Document:

EX-4.13

 Exhibit 4.13 

Execution Copy 
 CUSIP Number:
679581AE8 
 Revolver CUSIP Number: 679581AF5 
  

 
  

AMENDED AND RESTATED CREDIT AGREEMENT 

among 
 OLD DOMINION FREIGHT LINE,
INC., 
 THE LENDERS NAMED HEREIN, 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Administrative Agent 
 and 

BRANCH BANKING AND TRUST COMPANY, 

as Syndication Agent 
 $250,000,000
Senior Unsecured Revolving Credit Facility 
 Lead Arrangers: 

WELLS FARGO SECURITIES, LLC 

BB&T CAPITAL MARKETS 
 Sole
Book-Runner: 
 WELLS FARGO SECURITIES, LLC 

Dated as of December 15, 2015 
  

 
  

 TABLE OF CONTENTS 

 

							
		
	 	 	 	  	Page	 
	
	ARTICLE I	  
	
	DEFINITIONS	  
	1.1	 	Defined Terms	  	 	1	  
	1.2	 	Accounting Terms	  	 	24	  
	1.3	 	Other Terms; Construction	  	 	24	  
	
	ARTICLE II	  
	
	AMOUNT AND TERMS OF THE LOANS	  
			
	2.1	 	Commitments	  	 	25	  
	2.2	 	Borrowings	  	 	26	  
	2.3	 	Disbursements; Funding Reliance; Domicile of Loans	  	 	29	  
	2.4	 	Evidence of Debt; Notes	  	 	30	  
	2.5	 	Termination and Reduction of Commitments and Swingline Commitment	  	 	31	  
	2.6	 	Mandatory Payments and Prepayments	  	 	31	  
	2.7	 	Voluntary Prepayments	  	 	32	  
	2.8	 	Interest	  	 	32	  
	2.9	 	Fees	  	 	35	  
	2.10	 	Interest Periods	  	 	36	  
	2.11	 	Conversions and Continuations	  	 	36	  
	2.12	 	Method of Payments; Computations; Apportionment of Payments	  	 	37	  
	2.13	 	Recovery of Payments	  	 	40	  
	2.14	 	Use of Proceeds	  	 	40	  
	2.15	 	Pro Rata Treatment	  	 	40	  
	2.16	 	Increased Costs; Change in Circumstances; Illegality	  	 	41	  
	2.17	 	Taxes	  	 	44	  
	2.18	 	Compensation	  	 	48	  
	2.19	 	Replacement of Lenders; Mitigation of Costs	  	 	48	  
	2.20	 	Incremental Commitments	  	 	50	  
	2.21	 	Defaulting Lenders	  	 	52	  
	
	ARTICLE III	  
	
	LETTERS OF CREDIT	  
			
	3.1	 	Issuance; Existing Letters of Credit	  	 	55	  
	3.2	 	Notices	  	 	57	  
	3.3	 	Participations	  	 	57	  
	3.4	 	Reimbursement	  	 	58	  
	3.5	 	Payment by Revolving Loans	  	 	58	  
	3.6	 	Payment to Lenders	  	 	59	  

  
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 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	3.7	 	Obligations Absolute	  	 	59	  
	3.8	 	Cash Collateral Account	  	 	61	  
	3.9	 	The Issuing Lender	  	 	61	  
	3.10	 	Effectiveness	  	 	62	  
	
	ARTICLE IV	  
	
	CONDITIONS OF BORROWING	  
			
	4.1	 	Conditions of Initial Borrowing	  	 	62	  
	4.2	 	Conditions of All Borrowings	  	 	65	  
	
	ARTICLE V	  
	
	REPRESENTATIONS AND WARRANTIES	  
			
	5.1	 	Corporate Organization and Power	  	 	65	  
	5.2	 	Authorization; Enforceability	  	 	66	  
	5.3	 	No Violation	  	 	66	  
	5.4	 	Governmental and Third-Party Authorization; Permits	  	 	66	  
	5.5	 	Litigation	  	 	67	  
	5.6	 	Taxes	  	 	67	  
	5.7	 	Subsidiaries	  	 	67	  
	5.8	 	Full Disclosure	  	 	68	  
	5.9	 	Margin Regulations	  	 	68	  
	5.10	 	No Material Adverse Change	  	 	68	  
	5.11	 	Financial Matters	  	 	68	  
	5.12	 	Ownership of Properties	  	 	69	  
	5.13	 	ERISA	  	 	69	  
	5.14	 	Environmental Matters	  	 	70	  
	5.15	 	Compliance with Laws	  	 	71	  
	5.16	 	Regulated Industries	  	 	71	  
	5.17	 	Insurance	  	 	71	  
	5.18	 	Material Contracts	  	 	71	  
	5.19	 	Trade Relations	  	 	71	  
	5.20	 	Labor Relations	  	 	72	  
	5.21	 	Leases	  	 	72	  
	5.22	 	Anti-Corruption Laws; Sanctions	  	 	72	  
	
	ARTICLE VI	  
	
	AFFIRMATIVE COVENANTS	  
			
	6.1	 	Financial Statements	  	 	73	  

  
 -ii- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	6.2	 	Other Business and Financial Information	  	 	73	  
	6.3	 	Existence; Franchises; Maintenance of Properties	  	 	76	  
	6.4	 	Compliance with Laws	  	 	76	  
	6.5	 	Payment of Obligations	  	 	76	  
	6.6	 	Insurance	  	 	76	  
	6.7	 	Maintenance of Books and Records; Inspection	  	 	77	  
	6.8	 	Permitted Acquisitions	  	 	77	  
	6.9	 	Creation or Acquisition of Subsidiaries; Excluded Subsidiaries	  	 	77	  
	6.10	 	Further Assurances	  	 	79	  
	6.11	 	Sanctions; Patriot Act Compliance; Use of Proceeds	  	 	79	  
	
	ARTICLE VII	  
	
	FINANCIAL COVENANTS	  
			
	7.1	 	Consolidated Debt to Consolidated Total Capitalization	  	 	79	  
	7.2	 	Fixed Charge Coverage Ratio	  	 	79	  
	
	ARTICLE VIII	  
	
	NEGATIVE COVENANTS	  
			
	8.1	 	Merger; Consolidation	  	 	80	  
	8.2	 	Indebtedness	  	 	81	  
	8.3	 	Liens	  	 	82	  
	8.4	 	Disposition of Assets	  	 	84	  
	8.5	 	Investments	  	 	84	  
	8.6	 	Restricted Payments	  	 	85	  
	8.7	 	Transactions with Affiliates	  	 	86	  
	8.8	 	Lines of Business	  	 	86	  
	8.9	 	Limitation on Certain Restrictions	  	 	86	  
	8.10	 	Fiscal Year	  	 	86	  
	8.11	 	Accounting Changes	  	 	87	  
	8.12	 	Certain Amendments	  	 	87	  
	
	ARTICLE IX	  
	
	EVENTS OF DEFAULT	  
			
	9.1	 	Events of Default	  	 	87	  
	9.2	 	Remedies: Termination of Commitments, Acceleration, etc	  	 	90	  
	9.3	 	Remedies: Set-Off	  	 	90	  

  
 -iii- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	
	ARTICLE X	  
	
	THE ADMINISTRATIVE AGENT	  
			
	10.1	 	Appointment and Authority	  	 	91	  
	10.2	 	Rights as a Lender	  	 	91	  
	10.3	 	Exculpatory Provisions	  	 	91	  
	10.4	 	Reliance by Administrative Agent	  	 	92	  
	10.5	 	Delegation of Duties	  	 	93	  
	10.6	 	Resignation of Administrative Agent	  	 	93	  
	10.7	 	Non-Reliance on Administrative Agent and Other Lenders	  	 	94	  
	10.8	 	No Other Duties, Etc	  	 	94	  
	10.9	 	Guaranty Matters	  	 	94	  
	10.10	 	Issuing Lender and Swingline Lender	  	 	94	  
	
	ARTICLE XI	  
	
	MISCELLANEOUS	  
			
	11.1	 	Expenses; Indemnity; Damage Waiver	  	 	94	  
	11.2	 	Governing Law; Submission to Jurisdiction; Waiver of Venue; Service of Process	  	 	96	  
	11.3	 	Waiver of Jury Trial	  	 	97	  
	11.4	 	Notices; Effectiveness; Electronic Communication	  	 	97	  
	11.5	 	Amendments, Waivers, etc	  	 	99	  
	11.6	 	Successors and Assigns	  	 	101	  
	11.7	 	No Waiver	  	 	105	  
	11.8	 	Survival	  	 	106	  
	11.9	 	Severability	  	 	106	  
	11.10	 	Construction	  	 	106	  
	11.11	 	Confidentiality	  	 	107	  
	11.12	 	Counterparts; Integration; Effectiveness	  	 	107	  
	11.13	 	Disclosure of Information	  	 	108	  
	11.14	 	USA Patriot Act Notice	  	 	108	  
	11.15	 	Amendment and Restatement; No Novation	  	 	108	  

  
 -iv- 

 EXHIBITS 
  

			
	Exhibit A-1	  	Form of Revolving Note
	Exhibit A-2            	  	Form of Swingline Note
	Exhibit B-1	  	Form of Notice of Borrowing
	Exhibit B-2	  	Form of Notice of Swingline Borrowing
	Exhibit B-3	  	Form of Notice of Conversion/Continuation
	Exhibit B-4	  	Form of Letter of Credit Notice
	Exhibit C	  	Form of Compliance Certificate
	Exhibit D	  	Form of Assignment and Assumption
	Exhibit E	  	Form of Subsidiary Guaranty

 SCHEDULES 
  

			
	Schedule 1.1	  	Commitments and Notice Addresses
	Schedule 3.1	  	Existing Letters of Credit
	Schedule 5.4	  	Consents and Approvals
	Schedule 5.7	  	Subsidiaries
	Schedule 5.17	  	Insurance
	Schedule 5.18        	  	Material Contracts
	Schedule 8.2	  	Indebtedness
	Schedule 8.3	  	Liens
	Schedule 8.5A	  	Existing Investments
	Schedule 8.5B	  	Borrower’s Investment Policy
	Schedule 8.7	  	Transactions with Affiliates

  
 -v- 

 AMENDED AND RESTATED CREDIT AGREEMENT 

THIS AMENDED AND RESTATED CREDIT AGREEMENT, dated as of the 15 day of December, 2015, is made among OLD DOMINION FREIGHT LINE,
INC., a Virginia corporation (the “Borrower”), the banks and financial institutions listed on the signature pages hereto or that become parties hereto after the date hereof, and WELLS FARGO BANK, NATIONAL ASSOCIATION
(“Wells Fargo”), as agent for the Lenders. 
 RECITALS 

A. The Borrower, the Existing Lenders and Wells Fargo, as agent, are parties to a Second Amended and Restated Credit Agreement, dated as of
August 10, 2011 (as the same has been amended, modified or supplemented to, but not including, the Restatement Effective Date, the “Existing Credit Agreement”). 

B. Subject to and on the terms and conditions set forth herein, (i) the parties hereto wish to amend and restate the Existing Credit
Agreement in its entirety in the form of this Agreement, it being the intention of the Borrower, the Lenders and the Administrative Agent that this Agreement and the Credit Documents executed in connection herewith shall not effect a novation of the
obligations of the Borrower under the Existing Credit Agreement but be merely a restatement and, where applicable, an amendment of and substitution for the terms governing such obligations hereafter, and (ii) the Lenders are willing to make
available to the Borrower a revolving credit facility in the aggregate principal amount of $250,000,000 as described herein and subject to the terms and conditions set forth in this Agreement. 

AGREEMENT 
 NOW,
THEREFORE, in consideration of the mutual provisions, covenants and agreements herein contained, the parties hereto hereby agree that, on the Restatement Effective Date, the Existing Credit Agreement shall be and is hereby amended and restated
in its entirety as follows: 
 ARTICLE I 

DEFINITIONS 
 1.1
Defined Terms. For purposes of this Agreement, in addition to the terms defined elsewhere herein, the following terms shall have the meanings set forth below (such meanings to be equally applicable to the singular and plural forms thereof):

 “Account Designation Letter” shall mean a letter from the Borrower to the Administrative Agent, duly completed and
signed by an Authorized Officer and in form and substance satisfactory to the Administrative Agent, listing any one or more accounts to which the Borrower may from time to time request the Administrative Agent to forward the proceeds of any Loans
made hereunder. 

 “Acquisition” shall mean any transaction or series of related transactions,
consummated on or after the date hereof, by which the Borrower directly, or indirectly through one or more Subsidiaries, (i) acquires any going business, or all or substantially all of the assets, of any Person or any line of business or
division of any Person, whether through the purchase of assets, a merger or otherwise, or (ii) acquires securities or other ownership interests of any Person having at least a majority of combined voting power of the then outstanding securities
or other ownership interests of such Person. 
 “Adjusted Base Rate” shall mean, at any time with respect to any Base Rate
Loan, a rate per annum equal to the Base Rate as in effect at such time plus the Applicable Margin Percentage for Base Rate Loans as in effect at such time. 

“Additional Lender” shall have the meaning given to such term in Section 2.20(a). 

“Adjusted LIBOR Market Index Rate” shall mean, at any time with respect to any LIBOR Market Index Loans, a rate per annum
equal to the LIBOR Market Index Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Market Index Loans as in effect at such time. 

“Adjusted LIBOR Rate” shall mean, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in
effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time. 
 “Administrative
Agent” shall mean Wells Fargo, in its capacity as Administrative Agent appointed under ARTICLE X, and its successors and permitted assigns in such capacity. 

“Administrative Questionnaire” shall mean an Administrative Questionnaire in a form supplied by the Administrative Agent.

 “Affiliate” shall mean, as to any Person, each other Person that directly, or indirectly through one or more
intermediaries, owns or controls, is controlled by or under common control with, such Person or is a director or officer of such Person. For purposes of this definition, with respect to any Person “control” shall mean the possession,
direct or indirect, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise. Notwithstanding the foregoing, neither the Administrative
Agent nor any Lender shall be deemed an “Affiliate” of the Borrower or any of its Subsidiaries. 
 “Agent
Parties” shall have the meaning given to such term in Section 11.4(b). 
 “Agreement” shall mean
this Amended and Restated Credit Agreement, as amended, restated, modified or supplemented from time to time. 
 “Anti-Corruption
Laws” shall mean all laws, rules, and regulations of any jurisdiction applicable to the Borrower or its Subsidiaries from time to time concerning or relating to bribery or corruption, including, without limitation, the United States Foreign
Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder. 

  
 2 

 “Applicable Law” shall mean all applicable provisions of constitutions, laws,
statutes, ordinances, rules, treaties, regulations, permits, licenses, approvals, interpretations and orders of Governmental Authorities and all orders and decrees of all courts and arbitrators. 

“Applicable Margin Percentage” shall mean, at any time from and after the Restatement Effective Date, the applicable margin
percentage (i) to be added to the LIBOR Market Index Rate and the LIBOR Rate pursuant to Section 2.8 for purposes of determining the Adjusted LIBOR Market Index Rate and the Adjusted LIBOR Rate, as the case may be, (ii) to be
added to the Base Rate pursuant to Section 2.8 for the purpose of determining the Adjusted Base Rate and (iii) to be used in calculating the commitment fee payable pursuant to Section 2.9(a), in each case as determined
under the following matrix with reference to the ratio of Consolidated Debt to Consolidated Total Capitalization: 
  

															
	 Level
	  	 Consolidated Debt to Consolidated Total
Capitalization
	  	Applicable
Margin
Percentage
for LIBOR
Loans and
LIBOR
Market Index
Loans	 	 	Applicable
Margin
Percentage
for Base Rate
Loans	 	 	Commitment
Fee	 
	 1
	  	Less than 0.20 to 1.00	  	 	1.000	% 	 	 	0.000	% 	 	 	0.125	% 
					
	 2
	  	Greater than or equal to 0.20 to 1.00 but less than 0.40 to 1.00	  	 	1.125	% 	 	 	0.125	% 	 	 	0.150	% 
					
	 3
	  	Greater than or equal to 0.40 to 1.00 but less than 0.50 to 1.00	  	 	1.250	% 	 	 	0.250	% 	 	 	0.175	% 
					
	 4
	  	Greater than or equal to 0.50 to 1.00	  	 	1.500	% 	 	 	0.500	% 	 	 	0.200	% 

 On each Adjustment Date (as hereinafter defined), the Applicable Margin Percentage for all Loans and the commitment fee
payable pursuant to Section 2.9(a) shall be adjusted effective as of such date (based upon the calculation of the Consolidated Debt to Consolidated Total Capitalization as of the last day of the fiscal period to which such Adjustment
Date relates) in accordance with the above matrix; provided, however, that, notwithstanding the foregoing or anything else herein to the contrary, if at any time the Borrower shall have failed to deliver the financial statements and a
Compliance Certificate as required by Section 6.1(a) or Section 6.1(b), as the case may be, and Section 6.2(a), or if at any time an Event of Default shall have occurred and be continuing, then at the election of
the Required Lenders, at all times from and including the date on which such statements and Compliance Certificate are required to have been delivered (or the date of occurrence of such Event of Default, as the case may be) to the 

  
 3 

 
date on which the same shall have been delivered (or such Event of Default shall have been cured or waived, as the case may be), each Applicable Margin Percentage shall be calculated in
accordance with level 4 of the above matrix. For purposes of this definition, “Adjustment Date” shall mean, with respect to any fiscal period of the Borrower beginning with the fiscal quarter ending December 31, 2015, the tenth
(10th) day (or, if such day is not a Business Day, the next succeeding Business Day) after delivery by the Borrower in accordance with Section 6.1(a) or Section 6.1(b), as the case may be, of (i) financial
statements as of the end of and for such fiscal period and (ii) a duly completed Compliance Certificate with respect to such fiscal period. Until the first Adjustment Date, each Applicable Margin Percentage shall be calculated in accordance
with Level 1 of the above matrix. 
 “Applicable Period” shall have the meaning given to such term in Section 2.8(f). 

“Approved Fund” shall mean any Fund that is administered or managed by (i) a Lender, (ii) an Affiliate of a Lender,
or (iii) a Person (or an Affiliate of a Person) that administers or manages a Lender. 
 “Arrangers” shall mean Wells
Fargo Securities and BB&T Capital Markets. 
 “Assignee” shall have the meaning given to such term in
Section 11.6(a). 
 “Assignment and Assumption” shall mean an Assignment and Assumption entered into between a
Lender and an Assignee and accepted by the Administrative Agent and the Borrower, in substantially the form of Exhibit D. 

“Authorized Officer” shall mean, with respect to any action specified herein, any officer of the Borrower duly authorized by
resolution of the board of directors of the Borrower to take such action on its behalf, and whose signature and incumbency shall have been certified to the Administrative Agent by the secretary or an assistant secretary of the Borrower. 

“Bankruptcy Code” shall mean 11 U.S.C. §§ 101 et seq., as amended from time to time, and any
successor statute. 
 “Base Rate” shall mean the highest of (i) the per annum interest rate publicly announced from
time to time by Wells Fargo in Charlotte, North Carolina, to be its prime rate (which may not necessarily be its best lending rate), as adjusted to conform to changes as of the opening of business on the date of any such change in such prime rate,
(ii) the Federal Funds Rate plus 0.5% per annum, as adjusted to conform to changes as of the opening of business on the date of any such change in the Federal Funds Rate, (iii) the LIBOR Rate for an Interest Period of one
(1) month plus the difference between the Applicable Margin Percentage for LIBOR Loans and the Applicable Margin Percentage for Base Rate Loans at any level, as adjusted to conform to changes as of the opening of business on the date of any
such change of such LIBOR Rate, and (iv) 0%. 
 “Base Rate Loan” shall mean, at any time, any Loan that bears interest
at such time at the Adjusted Base Rate. 

  
 4 

 “Beneficial Owner” shall mean, with respect to any U.S. federal income tax, the
Person who is treated as the taxpayer under Section 871(a) or 881(a) of the Internal Revenue Code, as applicable, or any successor provision, if such Person is not the Recipient. 

“Borrower” shall have the meaning given to such term in the introductory paragraph of this Agreement. 

“Borrowing” shall mean the incurrence by the Borrower (including as a result of conversions and continuations of outstanding
Loans pursuant to Section 2.11) on a single date of a group of Loans of a single Type (or a Swingline Loan made by the Swingline Lender) and, in the case of LIBOR Loans, as to which a single Interest Period is in effect. 

“Borrowing Date” shall have the meaning given to such term in Section 2.2(b). 

“Business Day” shall mean (i) any day other than a Saturday or Sunday, a legal holiday or a day on which commercial
banks in Charlotte, North Carolina are required by law to be closed and (ii) in respect of any determination relevant to a LIBOR Loan or a LIBOR Market Index Loan, any such day that is also a day on which tradings are conducted in the London
interbank Eurodollar market. 
 “Capital Stock” shall mean (i) with respect to any Person that is a corporation, any
and all shares, interests or equivalents in capital stock (whether voting or nonvoting, and whether common or preferred) of such corporation, and (ii) with respect to any Person that is not a corporation, any and all partnership, membership,
limited liability company or other equity interests of such Person; and in each case, any and all warrants, rights or options to purchase any of the foregoing. 

“Capitalized Lease Obligations” shall mean any Indebtedness represented by obligations under a lease that is required to be
capitalized for financial reporting purposes in accordance with GAAP, and the amount of such Indebtedness shall be the capitalized amount of such obligations determined in accordance with GAAP. 

“Cash Collateral Account” shall have the meaning given to such term in Section 3.8. 

“Cash Collateralize” shall mean to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the
Administrative Agent, the Issuing Lender or the Swingline Lender (as applicable) and the Lenders, as collateral for the Letter of Credit Exposure, the Swingline Exposure, or obligations of Lenders to fund participations in respect of either thereof
(as the context may require), cash or deposit account balances or, if the Issuing Lender or the Swingline Lender benefiting from such collateral shall agree in its sole discretion, other credit support, in each case pursuant to documentation in form
and substance satisfactory to (a) the Administrative Agent and (b) the Issuing Lender or the Swingline Lender. “Cash Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash
collateral and other credit support. 
 “Cash Equivalents” shall mean (i) securities issued or unconditionally
guaranteed by the United States of America or any agency or instrumentality thereof, backed by the full faith and credit of the United States of America and maturing within ninety (90) days from the date of

  
 5 

 
acquisition, (ii) commercial paper issued by any Person organized under the laws of the United States of America, maturing within ninety (90) days from the date of acquisition and, at
the time of acquisition, having a rating of at least A-1 or the equivalent thereof by Standard & Poor’s Ratings Services or at least P-1 or the equivalent thereof by Moody’s Investors Service, Inc., (iii) time deposits and
certificates of deposit maturing within ninety (90) days from the date of issuance and issued by a bank or trust company organized under the laws of the United States of America or any state thereof that has combined capital and surplus of at
least $500,000,000 and that has (or is a subsidiary of a bank holding company that has) a long-term unsecured debt rating of at least A or the equivalent thereof by Standard & Poor’s Ratings Services or at least A2 or the equivalent
thereof by Moody’s Investors Service, Inc., (iv) repurchase obligations with a term not exceeding seven (7) days with respect to underlying securities of the types described in clause (i) above entered into with any bank or trust
company meeting the qualifications specified in clause (iii) above, and (v) money market funds at least 95% of the assets of which are continuously invested in securities of the type described in clause (i) above. 

“Cash Management Agreement” means any agreement to provide cash management services, including treasury, depository,
overdraft, credit, debit or procurement card, electronic funds transfer and other cash management arrangements. 
 “Cash Management
Bank” means (i) any Person that, at the time it enters into a Cash Management Agreement, is a Lender, an Affiliate of a Lender, the Administrative Agent or an Affiliate of the Administrative Agent, in its capacity as a party to such
Cash Management Agreement with the Borrower and (ii) any Person that, as of the Restatement Effective Date, is a Lender or an Affiliate of an a Lender and is party to a Cash Management Agreement, in its capacity as party to such Cash Management
Agreement with the Borrower. 
 “Change in Law” shall mean the occurrence, after the date of this Agreement, of any of the
following: (i) the adoption or taking effect of any law, rule, regulation or treaty, (ii) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental
Authority or (iii) 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”, regardless of the date enacted, adopted or issued. 
 “Commitment” shall mean, with respect to
any Lender at any time, the amount set forth opposite such Lender’s name in Schedule 1.1, as such schedule may be revised from time to time pursuant to Section 2.20, or, if such Lender has entered into one or more
Assignment and Assumptions, the amount set forth for such Lender at such time in the Register maintained by the Administrative Agent pursuant to Section 11.6(c) as such Lender’s “Commitment,” as such amount may be reduced
at or prior to such time pursuant to the terms hereof. 

  
 6 

 “Commitment Letter” shall mean the letter from Wells Fargo, Wells Fargo
Securities, Branch Banking and Trust Company and BB&T Capital Markets to the Borrower, dated November 17, 2015 in respect of the commitments to and syndication of the facility evidenced by this Agreement and the other Credit Documents. 

“Compliance Certificate” shall mean a fully completed and duly executed certificate in the form of Exhibit C,
together with a Covenant Compliance Worksheet. 
 “Consolidated Debt” shall mean, as of any date of determination, the
total amount of all Debt of the Borrower and its Subsidiaries determined on a consolidated basis in accordance with GAAP; provided that for purposes of calculating Consolidated Debt to Consolidated Total Capitalization to determine the
Applicable Margin Percentage only, the Borrower may subtract from Consolidated Debt the aggregate amount of cash and short term investments reported on its consolidated balance sheet delivered in connection with the Compliance Certificate to which
such calculation pertains. 
 “Consolidated Net Income” shall mean, for any period, net income (or loss) for the Borrower
and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP. 
 “Consolidated Net Interest
Expense” shall mean, for any period, the difference between (i) gross interest expense of the Borrower and its Subsidiaries deducted in the calculation of Consolidated Net Income for such period and (ii) the gross interest income
of the Borrower and its Subsidiaries included in the calculation of Consolidated Net Income for such period, determined on a consolidated basis in accordance with GAAP. 

“Consolidated Net Worth” shall mean the consolidated stockholders’ equity of the Borrower and its Subsidiaries,
determined in accordance with GAAP. 
 “Consolidated Total Capitalization” shall mean, as of any date of determination, the
sum of (i) Consolidated Debt as of such date and (ii) Consolidated Net Worth as of such date. 
 “Contingent
Obligation” shall mean, with respect to any Person, any direct or indirect liability of such Person with respect to any Indebtedness, liability or other obligation (the “primary obligation”) of another Person (the
“primary obligor”), whether or not contingent, (i) to purchase, repurchase or otherwise acquire such primary obligation or any property constituting direct or indirect security therefore primarily for the purpose of assuring the owner
of any such primary obligation of the ability of the primary obligor in respect thereof to make payment of such primary obligation, (ii) to advance or provide funds (A) for the payment or discharge of any such primary obligation or
(B) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency or any balance sheet item, level of income or financial condition of the primary obligor (including, without limitation,
keep well agreements, maintenance agreements, comfort letters or similar agreements or arrangements), (iii) to lease or purchase property, securities or services from the primary obligor primarily for the purpose of assuring the owner of any
such primary obligation of the ability of the primary obligor in respect thereof to make payment of such primary obligation or (iv) otherwise to assure or hold harmless the owner(s) of any such primary obligations against

  
 7 

 
loss or failure or inability of the primary obligor(s) to perform in respect thereof, individually or in the aggregate, in an amount exceeding $5,000,000; provided, however, that,
with respect to the Borrower and its Subsidiaries, the term Contingent Obligation shall not include endorsements for collection or deposit in the ordinary course of business. The amount of any Contingent Obligation of any Person hereunder shall be
deemed to be such Person’s maximum reasonably anticipated liability in respect thereof as determined by such guaranteeing Person in good faith. 

“Control Group” shall mean (i) Earl E. Congdon, Jeffrey W. Congdon, Susan C. Terry, John R. Congdon, Jr., and David S.
Congdon, (ii) the spouse of any Person described in clause (i) above, (iii) any direct descendants of any Person described in clauses (i) and (ii) above, and (iv) any charitable trust, foundation, estate planning trust,
family limited partnership or family limited liability company controlled by one or more of the Persons described in clauses (i) through (iii) above. 

“Covenant Compliance Worksheet” shall mean a fully completed worksheet in the form of Attachment A to Exhibit C.

 “Credit Documents” shall mean this Agreement, the Notes, the Letters of Credit, the Wells Fargo Fee Letter, the
Subsidiary Guaranty, and all other agreements, instruments, documents and certificates now or hereafter executed and delivered to the Administrative Agent or any Lender by or on behalf of the Borrower or any of its Subsidiaries with respect to this
Agreement and the transactions contemplated hereby, in each case as amended, modified, supplemented or restated from time to time; but specifically excluding any Hedge Agreement to which the Borrower and any Hedge Party are parties and any Cash
Management Agreement to which the Borrower and any Cash Management Bank are parties. 
 “Debt” shall mean, with respect to
any Person, without duplication, 
 (a) its liabilities for borrowed money; 

(b) its liabilities for the deferred purchase price of property acquired by such Person (excluding accounts payable and other
accrued liabilities arising in the ordinary course of business but including, without limitation, all liabilities created or arising under any conditional sale or other title retention agreement with respect to any such property); 

(c) its Capitalized Lease Obligations; 

(d) its liabilities for borrowed money secured by any Lien with respect to any property owned by such Person (whether or not it
has assumed or otherwise become liable for such liabilities); and 
 (e) Contingent Obligations by such Person with respect
to liabilities of a type described in any of clauses (a) through (d) hereof. 
 Debt of any Person shall include all obligations of such Person of
the character described in clauses (a) through (e) to the extent such Person remains legally liable in respect thereof notwithstanding that any such obligation is deemed to be extinguished under GAAP. 

  
 8 

 “Default” shall mean any event or condition that, with the passage of time or
giving of notice, or both, would constitute an Event of Default. 
 “Defaulting Lender” shall mean, subject to
Section 2.21(b) any Lender that, as determined by the Administrative Agent (with notice to the Borrower of such determination), (i) has failed to perform any of its funding obligations hereunder, including in respect of its Loans or
participations in Letters of Credit or Swingline Loans, within three (3) Business Days of the date required to be funded by it hereunder, unless such obligation is the subject of a good faith dispute, (ii) has notified the Borrower or the
Administrative Agent that it does not intend to comply with its funding obligations or has made a public statement to that effect with respect to its funding obligations hereunder or under other agreements in which it commits to extend credit,
(iii) has failed, within three (3) Business Days after request by the Administrative Agent, to confirm in a manner satisfactory to the Administrative Agent that it will comply with its funding obligations, or (iv) has, or has a direct
or indirect parent company that has (a) become the subject of any bankruptcy, insolvency or similar proceeding, or (b) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors
or similar Person charged with reorganization or liquidation or its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; provided, that a Lender
shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority. 

“Disqualified Capital Stock” shall mean, with respect to any Person, any Capital Stock of such Person that, by its terms (or
by the terms of any security into which it is convertible or for which it is exchangeable), or upon the happening of any event or otherwise, (i) matures or is mandatorily redeemable or subject to any mandatory repurchase requirement, pursuant
to a sinking fund obligation or otherwise, (ii) is redeemable or subject to any mandatory repurchase requirement at the sole option of the holder thereof, or (iii) is convertible into or exchangeable for (whether at the option of the
issuer or the holder thereof) (a) debt securities or (b) any Capital Stock referred to in (i) or (ii) above, in each case under (i), (ii) or (iii) above at any time on or prior to the first anniversary of the Maturity
Date; provided, however, that only the portion of Capital Stock that so matures or is mandatorily redeemable, is so redeemable at the option of the holder thereof, or is so convertible or exchangeable on or prior to such date shall be
deemed to be Disqualified Capital Stock. 
 “Dollars” or “$” shall mean dollars of the United States of
America. 
 “Domestic Subsidiary” shall mean any Subsidiary that is not a Foreign Subsidiary. 

“EBIT” shall mean, for any period, Consolidated Net Income for such period plus income tax expense for such period
plus Consolidated Net Interest Expense for such period, all to the extent taken into account in the calculation of Consolidated Net Income, and (i) including without limitation (A) earnings of any Subsidiary of the Borrower accrued prior
to the date it became a Subsidiary of the Borrower pursuant to a Permitted Acquisition, (B) earnings of any Person attributable to the assets which have been acquired in any manner by the Borrower or any of its Subsidiaries pursuant to a
Permitted Acquisition, realized by such Person on account of such assets prior to the date of such acquisition, (C) earnings of any Person prior to any date such 

  
 9 

 
Person has merged or consolidated with the Borrower or any Subsidiary pursuant to a Permitted Acquisition and as permitted by Section 8.1, and (ii) excluding (A) any
gain or loss arising from the sale of non-operating assets, (B) any gain arising from any write-up of assets, (C) any gain arising from the acquisition of any securities of the Borrower or any of its Subsidiaries, and (D) any gain or
loss arising from extraordinary or nonrecurring items, all determined in accordance with GAAP for such period. 

“Environmental Claims” shall mean any and all administrative, regulatory or judicial actions, suits, demands, demand letters,
claims, liens, accusations, allegations, notices of noncompliance or violation, investigations (other than internal reports prepared by any Person in the ordinary course of its business and not in response to any third party action or request of any
kind) or proceedings relating in any way to any actual or alleged violation of or liability under any Environmental Law or relating to any permit issued, or any approval given, under any such Environmental Law (collectively,
“Claims”), including, without limitation, (i) any and all Claims by Governmental Authorities for enforcement, cleanup, removal, response, remedial or other actions or damages pursuant to any applicable Environmental Law
and (ii) any and all Claims by any third party seeking damages, contribution, indemnification, cost recovery, compensation or injunctive relief resulting from Hazardous Substances or arising from alleged injury or threat of injury to human
health or the environment. 
 “Environmental Laws” shall mean any and all federal, state and local laws, statutes,
ordinances, rules, regulations, permits, licenses, approvals, rules of common law and orders of courts or Governmental Authorities, relating to the protection of human health or occupational safety or the environment, now or hereafter in effect and
in each case as amended from time to time, including, without limitation, requirements pertaining to the manufacture, processing, distribution, use, treatment, storage, disposal, transportation, handling, reporting, licensing, permitting,
investigation or remediation of Hazardous Substances. 
 “ERISA” shall mean the Employee Retirement Income Security Act of
1974, as amended from time to time, and any successor statute, and all rules and regulations from time to time promulgated thereunder. 

“ERISA Affiliate” shall mean any Person (including any trade or business, whether or not incorporated) that would be deemed
to be under “common control” with, or a member of the same “controlled group” as, the Borrower or any of its Subsidiaries, within the meaning of Sections 414(b), (c), (m) or (o) of the Internal Revenue Code or
Section 4001 of ERISA. 
 “ERISA Event” shall mean any of the following with respect to a Plan or Multiemployer Plan,
as applicable: (i) a Reportable Event with respect to a Plan or a Multiemployer Plan, (ii) a complete or partial withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan that results in liability under Section 4201
or 4204 of ERISA, or the receipt by the Borrower or any ERISA Affiliate of notice from a Multiemployer Plan that it is in reorganization or insolvency pursuant to Section 4241 or 4245 of ERISA or that it intends to terminate or has terminated
under Section 4041A of ERISA, (iii) the distribution by the Borrower or any ERISA Affiliate under Section 4041 or 4041A of ERISA of a notice of intent to terminate any Plan or the taking of any action to terminate any Plan,
(iv) the commencement of proceedings by the PBGC under Section 4042 of ERISA for the termination of, or the appointment of a trustee to 

  
 10 

 
administer, any Plan, or the receipt by the Borrower or any ERISA Affiliate of a notice from any Multiemployer Plan that such action has been taken by the PBGC with respect to such Multiemployer
Plan, (v) the institution of a proceeding by any fiduciary of any Multiemployer Plan against the Borrower or any ERISA Affiliate to enforce Section 515 of ERISA, which is not dismissed within thirty (30) days, (vi) the imposition
upon the Borrower or any ERISA Affiliate of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, or the imposition or threatened imposition of any Lien upon any assets of the
Borrower or any ERISA Affiliate as a result of any alleged failure to comply with the Internal Revenue Code or ERISA in respect of any Plan, (vii) the engaging in or otherwise becoming liable for a nonexempt Prohibited Transaction by the
Borrower or any ERISA Affiliate, or a violation of the applicable requirements of Section 404 or 405 of ERISA or the exclusive benefit rule under Section 401(a) of the Internal Revenue Code by any fiduciary of any Plan for which the
Borrower or any of its ERISA Affiliates may be directly or indirectly liable, (viii) the failure of any Plan to satisfy the minimum funding standard of Section 302 of ERISA and Section 412 of the Internal Revenue Code, whether or not
waived, (ix) with respect to plan years beginning prior to January 1, 2008, the adoption of an amendment to any Plan that, pursuant to Section 307 of ERISA, would require the provision of security to such Plan by the Borrower or an
ERISA Affiliate, or (x) with respect to plan years beginning on or after the PPA 2006 Effective Date, the incurrence of an obligation to provide a notice under Section 101(j) of ERISA, the adoption of an amendment which may not take effect
due to the application of Section 436(c)(1) of the Internal Revenue Code or Section 206(g)(2)(A) of ERISA, or the payment of a contribution in order to satisfy the requirements of Section 436(c)(2) of the Internal Revenue Code or
Section 206(g)(2)(B) of ERISA. 
 “Event of Default” shall have the meaning given to such term in
Section 9.1. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time,
and any successor statute, and all rules and regulations from time to time promulgated thereunder. 
 “Excluded Subsidiary”
shall mean, at any time, a Domestic Subsidiary of the Borrower that is currently designated by the Borrower as such, including such Subsidiary’s Subsidiaries. The Borrower may designate any Domestic Subsidiary as an Excluded Subsidiary at any
time by notice to the Administrative Agent, provided that (a) after giving effect to such designation, no Default or Event of Default has occurred and is continuing (including on a pro forma basis), and (b) all of the following
conditions are satisfied: 
 (i) the aggregate total assets of all Subsidiaries designated as Excluded Subsidiaries
constitute no more than an amount equal to the greater of (A) 12.5% of the total assets of the Borrower and its Subsidiaries, determined on a consolidated basis in accordance with GAAP, as of the end of the most recently completed fiscal
quarter for which the Administrative Agent has received financial statements and a compliance certificate required by Sections 6.1 and 6.2(a) and (B) $150,000,000; and 

(ii) the aggregate total EBIT of all Subsidiaries designated as Excluded Subsidiaries for the period of four fiscal quarters
ended as of the most recently ended fiscal quarter for which the Administrative Agent has received financial statements and a 

  
 11 

 
Compliance Certificate required by Sections 6.1 and 6.2(a) constitutes no more than an amount equal to the greater of (A) 12.5% of the EBIT of the Borrower and its Consolidated
Subsidiaries for such period and (B) $25,000,000. 
 (iii) no Subsidiary which is designated as an Excluded Subsidiary has
guaranteed, or otherwise become subject to any other Contingent Obligation relating to, any Indebtedness of the Borrower or any Subsidiary Guarantor; 

provided, if such Subsidiary is the target of an Acquisition at the time of determination, the calculations referred to in clause (i) and
(ii) above shall be made on a pro forma basis as if such target had been consolidated with the Borrower for the periods applicable to such calculations. 

“Excluded Taxes” shall mean, with respect to any payment made by or on account of any obligation of the Borrower under
any Credit Document any of the following Taxes imposed on or with respect to a Recipient (or a Beneficial Owner), (i) taxes imposed on or measured by its overall net income (however denominated), and franchise taxes imposed on it (in lieu of
net income taxes), by the jurisdiction (or any political subdivision thereof) under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable Lending Office is
located, (ii) any branch profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which the Borrower is located, (iii) in the case of a Foreign Lender (other than an assignee pursuant to a request
by the Borrower under Section 2.19(a)), any withholding tax that is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party hereto (or designates a new Lending Office) or is attributable to such
Foreign Lender’s failure or inability (other than as a result of a Change in Law) to comply with Section 2.17(e), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a
new Lending Office (or assignment), to receive additional amounts from the Borrower with respect to such withholding tax pursuant to Section 2.17(a), and (iv) any U.S. federal withholding taxes imposed by FATCA. 

“Existing Credit Agreement” shall have the meaning given to such term in the recitals hereto. 

“Existing Lender” shall mean each “Lender” under and as defined in the Existing Credit Agreement. 

“Existing Letters of Credit” shall have the meaning given to such term in Section 3.1. 

“FATCA” means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement (or any amended
version that is substantively comparable) and any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Internal Revenue Code. 

“Federal Funds Rate” shall mean, for any period, a fluctuating per annum interest rate (rounded upwards, if necessary, to the
nearest 1/100 of one percentage point) equal for each day during such period to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published for
such day (or, if such day is not a Business Day, for the next preceding Business Day) by the 

  
 12 

 
Federal Reserve Bank of New York, or if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the
Administrative Agent from three federal funds brokers of recognized standing selected by the Administrative Agent. 
 “Federal
Reserve Board” shall mean the Board of Governors of the Federal Reserve System or any successor thereto. 
 “Financial
Officer” shall mean, with respect to the Borrower, the chief financial officer, vice president - finance, principal accounting officer, treasurer, or controller of the Borrower. 

“Fixed Charge Coverage Ratio” shall mean, as of the last day of any fiscal quarter, the ratio of (i) the sum of EBIT and
Gross Rents, each for the period of four consecutive fiscal quarters then ending, to (ii) the sum of Consolidated Net Interest Expense and Gross Rents, in each case for the period of four consecutive fiscal quarters then ending. 

“Foreign Lender” shall mean, with respect to the Borrower, any Lender that is organized under the laws of a jurisdiction
other than that in which the Borrower is resident for tax purposes. For purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 

“Foreign Subsidiary” shall mean (i) a Subsidiary of the Borrower that is a “controlled foreign corporation,”
as such term is defined in Section 957 of the Internal Revenue Code and (ii) each Subsidiary of such “controlled foreign corporation”; provided, that any Foreign Subsidiary that (a) is directly owned by a non-Foreign
Subsidiary, and (b) is a disregarded entity for U.S. federal income tax purposes shall not be deemed to be a Foreign Subsidiary. 

“Fronting Exposure” shall mean, at any time there is a Defaulting Lender, (i) with respect to the Issuing Lender, such
Defaulting Lender’s Letter of Credit Exposure with respect to Letters of Credit issued by the Issuing Lender other than such portion of such Defaulting Lender’s Letter of Credit Exposure as to which such Defaulting Lender’s
participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with Section 2.21, and (ii) with respect to any Swingline Lender, such Defaulting Lender’s Swingline Exposure with respect to
outstanding Swingline Loans made by the Swingline Lender other than Swingline Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with Section
2.21. 
 “Fund” shall mean any Person (other than a natural person) that is (or will be) engaged in making, purchasing,
holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. 

“GAAP” shall mean generally accepted accounting principles in the United States of America, as set forth in the statements,
opinions and pronouncements of the Accounting Principles Board, the American Institute of Certified Public Accountants and the Financial Accounting Standards Board, consistently applied and maintained, as in effect from time to time (subject to the
provisions of Section 1.2). 

  
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 “Governmental Authority” shall mean any nation or government, any state or other
political subdivision thereof and any central bank thereof, any municipal, local, city or county government, and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, and any
corporation or other entity owned or controlled, through stock or capital ownership or otherwise, by any of the foregoing. 
 “Gross
Rents” shall mean, for any period, the aggregate amount of all payments which the Borrower and its Subsidiaries are required to make during such period pursuant to the terms of any lease by the Borrower or any Subsidiary of any building
(including, without limitation, any leased terminals or similar facilities of the Borrower or any Subsidiary) or revenue producing equipment, including renewals thereof. 

“Hazardous Substances” shall mean any substances or materials (i) that are or become defined as hazardous wastes,
hazardous substances, pollutants, contaminants or toxic substances under any Environmental Law, (ii) that are defined by any Environmental Law as toxic, explosive, corrosive, ignitable, infectious, radioactive, mutagenic or otherwise hazardous,
(iii) the presence of which require investigation or response under any Environmental Law, (iv) that constitute a nuisance, trespass or health or safety hazard to Persons or neighboring properties, (v) that consist of underground or
aboveground storage tanks, whether empty, filled or partially filled with any substance, or (vi) that contain, without limitation, asbestos, polychlorinated biphenyls, urea formaldehyde foam insulation, petroleum hydrocarbons, petroleum derived
substances or wastes, crude oil, nuclear fuel, natural gas or synthetic gas. 
 “Hedge Agreement” means any interest or
foreign currency rate swap, cap, collar, option, hedge, forward rate or other similar agreement or arrangement designed to protect against fluctuations in interest rates, currency exchange rates or spot prices of new materials. 

“Hedge Party” means any Lender or any Affiliate of any Lender in its capacity as a counterparty to any Hedge Agreement with
the Borrower or any Subsidiary, which Hedge Agreement is required or permitted under this Agreement to be entered into by the Borrower, or any former Lender or any Affiliate of any former Lender in its capacity as a counterparty to any such Hedge
Agreement entered into prior to the date such Person or its Affiliate ceased to be a Lender. 
 “Increasing Lender” shall
have the meaning given to such term in Section 2.20(a). 
 “Incremental Commitment” shall have the
meaning given to such term in Section 2.20(a). 
 “Incremental Commitment Effective Date” shall
have the meaning given to such term in Section 2.20(d). 
 “Incremental Lender” shall have the meaning
given to such term in Section 2.20(a). 
 “Indebtedness” shall mean, with respect to any Person (without
duplication), (i) all indebtedness and obligations of such Person for borrowed money or in respect of loans or advances of any kind, (ii) all obligations of such Person evidenced by notes, bonds, debentures or similar instruments,
(iii) all reimbursement obligations of such Person with respect to surety 

  
 14 

 
bonds, letters of credit and bankers’ acceptances (in each case, whether or not drawn or matured and in the stated amount thereof), (iv) all obligations of such Person to pay the
deferred purchase price of property or services, (v) all indebtedness created or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person, (vi) all obligations of such Person as
lessee under leases that are or are required to be, in accordance with GAAP, recorded as capital leases, to the extent such obligations are required to be so recorded, (vii) all obligations and liabilities of such Person incurred in connection
with any transaction or series of transactions providing for the financing of assets through one or more securitizations or in connection with, or pursuant to, any synthetic lease or similar off-balance sheet financing, (viii) all Disqualified
Capital Stock issued by such Person, with the amount of Indebtedness represented by such Disqualified Capital Stock being equal to the greater of its voluntary or involuntary liquidation preference and its maximum fixed repurchase price, but
excluding accrued dividends, if any (for purposes hereof, the “maximum fixed repurchase price” of any Disqualified Capital Stock that does not have a fixed repurchase price shall be calculated in accordance with the terms of such
Disqualified Capital Stock as if such Disqualified Capital Stock were purchased on any date on which Indebtedness shall be required to be determined pursuant to this Agreement, and if such price is based upon, or measured by, the fair market value
of such Disqualified Capital Stock, such fair market value shall be determined reasonably and in good faith by the board of directors or other governing body of the issuer of such Disqualified Capital Stock), (ix) all Contingent Obligations of
such Person, (x) the principal balance outstanding and owing by such Person under any synthetic lease, tax retention operating lease or similar off-balance sheet financing product (but excluding operating leases entered into in the ordinary
course of business and consistent with such Person’s past practice), (xi) the net termination obligations of such Person under any Hedge Agreements, calculated as of any date as if such agreement or arrangement were terminated as of such
date, and (xii) all indebtedness referred to in clauses (i) through (xi) above secured by any Lien on any property or asset owned or held by such Person regardless of whether the indebtedness secured thereby shall have been assumed by
such Person or is nonrecourse to the credit of such Person. 
 “Indemnified Cost” shall have the meaning given to
such term in Section 11.1. 
 “Indemnified Person” shall have the meaning given to such term in
Section 11.1. 
 “Indemnified Taxes” shall mean (a) Taxes, other than Excluded Taxes, imposed on or with
respect to any payment made by or on account of any obligation of the Borrower under any Credit Document, and (b) to the extent not otherwise described in clause (a), Other Taxes. 

“Initial Loans” shall have the meaning given to such term in Section 2.20(f). 

“Interest Period” shall have the meaning given to such term in Section 2.10. 

“Internal Revenue Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, and any successor
statute, and all rules and regulations from time to time promulgated thereunder. 
 “Investments” shall have the meaning
given to such term in Section 8.5. 

  
 15 

 “Issuing Lender” shall mean Wells Fargo in its capacity as issuer of the Letters
of Credit, and its successors in such capacity. 
 “Lender” shall mean each financial institution signatory hereto
and each other financial institution that becomes a “Lender” hereunder pursuant to Section 11.6, and their respective successors and assigns. Unless the context clearly indicates otherwise, the term “Lenders” shall
include the Swingline Lender and the Issuing Lender. 
 “Lending Office” shall mean, with respect to any Lender, the
office of such Lender designated as such in such Lender’s Administrative Questionnaire or in connection with an Assignment and Assumption, or such other office as may be otherwise designated in writing from time to time by such Lender to the
Borrower and the Administrative Agent. A Lender may designate separate Lending Offices as provided in the foregoing sentence for the purposes of making or maintaining different Types of Loans, and, with respect to LIBOR Loans, such office may be a
domestic or foreign branch or Affiliate of such Lender. 
 “Letter of Credit Exposure” shall mean, with respect to any
Lender at any time, such Lender’s ratable share (based on the proportion that its Commitment bears to the aggregate Commitments at such time) of the sum of (i) the aggregate Stated Amount of all Letters of Credit outstanding at such time
and (ii) the aggregate amount of all Reimbursement Obligations outstanding at such time. 
 “Letter of Credit Notice”
shall have the meaning given to such term in Section 3.2. 
 “Letters of Credit” shall have the meaning given
to such term in Section 3.1. 
 “LIBOR Loan” shall mean, at any time, any Loan that bears interest at such time
at the Adjusted LIBOR Rate. 
 “LIBOR Market Index Loans” shall mean, at any time, any Loan that bears interest at such
time at the Adjusted LIBOR Market Index Rate. 
 “LIBOR Market Index Rate” shall mean, for any day, an interest rate per
annum for one month U.S. dollar deposits as reported on Reuters Screen LIBOR01 Page (or any successor page), on such day, or if such day is not a Business Day, then the immediately preceding Business Day (or if not so reported, then as determined by
the Administrative Agent from another recognized source or interbank quotation). Notwithstanding the foregoing, if the LIBOR Market Index Rate shall be less than zero, then such rate shall be deemed zero for purposes of this Agreement. 

“LIBOR Rate” shall mean, with respect to each LIBOR Loan comprising part of the same Borrowing for any Interest Period, an
interest rate per annum obtained by dividing (i)(y) the rate of interest appearing on Reuters Screen LIBOR01 Page (or any successor page) for U.S. Dollar deposits in the London interbank Eurodollar market or (z) if no such rate is
available, the rate of interest determined by the Administrative Agent to be the rate or the arithmetic mean of rates at which Dollar deposits in immediately available funds are offered to first-tier banks in the London interbank Eurodollar market,
in each case under (y) and (z) above at approximately 11:00 a.m., London time, two (2) Business Days prior to the first day of such Interest Period for a period 

  
 16 

 
substantially equal to such Interest Period and in an amount substantially equal to the amount of Wells Fargo’s LIBOR Loan comprising part of such Borrowing, by (ii) the amount equal to
1.00 minus the Reserve Requirement (expressed as a decimal) for such Interest Period. Notwithstanding the foregoing, if the LIBOR Rate shall be less than zero, then such rate shall be deemed zero for purposes of this Agreement. 

“Lien” shall mean any mortgage, pledge, hypothecation, assignment, security interest, lien (statutory or otherwise),
preference, priority, charge or other encumbrance of any nature, whether voluntary or involuntary, including, without limitation, the interest of any vendor or lessor under any conditional sale agreement, title retention agreement, capital lease or
any other lease or arrangement having substantially the same effect as any of the foregoing. 
 “Loans” shall mean any or
all of the Revolving Loans and the Swingline Loans. 
 “Margin Stock” shall have the meaning given to such term in
Regulation U. 
 “Material Adverse Change” shall mean a material adverse change in the financial condition, operations,
prospects, business, properties or assets of the Borrower and its Subsidiaries, taken as a whole. 
 “Material Adverse
Effect” shall mean a material adverse effect upon (i) the financial condition, operations, prospects, business, properties or assets of the Borrower and its Subsidiaries, taken as a whole, (ii) the ability of the Borrower or any
Subsidiary to perform its obligations under this Agreement or any of the other Credit Documents to which it is a party or (iii) the legality, validity or enforceability of this Agreement or any of the other Credit Documents or the rights and
remedies of the Administrative Agent and the Lenders hereunder and thereunder. 
 “Material Contract” shall have the
meaning given to such term in Section 5.18. 
 “Maturity Date” shall mean December 15, 2020. 

“Multiemployer Plan” shall mean any “multiemployer plan” within the meaning of Section 4001(a)(3) of ERISA to
which the Borrower or any ERISA Affiliate makes, is making or is obligated to make contributions or has made or been obligated to make contributions. 

“Non-Consenting Lender” shall mean a Lender that does not (i) approve within a reasonable period of time, as determined
by the Administrative Agent (provided such period of time shall not be less than five (5) Business Days), any consent, waiver or amendment to any Credit Document that requires the approval of all Lenders (or all Lenders directly affected
thereby) under Section 11.5 and has been approved by the Required Lenders or (ii) advise the Borrower of its decision to approve or disapprove, within the period of time the Borrower and the Administrative Agent specified in the
applicable request for a consent, waiver or amendment (provided such period of time shall not be less than five (5) Business Days), any consent, waiver or amendment to any Credit Document. 

“Note Purchase Agreements” shall mean (i) the Note Purchase Agreement in effect as of April 25, 2006 between the
Borrower and the purchasers named therein pursuant to which the 

  
 17 

 
Borrower issued the Series A Senior Notes, Tranches A and B in an aggregate amount of up to $175,000,000, and (ii) the Note Purchase Agreement dated on or about January 3, 2011 between
the Borrower and the purchasers named therein pursuant to which the Borrower issued (A) up to $50,000,000 in 4.00% Senior Notes, Tranche A, having a maturity date in January 2018 and (B) up to $45,000,000 in 4.79% Senior Notes, Tranche B,
having a maturity date in January 2021. 
 “Notes” shall mean any or all of the Revolving Notes and the Swingline Note.

 “Notice of Borrowing” shall have the meaning given to such term in Section 2.2(b). 

“Notice of Conversion/Continuation” shall have the meaning given to such term in Section 2.11(b). 

“Notice of Swingline Borrowing” shall have the meaning given to such term in Section 2.2(d). 

“Obligations” shall mean all principal of and interest (including, to the greatest extent permitted by law, post-petition
interest) on the Loans, all Reimbursement Obligations, all fees, expenses, indemnities and other obligations owing, due or payable at any time by the Borrower to the Administrative Agent, any Lender, the Issuing Lender, the Swingline Lender or any
other Person entitled thereto, under this Agreement or any of the other Credit Documents and all payment and other obligations owing or payable at any time by the Borrower to any Hedge Party under or in connection with any Hedge Agreement required
or permitted by this Agreement, and all payment and other obligations owing or payable at any time by the Borrower to any Cash Management Bank under or in connection with any Cash Management Agreement, in each case whether direct or indirect, joint
or several, absolute or contingent, matured or unmatured, liquidated or unliquidated, secured or unsecured, and whether existing by contract, operation of law or otherwise. 

“OFAC” shall mean the U.S. Department of the Treasury’s Office of Foreign Assets Control, and any successor thereto.

 “Other Connection Taxes” means, 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 Credit Document, or sold or assigned an interest in any Loan or Credit Document). 

“Other Taxes” shall mean all present or future stamp or documentary 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 Credit Document, except any such Taxes that are Other Connection Taxes imposed with
respect to an assignment (other than an assignment made pursuant to Section 2.19). 
 “PBGC” shall mean the
Pension Benefit Guaranty Corporation and any successor thereto. 

  
 18 

 “Participant” shall have the meaning given to such term in
Section 11.6(e). 
 “Participant Register” shall have the meaning given to such term in
Section 11.6(f). 
 “PATRIOT Act” shall mean the Uniting and Strengthening America by Providing Appropriate
Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT Act of 2001), as amended from time to time, and any successor statute, and all rules and regulations from time to time promulgated thereunder. 

“Permitted Acquisition” shall mean (a) any Acquisition with respect to which all of the following conditions are
satisfied: (i) each business acquired shall be within the permitted lines of business described in Section 8.8, (ii) any Capital Stock given as consideration in connection therewith shall be Capital Stock of the Borrower,
(iii) in the case of an Acquisition involving the acquisition of control of Capital Stock of any Person, immediately after giving effect to such Acquisition such Person (or the surviving Person, if the Acquisition is effected through a merger
or consolidation) shall be the Borrower or a Wholly Owned Subsidiary, and (iv) all of the conditions and requirements of Sections 6.8 and 6.9 applicable to such Acquisition are satisfied; or (b) any other Acquisition to
which the Required Lenders (or the Administrative Agent on their behalf) shall have given their prior written consent (which consent may be in their sole discretion and may be given subject to such additional terms and conditions as the Required
Lenders shall establish) and with respect to which all of the conditions and requirements set forth in this definition and in Section 6.8, and in or pursuant to any such consent, have been satisfied or waived in writing by the Required
Lenders (or the Administrative Agent on their behalf). 
 “Permitted Liens” shall have the meaning given to such term in
Section 8.3. 
 “Person” shall mean any corporation, association, joint venture, partnership, limited liability
company, organization, business, individual, trust, government or agency or political subdivision thereof or any other legal entity. 

“Plan” shall mean any “employee pension benefit plan” within the meaning of Section 3(2) of ERISA that is
subject to the provisions of Title IV of ERISA (other than a Multiemployer Plan) and to which the Borrower or any ERISA Affiliate may have any liability. 

“Platform” shall have the meaning given to such term in Section 11.4(b). 

“PPA 2006 Effective Date” means, with respect to any Plan, except as hereinafter provided, the first day of the first plan
year beginning on or after January 1, 2008, However, solely with respect to a Plan maintained pursuant to one or more collective bargaining agreements between employee representatives and one or more employers ratified before January 1,
2008, such term means the first day of the first plan year beginning on or after the earlier of (A) and (B), where (A) is the later of (x) the date on which the last collective bargaining agreement relating to the Plan
terminates (determined without regard to any extension thereof agreed to after August 17, 2006), or (y) the first day of the first plan year beginning on or after January 1, 2008; and (B) is January 1, 2010. 

“Prohibited Transaction” shall mean any transaction described in (i) Section 406 of ERISA that is not exempt by reason
of Section 408 of ERISA or by reason of a Department of 

  
 19 

 
Labor prohibited transaction individual or class exemption or (ii) Section 4975(c) of the Internal Revenue Code that is not exempt by reason of Section 4975(c)(2) or 4975(d) of the
Internal Revenue Code. 
 “Projections” shall have the meaning given to such term in Section 5.11(b). 

“Recipient” shall mean (i) the Administrative Agent, (ii) any Lender and (iii) any Issuing Lender, as
applicable, in its capacity as a Person receiving a payment under any Credit Document. 
 “Refunded Swingline Loans” shall
have the meaning given to such term in Section 2.2(e). 
 “Register” shall have the meaning given to such term
in Section 11.6(c). 
 “Regulations D, T, U and X” shall mean Regulations D, T, U and X, respectively, of the
Federal Reserve Board, and any successor regulations. 
 “Remaining Average Life” with respect to any Indebtedness, shall
mean the number of years (calculated to the nearest one-twelfth year) obtained by dividing (i) the principal amount of such Indebtedness into (ii) the sum of the products obtained by multiplying (a) the amount of each remaining
scheduled principal payments of such Indebtedness by (b) the number of years (calculated to the nearest one-twelfth year) that will elapse between the date of determination of such Indebtedness’ remaining average life and the scheduled due
dates of such Indebtedness’ principal payments. 
 “Reimbursement Obligation” shall have the meaning given to such
term in Section 3.4. 
 “Related Parties” shall mean, with respect to any Person, such Person’s Affiliates
and the partners, directors, officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 

“Reportable Event” shall mean (i) any “reportable event” within the meaning of Section 4043(c) of ERISA
for which the 30-day notice under Section 4043(a) of ERISA has not been waived by the PBGC (including any failure to meet the minimum funding standard of, or timely make any required installment under, Section 412 of the Internal Revenue
Code or Section 302 of ERISA, regardless of the issuance of any waivers in accordance with Section 412(d) of the Internal Revenue Code), (ii) any such “reportable event” subject to advance notice to the PBGC under
Section 4043(b)(3) of ERISA, (iii) any application for a funding waiver or an extension of any amortization period pursuant to Section 412 of the Internal Revenue Code, and (iv) a cessation of operations described in
Section 4062(e) of ERISA. 
 “Required Lenders” shall mean, at any time, the Lenders holding outstanding Loans
(excluding Swingline Loans) and Unutilized Commitments (or, after the termination of the Commitments, outstanding Loans (excluding Swingline Loans), Letter of Credit Exposure and participations in outstanding Swingline Loans) representing more than
fifty percent (50%) of the aggregate at such time of all outstanding Loans (excluding Swingline Loans) and Unutilized Commitments (or, after the termination of the Commitments, the aggregate at such time of all

  
 20 

 
outstanding Loans (excluding Swingline Loans), Letter of Credit Exposure and participations in outstanding Swingline Loans), provided that the Commitment of, and the portion of the
(a) the aggregate principal amount of Revolving Loans outstanding at such time, (b) the aggregate Letter of Credit Exposure of all Lenders at such time and (c) the aggregate principal amount of Swingline Loans outstanding at such time
held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. 

“Requirement of Law” shall mean, with respect to any Person, the charter, articles or certificate of organization or
incorporation and bylaws or other organizational or governing documents of such Person, and any statute, law, treaty, rule, regulation, order, decree, writ, injunction or determination of any arbitrator or court or other Governmental Authority, in
each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject or otherwise pertaining to any or all of the transactions contemplated by this Agreement and the other Credit
Documents. 
 “Reserve Requirement” shall mean, with respect to any Interest Period, the reserve percentage (expressed as a
decimal) in effect from time to time during such Interest Period, as provided by the Federal Reserve Board, applied for determining the maximum reserve requirements (including, without limitation, basic, supplemental, marginal and emergency
reserves) applicable to Wells Fargo under Regulation D with respect to “Eurocurrency liabilities” within the meaning of Regulation D, or under any similar or successor regulation with respect to Eurocurrency liabilities or Eurocurrency
funding. 
 “Responsible Officer” shall mean, with respect to the Borrower, the president, the chief executive officer, the
chief financial officer, any executive officer, or any other Financial Officer of the Borrower, and any other officer or similar official thereof responsible for the administration of the obligations of the Borrower in respect of this Agreement.

 “Restatement Effective Date” shall mean the date upon which this Agreement becomes effective pursuant to
Section 4.1. 
 “Restricted Payments” shall have the meaning given to such term in Section 8.6.

