Document:

EX-10.2

 Exhibit 10.2 

REGISTRATION RIGHTS AGREEMENT 

dated as of May [•], 2019 

by and among 
 ATHENEX, INC.,

 PERCEPTIVE LIFE SCIENCES MASTER FUND, LTD. 

VENBIO SELECT FUND LLC 

ORBIMED PARTNERS MASTER FUND LIMITED 

and 
 THE BIOTECH GROWTH TRUST
PLC 
  

 TABLE OF CONTENTS 

 

							
	 	  	Page	 
		
	 Article I DEFINITIONS AND INTERPRETATION
	  	 	2	 
	 Section 1.1
	  	Definitions	  	 	2	 
	 Section 1.2
	  	Interpretation and Rules of Construction	  	 	5	 
		
	 Article II TRANSFER RESTRICTIONS; REGISTRATION RIGHTS
	  	 	6	 
	 Section 2.1
	  	Transfer Restrictions	  	 	6	 
	 Section 2.2
	  	Restrictive Legend; Execution by the Company	  	 	6	 
	 Section 2.3
	  	Notice of Proposed Transfers	  	 	7	 
	 Section 2.4
	  	Registration	  	 	8	 
	 Section 2.5
	  	Effectiveness	  	 	8	 
	 Section 2.6
	  	Rights to Piggyback Registration	  	 	10	 
	 Section 2.7
	  	Obligations of the Company	  	 	11	 
	 Section 2.8
	  	Furnish Information	  	 	12	 
	 Section 2.9
	  	Indemnification	  	 	12	 
	 Section 2.10
	  	Rule 144 Reporting	  	 	14	 
		
	 Article III GENERAL PROVISIONS
	  	 	15	 
	 Section 3.1
	  	Confidentiality	  	 	15	 
	 Section 3.2
	  	Termination	  	 	15	 
	 Section 3.3
	  	Notices	  	 	15	 
	 Section 3.4
	  	Entire Agreement	  	 	16	 
	 Section 3.5
	  	Governing Law	  	 	16	 
	 Section 3.6
	  	Dispute Resolution	  	 	16	 
	 Section 3.7
	  	Severability	  	 	17	 
	 Section 3.8
	  	Assignments and Transfers; No Third Party Beneficiaries	  	 	17	 
	 Section 3.9
	  	Construction	  	 	17	 
	 Section 3.10
	  	Counterparts	  	 	17	 
	 Section 3.11
	  	Aggregation of Shares	  	 	18	 
	 Section 3.12
	  	Specific Performance	  	 	18	 
	 Section 3.13
	  	Amendment; Waiver	  	 	18	 
	 Section 3.14
	  	Public Announcements	  	 	18	 

 REGISTRATION RIGHTS AGREEMENT 

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of May [•], 2019 by and among
(i) Athenex, Inc., a Delaware corporation (the “Company”), and (ii) Perceptive Life Sciences Master Fund, Ltd., a Cayman Islands exempted company, venBio Select Fund LLC, a Delaware limited liability company, OrbiMed
Partners Master Fund Limited, a Bermuda exempted company, and The Biotech Growth Trust PLC, a a United Kingdom investment trust (each, an “Investor” and, together, the “Investors”). 

RECITALS 
 WHEREAS,
the Investors have agreed to purchase from the Company, and the Company has agreed to sell to the Investors, shares of common stock, par value US$0.001 per share (the “Common Stock”) of the Company, on the terms and conditions set
forth in the Share Purchase Agreement dated as of May 3, 2019 between the Company and the Investors (the “Share Purchase Agreement”); and 

WHEREAS, it is a condition to the Closing that the parties hereto enter into this Agreement to set forth certain rights and obligations
of the parties hereto in connection with the transactions contemplated under the Share Purchase Agreement. 
 NOW, THEREFORE, in
consideration of the premises set forth above, the mutual promises and covenants set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 

ARTICLE I 
 DEFINITIONS
AND INTERPRETATION 
 Section 1.1 Definitions. In this Agreement, except to the extent otherwise provided or
that the context otherwise requires: 
 “Affiliate” means, in respect of a Person, any other Person that, directly or
indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such Person, and (i) in the case of a natural person, shall include, without limitation, such Person’s spouse, parents, children,
siblings, mother-in-law and father-in-law and brothers and
sisters-in-law, (ii) in the case of a Shareholder, shall include (A) any Person who holds shares as a nominee for such Shareholder, (B) any shareholder of
such Shareholder, (C) any Person which has a direct and indirect interest in such Shareholder (including, if applicable, any general partner or limited partner) or any fund manager thereof; (D) any Person that directly or indirectly
controls, is controlled by, under common control with, or is managed by such Shareholder or its fund manager, (E) the relatives of any individual referred to in (B) above, and (F) any trust controlled by or held for the benefit of
such individuals. For the purpose of this definition, “control” (and correlative terms) shall mean the direct or indirect power, whether by contract, equity ownership or otherwise, to direct the policies or management of a Person, provided
that the direct or indirect ownership of twenty-five percent (25%) or more of the voting power of a Person is deemed to constitute control of that Person; 

“Agreement” has the meaning set forth in the Preamble; 

  
 2 

 “Articles” means the Company’s Certificate of Incorporation, as
amended from time to time; 
 “beneficial ownership” or “beneficially own” or similar term means
beneficial ownership as defined under Rule 13d-3 under the Exchange Act; 
 “Board”
and “Board of Directors” means the Board of Directors of the Company; 
 “Business Day” has the meaning as
defined in the Articles; 
 “Claim Notice” has the meaning set forth in Section 2.9(c); 

“Closing” means the closing of the transactions contemplated under the Share Purchase Agreement, being the date hereof; 

“Commission” means the United States Securities and Exchange Commission or any other federal agency at the time administering
the Securities Act or other governmental agency administering the securities laws in the jurisdiction in which the Company’s securities are registered or being registered; 

“Common Stock” has the meaning set forth in the Recitals; 

“Company” has the meaning set forth in the Preamble; 

“Confidential Information” has the meaning set forth in Section 3.1; 

“Director(s)” means the director(s) of the Company; 

“Email” has the meaning set forth in Section 3.3; 

“Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended; 

“Form S-3” has the meaning set forth in Section 2.4(a); 

“Group Company” means the Company’s material subsidiaries, material consolidated affiliated entities and their material
subsidiaries and “Group Companies” shall mean all of them; 
 “Hong Kong” means the Hong Kong Special
Administrative Region of the People’s Republic of China; 
 “Investor” and “Investors” have the
meaning set forth in the Preamble; 
 “Nasdaq” means the Nasdaq Global Select Market; 

“Perceptive” means Perceptive Life Sciences Master Fund, Ltd., a Cayman Islands exempted company, which is an Investor. 

“Permitted Transferee” has the meaning set forth in Section 3.8; 

  
 3 

 “Person” means an individual, corporation, partnership, limited liability
company, association, trust, unincorporated organization, or other entity; 
 “Prospectus” means (i) the
prospectus included in any Registration Statement, as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of any portion of the Registrable Securities covered by such Registration Statement and by all
other amendments and supplements to the prospectus, including post-effective amendments and all material incorporated by reference in such prospectus, and (ii) any “free writing prospectus” as defined in Rule 405 under the 1933 Act.

 “register,” “registered” and “registration” means (i) a registration effected by
preparing and filing a registration statement in compliance with the Securities Act, and the declaration or ordering of the effectiveness of such registration statement, or (ii) in the context of a public offering in a jurisdiction other than
the United States, a registration, qualification or filing under the applicable securities laws of such other jurisdiction; 

“Registrable Securities” means (i) the Subject Shares, and (ii) shares of the Common Stock of the Company issued as
a dividend or other distribution with respect to, or in exchange for or in replacement of, any of the Subject Shares, directly, or indirectly, whether by merger, amendment to Articles, stock split, dividend, recapitalization, or otherwise.
Notwithstanding the foregoing, “Registrable Securities” shall not include any Registrable Securities sold by a Person in a transaction in which rights under Section 2 are not assigned in accordance with this Agreement or any
Registrable Securities sold in a public offering, whether sold pursuant to Rule 144, or in a registered offering, or otherwise; 

“Registration Expenses” means all expenses incurred by the Company in complying with Section 2.4 hereof, including,
without limitation, all registration, qualification and filing fees, printing expenses, escrow fees, fees and disbursements of counsel for the Company, blue sky fees and expenses, the expense of any special audits incident to or required by any such
registration and the reasonable fees and disbursements of one counsel for the Investor (which fees and disbursements of counsel shall be subject to an aggregate cap of US$35,000), and any fee charged by any depositary bank, transfer agent or share
registrar, but excluding Selling Expenses. For the avoidance of doubt, the Company shall pay all expenses incurred in connection with a registration pursuant to Section 2 notwithstanding the cancellation or delay of the registration proceeding
for any reason; 
 “Restricted Securities” means the securities of the Company required to bear the legend set forth in
Section 2.2 hereof; 
 “Rule 144” has the meaning set forth in Section 2.3; 

“Securities” means any share of the Common Stock or any equity interest of, or shares of any class in the share capital
(common, preferred or otherwise) of, the Company and any convertible securities, options, warrants and any other type of equity or equity-linked securities convertible, exercisable or exchangeable for any such equity interest or shares of any class
in the share capital of the Company; 

  
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 “Securities Act” means the United States Securities Act of 1933 as amended
from time to time, also referred to herein as the “Act”; 
 “Selling Expenses” means all underwriting
discounts and selling commissions; 
 “Share Purchase Agreement” has the meaning set forth in the Recitals; 

“Shareholder” or “Shareholders” means Persons who hold the shares of the Common Stock from time to time;

 “Subject Shares” means the shares of the Common Stock issued to the Investors at the Closing; provided, however, that
for the avoidance of doubt, the term “Subject Shares” does not include any shares of Common Stock sold to Perceptive pursuant to a Share Purchase Agreement dated as of June 29, 2018 between the Company and Perceptive, which are
subject to a Registration Rights Agreement, dated as of July 3, 2018, between the Company and Perceptive; 
 “Transaction
Documents” means this Agreement, the Share Purchase Agreement, and each of the other agreements and documents entered into or delivered by the parties hereto in connection with the transactions contemplated hereby or thereby; 

“Violation” has the meaning set forth in Section 2.9(a); and 

Section 1.2 Interpretation and Rules of Construction. In this Agreement, except to the extent otherwise provided or
that the context otherwise requires: 
 (a) when a reference is made in this Agreement to an Article or Section, such reference is to an
Article or Section of this Agreement; 
 (b) the headings for this Agreement are for reference purposes only and do not affect in any way
the meaning or interpretation of this Agreement; 
 (c) the words “hereof,” “herein” and “hereunder” and words
of similar import, when used in this Agreement, refer to this Agreement as a whole and not to any particular provision of this Agreement; 

(d) all terms defined in this Agreement have the defined meanings when used in any certificate or other document made or delivered pursuant
hereto, unless otherwise defined therein; 
 (e) the definitions contained in this Agreement are applicable to the singular as well as the
plural forms of such terms; and 
 (f) references to a Person are also to its successors and permitted assigns. 

  
 5 

 ARTICLE II 

TRANSFER RESTRICTIONS; REGISTRATION RIGHTS 

Section 2.1 Transfer Restrictions 

The Restricted Securities (including the Subject Shares) shall not be sold, assigned, transferred or pledged except upon the conditions
specified in this Section 2, which conditions are intended to, inter alia, ensure compliance with the provisions of applicable securities laws. Each Investor will cause any proposed purchaser, assignee, transferee or pledgee of any
such shares held by such holder to agree in writing to take and hold such securities subject to the provisions and upon the conditions specified in this Agreement. 

Section 2.2 Restrictive Legend; Execution by the Company. 

(a) Each certificate (if any) representing the Subject Shares, and any replacement securities issued in respect of the Subject Shares, shall
(unless otherwise permitted by the provisions of Section 2.3 below) be stamped or otherwise imprinted with legends substantially in the following form (in addition to any legend required under applicable federal, state, local or non-United States law): 
 (i) “THE SECURITIES REPRESENTED BY THIS INSTRUMENT HAVE NOT BEEN
REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE TRANSFERRED, SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF EXCEPT WHILE A REGISTRATION STATEMENT
RELATING THERETO IS IN EFFECT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND SUCH LAWS. ANY ATTEMPT TO TRANSFER, SELL, OFFER TO SELL, PLEDGE, HYPOTHECATE OR OTHERWISE DISPOSE OF
THIS INSTRUMENT IN VIOLATION OF THESE RESTRICTIONS SHALL BE VOID.” 
 (ii) “THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT
TO AND MAY ONLY BE SOLD, DISPOSED OF OR OTHERWISE TRANSFERRED IN COMPLIANCE WITH THE REGISTRATION RIGHTS AGREEMENT, DATED MAY [•], 2019 AND THE SHARE PURCHASE AGREEMENT, DATED MAY 3, 2019, ENTERED INTO BY THE HOLDER OF THESE SHARES AND THE
COMPANY. COPIES OF SUCH AGREEMENTS ARE ON FILE AT THE PRINCIPAL OFFICE OF THE COMPANY. THESE RESTRICTIONS ARE BINDING ON TRANSFEREES OF THESE SHARES. BY ACCEPTING ANY INTEREST IN SUCH SHARES THE PERSON ACCEPTING SUCH INTEREST SHALL BE DEEMED TO
AGREE TO AND SHALL BECOME BOUND BY ALL THE PROVISIONS OF SAID AGREEMENTS AS APPLICABLE.” 
 (b) The Investors consent to the Company
making a notation on its records and giving instructions to any transfer agent of the Restricted Securities in order to implement the restrictions on transfer established in this Section 2.2. 

  
 6 

 (c) The Company agrees that it will cause the certificates evidencing the shares of the
Common Stock to bear the legend required by this Section 2.2, and it shall supply, free of charge, a copy of this Agreement to any holder of a certificate evidencing shares of the Common Stock containing such legend upon written request from
such holder to the Company at its principal office. The parties hereto do hereby agree that the failure to cause the certificates evidencing the appropriate shares of the Common Stock to bear the legend required by this Section 2.2 and/or
failure of the Company to supply, free of charge, a copy of this Agreement as provided under this Section 2.2 shall not affect the validity or enforcement of this Agreement. 

Section 2.3 Notice of Proposed Transfers. 

The holder of each certificate representing the Subject Shares by acceptance thereof agrees to comply in all respects with the provisions of
this Section 2.3. Prior to any proposed sale, assignment, transfer or pledge of any Subject Shares (other than (a) a transfer not involving a change in beneficial ownership, (b) in transactions involving the distribution without
consideration of the Subject Shares by the holder to any of its partners, members, or retired partners or members, or to the estate of any of its partners or members or retired partners or members, (c) in transactions in compliance with
Rule 144 promulgated under the Securities Act (“Rule 144”), (d) transfers by members that are entities to affiliated entities or funds (United States based or
non-United States based), and (e) transfers to the Company by any holder of the Subject Shares pursuant to the Company’s repurchase option set forth in any agreement entered into as of or after the
date hereof if such agreement is approved by a majority of the Board), each Investor shall give written notice to the Company of such Investor’s intention to effect such transfer, sale, assignment or pledge. Each such notice shall describe the
manner and circumstances of the proposed transfer, sale, assignment or pledge in sufficient detail, and if reasonably requested by the Company, shall be accompanied, at such holder’s expense, by either (a) a written opinion of legal
counsel who shall be, and whose legal opinion shall be, reasonably satisfactory to the Company addressed to the Company, to the effect that the proposed transfer of the Subject Shares may be effected without registration under the Securities Act, or
(b) a “no action” letter from the Commission to the effect that the transfer of such securities without registration will not result in a recommendation by the staff of the Commission that action be taken with respect thereto,
whereupon the holder of such Subject Shares shall be entitled to transfer such Subject Shares in accordance with the terms of the notice delivered by the holder to the Company. For the avoidance of doubt, it shall not be reasonable for the Company
to request that a notice be accompanied by any such opinion or “no action” letter if, among other things, both the transferor and the transferee have certified in writing that each of them is not a U.S. Person (as defined under
Rule 902 of Regulation S promulgated under the Securities Act). Notwithstanding any of the foregoing exceptions to the notice requirements, all transferees shall be bound by the obligations of the transferor in this Agreement. Each certificate
evidencing the Restricted Securities transferred as above provided shall bear, except if such transfer is made pursuant to Rule 144, the appropriate restrictive legends set forth in Section 2.2 above, except that such certificate shall not
bear such restrictive legends if in the opinion of counsel for such holder and the Company such legend is not required in order to establish compliance with any provision of the Securities Act. 

  
 7 

 Section 2.4 Registration. 

(a) Promptly following the date of the Closing (the “Closing Date”) but no later than ninety (90) days after the Closing
Date (the “Filing Deadline”), the Company shall prepare and file with the Commission one registration statement on Form S-3 (or, if Form S-3 is not then
available to the Company, on Form S-1) (the “Registration Statement”) covering the resale of the Registrable Securities. Subject to any Commission comments, such Registration Statement
shall include the plan of distribution attached hereto as Exhibit A; provided, however, that no Investor shall be named as an “underwriter” in the Registration Statement without such Investor’s prior written consent. Such
Registration Statement shall not include any shares of Common Stock or other securities for the account of any other holder without the prior written consent of the Investors. The Registration Statement (and each amendment or supplement thereto, and
each request for acceleration of effectiveness thereof) shall be provided to the Investors and their respective counsel for reasonable advance comment prior to its filing or other submission. 

(b) Expenses. The Company shall pay all Registration Expenses incurred in connection with each registration requested pursuant to this
Section 2.4. Each Investor shall bear its proportionate share (based upon the total number of shares sold in such registration other than for the account of the Company) of any Selling Expenses incurred in connection with such registration of
securities. 
 (c) Deferral. Notwithstanding the foregoing, if the Company shall furnish to the Investors a certificate signed by the
CEO of the Company stating that in the good faith judgment of the Board, it would be materially detrimental to the Company and its shareholders for such registration statement to be filed, then the Company shall have the right to defer such filing
for a period of not more than ninety (90) days; provided, however, that the Company may not utilize this right more than once; provided, further that during such ninety (90) day period, the Company
shall not file any registration statement pertaining to the public offering of any securities of the Company. 
 Section 2.5
Effectiveness  
 (a) The Company shall use best efforts to have the Registration Statement declared effective as soon as
practicable. The Company shall notify the Investors by facsimile or e-mail as promptly as practicable, and in any event, within twenty-four (24) hours, after any Registration Statement is declared
effective and shall simultaneously provide the Investors with copies of any related Prospectus to be used in connection with the sale or other disposition of the securities covered thereby. If (A) a Registration Statement covering the
Registrable Securities is not declared effective by the Commission prior to the earlier of (i) five (5) Business Days after the Commission shall have informed the Company that no review of the Registration Statement will be made or that the
Commission has no further comments on the Registration Statement or (ii) the 120th day after the Closing Date (the 150th day if the Commission reviews the Registration Statement), or (B) after a Registration Statement has been declared
effective by the Commission (the “Effectiveness Deadline”), sales cannot be made continuously pursuant to such Registration Statement for any reason (including without limitation by reason of a stop order, or the Company’s
failure to update the Registration Statement) (each such event, a “Default”). In the event that a Default occurs then, in addition to any other rights the Investors may have hereunder or under applicable law, on the first day of the
occurrence of the Default, and on the same day of each succeeding month (if the applicable Default shall not have been cured by such date) until the applicable Default is cured, the Company shall pay to each Investor an amount in cash, as liquidated
damages and not as a penalty (“Liquidated Damages”), equal to 1.0% of the aggregate purchase price paid by such Investor pursuant to the Share Purchase Agreement for any Registrable 

  
 8 

 
Securities held by such Investor on the date of the Default and the same day of each succeeding month. The parties agree that in no event shall the aggregate amount of Liquidated Damages payable
to the Investors exceed, in the aggregate, twenty-five percent (25%) of the aggregate purchase price paid by the Investors pursuant to the Share Purchase Agreement. If the Company fails to pay any Liquidated Damages pursuant to this
Section 2.5(a) in full within five (5) Business Days after the date payable, the Company will pay interest thereon at a rate of 1.5% per month (or such lesser maximum amount that is permitted to be paid by applicable law) to the Investors,
accruing daily from the date such Liquidated Damages are due until such amounts, plus all such interest thereon, are paid in full. The Liquidated Damages pursuant to the terms hereof shall apply on a daily
pro-rata basis for any portion of a month prior to the cure of a Default, except in the case of the first occurrence of the Default. The Effectiveness Deadline for a Registration Statement shall be extended
without default or Liquidated Damages hereunder in the event that the Company’s failure to obtain the effectiveness of the Registration Statement on a timely basis results from the failure of any Investor to timely provide the Company with
information requested by the Company and necessary to complete the Registration Statement in accordance with the requirements of the Securities Act (in which case the Effectiveness Deadline would be extended with respect to Registrable Securities
held by the Investors). 
 (b) Rule 415; Cutback If at any time the Commission takes the position that the offering of some or all of
the Registrable Securities in a Registration Statement is not eligible to be made on a delayed or continuous basis under the provisions of Rule 415 under the 1933 Act or requires any Investor to be named as an “underwriter”, the Company
shall use its commercially reasonable best efforts to persuade the Commission that the offering contemplated by the Registration Statement is a valid secondary offering and not an offering “by or on behalf of the issuer” as defined in Rule
415 and that no Investor is an “underwriter”. The Investors shall have the right to participate or have their counsel participate in any meetings or discussions with the Commission regarding the Commission’s position and to comment or
have their counsel comment on any written submission made to the Commission with respect thereto. No such written submission shall be made to the Commission to which the Investors’ counsel reasonably objects. In the event that, despite the
Company’s best efforts and compliance with the terms of this Section 2.5(b), the Commission refuses to alter its position, the Company shall (i) remove from the Registration Statement such portion of the Registrable Securities (the
“Cut Back Shares”) and/or (ii) agree to such restrictions and limitations on the registration and resale of the Registrable Securities as the Commission may require to assure the Company’s compliance with the requirements
of Rule 415 (collectively, the “Commission Restrictions”); provided, however, that the Company shall not agree to name any Investor as an “underwriter” in such Registration Statement without the prior written consent of
such Investor. If and to the extent permitted by the Commission, the Cut-Back Shares shall be allocated among the Investors on a pro rata basis, in proportion to their respective Registrable Securities. No
Liquidated Damages shall accrue as to any Cut Back Shares until such date as the Company is able to effect the registration of such Cut Back Shares in accordance with any Commission Restrictions (such date, the “Restriction Termination
Date” of such Cut Back Shares). From and after the Restriction Termination Date applicable to any Cut Back Shares, all of the provisions of this Section 2 (including the Liquidated Damages provisions) shall again be applicable to such
Cut Back Shares; provided, however, that (i) the Filing Deadline for the Registration Statement including such Cut Back Shares shall be ten (10) Business Days after such Restriction Termination Date, and (ii) the date by which the
Company is required to obtain effectiveness with respect to such Cut Back Shares shall be the 90th 

  
 9 

 
day immediately after the Restriction Termination Date. For the avoidance of doubt, for purposes of this Section 2.5(b), the term “best efforts” shall not require the Company to
institute or maintain any action, suit or proceeding against the Commission or any member of the Staff of the Commission. 

Section 2.6 Rights to Piggyback Registration  

(a) If at any time following the date of this Agreement that any Registrable Securities remain outstanding (A) there is not one or more
effective Registration Statements covering all of the Registrable Securities and (B) the Company proposes for any reason to register any shares of Common Stock under the 1933 Act (other than pursuant to a registration statement on Form S-4 or Form S-8 (or a similar or successor form)) with respect to an offering of Common Stock by the Company for its own account or for the account of any of its stockholders,
it shall at each such time promptly give written notice to the holders of the Registrable Securities of its intention to do so (but in no event less than thirty (30) days before the anticipated filing date) and, to the extent permitted under
the provisions of Rule 415 under the 1933 Act, include in such registration all Registrable Securities with respect to which the Company has received written requests for inclusion therein within fifteen (15) days after receipt of the
Company’s notice (a “Piggyback Registration”). Such notice shall offer the holders of the Registrable Securities the opportunity to register such number of shares of Registrable Securities as each such holder may request and
shall indicate the intended method of distribution of such Registrable Securities. 
     (a) Notwithstanding the
foregoing, (A) if such registration involves an underwritten public offering, the Investors must sell their Registrable Securities to, if applicable, the underwriter(s) at the same price and subject to the same underwriting discounts and
commissions that apply to the other securities sold in such offering (it being acknowledged that the Company shall be responsible for other expenses as set forth in Section 2.4(b)) and subject to the Investors entering into customary
underwriting documentation for selling stockholders in an underwritten public offering, and (B) if, at any time after giving written notice of its intention to register any Registrable Securities pursuant to Section 2.6(a) and prior to the
effective date of the registration statement filed in connection with such registration, the Company shall determine for any reason not to cause such registration statement to become effective under the 1933 Act, the Company shall deliver written
notice to the Investors and, thereupon, shall be relieved of its obligation to register any Registrable Securities in connection with such registration; provided, however, that nothing contained in this Section 2.6(b) shall limit the
Company’s liabilities and/or obligations under this Agreement, including, without limitation, the obligation to pay liquidated damages under Section 2.5. If the managing underwriter(s) for the underwritten public offering advise the
Company that the number of shares proposed to be included in the offering exceeds the number that can reasonably be sold in the offering, then the shares to be included in such offering shall be allocated, first, to the account of the Company, in
the event that the public offering relates to a primary offering by or on behalf of the Company, or, if the offering is being made pursuant to a demand registration rights granted to one or more holders of Common Stock, such holders, second, to the
Investors (proportionally), and third, to any other holder of Common Stock having the right to include its shares in such offering. 

  
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 Section 2.7 Obligations of the Company  

Whenever required to effect the registration of any Registrable Securities under this Agreement, the Company shall keep the Investors advised
in writing as to the initiation of such registration and as to the completion thereof, and shall, at its expense promptly: 
 (a)
Registration Statement. Prepare and file with the Commission a registration statement with respect to such Registrable Securities and use its commercially reasonable efforts to cause such registration statement to become effective, and keep
any such registration statement effective for a period of one hundred and twenty (120) days or until the Investors have completed the distribution described in the Registration Statement relating thereto, whichever occurs first. 

(b) Amendments and Supplements. Prepare and file with the Commission such amendments and supplements to the Registration Statement and
the Prospectus used in connection with such registration statement as may be necessary to comply with the provisions of the Securities Act or other applicable securities laws with respect to the disposition of all securities covered by such
registration statement. 
 (c) Registration Statements and Prospectuses. Furnish to the Investors such number of copies of
Registration Statements and Prospectuses, including a preliminary prospectus, in conformity with the requirements of the Securities Act or other applicable securities laws, and such other documents as it may reasonably request in order to facilitate
the disposition of the Registrable Securities owned by it that are included in such registration. 
 (d) Blue Sky. Use its best
efforts to register and qualify the securities covered by such registration statement under such other securities or blue sky laws of such jurisdictions as shall be reasonably requested by the Investors, provided that the Company
shall not be required in connection therewith or as a condition thereto to qualify to do business or to file a general consent to service of process in any such states or jurisdictions. 

(e) Notification. Notify the Investors at any time when a prospectus relating to its Registrable Securities is required to be delivered
under the Securities Act or other applicable securities laws of the happening of any event as a result of which the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to
state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing. 

(f) Listing on Securities Exchange(s). Cause all such Registrable Securities registered pursuant hereto to be listed on the Nasdaq, or
such other internationally recognized exchange, for long as the Company’s securities are listed on such exchange. 

  
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 Section 2.8 Furnish Information. 

It shall be a condition precedent to the obligations of the Company to take any action pursuant to Section 2.4 with respect to the
Registrable Securities of the Investors, that the Investors shall furnish to the Company such information regarding itself, the Registrable Securities held by it and the intended method of disposition of such securities as shall be reasonably
requested in writing by the Company to timely effect the registration of its Registrable Securities. 
 Section 2.9
Indemnification. 
 The following indemnification provisions shall apply in the event any Registrable Securities are included in a
registration statement under Section 2.4: 
 (a) By the Company. To the extent permitted by law, the Company will indemnify and
hold harmless each Investor, and the partners, officers, directors, employees, trustees and legal counsel of each Investor and each Person, if any, who controls an Investor within the meaning of Section 15 of the Securities Act against any
expenses, losses, claims, damages, or liabilities (joint or several) (or actions in respect thereof) to which they may become subject under the Securities Act, the Exchange Act or other applicable law, insofar as such expenses, losses, claims,
damages, or liabilities (or actions in respect thereof) arise out of or are based upon any of the following statements, omissions or violations (each a “Violation”): 

(i) any untrue statement or alleged untrue statement of a material fact contained in any registration statement, offering circular,
preliminary prospectus, final prospectus or other document, or any amendments or supplements thereto; 
 (ii) the omission or alleged
omission to state therein a material fact required to be stated therein, or necessary to make the statements therein, in light of the circumstances in which they were made, not misleading; or 

(iii) any violation or alleged violation of the Securities Act, the Exchange Act, any federal or state or foreign securities law or any
rule or regulation promulgated under the Securities Act, the Exchange Act or other applicable securities law in connection with the offering covered by such registration statement; and the Company will reimburse the Investors, and their
respective partners, officers, directors, employees, legal counsel or controlling Person for any legal or other expenses reasonably incurred by them, as incurred, in connection with investigating or defending any such loss, claim, damage,
liability or action; provided, however, that the indemnity agreement contained in this Section 2.9(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such
settlement is effected without the consent of the Company (which consent shall not be unreasonably withheld), nor shall the Company be liable in any such case for any such loss, claim, damage, liability or action to the extent that it arises out of
or is based upon a Violation which occurs in reliance upon and in conformity with written information furnished expressly for use in connection with such registration by the Investors, underwriter or controlling Person of Investor. 

