Document:

Credit Agreement

 Exhibit 10.1 
 EXECUTION COPY 
  
  

 
 Published CUSIP Number: 74018DAF3

 CREDIT AGREEMENT 
 Dated as of December 17, 2012 
 among 

PRECISION CASTPARTS CORP., 
 as the Borrower, 
 BANK OF AMERICA, N.A., 

as Administrative Agent, 
 WELLS FARGO BANK, NATIONAL ASSOCIATION 
 and 

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

U.S. BANK NATIONAL ASSOCIATION, 
 PNC BANK, NATIONAL ASSOCIATION, 
 and 

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. 
 as Co-Documentation Agents, 
 and 

The Other Lenders Party Hereto 
 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 
 CITIGROUP
GLOBAL MARKETS INC. 
 and 
 WELLS FARGO SECURITIES, LLC, 
 as 

Joint Lead Arrangers and Joint Book Managers 
  

 
  

 TABLE OF CONTENTS 
  

							
	Section	  	 	  	Page	 
		
	 ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS
	  	 	1	  
	 1.01
	  	Defined Terms	  	 	1	  
	 1.02
	  	Other Interpretive Provisions	  	 	15	  
	 1.03
	  	Accounting Terms	  	 	16	  
	 1.04
	  	Rounding	  	 	16	  
	 1.05
	  	Times of Day	  	 	16	  
		
	 ARTICLE II. THE COMMITMENTS AND CREDIT EXTENSIONS
	  	 	17	  
	 2.01
	  	Loans	  	 	17	  
	 2.02
	  	Borrowings, Conversions and Continuations of Loans	  	 	17	  
	 2.03
	  	Prepayments	  	 	18	  
	 2.04
	  	Termination or Reduction of Commitments	  	 	19	  
	 2.05
	  	Repayment of Loans	  	 	19	  
	 2.06
	  	Interest	  	 	19	  
	 2.07
	  	Fees	  	 	20	  
	 2.08
	  	Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate	  	 	20	  
	 2.09
	  	Evidence of Debt	  	 	21	  
	 2.10
	  	Payments Generally; Administrative Agent’s Clawback	  	 	21	  
	 2.11
	  	Sharing of Payments by Lenders	  	 	23	  
	 2.12
	  	Defaulting Lenders	  	 	24	  
		
	 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY
	  	 	25	  
	 3.01
	  	Taxes	  	 	25	  
	 3.02
	  	Illegality	  	 	29	  
	 3.03
	  	Inability to Determine Rates	  	 	29	  
	 3.04
	  	Increased Costs; Reserves on Eurodollar Rate Loans	  	 	30	  
	 3.05
	  	Compensation for Losses	  	 	31	  
	 3.06
	  	Mitigation Obligations; Replacement of Lenders	  	 	32	  
	 3.07
	  	Survival	  	 	32	  
		
	 ARTICLE IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
	  	 	32	  
	 4.01
	  	Conditions of Initial Credit Extension	  	 	32	  
	 4.02
	  	Conditions to all Credit Extensions	  	 	34	  
		
	 ARTICLE V. REPRESENTATIONS AND WARRANTIES
	  	 	34	  
	 5.01
	  	Corporate Existence and Power	  	 	34	  
	 5.02
	  	No Contravention	  	 	35	  
	 5.03
	  	Corporate Authorization; Binding Effect	  	 	35	  
	 5.04
	  	Financial Information	  	 	35	  
	 5.05
	  	Litigation; Taxes	  	 	36	  
	 5.06
	  	Margin Regulations; Investment Company Act	  	 	36	  
	 5.07
	  	Governmental Approvals	  	 	36	  
	 5.08
	  	Pari Passu Obligations	  	 	36	  

  
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	 5.09
	  	No Defaults	  	 	36	  
	 5.10
	  	Full Disclosure	  	 	36	  
	 5.11
	  	ERISA	  	 	36	  
	 5.12
	  	Environmental Matters	  	 	37	  
	 5.13
	  	Taxpayer Identification Number	  	 	37	  
	 5.14
	  	Patriot Act	  	 	37	  
		
	 ARTICLE VI. AFFIRMATIVE COVENANTS
	  	 	37	  
	 6.01
	  	Information	  	 	37	  
	 6.02
	  	Payment of Obligations	  	 	39	  
	 6.03
	  	Insurance	  	 	39	  
	 6.04
	  	Maintenance of Existence	  	 	39	  
	 6.05
	  	Maintenance of Properties	  	 	40	  
	 6.06
	  	Compliance with Laws	  	 	40	  
	 6.07
	  	Use of Facility	  	 	40	  
	 6.08
	  	Covenant to Guarantee Obligations; Release of Guaranty; Further Covenant to Guarantee	  	 	40	  
		
	 ARTICLE VII. NEGATIVE COVENANTS
	  	 	41	  
	 7.01
	  	Mergers, Consolidations and Sales of Assets	  	 	41	  
	 7.02
	  	Limitation on Liens	  	 	42	  
	 7.03
	  	Leverage Ratio	  	 	44	  
	 7.04
	  	Limitations on Subsidiary Indebtedness	  	 	44	  
		
	 ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES
	  	 	45	  
	 8.01
	  	Events of Default	  	 	45	  
	 8.02
	  	Remedies Upon Event of Default	  	 	46	  
	 8.03
	  	Application of Funds	  	 	47	  
		
	 ARTICLE IX. ADMINISTRATIVE AGENT
	  	 	48	  
	 9.01
	  	Appointment and Authority	  	 	48	  
	 9.02
	  	Rights as a Lender	  	 	48	  
	 9.03
	  	Exculpatory Provisions	  	 	48	  
	 9.04
	  	Reliance by Administrative Agent	  	 	49	  
	 9.05
	  	Delegation of Duties	  	 	49	  
	 9.06
	  	Resignation of Administrative Agent	  	 	49	  
	 9.07
	  	Non-Reliance on Administrative Agent and Other Lenders	  	 	50	  
	 9.08
	  	No Other Duties, Etc	  	 	51	  
	 9.09
	  	Administrative Agent May File Proofs of Claim	  	 	51	  
	 9.10
	  	Guaranty Matters	  	 	51	  
	 9.11
	  	Cash Management Agreements and Swap Contracts	  	 	51	  
		
	 ARTICLE X. MISCELLANEOUS
	  	 	52	  
	 10.01
	  	Amendments, Etc	  	 	52	  
	 10.02
	  	Notices; Effectiveness; Electronic Communication	  	 	53	  
	 10.03
	  	No Waiver; Cumulative Remedies; Enforcement	  	 	55	  
	 10.04
	  	Expenses; Indemnity; Damage Waiver	  	 	56	  

  
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	 10.05
	  	Payments Set Aside	  	 	57	  
	 10.06
	  	Successors and Assigns	  	 	58	  
	 10.07
	  	Treatment of Certain Information; Confidentiality	  	 	61	  
	 10.08
	  	Right of Setoff	  	 	62	  
	 10.09
	  	Interest Rate Limitation	  	 	62	  
	 10.10
	  	Counterparts; Integration; Effectiveness	  	 	63	  
	 10.11
	  	Survival of Representations and Warranties	  	 	63	  
	 10.12
	  	Severability	  	 	63	  
	 10.13
	  	Replacement of Lenders	  	 	63	  
	 10.14
	  	Governing Law; Jurisdiction; Etc.	  	 	65	  
	 10.15
	  	Waiver of Jury Trial	  	 	65	  
	 10.16
	  	No Advisory or Fiduciary Responsibility	  	 	66	  
	 10.17
	  	Electronic Execution of Assignments and Certain Other Documents	  	 	66	  
	 10.18
	  	USA PATRIOT Act	  	 	66	  
		
	 SIGNATURES
	  	 	S-1	  

  
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	 SCHEDULES

		
	 2.01
	  	Commitments and Applicable Percentages
	 10.02
	  	Administrative Agent’s Office; Certain Addresses for Notices
	
	 EXHIBITS

		
		  	Form of
		
	 A
	  	Loan Notice
	 B
	  	Note
	 C
	  	Compliance Certificate
	 D
	  	Assignment and Assumption
	 E
	  	Guaranty
	 F
	  	Opinion

  
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 CREDIT AGREEMENT 

This CREDIT AGREEMENT (“Agreement”) is entered into as of December 17, 2012, among PRECISION CASTPARTS
CORP., an Oregon corporation (the “Borrower”), each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), and BANK OF AMERICA, N.A., as
Administrative Agent. 
 The Borrower has requested that the Lenders provide a revolving credit facility, and the Lenders are
willing to do so on the terms and conditions set forth herein. 
 In consideration of the mutual covenants and agreements herein
contained, the parties hereto covenant and agree as follows: 
 ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS

 1.01 Defined Terms. As used in this Agreement, the following terms shall have the meanings set forth below:

 “Administrative Agent” means Bank of America in its capacity as administrative agent under any of the Loan
Documents, or any successor administrative agent. 
 “Administrative Agent’s Office” means the
Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify to the Borrower and the Lenders. 

“Administrative Questionnaire” means an Administrative Questionnaire in a form approved by the Administrative Agent.

 “Affiliate” means, with respect to any Person, another Person that directly, or indirectly through one or
more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Aggregate
Commitments” means the Commitments of all the Lenders. 
 “Agreement” means this Credit Agreement.

 “Applicable Percentage” means with respect to any Lender at any time, the percentage (carried out to the
ninth decimal place) of the Aggregate Commitments represented by such Lender’s Commitment at such time, subject to adjustment as provided in Section 2.12. If the commitment of each Lender to make Loans has been terminated pursuant
to Section 8.02 or if the Aggregate Commitments have expired, then the Applicable Percentage of each Lender shall be determined based on the Applicable Percentage of such Lender most recently in effect, giving effect to any subsequent
assignments. The initial Applicable Percentage of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable.

  
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 “Applicable Rate” means, from time to time, the following percentages per
annum, based upon the Debt Rating as set forth below: 
  

									
	 Applicable Rate

	 Pricing Level
	 	 Debt Ratings

S&P/Moody’s
	 	 Facility Fee
	 	 Eurodollar Rate
	 	 Base Rate +

	 1
	 	A/A2 or better	 	0.050%	 	0.700%	 	0.000%
	 2
	 	A-/A3 or worse	 	0.075%	 	0.800%	 	0.000%

 “Debt Rating” means, as of any date of determination, the rating as
determined by either S&P or Moody’s (collectively, the “Debt Ratings”) of the Borrower’s non-credit-enhanced, senior unsecured long-term debt; provided that (a) if the respective Debt Ratings issued by the
foregoing rating agencies differ by one level and one of the ratings is A or A2, Pricing Level 1 shall apply; (b) if there is a split in Debt Ratings of more than one level, Pricing Level 2 shall apply; (c) if the Borrower has only one
Debt Rating, the Pricing Level of such Debt Rating shall apply; and (d) if the Borrower does not have any Debt Rating, Pricing Level 2 shall apply. 
 Initially, the Applicable Rate shall be determined based upon the Debt Rating specified in the certificate delivered pursuant to Section 4.01(a)(viii). Thereafter, each change in the
Applicable Rate resulting from a publicly announced change in the Debt Rating shall be effective during the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the effective date of the next
such change. 
 “Approved Fund” means any Fund that is administered or managed by (a) a Lender,
(b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 

“Arrangers” means, collectively, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets
Inc. and Wells Fargo Securities, LLC, each in its capacity as joint lead arranger and joint book manager. 
 “Assignee
Group” means two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds managed by the same investment advisor. 
 “Assignment and Assumption” means an assignment and assumption entered into by a Lender and an assignee (with the consent of any party whose consent is required by
Section 10.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit D or any other form approved by the Administrative Agent. 

“Audited Financial Statements” means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the
fiscal year ended April 1, 2012, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto. 

“Availability Period” means the period from and including the Closing Date to the earliest of (a) the Termination
Date, (b) the date of termination of the Aggregate Commitments pursuant to Section 2.04, and (c) the date of termination of the commitment of each Lender to make Loans pursuant to Section 8.02. 

  
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 “Bank of America” means Bank of America, N.A. and its successors.

 “Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the Federal
Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate,” and (c) the Eurodollar Rate plus 1.00%. The “prime
rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be
priced at, above, or below such announced rate. Any change in such prime rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change. 

“Base Rate Loan” means a Loan that bears interest based on the Base Rate. 

“Borrower” has the meaning specified in the introductory paragraph hereto. 

“Borrower Materials” has the meaning specified in Section 6.01. 

“Borrowing” means a borrowing consisting of simultaneous Loans of the same Type and, in the case of Eurodollar Rate
Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01. 
 “Bridge
Facility” means that certain senior unsecured bridge loan in aggregate principal amount of $3,000,000,000 committed to be made to the Borrower pursuant to that certain commitment letter, dated November 9, 2012, among Bank of America,
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and the Borrower. 

“Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to
close under the Laws of, or are in fact closed in, the state where the Administrative Agent’s Office is located and, if such day relates to any Eurodollar Rate Loan, means any such day that is also a London Banking Day. 

“Capitalized Lease Obligations” means any and all monetary obligations under any leasing arrangements which have been
capitalized, as such obligations are reported in the consolidated financial statements of the Borrower and its Consolidated Subsidiaries 
 “Cash Management Agreement” means any agreement that is entered into by and between any Loan Party and any Cash Management Bank and that is not prohibited by the terms hereof to provide
cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements. 
 “Cash Management Bank” means any Person that, (a) at the time it enters into a Cash Management Agreement with a Loan Party, is a Lender or an Affiliate of a Lender, or (b) at
the time it (or its Affiliate) becomes a Lender, is a party to a Cash Management Agreement with a Loan Party, in each case, in its capacity as a party to such Cash Management Agreement. 

“Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption
of any law, rule, regulation or treaty, (b) any change in any law, rule 

  
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regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule,
guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all
requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or
any successor or similar authority) or the United States 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. 

“Change of Control” means, with respect to any Person, an event or series of events by which: 

(a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities
Exchange Act of 1934, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the “beneficial
owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that a person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the right to acquire (such right, an
“option right”), whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of 50% or more of the equity securities of such Person entitled to vote for members of the board of directors
or equivalent governing body of such Person on a fully-diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any option right); or 

(b) during any period of 12 consecutive months, a majority of the members of the board of directors or other equivalent
governing body of such Person cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election or nomination to that board or equivalent governing body
was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or (iii) whose election or nomination to that board
or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body
(excluding, in the case of both clause (ii) and clause (iii), any individual whose initial nomination for, or assumption of office as, a member of that board or equivalent governing body occurs as a result of an actual or
threatened solicitation of proxies or consents for the election or removal of one or more directors by any person or group other than a solicitation for the election of one or more directors by or on behalf of the board of directors). 

“Citibank” means Citibank, N.A. and its successors. 

“Closing Date” means the first date all the conditions precedent in Section 4.01 are satisfied or waived in
accordance with Section 10.01. 

  
 4 

 “Code” means the Internal Revenue Code of 1986. 

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

“Compliance Certificate” means a certificate substantially in the form of Exhibit C. 

“Consolidated Subsidiary” means at any date any Subsidiary the accounts of which would be consolidated with the Borrower
in its consolidated financial statements if such statements were prepared as of such date. 
 “Control” means
the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and
“Controlled” have meanings correlative thereto. 
 “Credit Extension” means each of the
following: (a) a Borrowing and (b) the Term Loan Election. 
 “Debt Rating” has the meaning specified
in the definition of “Applicable Rate.” 
 “Debtor Relief Laws” means the Bankruptcy Code of the
United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other
applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 

“Default” means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the
passage of time, or both, would be an Event of Default. 
 “Default Rate” means an interest rate equal to
(i) the Base Rate plus (ii) the Applicable Rate, if any, applicable to Base Rate Loans plus (iii) 2% per annum; provided, however, that with respect to a Eurodollar Rate Loan, the Default Rate shall be an interest
rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum. 
 “Defaulting Lender” means, subject to Section 2.12(b), any Lender that, as determined by the Administrative Agent, (a) has failed to perform any of its funding
obligations hereunder within three Business Days of the date required to be funded by it hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s good faith
determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, (b) 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

  
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agreements generally in which it commits to extend credit, (c) has failed, within three 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 (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had a receiver,
conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or a custodian appointed for it, or (iii) taken any action in furtherance of, or indicated
its consent to, approval of or acquiescence in any such proceeding or appointment; 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. 
 “Dollar” and “$” mean lawful
money of the United States. 
 “Eligible Assignee” means any Person that meets the requirements to be an
assignee under Section 10.06(b)(iii), and (v) (subject to such consents, if any, as may be required under Section 10.06(b)(iii)). 
 “Environmental Laws” means any and all applicable federal, state and local statutes, regulations, ordinances, rules, administrative orders, consent decrees, permits, concessions, grants,
franchises, licenses, agreements or other governmental restrictions relating to the environment or to emissions, discharges or releases of pollutants, contaminants, hazardous substances, or hazardous wastes into the environment including, without
limitation, ambient air, surface water, ground water, or land, or otherwise relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of pollutants, contaminants, hazardous substances, or
hazardous wastes. 
 “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Borrower, any other Loan Party or any of their respective Subsidiaries directly or indirectly resulting from or based upon (a) violation of any
Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials
into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“ERISA” means the Employee Retirement Income Security Act of 1974. 

“ERISA Group” means the Borrower and all members of a controlled group of corporations and all trades or businesses
(whether or not incorporated) under common control that, together with the Borrower, are treated as a single employer under Section 414 of the Code. 
 “Eurodollar Rate” means: 
 (a) for any Interest Period with
respect to a Eurodollar Rate Loan, the rate per annum equal to (i) the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or such other commercially available source providing quotations of BBA LIBOR
as may be designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two London Banking Days prior to the commencement of such Interest Period, for 

  
 6 

 
Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period or, (ii) if such rate is not available at such time for any reason, the
rate per annum determined by the Administrative Agent to be the rate at which deposits in Dollars for delivery on the first day of such Interest Period in same day funds in the approximate amount of the Eurodollar Rate Loan being made, continued or
converted and with a term equivalent to such Interest Period would be offered by Bank of America’s London Branch to major banks in the London interbank eurodollar market at their request at approximately 11:00 a.m. (London time) two London
Banking Days prior to the commencement of such Interest Period; and 
 (b) for any interest calculation with respect to a Base
Rate Loan on any date, the rate per annum equal to (i) BBA LIBOR, at approximately 11:00 a.m., London time determined two London Banking Days prior to such date for Dollar deposits being delivered in the London interbank market for a term of
one month commencing that day or (ii) if such published rate is not available at such time for any reason, the rate per annum determined by the Administrative Agent to be the rate at which deposits in Dollars for delivery on the date of
determination in same day funds in the approximate amount of the Base Rate Loan being made or maintained and with a term equal to one month would be offered by Bank of America’s London Branch to major banks in the London interbank Eurodollar
market at their request at the date and time of determination. 
 “Eurodollar Rate Loan” means a Loan that
bears interest at a rate based on clause (a) of the definition of “Eurodollar Rate.” 
 “Event of
Default” has the meaning specified in Section 8.01. 
 “Exchange Act” means the Securities
Exchange Act of 1934, as amended. 
 “Excluded Taxes” means, with respect to the Administrative Agent, any
Lender or any other recipient of any payment to be made by or on account of any obligation of the Borrower hereunder, (a) 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, (b) any branch profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which the Borrower is located, (c) any backup withholding tax that is required by the Code to be withheld from
amounts payable to a Lender that has failed to comply with clause (A) of Section 3.01(e)(ii), (d) in the case of a Foreign Lender (other than an assignee pursuant to a request by the Borrower under
Section 10.13), any United States withholding tax that (i) is required to be imposed on amounts payable to such Foreign Lender pursuant to the Laws in force at the time such Foreign Lender becomes a party hereto (or designates a new
Lending Office) or (ii) is attributable to such Foreign Lender’s failure or inability (other than as a result of a Change in Law) to comply with clause (B) of Section 3.01(e)(ii), 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 3.01(a)(ii) or (c), and (e) any U.S. federal withholding Taxes imposed under FATCA. 

