquidation or reorganization under the United States Bankruptcy Code or as a result of any restructuring that occurs as a result of any such proceeding and (ii) a Public Offering
shall not constitute a Change in Control. 
 Section 2.12 “Change in Control Price” shall mean the price per share of
Company Common Stock paid in conjunction with any transaction resulting in a Change in Control. If any part of the offered price is payable other than in cash, the value of the non-cash portion of the Change in Control Price shall be determined in
good faith by the Administrator as constituted immediately prior to the Change in Control. 
 Section 2.13 “Code”
shall mean the Internal Revenue Code of 1986, as amended. 
 Section 2.14 “Company” shall mean Atkore International
Group Inc., a Delaware corporation, and any successor thereto. 
 Section 2.15 “Company Common Stock” shall mean the
common stock, par value $0.01 per share, of the Company and such other stock or securities into which such common stock is hereafter converted or for which such common stock is exchanged. 

Section 2.16 “Competitive Activity” shall mean a Participant’s material breach of restrictive covenants relating to
noncompetition, nonsolicitation (of customers or employees) or preservation of confidential information, or other covenants having the same or similar scope, included in an Award Agreement or other agreement to which the Participant and the Company
or any of its Subsidiaries is a party. 
 Section 2.17 “Consultant” shall mean any natural person who is engaged by
the Company or any of its Subsidiaries to render consulting or advisory services to such entity. 
 Section 2.18 “Corporate
Event” shall mean, as determined by the Administrator in its sole discretion, any transaction or event described in Section 4.3(a) or any unusual or nonrecurring transaction or event affecting the Company, any Subsidiary of the
Company, or the financial statements of the Company or any of its Subsidiaries, or changes in applicable laws, regulations or accounting principles (including, without limitation, a recapitalization of the Company). 

Section 2.19 “Deferred Share Unit” shall mean a unit credited to a Participant’s account in the books of the
Company under Article X which represents the right to receive one Share of Company Common Stock or cash equal to the Fair Market Value thereof on settlement of the account. 

  
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 Section 2.20 “Director” shall mean a member of the Board or a member of the
board of directors of any Subsidiary of the Company. 
 Section 2.21 “Disability” shall mean (x) for
Awards that are not subject to Section 409A of the Code, “disability” as such term is defined in in the long-term disability insurance plan or program of the Company or any Subsidiary then covering the Participant and
(y) for Awards that are subject to Section 409A of the Code, “disability” shall have the meaning set forth in Section 409A(a)(2)(c) of the Code; provided that with respect to Awards that are not subject to
Section 409A, in the case of any Participant who, as of the date of determination, is a party to an effective services, severance, consulting or employment agreement with the Company or any Subsidiary of the Company that employs such
individual, “Disability” shall have the meaning, if any, specified in such agreement. 
 Section 2.22 “Dividend
Equivalent” shall mean the right to receive payments, in cash or in Shares, based on dividends paid with respect to Shares. 

Section 2.23 “Effective Date” shall have the meaning set forth in Section 15.7. 

Section 2.24 “Eligible Representative” for a Participant shall mean such Participant’s personal representative or
such other person as is empowered under the deceased Participant’s will or the then applicable laws of descent and distribution to represent the Participant hereunder. 

Section 2.25 “Employee” shall mean any individual classified as an employee by the Company or one of its Subsidiaries,
whether such employee is so employed at the time this Plan is adopted or becomes so employed subsequent to the adoption of this Plan, including any person to whom an offer of employment has been extended (except that any Award granted to such person
shall be conditioned on his or her commencement of service). A person shall not cease to be an Employee in the case of (a) any leave of absence approved by the Company or (b) transfers between locations of the Company or
between the Company, any of its Subsidiaries, or any successor to the foregoing. For purposes of Incentive Stock Options, no such leave may exceed three (3) months, unless reemployment upon expiration of such leave is guaranteed by statute or
contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, the employment relationship shall be deemed to have terminated on the first day immediately following such three (3)-month period, and such
Incentive Stock Option held by the Optionee shall cease to be treated as an Incentive Stock Option and shall be treated for tax purposes as a Non-Qualified Stock Option on the first day immediately following a three
(3)-month period from the date the employment relationship is deemed terminated. 

Section 2.26 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

Section 2.27 “Executive Officer” shall mean each person who is an officer of the Company or any Subsidiary and who is
subject to the reporting requirements under Section 16(a) of the Exchange Act. 

  
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 Section 2.28 “Fair Market Value” of a Share as of any date of determination
shall be: 
 (a) If the Company Common Stock is listed on any established stock exchange or a national market system, then
the closing price on such date per Share as reported as quoted on such stock exchange or system shall be the Fair Market Value for the date of determination; provided, however, as to any Awards granted on or with a date of
determination that is the date of the pricing of the Company’s Public Offering, “Fair Market Value” shall be equal to the per share price the Company Common Stock is offered to the public in connection with such Public Offering. 

(b) If there are no transactions in the Company Common Stock that are available to the Company on any date of determination
pursuant to clause (a) but transactions are available to the Company as of the immediately preceding trading date, then the Fair Market Value determined as of the immediately preceding trading date shall be the Fair Market Value for the date of
determination; or 
 (c) If neither clause (a) nor clause (b) shall apply on any date of determination, then the
Fair Market Value shall be determined in good faith by the Administrator with reference to (x) the most recent valuation of the Company Common Stock performed by an independent valuation consultant or appraiser of nationally recognized
standing selected by the Administrator, if any, (y) sales prices of securities issued to investors in any recent arm’s length transactions, and (z) any other factors determined to be relevant by the Administrator. 

Section 2.29 “Incentive Stock Option” shall mean an Option which qualifies under Section 422 of the Code and is
expressly designated as an Incentive Stock Option in the Award Agreement. 
 Section 2.30 “Investors” means,
collectively, (i) CD&R Allied Holdings, L.P., (ii) any Affiliate thereof and (iii) any successor in interest to any thereof. 

Section 2.31 “normal retirement age” shall have the meaning set forth in the applicable Award Agreement or, if not
defined in the Award Agreement, pursuant to the customary policies of the Company. 
 Section 2.32 “Non-Qualified Stock
Option” shall mean an Option which is not an Incentive Stock Option. 
 Section 2.33 “Non-U.S. Awards” shall
have the meaning set forth in Section 3.5. 
 Section 2.34 “Option” shall mean an option to purchase Company
Common Stock granted under the Plan. The term “Option” includes both an Incentive Stock Option and a Non-Qualified Stock Option. 

Section 2.35 “Option Price” shall have the meaning set forth in Section 6.3. 

Section 2.36 “Optionee” shall mean a Participant to whom an Option or SAR is granted under the Plan. 

  
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 Section 2.37 “Participant” shall mean any Service Provider who has been
granted an Award pursuant to the Plan. 
 Section 2.38 “Performance Award” shall mean Performance Shares, Performance
Units and all other Awards that vest (in whole or in part) upon the achievement of specified Performance Goals. 
 Section 2.39
“Performance Award Conversion” shall have the meaning set forth in Section 14.3. 
 Section 2.40
“Performance Cycle” shall mean the period of time selected by the Administrator during which performance is measured for the purpose of determining the extent to which a Performance Award has been earned or vested. 

Section 2.41 “Performance Goals” means the objectives established by the Administrator for a Performance Cycle pursuant
to Section 9.5 for the purpose of determining the extent to which a Performance Award has been earned or vested. 
 Section 2.42
“Performance Share” means an Award granted pursuant to Article IX of the Plan of a Share or a contractual right to receive a Share (or the cash equivalent thereof) upon the achievement, in whole or in part, of the applicable
Performance Goals. 
 Section 2.43 “Performance Unit” means a U.S. Dollar-denominated unit (or a unit denominated
in the Participant’s local currency) granted pursuant to Article IX of the Plan, payable upon the achievement, in whole or in part, of the applicable Performance Goals. 

Section 2.44 “Person” shall mean an individual, partnership, corporation, limited liability company, business trust,
joint stock company, trust, unincorporated association, joint venture, governmental authority or any other entity of whatever nature. 

Section 2.45 “Plan” shall have the meaning set forth in Article I. 

Section 2.46 “Public Offering” shall mean the first day as of which (i) sales of Company Common Stock are
made to the public in the United States pursuant to an underwritten public offering of the Company Common Stock led by one or more underwriters at least one of which is an underwriter of nationally recognized standing or (ii) the
Administrator has determined that the Company Common Stock otherwise has become publicly traded for this purpose. 
 Section 2.47
“Replacement Awards” shall mean Shares issued in assumption of, or in substitution for, any outstanding awards of any entity acquired in any form or combination by the Company or any of its Subsidiaries. 

Section 2.48 “Restricted Stock” shall mean an Award granted pursuant to Section 8.1. 

Section 2.49 “Restricted Stock Unit” shall mean an Award granted pursuant to Section 8.2. 

Section 2.50 “Securities Act” shall mean the Securities Act of 1933, as amended. 

  
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 Section 2.51 “Service Provider” shall mean an Employee, Consultant, or
Director. 
 Section 2.52 “Share” shall mean a share of Company Common Stock. 

Section 2.53 “Stock Appreciation Right” or “SAR” shall mean the right to receive a payment from the
Company in cash and/or Shares equal to the product of (i) the excess, if any, of the Fair Market Value of one Share on the exercise date over a specified price (the “Base Price”) fixed by the Administrator on the grant
date (which specified price shall not be less than the Fair Market Value of one Share on the grant date), multiplied by (ii) a stated number of Shares. 

Section 2.54 “Stock-Based Award” shall have the meaning set forth in Section 11.1. 

Section 2.55 “Stock Purchase Right” shall mean an Award granted pursuant to Section 5.4. 

Section 2.56 “Subplans” shall have the meaning set forth in Section 3.5. 

Section 2.57 “Subsidiary” shall mean any entity that is directly or indirectly controlled by the Company or any entity
in which the Company directly or indirectly has at least a 50% equity interest, provided that, to the extent required under Section 422 of the Code when granting an Incentive Stock Option, Subsidiary shall mean any corporation in an
unbroken chain of corporations beginning with such entity if each of the corporations other than the last corporation in the unbroken chain then owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of
the other corporations in such chain. 
 Section 2.58 “Termination of employment,” “termination of
service” and any similar term or terms shall mean, with respect to a Director who is not an Employee of the Company or any of its Subsidiaries, the date upon which such Director ceases to be a member of the Board, with respect to a
Consultant who is not an Employee of the Company or any of its Subsidiaries, the date upon which such Consultant ceases to provide consulting or advisory services to the Company or any of its Subsidiaries, and, with respect to an Employee, the date
the Participant ceases to be an Employee; provided that with respect to any Award subject to Section 409A of the Code, such terms shall mean “separation from service,” as defined in Section 409A of the Code and the rules,
regulations and guidance promulgated thereunder. A “termination of employment” or “termination of service” shall not occur if a Director, immediately upon ceasing to be a member of the Board, becomes an Employee of the Company or
any of its Subsidiaries or if an Employee, immediately upon termination of employment with the Company or any of its Subsidiaries, becomes or continues to serve as a member of the Board. 

Section 2.59 “Withholding Taxes” shall mean the federal, state, local or foreign income taxes, withholding taxes or
employment taxes required to be withheld under Applicable Law, which shall be at a rate determined by the Company that is permitted under applicable IRS withholding rules and that does not to cause adverse accounting consequences. 

  
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 ARTICLE III 

ADMINISTRATION 

Section 3.1 Administrator. The Plan shall be administered by the Board or an Administrator appointed by the Board, which
Administrator, unless otherwise determined by the Board, shall be constituted to comply with Applicable Laws, including, without limitation, Section 16 of the Exchange Act and Section 162(m) of the Code, and the listing requirements of the
New York Stock Exchange or any other exchange on which the Shares are listed. 
 Section 3.2 Powers of the Administrator.
Subject to the provisions of the Plan and, in the case of a committee, the specific duties delegated by the Board to such Administrator, and subject to the approval of any relevant authorities, the Administrator shall have the authority in its
discretion to: 
 (a) determine the Fair Market Value; 

(b) determine the type or types of Awards to be granted to each Participant; 

(c) select the Service Providers to whom Awards may from time to time be granted hereunder; 

(d) determine all matters and questions related to the termination of service of a Service Provider with respect to any Award
granted to him or her hereunder, including, but not by way of limitation of, all questions of whether a particular Service Provider has taken a leave of absence, all questions of whether a leave of absence taken by a particular Service Provider
constitutes a termination of service, all questions of whether a termination of service of a particular Service Provider resulted from discharge for Cause, and policies regarding the determination of normal retirement age; 

(e) determine the number of Awards to be granted and the number of Shares to which an Award will relate; 

(f) approve forms of agreement for use under the Plan, which need not be identical for each Service Provider; 

(g) determine the terms and conditions of any Awards granted hereunder (including, without limitation, the exercise price, the
time or times when Awards may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions and any restriction or limitation regarding any Awards or the Company Common Stock relating
thereto) based in each case on such factors as the Administrator, in its sole discretion, shall determine; 
 (h) prescribe,
amend and rescind rules and regulations relating to the Plan, including rules and regulations relating to Subplans established for the purpose of satisfying applicable foreign laws; 

  
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 (i) determine whether, to what extent, and pursuant to what circumstances an
Award may be settled in, or the exercise or purchase price of an Award may be paid in, cash, Company Common Stock, other Awards, or other property, or an Award may be canceled, forfeited or surrendered; 

(j) suspend or accelerate the vesting of any Award granted under the Plan; 

(k) construe and interpret the terms of the Plan and Awards granted pursuant to the Plan; and 

(l) make all other decisions and determinations that may be required pursuant to the Plan or as the Administrator deems
necessary or advisable to administer the Plan. 
 Section 3.3 Delegation by the Administrator. The Administrator may delegate,
subject to such terms or conditions or guidelines as it shall determine, to any officer or group of officers, or Director or group of Directors of the Company or its Affiliates any portion of its authority and powers under the Plan with respect to
Participants who are not Executive Officers or non-employee directors of the Board; provided that any delegation to one or more officers of the Company shall be subject to and comply with Section 157(c) of the Delaware General
Corporation Law (or successor provision). In addition, (i) with respect to any Award intended to qualify as “performance-based” compensation under Section 162(m) of the Code, the Administrator shall mean the Compensation
Committee of the Board or such other committee or subcommittee of the Board or the Compensation Committee as the Board or the Compensation Committee of the Board shall designate, consisting solely of two or more members, each of whom is an
“outside director” within the meaning of Section 162(m) of the Code and (ii) with respect to any Award intended to qualify for the exemption contained in Rule 16b-3 promulgated under the Exchange Act, the Administrator
shall consist of solely two or more “non-employee directors” within the meaning of such rule, or, in the alternative, the entire Board. 

Section 3.4 Compensation, Professional Assistance, Good Faith Actions. The Administrator may receive such compensation for its
services hereunder as may be determined by the Board. All expenses and liabilities incurred by the Administrator in connection with the administration of the Plan shall be borne by the Company. The Administrator may, in its discretion, elect to
engage the services of attorneys, consultants, accountants, appraisers, brokers or other persons. The Administrator, the Company and its officers and Directors shall be entitled to rely upon the advice, opinions or valuations of any such persons.
All actions taken and all interpretations, decisions and determinations made by the Administrator, in good faith shall be final and binding upon all Participants, the Company and all other interested persons. The Administrator’s determinations
under the Plan need not be uniform and may be made by the Administrator selectively among persons who receive, or are eligible to receive, Awards under the Plan, whether or not such persons are similarly situated. The Administrator (and its members)
shall not be personally liable for any action, determination or interpretation made with respect to the Plan or the Awards, and the Administrator (and its members) shall be fully protected by the Company with respect to any such action,
determination or interpretation. 

  
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 Section 3.5 Participants Based Outside the United States. To conform with the
provisions of local laws and regulations, or with local compensation practices and policies, in foreign countries in which the Company or any of its Subsidiaries or Affiliates operate, but subject to the limitations set forth herein regarding the
maximum number of shares issuable hereunder and the maximum award to any single Participant, the Administrator may (i) modify the terms and conditions of Awards granted to Participants employed outside the United States
(“Non-U.S. Awards”), (ii) establish subplans with such modifications as may be necessary or advisable under the circumstances (“Subplans”) and (iii) take any action which it deems advisable
to obtain, comply with or otherwise reflect any necessary governmental regulatory procedures, exemptions or approvals with respect to the Plan. The Administrator’s decision to grant Non-U.S. Awards or to establish Subplans is entirely
voluntary, and at the complete discretion of the Administrator. The Administrator may amend, modify or terminate any Subplans at any time, and such amendment, modification or termination may be made without prior notice to the Participants. The
Company, Subsidiaries, Affiliates and members of the Administrator shall not incur any liability of any kind to any Participant as a result of any change, amendment or termination of any Subplan at any time. The benefits and rights provided under
any Subplan or by any Non-U.S. Award (x) are wholly discretionary and, although provided by either the Company, a Subsidiary or Affiliate, do not constitute regular or periodic payments and (y) except as otherwise required
under Applicable Laws, are not to be considered part of the Participant’s salary or compensation under the Participant’s employment with the Participant’s local employer for purposes of calculating any severance, resignation,
redundancy or other end of service payments, vacation, bonuses, long-term service awards, indemnification, pension or retirement benefits, or any other payments, benefits or rights of any kind. If a Subplan is terminated, the Administrator may
direct the payment of Non-U.S. Awards (or direct the deferral of payments whose amount shall be determined) prior to the dates on which payments would otherwise have been made, and, in the Administrator’s discretion, such payments may be made
in a lump sum or in installments. 
 ARTICLE IV 

SHARES SUBJECT TO PLAN 

Section 4.1 Shares Subject to Plan. 

(a) Subject to Section 4.3, the aggregate number of Shares which may be issued under this Plan is 3,767,500, all of which
may be issued in the form of Incentive Stock Options under the Plan. The Shares issued under the Plan may be authorized but unissued, or reacquired Company Common Stock. No provision of this Plan shall be construed to require the Company to maintain
the Shares in certificated form. Unless the Administrator shall determine otherwise, (x) Awards may not consist of fractional shares and shall be rounded down to the nearest whole Share, and (y) fractional Shares shall not be
issued under the Plan (and shall instead also be rounded as aforesaid). 
 (b) Upon the grant of an Award, the maximum number
of Shares set forth in Section 4.1(a) shall be reduced by the maximum number of Shares that are issued or may be issued pursuant to such Award. If any such Award or portion thereof under this Plan is for any reason forfeited, canceled,
cash-settled, expired or otherwise terminated without the issuance of Shares, the Shares subject to such forfeited, canceled, cash-settled, expired or otherwise terminated Award or award, or portion thereof, shall again be available for grant under
the Plan. If Shares are tendered or withheld from issuance with respect to an Award by the Company in satisfaction 

  
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of any Option Price, Base Price or tax withholding or similar obligations, such tendered or withheld Shares shall again be available for grant under the Plan. Awards which the Administrator
reasonably determines will be settled in cash, and Awards subject to Performance Goals that the Administrator reasonably determines are certain not to be met, shall not (or shall upon such determination cease to) reduce the Plan maximum set forth in
Section 4.1(a). Notwithstanding the foregoing, and except to the extent required by Applicable Law, Replacement Awards shall not be counted against Shares available for grant pursuant to this Plan. 