  
 12 

 (b) By Investors. To the extent permitted by law, each Investor will indemnify and
hold harmless the Company and the partners, officers, directors, employees, trustees and legal counsel of the Company and each Person, if any, who controls the Company within the meaning of Section 15 of the Securities Act, and any other
Shareholder selling securities under such registration statement or any of such other Shareholder’s partners, directors, officers, employees, trustees and legal counsel of such Shareholder and each Person, if any, who controls such Shareholder
within the meaning of Section 15 of the Securities Act, against any expenses, losses, claims, damages or liabilities (joint or several) (or actions in respect thereof) to which the Company or any such director, officer, employee, trustee, legal
counsel, controlling Person or other such Shareholder, partner or director, officer, employee or controlling Person of such other Shareholder may become subject under the Securities Act, the Exchange Act or other applicable law, insofar as such
expenses, losses, claims, damages or liabilities (or actions in respect thereto) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) that such Violation occurs in reliance upon and in conformity with
written information furnished by such Investor to the Company expressly for inclusion in the Registration Statement or Prospectus or amendment or supplement thereto, which constituted by the Investor an untrue statement of a material fact or any
omission of a material fact required to be stated in the Registration Statement or Prospectus or preliminary Prospectus or amendment or supplement thereto or necessary to make the statements therein not misleading: and such Investor will reimburse
any legal or other expenses reasonably incurred by the Company or any such director, officer, employee, controlling Person or other Shareholder, partner, officer, employee, director or controlling Person of such other Shareholder in connection with
investigating or defending any such loss, claim, damage, liability or action: provided, however, that the indemnity agreement contained in this Section 2.9(b) shall not apply to amounts paid in settlement of any
such loss, claim, damage, liability or action if such settlement is effected without the consent of such Investor, which consent shall not be unreasonably withheld; and provided, further that the total amounts payable in
indemnity by such Investor under this Section 2.9(b) plus any amount under Section 2.9(e) in respect of any Violation shall not exceed the net proceeds received by such Investor in the registered offering out of which such
Violation arises. For the avoidance of doubt, the Investors indemnification obligations pursuant to this Section are several and not joint. 

(c) Notice. Promptly after receipt by an indemnified party under this Section 2.9 of notice of the commencement of any claim or
action (including any governmental action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 2.9, deliver to the indemnifying party a written notice of the commencement
thereof (a “Claim Notice”) and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense
thereof with counsel mutually satisfactory to the parties; provided, however, that an indemnified party shall have the right to retain its own counsel, with the reasonable fees and expenses to be paid by the indemnifying
party (i) during the period from the delivery of a Claim Notice until retention of counsel by the indemnifying party; and (ii) if representation of such indemnified party by the counsel retained by the indemnifying party would be
inappropriate due to conflict of interests between such indemnified party and any other party represented by such counsel in such proceeding. The failure to deliver written notice to the indemnifying party within a reasonable time of the
commencement of any such action shall relieve such indemnifying party of liability to the indemnified party under this Section 2.9 to the extent the indemnifying party is prejudiced as a result thereof, but the omission so to deliver written
notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this Section 2.9. 

  
 13 

 (d) Defect Eliminated in Final Prospectus. The foregoing indemnity agreements of the
Company and the Investors are subject to the condition that, insofar as they relate to any untrue statement, alleged untrue statement, omission or alleged omission made in a preliminary prospectus or free writing prospectus on file with the
Commission at the time the registration statement becomes effective, such indemnity agreement shall not inure to the benefit of any Person if an amended prospectus is filed with the Commission and delivered pursuant to the Securities Act at or prior
to the time of sale (including, without limitation, a contract of sale, and as further contemplated by Rule 159 promulgated under the Securities Act) to the Person asserting the loss, liability, claim or damage. 

(e) Contribution. In order to provide for just and equitable contribution to joint liability under the Securities Act in any case in
which either (i) an Investor exercising rights under this Agreement, or any controlling Person of any Investor, makes a claim for indemnification pursuant to this Section 2.9 but it is judicially determined (by the entry of a final
judgment or decree by a court of competent jurisdiction and the expiration of time to appeal or the denial of the last right of appeal) that such indemnification may not be enforced in such case notwithstanding the fact that this Section 2.9
provides for indemnification in such case, or (ii) contribution under the Securities Act may be required on the part of any Investor or any such controlling Person in circumstances for which indemnification is provided under this
Section 2.9; then, and in each such case, the Company and the Investors will contribute to the aggregate losses, claims, damages or liabilities to which they may be subject (after contribution from others) in such proportion so that each
Investor is responsible for the portion represented by the percentage that the public offering price of its Registrable Securities offered by and sold under the registration statement bears to the public offering price of all securities offered by
and sold under such registration statement, and the Company and any other selling Shareholders are responsible for the remaining portion; provided, however, that, in any such case: (A) no Investor will be required to
contribute any amount in excess of the net proceeds received by such Investor from the public offering price of all such Registrable Securities offered and sold by such Investor pursuant to such registration statement; and (B) no Person guilty
of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. 

(f) Survival. The obligations of the Company and the Investors under this Section 2.9 shall survive until the fifth (5th)
anniversary of the completion of any offering of Registrable Securities pursuant to a registration statement, regardless of the expiration of any statutes of limitation or extensions of such statutes. 

Section 2.10 Rule 144 Reporting. 

With a view to making available to the Investors the benefits of certain rules and regulations of the Commission which may permit the sale
of the Restricted Securities to the public without registration, the Company agrees to use its commercially reasonable efforts to: 
 (a)
Make and keep public information available, as those terms are understood and defined in Rule 144 or any similar or analogous rule promulgated under the Securities Act, at all times after the effective date of the first registration filed
by the Company for an offering of its securities to the general public; 

  
 14 

 (b) File with the Commission, in a timely manner, all reports and other documents required
of the Company under the Securities Act or the Exchange Act, at all times after the effective date of the first registration under the Securities Act filed by the Company; and 

(c) So long as an Investor owns any Restricted Securities, furnish to such Investor forthwith upon request, (i) a written statement by
the Company as to its compliance with the reporting requirements of said Rule 144, and of the Exchange Act (at any time after it has become subject to such reporting requirements), (ii) a copy of the most recent annual, interim, quarterly
or other report of the Company, and (iii) such other reports and documents as such Investor may reasonably request in availing itself of any rule or regulation of the Commission allowing it to sell any such securities without registration.

 ARTICLE III 

GENERAL PROVISIONS 

Section 3.1 Confidentiality. Each party hereto hereby agrees that it will, and will cause its respective
Affiliates and its and their respective representatives to, hold in strict confidence any non-public records, books, contracts, instruments, computer data and other data and information concerning the other
parties hereto, whether in written, verbal, graphic, electronic or any other form provided by any party hereto (except to the extent that such information has been (a) previously known by such party on a
non-confidential basis from a source other than the other parties hereto or its representatives, provided that, to such party’s knowledge, such source is not prohibited from disclosing such information to
such party or its representatives by a contractual, legal or fiduciary obligation to the other parties hereto or its representatives, (b) in the public domain through no breach of this Agreement by such party, (c) independently developed
by such party or on its behalf, or (d) later lawfully acquired from other sources) (the “Confidential Information”). In the event that a party hereto is requested or required by law, governmental authority, rules of stock
exchanges, or other applicable judicial or governmental order to disclose any Confidential Information concerning any of the other parties hereto, such party shall, to the extent legally permissible, notify the other party prior to making any such
disclosure by providing the other party with the text of the disclosure requirement and draft disclosure at least 24 hours prior to making any such disclosure, and, if requested by another party, assist such other party to limit or minimize such
disclosure. 
 Section 3.2 Termination. Unless expressly provided otherwise herein, in addition to the other
termination provisions in this Agreement, this Agreement shall terminate, and have no further force and effect, upon the earliest of: (a) a written agreement to that effect, signed by all parties hereto, and (b) the date following the
Closing on which the Investors no longer hold any shares of the Common Stock of the Company; provided that, notwithstanding the foregoing, Article II shall survive any termination of this Agreement until the specific provisions thereof
terminate in accordance with their express terms. 
 Section 3.3 Notices. All notices, requests and other
communications to any party hereunder shall be in writing (including facsimile transmission and electronic mail transmission (“Email”), so long as a receipt of such Email is requested and received) and shall be given: 

  
 15 

 If to the Company: 

Athenex, Inc. 
 Conventus Building

 1001 Main Street, Suite 600 

Buffalo, NY 14203 
 Attn: Teresa
Bair, Vice President, Legal Affairs & Corporate Development 
 Email: tbair@athenex.com 

Facsimile: 716-800-6818 

with a copy to: 
 Harter Secrest & Emery
LLP 
 1600 Bausch & Lomb Place 

Rochester, New York 14604 
 Attn:
Alexander R. McClean 
 Facsimile: 585-232-6500 

E-mail: amcclean@hselaw.com 

If to any Investor, to its address set forth on Schedule 3.3. 

A party may change or supplement the addresses given above, or designate additional addresses, for the purposes of this Section 3.3 by
giving the other parties written notice of the new address in the manner set forth above. 
 Section 3.4 Entire
Agreement. This Agreement and the other Transaction Documents, together with all the schedules and exhibits hereto and thereto and the certificates and other written instruments delivered in connection therewith from time to time on and
following the date hereof, constitute and contain the entire agreement and understanding of the parties with respect to the subject matter hereof and thereof, and supersedes any and all prior negotiations, correspondence, agreements, understandings,
duties or obligations between the parties respecting the subject matter hereof and thereof. Each party expressly represents and warrants that it is not relying on any oral or written representations, warranties, covenants or agreements outside of
this Agreement and the other Transaction Documents. 
 Section 3.5 Governing Law. This Agreement shall be
governed by and construed in accordance with the law of the State of New York, without regard to conflict of law principles. 

Section 3.6 Dispute Resolution. Each of the parties hereto irrevocably submits to the exclusive jurisdiction of the
courts of the State of New York located in New York County and the United States District Court for the Southern District of New York for the purpose of any suit, action, proceeding or judgment relating to or arising out of this Agreement and the
transactions contemplated hereby. Service of process in connection with any such suit, action or proceeding may be served on each party hereto anywhere in the world by the same methods as are specified for the giving of notices under this Agreement.
Each of the parties hereto irrevocably consents to the jurisdiction of any such court in any such suit, action or proceeding and to the laying of venue in such court. Each party hereto irrevocably waives any

  
 16 

 
objection to the laying of venue of any such suit, action or proceeding brought in such courts and irrevocably waives any claim that any such suit, action or proceeding brought in any such court
has been brought in an inconvenient forum. To the extent that the Company has or hereafter may acquire any immunity (on the grounds of sovereignty or otherwise) from the jurisdiction of any court or from any legal process with respect to itself or
its property, the Company irrevocably waives, to the fullest extent permitted by law, such immunity in respect of any such suit, action or proceeding. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY
LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 Section 3.7
Severability. If any provision of this Agreement is found to be invalid or unenforceable, then such provision shall be construed, to the extent feasible, so as to render the provision enforceable and to provide for the consummation of the
transactions contemplated hereby on substantially the same terms as originally set forth herein, and if no feasible interpretation would save such provision, it shall be severed from the remainder of this Agreement, which shall remain in full force
and effect unless the severed provision is essential to the rights or benefits intended by the parties. In such event, the parties shall use commercially reasonable efforts to negotiate, in good faith, a substitute, valid and enforceable provision
or agreement, which most nearly effects the parties’ intent in entering into this Agreement. 
 Section 3.8
Assignments and Transfers; No Third Party Beneficiaries. Except as otherwise provided herein, this Agreement and the rights and obligations of the Company and the Investors hereunder shall inure to the benefit of, and be binding upon, their
respective successors and permitted assigns and legal representatives, but shall not otherwise be for the benefit of any third party. Notwithstanding anything to the contrary, without the prior written consent of the Company, no Investor may assign
any of its rights under this Agreement except to an Affiliate of such Investor (a “Permitted Transferee”), provided, however, that no Permitted Transferee or any other person may be assigned any of the foregoing rights
unless the Company is given written notice by the assigning party stating the name and address of the assignee and identifying the securities of the Company as to which the rights in question are being assigned; and any such transferee shall execute
and deliver to the Company and such Investor a Deed of Adherence (in the same form and substance as set out in Exhibit B hereto), subject to the terms and conditions hereof. 

Section 3.9 Construction. Each of the parties has participated in the drafting and negotiation of this Agreement.
If an ambiguity or question of intent or interpretation arises, this Agreement must be construed as if it is drafted by all the parties and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of authorship of
any of the provisions of this Agreement. 
 Section 3.10 Counterparts. This Agreement may be executed in two or
more identical counterparts, all of which shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other parties. A facsimile or “PDF” signature shall
be considered due execution and shall be binding upon the signatory thereto with the same force and effect as if the signature were an original. 

  
 17 

 Section 3.11 Aggregation of Shares. All Securities held or
acquired by an Investor and/or its Permitted Transferees shall be aggregated together for the purpose of determining the availability of any rights of such Investor under this Agreement. 

Section 3.12 Specific Performance. The parties hereto acknowledge and agree irreparable harm may occur for which
money damages would not be an adequate remedy in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that, in addition to any other
remedies at law or in equity, the parties to this Agreement shall be entitled to injunction to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement without posting any bond or other undertaking.

 Section 3.13 Amendment; Waiver. This Agreement may be amended, modified or supplemented only by a written
instrument duly executed by all the parties hereto. The observance of any provision in this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively) only by the written consent of the party
against whom such waiver is to be effective. Any amendment or waiver effected in accordance with this Section 3.13 shall be binding upon the parties hereof and their respective assigns. It is agreed that no delay or omission to exercise any
right, power or remedy accruing to any party, upon any breach, default or noncompliance by another party under this Agreement, shall impair any such right, power or remedy, nor shall it be construed to be a waiver of any such breach, default or
noncompliance, or any acquiescence therein, or of or in any similar breach, default or noncompliance thereafter occurring. 

Section 3.14 Public Announcements. Without limiting any other provision of this Agreement, the parties hereto, to
the extent permitted by applicable law, will consult with each other before issuance, and provide each other the opportunity to review, comment upon and agree on any press release or public statement with respect to this Agreement, the other
Transaction Documents and the transactions contemplated hereby and thereby and the ongoing business relationship among the parties. The parties hereto will not issue any such press release or make any such public statement without the prior written
consent of the other party, except as may be required by law or any listing agreement with or requirement of the Nasdaq or any other applicable securities exchange, provided that the disclosing party shall, to the extent permitted by applicable law
or any listing agreement with or requirement of the Nasdaq or any other applicable securities exchange, and if reasonably practicable, inform the other parties about the disclosure to be made pursuant to such requirements prior to the disclosure.

 [Signature Pages Follow] 

  
 18 

 IN WITNESS WHEREOF, the parties have caused their respective duly authorized
representatives to execute this Agreement as of the date and year first above written. 
  

			
	ATHENEX, INC.
		
	By:	 	
                     
                                        

	Name:	 	  

	Title:	 	  

  
 19 

 IN WITNESS WHEREOF, the parties have caused their respective duly authorized
representatives to execute this Agreement as of the date and year first above written. 
  

			
	PERCEPTIVE LIFE SCIENCES MASTER FUND, LTD.
		
	By:	 	  

		 	Name:
		 	Title:
	
	VENBIO SELECT FUND LLC
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	 ORBIMED PARTNERS MASTER FUND LIMITED

By: OrbiMed Capital LLC, solely in its capacity
 as
Investment Advisor

		
	By:	 	  

		 	Name:
		 	Title:
	
	 THE BIOTECH GROWTH TRUST PLC

By: OrbiMed Capital LLC, solely in its capacity
 as
Portfolio Manager

		
	By:	 	  

		 	Name:
		 	Title:

  
 20 

 SCHEDULE 3.3 

ADDRESSES FOR NOTICES TO INVESTORS 
  

	(a)	 Notices to Perceptive Life Sciences Master Funds, Ltd.: 

Perceptive Life Sciences Master Funds, Ltd. 

51 Astor Place, 10th Floor 

New York, NY 10003 
 Attn: Adam
Stone 
 E-mail: Adam@perspectivelife.com 

with a copy (which shall not constitute notice) to: 

Tannenbaum Helpern Syracuse Hirschtritt LLP 

900 Third Avenue 
 New York, NY
10022 
 Attn: David R. Lallouz 

Facsimile: 646-390-7005 

Email: lallouz@thsh.com 
  

	(b)	 Notices to venBio Select Fund LLC: 

venBio Select Fund LLC 
 110
Greene Street 
 Suite 800 
 New
York, NY 10012 
 Attn: Scott Epstein, CFO and CCO 

E-mail: sepstein@venbioselect.com 

 

	(c)	 Notices to OrbiMed Partners Master Fund Limited or The Biotech Growth Trust PLC: 

c/o OrbiMed Capital LLC 
 601
Lexington Avenue, 54th Floor 
 New York, NY 10022 

Attn: Geoffrey C. Hsu 
 E-mail:HsuG@OrbiMed.com 
 with a copy (which shall not constitute notice) to: 

c/o OrbiMed Capital LLC 
 601
Lexington Avenue, 54th Floor 
 New York, NY 10022 

Attn: General Counsel 
 Email:
legal@OrbiMed.com 

 Exhibit A 

Plan of Distribution 
 The
selling stockholders, which as used herein includes donees, pledgees, transferees or other successors-in-interest selling shares of common stock or interests in shares
of common stock received after the date of this prospectus from a selling stockholder as a gift, pledge, partnership distribution or other transfer, may, from time to time, sell, transfer or otherwise dispose of any or all of their shares of common
stock or interests in shares of common stock on any stock exchange, market or trading facility on which the shares are traded or in private transactions. These dispositions may be at fixed prices, at prevailing market prices at the time of sale, at
prices related to the prevailing market price, at varying prices determined at the time of sale, or at negotiated prices. 
 The selling
stockholders may use any one or more of the following methods when disposing of shares or interests therein: 
  

	 	•	 	 ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;

  

	 	•	 	 block trades in which the broker-dealer will attempt to sell the shares as agent, but may position and resell a
portion of the block as principal to facilitate the transaction; 

  

	 	•	 	 purchases by a broker-dealer as principal and resale by the broker-dealer for its account; 

 

	 	•	 	 an exchange distribution in accordance with the rules of the applicable exchange; 

 

	 	•	 	 privately negotiated transactions; 

 

	 	•	 	 short sales effected after the date the registration statement of which this Prospectus is a part is declared
effective by the SEC; 

  

	 	•	 	 through the writing or settlement of options or other hedging transactions, whether through an options exchange
or otherwise; 

  

	 	•	 	 broker-dealers may agree with the selling stockholders to sell a specified number of such shares at a stipulated
price per share; 

  

	 	•	 	 a combination of any such methods of sale; and 

 

	 	•	 	 any other method permitted by applicable law. 

 The selling stockholders may, from time to time, pledge or grant a security interest in some
or all of the shares of common stock owned by them and, if they default in the performance of their secured obligations, the pledgees or secured parties may offer and sell the shares of common stock, from time to time, under this prospectus, or
under an amendment to this prospectus under Rule 424(b)(3) or other applicable provision of the Securities Act amending the list of selling stockholders to include the pledgee, transferee or other successors in interest as selling stockholders under
this prospectus. The selling stockholders also may transfer the shares of common stock in other circumstances, in which case the transferees, pledgees or other successors in interest will be the selling beneficial owners for purposes of this
prospectus. 
 In connection with the sale of our common stock or interests therein, the selling stockholders may enter into hedging
transactions with broker-dealers or other financial institutions, which may in turn engage in short sales of the common stock in the course of hedging the positions they assume. The selling stockholders may also sell shares of our common stock short
and deliver these securities to close out their short positions, or loan or pledge the common stock to broker-dealers that in turn may sell these securities. The selling stockholders may also enter into option or other transactions with
broker-dealers or other financial institutions or the creation of one or more derivative securities which require the delivery to such broker-dealer or other financial institution of shares offered by this prospectus, which shares such broker-dealer
or other financial institution may resell pursuant to this prospectus (as supplemented or amended to reflect such transaction). 
 The
aggregate proceeds to the selling stockholders from the sale of the common stock offered by them will be the purchase price of the common stock less discounts or commissions, if any. Each of the selling stockholders reserves the right to accept and,
together with their agents from time to time, to reject, in whole or in part, any proposed purchase of common stock to be made directly or through agents. We will not receive any of the proceeds from this offering. Upon any exercise of the warrants
by payment of cash, however, we will receive the exercise price of the warrants. 
 The selling stockholders also may resell all or a
portion of the shares in open market transactions in reliance upon Rule 144 under the Securities Act of 1933, provided that they meet the criteria and conform to the requirements of that rule. 

The selling stockholders and any underwriters, broker-dealers or agents that participate in the sale of the common stock or interests therein
may be “underwriters” within the meaning of Section 2(11) of the Securities Act. Any discounts, commissions, concessions or profit they earn on any resale of the shares may be underwriting discounts and commissions under the
Securities Act. Selling stockholders who are “underwriters” within the meaning of Section 2(11) of the Securities Act will be subject to the prospectus delivery requirements of the Securities Act. 

To the extent required, the shares of our common stock to be sold, the names of the selling stockholders, the respective purchase prices and
public offering prices, the names of any agents, dealer or underwriter, any applicable commissions or discounts with respect to a particular offer will be set forth in an accompanying prospectus supplement or, if appropriate, a post-effective
amendment to the registration statement that includes this prospectus. 

  
 2 

 In order to comply with the securities laws of some states, if applicable, the common stock
may be sold in these jurisdictions only through registered or licensed brokers or dealers. In addition, in some states the common stock may not be sold unless it has been registered or qualified for sale or an exemption from registration or
qualification requirements is available and is complied with. 
 We have advised the selling stockholders that the anti-manipulation rules
of Regulation M under the Exchange Act may apply to sales of shares in the market and to the activities of the selling stockholders and their affiliates. In addition, to the extent applicable we will make copies of this prospectus (as it may be
supplemented or amended from time to time) available to the selling stockholders for the purpose of satisfying the prospectus delivery requirements of the Securities Act. The selling stockholders may indemnify any broker-dealer that participates in
transactions involving the sale of the shares against certain liabilities, including liabilities arising under the Securities Act. 
 We
have agreed to indemnify the selling stockholders against liabilities, including liabilities under the Securities Act and state securities laws, relating to the registration of the shares offered by this prospectus. 

We have agreed with the selling stockholders to keep the registration statement of which this prospectus constitutes a part effective until
the earlier of (1) such time as all of the shares covered by this prospectus have been disposed of pursuant to and in accordance with the registration statement or (2) the date on which all of the shares may be sold without restriction
pursuant to Rule 144 of the Securities Act. 

  
 3 

 EXHIBIT B 

FORM OF DEED OF ADHERENCE 
 THIS
DEED is made the      day of                  20[ ] by [ ] of [ ] (the “Permitted Transferee”) and is supplemental to the
Registration Rights Agreement dated [•], 2019 made among Athenex, Inc. (the “Company”), and certain Investors (such agreement as amended, restated or supplemented from time to time, the “Registration Rights
Agreement”). 
 WITNESSETH as follows: 

The Permitted Transferee confirms that it has been provided with a copy of the Registration Rights Agreement and all amendments, restatements and supplements
thereto and hereby covenants with each of the parties to the Registration Rights Agreement from time to time to observe, perform and be bound by all the terms and conditions of the Registration Rights Agreement which are capable of applying to
the Permitted Transferee to the intent and effect that the Permitted Transferee shall be deemed as and with effect from the date hereof to be a party to the Registration Rights Agreement and to be subject to the obligations thereof. 

The address and facsimile number at which notices are to be served on the Permitted Transferee under the Registration Rights Agreement and the person for
whose attention notices are to be addressed are as follows: 
 [to insert contact details] 

Words and expressions defined in the Registration Rights Agreement shall have the same meaning in this Deed. This Deed shall be governed by and construed
in accordance with the laws of the State of New York. 
 This Deed shall take effect as a deed poll for the benefit of the Company, the Investors (as
defined in the Registration Rights Agreement), and any other parties to the Registration Rights Agreement. 
 IN WITNESS whereof the Permitted
Transferee has executed this Deed the day and year first above written. 
 THE COMMON SEAL of [ ]. 

was hereunto affixed                 ) 

in the presence of:                     ) 

 

	
	  

	(Director)
	  

	(Director/Secretary)EX-4.1

 Exhibit 4.1 
  

 
  

DEAL CUSIP NUMBER: 65566EAC2 

REVOLVER CUSIP NUMBER: 65566EAD0 

THIRD AMENDED AND RESTATED CREDIT AGREEMENT 

among 
 NORDSON
CORPORATION, 
 and other entities named herein, 

as Borrowers, 

THE FINANCIAL INSTITUTIONS NAMED HEREIN, 

as Banks, 

KEYBANK NATIONAL ASSOCIATION, 

as Joint Lead Arranger, Joint Bookrunner and 

Administrative Agent, 

J.P. MORGAN SECURITIES LLC, WELLS FARGO SECURITIES, LLC AND MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 

as Joint Lead Arranger and Joint Bookrunner, 

JPMORGAN CHASE BANK, N.A., 

as Co-Syndication Agent, 

PNC BANK, NATIONAL ASSOCIATION, 

as Joint Lead Arranger, Joint Bookrunner and Co-Syndication
Agent, 
 CITIZENS BANK, NATIONAL ASSOCIATION, 

as Joint Lead Arranger, Joint Bookrunner and Co-Documentation Agent, 

WELLS FARGO BANK, NATIONAL ASSOCIATION AND BANK OF AMERICA, N.A., 

as Co-Documentation Agent 

MUFG BANK, LTD., HSBC BANK USA, N.A. AND U.S. BANK NATIONAL ASSOCIATION, 

as Senior Managing Agent, 

and 
 BRANCH
BANKING AND TRUST COMPANY, COMMERZBANK AG AND TD BANK, N.A., 
 as Managing Agent 

dated as of 

April 30, 2019 
  

 
  

 TABLE OF CONTENTS 

 

							
	 ARTICLE I.
	 	DEFINITIONS	  	 	1	 
			
	 Section 1.01
	 	 Definitions
	  	 	1	 
	 Section 1.02
	 	 Accounting and Legal Principles, Terms and Determinations
	  	 	24	 
	 Section 1.03
	 	 Terms Generally
	  	 	24	 
			
	 ARTICLE II.
	 	AMOUNT AND TERMS OF CREDIT	  	 	25	 
			
	 Section 2.01
	 	 Amount and Nature of Credit
	  	 	25	 
	 Section 2.02
	 	 Conditions To Loans
	  	 	28	 
	 Section 2.03
	 	 Addition or Release of Foreign Borrowers
	  	 	29	 
	 Section 2.04
	 	 Payments, Etc
	  	 	30	 
	 Section 2.05
	 	 Prepayment
	  	 	31	 
	 Section 2.06
	 	 Facility and Other Fees
	  	 	32	 
	 Section 2.07
	 	 Reduction and Increases of Commitment
	  	 	33	 
	 Section 2.08
	 	 Computation of Interest and Fees; Default Rate
	  	 	34	 
	 Section 2.09
	 	 Mandatory Payment
	  	 	35	 
	 Section 2.10
	 	 Defaulting Bank
	  	 	35	 
			
	 ARTICLE III.
	 	INCREASED CAPITAL; TAXES, ETC	  	 	37	 
			
	 Section 3.01
	 	 Increased Costs
	  	 	37	 
	 Section 3.02
	 	 Tax Law, Etc
	  	 	39	 
	 Section 3.03
	 	 Eurodollar or Alternate Currency Deposits Unavailable or Interest Rate Unascertainable
	  	 	42	 
	 Section 3.04
	 	 Indemnity
	  	 	44	 
	 Section 3.05
	 	 Changes in Law Rendering Fixed Rate Loans Unlawful
	  	 	44	 
	 Section 3.06
	 	 Funding
	  	 	44	 
	 Section 3.07
	 	 Capital Adequacy and Liquidity
	  	 	45	 
	 Section 3.08
	 	 Application of Provisions
	  	 	45	 
	 Section 3.09
	 	 Replacement of Banks
	  	 	45	 
			
	 ARTICLE IV.
	 	CONDITIONS PRECEDENT	  	 	46	 
			
	 Section 4.01
	 	 Loan Documents
	  	 	46	 
	 Section 4.02
	 	 Officer’s Certificate, Resolutions, Organizational Documents
	  	 	46	 
	 Section 4.03
	 	 Legal Opinion
	  	 	46	 

							
	 Section 4.04
	 	 Good Standing Certificate
	  	 	46	 
	 Section 4.05
	 	 Agent Fee Letter; Legal Fees
	  	 	47	 
	 Section 4.06
	 	 Closing Certificate
	  	 	47	 
	 Section 4.07
	 	 Certificate of Beneficial Ownership
	  	 	47	 
	 Section 4.08
	 	 Miscellaneous
	  	 	47	 
			
	 ARTICLE V.
	 	COVENANTS	  	 	47	 
			
	 Section 5.01
	 	 Financial Statements
	  	 	47	 
	 Section 5.02
	 	 Franchises
	  	 	48	 
	 Section 5.03
	 	 ERISA Compliance
	  	 	49	 
	 Section 5.04
	 	 Financial Covenants
	  	 	49	 
	 Section 5.05
	 	 Priority Indebtedness
	  	 	49	 
	 Section 5.06
	 	 Liens
	  	 	49	 
	 Section 5.07
	 	 Merger and Sale of Assets
	  	 	50	 
	 Section 5.08
	 	 Regulations U and X
	  	 	51	 
	 Section 5.09
	 	 Notice
	  	 	51	 
	 Section 5.10
	 	 Use of Proceeds
	  	 	51	 
	 Section 5.11
	 	 Guaranties of Payment; Guaranty Under Material Indebtedness Agreement
	  	 	51	 
	 Section 5.12
	 	 Pari Passu Ranking
	  	 	51	 
	 Section 5.13
	 	 Terrorism Sanctions Regulations and Compliance with Laws
	  	 	52	 
	 Section 5.14
	 	 Beneficial Ownership
	  	 	52	 
			
	 ARTICLE VI.
	 	REPRESENTATIONS AND WARRANTIES	  	 	52	 
			
	 Section 6.01
	 	 Organization; Subsidiary Preferred Equity
	  	 	52	 
	 Section 6.02
	 	 Power and Authority
	  	 	53	 
	 Section 6.03
	 	 Compliance with Laws
	  	 	53	 
	 Section 6.04
	 	 Litigation and Administrative Proceedings
	  	 	53	 
	 Section 6.05
	 	 Tax Returns
	  	 	53	 
	 Section 6.06
	 	 Employee Benefit Plans
	  	 	54	 
	 Section 6.07
	 	 Solvency
	  	 	54	 
	 Section 6.08
	 	 Financial Statements
	  	 	54	 
	 Section 6.09
	 	 Regulations
	  	 	54	 
	 Section 6.10
	 	 Investment Company; Holding Company
	  	 	55	 
	 Section 6.11
	 	 Accurate and Complete Statements
	  	 	55	 

							
	 Section 6.12
	 	 Defaults
	  	 	55	 
	 Section 6.13
	 	 Anti-Terrorism Law and Anti-Corruption Law Compliance
	  	 	55	 
	 Section 6.14
	 	 EEA Financial Institutions.
	  	 	55	 
	 Section 6.15
	 	 Pari Passu Ranking.
	  	 	55	 
	 Section 6.16
	 	 Beneficial Ownership Certification
	  	 	55	 
			