  
 7 

 “Existing Credit Agreement” means that certain Credit Agreement dated as of
November 30, 2011, among the Borrower, each lender from time to time party thereto and Bank of America, as administrative agent (as amended, restated, supplemented or otherwise modified from time to time). 

“FASB ASC” means the Accounting Standards Codification of the Financial Accounting Standards Board. 

“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor
version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof. 
 “Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System
arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day
shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day
shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent. 

“Fee Letters” means the collective reference to (a) that certain fee letter agreement, dated November 9, 2012,
among the Borrower, Bank of America and Merrill Lynch, Pierce, Fenner & Smith Incorporated and (b) that certain fee letter agreement, dated November 9, 2012, among the Borrower, Bank of America, Merrill Lynch, Pierce,
Fenner & Smith Incorporated and Citigroup Global Markets Inc. 
 “Foreign Lender” means 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. 
 “Fund” means any Person (other than a natural person) that is (or will be) engaged in
making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities. 
 “GAAP” means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of
Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or such other principles as may be approved by a significant segment of the accounting profession in the United States, that are applicable to
the circumstances as of the date of determination, consistently applied. 
 “Governmental Authority” means any
nation or government, any state or other political subdivision thereof, any central bank (or similar monetary or regulatory authority) thereof, any 

  
 8 

 
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. 
 “Guarantee” means, as to any Person, (a) any
obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether
directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease
property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity
capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of
assuring in any other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets
of such Person securing any Indebtedness or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any
such Lien). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable,
the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith unless the recourse of the creditor for such obligation is limited to property of such Person, in which case the amount of any
Guarantee shall be deemed to be an amount equal to the lesser of the amount of the obligation determined in accordance with the first clause of this sentence or the fair market value of the property securing such obligation. The term
“Guarantee” as a verb has a corresponding meaning. 
 “Guarantee Trigger Period” means the period
from and including the Closing Date through the payment and satisfaction in full of all obligations under any Public Notes. 

“Guaranteed Indebtedness” has the meaning specified in Section 6.08(a). 

“Guarantors” means, collectively, each Subsidiary of the Borrower that is required to be a party to a Guaranty pursuant
to Section 6.08. 
 “Guaranty” means one or more Guaranty Agreements made by the Guarantors in
favor of the Administrative Agent and the Lenders, substantially in the form of Exhibit E. 
 “Hazardous
Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated
biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law. 

  
 9 

 “Hedge Bank” means any Person that, (a) at the time it enters into
Swap Contract not prohibited under Article VI or VII, is a Lender or an Affiliate of a Lender, or (b) at the time it (or its Affiliate) becomes a Lender, is a party to a Swap Contract not prohibited under
Article VI or VII, in each case, in its capacity as a party to such Swap Contract. 

“Indebtedness” means all indebtedness for borrowed money, ESOP guarantees and Capitalized Lease Obligations reported as
debt in the consolidated financial statements of the Borrower and the Subsidiaries, plus all indebtedness for borrowed money and capitalized lease obligations incurred by third parties and, in both cases, guaranteed by the Borrower or a
Subsidiary not otherwise reported as debt in such consolidated financial statements. 
 “Indemnified Taxes”
means Taxes other than Excluded Taxes. 
 “Indemnitees” has the meaning specified in
Section 10.04(b). 
 “Information” has the meaning specified in Section 10.07.

 “Interest Payment Date” means, (a) as to any Loan other than a Base Rate Loan, the last day of each
Interest Period applicable to such Loan and the Maturity Date; provided, however, that if any Interest Period for a Eurodollar Rate Loan exceeds three months, the respective dates that fall every three months after the beginning of
such Interest Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan, the last Business Day of each of March, June, September and December and the Maturity Date. 

“Interest Period” means, as to each Eurodollar Rate Loan, the period commencing on the date such Eurodollar Rate Loan is
disbursed or converted to or continued as a Eurodollar Rate Loan and ending on the date one, two, three or six months thereafter, as selected by the Borrower in its Loan Notice or a period that is nine or twelve months if requested by the Borrower
and consented to by all the Lenders; provided that: 
 (i) any Interest Period that would otherwise end on
a day that is not a Business Day shall be extended to the next succeeding Business Day unless, in the case of a Eurodollar Rate Loan, such Business Day falls in another calendar month, in which case such Interest Period shall end on the next
preceding Business Day; 
 (ii) any Interest Period pertaining to a Eurodollar Rate Loan that begins on the last
Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period;
and 
 (iii) no Interest Period shall extend beyond the Maturity Date. 

“IRS” means the United States Internal Revenue Service. 

“Laws” means, collectively, all international, foreign, Federal, state and local statutes, treaties, rules, guidelines,
regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof,

  
 10 

 
and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having
the force of law. 
 “Lender” has the meaning specified in the introductory paragraph. 

“Lending Office” means, as to any Lender, the office or offices of such Lender described as such in such Lender’s
Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent. 
 “Lien” means any mortgage, pledge, security interest, lien or encumbrance. 
 “Loan” has the meaning specified in Section 2.01. 

“Loan Notice” means a notice of (a) a Borrowing, (b) a conversion of Loans from one Type to the other, or
(c) a continuation of Eurodollar Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A. 
 “Loan Documents” means this Agreement, each Note, the Fee Letters and the Guaranty (if applicable). 
 “Loan Parties” means, collectively, the Borrower and, to the extent applicable, each Guarantor. 
 “London Banking Day” means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market. 

“Material Adverse Effect” means a material adverse effect on (a) the ability of the Borrower and its Restricted
Subsidiaries, taken as a whole, to perform their obligations under this Agreement or any other Loan Document, (b) the validity or enforceability of this Agreement or any of the Notes, (c) the rights and remedies of any Lender or the
Administrative Agent under this Agreement or any other Loan Document, or (d) the timely payment of the principal of or interest on the Loans or other amounts payable in connection therewith. 

“Material Debt” means Indebtedness (other than Loans under this Agreement) of the Borrower and/or one or more of its
Subsidiaries, arising in one or more related or unrelated transactions, in an aggregate principal amount exceeding $150,000,000. 
 “Maturity Date” means the Termination Date or, if the Loans have been converted to a term loan pursuant to Section 2.05 the date that is the first anniversary of the
Termination Date; provided, however, that, in each case, if such date is not a Business Day, the Maturity Date shall be the next preceding Business Day. 
 “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto. 
 “Multiemployer Plan” means at any time an employee pension benefit plan within the meaning of Section 4001(a)(3) of ERISA to which any member of the ERISA Group is then making or
accruing an obligation to make contributions. 

  
 11 

 “Note” means a promissory note made by the Borrower in favor of a Lender
evidencing Loans made by such Lender, substantially in the form of Exhibit B. 
 “Obligations”
means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan, Cash Management Agreement or Swap Contract with a Hedge Bank, in each case
whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against any Loan Party or
any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. 

“Organization Documents” means, (a) with respect to any corporation, the certificate or articles of incorporation
and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or organization and operating agreement;
and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement, instrument, filing or notice with
respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of
such entity. 
 “Other Taxes” means all present or future stamp or documentary taxes or any other excise or
property taxes, charges or similar levies arising from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document.

 “Outstanding Amount” means, with respect to Loans on any date, the aggregate outstanding principal amount
thereof after giving effect to any borrowings and prepayments or repayments of Loans occurring on such date;. 

“Participant” has the meaning specified in Section 10.06(d). 

“Patriot Act” means the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)). 
 “PBGC” means the Pension Benefit Guaranty Corporation or any entity succeeding to any or all of its
functions under ERISA. 
 “Person” means any natural person, corporation, limited liability company, trust,
joint venture, association, company, partnership, Governmental Authority or other entity. 
 “Plan” means at
any time an employee pension benefit plan (other than a Multiemployer Plan) that is covered by Title IV of ERISA or subject to the minimum funding standards under Section 412 of the Code and is maintained, or contributed to, by any member of
the ERISA Group for employees of any member of the ERISA Group. 

  
 12 

 “Platform” has the meaning specified in Section 6.01.

 “Principal Property” means, at any time, any manufacturing facility that is located in the United States, is
owned by the Borrower or any of its Subsidiaries, and has a book value, net of any depreciation or amortization, pursuant to the then most recently delivered financial statements, in excess of $15,000,000. 

“Public Lender” has the meaning specified in Section 6.01. 

“Public Notes” means, collectively or individually as the context may indicate, each of (a) the 5.60% senior
unsecured notes of the Borrower due 2013 in the original maximum principal amount of $200,000,000, outstanding on the Closing Date, all of which were issued pursuant to that certain Indenture dated as of December 17, 1997, between the Borrower
and U.S. Bank National Association, and (b) any other public notes of the Borrower or any Subsidiary of the Borrower, outstanding on the closing date of the Existing Credit Agreement. 

“Register” has the meaning specified in Section 10.06(c). 

“Regulation U” means Regulation U of the Board of Governors of the Federal Reserve System, as in effect from time to
time. 
 “Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners,
directors, officers, employees, agents, trustees and advisors of such Person and of such Person’s Affiliates. 

“Removal Effective Date” has the meaning specified in Section 9.06(b). 

“Request for Credit Extension” means (a) with respect to a Borrowing, conversion or continuation of Loans, a Loan
Notice and (b) with respect to the Term Loan Election, notice of such election delivered to the Administrative Agent in accordance with the terms of Section 2.05. 

“Required Lenders” means, as of any date of determination, Lenders having more than 50% of the Aggregate Commitments or,
if the commitment of each Lender to make Loans has been terminated pursuant to Section 8.02 or otherwise, Lenders holding in the aggregate more than 50% of the Total Outstandings of Loans; provided that the Commitment of, and the
portion of the Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. 
 “Resignation Effective Date” has the meaning specified in Section 9.06(a). 
 “Responsible Officer” means the chief executive officer, president, chief financial officer, treasurer, assistant treasurer or controller of a Loan Party and, solely for purposes of the
delivery of incumbency certificates pursuant to Section 4.01, the secretary or any assistant secretary of a Loan Party. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively
presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 

  
 13 

 “Restricted Lender” has the meaning specified in Section 10.13.

 “Restricted Subsidiary” means (a) each Loan Party and (b) each Subsidiary of the Borrower that is
not an Unrestricted Subsidiary. 
 “S&P” means Standard & Poor’s Financial Services LLC, a
subsidiary of The McGraw-Hill Companies, Inc. and any successor thereto. 
 “SEC” means the Securities and
Exchange Commission, or any Governmental Authority succeeding to any of its principal functions. 
 “Stockholders’
Equity” means, as of any date of determination for the Borrower and the Consolidated Subsidiaries, stockholders’ equity as of that date determined in accordance with GAAP. 

“Subsidiary” means any corporation or other entity of which securities or other ownership interests having ordinary
voting power to elect a majority of the Board of Directors or other persons performing similar functions are at the time directly or indirectly owned by the Borrower. 
 “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward
commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions,
cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including
any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms
and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement,
together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. 
 “Taxes” means 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 Conversion
Date” means the Termination Date on which all Loans outstanding on such date are converted into a term loan pursuant to Section 2.05. 
 “Term Loan Election” has the meaning specified in Section 2.05. 
 “Termination Date” means December 16, 2013. 
 “Total
Outstandings” means the aggregate Outstanding Amount of all Loans. 

  
 14 

 “Type” means, with respect to a Loan, its character as a Base Rate Loan or
a Eurodollar Rate Loan. 
 “Unfunded Liabilities” means, with respect to any Plan at any time, the amount (if
any) by which (a) the present value of all benefits under such Plan exceeds (b) the fair market value of all Plan assets allocable to such benefits (excluding any accrued but unpaid contributions), all determined as of the then most
recent valuation date for such Plan, but only to the extent that such excess represents a potential liability of a member of the ERISA Group to the PBGC or an appointed trustee under Title IV of ERISA. 

“United States” and “U.S.” mean the United States of America. 

“Unrestricted Subsidiaries” means (a) Chengde Pipe Hong Kong Limited (“Chengde”) and (b) any
other Subsidiary designated by the Borrower in writing to the Administrative Agent; provided that no such designation may be made unless, as of the end of the most recent fiscal quarter prior to such designation, the book value, net of
depreciation and amortization and after intercompany eliminations, of the assets of such entity (or the investment value, for Chengde), when aggregated with the book values, net of depreciation and amortization and after intercompany eliminations,
of the assets (or the investment value, for Chengde) of all Unrestricted Subsidiaries does not exceed, in the aggregate, 10% of the book value of the total assets of the Borrower and its Consolidated Subsidiaries. “Unrestricted
Subsidiaries” includes any direct or indirect subsidiaries of an Unrestricted Subsidiary. Notwithstanding the foregoing, in no event shall a Loan Party be designated as an Unrestricted Subsidiary. 

1.02 Other Interpretive Provisions. With reference to this Agreement and each other Loan Document, unless otherwise specified
herein or in such other Loan Document: 
 (a) 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 (including any Organization Document) 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 or in any other Loan Document), (ii) any reference herein to any Person shall be construed to include such Person’s successors and
assigns, (iii) the words “hereto,” “herein,” “hereof” and “hereunder,” and words of similar import when used in any Loan Document, shall be construed to refer to such Loan
Document in its entirety and not to any particular provision thereof, (iv) all references in a Loan Document to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to,
the Loan Document in which such references appear, (v) any reference to any law shall include all statutory and regulatory provisions consolidating, amending, replacing or interpreting such law and any reference to any law or regulation shall,
unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) 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. 

  
 15 

 (b) In the computation of periods of time from a specified date to a later specified date,
the word “from” means “from and including;” the words “to” and “until” each mean “to but excluding;” and the word “through” means “to and
including.” 
 (c) Section headings herein and in the other Loan Documents are included for convenience of reference
only and shall not affect the interpretation of this Agreement or any other Loan Document. 
 1.03 Accounting Terms.

 (a) Generally. All accounting terms not specifically or completely defined herein shall be construed in conformity
with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time,
applied in a manner consistent with that used in preparing the Audited Financial Statements, except as otherwise specifically prescribed herein. Notwithstanding the foregoing, for purposes of determining compliance with any covenant (including the
computation of any financial covenant) contained herein, Indebtedness of the Borrower and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 on financial liabilities
shall be disregarded. 
 (b) Changes in GAAP. If at any time any change in GAAP would affect the computation of any
financial ratio or requirement set forth in any Loan Document, and either the Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith to amend such ratio or requirement
to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with
GAAP prior to such change therein and (ii) the Borrower shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a
reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP. 

1.04 Rounding. Any financial ratios required to be maintained by the Borrower pursuant to this Agreement shall be calculated by
dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there
is no nearest number). 
 1.05 Times of Day. Unless otherwise specified, all references herein to times of day shall be
references to Pacific time (daylight or standard, as applicable). 

  
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 ARTICLE II. THE COMMITMENTS AND CREDIT EXTENSIONS 

2.01 Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a
“Loan”) to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided,
however, that after giving effect to any Borrowing, (i) the Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Loans of any Lender shall not exceed such Lender’s
Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.03, and reborrow under this
Section 2.01. Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. 
 2.02
Borrowings, Conversions and Continuations of Loans. 
 (a) Each Borrowing, each conversion of Loans from one Type to the
other, and each continuation of Eurodollar Rate Loans shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative Agent not later
than (i) 1:00 p.m. three Business Days prior to the requested date of any Borrowing of, conversion to or continuation of Eurodollar Rate Loans or of any conversion of Eurodollar Rate Loans to Base Rate Loans, and (ii) 10:00 a.m. on the
requested date of any Borrowing of Base Rate Loans. Each telephonic notice by the Borrower pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a written Loan Notice, appropriately
completed and signed by a Responsible Officer of the Borrower. Each Borrowing of, conversion to or continuation of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Each Borrowing
of or conversion to Base Rate Loans shall be in a principal amount of $2,000,000 or a whole multiple of $500,000 in excess thereof. Each Loan Notice (whether telephonic or written) shall specify (i) whether the Borrower is requesting a
Borrowing, a conversion of Loans from one Type to the other, or a continuation of Eurodollar Rate Loans, (ii) the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (iii) the
principal amount of Loans to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to which existing Loans are to be converted, and (v) if applicable, the duration of the Interest Period with respect thereto. If the
Borrower fails to specify a Type of Loan in a Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be made as, or converted to, Base Rate Loans. Any such automatic
conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans. If the Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar
Rate Loans in any such Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. 
 (b) Following receipt of a Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount of its Applicable Percentage of the applicable Loans, and if no timely notice of a
conversion or continuation is provided by the Borrower, the Administrative Agent shall notify each Lender of the details of any automatic conversion to Base Rate Loans described in the preceding subsection. In the case of a Borrowing, each Lender
shall make the 

  
 17 

 
amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 12:00 p.m. on the Business Day specified in the
applicable Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if such Borrowing is the initial Credit Extension, Section 4.01), the Administrative Agent shall make all funds so
received available to the Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of the Borrower on the books of Bank of America with the amount of such funds or (ii) wire transfer of such funds,
in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Borrower. 
 (c) Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurodollar Rate Loan. During the existence of a Default,
no Loans may be requested as, converted to or continued as Eurodollar Rate Loans without the consent of the Required Lenders. 

(d) The Administrative Agent shall promptly notify the Borrower and the Lenders of the interest rate applicable to any Interest Period
for Eurodollar Rate Loans upon determination of such interest rate. At any time that Base Rate Loans are outstanding, the Administrative Agent shall notify the Borrower and the Lenders of any change in Bank of America’s prime rate used in
determining the Base Rate promptly following the public announcement of such change. 
 (e) After giving effect to all
Borrowings, all conversions of Loans from one Type to the other, and all continuations of Loans as the same Type, there shall not be more than ten Interest Periods in effect with respect to Loans. 