 “Revolving Commitment Increase” shall have the meaning given to such term in Section 2.20(a). 

“Revolving Loans” shall have the meaning given to such term in Section 2.1(a). 

“Revolving Notes” shall mean the promissory notes of the Borrower in substantially the form of Exhibit A-1, together
with any amendments, modifications and supplements thereto, substitutions therefor and restatements thereof. 
 “Sanctions”
means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by the U.S. government (including those administered by OFAC), the European Union, Her Majesty’s Treasury, or other relevant sanctions
authority. 

  
 21 

 “Sanctioned Country” shall mean at any time, a country or territory which is
itself the subject or target of any Sanctions (including, without limitation, 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 OFAC, the U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury, or other relevant sanctions authority, (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 clauses (a) and (b). 
 “Stated
Amount” shall mean, with respect to any Letter of Credit at any time, the aggregate amount available to be drawn thereunder at such time (regardless of whether any conditions for drawing could then be met). 

“Subsequent Borrowings” shall have the meaning given to such term in Section 2.20(f). 

“Subsidiary” shall mean, with respect to any Person, any corporation or other Person of which more than fifty percent
(50%) of the outstanding Capital Stock having ordinary voting power to elect a majority of the board of directors, board of managers or other governing body of such Person, is at the time, directly or indirectly, owned or controlled by such
Person and one or more of its other Subsidiaries or a combination thereof (irrespective of whether, at the time, securities of any other class or classes of any such corporation or other Person shall or might have voting power by reason of the
happening of any contingency). When used without reference to a parent entity, the term “Subsidiary” shall be deemed to refer to a Subsidiary of the Borrower. 

“Subsidiary Guarantor” shall mean any Subsidiary of the Borrower that is a guarantor under the Subsidiary Guaranty. 

“Subsidiary Guaranty” shall mean a guaranty agreement made by the Subsidiary Guarantors in favor of the Administrative Agent
and the Lenders, in substantially the form of Exhibit E, as amended, modified or supplemented from time to time. 

“Sweep Program” shall mean the Wells Fargo Sweep Plus Loan Program, as such program is in effect from time to time between
the Borrower and Wells Fargo. 
 “Swingline Commitment” shall mean $30,000,000 or, if less, the aggregate Commitments at
the time of determination, as such amount may be reduced 
 “Swingline Exposure” shall mean, with respect to any Lender at
any time, its maximum aggregate liability to make Refunded Swingline Loans pursuant to Section 2.2(e) to refund, or to purchase participations pursuant to Section 2.2(f) in, Swingline Loans that are outstanding at such time.

 “Swingline Lender” shall mean Wells Fargo in its capacity as maker of Swingline Loans, and its successors in such
capacity. 

  
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 “Swingline Loans” shall have the meaning given to such term in
Section 2.1(b). 
 “Swingline Maturity Date” shall mean the date that is five (5) Business Days prior to
the Maturity Date. 
 “Swingline Note” shall mean the promissory note of the Borrower in substantially the form of
Exhibit A-2, together with any amendments, modifications and supplements thereto, substitutions therefor and restatements thereof. 

“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. 

“Term Loan” shall have the meaning given to such term in Section 2.20(a). 

“Term Loan Commitment” shall have the meaning given to such term in Section 2.20(a). 

“Termination Date” shall mean the Maturity Date or such earlier date of termination of the Commitments pursuant to
Section 2.5 or Section 9.2. 
 “Type” shall have the meaning given to such term in
Section 2.2(a). 
 “Unfunded Pension Liability” shall mean, with respect to any Plan or Multiemployer
Plan, the excess of its benefit liabilities under Section 4001(a)(16) of ERISA over the current value of its assets, determined in accordance with the applicable assumptions used for funding under Section 412 of the Internal Revenue Code
for the applicable plan year. 
 “Unutilized Commitment” shall mean, with respect to any Lender at any time, such
Lender’s Commitment at such time less the sum of (i) the aggregate principal amount of all Revolving Loans made by such Lender that are outstanding at such time and (ii) such Lender’s Letter of Credit Exposure at such
time. 
 “Unutilized Swingline Commitment” shall mean, with respect to the Swingline Lender at any time, the Swingline
Commitment at such time less the aggregate principal amount of all Swingline Loans that are outstanding at such time. 
 “Wells
Fargo” shall mean Wells Fargo Bank, National Association. 
 “Wells Fargo Fee Letter” shall mean the letter from
Wells Fargo and Wells Fargo Securities to the Borrower, dated November 17, 2015, relating to certain fees payable by the Borrower in respect of the transactions contemplated by this Agreement, as amended, modified or supplemented from time to
time. 
 “Wells Fargo Securities” shall mean Wells Fargo Securities, LLC. 

“Wholly Owned” shall mean, with respect to any Subsidiary of any Person, that 100% of the outstanding Capital Stock of such
Subsidiary (excluding in the case of Foreign Subsidiaries and other Persons organized outside the United States of America only, any directors’ qualifying shares and shares or other equity interests held by foreign nationals) is owned, directly
or indirectly, by such Person. 

  
 23 

 “Withholding Agent” shall mean the Borrower and the Administrative Agent. 

1.2 Accounting Terms. Except as specifically provided otherwise in this Agreement, all accounting terms used herein that are not
specifically defined shall have the meanings customarily given them in accordance with GAAP. Notwithstanding anything to the contrary in this Agreement, for purposes of calculation of the financial covenants set forth in ARTICLE VII and
otherwise, including Section 6.8, all accounting determinations and computations hereunder shall be made in accordance with GAAP as in effect as of the date of this Agreement applied on a basis consistent with the application used in
preparing the most recent financial statements of the Borrower referred to in Section 5.11(a). In the event that any changes in GAAP after the date of this Agreement are required to be applied to the Borrower and would affect the
computation of the financial covenants contained in ARTICLE VII and otherwise, including Section 6.8, such changes shall be followed in this Agreement only from and after the date this Agreement shall have been amended to take
into account any such changes. The foregoing shall not be construed to prohibit the Borrower from changing its financial statements so that such financial statements comply with GAAP. Notwithstanding the foregoing, (a) leases shall continue to
be classified and accounted for on a basis consistent with that reflected in the financial statements described in Section 5.11(a) for all purposes of this Agreement (including the determination of the Applicable Margin Percentage),
notwithstanding any change in GAAP relating thereto, unless this Agreement shall have been amended to take into account any such changes, and (b) for purposes of determining compliance with any covenant (including the computation of any
financial covenant) contained herein, any election or requirement to measure any financial liability using fair value shall be disregarded.  

1.3 Other Terms; Construction. The definitions of terms herein shall apply equally to the singular and plural forms of the terms
defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be deemed to be
followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise (i) any definition
of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on
such amendments, supplements or modifications set forth herein), (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein,”
“hereof” and “hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections,
Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, (e) any reference to any law or regulation herein shall, unless otherwise specified, refer to such law or regulation
as amended, modified or supplemented from time to time, and (f) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets
and properties, including cash, securities, accounts and contract rights. 

  
 24 

 ARTICLE II 

AMOUNT AND TERMS OF THE LOANS 

2.1 Commitments. 
 (a)
Each Lender severally agrees, subject to and on the terms and conditions of this Agreement, to make loans (each, a “Revolving Loan,” and collectively, the “Revolving Loans”) to the Borrower, from time to time on any
Business Day during the period from and including the Restatement Effective Date to but not including the Termination Date, in an aggregate principal amount at any time outstanding not greater than the excess, if any, of its Commitment at such time
over its Letter of Credit Exposure at such time, provided that no Borrowing of Revolving Loans shall be made if, immediately after giving effect thereto, the sum of (x) the aggregate principal amount of Revolving Loans outstanding at
such time, (y) the aggregate Letter of Credit Exposure of all Lenders at such time and (z) the aggregate principal amount of Swingline Loans outstanding at such time (excluding the aggregate amount of any Swingline Loans to be repaid with
proceeds of Revolving Loans made pursuant to such Borrowing) would exceed the aggregate Commitments at such time. Subject to and on the terms and conditions of this Agreement, the Borrower may borrow, repay and reborrow Revolving Loans. 

(b) The Swingline Lender agrees, subject to and on the terms and conditions of this Agreement and the Sweep Program (as long as it remains in
effect), to make loans (each, a “Swingline Loan,” and collectively, the “Swingline Loans”) to the Borrower, from time to time on any Business Day during the period from and including the Restatement Effective Date
to but not including the Swingline Maturity Date (or, if earlier, the Termination Date), in an aggregate principal amount at any time outstanding not exceeding the Swingline Commitment, notwithstanding that the aggregate principal amount of
Swingline Loans outstanding at any time, when added to the aggregate principal amount of the Revolving Loans made by the Swingline Lender in its capacity as a Lender outstanding at such time and its Letter of Credit Exposure at such time, may exceed
its Commitment at such time, but provided that no Borrowing of Swingline Loans shall be made if, immediately after giving effect thereto, the sum of (x) the aggregate principal amount of Revolving Loans outstanding at such time, (y) the
aggregate Letter of Credit Exposure of all Lenders at such time and (z) the aggregate principal amount of Swingline Loans outstanding at such time would exceed the aggregate Commitments at such time, and provided further that the
Swingline Lender shall not make any Swingline Loan if any Lender is at that time a Defaulting Lender, unless the Swingline Lender has entered into arrangements, including the delivery of Cash Collateral, satisfactory to the Swingline Lender (in its
sole discretion) with the Borrower or such Lender to eliminate the Swingline Lender’s actual or potential Fronting Exposure (after giving effect to Section 2.21(a)(iii)) with respect to the Defaulting Lender arising from either the
Swingline Loan then proposed to be made or that the Swingline Loan and all other Swingline Loans as to which the Swingline Lender has actual or potential Fronting Exposure, as it may elect in its sole discretion. Subject to and on the terms and
conditions of this Agreement and the Sweep Program (as long as it remains in effect), the Borrower may borrow, repay (including by means of a Borrowing of Revolving Loans pursuant to Section 2.2(e)) and reborrow Swingline Loans. By their
execution of this Agreement, the Borrower, Wells Fargo, and the Lenders hereby agree that effective as of the Restatement Effective Date (i) the aggregate outstanding principal balance of loans (not exceeding the

  
 25 

 
Swingline Commitment) made under the Sweep Program shall be Swingline Loans under this Agreement and the Sweep Program and subject to the terms hereof and thereof, (ii) Wells Fargo shall be
the Swingline Lender hereunder with respect to such Swingline Loans, and (iii) the applicable provisions of the Existing Credit Agreement with respect to such Swingline Loans are replaced by this Agreement. 

2.2 Borrowings. 
 (a) The
Revolving Loans shall, at the option of the Borrower and subject to the terms and conditions of this Agreement, be either Base Rate Loans, LIBOR Loans or LIBOR Market Index Loans (each, a “Type” of Loan), provided that
(i) all Loans comprising the same Borrowing shall, unless otherwise specifically provided herein, be of the same Type, and (ii) no Borrowing of LIBOR Loans may be made at any time prior to the third (3rd) Business Day after the Restatement Effective Date. The Swingline Loans shall be made and maintained as LIBOR Market Index Loans at all times. 

(b) In order to make a Borrowing (other than (w) Borrowings of Swingline Loans which shall be made pursuant to
Section 2.2(d), (x) Borrowings for the purpose of repaying Refunded Swingline Loans, which shall be made pursuant to Section 2.2(e), (y) Borrowings for the purpose of paying unpaid Reimbursement Obligations, which
shall be made pursuant to Section 3.5, and (z) Borrowings involving continuations or conversions of outstanding Loans, which shall be made pursuant to Section 2.11), the Borrower will give the Administrative Agent
written notice not later than 11:00 a.m., Charlotte time, three (3) Business Days prior to each Borrowing to be comprised of LIBOR Loans and not later than 11:00 a.m. on the requested Borrowing Date for each Borrowing to be comprised of Base
Rate Loans or LIBOR Market Index Loans; provided, however, that requests for the Borrowing of any Revolving Loans to be made on the Restatement Effective Date may, at the discretion of the Administrative Agent, be given later than the
times specified hereinabove. Each such notice (each, a “Notice of Borrowing”) shall be irrevocable, shall be given in the form of Exhibit B-1 and shall specify (1) the aggregate principal amount and initial Type of
the Loans to be made pursuant to such Borrowing, (2) in the case of a Borrowing of LIBOR Loans, the initial Interest Period to be applicable thereto, and (3) the requested date of such Borrowing (the “Borrowing Date”),
which shall be a Business Day. Upon its receipt of a Notice of Borrowing, the Administrative Agent will promptly notify each Lender of the proposed Borrowing. Notwithstanding anything to the contrary contained herein: 

(i) the aggregate principal amount of each Borrowing (other than Borrowings of Swingline Loans which shall be made
pursuant to Section 2.2(d)) shall not be less than $1,000,000 or, if greater, an integral multiple of $500,000 in excess thereof (or, if less, in the amount of the aggregate Unutilized Commitments); 

(ii) if the Borrower shall have failed to designate the Type of Loans comprising a Borrowing, the Borrower shall be deemed to
have requested a Borrowing comprised of LIBOR Market Index Loans (other than Borrowings that are Swingline Loans); and 

  
 26 

 (iii) if the Borrower shall have failed to select the duration of the Interest
Period to be applicable to any Borrowing of LIBOR Loans, then the Borrower shall be deemed to have selected an Interest Period with a duration of one month. 

(c) Not later than 1:00 p.m., Charlotte time, on the requested Borrowing Date, each Lender will make available to the Administrative
Agent at its office referred to in Section 11.4 (or at such other location as the Administrative Agent may designate) an amount, in Dollars and in immediately available funds, equal to the amount of the Loan to be made by such Lender. To
the extent (i) the Lenders have made such amounts available to the Administrative Agent as provided hereinabove, and (ii) the conditions precedent in Section 4.2 are satisfied, the Administrative Agent will make the aggregate
of such amounts available to the Borrower not later than 3:00 p.m. on the requested Borrowing Date, in accordance with Section 2.3(a) and in like funds as received by the Administrative Agent. 

(d) Borrowings for Swingline Loans will be made pursuant to the Sweep Program as long as the Sweep Program is in effect. However, upon
termination of the Sweep Program, the Borrower will give the Administrative Agent and the Swingline Lender written notice not later than 11:00 a.m., Charlotte time, on the requested Borrowing Date, in order to make a Borrowing of a Swingline Loan.
Each such notice (each, a “Notice of Swingline Borrowing”) shall be irrevocable, shall be given in the form of Exhibit B-2 and shall specify (i) the principal amount of the Swingline Loan to be made pursuant to such
Borrowing (which shall not be less than $500,000 and, if greater, shall be in an integral multiple of $100,000 in excess thereof (or, if less, in the amount of the Unutilized Swingline Commitment)) and (ii) the requested Borrowing Date, which
shall be a Business Day. Not later than 2:00 p.m., Charlotte time, on the requested Borrowing Date, the Swingline Lender will make available to the Administrative Agent at its office referred to in Section 11.4 (or at such other location
as the Administrative Agent may designate) an amount, in Dollars and in immediately available funds, equal to the amount of the requested Swingline Loan. To the extent the Swingline Lender has made such amount available to the Administrative Agent
as provided hereinabove (if the Administrative Agent is different from the Swingline Lender), the Administrative Agent will make such amount available to the Borrower in accordance with Section 2.3(a) and in like funds as received by the
Administrative Agent. 
 (e) With respect to any outstanding Swingline Loans, the Swingline Lender may at any time (regardless
of whether an Event of Default has occurred and is continuing or whether the Sweep Program is in effect) in its sole and absolute discretion, and is hereby authorized and empowered by the Borrower to, cause a Borrowing of Revolving Loans to be made
for the purpose of repaying such Swingline Loans by delivering to the Administrative Agent (if the Administrative Agent is different from the Swingline Lender) and each other Lender (on behalf of, and with a copy to, the Borrower), not later than
11:00 a.m., Charlotte time, on the requested Borrowing Date, a notice (which shall be deemed to be a Notice of Borrowing given by the Borrower) requesting the Lenders to make Revolving Loans (which shall be made initially as LIBOR Market Index
Loans) on such Borrowing Date in an aggregate amount equal to the amount of such Swingline Loans (the “Refunded Swingline Loans”) outstanding on the date such notice is given that the Swingline Lender requests to be repaid. Not
later than 1:00 p.m., Charlotte time, on the requested Borrowing Date, each Lender (other than the Swingline Lender) will make available to the Administrative Agent at its office referred to in Section 11.4 (or at 

  
 27 

 
such other location as the Administrative Agent may designate) an amount, in Dollars and in immediately available funds, equal to the amount of the Revolving Loan to be made by such Lender.
To the extent the Lenders have made such amounts available to the Administrative Agent as provided hereinabove, the Administrative Agent will make the aggregate of such amounts available to the Swingline Lender in like funds as received by the
Administrative Agent, which shall apply such amounts in repayment of the Refunded Swingline Loans. Notwithstanding any provision of this Agreement to the contrary, on the relevant Borrowing Date, the Refunded Swingline Loans (including the Swingline
Lender’s ratable share thereof, in its capacity as a Lender) shall be deemed to be repaid with the proceeds of the Revolving Loans made as provided above (including a Revolving Loan deemed to have been made by the Swingline Lender), and such
Refunded Swingline Loans deemed to be so repaid shall no longer be outstanding as Swingline Loans but shall be outstanding as Revolving Loans. If any portion of any such amount repaid (or deemed to be repaid) to the Swingline Lender shall be
recovered by or on behalf of the Borrower from the Swingline Lender in any bankruptcy, insolvency or similar proceeding or otherwise, the loss of the amount so recovered shall be shared ratably among all the Lenders in the manner contemplated by
Section 2.15(b). 
 (f) If, as a result of any bankruptcy, insolvency or similar proceeding with respect to the
Borrower, Revolving Loans are not made pursuant to subsection (e) above in an amount sufficient to repay any amounts owed to the Swingline Lender in respect of any outstanding Swingline Loans, or if the Swingline Lender is otherwise precluded
for any reason from giving a notice on behalf of the Borrower as provided for hereinabove, the Swingline Lender shall be deemed to have sold without recourse, representation or warranty, and each Lender shall be deemed to have purchased and hereby
agrees to purchase, a participation in such outstanding Swingline Loans in an amount equal to its ratable share (based on the proportion that its Commitment bears to the aggregate Commitments at such time) of the unpaid amount thereof together with
accrued interest thereon. Upon one (1) Business Day’s prior notice from the Swingline Lender, each Lender (other than the Swingline Lender) will make available to the Administrative Agent at its office referred to in
Section 11.4 (or at such other location as the Administrative Agent may designate) an amount, in Dollars and in immediately available funds, equal to its respective participation. To the extent the Lenders have made such amounts
available to the Administrative Agent as provided hereinabove, the Administrative Agent will make the aggregate of such amounts available to the Swingline Lender in like funds as received by the Administrative Agent. In the event any such Lender
fails to make available to the Administrative Agent the amount of such Lender’s participation as provided in this subsection (f), the Swingline Lender shall be entitled to recover such amount on demand from such Lender, together with interest
thereon for each day from the date such amount is required to be made available for the account of the Swingline Lender until the date such amount is made available to the Swingline Lender at the Federal Funds Rate for the first three
(3) Business Days and thereafter at the Adjusted Base Rate applicable to Revolving Loans. Promptly following its receipt of any payment by or on behalf of the Borrower in respect of a Swingline Loan, the Swingline Lender will pay to each Lender
that has acquired a participation therein such Lender’s ratable share of such payment. 
 (g) Notwithstanding any provision of
this Agreement to the contrary, the obligation of each Lender (other than the Swingline Lender) to make Revolving Loans for the purpose of repaying any Refunded Swingline Loans pursuant to subsection (e) above and each such

  
 28 

 
Lender’s obligation to purchase a participation in any unpaid Swingline Loans pursuant to subsection (f) above shall be absolute and unconditional and shall not be affected by
any circumstance or event whatsoever, including, without limitation, (i) any set-off, counterclaim, recoupment, defense or other right that such Lender may have against the Swingline Lender, the Administrative Agent, the Borrower or any other
Person for any reason whatsoever, (ii) the occurrence or continuance of any Default or Event of Default, (iii) any adverse change in the business, operations, properties, assets, condition (financial or otherwise) or prospects of the
Borrower or any of its Subsidiaries, (iv) any breach of this Agreement or the Sweep Program by any party hereto, (v) whether the Sweep Program is in effect or (vi) the failure of the conditions set forth in Section 4.2 or
elsewhere herein to be satisfied. 
 2.3 Disbursements; Funding Reliance; Domicile of Loans. 

(a) The Borrower hereby authorizes the Administrative Agent to disburse the proceeds of each Borrowing in accordance with the terms of any
written instructions from any of the Authorized Officers or pursuant to the terms of the Sweep Program, as applicable, provided that the Administrative Agent shall not be obligated under any circumstances to forward amounts to any account not
listed in an Account Designation Letter or pursuant to the Sweep Program. The Borrower may at any time deliver to the Administrative Agent an Account Designation Letter listing any additional accounts or deleting any accounts listed in a previous
Account Designation Letter. 
 (b) Unless the Administrative Agent has received, prior to 1:00 p.m., Charlotte time, on the relevant
Borrowing Date, written notice from a Lender that such Lender will not make available to the Administrative Agent such Lender’s ratable portion, if any, of the relevant Borrowing, the Administrative Agent may assume that such Lender has made
such portion available to the Administrative Agent in immediately available funds on such Borrowing Date in accordance with the applicable provisions of Section 2.2, and the Administrative Agent may, in reliance upon such assumption, but
shall not be obligated to, make a corresponding amount available to the Borrower on such Borrowing Date. If and to the extent that such Lender shall not have made such portion available to the Administrative Agent, and the Administrative Agent shall
have made such corresponding amount available to the Borrower, such Lender, on the one hand, and the Borrower, on the other, severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount, together with interest
thereon for each day from and including the date such amount is made available to the Borrower to but excluding the date such amount is repaid to the Administrative Agent, at (i) in the case of payment to be made by such Lender, the greater of
the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, and (ii) in the case of payment to be made by the Borrower, at the rate of interest applicable at such
time to the Type of Loans comprising such Borrowing, as determined under the provisions of Section 2.8. If the Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the
Administrative Agent shall promptly remit to the Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the amount so paid shall
constitute such Lender’s Loan as part of such Borrowing for purposes of this Agreement. The failure of any Lender to make any Loan required to be made by it as part of any Borrowing shall not relieve any other Lender of its obligation, if any,
hereunder to make its Loan as part of such  

  
 29 

 
Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Loan to be made by such other Lender as part of any Borrowing. Any such repayment by the Borrower
shall not prejudice its rights with respect to a Lender who has not made its portion of a Borrowing available to the Administrative Agent. 

(c) The obligations of the Lenders hereunder to make Loans, to fund participations in Letters of Credit and Swingline Loans and to make
payments pursuant to Section 11.1(c) are several and not joint. The failure of any Lender to make any Loan, to fund any such participation or to make any such payment on any date shall not relieve any other Lender of its corresponding
obligation, if any, hereunder to do so on such date, but no Lender shall be responsible for the failure of any other Lender to so make its Loan, purchase its participation or to make any such payment required hereunder. 

(d) Each Lender may, at its option, make and maintain any Loan at, to or for the account of any of its Lending Offices, provided that
any exercise of such option shall not affect the obligation of the Borrower to repay such Loan to or for the account of such Lender in accordance with the terms of this Agreement. 

2.4 Evidence of Debt; Notes. 

(a) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to the
applicable Lending Office of such Lender resulting from each Loan made by such Lending Office of such Lender from time to time, including the amounts of principal and interest payable and paid to such Lending Office of such Lender from time to time
under this Agreement. 
 (b) The Administrative Agent shall maintain the Register pursuant to Section 11.6(c), and a
subaccount for each Lender, in which Register and subaccounts (taken together) shall be recorded (i) the amount of each such Loan and Type of each such Loan and the Interest Period applicable thereto, (ii) the amount of any principal or
interest due and payable or to become due and payable from the Borrower to each Lender hereunder in respect of each such Loan and (iii) the amount of any sum received by the Administrative Agent hereunder from the Borrower in respect of each
such Loan and each Lender’s share thereof. 
 (c) The entries made in the accounts, Register and subaccounts maintained
pursuant to Section 2.4(b) (and, if consistent with the entries of the Administrative Agent, Section 2.4(a)) shall, to the extent permitted by applicable law, be prima facie evidence of the existence and amounts of the
obligations of the Borrower therein recorded; provided, however, that the failure of any Lender or the Administrative Agent to maintain such account, such Register or such subaccount, as applicable, or any error therein, shall not in
any manner affect the obligation of the Borrower to repay (with applicable interest) the Loans actually made to the Borrower by such Lender in accordance with the terms of this Agreement. 

(d) The Loans made by each Lender shall, if requested by the applicable Lender (which request shall be made to the Administrative Agent), be
evidenced (i) in the case of Revolving Loans, by a Revolving Note, and (ii) in the case of the Swingline Loans, by a Swingline Note, in each case executed by the Borrower and payable to the order of such Lender. Each Note shall be entitled
to all of the benefits of this Agreement and the other Credit Documents and shall be subject to the provisions hereof and thereof. 

  
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 2.5 Termination and Reduction of Commitments and Swingline Commitment. 

(a) The Commitments shall be automatically and permanently terminated on the Termination Date. The Swingline Commitment shall be
automatically and permanently terminated on the Swingline Maturity Date, unless sooner terminated pursuant to any other provision of this Section 2.5 or Section 9.2. 

(b) At any time and from time to time after the date hereof, upon not less than five (5) Business Days’ prior written notice to the
Administrative Agent (and, in the case of a termination or reduction of the Unutilized Swingline Commitment, the Swingline Lender), the Borrower may terminate in whole or reduce in part the aggregate Unutilized Commitments or the Unutilized
Swingline Commitment, provided that any such partial reduction shall be in an aggregate amount of not less than $10,000,000 or, if greater, an integral multiple of $5,000,000 in excess thereof ($1,000,000 or if greater, an integral multiple
of $100,000 in the case of the Unutilized Swingline Commitment). The amount of any termination or reduction made under this subsection (b) may not thereafter be reinstated. 

(c) Each reduction of the Commitments pursuant to this Section 2.5 shall be applied ratably among the Lenders according to their
respective Commitments. Notwithstanding any provision of this Agreement to the contrary, any reduction of the Commitments pursuant to this Section 2.5 that has the effect of reducing the aggregate Commitments to an amount less than the amount
of the Swingline Commitment at such time shall result in an automatic corresponding reduction of the Swingline Commitment to the amount of the aggregate Commitments (as so reduced), without any further action on the part of the Borrower or the
Swingline Lender. 
 2.6 Mandatory Payments and Prepayments. 

(a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, (i) the aggregate outstanding principal of the
Revolving Loans shall be due and payable in full on the Maturity Date and (ii) the aggregate outstanding principal of the Swingline Loans shall be due and payable in full on the Swingline Maturity Date. 

(b) In the event that, at any time, the sum of (x) the aggregate principal amount of Revolving Loans outstanding at such time,
(y) the aggregate Letter of Credit Exposure of all Lenders at such time and (z) the aggregate principal amount of Swingline Loans outstanding at such time (excluding the aggregate amount of any Swingline Loans to be repaid with proceeds of
Revolving Loans made on the date of determination) shall exceed the aggregate Commitments at such time (after giving effect to any concurrent termination or reduction thereof), (i) the Borrower will immediately prepay the outstanding principal
amount of the Swingline Loans, (ii) to the extent of any excess remaining after prepayment in full of outstanding Swingline Loans, the Borrower will immediately prepay the outstanding principal amount of the Revolving Loans in the amount of
such excess, and (iii) to the extent of any excess remaining after prepayment in full of outstanding Swingline Loans and outstanding Revolving Loans, the Borrower will pay into the Cash Collateral Account as cover for Letter of Credit Exposure,
as more particularly described in Section 3.8, and thereupon such cash shall be deemed to reduce the aggregate Letter of Credit Exposure in the amount of such excess. 

  
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 (c) Each payment or prepayment pursuant to the provisions of this Section 2.6
shall be applied ratably among the Lenders holding the Loans being prepaid, in proportion to the principal amount held by each. 

(d) Each payment or prepayment of a LIBOR Loan made pursuant to the provisions of this Section 2.6 on a day other than the
last day of the Interest Period applicable thereto shall be made together with all amounts required under Section 2.18 to be paid as a consequence thereof. 

2.7 Voluntary Prepayments. 

(a) At any time and from time to time, the Borrower shall have the right to prepay the Loans, in whole or in part, without premium or penalty
(except as provided in clause (C) below), (i) pursuant to the Sweep Program, if such program is in effect, with respect to Swingline Loans, or (ii) otherwise upon written notice given to the Administrative Agent not later than 11:00
a.m., Charlotte time, three (3) Business Days prior to each intended prepayment of LIBOR Loans and one (1) Business Day prior to each intended prepayment of Base Rate Loans (other than LIBOR Market Index Loans and Swingline Loans),
provided that (A) each partial prepayment shall be in an aggregate principal amount of not less than $1,000,000 or, if greater, an integral multiple of $500,000 in excess thereof ($500,000 and $100,000, respectively, in the case of
Swingline Loans), (B) no partial prepayment of LIBOR Loans made pursuant to any single Borrowing shall reduce the aggregate outstanding principal amount of the remaining LIBOR Loans under such Borrowing to less than $1,000,000 or to any greater
amount not an integral multiple of $500,000 in excess thereof, and (C) unless made together with all amounts required under Section 2.18 to be paid as a consequence of such prepayment, a prepayment of a LIBOR Loan may be made only
on the last day of the Interest Period applicable thereto. Each such notice shall specify the proposed date of such prepayment and the aggregate principal amount and Type of the Loans to be prepaid (and, in the case of LIBOR Loans, the Interest
Period of the Borrowing pursuant to which made), and shall be irrevocable and shall bind the Borrower to make such prepayment on the terms specified therein. Loans prepaid pursuant to this subsection (a) may be reborrowed, subject to the terms
and conditions of this Agreement. 
 (b) Each prepayment of the Loans made pursuant to subsection (a) above shall be applied ratably
among the Lenders holding the Loans being prepaid, in proportion to the principal amount held by each, provided that if any Lender is a Defaulting Lender at the time of any such prepayment, any voluntary prepayment of the Loans shall, if the
Administrative Agent so directs at the time of making such voluntary prepayment, first be applied to the Loans of other Lenders as if such Defaulting Lender had no Loans outstanding and the outstanding Loans of such Defaulting Lender were zero. 

2.8 Interest. 
 (a) The
Borrower will pay interest in respect of the unpaid principal amount of each Loan, from the date of Borrowing thereof until such principal amount shall be paid in full, at the 

  
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rate equal to the sum of the rate provided for in the Sweep Program for Swingline Loans plus the Adjusted LIBOR Rate, as long as the Sweep Program remains in effect, and otherwise (i) at the
Adjusted Base Rate, as in effect from time to time during such periods as such Loan is a Base Rate Loan, (ii) at the Adjusted LIBOR Rate, as in effect from time to time during such periods as such Loan is a LIBOR Loan, and (iii) at the
Adjusted LIBOR Market Index Rate, as in effect from time to time during such periods as such Loan is a LIBOR Market Index Loan. 
 (b) Upon
the occurrence and during the continuance of any default by the Borrower in the payment of any principal of or interest on any Loan, any fees or other amount hereunder when due (whether at maturity, pursuant to acceleration or otherwise), and (at
the election of the Required Lenders) upon the occurrence and during the continuance of any other Event of Default, all outstanding principal amounts of the Loans and, to the greatest extent permitted by law, all interest accrued on the Loans and
all other accrued and outstanding fees and other amounts hereunder, shall bear interest at a rate per annum equal to the interest rate applicable from time to time thereafter to such Loans (whether the rate provided for in the Sweep Program, the
Adjusted Base Rate, the Adjusted LIBOR Rate or the Adjusted LIBOR Market Index Rate) plus 2% (or, in the case of fees and other amounts, at the Adjusted Base Rate plus 2%), and, in each case, such default interest shall be payable on demand. To the
greatest extent permitted by law, interest shall continue to accrue after the filing by or against the Borrower of any petition seeking any relief in bankruptcy or under any law pertaining to insolvency or debtor relief. 

(c) Accrued (and theretofore unpaid) interest shall be payable as follows: 

(i) in respect of each Base Rate Loan and each LIBOR Market Index Loan (including any Base Rate Loan and any LIBOR
Market Index Loan or portion thereof paid or prepaid pursuant to the provisions of Section 2.6, except as provided hereinbelow), in arrears on the last Business Day of each calendar quarter, beginning with the first such day to occur
after the Restatement Effective Date; provided, that in the event the Loans are repaid or prepaid in full and the Commitments have been terminated, then accrued interest in respect of all Base Rate Loans and all LIBOR Market Index Loans shall
be payable together with such repayment or prepayment of outstanding principal on the date thereof; 
 (ii) in
respect of each LIBOR Loan (including any LIBOR Loan or portion thereof paid or prepaid pursuant to the provisions of Section 2.6, except as provided hereinbelow), in arrears (y) on the last Business Day of the Interest Period
applicable thereto (subject to the provisions of clause (iv) in Section 2.10) and (z) in addition, in the case of a LIBOR Loan with an Interest Period having a duration of six months or longer, on each date on which interest
would have been payable under clause (y) above had successive Interest Periods of three months’ duration been applicable to such LIBOR Loan; provided, that in the event all LIBOR Loans made pursuant to a single Borrowing are repaid
or prepaid in full, then accrued interest in respect of such LIBOR Loans shall be payable together with such repayment or prepayment on the date thereof; 

(iii) in respect of each Swingline Loan, pursuant to the terms of the Sweep Program as long as it remains in effect but
otherwise in accordance with clause (i) of this Section 2.8; provided, that in the event the Loans are repaid or prepaid in full and the  

  
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Commitments have been terminated, then accrued interest in respect of all Swingline Loans shall be payable together with such repayment or prepayment on the date thereof; and 

(iv) in respect of any Loan, at maturity (whether pursuant to acceleration or otherwise) and, after maturity, on demand. 

(d) Nothing contained in this Agreement or in any other Credit Document shall be deemed to establish or require the payment of interest to any
Lender at a rate in excess of the maximum rate permitted by applicable law. If the amount of interest payable for the account of any Lender on any interest payment date would exceed the maximum amount permitted by applicable law to be charged by
such Lender, the amount of interest payable for its account on such interest payment date shall be automatically reduced to such maximum permissible amount. In the event of any such reduction affecting any Lender, if from time to time thereafter the
amount of interest payable for the account of such Lender on any interest payment date would be less than the maximum amount permitted by applicable law to be charged by such Lender, then the amount of interest payable for its account on such
subsequent interest payment date shall be automatically increased to such maximum permissible amount, provided that at no time shall the aggregate amount by which interest paid for the account of any Lender has been increased pursuant to this
sentence exceed the aggregate amount by which interest paid for its account has theretofore been reduced pursuant to the previous sentence. 

(e) The Administrative Agent shall promptly notify the Borrower and the Lenders upon determining the interest rate for each Borrowing of LIBOR
Loans after its receipt of the relevant Notice of Borrowing or Notice of Conversion/Continuation, and upon each change in the Adjusted Base Rate; provided, however, that the failure of the Administrative Agent to provide the Borrower
or the Lenders with any such notice shall neither affect any obligations of the Borrower or the Lenders hereunder nor result in any liability on the part of the Administrative Agent to the Borrower or any Lender. Each such determination (including
each determination of the Reserve Requirement) shall, absent manifest error, be conclusive and binding on all parties hereto. 
 (f)
In the event that any financial statement or Compliance Certificate delivered pursuant to Section 5.11, 6.1 or 6.2 is shown to be inaccurate (regardless of whether this Agreement or the Commitments are in effect when such
inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Margin Percentage for any Lender for any period (an “Applicable Period”) than the Applicable Margin Percentage
applied for such Applicable Period, then the Borrower shall immediately (i) deliver to the Administrative Agent a correct Compliance Certificate for such Applicable Period, (ii) determine the Applicable Margin Percentage for such
Applicable Period based upon the corrected Compliance Certificate, and (iii) immediately pay to the Administrative Agent the accrued additional interest and commitment fees owing as a result of such increased Applicable Margin Percentage for
such Lender for such Applicable Period, which payment shall be promptly applied by the Administrative Agent in accordance with Section 2.12(e). This Section 2.8(f) is in addition to the rights of the Administrative Agent and
Lenders with respect to Sections 2.8(b) and 9.1 and other respective rights under this Agreement. 

  
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 2.9 Fees. The Borrower agrees to pay: 

(a) To the Arrangers, for their own respective accounts, on the Restatement Effective Date, the fees required under the Commitment Letter and
the Wells Fargo Fee Letter to be paid on the Restatement Effective Date in the amounts due and payable as required by the terms thereof; 

(b) To the Administrative Agent, for the account of each Lender, a commitment fee for each calendar quarter (or portion thereof) for the
period from the Restatement Effective Date to the Termination Date, at a per annum rate equal to the Applicable Margin Percentage in effect for such fee from time to time during such quarter, on such Lender’s ratable share (based on the
proportion that its Commitment bears to the aggregate Commitments) of the average daily aggregate Unutilized Commitments, payable in arrears (i) on the last Business Day of each calendar quarter, beginning with the first such day to occur after
the Restatement Effective Date, and (ii) on the Termination Date; provided, however, that no commitment fee shall accrue on the Unutilized Commitment of a Defaulting Lender during any period that such Lender shall be a Defaulting
Lender; 
 (c) To the Administrative Agent, for the account of each Lender, a letter of credit fee for each calendar quarter (or
portion thereof) in respect of all Letters of Credit outstanding during such quarter, at a per annum rate equal to the Applicable Margin Percentage in effect from time to time during such quarter for Loans that are maintained as LIBOR Loans, on such
Lender’s ratable share (based on the proportion that its Commitment bears to the aggregate Commitments) of the daily average aggregate Stated Amount of such Letters of Credit, payable in arrears (i) on the last Business Day of each
calendar quarter, beginning with the first such day to occur after the Restatement Effective Date, and (ii) on the later of the Termination Date and the date of termination of the last outstanding Letter of Credit; provided,
however, that any letter of credit fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the Issuing Lender
pursuant to Section 3.1(a) shall be payable, to the maximum extent permitted by applicable Law, to the other Lenders in accordance with the upward adjustments in their respective pro rata percentages allocable to such Letter of Credit
pursuant to Section 2.21(a)(iii), with the balance of such fee, if any, payable to the Issuing Lender for its own account; 

(d) To the Issuing Lender, for its own account, a fronting fee for each calendar quarter (or portion thereof) in respect of all Letters of
Credit outstanding during such quarter, in the amounts due and payable as required by the terms of the Wells Fargo Fee Letter; 
 (e) To the
Issuing Lender, for its own account, such commissions, issuance fees, transfer fees and other fees and charges incurred in connection with the issuance and administration of each Letter of Credit as are customarily charged from time to time by the
Issuing Lender for the performance of such services in connection with similar letters of credit, or as may be otherwise agreed to by the Issuing Lender, but without duplication of amounts payable under subsection (d) above; and 

  
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 (f) To the Administrative Agent, for its own account, the annual administrative fee described in
the Wells Fargo Fee Letter, on the terms, in the amount and at the times set forth therein. 
 2.10 Interest Periods. Concurrently
with the giving of a Notice of Borrowing or Notice of Conversion/Continuation in respect of any Borrowing comprised of Base Rate Loans or LIBOR Market Index Loans to be converted into, or LIBOR Loans to be continued as, LIBOR Loans, the Borrower
shall have the right to elect, pursuant to such notice, the interest period (each, an “Interest Period”) to be applicable to such LIBOR Loans, which Interest Period shall, at the option of the Borrower, be a one, two, three or
six-month period; provided, however, that: 
 (i) all LIBOR Loans comprising a single Borrowing shall at all
times have the same Interest Period; 
 (ii) the initial Interest Period for any LIBOR Loan shall commence on the date of the
Borrowing of such LIBOR Loan (including the date of any continuation of, or conversion into, such LIBOR Loan), and each successive Interest Period applicable to such LIBOR Loan shall commence on the day on which the next preceding Interest Period
applicable thereto expires; 
 (iii) LIBOR Loans may not be outstanding under more than six (6) separate Interest
Periods at any one time (for which purpose Interest Periods shall be deemed to be separate even if they are coterminous); 

(iv) if any Interest Period otherwise would expire on a day that is not a Business Day, such Interest Period shall expire on
the next succeeding Business Day unless such next succeeding Business Day falls in another calendar month, in which case such Interest Period shall expire on the immediately preceding Business Day; 

(v) the Borrower may not select any Interest Period that begins prior to the third (3rd) Business Day after the Restatement Effective Date or that expires after the Maturity Date; 

(vi) if any Interest Period begins on a day for which there is no numerically corresponding day in the calendar month during
which such Interest Period would otherwise expire, such Interest Period shall expire on the last Business Day of such calendar month; and 

(vii) the Borrower may not select any Interest Period (and consequently, no LIBOR Loans shall be made) if a Default or Event of
Default shall have occurred and be continuing at the time of such Notice of Borrowing or Notice of Conversion/Continuation with respect to any Borrowing. 

2.11 Conversions and Continuations. 

(a) With respect to Revolving Loans, the Borrower shall have the right, on any Business Day occurring on or after the Restatement Effective
Date, to elect (i) to convert all or a portion of the outstanding principal amount of any Base Rate Loans or any LIBOR Market Index 

  
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Loans into LIBOR Loans, or to convert any LIBOR Loans the Interest Periods for which end on the same day into Base Rate Loans or LIBOR Market Index Loans, or (ii) upon the expiration
of any Interest Period, to continue all or a portion of the outstanding principal amount of any LIBOR Loans the Interest Periods for which end on the same day for an additional Interest Period, provided that (w) any such conversion of
LIBOR Loans into Base Rate Loans or LIBOR Market Index Loans shall involve an aggregate principal amount of not less than $1,000,000 or, if greater, an integral multiple of $500,000 in excess thereof; any such conversion of Base Rate Loans or LIBOR
Market Index Loans into, or continuation of, LIBOR Loans shall involve an aggregate principal amount of not less than $1,000,000 or, if greater, an integral multiple of $500,000 in excess thereof; and no partial conversion of LIBOR Loans made
pursuant to a single Borrowing shall reduce the outstanding principal amount of such LIBOR Loans to less than $1,000,000 or to any greater amount not an integral multiple of $500,000 in excess thereof, (x) except as otherwise provided in
Section 2.16(d), LIBOR Loans may be converted into Base Rate Loans or LIBOR Market Index Loans only on the last day of the Interest Period applicable thereto (and, in any event, if a LIBOR Loan is converted into a Base Rate Loan or LIBOR
Market Index Loan on any day other than the last day of the Interest Period applicable thereto, the Borrower will pay, upon such conversion, all amounts required under Section 2.18 to be paid as a consequence thereof), (y) no such
conversion or continuation shall be permitted with regard to any Swingline Loans, and (z) no conversion of Base Rate Loans or LIBOR Market Index Loans into LIBOR Loans or continuation of LIBOR Loans shall be permitted during the continuance of
a Default or Event of Default. 
 (b) The Borrower shall make each such election by giving the Administrative Agent written notice
not later than 11:00 a.m., Charlotte time, three (3) Business Days prior to the intended effective date of any conversion of Base Rate Loans or LIBOR Market Index Loans into, or continuation of, LIBOR Loans and one (1) Business Day prior
to the intended effective date of any conversion of LIBOR Loans into Base Rate Loans or LIBOR Market Index Loans. Each such notice (each, a “Notice of Conversion/Continuation”) shall be irrevocable, shall be given in the form of
Exhibit B-3 and shall specify (x) the date of such conversion or continuation (which shall be a Business Day), (y) in the case of a conversion into, or a continuation of, LIBOR Loans, the Interest Period to be applicable
thereto, and (z) the aggregate amount and Type of the Loans being converted or continued. Upon the receipt of a Notice of Conversion/Continuation, the Administrative Agent will promptly notify each Lender of the proposed conversion or
continuation. In the event that the Borrower shall fail to deliver a Notice of Conversion/Continuation as provided herein with respect to any outstanding LIBOR Loans, such LIBOR Loans shall automatically be converted to LIBOR Market Index Loans upon
the expiration of the then current Interest Period applicable thereto (unless repaid pursuant to the terms hereof). In the event the Borrower shall have failed to select in a Notice of Conversion/Continuation the duration of the Interest Period to
be applicable to any conversion into, or continuation of, LIBOR Loans, then the Borrower shall be deemed to have selected an Interest Period with a duration of one month. 

2.12 Method of Payments; Computations; Apportionment of Payments. 

(a) All payments by the Borrower hereunder shall be made without setoff, counterclaim or other defense, in Dollars and in immediately
available funds to the Administrative Agent, for the account of the Lenders entitled to such payment or the Swingline 

  
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Lender, as the case may be (except as otherwise (i) expressly provided herein as to payments required to be made directly to the Issuing Lender and the Lenders and (ii) provided
in the Sweep Program) at its office referred to in Section 11.4, prior to 12:00 noon, Charlotte time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon, Charlotte time, shall be deemed to have
been made on the next succeeding Business Day. If any payment falls due on a day that is not a Business Day, then such due date shall be extended to the next succeeding Business Day (except that in the case of LIBOR Loans to which the provisions of
clause (iv) in Section 2.10 are applicable, such due date shall be the immediately preceding Business Day), and such extension of time shall then be included in the computation of payment of interest, fees or other applicable
amounts. 
 (b) The Administrative Agent will distribute to the Lenders like amounts relating to payments made to the Administrative
Agent for the account of the Lenders as follows: (i) if the payment is received by 12:00 noon, Charlotte time, in immediately available funds, the Administrative Agent will make available to each relevant Lender on the same date, by wire
transfer of immediately available funds, such Lender’s ratable share of such payment (based on the percentage that the amount of the relevant payment owing to such Lender bears to the total amount of such payment owing to all of the relevant
Lenders), and (ii) if such payment is received after 12:00 noon, Charlotte time, or in other than immediately available funds, the Administrative Agent will make available to each such Lender its ratable share of such payment by wire transfer
of immediately available funds on the next succeeding Business Day (or in the case of uncollected funds, as soon as practicable after collected). Notwithstanding the foregoing or any contrary provision hereof, if any Lender shall fail to make any
payment required to be made by it hereunder to the Administrative Agent, the Issuing Lender or the Swingline Lender, then the Administrative Agent may, in its discretion, apply any amounts thereafter received by the Administrative Agent for the
account of such Lender to satisfy such Lender’s obligations to the Administrative Agent, the Issuing Lender or the Swingline Lender, as the case may be, until all such unsatisfied obligations are fully paid. If the Administrative Agent shall
not have made a required distribution to the appropriate Lenders as required hereinabove after receiving a payment for the account of such Lenders, the Administrative Agent will pay to each such Lender, on demand, its ratable share of such payment
with interest thereon at the Federal Funds Rate for each day from the date such amount was required to be disbursed by the Administrative Agent until the date repaid to such Lender. The Administrative Agent will distribute to the Issuing Lender like
amounts relating to payments made to the Administrative Agent for the account of the Issuing Lender in the same manner, and subject to the same terms and conditions, as set forth hereinabove with respect to distributions of amounts to the Lenders.

 (c) Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the
Administrative Agent for the account of the Lenders or the Issuing Lender hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and
may, in reliance upon such assumption, distribute to the Lenders or the Issuing Lender, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders or the Issuing Lender, as the case
may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the Issuing Lender, with interest thereon, for each day from and including the date such amount is distributed to it to but
excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

  
 38 

 (d) All computations of interest and fees hereunder (including computations of the Reserve
Requirement) shall be made on the basis of a year consisting of (i) in the case of interest on Base Rate Loans bearing interest based on subsection (i) of the definition of “Base Rate”, 365/366 days, as the case may be, or
(ii) in all other instances, 360 days; and in each case under (i) and (ii) above, with regard to the actual number of days (including the first day, but excluding the last day) elapsed. 

(e) Notwithstanding any other provision of this Agreement or any other Credit Document to the contrary, all amounts collected or
received by the Administrative Agent or any Lender after acceleration of the Loans pursuant to Section 9.2 shall be applied by the Administrative Agent as follows: 

(i) first, to the payment of all reasonable out-of-pocket costs and expenses (including, without limitation,
reasonable attorneys’ and consultants’ fees irrespective of whether such fees are allowed as a claim after the occurrence of an Event of Default pursuant to Section 9.1(f) or Section 9.1(g)) of the Administrative
Agent in connection with enforcing the rights of the Lenders under the Credit Documents; 
 (ii) second, to the
payment of any fees owed to the Administrative Agent hereunder or under any other Credit Document; 
 (iii)
third, to the payment of all reasonable and documented out-of-pocket costs and expenses (including, without limitation, reasonable attorneys’ and consultants’ fees irrespective of whether such fees are allowed as a claim after the
occurrence of a an Event of Default pursuant to Section 9.1(f) or Section 9.1(g)) of each of the Lenders in connection with enforcing its rights under the Credit Documents or otherwise with respect to the Obligations owing to
such Lender; 
 (iv) fourth, to the payment of all of the Obligations consisting of accrued fees and
interest (including, without limitation, fees incurred and interest accruing at the then applicable rate after the occurrence of an Event of Default pursuant to Section 9.1(f) or Section 9.1(g) irrespective of whether a claim
for such fees incurred and interest accruing is allowed in such proceeding); 
 (v) fifth, to the payment of
the outstanding principal amount of the Obligations (including the payment of any outstanding Reimbursement Obligations and the obligation to cash collateralize Letter of Credit Exposure), and including any payment obligations then owing under
(A) any Hedge Agreement between the Borrower or any of its Subsidiaries and any Hedge Party (to the extent such Hedge Agreement is required or permitted hereunder), including any breakage, termination or other payments due under such Hedge
Agreement and any interest accrued thereon and (B) any Cash Management Agreement between the Borrower or any of its Subsidiaries and any Cash Management Bank; 

  
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 (vi) sixth, to the payment of all other Obligations and other obligations
that shall have become due and payable under the Credit Documents or otherwise and not repaid; and 
 (vii) seventh,
to the payment of the surplus (if any) to whomever may be lawfully entitled to receive such surplus. 
 In carrying out the
foregoing, (x) amounts received shall be applied in the numerical order provided until exhausted prior to application to the next succeeding category, (y) all amounts shall be apportioned ratably among the Lenders or Hedge Parties in
proportion to the amounts of such principal, interest, fees or other Obligations owed to them respectively pursuant to clauses (iii) through (vii) above, and (z) to the extent that any amounts available for distribution pursuant to
clause (v) above are attributable to the issued but undrawn amount of outstanding Letters of Credit, such amounts shall be held by the Administrative Agent to cash collateralize Letter of Credit Exposure pursuant to Section 3.8.

 2.13 Recovery of Payments. 

(a) The Borrower agrees that to the extent the Borrower makes a payment or payments to or for the account of the Administrative Agent, the
Swingline Lender any Lender or the Issuing Lender, which payment or payments or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, receiver or any other party
under any bankruptcy, insolvency or similar state or federal law, common law or equitable cause, then, to the extent such payment is invalidated, declared to be fraudulent or preferential, set aside or required to be repaid, the Obligation intended
to be satisfied shall be revived and continued in full force and effect as if such payment had not been received. 
 (b) If any amounts
distributed by the Administrative Agent to any Lender are subsequently returned or repaid by the Administrative Agent to the Borrower or its representative or successor in interest, whether by court order or by settlement approved by the Lender in
question, such Lender will, promptly upon receipt of notice thereof from the Administrative Agent, pay the Administrative Agent such amount. If any such amounts are recovered by the Administrative Agent from the Borrower or its representative or
successor in interest, the Administrative Agent will redistribute such amounts to the Lenders on the same basis as such amounts were originally distributed. 

2.14 Use of Proceeds. The proceeds of the Loans shall be used (i) to refinance any Indebtedness outstanding under the Existing
Credit Agreement in full (other than the Existing Letters of Credit), (ii) to pay or reimburse reasonable transaction fees and expenses in connection with the closing of the transactions contemplated hereby and (iii) for working capital,
the issuance of Letters of Credit, and general corporate purposes and in accordance with the terms and provisions of this Agreement. 
 2.15
Pro Rata Treatment. 
 (a) Except in the case of Swingline Loans, all fundings, continuations and conversions of Loans shall be made
by the Lenders pro rata on the basis of their respective Commitments (in the case of the funding of Loans pursuant to Section 2.2) or on the basis of 

  
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their respective outstanding Loans (in the case of continuations and conversions of Loans pursuant to Section 2.11, and additionally in all cases in the event the Commitments
for Loans of have expired or have been terminated), as the case may be from time to time. All payments on account of principal of or interest on any Loans, fees or any other Obligations owing to or for the account of any one or more Lenders shall be
apportioned ratably among such Lenders in proportion to the amounts of such principal, interest, fees or other Obligations owed to them respectively. 

(b) If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or
interest on any of its Loans or other Obligations hereunder resulting in such Lender’s receiving payment of a proportion of the aggregate amount of its Loans and accrued interest thereon or other such Obligations greater than its pro rata share
thereof as provided herein, then the Lender receiving such greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Loans and such other Obligations of the
other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective
Loans and other amounts owing them, provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored
to the extent of such recovery, without interest, and (ii) the provisions of this Section 2.15(b) shall not be construed to apply to (x) any payment made by the Borrower pursuant to and in accordance with the express terms of
this Agreement or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in Reimbursement Obligations or Swingline Loans to any Assignee or Participant, other
than to the Borrower or any Subsidiary thereof (as to which the provisions of this Section 2.15(b) shall apply). The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any
Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the
amount of such participation. If under the Bankruptcy Code or similar debtor relief laws, any Lender receives a secured claim in lieu of a setoff to which this Section 2.15(b) applies, such Lender shall, to the extent practicable,
exercise its rights in respect of such secured claim in a manner consistent with the rights of the Lenders entitled under this Section 2.15(b) to share in the benefits of any recovery on such secured claim. 

2.16 Increased Costs; Change in Circumstances; Illegality. 

(a) If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement
against assets of, deposits with or for the account of, or advances, loans or other credit extended or participated in by, any Lender (except the Reserve Requirement reflected in the LIBOR Rate) or the Issuing Lender; 

(ii) subject any Lender or the Issuing Lender to any tax of any kind whatsoever with respect to this Agreement, any Letter of
Credit, any participation in a 

  
 41 

 
Letter of Credit or any LIBOR Loan or LIBOR Market Index Loan made by it, or change the basis of taxation of payments to such Lender or the Issuing Lender in respect thereof (except for
Indemnified Taxes or Other Taxes covered by Section 2.17 and the imposition of, or any change in the rate of, any Excluded Tax payable by such Lender or the Issuing Lender); or 

(iii) impose on any Lender or the Issuing Lender or the London interbank market any other condition, cost or expense affecting
this Agreement, LIBOR Loans or LIBOR Market Index Loans made by such Lender or any Letter of Credit or participation therein; 
 and the result of any of
the foregoing shall be to increase the cost to such Lender or the Issuing Lender of making, converting to, continuing or maintaining any LIBOR Loans or LIBOR Market Index Loans (or of maintaining its obligation to make any such Loans), or to
increase the cost to such Lender or the Issuing Lender of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum
received or receivable by such Lender or the Issuing Lender hereunder (whether of principal, interest or any other amount), then, upon request of such Lender or the Issuing Lender, the Borrower will pay to such Lender or the Issuing Lender, as the
case may be, such additional amount or amounts as will compensate such Lender or the Issuing Lender, as the case may be, for such additional costs incurred or reduction suffered. 

(b) If any Lender or the Issuing Lender determines that any Change in Law affecting such Lender or the Issuing Lender or any Lending Office of
such Lender or such Lender’s or the Issuing Lender’s holding company, if any, regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s or the Issuing Lender’s
capital or on the capital of such Lender’s or the Issuing Lender’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit or Swingline Loans
held by, such Lender, or the Letters of Credit issued by such Issuing Lender, to a level below that which such Lender or such Issuing Lender or such Lender’s or the Issuing Lender’s holding company could have achieved but for such Change
in Law (taking into consideration such Lender’s or the Issuing Lender’s policies and the policies of such Lender’s or the Issuing Lender’s holding company with respect to capital adequacy and liquidity), then from time to time
the Borrower will pay to such Lender or the Issuing Lender, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Lender or such Lender’s or the Issuing Lender’s holding company for any such
reduction suffered. 
 (c) A certificate of a Lender or the Issuing Lender setting forth the amount or amounts necessary to
compensate such Lender or the Issuing Lender or its holding company, as the case may be, as specified in Section 2.16(a) or Section 2.16(b) and delivered to the Borrower shall be conclusive absent manifest error. The Borrower
shall pay such Lender or the Issuing Lender, as the case may be, the amount shown as due on any such certificate within ten days after receipt thereof. 

(d) Failure or delay on the part of any Lender or the Issuing Lender to demand compensation pursuant to the foregoing provisions of
this Section 2.16 shall not constitute a  

  
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waiver of such Lender’s or the Issuing Lender’s right to demand such compensation, provided that the Borrower shall not be required to compensate a Lender or the Issuing Lender
pursuant to the foregoing provisions of this Section 2.16 for any increased costs incurred or reductions suffered more than ninety (90) days prior to the date that such Lender or the Issuing Lender, as the case may be, notifies the
Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or the Issuing Lender’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or
reductions is retroactive, then the ninety (90)-day period referred to above shall be extended to include the period of retroactive effect thereof). 

(e) If, (i) on or prior to the first day of any Interest Period, the Administrative Agent shall have determined that adequate and
reasonable means do not exist for ascertaining the applicable LIBOR Rate for such Interest Period, (ii) at any time, the Administrative Agent shall have determined that adequate and reasonable means do not exist for ascertaining the LIBOR
Market Index Rate, (iii) on or prior to the first day of any Interest Period, the Administrative Agent shall have received written notice from the Required Lenders of their determination that the rate of interest referred to in the definition
of “LIBOR Rate” upon the basis of which the Adjusted LIBOR Rate for LIBOR Loans is to be determined will not adequately and fairly reflect the cost to such Lenders of making or maintaining LIBOR Loans during such Interest Period, or
(iv) at any time, the Administrative Agent shall have received written notice from the Required Lenders of their determination that the rate of interest referred to in the definition of “LIBOR Market Interest Rate” will not adequately
and fairly reflect the cost to such Lenders of making LIBOR Market Interest Rate Loans, the Administrative Agent will forthwith so notify the Borrower and the Lenders. Upon such notice, (A) all then outstanding LIBOR Loans shall automatically,
on the expiration date of the respective Interest Periods for LIBOR Loans, if applicable (unless then repaid in full), be converted into Base Rate Loans, (B) all then outstanding LIBOR Market Index Loans, shall automatically, on the day of such
notice, be converted into Base Rate Loans, (C) the obligation of the Lenders to make, to convert Base Rate Loans into, or to continue, LIBOR Loans shall be suspended (including pursuant to the Borrowing to which an Interest Period applies), and
(iii) any Notice of Borrowing or Notice of Conversion/Continuation given at any time thereafter with respect to LIBOR Loans shall be deemed to be a request for Base Rate Loans, in each case until the Administrative Agent or the Required
Lenders, as the case may be, shall have determined that the circumstances giving rise to such suspension no longer exist (and the Required Lenders, if making such determination, shall have so notified the Administrative Agent), and the
Administrative Agent shall have so notified the Borrower and the Lenders. 
 (f) Notwithstanding any other provision in this Agreement, if,
at any time after the date hereof and from time to time, any Lender shall have determined in good faith that the introduction of or any change in any applicable law, rule or regulation or in the interpretation or administration thereof by any
Governmental Authority charged with the interpretation or administration thereof, or compliance with any guideline or request from any such Governmental Authority (whether or not having the force of law), has or would have the effect of making it
unlawful for such Lender to make or to continue to make or maintain LIBOR Loans or LIBOR Market Index Loans, as the case may be, such Lender will forthwith so notify the Administrative Agent and the Borrower. Upon such notice, (i) each of such
Lender’s then outstanding LIBOR Loans or LIBOR Market Index Loans, as the case may be, shall automatically, on the expiration 

  
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date of the respective Interest Period applicable to any LIBOR Loans (or, to the extent any such LIBOR Loan may not lawfully be maintained as a LIBOR Loan until such expiration date, upon such
notice) and to the extent not sooner prepaid, be converted into a Base Rate Loan, (ii) the obligation of such Lender to make, to convert Base Rate Loans into, or to continue, LIBOR Loans shall be suspended (including pursuant to any Borrowing
for which the Administrative Agent has received a Notice of Borrowing but for which the Borrowing Date has not arrived), and (iii) any Notice of Borrowing or Notice of Conversion/Continuation given at any time thereafter with respect to LIBOR
Loans or LIBOR Market Index Loans, as the case may be, shall, as to such Lender, be deemed to be a request for a Base Rate Loan, in each case until such Lender shall have determined that the circumstances giving rise to such suspension no longer
exist and shall have so notified the Administrative Agent, and the Administrative Agent shall have so notified the Borrower. 
 2.17
Taxes. 
 (a) For purposes of this Section 2.17, the term “Lender” includes any Issuing Lender and the term
“Applicable Law” includes FATCA. 
 (b) Payments Free of Taxes. Any and all payments by or on account of any obligation of
the Borrower under any Credit 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 Borrower 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. 

(c) Payments of Other Taxes by the Borrower. The Borrower shall timely pay to the relevant Governmental Authority in accordance with
Applicable Law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes. 
 (d)
Indemnification by the Borrower. The Borrower shall indemnify each Recipient, within ten (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 Recipient (with a copy to the Administrative Agent), or by the
Administrative Agent on its own behalf or on behalf of a Recipient, shall be conclusive absent manifest error. 

  
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 (e) Indemnification by the Lenders. Each Lender shall severally indemnify the
Administrative Agent, within ten (10) days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that the Borrower has not already indemnified the Administrative Agent for such Indemnified
Taxes and without limiting the obligation of the Borrower to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 11.6(f) relating to the maintenance of a Participant Register
and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Credit Document, and any reasonable expenses arising therefrom or with respect thereto, whether
or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent
manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Credit Document or otherwise payable by the Administrative Agent to the Lender from any other
source against any amount due to the Administrative Agent under this paragraph (e). 
 (f) Evidence of Payments. As soon as
practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority
evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

(g) Status of Lenders. 