	 ARTICLE VII.
	 	EVENTS OF DEFAULT	  	 	56	 
			
	 Section 7.01
	 	 Payments
	  	 	56	 
	 Section 7.02
	 	 Special Covenants
	  	 	56	 
	 Section 7.03
	 	 Other Covenants
	  	 	56	 
	 Section 7.04
	 	 Representations and Warranties
	  	 	56	 
	 Section 7.05
	 	 Cross Default
	  	 	56	 
	 Section 7.06
	 	 ERISA Default
	  	 	56	 
	 Section 7.07
	 	 Change Of Control
	  	 	56	 
	 Section 7.08
	 	 Money Judgment
	  	 	56	 
	 Section 7.09
	 	 Validity of Loan Documents
	  	 	57	 
	 Section 7.10
	 	 Insolvency
	  	 	57	 
			
	 ARTICLE VIII.
	 	REMEDIES UPON DEFAULT	  	 	57	 
			
	 Section 8.01
	 	 Optional Defaults
	  	 	57	 
	 Section 8.02
	 	 Automatic Defaults
	  	 	58	 
	 Section 8.03
	 	 Offsets
	  	 	58	 
	 Section 8.04
	 	 Equalization Provision
	  	 	58	 
			
	 ARTICLE IX.
	 	THE AGENT	  	 	59	 
			
	 Section 9.01
	 	 Appointment and Authorization
	  	 	59	 
	 Section 9.02
	 	 Note Holders
	  	 	59	 
	 Section 9.03
	 	 Consultation With Counsel
	  	 	59	 
	 Section 9.04
	 	 Documents
	  	 	59	 
	 Section 9.05
	 	 Agent and Affiliates
	  	 	59	 
	 Section 9.06
	 	 Knowledge of Default
	  	 	59	 
	 Section 9.07
	 	 Action By Agent
	  	 	60	 
	 Section 9.08
	 	 Notices, Default, Etc
	  	 	60	 
	 Section 9.09
	 	 Indemnification of Agent
	  	 	60	 
	 Section 9.10
	 	 Successor Agent
	  	 	60	 
	 Section 9.11
	 	 No Reliance on Agent’s Customer Identification Program
	  	 	61	 

							
	 Section 9.12
	 	 USA Patriot Act
	  	 	61	 
	 Section 9.13
	 	 Other Agents
	  	 	61	 
	 Section 9.14
	 	 Certain ERISA Matters
	  	 	61	 
			
	 ARTICLE X.
	 	MISCELLANEOUS	  	 	63	 
			
	 Section 10.01
	 	 Banks’ Independent Investigation
	  	 	63	 
	 Section 10.02
	 	 No Waiver; Cumulative Remedies
	  	 	63	 
	 Section 10.03
	 	 Amendments; Consents
	  	 	64	 
	 Section 10.04
	 	 Notices
	  	 	64	 
	 Section 10.05
	 	 Costs, Expenses and Taxes
	  	 	64	 
	 Section 10.06
	 	 Indemnification
	  	 	65	 
	 Section 10.07
	 	 Obligations Several; No Fiduciary Obligations
	  	 	65	 
	 Section 10.08
	 	 Execution In Counterparts
	  	 	65	 
	 Section 10.09
	 	 Binding Effect; Borrowers’ Assignment
	  	 	66	 
	 Section 10.10
	 	 Assignments
	  	 	66	 
	 Section 10.11
	 	 Participations
	  	 	68	 
	 Section 10.12
	 	 Severability Of Provisions; Captions; Attachments
	  	 	69	 
	 Section 10.13
	 	 Investment Purpose
	  	 	69	 
	 Section 10.14
	 	 Entire Agreement
	  	 	69	 
	 Section 10.15
	 	 Governing Law; Submission to Jurisdiction
	  	 	69	 
	 Section 10.16
	 	 Legal Representation of Parties
	  	 	70	 
	 Section 10.17
	 	 Judgment Currency
	  	 	70	 
	 Section 10.18
	 	 Treatment of Certain Information; Confidentiality
	  	 	70	 
	 Section 10.19
	 	 JURY TRIAL WAIVER
	  	 	71	 
	 Section 10.20
	 	 Acknowledgement and Consent to Bail-In of EEA Financial
Institutions
	  	 	71	 
	 Section 10.21
	 	 Amendment and Restatement
	  	 	72	 

 This THIRD AMENDED AND RESTATED CREDIT AGREEMENT (as the same may from time to time be
amended, restated or otherwise modified, this “Agreement”) is made effective as of April 30, 2019, among the following: 

(i) NORDSON CORPORATION, an Ohio corporation (“Nordson”, together with each Foreign Borrower, as hereinafter defined,
collectively, “Borrowers” and individually, each a “Borrower”); 
 (ii) the financial institutions from
time to time a party hereto (including any such institution that becomes a party hereto pursuant to Section 10.10 hereof, collectively, the “Banks”, and individually each a “Bank”); and 

(iii) KEYBANK NATIONAL ASSOCIATION, as Joint Lead Arranger, Joint Bookrunner and Administrative Agent for the Banks under this
Agreement (in such capacity as Administrative Agent, “Agent”). 
 WITNESSETH: 

WHEREAS, Borrowers and the Banks desire to contract for the establishment of credits in the aggregate principal amounts hereinafter set forth,
to be made available to Borrowers upon the terms and subject to the conditions hereinafter set forth; and 
 WHEREAS, Borrowers, the Banks
and Agent desire to amend and restate in its entirety that certain Second Amended and Restated Credit Agreement dated as of February 20, 2015 (the “Existing Credit Agreement”). 

NOW, THEREFORE, it is mutually agreed as follows: 

ARTICLE I. 
 DEFINITIONS 

Section 1.01    Definitions. As used in this Agreement, the following terms shall have the following meanings:

 “Acquisition” shall mean any transaction or series of related transactions for the purpose of or resulting, directly or
indirectly, in (a) the acquisition of all or substantially all of the assets of any Person, or any business or division of any Person, (b) the acquisition of in excess of fifty percent (50%) of the stock (or other equity interest) of any
Person, or (c) the acquisition of another Person (other than Nordson or a Subsidiary) by a merger or consolidation or any other combination with such Person. 

“Adjusted LIBOR Rate” shall mean a rate per annum equal to the quotient obtained (rounded upwards, if necessary, to the nearest
1/100th of 1%) by dividing (a) the applicable LIBOR Rate by (b) 1.00 minus the Reserve Percentage. 

 “Advantage” shall mean any payment (whether made voluntarily or involuntarily, by
offset of any deposit or other indebtedness or otherwise) received by any Bank in respect of the Debt, if such payment results in that Bank having less than its pro rata share of the Debt then outstanding, than was the case immediately before such
payment. 
 “Affiliate” shall mean with respect to any specified Person, any other Person that, directly or indirectly,
controls, is controlled by, or is under common control with such specified Person, and “control” (including the correlative meanings, the terms “controlling”, “controlled by” and “under common control with”)
shall mean the possession, directly or indirectly of, the power to direct or cause the direction of the management and policies of such specified Person, whether through the ownership of voting securities, by contract or otherwise. 

“Agent Fee Letter” shall mean the Agent Fee Letter, dated as of April 30, 2019, between Nordson and Agent. 

“Agreement” shall have the meaning provided in the first paragraph hereof. 

“Alternate Currency” shall mean Euros, Pounds Sterling, Japanese Yen or any other currency, other than Dollars, agreed to by Agent
in consultation with the Banks that is freely transferable and convertible into Dollars. 
 “Alternate Currency Loan” shall mean a
Loan that is denominated in an Alternate Currency on which Borrowers shall pay interest at a rate based on the Adjusted LIBOR Rate. 

“Anti-Corruption Laws” shall mean all laws, rules, and regulations of any jurisdiction applicable to the Borrower or any of its
Subsidiaries from time to time concerning or relating to bribery or corruption. 
 “Anti-Terrorism Law” shall mean any laws
relating to terrorism or money laundering, including Executive Order No. 13224, the USA Patriot Act, the laws comprising or implementing the Bank Secrecy Act, the laws administered by the United States Treasury Department’s Office of
Foreign Asset Control (as any of the foregoing laws may from time to time be amended, renewed, extended, or replaced) and any other law pertaining to the prevention of future acts of terrorism, in each case as such law may be amended from time to
time. 
 “Applicable Facility Fee Rate” shall mean: 

(a)    for the period from the Closing Date until the first adjustment date pursuant to clause
(b) hereafter, 9.00 basis points; and 
 (b)    commencing with the financial statements for FQE
April 30, 2019, the number of basis points set forth in the following matrix, based upon the result of the computation of the Leverage Ratio, shall be used to establish the number of basis points that will go into effect on July 1, 2019

  
 2 

 and thereafter: 

 

			
	 Leverage Ratio
	  	Facility Fee Rate
	 Greater than 3.25 to 1.00
	  	15.50 basis points
	 Greater than 2.75 to 1.00, but less than or equal to 3.25 to 1.00
	  	12.50 basis points
	 Greater than 2.25 to 1.00, but less than or equal to 2.75 to 1.00
	  	10.00 basis points
	 Greater than 1.75 to 1.00, but less than or equal to 2.25 to 1.00
	  	9.00 basis points
	 Greater than 1.25 to 1.00, but less than or equal to 1.75 to 1.00
	  	8.00 basis points
	 Less than or equal to 1.25 to 1.00
	  	7.00 basis points

 Changes to the Applicable Facility Fee Rate shall be effective on the first day of the month following the
date upon which Agent received, or, if earlier, should have received, pursuant to Section 5.01 (a) and (b) hereof, the financial statements of the Companies. The above matrix does not modify or waive, in any respect, the requirements of
Section 5.04 hereof, the rights of Agent and the Banks to charge the Default Rate, or the rights and remedies of Agent and the Banks pursuant to Articles VII and VIII hereof. 

“Applicable Margin” shall mean: 

(a)    for the period from the Closing Date until the first adjustment date pursuant to clause
(b) hereafter, 78.5 basis points for Eurodollar Loans; and 
 (b)    commencing with the financial
statements for FQE April 30, 2019, the number of basis points set forth in the following matrix, based upon the result of the computation of the Leverage Ratio, shall be used to establish the number of basis points that will go into effect on
July 1, 2019 and thereafter: 
  

					
	 Leverage Ratio
	 	Eurodollar Margin	 	Base Rate Margin
	 Greater than 3.25 to 1.00
	 	122.00 basis points	 	22.00 basis points
	 Greater than 2.75 to 1.00, but less than or equal to 3.25 to 1.00
	 	100.00 basis points	 	0.00 basis points
	 Greater than 2.25 to 1.00, but less than or equal to 2.75to 1.00
	 	90.00 basis points	 	0.00 basis points
	 Greater than 1.75 to 1.00, but less than or equal to 2.25 to 1.00
	 	78.50 basis points	 	0.00 basis points
	 Greater than 1.25 to 1.00, but less than or equal to 1.75 to 1.00
	 	67.00 basis points	 	0.00 basis points
	 Less than or equal to 1.25 to 1.00
	 	58.00 basis points	 	0.00 basis points

  
 3 

 Changes to the Applicable Margin shall be effective on the first day of the month following the date upon
which Agent received, or, if earlier, Agent should have received, pursuant to Section 5.01 (a) and (b) hereof, the financial statements of the Companies. The above matrix does not modify or waive, in any respect, the requirements of
Section 5.04 hereof, the rights of Agent and the Banks to charge the Default Rate, or the rights and remedies of Agent and the Banks pursuant to Articles VII and VIII hereof. 

“Assignment Agreement” shall mean an Assignment and Assumption Agreement in the form of the attached Exhibit E. 

“Augmenting Bank” has the meaning provided in Section 2.07(b) hereof. 

“Authorized Officer” shall mean (i) in the case of Nordson, its chief executive officer, its chief financial officer, its
treasurer, or any vice president of Nordson designated as an “Authorized Officer” of Nordson for the purpose of this Agreement in an Officer’s Certificate executed by Nordon’s chief executive officer or chief financial officer
and delivered to the Agent and (ii) in the case of the Agent or any Bank, any vice president, senior vice president or person holding an equivalent or greater title of the Agent or any Bank. Any action taken under this Agreement on behalf of
Nordson by any individual who on or after the date of this Agreement shall have been an Authorized Officer of Nordson and whom Agent or any Bank in good faith believes to be an Authorized Officer of Nordson at the time of such action shall be
binding on Nordson even though such individual shall have ceased to be an Authorized Officer of Nordson, and any action taken under this Agreement on behalf of the Agent or any Bank by any individual who on or after the date of this Agreement shall
have been an Authorized Officer of the Agent or such Bank and whom Nordson in good faith believes to be an Authorized Officer of the Agent or such Bank at the time of such action shall be binding on the Agent or such Bank even though such individual
shall have ceased to be an Authorized Officer of the Agent or such Bank. 
 “Bail-In
Action” shall mean the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation” shall mean, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule. 
 “Bank” has the meaning set forth in the first paragraph of this Agreement and, in the case of any Bank
who elects to make Loans to a Foreign Borrower through a branch or affiliate in accordance with Section 3.06 hereof, the term “Bank” shall include such branch or affiliate where appropriate. 

“Base Rate” shall mean a rate per annum equal to the greatest of (a) the Prime Rate,
(b) one-half of one percent (1⁄2%) in excess of the Federal Funds Effective Rate, and (iii) the then-applicable LIBOR Rate for one month interest periods, plus 1.00% per annum. Any change in the
Base Rate shall be effective immediately from and after such change in the Base Rate. 

  
 4 

 “Base Rate Loan” shall mean a Loan described in Section 2.01 hereof on which
Borrowers shall pay interest at a rate based on the Base Rate. 
 “Beneficial Owner” shall have the meaning set forth in 31 C.F.R.
§1010.230. 
 “Benefit Plan” shall mean any of (a) an “employee benefit plan” (as defined in ERISA) that is
subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or
Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 
 “Borrower” shall
have the meaning set forth in the first paragraph of this Agreement. 
 “Business Day” shall mean a day of the year on which banks
are not required or authorized to close in Cleveland, Ohio, and, if the applicable Business Day relates to any Eurodollar Loan, on which dealings are carried on in the London interbank eurodollar market, and, if the applicable Business Day relates
to any Alternate Currency Loan, on which commercial banks are open for international business (including the clearing of currency transfer in the relevant Alternate Currency) in the principal financial center of the home country of such Alternate
Currency. 
 “Cash Equivalent” shall mean any debt instrument that would be deemed a cash equivalent in accordance with GAAP. 

“Certificate of Beneficial Ownership” means, for each Borrower, a certificate in form and substance acceptable to the Agent (as
amended or modified by Agent from time to time in its sole discretion), certifying, among other things, the Beneficial Owner of such Borrower. 

“Change in Law” shall mean the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or
taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or
issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer
Protection Act and all requests, rules, guidelines or 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”, that is enacted, adopted or
issued after the date hereof. 
 “Change of Control” shall mean (a) the acquisition of, or, if earlier, the shareholder or
director approval of the acquisition of, ownership or voting control, directly or indirectly, beneficially or of record, on or after the Closing Date, by any Person or group (within the 

  
 5 

 
meaning of Rule 13d-3 of the Exchange Act) other than the Current Management Team, of shares representing more than fifty percent (50%) of the aggregate
ordinary Voting Power represented by the issued and outstanding capital stock of Nordson; (b) the occupation of a majority of the seats (other than vacant seats) on the board of directors of Nordson by persons who were neither
(i) nominated by the board of directors of Nordson nor (ii) appointed by directors so nominated; or (c) the occurrence of a change of control, or other similar provision, as defined in any Material Indebtedness Agreement. 

“CIP Regulations” shall mean the meaning provided in Section 9.11 hereof. 

“Closing Date” shall mean the effective date of this Agreement, which date is April 30, 2019. 

“Co-Documentation Agents” shall mean Wells Fargo Bank, National Association, Citizens Bank,
National Association and Bank of America, N.A. 
 “Co-Syndication Agents” shall mean
JPMorgan Chase Bank, N.A. and PNC Bank, National Association 
 “Code” shall mean the Internal Revenue Code of 1986, as amended,
together with the rules and regulations promulgated thereunder. 
 “Commitment” shall mean the obligation hereunder of the Banks
to make Revolving Loans during the Commitment Period pursuant to the Revolving Commitments up to the Total Commitment Amount. 

“Commitment Percentage” shall mean, at any time for any Bank, a percentage obtained by dividing such Bank’s Revolving
Commitment by the Total Commitment Amount. The Commitment Percentage for each Bank as of the Closing Date is set forth opposite such Bank’s name under the column headed “Commitment Percentage” as described in Schedule 1-A hereto. 
 “Commitment Period” shall mean the period from the Closing Date to
April 30, 2024, or such earlier date on which the Commitment shall have been terminated pursuant to Article VIII hereof. 

“Commodity Exchange Act” shall mean the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any
successor statute. 
 “Company” shall mean Nordson or a Subsidiary. 

“Companies” shall mean Nordson and all its Subsidiaries. 

“Compliance Certificate” shall mean a certificate, substantially in the form of the attached Exhibit D. 

“Connection Income Taxes” shall mean Other Connection Taxes that are imposed on or measured by net income (however denominated) or
that are franchise Taxes or branch profits Taxes. 

  
 6 

 “Consideration” shall mean, in connection with an Acquisition, the aggregate
consideration paid, including borrowed funds, cash, the issuance of securities or notes, the assumption or incurring of liabilities (direct or contingent), the payment, in excess of fair and reasonable amounts, of consulting fees or fees for a
covenant not to compete and any other consideration paid for the purchase. 
 “Consolidated” shall mean the resultant
consolidation of the financial statements of Nordson and its Subsidiaries in accordance with GAAP, including principles of consolidation consistent with those applied in preparation of the consolidated financial statements referred to in
Section 5.01(a) and (b) hereof. 
 “Consolidated Depreciation and Amortization Charges” shall mean, for any period, the
aggregate of all depreciation and amortization charges for fixed assets, leasehold improvements and general intangibles (specifically including goodwill) as well as impairments thereof and any losses traced to the
write-off of goodwill, fixed assets, leasehold improvements and general intangibles associated with the disposal or exiting of a business of Nordson or any of its Subsidiaries for such period, all as
determined on a Consolidated basis and in accordance with GAAP. 
 “Consolidated EBIT” shall mean, for any period, on a
Consolidated basis and in accordance with GAAP, Consolidated Net Earnings for such period plus the aggregate amounts deducted in determining such Consolidated Net Earnings in respect of (a) income taxes, (b) Consolidated Interest Expense,
and (c) any non-cash charges. 
 “Consolidated EBITDA” shall mean, for any period,
Consolidated EBIT plus Consolidated Depreciation and Amortization Charges. 
 “Consolidated Interest Expense” shall mean, for any
period, the interest expense of Nordson for such period, as determined on a Consolidated basis and in accordance with GAAP, and shall include that portion of the expenses of a Permitted Receivables Facility that would be the equivalent to interest
expense if a Borrower obtained funding in a manner that would give rise to interest expense, in an amount approximately equal to the amount of the Permitted Receivables Facility. 

“Consolidated Net Earnings” shall mean, for any period, the net income (loss) of Nordson for such period, as determined on a
Consolidated basis and in accordance with GAAP. 
 “Consolidated Total Assets” shall mean the book value of all assets of Nordson
and its Subsidiaries, as determined on a Consolidated basis and in accordance with GAAP, based upon the financial statements of Nordson for the most recently completed fiscal quarter. 

“Consolidated Trailing EBITDA” shall mean the sum of (a) Consolidated EBITDA, plus (b)(i) without duplication, the EBITDA of
Subsidiaries acquired by Nordson and its Subsidiaries during the most recently completed four (4) fiscal quarters to the extent that such EBITDA of Subsidiaries acquired is confirmed by audited financial or other information (which other
information need not be audited or auditable) satisfactory to the Agent minus (ii) the EBITDA of Subsidiaries disposed of by Nordson and its Subsidiaries during the most recently completed four (4) fiscal quarters. 

  
 7 

 “Consolidated Trailing Interest Expense” shall mean the sum of
(a) Consolidated Interest Expense, plus (b)(i) without duplication, the interest expense of Subsidiaries acquired by Nordson and its Subsidiaries during the most recently completed four (4) fiscal quarters to the extent that such interest
expense of such Subsidiaries acquired is confirmed by audited financial or other information (which other information need not be audited or auditable) satisfactory to the Agent, minus (ii) the interest expense of Subsidiaries disposed of by
Nordson and its Subsidiaries during the most recently completed four (4) fiscal quarters. 
 “Controlled Group” shall mean
Nordson and each Person required to be aggregated with Nordson under Code Sections 414(b), (c), (m) or (o). 
 “Current Management
Team” shall mean any group comprised of the chief executive officer, the chief operating officer, the chief financial officer and other senior management of Nordson (or any combination thereof) as in place on the Closing Date, and their
respective spouses and children (and/or trusts of which the only beneficiaries are such members of senior management and their respective spouses and children) or any “group” (within the meaning of Rule 13d under the Exchange Act) that
includes at least three (3) of such members of senior management, together with their “affiliates” and “associates” (within the meaning of Rule 12b-2 under the Exchange Act). 

“Debt” shall mean, collectively, all Indebtedness incurred by Borrowers to Agent and the Banks pursuant to this Agreement and
includes the principal amount of and interest (including any interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allocable in such proceeding) on all Loans
and each extension, renewal or refinancing thereof in whole or in part, the facility fees, other fees and any prepayment fees and other amounts payable hereunder; provided, however, that Debt shall not include any Excluded Swap Obligations. 

“Debtor Relief Laws” shall mean the Bankruptcy Code of the United States of America, and all other liquidation, conservatorship,
bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect. 

“Default” shall mean any of the events specified in Article VII, whether or not any requirement for such event to become an Event of
Default has been satisfied. 
 “Defaulting Bank” shall mean, subject to Section 2.10(b), any Bank that (a) has failed to
(i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Bank notifies the Agent and the Borrowers in writing that such failure is the result of such Bank’s
determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Agent, any
Swing Line Bank or any other Bank any other amount required to be paid by it hereunder (including in respect of its participation in Swing Loans) within two Business Days of the date 

  
 8 

 
when due, (b) has notified the Borrowers, the Agent or Swing Line Bank in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to
that effect(unless such writing or public statement relates to such Bank’s obligation to fund a Loan hereunder and states that such position is based on such Bank’s determination that a condition precedent to funding (which condition
precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied, (c) has failed, within three Business Days after written request by the Agent or the Borrowers, to
confirm in writing to the Agent and the Borrowers that it will comply with its prospective funding obligations hereunder (provided that such Bank shall cease to be a Defaulting Bank pursuant to this clause (c) upon receipt of such written
confirmation by the Agent and the Borrowers), (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, or (ii) had appointed for it a receiver, custodian,
conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal
regulatory authority acting in such a capacity or (e) has become the subject of a Bail-In Action; provided that a Bank shall not be a Defaulting Bank solely by virtue of the ownership or acquisition of
any equity interest in that Bank or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Bank with immunity from the jurisdiction of courts within the United
States or from the enforcement of judgments or writs of attachment on its assets or permit such Bank (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Bank. Any reasonable
determination by the Agent that a Bank is a Defaulting Bank under any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Bank shall be deemed to be a Defaulting Bank (subject to
Section 2.10(B)) upon delivery of written notice of such determination to the Borrower, each Swing Line Bank and each Bank. 

“Default Rate” shall mean, with respect to any Loan, a rate per annum equal to two percent (2%) in excess of the rate otherwise
applicable thereto, and, with respect to any other amount, if no rate is specified or available, then two percent (2%) in excess of the Base Rate. 

“Depreciation and Amortization Charges” shall mean, with respect to any Person for any period, in accordance with GAAP, the
aggregate of all such charges for fixed assets, leasehold improvements and general intangibles (specifically including goodwill) of such Person as well as impairments thereof and any losses traced to the
write-off of goodwill, fixed assets, leasehold improvements and general intangibles associated with the disposal or exiting of a business by such Person for such period. 

“Derived Base Rate” shall mean, with respect to a Base Loan, a rate per annum equal to the sum of (a) the Base Rate, plus
(b) the Base Rate Margin set forth in the definition of “Applicable Margin” (from time to time in effect). 
 “Derived
Fixed Rate” shall mean (a) with respect to a Eurodollar Loan, a rate per annum equal to the sum of the Eurodollar Margin set forth in the definition of “Applicable Margin” (from time to time in effect) plus the Adjusted LIBOR
Rate, or (b) with respect to an Alternate Currency Loan, a rate per annum equal to the sum of the Eurodollar Margin set forth in the definition of “Applicable Margin” (from time to time in effect) plus the Adjusted LIBOR Rate
applicable to the relevant Alternate Currency, plus if applicable, the Mandatory Cost (in the case of an Alternate Currency Loan which is lent from a lending office in the United Kingdom). 

  
 9 

 “Derived Swing Loan Rate” shall mean a rate per annum equal to
(a) Agent’s costs of funds as quoted to Nordson by Agent in a manner consistent with the methodology agreed to between the Agent and Nordson, with such quoted costs of funds to be subject to acceptance by Nordson, plus (b) the
Eurodollar Margin set forth in the definition of “Applicable Margin” (from time to time in effect). 
 “Dollar” and the
sign “$” shall mean lawful money of the United States of America. 
 “Dollar Equivalent” of (a) an Alternate
Currency Loan, shall mean the Dollar equivalent of the amount of such Alternate Currency Loan, determined by Agent on the basis of its spot rate at approximately 11:00 A.M. London time on the date two (2) Business Days before the date of such
Alternate Currency Loan, for the purchase of the relevant Alternate Currency with Dollars for delivery on the date of such Alternate Currency Loan, and (b) any other amount, shall mean the Dollar equivalent of such amount, determined by Agent
on the basis of its spot rate at approximately 11:00 A.M. London time on the date for which the Dollar equivalent amount of such amount is being determined, for the purchase of the relevant Alternate Currency with Dollars for delivery on such date;
provided, however, that, in calculating the Dollar Equivalent for purposes of determining (i) a Borrower’s obligation to prepay Loans pursuant to Section 2.09 hereof, or (ii) a Borrower’s ability to request additional Loans
pursuant to the Commitment, Agent may, in its discretion, on any Business Day (prior to payment in full of the Debt) selected by Agent, calculate the Dollar Equivalent of each such Loan. Agent shall notify Borrowers of the Dollar Equivalent of such
Alternate Currency Loan or any other amount at the time that Dollar Equivalent is determined. 
 “Domestic Company” shall mean
Nordson or a Domestic Subsidiary. 
 “Domestic Subsidiary” shall mean a Subsidiary that is not a Foreign Subsidiary. 

“EBITDA” shall mean for any period, all Net Earnings in accordance with GAAP for such period, plus the aggregate amounts deducted in
determining such Net Earnings in respect of (a) income taxes, (b) interest expense, and (c) Depreciation and Amortization Charges, in accordance with GAAP. 

“EEA Financial Institution” shall mean (a) any credit institution or investment firm established in any EEA Member Country
which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution
established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 

“EEA Member Country” shall mean any of the member states of the European Union, Iceland, Liechtenstein and Norway. 

  
 10 

 “EEA Resolution Authority” shall mean any public administrative authority or any
person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Environmental Laws” shall mean all provisions of law, statutes, ordinances, rules, regulations, permits, licenses, judgments,
writs, injunctions, decrees, orders, awards and standards promulgated by the government of the United States of America or any other applicable country or sovereignty or by any state or municipality thereof or by any court, agency, instrumentality,
regulatory authority or commission of any of the foregoing concerning health, safety and protection of, or regulation of the discharge of substances into, the environment. 

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations
promulgated pursuant thereto. 
 “ERISA Affiliate” shall mean any corporation which is a member of the same controlled group of
corporations as Borrower within the meaning of section 414(b) of the Code, or any trade or business which is under common control with Nordson within the meaning of section 414(c) of the Code. 

“ERISA Event” shall mean (a) the existence of a condition or event with respect to an ERISA Plan that presents a risk of the
imposition of an excise tax or any other liability on a Borrower or of the imposition of a Lien on the assets of Nordson or its Subsidiaries; (b) the engagement by a Controlled Group member in a
non-exempt “prohibited transaction” (as defined under ERISA Section 406 or Code Section 4975) or a breach of a fiduciary duty under ERISA that could result in liability to a Borrower;
(c) the application by a Controlled Group member for a waiver from the minimum funding requirements of Code Section 412 or ERISA Section 302 or a Controlled Group member is required to provide security under Code
Section 401(a)(29) or ERISA Section 307; (d) the occurrence of a Reportable Event with respect to any Pension Plan as to which notice is required to be provided to the PBGC; (e) the withdrawal by a Controlled Group member from a
Multiemployer Plan in a “complete withdrawal” or a “partial withdrawal” (as such terms are defined in ERISA Sections 4203 and 4205, respectively); (f) the involvement of, or occurrence or existence of any event or condition that
makes likely the involvement of, a Multiemployer Plan in any reorganization under ERISA Section 4241; (g) the failure of an ERISA Plan (and any related trust) that is intended to be qualified under Code Sections 401 and 501 to be so qualified
or the failure of any “cash or deferred arrangement” under any such ERISA Plan to meet the requirements of Code Section 401(k); (h) the taking by the PBGC of any steps to terminate a Pension Plan or appoint a trustee to administer a
Pension Plan, or the taking by a Controlled Group member of any steps to terminate a Pension Plan; (i) the failure by a Controlled Group member or an ERISA Plan to satisfy any requirements of law applicable to an ERISA Plan; (j) the
commencement, existence or threatening of a claim, action, suit, audit or investigation with respect to an ERISA Plan, other than a routine claim for benefits; or (k) any incurrence by or any expectation of the incurrence by a Controlled Group
member of any liability for post-retirement benefits under any Welfare Plan, other than as required by ERISA Section 601, et. seq. or Code Section 4980B, that, as to (a) through (k) above, would reasonably be likely to have or result
in a Material Adverse Effect. 

  
 11 

 “ERISA Plan” shall mean an “employee benefit plan” (within the meaning
of ERISA Section 3(3)) that a Controlled Group member at any time sponsors, maintains, contributes to, has liability with respect to or has an obligation to contribute to such plan. 

“EU Bail-In Legislation Schedule” shall mean the EU
Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

“Eurocurrency Liabilities” shall have the meaning assigned to that term in Regulation D of the Board of Governors of the Federal
Reserve System, as in effect from time to time. 
 “Eurodollar Loan” shall mean a Loan described in Section 2.01 hereof on
which Borrowers shall pay interest at a rate based upon the Adjusted LIBOR Rate. 
 “Event of Default” shall mean any of the
events specified in Article VII, provided that there has been satisfied any requirement in connection with such event for the giving of notice, or the lapse of time, or the happening of any further condition, event or act. 