2.03 Prepayments. (a) The Borrower may, upon notice to the Administrative Agent, at any time or from time to time voluntarily
prepay Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the Administrative Agent not later than 11:00 a.m. (A) three Business Days prior to any date of prepayment of Eurodollar
Rate Loans and (B) on the date of prepayment of Base Rate Loans; (ii) any prepayment of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof; and (iii) any prepayment
of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of
such prepayment and the Type(s) of Loans to be prepaid and, if Eurodollar Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the
amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified
therein. Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Subject to Section 2.12, each such
prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages. 
 (b) If
for any reason the Total Outstandings at any time during the Availability Period exceed the Aggregate Commitments then in effect, the Borrower shall immediately prepay Loans in an aggregate amount equal to such excess. 

  
 18 

 2.04 Termination or Reduction of Commitments. The Borrower may, upon notice to the
Administrative Agent, terminate the Aggregate Commitments, or from time to time permanently reduce the Aggregate Commitments; provided that (i) any such notice shall be received by the Administrative Agent not later than 11:00 a.m. five
Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof, and (iii) the Borrower shall not terminate
or reduce the Aggregate Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Outstandings would exceed the Aggregate Commitments. The Administrative Agent will promptly notify the Lenders of any such
notice of termination or reduction of the Aggregate Commitments. Any reduction of the Aggregate Commitments shall be applied to the Commitment of each Lender according to its Applicable Percentage. All fees accrued until the effective date of any
termination of the Aggregate Commitments shall be paid on the effective date of such termination. 
 2.05 Repayment of
Loans. The Borrower shall, subject to the next succeeding sentence, repay to the Lenders on the Termination Date the aggregate principal amount of Loans outstanding on such date. The Borrower may, upon not less than 5 Business Days notice to the
Administrative Agent, elect (the “Term Loan Election”) to convert all of the Loans outstanding on the Termination Date in effect at such time into a term loan which the Borrower shall repay in full ratably to the Lenders on the
Maturity Date; provided that the Term Loan Election may not be exercised unless (a) the representations and warranties made in Article V are true and correct on the date of notice of the Term Loan Election and on the date on which the
Term Loan Election is to be effected, (b) no Event of Default shall have occurred or be continuing on the date of notice of the Term Loan Election and on the date on which the Term Loan Election is to be effected and (c) the Borrower shall
have paid to the Administrative Agent, for the ratable account of the Lenders, a fee equal to 0.75% of the outstanding principal amount of the Loans to be so converted. All Loans converted into a term loan pursuant to this Section 2.05
shall continue to constitute Loans except that the Borrower may not reborrow pursuant to Section 2.01 after all or any portion of such Loans have been prepaid pursuant to Section 2.03. 

2.06 Interest. 
 (a) Subject to the provisions of subsection (b) below, (i) each Eurodollar Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per
annum equal to the Eurodollar Rate for such Interest Period plus the Applicable Rate; and (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum
equal to the Base Rate plus the Applicable Rate. 
 (b) (i) If any amount of principal of any Loan is not paid when due
(without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest
extent permitted by applicable Laws. 
 (ii) If any amount (other than principal of any Loan) payable by the
Borrower under any Loan Document is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, then upon the request of the Required Lenders, such amount shall thereafter bear
interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. 

  
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 (iii) Upon the request of the Required Lenders, while any Event of Default
exists, the Borrower shall pay interest on the principal amount of all outstanding Obligations hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. 

(iv) Accrued and unpaid interest on past due amounts shall be due and payable upon demand. 

(c) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as
may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law. 

2.07 Fees. 
 (a) Facility Fee. The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a facility fee equal to the Applicable Rate
times the actual daily amount of the Aggregate Commitments (or, if the Aggregate Commitments have terminated, on the Outstanding Amount of all Loans), regardless of usage, subject to adjustment as provided in Section 2.12. The
facility fee shall accrue at all times during the Availability Period (and thereafter so long as any Loans remain outstanding), including at any time during which one or more of the conditions in Article IV is not met, and shall be due
and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period (and, if applicable,
thereafter on demand). The facility fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for
each period during such quarter that such Applicable Rate was in effect. 
 (b) Other Fees. 

(i) The Borrower shall pay to the Arrangers and the Administrative Agent for their own respective accounts fees in the
amounts and at the times specified in the Fee Letters. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 
 (ii) The Borrower shall pay to the Lenders such fees as shall have been separately agreed upon in writing in the amounts and at the times so specified. Such fees shall be fully earned when paid and shall
not be refundable for any reason whatsoever. 
 2.08 Computation of Interest and Fees; Retroactive Adjustments of Applicable
Rate. All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurodollar Rate) and Facility Fees shall be made on the basis of a year of 365 

  
 20 

 
or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more
fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the
Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.07(a), bear interest for one day. Each determination by the Administrative Agent of an interest
rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error. 
 2.09 Evidence of Debt.
The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative
Agent and each Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however,
limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the
Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute
and deliver to such Lender (through the Administrative Agent) a Note, which shall evidence such Lender’s Loans in addition to such accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, Type (if
applicable), amount and maturity of its Loans and payments with respect thereto. 
 2.10 Payments Generally; Administrative
Agent’s Clawback. 
 (a) General. All payments to be made by the Borrower shall be made without condition or
deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such
payment is owed, at the Administrative Agent’s Office in Dollars and in immediately available funds not later than 11:00 a.m. on the date specified herein. The Administrative Agent will promptly distribute to each Lender its Applicable
Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent after 11:00 a.m. shall be deemed received on
the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be made by the Borrower shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and
such extension of time shall be reflected in computing interest or fees, as the case may be. 
 (b) (i) Funding by Lenders;
Presumption by Administrative Agent. Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing of Eurodollar Rate Loans (or, in the case of any Borrowing of Base Rate Loans, prior to
11:00 a.m. on the date of such Borrowing) that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such
date in accordance with 

  
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Section 2.02 (or, in the case of a Borrowing of Base Rate Loans, that such Lender has made such share available in accordance with and at the time required by
Section 2.02) and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent,
then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in immediately available funds with interest thereon, for each day from and including the date such amount
is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the case of a 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, plus any administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing, and (B) in the case of a payment to
be made by the Borrower, the interest rate applicable to Base Rate Loans. 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 included in such
Borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent. 

(ii) Payments by Borrower; Presumptions by Administrative Agent. 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 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 the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders severally
agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender in immediately available funds 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. 

A notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing under this subsection (b)
shall be conclusive, absent manifest error. 
 (c) Failure to Satisfy Conditions Precedent. If any Lender makes available
to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent because the conditions
to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender,
without interest. 

  
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 (d) Obligations of Lenders Several. The obligations of the Lenders hereunder to make
Loans and to make payments pursuant to Section 10.04(c) are several and not joint. The failure of any Lender to make any Loan, to fund any such participation or to make any payment under Section 10.04(c) on any date required
hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan, to purchase its participation or to make its payment
under Section 10.04(c). 
 (e) Funding Source. Nothing herein shall be deemed to obligate any Lender to
obtain the funds for any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 

2.11 Sharing of Payments by Lenders. 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 the Loans made by it resulting in such Lender’s receiving payment of a proportion of the aggregate amount of such Loans or participations and accrued interest thereon 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 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 shall not be construed to apply to (x) any payment made by or on behalf of the
Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender) or (y) any payment obtained by a Lender as consideration for the assignment
of or sale of a participation in any of its Loans to any assignee or participant, other than an assignment to the Borrower or any Affiliate thereof (as to which the provisions of this Section 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. 

  
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 2.12 Defaulting Lenders. 

(a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender,
then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law: 
 (i) Waivers and Amendments. That 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
Section 10.01. 
 (ii) Reallocation of Payments. Any payment of principal, interest, fees or
other amounts received by the Administrative Agent for the account of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise, and including any amounts made available to the
Administrative Agent by that Defaulting Lender pursuant to Section 10.08), 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 that
Defaulting Lender to the Administrative Agent hereunder; second, as the Borrower may request (so long as no Default or Event of 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; third, 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 that Defaulting Lender to fund Loans under this Agreement; fourth, to the payment of any amounts owing to the Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender against that
Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; fifth, so long as no Default or Event of 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 that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and sixth, to that 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 in respect of which that Defaulting Lender has not fully funded its appropriate share and
(y) such Loans were made at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of all non-Defaulting Lenders on a pro rata basis prior to being
applied to the payment of any Loans of that 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 shall be deemed paid to and
redirected by that Defaulting Lender, and each Lender irrevocably consents hereto. 
 (iii) Certain Fees.
That Defaulting Lender shall be entitled to receive any facility fee pursuant to Section 2.07(a) for any period during which that Lender is a Defaulting Lender only to extent allocable to the Outstanding Amount of the Loans funded by it.

 (b) Defaulting Lender Cure. If the Borrower and the Administrative Agent 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,
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 Loans to be held on a pro rata basis by the
Lenders in accordance with their Applicable Percentages (without giving effect to Section 2.12(a)(iv)), whereupon that Lender will cease to 

  
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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. 
 ARTICLE III. TAXES, YIELD PROTECTION AND
ILLEGALITY 
 3.01 Taxes. 
 (a) Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. 
 (i) Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Loan Document shall to the extent permitted by applicable Laws be made free and clear of and
without reduction or withholding for any Taxes. If, however, applicable Laws require the Borrower or the Administrative Agent to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with such Laws as determined by the
Borrower or the Administrative Agent, as the case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (e) below. 

(ii) If the Borrower or the Administrative Agent shall be required by the Code to withhold or deduct any Taxes, including
both United States Federal backup withholding and withholding taxes, from any payment, then (A) the Administrative Agent shall withhold or make such deductions as are determined by the Administrative Agent to be required based upon the
information and documentation it has received pursuant to subsection (e) below, (B) the Administrative Agent shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with the Code,
and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes or Other Taxes, the sum payable by the Borrower shall be increased as necessary so that after any required withholding or the making of all required
deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent or Lender, as the case may be, receives an amount equal to the sum it would have received had no such withholding or deduction been
made. 
 (b) Payment of Other Taxes by the Borrower. Without limiting the provisions of subsection (a) above,
the Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable Laws. 
 (c)
Tax Indemnifications. 
 (i) Without limiting the provisions of subsection (a) or
(b) above, the Borrower shall, and does hereby, indemnify the Administrative Agent and each Lender, and shall make payment in respect thereof within 10 days after demand therefor, for the full amount of any Indemnified Taxes or Other
Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this 

  
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Section) withheld or deducted by the Borrower or the Administrative Agent or paid by the Administrative Agent or such Lender, as the case may be, and any penalties, interest and reasonable
expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. The Borrower shall also, and does hereby, indemnify the
Administrative Agent, and shall make payment in respect thereof within 10 days after demand therefor, for any amount which a Lender for any reason fails to pay indefeasibly to the Administrative Agent as required by clause (ii) of this
subsection. A certificate as to the amount of any such payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be
conclusive absent manifest error. 
 (ii) Without limiting the provisions of subsection (a) or
(b) above, each Lender shall, and does hereby, indemnify the Borrower and the Administrative Agent, and shall make payment in respect thereof within 10 days after demand therefor, against any and all Taxes and any and all related losses,
claims, liabilities, penalties, interest and expenses (including the fees, charges and disbursements of any counsel for the Borrower or the Administrative Agent) incurred by or asserted against the Borrower or the Administrative Agent by any
Governmental Authority as a result of the failure by such Lender to deliver, or as a result of the inaccuracy, inadequacy or deficiency of, any documentation required to be delivered by such Lender to the Borrower or the Administrative Agent
pursuant to subsection (e). Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or any other Loan Document against any amount due to the
Administrative Agent under this clause (ii). The agreements in this clause (ii) shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the
termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all other Obligations. 
 (d)
Evidence of Payments. Upon request by the Borrower or the Administrative Agent, as the case may be, after any payment of Taxes by the Borrower or by the Administrative Agent to a Governmental Authority as provided in this
Section 3.01, the Borrower shall deliver to the Administrative Agent or the Administrative Agent shall deliver to the Borrower, as the case may be, the original or a certified copy of a receipt issued by such Governmental Authority
evidencing such payment, a copy of any return required by Laws to report such payment or other evidence of such payment reasonably satisfactory to the Borrower or the Administrative Agent, as the case may be. 

(e) Status of Lenders; Tax Documentation. (i) Each Lender shall deliver to the Borrower and to the Administrative Agent, at
the time or times prescribed by applicable Laws or when reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by applicable Laws or by the taxing authorities of any
jurisdiction and such other reasonably requested information as will permit the Borrower or the Administrative Agent, as the case may be, to determine (A) whether or not payments made hereunder or under any other Loan Document are subject to
Taxes, (B) if applicable, the required rate of withholding or deduction, and (C) such Lender’s entitlement to any available exemption from, or reduction of, applicable Taxes in respect of all payments to be made to such Lender by the
Borrower pursuant to this Agreement or otherwise to establish such Lender’s status for withholding tax purposes in the applicable jurisdiction. 

  
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 (ii) Without limiting the generality of the foregoing, if the Borrower is
resident for tax purposes in the United States, 
 (A) any Lender that is a “United States person”
within the meaning of Section 7701(a)(30) of the Code shall deliver to the Borrower and the Administrative Agent executed originals of Internal Revenue Service Form W-9 or such other documentation or information prescribed by applicable Laws or
reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent, as the case may be, to determine whether or not such Lender is subject to backup withholding or information reporting
requirements; and 
 (B) each Foreign Lender that is entitled under the Code or any applicable treaty to an
exemption from or reduction of withholding tax with respect to payments hereunder or under any other Loan Document shall 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 request of the Borrower or the Administrative Agent, but only if such Foreign Lender is legally entitled to do so),
whichever of the following is applicable: 
 (I) executed originals of Internal Revenue Service Form W-8BEN
claiming eligibility for benefits of an income tax treaty to which the United States is a party, 
 (II)
executed originals of Internal Revenue Service Form W- 8ECI, 
 (III) executed originals of Internal Revenue
Service Form W- 8IMY and all required supporting documentation, 
 (IV) in the case of a Foreign Lender claiming
the benefits of the exemption for portfolio interest under section 881(c) of the Code, (x) a certificate to the effect that such Foreign Lender is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Code,
(B) a “10 percent shareholder” of the Borrower within the meaning of section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in section 881(c)(3)(C) of the Code and (y) executed
originals of Internal Revenue Service Form W-8BEN, or 
 (V) executed originals of any other form prescribed by
applicable Laws as a basis for claiming exemption from or a reduction in United States Federal withholding tax together with such supplementary documentation as may be prescribed by applicable Laws to permit the Borrower or the Administrative Agent
to determine the withholding or deduction required to be made. 

  
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 (iii) Each Lender shall promptly (A) notify the Borrower and the
Administrative Agent of any change in circumstances which would modify or render invalid any claimed exemption or reduction, and (B) take such steps as shall not be materially disadvantageous to it, in the reasonable judgment of such Lender,
and as may be reasonably necessary (including the re-designation of its Lending Office) to avoid any requirement of applicable Laws of any jurisdiction that the Borrower or the Administrative Agent make any withholding or deduction for taxes from
amounts payable to such Lender. 
 (iv) If a payment made to a Lender under any Loan Document would be subject to
U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall
deliver to the Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law (including as
prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their
obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (iv),
“FATCA” shall include any amendments made to FATCA after the date of this Agreement. 
 (f) Treatment of Certain
Refunds. Unless required by applicable Laws, at no time shall the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender, or have any obligation to pay to any Lender, any refund of Taxes withheld or
deducted from funds paid for the account of such Lender. If the Administrative Agent or any Lender determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrower or
with respect to which the Borrower has paid additional amounts pursuant to this Section, it shall pay to the Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower
under this Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses incurred by the Administrative Agent or such Lender, as the case may be, and without interest (other than any interest paid by
the relevant Governmental Authority with respect to such refund), provided that the Borrower, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or
other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. This subsection shall not
be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrower or any other Person. 

  
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 3.02 Illegality. If any Lender determines that any Law has made it unlawful, or that
any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Loans whose interest is determined by reference to the Eurodollar Rate, or to determine or charge interest rates
based upon the Eurodollar Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof by such
Lender to the Borrower through the Administrative Agent, (i) any obligation of such Lender to make or continue Eurodollar Rate Loans or to convert Base Rate Loans to Eurodollar Rate Loans shall be suspended, and (ii) if such notice asserts
the illegality of such Lender making or maintaining Base Rate Loans the interest rate on which is determined by reference to the Eurodollar Rate component of the Base Rate, the interest rate on which Base Rate Loans of such Lender shall, if
necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate, in each case until such Lender notifies the Administrative Agent and the Borrower that the
circumstances giving rise to such determination no longer exist. Upon receipt of such notice, (x) the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all Eurodollar Rate
Loans of such Lender to Base Rate Loans (the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base
Rate), either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurodollar Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Rate Loans
and (y) if such notice asserts the illegality of such Lender determining or charging interest rates based upon the Eurodollar Rate, the Administrative Agent shall during the period of such suspension compute the Base Rate applicable to such
Lender without reference to the Eurodollar Rate component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon the Eurodollar Rate.
Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted. 

3.03 Inability to Determine Rates. If the Required Lenders determine that for any reason in connection with any request for a
Eurodollar Rate Loan or a conversion to or continuation thereof that (a) Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable amount and Interest Period of such Eurodollar Rate Loan,
(b) adequate and reasonable means do not exist for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan or in connection with an existing or proposed Base Rate Loan, or (c) the
Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Borrower and
each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Eurodollar Rate Loans shall be suspended, and (y) in the event of a determination described in the preceding sentence with respect to the Eurodollar Rate
component of the Base Rate, the utilization of the Eurodollar Rate component in determining the Base Rate shall be suspended, in each case until the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice. Upon
receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base
Rate Loans in the amount specified therein. 

  
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 3.04 Increased Costs; Reserves on Eurodollar Rate Loans. 