(i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under
any Credit Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the
Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such
other documentation prescribed by Applicable Law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or
information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in
Section 2.17(g)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or
expense or would materially prejudice the legal or commercial position of such Lender. 
 (ii) Without limiting the
generality of the foregoing: 
 (A) any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative
Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the 

  
 45 

 
reasonable request of the Borrower or the Administrative Agent), executed copies of IRS Form W-9 certifying that such Lender is exempt from United States federal backup withholding tax; 

(B) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative
Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the
Administrative Agent), whichever of the following is applicable: 
 (1) in the case of a Foreign Lender claiming the
benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under any Credit Document, executed copies of IRS Form W-8BEN-E establishing an exemption from, or reduction of, United States
federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Credit Document, IRS Form W-8BEN-E establishing an exemption from, or reduction of, United
States federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 

(2) executed copies of IRS Form W-8ECI; 

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

(C) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative
Agent (in such number of 

  
 46 

 
copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable
request of the Borrower or the Administrative Agent), executed copies of any other form prescribed by Applicable Law as a basis for claiming exemption from or a reduction in United States federal withholding Tax, duly completed, together with such
supplementary documentation as may be prescribed by Applicable Law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 

(D) if a payment made to a Lender under any Credit Document would be subject to United States federal withholding Tax imposed
by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Internal Revenue Code, as applicable), such Lender shall deliver to the Borrower
and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by Applicable Law (including as prescribed by
Section 1471(b)(3)(C)(i) of the Internal Revenue Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their
obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA”
shall include any amendments made to FATCA after the date of this Agreement. For purposes of determining withholding Taxes imposed under FATCA, from and after the Restatement Effective Date, the Borrower and the Administrative Agent shall treat (and
the Lenders hereby authorize the Administrative Agent to treat) the Agreement as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i). 

Each Lender 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 Borrower and the Administrative Agent in writing of its legal inability to do so. 

(h) 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 2.17 (including by the payment of additional amounts pursuant to this Section 2.17), 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 

  
 47 

 
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 (h),
in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (h) 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 Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid.
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. 

(i) Survival. Each party’s obligations under this Section 2.17 shall survive the resignation or replacement of the
Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations under any Credit Document. 

2.18 Compensation. The Borrower will compensate each Lender upon demand for all losses, expenses and liabilities (including,
without limitation, any loss, expense or liability incurred by reason of the liquidation or reemployment of deposits or other funds required by such Lender to fund or maintain LIBOR Loans) that such Lender may incur or sustain (i) if for any
reason (other than a default by such Lender) a Borrowing or continuation of, or conversion into, a LIBOR Loan does not occur on a date specified therefor in a Notice of Borrowing or Notice of Conversion/Continuation, (ii) if any repayment,
prepayment or conversion of any LIBOR Loan occurs on a date other than the last day of an Interest Period applicable thereto (including as a consequence of any assignment made pursuant to Section 2.19(a) or any acceleration of the
maturity of the Loans pursuant to Section 9.2), (iii) if any prepayment of any LIBOR Loan is not made on any date specified in a notice of prepayment given by the Borrower or (iv) as a consequence of any other failure by the
Borrower to make any payments with respect to any LIBOR Loan when due hereunder. Calculation of all amounts payable to a Lender under this Section 2.18 shall be made as though such Lender had actually funded its relevant LIBOR Loan
through the purchase of a Eurodollar deposit bearing interest at the LIBOR Rate in an amount equal to the amount of such LIBOR Loan, having a maturity comparable to the relevant Interest Period; provided, however, that each Lender may
fund its LIBOR Loans in any manner it sees fit and the foregoing assumption shall be utilized only for the calculation of amounts payable under this Section 2.18. A certificate (which shall be in reasonable detail) showing the bases for
the determinations set forth in this Section 2.18 by any Lender as to any additional amounts payable pursuant to this Section 2.18 shall be submitted by such Lender to the Borrower either directly or through the
Administrative Agent. Determinations set forth in any such certificate made in good faith for purposes of this Section 2.18 of any such losses, expenses or liabilities shall be conclusive, absent manifest error. 

2.19 Replacement of Lenders; Mitigation of Costs. 

(a) The Borrower may, at any time at its sole expense and effort, require any Lender (w) that has requested compensation from the
Borrower under Sections 2.16(a) or 2.16(b) or payments from the Borrower under Section 2.17, (x) the obligation of which to make or maintain LIBOR Loans or LIBOR Market Index Loans has been suspended under
Section 2.16(f) or  

  
 48 

 
(y) that is a Defaulting Lender or (z) that is a Non-Consenting Lender, in any case upon notice to such Lender and the Administrative Agent, to assign and delegate, without
recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 11.6), all of its interests, rights and obligations under this Agreement and the related Credit Documents to an assignee that
shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that:  

(i) the Borrower shall have paid to the Administrative Agent the assignment fee specified in Section
11.6(b)(iv); 
 (ii) such Lender shall have received payment of an amount equal to the outstanding
principal of its Loans and any funded participations in Letters of Credit not refinanced through the Borrowing of Revolving Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Credit
Documents (including any amounts under Section 2.18 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 request for compensation under Sections 2.16(a) or
2.16(b) or payments required to be made pursuant to Section 2.17, such assignment will result in a reduction in such compensation or payments thereafter; and 

(iv) such assignment does not conflict with applicable Requirements of Law. 

If a Lender is subject to this Section 2.19(a) solely because of the circumstances described in (A) clauses
(w) and (x) hereof, such Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender, the circumstances entitling the Borrower to require such assignment and delegation
cease to apply or (B) clause (y) hereof, notwithstanding Section 2.5(c), the Borrower may reduce the aggregate outstanding Commitments on a non-ratable basis (applied solely to the Commitment of the Defaulting Lender) by an
amount equal to such Defaulting Lender’s Commitment in order to remove such Defaulting Lender as a Lender under this Agreement provided that, at such time, no Loans are then outstanding. Any such assignment, delegation or reduction
elected by Borrower pursuant to this Section 2.19 shall be without prejudice to any right or remedy available to Borrower hereunder or under applicable law. 

(b) If any Lender requests compensation under Sections 2.16(a) or 2.16(b), or the Borrower is required to pay any
additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, or if any Lender gives a notice pursuant to Section 2.16(f), then such Lender shall use reasonable efforts
to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or
assignment (i) would eliminate or reduce amounts payable pursuant to Sections 2.16(a), 2.16(b) or 2.17, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 2.16(f),
as applicable, and (ii) in each case, would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by
any Lender in connection with any such designation or assignment. 

  
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 2.20 Incremental Commitments. 

(a) The Borrower shall have the right, at any time and from time to time after the Restatement Effective Date by written notice to and in
consultation with the Administrative Agent, to request (i) an increase in the aggregate Commitments (each such requested increase, a “Revolving Commitment Increase”), and/or (ii) one or more term loan commitments (each
such requested term loan commitment, a “Term Loan Commitment” and, together with any Revolving Commitment Increase, the “Incremental Commitments”) to make one or more term loans (each a “Term Loan”)
by having one or more existing Lenders increase their respective Commitments then in effect and/or provide a Term Loan Commitment (each, an “Increasing Lender”), by adding as a Lender with a new Commitment and/or Term Loan
Commitment hereunder one or more Persons that are not already Lenders (each, an “Additional Lender” and, together with each Increasing Lender, the “Incremental Lenders”), or a combination thereof; provided
that (A) any such request for an Incremental Commitment shall be in a minimum amount of $25,000,000, (B) immediately after giving effect to any Incremental Commitment, (y) the aggregate Commitments plus Incremental Commitments shall
not exceed $350,000,000 and (z) the aggregate of all Incremental Commitments effected shall not exceed $100,000,000, (C) no Default or Event of Default shall have occurred and be continuing on the applicable Incremental Commitment
Effective Date (as hereinafter defined) or shall result from any Incremental Commitment, (D) immediately after giving effect to any Incremental Commitment (including any Borrowings in connection therewith and the application of the proceeds
thereof) the Borrower shall be in compliance with the financial covenants contained in ARTICLE VII, and (E) the Borrower shall give the existing Lenders the right of first refusal for participating in any such Incremental Commitment by
providing such notice to the Administrative Agent ten (10) Business Days before making a request to any Person that is not already a Lender. An existing Lender shall have priority over Additional Lenders to participate in such requested
Incremental Commitment if it provides written notice of its election to participate within ten (10) Business Days of the Administrative Agent’s receipt of such notice. Such notice from the Borrower shall specify the requested amount of the
Incremental Commitment. No Lender shall have any obligation to become an Increasing Lender. Any fees paid by the Borrower for an Incremental Commitment to an Incremental Lender, the Administrative Agent or Wells Fargo, as Arranger, shall be for
their own account and shall be in an amount, if any, mutually agreed upon by each such party and the Borrower, in each party’s sole discretion. Nothing contained in this Section 2.20 shall be construed to obligate the Borrower
to pay any fee for an Incremental Commitment to an Incremental Lender, the Administrative Agent or either Arranger. 
 (b)
Revolving Commitment Increases, if any, shall have the same terms (other than upfront fees) as the existing Commitments and be effected as set forth in Section 2.20(f). Term Loan Commitments, if any, shall have terms and conditions
acceptable to the Administrative Agent, the Incremental Lenders making such Term Loan Commitments and the Borrower (such terms and conditions to be set forth in an amendment to this Agreement effective as of the Incremental Commitment Effective
Date), provided that the Term Loans made pursuant to such Term Loan Commitments (i) shall not mature earlier than the Maturity Date, and (ii) will constitute Obligations of the Borrower on a pari passu basis
with any Revolving Loans 

  
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 (c) Each Additional Lender must be approved in writing by the Administrative Agent and the
Issuing Lender. The Borrower and each Additional Lender shall execute a joinder agreement, and the Borrower and each Lender shall execute all such other documentation as the Administrative Agent and the Borrower may reasonably require including
without limitation the documentation for the amendment referred to in Section 2.20(e)(i)(A), all in form and substance reasonably satisfactory to the Administrative Agent and the Borrower, to evidence the Commitment adjustments referred
to in Section 2.20(f). 
 (d) If Incremental Commitments are provided in accordance with this Section 2.20, the
Borrower (in consultation with the Administrative Agent) and each Incremental Lender shall agree upon the effective date (the “Incremental Commitment Effective Date,” which shall be a Business Day not less than thirty (30) days
prior to the Termination Date). The Administrative Agent shall promptly notify the Lenders of such increase and the Incremental Commitment Effective Date. For clarity, no Lender other than an Incremental Lender must execute any joinder or amendment
in connection with an Incremental Commitment. 
 (e) Notwithstanding anything set forth in this Section 2.20 to the
contrary, the Borrower shall not incur any Revolving Loans or Term Loans pursuant to any Incremental Commitment (and no Incremental Commitment shall be effective) unless the conditions set forth in Section 2.20(a) as well as the
following conditions precedent are satisfied on the applicable Incremental Commitment Effective Date: 
 (i) The
Administrative Agent shall have received the following, each dated the Incremental Commitment Effective Date and in form and substance reasonably satisfactory to the Administrative Agent: 

(A) an amendment to this Agreement signed by the Incremental Lenders setting forth the terms and conditions of the Term
Loan Commitments, if any, and the reallocation of Commitments and the allocation of Term Loan Commitments, as applicable, referred to in Section 2.20(f), together with all other documentation required by the Administrative Agent pursuant
to Section 2.20(c); 
 (B) an instrument, duly executed by the Borrower and each other Subsidiary
Guarantor, if any, acknowledging and reaffirming its obligations under the Subsidiary Guaranty, and the other Credit Documents to which it is a party; 

(C) a certificate of the secretary or an assistant secretary of the Borrower and each Subsidiary Guarantor, certifying to and
attaching the resolutions adopted by the board of directors (or similar governing body) of such party approving or consenting to such Incremental Commitment; 

(D) a certificate of a Financial Officer of the Borrower, certifying that (x) all representations and warranties of the
Borrower and the Subsidiary Guarantors contained in this Agreement and the other Credit Documents are true and correct in all material respects as of the Incremental Commitment Effective Date (except to the extent such representation and warranty is
qualified by materiality, in which case, such representation and warranty shall be true and 

  
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correct in all respects or except to the extent that such representation and warranty is made as of a specific date, in which case, such representation and warranty shall be true and
correct as of such date), (y) immediately after giving effect to such Incremental Commitment (including any Borrowings in connection therewith and the application of the proceeds thereof), the Borrower is in compliance with the financial
covenants contained in ARTICLE VII, and (z) no Default or Event of Default has occurred and is continuing, both immediately before and after giving effect to such Incremental Commitment (including any Borrowings in connection therewith
and the application of the proceeds thereof); and 
 (E) an opinion or opinions of counsel for the Borrower and the
Subsidiary Guarantors, addressed to the Administrative Agent and the Lenders, together with such other documents, instruments and certificates as the Administrative Agent shall have reasonably requested. 

(f) For Revolving Commitment Increases, on the Incremental Commitment Effective Date, (i) the aggregate principal outstanding amount of
the Revolving Loans (the “Initial Loans”) immediately prior to giving effect to the Incremental Commitment shall be deemed to be repaid, (ii) immediately after the effectiveness of the Incremental Commitment, the Borrower shall
be deemed to have made new Borrowings of Revolving Loans (the “Subsequent Borrowings”) in an aggregate principal amount equal to the aggregate principal amount of the Initial Loans and of the Types and for the Interest Periods
specified in a Notice of Borrowing delivered to the Administrative Agent in accordance with Section 2.2(b), (iii) each Lender shall pay to the Administrative Agent in immediately available funds an amount equal to the difference, if
positive, between (y) such Lender’s pro rata percentage (calculated after giving effect to the Incremental Commitment) of the Subsequent Borrowings and (z) such Lender’s pro rata percentage (calculated without giving effect to
the Incremental Commitment) of the Initial Loans, (iv) after the Administrative Agent receives the funds specified in clause (iii) above, the Administrative Agent shall pay to each Lender the portion of such funds equal to the difference,
if positive, between (y) such Lender’s pro rata percentage (calculated without giving effect to the Incremental Commitment) of the Initial Loans and (z) such Lender’s pro rata percentage (calculated after giving effect to the
Incremental Commitment) of the amount of the Subsequent Borrowings, (v) the Lenders shall be deemed to hold the Subsequent Borrowings ratably in accordance with their respective Commitments (calculated after giving effect to the Incremental
Commitment), (vi) the Borrower shall pay all accrued but unpaid interest on the Initial Loans to the Lenders entitled thereto, and (vii) Schedule 1.1 shall be amended to reflect the Commitments of all Lenders after giving
effect to the Incremental Commitment. The deemed payments made pursuant to clause (i) above in respect of each LIBOR Loan shall be subject to indemnification by the Borrower pursuant to the provisions of Section 2.18 if the
Incremental Commitment Effective Date occurs other than on the last day of the Interest Period relating thereto. 
 2.21 Defaulting
Lenders. 
 (a) Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then,
until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 

  
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 (i) Such Defaulting Lender’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 Lenders and in Section 11.5. 

(ii) Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of
such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to ARTICLE X or otherwise) shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any
amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to the Issuing Lender or the Swingline Lender hereunder; third, if
so determined by the Administrative Agent or requested by the Issuing Lender or the Swingline Lender, to be held as Cash Collateral for future funding obligations of such Defaulting Lender in respect of any participation in any Letter of Credit or
Swingline Loan; fourth, as the Borrower may request (so long as no Default exists), to the funding of any Loan in respect of which that Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by
the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a non-interest bearing deposit account and released in order to satisfy obligations of such Defaulting Lender to fund Loans under
this Agreement; sixth, to the payment of any amounts owing to the Lenders, the Issuing Lender or the Swingline Lender as a result of any judgment of a court of competent jurisdiction obtained by any Lender, the Issuing Lender or the Swingline
Lender against that Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default exists, to the payment of any amounts owing to the Borrower as a result of any
judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as
otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or any Letter of Credit Exposure in respect of which such Defaulting Lender has not fully funded
its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 5.2 were satisfied or waived, such payment shall be applied solely to pay the Loans
of, and obligations in respect of Letters of Credit owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or obligations in respect of Letters of Credit owed to, such Defaulting Lender. Any
payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this Section 2.21 shall be deemed paid to and
redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 
 (iii) All or any part of such
Defaulting Lender’s Letters of Credit Exposure and its Swingline Exposure shall automatically (effective on the day such Lender becomes a Defaulting Lender) be reallocated among the non-Defaulting Lenders in accordance with their respective
Commitments (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of (x) the total principal amount of Revolving Loans, (y) the Letter of Credit
Exposure and (z)

  
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the principal amount of Swingline Loans for any non-Defaulting Lender outstanding at such time, to exceed such non-Defaulting Lender’s Commitment. No reallocation hereunder shall constitute
a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased
exposure following such reallocation. 
 (iv) If the reallocation described in clause (iii) above cannot, or can
only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, within two (2) Business Days following notice by the Administrative Agent, Cash Collateralize such Defaulting
Lender’s Letter of Credit Exposure and its Swingline Exposure (after giving effect to any partial reallocation pursuant to clause (iii) above) in accordance with the procedures set forth in Section 2.21(c) for so long as such
Swingline Loans are outstanding. The Borrower shall be permitted to Cash Collateralize such Letter of Credit Exposure and Swingline Exposure using Loans to the extent available to Borrower in accordance with this Agreement, including the
satisfaction of the conditions to Borrowing in Section 4.2. 
 (b) If the Borrower, the Administrative Agent, the
Issuing Lender and the Swingline Lender agree in writing in their sole discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative 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 (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase that portion of outstanding Loans of
the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Revolving Loans and funded and unfunded participations in Letters of Credit and Swingline Loans to be held on a pro rata basis by the
Lenders in accordance with their respective Commitments (without giving effect to Section 2.21(a)(iii)); whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with
respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change
hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

(c) At any time that there shall exist a Defaulting Lender, within two (2) Business Days upon the request of the Administrative
Agent, the Issuing Lender or the Swingline Lender, the Borrower shall deliver to the Administrative Agent Cash Collateral in an amount sufficient to cover all Fronting Exposure (after giving effect to Section 2.21(a)(iii) and any Cash
Collateral provided by the Defaulting Lender). 
 (i) All Cash Collateral (other than credit support not constituting
funds subject to deposit) shall be maintained in blocked deposit accounts with the Administrative Agent. The Borrower, and to the extent provided by any Lender, such Lender, hereby grants to (and subjects to the control of) the Administrative Agent,
for the benefit of the Administrative Agent, the Issuing Lenders and the Lenders (including the Swingline Lender), and agrees to maintain, a first priority security interest in all such 

  
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cash, deposit accounts and all balances therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to
which such Cash Collateral may be applied pursuant to clause (ii) below. If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent as herein
provided, or that the total amount of such Cash Collateral is less than the applicable Fronting Exposure and other obligations secured thereby, the Borrower or the relevant Defaulting Lender will, promptly upon demand by the Administrative Agent,
pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency. 

(ii) Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under any of this
Section 2.21 in respect of Letters of Credit or Swingline Loans shall be held and applied to the satisfaction of the specific Letter of Credit Exposure or Swingline Loans, obligations to fund participations therein (including, as to Cash
Collateral provided by a Defaulting Lender, any interest accrued on such obligation) and other obligations for which the Cash Collateral was so provided, prior to any other application of such property as may be provided for herein. 

(iii) Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or other obligations
shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of Defaulting Lender status of the applicable Lender (or, as appropriate, its
assignee)), or (ii) the Administrative Agent’s good faith determination that there exists excess Cash Collateral; provided, however, (x) that Cash Collateral furnished by or on behalf of a Loan Party shall not be
released during the continuance of a Default (and following application as provided in this Section 2.21 may be otherwise applied in accordance with Section 2.15), and (y) the Person providing Cash Collateral and each
applicable Issuing Lender or Swingline Lender may agree that Cash Collateral shall not be released but instead held to support future anticipated Fronting Exposure or other obligations. 

ARTICLE III 
 LETTERS OF
CREDIT 
 3.1 Issuance; Existing Letters of Credit. Subject to and upon the terms and conditions herein set forth, so long as no
Default or Event of Default has occurred and is continuing, the Issuing Lender will, at any time and from time to time on and after the Restatement Effective Date and prior to the earlier of (i) the seventh day prior to the Maturity Date and
(ii) the Termination Date, and upon request by the Borrower in accordance with the provisions of Section 3.2, issue for the account of the Borrower one or more irrevocable standby letters of credit denominated in Dollars and in a
form customarily used or otherwise approved by the Issuing Lender (together with all amendments, modifications and supplements thereto, substitutions therefor and renewals and restatements thereof, collectively, the “Letters of
Credit”). By their execution of this Agreement, the Borrower, Wells Fargo, and the Lenders hereby agree that effective as of the Restatement Effective Date (i) the letters of credit listed on

  
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Schedule 3.1 (the “Existing Letters of Credit”) shall be Letters of Credit under this Agreement and subject to the terms hereof, (ii) Wells Fargo shall be the Issuing
Lender hereunder with respect to the Existing Letters of Credit, and (iii) the applicable provisions of the Existing Credit Agreement with respect to the Existing Letters of Credit are replaced by this Agreement. The Stated Amount of each
Letter of Credit shall not be less than $100,000 unless such amount is acceptable to the Issuing Lender. Notwithstanding the foregoing: 

(a) No Letter of Credit shall be issued if its Stated Amount, upon issuance, (i) when added to the aggregate Letter of Credit
Exposure of the Lenders at such time, would exceed $100,000,000, (ii) when added to the sum of (x) the aggregate principal amount of Revolving Loans outstanding at such time, (y) the aggregate Letter of Credit Exposure of all Lenders
at such time and (z) the aggregate principal amount of Swingline Loans outstanding at such time, would exceed the aggregate Commitments at such time or (iii) any Lender is at that time a Defaulting Lender, unless the Issuing Lender has
entered into an arrangement, including the delivery of Cash Collateral, satisfactory to the Issuing Lender (in its sole discretion) with the Borrower or such Lender to eliminate the Issuing Lender’s actual or potential Fronting Exposure (after
giving effect to Section 2.21(a)(iii)) with respect to the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and all other Letter of Credit Exposure as to which the Issuing
Lender has actual or potential Fronting Exposure, as it may elect in its sole discretion; 
 (b) No Letter of Credit shall be issued
that by its terms expires later than the seventh day prior to the Maturity Date or, in any event, more than one (1) year after its date of issuance; provided, however, that a Letter of Credit may, if requested by the Borrower,
provide by its terms, and on terms acceptable to the Issuing Lender, for renewal for successive periods of one year or less (but not beyond the seventh day prior to the Maturity Date), unless and until the Issuing Lender shall have delivered a
notice of nonrenewal to the beneficiary of such Letter of Credit and provided further that any Letter of Credit issued, extended or renewed no later than thirty (30) days prior to the Maturity Date may have an expiration date
after the Maturity Date so long as on or before the Maturity Date, the Borrower shall have deposited with the Administrative Agent an amount in immediately available funds (which funds shall be held as collateral pursuant to a Cash Collateral
Account) equal to the aggregate amount available for drawing under such Letter of Credit; 
 (c) Notwithstanding that a Letter of Credit
issued or outstanding hereunder is in support of any obligations of, or is for the account of, or otherwise will benefit, a Subsidiary of the Borrower, the Borrower shall be obligated to reimburse the Issuing Lender hereunder for any and all
drawings under such Letter of Credit (and the Borrower hereby acknowledges that the issuance of Letters of Credit for the benefit of its Subsidiaries inures to the benefit of the Borrower and that the Borrower’s business derives substantial
benefits from the businesses of such Subsidiaries); and 
 (d) The Issuing Lender shall be under no obligation to issue any Letter of Credit
if, at the time of such proposed issuance, (i) any order, judgment or decree of any Governmental Authority or arbitrator shall purport by its terms to enjoin or restrain the Issuing Lender from issuing such Letter of Credit, or any Requirement
of Law applicable to the Issuing Lender or any request or directive (whether or not having the force of law) from any Governmental Authority 

  
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with jurisdiction over the Issuing Lender shall prohibit, or request that the Issuing Lender refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or
shall impose upon the Issuing Lender with respect to such Letter of Credit any restriction not in effect on the Restatement Effective Date or any reserve or capital requirement (for which the Issuing Lender is not otherwise compensated) not in
effect on the Restatement Effective Date and that the Issuing Lender in good faith deems material to it, or any unreimbursed loss, cost or expense that was not applicable, in effect or known to the Issuing Lender as of the Restatement Effective Date
and that the Issuing Lender in good faith deems material to it, or (ii) the Issuing Lender shall have actual knowledge, or shall have received notice from any Lender, prior to the issuance of such Letter of Credit that one or more of the
conditions specified in Sections 4.1 (if applicable) or 4.2 are not then satisfied (or have not been waived in writing as required herein) or that the issuance of such Letter of Credit would violate the provisions of
subsection (a) above. 
 3.2 Notices. Whenever the Borrower desires the issuance of a Letter of Credit, the Borrower will give
the Issuing Lender written notice with a copy to the Administrative Agent not later than 11:00 a.m., Charlotte time, three (3) Business Days (or such shorter period as is acceptable to the Issuing Lender in any given case) prior to the
requested date of issuance thereof. Each such notice (each, a “Letter of Credit Notice”) shall be irrevocable, shall be given in the form of Exhibit B-4 and shall specify (i) the requested date of issuance, which
shall be a Business Day, (ii) the requested Stated Amount and expiry date of the Letter of Credit, and (iii) the name and address of the requested beneficiary or beneficiaries of the Letter of Credit. The Borrower will also complete any
application procedures and documents required by the Issuing Lender in connection with the issuance of any Letter of Credit. Upon its issuance of any Letter of Credit, the Issuing Lender will promptly notify the Administrative Agent of such
issuance, and the Administrative Agent will give prompt notice thereof to each Lender. The renewal or extension of any outstanding Letter of Credit shall, for purposes of this ARTICLE III, be treated in all respects as the issuance of a new
Letter of Credit. 
 3.3 Participations. Immediately upon the issuance of any Letter of Credit, the Issuing Lender shall be
deemed to have sold and transferred to each Lender, and each Lender shall be deemed irrevocably and unconditionally to have purchased and received from the Issuing Lender, without recourse or warranty, an undivided interest and participation, pro
rata (based on the percentage of the aggregate Commitments represented by such Lender’s Commitment), in such Letter of Credit, each drawing made thereunder and the obligations of the Borrower under this Agreement with respect thereto and any
security therefor or guaranty pertaining thereto; provided, however, that the fee relating to Letters of Credit described in Section 2.9(d) shall be payable directly to the Issuing Lender as provided therein, and the
Lenders shall have no right to receive any portion thereof. In consideration and in furtherance of the foregoing, each Revolving Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the Issuing
Lender, such Lender’s pro rata share of each Reimbursement Obligation not reimbursed by the Borrower on the date due as provided in Section 3.4 or through the Borrowing of Revolving Loans as provided in Section 3.5
(because the conditions set forth in Section 4.2 cannot be satisfied, or for any other reason), or of any reimbursement payment required to be refunded to the Borrower for any reason. Upon any change in the Commitments of any of the
Lenders pursuant to Section 11.6(b), with respect to all outstanding Letters of Credit and Reimbursement Obligations there shall be an automatic adjustment to the participations pursuant to this Section 3.3 to reflect the new
pro rata shares of the assigning  

  
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Lender and the Assignee. Each Lender’s obligation to make payment to the Issuing Lender pursuant to this Section 3.3 shall be absolute and unconditional and shall not be
affected by any circumstance whatsoever, including the termination of the Commitments or the existence of any Default or Event of Default, and each such payment shall be made without any offset, abatement, reduction or withholding whatsoever.

 3.4 Reimbursement. The Borrower hereby agrees to reimburse the Issuing Lender by making payment to the Administrative Agent, for
the account of the Issuing Lender, in immediately available funds, for any payment made by the Issuing Lender under any Letter of Credit in accordance with the terms of such Letter of Credit (each such amount so paid until reimbursed, together with
interest thereon payable as provided hereinbelow, a “Reimbursement Obligation”) immediately after, and in any event within one (1) Business Day after its receipt of notice of, such payment (provided that any such
Reimbursement Obligation shall be deemed timely satisfied (but nevertheless subject to the payment of interest thereon as provided hereinbelow) if satisfied pursuant to a Borrowing of Revolving Loans made on or prior to the next Business Day
following the date of the Borrower’s receipt of notice of such payment), together with interest on the amount so paid by the Issuing Lender, to the extent not reimbursed prior to 1:00 p.m., Charlotte time, on the date of such payment or
disbursement, for the period from the date of the respective payment to the date the Reimbursement Obligation created thereby is satisfied, at the Adjusted LIBOR Market Index Rate applicable to Revolving Loans as in effect from time to time during
such period, such interest also to be payable on demand. The Issuing Lender will provide the Administrative Agent and the Borrower with prompt notice of any payment or disbursement made under any Letter of Credit, although the failure to give, or
any delay in giving, any such notice shall not release, diminish or otherwise affect the Borrower’s obligations under this Section 3.4 or any other provision of this Agreement. The Administrative Agent will promptly pay to the
Issuing Lender any such amounts received by it under this Section 3.4. 
 3.5 Payment by Revolving Loans. In the event
that the Issuing Lender makes any payment under any Letter of Credit and the Borrower shall not have timely satisfied in full its Reimbursement Obligation to the Issuing Lender pursuant to Section 3.4, and to the extent that any amounts
then held in the Cash Collateral Account established pursuant to Section 3.8 shall be insufficient to satisfy such Reimbursement Obligation in full, the Issuing Lender will promptly notify the Administrative Agent, and the Administrative
Agent will promptly notify each Lender, of such failure. If the Administrative Agent gives such notice prior to 11:00 a.m., Charlotte time, on any Business Day, each Lender will make available to the Administrative Agent, for the account of the
Issuing Lender, its pro rata share (based on the percentage of the aggregate Commitments represented by such Lender’s Commitment) of the amount of such payment on such Business Day in immediately available funds. If the Administrative Agent
gives such notice after 11:00 a.m., Charlotte time, on any Business Day, each such Lender shall make its pro rata share of such amount available to the Administrative Agent on the next succeeding Business Day. If and to the extent any Lender shall
not have so made its pro rata share of the amount of such payment available to the Administrative Agent, such Lender agrees to pay to the Administrative Agent, for the account of the Issuing Lender, forthwith on demand such amount, together with
interest thereon at the Federal Funds Rate for each day from such date until the date such amount is paid to the Administrative Agent. The failure of any Lender to make available to the Administrative Agent its pro rata share of any payment under
any Letter of 

  
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Credit shall not relieve any other Lender of its obligation hereunder to make available to the Administrative Agent its pro rata share of any payment under any Letter of Credit on the date
required, as specified above, but no Lender shall be responsible for the failure of any other Lender to make available to the Administrative Agent such other Lender’s pro rata share of any such payment. Each such payment by a Lender under this
Section 3.5 of its pro rata share of an amount paid by the Issuing Lender shall constitute a Revolving Loan by such Lender (the Borrower being deemed to have given a timely Notice of Borrowing therefor) and shall be treated as such for
all purposes of this Agreement; provided that for purposes of determining the aggregate Unutilized Commitments immediately prior to giving effect to the application of the proceeds of such Revolving Loans, the Reimbursement Obligation being
satisfied thereby shall be deemed not to be outstanding at such time. Each Lender’s obligation to make Revolving Loans pursuant to this Section 3.5 shall be absolute and unconditional and shall not be affected by any circumstance
whatsoever, including, without limitation, the failure of the amount of such Borrowing of Revolving Loans to meet the minimum Borrowing amount specified in Section 2.2(b); provided, however, that each Lender’s
obligation to make Revolving Loans pursuant to this Section 3.5 is subject to the conditions set forth in Section 4.2 (other than delivery by the Borrower of a Notice of Borrowing). 

3.6 Payment to Lenders. Whenever the Issuing Lender receives a payment in respect of a Reimbursement Obligation as to which the
Administrative Agent has received, for the account of the Issuing Lender, any payments from the Lenders pursuant to Section 3.5, the Issuing Lender will promptly pay to the Administrative Agent, and the Administrative Agent will promptly
pay to each Lender that has paid its pro rata share thereof, in immediately available funds, an amount equal to such Lender’s ratable share (based on the proportionate amount funded by such Lender to the aggregate amount funded by all Lenders)
of such Reimbursement Obligation. 
 3.7 Obligations Absolute. The Reimbursement Obligations of the Borrower, and the obligations of
the Lenders under Section 3.5 to make payments to the Administrative Agent, for the account of the Issuing Lender, with respect to Letters of Credit, shall be irrevocable, shall remain in effect until the Issuing Lender shall have no
further obligations to make any payments or disbursements under any circumstances with respect to any Letter of Credit, and, except to the extent resulting from any gross negligence or willful misconduct on the part of the Issuing Lender, shall be
absolute and unconditional, shall not be subject to counterclaim, setoff or other defense or any other qualification or exception whatsoever and shall be made in accordance with the terms and conditions of this Agreement under all circumstances,
including, without limitation, any of the following circumstances: 
 (a) Any lack of validity or enforceability of this Agreement, any of
the other Credit Documents or any documents or instruments relating to any Letter of Credit; 
 (b) Any change in the time, manner or place
of payment of, or in any other term of, all or any of the Obligations in respect of any Letter of Credit or any other amendment, modification or waiver of or any consent to departure from any Letter of Credit or any documents or instruments relating
thereto, in each case whether or not the Borrower has notice or knowledge thereof; 

  
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 (c) The existence of any claim, setoff, defense or other right that the Borrower may have at any
time against a beneficiary named in a Letter of Credit, any transferee of any Letter of Credit (or any Person for whom any such transferee may be acting), the Administrative Agent, the Issuing Lender (but without prejudicing the Borrower’s
rights with respect thereto), any Lender or other Person, whether in connection with this Agreement, any Letter of Credit, the transactions contemplated hereby or any unrelated transactions (including any underlying transaction between the Borrower
and the beneficiary named in any such Letter of Credit); 
 (d) Any draft, certificate or any other document presented under the Letter of
Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect (provided that such draft, certificate or other document appears on its face to comply with the
terms of such Letter of Credit), any errors, omissions, interruptions or delays in transmission or delivery of any messages, by mail, telecopier or otherwise, or any errors in translation or in interpretation of technical terms; 

(e) Any defense based upon the failure of any drawing under a Letter of Credit to conform to the terms of the Letter of Credit
(provided that any draft, certificate or other document presented pursuant to such Letter of Credit appears on its face to comply with the terms thereof, including without limitation the expiry date of such Letter of Credit), any
nonapplication or misapplication by the beneficiary or any transferee of the proceeds of such drawing or any other act or omission of such beneficiary or transferee in connection with such Letter of Credit; 

(f) The exchange, release, surrender or impairment of any security for the Obligations; 

(g) The occurrence of any Default or Event of Default; or 

(h) Any other circumstance or event whatsoever, including, without limitation, any other circumstance that might otherwise constitute a
defense available to, or a discharge of, the Borrower or a guarantor. 
 Any action taken or omitted to be taken by the Issuing Lender under or in
connection with any Letter of Credit, if taken or omitted in the absence of gross negligence or willful misconduct, shall be binding upon the Borrower and each Lender and shall not create or result in any liability of the Issuing Lender to the
Borrower or any Lender. It is expressly understood and agreed that, for purposes of determining whether a wrongful payment under a Letter of Credit resulted from the Issuing Lender’s gross negligence or willful misconduct, (i) the Issuing
Lender’s acceptance of documents that appear on their face to comply with the terms of such Letter of Credit, without responsibility for further investigation, regardless of any notice or information to the contrary, (ii) the Issuing
Lender’s exclusive reliance on the documents presented to it under such Letter of Credit as to any and all matters set forth therein, including the amount of any draft presented under such Letter of Credit, whether or not the amount due to the
beneficiary thereunder equals the amount of such draft and whether or not any document presented pursuant to such Letter of Credit proves to be insufficient in any respect (so long as such document appears on its face to comply with the terms of
such Letter of Credit), and whether or not any other statement or any other document presented pursuant to such Letter of Credit proves to be forged or invalid or any 

  
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statement therein proves to be inaccurate or untrue in any respect whatsoever, and (iii) any noncompliance in any immaterial respect of the documents presented under such Letter of Credit
with the terms thereof shall, in each case, be deemed not to constitute gross negligence or willful misconduct of the Issuing Lender. 
 3.8
Cash Collateral Account. At any time and from time to time (i) after the occurrence and during the continuance of an Event of Default, the Administrative Agent, at the direction or with the consent of the Required Lenders, may require
the Borrower to deliver to the Administrative Agent such additional amount of cash as is equal to the aggregate Stated Amount of all Letters of Credit at any time outstanding (whether or not any beneficiary under any Letter of Credit shall have
drawn or be entitled at such time to draw thereunder) and (ii) in the event of a prepayment under Section 2.6(b), the Administrative Agent will retain such amount as may then be required to be retained, such amounts in each case
under clauses (i) and (ii) above to be held by the Administrative Agent in a cash collateral account (the “Cash Collateral Account”). The Borrower hereby grants to the Administrative Agent, for the benefit of the Issuing
Lender and the Lenders, a Lien upon and security interest in the Cash Collateral Account and all amounts held therein from time to time as security for Letter of Credit Exposure, and for application to the Borrower’s Reimbursement Obligations
as and when the same shall arise. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest on the investment of such amounts in Cash Equivalents,
which investments shall be made at the direction of the Borrower (unless a Default or Event of Default shall have occurred and be continuing, in which case the determination as to investments shall be made at the option and in the discretion of the
Administrative Agent), amounts in the Cash Collateral Account shall not bear interest. Interest and profits, if any, on such investments shall accumulate in such account. In the event of a drawing, and subsequent payment by the Issuing Lender, under
any Letter of Credit at any time during which any amounts are held in the Cash Collateral Account, the Administrative Agent will deliver to the Issuing Lender an amount equal to the Reimbursement Obligation created as a result of such payment (or,
if the amounts so held are less than such Reimbursement Obligation, all of such amounts) to reimburse the Issuing Lender therefor. Any amounts remaining in the Cash Collateral Account (including interest) after the expiration of all Letters of
Credit and reimbursement in full of the Issuing Lender for all of its obligations thereunder shall be held by the Administrative Agent, for the benefit of the Borrower, to be applied against the Obligations in such order and manner as the
Administrative Agent may direct. If the Borrower is required to provide cash collateral pursuant to Section 2.6(b), such amount (including interest), to the extent not applied as aforesaid, shall be returned to the Borrower on demand,
provided that after giving effect to such return (i) the sum of (y) the aggregate principal amount of all Loans outstanding at such time and (z) the aggregate Letter of Credit Exposure of all Lenders at such time would not
exceed the aggregate Commitments at such time and (ii) no Default or Event of Default shall have occurred and be continuing at such time. If the Borrower is required to provide cash collateral as a result of an Event of Default, such amount (to
the extent not applied as aforesaid) shall be returned to the Borrower within three (3) Business Days after all Events of Default have been cured or waived. 

3.9 The Issuing Lender. The Issuing Lender shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and
the documents associated therewith, and the Issuing Lender shall have all of the rights, benefits and immunities (a) provided to the 

  
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Administrative Agent in ARTICLE X with respect to any acts taken or omissions suffered by it in connection with Letters of Credit issued by it or proposed to be issued by it and any
documents pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in ARTICLE X included the Issuing Lender with respect to such acts or omissions, and (b) as additionally provided herein with
respect to the Issuing Lender. 
 3.10 Effectiveness. Notwithstanding any termination of the Commitments or repayment of the
Loans, or both, the obligations of the Borrower under this ARTICLE III shall remain in full force and effect until the Issuing Lender and the Lenders shall have no further obligations to make any payments or disbursements under any
circumstances with respect to any Letter of Credit. 
 ARTICLE IV 

CONDITIONS OF BORROWING 

4.1 Conditions of Initial Borrowing. The obligation of each Lender to make Loans in connection with the initial Borrowing hereunder,
and the obligation of the Issuing Lender to issue Letters of Credit hereunder on the Restatement Effective Date, is subject to the satisfaction of the following conditions precedent: 

(a) The Administrative Agent shall have received the following, each dated as of the Restatement Effective Date (unless otherwise specified)
and, except for the Notes, in sufficient copies for each Lender: 
 (i) counterparts hereof signed by each of the parties
hereto (or, in the case of any party as to which an executed counterpart hereof shall not have been received, receipt by the Administrative Agent in form satisfactory to it of electronic, telegraphic, telecopy, or other written confirmation from
such party of execution of a counterpart hereof by such party), including, without limitation, Lenders holding Commitments in an aggregate amount of $250,000,000; 

(ii) to the extent requested by any Lender in accordance with Section 2.4(d), a Revolving Note for each Lender that
is a party hereto as of the Restatement Effective Date, in the amount of such Lender’s Commitment, each duly completed in accordance with the relevant provisions of Section 2.4(d) and executed by the Borrower; and 

(iii) the favorable opinion of Womble Carlyle Sandridge & Rice, LLP, special counsel to the Borrower, addressed to the
Administrative Agent and the Lenders, in form and substance reasonably satisfactory to the Administrative Agent. 
 (b) The Administrative
Agent shall have received a certificate, signed by the president, the chief executive officer, the chief financial officer or the treasurer of the Borrower, in form and substance satisfactory to the Administrative Agent, certifying that (i) all
representations and warranties of the Borrower contained in this Agreement and the other Credit Documents are true and correct as of the Restatement Effective Date in all material respects (except to the extent such representation and warranty is
qualified by materiality, in which case, such representation and warranty shall be true and correct in all respects or except to the extent 

  
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that such representation and warranty is made as of a specific date, in which case, such representation and warranty shall be true and correct as of such date), both immediately before and
after giving effect to the consummation of the transactions contemplated hereby, the making of the initial Loans hereunder and the application of the proceeds thereof, (ii) no Default or Event of Default has occurred and is continuing, both
immediately before and after giving effect to the consummation of the transactions contemplated hereby, the making of the initial Loans hereunder and the application of the proceeds thereof, (iii) both immediately before and after giving effect
to the consummation of the transactions contemplated hereby, the making of the initial Loans hereunder and the application of the proceeds thereof, no Material Adverse Change has occurred since December 31, 2014 and, to the best of his
knowledge, there exists no event, condition or state of facts that could reasonably be expected to result in a Material Adverse Change, and (iv) all conditions to the initial extensions of credit hereunder set forth in this
Section 4.1 and in Section 4.2 have been satisfied or waived as required hereunder. 
 (c) The Administrative
Agent shall have received a certificate of the secretary or an assistant secretary of each of the Borrower and its Subsidiaries (other than Excluded Subsidiaries), in form and substance satisfactory to the Administrative Agent, certifying
(i) that attached thereto is a true and complete copy of the articles or certificate of incorporation and all amendments thereto of the Borrower or such Subsidiary, as the case may be, certified as of a recent date by the Secretary of State (or
comparable Governmental Authority) of its jurisdiction of organization, and that the same has not been amended since the date of such certification, (ii) that attached thereto is a true and complete copy of the bylaws of the Borrower or such
Subsidiary, as the case may be, as then in effect and as in effect at all times from the date on which the resolutions referred to in clause (iii) below were adopted to and including the date of such certificate, and (iii) that attached
thereto is a true and complete copy of resolutions adopted by the board of directors of the Borrower or such Subsidiary, as the case may be, authorizing the execution, delivery and performance of this Agreement and the other Credit Documents to
which it is a party, and as to the incumbency and genuineness of the signature of each officer of the Borrower or such Subsidiary, as the case may be, executing this Agreement or any of such other Credit Documents, and attaching all such copies of
the documents described above. 
 (d) The Administrative Agent shall have received a certificate as of a recent date of the good standing or
existence of each of the Borrower and its Subsidiaries under the laws of its jurisdiction of organization, from the Secretary of State (or comparable Governmental Authority) of such jurisdiction. 

(e) All legal, tax, accounting, business and other matters and all corporate or other proceedings incident to the transactions contemplated
hereby shall be satisfactory in form and substance to the Administrative Agent; all approvals, permits and consents of any Governmental Authorities or other Persons required in connection with the execution and delivery of this Agreement and the
other Credit Documents and the consummation of the transactions contemplated hereby and thereby shall have been obtained, without the imposition of conditions that are not acceptable to the Administrative Agent, and all related filings, if any,
shall have been made, and all such approvals, permits, consents and filings shall be in full force and effect and the Administrative Agent shall have received such copies thereof as it shall have requested; all applicable waiting periods shall have
expired without any adverse action being taken by any Governmental Authority having jurisdiction; and no action, proceeding, investigation, regulation 

  
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or legislation shall have been instituted, threatened or proposed before, and no order, injunction or decree shall have been entered by, any court or other Governmental Authority, in each case to
enjoin, restrain or prohibit, to obtain substantial damages in respect of, or that is otherwise related to or arises out of, this Agreement, any of the other Credit Documents or the consummation of the transactions contemplated hereby or thereby, or
that, in the opinion of the Administrative Agent, could reasonably be expected to have a Material Adverse Effect. 
 (f) Since
December 31, 2014, both immediately before and after giving effect to the consummation of the transactions contemplated by this Agreement, there shall not have occurred any Material Adverse Change or any event, condition or state of facts that
could reasonably be expected to result in a Material Adverse Change. 
 (g) The Borrower shall have paid (i) to Wells Fargo and Wells
Fargo Securities, the fees required under the Wells Fargo Fee Letter to be paid to them on the Restatement Effective Date, in the amounts due and payable on the Restatement Effective Date, as required by the terms thereof, (ii) to the
Administrative Agent, the initial payment of the annual administrative fee described in the Wells Fargo Fee Letter and (iii) all other fees and expenses of the Arrangers, the Administrative Agent and the Lenders required hereunder or under any
other Credit Document to be paid on or prior to the Restatement Effective Date (including fees and expenses of counsel) in connection with this Agreement and the transactions contemplated hereby. 

(h) The Administrative Agent shall have received the Projections as described in Section 5.11(b), which shall be in form
and substance satisfactory to the Administrative Agent.  
 (i) The Administrative Agent shall have received evidence satisfactory to
it that (i) concurrently with the making of the initial Loans hereunder, all principal, interest and other amounts outstanding with respect to the Existing Credit Agreement shall be repaid and satisfied in full and (ii) any letters of
credit outstanding with respect to the Existing Credit Agreement (other than the Existing Letters of Credit) shall have been terminated or canceled. 

(j) The Administrative Agent shall have received evidence in form and substance reasonably satisfactory to it that all of the requirements
of Section 6.6 have been satisfied. 
 (k) The Administrative Agent shall have received all documentation and other information
requested by the Administrative Agent that is required to satisfy applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the PATRIOT Act. 

(l) There shall be no liquidation or dissolution proceedings pending or threatened against the Borrower and the Borrower shall not be aware of
any event or fact affecting or threatening the corporate existence of the Borrower or any of its Subsidiaries. 
 (m) The Administrative
Agent shall have received an Account Designation Letter, together with written instructions from an Authorized Officer, including wire transfer information, directing the payment of the proceeds of the initial Loans to be made hereunder. 

  
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 (n) The Administrative Agent and each Lender shall have received such other documents,
certificates, opinions and instruments in connection with the transactions contemplated hereby as it shall have reasonably requested. 
 4.2
Conditions of All Borrowings. The obligation of each Lender and the Swingline Lender to make any Loans hereunder, including the initial Loans (but excluding Revolving Loans made for the purpose of repaying Refunded Swingline Loans pursuant to
Section 2.2(e)), and the obligation of the Issuing Lender to issue any Letters of Credit hereunder, is subject to the satisfaction of the following conditions precedent on the relevant Borrowing Date or date of issuance: 

(a) The Administrative Agent shall have received a Notice of Borrowing in accordance with Section 2.2(b), or (together with
the Swingline Lender) a Notice of Swingline Borrowing in accordance with Section 2.2(d), or (together with the Issuing Lender) a Letter of Credit Notice in accordance with Section 3.2, as applicable; 

(b) Each of the representations and warranties contained in ARTICLE V and in the other Credit Documents shall be true and
correct in all material respects on and as of such Borrowing Date (including the Restatement Effective Date, in the case of the initial Loans made hereunder) or date of issuance with the same effect as if made on and as of such date (except to the
extent such representation and warranty is qualified by materiality, in which case, such representation and warranty shall be true and correct in all respects or except to the extent that such representation and warranty is made as of a specific
date, in which case, such representation and warranty shall be true and correct as of such date), both immediately before and after giving effect to the Loans to be made or Letter of Credit to be issued on such date; and 

(c) No Default or Event of Default shall have occurred and be continuing on such date, both immediately before and after giving effect to the
Loans to be made or Letter of Credit to be issued on such date. 
 Each giving of a Notice of Borrowing, a Notice of Swingline Borrowing, or
a Letter of Credit Notice and the consummation of each Borrowing or issuance of a Letter of Credit, shall be deemed to constitute a representation by the Borrower that the statements contained in subsections (b) and (c) above are true,
both as of the date of such notice or request and as of the relevant Borrowing Date or date of issuance. 
 ARTICLE V 

REPRESENTATIONS AND WARRANTIES 

To induce the Administrative Agent, the Issuing Lender and the Lenders to enter into this Agreement and to induce the Lenders to extend the
credit contemplated hereby and the Issuing Lender to issue Letters of Credit, the Borrower represents and warrants to the Administrative Agent and the Lenders as follows: 

5.1 Corporate Organization and Power. Each of the Borrower and its Subsidiaries (i) is a corporation duly organized, validly
existing and in good standing under the laws of the jurisdiction of its incorporation, (ii) has the full corporate power and authority to execute, deliver 

  
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and perform the Credit Documents to which it is or will be a party, to own and hold its property and to engage in its business as presently conducted, and (iii) is duly qualified to do
business as a foreign corporation and is in good standing in each jurisdiction where the nature of its business or the ownership of its properties requires it to be so qualified, except where the failure to be so qualified would not, individually or
in the aggregate, be reasonably likely to have a Material Adverse Effect. 
 5.2 Authorization; Enforceability. Each of the Borrower
and its Subsidiaries has taken, or on the Restatement Effective Date will have taken, all necessary corporate action to execute, deliver and perform each of the Credit Documents to which it is or will be a party, and has, or on the Restatement
Effective Date (or any later date of execution and delivery) will have, validly executed and delivered each of the Credit Documents to which it is or will be a party. This Agreement constitutes, and each of the other Credit Documents upon execution
and delivery will constitute, the legal, valid and binding obligation of each of the Borrower and its Subsidiaries that is a party hereto or thereto, enforceable against it in accordance with its terms, except as enforceability may be limited by
bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally, by general equitable principles or by principles of good faith and fair dealing (regardless of whether enforcement is sought in
equity or at law). 
 5.3 No Violation. The execution, delivery and performance by each of the Borrower and its Subsidiaries of this
Agreement and each of the other Credit Documents to which it is or will be a party, and compliance by it with the terms hereof and thereof, do not and will not (i) violate any provision of its articles or certificate of incorporation or its
bylaws, (ii) contravene any other Requirement of Law applicable to it, (iii) conflict with, result in a breach of or constitute (with notice, lapse of time or both) a default under any indenture, contract, agreement or other instrument to
which it is a party, by which it or any of its properties is bound or to which it is subject, except where such conflict, breach or default would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, or
(iv) result in or require the creation or imposition of any Lien upon any of its properties or assets. No Subsidiary is a party to any agreement or instrument or otherwise subject to any restriction or encumbrance that restricts or limits its
ability to make dividend payments or other distributions in respect of its Capital Stock, to repay Indebtedness owed to the Borrower or any other Subsidiary, to make loans or advances to the Borrower or any other Subsidiary, or to transfer any of
its assets or properties to the Borrower or any other Subsidiary, in each case other than such restrictions or encumbrances existing under or by reason of the Credit Documents or applicable Requirements of Law. 

5.4 Governmental and Third-Party Authorization; Permits. 

(a) No consent, approval, authorization or other action by, notice to, or registration or filing with, any Governmental Authority or other
Person is or will be required as a condition to or otherwise in connection with the due execution, delivery and performance by each of the Borrower and its Subsidiaries of this Agreement or any of the other Credit Documents to which it is or will be
a party or the legality, validity or enforceability hereof or thereof, other than (i) consents, authorizations and filings that have been (or on or prior to the Restatement Effective Date will have been) made or obtained and that are (or on the
Restatement Effective Date will 

  
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be) in full force and effect, which consents, authorizations and filings are listed on Schedule 5.4, and (ii) consents and filings the failure to obtain or make would not,
individually or in the aggregate, have a Material Adverse Effect. 
 (b) Each of the Borrower and its Subsidiaries has, and is in
good standing with respect to, all governmental approvals, licenses, permits and authorizations necessary to conduct its business as presently conducted and to own or lease and operate its properties, except for those the failure of which to obtain
would not be reasonably likely, individually or in the aggregate, to have a Material Adverse Effect. 
 5.5 Litigation. There are no
actions, investigations, suits or proceedings pending or, to the knowledge of the Borrower, threatened, at law, in equity or in arbitration, before any court, other Governmental Authority, arbitrator or other Person, (i) against or affecting
the Borrower, any of its Subsidiaries or any of their respective properties that could reasonably be expected to have a Material Adverse Effect, or (ii) with respect to this Agreement or any of the other Credit Documents or any of the
transactions contemplated hereby or thereby. 
 5.6 Taxes. Each of the Borrower and its Subsidiaries has timely filed all federal,
state and local tax returns and reports required to be filed by it (except for those the failure to file would not be reasonably likely to, individually or in the aggregate, to have a Material Adverse Effect) and has paid, prior to the date on which
penalties would attach thereto or a Lien would attach to any of the properties of the Borrower or its Subsidiaries if unpaid, all taxes, assessments, fees and other charges levied upon it or upon its properties that are shown thereon as due and
payable, other than those that are not yet delinquent or that are being contested in good faith and by proper proceedings and for which adequate reserves have been established in accordance with GAAP. Such returns accurately reflect in all material
respects all liability for taxes of the Borrower and its Subsidiaries for the periods covered thereby. There is no unresolved claim by any Governmental Authority concerning the tax liability of the Borrower or any of its Subsidiaries for any period
for which tax returns have been or were required to have been filed, other than unsecured claims for which adequate reserves have been established in accordance with GAAP. Neither the Borrower nor any of its Subsidiaries has waived or extended or
has been requested to waive or extend the statute of limitations relating to the payment of any taxes, other than taxes for which adequate reserves have been established in accordance with GAAP. 

5.7 Subsidiaries. Schedule 5.7 sets forth a list, as of the Restatement Effective Date, of all of the Subsidiaries of the
Borrower and, as to each such Subsidiary, the percentage ownership (direct and indirect) of the Borrower in each class of its capital stock and each direct owner thereof. Except for the shares of capital stock expressly indicated on
Schedule 5.7 as of the Restatement Effective Date, there are no shares of capital stock, warrants, rights, options or other equity securities, or other Capital Stock of any Subsidiary of the Borrower outstanding or reserved for any
purpose. All outstanding shares of capital stock of each Subsidiary of the Borrower are duly and validly issued, fully paid and nonassessable. The Borrower is the sole legal, record and beneficial owner of, and has good and valid title to, all such
capital stock, free and clear of all Liens. 

  
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 5.8 Full Disclosure. All factual information heretofore or contemporaneously furnished to
the Administrative Agent or any Lender in writing by or on behalf of the Borrower or any of its Subsidiaries for purposes of or in connection with this Agreement and the transactions contemplated hereby is, and all other such factual information
hereafter furnished to the Administrative Agent or any Lender in writing by or on behalf of the Borrower or any of its Subsidiaries will be, true and accurate in all material respects on the date as of which such information is dated or certified
(or, if such information has been updated, amended or supplemented, on the date as of which any such update, amendment or supplement is dated or certified) and not made incomplete by omitting to state a material fact necessary to make the statements
contained herein and therein, in light of the circumstances under which such information was provided, not misleading. 
 5.9 Margin
Regulations. Neither the Borrower nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying Margin Stock. No proceeds of the Loans
will be used, directly or indirectly, to purchase or carry any Margin Stock, to extend credit for such purpose or for any other purpose that would violate or be inconsistent with Regulations T, U or X or any provision of the Exchange Act. Not more
than 25% of the value of the assets of the Borrower and its Subsidiaries is represented by Margin Stock. 
 5.10 No Material Adverse
Change. There has been no Material Adverse Change since December 31, 2014, and there exists no event, condition or state of facts that could reasonably be expected to result in a Material Adverse Change. 

5.11 Financial Matters. 

(a) The Borrower has heretofore furnished to the Administrative Agent copies of (i) the audited consolidated balance sheets of the
Borrower and its Subsidiaries as of December 31, 2014, and the related statements of income, cash flows and shareholders’ equity for the fiscal years then ended, together with the opinion of Ernst & Young LLP thereon, and
(ii) the unaudited consolidated balance sheet of the Borrower and its Subsidiaries as of September 30, 2015, and the related statements of income, cash flows and shareholders’ equity for the nine
(9)-month period then ended. Such financial statements have been prepared in accordance with GAAP (subject, with respect to the unaudited financial statements, to the absence of notes required by GAAP and to
normal year-end adjustments) and present fairly the financial condition of the Borrower and its Subsidiaries on a consolidated basis as of the respective dates thereof and the consolidated results of operations of the Borrower and its Subsidiaries
for the respective periods then ended. Except as fully reflected in the most recent financial statements referred to above and the notes thereto as of the Restatement Effective Date, there are no material liabilities or obligations with respect to
the Borrower or any of its Subsidiaries of any nature whatsoever (whether absolute, contingent or otherwise and whether or not due). 
 (b)
The Borrower has prepared, and has heretofore furnished to the Administrative Agent a copy of, annual projections of the Borrower for the five (5)-year period beginning with the year ending December 31, 2015, giving effect to the initial
extensions of credit made under this Agreement, including, without limitation, the assumption of the Existing Letters of Credit 

  
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under this Agreement, and the payment of transaction fees and expenses related to the foregoing (the “Projections”). In the opinion of management of the Borrower, the assumptions
used in the preparation of the Projections were fair, complete and reasonable when made and continue to be fair, complete and reasonable as of the Restatement Effective Date. The Projections have been prepared in good faith by the executive and
financial personnel of the Borrower, are complete as of the Restatement Effective Date and represent as of the Restatement Effective Date a reasonable estimate of the future performance and financial condition of the Borrower, subject to the
uncertainties and approximations inherent in any projections. 
 (c) Each of the Borrower and its Subsidiaries, after giving effect to the
consummation of the transactions contemplated hereby, (i) has capital sufficient to carry on its businesses as conducted and as proposed to be conducted, (ii) has assets with a fair saleable value, determined on a going concern basis,
(y) not less than the amount required to pay the probable liability on its existing debts as they become absolute and matured and (z) greater than the total amount of its liabilities (including identified contingent liabilities, valued at
the amount that can reasonably be expected to become absolute and matured in their ordinary course), and (iii) does not intend to, and does not believe that it will, incur debts or liabilities beyond its ability to pay such debts and
liabilities as they mature in their ordinary course. 
 5.12 Ownership of Properties. Except where the failure to do so would not,
individually or in the aggregate, reasonably be expected to cause a Material Adverse Effect, each of the Borrower and its Subsidiaries (i) has good and marketable title to all material real properties owned by it, (ii) holds interests as
lessee under valid leases in full force and effect with respect to all material leased real and personal property used in connection with its business, (iii) possesses or has rights to use licenses, patents, copyrights, trademarks, service
marks, trade names and other assets sufficient to enable it to continue to conduct its business substantially as heretofore conducted and without any material conflict with the rights of others, and (iv) has good title to all of its other
material properties and assets reflected in the most recent financial statements referred to in Section 5.11(a) (except as sold or otherwise disposed of since the date thereof in the ordinary course of business), in each case under (i),
(ii), (iii) and (iv) above free and clear of all Liens other than Permitted Liens. 
 5.13 ERISA. 

(a) Each of the Borrower and its ERISA Affiliates is in compliance in all material respects with the applicable provisions of ERISA, and each
Plan is and has been administered in compliance in all material respects with all applicable Requirements of Law, including, without limitation, the applicable provisions of ERISA and the Internal Revenue Code. No ERISA Event (i) has occurred
within the five (5)-year period prior to the Restatement Effective Date, (ii) has occurred and is continuing, or (iii) to the knowledge of the Borrower, is reasonably expected to occur with respect to any Plan. No Plan has any Unfunded
Pension Liability as of the most recent annual valuation date applicable thereto, and neither the Borrower nor any ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or 4212(c) of ERISA. 

(b) Neither the Borrower nor any ERISA Affiliate has had a complete or partial withdrawal from any Multiemployer Plan, and neither the
Borrower nor any ERISA Affiliate would become subject to any liability under ERISA if the Borrower or any ERISA Affiliate were 

  
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to withdraw completely from all Multiemployer Plans as of the most recent valuation date. No Multiemployer Plan is in “reorganization” or is “insolvent” within the meaning of
such terms under ERISA. 
 5.14 Environmental Matters. 

(a) No Hazardous Substances are or have been generated, used, located, released, treated, disposed of or stored by the Borrower or any of its
Subsidiaries or, to the knowledge of the Borrower, by any other Person (including any predecessor in interest) or otherwise, in, on or under any portion of any real property, leased or owned, of the Borrower or any of its Subsidiaries, except in
compliance with the requirements of all applicable Environmental Laws and except where the failure to do so is not reasonably likely to result in a Material Adverse Effect, and no portion of any such real property or, to the knowledge of the
Borrower, any other real property at any time leased, owned or operated by the Borrower or any of its Subsidiaries, has been contaminated by any Hazardous Substance to the extent that is reasonably likely to result in a Material Adverse Effect; and
no portion of any real property, leased or owned, of the Borrower or any of its Subsidiaries has been or is presently or, to the knowledge of the Borrower, has ever been, the subject of an environmental audit, assessment or remedial action to the
extent that is reasonably likely to result in a Material Adverse Effect. 
 (b) No portion of any real property, leased or owned, of the
Borrower or any of its Subsidiaries has been used by the Borrower or any of its Subsidiaries or, to the knowledge of the Borrower, by any other Person, as or for a mine, a landfill, a dump or other disposal facility, a gasoline service station, or
(other than for petroleum substances stored in the ordinary course of business) a petroleum products storage facility; no portion of such real property or any other real property at any time leased, owned or operated by the Borrower or any of its
Subsidiaries has, pursuant to any Environmental Law, been placed on the “National Priorities List” or “CERCLIS List” (or any similar federal, state or local list) of sites subject to possible environmental problems. 

(c) All activities and operations of the Borrower and its Subsidiaries are in compliance with the requirements of all applicable Environmental
Laws, except to the extent the failure so to comply, individually or in the aggregate, would not be reasonably likely to have a Material Adverse Effect. Each of the Borrower and its Subsidiaries has obtained all licenses and permits under
Environmental Laws necessary to its respective operations except where the failure to do so is not reasonably likely to result in a Material Adverse Effect; all such licenses and permits are being maintained in good standing except where the failure
to do so is not reasonably likely to result in a Material Adverse Effect; and each of the Borrower and its Subsidiaries is in compliance with all terms and conditions of such licenses and permits, except for such licenses and permits the failure to
obtain, maintain or comply with which would not be reasonably likely, individually or in the aggregate, to have a Material Adverse Effect. Neither the Borrower nor any of its Subsidiaries is involved in any suit, action or proceeding, or has
received any notice, complaint or other request for information from any Governmental Authority or other Person, with respect to any actual or alleged Environmental Claims that, if adversely determined, would be reasonably likely, individually or in
the aggregate, to have a Material Adverse Effect; and, to the knowledge of the Borrower, there are no threatened actions, suits, proceedings or investigations with respect to any such Environmental Claims, nor any basis therefore that, if adversely
determined, would be reasonably likely to have a Material Adverse Effect. 