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

“Excluded Swap Obligations” shall mean, with respect to any Loan Party, any Swap Obligation if, and to the extent that, all or a
portion of the Guaranty Obligations of such Person of, or the grant by such Person of a security interest to secure, such Swap Obligation (or any Guaranty Obligation thereof) is or becomes illegal under the Commodity Exchange Act or any rule,
regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof). If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the
portion of such Swap Obligation that is attributable to swaps for which such Guaranty Obligation or security interest is or becomes illegal. 

“Excluded Taxes” shall mean any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or
deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws
of, or having its principal office or, in the case of any Bank, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of
a Bank, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Bank with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Bank acquires such
interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 3.10) or (ii) such Bank changes its lending office, except in each case to the extent that, pursuant to Section 3.03,
amounts with respect to such Taxes were payable either to such Bank’s assignor immediately before such Bank became a party hereto or to such Bank immediately before it changed its lending office, (c) Taxes attributable to such
Recipient’s failure to comply with Section 3.03(f) and (d) any U.S. federal withholding Taxes imposed under FATCA. Notwithstanding anything to the contrary contained in this definition, “Excluded Taxes” shall not include any
withholding tax imposed at any time on payments made by or on behalf of a Foreign Borrower to any Bank hereunder or under any other Loan Document, provided that such Bank shall have complied with Section 3.02(f). 

  
 12 

 “Existing Credit Agreement” shall have the meaning given to such term in the
recitals. 
 “FATCA” shall mean Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or
successor version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof. 

“Federal Funds Effective Rate” shall mean, for any day, the rate per annum (rounded upward to the nearest one one-hundredth of one percent (1/100 of 1%)) announced by the Federal Reserve Bank of New York (or any successor) on such day as being the weighted average of the rates on overnight federal funds transactions
arranged by federal funds brokers on the previous trading day, as computed and announced by such Federal Reserve Bank (or any successor) in substantially the same manner as such Federal Reserve Bank computes and announces the weighted average it
refers to as the “Federal Funds Effective Rate” as of the Closing Date. 
 “Financial Officer” shall mean any of the
following officers: chief executive officer, president, vice president-finance, chief financial officer, controller or treasurer. Unless otherwise qualified, all references to a Financial Officer in this Agreement shall refer to a Financial Officer
of Nordson. 
 “Fixed Rate Loan” shall mean a Eurodollar Loan or an Alternate Currency Loan. 

“Foreign Borrower” shall mean any Wholly-Owned Subsidiary of Nordson that is also a Foreign Subsidiary of Nordson, that, on or after
the Closing Date, has satisfied, in the opinion of the Agent, the requirements of Section 2.03 hereof. 
 “Foreign Borrower
Borrowing Limit” shall mean, at any time, One Hundred Fifty Million Dollars ($150,000,000) (or its Dollar Equivalent in Alternate Currency). 

“Foreign Bank” shall mean (a) if the Borrower is a U.S. Person, a Bank that is not a U.S. Person, and (b) if the Borrower
is not a U.S. Person, a Bank that is resident or organized under the laws of a jurisdiction other than that in which the Borrower is resident for tax purposes. 

“Foreign Subsidiary” shall mean a Subsidiary that is organized outside of the United States. 

“FQE April 30” shall mean, for any fiscal year of Nordson, Nordson’s fiscal quarter of such year ending on or about April 30.

 “FQE January 31” shall mean, for any fiscal year of Nordson, Nordson’s fiscal quarter of such year ending on or about
January 31. 
 “FQE July 31” shall mean, for any fiscal year of Nordson, Nordson’s fiscal quarter of such year ending on or
about July 31. 

  
 13 

 “FQE October 31” shall mean, for any fiscal year of Nordson, Nordson’s fiscal
quarter of such year ending on or about October 31. 
 “Fronting Exposure” shall mean, at any time there is a Defaulting Bank,
with respect to any Swing Line Bank, such Defaulting Bank’s Applicable Percentage of outstanding Swing Loans made by such Swing Line Bank other than Swing Loans as to which such Defaulting Bank’s participation obligation has been
reallocated to other Banks. 
 “GAAP” shall have the meaning given to such term in Section 1.02. 

“Governmental Authority” shall mean the government of the United States of America or any other nation, or of any political
subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or
pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Guarantor” shall mean a Person that pledges its credit or property in any manner for the payment or other performance of the
indebtedness, contract or other obligation of another and includes (without limitation) any guarantor (whether of payment or of collection), surety, co-maker or
co-borrower, endorser or Person that agrees conditionally or otherwise to make any purchase, loan or investment in order thereby to enable another to prevent or correct a default of any kind. 

“Guarantor of Payment” shall mean any Subsidiary that executes and delivers a Guaranty of Payment on or after the Closing Date, or
any other Person that shall deliver a Guaranty of Payment to the Agent or any Bank on or after the Closing Date. 
 “Guaranty
Obligations” shall mean as to any Person (without duplication) any obligation of such Person guaranteeing any Indebtedness (“primary Indebtedness”) of any other Person (the “primary obligor”) in any manner, whether directly
or indirectly, including, without limitation, any obligation of such Person, whether or not contingent: (i) to purchase any such primary Indebtedness or any property constituting direct or indirect security therefore; (ii) to advance or
supply funds for the purchase or payment of any such primary Indebtedness or to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor; (iii) to purchase
property, securities or services primarily for the purpose of assuring the owner of any such primary Indebtedness of the ability of the primary obligor to make payment of such primary Indebtedness; or (iv) otherwise to assure or hold harmless
the owner of such primary Indebtedness against loss in respect thereof, provided, however, that the definition of Guaranty Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course of business. The
amount of any Guaranty Obligation shall be deemed to be an amount equal to the then stated or determinable amount of the primary Indebtedness in respect of which such Guaranty Obligation is made or, if not stated or determinable, the then maximum
reasonably anticipated liability in respect thereof (assuming such Person is required to perform thereunder). 

  
 14 

 “Guaranty of Payment” shall mean (a) in the case of a guaranty by Nordson, a
guaranty in the form and substance attached hereto as Exhibit F duly completed to the reasonable satisfaction of the Agent, and (b) in the case of any Subsidiary, a guaranty substantially similar to Exhibit F attached hereto
modified to the reasonable satisfaction of the Agent to reflect the nature of it as a subsidiary guaranty. 
 “including” shall
mean, unless the context clearly requires otherwise, “including without limitation”, whether or not so stated 
 “Increasing
Bank” has the meaning provided in Section 2.07(b) hereof. 
 “Indebtedness” shall mean, for Nordson or any Subsidiary
(excluding in all cases trade payables payable in the ordinary course of business by Nordson or such Subsidiary), without duplication, (a) all obligations to repay borrowed money, direct or indirect, incurred, assumed, or guaranteed,
(b) all obligations for the deferred purchase price of capital assets, in each case, incurred outside of the ordinary course of business, (c) all obligations under conditional sales or other title retention agreements (other than a true
consignment), in each case, incurred outside of the ordinary course of business, (d) all current obligations (contingent or otherwise) under any letter of credit or banker’s acceptance (other than commercial, trade or other letters of
credit entered into in connection with customer or supplier relationships in the ordinary course business), (e) all synthetic leases, (f), all obligations of Nordson or such Subsidiary with respect to the repurchase of assets under asset
securitization financing programs, including but not limited to, the Permitted Receivables Facility, (g) all material obligations arising outside the ordinary course of business to advance funds to, or to purchase assets, property or services
from, any other Person in order to maintain the financial condition of such Person, and (h) all Guaranty Obligations. 

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

“Interest Adjustment Date” shall mean the last day of each Interest Period. 

“Interest Coverage Ratio” shall mean, for the most recently completed four (4) fiscal quarters of Nordson, on a Consolidated
basis and in accordance with GAAP, the ratio of (a) Consolidated Trailing EBITDA to (b) Consolidated Trailing Interest Expense, as determined as of the conclusion of most recently completed fiscal quarter in accordance with Nordson’s
customary financial reporting practices. 
 “Interest Period” shall mean, with respect to a Fixed Rate Loan, a period of one (1),
two (2), three (3) or six (6) months, as selected by a Borrower in accordance with Section 2.02 hereof, commencing on the applicable date of borrowing or conversion of such Fixed Rate Loan and on each Interest Adjustment Date with
respect thereto; provided, however, that if any such period would be affected by a reduction in the Commitment as provided in Section 2.07 hereof, prepayment or conversion rights or obligations as provided in Section 2.01 or 3.05 hereof,
or maturity of Fixed Rate Loans as provided in Section 2.01 hereof, such Borrower shall not select a period that extends beyond the date of such reduction, prepayment, conversion or maturity; 

  
 15 

 
provided, further, that, if (a) such Borrower fails to select a new Interest Period with respect to an outstanding Eurodollar Loan at least three (3) Business Days prior to the Interest
Adjustment Date applicable to such Eurodollar Loan, such Borrower shall be deemed to have converted such Eurodollar Loan to a Base Rate Loan at the end of the then current Interest Period, or (b) such Borrower fails to select a new
Interest Period with respect to an outstanding Alternate Currency Loan at least three (3) Business Days prior to the Interest Adjustment Date applicable to such Alternative Currency Loan, such Alternate Currency Loan shall be repaid on the last
day of the applicable Interest Period. 
 “Leverage Ratio” shall mean, at any time, for the most recently completed four
(4) fiscal quarters of Nordson, on a Consolidated basis and in accordance with GAAP, the ratio of (a)(i) Total Indebtedness minus (ii) the aggregate amount of cash, Cash Equivalents and other marketable securities of Nordson and its
Subsidiaries that are not subject to a Lien (other than a Lien in favor of the Agent for the benefit of the Banks) as set forth on the financial statements of Nordson and its Subsidiaries for the most recently completed fiscal quarter to
(b) Consolidated Trailing EBITDA, all as determined as of the conclusion of most recently completed fiscal quarter in accordance with Nordson’s customary financial reporting practices. 

“Leverage Ratio Step-Up Period” means the fiscal quarter in which a Material Acquisition
Event occurs and the next following three consecutive fiscal quarter periods of Nordson. 
 “LIBOR Rate” shall mean: 

(a)    with respect to a Eurodollar Loan, for any Interest Period, the per annum rate of interest,
determined by Agent in accordance with its usual procedures (which determination shall be conclusive absent manifest error) as of approximately 11:00 A.M. (London time) two (2) Business Days prior to the beginning of such Interest Period
pertaining to such Eurodollar Loan, as provided by Reuters (or, if for any reason such rate is unavailable from Reuters, from any other similar company or service that provides rate quotations comparable to those currently provided by Reuters) as
the rate in the London interbank market for Dollar deposits in immediately available funds with a maturity comparable to such Interest Period. In the event that such rate quotation is not available for any reason, then the rate for purposes of this
subpart (a) shall be the average (rounded upward to the nearest 1/16th of 1%) of the per annum rates at which deposits in immediately available funds in Dollars for the relevant Interest Period and in the amount of the Eurodollar Loan to be
disbursed or to remain outstanding during such Interest Period, as the case may be, are offered to Agent (or an Affiliate of Agent, in Agent’s discretion) by prime banks in any Eurodollar market reasonably selected by Agent, determined as of
11:00 A.M. (London time) (or as soon thereafter as practicable), two (2) Business Days prior to the beginning of the relevant Interest Period pertaining to such Eurodollar Loan hereunder; provided, that, if such rate is below zero, LIBOR Rate
will be deemed to be zero for purposes of this Agreement; and 
 (b)    with respect to an Alternate
Currency Loan, for any Interest Period, the per annum rate of interest, determined by Agent in accordance with its usual procedures (which determination shall be conclusive absent manifest error) as of approximately

  
 16 

 
11:00 A.M. (London time) two (2) Business Days prior to the beginning of such Interest Period pertaining to such Alternate Currency Loan, equal to the London Interbank offered rate
administered by the ICE Benchmark Administration as provided by Reuters (or, if for any reason such rate is unavailable from Reuters, from any other similar company or service that provides rate quotations comparable to those currently provided by
Reuters) as the rate in the London interbank market for deposits in the relevant Alternate Currency in immediately available funds with a maturity comparable to such Interest Period. In the event that such rate quotation is not available for any
reason, then the rate for purposes of this subpart (b) shall be the average (rounded upward to the nearest 1/16th of 1%) of the per annum rates at which deposits in immediately available
funds in the relevant Alternate Currency for the relevant Interest Period and in the amount of the Alternate Currency Loan to be disbursed or to remain outstanding during such Interest Period, as the case may be, are offered to Agent (or an
Affiliate of Agent, in Agent’s discretion) by prime banks in any Alternate Currency market reasonably selected by Agent, determined as of 11:00 A.M. (London time) (or as soon thereafter as practicable), two (2) Business Days prior to the
beginning of the relevant Interest Period pertaining to such Alternate Currency Loan hereunder; provided, that, if such rate is below zero, LIBOR Rate will be deemed to be zero for purposes of this Agreement and to the extent a comparable or
successor rate is approved by the Agent in connection with any rate set forth in this definition, the approved rate shall be applied in a manner consistent with market practice; provided, further that to the extent such market practice is not
administratively feasible for the Agent, such approved rate shall be applied in a manner as otherwise reasonably determined by the Agent. 

“Lien” shall mean any mortgage, security interest, lien (statutory or other), charge, encumbrance on, pledge or deposit of, or
conditional sale, leasing, sale with a right of redemption or other title retention agreement and any capitalized lease with respect to any (real or personal) or asset. 

“Loan” shall mean a Revolving Loan or a Swing Loan. 

“Loan Documents” shall mean, collectively, this Agreement, each Note, each Guaranty of Payment, the Agent Fee Letter, the Nordson
Guaranty and any other documents relating to any of the foregoing, as any of the foregoing may from time to time be amended, restated or otherwise modified or replaced. 

“Loan Party” shall mean each Borrower and each Guarantor. 

“Mandatory Cost” shall mean, with respect to any period, the percentage rate per annum determined in accordance with Schedule 1-B hereto. 
 “Material Acquisition Event” means any time when (a) any Company
consummates an Acquisition, the Consideration for which is greater than or equal to One Hundred Million Dollars ($100,000,000), or (b) any Company or the Companies consummate one or more Acquisitions over a period of no more than ninety
(90) days, the aggregate Consideration for which is greater than or equal to One Hundred Million Dollars ($100,000,000). 

  
 17 

 “Material Adverse Effect” shall mean a material adverse effect on (a) the
business, operations, property or condition (financial or otherwise) of Nordson and its Subsidiaries taken as a whole, or (b) the validity or enforceability of this Agreement or any of the other Loan Documents or the rights and remedies of the
Agent of the Banks hereunder or thereunder. 
 “Material Indebtedness Agreement” shall mean any debt instrument, lease (capital,
operating or otherwise), guaranty, contract, commitment, agreement or other arrangement evidencing any Indebtedness of Nordson or any Subsidiary in an amount equal to or greater than the greater of (i) Fifty Million Dollars ($50,000,000) and
(ii) an amount equal to five percent (5%) of Consolidated Total Assets. 
 “Multiemployer Plan” shall mean a Pension Plan
that is subject to the requirements of Subtitle E of Title IV of ERISA. 
 “Net Earnings” shall mean, for any period, the net
income (loss) for such period, determined in accordance with GAAP. 
 “Non-Consenting
Bank” shall mean any Bank that does not approve any consent, waiver or amendment that (i) requires the approval of all affected Banks in accordance with the terms of Section 10.03 and (ii) has been approved by the Required Banks.

 “Non-Defaulting Bank” shall mean, at any time, each Bank that is not a Defaulting Bank
at such time. 
 “Non-Increasing Bank” has the meaning provided in Section 2.07(b)
hereof. 
 “Nordson” shall have the meaning provided in the first paragraph hereof. 

“Note” shall mean any Revolving Note, the Swing Line Note or any other note delivered pursuant to this Agreement. 

“Nordson” shall have the meaning provided in the first paragraph hereof. 

“Nordson Guaranty” shall mean a Guaranty of Payment in the form of the attached Exhibit F. 

“Notice of Loan” shall mean a Notice of Loan in the form of the attached Exhibit C. 

“Obligor” shall mean (a) a Person whose credit or any of whose property is pledged to the payment of the Debt and includes,
without limitation, any Guarantor, and (b) any signatory to a Related Writing. 
 “Organizational Documents” shall mean, with
respect to any Person (other than an individual), such Person’s Articles (Certificate) of Incorporation, or equivalent formation documents, and Regulations (Bylaws), or equivalent governing documents, and any amendments to any of the foregoing.

  
 18 

 “Other Connection Taxes” shall mean, with respect to any Recipient, Taxes imposed
as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received
payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 

“Other Taxes” shall mean all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that
arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that
are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 3.10). 

“Participant” shall have the meaning provided to such term in clause (c) of Section 10.11. 

“Participant Register” shall have the meaning specified in clause (c) of Section 10.11. 

“PBGC” shall mean the Pension Benefit Guaranty Corporation, or any successor or replacement entity thereto under ERISA. 

“Pension Plan” shall mean an ERISA Plan that is a “pension plan” (within the meaning of ERISA Section 3(2)). 

“Permitted Receivables Facility” shall mean an accounts receivable facility whereby Nordson or its Subsidiaries sell or transfer the
accounts receivables of Nordson or its Subsidiaries to the Receivables Subsidiary which in turn transfers to a buyer, purchaser or lender undivided fractional interests in such accounts receivable, so long as (a) no portion of the Indebtedness
or any other obligation (contingent or otherwise) under such Permitted Receivables Facility is guaranteed by Nordson or any Subsidiary, (b) there is no recourse or obligation to Nordson or any Subsidiary (other than the Receivables Subsidiary)
whatsoever other than pursuant to customary representations, warranties, covenants and indemnities entered into in the ordinary course of business in connection with such Permitted Receivables Subsidiary, and (c) neither Nordson nor any
Subsidiary (other than the Receivables Subsidiary) provides, either directly or indirectly, any other credit support of any kind (excluding credit insurance or similar third party credit support obtained in the ordinary course of business) in
connection with such Permitted Receivables Facility other than as set forth in subpart (b) of this definition. 
 “Person”
shall mean any individual, sole proprietorship, partnership, joint venture, unincorporated organization, corporation, limited liability company, institution, trust, estate, government or other agency or political subdivision thereof or any other
entity. 
 “Plan” shall mean any employee pension benefit plan (as such term is defined in section 3 of ERISA) which is or has
been established or maintained, or to which contributions are or have been made, by Nordson or any ERISA Affiliate. 

  
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 “Prime Rate” shall mean the interest rate established from time to time by Agent
as Agent’s prime rate, whether or not such rate is publicly announced; the Prime Rate may not be the lowest interest rate charged by Agent for commercial or other extensions of credit. Each change in the Prime Rate shall be effective
immediately from and after such change. 
 “Priority Indebtedness” shall mean, without duplication, the sum of (a) all
Indebtedness of Subsidiaries and (b) all Indebtedness of Nordson secured by any Liens permitted by Section 5.06(g). 

“PTE” shall mean a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be
amended from time to time. 
 “Receivables Related Assets” shall mean accounts receivable, instruments, chattel paper,
obligations, general intangibles and other similar assets, in each case relating to receivables subject to the Permitted Receivables Facility, including interests in merchandise or goods, the sale or lease of which gave rise to such receivables,
related contractual rights, guaranties, insurance proceeds, collections and proceeds of all of the foregoing. 
 “Receivables
Subsidiary” shall mean a Wholly-Owned Subsidiary of Nordson that is established as a “bankruptcy remote” Subsidiary for the sole purpose of acquiring and selling accounts receivable under the Permitted Receivables Facility and that
shall not engage in any activities other than in connection with the Permitted Receivables Facility. 
 “Recipient” shall mean
(a) the Agent and (b) any Bank, as applicable. 
 “Related Writing” shall mean each Loan Document and any other
assignment, mortgage, security agreement, guaranty agreement, subordination agreement, financial statement, audit report or other writing furnished by any Borrower, any Subsidiary or any Obligor, or any of their respective officers, to the Banks
pursuant to or otherwise in connection with this Agreement. 
 “Reportable Event” shall mean a reportable event as that term is
defined in Title IV of ERISA, except actions of general applicability by the Secretary of Labor under Section 110 of such Act. 

“Required Banks” shall mean the holders of more than 50% of the Total Commitment Amount or, if any borrowing hereunder, the holders
of greater than fifty percent (50%) of the aggregate principal amount of those outstanding Loans (other than the Swing Line Loan). The Revolving Exposure of any Defaulting Bank shall be disregarded in determining Required Banks at any time.
Notwithstanding the foregoing, any amendment, consent or waiver resulting in treatment of any Defaulting Bank disproportionately adversely to other Banks shall require the consent of such Defaulting Bank. 

“Reserve Percentage” shall mean for any day that percentage (expressed as a decimal) that is in effect on such day, as prescribed by
the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, all basic, supplemental, marginal and other reserves and taking into account any transitional
adjustments or other scheduled changes in reserve requirements) for a member bank 

  
 20 

 
of the Federal Reserve System in Cleveland, Ohio, in respect of Eurocurrency Liabilities. The Adjusted LIBOR Rate shall be adjusted automatically on and as of the effective date of any change in
the Reserve Percentage. 
 “Revolving Commitment” shall mean the obligation hereunder, during the Commitment Period, of
(a) each Bank to participate in the making of Revolving Loans up to the aggregate amount set forth opposite such Bank’s name under the column headed “Revolving Commitment Amount” as set forth on Schedule 1-A hereto (or such lesser amount as shall be determined pursuant to Section 2.07 hereof), and (b) Agent to make Swing Loans pursuant to the Swing Line Commitment. 

“Revolving Exposure” shall mean, at any time, the sum of (a) the aggregate principal Dollar or Dollar Equivalent amount of all
Revolving Loans outstanding, and (b) the Swing Line Exposure. 
 “Revolving Loan” shall mean a loan granted to a Borrower by
the Banks in accordance with Section 2.01A hereof. 
 “Revolving Note” shall mean any Revolving Note executed and delivered
pursuant to Section 2.01A hereof. 
 “Sanctions” shall mean economic or financial sanctions or trade embargoes imposed,
administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or (b) the United Nations
Security Council, the European Union, any European Union member state or Her Majesty’s Treasury of the United Kingdom.  

“Sanctioned Country” shall mean, at any time, a region, country or territory which is itself the subject or target of any Sanctions
(at the time of this Agreement, Crimea, Cuba, Iran, North Korea, Sudan and Syria). 
 “Sanctioned Person” shall mean, at any time,
(a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, or by the United Nations Security Council, Her
Majesty’s Treasury, the European Union or any European Union member state, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons described in the
foregoing clauses (a) or (b). 
 “SEC” shall mean the United States Securities Exchange Commission. 

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

“Subordinated”, as applied to Indebtedness, shall mean that the Indebtedness has been subordinated (by written terms or written
agreement being, in either case, in form and substance satisfactory to the Agent and the Required Banks) in favor of the prior payment in full of the Debt. 

  
 21 

 “Subordinated Indebtedness” shall mean, for Nordson or any Subsidiary any
Indebtedness that is Subordinated. 
 “Subsidiary” of Nordson or any of its Subsidiaries shall mean (i) a corporation more
than fifty percent (50%) of the Voting Power of which is owned, directly or indirectly, by Nordson or by one or more other Subsidiaries of Nordson or by Nordson and one or more Subsidiaries of Nordson, (ii) a partnership or limited liability
company of which Nordson, one or more other Subsidiaries of Nordson or Nordson and one or more Subsidiaries of Nordson, directly or indirectly, is a general partner or managing member, as the case may be, that, or otherwise, has the power to direct
the policies, management and affairs thereof, or (iii) any other Person (other than a corporation) in which Nordson, one or more other Subsidiaries of Nordson or Nordson and one or more Subsidiaries of Nordson, directly or indirectly, has at
least a majority interest in the Voting Power or the power to direct the policies, management and affairs thereof. 
 “Swap
Obligation” means, with respect to the Borrowers or any Guarantor, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity
Exchange Act. 
 “Swing Line” shall mean the credit facility established by Agent for Nordson in accordance with
Section 2.01B hereof. 
 “Swing Line Bank” shall mean, the Agent, or such other Bank that has purchased a participation in
any Swing Loan. 
 “Swing Line Commitment” shall mean the commitment of Agent to make Swing Loans to Nordson up to the maximum
aggregate principal amount at any time outstanding of Seventy-Five Million Dollars ($75,000,000) in accordance with the terms and conditions of the Swing Line. 

“Swing Line Exposure” shall mean, at any time, the aggregate principal amount of all Swing Loans outstanding. 

“Swing Line Note” shall mean the Swing Line Note executed and delivered pursuant to Section 2.01B hereof. 

“Swing Loan” shall mean a loan granted to Nordson by Agent under the Swing Line. 

“Swing Loan Maturity Date” shall mean, with respect to any Swing Loan, the earlier of (a) thirty (30) days after the date such
Swing Loan is made, or (b) the last day of the Commitment Period. 
 “Taxes” shall mean all present or future taxes, levies,
imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Total Commitment Amount” shall mean the principal amount of Eight Hundred Fifty Million Dollars ($850,000,000) (or its Dollar
Equivalent in Alternate Currency), or such lesser or greater amount as shall be determined pursuant to Section 2.07 hereof; provided, however, that, for the purposes of determining the Total Commitment Amount, Agent may, in its discretion,
calculate the Dollar Equivalent of any Loan on any Business Day selected by Agent. 

  
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 “Total Indebtedness” shall mean, at any time, on a Consolidated basis, all
Indebtedness of Nordson, including, but not limited to, current, long-term and Subordinated Indebtedness, if any, and all Indebtedness under the Permitted Receivables Facility. 

“Transactions” means, collectively, (a) the entering into by the Loan Parties and their applicable Subsidiaries of the Loan
Documents which they are or are intended to be a party and the funding of the Loans thereunder, and (b) the payment of the fees and expenses incurred in connection with the consummation of the foregoing. 

“USA Patriot Act” shall mean the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism (USA PATRIOT Act) Act of 2001. 
 “U.S. Person” shall mean any Person that is a “United States Person” as
defined in Section 7701(a)(30) of the Code. 
 “U.S. Tax Compliance Certificate” has the meaning assigned to such term in
paragraph (f) of Section 3.02. 
 “Voting Power” shall mean, with respect to any Person, the exclusive ability to
control, through the ownership of shares of capital stock, partnership interests, membership interests or otherwise, the election of members of the board of directors or other similar governing body of such Person, and the holding of a designated
percentage of Voting Power of a Person means the ownership of shares of capital stock, partnership interests, membership interests or other interests of such Person sufficient to control exclusively the election of that percentage of the members of
the board of directors or similar governing body of such Person. 
 “Voting Stock” shall mean, with respect to any corporation,
partnership or limited liability company (or equivalent of any such entity), any shares of stock, partnership interests or membership interests of such entity whose holders are entitled under ordinary circumstances to vote for the election of
directors of such corporation or members of other similar governing body (irrespective of whether at the time stock or interests of any other class or classes shall have or might have voting power by reason of the happening of any contingency). 

“Welfare Plan” shall mean an ERISA Plan that is a “welfare plan” within the meaning of ERISA Section 3(l). 

“Wholly-Owned Subsidiary” shall mean, with respect to any Person, any corporation, limited liability company or other entity, except
for director’s qualifying shares or shares required to be owned individually due to country specific regulations regarding ownership or control of the organization or operation of such entity, all of the securities or other ownership interest
of which having ordinary voting power to elect a majority of the board of directors, or other persons performing similar functions, are at the time directly or indirectly owned by such Person. 

  
 23 

 “Withholding Agent” shall mean any Loan Party and the Agent. 

“Write-Down and Conversion Powers” shall mean, with respect to any EEA Resolution Authority, the write-down and conversion powers of
such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 
 Section 1.02    Accounting and Legal
Principles, Terms and Determinations. All references in this Agreement to “generally accepted accounting principles” or “GAAP” shall be deemed to refer to generally accepted accounting principles in effect in the United
States at the time of application thereof, except that with respect to any leases of any Person that are, or would be, characterized as operating leases in accordance with GAAP on the Closing Date (whether or not such operating leases were in effect
on the Closing Date) shall be accounted for as operating leases (and not as capital leases) for purposes of this Agreement regardless of any change in GAAP after the Closing Date that would otherwise require such leases to be characterized as
capital leases. Interim financial statements otherwise prepared in accordance with GAAP shall be deemed to comply with such principles subject to year-end adjustments and notwithstanding the absence of
footnotes Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all determinations with respect to accounting matters hereunder shall be made, and all unaudited consolidated financial statements and certificates
and reports as to financial matters required to be furnished hereunder shall be prepared, in accordance with generally accepted accounting principles applied on a basis consistent with the most recent audited consolidated financial statements of
Nordson and its Subsidiaries made available pursuant to clause (b) of Section 5.01 or, if no such statements have been so delivered, the most recent audited financial statements referred to in clause (a) of Section 5.01. Any
reference herein to any specific citation, section or form of law, statute, rule or regulation shall refer to such new, replacement or analogous citation, section or form should such citation, section or form be modified, amended or replaced. Any
definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, restated, supplemented or otherwise modified (subject to
any restrictions on such amendments, supplements or modifications set forth herein or in any other Loan Document). Notwithstanding the foregoing, for purposes of determining compliance with any covenant (including the computation of any financial
covenant) contained herein, Indebtedness of the Borrower and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof. 

Section 1.03    Terms Generally. The foregoing definitions shall be applicable to the singular and plurals of
the foregoing defined terms. 
 Section 1.04    Divisions. For all purposes under the Loan Documents, in
connection with any division or plan or division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or
liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the
first date of its existence by the holders of its Equity Interests at such time. 

  
 24 

 Section 1.05    LIBOR Notification.
Section 3.03(b) of this Agreement provides a mechanism for determining an alternative rate of interest in the event that the London interbank offered rate is no longer available or in certain other circumstances. The Agent
does not warrant or accept any responsibility for and shall not have any liability with respect to, the administration, submission or any other matter related to the London interbank offered rate or other rates in the definition of “LIBOR
Rate” or with respect to any alternative or successor rate thereto, or replacement rate therefor. 
 ARTICLE II. 