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

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar
requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement contemplated by Section 3.04(e)); 

(ii) subject any Lender to any tax of any kind whatsoever with respect to this Agreement or any Eurodollar Rate Loan made
by it, or change the basis of taxation of payments to such Lender in respect thereof (except for Indemnified Taxes or Other Taxes covered by Section 3.01 and the imposition of, or any change in the rate of, any Excluded Tax payable by
such Lender); or 
 (iii) impose on any Lender or the London interbank market any other condition, cost or
expense affecting this Agreement or Eurodollar Rate Loans made by such Lender; 
 and the result of any of the foregoing shall be to increase
the cost to such Lender of making or maintaining any Loan the interest on which is determined by reference to the Eurodollar Rate (or of maintaining its obligation to make any such Loan), or to reduce the amount of any sum received or receivable by
such Lender hereunder (whether of principal, interest or any other amount) then, upon request of such Lender, the Borrower will pay to such Lender such additional amount or amounts as will compensate such Lender for such additional costs incurred or
reduction suffered. 
 (b) Capital Requirements. If any Lender determines that any Change in Law affecting such Lender or
any Lending Office of such Lender or such Lender’s holding company, if any, regarding capital requirements has or would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding
company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by such Lender to a level below that which such Lender or such Lender’s holding company could have achieved but for such Change in Law (taking
into consideration such Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender such additional amount or amounts as will compensate
such Lender or such Lender’s holding company for any such reduction suffered. 
 (c) Certificates for Reimbursement.
A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section and delivered to the Borrower
shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 

  
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 (d) Delay in Requests. Failure or delay on the part of any Lender to demand
compensation pursuant to the foregoing provisions of this Section shall not constitute a waiver of such Lender’s right to demand such compensation, provided that the Borrower shall not be required to compensate a Lender pursuant to the
foregoing provisions of this Section for any increased costs incurred or reductions suffered more than three months prior to the date that such Lender notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and
of such 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 three-month period referred to above shall be extended to include the period
of retroactive effect thereof). 
 (e) Reserves on Eurodollar Rate Loans. The Borrower shall pay to each Lender, as long
as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid
principal amount of each Eurodollar Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on
each date on which interest is payable on such Loan, provided the Borrower shall have received at least 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to
give notice 10 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable 10 days from receipt of such notice. 
 3.05 Compensation for Losses. Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender
harmless from any loss, cost or expense incurred by it as a result of: 
 (a) any continuation, conversion, payment or
prepayment of any Loan other than a Base Rate Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); 

(b) any failure by the Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or
convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Borrower; or 
 (c) any assignment of
a Eurodollar Rate Loan on a day other than the last day of the Interest Period therefor as a result of a request by the Borrower pursuant to Section 10.13; 
 including any loss of anticipated profits and any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits
from which such funds were obtained. The Borrower shall also pay any customary administrative fees charged by such Lender in connection with the foregoing. 
 For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Eurodollar Rate Loan made by it at the
Eurodollar Rate for such Loan by a matching deposit or other borrowing in the London interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Eurodollar Rate Loan was in fact so funded. 

  
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 3.06 Mitigation Obligations; Replacement of Lenders. 

(a) Designation of a Different Lending Office. If any Lender requests compensation under Section 3.04, 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 3.01, or if any Lender gives a notice pursuant to Section 3.02, 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 Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02, 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. 
 (b) Replacement of Lenders. If any Lender requests
compensation under Section 3.04, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, the Borrower may replace such
Lender in accordance with Section 10.13. 
 3.07 Survival. All of the Borrower’s obligations
under this Article III shall survive termination of the Aggregate Commitments, repayment of all other Obligations hereunder, and resignation of the Administrative Agent. 

ARTICLE IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 

4.01 Conditions of Initial Credit Extension. The obligation of each Lender to make its initial Credit Extension hereunder is
subject to satisfaction of the following conditions precedent: 
 (a) The Administrative Agent’s receipt of the following,
each of which shall be originals or telecopies (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party, each dated the Closing Date (or, in the case of certificates of
governmental officials, a recent date before the Closing Date) and each in form and substance satisfactory to the Administrative Agent and each of the Lenders: 
 (i) executed counterparts of this Agreement and the Guaranty (if applicable), sufficient in number for distribution to the Administrative Agent, each Lender and the Borrower; 

(ii) a Note executed by the Borrower in favor of each Lender requesting a Note; 

  
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 (iii) such certificates of resolutions or other action, incumbency
certificates and/or other certificates of Responsible Officers of each Loan Party as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer
in connection with this Agreement and the other Loan Documents to which such Loan Party is a party; 
 (iv) such
documents and certifications as the Administrative Agent may reasonably require to evidence that each Loan Party is duly organized or formed, and that each such Loan Party is validly existing and qualified to engage in business in its jurisdiction
of formation, including Organization Documents and certificates of valid existence; 
 (v) a favorable opinion of
Buchanan Ingersoll & Rooney PC, counsel to the Loan Parties, and the General Counsel of the Borrower, substantially in the form of Exhibit F; 

(vi) a certificate of a Responsible Officer of each Loan Party either (A) attaching copies of all consents, licenses
and approvals required in connection with the execution, delivery and performance by such Loan Party and the validity against such Loan Party of the Loan Documents to which it is a party, and such consents, licenses and approvals shall be in full
force and effect, or (B) stating that no such consents, licenses or approvals are so required; 
 (vii) a
certificate signed by a Responsible Officer of the Borrower certifying that there has been no event or circumstance since the date of the Audited Financial Statements that has had or could be reasonably expected to have, either individually or in
the aggregate, a Material Adverse Effect; and 
 (viii) a certificate signed by a Responsible Officer of the
Borrower certifying the Borrower’s current Debt Rating. 
 (b) Any fees required to be paid on or before the Closing Date
shall have been paid. 
 (c) Unless waived by the Administrative Agent, the Borrower shall have paid all reasonable fees,
charges and disbursements of counsel to the Administrative Agent (directly to such counsel if requested by the Administrative Agent) to the extent invoiced prior to or on the Closing Date, plus such additional amounts of such fees, charges
and disbursements as shall constitute its reasonable estimate of such fees, charges and disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling
of accounts between the Borrower and the Administrative Agent). 
 (d) To the extent requested at least five days prior to the
Closing Date by the Administrative Agent, the Borrower shall have delivered the documentation and other information with respect to the Borrower to the Administrative Agent that is required by regulatory authorities under applicable
“know-your-customer” rules and regulations, including the Patriot Act, prior to the Closing Date. 

  
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 Without limiting the generality of the provisions of the last paragraph of
Section 9.03, for purposes of determining compliance with the conditions specified in this Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied
with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date
specifying its objection thereto. 
 4.02 Conditions to all Credit Extensions. The obligation of each Lender to
honor any Request for Credit Extension (other than a Loan Notice requesting only a conversion of Loans to the other Type, or a continuation of Eurodollar Rate Loans) is subject to the following conditions precedent: 

(a) No Event of Default shall have occurred and be continuing; and except as otherwise described by the Borrower in a writing to the
Administrative Agent and waived by the Required Lenders, the representations of the Borrower in Article V (other than Sections 5.04(c), 5.05, 5.11 and 5.12) shall be true on and as of the date of such Credit
Extension with the same force and effect as if made on and as of such date. Notwithstanding the foregoing, for purposes of the representations of the Borrower in Article V in respect of any Loans to be made on the Closing Date, the
limitation in the parenthetical included in the previous sentence shall not apply. 
 (b) The Administrative Agent shall have
received a Request for Credit Extension in accordance with the requirements hereof. 
 (c) Each Request for Credit Extension
given by the Borrower shall constitute a representation by the Borrower as to the satisfaction in respect of such borrowing or issuance of the conditions referred to in Section 4.02(a). 

Each Request for Credit Extension (other than a Loan Notice requesting only a conversion of Loans to the other Type or a continuation of
Eurodollar Rate Loans) submitted by the Borrower shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit
Extension. 
 ARTICLE V. REPRESENTATIONS AND WARRANTIES 

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

5.01 Corporate Existence and Power. Each of the Borrower and each material Loan Party is duly organized and validly existing under
the laws of the state of its organization without limitation on the duration of its existence, to the extent applicable, is in good standing therein, and is duly qualified to transact business in all jurisdictions where such qualification is
necessary, except for such jurisdictions where the failure to be so qualified or licensed will not be reasonably likely to have a Material Adverse Effect; the Borrower and each Loan Party has the requisite power to enter into and perform each Loan
Document to which it is a party and the Borrower has the corporate power to borrow Loans and issue Notes as contemplated by this Agreement. 

  
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 5.02 No Contravention. The execution and delivery by each Loan Party of each Loan
Document to which such Person is party and the performance by each Loan Party of its respective obligations under any Loan Document, do not contravene, or constitute a default under, any provision of applicable law or regulation or such
corporation’s Charter or Certificate of Incorporation, as the case may be, or Bylaws, operating agreement, partnership agreement or any indenture, agreement, instrument, judgment or order to which such Loan Party is a party or by which it or
any of its material assets or properties may be bound or affected which would be reasonably likely to have a Material Adverse Effect. 
 5.03 Corporate Authorization; Binding Effect. Each Loan Party has taken all requisite action necessary to authorize its execution and delivery of each Loan Document to which it is a party and the
consummation of the transactions contemplated hereby; each Loan Document constitutes the valid and binding agreements of each Loan Party that is party to such Loan Documents, enforceable against such Loan Party in accordance with their respective
terms, except to the extent limited by bankruptcy, reorganization, insolvency, moratorium and other similar laws of general application relating to or affecting the enforcement of creditors’ rights or by general equitable principles.

 5.04 Financial Information. 
 (a) The consolidated balance sheets of the Borrower and its Consolidated Subsidiaries as of April 1, 2012 and the related consolidated statements of earnings, stockholders’ equity, and cash
flows for each of the years then ended, audited by Deloitte & Touche LLP and set forth in the Borrower’s fiscal year 2012 Form 10-K, a copy of which has been made available to each of the Lenders, present fairly, in all material
respects, the consolidated financial position of the Borrower and its Consolidated Subsidiaries as of such dates and the consolidated results of their operations and their cash flows for each of the years then ended in conformity with GAAP.(b) The
unaudited consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of September 30, 2012 and the related unaudited consolidated statements of income and cash flows for the six months then ended, set forth in the
Borrower’s September 30, 2012 Form 10-Q, a copy of which has been made available to each of the Lenders, present fairly, in all material respects, on a basis consistent with the financial statements referred to in
subsection (a) of this Section except as disclosed in the Borrower’s quarterly report on Form 10-Q for the quarter ended September 30, 2012, the consolidated financial position of the Borrower and its Consolidated Subsidiaries
as of such date and their consolidated results of operations and cash flows for such six-month period (subject to normal year end adjustments and the absence of footnotes). 
 (c) Since the date of the Audited Financial Statements, there has occurred no change in the consolidated financial condition of the Borrower and its Consolidated Subsidiaries which would be reasonably
likely to have a Material Adverse Effect. 

  
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 5.05 Litigation; Taxes. 

(a) There are no suits, actions or proceedings pending, or to the knowledge of any member of the Borrower’s legal department
threatened, against or affecting the Borrower or any Subsidiary, the adverse determination of which is reasonably likely to occur, and if so adversely determined would be reasonably likely to have a Material Adverse Effect. 

(b) The Borrower and each Subsidiary have filed all material tax returns which to the knowledge of the Borrower’s Vice President -
Taxes, were required to be filed and have paid or have adequately provided for all taxes shown thereon to be due, including interest and penalties, except for (i) those not yet delinquent, (ii) those the nonpayment of which would not be
reasonably likely to have a Material Adverse Effect or (iii) those being contested in good faith and adequately covered by reserves. 
 5.06 Margin Regulations; Investment Company Act. No part of the proceeds of any Loan will be used in a manner which would violate, or result in a violation of, Regulation U. None of the Borrower,
any Person Controlling the Borrower, or any Subsidiary is or is required to be registered as an “investment company” under the Investment Company Act of 1940. 
 5.07 Governmental Approvals. No consent, approval, authorization, permit or license from, or registration or filing with, any Governmental Authority is required in connection with the making of
this Agreement, with the exception of routine periodic filings made under the Exchange Act and the filing of International Capital Form CQ-1’s. 
 5.08 Pari Passu Obligations. Under applicable United States laws (including state and local laws) in force at the date hereof, the claims and rights of the Lenders and the Administrative Agent
against the Borrower and any other Loan Party under any Loan Document will not be subordinate to, and will rank at least pari passu with, the claims and rights of any other unsecured creditors of the Borrower (except to the extent provided by
bankruptcy, reorganization, insolvency, moratorium or other similar laws of general application relating to or affecting the enforcement of creditors’ rights and by general principles of equity). 

5.09 No Defaults. The payment obligations of the Borrower and its Subsidiaries in respect of any Material Debt are not overdue
(beyond any applicable grace period). 
 5.10 Full Disclosure. All information furnished to the Lenders in writing prior
to the date hereof in connection with the transactions contemplated hereby does not, collectively, contain any misstatement of a material fact or omit to state a material fact necessary to make the statements contained therein, taken collectively
and in the light of the circumstances under which they were made, not misleading in any material respect on and as of the Closing Date. 
 5.11 ERISA. Each member of the ERISA Group has fulfilled its obligations under the minimum funding standards of ERISA and the Code with respect to each Plan and is in substantial compliance in all
material respects with the presently applicable material provisions of ERISA and the Code with respect to each Plan. No member of the ERISA Group has (a) sought a waiver of the minimum funding standard under Section 412 of the Code
in respect of any Plan, (b) failed to make any contribution or payment to any Plan or Multiemployer Plan or made any amendment to any Plan which, in either case has resulted or could result in the 

  
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imposition of a Lien or the posting of a bond or other security under ERISA or the Code, in an aggregate amount in excess of $150,000,000 or (c) incurred any liability in excess of
$150,000,000 under Title IV of ERISA other than a liability to the PBGC for premiums under Section 4007 of ERISA. 

5.12 Environmental Matters. The financial statements described in Section 5.04 provide certain information regarding
the current and potential obligations arising from various consent decrees, cleanup and abatement orders, and current or potential proceedings pertaining to actual or alleged soil and water contamination, disposal of hazardous wastes, and other
environmental matters related to properties currently owned by the Borrower or its Subsidiaries, previously owned properties, and other properties. Since April 1, 2012, environmental matters have not caused any Material Adverse Effect.To the
knowledge of the Borrower, ongoing operations at the Principal Properties are currently being conducted in substantial compliance with applicable Environmental Laws except to the extent that noncompliance would not be reasonably likely to result in
a Material Adverse Effect. 
 5.13 Taxpayer Identification Number. The Borrower’s true and correct U.S. taxpayer
identification number is set forth on Schedule 10.02. 
 5.14 Patriot Act. The condition specified in
Section 4.01(d) has been satisfied. 
 ARTICLE VI. AFFIRMATIVE COVENANTS 

So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied the
Borrower shall: 
 6.01 Information. The Borrower will deliver to the Administrative Agent for each of the Lenders:

 (a) as soon as available and in any event within 45 days after the end of each of its first three quarterly accounting
periods in each fiscal year, consolidated statements of earnings and cash flows of the Borrower and the Consolidated Subsidiaries for the period from the beginning of such fiscal year to the end of such fiscal period and the related consolidated
balance sheet of the Borrower and the Consolidated Subsidiaries as at the end of such fiscal period, all in reasonable detail (it being understood that delivery of such statements as filed with the SEC shall be deemed to satisfy the requirements of
this subsection); 
 (b) as soon as available and in any event within 90 days after the end of each fiscal year, consolidated
statements of earnings and cash flows of the Borrower and the Consolidated Subsidiaries for such year and the related consolidated balance sheets of the Borrower and the Consolidated Subsidiaries as at the end of such year, all in reasonable detail
and accompanied by an opinion of independent public accountants of recognized standing selected by the Borrower as to such consolidated financial statements (it being understood that delivery of such statements as filed with the SEC shall be deemed
to satisfy the requirements of this subsection); 

  
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 (c) promptly after their becoming available: 

(i) copies of all financial statements, stockholder reports and proxy statements that the Borrower shall have sent to its
stockholders generally; and 
 (ii) copies of all registration statements filed by the Borrower under the
Securities Act of 1933, as amended (other than registration statements on Form S-8 or any registration statement filed in connection with a dividend reinvestment plan), and regular and periodic reports, if any, which the Borrower shall have filed
with the SEC (or any governmental agency or agencies substituted therefor) under Section 13 or Section 15(d) of the Exchange Act, or with any national or international securities exchange (other than those on Form 11-K or any successor
form); 
 (d) from time to time, with reasonable promptness, but subject to restrictions imposed by applicable security
clearance regulations, such further information regarding the business and financial condition of the Borrower and its Subsidiaries as any Lender may reasonably request through the Administration Agent; 

(e) prompt notice of the occurrence of any Default; and 
 (f) prompt notice of all litigation and of all proceedings before any governmental or regulatory agency pending (or, to the knowledge of the General Counsel of the Borrower, threatened) and affecting the
Borrower or any Restricted Subsidiary, except litigation or proceedings which, the adverse determination of which is not reasonably likely to occur, or which, if so adversely determined, would not be reasonably likely to result in a Material Adverse
Effect. 
 Each set of financial statements delivered pursuant to clause (a) or clause (b) of this
Section 6.01 shall be accompanied by a duly completed Compliance Certificate signed by a Responsible Officer (which delivery may, unless the Administrative Agent, or a Lender requests executed originals, be by electronic communication
including fax or email and shall be deemed to be an original authentic counterpart thereof for all purposes). 
 Information
required to be delivered pursuant to clauses (a), (b) or (c) above which is filed by the Borrower with the SEC shall be deemed to have been delivered (x) in the case of clauses (a) and (b),
on the date when so filed (it being understood that deemed delivery does not affect the requirement of a certificate as set forth in the preceding paragraph) and (y) in the case of clause (c), on the date on which the Borrower
provides notice to the Administrative Agent (which shall promptly advise the Lenders of such notice) that such information has been posted on the Borrower’s website on the Internet at the website address listed on the signature pages hereof, at
sec.gov/edaux/searches.htm or at another website identified in such notice and accessible by the Lenders without charge; provided that (i) such notice may be included in a certificate delivered pursuant to the preceding paragraph
and (ii) the Borrower shall deliver paper copies of the information referred to in clauses (a), (b) or (c) to the Administrative Agent for any Lender which requests such delivery. 

The Borrower hereby acknowledges that (a) the Administrative Agent and/or the Arrangers will make available to the Lenders materials
and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower 

  
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Materials on IntraLinks or another similar electronic system (the “Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have personnel
who do not wish to receive material non-public information with respect to the Borrower or its Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to
such Persons’ securities. The Borrower hereby agrees that (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word
“PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, the Arrangers and the Lenders to treat such
Borrower Materials as not containing any material non-public information with respect to the Borrower or its securities for purposes of United States Federal and state securities laws (provided, however, that to the extent such
Borrower Materials constitute Information, they shall be treated as set forth in Section 10.07); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated
“Public Side Information;” and (z) the Administrative Agent and the Arrangers shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not
designated “Public Side Information.” Notwithstanding the foregoing, the Borrower shall be under no obligation to mark any Borrower Materials “PUBLIC.” 
 6.02 Payment of Obligations. The Borrower will pay and discharge, and will cause each Subsidiary to pay and discharge, all material taxes, assessments and governmental charges or levies imposed
upon it or upon its income or profits, or upon any property belonging to it, prior to the date on which penalties attach thereto, and all lawful material claims which, if unpaid, might become a Lien upon the property of the Borrower or such
Subsidiary; provided that neither the Borrower nor any such Subsidiary shall be required to pay any such tax, assessment, charge, levy or claim (a) the payment of which is being contested in good faith and by proper proceedings,
(b) not yet delinquent or (c) the non-payment of which, if taken in the aggregate, would not be reasonably likely to result in a Material Adverse Effect. 
 6.03 Insurance. The Borrower will maintain, and will cause each Restricted Subsidiary to maintain, insurance from responsible companies in such amounts and against such risks as is customarily
carried by owners of similar businesses and properties in the same general areas in which the Borrower or such Restricted Subsidiary operates or, to the customary extent, self-insurance. 