  
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 5.15 Compliance with Laws. Each of the Borrower and its Subsidiaries: (i) has timely
filed all material reports, documents and other materials required to be filed by it under all applicable Requirements of Law with any Governmental Authority, (ii) has retained all material records and documents required to be retained by it
under all applicable Requirements of Law, and (iii) is otherwise in compliance with all applicable Requirements of Law in respect of the conduct of its business and the ownership and operation of its properties, except in each case under
clauses (i), (ii) and (iii) above for such Requirements of Law the failure to comply with which, individually or in the aggregate, would not be reasonably likely to have a Material Adverse Effect. 

5.16 Regulated Industries. Neither the Borrower nor any of its Subsidiaries is (i) an “investment company,” a company
“controlled” by an “investment company,” or an “investment advisor,” within the meaning of the Investment Company Act of 1940, as amended, or (ii) a “holding company,” a “subsidiary company” of
a “holding company,” or an “affiliate” of a “holding company” or of a “subsidiary company” of a “holding company,” within the meaning of the Public Utility Holding Company Act of 1935, as amended.

 5.17 Insurance. Schedule 5.17 sets forth a true and complete summary of all material insurance policies or arrangements
carried or maintained by the Borrower and its Subsidiaries as of the Restatement Effective Date, indicating in each case the insurer, policy number, expiration, amount and type of coverage and deductibles. The assets, properties and business of the
Borrower and its Subsidiaries are insured against such hazards and liabilities, under such coverages and in such amounts, as are customarily maintained by prudent companies similarly situated and under policies issued by insurers of recognized
responsibility. 
 5.18 Material Contracts. Schedule 5.18 lists, as of the Restatement Effective Date, each
“material contract” (within the meaning of Item 601(b)(10) of Regulation S-K under the Exchange Act) to which the Borrower or any of its Subsidiaries is a party, by which any of them or their respective properties is bound or to which
any of them is subject (collectively, “Material Contracts”), and also indicates the parties, subject matter and term thereof. As of the Restatement Effective Date and except with respect to the Existing Credit Agreement or any
Material Contract that has expired since the date it was most recently disclosed as a “material contract” pursuant to Regulation S-K under the Exchange Act, (i) each Material Contract is in full force and effect and is enforceable by
the Borrower or the Subsidiary that is a party thereto in accordance with its terms, and (ii) neither the Borrower nor any of its Subsidiaries (nor, to the knowledge of the Borrower, any other party thereto) is in breach of or default under any
Material Contract in any material respect or has given notice of termination or cancellation of any Material Contract. 
 5.19 Trade
Relations. To the best of the Borrower’s knowledge, there exists no actual or threatened termination, cancellation or limitation of, or any modification or change in, any business relationship of the Borrower or its Subsidiaries which would
be reasonably likely to have a Material Adverse Effect, including, without limitation, any business relationship with any customer or any group of customers or any supplier or group of suppliers. 

  
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 5.20 Labor Relations. Neither the Borrower nor any of its Subsidiaries is engaged in any
unfair labor practice within the meaning of the National Labor Relations Act of 1947, as amended, to the extent that is reasonably likely, individually or in the aggregate, to cause a Material Adverse Effect. Except for those situations that would
not, individually or in the aggregate, be reasonably likely to result in a Material Adverse Effect, there is (i) no unfair labor practice complaint before the National Labor Relations Board, or grievance or arbitration proceeding arising out of
or under any collective bargaining agreement, pending or, to the knowledge of the Borrower, threatened, against the Borrower or any of its Subsidiaries, (ii) no strike, lock-out, slowdown, stoppage, walkout or other labor dispute pending or, to
the knowledge of the Borrower, threatened, against the Borrower or any of its Subsidiaries, and (iii) to the knowledge of the Borrower, no petition for certification or union election or union organizing activities taking place with respect to
the Borrower or any of its Subsidiaries. As of the Restatement Effective Date, there are no collective bargaining or Multiemployer Plans covering the employees of the Borrower or any of its Subsidiaries. 

5.21 Leases. The Borrower and its Subsidiaries, enjoy peaceful and undisturbed possession under all of their leases and all such leases
are valid and subsisting and in full force and effect except such leases that if not in existence would not be reasonably likely to have a Material Adverse Effect. 

5.22 Anti-Corruption Laws; Sanctions. 

(a) None of the Borrower, any Subsidiary of the Borrower or any Affiliate of the Borrower, or any of their respective directors, officers,
employees, agents or representatives (i) is a Sanctioned Person or currently the subject or target of any Sanctions or (ii) has taken any action, directly or indirectly, that would result in a violation by such Person of any
Anti-Corruption Laws. 
 (b) Neither the making of the Loans hereunder nor the use of the proceeds thereof will violate the PATRIOT Act, the
Trading with the Enemy Act, as amended, or any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto. The
Borrower and its Subsidiaries are in compliance in all material respects with the PATRIOT Act, except to the extent the failure to comply, individually or in the aggregate, is not reasonably likely to cause a Material Adverse Effect. 

ARTICLE VI 
 AFFIRMATIVE
COVENANTS 
 The Borrower covenants and agrees that, until the termination of the Commitments, the termination or expiration of all
Letters of Credit and the payment in full of all principal and interest with respect to the Loans and all Reimbursement Obligations together with all other amounts then due and owing hereunder: 

  
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 6.1 Financial Statements. The Borrower will deliver to each Lender: 

(a) Concurrently with filing its Quarterly Report on Form 10-Q with the Securities and Exchange Commission and in any event within sixty
(60) days after the end of each of the first three fiscal quarters of each fiscal year, beginning with the fiscal quarter ending March 31, 2016, unaudited consolidated balance sheets of the Borrower and its Subsidiaries as of the end of
such fiscal quarter and unaudited consolidated statements of income and cash flows for the Borrower and its Subsidiaries for the fiscal quarter then ended and (in the case of the second and third fiscal quarters) for that portion of the fiscal year
then ended, in each case setting forth comparative consolidated figures as of the end of and for the corresponding period in the preceding fiscal year, all in reasonable detail and prepared in accordance with GAAP (subject to the absence of notes
required by GAAP and subject to normal year-end adjustments) applied on a basis consistent with that of the preceding quarter or containing disclosure of the effect on the financial condition or results of operations of any change in the application
of accounting principles and practices during such quarter; provided that delivery within the time period specified above of copies of the Borrower’s Quarterly Report on Form 10-Q prepared in compliance with the requirements therefore
and filed with the Securities and Exchange Commission shall be deemed to satisfy the requirements of this Section 6.1; and 

(b) Concurrently with filing its Annual Report on Form 10-K with the Securities and Exchange Commission and in any event within one hundred
(100) days after the end of each fiscal year, beginning with the fiscal year ending December 31, 2015, an audited consolidated balance sheet of the Borrower and its Subsidiaries as of the end of such fiscal year and audited
consolidated statements of income, cash flows and stockholders’ equity for the Borrower and its Subsidiaries for the fiscal year then ended, including the notes thereto, in each case setting forth comparative figures as of the end of and for
the preceding fiscal year, all in reasonable detail and certified by the independent certified public accounting firm regularly retained by the Borrower or another independent certified public accounting firm of recognized national standing
reasonably acceptable to the Required Lenders, together with a report thereon by such accountants that is not qualified as to going concern or scope of audit and to the effect that such financial statements present fairly the consolidated
financial condition and results of operations of the Borrower and its Subsidiaries as of the dates and for the periods indicated in accordance with GAAP applied on a basis consistent with that of the preceding year or containing disclosure of the
effect on the financial condition or results of operations of any change in the application of accounting principles and practices during such year, provided however that the delivery within the time period specified above of the
Borrower’s Annual Report on Form 10-K for such fiscal year (together with the Borrower’s annual report to shareholders, if any, prepared pursuant to Rule 14a-3 under the Exchange Act) prepared in accordance with the requirements therefor
and filed with the Securities and Exchange Commission, together with the accountant’s report described above, shall be deemed to satisfy the requirements of this Section 6.1. 

6.2 Other Business and Financial Information. The Borrower will deliver to the Administrative Agent: 

(a) Within sixty (60) days after the end of each of the first three (3) fiscal quarters of each fiscal year, beginning with the
fiscal quarter ending March 31, 2016, and within one hundred (100) days after the end of each fiscal year, beginning with the fiscal year ending 

  
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December 31, 2015, a Compliance Certificate with respect to the period covered by the financial statements delivered under Section 6.1, executed by a Financial Officer of
the Borrower, together with a Covenant Compliance Worksheet reflecting the computation of the financial covenants set forth in Sections 7.1 and 7.2 as of the last day of the period covered by such financial statements; 

(b) Concurrently with each delivery thereof, a copy of any certificate regarding the status of defaults or events of defaults required to be
delivered in connection with the Note Purchase Agreements; 
 (c) As soon as available and in any event within forty-five (45) days
after the end of each fiscal year, beginning with the fiscal year ending December 31, 2016, a consolidated financial forecast for the Borrower and its Subsidiaries for the next fiscal year (prepared on an annual basis and updated periodically
as may be requested by the Administrative Agent, but no more frequently than quarterly), consisting of a consolidated balance sheet and consolidated statements of income and cash flows, together with a certificate of a Financial Officer of the
Borrower to the effect that such forecast have been prepared in good faith and are reasonable estimates of the financial position and results of operations of the Borrower and its Subsidiaries for the period covered thereby subject to the
uncertainties and approximations inherent in any projections; and as soon as reasonably available from time to time thereafter, any modifications or revisions to or restatements of such forecast that are prepared by the Borrower; 

(d) [Reserved]; 
 (e)
Promptly upon the sending, filing or receipt thereof, copies of (i) all financial statements, reports, notices and proxy statements that the Borrower or any of its Subsidiaries shall send or make available generally to its shareholders,
(ii) all regular, periodic and special reports, registration statements and prospectuses (other than on Form S-8) that the Borrower or any of its Subsidiaries shall render to or file with the Securities and Exchange Commission, the National
Association of Securities Dealers, Inc. or any national securities exchange, and (iii) all press releases and other statements made available generally by the Borrower or any of its Subsidiaries to the public concerning material developments in
the business of the Borrower or any of its Subsidiaries (documents required to be delivered pursuant to Section 6.2(e) (to the extent any such documents are included in materials otherwise filed with the Securities and Exchange
Commission) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date the Borrower notifies the Administrative Agent that such documents have become available on the U.S. Securities Exchange
Commission’s EDGAR Database provided that: (i) Borrower shall deliver paper copies of such documents to the Administrative Agent or any Lender that requests the Borrower to deliver such paper copies until a written request to
cease delivering paper copies is given by the Administrative Agent or such Lender and (ii) the Borrower shall notify the Administrative Agent and each Lender (by telecopier or electronic mail) of the posting of any such documents); 

(f) Promptly upon (and in any event within five (5) Business Days after) any Responsible Officer of the Borrower obtaining knowledge
thereof, written notice of any of the following: 

  
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 (i) the occurrence of any Default or Event of Default, together with a written
statement of a Responsible Officer of the Borrower specifying the nature of such Default or Event of Default, the period of existence thereof and the action that the Borrower has taken and proposes to take with respect thereto; 

(ii) the institution or threatened institution of any action, suit, investigation or proceeding against or affecting the
Borrower or any of its Subsidiaries, including any such investigation or proceeding by any Governmental Authority (other than routine periodic inquiries, investigations or reviews), that would, if adversely determined, be reasonably likely,
individually or in the aggregate, to have a Material Adverse Effect, and any material development in any litigation or other proceeding previously reported pursuant to Section 5.5 or this subsection; 

(iii) the receipt by the Borrower or any of its Subsidiaries from any Governmental Authority of (y) any notice asserting
any failure by the Borrower or any of its Subsidiaries to be in compliance with applicable Requirements of Law which is reasonably likely to have a Material Adverse Effect or that threatens the taking of any action against the Borrower or such
Subsidiary or sets forth circumstances that, if taken or adversely determined, would be reasonably likely to have a Material Adverse Effect, or (z) any notice of any actual or threatened suspension, limitation or revocation of, failure to
renew, or imposition of any restraining order, escrow or impoundment of funds in connection with, any license, permit, accreditation or authorization of the Borrower or any of its Subsidiaries, where any such action would be reasonably likely to
have a Material Adverse Effect; 
 (iv) the occurrence of any ERISA Event, together with (x) a written statement of a
Responsible Officer of the Borrower specifying the details of such ERISA Event and the action that the Borrower has taken and proposes to take with respect thereto, (y) a copy of any notice with respect to such ERISA Event that may be required
to be filed with the PBGC and (z) a copy of any notice delivered by the PBGC to the Borrower or such ERISA Affiliate with respect to such ERISA Event; 

(v) the occurrence of any material default under, or any proposed or threatened termination or cancellation of, any Material
Contract or other material contract or agreement to which the Borrower or any of its Subsidiaries is a party, the termination or cancellation of which would be reasonably likely to have a Material Adverse Effect; 

(vi) the occurrence of any of the following: (x) the assertion of any Environmental Claim against or affecting the
Borrower, any of its Subsidiaries or any of their respective real property, leased or owned; (y) the receipt by the Borrower or any of its Subsidiaries of notice of any alleged violation of or noncompliance with any Environmental Laws; or
(z) the taking of any remedial action by the Borrower, any of its Subsidiaries or any other Person in response to the actual or alleged generation, storage, release, disposal or discharge of any Hazardous Substances on, to, upon or from any
real property leased or owned by the Borrower or any of its Subsidiaries; but in each case under clauses (x), (y) and (z) above, only to the extent the same would be reasonably likely to have a Material Adverse Effect; and 

  
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 (vii) any other matter or event that has, or would be reasonably likely to have,
a Material Adverse Effect, together with a written statement of a Responsible Officer of the Borrower setting forth the nature and period of existence thereof and the action that the Borrower has taken and proposes to take with respect thereto; and

 (g) As promptly as reasonably possible, such other information about the business, condition (financial or otherwise), operations or
properties of the Borrower or any of its Subsidiaries (including any Plan and any information required to be filed under ERISA) as the Administrative Agent or any Lender may from time to time reasonably request. 

6.3 Existence; Franchises; Maintenance of Properties. The Borrower will, and will cause each of its Subsidiaries to, (i) maintain
and preserve in full force and effect its legal existence, except as expressly permitted otherwise by Section 8.1, (ii) obtain, maintain and preserve in full force and effect all other rights, franchises, licenses, permits,
certifications, approvals and authorizations required by Governmental Authorities and necessary to the ownership, occupation or use of its properties or the conduct of its business, except to the extent the failure to do so would not be reasonably
likely to have a Material Adverse Effect, and (iii) keep all material properties in good working order and condition (normal wear and tear excepted) and from time to time make all necessary repairs to and renewals and replacements of such
properties, except to the extent that any of such properties are obsolete or are being replaced. 
 6.4 Compliance with Laws. The
Borrower will, and will cause each of its Subsidiaries to, comply in all respects with all Requirements of Law applicable in respect of the conduct of its business and the ownership and operation of its properties, except to the extent the failure
so to comply would not be reasonably likely to have a Material Adverse Effect. The Borrower will maintain in effect and enforce policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors,
officers, employees and agents with Anti-Corruption Laws and applicable Sanctions. 
 6.5 Payment of Obligations. The Borrower will,
and will cause each of its Subsidiaries to, (i) pay all liabilities and obligations as and when due (subject to any applicable subordination provisions), except to the extent failure to do so would not be reasonably likely to have a Material
Adverse Effect, and (ii) pay and discharge all taxes, assessments and governmental charges or levies imposed upon it, upon its income or profits or upon any of its properties, prior to the date on which such payment is delinquent and penalties
would attach thereto, and all lawful claims that, if unpaid, might become a material Lien upon any of the properties of the Borrower or any of its Subsidiaries; provided, however, that neither the Borrower nor any of its Subsidiaries
shall be required to pay any such tax, assessment, charge, levy or claim that is being contested in good faith and by proper proceedings and as to which the Borrower or such Subsidiary is maintaining adequate reserves with respect thereto in
accordance with GAAP. 
 6.6 Insurance. The Borrower will, and will cause each of its Subsidiaries to, maintain with financially
sound and reputable insurance companies insurance with respect to its assets, properties and business, against such hazards and liabilities, of such types and in such amounts, as is customarily maintained by companies in the same or similar
businesses similarly situated. 

  
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 6.7 Maintenance of Books and Records; Inspection. The Borrower will, and will cause each
of its Subsidiaries to, (i) maintain adequate books, accounts and records, in which full, true and correct entries shall be made of all financial transactions in relation to its business and properties, and prepare all financial statements
required under this Agreement, in each case in accordance with GAAP and in compliance with the requirements of any Governmental Authority having jurisdiction over it, and (ii) permit employees or agents of the Administrative Agent or any Lender
to visit and inspect its properties and examine or audit its books, records, working papers and accounts and make copies and memoranda of them, and to discuss its affairs, finances and accounts with its officers and employees and, upon notice to the
Borrower, the independent public accountants of the Borrower and its Subsidiaries (and by this provision the Borrower authorizes such accountants to discuss the finances and affairs of the Borrower and its Subsidiaries), all at such times and from
time to time, upon reasonable notice and during business hours, as may be reasonably requested. 
 6.8 Permitted Acquisitions.
Subject to the requirements contained in the definition of Permitted Acquisition, and subject to the other terms and conditions of this Agreement, the Borrower or any Subsidiary may from time to time on or after the Restatement Effective Date effect
Permitted Acquisitions, provided that, with respect to each Permitted Acquisition: 
 (a) no Default or Event of Default shall have
occurred and be continuing at the time of the consummation of such Permitted Acquisition or would exist immediately after giving effect thereto; and 

(b) immediately after giving effect to such Permitted Acquisition and any Debt incurred or assumed in connection therewith, the
Borrower shall be in compliance with the financial covenants in ARTICLE VII, determined on a pro forma basis giving effect to such Permitted Acquisition and Debt as of the end of the fiscal quarter then most recently ended for which the
Administrative Agent has received financial statements and a Compliance Certificate required by Sections 6.1 and 6.2(a). 

6.9 Creation or Acquisition of Subsidiaries; Excluded Subsidiaries. Subject to the provisions of Section 8.5, the Borrower
may from time to time create or acquire new Wholly Owned Subsidiaries in connection with Permitted Acquisitions or otherwise, the Wholly Owned Subsidiaries of the Borrower may create or acquire new Wholly Owned Subsidiaries and, subject to the
definition of “Excluded Subsidiary,” the Borrower may designate a Domestic Subsidiary as an Excluded Subsidiary; provided that: 

(a) Concurrently with (and in any event within thirty (30) days thereafter) the creation or direct or indirect acquisition by the
Borrower thereof, each such new Subsidiary will execute and deliver to the Administrative Agent a Subsidiary Guaranty, substantially in the form attached hereto as Exhibit E, or a joinder thereto, pursuant to which such new Subsidiary
shall guarantee the payment in full of the Obligations of the Borrower under this Agreement and the other Credit Documents. Notwithstanding the foregoing, any such new Subsidiary shall be exempt from providing a Subsidiary Guaranty (i) for so
long as such new Subsidiary is an Excluded Subsidiary or (ii) if such new Subsidiary is a Foreign Subsidiary (or is owned by a Foreign Subsidiary). 

  
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 (b) If any Domestic Subsidiary is currently designated as an Excluded Subsidiary, the
Borrower will (i) continue to monitor whether the requirements of the definition of “Excluded Subsidiary” are satisfied, which monitoring shall include without limitation, calculating whether the Borrower has satisfied clauses
(i) and (ii) of the definition of “Excluded Subsidiary” within thirty (30) days after the Borrower is required to deliver the financial information under Section 6.1(a) and (b), as applicable and
(ii) within thirty (30) days after the requirements of the definition of “Excluded Subsidiary” have no longer been satisfied, the Borrower will cause one or more Subsidiaries to become Subsidiary Guarantors, such that all the
requirements of the definition of “Excluded Subsidiary” are satisfied. 
 (c) Concurrently with the execution and delivery
of the Subsidiary Guaranty, or any joinder thereto, by a Subsidiary Guarantor, the Borrower will deliver to the Administrative Agent: 

(i) a written legal opinion of counsel to such Subsidiary (which may be provided by in-house counsel) addressed to the
Administrative Agent and the Lenders, in form and substance reasonably satisfactory to the Administrative Agent and its counsel, which shall cover such matters relating to such Subsidiary and the creation or acquisition thereof incident to the
transactions contemplated by this Agreement and this Section 6.9 and the other Credit Documents as set forth in the legal opinion of counsel delivered to the Administrative Agent and the Lenders on the Restatement Effective Date;

 (ii) (A) a copy of the certificate of incorporation (or other charter documents) of such Subsidiary, certified
as of a date that is acceptable to the Administrative Agent by the applicable Governmental Authority of the jurisdiction of incorporation or organization of such Subsidiary, (B) a copy of the bylaws or similar organizational document of such
Subsidiary, certified on behalf of such Subsidiary as of a date that is acceptable to the Administrative Agent by the corporate secretary or assistant secretary of such Subsidiary, (C) an original certificate of good standing for such
Subsidiary issued by the applicable Governmental Authority of the jurisdiction of incorporation or organization of such Subsidiary and (D) copies of the resolutions of the board of directors and, if required, stockholders or other equity owners
of such Subsidiary authorizing the execution, delivery and performance of the agreements, documents and instruments executed pursuant to Section 6.9(a), certified on behalf of such Subsidiary by an Authorized Officer of such Subsidiary,
all in form and substance reasonably satisfactory to the Administrative Agent; and 
 (iii) a certificate of
the secretary or an assistant secretary of such Subsidiary as to the incumbency and signature of the officers executing agreements, documents and instruments executed pursuant to Section 6.9(a). 

(d) As promptly as reasonably possible, the Borrower and its Subsidiaries will deliver any such other documents, certificates and opinions, in
form and substance reasonably satisfactory to the Administrative Agent, as the Administrative Agent or the Required Lenders may reasonably request in connection therewith. 

  
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 6.10 Further Assurances. The Borrower will, and will cause each of its Subsidiaries to,
make, execute, endorse, acknowledge and deliver any amendments, modifications or supplements hereto and restatements hereof and any other agreements, instruments or documents, and take any and all such other actions, as may from time to time be
reasonably requested by the Administrative Agent or the Required Lenders to effect, confirm or further assure or protect and preserve the interests, rights and remedies of the Administrative Agent and the Lenders under this Agreement and the other
Credit Documents. 
 6.11 Sanctions; Patriot Act Compliance; Use of Proceeds. 

(a) The Borrower will, and will cause each of its Subsidiaries to, (i) refrain from doing business in a Sanctioned Country or with a
Sanctioned Person or in violation of any Sanctions, and (ii) provide, to the extent commercially reasonable, such information and take such actions as are reasonably requested by the Administrative Agent or any Lender in order to assist the
Administrative Agent and the Lenders in maintaining compliance with the PATRIOT Act. 
 (b) The Borrower will not request any Borrowing or
any Letter of Credit, and the Borrower shall not use, and shall ensure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (i) 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, (ii) 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 (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto. 

ARTICLE VII 
 FINANCIAL
COVENANTS 
 The Borrower covenants and agrees that, until the termination of the Commitments, the termination or expiration of all
Letters of Credit and the payment in full of all principal and interest with respect to the Loans and all Reimbursement Obligations together with all other amounts then due and owing hereunder: 

7.1 Consolidated Debt to Consolidated Total Capitalization. The Borrower will not permit the ratio of Consolidated Debt to Consolidated
Total Capitalization as of the last day of any fiscal quarter to be greater than 0.60 to 1.0. 
 7.2 Fixed Charge Coverage Ratio. The
Borrower will not permit the Fixed Charge Coverage Ratio as of the last day of any fiscal quarter to be less than 2.00 to 1.0. 
 ARTICLE
VIII 
 NEGATIVE COVENANTS 

The Borrower covenants and agrees that, until the termination of the Commitments, the termination or expiration of all Letters of Credit and
the payment in full of all principal and interest with respect to the Loans and all Reimbursement Obligations together with all fees, expenses and other amounts then due and owing hereunder: 

  
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 8.1 Merger; Consolidation. The Borrower will not, and will not permit or cause any of its
Subsidiaries to, liquidate, wind up or dissolve, or enter into any consolidation, merger or other combination, or agree to do any of the foregoing; provided, however, that: 

(i) the Borrower may merge or consolidate with another Person so long as (x) the Borrower is the surviving entity,
(y) unless such other Person is a Subsidiary immediately prior to giving effect thereto, such merger or consolidation shall constitute a Permitted Acquisition and the applicable conditions and requirements of Sections 6.8 and
6.9 shall be satisfied, and (z) immediately after giving effect thereto, no Default or Event of Default would exist; 

(ii) any Subsidiary Guarantor may merge or consolidate with another Person so long as (x) the surviving entity is
the Borrower or a Subsidiary Guarantor (other than in connection with the sale or other disposition of all of the Capital Stock of such Subsidiary in a transaction expressly permitted under or pursuant to this Agreement), (y) unless such other
Person is a Subsidiary immediately prior to giving effect thereto (other than in connection with the sale or other disposition of all of the Capital Stock of such Subsidiary in a transaction expressly permitted under or pursuant to this Agreement),
such merger or consolidation shall constitute a Permitted Acquisition and the applicable conditions and requirements of Sections 6.8 and 6.9 shall be satisfied, and (z) immediately after giving effect thereto, no Default or
Event of Default would exist;  
 (iii) any Excluded Subsidiary or Foreign Subsidiary may merge or consolidate
with another Person so long as (x) the surviving entity is the Borrower or a Subsidiary (other than in connection with the sale or other disposition of all of the Capital Stock of such Subsidiary in a transaction expressly permitted under or
pursuant to this Agreement), (y) unless such other Person is a Subsidiary immediately prior to giving effect thereto (other than in connection with the sale or other disposition of all of the Capital Stock of such Subsidiary in a transaction
expressly permitted under or pursuant to this Agreement), such merger or consolidation shall constitute a Permitted Acquisition and the applicable conditions and requirements of Sections 6.8 and 6.9 shall be satisfied, and
(z) immediately after giving effect thereto, no Default or Event of Default would exist; 
 (iv) any Subsidiary
Guarantor may liquidate, wind up or dissolve so long as (x) such Subsidiary transfers all or substantially all of its net assets to the Borrower or a Subsidiary Guarantor prior to such liquidation, winding up or dissolution and
(y) immediately after giving effect thereto, no Default or Event of Default would exist; and 
 (v) any Excluded
Subsidiary or Foreign Subsidiary may liquidate, wind up or dissolve so long as (x) such Subsidiary transfers all or substantially all of its net assets to the Borrower or a Subsidiary prior to such liquidation, winding up or dissolution and
(y) immediately after giving effect thereto, no Default or Event of Default would exist. 

  
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 8.2 Indebtedness. The Borrower will not, and will not permit or cause any of its
Subsidiaries to, create, incur, assume or suffer to exist any Indebtedness other than (without duplication): 
 (i)
Indebtedness incurred under this Agreement, the Notes and the Subsidiary Guaranty; 
 (ii) Indebtedness pursuant to
its terms and conditions existing on the Restatement Effective Date and described in Schedule 8.2, and any renewals, refinancings or replacements thereof as long as (w) the principal amount of such renewed, refinanced or replaced
Indebtedness shall not exceed the principal amount of such Indebtedness being renewed, refinanced or replaced, (x) such Indebtedness to be incurred shall not mature prior to the stated maturity of such Indebtedness being renewed, refinanced or
replaced, and (y) the Remaining Average Life of such renewed, refinanced or replaced Indebtedness shall be no less than the Remaining Average Life of such Indebtedness being renewed, refinanced or replaced and no payment of any amount due under
such Indebtedness being renewed, refinanced or replaced shall be shortened or accelerated by the renewed, refinanced or replaced Indebtedness; 

(iii) accrued expenses (including salaries, accrued vacation and other compensation), current trade or other accounts payable
and other current liabilities arising in the ordinary course of business and not incurred through the borrowing of money, provided that the same shall be paid when due except to the extent being contested in good faith and by appropriate
proceedings; 
 (iv) purchase money Indebtedness of the Borrower and the Subsidiary Guarantors incurred solely to finance the
payment of all or part of the purchase price of any equipment, real property or other fixed assets acquired in the ordinary course of business, including Indebtedness in respect of capital lease obligations, and any renewals, refinancings or
replacements thereof (subject to the limitations on the principal amount thereof set forth in this clause (iv)); provided that the aggregate principal amount of such Indebtedness, together with the aggregate principal amount of
Indebtedness incurred by the Borrower and the Subsidiary Guarantors under clause (xii) of this Section 8.2, shall not at any time exceed the greater of (A) 15% of the Borrower’s Consolidated Net Worth, determined as of the
last day of the fiscal quarter immediately preceding the date such Indebtedness is incurred, and (B) $150,000,000; 

(v) Indebtedness of Borrower incurred as a result of a Lender failing to make any Loan pursuant to
Section 2.3(b) in an amount up to the amount of such Loan not made as long as the conditions to making the Loan in Section 4.2 are satisfied immediately before and after such Loan should have been made; 

(vi) Indebtedness of the Borrower under Hedge Agreements entered into in the ordinary course of business to manage existing or
anticipated interest rate, foreign currency or commodity risks and not for speculative purposes; 

  
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 (vii) Indebtedness of Excluded Subsidiaries and Foreign Subsidiaries in an
aggregate amount not to exceed $25,000,000; 
 (viii) Indebtedness incurred under loans and advances permitted by
Sections 8.5(vi) and 8.5(vii); 
 (ix) Indebtedness in respect of performance bonds and surety bonds
entered into by the Borrower or any Subsidiary in the ordinary course of business; 
 (x) Indebtedness incurred by the
Borrower under the Note Purchase Agreements as of the Restatement Effective Date (or any guaranty thereof by the Subsidiary Guarantors); 

(xi) other unsecured Indebtedness of the Borrower and the Subsidiary Guarantors, provided that (A) no
Default or Event of Default shall exist before or after the incurrence of such Indebtedness, and (B) immediately after giving effect to the incurrence of such Indebtedness, the Borrower is in compliance with Section 7.1, determined
on a pro forma basis giving effect to such Indebtedness as of the end of the fiscal quarter then most recently ended for which the Administrative agent has received the financial statements and a Compliance Certificate required by Sections
6.1 and 6.2(a); and 
 (xii) other secured Indebtedness of the Borrower and the Subsidiary
Guarantors the aggregate principal amount of which, together with the aggregate principal amount of Indebtedness incurred by the Borrower and the Subsidiary Guarantors under clause (iv) of this Section 8.2 shall not at any time
exceed the greater of (A) 15% of the Borrower’s Consolidated Net Worth, determined as of the last day of the fiscal quarter immediately preceding the date such Indebtedness is incurred, and (B) $150,000,000; provided that
(x) no Default or Event of Default shall exist before or after the incurrence of such Indebtedness, and (y) the Borrower is in compliance with Section 7.1, determined on a pro forma basis giving effect to such Indebtedness as
of the end of the fiscal quarter then most recently ended for which the Administrative agent has received the financial statements and a Compliance Certificate required by Sections 6.1 and 6.2(a).  

8.3 Liens. The Borrower will not, and will not permit or cause any of its Subsidiaries to, directly or indirectly, make, create, incur,
assume or suffer to exist, any Lien upon or with respect to any part of its property or assets, whether now owned or hereafter acquired, or file or permit the filing of, or permit to remain in effect, any financing statement or other similar notice
of any Lien with respect to any such property, asset, income or profits under the Uniform Commercial Code of any state or under any similar recording or notice statute, or agree to do any of the foregoing, other than the following (collectively,
“Permitted Liens”): 
 (i) Liens in existence on the Restatement Effective Date and set forth on
Schedule 8.3; 
 (ii) Liens imposed by law, such as Liens of carriers, warehousemen, mechanics,
materialmen and landlords, and other similar Liens incurred in the ordinary course of business for sums not constituting borrowed money that are not overdue for a 

  
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period of more than thirty (30) days or that are being contested in good faith by appropriate proceedings and for which adequate reserves have been established in accordance with GAAP (if so
required); 
 (iii) Liens (other than (x) any Lien imposed by ERISA, the creation or incurrence of which would
result in an Event of Default under Section 9.1(i) and (y) any Lien, the creation or incurrence of which would result in an Event of Default under Section 9.1(m)) incurred in the ordinary course of business in connection with
worker’s compensation, unemployment insurance or other forms of governmental insurance or benefits, or to secure the performance of letters of credit, bids, tenders, statutory obligations, surety and appeal bonds, leases, government contracts
and other similar obligations (other than obligations for borrowed money) entered into in the ordinary course of business;  

(iv) Liens incurred in the ordinary course of business in connection with automobile liability, bodily injury and property
damage insurance; provided that such Liens shall not encumber more than $25,000,000; 
 (v) Liens for taxes,
assessments or other governmental charges or statutory obligations that are not delinquent or remain payable without any penalty or that are being contested in good faith by appropriate proceedings and for which adequate reserves have been
established in accordance with GAAP (if so required); 
 (vi) Liens securing the purchase money Indebtedness permitted
under clause (iv) of Section 8.2, provided that any such Lien (A) shall attach to such property concurrently with or within ten (10) days after the acquisition thereof (or sixty (60) days after the completion
thereof in the case of construction financing) by the Borrower or such Subsidiary, (B) shall not exceed the lesser of (y) the fair market value of such property or (z) the cost thereof to the Borrower or such Subsidiary and
(C) shall not encumber any other property of the Borrower or any of its Subsidiaries; 
 (vii) any
attachment or judgment Lien not constituting an Event of Default under Section 9.1(h) and that is being contested in good faith by appropriate proceedings and for which adequate reserves have been established in accordance with GAAP (if
so required); 
 (viii) Liens arising from the filing, for notice purposes only, of financing statements in respect of
true leases; 
 (ix) with respect to any real property occupied by the Borrower or any of its Subsidiaries, all easements,
rights of way, licenses and similar encumbrances on title that do not materially impair the use of such property for its intended purposes; 

(x) Liens securing the Indebtedness permitted under clause (xii) of Section 8.2; 

  
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 (xi) Liens arising from the conduct of business or ownership of assets of the
Borrower or any of its Subsidiaries that do not secure Indebtedness and do not materially detract from the value of any such assets; and 

(xii) Liens arising out of the refinancing, extension, renewal or refunding of any Indebtedness secured by any Lien
permitted by any of the foregoing clauses of this Section 8.3, provided that such Indebtedness is not increased and is not secured by any additional assets. 

8.4 Disposition of Assets. The Borrower will not, and will not permit or cause any of its Subsidiaries to, sell, assign, lease, convey,
transfer or otherwise dispose of (whether in one or a series of transactions) all or any portion of its assets, business or properties (including, without limitation, any Capital Stock of any Subsidiary), or enter into any arrangement with any
Person providing for the lease by the Borrower or any Subsidiary as lessee of any asset that has been sold or transferred by the Borrower or such Subsidiary to such Person, or agree to do any of the foregoing, except: 

(i) the sale, lease or other disposition of assets in the ordinary course of business of the Borrower and its Subsidiaries;

 (ii) the sale, lease or other disposition of assets by the Borrower or any Subsidiary of the Borrower to the Borrower or
to a Subsidiary Guarantor (or by any Subsidiary that is not a Subsidiary Guarantor to another Subsidiary that is not a Subsidiary Guarantor), in each case so long as no Event of Default shall have occurred or be continuing or would result therefrom;

 (iii) the termination or unwinding of Hedge Agreements permitted hereunder; and 

(iv) other dispositions in an aggregate amount, as valued at the time each such disposition is made, not exceeding the
greater of (A) 15% of the Borrower’s Consolidated Net Worth, determined as of the last day of the fiscal quarter immediately preceding the date of such disposition and (B) $150,000,000 for all such dispositions, in each case, in any
period of four consecutive fiscal quarters (it being understood that the Lenders will release a Subsidiary Guarantor from its Subsidiary Guaranty if such Subsidiary is sold in a disposition permitted by this Section 8.4). 

8.5 Investments. The Borrower will not, and will not permit or cause any of its Subsidiaries to, directly or indirectly, purchase, own,
invest in or otherwise acquire any Capital Stock, evidence of indebtedness or other obligation or security or any interest whatsoever in any other Person, or make or permit to exist any loans, advances or extensions of credit to, or any investment
in cash or by delivery of property in, any other Person, or purchase or otherwise acquire (whether in one or a series of related transactions) any portion of the assets, business or properties of another Person (including pursuant to an
Acquisition), or create or acquire any Subsidiary, or become a partner or joint venturer in any partnership or joint venture (collectively, “Investments”), or make a commitment or otherwise agree to do any of the foregoing, other
than: 
 (i) Cash Equivalents; 

  
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 (ii) Investments consisting of purchases and acquisitions of inventory, supplies,
materials and equipment or licenses or leases of intellectual property and other assets, in each case in the ordinary course of business; 

(iii) Investments consisting of loans and advances to employees for reasonable travel, relocation and business expenses in the
ordinary course of business, extensions of trade credit in the ordinary course of business, and prepaid expenses incurred in the ordinary course of business; 

(iv) Investments existing on the Restatement Effective Date and described in Schedule 8.5A; 

(v) Investments of the Borrower under Hedge Agreements entered into in the ordinary course of business to manage existing or
anticipated interest rate, foreign currency or commodity risks and not for speculative purposes; 
 (vi) Investments
consisting of the making of loans, advances, capital contributions or the purchase or other acquisition of Capital Stock (A) by the Borrower or any Subsidiary in any other Subsidiary that is (or immediately after giving effect to such
Investment will be) a Subsidiary Guarantor or Excluded Subsidiary, provided that the Borrower complies with the provisions of Section 6.9, (B) by any Subsidiary in the Borrower, and (C) by any Foreign Subsidiary in another
Foreign Subsidiary; 
 (vii) Investments by the Borrower or any Domestic Subsidiary in Foreign Subsidiaries consisting
of the making of loans, advances, capital contributions, the purchase of Capital Stock, and Contingent Obligations with respect to obligations of any such Foreign Subsidiary; 

(viii) Permitted Acquisitions; 

(ix) life insurance policies on the lives of employees of the Borrower or any Subsidiary; 

(x) Investments (other than Acquisitions) made pursuant to the Borrower’s investment policy set forth on
Schedule 8.5B; and  
 (xi) other Investments (in addition to those permitted under the foregoing clauses
(i) through (x); provided that the aggregate amount of all such other Investments, as valued at the time each such Investment is made, shall not exceed 10% of Consolidated Net Worth. 

8.6 Restricted Payments. The Borrower will not, and will not permit or cause any of its Subsidiaries to, directly or indirectly,
declare or make any dividend payment, or make any other distribution of cash, property or assets, in respect of any of its Capital Stock or any warrants, rights or options to acquire its Capital Stock, or purchase, redeem, retire or otherwise
acquire for value any shares of its Capital Stock or any warrants, rights or options to acquire its Capital Stock (collectively, “Restricted Payments”), or set aside funds for any of the foregoing, unless immediately after giving
effect to such action: 

  
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 (i) no Default or Event of Default shall then exist; 

(ii) after giving effect to such Restricted Payment no Default or Event of Default would then exist; and 

(iii) such Restricted Payment has been duly authorized by all necessary corporate action and is permitted by applicable
Requirements of Law. 
 Notwithstanding the foregoing, each Wholly Owned Subsidiary of the Borrower may declare and make dividend payments
or other distributions to the Borrower or another Wholly Owned Subsidiary of the Borrower, to the extent not prohibited under applicable Requirements of Law. 

8.7 Transactions with Affiliates. The Borrower will not, and will not permit or cause any of its Subsidiaries to, enter into any
transaction (including, without limitation, any purchase, sale, lease or exchange of property or the rendering of any service) with any officer, director, stockholder or other Affiliate of the Borrower or any Subsidiary, except in the ordinary
course of its business pursuant to the reasonable requirements of the Borrower or such Subsidiary and upon fair and reasonable terms that are no less favorable to it than would obtain in a comparable arm’s length transaction with a Person other
than an Affiliate of the Borrower or such Subsidiary; provided, however, that nothing contained in this Section 8.7 shall prohibit: 

(i) transactions described on Schedule 8.7 or otherwise expressly permitted under this Agreement; and 

(ii) the payment by the Borrower of reasonable and customary fees to members of its board of directors, including without
limitation indemnification payments and payments for D&O insurance. 
 8.8 Lines of Business. The Borrower will not, and will not
permit or cause any of its Subsidiaries to, engage in any business other than the businesses engaged in by it on the date hereof and businesses and activities reasonably related thereto. 

8.9 Limitation on Certain Restrictions. The Borrower will not, and will not permit or cause any of its Subsidiaries to, directly or
indirectly, create or otherwise cause or suffer to exist or become effective any restriction or encumbrance on (i) the ability of the Borrower and its Subsidiaries to perform and comply with their respective obligations under the Credit
Documents or (ii) the ability of any Subsidiary of the Borrower to make any dividend payments or other distributions in respect of its Capital Stock, to repay Indebtedness owed to the Borrower or any other Subsidiary, to make loans or advances
to the Borrower or any other Subsidiary, or to transfer any of its assets or properties to the Borrower or any other Subsidiary, in each case other than such restrictions or encumbrances existing under or by reason of the Credit Documents,
applicable Requirements of Law or any agreement or instrument creating a Permitted Lien (but only to the extent such restriction or encumbrance applies to the assets subject to such Permitted Lien). 

8.10 Fiscal Year. The Borrower will not, and will not permit or cause any of its Subsidiaries to, change the ending date of its fiscal
year to a date other than December 31. 

  
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 8.11 Accounting Changes. The Borrower will not, and will not permit or cause any of its
Subsidiaries to, make or permit any material change in its accounting policies or reporting practices, except as may be required by GAAP (including early adoption of changes that the Borrower determines are in the best interest of the Borrower) or
practices generally consistent with the accounting practices of other Persons in the same or similar lines of business as Borrower that would not materially affect the calculation or determination of the financial covenants in ARTICLE VII.

 8.12 Certain Amendments. The Borrower will not, and will not permit or cause any of its Subsidiaries to, amend, modify or waive,
or permit the amendment, modification or waiver of, any provision of any of the Note Purchase Agreements, the effect of which would be (a) to provide for any mandatory prepayments not already provided for by the terms thereof or (b) to
increase the applicable interest rate or amount of any fees or costs due thereunder. Furthermore, the Borrower will not, and will not cause or permit any of its Subsidiaries to, directly or indirectly, grant or suffer to exist any Lien to secure the
obligations under the Note Purchase Agreements (or any notes issued to refinance obligations under the Note Purchase Agreements) unless the Obligations will be equally and ratably secured with any and all other obligations thereby secured, such Lien
to be pursuant to an agreement reasonably satisfactory to the Required Lenders. 
 ARTICLE IX 

EVENTS OF DEFAULT 
 9.1
Events of Default. The occurrence of any one or more of the following events shall constitute an “Event of Default”: 

(a) The Borrower shall fail to pay (i) any principal of any Loan or any Reimbursement Obligation when it is due or (ii) any interest
on any Loan, any fee or any other Obligation (other than any Obligation under a Hedge Agreement or Cash Management Agreement) within five (5) days after it is due; 

(b) The Borrower shall fail to observe, perform or comply with any condition, covenant or agreement contained in any of
Sections 2.14, 6.1, 6.2, 6.3(i), 6.8, 6.9 or in ARTICLE VII or ARTICLE VIII; 

(c) The Borrower or any of its Subsidiaries shall fail to observe, perform or comply with any condition, covenant or agreement
contained in this Agreement or any of the other Credit Documents other than those enumerated in Sections 9.1(a) and 9.1(b) above, and such failure (i) is deemed by the terms of the relevant Credit Document to constitute an Event
of Default or (ii) shall continue unremedied for any grace period specifically applicable thereto or, if no such grace period is applicable, for a period of thirty (30) days after the earlier of (y) the date on which a Responsible
Officer of the Borrower acquires knowledge thereof and (z) the date on which written notice thereof is delivered by the Administrative Agent or any Lender to the Borrower; or any default or event of default shall occur under any Hedge Agreement
to which the Borrower and any Hedge Party are parties or any Cash Management Agreement to which the Borrower and any Cash Management Bank are parties; 

  
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 (d) Any representation or warranty made or deemed made by or on behalf of the Borrower or any of
its Subsidiaries in this Agreement, any of the other Credit Documents or in any certificate, instrument, report or other document furnished in connection herewith or therewith or in connection with the transactions contemplated hereby or thereby
shall prove to have been false or misleading in any material respect as of the time made, deemed made or furnished; 
 (e) The Borrower or
any of its Subsidiaries shall (i) fail to pay when due (whether by scheduled maturity, acceleration or otherwise and after giving effect to any applicable grace period) (y) any principal of or interest on any Indebtedness (other than the
Indebtedness incurred pursuant to this Agreement or a Hedge Agreement) having an aggregate principal amount of at least $50,000,000 or (z) any termination or other payment under any Hedge Agreement covering a notional amount of Indebtedness of
at least $50,000,000 or (ii) fail to observe, perform or comply with any condition, covenant or agreement contained in any agreement or instrument evidencing or relating to any such Indebtedness, or any other event shall occur or condition
exist in respect thereof so as to permit the holder to accelerate the maturity of such Indebtedness; 
 (f) The Borrower or any of
its Subsidiaries shall (i) file a voluntary petition or commence a voluntary case seeking liquidation, winding-up, reorganization, dissolution, arrangement, readjustment of debts or any other relief under the Bankruptcy Code or under any other
applicable bankruptcy, insolvency or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to controvert in a timely and appropriate manner, any petition or case of the type described in Section 9.1(g)
below, (iii) apply for or consent to the appointment of or taking possession by a custodian, trustee, receiver or similar official for or of itself or all or a substantial part of its properties or assets, (iv) fail generally, or admit in
writing its inability, to pay its debts generally as they become due, (v) make a general assignment for the benefit of creditors or (vi) take any corporate action to authorize or approve any of the foregoing; 

(g) Any involuntary petition or case shall be filed or commenced against the Borrower or any of its Subsidiaries seeking liquidation,
winding-up, reorganization, dissolution, arrangement, readjustment of debts, the appointment of a custodian, trustee, receiver or similar official for it or all or a substantial part of its properties or any other relief under the Bankruptcy Code or
under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, and such petition or case shall continue undismissed and unstayed for a period of sixty (60) days; or an order, judgment or decree approving or
ordering any of the foregoing shall be entered in any such proceeding; 
 (h) Any one or more money judgments, writs or warrants of
attachment, executions or similar processes involving an aggregate amount (exclusive of amounts fully bonded or covered by insurance as to which the surety or insurer, as the case may be, has acknowledged its liability in writing) in excess of
$50,000,000 shall be entered or filed against the Borrower or any of its Subsidiaries or any of their respective properties and the same shall not be dismissed, stayed or discharged for a period of thirty (30) days or in any event later than
five days prior to the date of any proposed sale thereunder; 

  
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 (i) Following the execution of the Subsidiary Guaranty by one or more Subsidiaries of the
Borrower, any Subsidiary of the Borrower or any Person acting on behalf of such Subsidiary shall deny or disaffirm such Subsidiary’s obligations under the Subsidiary Guaranty; 

(j) Any ERISA Event or any other event or condition shall occur or exist with respect to any Plan or Multiemployer Plan and, as a result
thereof, together with all other ERISA Events and other events or conditions then existing, the Borrower and its ERISA Affiliates have incurred or would be reasonably likely to incur liability to any one or more Plans or Multiemployer Plans or to
the PBGC (or to any combination thereof); 
 (k) Any one or more licenses, permits, accreditations or authorizations of the Borrower or any
of its Subsidiaries shall be suspended, limited or terminated or shall not be renewed, or any other action shall be taken, by any Governmental Authority in response to any alleged failure by the Borrower or any of its Subsidiaries to be in
compliance with applicable Requirements of Law, and such action, individually or in the aggregate, has or would be reasonably likely to have a Material Adverse Effect; 

(l) Any one or more Environmental Claims shall have been asserted against the Borrower or any of its Subsidiaries (or a reasonable basis shall
exist therefor); the Borrower and its Subsidiaries have incurred or would be reasonably likely to incur liability as a result thereof; and such liability, individually or in the aggregate, has or would be reasonably likely to have a Material Adverse
Effect; 
 (m) Any notice of lien, levy or assessment is filed of record to all or any of the Borrower’s or any Subsidiary’s
assets by the United States of America, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, including, without limitation the PBGC respecting taxes and debts owing and delinquent, or
if any taxes or debts owing at any time or times hereafter to any one of them becomes delinquent and a lien or encumbrance upon the Borrower’s or any Subsidiary’s property and the same is not dismissed, released, bonded or discharged
within thirty (30) days after the same becomes a lien or encumbrance or, in the case of ad valorem taxes, prior to the last day when payment may be made without penalty; 

(n) The Borrower ceases to be solvent, or the Borrower ceases to conduct its business substantially as now conducted or is enjoined,
restrained or in any way prevented by court order from conducting all or any material part of its business affairs; or 
 (o) Any of the
following shall occur: (i) any Person (other than members of the Control Group) or group of Persons (other than the Control Group) acting in concert as a partnership or other group shall, as a result of a tender or exchange offer, open market
purchases, privately negotiated purchases or otherwise, have become, after the date hereof, the “beneficial owner” (within the meaning of such term under Rule 13d-3 under the Exchange Act) of securities of the Borrower representing more
than 35% of the combined voting power of the then outstanding securities of the Borrower ordinarily (and apart from rights accruing under special circumstances) having the right to vote in the election of directors; or (ii) the Board of
Directors of the Borrower shall cease to consist of a majority of the individuals who constituted the Board of Directors as of the date hereof or who shall have become a member thereof subsequent to the

  
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date hereof after having been nominated, or otherwise approved in writing, by at least a majority of individuals who constituted the Board of Directors of the Borrower as of the date hereof (or
their replacements approved as herein required). 
 9.2 Remedies: Termination of Commitments, Acceleration, etc. Upon and at any time
after the occurrence and during the continuance of any Event of Default, the Administrative Agent shall at the direction, or may with the consent, of the Required Lenders, take any or all of the following actions at the same or different times: 

(a) Declare the Commitments, the Swingline Commitment and the Issuing Lender’s obligation to issue Letters of Credit, to be terminated,
whereupon the same shall terminate (provided that, upon the occurrence of an Event of Default pursuant to Section 9.1(f) or Section 9.1(g), the Commitments, the Swingline Commitment and the Issuing Lender’s
obligation to issue Letters of Credit shall automatically be terminated); 
 (b) Declare all or any part of the outstanding principal
amount of the Loans to be immediately due and payable, whereupon the principal amount so declared to be immediately due and payable, together with all interest accrued thereon and all other amounts payable under this Agreement, the Notes and the
other Credit Documents (but excluding any amounts owing under any Hedge Agreement or Cash Management Agreement), shall become immediately due and payable without presentment, demand, protest, notice of intent to accelerate or other notice or legal
process of any kind, all of which are hereby knowingly and expressly waived by the Borrower (provided that, upon the occurrence of an Event of Default pursuant to Section 9.1(f) or Section 9.1(g), all of the
outstanding principal amount of the Loans and all other amounts described in this subsection (b) shall automatically become immediately due and payable without presentment, demand, protest, notice of intent to accelerate or other notice
or legal process of any kind, all of which are hereby knowingly and expressly waived by the Borrower); 
 (c) Direct the
Borrower to deposit (and the Borrower hereby agrees, forthwith upon receipt of notice of such direction from the Administrative Agent, to deposit) with the Administrative Agent from time to time such additional amount of cash as is equal to the
aggregate Stated Amount of all Letters of Credit then outstanding (whether or not any beneficiary under any Letter of Credit shall have drawn or be entitled at such time to draw thereunder), such amount to be held by the Administrative Agent in the
Cash Collateral Account as security for the Letter of Credit Exposure as described in Section 3.8; and 
 (d) Exercise
all rights and remedies available to it under this Agreement, the other Credit Documents and applicable law. 
 9.3 Remedies:
Set-Off. In addition to all other rights and remedies available under the Credit Documents or applicable law or otherwise, upon and at any time after the occurrence and during the continuance of any Event of Default, each Lender may, and each is
hereby authorized by the Borrower, at any such time and from time to time, to the fullest extent permitted by applicable law, without presentment, demand, protest or other notice of any kind, all of which are hereby knowingly and expressly waived by
the Borrower, to set off and to apply any and all deposits (general or special, time or demand, provisional or final) and any other property at any time held (including at any branches or agencies, wherever located), and any

  
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other indebtedness at any time owing, by such Lender to or for the credit or the account of the Borrower against any or all of the Obligations to such Lender now or hereafter existing,
whether or not such Obligations may be contingent or unmatured or are owed to a branch or office of such Lender or the Issuing Lender different from the branch or office holding such deposit or obligated on such indebtedness; provided, that
in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of
Section 2.21 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the Issuing Lender and the Lenders (including the Swingline
Lender), and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of
each Lender, the Issuing Lender and their respective Affiliates under this Section 9.3 are in addition to other rights and remedies (including other rights of setoff) that such Lender, the Issuing Lender or their respective Affiliates
may have. Each Lender and the Issuing Lender. Each Lender agrees promptly to notify the Borrower and the Administrative Agent after any such set-off and application; provided, however, that the failure to give such notice shall not
affect the validity of such set-off and application. 
 ARTICLE X 

THE ADMINISTRATIVE AGENT 

10.1 Appointment and Authority. Each of the Lenders (for purposes of this ARTICLE, references to the Lenders shall also mean the
Issuing Lender and the Swingline Lender) hereby irrevocably appoints Wells Fargo to act on its behalf as the Administrative Agent hereunder and under the other Credit Documents and authorizes the Administrative Agent to take such actions on its
behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. Except as set forth in Section 10.6, the
provisions of this ARTICLE are solely for the benefit of the Administrative Agent and the Lenders, and neither the Borrower nor any of its Subsidiaries shall have rights as a third party beneficiary of any of such provisions. 

10.2 Rights as a Lender. The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity
as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires,
include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally
engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders. 

10.3 Exculpatory Provisions. The Administrative Agent shall not have any duties or obligations except those expressly set forth herein
and in the other Credit Documents. Without limiting the generality of the foregoing, the Administrative Agent: 

  
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 (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a
Default or Event of Default has occurred and is continuing; 
 (b) shall not have any duty to take any discretionary action or exercise any
discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Credit Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or
percentage of the Lenders as shall be expressly provided for herein or in the other Credit Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may
expose the Administrative Agent to liability or that is contrary to any Credit Document or applicable law; and 
 (c) shall not, except as
expressly set forth herein and in the other Credit Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated to or obtained by
the Person serving as the Administrative Agent or any of its Affiliates in any capacity. 
 The Administrative Agent shall not be
liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith
shall be necessary, under the circumstances as provided in Sections 11.5 and 9.2) or (ii) in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall be deemed not to have knowledge of any
Default or Event of Default unless and until notice describing such Default or Event of Default is given to the Administrative Agent by the Borrower or a Lender. 

The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or
representation made in or in connection with this Agreement or any other Credit Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the
performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default or Event of Default, (iv) the validity, enforceability, effectiveness or genuineness of this
Agreement, any other Credit Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in ARTICLE IV or elsewhere herein, other than to confirm receipt of items expressly required to be
delivered to the Administrative Agent. 
 10.4 Reliance by Administrative Agent. The Administrative Agent shall be entitled to
rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, internet or intranet website posting or other distribution)
believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the
proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a
Lender or the Issuing Lender, the Administrative Agent may presume that such condition is satisfactory to such 

  
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Lender or the Issuing Lender unless the Administrative Agent shall have received notice to the contrary from such Lender or the Issuing Lender prior to the making of such Loan or the issuance of
such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in
accordance with the advice of any such counsel, accountants or experts. 
 10.5 Delegation of Duties. The Administrative Agent may
perform any and all of its duties and exercise its rights and powers hereunder or under any other Credit Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may
perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this ARTICLE shall apply to any such sub-agent and to the Related Parties of the Administrative Agent
and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facility provided for herein as well as activities as Administrative Agent. 

10.6 Resignation of Administrative Agent. The Administrative Agent may at any time give notice of its resignation to the Lenders and
the Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any
such bank with an office in the United States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days after the retiring Administrative Agent gives notice of
its resignation, then the retiring Administrative Agent may, on behalf of the Lenders, appoint a successor Administrative Agent meeting the qualifications set forth above; provided that if the Administrative Agent shall notify the Borrower
and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (1) the retiring Administrative Agent shall be discharged from its duties and
obligations hereunder and under the other Credit Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders under any of the Credit Documents, the retiring Administrative Agent shall
continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (2) all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be
made by or to each Lender directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section 10.6. Upon the acceptance of a successor’s appointment as Administrative
Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its
duties and obligations hereunder or under the other Credit Documents (if not already discharged therefrom as provided above in this Section 10.6). The fees payable by the Borrower to a successor Administrative Agent shall be the same as
those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring Administrative Agent’s resignation hereunder and under the other Credit Documents, the provisions of this ARTICLE and
Section 11.1 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring
Administrative Agent was acting as Administrative Agent. 

  
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 10.7 Non-Reliance on Administrative Agent and Other Lenders. Each Lender acknowledges that
it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter
into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time
to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Credit Document or any related agreement or any document furnished hereunder or thereunder. 

10.8 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Book Runner, Arrangers, Syndication Agent, or
other agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Credit Documents, except in its capacity, as applicable, as the Administrative Agent or a Lender hereunder. 

10.9 Guaranty Matters. The Lenders hereby authorize the Administrative Agent, at its option and in its discretion, to release
any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty if such Person ceases to be a Subsidiary Guarantor as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Lenders will
confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty, pursuant to this
Section 10.9. 
 10.10 Issuing Lender and Swingline Lender. The provisions of this ARTICLE X (other than
Section 10.2) shall apply to the Issuing Lender and the Swingline Lender mutatis mutandis to the same extent as such provisions apply to the Administrative Agent. 

ARTICLE XI 

MISCELLANEOUS 
 11.1
Expenses; Indemnity; Damage Waiver. 
 (a) The Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the
Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent), in connection with the syndication of the credit facility provided for herein, the preparation, negotiation,
execution, delivery and administration of this Agreement and the other Credit Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be
consummated), (ii) all reasonable out-of-pocket expenses incurred by the Issuing Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket
expenses incurred by the Administrative Agent, any Lender or the Issuing Lender (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or the 

  
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Issuing Lender), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Credit Documents, including its rights under this
Section 11.1(a), or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or
Letters of Credit, and (iv) any civil penalty or fine assessed by OFAC against, and all reasonable costs and expenses (including counsel fees and disbursements) incurred in connection with defense thereof by, the Administrative Agent or any
Lender as a result of conduct of the Borrower that violates a sanction enforced by OFAC. Amounts owing in respect of the expenses describe in this Section 11.1(a), shall become due thirty (30) days after receipt by the Borrower of a
reasonably detailed invoice therefor. 
 (b) The Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each
Lender, and each Related Party of any of the foregoing persons (each such person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities, penalties, and related
expenses (including the fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any of its Subsidiaries arising out of, in connection
with, or as a result of (i) the execution or delivery of this Agreement, any other Credit Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or
thereunder or the consummation of the transactions contemplated hereby or thereby, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the Issuing Lender to honor a demand for payment
under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Substances on or from any property
owned or operated by the Borrower or any of its Subsidiaries, or any Environmental Claim related in any way to the Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to
any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrower or any of its Subsidiaries, and regardless of whether any Indemnitee is a party thereto; provided that such
indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have
resulted from the gross negligence or willful misconduct of such Indemnitee or (y) result from a claim brought by the Borrower or any of its Subsidiaries against an Indemnitee for material breach of such Indemnitee’s obligations hereunder
or under any other Credit Document, if the Borrower or any of its Subsidiaries has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. 

(c) To the extent that the Borrower for any reason fails to indefeasibly pay any amount required under Section 11.1(a) or
Section 11.1(b) to be paid by it to the Administrative Agent (or any sub-agent thereof), the Issuing Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such
sub-agent), the Issuing Lender or such Related Party, as the case may be, such Lender’s proportion (based on the percentages as used in determining the Required Lenders as of the time that the applicable unreimbursed expense or indemnity
payment is sought) of such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related  

  
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expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent) or the Issuing Lender in its capacity as such, or against any Related
Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent) or the Issuing Lender in connection with such capacity. The obligations of the Lenders under this Section 11.1(c) are subject to the provisions of
Section 2.3(c). 
 (d) To the fullest extent permitted by applicable law, the Parent, the Borrower, each of its Subsidiaries
and each Related Party of any of the foregoing persons and each Indemnitee shall not assert, and each hereby waives, any claim against the Parent, the Borrower, each of its Subsidiaries and each Related Party or any Indemnitee, as applicable, on any
theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Credit Document or any agreement or instrument
contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee referred to in Section 11.1(b) shall be liable for any damages arising from the use by
unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems (including Intralinks, SyndTrak or similar systems) in connection with this Agreement or
the other Credit Documents or the transactions contemplated hereby or thereby. 
 (e) All amounts due under this
Section 11.1 shall be payable by the Borrower upon demand therefor. 
 11.2 Governing Law; Submission to Jurisdiction;
Waiver of Venue; Service of Process. 
 (a) This Agreement and the other Credit Documents shall (except as may be expressly otherwise
provided in any Credit Document) be governed by, and construed in accordance with, the law of the State of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but excluding all other choice of law and conflicts of
law rules); provided that each Letter of Credit shall be governed by, and construed in accordance with, the laws or rules designated in such Letter of Credit or application therefor or, if no such laws or rules are designated, the
International Standby Practices of the International Chamber of Commerce, as in effect from time to time (the “ISP”), and, as to matters not governed by the ISP, the laws of the State of New York (including Sections 5-1401 and
5-1402 of the New York General Obligations Law, but excluding all other choice of law and conflicts of law rules). 
 (b) The Borrower
irrevocably and unconditionally agrees that it will not commence any action, litigation or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against the Administrative Agent, any Lender,
any Issuing Bank, the Swingline Lender or any Related Party of any of the foregoing in any way relating to this Agreement or any other Credit Document or the transactions relating hereto or thereto, in any forum other than the courts of the State of
New York sitting in New York City and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, and each of the parties hereto irrevocably and unconditionally submits to the jurisdiction of
such courts and agrees that all claims in respect of any such action, litigation or proceeding may be heard and determined in such state court or, to the fullest extent permitted by 

  
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applicable law, in such federal court. Each of the parties hereto agrees that a final judgment in any such action, litigation or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or in any other Credit Document shall affect any right that the Administrative Agent, any Issuing Bank, the Swingline Lender or any Lender may
otherwise have to bring any action or proceeding relating to this Agreement or any other Credit Document against the Borrower or its properties in the courts of any jurisdiction. 