AMOUNT AND TERMS OF CREDIT 

Section 2.01    Amount and Nature of Credit. Subject to the terms and conditions of this Agreement, each Bank
shall participate, to the extent hereinafter provided, in making Loans to Borrowers in such aggregate amount as Borrowers shall request pursuant to the Commitment; provided, however, that in no event shall the aggregate principal amount of all Loans
outstanding under this Agreement be in excess of the Total Commitment Amount. 
 Each Bank, for itself and not one for any other, agrees to
participate in Loans made hereunder during the Commitment Period on such basis that immediately after the completion of any borrowing by Borrowers, (a) the aggregate principal amount of Loans (other than Swing Loans) then outstanding made by
such Bank shall not be in excess of such Bank’s Revolving Commitment, and (b) the aggregate principal amount of Loans (other than Swing Loans) outstanding made by such Bank shall represent that percentage of the aggregate principal amount
then outstanding of all Loans that is such Bank’s Commitment Percentage. 
 Each borrowing (other than Swing Loans) from the Banks
hereunder shall be made pro rata according to the respective Commitment Percentages of the Banks. The Loans may be made as Revolving Loans and Swing Loans as follows: 

A.    Revolving Loans. 

Subject to the terms and conditions of this Agreement, during the Commitment Period, each Bank shall make a Revolving Loan or Revolving Loans
to a Borrower in such amount or amounts as such Borrower may from time to time request, but not exceeding in aggregate principal amount at any time outstanding hereunder (i) the Total Commitment Amount, when such Revolving Loans are combined
with the Swing Line Exposure and (ii) in the case of any Loans made to a Foreign Borrower, the Foreign Borrower Borrowing Limit. Each Borrower shall have the option, subject to the terms and conditions set forth herein, to borrow Revolving
Loans, maturing on the last day of the Commitment Period, by means of any combination of (a) Base Rate Loans, (b) Eurodollar Loans, or (c) Alternate Currency Loans. With respect to each Alternate Currency Loan, subject to the other
provisions of this Agreement, each Borrower shall have the right to receive all of the proceeds of such Alternate Currency Loan in an Alternate Currency. Each Alternate Currency Loan shall be made in a single Alternate Currency. 

Each Borrower shall pay interest on the unpaid principal amount of Base Rate Loans made to it outstanding from time to time from the date
thereof until paid at the Derived Base Rate from time to time in effect. Interest on such Base Rate Loans shall be payable on the last day of each September, December, March and June of each year and at the maturity thereof. 

  
 25 

 Each Borrower shall pay interest on the unpaid principal amount of each Fixed Rate Loan made
to it outstanding from time to time, fixed in advance on the first day of the Interest Period applicable thereto through the last day of the Interest Period applicable thereto (but subject to changes in the Applicable Margin), at the Derived Fixed
Rate. Interest on such Fixed Rate Loans shall be payable on each Interest Adjustment Date (provided that if an Interest Period exceeds three (3) months, the interest must be paid every three (3) months, commencing three (3) months
from the beginning of such Interest Period). 
 At the request of a Borrower to Agent, subject to the notice and other provisions of
Section 2.02 hereof, the Banks shall convert Base Rate Loans to Eurodollar Loans at any time and shall convert Eurodollar Loans to Base Rate Loans on any Interest Adjustment Date. No Alternate Currency Loan may be converted to a Base Rate Loan
or a Eurodollar Loan. 
 The obligation of each Borrower to repay Revolving Loans made to it by each Bank pursuant to this
Section 2.01A and to pay interest thereon shall be evidenced by a Revolving Note of each Borrower in the form of Exhibit A hereto, payable to the order of such Bank in the principal amount of its Revolving Commitment.
Subject to the provisions of this Agreement, Borrowers shall be entitled under this Section 2.01A to borrow funds, repay the same in whole or in part and re-borrow hereunder at any time and from time to
time during the Commitment Period. Notwithstanding anything in this Agreement to the contrary, each Foreign Borrower shall only be liable for the Loans made to it and the other Debt attributable to it and shall not be liable for the Loans or other
Debt owing by any other Borrower. 
 B.    Swing Loans. 

Subject to the terms and conditions of this Agreement, during the Commitment Period Agent shall make a Swing Loan or Swing Loans to Nordson in
such amount or amounts as Nordson may from time to time request; provided however, that Nordson shall not request any Swing Loan hereunder if, after giving effect thereto, (a) the Revolving Exposure would exceed the Total Commitment Amount, or
(b) the Swing Line Exposure would exceed the Swing Line Commitment. Each Swing Loan shall be due and payable on the Swing Loan Maturity Date applicable thereto. Nordson shall not request that more than three (3) Swing Loans be outstanding
at any time. Each Swing Loan shall be made in Dollars. 
 Nordson shall pay interest, for the sole benefit of Agent (and any Bank that has
purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Rate applicable to such Swing Loan. Interest on each Swing Loan
shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one (1) day. 

The obligation of Nordson to repay the Swing Loans and to pay interest thereon shall be evidenced by a Swing Line Note of Nordson
substantially in the form of Exhibit B hereto, dated the Closing Date, and payable to the order of Agent in the principal amount of the Swing Line 

  
 26 

 
Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made hereunder by Agent. Subject to the provisions of this Agreement, Nordson shall be entitled under this
Section 2.01B to borrow funds, repay the same in whole or in part and re-borrow hereunder at any time and from time to time during the Commitment Period. 

If Agent so elects, by giving notice to Nordson and the Banks, Nordson agrees that Agent shall have the right, in its reasonable discretion,
to require that any Swing Loan be refinanced as a Revolving Loan. Such Revolving Loan shall be a Base Rate Loan unless and until converted by a Borrower to a Eurodollar Loan pursuant to Section 2.01A and Section 2.02 hereof. Upon receipt
of such notice by Nordson, Nordson shall be deemed, on such day, to have requested a Revolving Loan in the principal amount of the Swing Loan in accordance with Section 2.01A and Section 2.02 hereof. Each Bank agrees to make a Revolving
Loan on the date of such notice, subject to no conditions precedent whatsoever. Each Bank acknowledges and agrees that such Bank’s obligation to make a Revolving Loan pursuant to Section 2.01A when required by this Section 2.01B is
absolute and unconditional and shall not be affected by any circumstance whatsoever, including, without limitation, the occurrence and continuance of a Default or Event of Default, and that its payment to Agent, for the account of Agent, of the
proceeds of such Revolving Loan shall be made without any offset, abatement, recoupment, counterclaim, withholding or reduction whatsoever and whether or not such Bank’s Revolving Commitment shall have been reduced or terminated. Nordson
irrevocably authorizes and instructs Agent to apply the proceeds of any borrowing pursuant to this paragraph to repay in full such Swing Loan. 

If, for any reason, Agent is unable to or, in the opinion of Agent, it is impracticable to, convert any Swing Loan to a Revolving Loan
pursuant to the preceding paragraph, then on any day that a Swing Loan is outstanding (whether before or after the maturity thereof), Agent shall have the right to request that each Bank purchase a participation in such Swing Loan, and Agent shall
promptly notify each Bank thereof (by facsimile or telephone, confirmed in writing). Upon such notice, but without further action, Agent hereby agrees to grant to each Bank, and each Bank hereby agrees to acquire from Agent, an undivided
participation interest in such Swing Loan in an amount equal to such Bank’s Commitment Percentage of the aggregate principal amount of such Swing Loan. In consideration and in furtherance of the foregoing, each Bank hereby absolutely and
unconditionally agrees, upon receipt of notice as provided above, to pay to Agent, for its sole account, such Bank’s ratable share of such Swing Loan (determined in accordance with such Bank’s Commitment Percentage). Each Bank acknowledges
and agrees that its obligation to acquire participations in Swing Loans pursuant to this Section 2.01B is absolute and unconditional and shall not be affected by any circumstance whatsoever, including, without limitation, the occurrence and
continuance of a Default or an Event of Default, and that each such payment shall be made without any offset, abatement, recoupment, counterclaim, withholding or reduction whatsoever and whether or not such Bank’s Revolving Commitment shall
have been reduced or terminated. Each Bank shall comply with its obligation under this Section 2.01B by wire transfer of immediately available funds, in the same manner as provided in Section 2.02 hereof with respect to Revolving Loans to
be made by such Bank. 

  
 27 

 Section 2.02    Conditions To Loans. The obligation of the
Banks to make, continue or convert any Loan, and of Agent to make any Swing Loan, is conditioned, in the case of each borrowing, conversion or continuation hereunder, upon: 

(a)    with respect to Base Rate Loans, receipt by Agent of a Notice of Loan, such notice to be received by 11:00 A.M.
(Cleveland, Ohio time) on the proposed date of borrowing or conversion, and, with respect to Eurodollar Loans, by 11:00 A.M. (Cleveland, Ohio time) three (3) Business Days prior to the proposed date of borrowing, conversion or continuation.
Agent shall notify each Bank of the date, amount and initial Interest Period (if applicable) promptly upon the receipt of such notice, and, in any event, by 2:00 P.M. (Cleveland, Ohio time) on the date such notice is received. On the date such Loan
is to be made, each Bank shall provide Agent, not later than 3:00 P.M. (Cleveland, Ohio time), with the amount in federal or other immediately available funds, required of it. If Agent elects to advance the proceeds of such Loan prior to receiving
funds from such Bank, Agent shall have the right, upon prior notice to Borrowers, to debit any account of the appropriate Borrower or otherwise receive from the appropriate Borrower, on demand, such amount, in the event that such Bank fails to
reimburse Agent in accordance with this subsection. Agent shall also have the right to receive interest from such Bank at the Federal Funds Effective Rate in the event that such Bank shall fail to provide its portion of the Loan on the date
requested and Agent elects to provide such funds; 
 (b)    with respect to Alternate Currency Loans, receipt by Agent
of a Notice of Loan by 11:00 A.M. (Cleveland, Ohio time) three (3) Business Days prior to the proposed date of borrowing. Agent shall notify each Bank of the date, amount, type of currency and initial Interest Period promptly upon the receipt
of such notice, and, in any event, by 2:00 P.M. (Cleveland, Ohio time) on the date such notice is received. On the date such Loan is to be made, each Bank shall provide Agent, not later than 3:00 P.M. (Cleveland, Ohio time), with the amount of the
applicable Alternate Currency required of it in immediately available funds; 
 (c)    with respect to Swing Loans,
receipt by Agent of a Notice of Loan, such notice to be received by 11:00 A.M. (Cleveland, Ohio time) on the proposed date of borrowing; 

(d) a Borrower’s request for (i) a Base Rate Loan shall be in an amount of not less than One Million Dollars ($1,000,000), increased
by increments of Five Hundred Thousand Dollars ($500,000); (ii) a Fixed Rate Loan shall be in an amount (or, with respect to an Alternate Currency Loan, the Dollar Equivalent) of not less than Five Million Dollars ($5,000,000), increased by
increments of One Million Dollars ($1,000,000) (or, with respect to an Alternate Currency Loan, such approximately comparable amount as shall result in a rounded number of the applicable Alternate Currency); and (iii) a Swing Loan shall be in
an amount not less than Five Hundred Thousand Dollars ($500,000); 
 (e)    the fact that no Default or Event of Default
shall then exist or immediately after the making, conversion or continuation of the Loan would exist; and 

(f)    solely with respect to the making (but not the conversion or continuation thereof) of any Loan on or after the
Closing Date, the fact that each of the representations and warranties contained in Article VI hereof shall be true and correct with the same force and effect as if made on and as of the date of the making of such Loan, except to the extent that any
thereof expressly relate to an earlier date. 

  
 28 

 At no time shall any Borrower request that Fixed Rate Loans be outstanding for more than ten
(10) different Interest Periods, or, to the extent there exists any borrowing under this Agreement by a Foreign Borrower, fifteen (15) different Interest Periods, for all Borrowers, at any time, and, if Base Rate Loans are outstanding,
then Fixed Rate Loans shall be limited to nine (9) different Interest Periods, or, to the extent there exists any borrowing under this Agreement by a Foreign Borrower, fourteen (14) different Interest Periods, for all Borrowers, at any
time. 
 Each request by a Borrower for the making of a Loan hereunder shall be deemed to be a representation and warranty by such Borrower
as of the date of such request as to the facts specified in (f) above. 
 Each request for a Fixed Rate Loan shall be irrevocable and
binding on a Borrower and such Borrower shall indemnify Agent and the Banks against any loss or expense incurred by Agent or the Banks as a result of any failure by such Borrower to consummate such transaction including, without limitation, any loss
(including loss of anticipated profits) or expense incurred by reason of liquidation or re-employment of deposits or other funds acquired by the Banks to fund such Fixed Rate Loan. A certificate as to the
amount of such loss or expense submitted by the Banks to such Borrower shall be conclusive and binding for all purposes, absent manifest error. 

Section 2.03    Addition or Release of Foreign Borrowers. 

(a)    At the request of Nordson, a Foreign Subsidiary that is not already a Foreign Borrower may become a Foreign Borrower
hereunder, provided that all of the following requirements are met to the satisfaction of the Agent and each Bank: (i) fifteen (15) days prior to the date of such proposed addition of a Foreign Borrower, Nordson shall have provided to Agent a
written request that such Foreign Subsidiary be designated as a Foreign Borrower, pursuant to the terms of this Agreement; (ii) such Foreign Subsidiary shall be a Wholly-Owned Subsidiary of Nordson; (iii) Nordson shall have guaranteed the
obligations of such Foreign Subsidiary under this Agreement pursuant to the terms of the Nordson Guaranty; (iv) such Foreign Subsidiary shall have executed and delivered to Agent, for delivery to each Bank, a Revolving Note in favor of such
Bank; (v) Nordson and such Foreign Subsidiary shall have provided to Agent such corporate governance and authorization documents and an opinion of counsel as may be deemed reasonably necessary by Agent; (vi) the addition of such Foreign
Subsidiary as a Borrower under this Agreement will not cause or result in any adverse tax or legal consequences to any Company, Agent or any Bank or be prohibited by law; and (vii) such Foreign Borrower shall have delivered all documentation
and other information required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the USA Patriot Act and such information is reasonably satisfactory to the Agent
and each Bank. 
 (b) Upon satisfaction by Nordson and any such Foreign Subsidiary of the requirements set forth in subpart (a) above,
Agent shall promptly notify each of the banks whereupon such Foreign Subsidiary shall be designated a “Foreign Borrower” pursuant to the terms and conditions of this Agreement, and such Foreign Subsidiary shall become bound by all
representations, warranties, covenants, provisions and conditions of this Agreement and each other Loan Document applicable to the Foreign Borrowers as if such Foreign Subsidiary had been the original party making such representations, warranties
and covenants. 

  
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 (c)    So long as (i) no Revolving Exposure shall exist with
respect to a Foreign Borrower, and (ii) no Default or Event of Default shall exist or immediately thereafter shall begin to exist, upon written request of Nordson to Agent and the Banks, Agent shall release such Foreign Borrower as a Borrower
hereunder. No such release shall be effective until confirmed by Agent to Nordson and the Banks in writing. The Banks hereby authorize Agent to release such Foreign Borrower in accordance with terms and conditions of this Section and agree that
Agent may execute and deliver such documents or agreements as Agent shall deem necessary or appropriate in connection therewith. 

Section 2.04    Payments, Etc. 

(a)    Payments Generally. Each payment made hereunder by a Borrower shall be made without any offset, abatement,
recoupment, counterclaim, withholding or reduction whatsoever. 
 (b)    Payments in Alternate Currency. With
respect to any Alternate Currency Loan, all payments (including prepayments) to any Bank of the principal of or interest on such Alternate Currency Loan shall be made in the same Alternate Currency as the original Loan. All such payments shall be
remitted by Borrowers to Agent at Agent’s main office (or at such other office or account as designated in writing by Agent to Borrowers) for the account of the Banks not later than 11:00 A.M. (Cleveland, Ohio time) on the due date thereof in
same day funds. Any payments received by Agent after 11:00 A.M. (Cleveland, Ohio time) shall be deemed to have been made and received on the next following Business Day. 

(c)    Payments in Dollars. With respect to (i) any Loan (other than an Alternate Currency Loan), or
(ii) any other payment to Agent and the Banks that is not covered by subsection (a) hereof, all such payments (including prepayments) to Agent and the Banks of the principal of or interest on such Loan or other payment, including but not
limited to principal, interest, fees or any other amount owed by any Borrower under this Agreement, shall be made in Dollars. All payments described in this subsection (b) shall be remitted to Agent at its main office for the account of the
Banks not later than 11:00 A.M. (Cleveland, Ohio time) on the due date thereof in immediately available funds. Any such payments received by Agent after 11:00 A.M. (Cleveland, Ohio time) shall be deemed to have been made and received on the next
following Business Day. 
 (d)    Payments Net of Taxes. All payments under this Agreement or any other Loan
Document by Borrowers or any other Obligor shall be made absolutely net of, without deduction or offset for, and altogether free and clear of, any and all present and future taxes, levies, deductions, charges and withholdings and all liabilities
with respect thereto, under the laws of the United States of America or any foreign jurisdiction (or any state or political subdivision thereof), excluding income and franchise taxes imposed on any Bank (and withholding relating thereto) other than
such income or franchise taxes arising solely from such Bank having executed, delivered or performed its obligations or received a payment under, or enforced the Loan Documents, under the laws of the United States of America or any foreign
jurisdiction (or any state or political subdivision thereof). If any Borrower or other Obligor is compelled by law to deduct any such taxes or levies (other than such excluded taxes) or to make any such other deductions, charges or withholdings,
then such Borrower or such Obligor, as the case may be, shall pay such additional amounts as may be necessary in order that the net payments after such 

  
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deduction, and after giving effect to any United States or foreign jurisdiction (or any state or political subdivision thereof) income taxes required to be paid by the Banks in respect of such
additional amounts, shall equal the amount of interest provided in Section 2.01 hereof for each Loan plus any principal then due. In each such case, each such Borrower shall provide to the applicable Bank evidence demonstrating that such taxes
or levies have been paid. 
 (e)    Payments to Banks. Upon Agent’s receipt of payments hereunder, Agent
shall immediately distribute to each Bank its ratable share, if any, of the amount of principal, interest, and facility and other fees received by it for the account of such Bank. Payments received by Agent in Dollars shall be delivered to the Banks
in Dollars in immediately available funds. Payments received by Agent in any Alternate Currency shall be delivered to the Banks in such Alternate Currency in same day funds. Each Bank shall record any principal, interest or other payment, the
principal amounts of Base Rate Loans and Fixed Rate Loans, the type of currency for each Loan, all prepayments and the applicable dates, including Interest Periods, with respect to the Loans made, and payments received by such Bank, by such method
as such Bank may generally employ; provided, however, that failure to make any such entry shall in no way detract from the obligations of Borrowers under the Notes. The aggregate unpaid amount of Loans, types of Loans, Interest Periods and similar
information with respect to such Loans set forth on the records of Agent shall be rebuttably presumptive evidence with respect to such information, including the amounts of principal and interest owing and unpaid with respect to each Loan. 

(f)    Timing of Payments. Whenever any payment to be made hereunder, including, without limitation, any payment to
be made on any Note, shall be stated to be due on a day that is not a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall in each case be included in the computation of the interest payable
on such Note; provided, however, that, with respect to any Fixed Rate Loan, if the next succeeding Business Day falls in the succeeding calendar month, such payment shall be made on the preceding Business Day and the relevant Interest Period shall
be adjusted accordingly. 
 Section 2.05    Prepayment. 

(a)    Right to Prepay. 

(i)    Each Borrower shall have the right, at any time or from time to time, to prepay, on a pro rata basis
for all of the Banks, all or any part of the principal amount of the Revolving Loans then outstanding, as designated by such Borrower, plus interest accrued on the amount so prepaid to the date of such prepayment; and 

(ii)    Each Borrower shall have the right, at any time or from time to time, to prepay, for the benefit of
Agent (and any Bank that has purchased a participation in such Swing Loan), all or any part of the principal amount of the Swing Loans then outstanding, as designated by such Borrower, plus interest accrued on the amount so prepaid to the date of
such prepayment. 
 (b)    Prepayment Fees. 

(i)    Prepayments of Base Rate Loans shall be without any premium or penalty; 

  
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 (ii) In any case of prepayment (or, any assignment pursuant to
Section 2.07(b)(iii) or Section 3.09(ii)) of a Fixed Rate Loan (whether pursuant to Section 2.05(a), Section 2.07(b) or otherwise), Borrowers agree that if the reinvestment rate with respect to Eurodollars or the Alternate
Currency, as the case may be, of such Fixed Rate Loan, as quoted by the money desk of Agent (the “Reinvestment Rate”), shall be lower than the Adjusted LIBOR Rate applicable to the Fixed Rate Loan that is intended to be prepaid
(hereinafter, “Last LIBOR”), then the appropriate Borrower shall, upon written notice from Agent, promptly pay to Agent, for the account of each Bank, in immediately available funds, a prepayment fee equal to the product of (A) a rate
(the “Prepayment Rate”) which shall be equal to the difference between the Last LIBOR and the Reinvestment Rate, times (B) the prepayment principal amount of the Fixed Rate Loan that is to be prepaid, times (C) (1) the number of
days remaining in the Interest Period of the Fixed Rate Loan that is to be prepaid divided by (2) three hundred sixty (360) (or 365/366 days, as applicable, in the case of any Fixed Rate Loan denominated in Pounds Sterling) but no additional
premium or penalty shall apply. In addition, such Borrower shall immediately pay directly to Agent, for the account of the Banks, the amount of any additional costs or expenses (including, without limitation, cost of telex, wires, or cables)
incurred by Agent or the Banks in connection with the prepayment, upon such Borrower’s receipt of a written statement from Agent; and 

(iii)    In the case of prepayment of a Swing Loan, Nordson agrees to pay to Agent, on demand, for any
resulting loss, cost or expense of Agent as a result thereof, including, without limitation, any loss incurred in obtaining, liquidating or employing deposits. 

(c)    Notice of Prepayment. Borrowers shall give Agent written notice of prepayment of any Base Rate Loan by not
later than 11:00 A.M. (Cleveland, Ohio time) on the Business Day such prepayment is to be made and written notice of the prepayment of any Fixed Rate Loan not later than 1:00 P.M. (Cleveland, Ohio time) three (3) Business Days prior to the
Business Day on which such prepayment is to be made. 
 (d)    Minimum Amount. Each prepayment of a Fixed Rate
Loan by a Borrower shall be in the aggregate principal amount of not less than Five Million Dollars ($5,000,000) (or, with respect to an Alternate Currency Loan, the Dollar Equivalent of such amount), except in the case of a mandatory prepayment in
connection with Section 2.09(a) hereof or Article III hereof. 
 Section 2.06    Facility and Other
Fees. 
 (a) Nordson shall pay to Agent, for the ratable account of the Banks, as a consideration for each Bank’s Revolving
Commitment hereunder, a facility fee from the Closing Date to and including the last day of the Commitment Period, payable quarterly, at a rate per annum equal to (i) the Applicable Facility Fee Rate in effect on the date that such facility fee
is due, times (ii) the Total Commitment Amount in effect on such day. The facility fee shall be payable quarterly in arrears, on the last day of each September, December, March and June of each year, and on the last day of the Commitment
Period. 

  
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 (b)    Nordson shall pay to Agent, for its sole benefit, the fees set
forth in the Agent Fee Letter. 
 Section 2.07    Reduction and Increases of Commitment.  

(a)    Voluntary Reductions. Nordson may at any time or from time to time permanently reduce in whole or ratably in
part the Commitment to an amount not less than the then existing Revolving Exposure by giving Agent not fewer than three (3) Business Days’ notice of such reduction, provided that any such partial reduction shall be in an aggregate amount,
for all of the Banks, of not less than Ten Million Dollars ($10,000,000), increased by increments of One Million Dollars ($1,000,000). Agent shall promptly notify each Bank of the date of each such reduction and such Bank’s proportionate share
thereof. After each such reduction, the facility fees payable hereunder shall be calculated upon the Revolving Commitments as so reduced. If Nordson reduces in whole the Revolving Commitments, on the effective date of such reduction (the applicable
Borrowers having prepaid in full the unpaid principal balance, if any, of the Revolving Loans and the Swing Loans, together with all interest and facility and other fees accrued and unpaid), all of the Revolving Notes shall be delivered to Agent
marked “Canceled” and Agent shall redeliver such Revolving Notes to Borrowers. Any partial reduction in the Revolving Commitments shall be effective during the remainder of the Commitment Period. 

(b)    Increase in Commitment. 

(i)    At any time upon written notice to Agent, Nordson may request that the Total Commitment Amount be
increased by an amount not to exceed Five Hundred Million Dollars ($500,000,000) in the aggregate for all such increases from the Closing Date until the last day of the Commitment Period, provided that (A) no Default or Event of Default has
occurred and is continuing at the time of such request and on the date of any such increase and (B) Nordson shall have delivered to Agent, together with such written notice, a copy of Nordson’s duly adopted corporate resolutions, in form
and substance satisfactory to Agent, that authorize the borrowing of the requested increase in the Total Commitment Amount, which resolutions shall be certified by the Secretary of Nordson as being true, correct, complete and in full force and
effect. Upon receipt of any such request, Agent shall deliver a copy of such request to each Bank. Nordson shall set forth in such request the amount of the requested increase in the Total Commitment Amount (which in each case shall be in a minimum
amount of Twenty-Five Million Dollars ($25,000,000)) and the date on which such increase is requested to become effective (which shall be not less than 10 Business Days nor more than sixty (60) days after the date of such request and that, in
any event, must be at least ninety (90) days prior to the last day of the Commitment Period), and shall offer each Bank the opportunity to increase its Revolving Commitment. Each Bank shall, by notice to Nordson and Agent given not more than
ten (10) days after the date of Agent’s notice, either agree to increase its Revolving Commitment by all or a portion of the offered amount (each such Bank so agreeing being an “Increasing Bank”) or decline to increase its
Revolving Commitment (and any such Bank that does not deliver such a notice within such period of 10 days shall be deemed to have declined to increase its Revolving Commitment and each Bank so declining or being deemed to have declined being a “Non-Increasing Bank”). If, on the 

  
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10th day after Agent shall have delivered notice as set forth above, the Increasing Banks shall have agreed pursuant to the preceding sentence to increase their Revolving Commitments by an
aggregate amount less than the increase in the Total Commitment Amount requested by Nordson, Nordson may arrange for one or more banks or other entities that are reasonably acceptable to Agent (each such Person so agreeing being an “Augmenting
Bank”) so long as such Augmenting Bank shall have a Revolving Commitment of not less than Ten Million Dollars ($10,000,000), and Nordson and each Augmenting Bank shall execute all such documentation as Agent shall reasonably specify to evidence
its Revolving Commitment and/or its status as a Bank with a Revolving Commitment hereunder. Any increase in the Total Commitment Amount may be made in an amount that is less than the increase requested by Nordson if Nordson is unable to arrange for,
or chooses not to arrange for, Augmenting Banks, in the full amount. If Increasing Banks and/or Augmenting Banks offer Revolving Commitment increases or new Revolving Commitments, as the case may be, in excess of the aggregate increase amount
requested by Nordson, then Agent shall, in consultation with Nordson, determine each such Increasing Bank’s or Augmenting Bank’s percentage of the increased amount. 

(ii)    Any increase in the Total Commitment Amount pursuant to this Section 2.07(b) shall not serve
to increase the Foreign Borrower Borrowing Limit. 
 (iii)    Each of the parties hereto agrees that
Agent may, in consultation with Nordson, take any and all actions as may be reasonably necessary to ensure that after giving effect to any increase in the Total Commitment Amount pursuant to this Section, the outstanding Revolving Loans (if any) are
held by the Banks with Revolving Commitments in accordance with their new Commitment Percentages. This may be accomplished at the discretion of Agent: (w) by requiring the outstanding Loans to be prepaid with the proceeds of new Loans;
(x) by causing the Non-Increasing Banks to assign portions of their outstanding Loans to Increasing Banks and Augmenting Banks; (y) by permitting the Loans outstanding at the time of any increase in
the Total Commitment Amount pursuant to this Section 2.07(b) to remain outstanding until the last days of the respective Interest Periods therefor, even though the Banks would hold such Loans other than in accordance with their new Commitment
Percentages; or (z) by any combination of the foregoing. 
 Section 2.08    Computation of Interest and
Fees; Default Rate. With the exception of Base Rate Loans and Fixed Rate Loans denominated in Pounds Sterling, interest on Loans and facility and other fees and charges hereunder shall be computed on the basis of a year having three hundred
sixty (360) days and calculated for the actual number of days elapsed. With respect to Base Rate Loans and Fixed Rate Loans denominated in Pounds Sterling, interest shall be computed on the basis of a year having three hundred sixty-five
(365) days or three hundred sixty-six (366) days, as the case may be, and calculated for the actual number of days elapsed. Anything herein to the contrary notwithstanding, if an Event of Default
shall occur and be continuing hereunder, at the option of Agent or the Required Banks, the principal of each Loan, the unpaid interest thereon and any other amounts owing hereunder shall bear interest, until paid, at the Default Rate. In no event
shall the rate of interest hereunder exceed the maximum rate allowable by law. 

  
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 Section 2.09    Mandatory Payment. 

(a)    If, at any time, (i) the Revolving Exposure shall exceed the Total Commitment Amount or (ii) the aggregate
principal amount of Loans made to Foreign Borrowers exceeds the Foreign Borrower Borrowing Limit, then, in each case, the applicable Borrowers shall, as promptly as practicable, but in no event later than the next Business Day, prepay an aggregate
principal amount of Loans sufficient to bring the aggregate outstanding principal amount of all such Loans within the Total Commitment Amount or within the Foreign Borrower Borrowing Limit, as the case may be, provided that (x) if the
Dollar Equivalent of the amounts of outstanding Revolving Loans denominated in Alternate Currencies has increased as a result of fluctuations in the exchange rate applicable to the relevant Alternate Currency such that the Revolving Exposure exceeds
the Total Commitment as then in effect or (y) if the Dollar Equivalent of the aggregate principal amount of Loans made to Foreign Borrowers denominated in Alternate Currencies has increased as a result of fluctuations in the exchange rate
applicable to the relevant Alternate Currency such that such principal amount exceeds the Foreign Borrower Borrowing Limit as then in effect, as the case may be, then the applicable Borrowers shall not be obligated to make a prepayment or payover
under this Section 2.09(a) unless (1) the amount of Revolving Exposure is 105% or more of the Total Commitment (but any such required prepayment or payover shall be in the full amount of any such excess over 100% of the Total Commitment)
or (2) the aggregate principal amount of Loans made to Foreign Borrowers is 105% or more of the Foreign Borrower Borrowing Limit (but any such required prepayment or payover shall be in the full amount of any such excess over 100% of the
Foreign Borrower Borrowing Limit), as the case may be. 
 (b)    Any prepayment of a Fixed Rate Loan pursuant to this
Section 2.09 shall be subject to the prepayment fees set forth in Section 2.05 hereof and, if applicable, Article III hereof. 

Section 2.10    Defaulting Bank. 

(a)    Defaulting Bank Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any
Bank becomes a Defaulting Bank, then, until such time as such Bank is no longer a Defaulting Bank, to the extent permitted by applicable law: 

(i)    Waivers and Amendments. Such Defaulting Bank’s right to approve or disapprove any
amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definition of Required Bank. 