6.04 Maintenance of Existence. The Borrower will preserve and maintain, and will cause each Restricted Subsidiary to preserve and
maintain, its corporate existence and all of its rights, privileges and franchises necessary or desirable in the normal conduct of its business, and conduct its business in an orderly, efficient and regular manner. Nothing herein contained shall
prevent the termination of the business or corporate existence of any Restricted Subsidiary which in the judgment of the Borrower is no longer necessary or desirable, a merger or consolidation of a Restricted Subsidiary into or with the Borrower (if
the Borrower is the surviving corporation) or another Restricted Subsidiary or any merger, consolidation or transfer of assets permitted by Section 6.07, as long as immediately after giving effect to any such transaction, no Default
shall have occurred and be continuing. 

  
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 6.05 Maintenance of Properties. The Borrower will keep, and will cause each
Restricted Subsidiary to keep, all of its properties necessary, in the judgment of the Borrower, in its business in good working order and condition, ordinary wear and tear excepted. Nothing in this Section 6.05 shall prevent the
Borrower or any Restricted Subsidiary from discontinuing the operation or maintenance, or both the operation and maintenance, of any properties of the Borrower or any such Restricted Subsidiary if such discontinuance is, in the judgment of the
Borrower (or such Restricted Subsidiary), desirable in the conduct of its business. 
 6.06 Compliance with Laws. The
Borrower will comply, and will cause each Restricted Subsidiary to comply, with the requirements of all applicable laws, rules, regulations, and orders of any Governmental Authority, a breach of which would be reasonably expected to have a Material
Adverse Effect, except where contested in good faith and by proper proceedings. 
 6.07 Use of Facility. The Borrower
will use the proceeds of the Loans for acquisitions and any other lawful corporate purposes. 
 6.08 Covenant to Guarantee
Obligations; Release of Guaranty; Further Covenant to Guarantee. 
 (a) If, during the Guarantee Trigger Period, the
Borrower or any of its Subsidiaries incurs any Indebtedness for borrowed money (including, without limitation, commercial paper obligations incurred after the Closing Date) in excess of $250,000,000 at any time in the aggregate above the amount of
Indebtedness outstanding at any time pursuant to the Public Notes outstanding on the Closing Date, and such Indebtedness is Guaranteed by the Borrower or any of its Subsidiaries (as applicable) (all such Indebtedness, whenever incurred and
including without limitation the Public Notes outstanding on the closing date of the Existing Credit Agreement, collectively the “Guaranteed Indebtedness”), then the Borrower shall notify the Administrative Agent upon such
incurrence, and in the case of each such subsequent incurrence of Guaranteed Indebtedness, and promptly thereafter (and in any event within 30 days after receipt of such notice), cause each such Subsidiary that has Guaranteed, or is the borrower or
obligor of, any such Guaranteed Indebtedness to (x) become a Guarantor (and Guarantee the Obligations of the Borrower hereunder) by executing and delivering to the Administrative Agent a counterpart of the Guaranty, and (y) deliver to the
Administrative Agent documents of the types referred to in clauses (iii) and (iv) of Section 4.01(a) and favorable opinions of counsel to such Subsidiary (which shall cover, among other things, the legality,
validity, binding effect and enforceability of the documentation referred to in clause (x)), all in form, content and scope reasonably satisfactory to the Administrative Agent. 

(b) Notwithstanding any other provision of this Agreement or any other Loan Document, if at any time a Guarantor no longer Guarantees, or
is the borrower or obligor under, as applicable, any Guaranteed Indebtedness, then, upon the request of the Borrower to the Administrative Agent, such Guarantor shall be released from its obligations under its applicable Guaranty. 

(c) Upon (i) the payment and satisfaction in full of all Guaranteed Indebtedness and the release of each Guaranty provided
thereunder, or (ii) the aggregate amount of Guaranteed Indebtedness equaling an amount that is less than or equal to $250,000,000, then the Borrower 

  
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shall notify the Administrative Agent and the Guarantor(s) (if any) shall be released from their obligations hereunder (the “Guarantee Release”); provided, however,
that, if, after any Guarantee Release but during the Guarantee Trigger Period, the Borrower or any of its Subsidiaries again incurs any Guaranteed Indebtedness in excess of $250,000,000 at any time in the aggregate, then the Borrower shall notify
the Administrative Agent, and promptly thereafter (and in any event within 30 days after receipt of such notice), cause each such Subsidiary that has Guaranteed, or is the borrower or obligor of, such Guaranteed Indebtedness to comply with the
requirements set forth in Section 6.08(a) above in becoming a Guarantor hereunder. 
 ARTICLE VII. NEGATIVE
COVENANTS 
 So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain
unpaid or unsatisfied, the Borrower shall not, nor shall any Loan Party (where applicable), directly or indirectly: 
 7.01
Mergers, Consolidations and Sales of Assets. 
 (a) The Borrower shall not consolidate with or merge into any other Person or
convey or transfer its properties and assets substantially as an entirety to any Person, unless: 
 (i) the
Borrower or another solvent corporation that is incorporated under the laws of the United States, any state thereof or the District of Columbia is the surviving corporation of any such consolidation or merger or is the Person that acquires by
conveyance or transfer the properties and assets of the Borrower substantially as an entirety; 
 (ii) if a
Person other than the Borrower is the surviving corporation as described in subsection (a)(i) above or is the Person that acquires the property and assets of the Borrower substantially as an entirety, it shall expressly assume the performance
of every covenant of this Agreement and of the Notes and any other Loan Documents on the part of the Borrower, as the case may be, to be performed or observed; 
 (iii) immediately after giving effect to such transaction, no Default shall have occurred and be continuing; and 
 (iv) if the Borrower is not the surviving corporation, the Borrower has delivered to the Administrative Agent an Officer’s Certificate and a legal opinion, upon the express instruction of the
Borrower for the benefit of the Administrative Agent and the Lenders, each stating that such transaction complies with this Section and that all conditions precedent herein provided for relating to such transaction have been complied with.

 (b) Upon any consolidation by the Borrower with, or merger by the Borrower into, any corporation described in
Section 7.01(a)(i) or any conveyance or transfer of the properties and assets of the Borrower substantially as an entirety to any corporation described in Section 7.01(a)(i), such corporation into which the Borrower is merged
or consolidated or to which such conveyance or transfer is made shall succeed to, and be substituted for, and may exercise every right and power of the Borrower, under this Agreement with the same effect as if

  
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such corporation had been named as the “Borrower” herein, and thereafter, in the case of a transfer or conveyance permitted by Section 7.01(a), the Borrower shall be
relieved of all obligations and covenants under each Loan Document. 
 (c) No other Loan Party (other than the Borrower) shall
consolidate with or merge into any other Person or convey or transfer its properties and assets substantially as an entirety to any Person, unless: 
 (i) the Borrower, another Loan Party or another solvent corporation that is incorporated under the laws of the United States, any state thereof or the District of Columbia is the surviving corporation of
any such consolidation or merger or is the Person that acquires by conveyance or transfer the properties and assets of such Loan Party substantially as an entirety; 

(ii) if a Person other than the Borrower or another Loan Party is the surviving corporation as described in
subsection (c)(i) above or is the Person that acquires the property and assets of such Loan Party substantially as an entirety, it shall expressly assume the performance of every covenant of any applicable Loan Document on the part of
such Loan Party, as the case may be, to be performed or observed; 
 (iii) immediately after giving effect to
such transaction, no Default shall have occurred and be continuing; and 
 (iv) if the Borrower or another Loan
Party is not the surviving corporation, the Borrower has delivered to the Administrative Agent an Officer’s Certificate and a legal opinion, upon the express instruction of the Borrower for the benefit of the Administrative Agent and the
Lenders, each stating that such transaction complies with this Section and that all conditions precedent herein provided for relating to such transaction have been complied with. 

(d) Upon any consolidation by any Loan Party with, or merger by any Loan Party into, any corporation described in
Section 7.01(c)(i) or any conveyance or transfer of the properties and assets of any Loan Party substantially as an entirety to any corporation described in Section 7.01(c)(i), such corporation into which such Loan Party is
merged or consolidated or to which such conveyance or transfer is made shall succeed to, and be substituted for, and may exercise every right and power of such Loan Party, under the applicable Loan Documents with the same effect as if such
corporation had been named as such “Loan Party” therein, and thereafter, in the case of a transfer or conveyance permitted by Section 7.01(c), such Loan Party shall be relieved of all obligations and covenants under each
such Loan Document of which it is a party. 
 7.02 Limitation on Liens. The Borrower will not, and will not permit any
Subsidiary to, create or suffer to exist any Lien upon any of its assets, now owned or hereafter acquired, securing any Indebtedness; provided, however, that the foregoing restrictions shall not apply to: 

(a) Liens on any assets owned by the Borrower or any Subsidiary existing at the date of this Agreement; 

  
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 (b) Liens on assets of a corporation or other entity existing at the time such corporation
or other entity is merged into or consolidated with the Borrower or a Subsidiary (to the extent applicable, in accordance with Section 7.01) or at the time of a purchase, lease or other acquisition of the assets of a corporation or other
entity as an entirety or substantially as an entirety by the Borrower or a Subsidiary, whether or not any indebtedness secured by such Liens is assumed by the Borrower or such Subsidiary; 

(c) Liens on assets of a corporation or other entity existing at the time such corporation or other entity becomes a Subsidiary;

 (d) Liens securing Indebtedness of a Subsidiary owing to the Borrower or to another Subsidiary; 

(e) materialmen’s, suppliers’, tax or other similar Liens arising in the ordinary course of business securing obligations which
are not overdue or are being contested in good faith by appropriate proceedings; and Liens arising by operation of law in favor of any lender to the Borrower or any Subsidiary in the ordinary course of business constituting a banker’s lien or
right of offset in moneys of the Borrower or a Subsidiary deposited with such lender in the ordinary course of business; 
 (f)
Liens on assets existing at the time of acquisition of such assets by the Borrower or a Subsidiary, or Liens to secure the payment of all or any part of the purchase price of assets upon the acquisition of such assets by the Borrower or a Subsidiary
or to secure any Indebtedness incurred or guaranteed by the Borrower or a Subsidiary prior to, at the time of, or within one year after the later of the acquisition, completion of construction (including any improvements on an existing asset) or
commencement of full operation of such asset, which Indebtedness is incurred or guaranteed for the purpose of financing all or any part of the purchase price thereof or construction or improvements thereon, and which Indebtedness may be in the form
of obligations incurred in connection with industrial revenue bonds or similar financings and letters of credit issued in connection therewith; provided, however, that in the case of any such acquisition, construction or improvement
the Lien shall not apply to any asset theretofore owned by the Borrower or a Subsidiary, other than, in the case of any such construction or improvement, any theretofore unimproved real property on which the property so constructed or the
improvement made is located; 
 (g) Liens in favor of any customer (including any Governmental Authority) to secure partial,
progress, advance or other payments or performance pursuant to any contract or statute or to secure any related indebtedness or to secure Indebtedness guaranteed by a Governmental Authority; 

(h) Liens on cash or certificates of deposit or other bank obligations in an amount substantially equal in value (at the time such Liens
are created) to, and securing, indebtedness in an aggregate principal amount not in excess of $300,000,000 (or the equivalent amount in a different currency); 
 (i) Liens equally and ratably securing the Loans and such Indebtedness; provided that the Required Lenders may, in their sole discretion, refuse to take any Lien on any asset

  
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(which refusal will not limit the Borrower’s or any Subsidiary’s ability to incur a Lien otherwise permitted by this Section 7.02(i)); such Liens may equally and ratably
secure the Loans and any other obligation of the Borrower or any of its Subsidiaries, other than an obligation that is subordinated to the Loans; 
 (j) any extension, renewal or replacement (or successive extensions, renewals or replacements) in whole or in part of any Lien referred to in the foregoing; provided, however, that the
principal amount of Indebtedness secured thereby shall not exceed the principal amount of Indebtedness so secured at the time of such extension, renewal or replacement, and that such extension, renewal or replacement shall be limited to all or part
of the asset which secured the Lien so extended, renewed or replaced (plus improvements and construction on such asset); 
 (k)
Liens arising out of the posting of cash collateral pursuant to Section 2.17 or Section 8.02 of the Existing Credit Agreement; and 
 (l) Liens securing Indebtedness in an aggregate amount that, together, without duplication, with all other Indebtedness of the Borrower and its Subsidiaries that is secured by Liens not otherwise
permitted under subsections (a) through (j) above (if originally issued, assumed or guaranteed at such time), does not at any time exceed, when added to Indebtedness of any Subsidiary permitted by Section 7.04
during any period when the Obligations of the Borrower are not guaranteed by any Guarantor, the greater of (x) 10% of Stockholders’ Equity as of the end of the fiscal quarter preceding the date of determination and (y) $1,000,000,000.

 This covenant shall not apply to any “margin stock” within the meaning of Regulation U in excess of 25% in
value of the assets covered by this covenant. For the avoidance of doubt, the creation of a security interest arising solely as a result of, or the filing of UCC financing statements in connection with, any sale by the Borrower or any of its
Subsidiaries of accounts receivable not prohibited by Section 7.01 shall not constitute a Lien prohibited by this covenant. 
 7.03 Leverage Ratio. The Borrower will not permit, as of the end of any fiscal quarter of the Borrower, for the Borrower and its Subsidiaries on a consolidated basis, the ratio of
(a) Indebtedness to (b) the sum of Indebtedness and Stockholders’ Equity, to exceed 65.0%. 
 7.04 Limitations
on Subsidiary Indebtedness. During any period when the Obligations of the Borrower are not guaranteed by any Guarantor, the Borrower will not permit any Subsidiary to create, incur, assume or suffer to exist any Indebtedness, except
Indebtedness in an aggregate principal amount at any time outstanding not to exceed, when added to other secured Indebtedness of the Borrower and any Subsidiary permitted by Section 7.02(l) and any other Indebtedness of the Borrower that
is Guaranteed by any Subsidiary, the greater of (x) 10% of Stockholders’ Equity as of the end of the fiscal quarter preceding the date of determination or (y) $1,000,000,000 (the “Priority Debt Basket”). For the
avoidance of doubt, during the period from and including the Closing Date through the payment and satisfaction in full of all public note obligations of the Borrower’s Subsidiaries outstanding on the date of the Existing Credit Agreement
(including, without limitation, the Public Notes as defined herein), the principal amount outstanding under such public notes shall count against the Priority Debt Basket above. 

  
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 ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES 

8.01 Events of Default. Any of the following shall constitute an Event of Default: 

(a) the Borrower shall fail to pay the principal of any Loan when due; or 

(b) the Borrower shall fail to pay within five days of the due date thereof any Facility Fee or any interest on any Loan; or 

(c) the Borrower shall fail to pay within 30 days after written request for payment by any Lender acting through the Administrative Agent
any other amount payable under this Agreement; or 
 (d) the Borrower shall fail to observe or perform any agreement contained
in Section 6.01(e) or Article VII; or 
 (e) the Borrower shall fail to observe or perform any covenant
or agreement contained in this Agreement or the Guaranty (other than those covered by clauses (a) through (d) above) for 30 days after written notice thereof has been given to the Borrower by the Administrative Agent at the
request of the Required Lenders; or 
 (f) any representation or warranty made by the Borrower or any other Loan Party herein,
in Article V of this Agreement or any certificate or writing furnished pursuant to this Agreement shall prove to have been incorrect in any material respect when made and such deficiency shall remain unremedied for five days after
written notice thereof shall have been given to the Borrower by the Administrative Agent at the request of the Required Lenders; or 
 (g) any Material Debt shall become due before stated maturity by the acceleration of the maturity thereof by reason of default, or any Material Debt shall become due by its terms and shall not be paid
and, in any case aforesaid in this subsection (g), corrective action satisfactory to the Required Lenders shall not have been taken within five days after written notice of the situation shall have been given to the Borrower by the
Administrative Agent at the request of the Required Lenders; or 
 (h) the Borrower or any Restricted Subsidiary shall commence
a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee,
receiver, liquidator, custodian or other similar official of it or any substantial part of its property, or shall consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other
proceeding commenced against it, or shall make a general assignment for the benefit of creditors, or shall fail generally to pay its debts as they become due, or shall take any corporate action to authorize any of the foregoing; or 

(i) an involuntary case or other proceeding shall be commenced against the Borrower or any Restricted Subsidiary seeking liquidation,
reorganization or other relief with respect to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it

  
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or any substantial part of its property, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of 90 days; or an order for relief shall be entered
against the Borrower or any Restricted Subsidiary under the federal bankruptcy laws as now or hereafter in effect; or 
 (j) a
final judgment for the payment of money in excess of $150,000,000 (net of any amounts paid or fully covered by independent third party insurance as to which the relevant insurance company does not dispute coverage) shall have been entered against
the Borrower or any Restricted Subsidiary, and the Borrower or such Restricted Subsidiary shall not have satisfied the same within 60 days, or caused execution thereon to be stayed within 60 days, and such failure to satisfy or stay such judgment
shall remain unremedied for five days after notice thereof shall have been given to the Borrower by the Administrative Agent at the request of the Required Lenders; or 
 (k) a final judgment either (1) requiring termination or imposing liability (other than for premiums under Section 4007 of ERISA) under Title IV of ERISA in respect of, or requiring a trustee to
be appointed under Title IV of ERISA to administer, any Plan or Plans having aggregate Unfunded Liabilities in excess of $150,000,000 or (2) in an action relating to a Multiemployer Plan involving a current payment obligation in excess of
$150,000,000, which judgment, in either case, has not been satisfied or stayed within 60 days and such failure to satisfy or stay is unremedied for five days after notice thereof shall have been given to the Borrower by the Administrative Agent at
the request of the Required Lenders; or 
 (l) there occurs any Change of Control; or 

(m) any Guaranty of any material Loan Party (such materiality to be determined by the Administrative Agent in its reasonable discretion),
at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Loan Party contests in any manner
the validity or enforceability of any Guaranty; or any Loan Party denies that it has any or further liability or obligation under any Guaranty, or purports to revoke, terminate or rescind any Guaranty. 