(c) The Borrower irrevocably and unconditionally waives, to the fullest extent permitted by applicable law, any objection that it may
now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Agreement or any other Credit Document in any court referred to in Section 11.2(b). Each of the parties hereto hereby irrevocably
waives, to the fullest extent permitted by applicable law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(d) Each party hereto irrevocably consents to service of process in the manner provided for notices in Section 11.4.
Nothing in this Agreement will affect the right of any party hereto to serve process in any other manner permitted by applicable law. 

11.3 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT
MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER
THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER
AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER CREDIT DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

11.4 Notices; Effectiveness; Electronic Communication. 

(a) Except in the cases of notices and other communications expressly permitted to be given by telephone (and except as provided in
Section 11.4(b)), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier as follows:

 (i) if to the Borrower, the Administrative Agent, the Issuing Lender or the Swingline Lender, to it at the address
(or telecopier number) specified for such Person on Schedule 1.1; and 
 (ii) if to any Lender, to it at its
address (or telecopier number) set forth in its Administrative Questionnaire. 

  
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 Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be
deemed to have been given when received; notices sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business
on the next Business Day for the recipient). Notices delivered through electronic communications to the extent provided in Section 11.4(b) shall be effective as provided in Section 11.4(b). 

(b) Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication including e-mail or by
posting such notices or communications on internet or intranet websites such as SyndTrak or a substantially similar electronic transmission system (the “Platform”) pursuant to procedures approved by the Administrative Agent,
provided that the foregoing shall not apply to notices to any Lender pursuant to ARTICLE II if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such ARTICLE by electronic
communication. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communication pursuant to procedures approved by it, provided that approval of such
procedures may be limited to particular notices or communications. Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of
an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), provided that if such notice or other communication is not sent
during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient, and (ii) notices or other communications posted to an
internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and
identifying the website address therefor. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” The Agent Parties (as defined below) do not warrant the adequacy of the platform and expressly disclaim liability for errors or
omissions in the communications effected thereby. No warranty of any kind, express, implied or statutory, including any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or
other code defects, is made by any Agent Party in connection with any such communications or the Platform. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any
liability to the Borrower or any of its Subsidiaries, any Lender or any other Person or entity for damages of any kind, including direct or indirect, special, incidental or consequential damages, losses or expenses (whether in tort, contract or
otherwise) arising out of the Borrower’s, any of the Borrower’s Subsidiary’s or the Administrative Agent’s transmission of any notices or communications through the Platform other than for direct or actual damages resulting from
the gross negligence or willful misconduct of such Agent Party as determined by a final and nonappealable judgment of a court of competent jurisdiction. 

(c) Any party hereto may change its address or telecopier number for notices and other communications hereunder by notice to the other parties
hereto (except that each Lender need not give notice of any such change to the other Lenders in their capacities as such). 

  
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 11.5 Amendments, Waivers, etc. No amendment, modification, waiver or discharge or
termination of, or consent to any departure by the Borrower from, any provision of this Agreement or any other Credit Document, shall be effective unless in a writing signed by the Required Lenders (or by the Administrative Agent at the direction or
with the consent of the Required Lenders), and then the same shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, modification, waiver, discharge,
termination or consent shall: 
 (a) unless agreed to by each Lender directly affected thereby, (i) reduce or forgive the
principal amount of any Loan or Reimbursement Obligation, reduce the rate of or forgive any interest thereon (provided the consent of the Required Lenders shall be required to (A) waive the applicability of any additional interest
payable under Section 2.8(b) at the election of the Required Lenders and (B) change financial covenant provisions and related definitions (including amendments to account for changes or modifications to GAAP) which may affect the
Applicable Margin Percentage), or reduce or forgive any fees hereunder or other Obligations (other than fees payable to the Administrative Agent, the Arrangers or the Issuing Lender for its own account), (ii) extend the Maturity Date or any
other scheduled date for the payment of any principal of any Loan (including any scheduled date for the mandatory reduction or termination of any Commitments), any interest on any Loan (other than additional interest payable under
Section 2.8(b) at the election of the Required Lenders, as provided therein), any fees (other than fees payable to the Administrative Agent, the Arrangers or the Issuing Lender for its own account) or any other Obligations, or extend the
expiry date of any Letter of Credit in a manner not permitted under ARTICLE III, or extend the time of payment of any Reimbursement Obligation or any interest thereon (it being understood that a waiver of any condition precedent set forth in
Section 4.2 or of any Default or Event of Default or mandatory reduction in the Commitments, if agreed to by the Required Lenders or all Lenders (as may be required hereunder with respect to such waiver), shall not constitute such an
extension), (iii) increase or extend any Commitment of any such Lender (it being understood that a waiver of any condition precedent set forth in Section 4.2 or of any Default or Event of Default or mandatory reduction in the
Commitments, if agreed to by the Required Lenders or all Lenders (as may be required hereunder with respect to such waiver), shall not constitute such an increase), (iv) change or waive any provision of Section 2.15 or any other
provision of this Agreement or any other Credit Document requiring pro rata treatment of any Lenders in a manner that would alter the pro rata sharing of payments required thereby, (v) change any provision of this Section 11.5(a),
or (vi) change the definition of “Required Lenders” or any other provision hereof specifying the percentage of the aggregate Commitments or of the aggregate unpaid principal amount of the Loans, or the number or percentage of Lenders,
that shall be required for the Lenders or any of them to take or approve, or direct the Administrative Agent to take, any action hereunder or under any other Credit Document (including as set forth in the definition of “Required
Lenders”); 
 (b) unless agreed to in writing by all of the Lenders, except as may be otherwise specifically provided
in this Agreement or in any other Credit Document, release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty (other than in connection with the sale or other disposition of all of the capital stock of such Subsidiary
Guarantor in a transaction expressly permitted under or pursuant to this Agreement); 

  
 99 

 (c) unless agreed to in writing by the Issuing Lender, the Swingline Lender or the Administrative
Agent in addition to the Lenders required as provided hereinabove to take such action, affect the respective rights or obligations of the Issuing Lender, the Swingline Lender or the Administrative Agent, as applicable, hereunder or under any of the
other Credit Documents; 
 (d) unless agreed to in writing by each Hedge Party and Cash Management Bank affected thereby in its capacity as
such (i) amend any provision regarding priority of payments in this Agreement or any other Credit Document or (ii) release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty (other than (A) as may be otherwise
specifically provided in this Agreement or in any other Credit Document or (B) in connection with the sale or other disposition of all of the capital stock of such Subsidiary Guarantor in a transaction expressly permitted under or pursuant to
this Agreement); 
 and provided further that the Wells Fargo Fee Letter may be amended or modified, and any rights thereunder waived, in a
writing signed by the parties thereto. 
 Notwithstanding the fact that the consent of all Lenders is required in certain circumstances as set forth above,
each Lender is entitled to vote as such Lender sees fit on any bankruptcy reorganization plan that affects the Loans, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code supersedes the unanimous consent
provisions set forth herein. 
 Notwithstanding anything to the contrary herein, (i) no Defaulting Lender shall have any right to approve or disapprove
any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting
Lenders), except that (x) the Commitment of any Defaulting Lender may not be increased or extended without the consent of such Lender and (y) any waiver, amendment or modification requiring the consent of all Lenders or each affected
Lender that by its terms affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such Defaulting Lender and (ii) if the Administrative Agent and the Borrower shall have jointly identified (each in
its sole discretion) an obvious error or omission of a technical or immaterial nature, in each case, in any provision of the Credit Documents, then the Administrative Agent and the Borrower shall be permitted to amend such provision and such
amendment shall become effective without any further action or consent of any other party to any Credit Document. 
 Notwithstanding anything in this
Agreement to the contrary, each Lender hereby irrevocably authorizes the Administrative Agent on its behalf, and without further consent, to enter into amendments or modifications to this Agreement (including, without limitation, amendments to this
Section 11.5) or any of the other Credit Documents or to enter into additional Credit Documents as the Administrative Agent reasonably deems appropriate in order to effectuate the terms of Section 2.20 (including, without
limitation, as applicable, (1) to permit the Revolving Commitment Increase to share ratably in the benefits of this Agreement and the other Credit Documents and (2) to include the Revolving Commitment Increase or outstanding Revolving
Commitment Increase, in any determination of (i) Required Lenders (ii) similar required lender terms applicable thereto); provided that no amendment or modification shall result in any increase in the amount of any Lender’s Commitment
without the written consent of such affected Lender if the same is not objected to in writing by the Required Lenders within five (5) Business Days following the posting of such amendment to the Lenders. 

  
 100 

 11.6 Successors and Assigns. 

(a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns permitted hereby, except that neither the Borrower nor any Subsidiary Guarantor may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each
Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Assignee in accordance with the provisions of Section 11.6(b) (an “Assignee”), (ii) by way of
participation in accordance with the provisions of Section 11.6(e) or (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 11.6(f) (and any other attempted assignment or transfer
by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the
extent provided in Section 11.6(e) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders ) any legal or equitable right, remedy or claim under or by reason of this
Agreement. 
 (b) Any Lender may at any time assign to one or more Assignees all or a portion of its rights and obligations
under this Agreement (including all or a portion of its Commitments and the Loans (including for purposes of this Section 11.6(b), participations in Letters of Credit and in Swingline Loans) at the time owing to it); provided that
any such assignment shall be subject to the following conditions: 
 (i) (A) in the case of an assignment of the
entire remaining amount of the assigning Lender’s Commitment and the Loans at the time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned, and (B) in
any case not described in clause (A) above, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the
Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if another date is specified in the Assignment and
Assumption, as of the such date) shall not be less than (x) $5,000,000, in the case of any assignment in respect of a Commitment (which for this purpose includes Revolving Loans outstanding) or (y) the entire Swingline Commitment and the
full amount of the outstanding Swingline Loans, in the case of Swingline Loans, or unless each of the Administrative Agent and, so long as no Default or Event of Default has occurred and is continuing, the Borrower otherwise consents (each such
consent not to be unreasonably withheld or delayed); 
 (ii) each partial assignment shall be made as an assignment of a
proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loan or the Commitment assigned, except that this clause (ii) shall not apply to rights in respect of Swingline Loans; 

  
 101 

 (iii) no consent shall be required for any assignment except to the extent
required by clause (B) of Section 11.6(b)(i) and, in addition: 
 (A) the consent of the Borrower
(such consent not to be unreasonably withheld or delayed) shall be required unless (y) a Default or Event of Default has occurred and is continuing at the time of such assignment or (z) such assignment is to a Lender, an Affiliate of a
Lender or an Approved Fund; provided the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received
notice thereof; 
 (B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed)
shall be required for any assignment made to a Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender; 

(C) the consent of the Issuing Lender (such consent not to be unreasonably withheld or delayed) shall be required for any
assignment that increases the obligation of the Assignee to participate in exposure under one or more Letters of Credit (whether or not then outstanding); and 

(D) the consent of the Swingline Lender (such consent not to be unreasonably withheld or delayed) shall be required for any
assignment in respect of a Commitment; 
 (iv) the Lenders and Assignee to each assignment shall execute and deliver to the
Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500 for each assignment and the Assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire; 

(v) no such assignment shall be made to a Person who has a significant line of business that involves trucking or freight
shipping (or any Person that is an Affiliate of such a Person), unless (A) a Default or Event of Default has occurred and is continuing at the time of such assignment or (B) the Borrower otherwise consents to such assignment; 

(vi) no such assignment shall be made to (A) the Borrower or any of the Borrower’s Affiliates or Subsidiaries or
(B) any Defaulting Lender or any of its Subsidiaries, or any Person, who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B); and 

(vii) no such assignment shall be made to a natural Person (or a holding company, investment vehicle or trust for, or owned and
operated for the primary benefit of, a natural Person). 
 Subject to acceptance and recording thereof by the Administrative Agent pursuant to
Section 11.6(c), from and after the effective date specified in each Assignment and Assumption, the Assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption,
have the rights and obligations of a Lender under this  

  
 102 

 
Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and,
in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections
2.16(a), 2.16(b), 2.17, 2.18 and 11.1 with respect to facts and circumstances occurring prior to the effective date of such assignment. If requested by or on behalf of the Assignee, the Borrower, at its own expense, will execute and
deliver to the Administrative Agent a new Note or Notes to the order of the Assignee (and, if the assigning Lender has retained any portion of its rights and obligations hereunder, to the order of the assigning Lender), prepared in accordance with
the applicable provisions of Section 2.4 as necessary to reflect, after giving effect to the assignment, the Commitments and/or outstanding Loans, as the case may be, of the Assignee and (to the extent of any retained interests) the
assigning Lender, in substantially the form of Exhibits A-1 and/or A-2, as applicable. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 11.6 shall
be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with Section 11.6(e). 

(c) In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective
unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate
(which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Borrower and the Administrative Agent, the applicable pro rata share of Loans
previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the
Administrative Agent or any Lender hereunder (and interest accrued thereon), and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swingline Loans. Notwithstanding the
foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest shall
be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 
 (d) The Administrative Agent,
acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at its address for notices referred to in Schedule 1.1 a copy of each Assignment and Assumption delivered to it and a register for the recordation of the
names and addresses of the Lenders, and the Commitments of, and principal amounts of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive,
and the Borrower, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. In
addition, the Administrative Agent shall maintain on the Register information regarding the designation, revocation of designation, of any Lender as a Defaulting Lender. The Register shall be available for inspection by each of the Borrower and the
Issuing Lender, at any reasonable time and from time to time upon reasonable prior notice. 

  
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 (e) Any Lender may at any time, without the consent of, or notice to, the Borrower or the
Administrative Agent, sell participations to any Person (other than a natural person or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights
and/or obligations under this Agreement (including all or a portion of its Commitments and/or the Loans (including such Lender’s participations in Letters of Credit and Swingline Loans) owing to it); provided that (i) such Lender’s
obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the Administrative Agent, the Lenders,
the Issuing Lender and the Swingline Lender shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells
such a participation shall provide that such Lender shall retain the sole right to enforce 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 Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in Sections 11.5(a) and (b) that affects such Participant. Subject to Section 11.6(f), the
Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.16(a), 2.16(b), 2.17 and 2.18 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section
11.6(b). To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.3 as though it were a Lender; provided such Participant agrees to be subject to Section 2.15(a) as though it were a
Lender. 
 (f) Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower,
maintain a register on which it enters the name and address of each Participant and the principal amounts of (and stated interest on) each Participant’s interest in the Loans or other obligations under the Credit Documents (the
“Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s
interest in any commitments, loans, letters of credit or its other obligations under any Credit Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other
obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is
recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent)
shall have no responsibility for maintaining a Participant Register. 
 (g) A Participant shall not be entitled to receive any
greater payment under Sections 2.16(a), 2.16(b) or 2.17 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant
is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.17 unless the Borrower is notified of the participation sold to such
Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 2.17(e) as though it were a Lender. 

  
 104 

 (h) Any Lender may at any time pledge or assign a security interest in all or any portion of its
rights under this Agreement (including under its Notes, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release
such Lender from any of its obligations hereunder or substitute any such pledgee or Assignee for such Lender as a party hereto. 
 (i) The
words “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be
of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic
Signatures in Global and National Commerce Act or any state laws based on the Uniform Electronic Transactions Act. 
 (j) Any Lender
or Participant may, in connection with any assignment, participation, pledge or proposed assignment, participation or pledge pursuant to this Section 11.6, disclose to the Assignee, Participant or pledgee or proposed Assignee,
Participant or pledgee any information relating to the Borrower and its Subsidiaries furnished to it by or on behalf of any other party hereto, provided that such Assignee, Participant or pledgee or proposed Assignee, Participant or pledgee
agrees in writing to keep such information confidential to the same extent required of the Lenders under Section 11.11. 

(k) Notwithstanding anything to the contrary contained herein, if Wells Fargo assigns all of its Commitments and Revolving Loans in
accordance with this Section 11.6, Wells Fargo may resign as Issuing Lender upon written notice to the Borrower and the Lenders. Upon any such notice of resignation, the Borrower shall have the right to appoint from among the Lenders a
successor Issuing Lender; provided that no failure by the Borrower to make such appointment shall affect the resignation of Wells Fargo as Issuing Lender. Wells Fargo shall retain all of the rights and obligations of the Issuing Lender hereunder
with respect to all Letters of Credit issued by it and outstanding as of the effective date of its resignation and all obligations of the Borrower and the Lenders with respect thereto (including the right to require the Lenders to make Revolving
Loans or fund participation interests pursuant to ARTICLE III). 
 11.7 No Waiver. The rights and remedies of the
Administrative Agent and the Lenders expressly set forth in this Agreement and the other Credit Documents are cumulative and in addition to, and not exclusive of, all other rights and remedies available at law, in equity or otherwise. No failure or
delay on the part of the Administrative Agent or any Lender in exercising any right, power or privilege shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or privilege preclude other or further
exercise thereof or the exercise of any other right, power or privilege or be construed to be a waiver of any Default or Event of Default. No course of dealing between any of the Borrower and the Administrative Agent or the Lenders or their agents
or employees shall be effective to amend, modify or discharge any provision of this Agreement or any other Credit Document or to constitute a waiver of any Default or Event of Default. No notice to or demand upon the Borrower in any case shall
entitle the Borrower to any other or further notice or demand in similar or other circumstances or constitute a waiver of the right of the Administrative Agent or any Lender to exercise any right or remedy or take any other or further action in any
circumstances without notice or demand. 

  
 105 

 11.8 Survival. All representations, warranties and agreements made by or on behalf
of the Borrower or any of its Subsidiaries in this Agreement and in the other Credit Documents shall survive the execution and delivery hereof or thereof, the making and repayment of the Loans and the issuance and repayment of the Letters of Credit.
In addition, notwithstanding anything herein or under applicable law to the contrary, the provisions of this Agreement and the other Credit Documents relating to indemnification or payment of fees, costs and expenses, including, without limitation,
the provisions of Sections 2.8(f), 2.16(a), 2.16(b), 2.17, 2.18, and 11.1, shall survive the payment in full of all Loans and Letters of Credit, the termination of the Commitments and all Letters of
Credit, and any termination of this Agreement or any of the other Credit Documents; provided that such survival shall remain subject to any notice requirements that may be provided in such sections. 

11.9 Severability. To the extent any provision of this Agreement is prohibited by or invalid under the applicable law of any
jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in such jurisdiction, without prohibiting or invalidating such provision in any other jurisdiction or the remaining provisions of this
Agreement in any jurisdiction. Without limiting the foregoing provisions of this Section 11.9, if and to the extent that the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by the
Bankruptcy Code or similar debtor relief laws, as determined in good faith by the Administrative Agent, the Issuing Lender or the Swingline Lender, as applicable, then such provisions shall be deemed to be in effect only to the extent not so
limited. 
 11.10 Construction. The headings of the various articles, sections and subsections of this Agreement and the table of
contents have been inserted for convenience only and shall not in any way affect the meaning or construction of any of the provisions hereof. Except as otherwise expressly provided herein and in the other Credit Documents, in the event of any
inconsistency or conflict between any provision of this Agreement and any provision of any of the other Credit Documents, the provision of this Agreement shall control. Any Hedge Agreement between the Borrower and any Hedge Party is an independent
agreement governed by the writing provisions of such Hedge Agreement, which shall remain in full force and effect, unaffected by any repayment, prepayment, acceleration, reduction, increase or change in the terms applicable to the Loans under this
Agreement, except as otherwise expressly provided in such Hedge Agreement, and any payoff statement from the Administrative Agent relating to this Agreement shall not apply to such Hedge Agreement except as expressly provided therein. Any Cash
Management Agreement between the Borrower and any Cash Management Bank is an independent agreement governed by the written provisions of such Cash Management Agreement, which shall remain in full force and effect, unaffected by any repayment,
prepayment, acceleration, reduction, increase or change in the terms applicable to the Loans under this Agreement, except as otherwise expressly provided in such Cash Management Agreement, and any payoff statement from the Administrative Agent
relating to this Agreement shall not apply to such Cash Management Agreement except as expressly provided therein. 

  
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 11.11 Confidentiality. Each of the Administrative Agent, the Lenders and the Issuing
Lender agree to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents,
advisors and other representatives (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
requested by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority), (c) to the extent required by applicable Requirements of Law 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 Credit Document or any Hedge Agreement or any Cash Management Agreement or any action or proceeding relating to this Agreement or any other
Credit Document or any Hedge Agreement or any Cash Management Agreement or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section 11.11,
to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement, or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative
transaction relating to the Borrower and its obligations, (g) subject to each such Person being informed of the confidential nature of the Information and to its agreement to keep such Information confidential, (i) to an investor or
prospective investor in an Approved Fund that also agrees that Information shall be used solely for the purpose of evaluating an investment in such Approved Fund, (ii) to a trustee, collateral manager, servicer, backup servicer, noteholder or
secured party in an Approved Fund in connection with the administration, servicing and reporting on the assets serving as collateral for an Approved Fund, or (iii) to a nationally recognized rating agency that requires access to information
regarding the Borrower and its Subsidiaries, the Loans and Credit Documents in connection with ratings issued with respect to an Approved Fund, (h) with the consent of the Borrower or (i) to the extent such Information (x) becomes
publicly available other than as a result of a breach of this Section 11.11 or (y) becomes available to the Administrative Agent, any Lender, the Issuing Lender or any of their respective Affiliates on a nonconfidential basis from a
source other than the Borrower or any of its Subsidiaries or Affiliates. 
 For purposes of this Section 11.11,
“Information” shall mean all information received from the Borrower and its Subsidiaries relating to such parties or any of their respective businesses, other than any such information that is available to the Administrative Agent,
any Lender or the Issuing Lender on a nonconfidential basis prior to disclosure by the Borrower or any of its Subsidiaries, provided that, in the case of information received from the 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 11.11 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. 

11.12 Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto in
different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Credit Documents constitute the entire contract among the parties relating to
the subject matter hereof and supersede any and all previous agreements and 

  
 107 

 
understandings, oral or written, relating to the subject matter hereof (except for the Wells Fargo Fee Letter). Except as provided in Section 4.1, this Agreement shall become
effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an
executed counterpart of a signature page of this Agreement by telecopy or other electronic transmission (such as pdf) shall be effective as delivery of a manually executed counterpart of this Agreement. 

11.13 Disclosure of Information. The Borrower agrees and consents to the Administrative Agent’s and Wells Fargo Securities’
disclosure of information relating to this transaction to Gold Sheets and other similar bank trade publications. Such information will consist of deal terms and other information customarily found in such publications. 

11.14 USA Patriot Act Notice. Each Lender that is subject to the PATRIOT Act and the Administrative Agent (for itself and not on behalf
of any Lender) hereby notifies the Borrower that pursuant to the requirements of the PATRIOT Act, it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower
and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrower in accordance with the PATRIOT Act. 

11.15 Amendment and Restatement; No Novation. This Agreement constitutes an amendment and restatement of the Existing Credit Agreement,
effective from and after the Restatement Effective Date. The execution and delivery of this Agreement shall not constitute a novation of any indebtedness or other obligations owing to the Lenders or the Administrative Agent under the Existing Credit
Agreement based on facts or events occurring or existing prior to the execution and delivery of this Agreement. On the Restatement Effective Date, the credit facilities described in the Existing Credit Agreement, shall be amended, supplemented,
modified and restated in their entirety by the facilities described herein, and all loans and other obligations of the Borrower outstanding as of such date under the Existing Credit Agreement, shall be deemed to be loans and obligations outstanding
under the corresponding facilities described herein, without any further action by any Person, except that the Administrative Agent shall make such transfers of funds as are necessary in order that the outstanding balance of such Loans, together
with any Loans funded on the Restatement Effective Date, reflect the respective Commitments of the Lenders hereunder. 
 [SIGNATURES BEGIN ON
THE FOLLOWING PAGE.] 

  
 108 

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

			
	OLD DOMINION FREIGHT LINE, INC., as Borrower
		
	By:	 	         /s/ Adam N. Satterfield

		 	Name:  Adam N. Satterfield
		 	Title:    Vice President – Treasurer

 Old Dominion Freight Line, Inc. – 2015 Credit Agreement 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, Swingline Lender, Issuing Lender and as a Lender
		
	By:	 	         /s/ Andrew Payne

		 	Name:  Andrew Payne
		 	Title:    Director

 Old Dominion Freight Line, Inc. – 2015 Credit Agreement 

 
			
	BRANCH BANKING AND TRUST COMPANY, as Syndication Agent and as a Lender
		
	By:	 	         /s/ David Miller

		 	Name:  David Miller
		 	Title:    Vice President

 Old Dominion Freight Line, Inc. – 2015 Credit Agreement 

 
			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	         /s/ Alan Stephens

		 	Name:  Alan Stephens
		 	Title:    Senior Vice President

 Old Dominion Freight Line, Inc. – 2015 Credit Agreement 

 
			
	U.S. BANK NATIONAL ASSOCIATION, as a Lender
		
	By:	 	         /s/ Michael P. Dickman

		 	Name:  Michael P. Dickman
		 	Title:    Vice President

 Old Dominion Freight Line, Inc. – 2015 Credit Agreement 

 
			
	HIGH POINT BANK AND TRUST COMPANY, as a Lender
		
	By:	 	         /s/ Michael J. Bridger

		 	Name:  Michael J. Bridger
		 	Title:    Vice President

 Old Dominion Freight Line, Inc. – 2015 Credit Agreement 

 SCHEDULE 1.1 

COMMITMENTS AND NOTICE ADDRESSES 
  

							
	 Lender
	  	 Commitment
	 	  	 Notice Address

	 Wells Fargo Bank, National Association
	  	$	67,500,000	  	  	 1525 W. W.T. Harris Blvd.
 Mailcode
D1109-019
 Charlotte, North Carolina 28262
 Attn: Syndication
Agency Services

	 Branch Banking and Trust Company
	  	$	67,500,000	  	  	 200 West 2nd Street

Winston Salem, NC 27101
 Attn: Preston Bergen

	 Bank of America, N.A.
	  	$	55,000,000	  	  	 101 S. Tryon Street, NC1-002-03-10

Charlotte, NC 28255-0001
 Attn: John Mercuri

	 U.S. Bank National Association
	  	$	55,000,000	  	  	 800 Nicollet Mall
 Minneapolis, MN 55402

Attn: Edward Hanson

	 High Point Bank
	  	$	5,000,000	  	  	 312 N. Main Street
 High Point, NC 27260

Attn: Mike Bridger

	 Total
	  	$	250,000,000	  	  	

 SCHEDULE 3.1 

EXISTING LETTERS OF CREDIT 

 

									
	 LOC NUMBER
	  	 BENEFICIARY
	  	PURPOSE	  	            AMOUNT            
	 
	SM202865	  	National Union Fire Ins. Co. of Pittsburgh	  	Workers’ Comp	  	$	37,671,267.00	  
	S034701	  	Georgia Self Ins. Guaranty	  	Workers’ Comp	  	$	1,920,000.00	  
	S036413	  	Pacific Employers Ins. Co.	  	Workers’ Comp	  	$	189,000.00	  
	S039135	  	Utica Mutual Ins. Co.	  	Workers’ Comp	  	$	500,000.00	  
	SM421252	  	United States Fidelity and Guaranty Co.	  	Workers’ Comp	  	$	700,000.00	  
	SM408316	  	Protective Ins. Co.	  	Auto Liability	  	$	27,138,656.00	  
	 Total
	  		  		  	$	68,118,923.00	  

 SCHEDULE 5.4 

CONSENTS AND APPROVALS 

None. 

 SCHEDULE 5.7 

SUBSIDIARIES 

None. 

 SCHEDULE 5.17 

INSURANCE 
  

			
	Auto and General Liability Coverage Summary
		
	Insurer	  	Protective Insurance Company
	Expiration	  	March 30, 2017
	Coverage – Type	  	Personal Injury Liability and Property Damage Liability;
		  	Physical Damage – Comprehensive and Collision
	Coverage – Amount	  	$5,000,000 combined single limit per occurrence less self-insured retention;
		  	$2,250,000 aggregate limit for General Liability; and
	Deductible	  	$2,750,000 self-insured retention per occurrence
	
	Workers’ Compensation & Employers’ Liability
		
	Insurer	  	AIG
	Expiration	  	March 30, 2016
	Coverage – Type	  	Workers’ Compensation & Employers’ Liability
	Coverage – Amount	  	WC - At statutory limit requested
		  	EL - $1,000,000 each employee / $1,000,000 per disease each employee / $1,000,000 per disease policy limit
	Deductible	  	$1,000,000 self-insured retention/deductible per occurrence
	Self-insured States	  	FL, GA, MT, NC, OH, SC, TN and VA
	
	Umbrella and Excess Liability
		
	Insurer	  	Lexington Insurance Company; National Union Fire Insurance Company of Pittsburgh, P.A.; Liberty Insurance Underwriters, Inc.; Federal Insurance Company; Fireman’s Fund Insurance Company; Travelers; Great American; RSUI
Indemnity; and Endurance
	Expiration	  	March 30, 2016
	Coverage – Type	  	Umbrella and Excess Liability
	Coverage – Amount	  	$245,000,000 excess of the primary $5,000,000, excess of deductibles/retentions, subject to policy aggregates

			
	
	Commercial Property
		
	Insurer	  	XL Insurance
	Expiration	  	March 30, 2016
	Coverage –Type	  	Real and Personal Property
	Coverage – Amount	  	Property damage - $75,000,000
		  	Various sub-limits - $25,000 to $40,000,000
	Deductible	  	$10,000 general deductible per occurrence
		  	Deductibles vary for various types of losses but range from $10,000 to $500,000
	
	Motor Truck Cargo / Logistics
		
	Insurer	  	XL Insurance
	Expiration	  	March 30, 2016
	Coverage – Type	  	Motor Truck Cargo Liability
	Coverage – Amount	  	Any one disaster/loss - $10,000,000
		  	Various sub-limits - $2,500 to $5,000,000
	Deductible	  	$100,000 general deductible per occurrence
		  	Deductibles vary for various types of losses but range from $5,000 to $100,000

 SCHEDULE 5.18 

MATERIAL CONTRACTS 
  

	1.	Amended and Restated Articles of Incorporation 

  

	2.	Articles of Amendment of Old Dominion Freight Line, Inc. 

  

	3.	Amended and Restated Bylaws of Old Dominion Freight Line, Inc. 

  

	4.	Specimen certificate of Common Stock 

  

	5.	Note Purchase Agreement among Old Dominion Freight Line, Inc. and the Purchasers set forth in Schedule A thereto, dated as of April 25, 2006 

 

	6.	Note Purchase Agreement by and among Old Dominion Freight Line, Inc. and the Purchasers set forth in Schedule A thereto, dated as of January 3, 2011 

 

	7.	Second Amended and Restated Credit Agreement among Wells Fargo Bank, National Association, as Administrative Agent; the Lenders named therein; and Old Dominion Freight Line, Inc., dated as of August 10, 2011 (The
Existing Credit Agreement will be amended and restated in its entirety on the Restatement Effective Date) 

  

	8.	First Amendment to Second Amended and Restated Credit Agreement among Wells Fargo Bank, National Association, as Administrative Agent; the Lenders named therein; and Old Dominion Freight Line, Inc. 

 

	9.	Amended and Restated Employment Agreement Between Old Dominion Freight Line, Inc. and Earl E. Congdon, effective as of June 1, 2008 

 

	10.	Amended and Restated Employment Agreement between Old Dominion Freight Line, Inc. and David S. Congdon, effective as of June 1, 2008 

 

	11.	First Amendment to Amended and Restated Employment Agreement, effective as of May 31, 2010, by and between Old Dominion Freight Line, Inc. and Earl E. Congdon 

 

	12.	Second Amendment to Amended and Restated Employment Agreement, effective as of May 31, 2012, by and between Old Dominion Freight Line, Inc. and Earl E. Congdon

 

	13.	Old Dominion Freight Line, Inc. 2012 Phantom Stock Plan

	14.	Form of Old Dominion Freight Line, Inc. 2012 Phantom Stock Plan Phantom Stock Award Agreement 

  

	15.	Second Amended and Restated Employment Agreement by and between Old Dominion Freight Line, Inc. and Earl E. Congdon, effective as of November 1, 2012 

 

	16.	First Amendment to Amended and Restated Employment Agreement, effective as of November 1, 2012, by and between Old Dominion Freight Line, Inc. and David S. Congdon 

 

	17.	First Amendment to the Second Amended and Restated Employment Agreement by and between Old Dominion Freight Line, Inc. and Earl E. Congdon 

 

	18.	First Amendment to the Old Dominion Freight Line, Inc. 2012 Phantom Stock Plan 

  

	19.	Old Dominion Freight Line, Inc. Director Phantom Stock Plan

  

	20.	Form of Old Dominion Freight Line, Inc. Director Phantom Stock Plan Award Agreement 

  

	21.	Non-Executive Director Compensation Structure, effective January 1, 2011 

  

	22.	Old Dominion Freight Line, Inc. Director Phantom Stock Plan, as amended through April 1, 2011 

  

	23.	Old Dominion Freight Line, Inc. Non-Executive Director Compensation Structure, effective January 1, 2014 

  

	24.	2014 Declaration of Amendment to Old Dominion Freight Line, Inc. Director Phantom Stock Plan, effective February 20, 2014 

  

	25.	Old Dominion Freight Line, Inc. Phantom Stock Plan, effective as of May 16, 2005 

  

	26.	Form of Old Dominion Freight Line, Inc. Phantom Stock Award Agreement 

  

	27.	Old Dominion Freight Line, Inc. Phantom Stock Plan, effective as of January 1, 2009 

  

	28.	Old Dominion Freight Line, Inc. Change of Control Severance Plan for Key Executives, effective as of January 1, 2009 

  

	29.	Amendment to Old Dominion Freight Line, Inc. Phantom Stock Plan, effective as of May 18, 2009 

	30.	2011 Declaration of Amendment to Old Dominion Freight Line, Inc. Phantom Stock Plan, effective as of May 17, 2011 

  

	31.	Old Dominion Freight Line, Inc. Phantom Stock Award Agreement 

  

	32.	2014 Declaration of Second Amendment to Old Dominion Freight Line, Inc. Phantom Stock Plan, effective as of August 7, 2014 

  

	33.	2015 Declaration of Amendment to Old Dominion Freight Line, Inc. Phantom Stock Plan 

  

	34.	2006 Nonqualified Deferred Compensation Plan of Old Dominion Freight Line, Inc., effective January 1, 2006 

  

	35.	Form of Annual Salary and Bonus Deduction Agreement 

  

	36.	Second Amendment to 2006 Nonqualified Deferred Compensation Plan of Old Dominion Freight Line, Inc., as amended, effective November 10, 2011 

 

	37.	Third Amendment to the 2006 Nonqualified Deferred Compensation Plan of Old Dominion Freight Line, Inc.; and 

  

	38.	Old Dominion Freight Line, Inc. Performance Incentive Plan. 

 SCHEDULE 8.2 

INDEBTEDNESS 
  

					
	 IBM Credit Corp. (Capitalized leases respecting computer equipment)
	  	$	1,785,000	  
	 Total Indebtedness as of November 30, 2015
	  	$	1,785,000	  

 SCHEDULE 8.3 

LIENS 
 IBM Credit Corp.
(Capitalized leases respecting computer equipment) 

 SCHEDULE 8.5A 

EXISTING INVESTMENTS 

None. 

 SCHEDULE 8.5B 

BORROWER’S INVESTMENT POLICY 

See Attached. 

 OLD DOMINION FREIGHT LINE,
INC. 
 INVESTMENT POLICY 

July 31, 2006 
 Purpose: 

The purpose of this Investment policy is to provide objectives and guidelines to the Treasury function for investing excess cash generated by the Company.
Priorities for the use of cash, in order, are: 
  

	 	•	 	Purchase of operating assets, 

  

	 	•	 	Pay down current debt where debt cost is higher than current yields on temporary investments including any prepayment penalty, and 

  

	 	•	 	Invest in short term, low risk financial instruments. 

 Investing opportunities that are not within the scope
of this policy must have written approval of the Executive Committee. 
 Investment Objectives: 

The investment objectives are to maximize after-tax income, preserve principal value and maintain adequate liquidity to meet account demands. 

Investment Goals: 
 The investment goal is to
provide a competitive investment return consistent with the objectives outlined in this policy. Limits on liquidity and risk within this policy may limit the return that can be expected on investment. However, it should be expected that the
tax-equivalent yields should at least be equal to or higher than six-month certificate of deposit yields as published daily in the Wall Street Journal. 

Investment Guidelines: 
 The investment guidelines
are to invest in U.S. dollar denominated taxable and tax-free fixed income securities. 
 At the time of purchase, no one issuer will be more than 10% of
the account’s market value at time of purchase. This rule excludes obligations of the U.S. Government and U.S. Government sponsored agencies and enterprises, money market funds, and securities that have an effective maturity no longer than the
next business day. Obligations of U.S. Government sponsored agencies and enterprises are limited to 40% of the account’s market value at time of purchase, per issuer. 

Issuer Credit Quality Guidelines: 
 Since the
Company is in the business of transporting goods and not finance, the investing of excess cash should be accomplished with minimum risk. Risk is defined as the probability of loss of principal. To be considered an eligible investment, issuers must
meet the credit quality criteria outlined below. 
  

	A.	Obligations of the U.S. Government and of U.S. Government sponsored agencies are approved securities. 

  

	 	1.	U.S. Treasury Bills, Notes, Bonds and Strips and other obligations whose principal and interest is fully guaranteed by the United States of America. 

 

	 	2.	Federal Agencies and Government Sponsored Enterprises: Government National Mortgage Association (GNMA), Tennessee Valley Authority (TVA), World Bank, Federal Farm Credit Bank (FFCB), Federal National Mortgage
Association (FNMA), Federal Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Bank (FHLB), Student Loan Marketing Association (SLMA), Financing Corporation (FICO), The Resolution Funding Corporation (REFCO), Farm Credit System Financial
Assistance Corporation, the Federal Housing Finance Board and all other government sponsored agencies and enterprises. 

	B.	Money Market Instruments: securities rated “A1, P1, F1, D1, MIG-1/VMIG-1, SP-1” or the equivalent (Tier I as defined by 2(a) 7 money market funds) at the time of purchase. Included but not limited to
commercial paper, banker’s acceptances, time deposits, certificates of deposit, taxable municipal securities, money market preferreds, dutch auction securities and unconditional demand floating rate securities. 

 

	C.	Money Market Mutual Funds and Mutual Funds comprised of the listed eligible investments. 

  

	D.	Corporate obligations: Corporate Bonds and Medium Term Notes (MTN’s) with long-term debt ratings of at least “Investment Grade”. 

 

	E.	Taxable and Tax Exempt Municipal Bonds: included but not limited to unconditional demand and put securities, commercial paper and notes and other obligations of indebtedness, rated “A” or better.

  

	F.	Auction Rate Preferred Stocks: Dutch auction preferred securities, which have various reset dates and are rated “A” or better. 

 

	G.	Asset-Backed Securities: rated “AAA”. 

  

	H.	Mortgage-Backed Securities and Collateralized Mortgage Obligations: rated “AAA”. 

  

	I.	Repurchase agreements: 

  

	 	1.	Must be collateralized by obligations of the U.S. Government or U.S. Government sponsored agencies. 

  

	 	2.	Must be collateralized at 102% of market value including accrued interest. 

  

	 	3.	Broker/dealers must be primary dealers as recognized by the Federal Reserve. 

  

	J.	All securities purchased will be rated by at least one of the following nationally recognized ratings agency: Standard & Poor’s, Moody’s, Duff & Phelps, Fitch IBCA, or Thompson BankWatch.

  

	K.	Hold/sell discipline: 

 In the event that any issuers or securities that are held, have been
subsequently downgraded to below their specified purchase criteria, Treasury management shall determine whether the security should be held to maturity or sold at the earliest convenient time. 

Liquidity: 
 Old Dominion is in the business of
transporting goods of general commodities within its service area. In providing this service, the Company feels it can achieve the highest return on its cash by investing in the replacement of or addition to operating assets. As such, excess cash
investments should generally have staggered maturity dates not to exceed one year. 
 Excess cash can be invested for periods longer than one year if it can
be clearly demonstrated by the treasury function that the invested cash will not be needed for operating cash requirements before the extended maturity horizon and the rate of return is materially greater than the short term rates without increased
risk. 
 Put and/or Reset Dates will be used in lieu of final maturity for the purpose of maturity acceptability. Market accepted average life at time of
purchase shall be used in lieu of final maturity for the purpose of maturity acceptability of asset-backed and mortgage-backed securities. 

 SCHEDULE 8.7 

TRANSACTIONS WITH AFFILIATES 

Any transaction with Old Dominion Truck Leasing, Inc., which include: 
  

	 	•	 	Combining requirements for the purchase of tractors, trailers, equipment, parts, tires and fuel; 

  

	 	•	 	Vehicle repair, maintenance and other related services charged by Old Dominion Freight Line, Inc. to Old Dominion Truck Leasing, Inc.; 

 

	 	•	 	Vehicle repair, maintenance and other related services charged by Old Dominion Truck Leasing, Inc. to Old Dominion Freight Line, Inc.; 

 

	 	•	 	Equipment purchases between Old Dominion Freight Line, Inc. and Old Dominion Truck Leasing, Inc.; 

  

	 	•	 	Equipment leased by Old Dominion Freight Line, Inc., for use by either Old Dominion Freight Line, Inc. or its customers, from Old Dominion Truck Leasing, Inc.; 

 

	 	•	 	Freight services provided to customers of, but billed to, Old Dominion Truck Leasing, Inc.; and 

  

	 	•	 	Rental of real estate by and between Old Dominion Truck Leasing, Inc. and Old Dominion Freight Line, Inc. 

Employment agreements between Old Dominion Freight Line, Inc. and each of Earl E. Congdon and David S. Congdon 

Compensation agreements between Old Dominion Freight Line, Inc. and each of Earl E. Congdon, David S. Congdon, John R. Congdon, Jr. or other members of the
Control Group in their capacity as employee or member of the Old Dominion Freight Line, Inc. Board of Directors 

 Execution Version 

EXHIBITS TO 
 AMENDED AND RESTATED
CREDIT AGREEMENT 
 among 
 OLD
DOMINION FREIGHT LINE, INC., 
 THE LENDERS NAMED HEREIN, 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Administrative Agent 
 and 

BRANCH BANKING AND TRUST COMPANY, 

as Syndication Agent 
 $250,000,000
Senior Unsecured Revolving Credit Facility 
 Lead Arrangers: 

WELLS FARGO SECURITIES, LLC 

BB&T CAPITAL MARKETS 
 Sole
Book-Runner: 
 WELLS FARGO SECURITIES, LLC 

Dated as of December 15, 2015 
  

 EXHIBIT A-1 

Borrower’s Taxpayer Identification No. 56-0751714 

FORM OF 
 REVOLVING NOTE

  

			
	$            	 	                    , 20    
	Charlotte, North Carolina	 	

 FOR VALUE RECEIVED, OLD DOMINION FREIGHT LINE, INC., a Virginia corporation (the
“Borrower”), hereby promises to pay to the order of             (the “Lender”), at the offices of Wells Fargo Bank, National Association (the
“Administrative Agent”) located at 1525 W. W.T. Harris Blvd., Charlotte, North Carolina 28262 (or at such other place or places as the Administrative Agent may designate), at the times and in the manner provided in the Amended and
Restated Credit Agreement, dated as of December 15, 2015 (as amended, modified or supplemented from time to time, the “Credit Agreement”), among the Borrower, the Lenders from time to time parties thereto, and Wells Fargo Bank,
National Association, as Administrative Agent, the principal sum of             DOLLARS
($                ), or such lesser amount as may constitute the unpaid principal amount of the Revolving Loans made by the Lender, under the terms and conditions of
this promissory note (this “Revolving Note”) and the Credit Agreement. The defined terms in the Credit Agreement are used herein with the same meaning. The Borrower also promises to pay interest on the aggregate unpaid principal
amount of this Revolving Note at the rates applicable thereto from time to time as provided in the Credit Agreement. 
 This
Revolving Note is one of a series of Revolving Notes referred to in the Credit Agreement and is issued to evidence the Revolving Loans made by the Lender pursuant to the Credit Agreement. All of the terms, conditions and covenants of the Credit
Agreement are expressly made a part of this Revolving Note by reference in the same manner and with the same effect as if set forth herein at length, and any holder of this Revolving Note is entitled to the benefits of and remedies provided in the
Credit Agreement and the other Credit Documents. Reference is made to the Credit Agreement for provisions relating to the interest rate, maturity, payment, prepayment and acceleration of this Revolving Note. 

In the event of an acceleration of the maturity of this Revolving Note, this Revolving Note shall become immediately due and payable, without
presentation, demand, protest or notice of any kind, all of which are hereby waived by the Borrower. 
 In the event this Revolving Note is
not paid when due at any stated or accelerated maturity, the Borrower agrees to pay, in addition to the principal and interest, all costs of collection, including reasonable attorneys’ fees. 

 This Revolving Note shall be governed by, and construed in accordance with, the law of the State
of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but excluding all other choice of law and conflicts of law rules). The Borrower irrevocably and unconditionally agrees that it will not commence any action,
litigation or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against the Lender, the Administrative Agent, or any Related Party of either of the foregoing in any way relating to this
Revolving Note, in any forum other than the courts of the State of New York sitting in New York City and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, and the Borrower submits to
the jurisdiction of such courts and agrees that all claims in respect of any such action, litigation or proceeding may be heard and determined in such state court or, to the fullest extent permitted by applicable law, in such federal court. 

IN WITNESS WHEREOF, the Borrower has caused this Revolving Note to be executed under seal by its duly authorized corporate officer as
of the day and year first above written. 
  

			
	OLD DOMINION FREIGHT LINE, INC.
		
	By:	 	  

		 	Name:  Adam N. Satterfield
		 	Title:    Vice President - Treasurer

 EXHIBIT A-2 

Borrower’s Taxpayer Identification No. 56-0751714 

FORM OF 
 SWINGLINE NOTE

  

			
	$30,000,000.00	 	                    , 20    
	Charlotte, North Carolina	 	

 FOR VALUE RECEIVED, OLD DOMINION FREIGHT LINE, INC., a Virginia corporation (the
“Borrower”), hereby promises to pay to the order of WELLS FARGO BANK, NATIONAL ASSOCIATION (the “Swingline Lender”), at the offices of Wells Fargo Bank, National Association (the “Administrative
Agent”) located at 1525 W. W.T. Harris Blvd., Charlotte, North Carolina 28262 (or at such other place or places as the Administrative Agent may designate), at the times and in the manner provided in the Amended and Restated Credit
Agreement, dated as of December 15, 2015 (as amended, modified or supplemented from time to time, the “Credit Agreement”), among the Borrower, the Lenders from time to time parties thereto, and Wells Fargo Bank, National
Association, as Administrative Agent, the principal sum of THIRTY MILLION AND NO/100 DOLLARS ($30,000,000.00), or such lesser amount as may constitute the unpaid principal amount of the Swingline Loans made by the Swingline Lender, under the
terms and conditions of this promissory note (this “Swingline Note”) and the Credit Agreement. The defined terms in the Credit Agreement are used herein with the same meaning. The Borrower also promises to pay interest on the
aggregate unpaid principal amount of this Swingline Note at the rates applicable thereto from time to time as provided in the Credit Agreement. 

This Swingline Note is issued to evidence the Swingline Loans made by the Swingline Lender pursuant to the Credit Agreement. All of the terms,
conditions and covenants of the Credit Agreement and the Sweep Agreement are expressly made a part of this Swingline Note by reference in the same manner and with the same effect as if set forth herein at length, and any holder of this Swingline
Note is entitled to the benefits of and remedies provided in the Credit Agreement and the other Credit Documents. Reference is made to the Credit Agreement for provisions relating to the interest rate, maturity, payment, prepayment and acceleration
of this Swingline Note. 
 In the event of an acceleration of the maturity of this Swingline Note, this Swingline Note shall become
immediately due and payable, without presentation, demand, protest or notice of any kind, all of which are hereby waived by the Borrower. 

In the event this Swingline Note is not paid when due at any stated or accelerated maturity, the Borrower agrees to pay, in addition to the
principal and interest, all costs of collection, including reasonable attorneys’ fees. 

 This Swingline Note shall be governed by, and construed in accordance with, the law of the State
of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but excluding all other choice of law and conflicts of law rules). The Borrower irrevocably and unconditionally agrees that it will not commence any action,
litigation or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against the Swingline Lender or any Related Party thereof in any way relating to this Swingline Note, in any forum other than
the courts of the State of New York sitting in New York City and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, and the Borrower submits to the jurisdiction of such courts and
agrees that all claims in respect of any such action, litigation or proceeding may be heard and determined in such state court or, to the fullest extent permitted by applicable law, in such federal court. 

IN WITNESS WHEREOF, the Borrower has caused this Swingline Note to be executed under seal by its duly authorized corporate officer as
of the day and year first above written. 
  

			
	OLD DOMINION FREIGHT LINE, INC.
		
	By:	 	  

		 	Name:  Adam N. Satterfield
		 	Title:    Vice President - Treasurer

 EXHIBIT B-1 

FORM OF 
 NOTICE OF
BORROWING 
 [Date] 
 Wells Fargo Bank, National
Association 
 1525 W. W.T. Harris Blvd 
 Mailcode D1109-019

 Charlotte, North Carolina 28262 
 Attention: Syndication
Agency Services 
 Ladies and Gentlemen: 

The undersigned, OLD DOMINION FREIGHT LINE, INC. (the “Borrower”), refers to the Amended and Restated Credit
Agreement, dated as of December 15, 2015, among the Borrower, certain banks and other financial institutions from time to time parties thereto, and you, as Administrative Agent for the Lenders (as amended, modified or supplemented from
time to time, the “Credit Agreement,” the terms defined therein being used herein as therein defined), and, pursuant to Section 2.2(b) of the Credit Agreement, hereby gives you, as Administrative Agent, irrevocable
notice that the Borrower requests a Borrowing of Revolving Loans under the Credit Agreement, and to that end sets forth below the information relating to such Borrowing (the “Proposed Borrowing”) as required by
Section 2.2(b) of the Credit Agreement: 
 (i) The aggregate principal amount of the Proposed Borrowing is
$                .1 

(ii) The Loans comprising the Proposed Borrowing shall be initially made as [Base Rate Loans] [LIBOR Loans][LIBOR Market Index
Loans].2 
 (iii) [The initial Interest Period for the LIBOR Loans
comprising the Proposed Borrowing shall be [one/two/three/six months].]3 

(iv) The Proposed Borrowing is requested to be made on
            (the “Borrowing Date”).4 

 

	1 	Amount of Proposed Borrowing must comply with Section 2.2(b) of the Credit Agreement. 

	2 	Select the applicable Type of Loans. 

	3 	Include this clause in the case of a Proposed Borrowing comprised of LIBOR Loans, and select the applicable Interest Period. 

	4 	Shall be a Business Day at least three (3) Business Days after the date hereof in the case of LIBOR Loans. 

 The Borrower hereby certifies that the following statements are true on and as of the date hereof
and will be true on and as of the Borrowing Date: 
 A. Each of the representations and warranties contained in
Article V of the Credit Agreement and in the other Credit Documents is and will be true and correct on and as of each such date in all material respects (except to the extent such representation and warranty is qualified by materiality, in
which case, such representation and warranty shall be true and correct in all respects or except to the extent that such representation and warranty is made as of a specific date, in which case, such representation and warranty shall be true and
correct as of such date) both immediately before and after giving effect to the Proposed Borrowing and to the application of the proceeds therefrom; 

B. No Default or Event of Default has occurred and is continuing or would result from the Proposed Borrowing or from the
application of the proceeds therefrom; and 
 C. After giving effect to the Proposed Borrowing, the sum of (i) the
aggregate principal amount of Revolving Loans outstanding at such time, (ii) the aggregate Letter of Credit Exposure of all Lenders at such time, and (iii) the aggregate principal amount of Swingline Loans outstanding at such time
(excluding the aggregate amount of any Swingline Loans to be repaid with proceeds of Revolving Loans made pursuant to the Proposed Borrowing), will not exceed the aggregate Commitments at such time. 

 

			
	Very truly yours,
	
	OLD DOMINION FREIGHT LINE, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  
 2 

 EXHIBIT B-2 

FORM OF 
 NOTICE OF
SWINGLINE BORROWING 
 [Date] 
 Wells Fargo Bank, National
Association 
 1525 W. W.T. Harris Blvd 
 Mailcode D1109-019

 Charlotte, North Carolina 28262 
 Attention: Syndication
Agency Services 
 Wells Fargo Bank, National Association, as 

Swingline Lender 
 One Wells Fargo Center 

301 South College Street 
 Charlotte, North Carolina 28288-0737

 Ladies and Gentlemen: 
 The
undersigned, OLD DOMINION FREIGHT LINE, INC. (the “Borrower”), refers to the Amended and Restated Credit Agreement, dated as of December 15, 2015, among the Borrower, certain banks and other financial institutions from
time to time parties thereto, and you, as Administrative Agent for the Lenders (as amended, modified or supplemented from time to time, the “Credit Agreement,” the terms defined therein being used herein as therein defined), and,
pursuant to Section 2.2(d) of the Credit Agreement, hereby gives you, as Administrative Agent and as Swingline Lender, irrevocable notice that the Borrower requests a Borrowing of a Swingline Loan under the Credit Agreement, and to that
end sets forth below the information relating to such Borrowing (the “Proposed Borrowing”) as required by Section 2.2(d) of the Credit Agreement: 

(i) The principal amount of the Proposed Borrowing is
$                .1 

(ii) The Proposed Borrowing is requested to be made on
            (the “Borrowing Date”). 
  

 

	1 	Amount of Proposed Borrowing must comply with Section 2.2(d) of the Credit Agreement. 

 The Borrower hereby certifies that the following statements are true on and as of the date hereof
and will be true on and as of the Borrowing Date: 
 A. Each of the representations and warranties contained in
Article V of the Credit Agreement and in the other Credit Documents is and will be true and correct on and as of each such date in all material respects (except to the extent such representation and warranty is qualified by materiality,
in which case, such representation and warranty shall be true and correct in all respects or except to the extent that such representation and warranty is made as of a specific date, in which case, such representation and warranty shall be true and
correct as of such date) both immediately before and after giving effect to the Proposed Borrowing and to the application of the proceeds therefrom; 

B. No Default or Event of Default has occurred and is continuing or would result from the Proposed Borrowing or from the
application of the proceeds therefrom; and 
 C. After giving effect to the Proposed Borrowing, the sum of (i) the
aggregate principal amount of Revolving Loans outstanding at such time, (ii) the aggregate Letter of Credit Exposure of all Lenders at such time, and (iii) the aggregate principal amount of Swingline Loans outstanding at such time, will
not exceed the aggregate Commitments at such time. 
  

			
	Very truly yours,
	
	OLD DOMINION FREIGHT LINE, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  
 2 

 EXHIBIT B-3 

FORM OF 
 NOTICE OF
CONVERSION/CONTINUATION 
 [Date] 
 Wells Fargo Bank,
National Association, as Administrative Agent 
 1525 W. W.T. Harris Blvd 

Mailcode D1109-019 
 Charlotte, North Carolina 28262 

Attention: Syndication Agency Services 
 Ladies and Gentlemen:

 The undersigned, OLD DOMINION FREIGHT LINE, INC. (the “Borrower”), refers to the Amended and Restated Credit
Agreement, dated as of December 15, 2015, among the Borrower, certain banks and other financial institutions from time to time parties thereto, and you, as Administrative Agent for the Lenders (as amended, modified or supplemented from time to
time, the “Credit Agreement,” the terms defined therein being used herein as therein defined), and, pursuant to Section 2.11(b) of the Credit Agreement, hereby gives you, as Administrative Agent, irrevocable notice that
the Borrower requests a [conversion] [continuation]1 of Loans under the Credit Agreement, and to that end sets forth below the information relating to such [conversion] [continuation] (the
“Proposed [Conversion] [Continuation]”) as required by Section 2.11(b) of the Credit Agreement: 

(i) The Proposed [Conversion] [Continuation] is requested to be made on
            .2 

(ii) The Proposed [Conversion] [Continuation] involves
$            3 in aggregate principal amount of Revolving Loans made pursuant to a Borrowing on
            ,4 which Loans are presently maintained as [Base Rate] [LIBOR] [LIBOR Market Index] Loans and are proposed hereby to be
[converted into Base Rate Loans] [converted into LIBOR Loans] [converted into LIBOR Market Index Loans] [continued as LIBOR Loans].5 

 

	1 	Insert “conversion” or “continuation” throughout the notice, as applicable. 

	2 	Shall be a Business Day at least one (1) Business Day after the date hereof (in the case of any conversion of LIBOR Loans into Base Rate Loans or LIBOR Market Index Loans) or at least three (3) Business Days
after the date hereof (in the case of any conversion of Base Rate Loans or LIBOR Market Index Loans into, or continuation of, LIBOR Loans), and additionally, in the case of any conversion of LIBOR Loans into Base Rate Loans, or continuation of LIBOR
Loans, shall be the last day of the Interest Period applicable to such LIBOR Loans. 

	3 	Amount of Proposed Conversion or Continuation must comply with Section 2.11(b) of the Credit Agreement. 

	4 	Insert the applicable Borrowing Date for the Loans being converted or continued. 

	5 	Complete with the applicable bracketed language. 

 (iii) [The initial Interest Period for the Loans being [converted into]
[continued as] LIBOR Loans pursuant to the Proposed [Conversion] [Continuation] shall be [one/two/three/six months].]6 

 

			
	Very truly yours,
	
	OLD DOMINION FREIGHT LINE, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  

	6 	Include this clause in the case of a Proposed Conversion or Continuation involving a conversion of [Base Rate Loans] [LIBOR Market Index Loans] into, or continuation of, LIBOR Loans, and select the applicable Interest
Period. 

  
 2 

 EXHIBIT B-4 

FORM OF 
 LETTER OF
CREDIT NOTICE 
 [Date] 
 Wells Fargo Bank, National
Association, as Administrative Agent 
 1525 W. W.T. Harris Blvd 

Mailcode D1109-019 
 Charlotte, North Carolina 28262 

Attention: Syndication Agency Services 
 Wells Fargo Bank,
National Association, as 
 Issuing Lender 
 One Wells Fargo
Center 
 301 South College Street 
 Charlotte, North Carolina
28288-0737 
 Ladies and Gentlemen: 

The undersigned, OLD DOMINION FREIGHT LINE, INC. (the “Borrower”), refers to the Amended and Restated Credit
Agreement, dated as of December 15, 2015, among the Borrower, certain banks and other financial institutions from time to time parties thereto, and you, as Administrative Agent for the Lenders (as amended, modified or supplemented from time to
time, the “Credit Agreement,” the terms defined therein being used herein as therein defined), and, pursuant to Section 3.2 of the Credit Agreement, hereby gives you, as Issuing Lender, irrevocable notice that the
Borrower requests the issuance of a Letter of Credit for its account under the Credit Agreement, and to that end sets forth below the information relating to such Letter of Credit (the “Requested Letter of Credit”) as required by
Section 3.2 of the Credit Agreement: 
 (i) The Business Day on which the Requested Letter of Credit is
requested to be issued is             .1 

(ii) The Stated Amount of the Requested Letter of Credit is
$            . 
 (iii) The expiry date of the Requested Letter
of Credit is             . 
  

	1 	Shall be at least three (3) Business Days (or such shorter period as is acceptable to the Issuing Lender in any given case) after the date hereof. 

 (iv) The name and address of the beneficiary of the Requested Letter of Credit is
            . 
 The undersigned agrees to complete all application procedures
and documents required by you in connection with the Requested Letter of Credit. 
 The undersigned hereby certifies that the following
statements are true on the date hereof and will be true on the date of issuance of the Requested Letter of Credit: 

A. Each of the representations and warranties contained in Article V of the Credit Agreement and in the
other Credit Documents is and will be true and correct on and as of each such date in all material respects (except to the extent such representation and warranty is qualified by materiality, in which case, such representation and warranty shall be
true and correct in all respects or except to the extent that such representation and warranty is made as of a specific date, in which case, such representation and warranty shall be true and correct as of such date) both immediately before and
after giving effect to the issuance of the Requested Letter of Credit; 
 B. No Default or Event of Default has
occurred and is continuing or would result from the issuance of the Requested Letter of Credit; and 
 C. After giving effect
to the issuance of the Requested Letter of Credit, the sum of (i) the aggregate principal amount of Revolving Loans outstanding at such time, (ii) the aggregate Letter of Credit Exposure of all Lenders at such time, and (iii) the
aggregate principal amount of Swingline Loans outstanding at such time, will not exceed the aggregate Commitments at such time. 
  

			
	Very truly yours,
	
	OLD DOMINION FREIGHT LINE, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  
 2 

 EXHIBIT C 

FORM OF 
 COMPLIANCE
CERTIFICATE 
 THIS CERTIFICATE is given pursuant to Section 6.2(a) of the Amended and Restated Credit Agreement,
dated as of December 15, 2015 (as amended, modified or supplemented from time to time, the “Credit Agreement,” the terms defined therein being used herein as therein defined), among OLD DOMINION FREIGHT LINE, INC. (the
“Borrower”), certain banks and other financial institutions from time to time parties thereto, and Wells Fargo Bank, National Association, as Administrative Agent for the Lenders. 

The undersigned hereby certifies that: 

1. He is a duly elected Financial Officer of the Borrower. 

2. Enclosed with this Certificate are copies of the financial statements of the Borrower and its Subsidiaries as of
            , and for the [            -month period] [year] then ended, required to be delivered under
Section [6.1(a)][6.1(b)] of the Credit Agreement. Such financial statements have been prepared in accordance with GAAP [(subject to the absence of notes required by GAAP and subject to normal year-end adjustments)]13 and fairly present the financial condition of the Borrower and its Subsidiaries on a consolidated basis as of the date indicated and the results of operation of the Borrower and its Subsidiaries on
a consolidated basis for the period covered thereby. 
 3. The undersigned has reviewed the terms of the Credit Agreement and has made, or
caused to be made under the supervision of the undersigned, a review in reasonable detail of the transactions and condition of the Borrower and its Subsidiaries during the accounting period covered by such financial statements. 

4. The examination described in paragraph 3 above did not disclose, and the undersigned has no knowledge of the existence of, any Default or
Event of Default during or at the end of the accounting period covered by such financial statements or as of the date of this Certificate. [, except as set forth below. 

Describe here or in a separate attachment any exceptions to paragraph 4 above by listing, in reasonable detail, the nature of the Default or Event of Default,
the period during which it existed and the action that the Borrower has taken or proposes to take with respect thereto.] 
 5.
Attached to this Certificate as Attachment A is a covenant compliance worksheet reflecting the computation of the financial covenants set forth in Article VII of the Credit Agreement as of the last day of the period covered by the
financial statements enclosed herewith. 
  
  

	13 	Insert in the case of quarterly financial statements. 

 IN WITNESS WHEREOF, the undersigned has executed and delivered this Certificate as of the
            day of                     , 20    . 

 

			
	OLD DOMINION FREIGHT LINE, INC.
		