(ii)    Defaulting Bank Waterfall. Any payment of principal, interest, fees or other amounts
received by the Agent for the account of such Defaulting Bank (whether voluntary or mandatory, at maturity, pursuant to Article VII or otherwise) or received by the Agent from a Defaulting Bank pursuant to Section 8.04 shall be applied as
follows: first, to the payment of any amounts owing by such Defaulting Bank to the Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Bank to any Swing Line Bank hereunder; third,
as the Borrowers may request (so long as no Default or 

  
 35 

 
Event of Default exists), to the funding of any Loan in respect of which such Defaulting Bank has failed to fund its portion thereof as required by this Agreement, as determined by the Agent;
fourth, if so determined by the Agent and the Borrowers, to be held in a deposit account and released pro rata in order to satisfy such Defaulting Bank’s potential future funding obligations with respect to Loans under this Agreement;
fifth, to the payment of any amounts owing to the Banks or Swing Line Banks as a result of any final judgment of a court of competent jurisdiction obtained by any Bank or Swing Line Banks against such Defaulting Bank as a result of such
Defaulting Bank’s breach of its obligations under this Agreement; sixth, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrowers as a result of any final judgment of a court of competent
jurisdiction obtained by the Borrowers against such Defaulting Bank as a result of such Defaulting Bank’s breach of its obligations under this Agreement; and seventh, to such Defaulting Bank or as otherwise directed by a court of
competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans in respect of which such Defaulting Bank has not fully funded its appropriate share, and (y) such Loans were made at a time when
the conditions set forth in Section 2.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of all Non-Defaulting Banks on a pro rata basis prior to being applied to the
payment of any Loans of such Defaulting Bank until such time as all Loans and funded and unfunded participations Swing Loans are held by the Banks pro rata in accordance with the Commitments under the applicable Facility. Any payments, prepayments
or other amounts paid or payable to a Defaulting Bank that are applied (or held) to pay amounts owed by a Defaulting Bank pursuant to this Section 2.10(a)(ii) shall be deemed paid to and redirected by such Defaulting Bank, and each Bank
irrevocably consents hereto. 
 (iii)    Certain Fees. Each Defaulting Bank shall be entitled to
receive a Facility Fee for any period during which that Bank is a Defaulting Bank only to extent allocable to the sum of the outstanding principal amount of the Revolving Loans funded by it. 

(iv)    Reallocation of Participations to Reduce Fronting Exposure. All or any part of such
Defaulting Bank’s participation in Swing Loans shall be reallocated among the Non-Defaulting Banks in accordance with their respective Applicable Percentages (calculated without regard to such Defaulting
Bank’s Commitment) but only to the extent that (x) the conditions set forth in Section 2.02 are satisfied at the time of such reallocation (and, unless the Borrowers shall have otherwise notified the Agent at such time, the Borrowers
shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (y) such reallocation does not cause the aggregate Revolving Exposure of any Non-Defaulting Bank to
exceed such Non-Defaulting Bank’s Revolving Commitment. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Bank arising from that Bank
having become a Defaulting Bank, including any claim of a Non-Defaulting Bank as a result of such Non-Defaulting Bank’s increased exposure following such
reallocation. 

  
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 (v)    Repayment of Swing Loans. If the
reallocation described in clause (iv) above cannot, or can only partially, be effected, the Borrowers shall, without prejudice to any right or remedy available to it hereunder or under law, prepay Swing Loans in an amount by which the Swing
Line Banks’ Fronting Exposure is not so reallocated. 
 (b)    Defaulting Bank Cure. If the Borrowers, the
Agent and each Swing Line Bank agree in writing that a Bank is no longer a Defaulting Bank, the Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein such
Bank will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Banks or take such other actions as the Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Swing Loans
to be held pro rata by the Banks in accordance with the Commitments (without giving effect to Section 2.10(a)(iv), whereupon such Bank will cease to be a Defaulting Bank; provided that no adjustments will be made retroactively with respect to
fees accrued or payments made by or on behalf of the Borrowers while such Bank was a Defaulting Bank; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Bank to
Bank will constitute a waiver or release of any claim of any party hereunder arising from such Bank having been a Defaulting Bank. 

(c)    New Swing Loans. So long as any Bank is a Defaulting Bank, the Agent shall fund any Swing Loans up to its
Swing Line Commitment, provided that no Swing Line Bank shall incur aggregate credit exposure hereunder with respect to Loans and Swing Line Exposure in excess of its Commitment. 

(d)    Termination of Defaulting Bank. The Borrowers may terminate the unused amount of the Commitment of any Bank
that is a Defaulting Bank upon not less than five (5) Business Days’ prior notice to the Agent (which shall promptly notify the Banks thereof), and in such event the provisions of Section 2.10(a)(ii) will apply to all amounts
thereafter paid by the Borrowers for the account of such Defaulting Bank under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts); provided that (i) no Event of Default shall have occurred and be
continuing, and (ii) such termination shall not be deemed to be a waiver or release of any claim the Borrowers, the Agent, the Swing Line Bank or any Bank may have against such Defaulting Bank. 

ARTICLE III. 
 INCREASED CAPITAL;
TAXES, ETC. 
 Section 3.01    Increased Costs. 

(a)    Increased Costs Generally. If any Change in Law shall: 

(i)    impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or
similar requirement (on a net basis) against assets of, deposits with or for the account of, or credit extended or participated in by, any Bank (except any reserve requirement reflected in the Adjusted LIBOR Rate); 

  
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 (ii)    subject any Recipient to any Taxes (other than
(A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its
deposits, reserves, other liabilities or capital attributable thereto; 
 (iii)    impose on any Bank or
the London interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement or Loans made by such Bank or participation therein; 

and the result of any of the foregoing shall be to increase the cost to such Bank or such other Recipient of making, converting to, continuing or maintaining
any Loan or of maintaining its obligation to make any such Loan, or to increase the cost to such Bank, or such other Recipient of participating in, or to reduce the amount of any sum received or receivable by such Bank or other Recipient hereunder
(whether of principal, interest or any other amount) then, upon request of such Bank or other Recipient, the Borrower will pay to such Bank or other Recipient, as the case may be, such additional amount or amounts as will compensate such Bank or
other Recipient, as the case may be, for such additional costs incurred or reduction suffered. 
 (b)    Increased
Costs as a result of Mandatory Cost. If any Change in Law shall result in the failure of the Mandatory Cost, as calculated hereunder, to represent the cost to any Bank of complying with the requirements of the Bank of England and/or the
Financial Services Authority or the European Central Bank in relation to its making, funding or maintaining any Alternate Currency Loans, then, within fifteen (15) days after demand by such Bank (made within one hundred eighty (180) days
of such Bank becoming aware of the reason giving rise to such demand), the appropriate Borrower shall pay to such Bank from time to time on Interest Adjustment Dates with respect to such Fixed Rate Loan, as additional consideration hereunder,
additional amounts sufficient to fully compensate and indemnify such Bank for such increased cost or reduced amount, assuming (which assumption such Bank need not corroborate) such additional cost or reduced amount was allocable to such Fixed Rate
Loan. Each Bank shall designate a different lending office if such designation will avoid the need for, or reduce the amount of, such compensation and will not, in the judgment of such Bank, be otherwise disadvantageous to such Bank. 

(c)    Certificates for Reimbursement. A certificate of a Bank setting forth the amount or amounts necessary to
compensate such Bank or its holding company, as the case may be, as specified in paragraph (a) of this Section and delivered to the Borrower, shall be conclusive absent manifest error. The Borrower shall pay such Bank, the amount shown as due
on any such certificate within 10 days after receipt thereof. 

  
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 (d)    Delay in Requests. Failure or delay on the part of any
Bank to demand compensation pursuant to this Section shall not constitute a waiver of such Bank’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Bank pursuant to this Section for any
increased costs incurred or reductions suffered more than nine months prior to the date that such Bank notifies the Borrower of the Change in Law giving rise to such increased costs or reductions, and of such Bank’s intention to claim
compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect thereof). 

Section 3.02    Tax Law, Etc. 

(a)    Payments Free of Taxes. Any and all payments by or on account of any obligation of the Borrowers under any
Loan Document shall be made without deduction or withholding for any Taxes, except as required by applicable law. If any applicable law (as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or
withholding of any Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental
Authority in accordance with applicable law and, if such Tax is an Indemnified Tax, then the sum payable by the Borrowers shall be increased as necessary so that after such deduction or withholding has been made (including such deductions and
withholdings applicable to additional sums payable under this Section) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made. 

(b)    Payment of Other Taxes by the Borrower. The Borrowers shall timely pay to the relevant Governmental
Authority in accordance with applicable law, or at the option of the Agent timely reimburse it for the payment of, any Other Taxes. 

(c)    Indemnification by the Borrower. The Borrowers shall jointly and severally indemnify each Recipient, within 10 days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable
under this Section) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly
or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Bank (with a copy to the Agent), or by the Agent on its own behalf or on behalf of a
Bank, shall be conclusive absent manifest error. 
 (d)    Indemnification by the Banks. Each Bank shall
severally indemnify the Agent, within 10 days after demand therefor, for (i) any Indemnified Taxes attributable to such Bank (but only to the extent that the Borrowers have not already indemnified the Agent for such Indemnified Taxes and
without limiting the obligation of the Borrowers to do so), (ii) any Taxes attributable to such Bank’s failure to comply with the provisions of Section 10.10 relating to the maintenance of a Participant Register and (iii) any Excluded
Taxes attributable to such Bank, in each case, that are payable or paid by the Agent in connection with any Loan Document, and any 

  
 39 

 
reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to
the amount of such payment or liability delivered to any Bank by the Agent shall be conclusive absent manifest error. Each Bank hereby authorizes the Agent to set off and apply any and all amounts at any time owing to such Bank under any Loan
Document or otherwise payable by the Agent to the Bank from any other source against any amount due to the Agent under this paragraph (d). 

(e)    Evidence of Payments. As soon as practicable after any payment of Taxes by the Borrowers to a Governmental
Authority pursuant to this Section 3.03, the Borrowers shall deliver to the Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other
evidence of such payment reasonably satisfactory to the Agent. 
 (f)    Status of Banks. (i) Any Bank that
is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Borrowers and the Agent, at the time or times reasonably requested by the Borrowers or the Agent, such
properly completed and executed documentation reasonably requested by the Borrowers or the Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Bank, if reasonably requested by the
Borrowers or the Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrowers or the Agent as will enable the Borrowers or the Agent to determine whether or not such Bank is subject to backup
withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in
Section 3.03(f), (ii)(A), (ii)(B) and (ii)(D) below) shall not be required if in the Bank’s reasonable judgment such completion, execution or submission would subject such Bank to any material unreimbursed cost or expense or would
materially prejudice the legal or commercial position of such Bank. 
 (ii) Without limiting the generality of the foregoing, in the event
that the Borrower is a U.S. Borrower, 
 (A) any Bank that is a U.S. Person shall deliver to the Borrowers and the Agent on or prior to the
date on which such Bank becomes a Bank under this Agreement (and from time to time thereafter upon the reasonable request of the Borrowers or the Agent), executed originals of IRS Form W-9 certifying that such
Bank is exempt from U.S. federal backup withholding tax; 
 (B) any Foreign Bank shall, to the extent it is legally entitled to do so,
deliver to the Borrowers and the Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Bank becomes a Bank under this Agreement (and from time to time thereafter upon the reasonable
request of the Borrowers or the Agent), whichever of the following is applicable: 
 (i) in the case of a Foreign Bank
claiming the benefits of an income tax 

  
 40 

 
treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, executed originals of IRS Form W-8BEN
establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 

(ii) executed originals of IRS Form W-8ECI; 

(iii) in the case of a Foreign Bank claiming the benefits of the exemption for portfolio interest under Section 881(c) of
the Code, (x) a certificate substantially in the form of Exhibit G-1 to the effect that such Foreign Bank is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a
“10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance
Certificate”) and (y) executed originals of IRS Form W-8BEN; or 
 (iv)
to the extent a Foreign Bank is not the beneficial owner, executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form
W-8BEN, a U.S. Tax Compliance Certificate substantially in the form of Exhibit G-2 or Exhibit G-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Bank is a partnership and one or more direct or indirect partners of such Foreign Bank are
claiming the portfolio interest exemption, such Foreign Bank may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit G-4 on behalf of each such direct and indirect partner;

 (C) any Foreign Bank shall, to the extent it is legally entitled to do so, deliver to the Borrowers and the Agent (in such number of
copies as shall be requested by the recipient) on or prior to the date on which such Foreign Bank becomes a Bank under this Agreement (and from time to time thereafter upon the reasonable request of the Borrowers or the Agent), executed originals of
any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the
Borrowers or the Agent to determine the withholding or deduction required to be made; and 
 (D) if a payment made to a Bank under any Loan
Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Bank were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as
applicable), such Bank shall deliver to the Borrowers and the Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrowers or the Agent such documentation prescribed by applicable law (including as
prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrowers or the Agent as may be necessary for the Borrowers and 

  
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the Agent to comply with their obligations under FATCA and to determine that such Bank has complied with such Bank’s obligations under FATCA or to determine the amount to deduct and withhold
from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

Each Bank agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall
update such form or certification or promptly notify the Borrowers and the Agent in writing of its legal inability to do so. 

(g)    Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that
it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section 3.03 (including by the payment of additional amounts pursuant to this Section 3.03), it shall pay to the indemnifying party an amount equal
to such refund (but only to the extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket
expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall
repay to such indemnified party the amount paid over pursuant to this paragraph (h) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such
refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (g), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (g) the payment of
which would place the indemnified party in a less favorable net after-Tax position than the indemnified party would have been in if the indemnification payments or additional amounts giving rise to such refund
had never been paid. This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person.

 (h)    Survival. Each party’s obligations under this Section 3.02, Sections 3.01, 3.04 and 3.07
shall survive the resignation or replacement of the Agent or any assignment of rights by, or the replacement of, a Bank, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations under any Loan Document. 

Section 3.03    Eurodollar or Alternate Currency Deposits Unavailable or Interest Rate Unascertainable. 

(a)    In respect of any Fixed Rate Loan, in the event that Agent shall have determined that (a) for Eurodollar Loans,
that Dollar deposits or (b) for Alternate Currency Loans, that deposits of the relevant Alternate Currency, of the relevant amount for the relevant Interest Period for such Fixed Rate Loan are not available to Agent in the applicable Eurodollar
or Alternate Currency market, as the case may be, or that, by reason of circumstances affecting such market, adequate and reasonable means do not exist for ascertaining the applicable LIBOR Rate applicable to such Interest Period, as the case may
be, Agent shall promptly give notice of such determination to Borrowers and (a) any notice of a new Eurodollar Loan or Alternate Currency Loan, as the case may be, (or conversion of an existing Base Rate Loan to a Eurodollar Loan)

  
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previously given by any Borrower and not yet borrowed (or converted, as the case may be) shall be deemed a notice to make a Base Rate Loan, and (b) the appropriate Borrower shall be
obligated either to prepay, or with respect to a Eurodollar Loan, to convert to a Base Rate Loan, any outstanding Fixed Rate Loan on the last day of the then current Interest Period with respect thereto. 

(b)    If Agent determines (which determination shall be final and conclusive, absent manifest error) that either
(i) (x) the circumstances set forth in Section 3.03(a) have arisen and are unlikely to be temporary, or (y) the circumstances set forth in Section 3.03(a) have not arisen but the applicable supervisor or administrator (if any) of
the LIBOR Rate or a Governmental Authority having jurisdiction over Agent has made a public statement identifying the specific date after which the LIBOR Rate shall no longer be used for determining interest rates for loans (either such date, a
“LIBOR Termination Date”), or (ii) a rate other than the LIBOR Rate has become a widely recognized benchmark rate for newly originated loans in Dollars in the U.S. market, then Agent may (in consultation with the Borrowers)
choose a replacement index for the LIBOR Rate and make adjustments to applicable margins and related amendments to this Agreement as referred to below such that, to the extent practicable, the all-in interest
rate based on the replacement index will be substantially equivalent to the all-in LIBOR Rate-based interest rate in effect prior to its replacement. Agent and the Borrowers shall enter into a mutually
agreeable amendment to this Agreement to reflect the replacement index, the adjusted margins and such other related amendments as may be appropriate, in the reasonable discretion of Agent, for the implementation and administration of the replacement
index-based rate, but no other substantive matters unless agreed to by Borrowers, Agent and the requisite Lenders. Notwithstanding anything to the contrary in this Agreement or the other Loan Documents (including, without limitation,
Section 10.03), such amendment shall become effective without any further action or consent of any other party to this Agreement at 5:00 p.m. (Cleveland, Ohio time) on the tenth (10th) Business Day after the date a draft of the amendment is
provided to the Banks, unless Agent receives, on or before such tenth (10th) Business Day, a written notice from the Required Banks stating that such Banks object to such amendment. Selection of the replacement index, adjustments to the
applicable margins, and amendments to this Agreement (i) will be determined with due consideration to the then-current market practices for determining and implementing a rate of interest for newly originated loans in the United States and
loans converted from a LIBOR Rate-based rate to a replacement index-based rate, and (ii) may also reflect adjustments to account for (x) the effects of the transition from the LIBOR Rate to the replacement index and (y) yield- or
risk-based differences between the LIBOR Rate and the replacement index. Until an amendment reflecting a new replacement index in accordance with this Section 3.03(b) is effective, each advance, conversion and renewal of an Eurodollar Loan
will continue to bear interest with reference to the LIBOR Rate; provided however, that if Agent determines (which determination shall be final and conclusive, absent manifest error) that a LIBOR Termination Date has occurred, then following the
LIBOR Termination Date, all Eurodollar Loans shall automatically be converted to the Base Rate Loans until such time as an amendment reflecting a replacement index and related matters as described above is implemented. Notwithstanding anything
to the contrary contained herein, if at any time the replacement index is less than zero, at such times, such index shall be deemed to be zero for purposes of this Agreement. 

  
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 Section 3.04    Indemnity. Without prejudice to any other
provisions of this Article III, each Borrower hereby agrees to indemnify each Bank against any loss or expense that such Bank may sustain or incur as a consequence of any default by such Borrower in payment when due of any amount hereunder in
respect of any Fixed Rate Loan, including, but not limited to, any loss of profit, premium or penalty incurred by such Bank in respect of funds borrowed by it for the purpose of making or maintaining such Fixed Rate Loan, as determined by such Bank
in the exercise of its sole but reasonable discretion. A certificate as to any such loss or expense shall be promptly submitted by such Bank to the appropriate Borrower and shall, in the absence of manifest error, be conclusive and binding as to the
amount thereof. 
 Section 3.05    Changes in Law Rendering Fixed Rate Loans Unlawful. If at any time any
Change in Law shall make it unlawful for any Bank to fund any Fixed Rate Loan that it is committed to make hereunder in any Alternate Currency or Dollars, as the case may be, the commitment of such Bank to fund such Fixed Rate Loan shall, upon the
happening of such event, forthwith be suspended for the duration of such illegality, and such Bank shall by written notice to Borrowers and Agent declare that its commitment with respect to such Fixed Rate Loan has been so suspended and, if and when
such illegality ceases to exist, such suspension shall cease and such Bank shall similarly notify Borrowers and Agent. If any such change shall make it unlawful for any Bank to continue in effect the funding in the applicable Eurodollar or Alternate
Currency market, as the case may be, of any Fixed Rate Loan previously made by it hereunder, such Bank shall, upon the happening of such event, notify Borrowers, Agent and the other Banks thereof in writing stating the reasons therefor, and the
appropriate Borrower shall, on the earlier of (a) the last day of the then current Interest Period or (b) if required by such law, regulation or interpretation, on such date as shall be specified in such notice, either convert such Fixed
Rate Loan (if a Eurodollar Loan) to a Base Rate Loan or prepay such Fixed Rate Loan to the Banks in full. Any such prepayment or conversion shall be subject to the prepayment fees described in Section 2.05 hereof. In addition, if, in any
applicable jurisdiction, Agent or any Bank determines that any law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for Agent or any Bank to (i) perform any of its obligations hereunder or under any
other Loan Document, (ii) to fund or maintain its participation in any Loan or (iii) issue, make, maintain, fund or charge interest with respect to any Loan to any Foreign Borrower who such Person shall promptly notify Agent, then, upon
Agent notifying Borrowers, and until such notice by such Person is revoked, any obligation of such Person to issue, make, maintain, fund or charge interest with respect to any such Loan shall be suspended, and to the extent required by applicable
law, cancelled. Upon receipt of such notice, the Borrowers shall (A) repay that Person’s participation in the Loans or other applicable Debt on the last day of the Interest Period for each Loan or other Debt occurring after Agent has
notified Borrowers or, if earlier, the date specified by such Person in the notice delivered to Agent (being no earlier than the last day of any applicable grace period permitted by applicable law) and (B) take all reasonable actions requested
by such Person to mitigate or avoid such illegality. 
 Section 3.06    Funding. Each Bank may, but shall
not be required to, make Fixed Rate Loans hereunder with funds obtained outside the United States or, in connection with any Loans to be made to any Foreign Borrower, such Loans may be made through a branch or affiliate of any Bank. 

  
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 Section 3.07    Capital Adequacy and Liquidity. If any Bank
shall have determined, after the Closing Date, that a Change in Law affecting such Bank or any lending office of such Bank, if any, regarding capital adequacy or liquidity requirements (whether or not having the force of law), has or will have the
effect of reducing the rate of return on such Bank’s capital as a consequence of its obligations hereunder to a level below that which such Bank could have achieved but for such Change in Law (taking into consideration such Bank’s policies
or the policies of its holding company with respect to capital adequacy) by an amount deemed by such Bank to be material, then from time to time, within fifteen (15) days after demand by such Bank (made within one hundred eighty (180) days
of such Bank becoming aware of the reason giving rise to such demand), with a copy to Agent, the applicable Borrower shall pay to such Bank such additional amount or amounts as shall compensate such Bank for such reduction. Each Bank shall designate
a different lending office if such designation will avoid the need for, or reduce the amount of, such compensation and will not, in the judgment of such Bank, be otherwise disadvantageous to such Bank. A certificate of any Bank claiming compensation
under this Section and setting forth the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error. In determining such amount, such Bank may use any reasonable averaging and attribution methods.
Failure on the part of any Bank to demand compensation for any reduction in return on capital with respect to any period shall not constitute a waiver of such Bank’s rights to demand compensation for any reduction in return on capital in such
period or in any other period. The protection of this Section shall be available to each Bank regardless of any possible contention of the invalidity or inapplicability of the law, regulation or other condition that shall have been imposed. 

Section 3.08    Application of Provisions. Notwithstanding anything in this Agreement to the contrary, no Bank
shall demand compensation for any reduction referred to in Sections 3.01, 3.02, 3.03 or 3.07 hereof if it shall not at the time be the general policy or practice of such Bank to demand such compensation, payment or reimbursement in similar
circumstances under comparable provisions of other credit or loan agreements. 
 Section 3.09    Replacement of
Banks. If any Bank requests compensation under Section 3.01 or Section 3.07, if any Bank requests repayment under Section 3.05, or if the Borrower is required to pay any Indemnified Taxes or additional amounts to any Bank or any
Governmental Authority for the account of any Bank pursuant to Section 3.03 and, in each case, such Bank has declined or is unable to designate a different lending office in accordance with Section 3.01(b) or 3.07, if any Bank is a
Defaulting Bank or a Non-Consenting Bank or if such Bank fails to revoke its request for repayment under Section 3.05, then the Borrowers may, at their sole expense and effort, upon notice to such Bank
and the Agent, require such Bank to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 10.08), all of its interests, rights (other than its existing rights
to payments pursuant to Section 3.01, Section 3.05, Section 3.07 or Section 3.02) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may
be another Bank, if a Bank accepts such assignment); provided that: 
 (i)    the Borrowers shall
have paid to the Agent the assignment fee (if any) specified in Section 10.10; 

  
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 (ii)    such Bank shall have received payment of an
amount equal to the outstanding principal of its Loans accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.04) from the assignee (to the
extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts); 

(iii)    in the case of any such assignment resulting from a claim for compensation under
Section 3.01, Section 3.07 or payments required to be made pursuant to Section 3.02 or Section 3.05, such assignment will result in a reduction in such compensation or payments thereafter; 

(iv)    such assignment does not conflict with applicable law; and 

(v)    in the case of any assignment resulting from a Bank becoming a
Non-Consenting Bank, the applicable assignee shall have consented to the applicable amendment, waiver or consent. 

A Bank shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Bank or otherwise, the circumstances
entitling the Borrowers to require such assignment and delegation cease to apply. 
 ARTICLE IV. 

CONDITIONS PRECEDENT 
 The
obligation of the Banks to make the first Loan, and of Agent to make the first Swing Loan, is subject to Nordson, and each Foreign Borrower in existence on the Closing Date, satisfying each of the following conditions: 

Section 4.01    Loan Documents. Each Borrower shall have executed and delivered to (i) Agent, this
Agreement and the Swing Line Note and (ii) each Bank, its Revolving Note. 

Section 4.02    Officer’s Certificate, Resolutions, Organizational Documents. Each Borrower
shall have delivered to each Bank an officer’s certificate certifying the names of the officers of such Borrower authorized to sign the Loan Documents, together with the true signatures of such officers and certified copies of (a) the
resolutions of the board of directors of such Borrower evidencing authorization of the transactions contemplated by the Loan Documents, and (b) the Organizational Documents of such Borrower. 

Section 4.03    Legal Opinion. Borrowers shall have delivered to Agent an opinion of counsel for each
Borrower, in form and substance satisfactory to Agent and the Required Banks. 
 Section 4.04    Good Standing
Certificate. Nordson shall have delivered to Agent a good standing certificate, issued on or about the Closing Date by the Secretary of State of Ohio. 

  
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 Section 4.05    Agent Fee Letter; Legal Fees. Borrowers
shall have (a) paid to Agent, for its sole benefit, the fees described in the Agent Fee Letter, (b) paid to Agent, for the account of the Banks, the fees agreed to by Nordson and the Banks, (c) paid to Agent, for the account of the Co-Syndication Agents, the fees agreed to by Nordson, (d) paid to Agent, for the account of the Co-Documentation Agents, the fees agreed to by Nordson and (e) paid
all legal fees and expenses of Agent in connection with the preparation and negotiation of the Loan Documents. 

Section 4.06    Closing Certificate. Borrowers shall have delivered to Agent and the Banks an officer’s
certificate certifying that, as of the Closing Date, (a) all conditions precedent set forth in this Article IV have been satisfied, (b) no Default or Event of Default exists nor immediately after the making of the first Loan will exist,
and (c) each of the representations and warranties contained in Article VI hereof are true and correct as of the Closing Date. 

Section 4.07    Certificate of Beneficial Ownership. Each Borrower shall have executed and delivered to the
Agent and the Banks an executed Certificate of Beneficial Ownership and such other documentation and other information requested in connection with applicable “know your customer” and anti-money laundering rules and regulations, including
the USA Patriot Act. 
 Section 4.08    No Material Adverse Change. No material adverse change, in the
opinion of the Agent, shall have occurred in the financial condition or operations of the Companies since October 31, 2018. 

Section 4.09    Miscellaneous. Borrowers shall have provided to Agent and the Banks such other items and shall
have satisfied such other conditions as may be reasonably required by Agent or the Banks. 
 ARTICLE V. 

COVENANTS 
 Nordson agrees that,
so long as the Commitment remains in effect and thereafter until all of the Debt shall have been paid in full, Nordson shall perform and observe, and shall cause each other Company to perform and observe, each of the following provisions: 

Section 5.01    Financial Statements. Nordson covenants that it will deliver to each Bank: 

(a) within forty-five (45) days after the end of each of the first three (3) quarter-annual periods of each fiscal year of Nordson,
balance sheets of Nordson as of the end of such period and statements of income (loss), stockholders’ equity and cash flow for the quarter and fiscal year to date periods, all prepared on a Consolidated basis, in accordance with GAAP and in
form and detail satisfactory to the Required Banks and certified by a Financial Officer of Nordson; 

  
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 (b) within ninety (90) days after the end of each fiscal year of Nordson, (i) an
annual audit report of Nordson for that year prepared on a Consolidated and consolidating (but only as to Nordson and its Subsidiaries) basis, in accordance with GAAP, and in form and detail satisfactory to the Required Banks and certified by an
independent public accountant satisfactory to the Required Banks, which report shall include balance sheets and statements of income (loss), stockholders’ equity and cash-flow for that period, provided that delivery of Nordson’s annual
report for any fiscal year of Nordson on Form 10-K as filed with the SEC shall satisfy the requirements of this subpart (b)(i), and (ii) a certificate by such accountant setting forth the Defaults and
Events of Default coming to its attention during the course of its audit or, if none, a statement to that effect; 

(c)    concurrently with the delivery of the financial statements in (a) and (b) above, a Compliance Certificate;

 (d)    as soon as available, copies of all notices, reports, definitive proxy statements and other documents that are
publicly available and sent by Nordson to its shareholders, to the holders of any of its debentures or bonds or the trustee of any indenture securing the same or pursuant to which they are issued, or sent by Nordson (in final form) to any securities
exchange or over the counter authority or system, or to the SEC or any similar federal agency having regulatory jurisdiction over the issuance of Nordson’s securities; provided that publication of any of the foregoing items with the SEC shall
satisfy the requirements of this subpart (d); and 
 (e)    within ten (10) days of the written request of Agent or
any Bank (with such request being made through Agent), such other information about the financial condition, properties and operations of any Company as Agent may from time to time reasonably request (but subject to any applicable law and, upon
request of Nordson, subject to customary confidentiality provisions), which information shall be submitted in form and detail satisfactory to Agent and certified by a Financial Officer of the Company or Companies in question. 

Documents required to be delivered pursuant to Section 5.01(a) or (b) (to the extent that any such documents are included in materials otherwise filed
with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which Nordson posts such documents, or provides a link thereto on Nordson’s website on the Internet at the website
address; or (ii) on which such documents are posted on Nordson’s behalf on an Internet website, if any, to which each Bank and the Agent have access (whether a commercial, third-party website or whether sponsored by the Agent); provided
that: (i) Nordson shall deliver paper copies of such documents to the Agent or any Bank that requests Nordson to deliver such paper copies until a written request to cease delivering paper copies is given by the Agent or such Bank and
(ii) Nordson shall notify the Agent and each Bank (by telecopier or electronic mail) of the posting of any such documents and provide to the Agent by electronic mail electronic versions (i.e., soft copies) of such documents. 

Section 5.02    Franchises. Nordson will and shall cause each of its Subsidiaries to preserve and maintain at
all times its existence, rights and franchises, except as otherwise permitted pursuant to Section 5.07 hereof; provided that Nordson shall not be required to preserve or maintain such rights or franchises where the failure to do so will not
have a Material Adverse Effect. 