8.02 Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the Administrative Agent shall, at
the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions: 
 (a) declare the
commitment of each Lender to make Loans to be terminated, whereupon such commitments and obligation shall be terminated; 
 (b)
declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand,
protest or other notice of any kind, all of which are hereby expressly waived by the Borrower; and 
 (c) exercise on behalf of
itself and the Lenders all rights and remedies available to it and the Lenders under the Loan Documents; 

  
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 provided, however, that upon the occurrence of an actual or deemed entry of an order for
relief with respect to the Borrower under the Bankruptcy Code of the United States, the obligation of each Lender to make Loans shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as
aforesaid shall automatically become due and payable without further act of the Administrative Agent or any Lender. 

8.03 Application of Funds. After the exercise of remedies provided for in Section 8.02 (or after
the Loans have automatically become immediately due and payable as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations shall, subject to the provisions of Section 2.12, be applied by
the Administrative Agent in the following order: 
 First, to payment of that portion of the Obligations constituting
fees, indemnities, expenses and other amounts (including fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such;

 Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than
principal and interest) payable to the Lenders (including fees, charges and disbursements of counsel to the respective Lenders and amounts payable under Article III), ratably among them in proportion to the respective amounts described
in this clause Second payable to them; 
 Third, to payment of that portion of the Obligations constituting
accrued and unpaid interest on the Loans and other Obligations, ratably among the Lenders in proportion to the respective amounts described in this clause Third payable to them; 

Fourth, to payment of that portion of the Obligations constituting unpaid principal of the Loans and Obligations then owing under
Swap Contracts with Hedge Banks and Cash Management Agreements, ratably among the Lenders, the Cash Management Banks and the Hedge Banks in proportion to the respective amounts described in this clause Fourth held by them; and 

Last, the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Borrower or as otherwise
required by Law. 
 Notwithstanding the foregoing, Obligations arising under Cash Management Agreements and Swap Contracts with
Hedge Banks shall be excluded from the application described above if the Administrative Agent has not received written notice thereof, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash
Management Bank or Hedge Bank, as the case may be. Each Cash Management Bank or Hedge Bank not a party to this Agreement that has given the written notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged
and accepted the appointment of the Administrative Agent pursuant to the terms of Article IX for itself and its Affiliates as if such Cash Management Bank or Hedge Bank were a “Lender” party hereto. 

  
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 ARTICLE IX. ADMINISTRATIVE AGENT 

9.01 Appointment and Authority. Each of the Lenders hereby irrevocably appoints Bank of America to act on its behalf as the
Administrative Agent hereunder and under the other Loan 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. The provisions of this Article are solely for the benefit of the Administrative Agent and the Lenders, and the Borrower shall not have rights as a third party beneficiary of
any of such provisions. 
 9.02 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.

 9.03 Exculpatory Provisions. The Administrative Agent shall not have any duties or obligations except
those expressly set forth herein and in the other Loan Documents. Without limiting the generality of the foregoing, the Administrative Agent: 
 (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a 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 Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be
expressly provided for herein or in the other Loan 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 Loan Document or applicable law; and 
 (c) shall not, except as expressly
set forth herein and in the other Loan 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 10.01 and 8.02) 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 unless and until notice describing such Default is given to the Administrative Agent by the Borrower or a Lender. 

  
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 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 Loan 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, (iv) the validity, enforceability,
effectiveness or genuineness of this Agreement, any other Loan 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. 
 9.04 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 that by its terms must be
fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender prior to the making of
such Loan. 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. 
 9.05 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 Loan 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 facilities provided for herein as well as activities as Administrative Agent. 

9.06 Resignation of Administrative Agent. 
 (a) 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 30 days after the retiring Administrative Agent gives notice of its resignation (or such earlier day as shall be agreed by the Required Lenders) 

  
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(the “Resignation Effective Date”), then the retiring Administrative Agent may (but shall not be obligated to) on behalf of the Lenders, appoint a successor Administrative Agent
meeting the qualifications set forth above. Whether or not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date. 

(b) If the Person serving as Administrative Agent is a Defaulting Lender pursuant to clause (d) of the definition thereof,
the Required Lenders may, to the extent permitted by applicable law, by notice in writing to the Borrower and such Person remove such Person as Administrative Agent and, in consultation with the Borrower, appoint a successor. If no such successor
shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the Required Lenders) (the “Removal Effective Date”), then such removal shall
nonetheless become effective in accordance with such notice on the Removal Effective Date. 
 (c) With effect from the
Resignation Effective Date or the Removal Effective Date (as applicable) (1) the retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents and (2) except for
any indemnity payments or other amounts then owed to the retiring or removed Administrative Agent, 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, if any, as the Required Lenders appoint a successor Administrative Agent as provided for above. 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 removed) Administrative Agent (other than as provided in Section 3.07 and other than any rights to indemnity payments or other amounts owed to
the retiring or removed Administrative Agent as of the Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder or
under the other Loan Documents (if not already discharged therefrom as provided above in this Section). 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 or removed Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of this Article and Section 10.04 shall
continue in effect for the benefit of such retiring or removed 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 or removed
Administrative Agent was acting as Administrative Agent. 
 9.07 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 Loan Document or any related agreement or any document
furnished hereunder or thereunder. 

  
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 9.08 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of
the Bookrunners, Arrangers or Syndication Agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative
Agent or a Lender hereunder. 
 9.09 Administrative Agent May File Proofs of Claim. In case of the pendency of any
proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein expressed or by declaration or
otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans
and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Administrative Agent (including any claim for the reasonable compensation,
expenses, disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the Administrative Agent under 2.07 and 10.04) allowed in such judicial
proceeding; and 
 (b) to collect and receive any monies or other property payable or deliverable on any such
claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any
such judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to the
Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.07 and
10.04. 
 Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or
accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender to authorize the Administrative Agent to vote in respect of the claim of any Lender in
any such proceeding. 
 9.10 Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option
and in its discretion, to release any Guarantor from its obligations under the Guaranty pursuant to Section 6.08 or if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. 

9.11 Cash Management Agreements and Swap Contracts. No Cash Management Bank or Hedge Bank that obtains the benefit of the
provisions of Section 8.03, Article X or the Guaranty by virtue of the provisions hereof or of Article X or the Guaranty shall have any right to notice of any action or to consent to, direct or object to any
action hereunder or under any 

  
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other Loan Document other than in its capacity as a Lender hereunder and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this
Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Cash Management Agreements and Swap
Contracts unless the Administrative Agent has received written notice of such Obligations to the contrary, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank,
as the case may be. 
 ARTICLE X. MISCELLANEOUS 

10.01 Amendments, Etc. No amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent to any
departure by the Borrower or any other Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders and the Borrower or the applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent, and
each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall: 

(a) waive any condition set forth in Section 4.01(a) without the written consent of each Lender; 

(b) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 8.02) without
the written consent of such Lender; 
 (c) postpone any date fixed by this Agreement or any other Loan Document for any payment
of principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under any other Loan Document without the written consent of each Lender directly affected thereby; 

(d) reduce the principal of, or the rate of interest specified herein on, any Loan, or (subject to clause (ii) of the second
proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document without the written consent of each Lender directly affected thereby; provided, however, that only the consent of
the Required Lenders shall be necessary (i) to amend the definition of “Default Rate” or to waive any obligation of the Borrower to pay interest at the Default Rate or (ii) to amend any financial covenant hereunder (or any
defined term used therein); 
 (e) change Section 8.03 in a manner that would alter the pro rata sharing of payments
required thereby without the written consent of each Lender; 
 (f) change any provision of this Section or the definition of
“Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder, without the written
consent of each Lender; or 

  
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 (g) release the Guarantors from the Guaranty without the written consent of each Lender,
except to the extent the release of any Guarantor is permitted pursuant to Section 9.10 (in which case such release may be made by the Administrative Agent acting alone); 
 and, provided further, that (i) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Lenders required above, affect the
rights or duties of the Administrative Agent under this Agreement or any other Loan Document; and (ii) the Fee Letters may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto. Notwithstanding
anything to the contrary herein, 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. 
 10.02 Notices; Effectiveness; Electronic Communication. 

(a) Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and
except as provided in subsection (b) below), 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, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(i) if to the Borrower or the Administrative Agent, to the address, telecopier number, electronic mail address or
telephone number specified for such Person on Schedule 10.02; and 
 (ii) if to any other Lender, to
the address, telecopier number, electronic mail address or telephone number specified in its Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative Questionnaire
then in effect for the delivery of notices that may contain material non-public information relating to the Borrower). 
 Notices and other
communications sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and other communications 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 and other communications delivered through electronic
communications to the extent provided in subsection (b) below, shall be effective as provided in such subsection (b). 
 (b) Electronic Communications. Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication (including e-mail and

  
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Internet or intranet websites) 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 communications 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
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. 
 (c) The Platform. THE PLATFORM IS PROVIDED
“AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS
FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NONINFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS
MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS 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, any
Lender or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s or the Administrative Agent’s transmission of Borrower Materials through the
Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of
such Agent Party; provided, however, that in no event shall any Agent Party have any liability to the Borrower, any Lender or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct
or actual damages). 
 (d) Change of Address, Etc. Each of the Borrower and the Administrative Agent may change its
address, telecopier or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, telecopier or telephone number for notices and other communications hereunder by
notice to the Borrower and the Administrative Agent. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone
number, telecopier number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire 

  
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instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the “Private Side
Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable Law, including United
States Federal and state securities Laws, to make reference to Borrower Materials that are not made available through the “Public Side Information” portion of the Platform and that may contain material non-public information with respect
to the Borrower or its securities for purposes of United States Federal or state securities laws. 
 (e) Reliance by
Administrative Agent and Lenders. The Administrative Agent and the Lenders shall be entitled to rely and act upon any notices (including telephonic Loan Notices) purportedly given by or on behalf of the Borrower even if (i) such notices
were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The
Borrower shall indemnify the Administrative Agent, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of
the Borrower. All telephonic notices to and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 

10.03 No Waiver; Cumulative Remedies; Enforcement. No failure by any Lender or the Administrative Agent to exercise, and no delay
by any such Person in exercising, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise
thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

Notwithstanding anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies
hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the
Administrative Agent in accordance with Section 8.02 for the benefit of all the Lenders; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the
rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) any Lender from exercising setoff rights in accordance with Section 10.08 (subject to
the terms of Section 2.11), or (c) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Loan Party under any Debtor Relief Law; and
provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative
Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.11, any Lender may, with the
consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 

  
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 10.04 Expenses; Indemnity; Damage Waiver. 

(a) Costs and Expenses. 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 facilities provided for herein, the preparation, negotiation, execution, delivery
and administration of this Agreement and the other Loan 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
out-of-pocket expenses incurred by the Administrative Agent or any Lender (including the fees, charges and disbursements of any counsel for the Administrative Agent or any Lender), in connection with the enforcement or protection of its rights
(A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made hereunder, including all such out-of-pocket expenses incurred during any workout,
restructuring or negotiations in respect of such Loans. 
 (b) Indemnification by the Borrower. The Borrower shall
indemnify the Administrative Agent (and any sub-agent thereof), each Arranger and 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 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 other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the
performance by the parties hereto of their respective obligations hereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related
Parties only, the administration of this Agreement and the other Loan Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or the use or proposed use of the proceeds therefrom, (iii) any
actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by the Borrower or any of its Subsidiaries, or any Environmental Liability 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 other Loan Party,
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 other Loan Party against an
Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrower or such other Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by
a court of competent jurisdiction. 
 (c) Reimbursement by Lenders. To the extent that the Borrower for any reason fails
to indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof) or any Related Party of any of the

  
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foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent) or such Related Party, as the case may be, such Lender’s Applicable Percentage (determined
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 expense, as the case may be, was
incurred by or asserted against the Administrative Agent (or any such sub-agent) in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent) in connection with such
capacity. The obligations of the Lenders under this subsection (c) are subject to the provisions of Section 2.10(d). 
 (d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of
liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated
hereby, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof. No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by unintended recipients of any
information or other materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the
transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court of competent
jurisdiction.(e) Payments. All amounts due under this Section shall be payable not later than ten Business Days after demand therefor. 
 (f) Survival. The agreements in this Section shall survive the resignation of the Administrative Agent, the replacement of any Lender, the termination of the Aggregate Commitments and the
repayment, satisfaction or discharge of all the other Obligations. 
 10.05 Payments Set Aside. To the extent that any
payment by or on behalf of the Borrower is made to the Administrative Agent or any Lender, or the Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently
invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in
connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if
such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the
Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under clause (b) of
the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement. 

  
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 10.06 Successors and Assigns. 

(a) Successors and Assigns Generally. 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 the Borrower may not 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 subsection (b) of this Section, (ii) by way of participation
in accordance with the provisions of subsection (d) of this Section or (iii) by way of pledge or assignment of a security interest subject to the restrictions of subsection (f) of this Section (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 subsection (d) of this Section 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) Assignments by Lenders. 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 Commitment and the Loans at the time owing to it); provided that any such assignment shall be subject to the following
conditions: 
 (i) Minimum Amounts. 

(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 subsection (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the
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 a “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $5,000,000 unless each of the Administrative Agent and, so long as no Event of Default has occurred and
is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed); provided, however, that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an
Assignee Group to a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether such minimum amount has been met. 

  
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 (ii) Proportionate Amounts. 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 Loans or the Commitment assigned; 

(iii) Required Consents. No consent shall be required for any assignment except to the extent required by
subsection (b)(i)(B) of this Section and, in addition: 
 (A) the consent of the Borrower (such consent
not to be unreasonably withheld) shall be required unless (1) an Event of Default has occurred and is continuing at the time of such assignment or (2) such assignment is to (x) a Lender, (y) an Affiliate of a Lender or
(z) any other financial institution or Approved Fund 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; provided
that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within ten (10) Business Days after having received notice thereof; and 

(B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required if
such assignment is to a Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender. 
 (iv) Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in
the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to
the Administrative Agent an Administrative Questionnaire. 
 (v) No Assignment to Certain Persons. No such
assignment shall be made (A) to the Borrower or any of the Borrower’s Affiliates or Subsidiaries, (B) to 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), or (C) to a natural person. 
 (vi)
Certain Additional Payments. 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
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

  
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(and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of all Loans in accordance with its Applicable Percentage. 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. 
 Subject to acceptance and recording thereof by the
Administrative Agent pursuant to subsection (c) of this Section, 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 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 3.01, 3.04, 3.05, and 10.04 with respect to facts and circumstances occurring prior to the effective date of such assignment. Upon request, the Borrower (at its expense) shall
execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection 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 subsection (d) of this Section. 
 (c)
Register. The Administrative Agent, acting solely for this purpose as an agent of the Borrower (and such agency being solely for tax purposes), shall maintain at the Administrative Agent’s Office 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, and revocation of designation, of any Lender as a Defaulting
Lender. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 
 (d) Participations. 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 Commitment and/or
the Loans owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such
obligations and (iii) the Borrower, the Administrative Agent and the Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. 

  
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 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 the first proviso to Section 10.01 that affects such Participant. Subject to subsection (e) of this Section,
the Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to
subsection (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender, provided such Participant agrees to be subject to
Section 2.11 as though it were a Lender. 
 (e) Limitations upon Participant Rights. A Participant shall not
be entitled to receive any greater payment under Section 3.01 or 3.04 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 3.01 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 3.01(e) as though it were a Lender. 
 (f) Certain Pledges. 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 Note, 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. 
 10.07 Treatment of Certain Information; Confidentiality. Each
of the Administrative Agent and the Lenders agrees 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, trustees, advisors and 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, such as the National Association of Insurance Commissioners), (c) to the
extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or
proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to any actual or
prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its obligations, (g) with the consent of the Borrower or (h) to the extent such Information (x) becomes publicly available
other than as a result of a breach of this Section or (y) becomes available to the Administrative Agent, any Lender or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower. For purposes of this
Section, “Information” means all information received from 

  
 61 

 
the Borrower or any Subsidiary relating to the Borrower or any Subsidiary or any of their respective businesses, other than any such information that is available to the Administrative Agent or
any Lender on a nonconfidential basis prior to disclosure by the Borrower or any Subsidiary, provided that, in the case of information received from the Borrower or any Subsidiary after the date hereof, such information is clearly identified
at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of
care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

Each of the Administrative Agent and the Lenders acknowledges that (a) the Information may include material non-public information
concerning the Borrower or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information and (c) it will handle such material non-public information in accordance with
applicable Law, including United States Federal and state securities Laws. 
 10.08 Right of Setoff. If an Event of
Default shall have occurred and be continuing, each Lender and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender or any such Affiliate to or for the credit or the account of the Borrower
against any and all of the obligations of the Borrower now or hereafter existing under this Agreement or any other Loan Document to such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement or any other
Loan Document and although such obligations of the Borrower may be contingent or unmatured or are owed to a branch or office of such 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 2.12 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 and the Lenders, 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 and its Affiliates under this Section
are in addition to other rights and remedies (including other rights of setoff) that such Lender or its Affiliates may have. Each Lender 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. 
 10.09
Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable
Law (the “Maximum Rate”). If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid
principal, refunded to the Borrower. In determining whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the 

  
 62 

 
Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest,
(b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 

10.10 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 Loan Documents constitute the entire contract among the parties relating to
the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01, 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 imaging means shall be effective as delivery of a manually executed counterpart of this Agreement. 
 10.11 Survival of Representations and Warranties. All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in
connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by
the Administrative Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default at the time of any Credit Extension, and shall continue in full force and
effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied. 
 10.12 Severability.
If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not
be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of
the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this
Section 10.12, if and to the extent that the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent, then such
provisions shall be deemed to be in effect only to the extent not so limited. 
 10.13 Replacement of Lenders. If any
Lender requests compensation under Section 3.04, if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, if any Lender is a
Defaulting Lender, if any Lender is a Restricted Lender (as defined below) or if any other circumstance exists hereunder that gives the Borrower the right to replace a Lender as a party 

  
 63 

 
hereto, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance
with and subject to the restrictions contained in, and consents required by, Section 10.06), all of its interests, rights and obligations under this Agreement and the related Loan Documents to an assignee that shall assume such
obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that: 
 (a) the Borrower
shall have paid to the Administrative Agent the assignment fee specified in Section 10.06(b); 
 (b) such Lender
shall have received payment of an amount equal to 100% of the outstanding principal of its Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under
Section 3.05) 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); 
 (c) in the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments required to be made pursuant to Section 3.01, such assignment will
result in a reduction in such compensation or payments thereafter; 
 (d) in the case of any such assignment by a Restricted
Lender, the assignee must have approved in writing the substance of the amendment, waiver or consent which caused the assignor to be a Restricted Lender; and 
 (e) such assignment does not conflict with applicable Laws. 
 A Lender shall not
be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 

For the purposes of this Section 10.13, a “Restricted Lender” means a Lender that fails to approve an
amendment, waiver or consent requested by the Loan Parties pursuant to Section 10.01 that has received the written approval of not less than the Required Lenders but also requires the approval of such Lender. 