Section 4.2 Individual Award Limitations. Subject to Section 4.1(a) and Section 4.3, the following individual Award
limits shall apply to the extent Section 162(m) of the Code is applicable to the Company and the Plan, and for those Awards intended to qualify as performance-based compensation under Section 162(m) of the Code: 

(a) No Participant may be granted more than 1,027,500 Options, SARs or any other Award based solely on the increase in value of
the Shares from the date of grant under the Plan in any calendar year. 
 (b) No Participant may be granted more than 685,000
Performance Shares, shares of performance-based Restricted Stock, performance-based Restricted Stock Units or performance-based Dividend Equivalents under the Plan in any calendar year. 

(c) No Participant may be granted Performance Units or any other performance-based Award settled in cash under the Plan in any
calendar year with a value of more than US $5 million (or the equivalent of such amount denominated in the Participant’s local currency). 

In addition, in any calendar year in respect of a non-employee Director’s service to the Company as a non-employee Director, the maximum
Fair Market Value of Shares subject to Awards granted to such Director, and the maximum amount of cash paid to such Director shall not exceed US $500,000 in the aggregate (in each case excluding any additional compensation paid to a non-employee
chairman of the Board for services in such capacity). 
 Section 4.3 Changes in Company Common Stock; Disposition of Assets and
Corporate Events. 
 (a) If and to the extent necessary or appropriate to reflect any stock dividend, extraordinary
dividend, stock split or share combination or any recapitalization, merger, consolidation, exchange of shares, spin-off, liquidation or dissolution of the Company or other similar transaction affecting the Company Common Stock (each, a
“Corporate Event”), the Administrator shall adjust the number of shares of Company Common Stock available for issuance under the Plan, any other limit applicable under the Plan with respect to the number of Awards that may be
granted hereunder, and the number, class and exercise price (if applicable) or Base Price (if applicable) of any outstanding Award, and/or make such substitution, revision or other provisions or take such other actions with respect to any
outstanding Award or the holder or holders thereof, in each case as it determines to be equitable. Without limiting the generality of the foregoing sentence, in the event of any such Corporate Event, the Administrator

  
 12 

 
shall have the power to make such changes as it deems appropriate in (i) the number and type of shares or other securities covered by outstanding Awards, (ii) the prices
specified therein (if applicable), (iii) the securities, cash or other property to be received upon the exercise, settlement or conversion of such outstanding Awards or otherwise to be received in connection with such outstanding Awards
and (iv) any applicable Performance Goals. After any adjustment made by the Administrator pursuant to this Section 4.3, the number of shares subject to each outstanding Award shall be rounded down to the nearest whole number of
whole or fractional shares (as determined by the Administrator), and (if applicable) the exercise price thereof shall be rounded up to the nearest cent. 

(b) Any adjustment of an Award pursuant to this Section 4.3 shall be effected in compliance with Section 422 and 409A
of the Code to the extent applicable. 
 Section 4.4 Award Agreement Provisions. The Administrator may include such further
provisions and limitations in any Award Agreement as it may deem equitable and in the best interests of the Company and its Subsidiaries. 

Section 4.5 Prohibition Against Repricing. From and after a Public Offering, except to the extent (i) approved in
advance by holders of a majority of the Shares entitled to vote generally in the election of directors or (ii) pursuant to Section 4.3 as a result of any Corporate Event or pursuant to Section 14 in connection with a Change in
Control, the Administrator shall not have the power or authority to reduce, whether through amendment or otherwise, the exercise price of any outstanding Option or Base Price of any outstanding SAR or to grant any new Award, or make any cash
payment, in substitution for or upon the cancellation of Options or SARs previously granted and as to which the exercise price or Base Price thereof is in excess of the then-current Fair Market Value of Share. 

ARTICLE V 
 GRANTING OF OPTIONS
AND SARS 
 AND SALE OF COMPANY COMMON STOCK 

Section 5.1 Eligibility. Non-Qualified Stock Options and SARs may be granted to Service Providers. Subject to Section 5.2,
Incentive Stock Options may only be granted to Employees. 
 Section 5.2 Qualification of Incentive Stock Options. No Employee
may be granted an Incentive Stock Option under the Plan if such Employee, at the time the Incentive Stock Option is granted, owns stock possessing more than ten (10) percent of the total combined voting power of all classes of stock of the
Company or any then existing Subsidiary of the Company or “parent corporation” (within the meaning of Section 424(e) of the Code) unless such Incentive Stock Option conforms to the applicable provisions of Section 422 of the
Code. 
 Section 5.3 Granting of Options and SARs to Service Providers. 

(a) Options and SARs. The Administrator may from time to time: 

  
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 (i) Select from among the Service Providers (including those to whom Options or
SARs have been previously granted under the Plan) such of them as in its opinion should be granted Options and/or SARs; 

(ii) Determine the number of Shares to be subject to such Options and/or SARs granted to such Service Provider, and determine
whether such Options are to be Incentive Stock Options or Non-Qualified Stock Options; and 
 (iii) Determine the terms and
conditions of such Options and SARs, consistent with the Plan. 
 (b) SARs may be granted in tandem with Options or may be
granted on a freestanding basis, not related to any Option. Unless otherwise determined by the Administrator at the grant date or determined thereafter in a manner more favorable to the Participant, SARs granted in tandem with Options shall have
substantially similar terms and conditions to such Options to the extent applicable, or may be granted on a freestanding basis, not related to any Option. 

(c) Upon the selection of a Service Provider to be granted an Option or SAR under this Section 5.3, the Administrator
shall issue, or shall instruct an authorized officer to issue, such Option or SAR and may impose such conditions on the grant of such Option or SAR as it deems appropriate. Subject to Section 15.2 of the Plan, any Incentive Stock Option granted
under the Plan may be modified by the Administrator, without the consent of the Optionee, even if such modification would result in the disqualification of such Option as an “incentive stock option” under Section 422 of the Code. 

Section 5.4 Sale of Company Common Stock to Service Providers. The Administrator, acting in its sole discretion, may from time to
time designate one or more Service Providers to whom an offer to sell Shares shall be made and the terms and conditions thereof, provided, however, that the price per Share shall not be less than the Fair Market Value of such Shares on
the date any such offer is accepted. Each Share sold to a Service Provider under this Section 5.4 shall be evidenced by such agreements as shall be approved by the Administrator, which shall contain terms consistent with the terms hereof. Any
Shares sold under this Section 5.4 shall be subject to the same limitations, restrictions and administration hereunder as would apply to any Shares issued pursuant to the exercise of an Option under this Plan including, without limitation,
conditions and restrictions set forth in Section 7.6 below. 
 ARTICLE VI 

TERMS OF OPTIONS AND SARS 

Section 6.1 Award Agreement. Each Option and each SAR shall be evidenced by an Award Agreement, which shall be executed by the
Optionee and an authorized officer and which shall contain such terms and conditions as the Administrator shall determine, consistent with the Plan. Award Agreements evidencing Incentive Stock Options shall contain such terms and conditions as may
be necessary to qualify such Options as “incentive stock options” under Section 422 of the Code. 

  
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 Section 6.2 Exercisability and Vesting of Options and SARs. 

(a) Each Option and SAR shall vest and become exercisable according to the terms of the applicable Award Agreement; provided,
however, that by a resolution adopted after an Option or SAR is granted the Administrator may, on such terms and conditions as it may determine to be appropriate, accelerate the time at which such Option or SAR or any portion thereof may be
exercised. 
 (b) Except as otherwise provided by the Administrator or in the applicable Award Agreement, no portion of an Option or SAR
which is unexercisable on the date that an Optionee incurs a termination of service as a Service Provider shall thereafter become exercisable. 

(c) The aggregate Fair Market Value (determined as of the time the Option is granted) of all Shares with respect to which Incentive Stock
Options are first exercisable by a Service Provider in any calendar year may not exceed $100,000 or such other limitation as imposed by Section 422(d) of the Code, or any successor provision. To the extent that Incentive Stock Options are first
exercisable by a Participant in excess of such limitation, the excess shall be considered Non-Qualified Stock Options. 
 (d) SARs granted in
tandem with an Option shall become vested and exercisable on the same date or dates as the Options with which such SARs are associated vest and become exercisable. SARs that are granted in tandem with an Option may only be exercised upon the
surrender of the right to exercise such Option for an equivalent number of Shares, and may be exercised only with respect to the Shares for which the related Option is then exercisable. 

Section 6.3 Option Price and Base Price. Excluding Replacement Awards, the per Share purchase price of the Shares subject to each
Option (the “Option Price”) and the Base Price of each SAR shall be set by the Administrator and shall be not less than 100% of the Fair Market Value of such Shares on the date such Option or SAR is granted. 

Section 6.4 Expiration of Options and SARs. No Option or SAR may be exercised after the first to occur of the following events:

 (a) Unless a longer period is set forth in the Award Agreement, the expiration of ten (10) years from the date the
Option or SAR was granted; or 
 (b) With respect to an Incentive Stock Option in the case of an Optionee owning (within the
meaning of Section 424(d) of the Code), at the time the Incentive Stock Option was granted, more than 10% of the total combined voting power of all classes of stock of the Company or any Subsidiary, the expiration of five (5) years from
the date the Incentive Stock Option was granted. 

  
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 ARTICLE VII 

EXERCISE OF OPTIONS AND SARS 

Section 7.1 Person Eligible to Exercise. During the lifetime of the Optionee, only the Optionee may exercise an Option or SAR (or
any portion thereof) granted to him or her; provided, however, that the Optionee’s Eligible Representative may exercise his or her Option or SAR or portion thereof during the period of the Optionee’s Disability. After the
death of the Optionee, any exercisable portion of an Option or SAR may, prior to the time when such portion becomes unexercisable under the Plan or the applicable Award Agreement, be exercised by his or her Eligible Representative. 

Section 7.2 Partial Exercise. At any time and from time to time prior to the date on which the Option or SAR becomes unexercisable
under the Plan or the applicable Award Agreement, the exercisable portion of an Option or SAR may be exercised in whole or in part; provided, however, that the Company shall not be required to issue fractional Shares and the
Administrator may, by the terms of the Option or SAR, require any partial exercise to exceed a specified minimum number of Shares. 

Section 7.3 Manner of Exercise. Subject to any generally applicable conditions or procedures that may be imposed by the
Administrator, an exercisable Option or SAR, or any exercisable portion thereof, may be exercised solely by delivery to the Administrator or its designee of all of the following prior to the time when such Option or SAR or such portion becomes
unexercisable under the Plan or the applicable Award Agreement: 
 (a) Notice in writing signed by the Optionee or his or her
Eligible Representative, stating that such Option or SAR or portion is being exercised, and specifically stating the number of Shares with respect to which the Option or SAR is being exercised (which form of notice shall be provided by the
Administrator upon request and may be electronic); 
 (b) A copy of any agreements or other documentation in use by the
Company at the time of exercise (which shall be provided by the Administrator upon request); 
 (c) (i) With respect to the
exercise of any Option, full payment (in cash (through wire transfer only) or by personal, certified, or bank cashier check) of the aggregate Option Price of the Shares with respect to which such Option (or portion thereof) is thereby exercised; or

 (ii) if at a time when the broker-assisted cashless exercise program referred to in clause (iii) is not available,
and unless the Administrator shall determine otherwise, (A) Shares owned by the Optionee duly endorsed for transfer to the Company or (B) Shares issuable to the Optionee upon exercise of the Option, in each case with a Fair
Market Value on the date of Option exercise equal to the aggregate Option Price of the Shares with respect to which such Option (or portion thereof) is thereby exercised; or 

(iii) payment of the Option Price through a broker-assisted cashless exercise program established by the Company; or 

(iv) With the consent of the Administrator, any form of payment of the Option Price permitted by Applicable Laws and any
combination of the foregoing methods of payment. 

  
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 (d) Full payment to the Company (in cash or by personal, certified or bank
cashier check or by any other means of payment approved by the Administrator) of all minimum amounts necessary to satisfy any and all Withholding Taxes arising in connection with the exercise of the Option or SAR (notice of the amount of which shall
be provided by the Administrator as soon as practicable following receipt by the Administrator of the notice of exercise); 

(e) Such representations and documents as the Administrator deems necessary or advisable to effect compliance with all
applicable provisions of the Securities Act and any other federal or state securities laws or regulations. The Administrator shall provide the Optionee or Eligible Representative with all such representations and documents as soon as practicable
following receipt by the Administrator of the notice of exercise. The Administrator may, in its sole discretion, also take whatever additional actions it deems appropriate to effect such compliance including, without limitation, placing legends on
share certificates and issuing stop-transfer orders to transfer agents and registrars; and 
 (f) In the event that the
Option or SAR or portion thereof shall be exercised as permitted under Section 7.1 by any person or persons other than the Optionee, appropriate proof of the right of such person or persons to exercise the Option or SAR or portion thereof. 

Section 7.4 Optionee Representations. The Administrator, in its sole discretion, may require an Optionee to make certain
representations or acknowledgements, on or prior to the purchase of any Shares pursuant to any Option or SAR granted under this Plan, in respect thereof including, without limitation, that the Optionee is acquiring the Shares for an investment
purpose and not for resale, and, if the Optionee is an Affiliate, additional acknowledgements regarding when and to what extent any transfers of such Shares may occur. 

Section 7.5 Settlement of SARs. Unless otherwise determined by the Administrator, upon exercise of a SAR, the Participant shall be
entitled to receive payment in the form, determined by the Administrator, of Shares, or cash, or a combination of Shares and cash having an aggregate value equal to the amount determined by multiplying: 

(a) any increase in the Fair Market Value of one Share on the exercise date over the Base Price of such SAR, by 

(b) the number of Shares with respect to which such SAR is exercised; 

provided, however, that on the grant date, the Administrator may establish, in its sole discretion, a maximum amount per Share
that may be payable upon exercise of a SAR, and provided, further, that in no event shall the value of the Company Common Stock or cash delivered on exercise of a SAR exceed the excess of the Fair Market Value of the Shares with
respect to which the SAR is exercised over the Base Price of such Shares on the grant date of such SAR. 
 Section 7.6 Conditions to
Issuance of Shares. The Company shall evidence the issuance of Shares delivered upon exercise of an Option or SAR in the books and records of the Company or in a manner determined by the Company. Notwithstanding the above, the Company shall not
be required to effect the issuance of any Shares purchased upon the exercise of any Option or SAR or portion thereof prior to fulfillment of all of the following conditions: 

  
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 (a) The admission of such Shares to listing on any and all stock exchanges on
which such class of Company Common Stock is then listed; 
 (b) The completion of any registration or other qualification of
such Shares under any state or federal law or under the rulings or regulations of the U.S. Securities and Exchange Commission or any other local, state, federal or foreign governmental regulatory body, which the Administrator shall, in its sole
discretion, deem necessary or advisable; 
 (c) The obtaining of any approval or other clearance from any state or federal
governmental agency which the Administrator shall, in its sole discretion, determine to be necessary or advisable and 
 (d)
The payment to the Company (or its Subsidiary, as applicable) of all amounts which it is required to withhold under Applicable Law in connection with the exercise of the Option or SAR. 

The Administrator shall not have any liability to any Optionee for any delay in the delivery of Shares to be issued upon an Optionee’s exercise of an
Option or SAR. 
 Section 7.7 Rights as Stockholders. The holder of an Option or SAR shall not be, nor have any of the rights or
privileges of, a stockholder of the Company in respect of any Shares purchasable upon the exercise of any part of an Option or SAR unless and until the Shares attributable to the exercise of the Option or SAR have been issued by the Company to such
holder. 
 Section 7.8 Transfer Restrictions. The Administrator, in its sole discretion, may set forth in an Award Agreement or
in such other agreements to be entered into at the time of exercise, such further restrictions on the transferability of the Shares purchasable upon the exercise of an Option or SAR as it deems appropriate. Any such restriction may be referred to in
the Share register maintained by the Company or otherwise in a manner reflecting its applicability to the Shares. The Administrator may require the Employee to give the Company prompt notice of any disposition of Shares acquired by exercise of an
Incentive Stock Option, within two (2) years from the date of granting such Option or one (1) year after the transfer of such Shares to such Employee. The Administrator may cause the Share register maintained by the Company to refer to
such requirement. 

  
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 ARTICLE VIII 

RESTRICTED STOCK AWARDS AND RESTRICTED STOCK UNIT AWARDS 

Section 8.1 Restricted Stock. 

(a) Grant of Restricted Stock. The Administrator is authorized to make Awards of Restricted Stock to any Service
Provider selected by the Administrator in such amounts and subject to such terms and conditions as determined by the Administrator. All Awards of Restricted Stock shall be evidenced by an Award Agreement. 

(b) Issuance and Restrictions. Restricted Stock shall be subject to such restrictions on transferability and other
restrictions as the Administrator may impose (including, without limitation, limitations on the right to vote Restricted Stock or the right to receive dividends on the Restricted Stock). These restrictions may lapse separately or in combination at
such times, pursuant to such circumstances, in such installments, or otherwise, as the Administrator determines at the time of the grant of the Award or thereafter. 

(c) Issuance of Restricted Stock. The issuance of Restricted Stock granted pursuant to the Plan may be evidenced in such
manner as the Administrator shall determine. 
 Section 8.2 Restricted Stock Units. The Administrator is authorized to make
Awards of Restricted Stock Units to any Service Provider selected by the Administrator in such amounts and subject to such terms and conditions as determined by the Administrator. At the time of grant, the Administrator shall specify the date or
dates on which the Restricted Stock Units shall become fully vested and nonforfeitable, and may specify such conditions to vesting as it deems appropriate. At the time of grant, the Administrator shall specify the settlement date applicable to each
grant of Restricted Stock Units which shall be no earlier than the vesting date or dates of the Award and may permit the settlement date to be determined at the election of the grantee consistent with Section 409A of the Code. Unless otherwise
provided in an award agreement, on the settlement date, the Company shall, subject to the terms of this Plan (including satisfaction of applicable withholding taxes), transfer to the Participant one Share for each Restricted Stock Unit scheduled to
be paid out on such date and not previously forfeited. The Administrator shall specify the purchase price, if any, to be paid by the grantee to the Company for such Shares. 

Section 8.3 Rights as a Stockholder. A Participant shall not be, nor have any of the rights or privileges of, a stockholder in
respect of Restricted Stock Units awarded pursuant to the Plan unless and until the Shares attributable to such Restricted Stock Units have been issued to such Participant. 