	By:	 	  

		 	Name:  Adam N. Satterfield
		 	Title:    Vice President - Treasurer

  
 2 

 ATTACHMENT A 

COVENANT COMPLIANCE WORKSHEET 
 To the
extent terms and definitions in the worksheet are inconsistent with corresponding terms and definitions in the Credit Agreement, the terms and definitions in the Credit Agreement shall be controlling. 

 

			
	Section 7.1	  	
		
	 1.      Consolidated Debt to Consolidated Total Capitalization. Borrower will not permit the ratio
of Consolidated Debt to Consolidated Total Capitalization to be greater than 0.60 to 1.0 at any time.
	  	
	 A.     Consolidated Debt of the Borrower and its Subsidiaries determined on a consolidated basis in accordance
with GAAP
	  	$                    
	 B.     Consolidated Net Worth (the consolidated stockholders’ equity of the Borrower and its
Subsidiaries, determined in accordance with GAAP)
	  	$
	 C.     Consolidated Debt to Consolidated Total Capitalization (Line A to the sum of Lines A and
B)
	  	            to 1.00
		
	Section 7.2	  	
		
	 2.      Fixed Charge Coverage Ratio. Borrower shall not permit the Fixed Charge Coverage
Ratio as of the last day of any fiscal quarter to be less than 2.00 to 1.0 at any time
	  	
	 A.     EBIT for the period of last four consecutive quarters
	  	$
	 B.     Plus: Gross Rents for the period of last four consecutive quarters
	  	$
	 C.     Sum of lines 2(A) and 2(B)
	  	$
	 D.     Consolidated Net Interest Expense for the period of last four consecutive quarters
	  	$
	 E.     Plus: Gross Rents for the period of last four consecutive quarters
	  	$
	 F.      Sum of Lines 2(D) and 2(E)
	  	$
	 G.     Fixed Charge Coverage Ratio (Line 2(C) to Line 2(F))
	  	             to 1.00

  
 i 

 EXHIBIT D 

ASSIGNMENT AND ASSUMPTION 

THIS ASSIGNMENT AND ASSUMPTION (this “Assignment and Assumption”) is dated as of the Effective Date set forth below
and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein
shall have the meanings given to them in the Credit Agreement identified below, receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto (the
“Standard Terms and Conditions”) are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases
and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s
rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding
rights and obligations of the Assignor under the respective facilities identified below (including any Letters of Credit, guarantees, and Swingline Loans included in such facilities) and (ii) to the extent permitted to be assigned under
applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or
instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all
other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein
collectively as the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor.

  

							
	1.	  	Assignor:	  	  
	  	
				
	2.	  	Assignee:	  	  
	  	
		  		  	[and is an Affiliate/Approved Fund of [identify Lender]14]
			
	3.	  	Borrower:	  	Old Dominion Freight Line, Inc.

 4. Administrative Agent: Wells Fargo Bank, National Association, as the Administrative Agent under the Credit
Agreement. 
  
  

	14 	Select as applicable. 

 5. Credit Agreement: Credit Agreement, dated as of December 15, 2015 (as amended,
modified, restated or supplemented from time to time, the “Credit Agreement”), among the Borrower, certain lenders from time to time parties thereto (the “Lenders”), and Wells Fargo Bank, National Association, as
Administrative Agent. 
  

	 	6.	Assigned Interest: 

  

									
	 Commitment Assigned
	 	 Aggregate Amount of
Commitment/Loans for all
Lenders15
	 	 Amount of Commitment/Loans
Assigned2
	 	 Percentage Assigned of
Commitment/Loans16
	 	 CUSIP
Number17

		 	$	 	$	 	%	 	

 [7. Trade Date:             ]18 

8. Effective Date:             [TO BE INSERTED BY THE ADMINISTRATIVE AGENT AND
WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
   

 

	15 	Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date. 

	16 	Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

	17 	Insert if applicable. 

	18 	To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade Date. 

  
 2 

 The terms set forth in this Assignment and Assumption are hereby agreed to: 

 

			
	ASSIGNOR:
	
	[NAME OF ASSIGNOR]
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	ASSIGNEE:
	
	[NAME OF ASSIGNEE]
		
	By:	 	  

		 	Name:
		 	Title:

 [Consented to and]19 Accepted: 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 as
Administrative Agent 
  

			
	By:	 	  

		 	Name:
		 	Title:

 [Consented to:]20 

[NAME OF RELEVANT PARTY] 
  

			
	By:	 	  

		 	Name:
		 	Title:

  

	19 	To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement. 

	20 	To be added only if the consent of the Borrower and/or other parties (e.g. Swingline Lender, Issuing Lender) is required by the terms of the Credit Agreement. 

  
 3 

 ANNEX 1 to Assignment and Assumption 

Amended and Restated Credit Agreement, dated as of December 15, 2015 among Old Dominion Freight Line, Inc., as Borrower, certain Lenders from time to
time parties thereto, and Wells Fargo Bank, National Association, as Administrative Agent 
 STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 
 1.
Representations and Warranties. 
 1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal
and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and
deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit
Agreement or any other Credit Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of
its Subsidiaries or Affiliates or any other Person obligated in respect of any Credit Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective
obligations under any Credit Document. 
 1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full
power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all
requirements of an eligible Assignee under the Credit Agreement (subject to receipt of such consents as may be required under the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit
Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements
delivered pursuant to Section 6.1 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the
Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, and (v) if it is a Foreign Lender, attached to the Assignment and Assumption is
any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent,
the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Documents, and (ii) it will
perform in accordance with their terms all of the obligations that by the terms of the Credit Documents are required to be performed by it as a Lender. 

 2. Payments. From and after the Effective Date, the Administrative Agent shall make all
payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts that have accrued to but excluding the Effective Date and to the Assignee for amounts that have accrued from
and after the Effective Date. 
 3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to the
benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a
signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with,
the law of the State of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but excluding all other choice of law and conflicts of law rules). 

  
 2 

 EXHIBIT E 

FORM OF 
 SUBSIDIARY
GUARANTY 
 THIS SUBSIDIARY GUARANTY, dated as of the             day
of             , 20            (this “Guaranty”), is made by the undersigned Subsidiary of OLD DOMINION
FREIGHT LINE, INC., a Virginia corporation (the “Borrower”), and each other Subsidiary of the Borrower that, after the date hereof, executes an instrument of accession hereto substantially in the form of Exhibit A (a
“Guarantor Accession”; the undersigned and such other Subsidiaries of the Borrower, collectively, the “Guarantors”), in favor of the Guaranteed Parties (as hereinafter defined). Capitalized terms used herein without
definition shall have the meanings given to them in the Credit Agreement referred to below. 
 RECITALS 

A. The Borrower, certain banks and other financial institutions, and Wells Fargo Bank, National Association, as administrative agent for the
Lenders, are parties to the Amended and Restated Credit Agreement, dated as of December 15, 2015 (as amended, modified or supplemented from time to time, the “Credit Agreement”), providing for the availability of certain credit
facilities to the Borrower upon the terms and conditions set forth therein. 
 B. It is a condition to the extension of credit to the
Borrower under the Credit Agreement that each Guarantor shall have agreed, by executing and delivering this Guaranty, to guarantee to the Guaranteed Parties the payment in full of the Guaranteed Obligations (as hereinafter defined). The Guaranteed
Parties are relying on this Guaranty in their decision to extend credit to the Borrower under the Credit Agreement, and would not enter into the Credit Agreement without this Guaranty. 

C. The Borrower and the Guarantors are engaged in related businesses and undertake certain activities and operations on an integrated basis.
As part of such integrated operations, the Borrower, among other things, will advance to the Guarantors from time to time certain proceeds of the Loans made to the Borrower by the Lenders under the Credit Agreement. Each Guarantor will therefore
obtain benefits as a result of the extension of credit to the Borrower under the Credit Agreement, which benefits are hereby acknowledged, and, accordingly, desires to execute and deliver this Guaranty. 

STATEMENT OF AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, to induce the Guaranteed Parties to enter into the Credit Agreement and to induce the Lenders to extend credit to the Borrower thereunder, each Guarantor hereby agrees as follows: 

 1. Guaranty. 

(a) Each Guarantor hereby irrevocably, absolutely and unconditionally, and jointly and severally: 

(i) guarantees (A) to the Lenders (including the Issuing Lender and the Swingline Lender in their capacities as such) and
the Administrative Agent (together with any Hedge Party described in clause (B) below and any Cash Management Bank described in clause (C) below, collectively, the “Guaranteed Parties”) the full and prompt payment, at any
time and from time to time as and when due (whether at the stated maturity, by acceleration or otherwise), of all Obligations of the Borrower under the Credit Agreement and the other Credit Documents, including, without limitation, all principal of
and interest on the Loans, all Reimbursement Obligations in respect of Letters of Credit, all fees, expenses, indemnities and other amounts payable by the Borrower under the Credit Agreement or any other Credit Document (including interest accruing
after the filing of a petition or commencement of a case by or with respect to the Borrower seeking relief under any Insolvency Laws (as hereinafter defined), whether or not the claim for such interest is allowed in such proceeding), and all
Obligations that, but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, would become due (other than, in any case, Excluded Swap Obligations), (B) to each Hedge Party under any Hedge Agreement that is
required or permitted by the Credit Agreement to be entered into by the Borrower (a “Permitted Hedge Agreement”), all obligations of the Borrower under such Permitted Hedge Agreement (other than Excluded Swap Obligations), and
(C) to each Cash Management Bank under any Cash Management Agreement, in each case under clauses (A) through (C) whether now existing or hereafter created or arising and whether direct or indirect, absolute or contingent, due or to
become due (all liabilities and obligations described in this clause (i), collectively, the “Guaranteed Obligations”); and 

(ii) agrees to pay or reimburse upon demand all reasonable fees, costs and expenses (including, without limitation, reasonable
attorneys’ fees and expenses) incurred or paid by (y) any Guaranteed Party in connection with any suit, action or proceeding to enforce or protect any rights of the Guaranteed Parties hereunder and (z) the Administrative Agent in
connection with any amendment, modification or waiver hereof or consent pursuant hereto, and to indemnify and hold each Guaranteed Party and its directors, officers, employees, agents and Affiliates harmless from and against any and all claims,
losses, damages, obligations, liabilities, penalties, costs and expenses (including, without limitation, reasonable attorneys’ fees and expenses) of any kind or nature whatsoever, whether direct, indirect or consequential, that may at any time
be imposed on, incurred by or asserted against any such indemnified party as a result of, arising from or in any way relating to this Guaranty or the collection or enforcement of the Guaranteed Obligations; provided, however, that no
indemnified party shall have the right to be indemnified hereunder for any such claims, losses, costs and expenses to the extent determined by a final and nonappealable judgment of a court of competent jurisdiction to have resulted from the gross
negligence or willful misconduct of such indemnified party (all liabilities and obligations described in this clause (ii), collectively, the “Other Obligations”; and the Other Obligations, together with the Guaranteed
Obligations, the “Total Obligations”). 

  
 2 

 (b) Notwithstanding the provisions of subsection (a) above and notwithstanding any other
provisions contained herein or in any other Credit Document: 
 (i) no provision of this Guaranty shall require or permit the
collection from any Guarantor of interest in excess of the maximum rate or amount that such Guarantor may be required or permitted to pay pursuant to applicable law; and 

(ii) the liability of each Guarantor under this Guaranty as of any date shall be limited to a maximum aggregate amount (the
“Maximum Guaranteed Amount”) equal to the greatest amount that would not render such Guarantor’s obligations under this Guaranty subject to avoidance, discharge or reduction as of such date as a fraudulent transfer or
conveyance under applicable federal and state laws pertaining to bankruptcy, reorganization, arrangement, moratorium, readjustment of debts, dissolution, liquidation or other debtor relief, specifically including, without limitation, the Bankruptcy
Code and any fraudulent transfer and fraudulent conveyance laws (collectively, “Insolvency Laws”), in each instance after giving effect to all other liabilities of such Guarantor, contingent or otherwise, that are relevant under
applicable Insolvency Laws (specifically excluding, however, any liabilities of such Guarantor in respect of intercompany indebtedness to the Borrower or any of its Affiliates to the extent that such indebtedness would be discharged in an amount
equal to the amount paid by such Guarantor hereunder, and after giving effect as assets to the value (as determined under applicable Insolvency Laws) of any rights to subrogation, contribution, reimbursement, indemnity or similar rights of such
Guarantor pursuant to (y) applicable law or (z) any agreement (including this Guaranty) providing for an equitable allocation among such Guarantor and other Affiliates of the Borrower of obligations arising under guaranties by such
parties). 
 (c) The Guarantors desire to allocate among themselves, in a fair and equitable manner, their obligations arising under this
Guaranty. Accordingly, in the event any payment or distribution is made hereunder on any date by a Guarantor (a “Funding Guarantor”) that exceeds its Fair Share (as hereinafter defined) as of such date, that Funding Guarantor shall
be entitled to a contribution from each of the other Guarantors in the amount of such other Guarantor’s Fair Share Shortfall (as hereinafter defined) as of such date, with the result that all such contributions will cause each Guarantor’s
Aggregate Payments (as hereinafter defined) to equal its Fair Share as of such date. “Fair Share” means, with respect to a Guarantor as of any date of determination, an amount equal to (i) the ratio of (x) the Adjusted
Maximum Guaranteed Amount (as hereinafter defined) with respect to such Guarantor to (y) the aggregate of the Adjusted Maximum Guaranteed Amounts with respect to all Guarantors, multiplied by (ii) the aggregate amount paid or distributed
on or before such date by all Funding Guarantors hereunder in respect of the obligations guarantied. “Fair Share Shortfall” means, with respect to a Guarantor as of any date of determination, the excess, if any, of the Fair Share of
such Guarantor over the Aggregate Payments of such Guarantor. “Adjusted Maximum Guaranteed Amount” means, with respect to a Guarantor as of any date of determination, the Maximum Guaranteed Amount of such Guarantor, determined in
accordance with the provisions of subsection (b) above; provided  

  
 3 

 
that, solely for purposes of calculating the Adjusted Maximum Guaranteed Amount with respect to any Guarantor for purposes of this subsection (c), any assets or liabilities arising by virtue
of any rights to subrogation, reimbursement or indemnity or any rights to or obligations of contribution hereunder shall not be considered as assets or liabilities of such Guarantor. “Aggregate Payments” means, with respect to a
Guarantor as of any date of determination, the aggregate amount of all payments and distributions made on or before such date by such Guarantor in respect of this Guaranty (including, without limitation, in respect of this subsection (c)). The
amounts payable as contributions hereunder shall be determined as of the date on which the related payment or distribution is made by the applicable Funding Guarantor. Each Funding Guarantor’s right of contribution under this
subsection (c) shall be subject to the provisions of Section 4. The allocation among Guarantors of their obligations as set forth in this subsection (c) shall not be construed in any way to limit the liability of any Guarantor
hereunder to the Guaranteed Parties. 
 (d) The guaranty of each Guarantor set forth in this Section is a guaranty of payment as a primary
obligor, and not a guaranty of collection. Each Guarantor hereby acknowledges and agrees that the Guaranteed Obligations, at any time and from time to time, may exceed the Maximum Guaranteed Amount of such Guarantor and may exceed the aggregate of
the Maximum Guaranteed Amounts of all Guarantors, in each case without discharging, limiting or otherwise affecting the obligations of any Guarantor hereunder or the rights, powers and remedies of any Guaranteed Party hereunder or under any other
Credit Document. 
 (e) Each Qualified ECP hereby jointly and severally absolutely, unconditionally and irrevocably undertakes to
provide such funds or other support as may be needed from time to time by any other Guarantor to honor all of its obligations under this Guaranty in respect of Swap Obligations; provided, however, that each Qualified ECP shall only be
liable under this Section 1(e) for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 1(e), or otherwise under this Guaranty, voidable under applicable
law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount. The obligations of each Qualified ECP under this Section 1(e) shall remain in full force and effect until satisfaction of all of the
Termination Requirements. Each Qualified ECP intends that this Section 1(e) constitute, and this Section 1(e) shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each
Guarantor for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. “Qualified ECP” means, in respect of any Swap Obligation, each Guarantor that (i) has total assets exceeding $10,000,000 at the time the
relevant guarantee or grant of the relevant security interest becomes effective with respect to such Swap Obligation or (ii) otherwise constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations
promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

(f) For purposes of this Guaranty, in addition to the terms defined elsewhere herein, the following terms have the meanings set forth below
(such meanings to be equally applicable to the singular and plural forms thereof): 
 “Commodity Exchange
Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.) and any successor statute. 

  
 4 

 “Excluded Swap Obligation” means, with respect to any Guarantor,
any Swap Obligation if, and to the extent that, all or a portion of the guaranty hereunder of such Guarantor of, or the grant by Guarantor of a security interest to secure, such Swap Obligation (or any guarantee thereof) is or becomes illegal under
the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of Guarantor’s failure for any reason to constitute an
“eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the guarantee of Guarantor or the grant of such security interest becomes effective with respect to such Swap Obligation.
If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such guarantee or security interest is or becomes
illegal. 
 “Swap Obligation” means, with respect to Borrower, 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. 

2. Guaranty Absolute. Each Guarantor agrees that its obligations hereunder and under the other Credit Documents to which it is a party
are irrevocable, absolute and unconditional, are independent of the Guaranteed Obligations or any collateral or other security therefor or other guaranty or liability in respect thereof, whether given by such Guarantor or any other Person, and shall
not be discharged, limited or otherwise affected by reason of any of the following, whether or not such Guarantor has notice or knowledge thereof: 

(i) any change in the time, manner or place of payment of, or in any other term of, any Guaranteed Obligations or any guaranty
or other liability in respect thereof, or any amendment, modification or supplement to, restatement of, or consent to any rescission or waiver of or departure from, any provisions of the Credit Agreement, any other Credit Document or any agreement
or instrument delivered pursuant to any of the foregoing; 
 (ii) the invalidity or unenforceability of any Guaranteed
Obligations, any guaranty or other liability in respect thereof or any provisions of the Credit Agreement, any other Credit Document or any agreement or instrument delivered pursuant to any of the foregoing; 

(iii) the addition or release of Guarantors hereunder or the taking, acceptance or release of other guarantees of any
Guaranteed Obligations or additional collateral or other security for any Guaranteed Obligations or for any guaranty or other liability in respect thereof; 

(iv) any discharge, modification, settlement, compromise or other action in respect of any Guaranteed Obligations or any
guaranty or other liability in respect thereof, including any acceptance or refusal of any offer or performance with respect to the same or the subordination of the same to the payment of any other obligations; 

  
 5 

 (v) any agreement not to pursue or enforce or any failure to pursue or enforce
(whether voluntarily or involuntarily as a result of operation of law, court order or otherwise) any right or remedy in respect of any Guaranteed Obligations, any guaranty or other liability in respect thereof or any collateral or other security for
any of the foregoing; any sale, exchange, release, substitution, compromise or other action in respect of any such collateral or other security; or any failure to create, protect, perfect, secure, insure, continue or maintain any Liens in any such
collateral or other security; 
 (vi) the exercise of any right or remedy available under the Credit Documents, at law, in
equity or otherwise in respect of any collateral or other security for any Guaranteed Obligations or for any guaranty or other liability in respect thereof, in any order and by any manner thereby permitted, including, without limitation, foreclosure
on any such collateral or other security by any manner of sale thereby permitted, whether or not every aspect of such sale is commercially reasonable; 

(vii) any bankruptcy, reorganization, arrangement, liquidation, insolvency, dissolution, termination, reorganization or like
change in the corporate structure or existence of the Borrower or any other Person directly or indirectly liable for any Guaranteed Obligations; 

(viii) any manner of application of any payments by or amounts received or collected from any Person, by whomsoever paid and
howsoever realized, whether in reduction of any Guaranteed Obligations or any other obligations of the Borrower or any other Person directly or indirectly liable for any Guaranteed Obligations, regardless of what Guaranteed Obligations may remain
unpaid after any such application; or 
 (ix) any other circumstance that might otherwise constitute a legal or equitable
discharge of, or a defense, set-off or counterclaim available to, the Borrower, any Guarantor or a surety or guarantor generally, other than the occurrence of all of the following: (x) the payment in full of the Total Obligations in existence
on the date the event discussed in (y) occurs (other than contingent and indemnification obligations not then due and payable), (y) the termination of the Commitments and the termination or expiration of all Letters of Credit under the
Credit Agreement and (z) the termination of, and settlement of all obligations of the Borrower, under each permitted Hedge Agreement to which any Hedge Party is a party (the events in clauses (x), (y) and (z) above, collectively,
the “Termination Requirements”). 
 3. Certain Waivers. Each Guarantor hereby knowingly, voluntarily and expressly
waives: 
 (i) presentment, demand for payment, demand for performance, protest and notice of any other kind, including,
without limitation, notice of nonpayment or other nonperformance (including notice of default under any Credit Document with respect to any Guaranteed Obligations), protest, dishonor, acceptance hereof, extension of additional credit to the Borrower
and of any of the matters referred to in Section 1(d) and of any rights to consent thereto; 

  
 6 

 (ii) any right to require the Guaranteed Parties or any of them, as a condition
of payment or performance by such Guarantor hereunder, to proceed against, or to exhaust or have resort to any collateral or other security from or any deposit balance or other credit in favor of, the Borrower, any other Guarantor or any other
Person directly or indirectly liable for any Guaranteed Obligations, or to pursue any other remedy or enforce any other right; and any other defense based on an election of remedies with respect to any collateral or other security for any Guaranteed
Obligations of for any guaranty or other liability in respect thereof, notwithstanding that any such election (including any failure to pursue or enforce any rights or remedies) may impair or extinguish any right of indemnification, contribution,
reimbursement or subrogation or other right or remedy of any Guarantor against the Borrower, any other Guarantor or any other Person directly or indirectly liable for any Guaranteed Obligations or any such collateral or other security; and, without
limiting the generality of the foregoing, each Guarantor hereby specifically waives the benefits of Sections 26-7 through 26-9, inclusive, of the General Statutes of North Carolina, as amended from time to time, and any similar statute or law of any
other jurisdiction, as the same may be amended from time to time; 
 (iii) any right or defense based on or arising by reason
of any right or defense of the Borrower or any other Person, including, without limitation, any defense based on or arising from a lack of authority or other disability of the Borrower or any other Person, the invalidity or unenforceability of any
Guaranteed Obligations, any collateral or other security therefor or any Credit Document or other agreement or instrument delivered pursuant thereto, or the cessation of the liability of the Borrower for any reason other than the satisfaction of the
Termination Requirements; 
 (iv) any defense based on any Guaranteed Party’s acts or omissions in the administration of
the Guaranteed Obligations, any guaranty or other liability in respect thereof or any collateral or other security for any of the foregoing, and promptness, diligence or any requirement that any Guaranteed Party create, protect, perfect, secure,
insure, continue or maintain any Liens in any such collateral or other security; 
 (v) any right to assert against any
Guaranteed Party, as a defense, counterclaim, crossclaim or set-off, any defense, counterclaim, claim, right of recoupment or set-off that it may at any time have against any Guaranteed Party (including, without limitation, failure of consideration,
fraud, fraudulent inducement, statute of limitations, payment, accord and satisfaction and usury), other than compulsory counterclaims and other than the payment in full in cash of the Guaranteed Obligations; and 

(vi) any defense based on or afforded by any applicable law that limits the liability of or exonerates guarantors or sureties
or that may in any other way conflict with the terms of this Guaranty. 
 4. No Subrogation. Each Guarantor hereby waives and agrees
that, until satisfaction of the Termination Requirements, it will not exercise or seek to exercise any claim or right that it may have against the Borrower or any other Guarantor at any time as a result of any payment

  
 7 

 
made under or in connection with this Guaranty or the performance or enforcement hereof, including any right of subrogation to the rights of any of the Guaranteed Parties against the
Borrower or any other Guarantor, any right of indemnity, contribution or reimbursement against the Borrower or any other Guarantor (including rights of contribution as set forth in Section 1(c)), any right to enforce any remedies of any
Guaranteed Party against the Borrower or any other Guarantor, or any benefit of, or any right to participate in, any collateral or other security held by any Guaranteed Party to secure payment of the Guaranteed Obligations, in each case whether such
claims or rights arise by contract, statute (including without limitation the Bankruptcy Code), common law or otherwise; provided, however, that a Guarantor may enforce the rights of contribution set forth in Section 1(c)
after satisfaction of the Termination Requirements. Each Guarantor further agrees that all indebtedness and other obligations, whether now or hereafter existing, of the Borrower or any other Subsidiary of the Borrower to such Guarantor, including,
without limitation, any such indebtedness in any proceeding under the Bankruptcy Code and any intercompany receivables, together with any interest thereon, shall be, and hereby are, subordinated and made junior in right of payment to the Total
Obligations in accordance with the following sentence. Each Guarantor further agrees that if any amount shall be paid to or any distribution received by any Guarantor (i) on account of any such indebtedness at any time after the occurrence and
during the continuance of an Event of Default, or (ii) on account of any such rights of subrogation, indemnity, contribution or reimbursement at any time prior to the satisfaction of the Termination Requirements, such amount or distribution
shall be deemed to have been received and to be held in trust for the benefit of the Guaranteed Parties, and shall forthwith be delivered to the Administrative Agent in the form received (with any necessary endorsements in the case of written
instruments), to be applied against the Guaranteed Obligations, whether or not matured, in accordance with the terms of the applicable Credit Documents and without in any way discharging, limiting or otherwise affecting the liability of such
Guarantor under any other provision of this Guaranty. Additionally, in the event the Borrower or any Subsidiary of the Borrower becomes a “debtor” within the meaning of the Bankruptcy Code, the Administrative Agent shall be entitled, at
its option, on behalf of the Guaranteed Parties and as attorney-in-fact for each Guarantor, and is hereby authorized and appointed by each Guarantor, to file proofs of claim on behalf of each relevant Guarantor and vote the rights of each such
Guarantor in any plan of reorganization, and to demand, sue for, collect and receive every payment and distribution on any indebtedness of the Borrower or such Subsidiary to any Guarantor in any such proceeding, each Guarantor hereby assigning to
the Administrative Agent all of its rights in respect of any such claim, including the right to receive payments and distributions in respect thereof. Notwithstanding anything contained herein to the contrary, so long as no Event of Default has
occurred and is continuing, each Guarantor may receive and collect all indebtedness and other obligations, whether now or hereafter existing, of the Borrower or any other Subsidiary of the Borrower owing to such Guarantor including without
limitation intercompany receivables.  
 5. Representations and Warranties. Each Guarantor hereby represents and warrants to
the Guaranteed Parties as follows: 
 (a) Such Guarantor is a corporation duly organized, validly existing and in good standing under the
laws of the jurisdiction of its incorporation and has the full corporate power and authority to execute, deliver and perform this Guaranty and the other Credit Documents to which it is or will be a party, to own and hold its property and to engage
in its business as presently conducted. 

  
 8 

 (b) Such Guarantor has taken all necessary corporate action to execute, deliver and perform this
Guaranty and each of the other Credit Documents to which it is or will be a party, and has, or on any later date of execution and delivery will have, validly executed and delivered each of the Credit Documents to which it is or will be a party. This
Guaranty constitutes, and each of such other Credit Documents upon execution and delivery will constitute, the legal, valid and binding obligation of such Guarantor, enforceable against such Guarantor in accordance with its terms, except as
enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally or by general equitable principles or by principles of good faith and fair dealing (regardless of
whether enforcement is sough in equity or at law). 
 (c) The execution, delivery and performance by such Guarantor of this Guaranty and the
other Credit Documents to which it is a party, and compliance by it with the terms hereof and thereof, do not and will not (i) violate any provision of its articles or certificate of incorporation or bylaws, (ii) contravene any Requirement
of Law applicable to it, (iii) conflict with, result in a breach of or constitute (with notice, lapse of time or both) a default under any indenture, contract agreement, or other instrument to which it is a party, by which it or any of its
properties is bound or to which it is subject except where such conflict, breach or default would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect, or (iv) result in or require the creation or
imposition of any Lien upon any of its properties, other than Liens created pursuant to the Credit Documents. 
 (d) No consent, approval,
authorization or other action by, notice to, or registration or filing with, any Governmental Authority is or will be required as a condition to or otherwise in connection with the due execution, delivery and performance by such Guarantor of this
Guaranty and the other Credit Documents to which it is a party or the legality, validity or enforceability hereof or thereof other than consents and filings, the failure to obtain or make would not, individually or in the aggregate, have a Material
Adverse Effect. 
 (e) There are no actions, investigations, suits or proceedings pending or, to the knowledge of such Guarantor,
threatened, at law, in equity or in arbitration, before any court, other Governmental Authority or other Person, (i) against or affecting such Guarantor or any of its properties that could reasonably be expected to have a Material Adverse
Effect or (ii) with respect to this Guaranty or any of the other Credit Documents to which such Guarantor is a party. 
 (f) Such
Guarantor has been provided with a true and complete copy of the executed Credit Agreement, as in effect as of the date it became a party hereto, and its principal officers are familiar with the contents thereof, particularly insofar as the contents
thereof relate or apply to such Guarantor. 
 6. Financial Condition of Borrower. Each Guarantor represents that it has knowledge of
the Borrower’s financial condition and affairs and that it has adequate means to obtain from the Borrower on an ongoing basis information relating thereto and to the Borrower’s ability to pay and perform the Guaranteed Obligations, and
agrees to assume the responsibility 

  
 9 

 
for keeping, and to keep, so informed for so long as this Guaranty is in effect with respect to such Guarantor. Each Guarantor agrees that the Guaranteed Parties shall have no obligation to
investigate the financial condition or affairs of the Borrower for the benefit of any Guarantor nor to advise any Guarantor of any fact respecting, or any change in, the financial condition or affairs of the Borrower that might become known to any
Guaranteed Party at any time, whether or not such Guaranteed Party knows or believes or has reason to know or believe that any such fact or change is unknown to any Guarantor, or might (or does) materially increase the risk of any Guarantor as
guarantor, or might (or would) affect the willingness of any Guarantor to continue as a guarantor of the Guaranteed Obligations. 
 7.
Payments; Application; Set-Off. 
 (a) Each Guarantor agrees that, upon the failure of the Borrower to pay any Guaranteed
Obligations when and as the same shall become due (whether at the stated maturity, by acceleration or otherwise), and without limitation of any other right or remedy that any Guaranteed Party may have at law, in equity or otherwise against such
Guarantor, such Guarantor will, subject to the provisions of Section 1(b), forthwith pay or cause to be paid to the Administrative Agent, for the benefit of the Guaranteed Parties, an amount equal to the amount of the Guaranteed
Obligations then due and owing as aforesaid. 
 (b) All payments made by each Guarantor hereunder will be made in Dollars to the
Administrative Agent, without set-off, counterclaim or other defense and, in accordance with Section 2.17 of the Credit Agreement, free and clear of and without deduction for any Taxes, each Guarantor hereby agreeing to comply with and be bound
by the provisions of Section 2.17 of the Credit Agreement in respect of all payments made by it hereunder and the provisions of which Section are hereby incorporated into and made a part of this Guaranty by this reference as if set forth herein
at length. 
 (c) All payments made hereunder shall be applied in accordance with the provisions of Section 2.12 of the Credit
Agreement. For purposes of applying amounts in accordance with this Section 7(c), the Administrative Agent shall be entitled to rely upon any Guaranteed Party that has entered into a Permitted Hedge Agreement or Cash Management Agreement
with the Borrower for a determination (which such Guaranteed Party agrees to provide or cause to be provided upon request of the Administrative Agent) of the outstanding Guaranteed Obligations owed to such Guaranteed Party under any such Permitted
Hedge Agreement or Cash Management Agreement. Unless it has actual knowledge (including by way of written notice from any such Guaranteed Party) to the contrary, the Administrative Agent, in acting hereunder, shall be entitled to assume that no
Permitted Hedge Agreements or Cash Management Agreements, or Guaranteed Obligations in respect thereof are in existence between any Guaranteed Party and the Borrower. If any Lender or Affiliate thereof that is a party to a Permitted Hedge Agreement
or Cash Management Agreement with the Borrower (the obligations of the Borrower under which are Guaranteed Obligations) ceases to be a Lender or Affiliate thereof, such former Lender or Affiliate thereof shall nevertheless continue to be a
Guaranteed Party hereunder with respect to the Guaranteed Obligations under such Permitted Hedge Agreement or Cash Management Agreement. 

  
 10 

 (d) In the event that the proceeds of any such sale, disposition or realization are insufficient
to pay all amounts to which the Guaranteed Parties are legally entitled, the Guarantors shall be jointly and severally liable for the deficiency, together with interest thereon at the highest rate specified in any applicable Credit Document for
interest on overdue principal or such other rate as shall be fixed by applicable law, together with the costs of collection and all other fees, costs and expenses payable hereunder. 

(e) In addition to all other rights and remedies available under the Credit Documents or applicable law or otherwise, upon and at any time
after the occurrence and during the continuance of any Event of Default, each Guaranteed Party may, and each of their respective Affiliates is hereby authorized by each Guarantor, at any such time and from time to time, to the fullest extent
permitted by applicable law, without presentment, demand, protest or other notice of any kind, all of which are hereby knowingly and expressly waived by each Guarantor, to set off and to apply any and all deposits (general or special, time or
demand, provisional or final) and any other property at any time held (including at any branches or agencies, wherever located), and any other indebtedness at any time owing, by such Guaranteed Party or any such Affiliate to or for the credit or the
account of such Guarantor against any or all of the obligations of such Guarantor may be contingent or unmatured or are owed to a branch or office of such Guaranteed Party different from the branch or office holding such deposit or obligated on such
indebtedness. The rights of each Guaranteed Party and their respective Affiliates under this subsection are in addition to other rights and remedies (including other rights of setoff) that such Guaranteed Parties or their respective Affiliates may
have. Each Guaranteed Party agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff and application.

 8. No Waiver. The rights and remedies of the Guaranteed Parties expressly set forth in this Guaranty and the other Credit
Documents are cumulative and in addition to, and not exclusive of, all other rights and remedies available at law, in equity or otherwise. No failure or delay on the part of any Guaranteed Party in exercising any right, power or privilege shall
operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or privilege preclude any other or further exercise thereof or the exercise of any other right, power or privilege or be construed to be a waiver of any
Default or Event of Default. No course of dealing between any of the Guarantors and the Guaranteed Parties or their agents or employees shall be effective to amend, modify or discharge any provision of this Guaranty or any other Credit Document or
to constitute a waiver of any Default or Event of Default. No notice to or demand upon any Guarantor in any case shall entitle such Guarantor or any other Guarantor to any other or further notice or demand in similar or other circumstances or
constitute a waiver of the right of any Guaranteed Party to exercise any right or remedy or take any other or further action in any circumstances without notice or demand. 

9. Enforcement. The Guaranteed Parties agree that, except as provided in Section 7(c), this Guaranty may be enforced only
by the Administrative Agent, acting upon the instructions or with the consent of the Required Lenders as provided for in the Credit Agreement, and that no Guaranteed Party shall have any right individually to enforce or seek to enforce this Guaranty
or to realize upon any collateral or other security given to secure the payment and performance of the Guarantors’ obligations hereunder. The obligations of each Guarantor 

  
 11 

 
hereunder are independent of the Guaranteed Obligations, and a separate action or actions may be brought against each Guarantor whether or not action is brought against the Borrower or any other
Guarantor and whether or not the Borrower or any other Guarantor is joined in any such action. Each Guarantor agrees that to the extent all or part of any payment of the Guaranteed Obligations made by any Person is subsequently invalidated, declared
to be fraudulent or preferential, set aside or required to be repaid by or on behalf of any Guaranteed Party to a trustee, receiver or any other party under any Insolvency Laws (the amount of any such payment, a “Reclaimed Amount”),
then, to the extent of such Reclaimed Amount, this Guaranty shall continue in full force and effect or be revived and reinstated, as the case may be, as to the Guaranteed Obligations intended to be satisfied as if such payment had not been received;
and each Guarantor acknowledges that the term “Guaranteed Obligations” includes all Reclaimed Amounts that may arise from time to time. 

10. Amendments, Waivers, etc. No amendment, modification, waiver, discharge or termination of, or consent to any departure by any
Guarantor from, any provision of this Guaranty, shall be effective unless in a writing signed by the Administrative Agent and such of the Lenders as may be required under the provisions of the Credit Agreement to concur in the action then being
taken, and then the same shall be effective only in the specific instance and for the specific purpose for which given. 
 11. Addition,
Release of Guarantors. Each Guarantor recognizes that the provisions of the Credit Agreement require Persons that become Subsidiaries of the Borrower and that are not already parties hereto to become Guarantors hereunder by executing a Guarantor
Accession, and agrees that its obligations hereunder shall not be discharged, limited or otherwise affected by reason of the same, or by reason of the Administrative Agent’s actions in effecting the same or in releasing any Guarantor hereunder,
in each case without the necessity of giving notice to or obtaining the consent of any other Guarantor. 
 12. Continuing Guaranty; Term;
Successors and Assigns; Assignment; Survival. This Guaranty is a continuing guaranty and covers all of the Guaranteed Obligations as the same may arise and be outstanding at any time and from time to time from and after the date hereof, and
shall (i) remain in full force and effect until satisfaction of all of the Termination Requirements (provided that the provisions of clause (ii) of Section 1(a) shall survive any termination of this Guaranty),
(ii) be binding upon and enforceable against each Guarantor and its successors and assigns (provided, however, that no Guarantor may sell, assign or transfer any of its rights, interests, duties or obligations hereunder without
the prior written consent of the Lenders) and (iii) inure to the benefit of and be enforceable by each Guaranteed Party and its successors and assigns. Without limiting the generality of clause (iii) above, any Guaranteed Party may, in
accordance with the provisions of the Credit Agreement, assign all or a portion of the Guaranteed Obligations held by it (including by the sale of participations), whereupon each Person that becomes the holder of any such Guaranteed Obligations
shall (except as may be otherwise agreed between such Guaranteed Party and such Person) have and may exercise all of the rights and benefits in respect thereof granted to such Guaranteed Party under this Guaranty or otherwise. Each Guarantor hereby
irrevocably waives notice of and consents in advance to the assignment as provided above from time to time by any Guaranteed Party of all or any portion of the Guaranteed Obligations held by it and of the corresponding rights and interests of such
Guaranteed Party hereunder in connection therewith. All representations, warranties, covenants and agreements herein shall survive the execution and delivery of this Guaranty and any Guarantor Accession. 

  
 12 

 13. Governing Law; Submission to Jurisdiction; Waiver of Venue; Service of Process. 

(a) This Guaranty and the other Credit Documents shall (except as may be expressly otherwise provided in any Credit Document) be governed by,
and construed in accordance with, the law of the State of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but excluding all other choice of law and conflicts of law rules); provided that each Letter of
Credit shall be governed by, and construed in accordance with, the laws or rules designated in such Letter of Credit or application therefor or, if no such laws or rules are designated, the International Standby Practices of the International
Chamber of Commerce, as in effect from time to time (the “ISP”), and, as to matters not governed by the ISP, the laws of the State of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but
excluding all other choice of law and conflicts of law rules). 
 (b) Each Guarantor and the Borrower irrevocably and unconditionally agrees
that it will not commence any action, litigation or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against any Guaranteed Party or any Related Party thereof in any way relating to this
Guaranty or any other Credit Document or the transactions relating hereto or thereto, in any forum other than the courts of the State of New York sitting in New York City and of the United States District Court of the Southern District of New York,
and any appellate court from any thereof, and each of the parties hereto irrevocably and unconditionally submits to the jurisdiction of such courts and agrees that all claims in respect of any such action, litigation or proceeding may be heard and
determined in such state court or, to the fullest extent permitted by applicable law, in such federal court. Each of the parties hereto agrees that a final judgment in any such action, litigation or proceeding shall be conclusive and may be enforced
in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Guaranty or in any other Credit Document shall affect any right that a Guaranteed Party may otherwise have to bring any action or proceeding
relating to this Guaranty or any other Credit Document against the Borrower or its properties in the courts of any jurisdiction. 

(c) Each Guarantor and the Borrower irrevocably and unconditionally waives, to the fullest extent permitted by applicable law, any
objection that it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Guaranty or any other Credit Document in any court referred to in Section 11.2(b). Each of the parties
hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(d) Each party hereto irrevocably consents to service of process in the manner provided for notices in Section 11.4.
Nothing in this Guaranty will affect the right of any party hereto to serve process in any other manner permitted by applicable law. 

14. Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT

  
 13 

 
IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS GUARANTY OR ANY OTHER CREDIT DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR
THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT
OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS GUARANTY AND THE OTHER CREDIT DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION. 
 15. Notices. All notices and other communications provided for hereunder shall be in writing
(including telegraphic, telex, facsimile transmission or cable communication) and mailed, telegraphed, telexed, telecopied, cabled or delivered (a) if to any Guarantor, in care of the Borrower and at the Borrower’s address for notices set
forth in the Credit Agreement and (b) if to any Guaranteed Party, at its address for notices set forth in the Credit Agreement; or to such other address as any of the Persons listed above may designate for itself by like notice to the other
Persons listed above; and in each case, with copies to such other Persons as may be specified under the provisions of the Credit Agreement. All such notices and communications shall be deemed to have been given (i) if mailed as provided above
by any method other than overnight delivery service, on the third Business Day after deposit in the mails, (ii) if mailed by overnight delivery service, telegraphed, telexed, telecopied or cabled, when delivered for overnight delivery,
delivered to the telegraph company, confirmed by telex answerback, transmitted by telecopier or delivered to the cable company, respectively, or (iii) if delivered by hand, upon delivery; provided that notices and communications to the
Administrative Agent shall not be effective until received by the Administrative Agent. 
 16. Severability. To the extent any
provision of this Guaranty is prohibited by or invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in such jurisdiction, without prohibiting or
invalidating such provision in any other jurisdiction or the remaining provisions of this Guaranty in any jurisdiction. 
 17.
Construction. The headings of the various sections and subsections of this Guaranty have been inserted for convenience only and shall not in any way affect the meaning or construction of any of the provisions hereof. Unless the context
otherwise requires, words in the singular include the plural and words in the plural include the singular. 
 18. Counterparts;
Effectiveness. This Guaranty may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute
one and the same instrument. This Guaranty shall become effective, as to any Guarantor, upon the execution and delivery by such Guarantor of a counterpart hereof or a Guarantor Accession. 

[Signatures on the following pages] 

  
 14 

 IN WITNESS WHEREOF, each Guarantor has caused this Guaranty to be executed by its duly
authorized officers as of the date first above written.  
  

			
	[NAME OF GUARANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

 Accepted and agreed to: 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 as
Administrative Agent 
  

			
	By:	 	  

		 	Name:
		 	Title:

 (signatures continued) 

 The Borrower hereby joins in this Guaranty for purposes of evidencing its consent to, and
agreement to perform, the provisions of Section 13. 
  

			
	OLD DOMINION FREIGHT LINE, INC.
		
	By:	 	  

	Title:	 	

  

  
 2 

 EXHIBIT A 

GUARANTOR ACCESSION 

THIS GUARANTOR ACCESSION (this “Accession”), dated as of
                    ,             , is executed and delivered by [NAME OF NEW GUARANTOR],
a             corporation (the “Company”), pursuant to the Subsidiary Guaranty referred to hereinbelow. 

Reference is made to the Amended and Restated Credit Agreement, dated as of December 15, 2015, among Old Dominion Freight Line, Inc. (the
“Borrower”), the Lenders party thereto, and the Administrative Agent (as amended, modified or supplemented from time to time, the “Credit Agreement”). In connection with and as a condition to the initial and
continued extensions of credit under the Credit Agreement, the Borrower and certain of its subsidiaries have executed and delivered a Subsidiary Guaranty, dated as of             ,
            (as amended, restated, modified or supplemented from time to time, the “Subsidiary Guaranty”), pursuant to which such subsidiaries have guaranteed the payment
in full of the obligations of the Borrower under the Credit Agreement and the other Credit Documents (as defined in the Credit Agreement). Capitalized terms used herein without definition shall have the meanings given to them in the Subsidiary
Guaranty. 
 The Borrower has agreed under the Credit Agreement to cause each of its future subsidiaries to become a party to the Subsidiary
Guaranty as a guarantor thereunder. The Company is a subsidiary of the Borrower. The Company will obtain benefits as a result of the continued extension of credit to the Borrower under the Credit Agreement, which benefits are hereby acknowledged,
and, accordingly, desires to execute and deliver this Accession. Therefore, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and to induce the Lenders to
continue to extend credit to the Borrower under the Credit Agreement, the Company hereby agrees as follows: 
 1. The Company hereby joins
in and agrees to be bound by each and all of the provisions of the Subsidiary Guaranty as a Guarantor thereunder. In furtherance (and without limitation) of the foregoing, pursuant to Section 1 of the Subsidiary Guaranty, the Company hereby
irrevocably, absolutely and unconditionally, and jointly and severally with each other Guarantor, guarantees to the Guaranteed Parties the full and prompt payment, at any time and from time to time as and when due (whether at the stated maturity, by
acceleration or otherwise), of all of the Guaranteed Obligations, and agrees to pay or reimburse upon demand all Other Obligations, all on the terms and subject to the conditions set forth in the Subsidiary Guaranty. 

2. The Company hereby represents and warrants that after giving effect to this Accession, each representation and warranty contained in
Section 5 of the Subsidiary Guaranty is true and correct with respect to the Company as of the date hereof, as if such representations and warranties were set forth at length herein. 

 3. This Accession shall be a Credit Document (within the meaning of such term under the Credit
Agreement), shall be binding upon and enforceable against the Company and its successors and assigns, and shall inure to the benefit of and be enforceable by each Guaranteed Party and its successors and assigns. This Accession and its attachments
are hereby incorporated into the Subsidiary Guaranty and made a part thereof. 
 IN WITNESS WHEREOF, the Company has caused this
Accession to be executed under seal by its duly authorized officer as of the date first above written. 
  

			
	[NAME OF COMPANY]
		
	By:	 	  

		 	Name:
		 	Title:

  
 2EX-4.1

 Exhibit 4.1 

GENERAL DYNAMICS CORPORATION 401(k) PLAN 3.5 

(As Adopted Effective as of January 1, 2016) 

 TABLE OF CONTENTS 

 

							
	ARTICLE I INTRODUCTION & PLAN HISTORY	  	 	1	  
	 1.01
	 	Introduction	  	 	1	  
	 1.02
	 	History and Effective Date	  	 	1	  
	 1.03
	 	Employers	  	 	1	  
	 1.04
	 	Notices	  	 	2	  
	 1.05
	 	Funding of Benefits	  	 	2	  
	 1.06
	 	Exhibits and Plan Supplements	  	 	2	  
		
	ARTICLE II DEFINITIONS	  	 	2	  
	 2.01
	 	Account	  	 	2	  
	 2.02
	 	Active Participant	  	 	3	  
	 2.03
	 	Affiliated Group	  	 	3	  
	 2.04
	 	After-Tax Contributions	  	 	3	  
	 2.05
	 	Authorized Leave of Absence	  	 	3	  
	 2.06
	 	Beneficiary	  	 	3	  
	 2.07
	 	Company	  	 	4	  
	 2.08
	 	Company Stock or Shares	  	 	4	  
	 2.09
	 	Continuous Service	  	 	4	  
	 2.10
	 	Contributions	  	 	4	  
	 2.11
	 	Deferral Pay	  	 	4	  
	 2.12
	 	Disability	  	 	5	  
	 2.13
	 	Effective Date	  	 	5	  
	 2.14
	 	Eligible Employee	  	 	5	  
	 2.15
	 	Employee	  	 	5	  
	 2.16
	 	Employer or Employing Unit	  	 	6	  
	 2.17
	 	Employer Contributions	  	 	6	  
	 2.18
	 	401(k) Contributions	  	 	6	  
	 2.19
	 	Highly Compensated Employee	  	 	6	  
	 2.20
	 	Hour of Service	  	 	7	  
	 2.21
	 	Inactive Participant	  	 	7	  
	 2.22
	 	Internal Revenue Code and ERISA	  	 	7	  
	 2.23
	 	Investment Committee	  	 	7	  
	 2.24
	 	Other General Dynamics Corporation 401(k) Plan	  	 	7	  
	 2.25
	 	Participant	  	 	7	  
	 2.26
	 	Plan Administrator	  	 	7	  
	 2.27
	 	Plan Year	  	 	7	  
	 2.28
	 	Qualified Military Service	  	 	7	  
	 2.29
	 	Qualified Reservist Distributions	  	 	8	  
	 2.30
	 	Rollover Contributions	  	 	8	  
	 2.31
	 	Roth Elective Deferrals	  	 	8	  
	 2.32
	 	Spouse	  	 	8	  
	 2.33
	 	Stock Fund Fiduciary	  	 	8	  
	 2.34
	 	Valuation Date	  	 	8	  
	 2.35
	 	Vested Account	  	 	8	  

  
 i 

							
	ARTICLE III PARTICIPATION	  	 	8	  
	 3.01
	 	Eligibility and Commencement of Participation	  	 	8	  
	 3.02
	 	Active Participation	  	 	10	  
	 3.03
	 	Inactive Participation	  	 	10	  
	 3.04
	 	Limited Participation by Beneficiary or Alternate Payee	  	 	10	  
	 3.05
	 	Termination of Participation	  	 	10	  
	 3.06
	 	Transfer of Employment	  	 	10	  
	 3.07
	 	Leased Employees	  	 	11	  
		
	ARTICLE IV PARTICIPANT CONTRIBUTIONS	  	 	11	  
	 4.01
	 	401(k) Contributions	  	 	11	  
	 4.02
	 	Payment of Participant Contributions	  	 	11	  
	 4.03
	 	After-Tax Contributions	  	 	12	  
	 4.04
	 	Variation, Discontinuance and Resumption of Participant Contributions	  	 	12	  
	 4.05
	 	Maximum Amount of Participant Contributions	  	 	12	  
	 4.06
	 	Rollover Contributions	  	 	12	  
	 4.07
	 	Vesting	  	 	13	  
	 4.08
	 	Catch-up Contributions	  	 	13	  
	 4.09
	 	Amounts Limited	  	 	13	  
	 4.10
	 	Roth Elective Deferrals	  	 	14	  
		
	ARTICLE V EMPLOYER CONTRIBUTIONS	  	 	15	  
	 5.01
	 	Employer Matching Contributions	  	 	15	  
	 5.02
	 	Employer Discretionary Contribution	  	 	15	  
	 5.03
	 	Limitations on Employer Contributions	  	 	16	  
	 5.04
	 	Payment of Employer Contributions	  	 	16	  
	 5.05
	 	Verification of Employer Contributions	  	 	16	  
	 5.06
	 	No Interest in Employers	  	 	16	  
		
	ARTICLE VI INVESTMENT OF CONTRIBUTIONS	  	 	17	  
	 6.01
	 	The Investment Funds	  	 	17	  
	 6.02
	 	Investment Fund Elections	  	 	18	  
	 6.03
	 	Investment Fund Transfers	  	 	18	  
	 6.04
	 	Diversification	  	 	19	  
	 6.05
	 	Purchase of Company Stock	  	 	19	  
	 6.06
	 	Voting of Company Stock	  	 	19	  
	 6.07
	 	Tender Offers	  	 	20	  
	 6.08
	 	Additional Restrictions	  	 	21	  
	 6.09
	 	Special Fiduciary Provisions Concerning Company Stock	  	 	21	  
	 6.10
	 	No Obligation to Acquire Securities	  	 	22	  
	 6.11
	 	General Dynamics Stock Fund.	  	 	22	  
	 6.12
	 	Self-Directed Brokerage Window	  	 	23	  
	 6.13
	 	Managed Account	  	 	23	  
		
	ARTICLE VII VESTING AND FORFEITURES	  	 	24	  
	 7.01
	 	General	  	 	24	  
	 7.02
	 	Vested Account	  	 	24	  

  
 ii 

							
	 7.03
	 	Forfeitures	  	 	25	  
	 7.04
	 	Value Upon Distribution	  	 	27	  
		
	ARTICLE VIII DISTRIBUTIONS UPON RETIREMENT, TERMINATION OR DEATH	  	 	27	  
	 8.01
	 	Right to Payment	  	 	27	  
	 8.02
	 	Form of Payment	  	 	28	  
	 8.03
	 	Distributions Made in Cash or Shares	  	 	29	  
	 8.04
	 	Commencement of Payment	  	 	29	  
	 8.05
	 	Deferral of Payment	  	 	29	  
	 8.06
	 	Designation of Beneficiary	  	 	30	  
	 8.07
	 	Special Rules for Distribution In Case of Death	  	 	30	  
	 8.08
	 	Missing Participants or Beneficiaries	  	 	31	  
	 8.09
	 	Direct Rollovers	  	 	31	  
	 8.10
	 	Distribution to Alternate Payees	  	 	32	  
	 8.11
	 	Loans to Participants	  	 	33	  
	 8.12
	 	Hardship Withdrawal of Compensation Deferral Contributions	  	 	34	  
	 8.13
	 	In-Service Withdrawals	  	 	35	  
	 8.14
	 	ESOP Dividend Distribution Election	  	 	36	  
		
	ARTICLE IX PLAN ACCOUNTING	  	 	36	  
	 9.01
	 	Separate Accounts	  	 	36	  
	 9.02
	 	Daily Accounting Dates	  	 	37	  
	 9.03
	 	Adjustment of Participants’ Accounts	  	 	37	  
	 9.04
	 	Allocation of Employer Contributions	  	 	37	  
	 9.05
	 	Crediting of Participant Contributions	  	 	37	  
	 9.06
	 	Charging Distributions	  	 	38	  
	 9.07
	 	Account Notices	  	 	38	  
	 9.08
	 	Statement of Account	  	 	38	  
	 9.09
	 	Contribution Limitations	  	 	38	  
	 9.10
	 	Allocation of Earnings to Distributions of Excess Contributions	  	 	39	  
	 9.11
	 	Limitation on Allocation of Contributions	  	 	39	  
	 9.12
	 	Qualified Separate Lines of Business	  	 	41	  
		
	ARTICLE X GENERAL PROVISIONS	  	 	41	  
	 10.01
	 	Fiduciary Responsibilities	  	 	41	  
	 10.02
	 	Fiduciary Liability	  	 	42	  
	 10.03
	 	Administration of the Plan	  	 	42	  
	 10.04
	 	Investment Committee	  	 	42	  
	 10.05
	 	Delegation	  	 	42	  
	 10.06
	 	Employment of Agents	  	 	43	  
	 10.07
	 	Action by Employers	  	 	43	  
	 10.08
	 	Information Required by Company	  	 	43	  
	 10.09
	 	Review of Benefit Determinations	  	 	43	  
	 10.10
	 	Company’s Decision Final	  	 	43	  
	 10.11
	 	Action by Company	  	 	44	  
	 10.12
	 	Waiver of Notice	  	 	44	  
	 10.13
	 	Gender and Number	  	 	44	  

  
 iii 

							
	 10.14
	 	Controlling Law	  	 	44	  
	 10.15
	 	Employment Rights	  	 	44	  
	 10.16
	 	Litigation by Participants	  	 	44	  
	 10.17
	 	Interests Not Transferable	  	 	44	  
	 10.18
	 	Absence of Guaranty	  	 	44	  
	 10.19
	 	Evidence	  	 	44	  
	 10.20
	 	Indemnification	  	 	44	  
	 10.21
	 	Unclaimed Distributions	  	 	45	  
	 10.22
	 	Plan Expenses	  	 	45	  
	 10.23
	 	Disaster Relief	  	 	46	  
	 10.24
	 	Statute of Limitations	  	 	46	  
	 10.25
	 	Mitigation	  	 	46	  
		
	ARTICLE XI AMENDMENT AND TERMINATION	  	 	46	  
	 11.01
	 	Amendment	  	 	46	  
	 11.02
	 	Termination	  	 	47	  
	 11.03
	 	Vesting and Distribution on Termination	  	 	47	  
	 11.04
	 	Notice of Amendment or Termination	  	 	48	  
	 11.05
	 	Plan Merger, Consolidation, etc.	  	 	48	  
		
	ARTICLE XII SPECIAL RULES FOR TOP-HEAVY PLANS	  	 	48	  
	 12.01
	 	Purpose and Effect	  	 	48	  
	 12.02
	 	Top-Heavy Plan	  	 	48	  
	 12.03
	 	Key Employee	  	 	49	  
	 12.04
	 	Minimum Vesting	  	 	49	  
	 12.05
	 	Minimum Employer Contribution	  	 	49	  
	 12.06
	 	Aggregate of Plans	  	 	50	  
	 12.07
	 	No Duplication of Benefits	  	 	50	  
	 12.08
	 	Adjustment of Combined Benefit Limitations	  	 	50	  
	 12.09
	 	Use of Terms	  	 	50	  
		
	ARTICLE XIII HEART ACT PROVISIONS	  	 	50	  
	 13.01
	 	Death Benefits	  	 	50	  
	 13.02
	 	Differential Wage Payments	  	 	50	  
	 13.03
	 	Severance From Employment	  	 	51	  
		
	Supplement A - General Dynamics Information Technology	  	 	52	  

  
 iv 

 ARTICLE I 

INTRODUCTION & PLAN HISTORY 

1.01 Introduction. The General Dynamics Corporation 401(k) Plan 3.5 (As Adopted Effective as of January 1, 2016) (the
“Plan”) is maintained by General Dynamics Corporation (the “Company”), a Delaware Corporation. The purposes of the Plan are to encourage thrift on the part of eligible employees by furnishing them with an incentive to save for
the future and to give them an opportunity to become more interested in the affairs of the Company through investing in the General Dynamics Stock Fund. The Plan is intended to be a profit sharing plan with a Code Section 401(k) feature and a
Code Section 401(m) feature. A portion of the General Dynamics Stock Fund is designated as a stock bonus plan and an employee stock ownership plan (“ESOP”), as defined in Code Section 4975(e)(7). In the event that any provision
of the Plan relating to the ESOP conflicts with any applicable ESOP requirements set forth in the Code or any regulations thereunder, the Plan shall be construed and administered to conform to such requirements. The Plan is intended to be a safe
harbor plan under Code Section 401(k)(12) with a qualified automatic contribution arrangement under Code Section 401(k)(13). 

1.02 History and Effective Date. This Plan is established effective as of January 1, 2016. Certain of the balances subject to the
terms of the Plan were transferred on the Effective Date, either from the General Dynamics Corporation 401(k) Plan 3.0, which received a favorable determination letter issued by the Internal Revenue Service on September 20, 2013, or from the
General Dynamics Corporation 401(k) Plan 4.5, which received a favorable determination letter issued by the Internal Revenue Service on September 23, 2013. On the Effective Date, the Arma 401(k) Employee Savings Plan, a prototype plan which
received a favorable determination letter issued by the Internal Revenue Service on March 31, 2008, shall be merged into the Plan. 

1.03 Employers. Any subsidiary, affiliate or business unit of the Company that is a member of the Affiliated Group may become an
Employer with the Company’s consent, provided such consent is indicated by amendment to the Plan. Notwithstanding anything to the contrary, employees of any subsidiary, affiliate or business unit that become employees of the Company or of its
controlled group of corporations (as defined in Code Section 414(b)) by reason of any acquisition, merger or other corporate transaction shall not be permitted to participate in the Plan (a) in the absence of any express provision for
their participation in any Supplement (as defined herein) or (b) in the event that such employees continue to actively participate in any similar plan for which the Company or any of its affiliates, subsidiaries or business units assumes or
maintains sponsorship. A “subsidiary” of the Company is any legal entity of which more than 50 percent of the voting stock, units or other ownership interests thereof is owned, directly or indirectly, by the Company. An
“affiliate” of the Company is any legal entity of which more than 50 percent of the voting stock, units or other ownership interests thereof is owned, directly or indirectly, by the owner or owners of more than 50 percent of the voting
stock of the Company. A “business unit” of the Company is any subsidiary or affiliate of the Company or any economic or organizational or locational division or unit thereof. The Company and any stand-alone subsidiaries, affiliates or
business units of the Company which participate in the Plan are referred to below collectively as the “Employers” or “Employing Units” and sometimes individually as an “Employer” or an “Employing Unit.” 

  
 1 

 1.04 Notices. Any notice or document required to be given to or filed with the Company
will be properly given or filed if delivered or mailed, by registered mail, postage prepaid, to the Company, at the address provided from time to time in the summary plan description or any summary of material modifications thereto. 

1.05 Funding of Benefits. Funds contributed under the Plan are held and invested in a trust fund (the “Trust Fund”), until
distribution, by a trustee appointed by the Company or the Investment Committee (the “Trustee”) in accordance with the terms of a trust agreement between the Investment Committee and/or the Company on the one hand, and the Trustee on the
other which implements and forms a part of the Plan (the “Trust Agreement”). Participation and benefits under the Plan are subject to the terms and provisions of the Plan and the Trust Agreement. 

1.06 Exhibits and Plan Supplements. From time to time, the Company may adopt exhibits to the Plan for the purpose of setting forth
specific provisions of this Plan (“Exhibits”). In addition, the Company may from time to time adopt supplements to this Plan document for the purpose of providing documentation necessary to determine benefits under the Plan for certain
employee groups and Employing Units (“Supplements”). An Exhibit or Supplement may provide for additional benefits, substitute one benefit for another or provide for more restrictive benefits than those found in the main body of this Plan
document. Exhibits and Supplements may also include provisions to preserve benefits attributable to such Employees’ participation in a plan of the Employing Unit, predecessor of the Employing Unit or Affiliated Group, or to coordinate such
benefits with the benefits of the Plan. Each such Exhibit or Supplement shall be attached to and form a part of the Plan. Each Exhibit and Supplement shall specify the Employing Unit to which it applies and shall supersede the provisions of the Plan
document to the extent necessary to eliminate any inconsistencies between the Plan document and such Exhibits and Supplements. 
 ARTICLE
II  
 DEFINITIONS 

The following words and phrases shall have the respective meanings stated below unless a different meaning is plainly required by the context:

 2.01 Account. “Account” means the recordkeeping account to which Contributions are credited under this Plan, including
amounts transferred into this Plan, as described in Article IX. An Account may be divided into various sub-accounts, as determined by the Plan Administrator. Such Accounts and subaccounts, if any, are referred to herein collectively as the
“Account” or “Accounts,” and sometimes individually as the “Account.” To the extent necessary or desirable as determined by the Plan Administrator, each Account shall segregate income from contributions for the purpose
of properly recording distributions and/or withdrawals from the Participant’s Account. 

  
 2 

 2.02 Active Participant. “Active Participant” shall have the meaning set forth
in Section 3.02. 
 2.03 Affiliated Group. “Affiliated Group” means that group of corporations and entities comprising
the following: any corporation which is a member of a controlled group of corporations (as defined in Code Section 414(b)) which includes the Company; any trade or business (whether or not incorporated) which is under common control (as defined
in Code Section 414(c)) with the Company; any organization (whether or not incorporated) which is a Participant of an affiliated service group (as defined in Code Section 414(m)) which includes the Company; and any other entity required to
be aggregated with the Company pursuant to Regulations under Code Section 414(o) (collectively referred to herein as an “Affiliated Group Member”). 