In addition to the rights provided to the Borrower above, the Borrower may also terminate the unused amount of the Commitment of any
Lender that is a Defaulting Lender upon not less than five Business Days’ prior notice to the Administrative Agent (which shall promptly notify the Lenders thereof), and in such event the provisions of Section 2.12(a)(ii) will apply
to all amounts thereafter paid by the Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts); provided that (i) no Event of Default shall have
occurred and be continuing, and (ii) such termination shall not be deemed to be a waiver or release of any claim the Borrower, the Administrative Agent or any Lender may have against such Defaulting Lender. 

  
 64 

 10.14 Governing Law; Jurisdiction; Etc. 

(a) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 (b) SUBMISSION TO JURISDICTION. THE BORROWER IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO
THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING
OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY
BE HEARD AND DETERMINED IN SUCH NEW YORK 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 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 LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT OR ANY LENDER MAY OTHERWISE HAVE TO BRING
ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST THE BORROWER OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 
 (c) WAIVER OF VENUE. 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 LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. 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) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN
SECTION 10.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 
 10.15 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY
OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR 

  
 65 

 
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 LOAN DOCUMENTS
BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 10.16 No Advisory or Fiduciary
Responsibility. In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), the Borrower acknowledges and agrees that:
(i) (A) the arranging and other services regarding this Agreement provided by the Administrative Agent and the Arrangers are arm’s-length commercial transactions between the Borrower and its Affiliates, on the one hand, and the
Administrative Agent and the Arrangers, on the other hand, (B) the Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) the Borrower is capable of evaluating, and
understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) the Administrative Agent and the Arrangers each is and has been acting solely as a principal and,
except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for the Borrower or any of its Affiliates, or any other Person and (B) neither the Administrative
Agent nor the Arrangers has any obligation to the Borrower or any of its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (iii) the
Administrative Agent and the Arrangers their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrower and its Affiliates, and neither the Administrative Agent nor the
Arrangers has any obligation to disclose any of such interests to the Borrower or its Affiliates. To the fullest extent permitted by law, the Borrower hereby waives and releases any claims that it may have against the Administrative Agent and the
Arrangers with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 
 10.17 Electronic Execution of Assignments and Certain Other Documents. The words “execution,” “signed,” “signature,” and words of like import in any Assignment and
Assumption or in any amendment or other modification hereof (including waivers and consents) 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, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 
 10.18 USA PATRIOT Act. Each Lender that is subject to the Act (as hereinafter defined) 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, 

  
 66 

 
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. The Borrower shall, and any proposed Borrower hereunder, shall, promptly (and in the case of a proposed Borrower, reasonably in advance of becoming a Borrower
hereunder) following a request by the Administrative Agent or any Lender, provide all documentation and other information that the Administrative Agent or such Lender requests in order to comply with its ongoing obligations under applicable
“know your customer”, anti-money laundering and Office of Foreign Assets Control rules and regulations, including the Patriot Act. 
 [Signature Pages Follow] 

  
 67 

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

			
	PRECISION CASTPARTS CORP.
		
	By:	 	 /s/ STEVE BLACKMORE

	Name:	 	Steve Blackmore
	Title:	 	V.P. & Treasurer

  
 Precision
Castparts Corp. 
 Credit Agreement (2012) 
 Signature Page 

			
	BANK OF AMERICA, N.A., as Administrative Agent
		
	By:	 	 /s/ KENNETH BECK

	Name:	 	Kenneth Beck
	Title:	 	Director

  
 Precision
Castparts Corp. 
 Credit Agreement (2012) 
 Signature Page 

			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 KENNETH BECK

	Name:	 	Kenneth Beck
	Title:	 	Director

  
 Precision
Castparts Corp. 
 Credit Agreement (2012) 
 Signature Page 

 
			
	CITIBANK, N.A., as a Lender
		
	By:	 	 /s/ SUSAN OLSEN

	Name: Susan Olsen
	Title: Vice President

  
 Precision
Castparts Corp. 
 Credit Agreement (2012) 
 Signature Page 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 /s/ SUSAN T. GALLAGHER

	Name: Susan T. Gallagher
	Title: Director

  
 Precision
Castparts Corp. 
 Credit Agreement (2012) 
 Signature Page 

 
			
	MIZUHO CORPORATE BANK, LTD., as a Lender
		
	By:	 	 /s/ DONNA DEMAGISTRIS

	Name: Donna DeMagistris
	Title: Authorized Signatory

  
 Precision
Castparts Corp. 
 Credit Agreement (2012) 
 Signature Page 

 
			
	U.S. BANK NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 /s/ JOYCE P. DORSETT

	Name: Joyce P. Dorsett
	Title: Vice President

  
 Precision
Castparts Corp. 
 Credit Agreement (2012) 
 Signature Page 

 
			
	PNC BANK, NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 /s/ M. COLIN WARMAN

	Name: M. Colin Warman
	Title: Vice President

  
 Precision
Castparts Corp. 
 Credit Agreement (2012) 
 Signature Page 

 
			
	THE BANK OF TOKYO MITSUBISHI UFJ, LTD., as a Lender
		
	By:	 	 /s/ CHRISTINE HOWATT

	Name: Christine Howatt
	Title: Authorized Signatory

  
 Precision
Castparts Corp. 
 Credit Agreement (2012) 
 Signature Page 

 
			
	JPMORGAN CHASE BANK, N.A., as a Lender
		
	By:	 	 /s/ MATTHEW W. MASSIE

	Name: Matthew H. Massie
	Title: Managing Director

  
 Precision
Castparts Corp. 
 Credit Agreement (2012) 
 Signature Page 

 
			
	THE BANK OF NEW YORK MELLON, as a Lender
		
	By:	 	 /s/ ROBERT BESSER

	Name: Robert Besser
	Title: Managing Director

  
 Precision
Castparts Corp. 
 Credit Agreement (2012) 
 Signature Page 

			
	BANK OF CHINA, NEW YORK BRANCH, as a Lender
		
	By:	 	 /s/ HAIFENG XU

	Name:	 	Haifeng Xu
	Title:	 	Executive Vice President

  
 Precision
Castparts Corp. 
 Credit Agreement (2012) 
 Signature Page 

			
	BARCLAYS BANK PLC, as a Lender
		
	By:	 	 /s/ MARK THOMPSON

	Name:	 	Mark Thompson
	Title:	 	Authorized Signatory

  
 Precision
Castparts Corp. 
 Credit Agreement (2012) 
 Signature Page 

			
	THE BANK OF NOVA SCOTIA, as a Lender
		
	By:	 	 /s/ CHRISTOPHER USAS

	Name:	 	Christopher Usas
	 Title:
	 	Director

  
 Precision
Castparts Corp. 
 Credit Agreement (2012) 
 Signature Page 

 SCHEDULE 2.01 
 COMMITMENTS 
 AND APPLICABLE PERCENTAGES 

 

									
	 Lender
	  	Commitment	 	  	Applicable
Percentage	 
	 Bank of America, N.A.
	  	$	120,000,000	  	  	 	12.000000000	% 
	 Citibank, N.A.
	  	$	120,000,000	  	  	 	12.000000000	% 
	 Wells Fargo Bank, National Association
	  	$	120,000,000	  	  	 	12.000000000	% 
	 Mizuho Corporate Bank, Ltd.
	  	$	100,000,000	  	  	 	10.000000000	% 
	 U.S. Bank National Association
	  	$	100,000,000	  	  	 	10.000000000	% 
	 PNC Bank, National Association
	  	$	100,000,000	  	  	 	10.000000000	% 
	 The Bank of Tokyo Mitsubishi UFJ, Ltd.
	  	$	100,000,000	  	  	 	10.000000000	% 
	 JPMorgan Chase Bank, N.A.
	  	$	67,500,000	  	  	 	6.750000000	% 
	 Barclays Bank Plc
	  	$	67,500,000	  	  	 	6.750000000	% 
	 The Bank of New York Mellon
	  	$	55,000,000	  	  	 	5.5000000000	% 
	 The Bank of Nova Scotia
	  	$	30,000,000	  	  	 	3.000000000	% 
	 Bank of China, New York Branch
	  	$	20,000,000	  	  	 	2.000000000	% 
	 Total
	  	$	1,000,000,000	  	  	 	100.000000000	% 

  
 1 

 SCHEDULE 10.02 

ADMINISTRATIVE AGENT’S OFFICE; 
 CERTAIN ADDRESSES FOR NOTICES 
 BORROWER: 

Precision Castparts Corp. 
 4650 S.W. Macadam
Avenue, Suite 300 
 Portland, OR 97239 

Attention: Treasurer 
 Telephone:
(503) 946-4800 
 Telecopier: (503) 946-4814 
 Electronic Mail: sblackmore@precastcorp.com  
 Website Address: www.precast.com 

 U.S. Taxpayer Identification Number: 93-0460598 
 ADMINISTRATIVE AGENT:  
 Administrative Agent’s Office 

 (for payments and Requests for Credit Extensions):  
 Bank of America, N.A. 
 One Independence Center 

101 N Tryon St. 
 Charlotte, NC 28255-0001

 Attention: Monique M. Haley 

Telephone: (980) 388-1043 
 Telecopier:
(704) 719-8510 
 Electronic Mail: Monique.haley@baml.com  
 Account No.: 1366212250600 
 Ref: Precision Castparts 

ABA# 026009593 
 Other Notices as
Administrative Agent:  
 Bank of America, N.A. 
 Agency Management 
 1455 Market St. 
 Mail Code: CA5-701-05-19 
 San Francisco, CA 94103-1399 

Attention: Robert J. Rittelmeyer 
 Telephone:
(415) 436-2616 
 Telecopier: (415) 503-5099 
 Electronic Mail: robert.j.rittelmeyer@baml.com 

  
 2Amended and Restated Asset Purchase Agreement

 Exhibit 10.1 
 EXECUTION VERSION 
  
  

 
 AMENDED AND RESTATED

 ASSET PURCHASE AGREEMENT 
 by and between 
 FIRST PLACE FINANCIAL CORP., 

a Delaware corporation, 
 and 
 TALMER BANCORP, INC., 

a Michigan corporation 
 Dated as of December 14, 2012 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 ARTICLE 1
	  	INTERPRETATION	  	 	1	  
	 1.1
	  	Definitions	  	 	1	  
	 1.2
	  	Currency	  	 	11	  
	 1.3
	  	Governing Law	  	 	11	  
	 1.4
	  	Schedules and Exhibits	  	 	11	  
			
	 ARTICLE 2
	  	PURCHASE OF SHARES AND OTHER ASSETS; EQUITY CONTRIBUTION	  	 	12	  
	 2.1
	  	Purchase and Sale of the Shares and other Assets	  	 	12	  
	 2.2
	  	Consideration	  	 	12	  
	 2.3
	  	Assumption and Satisfaction of Assumed Securities	  	 	12	  
	 2.4
	  	Payments	  	 	13	  
			
	 ARTICLE 3
	  	REPRESENTATIONS AND WARRANTIES OF THE COMPANY	  	 	13	  
	 3.1
	  	Corporate Status and Authority; Non-Contravention	  	 	13	  
	 3.2
	  	Capitalization of the Bank	  	 	14	  
	 3.3
	  	Business Operations	  	 	15	  
	 3.4
	  	Regulatory Reports	  	 	17	  
	 3.5
	  	Deposits	  	 	17	  
	 3.6
	  	Financial Matters	  	 	18	  
	 3.7
	  	Tax Matters	  	 	19	  
	 3.8
	  	Litigation and Claims	  	 	21	  
	 3.9
	  	Employee Matters	  	 	21	  
	 3.10
	  	Properties and Leases	  	 	23	  
	 3.11
	  	Absence of Certain Changes	  	 	24	  
	 3.12
	  	Commitments and Contracts	  	 	24	  
	 3.13
	  	Risk Management Instruments	  	 	25	  
	 3.14
	  	Environmental Matters	  	 	26	  
	 3.15
	  	Insurance	  	 	27	  
	 3.16
	  	Intellectual Property	  	 	27	  
	 3.17
	  	Related Party Transactions	  	 	28	  
	 3.18
	  	Community Reinvestment Act	  	 	28	  
	 3.19
	  	Anti-money Laundering	  	 	28	  
	 3.20
	  	Customer Information Security	  	 	28	  
	 3.21
	  	Loan Portfolio	  	 	29	  
	 3.22
	  	Qualification as Mortgage Lender, Originator and Servicer	  	 	30	  
	 3.23
	  	Servicing	  	 	31	  
	 3.24
	  	Brokers or Finders	  	 	31	  
	 3.25
	  	Disclaimer of Other Representations and Warranties	  	 	31	  
			
	 ARTICLE 4
	  	REPRESENTATIONS AND WARRANTIES OF THE PURCHASER	  	 	32	  
	 4.1
	  	Corporate Status and Authority; Non-contravention	  	 	32	  
	 4.2
	  	Governmental Authorizations	  	 	32	  
	 4.3
	  	Investment Intent	  	 	32	  
	 4.4
	  	Sufficient Funds	  	 	33	  
	 4.5
	  	Non-reliance	  	 	33	  
	 4.6
	  	Litigation and Claims	  	 	33	  

  
 i 

							
	 ARTICLE 5
	  	PRE-CLOSING MATTERS AND OTHER COVENANTS	  	 	33	  
	 5.1
	  	Operations until Closing	  	 	33	  
	 5.2
	  	Confidentiality	  	 	37	  
	 5.3
	  	Return of Information	  	 	38	  
	 5.4
	  	Consents and Approvals	  	 	38	  
	 5.5
	  	Indemnification; D&O Insurance	  	 	40	  
	 5.6
	  	Certain Company Contracts	  	 	40	  
	 5.7
	  	Notice of Certain Events	  	 	40	  
	 5.8
	  	Payment of the Broker’s Fees	  	 	41	  
	 5.9
	  	Stalking-Horse Bidder Fee	  	 	41	  
	 5.10
	  	Debtor in Possession	  	 	42	  
	 5.11
	  	The Sale Motion	  	 	42	  
	 5.12
	  	The Bidding Procedures	  	 	43	  
	 5.13
	  	Bankruptcy Efforts	  	 	47	  
	 5.14
	  	Reasonable Access to Records and Certain Personnel	  	 	47	  
	 5.15
	  	Public Announcements	  	 	48	  
	 5.16
	  	Tax Refunds	  	 	48	  
	 5.17
	  	Tax Elections	  	 	48	  
	 5.18
	  	Preparation and Filing of Tax Returns; Taxes	  	 	48	  
	 5.19
	  	Tax Cooperation	  	 	49	  
	 5.20
	  	Tax Proceedings	  	 	49	  
	 5.21
	  	Transfer Taxes	  	 	49	  
	 5.22
	  	Resignations	  	 	50	  
	 5.23
	  	Deferred Compensation Plan	  	 	50	  
	 5.24
	  	Bankruptcy Filings	  	 	50	  
	 5.25
	  	Transfer of Business-Related Assets and Contracts	  	 	50	  
	 5.26
	  	Plan	  	 	51	  
	 5.27
	  	Appeal	  	 	51	  
	 5.28
	  	Employees	  	 	51	  
	 5.29
	  	Certain Benefit Arrangements»	  	 	51	  
			
	 ARTICLE 6
	  	CONDITIONS OF CLOSING	  	 	52	  
	 6.1
	  	Conditions to the Purchaser’s Obligations	  	 	52	  
	 6.2
	  	Conditions to the Company’s Obligations	  	 	53	  
	 6.3
	  	Mutual Condition	  	 	54	  
	 6.4
	  	Termination	  	 	54	  
			
	 ARTICLE 7
	  	CLOSING TRANSACTIONS	  	 	55	  
	 7.1
	  	Time and Place	  	 	55	  
	 7.2
	  	Company’s Closing Deliverables	  	 	55	  
	 7.3
	  	Purchaser’s Closing Deliverables	  	 	56	  
	 7.4
	  	Concurrent Delivery	  	 	56	  
	 7.5
	  	Transfer of Shares	  	 	57	  
			
	 ARTICLE 8
	  	SURVIVAL OF REPRESENTATIONS AND COVENANTS	  	 	57	  
	 8.1
	  	Survival	  	 	57	  
			
	 ARTICLE 9
	  	MISCELLANEOUS	  	 	57	  
	 9.1
	  	Legal and Other Fees and Expenses	  	 	57	  
	 9.2
	  	Notices	  	 	57	  
	 9.3
	  	Further Assurances	  	 	58	  
	 9.4
	  	Time of the Essence	  	 	58	  
	 9.5
	  	Entire Agreement	  	 	58	  

  
 ii 

							
	 9.6
	  	Assignment	  	 	58	  
	 9.7
	  	Invalidity	  	 	59	  
	 9.8
	  	Waiver and Amendment	  	 	59	  
	 9.9
	  	Third-Party Beneficiaries	  	 	59	  
	 9.10
	  	Surviving Provisions on Termination	  	 	59	  
	 9.11
	  	Captions	  	 	59	  
	 9.12
	  	Counterparts	  	 	59	  

 SCHEDULES AND EXHIBITS 
  

			
	 Schedule I to the Original Agreement
	  	Disclosure Schedule
		
	 Schedule 2.1
	  	Acquired Company Assets
		
	 Schedule 4.2 to the Original Agreement
	  	Purchaser Required Approvals
		
	 Schedule 5.5(a) to the Original Agreement
	  	Indemnification Agreement
		
	 Schedule 5.6 to the Original Agreement
	  	Assumed Bank Related Contracts
		
	 Schedule 5.8 to the Original Agreement
	  	Broker’s Fees
		
	 Schedule 5.22 to the Original Agreement
	  	Continuing Board Members
		
	 Schedule 6.1(h) to the Original Agreement
	  	Consents
		
	 Exhibit A
	  	Bidding Procedures Order

  
 iii

 AMENDED AND RESTATED ASSET PURCHASE AGREEMENT 

THIS AMENDED AND RESTATED ASSET PURCHASE AGREEMENT (this “Agreement”) is made as of December 14, 2012, by
and between First Place Financial Corp., a Delaware corporation (the “Company”), and Talmer Bancorp, Inc., a Michigan corporation (the “Purchaser”). 