ARTICLE IX 
 PERFORMANCE SHARES
AND PERFORMANCE UNITS 
 Section 9.1 Grant of Performance Awards. The Administrator is authorized to make Awards of
Performance Shares and Performance Units to any Participant selected by the Administrator in such amounts and subject to such terms and conditions as determined by the Administrator. All Performance Shares and Performance Units shall be evidenced by
an Award Agreement. 
 Section 9.2 Issuance and Restrictions. The Administrator shall have the authority to determine the
Participants who shall receive Performance Shares and Performance Units, the number of Performance Shares and the number and value of Performance Units each Participant receives for any Performance Cycle, and the Performance Goals applicable in
respect of such Performance Shares and Performance Units for each Performance Cycle. The Administrator shall 

  
 19 

 
determine the duration of each Performance Cycle (the duration of Performance Cycles may differ from one another), and there may be more than one Performance Cycle in existence at any one time.
An Award Agreement evidencing the grant of Performance Shares or Performance Units shall specify the number of Performance Shares and the number and value of Performance Units awarded to the Participant, the Performance Goals applicable thereto, and
such other terms and conditions not inconsistent with the Plan as the Administrator shall determine. No Company Common Stock will be issued at the time an Award of Performance Shares is made, and the Company shall not be required to set aside a fund
for the payment of Performance Shares or Performance Units. 
 Section 9.3 Earned Performance Shares and Performance Units.
Performance Shares and Performance Units shall become earned, in whole or in part, based upon the attainment of specified Performance Goals or the occurrence of any event or events, as the Administrator shall determine, either in an Award Agreement
or thereafter on terms more favorable to the Participant to the extent consistent with Section 162(m). In addition to the achievement of the specified Performance Goals, the Administrator may condition payment of Performance Shares and
Performance Units on such other conditions as the Administrator shall specify in an Award Agreement. The Administrator may also provide in an Award Agreement for the completion of a minimum period of service (in addition to the achievement of any
applicable Performance Goals) as a condition to the vesting of any Performance Share or Performance Unit Award. 
 Section 9.4
Rights as a Stockholder. A Participant shall not have any rights as a stockholder in respect of Performance Shares or Performance Units awarded pursuant to the Plan (including, without limitation, to the right to vote on any matter submitted
to the Company’s stockholders) until such time as the Shares attributable to such Performance Shares or Performance Units have been issued to such Participant or his or her beneficiary. Performance Shares as to which Shares are issued prior to
the end of the Performance Cycle shall, during such period, be subject to such restrictions on transferability and other restrictions as the Administrator may impose (including, without limitation, limitations on the right to vote such Shares or the
right to receive dividends on such Shares). 
 Section 9.5 Performance Goals. The Administrator shall establish the Performance
Goals that must be satisfied in order for a Participant to receive an Award for a Performance Cycle or for an Award of Performance Shares or Performance Units to be earned or vested. At the discretion of the Administrator, the Performance Goals may
be based upon (alone or in combination): (a) net or operating income (before or after taxes); (b) any earnings measure, including without limitation earnings before taxes, interest, depreciation and/or amortization
(“EBITDA”); (c) any measure based on net income or net loss; (d) basic or diluted earnings per share or improvement in basic or diluted earnings per share; (e) sales (including, but not limited
to, total sales, net sales and revenue growth); (f) net operating profit; (g) financial return measures (including, but not limited to, return on assets, capital, invested capital, equity, sales and revenue);
(h) cash flow measures (including, but not limited to, operating cash flow, free cash flow, cash flow return on equity and cash flow return on investment); (i) productivity ratios (including but not limited to measuring
liquidity, profitability and leverage); (j) share price (including, but not limited to, growth measures and total shareholder return); (k) expense/cost management targets; (l) margins (including, but not limited
to, operating margin, net income margin, cash margin, gross, net or operating profit margins or margins based on EBITDA whether or not adjusted); (m)

  
 20 

 
operating efficiency; (n) market share or market penetration; (o) customer targets (including, but not limited to, customer growth and customer satisfaction);
(p) working capital targets or improvements; (q) economic value added; (r) balance sheet metrics (including, but not limited to, inventory, inventory turns, receivables turnover, net asset turnover, debt
reduction, retained earnings, year-end cash, cash conversion cycle and ratio of debt to equity or to earnings or EBITDA); (s) workforce targets (including, but not limited to, diversity goals, employee engagement or satisfaction,
employee retention and workplace health and safety goals); (t) implementation, completion or attainment of measurable objectives with respect to research and development, key products or key projects, lines of business, acquisitions and
divestitures and strategic plan development and/or implementation; (u) comparisons with various stock market indices, peer companies or industry groups or classifications with regard to one more of these criteria, or, for any period of
time in which Section 162(m) is not applicable to the Company and the Plan, or at any time in the case of (A) persons who are not “covered employees” under Section 162(m) of the Code or (B) Awards (whether
or not to “covered employees”) not intended to qualify as performance-based compensation under Section 162(m) of the Code, such other criteria as may be determined by the Administrator. 

Performance Goals may be established on a Company-wide basis or with respect to one or more business units, divisions,
Subsidiaries, or products and may be expressed in absolute terms, or relative to (i) current internal targets or budgets, (ii) the past performance of the Company (including the performance of one or more Subsidiaries,
divisions or operating units), (iii) the performance of one or more similarly situated companies, (iv) the performance of an index covering a peer group of companies or (v) other external measures of the selected
performance criteria. Any performance objective may measure performance on an individual basis, as appropriate. The Administrator may provide for a threshold level of performance below which no Shares or compensation will be granted or paid in
respect of Performance Shares or Performance Units, and a maximum level of performance above which no additional Shares or compensation will be granted or paid in respect of Performance Shares or Performance Units, and it may provide for differing
amounts of Shares or compensation to be granted or paid in respect of Performance Shares or Performance Units for different levels of performance. 

Performance Goals that are financial metrics may be determined in accordance with United States Generally Accepted Accounting
Principles (“GAAP”) or financial metrics that are based on, or able to be derived from GAAP, and may be adjusted when established or at any time thereafter to include or exclude any items otherwise includable or excludable under
GAAP. Without limiting the generality of the immediately preceding sentence, the determination of performance pursuant to such Performance Goals may include or exclude (i) items that are unusual in nature and items that are infrequently
occurring, as determined by the Company’s independent public accountants in accordance with GAAP or (ii) changes in accounting, and (iii) other material extraordinary events such as restructurings; discontinued
operations; asset write-downs; significant litigation or claims, judgments or settlements; acquisitions or divestitures; reorganizations or changes in the corporate structure or capital structure of the Company; foreign exchange gains and losses;
change in the fiscal year of the Company; business interruption events; unbudgeted capital expenditures; unrealized investment gains and losses; and impairments; in the case of each of clauses (i)-(iii) so long as such determination is made in
a manner (and at a time) permitted by Section 162(m) of the Code. Notwithstanding any other provision of this paragraph to the contrary, in no event may any action referred to herein be taken with respect to Awards intended to be
performance-based compensation under Section 162(m) of the Code if the taking of such action would cause such Awards to no longer qualify (and, in such case, the Administrator shall be deemed not to have the discretion to take such action).

  
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 Except in the case of Awards to “covered employees” intended to be performance-based
compensation under Section 162(m) of the Code, the Administrator may also adjust the Performance Goals for any Performance Cycle as it deems equitable in recognition of unusual or non-recurring events affecting the Company, changes in
applicable tax laws or accounting principles, or such other factors as the Administrator may determine. 
 Section 9.6 Special Rule
for Performance Goals. If, at the time of grant, the Administrator intends a Performance Share Award, Performance Unit or other Performance Award to qualify as performance-based compensation within the meaning of Section 162(m) of the Code,
the Administrator must establish Performance Goals for the applicable Performance Cycle prior to the 91st day of the Performance Cycle (or by such other date as may be required under
Section 162(m) of the Code) but not later than the date on which 25% of the Performance Cycle has elapsed. 
 Section 9.7
Negative Discretion. Notwithstanding anything in this Article IX to the contrary, the Administrator shall have the right, in its absolute discretion, (i) to reduce or eliminate the amount otherwise payable to any Participant under
Section 9.9 based on individual performance or any other factors that the Administrator, in its discretion, shall deem appropriate and (ii) to establish rules or procedures that have the effect of limiting the amount payable to each
Participant to an amount that is less than the maximum amount otherwise authorized under the Award or under the Plan. 
 Section 9.8
Affirmative Discretion. Notwithstanding any other provision in the Plan to the contrary, but subject to the maximum number of Shares available for issuance under Article IV of the Plan the Administrator shall have the right, in its
discretion, to grant an Award in cash, Shares or other Awards, or in any combination thereof, to any Participant (except for Awards intended to qualify as performance-based compensation under Section 162(m) of the Code, to the extent
Section 162(m) of the Code is applicable to the Company and the Plan) in a greater amount than would apply under the applicable Performance Goals, based on individual performance or any other criteria that the Administrator deems appropriate.
Notwithstanding any provision of the Plan to the contrary, in no event shall the Administrator have, or exercise, discretion with respect to a Performance Award intended to qualify as performance-based compensation under Section 162(m) of the
Code if such discretion or the exercise thereof would cause such qualification not to be available. 
 Section 9.9 Certification of
Attainment of Performance Goals. As soon as practicable after the end of a Performance Cycle and prior to any payment or vesting in respect of such Performance Cycle, the Administrator shall certify in writing the number of Performance Shares or
other Performance Awards and the number and value of Performance Units that have been earned or vested on the basis of performance in relation to the established Performance Goals. 

  
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 Section 9.10 Payment of Awards. Payment or delivery of Company Common Stock with
respect to earned Performance Shares and earned Performance Units shall be made to the Participant or, if the Participant has died, to the Participant’s Eligible Representative, as soon as practicable after the expiration of the Performance
Cycle and the Administrator’s certification under Section 9.9 above and (unless an applicable Award Agreement shall set forth one or more other dates) in any event no later than the earlier of (i) ninety (90) days after
the end of the fiscal year in which the Performance Cycle has ended and (ii) ninety (90) days after the expiration of the Performance Cycle. The Administrator shall determine and set forth in the applicable Award Agreement whether
earned Performance Shares and the value of earned Performance Units are to be distributed in the form of cash, Shares or in a combination thereof, with the value or number of Shares payable to be determined based on the Fair Market Value of the
Company Common Stock on the date of the Administrator’s certification under Section 9.9 above or such other date specified in the Award Agreement. The Administrator may, in an Award Agreement with respect to the award or delivery of
Shares, condition the vesting of such Shares on the performance of additional service. 
 Section 9.11 Newly Eligible
Participants. Notwithstanding anything in this Article IX to the contrary, the Administrator shall be entitled to make such rules, determinations and adjustments as it deems appropriate with respect to any Participant who becomes eligible to
receive Performance Shares, Performance Units or other Performance Awards after the commencement of a Performance Cycle. 
 ARTICLE X 

DEFERRED SHARE UNITS 

Section 10.1 Grant. Subject to Article III, the Administrator is authorized to make awards of Deferred Share Units to any
Participant selected by the Administrator at such time or times as shall be determined by the Administrator without regard to any election by the Participant to defer receipt of any compensation or bonus amount payable to him. The grant date of any
Deferred Share Unit under the Plan will be the date on which such Deferred Share Unit is awarded by the Administrator or on such other future date as the Administrator shall determine in its sole discretion. Upon the grant of Deferred Share Units
pursuant to the Plan, the Company shall establish a notional account for the Participant and will record in such account the number of Deferred Share Units awarded to the Participant. No Shares will be issued to the Participant at the time an award
of Deferred Share Units is granted. Subject to Article III, Deferred Share Units may become payable on a Corporate Event, termination of employment or on a specified date or dates set forth in the Award Agreement evidencing such Deferred Share
Units. 
 Section 10.2 Rights as a Stockholder. A Participant shall not be, nor have any of the rights and privileges of, a
stockholder of the Company in respect of Deferred Share Units awarded pursuant to the Plan unless and until such time as the Shares attributable to such Deferred Share Units have been issued to such Participant. 

Section 10.3 Vesting. Unless the Administrator provides otherwise at the grant date or provides thereafter in a manner more
favorable to the Participant, Deferred Share Units shall be fully vested and nonforfeitable when granted. 

  
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 Section 10.4 Further Deferral Elections. A Participant may elect to further defer
receipt of Shares issuable in respect of Deferred Share Units (or an installment of an Award) for a specified period or until a specified event and in a manner consistent with Section 409A of the Code, subject in each case to the
Administrator’s approval and to such terms as are determined by the Administrator, all in its sole discretion. Subject to any exceptions adopted by the Administrator, such election must generally be made at least twelve (12) months prior
to the prior settlement date of such Deferred Share Units (or any such installment thereof) and must defer settlement for at least five (5) years after such prior settlement date. A further deferral opportunity does not have to be made
available to all Participants, and different terms and conditions may apply with respect to the further deferral opportunities made available to different Participants. 

Section 10.5 Settlement. Subject to this Article X, upon the date specified in the Award Agreement evidencing the Deferred Share
Units, for each such Deferred Share Unit the Participant shall receive, as specified in the Award Agreement (and subject to satisfaction of applicable withholding taxes), (i) a cash payment equal to the Fair Market Value of one
(1) Share as of such payment date, (ii) one (1) Share or (iii) any combination of clauses (i) and (ii). 

ARTICLE XI 
 OTHER STOCK-BASED
AWARDS 
 Section 11.1 Grant of Stock-Based Awards. The Administrator is authorized to make Awards of other types of
equity-based or equity-related awards (“Stock-Based Awards”) not otherwise described by the terms of the Plan in such amounts and subject to such terms and conditions as the Administrator shall determine. All Stock-Based Awards
shall be evidenced by an Award Agreement. Such Stock-Based Awards may be granted as an inducement to enter the employ of the Company or any Subsidiary or in satisfaction of any obligation of the Company or any Subsidiary to an officer or other key
employee, whether pursuant to this Plan or otherwise, that would otherwise have been payable in cash or in respect of any other obligation of the Company. Such Stock-Based Awards may entail the transfer of actual Shares, or payment in cash or
otherwise of amounts based on the value of Shares and may include, without limitation, Awards designed to comply with or take advantage of the applicable local laws of jurisdictions other than the United States. 

Section 11.2 Automatic Grants for Directors. The Board or the Administrator may institute, by resolution or other corporate
policy, grants of automatic Awards to new and continuing Directors, with the number and type of such Awards, the frequency of grant and all related terms and conditions, including any applicable vesting conditions, as determined by the Administrator
in its sole discretion. 

  
 24 

 ARTICLE XII 

DIVIDEND EQUIVALENTS 

Section 12.1 Generally. Dividend Equivalents may be granted to Participants at such time or times as shall be determined by the
Administrator. Dividend Equivalents may be granted in tandem with other Awards, in addition to other Awards, or freestanding and unrelated to other Awards. The grant date of any Dividend Equivalents under the Plan will be the date on which the
Dividend Equivalent is awarded by the Administrator, or such other date permitted by Applicable Laws as the Administrator shall determine in its sole discretion. Dividend Equivalents may, at the discretion of the Administrator, be fully vested and
nonforfeitable when granted or subject to such vesting conditions as determined by the Administrator; provided, that, unless the Administrator shall determine otherwise in an Award Agreement or thereafter on terms more favorable to a
Participant, Dividend Equivalents with respect to Awards shall not be fully vested until the Awards have been earned and shall be forfeited if the related Award is forfeited. Dividend Equivalents shall be evidenced in writing, whether as part of the
Award Agreement governing the terms of the Award, if any, to which such Dividend Equivalent relates, or pursuant to a separate Award Agreement with respect to freestanding Dividend Equivalents, in each case, containing such provisions not
inconsistent with the Plan as the Administrator shall determine, including customary representations, warranties and covenants with respect to securities law matters. 

ARTICLE XIII 
 TERMINATION AND
FORFEITURE 
 Section 13.1 Termination for Cause; Post-Service Competitive Activity. Unless otherwise determined by the
Administrator at the grant date and set forth in the Award Agreement covering the Award or otherwise in writing or determined thereafter in a manner more favorable to the Participant, if a Participant’s employment or service terminates for
Cause or a Participant engages in Competitive Activity following the Participant’s termination of service, all Options and SARs, whether vested or unvested, and all other Awards that are unvested or unexercisable or otherwise unpaid (or were
unvested or unexercisable or unpaid at the time of occurrence of Cause) shall be immediately forfeited and canceled, effective as of the date of the Participant’s termination of service. Notwithstanding the foregoing, unless otherwise
determined by the Administrator at the grant date and set forth in the Award Agreement covering the Award or otherwise in writing or determined thereafter in a manner more favorable to the Participant, any Award that vested or was paid to the
Participant or otherwise settled during the twelve months prior to or any time after the Participant engaged in (i) the conduct that gave rise to the termination for Cause or (ii) Competitive Activity following the
Participant’s termination of service, shall upon demand by the Administrator be immediately forfeited and disgorged or paid to the Company together with all gains earned or accrued due to the exercise of such Awards or sale of Company Common
Stock issued pursuant to such Awards. 
 Section 13.2 Termination for Any Other Reason. Unless otherwise determined by the
Administrator at the grant date and set forth in the Award Agreement covering the Award or otherwise in writing or determined thereafter in a manner more favorable to the Participant, if a Participant’s employment or service terminates for any
reason other than Cause: 
 (a) All Awards that are unvested or unexercisable shall be immediately forfeited and canceled,
effective as of the date of the Participant’s termination of service; 

  
 25 

 (b) All Options and SARs that are vested shall remain outstanding until
(w) in the case of termination for death or Disability, the first anniversary of the date of the Participant’s death or Disability, (x) in the case of termination by reason of retirement at or following normal retirement
age, the third anniversary of the date of retirement, (y) the three-month anniversary of the effective date of the Participant’s termination for any reason other than death, Disability or retirement at normal retirement age or
(z) the Award’s normal expiration date, whichever is earlier, after which any unexercised Options and SARs shall immediately terminate; and 

(c) All Awards other than Options and SARs that are vested shall be treated as set forth in the applicable Award Agreement (or
in any more favorable manner determined by the Administrator). 
 Section 13.3 Post-Termination Informational Requirements.
Before the settlement of any Award following termination of employment or service, the Administrator may require the Participant (or the Participant’s Eligible Representative, if applicable) to make such representations and provide such
documents as the Administrator deems necessary or advisable to effect compliance with Applicable Law and determine whether the provisions of Section 13.1 or Section 13.4 may apply to such Award. 