2.04 After-Tax Contributions. “After-Tax Contributions” means the amount, if any, withheld from the Participant’s
paycheck on a non-deductible basis and contributed to the Plan as permitted under a specific provision of the Plan. 
 2.05 Authorized
Leave of Absence. “Authorized Leave of Absence” means a temporary paid or unpaid cessation from active employment with the Employer pursuant to an established nondiscriminatory policy, whether occasioned by illness, military service,
maternity or paternity reasons, or any other reason. An Authorized Leave of Absence shall include that portion of leave under the Family and Medical Leave Act, as amended (the “FMLA”) that is required to be credited by the FMLA. In
addition, the following shall be Authorized Leaves of Absence: 
  

	 	(a)	Armed Forces Leave. An absence due to service in the Armed Forces of the United States shall be considered an Authorized Leave of Absence provided that the Employee returns to employment with the Employer with
re-employment rights provided by federal law. 

  

	 	(b)	Maternity or Paternity Leave of Absence. For purposes of this Plan, a “maternity or paternity leave of absence” means an absence from work for any period by reason of the Employee’s pregnancy,
birth of the Employee’s child, placement of a child with the Employee in connection with the adoption of such child, or any absence for the purpose of caring for such child for a period immediately following such birth or placement. In the case
of such an absence, the 12-consecutive-month period beginning on the first anniversary of the first day of such absence shall not constitute a One-Year Break-in-Service under Section 7.02(f). The Plan Administrator shall determine, under rules
of uniform application and based on information provided to the Plan Administrator by the Employee, whether the Employee’s absence from work is due to “maternity or paternity leave of absence.” 

2.06 Beneficiary. “Beneficiary” has the meaning described in Section 8.06. 

  
 3 

 2.07 Company. “Company” means General Dynamics Corporation and any successor
thereto. 
 2.08 Company Stock or Shares. “Company Stock” or “Shares” means “qualifying employer
securities” of the Company as that term is defined in Code Section 4975(e)(8) (with reference to Code Section 409(l)(1)) to mean common stock issued by the Company which is readily tradable on an established securities market. 

2.09 Continuous Service. “Continuous Service” has the meaning described in Section 7.02(d). 

2.10 Contributions. “Contributions” means any 401(k) Contributions, Roth Elective Deferrals, After-Tax Contributions,
Employer Contributions, Rollover Contributions and other contributions allocated to a Participant’s Account. 
 2.11 Deferral
Pay. “Deferral Pay” (also known as “401(k) Eligible Pay”) means an Eligible Employee’s base pay or base rate of pay during such periods he or she is eligible to participate in the Plan, as reported by the Employing Unit,
prior to any reduction for 401(k) Contributions, and prior to any reduction for deferrals of regular salary under any other plan of deferred compensation or any flexible benefits, healthcare/dependent care spending accounts or cafeteria plan
maintained by the Company (e.g., plans qualified under Code Sections 132(f) or 125), as shown by the records of the Employing Unit or the Company, plus commissions, overtime, shift-differential or shift-premium, field differential or field premium
(provided that these payments are related to hours worked), vacation, sick and/or holiday pay, accrued vacation, sick and/or holiday pay paid after termination of employment that the Eligible Employee could have received if employment had continued,
cash payments provided in lieu of fringe benefits intended to satisfy prevailing wage obligations under the Service Contract Act, and cash bonuses such as business unit and executive compensation awards, performance awards or spot bonus awards
(including any related cash payments to cover taxes on such awards). Deferral Pay shall not include any equity awards or any other equity-related compensation (or any income resulting therefrom), taxable income from the exercise of certain stock
options, imputed income from life insurance or other health and welfare benefits, additional compensation for work performed outside an Eligible Employee’s regularly scheduled tour of duty, expatriate related allowances and payments for living
overseas, taxable fringe benefits and non-cash prizes (including any related cash payments to cover taxes thereon), severance, separation or supplemental unemployment benefit payments, pay that is otherwise deferred under or paid from a
non-qualified deferred compensation plan, business expense reimbursements or other expense allowances (unless paid under a non-accountable plan), reimbursement of taxable moving expenses or other income that is imputed income or a tax gross-up
relating to a move or relocation, taxable income from the distribution of excess 401(k) Contributions, hardship distributions, defaulted Plan loans, legal settlements of any kind or such other items of remuneration as the Plan Administrator shall
determine to be not related to the performance of personal services. No compensation shall be included as Deferral Pay pursuant to the preceding sentence unless reflected in an amendment to the Plan. For Plan Years commencing on or after
January 1, 2016, Deferral Pay shall not include annual compensation in excess of $265,000 per year, or such other amount, as adjusted for cost-of-living increases as may be determined under Code Section 401(a)(17) or any successor
provision thereto. 

  
 4 

 2.12 Disability. “Disability” means when the Plan Administrator is notified by
the Employing Unit that a Participant is determined to be disabled under the terms of his or her Employing Unit’s applicable long-term disability plan or when a Participant is determined to be disabled by the Social Security Administration. An
individual who elects an installment form of distribution of his or her Vested Account by reason of Disability may be required to submit to a medical examination at any time by the Plan Administrator, but not more often than once every six
(6) months, to determine whether he or she is eligible for continuance of further installment payments. If the Plan Administrator is notified by the Employing Unit that such individual prior to attaining age sixty-five (65) is no longer
disabled under the terms of his or her Employing Unit’s applicable long-term disability plan or is no longer found to be disabled by the Social Security Administration and such individual returns to active status with the Company, the
distribution of his or her Vested Account shall cease. In the event that such individual shall fail within thirty (30) days after receiving notice to submit to medical examinations, his or her installment distribution payments may be
discontinued at the discretion of the Plan Administrator until he or she has submitted to such examination, after which his or her continued eligibility may be determined as provided above. The medical examinations provided herein shall be made by a
competent physician or physicians or clinic or hospital selected by the Plan Administrator. 
 2.13 Effective Date. “Effective
Date” shall have the meaning set forth in Section 1.02. 
 2.14 Eligible Employee. “Eligible Employee” means an
Employee who is employed by an Employing Unit and is described in a Supplement. However, the term “Eligible Employee” shall not include: 
  

	 	(a)	Union Represented Employees: Employees whose employment is governed by the terms of a collective bargaining agreement between Employee representatives (within the meaning of Code Section 7701(a)(46)) and an
Affiliated Group Member, under which retirement benefits were the subject of good faith bargaining between the parties, will not be eligible to participate in this Plan unless such agreement expressly provides for coverage under this Plan;

  

	 	(b)	Non-resident Aliens: Employees who are nonresident aliens (within the meaning of Code Section 7701(b)(1)(B)) and who receive no earned income (within the meaning of Code Section 911(d)(2)) from the
Employer which constitutes income from sources within the United States (within the meaning of Code Section 861(a)(3)); and 

  

	 	(c)	Leased Employees: Employees who are leased employees within the meaning of Code Sections 414(n)(2) and 414(o)(2) and as defined in Section 3.07 of this Plan. 	 

 2.15 Employee. “Employee” means a salaried employee of an Affiliated Group Member or
of an Employing Unit. The term “Employee” excludes (a) any individual classified by the Affiliated Group Member or Employing Unit as an independent contractor in respect of his or her services for the Affiliated Group Member or
Employing Unit; (b) any individual 

  
 5 

 
whose compensation for services to the Affiliated Group Member or Employing Unit is reported on IRS Form 1099; (c) any individual whose compensation for services to the Affiliated Group
Member or Employing Unit is paid from a payroll or other account of another employer under contract with the Affiliated Group Member or Employing Unit; or (d) any individual who is not paid from the Affiliated Group Member’s or
Employing Unit’s payroll account or with respect to whom the Affiliated Group Member or Employing Unit does not issue an IRS Form W-2 (or any replacement form). Such exclusion shall not be affected by the Affiliated Group Member’s or
Employing Unit’s misclassification of the individual’s employment status, or a determination by a court, government agency, arbitrator, or other authority that the individual is or was a common law employee of the Affiliated Group Member
or Employing Unit, or that the Affiliated Group Member or Employing Unit is or was a common law employer, joint employer, single employer, or co-employer of the individual. 

For example, this provision excludes from participation in the Plan workers commonly referred to as contract employees, job-shoppers, independent contractors,
consultants, and leased employees (including “leased employees” as that term is used in Code Section 414(n) regardless of whether such leased employees have completed the 12-month waiting period described in Code
Section 414(n)). To the extent required by Code Section 414(n), a “leased employee,” as defined in Section 3.07, shall be treated as an Employee but shall not be eligible to participate in the Plan. To the extent required by
Code Section 414(o), individuals who are not otherwise Employees shall be treated as Employees but shall not be eligible to participate in this Plan. 

2.16 Employer or Employing Unit. “Employer” or “Employing Unit” shall have the meaning set forth in
Section 1.03. 
 2.17 Employer Contributions. “Employer Contributions” means the amounts contributed to the Plan by an
Employer on a Participant’s behalf pursuant to Section 5.01 or 5.02 of the Plan. 
 2.18 401(k) Contributions. “401(k)
Contributions” means the amounts contributed (on a before-tax basis) to the Plan by an Employer on the Participant’s behalf pursuant to the Participant’s valid election. A Participant shall at all times be 100% vested in his or her
401(k) Contributions and earnings thereon. 
 2.19 Highly Compensated Employee. A “Highly Compensated Employee” means any
present or former employee who: 
  

	 	(a)	was a 5% owner of an Employer during the current or immediately preceding Plan Year; or 

  

	 	(b)	received annual compensation from an Employer of more than $120,000 during the immediately preceding Plan Year (as adjusted for under Code Section 414(q)(1)(B) or any successor provision thereto), and, if the Plan
Administrator elects for such year, was in the top-paid 20% of the Employees for such year. 

 For purposes of the foregoing,
an Employee’s compensation means his or her total compensation for services rendered to the Employer as an Employee, determined in 

  
 6 

 
accordance with Section 415(c)(3) of the Code, but including pre-tax deferrals or payments made pursuant to Sections 125 and 402(e)(3) of the Code and including any such deferrals or
payments made pursuant to Code Section 132(f). 
 2.20 Hour of Service. “Hour of Service” means each hour for which an
individual is paid, or entitled to payment, for any reason by the Affiliated Group or for which back pay, irrespective of mitigation of damages, is either awarded or agreed to by the Affiliated Group. In any event, the determination of the meaning
of “Hour of Service” shall always be made in accordance with Department of Labor Regulation Section 2530.200b-2 or any successor provision thereto. 

2.21 Inactive Participant. “Inactive Participant” shall have the meaning set forth in Section 3.03. 

2.22 Internal Revenue Code and ERISA. “Internal Revenue Code,” or “Code,” and “ERISA” mean, respectively,
the Internal Revenue Code of 1986, as amended, and the Employee Retirement Income Security Act of 1974, as amended. Any reference to a Section of the Internal Revenue Code or of ERISA shall include any comparable Section or
Sections of any current or future legislation, regulation (including, to the extent relied upon by the Plan Administrator, any temporary or proposed regulations) or issuance that amends, interprets, supplements or supersedes that Section. 

2.23 Investment Committee. “Investment Committee” shall mean the committee described in Section 10.04. 

2.24 Other General Dynamics Corporation 401(k) Plan. “Other General Dynamics Corporation 401(k) Plan” means the
(a) General Dynamics Corporation 401(k) Plan for Represented Employees, (b) General Dynamics Corporation 401(k) Plan 3.0, (c) General Dynamics Corporation 401(k) Plan 4.5, (d) General Dynamics Corporation 401(k) Plan 5.0, or
(e) General Dynamics Corporation 401(k) Plan 6.0. 
 2.25 Participant. “Participant” shall mean each Eligible Employee
as further described in Section 3.01 (or as otherwise indicated under Section 3.03). 
 2.26 Plan Administrator. “Plan
Administrator” means the Company. 
 2.27 Plan Year. “Plan Year” means the 12 month period beginning on
January 1st and ending on the following December 31st. 
 2.28 Qualified Military Service. “Qualified Military
Service” has the meaning set forth in Section 414(u) of the Code. Notwithstanding any provision of this Plan to the contrary and effective with respect to reemployment occurring on or after December 12, 1994, contributions, benefits
and service credit with respect to Qualified Military Service will be provided in accordance with Section 414(u) of the Code and the mandatory provisions of the Heroes Earnings Assistance and Relief Tax Act of 2008 as of the effective dates
specified for such provisions in that act. Loan repayments will be suspended under this Plan during such service as permitted under Section 414(u) of the Code. 

  
 7 

 2.29 Qualified Reservist Distributions. “Qualified Reservist Distribution” has
the meaning set forth in Section 72(t) of the Code. Qualified Reservist Distributions will be permitted in accordance with Section 72(t) of the Code. A Participant taking a qualified reservist distribution will be permitted to repay the
Plan any portion of that qualified reservist distribution during the two-year period following the end of the Participant’s military leave. 

2.30 Rollover Contributions. “Rollover Contributions” means the amount, if any, contributed to a Participant’s Account
pursuant to Section 4.06 of the Plan. 
 2.31 Roth Elective Deferrals. “Roth Elective Deferrals” means the amounts
contributed to the Plan by the Employer on the Participant’s behalf pursuant to the Participant’s valid election which is treated by the Company as includible in the Participant’s income at the time the Participant would have received
that amount in cash if the Participant had not made a cash or deferred election. A Roth Elective Deferral must be designated irrevocably by the Participant at the time of the cash or deferred election as a Roth Elective Deferral that is being made
in lieu of all or a portion of the pre-tax elective deferrals the Participant is otherwise eligible to make under the Plan. A Participant shall at all times be 100% vested in his or her Roth Elective Deferrals and earnings thereon. 

2.32 Spouse. “Spouse” or “spousal,” whether capitalized or not, means an individual lawfully married under the law
of any U.S. state, any U.S. territory or possession, or any foreign jurisdiction with legal authority to sanction marriages. Spouse or spousal shall be construed to be consistent with and to give effect to Department of Labor Technical Release
2013-04, Internal Revenue Service Revenue Ruling 2013-17, Internal Revenue Service Notice 2014-19 and any subsequent guidance related thereto. 

2.33 Stock Fund Fiduciary. “Stock Fund Fiduciary” shall mean that entity appointed by the Investment Committee to serve as
the independent fiduciary and investment manager of the General Dynamics Stock Fund. 
 2.34 Valuation Date. “Valuation
Date” means each day the New York Stock Exchange is open for business and Participants’ Accounts are adjusted under the Plan. 

2.35 Vested Account. “Vested Account” means that portion of a Participant’s Account in which he is 100% vested. 

ARTICLE III 

PARTICIPATION 

3.01 Eligibility and Commencement of Participation. The Plan includes a qualified automatic contribution arrangement (within the
meaning of Code Section 401(k)(13)) and the following provisions shall apply to a new Eligible Employee: 
  

	 	(a)	 Each Employee who becomes an Eligible Employee as a result of transferring into the Plan on January 1, 2016, and who has not made an election
under his or her transferor plan to contribute at least 6% shall (i) if contributing zero, be automatically enrolled with 6% of his or her Deferral 

  
 8 

	 	
Pay contributed on a before-tax basis, or (ii) if contributing an amount greater than zero and less than 6%, be automatically increased, with the increased contributions made on a before-tax
basis, so that 6% of his or her Deferral Pay is contributed; in each case, unless an affirmative election is made to the contrary. An Eligible Employee who is hired or rehired on or after January 1, 2016, or whose eligibility for the Plan on or
after January 1, 2016 results from an employment transfer from an Affiliated Group Member is immediately eligible and shall automatically have 6% of his or her Deferral Pay contributed on a before-tax basis, unless an affirmative election is
made to the contrary. 

  

	 	(b)	Any such automatic enrollment under Section 3.01(a) shall be effective within a reasonable period of time, as determined by the Plan Administrator, after which the notice described in Section 3.01(c) below is
provided, which shall be no later than the earlier of (i) the pay date for the second pay period that begins after such notice is provided, or (ii) the first pay date that occurs at least 30 days after such notice is provided.

  

	 	(c)	Each Eligible Employee described in Section 3.01(a) above shall be provided a notice which explains the Employee’s rights with respect to the automatic enrollment, including information about the level of
401(k) Contributions which will be made on the Employee’s behalf if the Eligible Employee does not make an affirmative election to the contrary, the Employee’s right to elect not to have such automatic 401(k) Contributions made on the
Employee’s behalf (or to elect to have such 401(k) Contributions made in a different amount), how the automatic contributions made pursuant to this Section 3.01 will be invested in the absence of an affirmative investment election, and
such other information as is required by applicable regulations. Such notice shall be provided in sufficient time to allow the Employee a reasonable period of time after receipt of such notice and before the first 401(k) Contribution is made
pursuant to this Section 3.01 in order to make an affirmative election to the contrary. Such notice shall also be provided to each Eligible Employee within a reasonable period of time before the first day of each Plan Year (which is deemed
satisfied if such notice is provided at least 30 days and no more than 90 days before the beginning of each Plan Year). 

  

	 	(d)	Any such automatic enrollment contribution made pursuant to this Section 3.01 shall cease to apply if an Eligible Employee makes an affirmative election either not to have 401(k) Contributions made to the Plan on
his or her behalf or to have such contributions made to the Plan at a different rate specified by the Employee. Such affirmative election shall be effective, in accordance with uniform procedures established by the Plan Administrator, as soon as
practicable after it is made, but in no event retroactively. 

  
 9 

	 	(e)	Subject to the limits of Article IV, and effective as of the date determined by the Plan Administrator, the Plan Administrator may increase the automatic contribution provided for by this Section 3.01 in accordance
with any rules established and communicated by the Plan Administrator. 

 Any other Eligible Employee not described in Section 3.01(a)
above may elect to participate in the Plan by complying with enrollment procedures and authorizing a deferral of Deferral Pay at such time and in such manner as the Company may prescribe. Each such Eligible Employee shall become a Participant in the
Plan as soon as administratively feasible after electing enrollment and complying with enrollment procedures. The Plan Administrator will furnish each such Participant and each beneficiary receiving benefits thereunder with a copy of a summary plan
description. 
 3.02 Active Participation. A Participant who is eligible to make 401(k) Contributions (regardless of whether such
contributions are actually made) or whose right to do so has been temporarily suspended for any reason, and who has an Account balance under the Plan, is an Active Participant and is eligible to receive contributions under Article V. Each
Participant shall participate in the Plan under the terms and conditions of the Supplement applicable to that Participant’s current Employing Unit. 

3.03 Inactive Participation. A Participant shall be an Inactive Participant when he is no longer an Eligible Employee but maintains an
Account balance. An Inactive Participant is not eligible to make a 401(k) Contributions election, nor may he receive contributions under Article V, but he may continue to make investment transfer and distribution decisions, as provided for by
the Plan. Where the context permits, Inactive Participants and Active Participants are referred to collectively as “Participants.” 

3.04 Limited Participation by Beneficiary or Alternate Payee. If a Participant dies before his or her Account balance is reduced to
zero, his or her Beneficiary shall be deemed a Participant for the limited and exclusive purposes of administering the deceased Participant’s Account and distributing the same. Any “Alternate Payee” identified in a Qualified Domestic
Relations Order (as defined by Section 414(p) of the Code) shall be deemed a Participant for the limited and exclusive purposes of administering the Alternate Payee’s interest in the Plan and distributing the same. 

3.05 Termination of Participation. An individual who has become a Participant shall remain an Active Participant or an Inactive
Participant, as appropriate, until he or she dies or his or her Account balance is reduced to zero. 
 3.06 Transfer of Employment.
Any change in employment status which causes a Participant who remains employed by the Affiliated Group to cease to be an Eligible Employee shall not be considered to be a termination of employment for purposes of Section 7.02(e), but such
Participant shall cease to be an Active Participant and shall become an Inactive Participant. Any transfer from one Affiliated Group Member to another will not be treated as a termination of employment for purposes of Section 7.02(e) of this
Plan. In the event of any such transfers between different Supplements in the Plan, or any such transfer between the Plan and an Other General Dynamics Corporation 401(k) Plan, such Participant and his or her Contributions,

  
 10 

 
prospectively from the date of any such transfer, will cease to be governed by his or her prior Supplement and will be governed by the terms of his or her new Supplement in the Plan or in the
Other General Dynamics Corporation 401(k) Plan in the event such Participant contributes to any such plan. In the event of any such transfers between different Supplements within the Plan, any contribution and investment elections under the prior
Supplement will apply in the new Supplement until changed by the Participant if the applicable contribution rate structures and investment options, both before and after any such transfer, are the same. In the event of any such transfers between the
Plan and one of the Other General Dynamics Corporation 401(k) Plans, and unless otherwise provided by the Plan Administrator, the contribution and investment elections under this Plan will not apply in the Other General Dynamics Corporation 401(k)
Plan, and such Other General Dynamics Corporation 401(k) Plan’s rules with respect to enrollment shall apply. If such a transfer occurs between the Plan and one of the Other General Dynamics Corporation 401(k) Plan, the Participant’s
Account shall be transferred as soon as administratively practical following the date of the Participant’s transfer, in accordance with rules established by the Plan Administrator. 

3.07 Leased Employees. A “leased employee” shall not be eligible to participate in the Plan. Consistent with Code
Section 414(n), a “leased employee” means any person who has provided services for an Employing Unit under primary direction of or control by the Employing Unit, on a substantially full time basis for a period of at least one year,
pursuant to an agreement between the Employing Unit and a leasing organization. The period during which a leased employee performs services for the Employing Unit shall be taken into account for purposes of participation or service if such leased
employee becomes an Eligible Employee, unless (i) such leased employee is a participant in a money purchase pension plan maintained by the leasing organization which provides a non-integrated employer contribution rate of at least 10 percent of
compensation, immediate participation for all employees and full and immediate vesting, and (ii) leased employees do not constitute more than 20 percent of the Employing Unit’s non-highly compensated workforce. 

ARTICLE IV 

PARTICIPANT CONTRIBUTIONS 

4.01 401(k) Contributions. Subject to the limitations of this Article IV and the remainder of the Plan, each Eligible Employee who
becomes a Participant in the Plan pursuant to the automatic enrollment provisions of Section 3.01 of the Plan shall automatically have 6% of his or her Deferral Pay contributed on a before-tax basis to the Plan, unless an affirmative election
to the contrary is made, in accordance with Section 3.01. In accordance with any rules established by the Plan Administrator, such Participant may subsequently change such deferral percentage. Subject to the foregoing, all other Participants
may elect to make 401(k) Contributions under the Plan for any Plan Year, beginning with the Plan Year in which he or she becomes a Participant, as provided for in the applicable Supplement. Each election made by a Participant under this
Section 4.01 must be made at such time and in such manner as the Plan Administrator shall determine. 
 4.02 Payment of Participant
Contributions. A Participant’s 401(k) Contributions, Roth Elective Deferrals, and After-Tax Contributions, as applicable, shall be 

  
 11 

 
made by the Employing Unit on behalf of the Participant, and shall reduce the Participant’s compensation at the time of payment of such compensation. Amounts so deducted (or amounts by which
a Participant’s compensation has been so reduced) for any calendar month shall be paid to the Trustee as soon as practicable thereafter, but in any event no later than the 15th business day of the next following month, subject to permissible
extensions. 
 4.03 After-Tax Contributions. After-Tax Contributions shall be permitted under the Plan only as set forth in the
applicable Supplement. 
 4.04 Variation, Discontinuance and Resumption of Participant Contributions. A Participant may elect to
change his or her deferral percentage (but not retroactively) within the limits specified in this Article IV, to discontinue contributions or to resume contributions. Each such election by a Participant shall be made at such time and in such manner
as the Plan Administrator shall determine, and shall be effective only in accordance with such rules as shall be established from time to time by the Plan Administrator. 

4.05 Maximum Amount of Participant Contributions. In no event shall the amount of a Participant’s elective deferrals
(401(k) Contributions and Roth Elective Deferrals) for any calendar year exceed $18,000 (for Plan Years commencing on or after January 1, 2016, or such other amount as may be determined under Code Section 402(g) for that calendar
year). If, because of the foregoing limitation, a portion of the contributions made by a Participant may not be credited to his or her Account for a calendar year, such portion and the earnings thereon shall be distributed to the Participant by
April 15 of the following calendar year (subject to permissible extensions). The earnings distributed to Participants pursuant to the preceding sentence shall not include earnings for the gap period. To the extent there is an excess
distribution to a Participant, and such Participant does not actively elect a method of receiving such excess, distributions will first come from Roth Elective Deferrals and then 401(k) Contributions. 

4.06 Rollover Contributions. At the direction of the Plan Administrator, and in accordance with such rules as the Plan Administrator
may establish from time to time, rollovers described in Section 402(c) of the Code, rollover contributions described in Section 408(d)(3) of the Code and benefits of an Employee under another plan that meets the requirements of
Section 401(a) of the Code may be received by the Trustee in cash only, and will be credited to an account established in the name of the Employee (provided he or she is eligible to be an Active Participant under this Plan). 

Additionally, at the direction of the Plan Administrator and in accordance with such rules as the Plan Administrator may establish from time to time, the Plan
will accept only in cash on behalf of an Active Participant: 
  

	 	(a)	 a direct rollover of an eligible rollover distribution from: (i) another plan that meets the requirements of Sections 401(a) or 403(a) of
the Code (excluding after-tax employee contributions, unless (if permitted by the Plan Administrator) such contributions are separately accounted for and relate to corporate acquisitions or the integration of acquired plans’ assets into the
Plan); or (ii) an annuity contract described in Section 403(b) of the 

  
 12 

	 	
Code (excluding after-tax employee contributions); or (iii) an eligible plan under Section 457 of the Code which is maintained by a state, political subdivision of a state, or an agency
or instrumentality of a state or political subdivision of a state; 

  

	 	(b)	a Participant contribution of an eligible rollover distribution from: (i) another plan that meets the requirements of Sections 401(a) or 403(a) of the Code (excluding after-tax employee contributions, unless
(if permitted by the Plan Administrator) such contributions are separately accounted for and relate to corporate acquisitions or the integration of acquired plans’ assets into the Plan); or (ii) an annuity contract described in
Section 403(b) of the Code (excluding after-tax employee contributions); or (iii) an eligible plan under Section 457 of the Code which is maintained by a state, political subdivision of a state, or an agency or instrumentality of a
state or political subdivision of a state; and 

  

	 	(c)	a Participant rollover contribution of the portion of a distribution from an individual retirement account or annuity described in Sections 408(a) or 408(b) of the Code that is eligible to be rolled over and would
otherwise be includible in gross income. 

 Any amounts received by the Trustee for a Participant in accordance with any of the preceding
provisions shall be adjusted from time to time in accordance with Article IX of the Plan and shall be fully vested in the Employee for whom it is held under the Plan. 

4.07 Vesting. A Participant shall always be 100% vested in the amounts (including earnings) attributable to any 401(k) Contributions,
Roth Elective Deferrals, After-Tax Contributions, Rollover Contributions, catch-up contributions described in Section 4.08, and safe harbor Employer Matching Contributions described in Section 5.01. Any dividends from investments in the
General Dynamics Stock Fund shall always be 100% vested to the extent the election contemplated by Section 8.14 of the Plan is permitted by the Plan Administrator. See Article VII for vesting rules affecting other types of Contributions.

 4.08 Catch-up Contributions. In accordance with, and subject to the limitations of, Section 414(v) of the Code, all
Participants who are eligible to make elective deferrals under the Plan and who have attained age 50 before the close of the Plan Year shall be eligible to make catch-up contributions. For purposes of the preceding sentence, a Participant who is
projected to attain age 50 before the end of a Plan Year shall be deemed to be age 50 as of January 1 of such year. Such catch-up contributions shall not be taken into account for purposes of the provisions of the Plan implementing the
requirements of Sections 401(k)(3), 401(k)(11), 401(k)(12), 410(b) or 416 of the Code, as applicable, by reason of the making of such catch-up contributions. Furthermore, the election to make such catch-up contributions shall be made in
accordance with such rules as determined by the Plan Administrator and, at the discretion of the Plan Administrator, may be made separately from all other contribution elections under the Plan. 

4.09 Amounts Limited. Notwithstanding anything to the contrary contained herein, to the extent permitted by the Company and applicable
law and pursuant to an unfunded 

  
 13 

 
deferred compensation plan established by the Company, amounts limited by applicable tax or Plan limitations may be credited to such unfunded deferred compensation plan, and amounts so
limited that may have been paid to the Plan may be returned to the Company. 
 4.10 Roth Elective Deferrals. 

 

	 	(a)	General Application. The Plan accepts Roth Elective Deferrals and Roth rollover contributions made on behalf of Participants under all applicable Supplements herein. A Participant’s Roth Elective Deferrals and Roth
rollover contributions will be allocated to separate accounts maintained for such funds as described in subsection (b). Unless specifically stated otherwise, Roth Elective Deferrals will be treated as 401(k) Contributions for all purposes under the
Plan in accordance with applicable law and as required by the context of the Plan. Additionally, Roth Elective Deferrals shall not be made under any automatic enrollment provisions of the Plan. 

 

	 	(b)	Separate Accounting. Contributions and withdrawals of Roth Elective Deferrals and rollovers (collectively, “Roth contributions”) will be credited and debited to the Roth Accounts (i.e., Roth Elective Deferral
Account and Roth Rollover Account) maintained for each Participant. The Plan will maintain a record of the amount of Roth contributions in each Participant’s Account. Gains, losses, and other credits or charges must be separately allocated on a
reasonable and consistent basis to each Participant’s Roth Accounts and the Participant’s other Accounts under the Plan. No contributions other than Roth Elective Deferrals and properly attributable earnings will be credited to each
Participant’s Roth Elective Deferral Account. Solely with respect to the order in which Accounts may be accessed and subject to any other restrictions contained in the Plan regarding the availability of funds for certain purposes, the depletion
order of Accounts for any applicable (as determined by the Plan Administrator) purposes under the Plan will be in accordance with rules established by the Plan Administrator from time to time. Roth contributions can be depleted separately from other
contribution sources. Roth contributions, earnings, distributions and withdrawals will be taxed in accordance with applicable law. 

  

	 	(c)	Direct Rollovers. Notwithstanding anything to the contrary, a direct rollover of a distribution from a Roth Elective Deferral Account under the Plan will only be made to another Roth elective deferral account under an
applicable retirement plan described in Section 402A(e)(1) of the Code or to a Roth IRA described in Section 408A of the Code, and only to the extent the rollover is permitted under the rules of Section 402(c) of the Code.
Notwithstanding Section 4.06, the Plan will accept a rollover contribution to a Roth Rollover Account only if it is a direct rollover from another Roth elective deferral account under an applicable retirement plan described in
Section 402A(e)(1) of the Code and only to the extent the rollover is permitted under the rules of Section 402(c) of the Code. Notwithstanding Section 4.06 of the Plan, the Plan will not accept rollovers from a Roth IRA.

  
 14 

	 	(d)	Correction of Excess Contributions. In the case of a distribution of excess contributions for a Highly Compensated Employee, distributions will first come from 401(k) Contributions and then Roth Elective Deferrals.

  

	 	(e)	In-Plan Roth Rollovers. In accordance with Code Section 402A(c)(4) and any regulatory guidance thereunder, an eligible rollover distribution made from the vested Account of an Active Participant (or a surviving
spouse Beneficiary or an alternate payee that is a spouse or former spouse) under the Plan other than a designated Roth Account, including from Accounts that are otherwise nondistributable, may be transferred to the Active Participant’s
designated Roth Account (or the designated Roth Account of a surviving spouse Beneficiary or an alternate payee that is a spouse or former spouse) under the Plan. The Plan will maintain such records as are necessary for the proper reporting of
in-plan Roth rollovers. 

 ARTICLE V 

EMPLOYER CONTRIBUTIONS 

5.01 Employer Matching Contributions. The Company shall make an “Employer Matching Contribution” to the Trustee equal to 100
percent on the first 1 percent of a Participant’s Deferral Pay contributed pursuant to Article IV and any applicable Supplement, and 50 percent on the next 5 percent of a Participant’s Deferral Pay contributed pursuant to Article IV and
any applicable Supplement. Such safe harbor Employer Matching Contributions will be made on 401(k) Contributions first, then Roth Elective Deferrals, and after which any applicable After-Tax Contributions will be subject to such Employer Matching
Contributions. Employer Matching Contributions may be made in cash or such other property as may be determined by the Company, and shall be invested in accordance with Article VI. Notwithstanding the foregoing, no Employer Contributions shall
be made in Company Stock during a period commencing with the public announcement of an offer for acquisition of the common stock of the Company (ending at the expiration of the offer period), as described in Article VI. Non-safe harbor
“Employer Matching Contributions” shall include such amounts, if any, that were made prior to January 1, 2016, to a non-safe harbor plan, and that were transferred to the Plan. 

The Company may make additional Employer Matching Contributions to the Accounts of Participants in accordance with such nondiscriminatory rules as it may
establish and communicate from time to time so that certain Participants are able to benefit from Employer Matching Contributions throughout any particular Plan Year, provided that such additional contributions do not exceed the maximum amounts
described in this Section 5.01 and the amount that such Participants would have received had their contributions been made throughout the duration of any particular Plan Year. 

5.02 Employer Discretionary Contribution. For each Plan Year, the Company, in its discretion, may specify (a) an aggregate
discretionary contribution to be made under the 

  
 15 

 
Plan for that year and (b) a definite basis or formula by which such aggregate discretionary contribution can be determined within a reasonable time after the end of that Plan Year, or
(c) any other type of Company contribution that is not necessarily based on the achievement or existence of any profits or actual 401(k) Contributions applicable for and described in any one or more Supplements. Any of the foregoing shall be
known as an “Employer Discretionary Contribution.” If any such Employer Discretionary Contribution is made, any Employees eligible to receive such contributions may receive, as specified in an applicable Supplement, a proportionate share
of such contributions based on an allocation formula that generally considers each eligible Employee’s actual base salary (or other compensation specified in the applicable Plan Supplement) over the total actual base salary (or other
compensation specified in the applicable Plan Supplement) of all Employees eligible to receive such contributions under the applicable Plan Supplement. In the event Employer Discretionary Contributions are made for any Plan Year, the Company, as
specified in a Supplement, shall contribute to the Trustee amounts determined by it which shall be allocated to the Accounts of Participants eligible for such contributions in accordance with the applicable Supplement. In addition to the foregoing,
the Company shall be permitted to make any such contributions on any basis determined by the Company that will permit passage of any discrimination or other testing. Notwithstanding the foregoing, the ESOP component of the Plan will not be used to
satisfy the requirements of IRC § 401(a)(4) by using cross-testing. 
 5.03 Limitations on Employer Contributions. The
Company’s total contribution for a Plan Year is conditioned on its deductibility under Section 404 of the Code in that year, shall comply with the contribution limitations set forth in Section 9.09 and the allocation limitations
contained in Section 9.10, and shall not exceed an amount equal to the maximum amount deductible on account thereof by the Company for that year for purposes of federal taxes on income. 

5.04 Payment of Employer Contributions. The Company’s total contribution under the Plan for any Plan Year shall be paid without
interest, not later than the time prescribed by law for filing the Company’s federal income tax return for such year, including extensions thereof. 

5.05 Verification of Employer Contributions. If for any reason the Company decides to verify the correctness of any amount or
calculation relating to any contribution for any Plan Year, the certificate of an independent accountant selected by the Company as to the correctness of any such amount or calculation shall be conclusive on all persons. 

5.06 No Interest in Employers. The Company shall have no right, title or interest in the Trust Fund, nor shall any part of the Trust
Fund revert or be repaid to the Company, directly or indirectly, unless: 
  

	 	(a)	the IRS initially determines that the Plan, as applied to the Company, does not meet the requirements of Section 401(a) of the Code, in which event the contributions made to the Plan by the Company shall be
returned to it within one year after such adverse determination; 

  
 16 

	 	(b)	a contribution is made by the Company by mistake of fact and such contribution is returned to it within one year after payment to the Trustee; or 

 

	 	(c)	a contribution conditioned on the deductibility thereof is disallowed as an expense for federal income tax purposes and such contribution (to the extent disallowed) is returned to the Company within one year after the
disallowance of the deduction. 

 Contributions may be returned to the Company pursuant to paragraph (a) above only if they are
conditioned upon initial qualification of the Plan, and an application for determination was made by the time prescribed by law for filing the Company’s federal income tax return for the taxable year in which the Plan was adopted (or such other
date as the Secretary of the Treasury may prescribe). The amount of any contribution that may be returned to the Company pursuant to paragraph (b) or (c) above must be reduced by any portion thereof previously distributed from the Trust
Fund and by any losses of the Trust Fund allocable thereto, and in no event may the return of such contribution cause any Participant’s Account balances to be less than the amount of such balances had the contribution not been made under the
Plan. 
 ARTICLE VI 

INVESTMENT OF CONTRIBUTIONS 

6.01 The Investment Funds. The Trust Fund as of any date shall consist of all property of every kind then held by the Trustee on behalf
of the Plan. The Trust Fund shall consist of such investment funds as the Investment Committee shall determine from time to time, except that the Trust Fund shall maintain a Company Stock fund (the “General Dynamics Stock Fund”), subject
to the terms of Section 6.11 below. The purpose of the General Dynamics Stock Fund is to enable Plan participants to indirectly invest in Company Stock through the Plan. 

A portion of the General Dynamics Stock Fund shall be an ESOP, as described in the following paragraph. The Trustee’s purchase of Company Stock for the
General Dynamics Stock Fund shall be made in accordance with this Section and Section 6.05 below. Pending investment, reinvestment or distribution as provided in the Plan, the Trustee may temporarily retain the assets of any one or more of
the investment funds in cash, commercial paper, short-term obligation, or undivided interests or participation in common or collective short-term investment funds. Any investment fund may be partially or entirely invested in any common or commingled
fund or in any group annuity, deposit administration or separate account contract issued by a legal reserve life insurance company which is invested generally in property of the kind specified for the investment fund. The Investment Committee, in
its discretion, may direct the Trustee to establish such investment funds or, subject to the requirement to maintain the General Dynamics Stock Fund, to terminate any of the investment funds as it shall from time to time consider appropriate and in
the best interests of the Participants. Subject to the requirement to maintain the General Dynamics Stock Fund and the terms of Section 6.11 below, the Investment Committee may change the types of investment funds offered, may add, freeze or
delete any particular investment fund, and may map investments between investment funds (or from investment funds of merged plans into investment funds of the Plan), in each case, other than as 

  
 17 

 
to the General Dynamics Stock Fund. The decision to invest in any particular investment fund offered under the Plan, however, is the sole responsibility of each Participant. The Trustee, the Plan
Administrator, the Investment Committee, the Company or any Employer, or any of its directors, officers, employees or agents are not empowered to advise a Participant as to the manner in which his Account shall be invested. The fact that a security
is available to Participants (or Beneficiaries) for investment under the Plan shall not be construed as a recommendation for the purchase of that security, nor shall the designation of any option impose any liability on the Company or any Employer,
or any of its directors, officers, employees or agents, the Trustee, the Investment Committee or the Plan Administrator. The funds established hereunder may be referred to collectively as the “investment funds” and individually as an
“investment fund.” 
 The General Dynamics Stock Fund shall be an ESOP to the extent the dividend election of Section 8.14 is available to
the assets held in the General Dynamics Stock Fund. All assets are eligible to be invested in the General Dynamics Stock Fund, except that any benefits or contributions that are integrated with Social Security will not be a part of the ESOP and
will not be eligible for the election described in Section 8.14. Notwithstanding anything to the contrary, all non-ESOP contributions to the General Dynamics Stock Fund shall be deemed “non-ESOP” for all average deferral
percentage testing and all aggregate contribution percentage testing purposes under the Plan. 
 6.02 Investment Fund Elections. The
Plan is intended to constitute a plan described in Section 404(c) of ERISA. Except as otherwise provided, a Participant may elect to invest all or a portion of his or her own contributions in his or her Account in one or more of the Plan’s
investment funds. Employer Contributions made on behalf of a Participant shall be invested in one or more of the Plan’s investment funds in accordance with the Participant’s allocation and percentage elections applicable to his or her
401(k) Contributions (or, if none, then After-Tax Contributions). Investment elections must be made in whole percentages, shall be made at such time and in such manner as the Plan Administrator shall determine, and shall be subject to any rules,
restrictions and limitations established by the Plan Administrator. If a Participant fails to make an election under this Section 6.02, with regard to his or her contributions (including all automatic deferrals described in Section 4.01 of
the Plan) and his or her share of the Employer Contributions, such Participant shall be deemed to have elected to have such contributions invested in the applicable default investment fund as shall be designated by the Investment Committee and
communicated to Participants from time to time by the Plan Administrator in accordance with any applicable laws. The Plan Administrator shall establish rules to permit investment fund elections consistent with Code Section 401(a)(28) and any
related Treasury regulations thereunder for ESOP diversification purposes under the Plan. 
 Unless otherwise provided in Section 8.14, dividends paid
on investments held in the General Dynamics Stock Fund shall be reinvested in that investment fund. 
 6.03 Investment Fund
Transfers. Subject to any administrative rules established by the Plan Administrator, a Participant may elect that all or a part of his or her interest in an investment fund shall be liquidated and the proceeds thereof transferred to one or more
of the other investment funds. Each such election may be made in either whole percentages or on a dollar specific basis. Transfers may be made at such time and in such 

  
 18 

 
manner as the Plan Administrator shall determine, and shall be subject to any rules, restrictions and limitations established by the Plan Administrator, including, but not limited to,
restrictions on and resulting penalties for excessive trading. 
 6.04 Diversification. The provisions of this Article VI are
intended to satisfy Code Section 401(a)(28) and the Pension Protection Act of 2006 (including, but not limited to, Code Section 401(a)(35) and the Treasury regulations promulgated thereunder) by permitting immediate diversification for all
units in the General Dynamics Stock Fund acquired by the Account of a Participant. 
 6.05 Purchase of Company Stock. As soon as
practicable after receipt of contributions applicable thereto, the Trustee shall regularly purchase Company Stock from time to time in the open market in accordance with a non-discretionary purchasing program, or shall purchase authorized but
unissued Company Stock from General Dynamics Corporation or Company Stock held in the treasury of General Dynamics Corporation. In the event that authorized but unissued or treasury Company Stock is purchased by the Trustee, the price per share
shall be the average closing market price of the Company Stock on the New York Stock Exchange over the five most recent days prior to such purchase on which at least one sale took place. Company Stock will be held in the name of the Trustee or its
nominees for the account of the Participants or Inactive Participants until distributed, and the Trustee shall in its discretion exercise or sell any rights for the purchase of any additional shares of Company Stock or other securities which General
Dynamics Corporation may offer to its shareholders, except as described in Section 6.06 below. 
 6.06 Voting of Company Stock.
When the Company prepares for any annual or special meeting, the Company shall notify the Trustee and the Stock Fund Fiduciary at least thirty (30) days in advance of the intended record date and shall cause a copy of all proxy solicitation
materials to be sent to the Trustee and the Stock Fund Fiduciary. If requested by either the Trustee or the Stock Fund Fiduciary, the Company shall certify to the requesting party that the aforementioned materials represent the same information
distributed to shareholders of Company Stock. Based on these materials, the Trustee and the Stock Fund Fiduciary shall prepare (or cause to be prepared) a voting instruction form and shall provide a copy of all proxy solicitation materials to be
sent to each Participant with an interest in the General Dynamics Stock Fund held in the Trust Fund, together with the foregoing voting instruction form to be returned to the Trustee or its designee. The form shall show the number of full and
fractional shares of Company Stock credited to the Participant’s Account. 
 Each Participant (or Beneficiary in the event of the death of the
Participant, or a representative properly designated by that Participant, or the Participant’s legal guardian) is, for purposes of this Section 6.06, hereby designated a “named fiduciary” within the meaning of
Section 402(a)(2) of ERISA, with respect to Company Stock allocated to his Account, and shall have the right to direct the Trustee as to the manner in which the Trustee is to vote (including not to vote) that number of shares of Company Stock
credited to his Account (both vested and unvested). Directions from a Participant to the Trustee concerning the voting of Company Stock shall be communicated in writing, or by such other means as agreed upon by the Trustee, the Stock Fund Fiduciary
and the Company. These directions shall be held in confidence by the Trustee and the Stock Fund Fiduciary and shall not be divulged to the Company, or any officer or employee 

  
 19 

 
thereof, or any other person except to the extent that the aggregate consequences of such directions are reflected in reports regularly communicated to any such person in the ordinary course of
the performance of the Trustee’s services under the Trust Fund agreement. Upon its receipt of the directions, the Trustee shall vote the shares of Company Stock as directed by the Participant unless otherwise directed by the Stock Fund
Fiduciary. Any share held by Trustee as to which it receives no voting instructions shall be voted by Trustee at the direction of the Stock Fund Fiduciary, and if no direction is provided, the Trustee shall not vote such shares. 

The Trustee shall vote that number of shares of Company Stock not credited to Participants’ Accounts in a manner as directed by the Stock Fund Fiduciary
and if no direction is provided, the Trustee shall not vote such shares. 
 6.07 Tender Offers. 

 

	 	(a)	Upon commencement of a tender offer for any Company Stock securities held in the General Dynamics Stock Fund in the Trust Fund, the Company shall timely notify the Trustee and the Stock Fund Fiduciary in advance of the
intended tender date and shall cause a copy of all materials to be sent to the Trustee and the Stock Fund Fiduciary. The Company shall certify to the Trustee and the Stock Fund Fiduciary that the aforementioned materials represent the same
information distributed to shareholders of Company Stock. Based on these materials and after consultation with the Company, the Trustee and the Stock Fund Fiduciary shall prepare (or cause to be prepared) a tender instruction form and shall provide
a copy of all tender materials to be sent to each Participant with an interest in the General Dynamics Stock Fund, together with the foregoing tender instruction form, to be returned to the Trustee or its designee. The tender instruction form shall
show the number of full and fractional shares of Company Stock credited to each Participant’s Account (both vested and unvested). 

  

	 	(b)	 Each Participant, or Beneficiary in the event of the death of the Participant, or a representative properly designated by that Participant or the
Participant’s legal guardian (to the extent consistent with the terms of an Offer), as “named fiduciary” within the meaning of Section 402(a)(2) of ERISA with respect to an interest in the General Dynamics Stock Fund, shall have
the right to direct the Trustee to tender or not to tender some or all of the shares of Company Stock credited to the Participant’s Account (both vested and unvested). Directions from a Participant to the Trustee concerning the tender of
Company Stock shall be communicated in writing, or such other means as is agreed upon by the Trustee and the Company. These directions shall be held in confidence by the Trustee and the Stock Fund Fiduciary (as applicable) and shall not be divulged
to the Company, or any officer or employee thereof, or any other person except to the extent that the aggregate consequences of such directions are reflected in reports regularly communicated to any such persons in the ordinary course of the
performance of the Trustee’s services under the 

  
 20 

	 	
Trust Fund agreement. The Trustee shall tender or not tender shares of Company Stock as directed by the Participant unless otherwise directed by the Stock Fund Fiduciary. The Trustee shall not
tender shares of Company Stock credited to a Participant’s Account for which it has received no directions from the Participant unless otherwise directed by the Stock Fund Fiduciary. 

 

	 	(c)	Except as otherwise required by applicable law, the Trustee shall tender that number of shares of Company Stock not credited to Participants’ Accounts in a manner as directed by the Stock Fund Fiduciary and if no
direction is provided, the Trustee shall not tender such shares. 

  

	 	(d)	A Participant who has directed the Trustee to tender some or all of the shares of Company Stock credited to the Participant’s Account may, at any time prior to the tender offer withdrawal date, direct the Trustee
to withdraw some or all of the tendered shares, and the Trustee shall withdraw the directed number of shares from the tender offer prior to the tender offer withdrawal deadline. A Participant shall not be limited as to the number of directions to
tender or withdraw that the Participant may give to the Trustee. 

  

	 	(e)	A direction by a Participant to the Trustee to tender shares of Company Stock credited to the Participant’s Accounts shall not be considered a written election under the Plan by the Participant to withdraw, or have
distributed, any or all of his withdrawable shares. The Trustee shall credit to each Account of the Participant from which the tendered shares were taken the proceeds received by the Trustee in exchange for the shares of Company Stock tendered from
that Account. Pending receipt of directions (through the Plan Administrator) from the Participant or the Investment Committee or the Stock Fund Fiduciary, as the case may be, as to which of the remaining investment funds the proceeds should be
invested in, the Trustee shall invest the proceeds in the applicable default investment fund as shall be designated by the Investment Committee. 

  

	 	(f)	The tender offer period is that period during which tender offer is outstanding and may be accepted or rejected or during which time an acceptance or rejection may be withdrawn. 

6.08 Additional Restrictions. Restrictions may be imposed on the Accounts of certain Participants with General Dynamics Stock Fund
investments to comply with any securities laws or Company policies. 
 6.09 Special Fiduciary Provisions Concerning Company Stock.
The Trustee shall adopt procedures designed to safeguard the confidentiality of information relating to the purchase, holding, and sale of such securities, and the exercise of voting, tender and similar rights with respect to such securities by
Participants (and Beneficiaries), except to the extent necessary to comply with Federal laws or state laws not preempted by ERISA. The Stock Fund Fiduciary shall monitor the sufficiency of the foregoing procedures to safeguard the confidentiality of
such information and such procedures are being followed. 

  
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 6.10 No Obligation to Acquire Securities. Pursuant to Treasury Regulation §
54.4975-11(a)(7)(i), the Plan is not obligated to acquire securities from a particular security holder at an indefinite time determined upon the happening of an event (such as the death of the holder). 

6.11 General Dynamics Stock Fund. 
  

	 	(a)	The General Dynamics Stock Fund is intended to be a feature of the Plan that shall be invested 100% in Company Stock. The General Dynamics Stock Fund is intended to remain so invested without regard to the
diversification of assets, subject to the discretion of the Stock Fund Fiduciary. 

  

	 	(b)	Stock Fund Fiduciary. Notwithstanding anything in the Plan or the Trust Fund to the contrary, the Stock Fund Fiduciary shall be the exclusive independent fiduciary and investment manager for the General Dynamics
Stock Fund. The Stock Fund Fiduciary shall have the exclusive fiduciary authority and responsibility, in its sole discretion, to determine whether continuing the General Dynamics Stock Fund as an investment option in accordance with the terms of the
Plan is prudent under ERISA (either with respect to continuing to permit new investment in the General Dynamics Stock Fund, continuing to hold Company Stock, or both).In making such a determination, the Company intends that the Stock Fund Fiduciary
consider the risk associated with the General Dynamics Stock Fund not standing alone, but in light of the availability of other investment funds under the Plan and the ability of Plan participants to construct a diversified portfolio of investments
consistent with their individual desired level of risk and return. 

  

	 	(c)	Powers of the Stock Fund Fiduciary. Notwithstanding anything in the Plan to the contrary, the Stock Fund Fiduciary shall at all times have the exclusive fiduciary authority and responsibility to exercise the
following powers: 

  

	 	(1)	in connection with a determination that purchasing Company Stock is no longer prudent under ERISA, to suspend or prohibit the investment of new Contributions in the General Dynamics Stock Fund; 

 

	 	(2)	in connection with a determination that purchasing Company Stock is no longer prudent under ERISA, to suspend or prohibit the transfer of Participant Account balances into the General Dynamics Stock Fund;

  
 22 

	 	(3)	in connection with a determination that purchasing Company Stock is no longer prudent under ERISA, to eliminate the General Dynamics Stock Fund as an investment fund under the Plan and to sell or otherwise dispose of
all of the Company Stock held in the General Dynamics Stock Fund; 

  

	 	(4)	to suspend or prohibit the transfer of Participant Account balances out of the General Dynamics Stock Fund during any period in which the Stock Fund Fiduciary is directing the sale or other disposition of the Company
Stock in the General Dynamics Stock Fund; 

  

	 	(5)	unless otherwise directed by the Investment Committee, to designate an alternative investment fund available under the Plan for the temporary investment of any proceeds from any sale or other disposition of Company
Stock, following the completion of such sale or other disposition, pending Participant directions to the Trustee with respect to the investment of such proceeds; 

  

	 	(6)	to vote the shares of, and respond to tender offers with respect to, Company Stock held by the Plan in the General Dynamics Stock Fund, subject to the terms of the Plan; and 

 

	 	(7)	to instruct the Trustee with respect to the foregoing matters. 

 6.12 Self-Directed
Brokerage Window. The Investment Committee, in its discretion, may allow for the Plan to provide Participants and Beneficiaries with the option to invest money in their Plan Accounts through a self-directed brokerage window investment
arrangement (or other similar arrangement) in accordance with any rules established for such arrangement. The decision to invest through a self-directed brokerage window investment option (or other similar arrangement) is the sole responsibility of
each Participant (or Beneficiary, as the case may be). To the extent a self-directed brokerage window investment arrangement (or other similar arrangement) is available, each Participant (or Beneficiary, as the case may be) shall be the “named
fiduciary” (as described in Section 402(a)(2) of ERISA) with respect to such self-directed brokerage window investment arrangement (or other similar arrangement), which Participants (or Beneficiaries, as the case may be) will not be able
to use to acquire Company Stock. 
 6.13 Managed Account. The Investment Committee in its discretion may engage investment managers
to manage the Accounts of Participants (if so elected by Participants) upon such terms as agreed to by the Investment Committee and such investment managers. 

  
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 ARTICLE VII 

VESTING AND FORFEITURES 

7.01 General. Each Participant and Inactive Participant shall have a continuing interest under this Plan until his or her Account is
distributed or forfeited. An individual Account will be valued in accordance with this Article VII. 
 7.02 Vested Account. A
Participant or Inactive Participant shall have a Vested Account balance in accordance with the following provisions: 
  

	 	(a)	Vested as of the Effective Date. Participants and Inactive Participants who are vested in any portion of their Account balance as of the Effective Date of the Plan shall continue to be vested in those balances.

  

	 	(b)	Immediate Vesting. A Participant shall be 100% vested in his or her 401(k) Contributions, Roth Elective Deferrals, After-Tax Contributions, Rollover Contributions, catch-up contributions as described in
Section 4.08, dividends from investments in the General Dynamics Stock Fund to which the election contemplated in Section 8.14 herein applies, and safe harbor Employer Matching Contributions described in Section 5.01. All earnings
allocated on all of the foregoing shall also be 100% vested. 

  

	 	(c)	Vesting of Certain Employer Contributions. Participants and Inactive Participants shall become fully vested in all other Employer Contributions and earnings thereon credited to their Accounts upon the earliest to
occur of the following: 

  

	 	(1)	Satisfaction by the Participant or Inactive Participant of the Continuous Service requirements set forth in the Supplement applicable to that Participant or Inactive Participant; 

 

	 	(2)	Termination of a Participant’s or Inactive Participant’s employment from the Affiliated Employers by reason of the Participant’s or Inactive Participant’s death, Disability, or layoff (in accordance
with Section 7.02(e)) or discharge without fault (by reason of failing to obtain any required security clearance or as part of a reduction-in-force program as defined by uniform, non-discriminatory guidelines established by the Company); or

  

	 	(3)	Termination of the employment of a Participant or Inactive Participant by reason of retirement as described in the applicable provisions of Section 8.01(a). 

  
 24 

	 	(d)	Continuous Service. Subject to any administrative rules on Continuous Service established from time to time by the Plan Administrator, an individual’s Continuous Service is the sum of the following:

  

	 	(1)	That period of employment with the Affiliated Group commencing on the later of the Effective Date or the individual’s first Hour of Service and ending on the individual’s Termination Date; 

 

	 	(2)	For an individual who shall be in the employment of the Affiliated Group on the Effective Date, that period of Continuous Service prior to the Effective Date accrued under the terms of the Plan as it existed prior to
such date; and 

  

	 	(3)	In the event an Employee who was not fully vested under Section 7.02(c) incurs a Termination Date, and is subsequently reemployed, his or her Continuous Service recognized in his or her previous period of
employment will be recognized in his or her subsequent period of employment after he or she completes one year of Continuous Service following his or her reemployment. 

 

	 	(e)	Termination Date. Subject to Section 3.06, an Employee’s “Termination Date” shall mean that last date on which he or she performed or was deemed to have performed an Hour of Service for the
Affiliated Group as reported by an Affiliated Group Member. For these purposes, any Participant who performs any services beyond the level of merely committing to be available to perform services for any period shall not be treated as having
incurred a Termination Date for Plan purposes during such time. 

  

	 	(f)	One-Year Break-in-Service. A “One-Year Break-in-Service” shall mean any Plan Year within which the Employee fails to complete one Hour of Service. 

7.03 Forfeitures. 
  

	 	(a)	If a Participant or Inactive Participant terminates employment and fails to vest in his or her Employer Contributions described under Section 7.02(c), all non-vested amounts and shares then in the
Participant’s or Inactive Participant’s Account as of his Termination Date shall be forfeited the earlier of: 

  

	 	(1)	The distribution date of the entire vested portion of the Participant’s or Inactive Participant’s Account attributable to Employer Contributions; or 

 

	 	(2)	The last day of the Plan Year in which the Participant or Inactive Participant incurs five consecutive One-Year Breaks-in-Service. 

Furthermore, for purposes of Section 7.03(a)(1) above, in the case of a Participant or Inactive Participant whose vested benefit derived
from Employer Contributions is zero, such individual shall be deemed to have received a complete distribution of this vested portion upon his or her Termination Date. 

  
 25 

	 	(b)	Reinstatement of Forfeitures. An amount forfeited under Section 7.03 shall be reinstated if the Participant or Inactive Participant again becomes an Employee of the Affiliated Group. Notwithstanding the
foregoing, if such an individual received a distribution of any amount upon termination, such distribution must be repaid to the Plan (valued as of the distribution date) for a reinstatement to be made. Such repayment must be made before the later
of (1) five years after the Termination Date, or (2) five years after the date of re-employment. Any reinstated amount (not including repayments) described in this Section shall be subject to the normal vesting provisions of
Section 7.02(c). In addition, if the value of a Participant’s Account was forfeited as a result of a distribution from the Plan prior to termination of employment, such value shall be restored to the Participant’s Account provided
such Participant repays to the Plan, in cash and in a lump sum, the value of the entire withdrawal and any loan amounts that were defaulted as part of a distribution upon a termination (less any amounts withdrawn from a rollover account), prior to
any Termination Date. 

 In the event the individual repays the full amount distributed to him or her, the undistributed
portion of the Participant’s Account will be restored in full, unadjusted by any gains or losses. The source for such reinstatement shall be: 
  

	 	(1)	any Forfeitures occurring during the Plan Year; then 

  

	 	(2)	any income or gain to the Plan (pursuant to Treasury Regulation Section 1.411(a)-7(d)(6)(iii)(C)); and last, 

  

	 	(3)	an Employer Contribution in an amount sufficient to restore Forfeited Accounts provided, however, that if an Employer non-elective contribution is made for such Plan Year, such contribution shall first be applied to
restore any such Accounts and the remainder shall be allocated in accordance with the terms of the Plan. 

  

	 	(c)	Application of Forfeitures. All forfeitures of Employer Contributions and earnings thereon from the Accounts of any Participant or Inactive Participant shall be applied as a credit to reduce subsequent Employer
Contributions or used to pay expenses of the Plan consistent with Section 10.22. All amounts so forfeited and applied shall be determined as of the accounting date coincident with or immediately following the date on which the event resulting
in such forfeiture occurs. However, in the event the Plan is terminated, any amount not so applied by the Trustee shall be credited ratably to the Accounts of Participants and Inactive Participants in proportion to the amounts of their respective
Accounts attributable to Employer Contributions. 

  
 26 

	 	(d)	Pursuant to Treasury Regulation § 54.4975-11(d)(4), if a portion of a Participant’s or Inactive Participant’s Account is forfeited, Company Stock must be forfeited only after other assets.

 7.04 Value Upon Distribution. The amount of a Participant’s or Inactive Participant’s distribution shall
equal the Participant’s Vested Account determined on the Valuation Date coincident with or immediately after the date on which the distribution is requested by the Participant or his or her Beneficiary. 

ARTICLE VIII 

DISTRIBUTIONS UPON RETIREMENT, TERMINATION OR DEATH 

8.01 Right to Payment. For purposes of this Article VIII, the term “Participant” shall refer to both Participants and
Inactive Participants. Upon termination of employment with the Affiliated Employers by reason of (a) through (d) below, the Participant or, in case of death, the Participant’s Beneficiary, shall be eligible to receive a distribution
in the time and manner described in this Article VIII. For purposes of this Article VIII, a termination of employment shall be the Termination Date on which a Participant’s employment with the Affiliated Employers is terminated because of the
first to occur of the following: 
  

	 	(a)	Retirement under a Pension Plan. For any Participant who was not a participant in the General Dynamics Corporation 401(k) Plan 3.0 or the General Dynamics Corporation 401(k) Plan for Represented Employees on or
before December 1, 1999, such Participant will be treated as retired for purposes of this Section if he terminates employment with an Employing Unit after he has attained the age of 55. In such event, the Participant’s Vested Account
balance may be distributed pursuant to any of the methods provided under Sections 8.02 and 8.05 below, or as otherwise provided in an applicable Supplement. 

If an Employee was a participant in the General Dynamics Corporation 401(k) Plan 3.0 or the General Dynamics Corporation 401(k) Plan for
Represented Employees on or before December 1, 1999, and such Employee participates in the Plan, such Participant will be treated as retired for purposes of this Section if he terminates employment with an Employing Unit at the earlier of
age 55 or the date the Participant satisfies the conditions for normal or early retirement under a defined benefit pension plan, maintained by or for an Employing Unit, in which the Participant participates, or if such Participant does not
participate in such a defined benefit pension plan, the date he would otherwise satisfy the conditions for normal or early retirement under the applicable defined benefit pension plan. In such event, the Participant’s Vested Account balance may
be distributed pursuant to any of the methods provided under Sections 8.02 and 8.05 below, or as otherwise provided in an applicable Supplement. 

  
 27 

	 	(b)	Death. The date of the Participant’s death prior to the commencement of distribution of his or her Vested Account from the Plan. In such event, the Participant’s Vested Account balance may be
distributed pursuant to either of the methods provided under Sections 8.02 and 8.05 below, or as otherwise provided in an applicable Supplement. 

  

	 	(c)	Disability. The date the Participant terminates from the employ of the Affiliated Group at any age by reason of a Disability. In such event, the Participant’s Vested Account balance may be distributed
pursuant to any of the methods provided under Sections 8.02 and 8.05 below, or as otherwise provided in an applicable Supplement. 

  

	 	(d)	Other Terminations. The date the Participant terminates employment for any reason, except as otherwise provided for in this Section 8.01, from the Affiliated Group pursuant to Section 7.02(e). In such
event, the Participant’s Vested Account balance may be distributed pursuant to the method provided under Sections 8.02 or 8.05 below. Notwithstanding anything to the contrary, distributions of a Participant’s Vested Account and
earnings thereon shall be permitted on account of severances from employment regardless of when the severance from employment occurred or occurs. 