  
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 Section 5.03    ERISA Compliance. None of Nordson or its
Subsidiaries shall incur any material accumulated funding deficiency within the meaning of ERISA, or any material liability to the PBGC, established thereunder in connection with any ERISA Plan. Nordson shall promptly notify each Agent of any
material taxes assessed, proposed to be assessed or that Nordson has reason to believe may be assessed against Nordson or any of its Subsidiaries by the Internal Revenue Service with respect to any ERISA Plan. As used in this Section
“material” means the measure of a matter of significance that shall be determined as being an amount equal to five percent (5%) of the Consolidated Total Assets of Nordson. 

Section 5.04    Financial Covenants. 

(a)    Leverage Ratio. Nordson covenants that it shall not suffer or permit the Leverage Ratio to exceed (i) during
any Leverage Step-Up Period, 4.00 to 1.00 and (ii) at all other times, 3.75 to 1.00. 

(b)    Interest Coverage Ratio. Nordson covenants that it shall not suffer or permit the Interest Coverage Ratio to be
less than 2.50 to 1.00. 
 Section 5.05    Priority Indebtedness. Nordson covenants that it will not and
shall not permit any of its Subsidiaries to create, incur or have outstanding Priority Indebtedness in an amount in excess of twenty percent (20%) of Consolidated Total Assets. 

Section 5.06    Liens. Nordson covenants and warrants that it will not, and will not permit any Subsidiary to
create, assume or suffer to exist any Lien upon any of its property or assets, whether now owned or hereafter acquired; provided that this Section 5.06 shall not apply to the following: 

(a)    Liens for taxes not yet due or that are being actively contested in good faith by appropriate
proceedings and for which adequate reserves have been established in accordance with GAAP; 

(b)    other statutory Liens incidental to the conduct of its business or the ownership of its property and
assets that (a) were not incurred in connection with the borrowing of money or the obtaining of advances or credit, and (b) do not in the aggregate materially detract from the value of its property or assets or materially impair the use
thereof in the operation of its business 
 (c)    easements or other minor defects or irregularities in
title of real property not interfering in any material respect with the use of such property in the business of Nordson or any of its Subsidiaries; 

(d)    any Lien granted to Agent, for the benefit of the Banks; 

(e)    Liens on fixed assets securing the loans or capital leases provided that such Lien only attaches to
the property being acquired or leased plus any such Liens existing on the date hereof; 

  
 49 

 (f)    Liens on the Receivables Related Assets in
connection with the Permitted Receivables Facility securing the obligations under the Permitted Receivables Facility; and 

(g)    any other Liens, to the extent not otherwise permitted pursuant to clauses (a) through
(f) hereof, so long as the aggregate then outstanding amount of Priority Indebtedness secured by such Liens does not exceed at any time, for Nordson and all Subsidiaries, an amount equal to twenty percent (20%) of Consolidated Total Assets.

 Section 5.07    Merger and Sale of Assets. Nordson covenants that it will not, and will not permit any
Subsidiary to, merge or consolidate with any other Person, or sell, lease or transfer or otherwise dispose of any assets (including by means of statutory division) to any Person other than in the ordinary course of business, except that, if no
Default or Event of Default shall then exist or immediately thereafter shall begin to exist: 

(a)    any Subsidiary (other than the Receivables Subsidiary) may merge with (a) Nordson (provided
that Nordson shall be the continuing or surviving Person), or (b) any other Subsidiary (other than the Receivables Subsidiary); 

(b)    Nordson may sell, lease, transfer or otherwise dispose of any of its assets (including by means of
statutory division) to any Subsidiary (other than the Receivables Subsidiary) and any Subsidiary (other than the Receivables Subsidiary) may sell, lease, transfer or otherwise dispose of any of its assets (including by means of statutory division)
to (a) Nordson, or (b) any Subsidiary (other than the Receivables Subsidiary); 
 (c)    in
addition to any sale, lease, transfer, statutory division or other disposition permitted pursuant to clauses (a) and (b) above, Nordson and any Subsidiary may sell accounts receivables and related rights to the Receivables Subsidiary in
connection with the Permitted Receivables Facility; 
 (d)    any merger or consolidation that
constitutes an Acquisition consummated by Nordson or any Subsidiary (other than the Receivables Subsidiary); provided that (i) if such Acquisition is a merger or consolidation with Nordson, Nordson shall be the surviving entity and if such
Acquisition is a merger or consolidation with a Subsidiary, then the surviving entity shall be a Subsidiary on the consummation thereof; (ii) the Board of Directors (or equivalent governing body) of the Person acquired shall have approved such
Acquisition; and (iii) no Default or Event of Default shall then exist or immediately thereafter shall begin to exist; and 

(e)    in addition to any sale, lease, transfer, statutory division or other disposition permitted pursuant
to clauses (a) through (d) above, Nordson or any Subsidiary (other than the Receivables Subsidiary) may sell, lease, transfer or otherwise dispose of any of its assets (including by means of statutory division) to any Person so long as the
aggregate amount of all such assets sold, leased, transferred, divided or otherwise disposed of by Nordson and all of its Subsidiaries does not exceed an amount equal to eleven percent (11.0%) of Consolidated Total Assets during any two consecutive
fiscal years of Nordson. 

  
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 Section 5.08    Regulations U and X. No Company shall take
any actions that would result in any non-compliance of the Loans with Regulations U and X, or any other applicable regulation, of the Board of Governors of the Federal Reserve System. 

Section 5.09    Notice. Nordson covenants that it will promptly notify the Agent and the Banks whenever, to
the knowledge of a Financial Officer (a) any Default or Event of Default has occurred or is likely to occur hereunder, or (b) any default, or event with which the passage of time or the giving of notice, or both, would cause a default,
shall have occurred under any Material Indebtedness Agreement (including, without limitation, the Note Purchase Agreements so long as each is a Material Indebtedness Agreement). 

Section 5.10    Use of Proceeds. Nordson’s use of the proceeds of the Loans shall be solely for working
capital and other general corporate purposes of Nordson and its Subsidiaries and for Acquisitions permitted pursuant to this Agreement. Nordson covenants that it will not request any borrowing, and Nordson shall not use, and shall procure that its
Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any borrowing (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or
anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or
(C) in any manner that would result in the violation of any Sanctions applicable to any party hereto. 

Section 5.11    Guaranties of Payment; Guaranty Under Material Indebtedness Agreement. Nordson covenants that
it will not permit any Subsidiary to become a Guarantor in respect of any Indebtedness under a Material Indebtedness Agreement (including, without limitation, the Note Purchase Agreements, so long as each is a Material Indebtedness Agreement)
unless, prior to or concurrently therewith (i) Nordson shall have caused each such Subsidiary to execute and deliver to the Agent and the Banks a Guaranty of Payment, in form and substance substantially similar to form of guaranty furnished
under such Material Indebtedness Agreement and otherwise completed in a manner satisfactory to the Agent, accompanied by a certificate of the Secretary or Assistant Secretary of such Subsidiary certifying such Subsidiary’s charter and by-laws (or comparable governing documents), resolutions of the board of directors (or comparable governing body) of such Subsidiary authorizing the execution and delivery of such Guaranty Agreement and incumbency
and specimen signatures of the officers of such Subsidiary executing such documents and (ii) if any holder of any Indebtedness under the Material Indebtedness Agreement shall be or become a party to an intercreditor agreement with any other
holder of any Indebtedness under any other Material Indebtedness Agreement, then all holders of Indebtedness under any other Material Indebtedness Agreement with respect to which any Subsidiary is a Guarantor shall have entered into an intercreditor
agreement in form and substance customary and appropriate for such agreement and otherwise reasonably satisfactory to the Agent. 

Section 5.12    Pari Passu Ranking. Nordson covenants that its obligations under this Agreement shall, and
that it will, and will cause each Subsidiary to, take all necessary action to ensure that the obligations of Nordson under this Agreement shall, at all times rank at least pari passu in right of payment (to the fullest extent permitted by law) with
all other senior unsecured Indebtedness of Nordson and its Subsidiaries. 

  
 51 

 Section 5.13    Terrorism Sanctions Regulations and Compliance
with Laws. Nordson covenants that it will not, and will not permit any Subsidiary to, (i) become a Person described or designated in the Specially Designated Nationals and Blocked Persons List of the Office of Foreign Assets Control or in
Section 1 of the Anti Terrorism Order or (ii) be in violation of any law, regulation, or list of any government agency (including, without limitation, the U.S. Office of Foreign Asset Control list, Executive Order No. 13224 or the USA
Patriot Act) that prohibits or limits the conduct of business with or the receiving of funds, goods or services to or for the benefit of certain Persons specified therein or that prohibits or limits any Bank from making Loans hereunder to any
Borrower or from otherwise conducting business with Nordson or any Subsidiaries. Nordson covenants that it will maintain in effect and enforce policies and procedures designed to ensure compliance by Nordson, its Subsidiaries and their respective
directors, officers, employees and agents with applicable Anti-Corruption Laws and applicable Sanctions. 

Section 5.14    Beneficial Ownership. Nordson covenants to provide to the Agent (i) confirmation of the
accuracy of the information set forth in the most recent Certificate of Beneficial Ownership provided to the Agent and the Banks, (ii) a new Certificate of Beneficial Ownership with respect to each Borrower, when the individual(s) to be
identified as a Beneficial Owner have changed, and (iii) such other information and documentation as may reasonably be requested by the Agent or any Bank from time to time for purposes of compliance by the Agent or such Bank with applicable
laws (including without limitation the Act and other “know your customer” and anti-money laundering rules and regulations), and any policy or procedure implemented by the Agent or such Bank to comply therewith. 

ARTICLE VI. 
 REPRESENTATIONS AND
WARRANTIES 
 Nordson and each other Borrower solely as to itself represents and warrants that the statements set forth in this Article VI
are true, correct and complete. 
 Section 6.01    Organization; Subsidiary Preferred Equity. Nordson is a
corporation duly organized and existing in good standing under the laws of the State of Ohio, and each Subsidiary is duly organized and existing in good standing under the laws of the jurisdiction in which it is organized. Nordson and each of its
Subsidiaries have duly qualified or been duly licensed, and are authorized to do business and are in good standing, in each jurisdiction in which the ownership of their respective properties or the nature of their respective businesses makes such
qualification or licensing necessary and in which the failure to be so qualified or licensed could be reasonably likely to have a Material Adverse Effect. No Subsidiary has any outstanding shares of any class of capital stock or other equity
interests which has priority over any other class of capital stock or other equity interests of such Subsidiary as to dividends or distributions or in liquidation except as may be owned beneficially and of record by Nordson or a Wholly-Owned
Subsidiary. Each Subsidiary’s legal name and its state or jurisdiction of organization has been set forth in Nordson’s most recent annual report on Form 10-K (excluding for any Subsidiary organized
or no longer in existence since the date thereof). As of the date of this Agreement, no Subsidiary is a Guarantor with respect to any Indebtedness under any Material Indebtedness Agreement. 

  
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 Section 6.02    Power and Authority. Nordson and each
Subsidiary has all requisite corporate, limited liability company or partnership, as the case may be, power to own or hold under lease and operate their respective properties which it purports to own or hold under lease and to conduct its business
as currently conducted and as currently proposed to be conducted. Nordson has all requisite corporate power to execute, deliver and perform its obligations under this Agreement and other Loan Documents. The execution, delivery and performance of
this Agreement and the other Loan Documents has been duly authorized by all requisite corporate action, and this Agreement and the other Loan Documents have been duly executed and delivered by authorized officers of Nordson and are valid obligations
of Nordson, legally binding upon and enforceable against Nordson in accordance with their terms, except as such enforceability may be limited by (i) bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of
creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). The execution, delivery and performance of the Loan Documents will not violate
any applicable law, conflict with or result in any breach in any of the provisions of, or constitute a default under, or result in the creation of any Lien (other than Liens permitted under Section 5.06 hereof) upon any assets or property of
any Company under the provisions of such Company’s Organizational Documents or any agreement. 

Section 6.03    Compliance with Laws. Each Company: 

(a)    is in compliance with all federal, state, local, or foreign applicable statutes, rules, regulations, and orders
including, without limitation, those relating to environmental protection, occupational safety and health, and equal employment practices, except where the failure to do so would not have a Material Adverse Effect; and 

(b)    is not in violation of or in default under any agreement to which it is a party or by which its assets are subject
or bound, except to the extent that any such violation or default would not have a Material Adverse Effect. 

Section 6.04    Litigation and Administrative Proceedings. There are (a) no lawsuits, actions,
investigations, or other proceedings pending or, to any Company’s knowledge, threatened in writing against any Company, or in respect of which any Company is reasonably likely to have any liability, in any court or before any governmental
authority, arbitration board, or other tribunal, as to any of which, individually or in the aggregate, if determined adversely, would have a Material Adverse Effect, and (b) no orders, writs, injunctions, judgments, or decrees of any court or
government agency or instrumentality to which any Company is a party or by which the property or assets of any Company are bound, as to any of which, individually or in the aggregate, would have a Material Adverse Effect. 

Section 6.05    Tax Returns. All foreign, federal, state and local tax returns and other reports required by
law to be filed in respect of the income, business, properties and employees of each Company have been filed and all taxes, assessments, fees and other governmental charges that are due and payable have been paid, except as otherwise permitted
herein or the failure to do so does not and will not cause or result in a Material Adverse Effect. 

  
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 Section 6.06    Employee Benefit Plans. No ERISA Event has
occurred or is expected to occur with respect to an ERISA Plan. Full payment has been made of all amounts which a Controlled Group member is required, under applicable law or under the governing documents, to have been paid as a contribution to or a
benefit under each ERISA Plan. The liability of each Controlled Group member with respect to each ERISA Plan has been fully funded based upon reasonable and proper actuarial assumptions, has been fully insured, or has been fully reserved for on its
financial statements. With respect to each ERISA Plan that is intended to be qualified under Code Section 401(a): (a) the ERISA Plan and any associated trust operationally comply with the applicable requirements of Code Section 401(a), (b)
the ERISA Plan and any associated trust have been amended to comply with all such requirements as currently in effect, other than those requirements for which a retroactive amendment can be made within the “remedial amendment period”
available under Code Section 401(b) (as extended under Treasury Regulations and other Treasury pronouncements upon which taxpayers may rely), (c) the ERISA Plan and any associated trust have received a favorable determination letter from the
Internal Revenue Service stating that the ERISA Plan qualifies under Code Section 401(a), that the associated trust qualifies under Code Section 501(a) and, if applicable, that any cash or deferred arrangement under the ERISA Plan
qualifies under Code Section 401(k), unless the ERISA Plan was first adopted at a time for which the above-described “remedial amendment period” has not yet expired, (d) the ERISA Plan currently satisfies the requirements of Code
Section 410(b), without regard to any retroactive amendment that may be made within the above-described “remedial amendment period”, and (e) no contribution made to the ERISA Plan is subject to an excise tax under Code
Section 4972. 
 Section 6.07    Solvency. Each Borrower has received consideration that is the
reasonable equivalent value of the obligations and liabilities that such Borrower has incurred to the Banks. No Borrower is insolvent as defined in any applicable state or federal statute, nor will any Borrower be rendered insolvent by the execution
and delivery of the Loan Documents to Agent and the Banks. No Borrower is engaged or about to engage in any business or transaction for which the assets retained by it are or will constitute unreasonably small capital, taking into consideration the
obligations to Agent and the Banks incurred hereunder. No Borrower intends to, nor does it believe that it will, incur debts beyond its ability to pay such debts as they mature. 

Section 6.08    Financial Statements. The Consolidated financial statements of Nordson for the fiscal years
most recently ended and fiscal quarters most recently ended that are available to the Agent and the Banks, are true and complete, have been prepared in accordance with GAAP, and fairly present the financial condition of the Companies as of the dates
of such financial statements and the results of their operations for the periods then ending. 

Section 6.09    Regulations. No Borrower is engaged principally or as one of its important activities, in the
business of extending credit for the purpose of purchasing or carrying any “margin stock” (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States of America). Neither the granting of
any Loan (or any conversion thereof) nor the use of the proceeds of any Loan will violate, or be inconsistent with, the provisions of Regulation U or X or any other Regulation of such Board of Governors. 

  
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 Section 6.10    Investment Company; Holding Company. No
Company is (a) an “investment company” or a company “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended, or (b) subject to regulation under the Energy
Policy Act of 2005, the Federal Power Act, each as amended, or any foreign, federal, state or local statute or regulation limiting its ability to incur Indebtedness. 

Section 6.11    Accurate and Complete Statements. Neither the Loan Documents nor any written statement made by
any Company in connection with any of the Loan Documents contains any untrue statement of a material fact or omits a material fact necessary to make the statements contained therein or in the Loan Documents not materially misleading. 

Section 6.12    Defaults. No Default or Event of Default exists hereunder, nor will any begin to exist
(including, without limitation, after giving effect to the Transactions). 
 Section 6.13    Anti-Terrorism Law
and Anti-Corruption Law Compliance. No Company is subject to or in violation of any law, regulation, or list of any government agency (including, without limitation, the U.S. Office of Foreign Asset Control list, Executive Order No. 13224
or the USA Patriot Act) that prohibits or limits the conduct of business with or the receiving of funds, goods or services to or for the benefit of certain Persons specified therein or that prohibits or limits any Bank from making any advance or
extension of credit to any Borrower or from otherwise conducting business with any Borrower. Each Borrower has implemented and maintains in effect policies and procedures designed to ensure compliance by such Borrower, its Subsidiaries and their
respective directors, officers, employees and agents with applicable Anti-Corruption Laws and applicable Sanctions, and each Borrower, its Subsidiaries and their respective officers and employees and to the knowledge of such Borrower, its directors,
officers, employees, agents, affiliate or representative thereof, are in compliance with applicable Anti-Corruption Laws and applicable Sanctions in all material respects and are not knowingly engaged in any activity that would reasonably be
expected to result in Borrower being designated as a Sanctioned Person. None of (a) the Borrowers, any Subsidiary or to the knowledge of the Borrowers or such Subsidiary any of their respective directors, officers or employees, or (b) to
the knowledge of the Borrowers, any agent of any Borrower or any Subsidiary that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person. No Company is located, organized or resident
in a Sanctioned Country. No borrowing, use of proceeds or other transaction contemplated by this Agreement will violate any applicable Anti-Corruption Law or applicable Sanctions. 

Section 6.14    EEA Financial Institutions. No Loan Party is an EEA Financial Institution. 

Section 6.15    Pari Passu Ranking. Obligations of each Borrower rank at least pari passu in right of payment
(to the fullest extent permitted by law) with all other senior unsecured Indebtedness of any Borrower and its Subsidiaries. 

Section 6.16    Beneficial Ownership Certification. The Certificate of Beneficial Ownership executed and
delivered to Agent and the Banks for each Borrower on or prior to the Closing Date, as updated from time to time in accordance with this Agreement, is accurate, complete and correct as of the Closing Date and as of the date any such update is
delivered. Each Borrower acknowledges and agrees that the Certificate of Beneficial Ownership is a Loan Document. 

  
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 ARTICLE VII. 

EVENTS OF DEFAULT 
 Each of the
following shall constitute an Event of Default hereunder: 
 Section 7.01    Payments. If (a) the
principal of any Loan shall not be paid in full punctually when due and payable, or (b) the interest on any Loan or any facility or other fee shall not be paid in full punctually when due and payable or within five (5) Business Days
thereafter. 
 Section 7.02    Special Covenants. If any Company or Obligor shall fail or omit to perform
and observe Sections 5.04, 5.05, 5.06, 5.07, 5.13 or 5.14 hereof. 
 Section 7.03    Other Covenants. If any
Company or Obligor shall fail or omit to perform and observe any agreement or other provision (other than those referred to in Sections 7.01 or 7.02 hereof) contained or referred to in this Agreement or any Related Writing that is on such
Company’s or Obligor’s part, as the case may be, to be complied with, and that Default shall not have been fully corrected within thirty (30) days after the giving of written notice thereof to Nordson by Agent or any Bank that the
specified Default is to be remedied. 
 Section 7.04    Representations and Warranties. If any
representation, warranty or statement made in or pursuant to this Agreement or any Related Writing or any other material information furnished by any Company or any Obligor to the Agent or the Banks shall be false or erroneous. 

Section 7.05    Cross Default. If any Company or Obligor shall default in the payment in an amount in excess
of Three Million Five Hundred Thousand Dollars ($3,500,000) of principal, interest or fees due and owing upon any other obligation for borrowed money (other than any of the Debt) in excess, for all such obligations for all such Companies and
Obligors, of the greater of (i) Fifty Million Dollars ($50,000,000) and (ii) an amount equal to three percent (3%) of Consolidated Total Assets beyond any period of grace provided with respect thereto, or in the performance or observance
of any other agreement, term or condition contained in any agreement under which such obligation is created beyond any period of grace provided with respect thereto, if the effect of such default is to allow the acceleration of the maturity of such
Indebtedness or to permit the holder thereof to cause such Indebtedness to become due prior to its stated maturity. 

Section 7.06    ERISA Default. The occurrence of one or more ERISA Events that (a) the Required Banks
determine could have a Material Adverse Effect, or (b) results in a Lien on any of the assets of any Company in excess of the greater of (i) Fifty Million Dollars ($50,000,000) and (ii) an amount equal to three percent (3%) of
Consolidated Total Assets. 
 Section 7.07    Change Of Control. If any Change of Control shall occur. 

Section 7.08    Money Judgment. A final judgment or order for the payment of money shall be rendered against
any Company or Obligor by a court of competent jurisdiction, that remains unpaid or unstayed and undischarged for a period (during which execution shall not be effectively stayed) of thirty (30) days after the date on which the right to appeal
has expired, 

  
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provided that the aggregate of all such judgments for all such Companies and Obligors shall exceed the greater of (i) Fifty Million Dollars ($50,000,000) and (ii) an amount equal to
three percent (3%) of Consolidated Total Assets. 
 Section 7.09    Validity of Loan Documents. (a) Any
material provision, in the reasonable opinion of Agent, of any Loan Document shall at any time for any reason cease to be valid and binding and enforceable against a Nordson or any Company; (b) the validity, binding effect or enforceability of
any material provision of any Loan Document against any Borrower or any Company shall be contested by such Company or any other Obligor; (c) any Borrower or any Guarantor of Payment shall deny that it has any or further liability or obligation
thereunder; or (d) any material provision of any Loan Document shall be terminated, invalidated or set aside, or be declared ineffective or inoperative or in any way cease to give or provide to Agent and the Banks the benefits purported to be
created thereby. 
 Section 7.10    Insolvency. If Nordson or any Subsidiary (other than any Subsidiary that
individually, or in the aggregate when combined with all other Subsidiaries excluded from this Section 7.10 by operation of this parenthetical, has assets less than or equal to the greater of (i) Fifty Million Dollars ($50,000,000) and
(ii) an amount equal to three percent (3%) of Consolidated Total Assets) shall (a) except as permitted pursuant to Section 5.07 hereof, discontinue business, (b) generally not pay its debts as such debts become due, (c) make
a general assignment for the benefit of creditors, (d) apply for or consent to the appointment of a receiver, a custodian, a trustee, an interim trustee or liquidator of all or a substantial part of its assets, (e) be adjudicated a debtor
or have entered against it an order for relief under Title 11 of the United States Code, as the same may be amended from time to time, (f) file a voluntary petition in bankruptcy, or have an involuntary proceeding filed against it and the same
shall continue undismissed for a period of thirty (30) days from commencement of such proceeding or case, or file a petition or an answer seeking reorganization or an arrangement with creditors or seeking to take advantage of any other law
(whether federal or state (or the foreign equivalent)) relating to relief of debtors, or admit (by answer, by default or otherwise) the material allegations of a petition filed against it in any bankruptcy, reorganization, insolvency or other
proceeding (whether federal or state (or the foreign equivalent)) relating to relief of debtors, (g) suffer or permit to continue unstayed and in effect for thirty (30) consecutive days any judgment, decree or order entered by a court of
competent jurisdiction, that approves a petition seeking its reorganization or appoints a receiver, custodian, trustee, interim trustee or liquidator of all or a substantial part of its assets, or (h) take, or omit to take, any action in order
thereby to effect any of the foregoing. 
 ARTICLE VIII. 

REMEDIES UPON DEFAULT 

Notwithstanding any contrary provision or implication herein or elsewhere: 

Section 8.01    Optional Defaults. If any Event of Default referred to in Section 7.01, 7.02, 7.03, 7.04,
7.05, 7.06, 7.07, 7.08 or 7.09 hereof shall occur, Agent may, with the consent of the Required Banks, and shall, at the request of the Required Banks, give written notice to Borrowers, to: 

(a)    terminate the Commitment and the credits hereby established, if not previously terminated, and, immediately upon
such election, the obligations of the Banks, and each thereof, to make any further Loan and the obligation of Agent to make any Swing Loan hereunder immediately shall be terminated, and/or 

  
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 (b)    accelerate the maturity of all of the Debt (if the Debt is not
already due and payable), whereupon all of the Debt shall become and thereafter be immediately due and payable in full without any presentment or demand and without any further or other notice of any kind, all of which are hereby waived by
Borrowers. 
 Section 8.02    Automatic Defaults. If any Event of Default referred to in Section 7.10
hereof shall occur: 
 (a)    all of the Commitment and the credits hereby established shall automatically and
immediately terminate, if not previously terminated, and no Bank thereafter shall be under any obligation to grant any further Loan, nor shall Agent be obligated to make any Swing Loan hereunder, and 

(b)    the principal, interest and any other amounts then outstanding on all of the Notes, and all of the other Debt,
shall thereupon become and thereafter be immediately due and payable in full (if the Debt is not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by Borrowers. 

Section 8.03    Offsets. If there shall occur or exist any Event of Default referred to in Section 7.10
hereof or if the Debt is accelerated pursuant to Section 8.01 or 8.02 hereof, each Bank shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and all Debt then owing by each Borrower to
that Bank (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.01B or 8.04 hereof), whether or not the same shall then have matured, any and all deposit balances and all other indebtedness then
held or owing by that Bank to or for the credit or account of any Borrower or any Guarantor of Payment, all without notice to or demand upon such Borrower or any other Person, all such notices and demands being hereby expressly waived by each
Borrower. 
 Section 8.04    Equalization Provision. Each Bank agrees with the other Banks that if it, at
any time, shall obtain any Advantage over the other Banks or any thereof in respect of the Debt (except as to Swing Loans and except under Article III hereof), it shall purchase from the other Banks, for cash and at par, such additional
participation in the Debt as shall be necessary to nullify the Advantage. If any such Advantage resulting in the purchase of an additional participation as aforesaid shall be recovered in whole or in part from the Bank receiving the Advantage, each
such purchase shall be rescinded, and the purchase price restored (but without interest unless the Bank receiving the Advantage is required to pay interest on the Advantage to the Person recovering the Advantage from such Bank) ratably to the extent
of the recovery. Each Bank further agrees with the other Banks that if it at any time shall receive any payment for or on behalf of any Borrower on any indebtedness owing by such Borrower to that Bank by reason of offset of any deposit or other
indebtedness, it will apply such payment first to any and all Debt owing by such Borrower to that Bank (including, without limitation, any participation 

  
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purchased or to be purchased pursuant to this Section or any other Section of this Agreement). Each Borrower agrees that any Bank so purchasing a participation from the other Banks or any thereof
pursuant to this Section may exercise all its rights of payment (including the right of set-off) with respect to such participation as fully as if such Bank was a direct creditor of such Borrower in the amount
of such participation. 
 ARTICLE IX. 

THE AGENT 
 The Banks authorize
KeyBank National Association and KeyBank National Association hereby agrees to act as agent for the Banks in respect of this Agreement upon the terms and conditions set forth elsewhere in this Agreement, and upon the following terms and conditions:

 Section 9.01    Appointment and Authorization. Each Bank hereby irrevocably appoints and authorizes Agent
to take such action as agent on its behalf and to exercise such powers hereunder as are delegated to Agent by the terms hereof, together with such powers as are reasonably incidental thereto. Neither Agent nor any of its Affiliates, directors,
officers, attorneys or employees shall be liable for any action taken or omitted to be taken by it or them hereunder or in connection herewith, except for its or their own gross negligence or willful misconduct. 

Section 9.02    Note Holders. Agent may treat the payee of any Note as the holder thereof until written notice
of transfer shall have been filed with it, signed by such payee and in form satisfactory to Agent. 

Section 9.03    Consultation With Counsel. Agent may consult with legal counsel selected by it and shall not
be liable for any action taken or suffered in good faith by it in accordance with the opinion of such counsel. 

Section 9.04    Documents. Agent shall not be under any duty to examine into or pass upon the validity,
effectiveness, genuineness or value of any Loan Documents or any other Related Writing furnished pursuant hereto or in connection herewith or the value of any collateral obtained hereunder, and Agent shall be entitled to assume that the same are
valid, effective and genuine and what they purport to be. 
 Section 9.05    Agent and Affiliates. With
respect to the Loans, Agent, each Co-Documentation Agent and the Syndication Agent shall have the same rights and powers hereunder as any other Bank and may exercise the same as though it were not Agent, Co-Documentation Agent or Syndication Agent, as the case may be, and Agent, each Co-Documentation Agent and the Syndication Agent and their respective Affiliates may accept
deposits from, lend money to and generally engage in any kind of business with any Company or any Affiliate thereof. 

Section 9.06    Knowledge of Default. It is expressly understood and agreed that Agent shall be entitled to
assume that no Default or Event of Default has occurred (other than an Event of Default under Section 7.01 hereof), unless Agent has been notified by a Bank in writing that such Bank believes that a Default or Event of Default has occurred and
is continuing and specifying the nature thereof or has been notified by Borrowers pursuant to Section 5.09 hereof. 

  
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 Section 9.07    Action By Agent. Subject to the other terms
and conditions hereof, so long as Agent shall be entitled, pursuant to Section 9.06 hereof, to assume that no Default or Event of Default shall have occurred and be continuing, Agent shall be entitled to use its discretion with respect to
exercising or refraining from exercising any rights that may be vested in it by, or with respect to taking or refraining from taking any action or actions that it may be able to take under or in respect of, this Agreement or the other Loan
Documents. Agent shall incur no liability under or in respect of this Agreement or any other Loan Document by acting upon any notice, certificate, warranty or other paper or instrument believed by it to be genuine or authentic or to be signed by the
proper party or parties, or with respect to anything that it may do or refrain from doing in the reasonable exercise of its judgment, or that may seem to it to be necessary or desirable in the premises. 

Section 9.08    Notices, Default, Etc. In the event that Agent shall have acquired actual knowledge of any
Default or Event of Default, Agent shall promptly notify the Banks and shall take such action and assert such rights under this Agreement as the Required Banks shall direct and Agent shall promptly inform the other Banks in writing of the action
taken. Subject to the other terms and conditions hereof, Agent may take such action and assert such rights as it deems to be advisable, in its discretion, for the protection of the interests of the holders of the Notes. 