Section 13.4 Forfeiture of Awards. Awards granted under this Plan (and gains earned or accrued in connection with Awards) shall be
subject to such generally applicable policies as to forfeiture and recoupment (including, without limitation, upon the occurrence of material financial or accounting errors, financial or other misconduct or Competitive Activity) as may be adopted by
the Administrator or the Board from time to time and communicated to Participants. Any such policies may (in the discretion of the Administrator or the Board) be applied to outstanding Awards at the time of adoption of such policies, or on a
prospective basis only. The Participant shall also forfeit and disgorge to the Company any Awards granted or vested and any gains earned or accrued due to the exercise of Options or SARs or the sale of any Company Common Stock to the extent required
by Applicable Law or regulations in effect on or after the Effective Date, including Section 304 of the Sarbanes-Oxley Act of 2002 and Section 10D of the Exchange Act. For the avoidance of doubt, the Administrator shall have full authority
to implement any policies and procedures necessary to comply with Section 10D of the Exchange Act and any rules promulgated thereunder. The implementation of policies and procedures pursuant to this Section 13.4 and any modification of the
same shall not be subject to any restrictions on amendment or modification of Awards. 
 Section 13.5 Clawbacks. Awards shall be
subject to any generally applicable clawback policy adopted by the Administrator, the Board or the Company that is communicated to the Participants or any such policy adopted to comply with Applicable Law. 

ARTICLE XIV 
 CHANGE IN
CONTROL 
 Section 14.1 Alternative Award. Unless otherwise expressly provided in an Award Agreement and other than with
respect to the Performance Award Conversion, no cancellation, acceleration or other payment shall occur in connection with a Change in Control pursuant to Section 14.3 with respect to any Award or portion thereof as a result of the Change in
Control if the Administrator reasonably determines in good faith, prior to the occurrence of the Change in 

  
 26 

 
Control, that such Award shall be honored or assumed, or new rights substituted therefor following the Change in Control (such honored, assumed or substituted award, an “Alternative
Award”), provided that any Alternative Award must (i) give the Participant who held the Award rights and entitlements substantially equivalent to or better than the rights and terms applicable under the Award immediately
prior to the Change in Control, including an equal or better vesting schedule and that Alternative Awards that are stock options have identical or better methods of payment of the exercise price thereof, (ii) have terms such that if a
Participant’s employment is involuntarily (i.e., by the Company or its successor other than for Cause) or constructively (i.e., by the Participant with “good reason”, which, for a Participant who is a party to an employment agreement
that contains such term, shall be as defined in such employment agreement, and, for a Participant who is not a party to an employment agreement containing such term, shall be determined by the Board prior to the Change in Control so as to be
reasonably protective of the Participant in light of the circumstances of the particular transaction) terminated within two years following a Change in Control at a time when any portion of the Alternative Award is unvested, the unvested portion of
such Alternative Award shall immediately vest in full and such Participant shall receive (as determined by the Board prior to the Change in Control) either (1) a cash payment equal in value to the excess (if any) of the fair market value
of the stock subject to the Alternative Award at the date of exercise or settlement over the price (if any) that such Participant would be required to pay to exercise such Alternative Award or (2) publicly-traded shares or equity
interests equal in value (as determined by the Administrator) to the value in clause (1). 
 Section 14.2 Performance Award
Conversion. Unless otherwise expressly provided in an Award Agreement, upon a Change in Control, then-outstanding Performance Awards shall be modified to remove any Performance Goals applicable thereto and to substitute, in lieu of such
Performance Goals, vesting solely based on the requirement of continued service through, as nearly as is practicable, the date(s) on which the satisfaction of the Performance Goals would have been measured if the Change in Control had not occurred
(or, if applicable, the later period of required service following such measurement date) (such Awards, the “Alternative Performance Awards”), with such service-vesting of the Alternative Performance Awards to accelerate upon the
termination of employment of the holder prior to such vesting date(s) thereof, if such termination of employment satisfies the requirements of clause (ii) of Section 14.1 hereof. The number of Alternative Performance Awards shall be equal
to (i) if less than 50% of the Performance Cycle has elapsed, the target number of Performance Awards pro rated based on the elapsed period of time between the grant date and the date of the Change in Control, and (ii) if 50%
or more of the Performance Cycle has elapsed, a number of Performance Awards based on actual performance through the date of the Change in Control pro rated based on the elapsed period of time between the grant date and the date of the Change in
Control (with the Administrator as constituted prior to the Change in Control making any determinations necessary to determine the pro rata number of Alternative Performance Awards and the vesting date(s) thereof). The conversion of the Performance
Awards into Alternative Performance Awards is referred to herein as the “Performance Award Conversion”. Following the Performance Award Conversion, the Alternative Performance Awards shall either remain outstanding as Alternative
Awards consistent with this Section 14.2 or shall be treated as provided in Section 14.3. 
 Section 14.3 Accelerated
Vesting and Payment. Except as otherwise provided in this Article XIV or in an Award Agreement or thereafter on terms more favorable to a Participant, upon a Change in Control: 

  
 27 

 (a) each vested and unvested Option or SAR shall be canceled in exchange for a
payment equal to the excess, if any, of the Change in Control Price over the applicable Option Price or Base Price; 
 (b)
the vesting restrictions applicable to all other unvested Awards (other than (x) freestanding Dividend Equivalents not granted in connection with another Award and (y) Performance Awards) shall lapse, all such Awards shall
vest and become non-forfeitable and be canceled in exchange for a payment equal to the Change in Control Price; 
 (c) the
Alternative Performance Awards shall be canceled in exchange for a payment equal to the Change in Control Price; 
 (d) all
other Awards (other than freestanding Dividend Equivalents not granted in connection with another Award) that were vested prior to the Change in Control but that have not been settled or converted into Shares prior to the Change in Control shall be
canceled in exchange for a payment equal to the Change in Control Price; and 
 (e) all freestanding Dividend Equivalents not
granted in connection with another Award shall be cancelled without payment therefor. 
 To the extent any portion of the Change in Control
Price is payable other than in cash and/or other than at the time of the Change in Control, Award holders under the Plan shall receive the same value in respect of their Awards (less any applicable exercise price, Base Price or similar feature) as
is received by the Company’s stockholders in respect of their Company Common Stock (as determined by the Administrator), and the Administrator shall determine the extent to which such value shall be paid in cash, in securities or other
property, or in a combination of cash and securities or other property, consistent applicable law. To the extent any portion of the Change in Control Price is payable other than at the time of the Change in Control, the Administrator shall determine
the time and form of payment to the holders of Award consistent with Section 409A of the Code and other applicable law. For avoidance of doubt, upon a Change in Control the Administrator may cancel Options and SARs for no consideration if the
aggregate Fair Market Value of the Shares subject to Options and SARs is less than or equal to the Option Price of such Options or the Base Price of such SARs. 

Section 14.4 Section 409A. Notwithstanding the discretion in Sections 14.1, 14.2 or 14.3, if any Award is subject to
Section 409A of the Code and an Alternative Award would be deemed a non-compliant modification of such Award under Section 409A, then no Alternative Award shall be provided and such Award shall instead be treated as provided in
Section 14.3 or in the Award Agreement (or in such other manner determined by the Administrator that is a compliant modification under Section 409A). 

  
 28 

 ARTICLE XV 

OTHER PROVISIONS 

Section 15.1 Awards Not Transferable. Unless otherwise agreed to in writing by the Administrator, no Award or interest or right
therein or part thereof shall be liable for the debts, contracts or engagements of the Participant or his or her successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any
other means whether such disposition be voluntary or involuntary or by operation of law, by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be
null and void and of no effect; provided, however, that nothing in this Section 15.1 shall prevent transfers by will or by the applicable laws of descent and distribution or, with the prior approval of the Company, estate planning
transfers. 
 Section 15.2 Amendment, Suspension or Termination of the Plan or Award Agreements. 

(a) The Plan may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time
by the Administrator; provided that without the approval by a majority of the shares entitled to vote at a duly constituted meeting of shareholders of the Company, no amendment or modification to the Plan may (i) except as
otherwise expressly provided in Section 4.3, increase the number of Shares subject to the Plan or the individual Award limitations specified in Section 4.2; (ii) modify the class of persons eligible for participation in the
Plan or (iii) materially modify the Plan in any other way that would require shareholder approval under Applicable Law. 

(b) Except as otherwise expressly provided in the Plan, neither the amendment, suspension nor termination of the Plan shall,
without the consent of the holder of the Award, adversely alter or impair any rights or obligations under any Award theretofore granted. Except as provided by Section 4.3, notwithstanding the foregoing, the Administrator at any time, and from
time to time, may amend the terms of any one or more existing Award Agreements, provided, however, that the rights of a Participant under an Award Agreement shall not be adversely impaired without the Participant’s written
consent. The Company shall provide a Participant with notice of any amendment made to such Participant’s existing Award Agreement in accordance with the terms of this Section 15.2(b). 

(c) Notwithstanding any provision of the Plan to the contrary, in no event shall adjustments made by the Administrator pursuant
to Section 4.3 or the application of Section 13.4, Section 14.1, Section 14.2, Section 14.3, Section 15.6 or Section 15.13 to any Participant constitute an amendment of the Plan or of any Award Agreement requiring
the consent of any Participant. 
 (d) No Award may be granted during any period of suspension nor after termination of the
Plan, and in no event may any Award be granted under this Plan after the expiration of ten (10) years from the Effective Date. 

  
 29 

 Section 15.3 Effect of Plan upon Other Award and Compensation Plans. The adoption of
this Plan shall not affect any other compensation or incentive plans in effect for the Company or any of its Subsidiaries. Nothing in this Plan shall be construed to limit the right of the Company or any of its Subsidiaries (a) to
establish any other forms of incentives or compensation for Service Providers or (b) to grant or assume options or restricted stock other than under this Plan in connection with any proper corporate purpose, including, but not by way of
limitation, the grant or assumption of options or restricted stock in connection with the acquisition by purchase, lease, merger, consolidation or otherwise, of the business, stock or assets of any corporation, firm or association. 

Section 15.4 At-Will Employment. Nothing in the Plan or any Award Agreement hereunder shall confer upon the Participant any right
to continue as a Service Provider of the Company or any of its Subsidiaries or shall interfere with or restrict in any way the rights of the Company and any of its Subsidiaries, which are hereby expressly reserved, to discharge any Participant at
any time for any reason whatsoever, with or without Cause. 
 Section 15.5 Titles. Titles are provided herein for convenience
only and are not to serve as a basis for interpretation or construction of the Plan. 
 Section 15.6 Conformity to Securities
Laws. The Plan is intended to conform to the extent necessary with all provisions of the Securities Act and the Exchange Act and any and all regulations and rules promulgated under any of the foregoing, to the extent the Company, any of its
Subsidiaries or any Participant is subject to the provisions thereof. Notwithstanding anything herein to the contrary, the Plan shall be administered, and Awards shall be granted and may be exercised, only in such a manner as to conform to such
laws, rules and regulations. To the extent permitted by applicable law, the Plan and Awards granted hereunder shall be deemed amended to the extent necessary to conform to such laws, rules and regulations. 

Section 15.7 Term of Plan. The Plan shall become effective upon its date of adoption by the Administrator (the “Effective
Date”) and shall continue in effect, unless sooner terminated pursuant to Section 15.2, until the tenth (10th) anniversary of the Effective Date. The provisions of the Plan
shall continue thereafter to govern all outstanding Awards. It is intended that this Plan and the Awards made hereunder shall qualify for the transition rule contained in Treas. Reg. §1.162-27(f)(1) during the period set forth therein to the
maximum extent. 
 Section 15.8 Governing Law. To the extent not preempted by federal law, the Plan shall be construed in
accordance with and governed by the laws of the State of Delaware regardless of the application of rules of conflict of law that would apply the laws of any other jurisdiction. 

Section 15.9 Severability. In the event any portion of the Plan or any action taken pursuant thereto shall be held illegal or
invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provisions had not been included, and the illegal or invalid action
shall be null and void. 

  
 30 

 Section 15.10 Governing Documents. In the event of any express contradiction between
the Plan and any Award Agreement or any other written agreement between a Participant and the Company or any Subsidiary of the Company that has been approved by the Administrator, the express terms of the Plan shall govern, unless it is expressly
specified in such Award Agreement or other written document that such express provision of the Plan shall not apply. 
 Section 15.11
Withholding Taxes. In addition to any rights or obligations with respect to Withholding Taxes under the Plan or any applicable Award Agreement, the Company or any Subsidiary employing a Service Provider shall have the right to withhold from
the Service Provider, or otherwise require the Service Provider or an assignee to pay, any Withholding Taxes arising as a result of grant, exercise, vesting or settlement of any Award or any other taxable event occurring pursuant to the Plan or any
Award Agreement, including, without limitation, to the extent permitted by law, the right to deduct any such Withholding Taxes from any payment of any kind otherwise due to the Service Provider or to take such other actions (including, without
limitation, withholding any Shares or cash deliverable pursuant to the Plan or any Award) as may be necessary to satisfy such Withholding Taxes; provided, however, that in the event that the Company withholds Shares issued or issuable
to the Participant to satisfy all or any portion of the Withholding Taxes, the Company shall withhold a number of whole Shares having a Fair Market Value, determined as of the date of withholding, equal to such Withholding Taxes and any remaining
amount shall be remitted in cash or withheld from cash payable to the Participant; and provided, further, that with respect to any Award subject to Section 409A of the Code, in no event shall Shares be withheld pursuant to this
Section 15.11 (other than upon or immediately prior to settlement in accordance with the Plan and the applicable Award Agreement) other than to pay taxes imposed under the U.S. Federal Insurance Contributions Act (FICA) and any associated U.S.
federal withholding tax imposed under Section 3401 of the Code and in no event shall the value of such Shares (other than upon immediately prior to settlement) exceed the amount of the tax imposed under FICA and any associated U.S. federal
withholding tax imposed under Section 3401 of the Code. The Participant shall be responsible for all Withholding Taxes and other tax consequences of any Award granted under this Plan. 

Section 15.12 Limitation Period For Claims. Any person who believes he or she is being denied any benefit or right under the Plan
shall make a claim in respect of such denial by filing a written notice with the Administrator stating in reasonable detail the nature of the claim and the requested relief therefor. Such notice must be delivered to the Administrator within
forty-five (45) days of the later of the payment date of the award or the specific event giving rise to the claim, and untimely claims shall be barred and will not be considered. The Administrator will notify the Participant of its decision in
writing as soon as administratively practicable. Timely claims not responded to by the Administrator in writing within ninety (90) days of the date the written claim is delivered to the Administrator shall be deemed denied. The
Administrator’s decision on any claim is final, conclusive and binding on all persons. No lawsuit relating to the Plan may be filed before a written claim is filed with the Administrator and is denied or deemed denied, and any lawsuit must be
filed within one year of such denial or deemed denial or be forever barred. 
 Section 15.13 Section 409A. To the extent
that the Administrator determines that any Award granted under the Plan is subject to Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate the terms and conditions required by Section 409A of the Code. To
the extent applicable, the Plan and Award Agreements shall be interpreted in accordance with Section 409A of the Code and Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any
such regulations or other guidance 

  
 31 

 
that may be issued after the adoption of the Plan. Notwithstanding any provision of the Plan to the contrary, in the event that following the adoption of the Plan, the Administrator determines
that any Award may be subject to Section 409A of the Code and related regulations and Department of Treasury guidance (including such Department of Treasury guidance as may be issued after the adoption of the Plan), the Administrator may adopt
such amendments to the Plan and the applicable Award Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Administrator determines are necessary
or appropriate to (a) exempt the Award from Section 409A of the Code and/or preserve the intended tax treatment of the benefits provided with respect to the Award, (b) comply with the requirements of Section 409A of
the Code and related Department of Treasury guidance or (c) comply with any correction procedures available with respect to Section 409A of the Code. Notwithstanding anything else contained in this Plan or any Award Agreement to the
contrary, if a Service Provider is a “specified employee” as determined pursuant to Section 409A under any Company Specified Employee policy in effect at the time of the Service Provider’s “separation from service” (as
determined under Section 409A) or, if no such policy is in effect, as defined in Section 409A of the Code), then, to the extent necessary to comply with, and avoid imposition on such Service Provider of any tax penalty imposed under,
Section 409A of the Code, any payment required to be made to a Service Provider hereunder upon or following his or her separation from service shall be delayed until the first to occur of (i) the
six-month anniversary of the Service Provider’s separation from service and (ii) the Service Provider’s death. Should payments be delayed in accordance with the preceding sentence, the
accumulated payment that would have been made but for the period of the delay shall be paid in a single lump sum during the ten-day period following the lapsing of the delay period. No provision of this Plan or an Award Agreement shall be construed
to indemnify any Service Provider for any taxes incurred by reason of Section 409A (or timing of incurrence thereof), other than an express indemnification provision therefor. 

Section 15.14 Notices. Except as provided otherwise in an Award Agreement, all notices and other communications required or
permitted to be given under this Plan or any Award Agreement shall be in writing and shall be deemed to have been given if delivered personally, sent by email or any other form of electronic transfer approved by the Administrator, sent by certified
or express mail, return receipt requested, postage prepaid, or by any recognized international equivalent of such delivery, (i) in the case of notices and communications to the Company, to its current business address and to the
attention of the Corporate Secretary of the Company or (ii) in the case of a Participant, to the last known address, or email address or, where the individual is an employee of the Company or one of its subsidiaries, to the
individual’s workplace address or email address or by other means of electronic transfer acceptable to the Administrator. All such notices and communications shall be deemed to have been received on the date of delivery, if sent by email or any
other form of electronic transfer, at the time of dispatch or on the third business day after the mailing thereof. 

*  *  *  *  *  *  * 

  
 32EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
  

	
	 GOLDMAN SACHS BANK USA

GOLDMAN SACHS LENDING PARTNERS LLC

200 West Street
 New York, New York
10282-2198

 PERSONAL AND CONFIDENTIAL 

May 29, 2016 
 Great Plains Energy Incorporated 

1200 Main Street 
 Kansas City, Missouri 64105 

 

			
	Attention:	 	Kevin Bryant, Senior Vice President – Finance and Strategy
		 	and Chief Financial Officer

 Project Wizard 

$8.017 Billion Senior Unsecured Bridge Facility 

Commitment Letter 
 Ladies and Gentlemen:

 You have advised Goldman Sachs Bank USA (“Goldman Sachs”) and Goldman Sachs Lending Partners LLC (“GS Lending Partners”
and, together with Goldman Sachs and each Lender (as defined below) that becomes a party hereto in accordance with Section 3 hereof, collectively, the “Commitment Parties,” “we” or
“us”), that Great Plains Energy Incorporated (the “Company” or “you”), intends to acquire (the “Acquisition”) all of the equity interests of a company previously
identified to us and codenamed Sky (the “Target”) pursuant to an Agreement and Plan of Merger to be entered into by and among the Company, a wholly-owned domestic subsidiary of the Company and the Target (the
“Acquisition Agreement”) and to consummate certain transactions described therein and in this Commitment Letter, in each case on the terms and subject to the conditions set forth in this Commitment Letter and Exhibits A and B
(collectively, the “Commitment Letter”). 
 You have also advised us that the total cost of the Acquisition (and related fees, commissions
and expenses (collectively, “Transactions Costs”)) will be provided by a combination of (a) cash on the balance sheet, (b) the issuance by you of a combination of equity securities, equity-linked securities and unsecured debt
securities (the foregoing, collectively, the “Securities”), and/or (c) to the extent that the Securities are not issued on or prior to the closing of the Acquisition, up to $8.017 billion of borrowings under a senior unsecured
364-day term loan facility (the “Bridge Facility”) comprised of (i) a $7.517 billion tranche (“Tranche 1”) which Tranche 1 may be borrowed in lieu of the Securities and (ii) a $500.0 million tranche
(“Tranche 2” and, each of Tranche 1 and Tranche 2, a “Tranche”) which Tranche 2 may be borrowed for the working capital purposes of the Company (other than consummation of the Acquisition), in each case having the
terms set forth in Exhibit A. 
 In addition, you have advised us that you intend to amend (the “Amendment”) the Existing Revolving
Credit Agreement (as defined in Exhibit A), which Amendment shall result in the Borrower having a Capitalization Covenant (as defined in Exhibit A) which, for a period of 364 days following the Closing Date, shall be consistent with the
Capitalization Covenant set forth in Exhibit A under the Section titled “Financial Covenant” and thereafter shall revert to such covenant as set forth in the Existing Revolving Credit Agreement as of the date hereof. 