8.02 Form of Payment. The normal form of benefit under the Plan is a lump sum. Subject to the conditions set forth in this Article
VIII, a Participant, or in the case of his or her death, his or her Beneficiary, may elect to receive his or her Vested Account balance in the forms specified below, as applicable pursuant to Section 8.01, or as otherwise provided in an
applicable Supplement. 
  

	 	(a)	Lump Sum. By payment in a single lump sum, valued as of the Valuation Date coincident with or after the date on which payment is requested. 

 

	 	(b)	Partial Distributions. By payment of partial lump sums (in amounts no less than $500 or 100% of the available Account balance if less than $500), valued as of the Valuation Date coincident with or after the date
on which such payment is requested. The value of and balances in the Vested Account will be reduced by the amount of any partial lump sums in accordance with any rules established by the Plan Administrator. 

 

	 	(c)	Installments. 

 By payment in the form of monthly or annual fixed-amount installments
($500 minimum with amount changes permitted annually). Such a Participant may subsequently elect a lump-sum distribution of his or her Vested Account balance at any time by notifying the Plan Administrator. All installment payments under the Plan
will be suspended upon a Participant’s reemployment with an Employer and subsequent active participation in the Plan. 

  
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 8.03 Distributions Made in Cash or Shares. All lump sum or total distributions requested
by a former Employee or the designated Beneficiary of a deceased Participant shall be made in cash (or if the Participant so elects in full shares of Company Stock to the extent deemed held in his or her Account). In addition, fractional shares of
Company Stock shall be paid in cash and valued as of the date the distribution request is processed, but in any event after the Participant terminates employment with the Affiliated Group Member pursuant to Sections 8.01 (a), (b), (c) and
(d) above, or requests a withdrawal or payment of his or her deferred Account balance pursuant to this Article VIII. Notwithstanding anything to the contrary, all distributions made pursuant to Code Section 411(a)(11) shall be paid in
cash. 
 8.04 Commencement of Payment. Except as provided below in this Section 8.04, payment of a Participant’s Vested
Account balance shall be made or installment payments will commence as soon as practicable after the appropriate date of termination of employment under Section 8.01 above, in accordance with such practices as the Plan Administrator may in its
judgment implement. In accordance with Code Sections 411(a)(11) and 401(a)(31)(B), Department of Labor Regulations Section 2550.404a-2, and any other applicable law, if a Participant’s or Beneficiary’s Vested Account balance at the
time of distribution is less than or equal to $5,000, distributions may be made in a nondiscriminatory manner on behalf of a Participant or Beneficiary before any “required commencement date” (defined below) without his or her consent as
soon as administratively practicable. In the event of a mandatory distribution greater than $1,000 in accordance with the provisions of this Section 8.04, if a Participant does not elect to have such distribution paid directly to an eligible
retirement plan specified by the Participant (if allowed under applicable law) in a direct rollover or to receive the distribution directly in accordance with Sections 8.02 or 8.09, then the Plan Administrator will pay the distribution in a direct
rollover to an individual retirement plan designated by the Plan Administrator in accordance with Internal Revenue Code Section 401(a)(31)(B) and any authority promulgated thereunder. For Participants who attain age 70 1⁄2, distribution of benefits must be made or commence no later than April 1 of the calendar year following the later of the calendar year in which the
Participant attains age 70 1⁄2 or the calendar year in which he retires (his or her “required commencement date”). The required commencement date of
a Participant who is a 5 percent owner (as defined in Section 416 of the Code) shall remain April 1 of the calendar year next following the calendar year in which he attains age 70 1⁄2. All distributions from the Plan shall be made in accordance with Code Section 401(a)(9) and regulations promulgated thereunder, including Treasury Regulations §§ 1.401(a)(9)-2 through
1.401(a)(9)-9. All distributions shall also comply with the Incidental Death Benefit requirement of IRC 401(a)(9)(G). The provisions reflecting Section 401(a)(9) override any distribution options in the Plan inconsistent with
Section 401(a)(9). With respect to Participants whose balances transferred to the Plan from an Other General Dynamics Corporation 401(k) Plan, such distributions will continue under the Plan, but consistent with Section 8.04 of the Other
General Dynamics Corporation 401(k) Plan. 
 8.05 Deferral of Payment. A Participant or Beneficiary who is eligible to receive
payment of his or her Vested Account pursuant to Section 8.01 may elect to defer such payment until his or her required commencement date (as defined in Section 8.04 above). The 

  
 29 

 
deferring Participant or Beneficiary may elect to receive a lump-sum distribution of his or her entire Vested Account at any time after the initial deferral and before his or her required
commencement date by requesting a distribution in the manner prescribed by the Plan Administrator. Notwithstanding the foregoing, the Vested Account balance of a deferring Participant who terminated employment may be distributed pursuant to any of
the methods provided above or in a partial lump-sum payment and partial deferral. Effective for deferral dates prior to January 1, 1998, with respect to balances under the General Dynamics Corporation 401(k) Plan 3.0 or the General Dynamics
Corporation 401(k) Plan for Represented Employees that transferred to the Plan, in the event that the Participant fails to elect a form of benefit, his or her Vested Account shall be distributed in lump sum form. 

8.06 Designation of Beneficiary. Each Participant from time to time may designate a Beneficiary to whom his or her benefits may be paid
in the event of his or her death. “Beneficiary” shall mean (a) the person designated by the Participant either (i) in writing, on a form prescribed by the Plan Administrator and on file with the Plan’s designated
recordkeeper, to receive a distribution upon the death of a Participant or (ii) in such other manner as provided by the Plan Administrator, or (b) the estate of the Participant in the event that no such designation shall have been made or
the person so designated shall have died prior to or coincident with the Participant. Notwithstanding anything to the contrary contained in the Plan, the designated Beneficiary of a legally married Participant shall be the Participant’s spouse.
Any Beneficiary designation to the contrary shall be void unless such spouse of the Participant consents in writing to the Beneficiary designation. Such spouse’s written consent shall be given on such forms as designated by the Plan
Administrator. The consent shall acknowledge the effect of the consent and must be witnessed by a Plan representative or notary public. Only valid Beneficiary designation forms on file with the Plan’s recordkeeper will be honored. Any
Beneficiary designation forms misfiled elsewhere by Participants will be void. Accordingly, if a Participant does not have a valid Beneficiary designation form on file with the Plan’s designated recordkeeper, then the Participant shall be
treated as not having designated a Beneficiary. The designated Beneficiary of a Participant or an alternate payee, as defined in Section 414(p) of the Code, (unless otherwise provided in a Qualified Domestic Relations Order) shall not be
entitled to designate another Beneficiary. Upon the death of the designated Beneficiary of a Participant after the designated Beneficiary has become entitled to receive distribution of the Participant’s Account, payment shall be made to the
designated Beneficiary’s estate pursuant to Section 8.07. Any disclaimer with respect to benefits provided herein and any power of attorney must be made consistent with any applicable law (including ERISA and the Code) and any other rules
established by the Company for the orderly administration of the Plan. A Participant may from time to time authorize a third-party representative to access certain Account information and to take certain actions on the Participant’s
behalf. Such authorization shall be (i) in writing, on a form prescribed by the Plan Administrator or its designee, or (ii) in such other form and manner as accepted by the Plan Administrator. Only valid authorizations on file
with the Plan’s recordkeeper will be honored. 
 8.07 Special Rules for Distribution In Case of Death. If a Participant dies
before receiving his or her entire Vested Account balance, benefits shall be paid to his or her designated Beneficiary. If a deceased Participant failed to designate a Beneficiary before his or her death, or if all of the designated Beneficiaries
die before the Participant, the Participant’s benefits shall be distributed in accordance with the provisions set forth in Section 8.06 above. In 

  
 30 

 
addition, the following rules shall apply with respect to benefits distributed after the Participant’s death: 
  

	 	(a)	In the event that the Participant’s benefits are distributed to his or her estate pursuant to Section 8.06, the maximum period over which installment payments shall be payable shall be 5 years.

  

	 	(b)	In the event that the Participant dies before receiving all or part of a distribution from his or her Vested Account but after he has properly requested such a distribution, the distribution shall be paid in accordance
with his or her election (that is, paid to his or her estate or Beneficiary). 

  

	 	(c)	In the event that the designated Beneficiary dies after commencing receipt of distributions but before the entire Vested Account balance is distributed, the remaining balance shall be distributed to the
Beneficiary’s estate. 

  

	 	(d)	In the event that the Participant dies after terminating employment with the Affiliated Employers and after deferring receipt of his or her Vested Account balance pursuant to Section 8.05, such Vested Account
balance shall be distributed in accordance with Section 8.06. 

  

	 	(e)	If any portion of a Participant’s Vested Account is payable to a designated Beneficiary who is a minor at the time of such distribution, the distribution may be paid to the duly appointed guardian of such
minor’s estate or to the custodian of a Uniform Transfer to Minors Act or Uniform Gifts to Minors Act account for the benefit of such minor Beneficiary. 

8.08 Missing Participants or Beneficiaries. Each Participant and each designated Beneficiary must provide his or her post office
address, and any change in post office address, to the Plan Administrator pursuant to procedures determined by his or her Employer’s Human Resource Department. Any communication, statement or notice addressed to a Participant or Beneficiary at
his or her last post office address filed with the Plan Administrator or the Employer shall be binding on the Participant and his or her Beneficiary for all purposes of the Plan. Subject to applicable law, neither the Employer nor the Plan
Administrator is required to search for or locate a Participant or Beneficiary. If a Participant or Beneficiary is notified by the Plan Administrator that he or she is entitled to a payment, and the Participant or Beneficiary fails to claim his or
her benefits or make his or her whereabouts known to the Plan Administrator within 5 years after a distribution becomes due, the amount thereof shall be used to reduce Employer Contributions. Should the Participant or Payee subsequently make proper
claim for such amount, it shall be paid to the Trust Fund by the Employer and distributed in accordance with the terms of the Plan. 
 8.09
Direct Rollovers. If payment of a Participant’s benefits constitutes an eligible rollover distribution under Section 402(c) of the Code, then the Participant or other eligible distributee may elect to have such distribution paid
directly to an eligible retirement plan described in Section 402(c)(8)(B) or Section 408A of the Code, or as may be required or limited 

  
 31 

 
by applicable law. Such eligible rollover distribution may be paid in cash or Company Stock, as the Participant or such other eligible distributee shall elect. Each election under this
Section 8.09 shall be made at such time and in such manner as the Plan Administrator shall determine, and shall be effective only in accordance with such rules as shall be established from time to time by the Plan Administrator. 

Any before-tax contribution amount that is distributed on account of hardship shall not be an eligible rollover distribution under this Section 8.09 and
the distributee may not elect to have any portion of such a distribution paid directly to an eligible retirement plan as described above. 
 The term
eligible retirement plan described above shall also mean an annuity contract described in Section 403(b) of the Code and an eligible plan under Section 457(b) of the Code which is maintained by a state, political subdivision of a state, or
any agency or instrumentality of a state or political subdivision of a state and which agrees to separately account for amounts transferred into such plan from this Plan and the definition of eligible retirement plan shall also apply in the case of
a distribution to a surviving spouse, or to a spouse or former spouse who is the alternate payee under a Qualified Domestic Relations Order, as defined in Section 414(p) of the Code. 

With respect to the term eligible rollover distribution described above, a portion of a distribution shall not fail to be an eligible rollover distribution
merely because the portion consists of after-tax employee contributions which are not includible in gross income. However, such portion may be transferred only to an individual retirement account or annuity described in Section 408(a) or
(b) of the Code (including annuities described in Section 403(b) of the Code), or to a qualified plan (including a qualified defined benefit plan) described in Section 401(a) or 403(a) of the Code that agrees to separately account for
amounts so transferred, including separately accounting for the portion of such distribution which is includible in gross income and the portion of such distribution which is not so includible. Moreover, the entire amount of any hardship withdrawal
shall not be eligible for rollovers. 
 In addition, notwithstanding anything to the contrary in this Section 8.09, and solely for purposes of applying
the direct rollover provisions of the Plan, only distributions that would be eligible for a direct rollover without regard to Section 401(a)(9)(H) of the Code will be treated as eligible rollover distributions. 

8.10 Distribution to Alternate Payees. The Plan Administrator may direct the Trustee to distribute benefits to an alternate payee, as
defined in Section 414(p) of the Code, on the earliest date specified in a Qualified Domestic Relations Order, without regard to whether such distribution is made or commences prior to the Participant’s earliest retirement age (as defined
in Section 414(p)(4)(B) of the Code) or the earliest date that the Participant could commence receiving benefits under the Plan. 

  
 32 

 8.11 Loans to Participants. The Plan Administrator, in accordance with regulations
promulgated by the IRS and pursuant to such rules as it may from time to time establish and maintain in addition to this Plan document, and upon application by a Participant supported by such evidence as the Plan Administrator requests, may direct
the Trustee to make a loan from the Trust Fund to a Participant subject to the following: 
  

	 	(a)	The principal amount of any loan made to a Participant, when added to the outstanding balance of all other loans made to such Participant from all qualified plans maintained by the Employers, shall not exceed the lesser
of: 

  

	 	(1)	$50,000 reduced by the excess (if any) of the highest outstanding balance of loans from the Plan during the one-year period ending on the day before the date on which such loan was made, over the outstanding balance of
loans from the Plan on the date on which such loan was made; or 

  

	 	(2)	one-half of the Participant’s Vested Account balances under the Plan. 

  

	 	(b)	Each loan must be evidenced by a note in a form approved by the Plan Administrator, shall bear interest at a reasonable rate, and shall require substantially level amortization (with payments at least quarterly) over
the term of the loan. 

  

	 	(c)	Each loan shall specify a repayment period that shall not extend beyond five years or twenty years in the case of loans for a primary residence. 

If, on a Participant’s Termination Date, any loan or portion of a loan made to him under the Plan, together with the accrued interest thereon, remains
unpaid, an amount equal to such loan or any part thereof, together with the accrued interest thereon, shall be charged to the Participant’s Accounts after all other adjustments required under the Plan, but before any distribution pursuant to
Article VIII. The foregoing shall not apply to a Participant during a period in which he is laid off, provided he elects to continue loan payments through personal check. Participants with a Disability, Participants who are receiving short-term
disability benefits from their Employing Unit or Participants who are on a Company-approved leave of absence may make manual loan repayments for the duration of such disability or leave. Moreover, at the discretion of the Plan Administrator, the
foregoing loan rules may be modified in accordance with the terms of any applicable corporate sale, outsourcing or other similar agreement affecting Participants who are part of affected Employing Units and such Participants may be permitted to make
manual loan repayments under such terms and conditions as the Plan Administrator determines. If a Participant is terminated and requests a lump sum distribution while a loan remains unpaid, such loan will be immediately foreclosed and treated as a
taxable event. 
 In determining the adjusted net worth of the Trust Fund as of each accounting date, the Trustee shall disregard loans made to Participants
under this Section 8.11 and any interest and principal payments on such loans received by the Trustee since the last preceding accounting date. For purposes of adjusting Participants’ Accounts under Article VIII, the Company shall
exclude from the credit balance in a Participant’s Accounts the unpaid amount of any loan made to him (disregarding any principal payments made since the last preceding accounting date). Interest paid by a Participant on a loan made to him
under this Section 8.11 shall be credited to the Accounts of the Participant after all other adjustments required under the Plan as of that date have been completed. A deferring Participant who leaves the employ of the Affiliated Employers and
any Participant on an unpaid leave of absence shall not be eligible for a loan from his or her Vested Account. 

  
 33 

 Participants, whether Active Participants or Inactive Participants, may take either two general purpose loans or
one general purpose loan and one principal residence loan, provided that such Participants are on the active payroll of an Employing Unit. The total number and type of loans available hereunder shall be reduced by the corresponding number and type
of loans outstanding under any other plan maintained by the Company such that only two loans (in the combinations described in the preceding sentence) per Participant will be permitted under all plans similar to this Plan. Any loans transferred to
the Plan from an Other General Dynamics Corporation 401(k) Plan shall count toward the limits on loans specified herein. In addition, for any loans so transferred to the Plan from an Other General Dynamics Corporation 401(k) Plan, the name of the
Plan shall be deemed substituted for the name of the Other General Dynamics Corporation 401(k) Plan on any applicable loan notes and all other loan note terms shall remain the same. Notwithstanding any of the foregoing, the Plan Administrator may
allow additional loans with respect to any Business Unit or group of Participants employed at a business that is acquired by the Company and specifically permitted participation herein; provided that the Plan Administrator determines that such
additional loans are administratively feasible and such action is taken solely to accommodate prior loans under any plans affected by such business acquisition. 

8.12 Hardship Withdrawal of Compensation Deferral Contributions. Subject to the following provisions of this Section 8.12, a
Participant may elect to withdraw in the following order, all or any portion of his or her After-Tax Contributions, if any, as well as Rollover Contributions, vested Employer Matching Contributions (other than “safe harbor” Employer
Matching Contributions and any earnings thereon), vested Employer Discretionary Contributions, 401(k) Contributions and Roth Elective Deferrals (including earnings on such contributions prior to 1989), provided that the withdrawal is necessary in
light of immediate and heavy financial needs of the Participant. Such a withdrawal shall be in an amount that is no less than $500, and in no event shall such a withdrawal exceed the amount required to meet this immediate financial need, after
seeking amounts reasonably available from other resources of the Participant (including, pursuant to rules established by the Plan Administrator, electing to receive dividends in cash as described in Section 8.14, all other distributions and
nontaxable loans currently available under the Plan). Each such election shall be filed with the Plan Administrator or its agent at such time and in such manner as the Plan Administrator shall determine, and shall be effective in accordance with
such rules as the Plan Administrator shall establish and publish from time to time. Consistent with Treasury Regulation Section 1.401(k)-1(d), immediate and heavy financial needs are limited to amounts necessary for: 

 

	 	(a)	Unreimbursed medical expenses described in Code Section 213(d) that are previously incurred by the Participant, his or her spouse or his or her dependents (as defined by the IRS in the Code, including, but not
limited to, Section 152 thereof) or necessary for these persons to obtain medical care described in Code Section 213(d); 

  

	 	(b)	Purchase (excluding mortgage payments) of a principal residence for the Participant; 

  
 34 

	 	(c)	Payment of tuition and related educational fees (including room and board) for the next 12 months of post-secondary education for the Participant, his or her spouse or his or her dependents (as defined by the IRS in the
Code, including, but not limited to, Section 152 thereof); 

  

	 	(d)	Preventing foreclosure on or eviction from the Participant’s principal residence; 

  

	 	(e)	Funeral expenses of a family member; 

  

	 	(f)	an IRS tax levy; 

  

	 	(g)	Certain legal fees and costs; 

  

	 	(h)	Covering expenses for the repair of damage to the Participant’s principal residence that would qualify for the casualty deduction under Section 165 of the Code (determined without regard to whether the loss
exceeds 10% of adjusted gross income); or 

  

	 	(i)	Such other events or expenses that constitute an immediate and heavy financial need under Treasury Regulation Section 1.401(k)-1(d) and based on all relevant facts and circumstances. 

8.13 In-Service Withdrawals. A Participant who is employed by the Affiliated Group may elect to withdraw a specified portion of his or
her Vested Account balance as described below (in amounts of not less than $25; and in an age 59 1⁄2 withdrawal, in amounts of not less than $500 or 100
percent of the available amount, whichever is less), subject to the restrictions contained in this Section 8.13 and such other rules and restrictions as the Plan Administrator may from time to time impose. Each election by a Participant under
this Section 8.13 must be filed with the Plan Administrator or its agent at such time and in such manner as the Plan Administrator shall determine, and shall be effective in accordance with such rules as the Plan Administrator shall establish.
The Vested Account portion from which an in-service withdrawal may be made consists of all vested amounts credited to a Participant’s Account (including rollover balances credited pursuant to Section 4.06) and vested transfers from other
plans, except for: 
  

	 	(a)	401(k) Contributions, Roth Elective Deferrals, and all safe harbor Employer Matching Contributions, and earnings thereon (before the Participant’s attainment of age
59 1⁄2); 

  

	 	(b)	vested non-safe harbor Employer Matching Contributions or Employer Discretionary Contributions, and earnings thereon credited to a Participant’s Account, provided that such contributions (and related earnings)
shall be available for in-service withdrawal if (i) such contributions (and related earnings) have remained in the Plan (or any Other General Dynamics Corporation 401(k) Plan) for the 24 months preceding the date the withdrawal is requested and
made or (ii) the Participant has participated in the Plan (or any Other General Dynamics Corporation 401(k) Plan) for at least five years (in the aggregate among such plans) on the date the withdrawal is requested and made; 

  
 35 

	 	(c)	vested non-safe harbor Employer Matching Contributions and the After-Tax Contributions to which they relate, provided that such contributions shall be available for in-service withdrawal if (i) such contributions
have remained in the Plan (or any Other General Dynamics Corporation 401(k) Plan) for the 24 months preceding the date the withdrawal is requested and made or (ii) the Participant has participated in the Plan (or any Other General Dynamics
Corporation 401(k) Plan) for at least five years (in the aggregate among such plans) on the date the withdrawal is requested and made. 

 All
amounts and/or shares withdrawn shall be drawn from a Participant’s Account in accordance with rules established by the Plan Administrator from time to time. Notwithstanding the foregoing, there shall be no restriction on the number of
withdrawals with respect to any Vested Account balances under this Section. 
 8.14 ESOP Dividend Distribution Election. In
accordance with such rules as the Plan Administrator establishes and consistent with Code Section 404(k), all Participants may elect at any time either to reinvest any regularly scheduled quarterly (or annual) cash dividends attributable to
their investment in the ESOP portion of the General Dynamics Stock Fund or to receive the value of such dividends in cash. If no such election is made, such dividends will be reinvested in the General Dynamics Stock Fund. Such election on file with
the Plan Administrator at the end of the day on the business day that is ten business days prior to the dividend payment date shall be treated as irrevocable. The treatment elected under such irrevocable election shall be processed as soon as
administratively practicable. The foregoing only applies to regularly scheduled quarterly (or annual) cash dividends actually paid to the Plan. Any other dividends, including special dividends, or dividends paid in the form of shares of the Company
or other property, are not eligible for the foregoing dividend distribution election and will be reinvested in the General Dynamics Stock Fund or as otherwise provided under the Plan. 

ARTICLE IX 
 PLAN
ACCOUNTING 
 9.01 Separate Accounts. The Plan Administrator shall maintain the following Accounts, which shall include
amounts transferred to the Plan, in the name of each Participant or Inactive Participant: 
  

	 	(a)	a “Before-Tax Account,” which shall reflect his or her 401(k) Contributions, if any, under the Plan, and the income, losses, appreciation and depreciation attributable thereto; 

 

	 	(b)	an “After-Tax Account” which shall reflect his or her voluntary After-Tax Contributions, if any, under the Plan, and the income, losses, appreciation and depreciation attributable thereto; 

  
 36 

	 	(c)	a “Company Match Account,” which shall reflect his or her share of Employer Contributions (except as provided in (d) below) under the Plan, and the income, losses, appreciation and depreciation
attributable thereto; 

  

	 	(d)	a “Non-Contributory Retirement Contribution Account,” which shall reflect amounts attributable to Employer Discretionary Contributions described in Section 5.02(c) and to any other contributions specified
only in a Supplement; and 

  

	 	(e)	a “Rollover Account,” which shall reflect Rollover Contributions rolled over to the Plan from another qualified plan, if any, and the income, losses, appreciation and depreciation attributable thereto.

 The Plan Administrator will also maintain such other Accounts in the names of Participants or otherwise as it considers advisable
(including a “Roth Elective Deferral Account” and “Roth Rollover Account” as described in Section 4.10). Unless the context indicates otherwise, references to a Participant’s “Account” or “Accounts”
means all accounts maintained in his or her name under the Plan. 
 9.02 Daily Accounting Dates. Participants’ Accounts shall be
adjusted as of the end of each business day. A “business day” shall mean any day on which the New York Stock Exchange is open for business. Accordingly, an “accounting date” means each business day as defined herein as of which
Participants’ Accounts are adjusted under the Plan. 
 9.03 Adjustment of Participants’ Accounts. Participants’
Accounts shall be maintained on the basis of dollar values or units that may be converted to dollar values. Pursuant to the accounting procedures of the Plan Administrator, Participants’ Accounts will be adjusted on each accounting date to
reflect the adjusted net worth (as described below) of the investment funds in which such Accounts have an interest and to reflect any contributions and distributions since the previous accounting date (including adjustments for Plan expenses that
are paid out of Plan assets). The “adjusted net worth” of an investment fund as of any accounting date means the then-net worth of that investment fund as determined by the Trustee in accordance with the provisions of the Trust Agreement.
Accounts held under an annuity contract shall be adjusted in accordance with the annuity contract. 
 9.04 Allocation of Employer
Contributions. As of each regular accounting date on which a Participant’s 401(k) Contribution, Roth Elective Deferral or After-Tax Contribution is credited to his or her Accounts, Employer Contributions shall be allocated and credited to
the Accounts of the same Participants in accordance with Sections 5.01, 5.02 and 6.02. Subject to Section 8.14 as applicable, regular quarterly or annual dividends declared by the Company and received on Company Stock held by the Trustee
shall be used to purchase shares or units of Company Stock, and the Participant’s or Inactive Participant’s Accounts shall be credited with a proportionate number of such shares or units determined on the basis of the number of shares or
units in each Participant’s or Inactive Participant’s Account. 
 9.05 Crediting of Participant Contributions. Subject to
Article IV, each Participant’s 401(k) Contributions, Roth Elective Deferrals or After-Tax Contributions shall be 

  
 37 

 
credited to his or her Before-Tax Account, Roth Elective Deferral Account, and After-Tax Account, as applicable, as soon as practicable, but in any event no later than the 15th business day of
the next following month, subject to permissible extensions. 
 9.06 Charging Distributions. All payments or distributions made to a
Participant or his or her Beneficiary will be charged to the appropriate Accounts of such Participant. 
 9.07 Account Notices. In
accordance with applicable law, the Plan Administrator will provide to each Participant such notices as may be required to increase awareness of automatic enrollment, safe harbor, diversification and other rights affecting Accounts and participation
herein. 
 9.08 Statement of Account. As soon as practicable after the end of each calendar quarter, or at such other times as
required by applicable law or at such other times as the Plan Administrator may decide, each Participant will be furnished with a statement reflecting the condition of his or her Accounts in the Trust Fund as of that date. No Participant, except one
authorized by the Plan Administrator, shall have the right to inspect the records reflecting the Accounts of any other Participant. 
 9.09
Contribution Limitations. For each Plan Year, the annual addition (as defined below) to a Participant’s Accounts under the Plan shall not exceed the lesser of $53,000 (for Plan Years commencing on or after January 1, 2016, or as
adjusted for increases in the cost-of-living under Section 415(d) of the Code) or 100 percent of the Participant’s Section 415 compensation (as defined below) during that Plan Year. The term “annual addition” for any Plan
Year means the sum of the Employer Contributions, Contributions made by Participants and forfeitures credited to a Participant’s Accounts for that year. Any Contributions made by Participants which cannot be allocated to a Participant because
of the foregoing limitations (and any gains attributable thereto) shall be returned to him. Any Employer Contributions which cannot be allocated to a Participant because of the foregoing limitations shall be applied to reduce Employer Contributions
in succeeding Plan Years, in order of time. For all applicable purposes under the Plan (including determining amounts eligible for Deferral Pay), a Participant’s “Section 415 compensation” means his or her total cash compensation for
services rendered to the Employers as an Employee, determined in accordance with Treasury Regulation Section 1.415-2(d)(11)(i) and in accordance with the timing requirements of the final regulations promulgated under Section 415 of the
Code, but including pre-tax deferrals or payments made pursuant to Sections 125, 132(f) and 402(e)(3) of the Code and excluding any contribution for medical benefits after separation from service (within the meaning of Code Sections 401(h) or
419A(f)(2)) which is otherwise treated as an annual addition. Contributions made on behalf of a Participant in any qualified defined contribution plan of the Company will not exceed the limitation (as may be adjusted from time to time) under
Section 415 of the Code. 

  
 38 

 9.10 Allocation of Earnings to Distributions of Excess Contributions. The earnings
allocable to distributions of Participants’ 401(k) Contributions exceeding the limits of Sections 4.05 (Code Section 402(g) limit) and Participants’ After-Tax Contributions and Employer Matching Contributions exceeding the limits
of Section 9.11 (ACP limit) shall be determined as follows in the event any such testing is required under the Plan for any Plan Year: 
  

	 	(a)	for Section 4.05, earnings shall be determined by multiplying the income or loss attributable to the Participant’s 401(k) Contributions for the Plan Year by a fraction, the numerator of which is the excess
contributions to be distributed to the Participant for the Plan Year and the denominator of which is the sum of: (i) the Participant’s Before-Tax Account balance on the first day of the Plan Year, and (ii) the Participant’s
401(k) Contributions for such Plan Year. 

  

	 	(b)	for Section 9.11, earnings shall be determined by multiplying the income or loss attributable to the Participant’s After-Tax and Employer Matching Contributions for the Plan Year by a fraction, the numerator
of which is the excess aggregate contributions to be distributed to the Participant for the Plan Year and the denominator of which is the sum of: (i) the total of the Participant’s After-Tax Account balance and Company Match Account
balance on the first day of the Plan Year, and (ii) the total of the Participant’s After-Tax Contributions and Employer Matching Contributions for such Plan Year. 

Excess contributions and excess aggregate contributions shall not be adjusted for income or loss for the gap period. 

9.11 Limitation on Allocation of Contributions. In the event the testing contemplated by this Section 9.11 is required for any
Plan Year, this Section 9.11 shall apply. 
 Notwithstanding the foregoing provisions of this Article IX, in no event shall the actual contribution
percentage (“ACP,” as defined below) of the Highly Compensated Employees (as defined in Section 2.19) who are Plan Participants for any Plan Year exceed the greater of: 

 

	 	(a)	the contribution percentage of all other Participants for the current Plan Year multiplied by 1.25; or 

  

	 	(b)	the contribution percentage of all other Participants for the current Plan Year multiplied by 2.0; provided that the contribution percentage of the Highly Compensated Employees does not exceed that of all other
Participants for the current Plan Year by more than 2 percentage points. 

 The ACP of a group of Participants for a Plan Year means the
average of the actual contribution ratios (determined separately for each Participant in such group) of such group of Participants, where the actual contribution ratio for a Participant means the ratio of: (i) the sum of Employer Matching
Contributions (and, at the election of the Company, any qualified nonelective contributions (“QNECs”) or qualified matching contributions (“QMACs”) made to the Plan on behalf of the Participant) and Participant After-Tax
Contributions allocated to such Participant for such Plan Year; to (ii) the Participant’s compensation, determined in accordance with Section 414(s) of the Code, for such Plan Year. Pursuant to Treasury Regulation
Section 1.401(m)-2(a)(6)(v), QNECs cannot be taken into account for an applicable year for a non-Highly Compensated Employee to the extent such contributions exceed the product of that non-Highly
Compensated Employee’s compensation and the greater of 5% and 2 times the plan’s 

  
 39 

 
representative contribution rate. Pursuant to Treasury Regulation Section 1.401(m)-2(a)(5)(ii), QMACs cannot be taken into account for a non-Highly Compensated Employee to the extent the
QMAC exceeds the greatest of (1) 5% of compensation, (2) the employee’s elective deferrals for a year, and (3) the product of 2 times the plan’s representative matching rate and the employee’s elective deferrals for a
year. For purposes of this Section 9.11, a Participant means any Employee who is eligible to receive Employer Matching Contributions or to make Participant After-Tax Contributions under the Plan. 

Matching Contributions (that otherwise meet the ACP safe harbor provisions of Code Section 401(m)(11)) may be included in the ACP test, at the discretion
of the Plan Administrator. 
 The Employer Matching Contributions allocated to and Participant After-Tax Contributions made by the Highly Compensated
Employees will be reduced to the extent necessary to meet the requirements of this Section 9.11. For Purposes of this Section 9.11, such Employer Matching Contributions and Participant After-Tax Contributions are collectively referred to
as “Aggregate Contributions.” The reductions will occur in the following manner (and in accordance with guidance set out by the IRS, including Notice 97-2): 
  

	 	(c)	The actual contribution ratio of the Highly Compensated Employee with the highest actual contribution ratio is reduced such that the actual contribution ratio is equal the actual contribution ratio of the Highly
Compensated Employee with the next highest actual contribution ratio, provided, if applicable, that the reduction of the actual contribution ratio will be no more than is necessary to satisfy the ACP test indicated above. 

 

	 	(d)	The process of step (c) is repeated until the ACP test indicated above is satisfied. The total amount of excess Aggregate Contributions is equal to the sum of these hypothetical reductions multiplied, in each case,
by the Highly Compensated Employee’s compensation (as determined above). 

  

	 	(e)	The Aggregate Contributions of the Highly Compensated Employee with the highest dollar amount of Aggregate Contributions are reduced by the amount required to cause that Highly Compensated Employee’s Aggregate
Contributions to equal the dollar amount of the Aggregate Contributions of the Highly Compensated Employee with the next highest dollar amount of Aggregate Contributions. This amount is then distributed as provided below to the applicable Highly
Compensated Employee. However, if a lesser reduction, when added to the total dollar amount already distributed under this step, would equal the total excess Aggregate Contributions determined under step (d), the lesser reduction amount is
distributed. 

  

	 	(f)	If the total amount distributed in accordance with step (e) is less than the total excess Aggregate Contributions determined under step (d), step (e) is then repeated. 

If, because of the foregoing limitations, a portion of the Employer Matching Contributions allocated to, or the After-Tax Contributions (and any applicable
Employer Matching 

  
 40 

 
Contributions thereon) made by a Highly Compensated Employee may not be credited to his or her Account for a Plan Year, such portions of the After-Tax Contributions and vested Employer Matching
Contributions (and the earnings thereon) shall be distributed to such Employee within 2 1⁄2 months after the end of that Plan Year, but in no event later than
the last day of the next following Plan Year. Any such portions of the aforementioned Employer Matching Contributions that are not vested shall be forfeited. 

For purposes of the above ACP test, the actual contribution ratio of a Highly Compensated Employee will be determined by treating all plans subject to Code
Section 401(m) under which the Highly Compensated Employee is eligible (other than those that may not be permissively aggregated) as a single plan. 

The provisions herein relating to the ACP test shall be administered in accordance with Code Section 401(m) and the applicable regulations and guidance
thereunder. 
 9.12 Qualified Separate Lines of Business. In the event that Plan testing described in Sections 4.06 and 9.11
herein is required and occurs on the basis of individual “qualified separate lines of business” (as defined in the Code), Participants who transfer from one separate line of business to another separate line of business will be assigned to
the “qualified separate line of business” in which they are employed on the last day of the applicable testing year for purposes of the testing described in Sections 4.06 and 9.11 herein. Furthermore, such Participants’
applicable total annual pay and total annual contributions will be included in the qualified separate line of business in which they are employed on the last day of the applicable testing year. 

ARTICLE X 
 GENERAL
PROVISIONS 
 10.01 Fiduciary Responsibilities. The Plan Administrator is a named fiduciary and the administrator of the
Plan. The Investment Committee shall be the Plan’s named fiduciary with respect to the selection of investment funds and all other matters pertaining to the investment and management of Plan assets. All conforming changes related to naming the
Investment Committee as the named fiduciary for investment purposes shall be deemed to have been made to this document to effect the purposes and intent of such change. 

The Plan Administrator and the Investment Committee may allocate fiduciary responsibilities among the fiduciaries named in the Plan or may designate other
persons or entities other than named fiduciaries to carry out fiduciary responsibilities. 
 Any of the fiduciaries of the Plan may, by agreement among
themselves, allocate specific responsibilities among themselves or delegate to other persons all or such portion of their fiduciary duties hereunder, as they, in their sole discretion, shall decide, other than those granted to the Trustee under the
Trust Agreement. The Company may purchase insurance to cover the potential liability of all persons who serve in a fiduciary capacity (as defined in ERISA or the Plan) with regard to the Plan. 

  
 41 

 10.02 Fiduciary Liability. The Plan Administrator and members of the Investment Committee
shall use the degree of care, skill, prudence and diligence in carrying out their duties that a prudent man, acting in a like capacity and familiar with such matters, would use in his conduct of a similar situation. 

Except as provided in ERISA, in administering the Plan neither a person designated to act on behalf of the Plan Administrator, nor any member of the
Investment Committee, nor any Employer, nor any director, officer or employee thereof, shall be liable for any acts of omission or commission, except for his or its own individual, willful and intentional malfeasance or misfeasance and each
Employer, the officers, directors and employees of an Employer or the Company, and any member of the Investment Committee shall be entitled to rely conclusively on all tables, valuations, certificates, opinions and reports which shall be furnished
by any actuary, accountant, Trustee, insurance company, counsel or other expert who shall be employed or engaged by the Company, an Employer or the Investment Committee. 

10.03 Administration of the Plan. The Company shall administer the Plan in accordance with its terms and shall have all the powers
necessary to carry out the provisions of the Plan. The Company has the discretionary authority to construe and interpret the provisions of the Plan and make factual determinations thereunder, including the power to determine the rights or
eligibility of Employees or Participants and any other persons, and the amounts of their benefits under the Plan, and to remedy ambiguities, inconsistencies or omissions or to adjust Account balances or benefit payments in the event of overpayments
or underpayments; and such determinations shall be binding on all parties. The Company from time to time may adopt such rules and regulations as may be necessary or desirable for the proper and efficient administration of the Plan and as are
consistent with the terms of the Plan. The Company also, from time to time, may appoint such individuals to act as the Company’s representatives as the Company considers necessary or desirable for the efficient administration of the Plan. The
Company shall have no fiduciary responsibility relating to the selection of investment funds and all other matters pertaining to the investment and management of Plan assets. 

10.04 Investment Committee. The Investment Committee will be comprised of the Senior Vice President and Chief Financial Officer of the
Company, the Vice President – Treasurer of the Company, and the Senior Vice President – Human Resources and Administration (or such other comparable officers of the Company should the titles of the Company’s officers change) (each a
“Committee Member”). Each Committee Member may appoint a designee to serve in the Committee Member’s stead. The Investment Committee shall operate in accordance with its charter adopted by it and as may be amended by it from time
to time, which charter shall be incorporated into the Plan by this reference. 
 10.05 Delegation. The Plan Administrator and the
Investment Committee have the authority to delegate any of their powers or duties to any other person. Any such person may further delegate its powers or duties to another person. Unless otherwise expressly provided, any delegation or subsequent
delegation shall include the same full, final and discretionary authority that the delegating party has and any decisions, actions or interpretations made by any delegate shall have the same ultimate binding effect as if made by the delegating
entity. 

  
 42 

 10.06 Employment of Agents. The Plan Administrator and the Investment Committee may employ
such legal, medical, insurance, accounting, actuarial or other experts as it deems necessary or desirable in its sole discretion, in carrying out the provisions of the Plan. 

10.07 Action by Employers. Any action required or permitted to be taken by an Employing Unit under the Plan shall be by resolution of
its board of directors or any duly authorized officer and any delegates thereof. 
 10.08 Information Required by Company. Each
person entitled to benefits under the Plan shall furnish the Company, as Plan Administrator, with such documents, evidence, data or information as the Company considers necessary or desirable for the purpose of administering the Plan. The records of
the Company as to an Employee’s or Participant’s period of employment, service, Termination Date and reason therefor, leave of absence, reemployment and compensation/Deferral Pay will be conclusive on all persons unless determined to the
Company’s satisfaction to be incorrect. 
 10.09 Review of Benefit Determinations. The Company shall establish a benefits claim
procedure. If a claim for benefits is denied, the Company shall provide notice in writing to the Participant or Beneficiary, if appropriate, within 90 days after the claim is filed (plus an additional 90 days if special circumstances necessitate an
extension). Such notice shall explain the reasons for the denial, the Plan provisions on which the denial is based and any additional material or information needed to perfect the claim; and shall also set forth the procedure for requesting a review
of the claim. Within 75 days of receiving this notice of denial, the Participant may submit a written request for review on appeal to the Plan Administrator. The Participant or Beneficiary, if appropriate, also shall be afforded the opportunity to
review pertinent documents on which the denial is based and to submit comments and address issues in writing. Within 60 days of receiving such a request for review (or within 120 days, if special circumstances necessitate an extension), the Company
shall issue written notice of its decision on the appeal, which notice shall set forth the specific reasons for the decision, including references to the pertinent Plan provisions on which the decision is based. Any claims relating to Disability
will be processed in accordance with the procedures described in the Plan’s summary plan description. No individual shall be permitted to file any lawsuit, either in law or equity, until after such individual has exhausted and complied with the
claim and appeal provisions herein. 
 10.10 Company’s Decision Final. Subject to applicable law, any interpretation of the
provisions of the Plan and any decisions on any matter made by the Company in good faith shall be binding on all persons. A misstatement or other mistake of fact shall be corrected when it becomes known and the Company shall make such adjustment on
account thereof as it considers equitable and practicable. The Company or its delegate shall have full discretion to determine eligibility for benefits or to interpret the Plan, resolve any disputes arising from Plan language, construe any ambiguous
or uncertain terms therein and make all other determinations necessary or advisable for the discharge of its duties under the Plan including but not limited to making findings of facts. As such, benefits will only be paid if the Company determines
that a person is entitled to them. Any such determination, interpretation, resolution or construction made by the Company in good faith shall be final and binding on all persons. 

  
 43 

 10.11 Action by Company. Any action required or permitted to be taken by the Company under
the Plan shall be by action of its Board of Directors or its delegate or by any duly authorized officer or employee. 
 10.12 Waiver of
Notice. Subject to applicable law, any notice required under the Plan may be waived by the person entitled to such notice. 
 10.13
Gender and Number. Where the context admits, words in the masculine gender shall include the feminine and neuter genders, the singular shall include the plural, and the plural shall include the singular. 

10.14 Controlling Law. Except to the extent superseded by laws of the United States, the laws of the state of New York shall be
controlling in all matters relating to the Plan. 
 10.15 Employment Rights. The Plan does not constitute a contract of employment,
and participation in the Plan will not give any Employee the right to be retained in the employ of an Employer, nor any right or claim to any benefit under the Plan, unless such right or claim has specifically accrued under the terms of the Plan.

 10.16 Litigation by Participants. If a legal action begun against the Trustee, the Company or an Employer by or on behalf of any
person results adversely to that person, or if a legal action arises because of conflicting claims to a Participant’s or other person’s benefits, the cost to the Trustee, the Company or the Employer of defending the action will be charged
to the extent permitted by law to the sums, if any, which were involved in the action or were payable to the person concerned. 
 10.17
Interests Not Transferable. The interests of persons entitled to benefits under the Plan are not subject to their debts or other obligations and, except as may be required by the tax withholding provisions of the Code or any state’s
income tax act or pursuant to a Qualified Domestic Relations Order as defined in Section 414(p) of the Code, may not be voluntarily or involuntarily sold, transferred, alienated, assigned or encumbered. 

10.18 Absence of Guaranty. The Company does not in any way guarantee the Trust Fund from loss or depreciation. The liability of the
Trustee, the Company or the Employers to make any payment under the Plan will be limited to the assets held by the Trustee that are available for that purpose. 

10.19 Evidence. Evidence required of anyone under the Plan may be by certificate, affidavit, document or other information which the
person acting on it considers pertinent and reliable, and signed, made or presented by the proper party or parties. 
 10.20
Indemnification. Each officer, director and employee of the Company who has been designated to carry out any fiduciary or administrative responsibility shall be indemnified by the Company against all expenses (including costs and
attorneys’ fees) actually and necessarily incurred or paid by that person in connection with the defense of any action, suit or proceeding in any way relating to or arising from the Plan to which that person may be made a party by reason of his
or her being or having been so designated or by reason of any action or omission or alleged action or omission by that person in such capacity, and against any amount 

  
 44 

 
or amounts which may be paid by that person (other than to the Company) in reasonable settlement of such action, suit or proceeding, where it is in the interest of the Company that such
settlement be made. In cases where such action, suit or proceeding shall proceed to final adjudication such indemnification shall not extend to matters as to which it shall be adjudged that such officer, director or employee is liable for negligence
or misconduct in the performance of his or her duties as such. The right of indemnification herein provided shall not be exclusive of other rights to which any such officer, director or employee may now or hereafter be entitled, shall continue as to
a person who has ceased to be so designated, and shall inure to the benefit of the heirs, executors and administrators of such officer, director or employee. 

10.21 Unclaimed Distributions. If, within a reasonable period of time after any distribution becomes due to a Participant or Inactive
Participant, the same shall not have been claimed, provided due and proper care shall have been exercised by the Trustee and the Employer in attempting to make such distribution, the amount thereof shall be used to reduce Employer Contributions or
used to pay expenses of the Plan consistent with Section 10.22. Should a Participant or Inactive Participant, or Alternate Payee subsequently make proper claim for such amount, it will be paid to the Trust Fund by the Employer and distributed
in accordance with the terms of the Plan. 
 10.22 Plan Expenses. 

 

	 	(a)	All reasonable and proper expenses incurred in the administration of the Plan shall be paid from the Trust Fund, unless paid by the Company or the Employing Unit(s); provided, however, the Company or the Employing
Unit(s) may pay any of such expenses or reimburse the Trust Fund for any payment, or the Trust Fund may reimburse the Company or the Employing Unit(s) for any payment the Company or the Employing Unit(s) has paid. The payment by the Company or the
Employing Unit(s) of any particular expense for a Plan Year shall not be deemed an election to pay that or any other expense in that or any subsequent Plan Year. 

  

	 	(b)	To the extent that expenses are paid from the Trust Fund, the Plan Administrator shall determine how such expenses are to be allocated. Without limitation, expenses may be charged directly against individual
Participant Accounts, against the assets of investment funds or as otherwise determined by the Plan Administrator. The Plan Administrator is authorized to establish administrative fees which may be charged against a Participant’s Account.

  

	 	(c)	Without limitation, (i) expenses may be paid from a clearing or other account, and may be accrued for, based on estimated expenses, against the Plan investment funds or Participant Accounts during any period
determined by the Plan Administrator, and paid as and when determined by the Plan Administrator, and (ii) amounts accrued during a Plan Year may be used to pay expenses incurred in a prior, current or future Plan Year, and true-ups may be
directed by the Plan Administrator from time to time if, to the extent it deems them necessary or desirable. 

  
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 10.23 Disaster Relief. Notwithstanding any provision of the Plan to the contrary, the Plan
shall be administered in accordance with the Katrina Emergency Tax Relief Act of 2005 and any related authority promulgated by any United States administrative agency. 

10.24 Statute of Limitations. After exhausting the Plan’s administrative claim and appeal provisions, and except for claims
relating to Disability, an individual wishing to bring a lawsuit in either state or federal court challenging a claim denial must commence the lawsuit no later than six months after the individual receives a final denial letter indicating the
individual has exhausted his or her administrative appeals and has the right to file a lawsuit. In addition to this six-month deadline that applies to filing a lawsuit after the claims and appeals procedures are exhausted, a general time
limitation shall apply to all lawsuits involving all types of Plan issues except for Disability-related claims. An individual must commence any such lawsuit involving Plan claims no later than two years after the individual first receives
information that constitutes a clear repudiation of the rights the individual is seeking to assert (i.e., the underlying event or issue that should have triggered the individual’s awareness that his or her rights under the Plan may
have been violated). Although any period of time when an individual’s claim is in the claims procedure described above (i.e., the time between when an individual files a claim for benefits with the Plan Administrator and the time the
individual receives a final determination letter from the Plan Administrator) does not count against the two-year period, once the claims procedure process is completed, the two-year period will continue running from the point at which it was
tolled. 
 Legal actions may be brought on a denied Disability claim no later than one year after a final decision is rendered on a claim. 

In order to raise an issue in any legal action related to the claim, an individual must have clearly raised such issue during the claims and appeals procedure
described above. 
 10.25 Mitigation. In order to mitigate any damages or other negative effects, individuals must always carefully
review their account statements, confirmations, payroll records (e.g., for deductions and contributions made to the Plan) and any other records relating to the Plan, and report any discrepancies or other concerns within 30 days of the date of the
applicable record through the procedures discussed in the summary plan description. An individual must file a claim under the Plan’s claim procedures if his or her concerns cannot be resolved within this time. Neither the Company, the Plan, the
Plan Administrator, nor any of their agents or employees will be responsible for damages or other negative effects caused by an individual’s failure to follow these requirements and procedures. 

ARTICLE XI 

AMENDMENT AND TERMINATION 

11.01 Amendment. While the Company expects and intends to continue the Plan, the Company reserves the right to amend the Plan (in
accordance with the procedures set forth in Section 10.11) from time to time, except as follows: 
  

	 	(a)	No amendment shall reduce the value of a Participant’s benefits to less than the amount he would be entitled to receive if he had resigned from the employ of all of the Employers on the date of the amendment; and

  
 46 

	 	(b)	Except as provided elsewhere in the Plan, under no condition shall an amendment result in the return or repayment to any Employer of any part of the Trust Fund or the income from it or result in the distribution of the
Trust Fund for the benefit of anyone other than persons entitled to benefits under the Plan. Notwithstanding the foregoing, the Company, or its delegate, shall have the duty and power revise the Plan, Supplements, Exhibits or Appendices, as well as
addenda or amendments thereto, to correct errors, including but not limited to scrivener’s errors, to the extent such correction is necessary to reflect the intent of the Plan; provided that such correction shall be applied as if included in
the original provisions. 

 11.02 Termination. The Plan will terminate as to all Employers on any date specified by the
Company (in accordance with the procedures set forth in Section 10.11). The Plan will terminate as to an individual Employer on the first to occur of the following: 
  

	 	(a)	The date it is terminated by that Employer (in accordance with the procedures set forth in Section 10.07) if 30 days advance written notice of the termination is given to the Company, the Trustee and other
Employers. 

  

	 	(b)	The date that Employer is judicially declared bankrupt or insolvent. 

  

	 	(c)	The date that either the Company completely discontinues contributions under the Plan on behalf of that Employer or that Employer completely discontinues contributions under the Plan. 

 

	 	(d)	The dissolution, merger, consolidation or reorganization of that Employer, or the sale by the Company or that Employer of all or substantially all of that Employer’s assets, except that: 

 

	 	(1)	in any such event, arrangements may be made with the consent of the Company whereby the Plan will be continued by any successor to that Employer or any purchaser of all or substantially all of its assets, in which case
the successor or purchaser will be substituted for that Employer under the Plan and the Trust Agreement; and 

  

	 	(2)	if an Employer is merged, dissolved, or in any other way reorganized into, or consolidated with, any other Employer, the Plan as applied to the former Employer will automatically continue in effect without a termination
thereof. 

 11.03 Vesting and Distribution on Termination. On termination or partial termination of the Plan, the date
of termination will be a “special accounting date” and, after all adjustments then required have been made, each affected Participant’s benefits will be nonforfeitable and will be distributable to the Participant or his or her
beneficiary in accordance with the provisions of Article VIII. 

  
 47 

 11.04 Notice of Amendment or Termination. Participants will be notified of an amendment or
termination of the Plan in accordance with applicable law. 
 11.05 Plan Merger, Consolidation, etc.. In the case of any merger or
consolidation with, or transfer of assets or liabilities to, any other plan, each Participant’s benefits if the Plan terminated immediately after such merger, consolidation or transfer shall be equal to or greater than the benefits he would
have been entitled to receive if the Plan had terminated immediately before the merger, consolidation or transfer. 
 ARTICLE XII 

SPECIAL RULES FOR TOP-HEAVY PLANS 

12.01 Purpose and Effect. The purpose of this Article XII is to comply with the requirements of Section 416 of the Code. The
provisions of this Article XII shall be effective for each Plan Year in which the Plan is a “top-heavy plan” within the meaning of Section 416(g) of the Code. Notwithstanding anything to the contrary, the Plan shall be governed by the
then in effect Code Section 416 in the event the Plan is a “top-heavy plan” within the meaning of Code Section 416 for any given Plan Year. 

12.02 Top-Heavy Plan. 
  

	 	(a)	In general, the Plan will be a top-heavy plan for any Plan Year if, as of the last day of the preceding Plan Year (the “determination date”), the present value of accrued benefits of Participants who are key
employees (as defined in Section 416(i)(1) of the Code) to the present value of accrued benefits of all Participants exceeds 60% taking into account all distributions made during a 1-year period ending on the most recent determination date and
not taking into account any accrued benefit or Account balance of an individual who has not performed services for an Employer during a 1-year period ending on the determination date, except that in the case of a distribution made for a reason other
than severance from employment, death or disability, this provision shall be applied by substituting “5-year period” for “1-year period.” 

  

	 	(b)	 Distributions during year ending on the determination date. The present values of accrued benefits and the amounts of Account balances of an
Employee as of the determination date shall be increased by the distributions made with respect to the Employee under the Plan and any plan aggregated with the Plan under Section 416(g)(2) of the Code during the 1-year period ending on the
determination date. The preceding sentence shall also apply to distributions under a terminated plan which, had it not been terminated, would have been aggregated with the Plan under Section 416(g)(2)(A)(i) of the Code. In the case of a
distribution 

  
 48 

	 	
made for a reason other than severance from employment, death, or Disability, this provision shall be applied by substituting “5-year period” for “1-year period.”

  

	 	(c)	Employees not performing services during year ending on the determination date. The accrued benefits and Accounts of any individual who has not performed services for an Employer during the 1-year period ending
on the determination date shall not be taken into account. 

  

	 	(d)	Matching contributions. Employer Matching Contributions shall be taken into account for purposes of satisfying the minimum contribution requirements of Section 416(c)(2) of the Code and the Plan. The
preceding sentence shall apply with respect to Employer Matching Contributions under the Plan or, if the Plan provides that the minimum contribution requirement shall be met in another plan, such other plan. Employer Matching Contributions that are
used to satisfy the minimum contribution requirements shall be treated as matching contributions for purposes of the actual contribution percentage test and other requirements of Section 401(m) of the Code. 

12.03 Key Employee. Key employee means any Employee or former Employee (including any deceased Employee) who at any time during the
Plan Year that includes the determination date was an officer of an Employer having annual compensation greater than $170,000 (as adjusted under Section 416(i)(1) of the Code for Plan Years beginning on or after January 1, 2016), a 5-percent owner of an Employer, or a 1-percent owner of an Employer having annual compensation of more than $150,000. For this purpose, annual compensation means compensation within the meaning of
Section 415(c)(3) of the Code. In all cases, the determination of who is a key employee will be made in accordance with Section 416(i)(1) of the Code and the applicable regulations and other guidance of general applicability issued
thereunder. 
 12.04 Minimum Vesting. For any Plan Year in which the Plan is a top-heavy plan, a Participant shall be 100% vested in
his or her Employer Contributions after three years of Continuous Service. If the foregoing provisions of this Section 12.04 become effective, and the Plan subsequently ceases to be a top-heavy plan, each Participant who has then completed
three or more years of service may elect to continue to have the vested percentage of his or her Employer Contributions determined under the provisions of this Section 12.04. 

12.05 Minimum Employer Contribution. For any Plan Year in which the Plan is a top-heavy plan, the Employer contributions and
forfeitures, if any, credited to each Participant who is not a key employee shall not be less than 3 percent of such Participant’s Compensation for that year. In no event, however, shall the Employer Contribution credited in any year to a
Participant who is not a key employee exceed the maximum Employer Contribution credited in that year to a key employee (expressed as percentage of such key employee’s compensation). 

  
 49 

 12.06 Aggregate of Plans. In accordance with Section 416(g)(2) of the Code, other
plans maintained by the Employers may be required or permitted to be aggregated with this Plan for purposes of determining whether the Plan is a top-heavy plan. 

For purposes of determining whether the Plan is a top-heavy plan for a particular Plan Year, the required aggregation group includes each plan of the Employer
in which a key employee participates (in the Plan Year containing the determination date or any of the four preceding Plan Years) and each other plan which enables any plan in which a key employee participates during the period tested to meet the
requirements of Code Sections 401(a)(4) or 410(b). A permissive aggregation group consists of the plans of the Employer that are required to be aggregated, plus one or more plans of the Employer that are not part of the required aggregation group
but that satisfy the requirements of Code Sections 401(a)(4) and 410(b) when considered together with the required aggregation group. 

12.07 No Duplication of Benefits. If the Employers maintain more than one plan, the minimum Employer Contribution otherwise required
under Section 12.05 above may be reduced in accordance with regulations of the Secretary of the Treasury to prevent inappropriate duplication of minimum contributions or benefits. 

12.08 Adjustment of Combined Benefit Limitations. To the extent required under applicable law only, for any Plan Year in which the Plan
is a top-heavy plan, the determination of the defined contribution plan fraction and defined benefit plan fraction in accordance with Section 415 of the Code and Section 1106 of the Tax Reform Act of 1986 shall be adjusted in accordance
with the provisions of Section 416(h) of the Code. 
 12.09 Use of Terms. All terms and provisions of the Plan shall apply to
this Article XII, except that where the terms and provisions of the Plan and this Article XII conflict, the terms and provisions of this Article XII shall govern. 

ARTICLE XIII 
 HEART
ACT PROVISIONS 
 13.01 Death Benefits. Notwithstanding any provision of the Plan to the contrary, in the case
of a Participant who dies while performing Qualified Military Service (as defined in Code Section 414(u)), the Participant’s Beneficiary is entitled to any additional benefits (other than benefit accruals relating to the period of
qualified military service) provided under the Plan as if the Participant had resumed and then terminated employment on account of death. The Plan will credit the Participant’s Qualified Military Service as service for purposes of vesting as
though the Participant had resumed employment under the Uniformed Services Employment and Reemployment Rights Act (USERRA) immediately prior to the Participant’s death. 

13.02 Differential Wage Payments. Notwithstanding any provision of the Plan to the contrary, (i) a Participant
receiving a differential wage payment (as defined in Code Section 3401(h)(2)) shall be treated as an Employee, (ii) the differential wage payment shall be treated as compensation for Code Section 415(c)(3) purposes and for Treasury
Regulations 

  
 50 

 
Section 1.415-2(d) purposes, as well as for purposes of determining the Employer Contributions to which the Participant is entitled under the terms of the Plan, and (iii) the Plan shall
not be treated as failing to meet the requirements of any provision described in Code Section 414(u)(1)(C) by reason of any contribution or benefit which is based on the differential wage payment. Section 13.02(iii) will only apply to the
extent allowed pursuant to Code Section 414(u)(12)(C). 
 13.03 Severance From Employment. Notwithstanding any provision of the
Plan to the contrary (including Section 13.02), for purposes of Code Section 401(k)(2)(B)(i)(I), a Participant shall be treated as having been severed from employment during any period the Participant is performing service in the uniformed
services described in Code Section 3401(h)(2)(A). If the Participant chooses to take a distribution from the Plan by reason of the preceding sentence, the Participant shall not be able to make any elective deferral or employee contribution to
the Plan during the 6-month period beginning on the date of the distribution. To the extent the Participant requests a distribution pursuant to this Section 13.03 that also qualifies as a Qualified Reservist Distribution, the terms of the Plan
providing for Qualified Reservist Distributions will govern the distribution, and the 6-month suspension provided under Section 13.03 will not apply. 

  
 51 

 GENERAL DYNAMICS CORPORATION 401(k) PLAN 3.5 

Supplement A - General Dynamics Information Technology 
  

	A-1	Purpose, Superseding Provision. The purpose of this Supplement A is to provide for certain Plan provisions for those Eligible Employees of the Employing Units listed in Exhibit A to this Supplement (the
“Supplement A Employees”). This Supplement forms part of the Plan to which it is attached, and its terms shall supersede other provisions of the Plan to the extent such provisions are inconsistent with this Supplement. The terms and
provisions of this Supplement are effective for such Supplement A Employees for the applicable time periods indicated in Exhibit A (or as otherwise indicated herein in this Supplement). 

 

	A-2	Participant 401(k) Contributions, Roth Elective Deferrals, and After-Tax Contributions. In accordance with Section 4.01 of the Plan, a Supplement A Employee may elect to make 401(k) Contributions in an
amount equal to not less than one percent and not more than 50 percent (in multiples of one percent) of his or her Deferral Pay. In accordance with Section 4.03 of the Plan, a Supplement A Employee may also elect to make After-Tax Contributions
in an amount equal to not less than one percent and not more than 50 percent (in multiples of one percent) of his or her Deferral Pay. In accordance with Section 4.10 of the Plan, a Supplement A Employee may also elect to make Roth Elective
Deferrals in an amount equal to not less than one percent and not more than 50 percent (in multiples of one percent) of his or her Deferral Pay. In no event shall a Supplement A Employee’s 401(k) Contributions, Roth Elective Deferrals and
After-Tax Contributions in the aggregate exceed 50 percent of his or her Deferral Pay. 

 Supplement A Employees that are
Highly Compensated Employees may elect to make 401(k) Contributions in an amount equal to not less than one percent and not more than 50 percent (in multiples of one percent) of his or her Deferral Pay, may elect to make After-Tax Contributions in
an amount equal to not less than one percent and not more than 50 percent (in multiples of one percent) of his or her Deferral pay, and may also elect to make Roth Elective Deferrals in an amount equal to not less than one percent and not more than
50 percent (in multiples of one percent) of his or her Deferral Pay. In no event shall such Highly Compensated Employees’ 401(k) Contributions, Roth Elective Deferrals and After-Tax Contributions in the aggregate exceed 50 percent of his or her
Deferral Pay, or such other limitations as may be imposed by the Plan Administrator from time to time. The Plan Administrator may from time to time change the limitations on contributions that may be made by a Highly Compensated Employee. 

 

	A-3	Vesting. If made, any Employer Contributions and earnings specified in Section 7.02(c) of the Plan shall be fully vested in three years of Continuous Service. All contributions made under the Arma 401(k)
Savings Plan shall be fully vested as of January 1, 2016. 

  
 52 

 Exhibit A to Supplement A 

 

			
	Employing Units	  	Effective Date
	General Dynamics Information Technology (“GDIT”) non-represented Employees who are in one of the following groups:	  	January 1, 2016

  

	 	•	 	GDIT Intelligence Solutions Division (“ISD”) Employees:  

 GDIT
ISD Employees hired, rehired or transferred on or after January 1, 2016. 
  

	 	•	 	General Dynamics Corporation 401(k) Plan 3.0 Transfers:  

 GDIT ISD
Employees who were transferred to the Plan from the General Dynamics Corporation 401(k) Plan 3.0 on January 1, 2016 (GDIT ISD Employees not working on expanded reduced fringe rate contracts who were hired, rehired, or voluntarily transferred in
2015). 
  

	 	•	 	General Dynamics Corporation 401(k) Plan 4.5 Transfers:  

 GDIT Employees
who were transferred to the Plan from the General Dynamics Corporation 401(k) Plan 4.5 on January 1, 2016 (GDIT non-ISD Employees who were eligible for the General Dynamics Corporation 401(k) Plan 4.5 as of December 31, 2014 (such
Employees designated as “grandfathered” on the Plan’s internal recordkeeping system)). 
  

	 	•	 	Arma 401(k) Employee Savings Plan Transfers:  

 GDIT ISD Employees of ARMA
Global Corporation who transferred to the Plan on January 1, 2016. 

  
 53

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