Section 9.09    Indemnification of Agent. The Banks agree to indemnify Agent (to the extent not reimbursed by
Borrowers) ratably, according to their respective Commitment Percentages, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever
that may be imposed on, incurred by or asserted against Agent in its agency capacity in any way relating to or arising out of this Agreement or any Loan Document or any action taken or omitted by it with respect to this Agreement or any Loan
Document, provided that no Bank shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including attorneys’ fees) or disbursements resulting from Agent’s
gross negligence, willful misconduct or from any action taken or omitted by it in any capacity other than as agent under this Agreement. 

Section 9.10    Successor Agent. Agent may resign as agent hereunder by giving not fewer than thirty
(30) days prior written notice to Nordson and the Banks. If Agent shall resign under this Agreement, then either (a) the Required Banks shall appoint from among the Banks a successor agent for the Banks (with the consent of Nordson so long
as a Default or an Event of Default has not occurred and which consent shall not be unreasonably withheld), or (b) if a successor agent shall not be so appointed and approved within the thirty (30) day period following Agent’s notice
to the Banks of its resignation, then Agent shall appoint a successor agent that shall serve as agent until such time as the Required Banks appoint a successor agent. Upon its appointment, such successor agent shall succeed to the rights, powers and
duties as agent, and the term “Agent” shall mean such successor effective upon its appointment, and the former agent’s rights, powers and duties as agent shall be terminated without any other or further act or deed on the part of such
former agent or any of the parties to this Agreement. 

  
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 Section 9.11    No Reliance on Agent’s
Customer Identification Program. Each Bank acknowledges and agrees that neither such Bank, nor any of its Affiliates, participants or assignees, may rely on Agent to carry out such Bank’s, Affiliate’s, participant’s or
assignee’s customer identification program, or other obligations required or imposed under or pursuant to the USA Patriot Act or the regulations thereunder, including the regulations contained in 31 CFR 103.121 (as hereafter amended or
replaced, the “CIP Regulations”), or any other Anti-Terrorism Law, including any programs involving any of the following items relating to or in connection with Borrowers, any other Company, their respective Affiliates or
agents, the Loan Documents or the transactions hereunder: (a) any identity verification procedures, (b) any record keeping, (c) any comparisons with government lists, (d) any customer notices or (e) any other procedures
required under the CIP Regulations or such other law. 
 Section 9.12    USA Patriot Act. Each Bank or
assignee or participant of a Bank that is not organized under the laws of the United States of America or a state thereof (and is not excepted from the certification requirement contained in Section 313 of the USA Patriot Act and the applicable
regulations because it is both (a) an Affiliate of a depository institution or foreign bank that maintains a physical presence in the United States or foreign country, and (b) subject to supervision by a banking authority regulating such
Affiliated depository institution or foreign bank) shall deliver to Agent the certification, or, if applicable, recertification, certifying that such Bank is not a “shell” and certifying to other matters as required by Section 313 of
the USA Patriot Act and the applicable regulations: (i) within 10 days after the Closing Date and (ii) at such other times as are required under the USA Patriot Act. 

Section 9.13    Other Agents. No Bank (other than Agent) that is indicated as having an agency capacity (such
as “Syndication Agent”, “Co-Documentation Agent” or other similar titles) shall have any duties or responsibilities hereunder in its capacity as such. 

Section 9.14    Certain ERISA Matters. 

(a)    Each Bank (x) represents and warrants, as of the date such Person became a Bank party hereto, to, and
(y) covenants, from the date such Person became a Bank party hereto to the date such Person ceases being a Bank party hereto, for the benefit of, Agent and the Joint Lead Arrangers and their respective Affiliates, and not, for the avoidance of
doubt, to or for the benefit of the Borrowers, that at least one of the following is and will be true: 

(i)    such Bank is not using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Loans or the Commitments, 

(ii)    the transaction exemption set forth in one or more PTEs, such as PTE
84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions
involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a
class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house
asset managers), is applicable with respect to such Bank’s entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement, 

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

(iv)    such other representation, warranty and covenant as may be agreed in writing between Agent, in its
sole discretion, and such Bank. 
 (b)    In addition, unless sub-clause
(i) in the immediately preceding clause (a) is true with respect to a Bank or such Bank has not provided another representation, warranty and covenant as provided in sub-clause (iv) in the
immediately preceding clause (a), such Bank further (x) represents and warrants, as of the date such Person became a Bank party hereto, to, and (y) covenants, from the date such Person became a Bank party hereto to the date such Person
ceases being a Bank party hereto, for the benefit of, Agent and the Joint Lead Arrangers and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrowers, that: 

(i)    none of Agent or the Joint Lead Arrangers or any of their respective Affiliates is a fiduciary with
respect to the assets of such Bank (including in connection with the reservation or exercise of any rights by Agent under this Agreement, any Loan Document or any documents related to hereto or thereto), 

(ii)    the Person making the investment decision on behalf of such Bank with respect to the entrance into,
participation in, administration of and performance of the Loans, the Commitments and this Agreement is independent (within the meaning of 29 CFR § 2510.3-21) and is a bank, an insurance carrier, an
investment adviser, a broker-dealer or other person that holds, or has under management or control, total assets of at least $50 million, in each case as described in 29 CFR §
2510.3-21(c)(1)(i)(A)-(E), 

(iii)    the Person making the investment decision on behalf of such Bank with respect to the entrance
into, participation in, administration of and performance of the Loans, the Commitments and this Agreement is capable of evaluating investment risks independently, both in general and with regard to particular transactions and investment strategies
(including in respect of the Loans), 
 (iv)    the Person making the investment decision on behalf of
such Bank with respect to the entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement is a fiduciary under ERISA or the Code, 

  
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or both, with respect to the Loans, the Commitments and this Agreement and is responsible for exercising independent judgment in evaluating the transactions hereunder, and 

(v)    no fee or other compensation is being paid directly to the Agent or Joint Lead Arrangers or any
their respective Affiliates for investment advice (as opposed to other services) in connection with the Loans, the Commitments or this Agreement. 
 Agent
and the Joint Lead Arrangers hereby inform the Banks that each such Person is not undertaking to provide impartial investment advice, or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that such
Person has a financial interest in the transactions contemplated hereby in that such Person or an Affiliate thereof (i) may receive interest or other payments with respect to the Loans, the Commitments and this Agreement, (ii) may
recognize a gain if it extended the Loans, or the Commitments for an amount less than the amount being paid for an interest in the Loans or the Commitments by such Lender or (iii) may receive fees or other payments in connection with the
transactions contemplated hereby, the Loan Documents or otherwise, including structuring fees, commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative agent or collateral agent
fees, utilization fees, minimum usage fees, letter of credit fees, fronting fees, deal-away or alternate transaction fees, amendment fees, processing fees, term out premiums, banker’s acceptance fees, breakage or other early termination fees or
fees similar to the foregoing. 
 ARTICLE X. 

MISCELLANEOUS 

Section 10.01    Banks’ Independent Investigation. Each Bank, by its signature to this
Agreement, acknowledges and agrees that Agent has made no representation or warranty, express or implied, with respect to the creditworthiness, financial condition, or any other condition of any Company or with respect to the statements contained in
any information memorandum furnished in connection herewith or in any other oral or written communication between Agent and such Bank. Each Bank represents that it has made and shall continue to make its own independent investigation of the
creditworthiness, financial condition and affairs of the Companies in connection with the extension of credit hereunder, and agrees that Agent has no duty or responsibility, either initially or on a continuing basis, to provide any Bank with any
credit or other information with respect thereto (other than such notices as may be expressly required to be given by Agent to the Banks hereunder), whether coming into its possession before the granting of the first Loans hereunder or at any time
or times thereafter. 
 Section 10.02    No Waiver; Cumulative Remedies. No omission or course of dealing on
the part of Agent, any Bank or the holder of any Note in exercising any right, power or remedy hereunder or under any of the Loan Documents shall operate as a waiver thereof; nor shall any single or partial exercise of any such right, power or
remedy preclude any other or further exercise thereof or the exercise of any other right, power or remedy hereunder or under any of the Loan Documents. The remedies herein provided are cumulative and in addition to any other rights, powers or
privileges held by operation of law, by contract or otherwise. 

  
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 Section 10.03    Amendments; Consents. No amendment,
modification, termination, or waiver of any provision of any Loan Document nor consent to any variance therefrom, shall be effective unless the same shall be in writing and signed by the Required Banks and then such waiver or consent shall be
effective only in the specific instance and for the specific purpose for which given. Anything herein to the contrary notwithstanding, unanimous consent of the Banks shall be required with respect to (a) any increase in the Total Commitment
Amount hereunder except in accordance with Section 2.07(b) hereof, (b) the extension of the Commitment Period, the maturity of any Loan, the payment date of interest or principal with respect thereto, or the payment date of facility or
other fees or amounts payable hereunder, (c) any reduction in the rate of interest on the Loans, or in any amount of principal or interest due on any Loan, or any reduction in the amount of fees hereunder or any change in the manner of pro rata
application of any payments made by Borrowers to the Banks hereunder, (d) any change in any percentage voting requirement, voting rights or the Required Banks definition in this Agreement, (e) the release of any Guarantor of Payment, if
any, or the Nordson Guaranty, except in connection with a transaction permitted pursuant to Section 5.07 hereof, or (f) any amendment to this Section 10.03 or Section 8.04 hereof. In addition, the Revolving Commitment of any Bank
may not be increased without the prior written consent of such Bank. Notice of amendments or consents ratified by the Banks hereunder shall immediately be forwarded by Agent to all Banks. Each Bank or other holder of a Note shall be bound by any
amendment, waiver or consent obtained as authorized by this Section, regardless of its failure to agree thereto. Any waiver, amendment or modification requiring the consent of all Banks or each affected Bank which affects such Defaulting Bank
differently than other affected Banks shall require the consent of such Defaulting Bank. 

Section 10.04    Notices. All notices, requests, demands and other communications provided for hereunder shall
be in writing and, if to Borrowers, mailed or delivered to it, addressed to it at the address specified on the signature pages of this Agreement, if to a Bank, mailed or delivered to it, addressed to the address of such Bank specified on the
signature pages of this Agreement, or, as to each party, at such other address as shall be designated by such party in a written notice to each of the other parties. All notices, statements, requests, demands and other communications provided for
hereunder shall be given by overnight delivery or first class mail with postage prepaid by registered or certified mail, addressed as aforesaid, or sent by facsimile with telephonic confirmation of receipt, except that all notices hereunder shall
not be effective until received. 
 Section 10.05    Costs, Expenses and Taxes. Nordson agrees to pay on
demand all costs and expenses of Agent, including, but not limited to, (a) syndication, administration, travel and out-of-pocket expenses, including but not limited
to attorneys’ fees and expenses, of Agent in connection with the preparation, negotiation and closing of the Loan Documents and the administration of the Loan Documents, the collection and disbursement of all funds hereunder and the other
instruments and documents to be delivered hereunder, (b) extraordinary expenses of Agent in connection with the administration of the Loan Documents and the other instruments and documents to be delivered hereunder, and (c) the reasonable
fees and out-of-pocket expenses of special counsel for Agent, with respect to the foregoing, and of local counsel, if any, who may be retained by said special counsel
with respect thereto. Each Borrower also agrees to pay on demand all costs and expenses of Agent and the Banks, including reasonable attorneys’ fees, in 

  
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connection with the restructuring or enforcement of the Debt owing by such Borrower, this Agreement or any Related Writing. In addition, Each Borrower shall pay any and all stamp and other taxes
and fees payable or determined to be payable in connection with the execution and delivery of the Loan Documents to which such Borrower is a party, and the other instruments and documents to be delivered hereunder, and agrees to hold Agent and each
Bank harmless from and against any and all liabilities with respect to or resulting from any delay in paying or omission to pay such taxes or fees. All obligations provided for in this Section 10.05 shall survive any termination of this
Agreement. 
 Section 10.06    Indemnification. Each Borrower agrees to defend, indemnify and hold harmless
Agent and the Banks (and their respective Affiliates, officers, directors, attorneys, agents and employees) from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including
attorneys’ fees) or disbursements of any kind or nature whatsoever that may be imposed on, incurred by or asserted against Agent or any Bank in connection with any investigative, administrative or judicial proceeding (whether or not such Bank
or Agent shall be designated a party thereto) or any other claim by any Person relating to or arising out of any Loan Document or any actual or proposed use of proceeds of the Loans or any of the Debt, or any activities of any Company or any Obligor
or any of their respective Affiliates; provided that (i) no Bank nor Agent shall have the right to be indemnified under this Section for its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final
and nonappealable judgment and (ii) each Foreign Borrower shall only be liable for the costs, expenses or liabilities attributable to it. To the fullest extent permitted by applicable law, the Loan Parties shall not assert, and hereby waive,
any claim against Agent and the Banks (and their respective Related Parties), on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) solely to the extent arising out of, in
connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated directly hereby, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof. All obligations
provided for in this Section 10.06 shall survive any termination of this Agreement. 

Section 10.07    Obligations Several; No Fiduciary Obligations. The obligations of the Banks hereunder are
several and not joint. Nothing contained in this Agreement and no action taken by Agent or the Banks pursuant hereto shall be deemed to constitute the Banks a partnership, association, joint venture or other entity. No default by any Bank hereunder
shall excuse the other Banks from any obligation under this Agreement; but no Bank shall have or acquire any additional obligation of any kind by reason of such default. The relationship among Borrowers and the Banks with respect to the Loan
Documents and the Related Writings is and shall be solely that of debtor and creditors, respectively, and neither Agent nor any Bank shall have any fiduciary obligation toward any Borrower with respect to any such documents or the transactions
contemplated thereby. 
 Section 10.08    Execution In Counterparts. This Agreement may be executed in any
number of counterparts and by different parties hereto in separate counterparts and by facsimile signature, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and
the same agreement. 

  
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 Section 10.09    Binding Effect; Borrowers’
Assignment. This Agreement shall become effective when it shall have been executed by each Borrower, Agent and by each Bank and thereafter shall be binding upon and inure to the benefit of each Borrower, Agent and each of the Banks and their
respective successors and assigns, except that no Borrower shall have the right to assign its rights hereunder or any interest herein without the prior written consent of Agent and all of the Banks. 

Section 10.10    Assignments. 

(a) Each Bank shall have the right, in accordance with the terms and conditions of this Section 10.10, at any time or times to assign to
one or more commercial banks, finance companies, insurance companies or other financial institution or fund which, in each case, in the ordinary course of business extends credit of the type contemplated herein and whose becoming an assignee would
not constitute a prohibited transaction under Section 4975 of ERISA, without recourse, all or a percentage of all of such Bank’s Commitment, all Loans made by such Bank, such Bank’s Notes, and such Bank’s interest in any
participation purchased pursuant to Section 2.01B or Section 8.04 hereof. 
 (b) No assignment may be consummated pursuant to this
Section 10.10 without the prior written consent of Nordson and Agent (other than an assignment by any Bank to (i) any Affiliate of such Bank which Affiliate is either wholly-owned by such Bank or is wholly-owned by a Person that wholly
owns, either directly or indirectly, such Bank or (ii) any other Bank), which consent of Nordson and Agent shall not be unreasonably withheld; provided, however, that, Nordson’s consent shall not be required if, at the time of the proposed
assignment, any Default or Event of Default shall then exist. Anything herein to the contrary notwithstanding, any Bank may at any time make a collateral assignment of all or any portion of its rights under the Loan Documents to a Federal Reserve
Bank, and no such assignment shall release such assigning Bank from its obligations hereunder. 
 (c)    Each assignment
made pursuant to this Section 10.10 shall be in a minimum amount of the lesser of Five Million Dollars ($5,000,000) of the assignor’s Revolving Commitment and interest herein or the entire amount of the assignor’s Revolving Commitment
and interest herein. 
 (d)    Unless an assignment made pursuant to this Section 10.10 shall be to an Affiliate of
the assignor or the assignment shall be due to merger of the assignor or for regulatory purposes, either the assignor or the assignee shall remit to Agent, for its own account, an administrative fee of Three Thousand Five Hundred Dollars ($3,500).

 (e)    Unless an assignment made pursuant to this Section 10.10 shall be due to merger of the assignor or a
collateral assignment for regulatory purposes, the assignor shall (i) cause the assignee to execute and deliver to Nordson and Agent an Assignment Agreement and (ii) execute and deliver, or cause the assignee to execute and deliver, as the
case may be, to Agent such additional amendments, assurances and other writings as Agent may reasonably require. 

(f)    If an assignment made pursuant to this 10.10 is to be made to an assignee that is organized under the laws of any
jurisdiction other than the United States or any state thereof, the 

  
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assignor Bank shall cause such assignee, at least five Business Days prior to the effective date of such assignment, (i) to represent to the assignor Bank (for the benefit of the assignor
Bank, Agent and Borrowers) that under applicable law and treaties no taxes will be required to be withheld by Agent, Borrowers or the assignor with respect to any payments to be made to such assignee in respect of the Loans hereunder, (ii) to
furnish to the assignor (and, in the case of any assignee registered in the Register (as defined below), Agent and Borrowers) either (A) U.S. Internal Revenue Service Form W-8ECI or U.S. Internal Revenue
Service Form W-8BEN or (B) United States Internal Revenue Service Forms W-8 or W-9, as applicable (wherein such assignee
claims entitlement to complete exemption from U.S. federal withholding tax on all interest payments hereunder), and (iii) to agree (for the benefit of the assignor, Agent and Borrowers) to provide the assignor Bank (and, in the case of any
assignee registered in the Register, Agent and Borrowers) a new Form W-8ECI or Form W-8BEN or Forms W-8 or W-9, as applicable, upon the expiration or obsolescence of any previously delivered form and comparable statements in accordance with applicable U.S. laws and regulations and amendments duly executed and completed
by such assignee, and to comply from time to time with all applicable U.S. laws and regulations with regard to such withholding tax exemption. 

(g) Upon satisfaction of all applicable requirements specified in subparts (a) though (f) above, Borrowers shall execute and deliver
(i) to Agent, the assignor and the assignee, any consent or release (of all or a portion of the obligations of the assignor) required to be delivered by Borrowers in connection with the Assignment Agreement, and (ii) to the assignee or the
assignor (if applicable), an appropriate Note or Notes. After delivery of the new Note or Notes, the assignor’s Note or Notes being replaced shall be returned to Borrowers marked “replaced”. 

(h) Upon satisfaction of all applicable requirements specified in subparts (a) though (f) above, and any other condition contained in
this Section 10.10, (i) the assignee shall become and thereafter be deemed to be a “Bank” for the purposes of this Agreement, (ii) the Assignor shall be released from its obligations hereunder to the extent its interest has been
assigned, (iii) in the event that the assignor’s entire interest has been assigned, the assignor shall cease to be and thereafter shall no longer be deemed to be a “Bank” and (iv) the signature pages hereto and
Schedule 1-A hereto shall be automatically amended, without further action, to reflect the result of any such assignment. 

(i) Agent shall maintain at the address for notices referred to in Section 10.04 hereof a copy of each Assignment Agreement delivered to
it and a register (the “Register”) for the recordation of the names and addresses of the Banks and the Revolving Commitment of, and principal amount (and stated interest) of the Loans owing to, each Bank from time to time. The entries in
the Register shall be conclusive, in the absence of manifest error, and Borrowers, Agent and the Banks may treat each financial institution whose name is recorded in the Register as the owner of the Loan recorded therein for all purposes of this
Agreement. The Register shall be available for inspection by any Borrower or any Bank at any reasonable time and from time to time upon reasonable prior notice. 

(j) No assignment shall be made to (A) a Borrower or any Borrower’s Affiliates or Subsidiaries, (B) a natural Person (or a
holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural Person) or (C) a Defaulting Bank or any of its Subsidiaries, or any Person who, upon becoming a Bank hereunder, would constitute any
of the foregoing Persons described in this clause (C). 

  
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 Section 10.11    Participations. 

(a) Each Bank shall have the right at any time or times, without the consent of Agent or Borrowers, to sell one or more participations or sub-participations to a financial institution or other “accredited investor” (as defined in SEC Regulation D) (other than a natural Person, or a holding company, investment vehicle or trust for, owned and
operated for the primary benefit of, a natural Person, or any Borrower or any Borrower’s Affiliates or Subsidiaries), as the case may be, in all or any part of such Bank’s Commitment, such Bank’s Commitment Percentage, any Loan made
by such Bank, any Note delivered to such Bank pursuant to this Agreement, and such Bank’s interest in any participation, if any, purchased pursuant to Section 2.01B, Section 8.04 or this Section 10.11. 

(b)    The provisions of Article III and Section 10.06 shall inure to the benefit of each purchaser of participation
or sub-participation and Agent shall continue to distribute payments pursuant to this Agreement as if no participation has been sold. 

(c)    Any agreement or instrument pursuant to which a Bank sells such a participation shall provide that such Bank shall
retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Bank will not, without the consent of
the Participant, agree to any amendment, modification or waiver described in Section 10.03 that affects such Participant. The Borrowers agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.02
(subject to the requirements and limitations therein, including the requirements under Section 3.02(f) (it being understood that the documentation required under Section 3.02(f) shall be delivered to the participating Bank)) to the same
extent as if it were a Bank and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant (A) agrees to be subject to the provisions of Section 3.08 as if it were an
assignee under paragraph (b) of this Section; and (B) shall not be entitled to receive any greater payment under Sections 3.01 or 3.02, with respect to any participation, than its participating Bank would have been entitled to receive,
except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. Each Bank that sells a participation agrees, at the Borrowers’ request and
expense, to use reasonable efforts to cooperate with the Borrowers to effectuate the provisions of Section 3.08 with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of
Section 8.03 as though it were a Bank. Each Bank that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a register on which it
enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”);
provided that no Bank shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans,
letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under
Section 5f.103-1(c) 

  
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of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Bank shall treat each Person whose name is recorded in the
Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Agent (in its capacity as Agent) shall have no responsibility for maintaining a
Participant Register. 
 (d)    No participation or sub-participation shall
operate as a delegation of any duty of the seller thereof. 
 (e)    Under no circumstance shall any participation or sub-participation be deemed a novation in respect of all or any part of the seller’s obligations pursuant to this Agreement. 

Section 10.12    Severability Of Provisions; Captions; Attachments. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting the validity or enforceability of
such provision in any other jurisdiction. The several captions to Sections and subsections herein are inserted for convenience only and shall be ignored in interpreting the provisions of this Agreement. Each schedule or exhibit attached to this
Agreement shall be incorporated herein and shall be deemed to be a part hereof. 
 Section 10.13    Investment
Purpose. Each of the Banks represents and warrants to Borrowers that it is entering into this Agreement with the present intention of acquiring any Note issued pursuant hereto for investment purposes only and not for the purpose of distribution
or resale, it being understood, however, that each Bank shall at all times retain full control over the disposition of its assets. 

Section 10.14    Entire Agreement. This Agreement, any Note and any other Loan Document or other agreement,
document or instrument attached hereto or executed on or as of the Closing Date integrate all the terms and conditions mentioned herein or incidental hereto and supersede all oral representations and negotiations and prior writings with respect to
the subject matter hereof. 
 Section 10.15    Governing Law; Submission to Jurisdiction. This Agreement,
each of the Notes and any Related Writing shall be governed by and construed in accordance with the laws of the State of Ohio and the respective rights and obligations of Borrowers and the Banks shall be governed by Ohio law, without regard to
principles of conflict of laws. Each Borrower hereby irrevocably submits to the non-exclusive jurisdiction of any Ohio state or federal court sitting in Cleveland, Ohio, over any action or proceeding arising
out of or relating to this Agreement, the Debt or any Related Writing, and each Borrower hereby irrevocably agrees that all claims in respect of such action or proceeding may be heard and determined in such Ohio state or federal court. Each
Borrower, on behalf of itself and its Subsidiaries, hereby irrevocably waives, to the fullest extent permitted by law, any objection it may now or hereafter have to the laying of venue in any action or proceeding in any such court as well as any
right it may now or hereafter have to remove such action or proceeding, once commenced, to another court on the grounds of FORUM NON CONVENIENS or otherwise. Each Borrower agrees that a final, nonappealable judgment in any such action or proceeding
shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 

  
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 Section 10.16    Legal Representation of Parties. The Loan
Documents were negotiated by the parties with the benefit of legal representation and any rule of construction or interpretation otherwise requiring this Agreement or any other Loan Document to be construed or interpreted against any party shall not
apply to any construction or interpretation hereof or thereof. 
 Section 10.17    Judgment Currency. If
Agent, on behalf of the Banks, obtains a judgment or judgments against any Borrower in an Alternate Currency, the obligations of such Borrower in respect of any sum adjudged to be due to Agent or the Banks hereunder or under the Notes (the
“Judgment Amount”) shall be discharged only to the extent that, on the Business Day following receipt by Agent of the Judgment Amount in the Alternate Currency, Agent, in accordance with normal banking procedures, purchases Dollars with
the Judgment Amount in such Alternate Currency. If the amount of Dollars so purchased is less than the amount of Dollars that could have been purchased with the Judgment Amount on the date or dates the Judgment Amount (excluding the portion of the
Judgment Amount which has accrued as a result of the failure of such Borrower to pay the sum originally due hereunder or under the Notes when it was originally due hereunder or under the Notes) was originally due and owing to Agent or the Banks
hereunder or under the Notes (the “Original Due Date”) (the “Loss”), Borrowers agree as a separate obligation and notwithstanding any such judgment, to indemnify Agent or such Bank, as the case may be, against the Loss, and if
the amount of Dollars so purchased exceeds the amount of Dollars that could have been purchased with the Judgment Amount on the Original Due Date, Agent or such Bank agrees to remit such excess to Borrowers. 

Section 10.18    Treatment of Certain Information; Confidentiality. Each of the Agent and the Banks agree to
maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to each of their Affiliates and to each of their Related Parties (it being understood that the Persons to whom such disclosure is
made will be informed of the confidential nature of such Information and instructed to keep such Information confidential); (b) to the extent required or requested by any regulatory authority purporting to have jurisdiction over such Person or its
Related Parties (including any self-regulatory authority, such as the National Association of Insurance Commissioners); (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process; (d) to any other
party hereto; (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder;
(f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights and obligations under this
Agreement, or (ii) any actual or prospective party (or its Related Parties) to any swap, derivative or other transaction under which payments are to be made by reference to the Borrower and its obligations, this Agreement or payments hereunder;
(g) on a confidential basis to the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to the Debt; (h) with the consent of Nordson; or (i) to the extent such
Information (x) becomes publicly available other than as a result of a breach of this Section, or (y) becomes available to the Agent, any Bank or any of their respective Affiliates on a nonconfidential basis from a source other than
Nordson. 

  
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 In no event shall the Agent or any of its Related Parties have any liability to any
Borrower, any Bank or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Agent’s transmission of Information or notices through IntraLinks, Syndtrak,
ClearPar, any other electronic platform or electronic messaging service, or through the Internet except to the extent such losses, claims, damages, liabilities or expenses have resulted from such Agent’s or Related Party’s gross negligence
or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment. 
 For purposes of this
Section 10.18, “Information” means all information received from any Borrower or any of its Subsidiaries relating to any Borrower or any of its Subsidiaries or any of their respective businesses, other than any such information that
is available to the Agent or any Bank on a nonconfidential basis prior to disclosure by such Borrower or any of its Subsidiaries; provided that, in the case of information received from such Borrower or any of its Subsidiaries after the date hereof,
such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such
Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

Section 10.19    JURY TRIAL WAIVER. EACH BORROWER, AGENT AND EACH OF THE BANKS WAIVE ANY RIGHT TO HAVE A JURY
PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AMONG BORROWERS, AGENT AND THE BANKS, OR ANY THEREOF, ARISING OUT OF, IN CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN
CONNECTION WITH THIS AGREEMENT OR ANY NOTE OR OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS RELATED THERETO. 

Section 10.20    Acknowledgement and Consent to Bail-In of EEA Financial
Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution
arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(a)    the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities
arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 

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

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

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

Section 10.21    Amendment and Restatement. 

(a)    The parties hereto agree that, on the Closing Date, the following transactions shall be deemed to occur
automatically, without further action by any party hereto: (a) the Existing Credit Agreement shall be deemed to be amended and restated in its entirety pursuant to this Agreement; (b) all Debt and other obligations (including, without
limitation, any outstanding Loans) under the Existing Credit Agreement outstanding on the Closing Date shall in all respects be continuing and shall be deemed to Debt and other obligations (including, without limitation, any outstanding Loans)
outstanding hereunder under the corresponding facilities described herein and (c) all references in the other Loan Documents to the Existing Credit Agreement shall be deemed to refer without further amendment to this Agreement. The execution
and delivery of this Agreement shall not constitute a novation of any Debt or other obligations owing to the Lenders or the Agent under the Existing Credit Agreement. 

(b)    Simultaneously with the effectiveness of this Agreement on the Closing Date, the parties hereby agree that,
notwithstanding the provisions regarding assignments set forth in Section 10.10 hereof and Section 10.10 of the Existing Credit Agreement, the Commitments and Commitment Percentages shall be as set forth in Schedule 1-A and the portion of the Loans outstanding under the Existing Credit Agreement shall be reallocated in accordance with such Commitment Percentages and the requisite assignments shall be deemed to be made in such
amounts by and between the Banks and from each Bank to each other Bank, with the same force and effect as if such assignments were evidenced by applicable Assignment Agreements (as defined in the Existing Credit Agreement) under the Existing Credit
Agreement. Notwithstanding anything to the contrary in Section 10.10 of the Existing Credit Agreement or Section 10.10 of this Agreement, no other documents or instruments, including any Assignment Agreements, shall be executed in
connection with these assignments (all of which requirements are hereby waived), and such assignments shall be deemed to be made with all applicable representations, warranties and covenants as if evidenced by an Assignment Agreement. On the Closing
Date and substantially concurrently with the effectiveness of this Agreement, to the extent necessary, the Banks shall make full cash settlement with each other either directly or through the Agent, as the Agent may direct or approve, with respect
to all such assignments and reallocations such that after giving effect to such settlements each Bank’s Commitment Percentages with respect to the Commitments and outstanding Loans shall be as set forth on Schedule 1-A. 

  
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	Address:	 	28601 Clemens Road	 	NORDSON CORPORATION
		 	Westlake, Ohio 44145	 		 	
		 	Attention: Senior Vice President,	 	By:	 	  

		 	Chief Financial Officer	 	Name:	 	Gregory A. Thaxton
		 		 	Title:	 	Senior Vice President, Chief Financial Officer
			
	Address:	 	KeyTower	 	KEYBANK NATIONAL ASSOCIATION,
		 	127 Public Square	 		 	as Administrative Agent and as a Bank
		 	Cleveland, Ohio 44114	 		 	
		 	Attention: KCIB Loan Services	 		 	
				
		 		 	By:	 	  

		 		 	Name:	 	Brian P. Fox
		 		 	Title:	 	Vice President

 [Other Signature Pages to Follow] 

  
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