  
 1 

 The Acquisition, the Bridge Facility, the Amendment and the transactions contemplated by or related to the
foregoing are collectively referred to as the “Transactions”. No other financing will be required for the Transactions. 
  

	1.	Commitments and Agency Roles 

 You hereby appoint Goldman Sachs to act, and Goldman Sachs hereby agrees
to act, as sole and exclusive administrative agent (in such capacity, the “Administrative Agent”) for the Bridge Facility. You hereby appoint Goldman Sachs to act, and Goldman Sachs hereby agrees to act, as sole lead arranger and
sole bookrunner (in such capacities, the “Arranger”) for the Amendment and the Bridge Facility. You agree that no other titles will be awarded and no compensation will be paid (other than as expressly contemplated by this Commitment
Letter and the Fee Letter) in connection with the Bridge Facility unless you and we shall so agree. The Arranger and the Administrative Agent will have the rights and authority customarily given to financial institutions in such roles. Goldman Sachs
is pleased to advise you of its commitment to provide to the Company, severally and not jointly, $3.25 billion of Tranche 1 of the Bridge Facility and GS Lending Partners is pleased to advise you of its commitment to provide to the Company,
severally and not jointly, (i) $4.267 billion of Tranche 1 of the Bridge Facility and (ii) 100% of the aggregate principal amount of Tranche 2 of the Bridge Facility, in each case, on the terms and subject to the conditions set forth in this
Commitment Letter and the Fee Letter referred to below; provided, that any event occurring after the date hereof and prior to the Closing Date (as defined in Exhibit A) that would result in a mandatory prepayment or commitment reduction with
respect to Tranche 1, or a commitment termination with respect to Tranche 2, of the Bridge Facility as set forth in Exhibit A under the Section titled “Mandatory Prepayments and Commitment Reductions” shall reduce on a pro rata basis (or
be allocated between any affiliated Commitment Parties as they may otherwise determine) or (in the case of Tranche 2) terminate, each Commitment Party’s aggregate commitment with respect to such Tranche of the Bridge Facility under this
Commitment Letter on a dollar-for-dollar basis. 
 The Arranger is also pleased to agree to use commercially reasonable efforts to solicit the consent of
the “Required Lenders” (under and as defined in the Existing Revolving Credit Agreement) to the Amendment. 
 Our fees for services related to the
Amendment and the Bridge Facility are set forth in a separate fee letter (the “Fee Letter”) between you and us entered into on the date hereof. As consideration for the execution and delivery of this Commitment Letter by us, you
agree to pay the fees and expenses set forth in the Fee Letter as and when payable in accordance with the terms hereof and thereof. 
  

	2.	Conditions Precedent 

 Our commitments hereunder and our agreements to perform the services described
herein are subject only to the satisfaction or waiver of the conditions set forth in Exhibit B.
 Notwithstanding anything to the contrary contained in this
Commitment Letter, the Fee Letter, the Loan Documents (as defined below) or any other letter agreement between you and us concerning the financing of the Transactions to the contrary, (i) the only representations and warranties the accuracy of which
will be a condition to the availability of the Bridge Facility on the Closing Date will be (a) the representations made by or with respect to the Target in the Acquisition Agreement that are material to the interests of the Lenders (but only to the
extent that the breach of such representations would permit you or your applicable subsidiary to terminate your obligations under the Acquisition Agreement or to decline to close 

  
 2 

 
the Acquisition as a result of a breach of such representations in the Acquisition Agreement) (the “Target Representations”) and (b) the Specified Representations (as defined
below) and (ii) the terms of the Loan Documents shall be in a form such that they do not impair the availability of the Bridge Facility on the Closing Date if the conditions set forth herein are satisfied. For purposes hereof, “Specified
Representations” means the representations and warranties of the Company referred to in Exhibit A relating to corporate existence of the Company, corporate power and authority to enter into the Loan Documents; due authorization, execution
and delivery and enforceability of the Loan Documents; no conflicts of the Loan Documents with (i) the Company’s organizational documents, (ii) any applicable law or governmental order in any material respect or (iii) any indenture, instrument
or agreement for committed or funded indebtedness of the Company in excess of $100.0 million; Investment Company Act; margin stock; solvency (to be defined in a manner consistent with the solvency definition set forth in Annex I to Exhibit B);
Patriot Act; OFAC; FCPA; other anti-terrorism laws; and anti-money laundering laws. There shall be no conditions to closing and funding the Bridge Facility other than those set forth in Exhibit B. 

 

	3.	Syndication 

 The Arranger intends promptly after the date hereof, and reserves the right, to seek the
required consent to the Amendment and to syndicate the Bridge Facility to the Lenders (as such term is defined in Exhibit A), which syndication may occur in one or more stages. The Arranger will lead the syndication in consultation with you,
including determining the timing of all offers to prospective Lenders, any title of agent or similar designations or roles awarded to any Lender and the acceptance of commitments, the amounts offered and the compensation provided to each Lender from
the amounts to be paid to the Arranger pursuant to the terms of this Commitment Letter and the Fee Letter, and will, in consultation with you and on terms consistent with this Commitment Letter and the Fee Letter, determine the final commitment
allocations. Each of Goldman Sachs’ and GS Lending Partner’s commitments hereunder with respect to each Tranche of the Bridge Facility shall be reduced within such Tranche on a pro rata basis (or allocated between them as they may
otherwise determined; provided, that such allocation shall not change the combined commitment reduction required under the terms hereof with respect to such affiliated Commitment Parties) dollar for dollar basis as and when commitments for
such Tranche of the Bridge Facility are received from Lenders to the extent that each such Lender becomes (i) party to this Commitment Letter as an additional “Commitment Party” pursuant to a joinder agreement or other documentation
reasonably satisfactory to the Arranger and you (each a “Joinder Agreement”) or (ii) party to the Bridge Loan Agreement (as defined below) as a “Lender” thereunder. With respect to any syndication, assignment or
participation other than through a Lender becoming party to this Commitment Letter or the Bridge Loan Agreement as set forth in the preceding sentence, each of Goldman Sachs and GS Lending Partners shall not be relieved, released or novated from its
commitments hereunder until the funding on the Closing Date has occurred. The Company agrees to use commercially reasonable efforts to ensure that the Arranger’s syndication efforts benefit from the existing lending and investment banking
relationships of the Company. To facilitate an orderly and successful syndication of the Bridge Facility, you agree that, until the earliest of (a) the termination by the Arranger of syndication of the Bridge Facility, (b) 60 days following the
Closing Date and (c) the date a “successful syndication” of the Bridge Facility (as defined in the Fee Letter) is achieved (the “Syndication Date”), you will not, and agree to use commercially reasonable efforts (to the
extent not in contravention of the Acquisition Agreement) to ensure that the Target will not, syndicate or issue, attempt to syndicate or issue, or announce or authorize the announcement of the syndication or issuance of, any competing debt facility
or debt or equity security of the Target or the Company or any of their respective subsidiaries, including any renewal or refinancing of any existing debt facility or debt security (other than (i) existing ordinary course bilateral working capital
facilities, (ii) commercial paper issuance, letters of credit and swap agreements, (iii) the Bridge Facility, (iv) the Securities, (v) the Amendment and any other extensions, refinancings and renewals of existing indebtedness that is scheduled to
mature while any commitments or loans with respect to the 

  
 3 

 
Bridge Facility may be outstanding (provided that any such extension, refinancing or renewal shall not increase the aggregate commitments or principal amount thereof and the Arranger shall
act as the “lead left” arranger with respect to any indebtedness of the Company, but not its subsidiaries), (vi) accounts receivables facilities, (vii) purchase money and asset financing incurred in the ordinary course of business; (viii)
trade and customer related financing in the ordinary course of business and (ix) debt issuances, extensions and amendments by the Target and its subsidiaries prior to the Closing Date permitted under the Acquisition Agreement), in each case without
the prior written consent of the Arranger (not to be unreasonably withheld or delayed), in each case if the announcement, syndication or issuance of such facilities or securities would reasonably be expected to interfere with the syndication of the
Bridge Facility as reasonably determined by the Arranger. 
 Until the Syndication Date, you agree to, and agree to use commercially reasonable efforts to
cause the Target to assist, but in all instances subject to, and not in contravention of, the terms of the Acquisition Agreement, the Arranger in achieving a syndication of the Bridge Facility that is reasonably satisfactory to the Arranger and you,
including providing, upon reasonable request by the Arranger, information customary for transactions of this type reasonably deemed necessary by the Arranger to complete such syndication, including using your commercially reasonable efforts in:
(i) assisting in the preparation of a customary information memorandum (the “Information Memorandum”), a customary lender presentation (the “Lender Presentation”) and other customary presentation materials
(collectively, the “Facility Marketing Materials”) reasonably acceptable in form and content to the Arranger and you regarding the business, operations, financial projections and prospects of the Company and the Target (including
the financial information and projections described in Exhibit B) including without limitation the delivery of all information relating to the Transactions prepared by or on behalf of the Company that the Arranger deems reasonably necessary to
complete the syndication of the Bridge Facility; (ii) using commercially reasonable efforts to obtain prior to the launch of general syndication updated ratings of the Company’s senior unsecured indebtedness from Moody’s and from S&P
(each as defined in Exhibit A); (iii) arranging for direct communications with prospective Lenders in connection with the syndication of the Bridge Facility (including without limitation direct contact with senior management of the Company); (iv)
hosting (including any preparations with respect thereto) with the Arranger at places and times to be mutually agreed by the Arranger and the Company one or more meetings with prospective Lenders; and (v) executing one or more Joinder Agreements at
the reasonable request of the Arranger. Notwithstanding anything to the contrary contained in this Commitment Letter, the Fee Letter or any other letter agreement, the Loan Documents or other undertaking concerning the financing of the Transactions
contemplated hereby, neither the commencement nor the completion of the syndication of the Bridge Facility constitute a condition to the availability or funding of the Bridge Facility on the Closing Date. It is also understood that you will not be
required to provide any information to the extent that the provision thereof would violate (i) any attorney-client privilege, (ii) any law, rule or regulation applicable to you, the Target or your or its respective affiliates or (iii) any obligation
of confidentiality from a third party binding on you, the Target or your or its respective affiliates (so long as such confidentiality obligation was not entered into in contemplation of the Transactions); provided that in the event
that you do not provide information in reliance on this sentence, you shall provide notice to the Arranger that such information is being withheld and you shall use your commercially reasonable efforts to communicate, to the extent feasible, the
applicable information in a way that would not violate the applicable obligation or risk waiver of such privilege. 
 You will be solely responsible for the
contents of the Facility Marketing Materials and all other information, documentation or other materials delivered to us in connection therewith and you acknowledge that we will be using and relying upon such information without independent
verification thereof.

  
 4 

 You understand that certain prospective Lenders (such Lenders, “Public Lenders”) may have
personnel that do not wish to receive MNPI (as defined below). At the Arranger’s request, you agree to assist in the preparation of an additional version of the Facility Marketing Materials that does not contain material non-public information
(for purposes of United States federal or state securities laws) concerning you, the Target or your or its respective subsidiaries or your or its respective securities (collectively, “MNPI”) which is suitable to make available to
Public Lenders. You acknowledge and agree that the following documents may be distributed to Public Lenders (after you have been given a reasonable opportunity to review such documents), unless you advise the Arranger in writing (including by email)
prior to their distribution that such material should only be distributed to prospective private Lenders: (a) drafts and final versions of an amendment to the Existing Revolving Credit Facility and the definitive loan documents relating to the
Bridge Facility, which shall be comprised of a credit agreement (the “Bridge Loan Agreement”) and notes (if any) (collectively, the “Loan Documents”); (b) administrative materials prepared by the Arranger for
prospective Lenders (including without limitation a lender meeting invitation, allocations and funding and closing memoranda); and (c) term sheets and notification of changes in the terms and conditions of the Bridge Facility. Before distribution of
any Facility Marketing Materials in connection with the syndication of the Bridge Facility (i) to prospective Lenders that are not Public Lenders, you will provide us with a customary letter authorizing the dissemination of such materials and (ii)
to prospective Public Lenders, you will provide us with a customary letter authorizing the dissemination of information that does not contain MNPI (the “Public Information Materials”) to Public Lenders and confirming the absence of
MNPI therein. The Facilities Marketing Materials provided to Lenders and prospective Lenders will be accompanied by a disclaimer exculpating the Company, the Target and us with respect to any use thereof and of any related materials by the
recipients thereof. In addition, at the Arranger’s request, you will use commercially reasonable efforts to identify Public Information Materials by marking the same as “PUBLIC”. 

 

	4.	Information 

 You represent and warrant that (with respect to information relating to the Target and its
subsidiaries, to the best of your knowledge) (i) all written information (other than projections, estimates, forecasts and other information of a general economic or industry specific nature) that has been or will be made available to the
Arranger, each Commitment Party or the Lenders directly or indirectly by or on behalf of the Company or the Target in connection with the Transactions is and will be when furnished, when taken as a whole, correct in all material respects and does
not and will not contain when furnished, when taken as a whole, any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein not misleading in light of the circumstances under which such
statements are made (in each case after giving effect to all supplements and updates provided thereto) and (ii) the projections and other forward-looking information that have been or will be made available to the Arranger, each Commitment
Party or the Lenders directly or indirectly by or on behalf of the Company or the Target in connection with the Transactions have been and will be prepared in good faith based upon assumptions that are believed by you to be reasonable when made and
when made available to the Arranger, each Commitment Party, the Lenders and their respective affiliates; it being understood that the projections and other forward-looking information are as to future events and are not to be viewed as facts, are
subject to significant uncertainties and contingencies, many of which are out of your control, that no assurance can be given that any particular projections will be realized and that actual results during the period or periods covered by any such
projections may differ significantly from the projected results and such differences may be material. You agree that if at any time prior to the later of (x) the Closing Date and (y) the earlier of (i) 60 days following the Closing Date and
(ii) the Syndication Date, any of the representations in the preceding sentence would be incorrect (to the best of your knowledge insofar as it applies to information concerning the Target and its subsidiaries), then you will promptly supplement, or
cause to be supplemented (or, with respect to information concerning the Target and its subsidiaries, use commercially reasonable efforts to supplement), the information and projections so that 

  
 5 

 
such representations will be correct in light of the circumstances in which such statements are made (to the best of your knowledge insofar as it applies to information concerning the Target and
its subsidiaries). You understand that in providing our services pursuant to this Commitment Letter we may use and rely on the information and projections without independent verification thereof. 

 

	5.	Indemnification 

 You hereby agree to indemnify upon demand and hold harmless the Administrative Agent,
the Arranger, each Lender (including in any event each Commitment Party) and their respective affiliates and each partner, trustee, shareholder, director, officer, employee, advisor, representative, agent, attorney and controlling person thereof
(each of the above, an “Indemnified Person”), from and against any and all actions, suits, proceedings (including any investigations or inquiries), claims, losses, damages, liabilities or expenses (including legal expenses), joint
or several, of any kind or nature whatsoever that may be brought or threatened by the Company, the Target or any of their respective affiliates or any other person or entity and which may be incurred by or asserted against or involve any Indemnified
Person (whether or not any Indemnified Person is a party to such action, suit, proceeding or claim) as a result of or arising out of or in any way related to or resulting from the Acquisition, this Commitment Letter, the Fee Letter, the Bridge
Facility, the Transactions or any related transaction contemplated hereby or thereby or any use or intended use of the proceeds of the Bridge Facility; provided that you will not have to indemnify an Indemnified Person against any claim,
loss, damage, liability or expense to the extent the same resulted from (A) the gross negligence or willful misconduct of such Indemnified Person or any of its affiliates or related parties, (B) any material breach of the obligations of such
Indemnified Person or any of its affiliates or related parties under this Commitment Letter, the Fee Letter or any Loan Documents or (C) any dispute among Indemnified Persons that does not involve an act or omission by you or any of your
subsidiaries (other than any claims against the Administrative Agent or the Arranger in their capacity as such but subject to clause (A) above), in the case of clauses (A) through (C), to the extent determined by a court of competent jurisdiction in
a final and non-appealable judgment; provided, further, that you shall not be required to reimburse the costs of more than one counsel to all Indemnified Persons (and, if reasonably necessary, one local counsel in any relevant
jurisdiction or one specialist counsel in any applicable specialty approved by you) and, solely in the case of an actual or potential conflict of interest, of one additional counsel (and if reasonably necessary, one local counsel plus one specialist
counsel, in respectively, any relevant jurisdiction or applicable specialty) to the affected Indemnified Persons. Notwithstanding any other provision of this Commitment Letter, no Indemnified Person will be responsible or liable to you or any
other person or entity for damages arising from the use by others of any information or other materials obtained through internet, electronic, telecommunications or other information transmission systems. 

Your indemnity and reimbursement obligations under this Section 5 will be in addition to any liability that you may otherwise have and will be binding upon
and inure to the benefit of the successors, assigns, heirs and personal representatives of you and the Indemnified Persons. 
 Neither we nor any other
Indemnified Person will be responsible or liable to you or any other person or entity for any indirect, special, punitive or consequential damages that may be alleged as a result of the Acquisition, this Commitment Letter, the Fee Letter, the Bridge
Facility, the Transactions or any related transaction contemplated hereby or thereby or any use or intended use of the proceeds of the Bridge Facility. Neither you nor any of your affiliates will be responsible or liable to the Arranger or any
other Indemnified Person or any other person or entity for any indirect, special, punitive or consequential damages that may be alleged as a result of the Acquisition, this Commitment Letter, the Fee Letter, the Bridge Facility, the Transactions or
any related transaction contemplated hereby or thereby or any use or intended use of the proceeds of the Bridge Facility; provided that nothing in this sentence shall limit your indemnity and reimbursement obligations set forth in this
Section 5. 

  
 6 

	6.	Assignments 

 This Commitment Letter may not be assigned by a party hereto without the prior written
consent of each other party hereto (and any purported assignment without such consent will be null and void), is intended to be solely for the benefit of the parties hereto and is not intended to confer any benefits upon, or create any rights in
favor of, any person (including your equity holders, employees or creditors) other than the parties hereto (and any Indemnified Person); provided, however, that each Commitment Party may assign its commitments and agreements hereunder,
in whole or in part, to (i) any of its affiliates (provided that, except in the case of a Commitment Party assigning its commitment to its affiliate which is also a Commitment Party, such assigning Commitment Party shall not be released from
its portion of its commitment so assigned to the extent that such affiliate fails to fund the portion of the commitment so assigned to it on the Closing Date) and (ii) in the case of each of Goldman Sachs and GS Lending Partners only, to any
additional “Commitment Parties” who become party to this Commitment Letter pursuant to a Joinder Agreement as provided in Section 3 above, and upon any such assignment, each of Goldman Sachs and GS Lending Partners will be released from
that portion of its commitments and agreements that has been so assigned. This Commitment Letter may not be amended or any term or provision hereof waived or modified except by an instrument in writing signed by each of the parties hereto. In the
event that any reduction of the commitments of the Commitment Parties is required under the terms hereof, Commitment Parties which are affiliated with each other may allocate such reduction of commitments between themselves as such affiliated
Commitment Parties may agree, provided that such allocation shall not change the combined commitment reduction required under the terms hereof with respect to such affiliated Commitment Parties. 

 

	7.	USA PATRIOT Act Notification 

 The Arranger notifies the Company and the Target that pursuant to the
requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (as amended, supplemented or modified from time to time, the “Patriot
Act”) it and each Lender may be required to obtain, verify and record information that identifies the Company and the Target, including the name and address of each such Person and other information that will allow the Arranger and each
Lender to identify the Company and the Target in accordance with the Patriot Act and other applicable “know your customer” and anti-money laundering rules and regulations. This notice is given in accordance with the requirements of the
Patriot Act and is effective for the Arranger and each Lender. 
  

	8.	Sharing Information; Affiliate Activities; Absence of Fiduciary Relationship 

 Please note that this
Commitment Letter, the Fee Letter and any written communications provided by each Commitment Party, the Arranger or any of their affiliates in connection with the Transactions are confidential and may not be disclosed to any other person or entity
without our prior written consent except, pursuant to applicable law or compulsory legal process (in which case you agree, to the extent practicable and not prohibited by applicable law, to inform us promptly thereof); provided that we
hereby consent to your disclosure of (i) this Commitment Letter and the Fee Letter and such communications (A) to the Company’s officers, directors, agents and advisors who are directly involved in the consideration of the Transactions on
a confidential basis, (B) pursuant to a subpoena or order issued by a court or by a judicial, administrative or legislative body or committee, or as otherwise required by applicable law or compulsory legal process (in which case you agree to inform
us promptly thereof to the extent not prohibited by law) or (C) upon the request or demand of any regulatory authority purporting to have jurisdiction over you or any of your subsidiaries (in which case you agree to inform us promptly thereof to the
extent not prohibited by law), (ii) this Commitment Letter and the information contained herein and the Fee Letter (redacted in a manner reasonably satisfactory to us) to the Target and its affiliates, and their respective officers, directors,
employees, agents, attorneys, accountants and other advisors in connection 

  
 7 

 
with the Transactions, in each case, who are directly involved in the consideration of the Transactions to the extent you notify such persons of their obligation to keep this Commitment Letter
and the information contained herein and the Fee Letter confidential, (iii) following your acceptance of the provisions hereof and return of an executed counterpart of this Commitment Letter to the Arranger as provided below, you may file a copy of
any portion of this Commitment Letter (but not the Fee Letter other than the existence thereof) in any public record in which you are required by law or regulation on the advice of your counsel to file it, (iv) you may disclose the aggregate fee
amounts contained in the Fee Letter as part of projections, pro forma information or a generic disclosure of aggregate sources and uses related to aggregate compensation amounts related to the Transactions to the extent customary or required in
offering and marketing materials for the Bridge Facility, Securities or in any public filing relating to the Transactions, in each case in a manner which does not disclose the fees payable pursuant to the Fee Letter, on a confidential basis, (v)
following the execution of this Commitment Letter, you may disclose to the Lenders and the prospective Lenders the amount of the applicable fees under the Fee Letter to the extent that they are stated therein to be for the account of the Lenders,
(vi) this Commitment Letter and the information contained herein and the Fee Letter in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Commitment Letter, Fee Letter or the transactions
contemplated thereby or enforcement thereof or hereof and (vii) this Commitment Letter and the information contained herein to any rating agency on a confidential basis and in consultation with the Arranger. 

Each Commitment Party agrees that it will treat as confidential all information provided to it hereunder by or on behalf of the Company, the Target or any of
your or their respective subsidiaries or affiliates; provided, however, that nothing herein will prevent such Commitment Party from disclosing any such information (a) pursuant to the order of any court or administrative agency
or in any pending legal or administrative proceeding, or otherwise as required by applicable law or compulsory legal process (in which case such person agrees to inform you promptly thereof to the extent practicable and not prohibited by law), (b)
upon the request or demand of any regulatory authority having jurisdiction over such person or any of its affiliates, (c) to the extent that such information is publicly available or becomes publicly available other than by reason of improper
disclosure by such person, its affiliates or representatives, (d) to such person’s affiliates and their respective officers, directors, partners, members, employees, legal counsel, advisors, representatives, independent auditors and other
experts or agents who need to know such information and on a confidential basis, (e) to potential and prospective Lenders or any direct or indirect contractual counterparties to any swap or derivative transaction relating to you or your obligations
under the Bridge Facility, in each case, subject to such recipient’s agreement (which agreement may be in writing or by “click through” agreement or other affirmative action on the part of the recipient to access such information and
acknowledge its confidentiality obligations in respect thereof pursuant to customary syndication practice) to keep such information confidential on substantially the terms set forth in this paragraph, (f) received by such person on a
non-confidential basis from a third party source (other than you or any of your affiliates, advisors, members, directors, employees, agents or other representatives) not known by such person to be prohibited from disclosing such information to such
person by a legal, contractual or fiduciary obligation, (g) for purposes of establishing a “due diligence” defense, (h) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Commitment
Letter, the Fee Letter or the transactions contemplated thereby or enforcement hereof and thereof, (i) to any rating agency on a confidential basis and (j) with your prior written consent; provided that the foregoing obligations of the
Commitment Parties shall remain in effect until the earlier of (i) two years from the date hereof and (ii) the Effective Date (as defined in Exhibit A) at which time any confidentiality undertaking in the Bridge Loan Agreement shall supersede the
provisions in this paragraph. 
 You acknowledge that the Arranger and its affiliates are full service securities firms engaged in a broad array of
activities and as such may from time to time effect transactions for their own (or entities with 

  
 8 

 
which they co-invest) account or the account of customers, and may hold, purchase, sell or vote long or short positions in securities or indebtedness, or options thereon, of the Company, the
Target and other companies that may be the subject of the Transactions. In addition, the Arranger may at any time communicate independent recommendations and/or publish or express independent research views in respect of such securities,
indebtedness or options. The Arranger and its affiliates may have economic interests that are different from or conflict with those of the Company regarding the transactions contemplated hereby, and you acknowledge and agree that the Arranger has no
obligation to disclose such interests to you. You further acknowledge and agree that nothing in this Commitment Letter, the Fee Letter or the nature of our services or in any prior relationship will be deemed to create an advisory, fiduciary or
agency relationship between us, on the one hand, and you, your equity holders or your affiliates, on the other hand, and you waive, to the fullest extent permitted by law, any claims you may have against the Arranger for breach of fiduciary duty or
alleged breach of fiduciary duty in connection with any aspect of the Transactions and agree that the Arranger will have no liability (whether direct or indirect) to you in respect of such a fiduciary duty claim or to any person asserting a
fiduciary duty claim on your behalf, including your equity holders, employees or creditors. You acknowledge that the Transactions (including the exercise of rights and remedies hereunder and under the Fee Letter) are arms’ length commercial
transactions between you, on the one hand, and the Commitment Parties, on the other hand, and that we are acting as principal and in our own best interests. You are relying on your own experts and advisors to determine whether the Transactions are
in your best interests and are capable of evaluating and understanding, and you understand and accept, the terms, risks and conditions of the transactions contemplated hereby. In addition, you acknowledge that we may employ the services of our
affiliates in providing certain services hereunder and may exchange with such affiliates information concerning you, the Target and other companies that may be the subject of the Transactions and such affiliates will be entitled to the benefits
afforded to us hereunder. In connection with the services and transactions contemplated hereby, you agree that we are permitted to access, use and share with any of our bank or non-bank affiliates, agents, advisors (legal or otherwise) or
representatives any information concerning the Company or any of its affiliates that is or may come into our possession or in the possession of any of our affiliates in accordance with Section 8 (it being understood that the persons to whom such
disclosure is made will be informed of the confidential nature of such information and instructed to keep such information confidential). In addition, each of the parties hereto acknowledges that Goldman Sachs & Co. has been retained by the
Company as financial advisor (in such capacity, the “Financial Advisor”) to the Company in connection with the Acquisition. Each of the parties hereto agrees to such retention, and further agrees not to assert any claim it might
allege based on any actual or potential conflicts of interest that might be asserted to arise or result from, on the one hand, the engagement of the Financial Advisor, and on the other hand, our and our affiliates’ relationships with you as
described and referred to herein. 
 Consistent with our policies to hold in confidence the affairs of our customers, we will not use or disclose
confidential information obtained from you by virtue of the Transactions in connection with our performance of services for any of our other customers (other than as permitted to be disclosed under this Section 8). Furthermore, you acknowledge
that neither we nor any of our affiliates have an obligation to use in connection with the Transactions, or to furnish to you, confidential information obtained or that may be obtained by us from any other person. 

Please note that the Arranger and its affiliates do not provide tax, accounting or legal advice. 

 

	9.	Waiver of Jury Trial; Governing Law; Submission to Jurisdiction; Surviving Provisions 

 ANY RIGHT TO
TRIAL BY JURY WITH RESPECT TO ANY ACTION, SUIT, PROCEEDING OR CLAIM ARISING IN CONNECTION WITH OR AS A RESULT OF ANY MATTER REFERRED TO IN THIS COMMITMENT LETTER OR THE FEE LETTER IS HEREBY 

  
 9 

 
IRREVOCABLY WAIVED BY THE PARTIES HERETO. THIS COMMITMENT LETTER WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK; PROVIDED, HOWEVER, THAT
(I) THE INTERPRETATION OF THE DEFINITION OF TARGET MATERIAL ADVERSE EFFECT AND WHETHER OR NOT A TARGET MATERIAL ADVERSE EFFECT HAS OCCURRED (II) THE DETERMINATION OF THE ACCURACY OF ANY TARGET REPRESENTATIONS AND WHETHER AS A RESULT OF ANY
INACCURACY THEREOF YOU OR YOUR AFFILIATES HAVE THE RIGHT TO TERMINATE YOUR (OR THEIR) OBLIGATIONS UNDER THE ACQUISITION AGREEMENT, OR TO DECLINE TO CONSUMMATE THE ACQUISITION PURSUANT TO THE ACQUISITION AGREEMENT AND (III) THE DETERMINATION OF
WHETHER THE ACQUISITION HAS BEEN CONSUMMATED IN ACCORDANCE WITH THE TERMS OF THE ACQUISITION AGREEMENT, IN EACH CASE, SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED SOLELY IN ACCORDANCE WITH, THE LAWS OF THE STATE OF KANSAS, WITHOUT REGARD TO
ANY OTHER PRINCIPLES OF CONFLICTS OF LAWS. Each of the parties hereto hereby irrevocably (i) submits, for itself and its property, to the exclusive jurisdiction of (a) the Supreme Court of the State of New York, New York County, and (b) the
United States District Court for the Southern District of New York, located in the Borough of Manhattan, and any appellate court from any such court, in any action, suit, proceeding or claim arising out of or relating to this Commitment Letter, the
Fee Letter or the Transactions or the performance of services contemplated hereunder or under the Fee Letter, or for recognition or enforcement of any judgment, and agrees that all claims in respect of any such action, suit, proceeding or claim may
be heard and determined in such New York State court or such Federal court, (ii) waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of venue of any action, suit, proceeding or claim arising
out of or relating to this Commitment Letter, the Fee Letter, the Transactions or the performance of services contemplated hereunder or under the Fee Letter in any such New York State or Federal court and (iii) waives, to the fullest extent
permitted by law, the defense of an inconvenient forum to the maintenance of any such action, suit, proceeding or claim in any such court. Each of the parties hereto agrees to commence any such action, suit, proceeding or claim either in the
United States District Court for the Southern District of New York located in the Borough of Manhattan or in the Supreme Court of the State of New York, New York County. 

This Commitment Letter is issued for your benefit only and no other person or entity (other than the Indemnified Persons) may rely hereon. 

The provisions of Sections 5, 8 and this Section 9 of this Commitment Letter will survive any termination or completion of the arrangements contemplated by
this Commitment Letter or the Fee Letter, including without limitation whether or not the Loan Documents are executed and delivered and whether or not the Bridge Facility is made available or any loans under the Bridge Facility are disbursed;
provided, that the provisions of Section 5 shall be superseded (to the extent covered thereby) by the terms of the Loan Documents upon execution and delivery thereof by the parties thereto. You may terminate (on a pro rata basis among the
Commitment Parties) the Commitment Parties’ commitments hereunder at any time, in whole or in part, subject to the provisions of the proceeding sentence and your obligations pursuant to the Fee Letter. 

 

	10.	Termination; Acceptance 

 Our commitments hereunder and our agreements to provide the services described
herein will terminate upon the first to occur of (i) the execution and delivery of the Loan Documents by the parties thereto, (ii) the consummation of the Acquisition without the use of the Bridge Facility, (iii) public announcement of the
abandonment of the Acquisition by you, or the termination of the Acquisition Agreement in accordance with its terms and (iv) 11:59 p.m. New York City time on May 31, 2017; provided that, to the

  
 10 

 
extent the End Date (as defined in the Acquisition Agreement) is extended to a date (the “Extended Date”) that is on or prior to November 30, 2017 in accordance with the terms of
Section 8.01(b)(i) of the Acquisition Agreement (in the form provided to the Arranger prior to its execution hereof), the date referred to in this clause (iv) shall, upon notice of such extension to the Arranger from the Company, be automatically
extended to such Extended Date (the earliest date in clauses (ii) through (iv) being the “Commitment Termination Date”), unless the closing of the Bridge Facility has been consummated on or before such date on the terms and subject
to the conditions set forth herein; provided that the termination of commitments and agreements pursuant to clause (iv) of this sentence does not preclude our or your rights and remedies in respect of any breach of this Commitment Letter or
the Fee Letter during the term thereof. 
 This Commitment Letter may be executed in any number of counterparts, each of which when executed will be an
original and all of which, when taken together, will constitute one agreement. Delivery of an executed counterpart of a signature page of this Commitment Letter by facsimile or other electronic transmission will be as effective as delivery of a
manually executed counterpart hereof. 
 Each of the parties hereto agree that this Commitment Letter is a binding and enforceable agreement with respect to
subject matter contained herein, including an agreement to negotiate in good faith (prior to the anticipated Closing Date) the Loan Documents by the parties hereto in a manner consistent with this Commitment Letter, it being acknowledged and agreed
that the commitments provided hereunder by the Commitment Parties are only subject to the conditions precedent set forth in Exhibit B. 
 Please confirm
that the foregoing is in accordance with your understanding by signing and returning to us the enclosed copy of this Commitment Letter, together, if not previously executed and delivered, with the Fee Letter on or before 5:00 p.m. New York City time
on May 31, 2016 (the “Countersign Date”), whereupon this Commitment Letter and the Fee Letter will become binding agreements between us. If not signed and returned as described in the preceding sentence by the earlier of (i) the
specified time on the Countersign Date and (ii) the time of the public announcement (by you) of the Acquisition, this offer will terminate on such earlier date. 

[The remainder of this page is intentionally left blank.] 

  
 11 

 We look forward to working with you on this assignment. 

 

			
	 Very truly yours,
  

GOLDMAN SACHS BANK USA

		
	By:	 	 /s/ Robert Ehudin

		 	Authorized Signatory
	
	GOLDMAN SACHS LENDING PARTNERS LLC
		
	By:	 	 /s/ Robert Ehudin

		 	Authorized Signatory

  
 Commitment Letter 

					
	ACCEPTED AND AGREED TO AS OF THE DATE FIRST WRITTEN ABOVE:
	
	GREAT PLAINS ENERGY INCORPORATED
		
	By:	 	 /s/ Terry Bassham

		 	Name:	 	Terry Bassham
		 	Title:	 	Chairman of the Board, President and Chief Executive Officer

  
 Commitment Letter 

 Exhibit A 

Summary of Terms and Conditions of the Bridge Facility 

Capitalized terms not otherwise defined herein shall have the same meaning as specified with respect thereto in the Commitment Letter to which this Exhibit
A is attached. 
  

			
	Bridge Facility:	  	 A 364-day senior unsecured term loan facility in an aggregate principal amount of $8.017 billion consisting of:

 
 (a) a $7.517 billion tranche 1 term loan facility (“Tranche 1”); and

 
 (b) a $500.0 million tranche 2 term loan facility (“Tranche 2” and,
together with Tranche 1, the “Bridge Facility”).
  
 Each of Tranche 1
and Tranche 2 are referred to herein as a “Tranche”.

		
	Borrower:	  	Great Plains Energy Incorporated (the “Company”).
		
	Guarantor:	  	None.
		
	Sole Bookrunner and Sole	  	
	Lead Arranger:	  	Goldman Sachs Bank USA (“Goldman Sachs”) will act as sole bookrunner and sole lead arranger (in such capacities, the “Arranger”) for the Bridge Facility and will perform the duties customarily
associated with such roles.
		
	Administrative Agent:	  	Goldman Sachs will act as sole and exclusive administrative agent (in such capacity, the “Administrative Agent”) for the Lenders and will perform the duties customarily associated with such role.
		
	Lenders:	  	Goldman Sachs, GS Lending Partners and/or other banks, financial institutions and institutional lenders selected by the Arranger in consultation with the Company (each, a “Lender” and, collectively, the
“Lenders”).
		
	Purpose/Use of Proceeds:	  	The proceeds of Tranche 1 of the Bridge Facility will be used to fund, in part, the Acquisition, including paying all Transaction Costs. The proceeds of Tranche 2 of the Bridge Facility will be used for general working capital
purposes of the Company (other than consummation of the Acquisition).
		
	Availability:	  	A single drawing may be made under each Tranche of the Bridge Facility on the Closing Date.
		
	Effective Date:	  	The date on which the Loan Documents are executed and delivered by the parties thereto and the conditions to effectiveness thereof are satisfied or waived (the “Effective
Date”).

  
 Exhibit A-1 

					
		
	Closing Date:	 	The date on or before the Commitment Termination Date on which the Bridge Facility is available to be borrowed subject to the conditions set forth herein (the “Closing Date”).
		
	Maturity:	 	The maturity date (the “Maturity Date”) of the Bridge Facility will be the date that is 364 days after the Closing Date.
		
	Amortization:	 	None. All loans outstanding under the Bridge Facility will be due and payable on the Maturity Date.
		
	Interest Rate:	 	All amounts outstanding under the Bridge Facility will bear interest, at the Company’s option, at a rate per annum equal to:
			
		 		 	 (a)    the Base Rate plus the Applicable Margin; or

			
		 		 	 (b)    the reserve adjusted Eurodollar Rate plus the Applicable
Margin.

		
		 	The “Applicable Margin” will be determined as of any date by reference to the pricing grid contained in Annex I to this Exhibit A (the “Pricing Grid”).
		
		 	As used herein, (i) “Base Rate” means a fluctuating rate per annum equal to the greatest of (x) the rate last quoted by The Wall Street Journal as the “Prime Rate” in the U.S., (y) the
Federal Funds effective rate plus  1⁄2 of 1.0% and (z) the one-month reserve adjusted Eurodollar Rate plus 1.0% and (ii) “reserve adjusted Eurodollar
Rate” means a fluctuating rate per annum equal to (x) the rate per annum determined by the Administrative Agent to be the offered rate for deposits in dollars with a term equivalent to such elected interest period appearing on
the page of the Reuters Screen which displays an average of the London interbank offered rate administered by the ICE Benchmark Administration (such page currently being the LIBOR01 page) or (y) if the rate in clause (ii)(x) above does not
appear on such page or service or if such page or service is not available, the rate per annum determined by the Administrative Agent to be the offered rate for deposits in dollars with a term equivalent to such elected interest period on
such other page or other service which displays an average of the London interbank offered rate; provided that the reserve adjusted Eurodollar Rate shall not be less than 0.00%.
		
	Duration Fees:	 	The Company will pay fees (the “Duration Fees”) for the ratable benefit of the Lenders in amounts equal to the applicable percentage corresponding to the Company’s applicable debt rating at such
time set forth below, of the principal amount of the loans under the Bridge Facility outstanding at the close of business, New York City time, on each date set forth in the grid below, payable on each such date:

  
 Exhibit A-2 

													
	 Company’s debt rating
	  	Duration Fees	 
	  	90 days after the
Closing Date	 	 	180 days after
the Closing
Date	 	 	270 days after
the Closing
Date	 
	 Investment Grade Rating
	  	 	0.50	% 	 	 	0.75	% 	 	 	1.00	% 
	 Non-Investment Grade Rating
	  	 	0.75	% 	 	 	1.00	% 	 	 	1.25	% 

  

			
		  	“Non-Investment Grade Rating” means that the Company’s senior unsecured long term debt securities without third party credit enhancement are rated below BBB- by S&P, or below Baa3 by Moody’s, or below
BBB- by Fitch Investors Service, L.P.; and “Investment Grade Rating” means that the Company does not have a Non-Investment Grade Rating.
		
	Ticking Fees:	  	The Company will pay non-refundable ticking fees (the “Ticking Fees”) in amounts equal to the percentage per annum as determined in accordance with the Pricing Grid (the “Ticking Fee Rate”)
on the daily average undrawn total commitments in respect of the Bridge Facility, which Ticking Fees will accrue beginning on the date (the “Ticking Fee Start Date”) that is the later of (x) the date of the execution of the Loan
Documents and (y) the date that is 60 days following the date on which the Company executed the Commitment Letter (the “Commitment Date”), and through the earlier of (i) the date of termination of the commitments and (ii) the
Closing Date, payable on the earlier of such date and, if any Commitments are then outstanding, on the first anniversary of the Commitment Date.
		
		  	If after the Ticking Fee Start Date until the date that is five business days after the Closing Date, the Company’s Debt Ratings are downgraded, then the Company shall pay additional Ticking Fees (“Additional Ticking
Fees”) in amounts equal to the difference (if any) between the Ticking Fees that were payable as set forth on the Pricing Grid and the Ticking Fees that would have been payable as set forth on the Pricing Grid if such downgrade had occurred
on and following the Ticking Fee Start Date, which Additional Ticking Fees shall be deemed earned and payable within five business days of the date such downgrade occurs.
		
	Default Interest:	  	Upon the occurrence and during the continuance of any payment default, interest on amounts not paid when due will accrue at a rate of 2.0% per annum plus (i) in the case of loans, the rate equal to the rate then applicable
thereto and (ii) in the case of other amounts, the rate equal to the rate then applicable to Base Rate loans, and will be payable on demand.
		
	Interest Payments:	  	Quarterly for loans bearing interest based upon the Base Rate; on the last day of the applicable interest periods (which will be one, two,

  
 Exhibit A-3 

			
		  	three or six months) for loans bearing interest based upon the reserve adjusted Eurodollar Rate (and at the end of every three months, in the case of interest periods longer than three months); and upon each mandatory and voluntary
prepayment on the principal amount prepaid, in each case payable in arrears and computed on the basis of a 360-day year with respect to loans bearing interest based upon the reserve adjusted Eurodollar Rate and a 365/366-day year with respect to
loans bearing interest based upon clause (x) of the definition of Base Rate.
		
	Funding Protection and Taxes:	  	Consistent with the Documentation Principles set forth below. It is understood that (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines and directives thereunder or issued in
connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign
regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a change in law regardless of the date enacted, adopted or issued.
		
	Voluntary Prepayments	  	
	and Commitment Reductions:	  	Each Tranche of the Bridge Facility may be prepaid in whole or in part without premium or penalty upon one business day’s (or, in the case of a prepayment of loans bearing interest based upon the reserve adjusted Eurodollar
Rate, three business days’) prior written notice, subject to reimbursement of the Lenders’ breakage costs in the case of a prepayment of loans bearing interest based upon the reserve adjusted Eurodollar Rate prior to the last day of the
applicable interest period. Voluntary prepayments of the Bridge Facility may not be reborrowed. Voluntary prepayments and reductions of commitments will be applied between Tranche 1 and Tranche 2 as determined by the Company.
		
		  	The Bridge Facility commitments may be terminated in whole or in part without premium or penalty upon one business day’s prior written notice.
		
	Mandatory Prepayments	  	
	and Commitment Reductions:	  	The following amounts shall be applied to prepay loans under Tranche 1 of the Bridge Facility within three business days following receipt of (and, prior to the Closing Date, the commitments with respect to Tranche 1 of the Bridge
Facility, under the Commitment Letter or the Loan Documents, shall be automatically and permanently reduced by such amounts):
		
		  	 1.      Incurrence of Indebtedness: An amount equal to
100.0% of the net cash proceeds received (including into escrow) from the incurrence of indebtedness for borrowed money (including hybrid securities and debt securities convertible to equity) by the Company or any of its subsidiaries, other than
Excluded Debt (as defined below).

  
 Exhibit A-4 

			
		  	 2.      Equity Offerings: An amount equal to 100.0% of (i)
the net cash proceeds received (including into escrow) from the issuance of any common or preferred equity securities (other than an Equity Forward Contract) by the Company or any of its subsidiaries other than issuances pursuant to employee benefit
plans and issuances to Target equity holders pursuant to the Acquisition and (ii) the amount payable in the future to the Company or any of its subsidiaries pursuant to any equity forward contract entered into in connection with financing the
Acquisition (an “Equity Forward Contract”) shall be applied to reduce the commitments under the Bridge Facility immediately upon such Equity Forward Contract being executed and effective; provided, that if the Company
receives any cash proceeds of any equity issuance, up to the amount of any voluntary reduction of commitments under Tranche 1 previously made by the Company in connection with such equity issuance, then (to avoid duplication) such amount of cash
proceeds shall not be applied in mandatory prepayment of loans or reduction of commitments under Tranche 1.

		
		  	 3.      Asset Sales; Insurance Proceeds: An amount equal
to 100.0% of the net cash proceeds (including cash equivalents) received from the sale or other disposition of any property or assets of the Company or any of its subsidiaries (including the sale or issuance of any equity interest in any subsidiary)
that results in receipt of net proceeds (in cash or cash equivalents) or insurance or condemnation proceeds paid on account of any loss of any property or assets of the Company or any of its subsidiaries (in each case), other than any Excluded Asset
Sales (as defined below).

		
		  	“Excluded Asset Sale” means (a) the disposition of cash or cash equivalents or other assets classified as current assets on the consolidated balance sheet of the Company, (b) the sale, exchange or other
disposition of accounts or notes receivable, (c) the disposition of assets to the Company or any of its subsidiaries, (d) the disposition of assets by any Regulated Subsidiary (as defined below), (e) dispositions with net cash proceeds individually
of up to $50 million or in aggregate of up to $150.0 million, (f) ordinary course of business asset dispositions and (g) dispositions for which the proceeds are reinvested in other assets within six months following receipt (or, in the case of
casualty or condemnation proceeds, applied in the repair or replacement of the affected assets within such period as may be reasonably required).
		
		  	“Excluded Debt” means (a) indebtedness incurred pursuant to the Bridge Facility, (b) indebtedness between the Company and/or any of its subsidiaries, (c) commercial paper financings, accounts
receivables financing, letter of credit and swap agreements, (d) any trade, seller or customer finance-related financing, (e) indebtedness under the Existing Revolving Credit Agreement (as defined below) and
other

  
 Exhibit A-5 

			
		  	existing revolving credit facilities of the Company or its subsidiaries, in each case including any amendment, extension or replacement thereof and in each case having an aggregate principal amount outstanding thereunder not in
excess of the respective existing commitments thereunder in effect on the date of the Commitment Letter, (f) the refinancing of $100.0 million aggregate principal amount of the Company’s 6.875% senior notes due 2017, provided that such
refinancing is not earlier than 6 months prior to the scheduled maturity thereof, (g) indebtedness under any Qualifying Committed Financing (as defined below) to the extent the commitments thereunder have already been applied to reduce the
commitments under the Bridge Facility, (h) indebtedness of any Regulated Subsidiary that is non-recourse to the Company and its other subsidiaries (other than a Regulated Subsidiary of such Regulated Subsidiary), (i) purchase money and asset
financing incurred in the ordinary course of business and (j) indebtedness (except the Securities and other indebtedness incurred in connection with the Acquisition) of up to $150.0 million in the aggregate.
		
		  	“Regulated Subsidiary” means each subsidiary of the Company (including, following the Closing Date as applicable, the Target and its subsidiaries) whose primary line of business is (a) the transmission and
distribution of electric energy and whose operations (including its electrical rates charged to the public) are regulated by applicable governmental authorities or (b) the transmission and distribution of natural gas and whose operations (including
its natural gas rates charged to the public) are regulated by applicable governmental authorities and whose material transmission assets are included in its regulated rate base and whose only material pipeline assets are related to its regulated gas
distribution business.
		
		  	In addition, the commitments under Tranche 1 of the Bridge Facility shall be automatically reduced by the principal amount of commitments obtained by the Company or any of its subsidiaries entering into any committed but unfunded
term loan or similar credit facility for the stated purpose of financing the Acquisition, to the extent that the conditions to availability thereunder are no more restrictive than the conditions to availability of the Bridge Facility (a
“Qualifying Committed Financing”).
		
		  	Prior to the Closing Date, the commitments with respect to Tranche 2 of the Bridge Facility, under the Commitment Letter or the Loan Documents, shall be automatically and permanently terminated if either (x) the Amendment or any
other extension, replacement, refinancing or renewal of the Exiting Revolving Credit Agreement that results in the Borrower having a Capitalization Covenant (as defined below) consistent with the Capitalization Covenant set forth below is
consummated or (y) the Company has received (including into escrow) net cash proceeds from the issuance of, or any commitments (pursuant to a commitment letter or other agreement with any financial institution or other equity financing source) with
respect to any common, preferred or other equity securities on or following the date hereof in an amount of at least $900.0 million.

  
 Exhibit A-6 

			
		  	The Company will notify the Administrative Agent in writing of the receipt of any of the foregoing amounts (or other applicable event) in each case within three business days thereof.
		
		  	All mandatory prepayments will be applied without penalty or premium (except for breakage costs, if any) and will be applied pro rata to loans outstanding under Tranche 1 of the Bridge Facility.
		
	Documentation Principles:	  	The Loan Documents will contain representations and warranties, covenants and events of default which shall be substantially similar to the Credit Agreement dated as of August 9, 2010, entered into among the Company, Bank of
America, N.A., as Administrative Agent, and the other financial institutions party thereto (as amended on December 9, 2011 and October 17, 2013, as extended and waived on December 17, 2014 and as further amended, restated, extended, supplemented,
modified and otherwise in effect on the date hereof, the “Existing Revolving Credit Agreement”) and only with modifications consistent with this Exhibit A or that are otherwise mutually and reasonably agreed by the Company and the
Arranger. For purposes hereof, the words “substantially similar to” the Existing Revolving Credit Agreement and words of similar import mean substantially the same as the Existing Revolving Credit Agreement with modifications only (a) as
are necessary to reflect the other terms specifically set forth in this Commitment Letter, (b) to reflect any changes in law or accounting standards (or in the interpretation thereof) since December 17, 2014 as reasonably agreed by the Company and
the Administrative Agent, (c) to the extent included in any amendment, extension, replacement, refinancing or renewal of the Existing Revolving Credit Agreement prior to the Closing Date, to exclude debt of any variable interest entity and under any
receivables securitization program or financing from the definition of “indebtedness” and (d) to reflect the operational or administrative requirements of the Administrative Agent, as reasonably agreed between the Company and the
Administrative Agent. It is also understood and agreed that the Bridge Loan Agreement shall include customary LSTA EU bail-in provisions. The foregoing provisions are referred to herein as the “Documentation
Principles”.
		
	Representations and	  	
	Warranties:	  	The Bridge Facility will contain representations and warranties by the Company consistent with the Documentation Principles to be made on the date of the Loan Documents and on the Closing Date.
		
	Affirmative and	  	
	Negative Covenants:	  	The Bridge Facility will contain affirmative and negative covenants consistent with the Documentation Principles.
		
	Financial Covenant:	  	The Company at all times shall cause the ratio of Total Indebtedness to Total Capitalization (each as defined in the Existing Revolving

  
 Exhibit A-7 

			
		  	Credit Agreement; provided, however that “Total Indebtedness” shall not include (until the first to occur of (i) the Closing Date and (ii) the date that is 10 days following termination of the Acquisition
Agreement) indebtedness in an aggregate principal amount not exceeding $7.517 billion issued or borrowed by the Company solely for the purpose of financing the Acquisition and which is redeemable or prepayable at not more than 101% of the principal
amount thereof (plus accrued interest) if the Acquisition is not consummated) to be less than or equal to 0.65 to 1.0 (the “Capitalization Covenant”); provided that, if as of the Closing Date, the Company is not in compliance
with the Capitalization Covenant, the Capitalization Covenant shall automatically be increased to a level such that the Company would be in compliance with the Capitalization Covenant as of the Closing Date plus a cushion of 0.05 to 1.0;
provided, further that such level shall not exceed 0.75 to 1.0. Notwithstanding the foregoing, if the financial covenant set forth in Section 6.15 of the Existing Revolving Credit Agreement (as amended, extended, replaced, refinanced
or renewed) is (unless such agreement is terminated on or before the funding of Tranche 2), on the Closing Date, less favorable to the Company than as set forth above, then the Capitalization Covenant and definitions related thereto under the Bridge
Facility shall automatically be deemed amended to match the Existing Revolving Credit Agreement at such time.
		
	Events of Default:	  	The Bridge Facility will contain events of default consistent with the Documentation Principles.
		
		  	Without limiting (and subject to) the conditions precedent referred to in Exhibit B attached to the Commitment Letter, the Lenders shall not be entitled to terminate the commitments under the Bridge Facility prior to the Closing
Date unless a payment or bankruptcy event of default under the Bridge Loan Agreement has occurred and is continuing. The acceleration of the Loans shall be permitted at any time after they have been funded only to the extent that an event of default
is outstanding and continuing at such time.
		
	Conditions Precedent to	  	
	Borrowing:	  	The several obligation of each Lender to make, or cause an affiliate to make, loans under the Bridge Facility on the Closing Date will be subject only to the conditions set forth in Section 2 of the Commitment Letter and in Exhibit
B thereto.
		
	Defaulting Lender:	  	The Loan Documents shall contain “Defaulting Lender” provisions substantially similar to the corresponding provisions of the Existing Revolving Credit Agreement.
		
	Assignments and	  	
	Participations:	  	The Lenders may assign (other than to natural persons, the Company or its subsidiaries) all of their loans and commitments under the Bridge Facility, or a part of their loans and commitments in an amount of not less than $5.0
million, to Eligible Assignees (as defined in the

  
 Exhibit A-8 

			
		
		  	Existing Revolving Credit Agreement), in each case, which are reasonably acceptable to the Administrative Agent and (unless any event of default is continuing) the Company; provided that such assignee shall be deemed
reasonably acceptable to the Company if (i) the Company does not otherwise reject such assignee within ten business days of the date on which approval is requested and (ii) such assignment is made by the Arranger in accordance with the syndication
provisions of the Commitment Letter; provided, further, that assignments made to another Lender, an approved fund of a Lender, an affiliate of a Lender or of an Agent will not be subject to the above consent requirements. The Lenders
will also have the right to sell participations (other than to natural persons, the Company or its subsidiaries) without the consent of the Company or the Administrative Agent, subject only to customary limitations on voting rights, in their
respective shares of the Bridge Facility.
		
	Amendments and	  	
	Required Lenders:	  	No amendment, modification, termination or waiver of any provision of the Loan Documents will be effective without the written approval of Lenders holding more than 50.0% of the aggregate amount of loans and commitments outstanding
under the Bridge Facility (collectively, the “Required Lenders”), except that the consent of each Lender will be required with respect to certain matters relating to principal, fees and interest rates, payment dates and maturity,
pro rata payment and sharing provisions and amendment provisions and the definition of Required Lenders, in a manner substantially similar to the Existing Revolving Credit Agreement; provided that, changes in the allocation of mandatory
prepayments and commitment reductions between Tranches or changes otherwise affecting Lenders in one Tranche differently than Lenders in another Tranche will require the approval of the Lenders holding the majority of loans or commitments under each
Tranche which is adversely affected thereby.
		
	Indemnity and Expenses:	  	The Bridge Facility will provide customary and appropriate provisions relating to indemnity and related matters in a form substantially similar to the Existing Revolving Credit Agreement. The Company will also pay (i)
reasonable and documented out-of-pocket expenses of the Arranger and the Administrative Agent associated with the syndication of the Bridge Facility, (ii) reasonable and documented out-of-pocket expenses of the Administrative Agent associated with
the preparation, negotiation, execution, delivery and administration of the Loan Documents and any amendment or waiver with respect thereto (including, in the case of clauses (i) and (ii) the reasonable fees, disbursements and other charges of (x)
one counsel plus one specialist counsel in any applicable specialty and, solely in the case of an actual or potential conflict of interest, of one additional counsel and if reasonable and necessary, one local counsel plus one specialist counsel in,
respectively each jurisdiction or applicable specialty to the affected indemnified person (y) and the charges of electronic loan administration platforms) and (iii) all reasonable and documented out-of-pocket expenses of the Arranger, the
Administrative Agent and the

  
 Exhibit A-9 

			
		  	Lenders (including the reasonable fees, disbursements and other charges of one counsel plus one specialist counsel in any applicable specialty and, solely in the case of an actual or potential conflict of interest, of one additional
counsel and if reasonable and necessary, one local counsel plus one specialist counsel in, respectively each jurisdiction or applicable specialty to the affected indemnified person) in connection with the enforcement of the Loan Documents or in any
bankruptcy case or insolvency proceeding.
		
	Governing Law and Jurisdiction:	  	The Bridge Facility will provide that the Company will submit to the exclusive jurisdiction and venue of the federal and state courts of the County and State of New York and will waive any right to trial by jury. New York law
will govern the Loan Documents; provided that the laws of the State of Kansas will govern (i) whether a Target Material Adverse Effect has occurred, (ii) compliance with any Target Representations and (iii) whether the Acquisition has been
consummated in accordance with the terms of the Acquisition Agreement.
		
	Counsel to the Arranger and the Administrative Agent:	  	Weil, Gotshal & Manges LLP.

  
 Exhibit A-10 

 Annex I to Exhibit A 

Bridge Facility Pricing Grid 

“Applicable Margin” means, as of any date of determination, the percentage per annum set forth below under the applicable type
of loan opposite the applicable Debt Ratings of the Company from S&P and Moody’s, in each case, with a stable or better outlook: 
  

																																					
	 Company’s Debt Ratings (S&P or Moody’s)
	  	Applicable Margin	 	  	 	 
	  	Closing Date through
89 days after Closing
Date	 	  	90 days after Closing
Date through 179 days
after Closing Date	 	  	180 days after Closing
Date through 269 days
after Closing Date	 	  	270 days after Closing
Date and thereafter	 	  	Ticking
Fee Rate	 
	  	Base Rate
Loans	 	  	Euro-dollar
Loans	 	  	Base Rate
Loans	 	  	Euro-dollar
Loans	 	  	Base Rate
Loans	 	  	Euro-dollar
Loans	 	  	Base Rate
Loans	 	  	Euro-dollar
Loans	 	  
	 Rating Level 1: 3 A-/A3
	  	 	12.5 bps	  	  	 	112.5 bps	  	  	 	37.5 bps	  	  	 	137.5 bps	  	  	 	62.5 bps	  	  	 	162.5 bps	  	  	 	87.5 bps	  	  	 	187.5 bps	  	  	 	12.5 bps	  
	 Rating Level 2: BBB+/Baa1
	  	 	25 bps	  	  	 	125 bps	  	  	 	50 bps	  	  	 	150 bps	  	  	 	75 bps	  	  	 	175 bps	  	  	 	100 bps	  	  	 	200 bps	  	  	 	17.5 bps	  
	 Rating Level 3: BBB/Baa2
	  	 	50 bps	  	  	 	150 bps	  	  	 	75 bps	  	  	 	175 bps	  	  	 	100 bps	  	  	 	200 bps	  	  	 	125 bps	  	  	 	225 bps	  	  	 	22.5 bps	  
	 Rating Level 4: BBB-/Baa3
	  	 	75 bps	  	  	 	175 bps	  	  	 	100 bps	  	  	 	200 bps	  	  	 	125 bps	  	  	 	225 bps	  	  	 	150 bps	  	  	 	250 bps	  	  	 	27.5 bps	  
	 Rating Level 5: BB+/Ba1
	  	 	100 bps	  	  	 	200 bps	  	  	 	125 bps	  	  	 	225 bps	  	  	 	150 bps	  	  	 	250 bps	  	  	 	175 bps	  	  	 	275 bps	  	  	 	37.5 bps	  
	 Rating Level 6: £ BB/Ba2
	  	 	125 bps	  	  	 	225 bps	  	  	 	150 bps	  	  	 	250 bps	  	  	 	175 bps	  	  	 	275 bps	  	  	 	200 bps	  	  	 	300 bps	  	  	 	50 bps	  

 For the purposes of the foregoing (and subject to the last paragraph hereof): 

“Debt Rating” means, as of any date of determination, the Moody’s Rating or the S&P Rating. 

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

“Moody’s Rating” means, at any time, the rating issued by Moody’s then in effect with respect to the Company’s senior
unsecured long–term debt securities without third–party credit enhancement (or, if there is no such debt outstanding, the Company’s issuer rating issued by Moody’s then in effect for the Company). 

“S&P” means Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business. 

  
 Annex I to Exhibit A-1

 “S&P Rating” means, at any time, the rating issued by S&P then in effect with respect to
the Company’s senior unsecured long–term debt securities without third–party credit enhancement (or, if there is no such debt outstanding, the Company’s issuer rating issued by S&P then in effect for the Company). 

For purposes of the foregoing, at any time that Debt Ratings are available from each of S&P and Moody’s and there is a split between such Debt
Ratings and (a) the ratings differential is one level, then the higher rating shall apply and (b) the ratings differential is two levels or more, the intermediate rating at the midpoint shall apply; provided that, if there is no midpoint,
then the higher of the two intermediate ratings shall apply. If the Company has no Moody’s Rating and no S&P Rating, Rating Level 6 shall apply. 

  
 Annex I to Exhibit A-2

 Exhibit B 

Summary of Conditions Precedent to the Bridge Facility 
  

	1.	Concurrent Transactions. The terms of the Acquisition Agreement (including all exhibits, schedules, annexes and other attachments thereto) shall be reasonably satisfactory to the Arranger (it being agreed
that the execution version of the Acquisition Agreement provided to the Arranger prior to its execution of the Commitment Letter is reasonably satisfactory to the Arranger). The Acquisition shall have been consummated or will be consummated
substantially concurrently with the funding under the Bridge Facility in accordance with the Acquisition Agreement; provided that no amendment, modification or waiver of any term thereof or any condition to consummate the Acquisition
thereunder, or consent or request by the Company or any of its subsidiaries (other than any such amendment, modification, waiver, consent or request that is not materially adverse to the Lenders) shall be made or granted, as the case may be, without
the prior written consent of the Arranger, such consent not to be unreasonably withheld or delayed; it being understood and agreed that neither of the following are materially adverse to the Lenders: (x) a reduction of less than 5% in the
consideration payable under the Acquisition Agreement so long as such decrease in the consideration payable shall reduce dollar-for-dollar the commitments in respect of Tranche 1 of the Bridge Facility or (y) an increase in the consideration payable
under the Acquisition Agreement so long as such increase is paid in the form of common equity of the Company. 

  

	2.	 Target Material Adverse Effect. Except (a) as set forth in the Company Reports publicly available and
filed with or furnished to the SEC prior to the date of the Commitment Letter (excluding any disclosures of factors or risks contained or references therein under the captions “Risk Factors” or “Forward-Looking Statements” and
any other statements that are predictive, cautionary or forward-looking in nature) or (b) subject to Section 9.04(k) of the Acquisition Agreement, as set forth in the Company Disclosure Letter (in the form provided to the Arranger prior to
its execution of the Commitment Letter), since December 31, 2015 no fact, circumstance, effect, change, event or development that, individually or in the aggregate, has had or would reasonably be expected to have a Target Material Adverse Effect (as
defined below) shall have occurred and be continuing. For the purposes hereof, “Target Material Adverse Effect” means any fact, circumstance, effect, change, event or development that has or would reasonably be expected to have a
material adverse effect on the business, properties, financial condition or results of operations of the Company and the Company Subsidiaries, taken as a whole; provided that no fact, circumstance, effect, change, event or development
resulting from or arising out of any of the following, individually or in the aggregate, shall constitute or be taken into account in determining whether a Target Material Adverse Effect has occurred: (a) any change or condition affecting any
industry in which the Company or any Company Subsidiary operates, including electric generating, transmission or distribution industries (including, in each case, any changes in the operations thereof); (b) any change affecting any economic,
legislative or political condition or any change affecting any securities, credit, financial or other capital markets condition, in each case in the United States, in any foreign jurisdiction or in any specific geographical area; (c) any failure in
and of itself by the Company or any Company Subsidiary to meet any internal or public projection, budget, forecast, estimate or prediction in respect of revenues, earnings or other financial or operating metrics for any period (it being understood
that the facts or occurrences giving rise to or contributing to such failure may be deemed to constitute, or be taking into account in determining whether there has or will be, a Target Material Adverse Effect); (d) any change attributable to the
announcement, execution or delivery of the Acquisition Agreement or the pendency of the Merger, including (i) any action taken by the Company or any Company Subsidiary that is expressly required pursuant to the Acquisition Agreement, or is consented
to by 

  
 Exhibit B-1 

	 	
Parent, or any action taken by Parent or any Affiliate thereof, to obtain any Consent from any Governmental Entity to the consummation of the Merger and the result of any such actions,
(ii) any Claim arising out of or related to the Acquisition Agreement (including shareholder litigation), (iii) any adverse change in supplier, employee, financing source, shareholder, regulatory, partner or similar relationships resulting
therefrom or (iv) any change that arises out of or relates to the identity of Parent or any of its Affiliates as the acquirer of the Company; (e) any change or condition affecting the market for commodities, including any change in the price or
availability of commodities; (f) any change in and of itself in the market price, credit rating or trading volume of shares of Company Common Stock on the NYSE or any change affecting the ratings or the ratings outlook for the Company or any Company
Subsidiary (it being understood that the facts or occurrences giving rise to or contributing to such failure may be deemed to constitute, or be taking into account in determining whether there has or will be, a Target Material Adverse Effect); (g)
any change in applicable Law, regulation or GAAP (or authoritative interpretation thereof); (h) geopolitical conditions, the outbreak or escalation of hostilities, any act of war, sabotage or terrorism, or any escalation or worsening of any such act
of war, sabotage or terrorism threatened or underway as of the date of the Acquisition Agreement; (i) any fact, circumstance, effect, change, event or development resulting from or arising out of or affecting the national, regional, state or local
engineering or construction industries or the wholesale or retail markets for commodities, materials or supplies (including equipment supplies, steel, concrete, electric power, fuel, coal, natural gas, water or coal transportation) or the hedging
markets therefor, including any change in commodity prices; (j) any hurricane, strong winds, ice event, fire, tornado, tsunami, flood, earthquake or other natural disaster or severe weather-related event, circumstance or development; or (k) any
change or effect arising from any requirements imposed by any Governmental Entities as a condition to obtaining the Company Required Statutory Approvals or the Parent Required Statutory Approvals; provided, however, that any fact,
circumstance, effect, change, event or development set forth in clauses (a), (b), (e), (g) and (h) above may be taken into account in determining whether a Target Material Adverse Effect has occurred solely to the extent such fact, circumstance,
effect, change, event or development has a materially disproportionate adverse effect on the Company and the Company Subsidiaries, taken as a whole, as compared to other entities (if any) engaged in the relevant business in the geographic area
affected by such fact, circumstance, effect, change, event or development (in which case, only the incremental disproportionate impact may be taken into account in determining whether there has been, or would be, a Target Material Adverse Effect, to
the extent such change is not otherwise excluded from being taken into account by clauses (a)–(j) of this definition). Capitalized terms used in this paragraph 2 are used as defined in the Acquisition Agreement (in the form provided to the
Arranger prior to its execution of the Commitment Letter). 

  

	3.	Permanent Financing. The Company shall have engaged, on or prior to the date of the Commitment Letter, pursuant to an engagement letter satisfactory to the Arranger, one or more banks or investment banking
institutions of national prominence reasonably acceptable to the Arranger (collectively, the “Financial Institutions”) to arrange permanent financing or refinancing for the Acquisition. 

 

	4.	 Financial Statements. The Arranger shall have received (i) audited consolidated balance sheets and related
audited consolidated statements of operations, cash flows and shareholders’ equity of each of the Company and the Target prepared in accordance with generally accepted accounting principles set forth from time to time in the opinions and
pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements of the Financial Accounting Standards Board (“GAAP”) as of and for each of the three fiscal years ending at
least 60 days prior to the Closing Date, (ii) unaudited consolidated balance sheets and 

  
 Exhibit B-2 

	 	
related unaudited consolidated statements of operations and cash flows prepared in accordance with GAAP as of and for each fiscal quarter (other than the fourth fiscal quarter) of each of the
Company and the Target ending after the latest fiscal year for which financial statements have been delivered under clause (i) and at least 40 days prior to the Closing Date and for the corresponding periods of the prior fiscal year and (iii)
customary pro forma financial statements of the Company giving effect to the Transactions and all other recent, probable or pending acquisitions, in each of clauses (i) through (iii) meeting the requirements of
Regulation S-X and, in the case of clause (iii), as of and for the periods required by Rule 3-05 and Article 11, as applicable, of Regulation S-X and only to the extent the Company will be required to
file such financial statements with the Securities and Exchange Commission, regardless of the timing of such filing. The Arranger hereby acknowledges that the Company’s or the Target’s public filing with the Securities and Exchange
Commission of any required audited financial statements on Form 10-K or required unaudited financial statements on Form 10-Q, in each case, will satisfy the requirements under clauses (i) or (ii) as applicable, of this paragraph. 

 

	5.	Syndication Period. The Arranger shall have received the Information Memorandum and the Lender Presentation by a date sufficient to afford the Arranger a period of at least 15 consecutive business days
following the receipt thereof to syndicate the Bridge Facility prior to the Closing Date. 

  

	6.	Definitive Documents; Customary Closing Conditions. Loan Documents substantially consistent with the terms set forth in this Commitment Letter shall have been executed and delivered by the Company. The Company
shall have complied with each of the following closing conditions: (i) the delivery of customary legal opinions from Bracewell LLP, as special counsel to the Company (or other counsel reasonably acceptable to the Administrative Agent), in form
and substance reasonably acceptable to the Company and the Administrative Agent; (ii) the delivery of customary resolutions and secretary’s certificates relating to the organization, existence and good standing of the Company and the
authorization of the Loan Documents and a customary certificate that certifies that the condition precedent set forth in paragraph 1 of this Exhibit B has been satisfied; (iii) the delivery of a customary borrowing notice; (iv) payment of fees and,
to the extent invoiced at least three days prior to the Closing Date, expenses payable to the Arranger, the Administrative Agent or the Lenders to the extent required by the Fee Letter or the Loan Documents to be paid on or prior to the Closing
Date; (v) the delivery of a solvency certificate from the chief financial officer of the Company in the form of Annex I to Exhibit B certifying the solvency of the Company and its subsidiaries on a consolidated basis after giving effect to the
Transactions; and (vi) the Administrative Agent shall have received at least five business days prior to the Closing Date all documentation and other information reasonably requested by the Administrative Agent (or any Lender through the
Administrative Agent) in writing at least ten days prior to the Closing Date that is required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the Patriot Act.

  

	7.	No Default/Accuracy of Certain Representations and Warranties. (i) There shall exist no default or event of default under the Loan Documents corresponding to the following provisions of the Existing
Revolving Credit Agreement: Sections 7.2, 7.3 (solely with respect to any breaches under Section 6.11), 7.4 (other than with respect to any non-consensual liens arising by operation of law), 7.5 (solely with respect to any breaches under Section
6.18), 7.6 (limited to cross-payment default with respect to debt of at least $100.0 million in the aggregate), 7.7 and 7.8; and (ii) the Target Representations and the Specified Representations shall be true and correct in all material respects
(except those which are qualified by materiality, which shall be true and correct), in each case at the time of, and immediately after giving effect to, the making of the loans under the Bridge Facility on the Closing Date. 

  
 Exhibit B-3 

	8.	Existing Revolving Credit Agreement. Solely with respect to the availability of Tranche 2 of the Bridge Facility, the Existing Revolving Credit Agreement (including any amendment thereto or replacement
thereof, other than Tranche 2) shall have been terminated and all amounts outstanding thereunder shall have repaid in full with the proceeds of Tranche 2 of the Bridge Facility substantially concurrently with the borrowing thereof.

  
 Exhibit B-4 

 Annex I to Exhibit B 

Form of Solvency Certificate 

SOLVENCY CERTIFICATE 
 of

 GREAT PLAINS ENERGY INCORPORATED 

AND ITS SUBSIDIARIES 

Pursuant to Section [●] of the Credit Agreement, the undersigned hereby certifies, solely in such undersigned’s capacity as [chief
financial officer] [chief accounting officer] [specify other officer with equivalent duties] of Great Plains Energy Incorporated (the “Company”), and not individually and on behalf of the Company and without personal
liability, as follows: 
 As of the date hereof, after giving effect to the consummation of the Transactions, including the making of the
Loans under the Credit Agreement, and after giving effect to the application of the proceeds of such indebtedness: 
  

	 	a.	The fair value of the assets of the Company and its subsidiaries, on a consolidated basis, exceeds, on a consolidated basis, their debts and liabilities, subordinated, contingent or otherwise; 

 

	 	b.	The present fair saleable value of the property of the Company and its subsidiaries, on a consolidated basis, is greater than the amount that will be required to pay the probable liability, on a consolidated basis, of
their debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; 

  

	 	c.	The Company and its subsidiaries, on a consolidated basis, are able to pay their debts and liabilities, subordinated, contingent or otherwise, as such liabilities become absolute and matured; and 

 

	 	d.	The Company and its subsidiaries, on a consolidated basis, are not engaged in, and are not about to engage in, business for which they have unreasonably small capital. 

For purposes of this Certificate, the amount of any contingent liability at any time shall be computed as the amount that would reasonably be
expected to become an actual and matured liability. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. 

[Signature Page Follows] 

  
 Annex I to Exhibit B-1

 IN WITNESS WHEREOF, the undersigned has executed this Certificate in such undersigned’s
capacity as [chief financial officer] [chief accounting officer] [specify other officer with equivalent duties] of the Company, on behalf of the Company, and not individually and without personal liability, as of the date first stated above.

  

			
	GREAT PLAINS ENERGY INCORPORATED
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 Annex I to Exhibit B-2

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