RECITALS 

A. The Company owns all of the issued and outstanding shares of Common Stock of First Place Bank, a federal savings association (the
“Bank”). 
 B. The Company wishes to sell, and the Purchaser wishes to purchase, all of the shares of Common
Stock of the Bank issued and outstanding as of the Closing Date (as hereinafter defined) (the “Shares”), free and clear of all Encumbrances (as hereinafter defined), and certain other assets of the Company, all on the terms and
conditions set forth in this Agreement. 
 C. The Company filed a voluntary bankruptcy petition (the “Bankruptcy
Case”) under Chapter 11 of Title 11 of the United States Code, 11 U.S.C. §§ 101, et seq. (the “Bankruptcy Code”), in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy
Court”) promptly following the Original Agreement Date (as defined below) (the date of such filing, the “Petition Date”). 
 D. The parties intend for the sale and purchase of the Shares and the Other Purchased Assets (the “Sale”), including the assumption and assignment of the Assumed Bank Related Contracts
(if any), to be effectuated pursuant to an order of the Bankruptcy Court under Sections 105, 363 and 365 of the Bankruptcy Code approving such transactions with Purchaser or a bidder that makes a higher or otherwise better bid. 

E. The parties entered into an Asset Purchase Agreement (the “Original Agreement”) on October 26, 2012 (the
“Original Agreement Date”). 
 F. The parties wish to amend and restate the Original Agreement as set forth
herein. 
 In consideration of the covenants, agreements, representations and warranties set forth below, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, covenant and agree as follows: 
 ARTICLE 1 
 INTERPRETATION 

1.1 Definitions. In this Agreement, unless the context otherwise requires or unless otherwise specifically provided herein:

 (a) “Adequate Assurance Information” is defined in Section 5.12(c)(ix). 

(b) “Affiliate” means, with respect to any Person, any other Person controlling, controlled by or under common control with,
such Person, with “control” for such purpose meaning the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities or
voting interests, by contract or otherwise. 

 (c) “Agreement” is defined in the introductory paragraph. 

(d) “Alternative Bids” is defined in Section 5.12(k). 

(e) “Alternative Transaction” means any one of the following transactions with or by a Third Party: (a) a merger,
consolidation or similar transaction involving the Company or the Bank, or (b) a sale, lease or other disposition directly or indirectly by merger, consolidation, tender offer, share exchange or otherwise of assets of Company or the Bank
constituting a majority of the consolidated assets of Company or the Bank. 
 (f) “Assumed Bank Related Contracts” is
defined in Section 5.6. 
 (g) “Assumed Contract Liabilities” is defined in Section 7.2(f).

 (h) “Assumed Securities” is defined in Section 2.2. 

(i) “Auction” is defined in Section 5.12(g). 

(j) “Bank” is defined in the recitals. 
 (k) “Bank Related Contracts” is defined in Section 2.1. 

(l) “Bank Significant Agreement” is defined in Section 3.12(a). 

(m) “Bank Tax Refund” means that certain refund of Tax in the amount that the Company is currently seeking from the IRS.

 (a) “Bankruptcy Case” is defined in the recitals. 

(b) “Bankruptcy Code” is defined in the recitals. 
 (c) “Bankruptcy Court” is defined in the recitals. 
 (d)
“Bankruptcy Rules” is defined in Section 5.12(f). 
 (e) “Benefit Arrangement” means any
“employee benefit plan” as defined in Section 3(3) of ERISA (whether or not subject to ERISA) and any other material plan, program, agreement, arrangement, obligation or practice, including, without limitation, any pension, profit
sharing, severance, welfare, fringe benefit, employee loan, retirement, medical, welfare, employment or consulting, severance, stay or retention bonuses or compensation, executive or incentive compensation, sick leave, vacation pay, plant closing
benefits, disability, workers’ compensation, retirement, deferred compensation, bonus, stock option, or purchase or other stock-related, equity incentive or synthetic equity, tuition reimbursement or scholarship, employee discount, meals,
travel, or vehicle allowances, plan, program, agreement, arrangement, obligation or practice, any plans subject to Section 125 of the Code, as amended, and any plans or arrangements providing benefits or payments in the event of a change of
control, change in ownership or effective control or sale of assets (i) established, sponsored, maintained, or contributed to, or required to be contributed to, by the Bank or any ERISA Affiliate, on behalf of any current or former director,
employee, agent, independent contractor, or service provider of the Bank or its Subsidiaries, or their beneficiaries, or (ii) pursuant to which the Bank or any ERISA Affiliate has any Liability or other obligation (whether contingent or
otherwise). 

  
 2 

 (f) “BHCA” means the Bank Holding Company Act of 1956, as amended. 

(g) “Bid Deadline” is defined in Section 5.12(c). 

(h) “Bidding Procedures” is defined in Section 5.9(b). 

(i) “Bidding Procedures Order” means the bidding procedures order, approving, among other things, the process by which bids may
be solicited in connection with the sale of the Shares and the Other Purchased Assets, in the form attached hereto as Exhibit A with such changes as are acceptable to Purchaser and the Company. 

(j) “Books and Records” means all files, ledgers and correspondence, all manuals, reports, texts, notes, memoranda, invoices,
receipts, accounts, accounting records and books, financial statements and financial working papers and all other records and documents of any nature or kind whatsoever, including, without limitation, those recorded, stored, maintained, operated,
held or otherwise wholly or partly dependent on discs, tapes and other means of storage, including, without limitation, any electronic, magnetic, mechanical, photographic or optical process, whether computerized or not, and all software, passwords
and other information and means of or for access thereto, belonging to the Bank or its Subsidiaries or relating to the Business. 
 (k) “Broker” means Keefe, Bruyette & Woods, Inc. 
 (l)
“Broker’s Fees” means the actual fees and expenses payable by the Company and/or the Bank to the Broker (including any obligations of the Company or the Bank to indemnify the Broker) in connection with the Closing in an aggregate
amount equal to the amount set forth in Section 3.24 of the Disclosure Schedule. 
 (m) “Burdensome
Condition” means any restraint, limitation, term, requirement, provision or condition that would (i) reasonably be expected to impair in any material respect the benefits to the Purchaser or any of its Affiliates of the Contemplated
Transactions; (ii) require any Person other than the Purchaser to become a bank holding company under the BHCA; (iii) require any Person other than the Purchaser to guaranty, support or maintain the capital of the Bank; (iv) require
modification of, or impose any limitation or restriction on, the activities, governance, legal structure, compensation, or fee arrangements of the Purchaser or any of its Affiliates (or its partners, members or equity holders); or (v) cause any
Person other than the Purchaser to be deemed to control the Bank; provided, however, that the following shall not be deemed to be a “Burdensome Condition”: (x) those restraints, limitations, terms, requirements, provisions or
conditions specifically applicable to the Bank or its Subsidiaries by reason of their condition as of the date hereof and specifically disclosed to the Purchaser in Section 3.3(b)(ii) of the Disclosure Schedule and (y) any
restraint, limitation, term, requirement, provision or condition that applies generally to bank holding companies and banks as provided by statute, regulation, or written and publicly available supervisory guidance of general applicability, in each
case, as in effect on the date hereof. 
 (n) “Business” means the business currently carried on by the Bank and its
Subsidiaries. 
 (o) “Business Day” means any day other than a Saturday, Sunday or any federal holiday in the United
States. 

  
 3 

 (p) “Call Reports” means the Bank’s Consolidated Reports of Condition and
Income (FFIEC Form 041) or any successor form of the Federal Financial Institutions Examination Council. 
 (q) “Cash
Purchase Price” is defined in Section 2.2. 
 (r) “Charter Documents” means articles or certificate
of incorporation, bylaws and any other constituted document of a corporate entity. 
 (s) “Closing” means the
completion of the sale and purchase of the Shares and the Other Purchased Assets in accordance with Article 7. 
 (t)
“Closing Date” means five (5) Business Days following the satisfaction or waiver, as applicable, of the conditions set forth in Article 6 and the Sale Order (other than those conditions that by their nature are to be satisfied at the
Closing, but subject to fulfillment or waiver of those conditions), or such other date as may be agreed upon in writing by the Company and the Purchaser or by their respective counsel. 

(u) “Code” shall mean the Internal Revenue Code of 1986, as amended. 

(v) “Committee” means the official committee of the holders of the Assumed Securities appointed by notice dated
November 9, 2012. 
 (w) “Common Stock” is defined in Section 3.2(a). 

(x) “Company” is defined in the introductory paragraph. 

(y) “Company’s Reports” is defined in Section 3.4(a). 

(z) “Company Tax Returns” is defined in Section 5.18. 

(aa) “Competing Purchase Agreement” is defined in Section 5.12(c)(i). 

(bb) “Conformity Election” is defined in Section 5.17(c). 

(cc) “Consent” means any approval, consent, ratification, waiver or other authorization. 

(dd) “Contemplated Transactions” means all of the transactions between the Company, the Bank and the Purchaser contemplated by
this Agreement. 
 (ee) “Continuing Board Members” is defined in Section 5.22. 

(ff) “Contracts” means all contracts, agreements, instruments, leases, indentures and commitments, whether written or oral,
relating to the Business to which the Company, the Bank or any other Subsidiary is a party, including, without limitation, non-competition, non-solicitation and confidentiality agreements. 

(gg) “Contract Designation Date” is defined in Section 5.6. 

(hh) “CRA” is defined in Section 3.18. 
 (ii) “Criticized Assets” is defined in Section 3.21(a). 

  
 4 

 (jj) “Cure Cost Ceiling” shall mean $500,000. 

(kk) “Deferred Compensation Plan” is defined in Section 5.1(b)(xxi). 

(ll) “Disclosure Schedule” means the disclosure schedule delivered by the Company to the Purchaser concurrently with execution
and delivery of the Original Agreement. 
 (mm) “Encumbrance,” with respect to any asset, means, whether or not
registered or registrable or recorded or recordable, and regardless of how created or arising: 
 i. a lien, encumbrance,
adverse claim, charge, execution, security interest, pledge against such asset, or a subordination to any right or claim of others in respect thereof; 
 ii. a claim or interest against such asset; 
 iii. an option or other right to
acquire, or to acquire any interest in such asset; 
 iv. an interest of a vendor or lessor under any conditional sale
agreement, capital lease or other title retention agreement relating to such asset; and 
 v. any other encumbrance of
whatsoever nature and kind against such asset. 
 (nn) “Environmental Claim” means any claim, action, cause of action,
suit, proceeding, investigation, order, demand or notice by any Person alleging actual or potential liability (including, without limitation, for investigatory costs, cleanup costs, governmental response costs, natural resources damages, property
damages, personal injuries, attorneys’ fees or penalties) arising out of, based on, resulting from or relating to (i) the presence, or release into the environment, of, or exposure to, any Materials of Environmental Concern, or
(ii) circumstances forming the basis of any violation, or alleged violation, of any Environmental Law. 
 (oo)
“Environmental Laws” means all Legal Requirements relating to pollution or protection of human health or the environment (including, without limitation, ambient air, surface water, ground water, land surface or subsurface strata, and
natural resources), including, without limitation, Legal Requirements relating to (i) emissions, discharges, releases or threatened releases of, or exposure to, Materials of Environmental Concern, (ii) the manufacture, processing,
distribution, use, treatment, generation, storage, containment (whether above ground or underground), disposal, transport or handling of Materials of Environmental Concern, (iii) recordkeeping, notification, disclosure and reporting
requirements regarding Materials of Environmental Concern, (iv) endangered or threatened species of fish, wildlife and plant and the management or use of natural resources, (v) the preservation of the environment or mitigation of adverse
effects on or to human health or the environment, or (vi) emissions or control of greenhouse gases. 
 (pp) “Equity
Contribution” means the equity contribution, to be made concurrently with the Closing, by the Purchaser to the Bank in an amount necessary to obtain the Purchaser Required Approvals, which equity contribution is not expected to exceed Two
Hundred Five Million Dollars ($205,000,000) in cash. For the avoidance of doubt, the Bank shall not issue any new shares of Common Stock to the Purchaser in connection with the Equity Contribution. 

(qq) “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended. 

  
 5 

 (rr) “ERISA Affiliate” shall mean any entity required to be aggregated in a
controlled group or affiliated service group with the Bank for purposes of ERISA or the Code (including under Section 414(b), (c), (m) or (o) of the Code or Section 4001 of ERISA), at any relevant time. 

(ss) “FDIC” means the Federal Deposit Insurance Corporation, or any successor thereto. 

(tt) “Federal Reserve Board” means the Board of Governors of the Federal Reserve System, or any successor thereto. 

(uu) “GAAP” shall mean generally accepted accounting principles as in effect in the United States. 

(vv) “Governmental Authority” means any federal, state, municipal, county or regional government or governmental or regulatory
authority, domestic or foreign, and includes any department, commission, bureau, board, administrative agency or regulatory body of any of the foregoing or any non-governmental regulatory body that provides standards for certification. 

(ww) “Governmental Authorization” means any Consent, approval, license, registration, permit or waiver issued, granted, given
or otherwise made available by or under the authority of any Governmental Authority or pursuant to any Legal Requirement. 

(xx) “Indemnified Parties” is defined in Section 5.5(a). 

(yy) “Initial Minimum Bid Increment” is defined in Section 5.12(c)(i). 

(zz) “Initial Minimum Overbid” is defined in Section 5.12(c)(i). 

(aaa) “Initial Overbid” is defined in Section 5.12(d)(i). 

(bbb) “June 30 Balance Sheet” is defined in Section 3.6(a). 

(ccc) “Knowledge” of the Company, or words of similar import, including without limitation, the Company being aware of a fact
or circumstance, means the actual knowledge as of the Original Agreement Date, after reasonable inquiry, of Albert P. Blank, Craig Carr, Louis J. Dunham, David W. Gifford and Rob Kowalski. 

(ddd) “Leased Properties” is defined in Section 3.10. 

(eee) “Legal Requirement” means any federal, state, local, municipal, foreign, international, multinational or other
constitution, law, ordinance, principle of common law, code, regulation, statute or treaty. 
 (fff) “Liability”
means, with respect to any Person, any liability or obligation of such Person of any kind, character or description, whether known or unknown, absolute or contingent, whether or not accrued, disputed or undisputed, liquidated or unliquidated,
secured or unsecured, joint or several, due or to become due, vested or unvested, executory, determined, determinable or otherwise. 
 (ggg) “Loans” is defined in Section 3.21. 

  
 6 

 (hhh) “Material Adverse Effect” means (a) any fact, effect, event, change,
occurrence or circumstance, including as a result of a regulatory exam by a Governmental Authority conducted after the date hereof, that, by itself or together with other facts, effects, events, changes, occurrences or circumstances, has had or
would be reasonably expected to have a material and adverse effect on (1) the business, regulatory status, any Regulatory Agreement, assets, liabilities (including deposit liabilities), profits, condition (financial or otherwise) or results of
operations of the Bank and its Subsidiaries or the Business (as applicable), taken as a whole, or (2) the ability of the Company or the Bank to timely consummate the transactions contemplated by this Agreement; or (b) any other act or
omission which would be reasonably expected to materially impair the ability to operate the Business in the Ordinary Course; provided, however, that none of the following shall be taken into account in determining whether there has been a
“Material Adverse Effect”: (i) changes in GAAP or regulatory accounting requirements, (ii) changes in laws, rules or regulations of general applicability to companies in the U.S. banking industry, (iii) changes in global,
national or regional political conditions or general economic or market conditions (including changes in prevailing interest rates, credit availability and liquidity, currency exchange rates, and price levels or trading volumes in the United States
or foreign securities markets) affecting other companies or banks in the U.S. banking industry, (iv) any outbreak or escalation of hostilities, declared or undeclared acts of war or terrorism, (v) any changes made by the Company or the
Bank in the Business or other actions taken, delayed or omitted to be taken by the Company or the Bank at the written request or with the prior written consent of the Purchaser, and (vi) with respect to the Bank, any pre-Closing restrictions or
conditions imposed on the Bank as a result of the Regulatory Agreements to which the Bank is a party as of the date of the Original Agreement; except, with respect to clauses (i), (ii), and (iii), to the extent that the effects of such change are
materially disproportionately adverse to the business, assets, liabilities (including deposit liabilities), profits, condition (financial or otherwise) or results of operations of the Bank and its Subsidiaries or the Business (as applicable), taken
as a whole, as compared to other similarly situated companies in the U.S. banking industry. 
 (iii) “Material Governmental
Authorization” is defined in Section 3.3(b)(ii). 
 (jjj) “Material Permit” is defined in
Section 3.3(a). 
 (kkk) “Materials of Environmental Concern” means chemicals, pollutants, contaminants,
toxic or hazardous substances, materials or wastes, petroleum and petroleum products, greenhouse gases, asbestos or asbestos-containing materials or products, polychlorinated biphenyls, lead or lead-based paints or materials, radon, fungus, mold,
mycotoxins or other substances having an adverse effect on human health or the environment. 
 (lll) “Mortgage” means
a mortgage, deed of trust, pledge or collateral assignment of property trust beneficiary interest or other instrument creating a lien on or ownership interest in a Mortgaged Property. 

(mmm) “Mortgage Finance Agency” means the Federal Housing Administration, the Farmers Home Administration (now known as Rural
Housing and Community Development Services), the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), the United States Department of Veterans’ Affairs, the Rural Housing Service of the
U.S. Department of Agriculture or any other federal or state agency with authority to (i) determine any investment, origination, lending or servicing requirements with regard to mortgage loans originated, purchased or serviced by the Company,
the Bank or any of their Subsidiaries (ii) originate, purchase, or service mortgage loans, or otherwise promote mortgage lending, including without limitation state and local housing finance authorities. 

(nnn) “Mortgage Loan” shall mean any loan secured by a Mortgage or a participation interest or certificate or other ownership
interest in such a loan that has been sold to a Mortgage Finance Agency. 

  
 7 

 (ooo) “Mortgaged Property” shall mean the underlying property or properties
securing a loan, consisting of a fee simple estate or leasehold estate, or both, in a parcel of land improved by one or more properties, together with any personal property, fixtures, leases and other property or rights pertaining thereto, or
property trust beneficiary interest with respect to the foregoing. 
 (ppp) “Notice of Sale” means a notice of the
sale of the Shares and the Other Purchased Assets and the Sale Hearing. 
 (qqq) “OCC” means the Office of the
Comptroller of the Currency, which includes the OTS as a predecessor to the OCC. 
 (rrr) “Order” means any order,
judgment, decree, decision, ruling, writ, assessment, charge, stipulation, injunction or other determination of any Governmental Authority, or any arbitration award entered into by an arbitrator, in each case having competent jurisdiction to render
such. 
 (sss) “Ordinary Course of Business” or “in the Ordinary Course” means the conduct of the Business
in substantially the same manner as the Business was operated on the Original Agreement Date, including operations in conformance with the Bank’s practices and procedures as of such date and continued cooperation with Governmental Authorities
concerning investigations by or inquiries from Governmental Authorities regarding or relating to the Company, the Bank or their respective directors and employees. 
 (ttt) “Original Agreement” is defined in the recitals. 
 (uuu)
“Original Agreement Date” is defined in the recitals. 
 (vvv) “OTS” means the Office of Thrift Supervision.

 (www) “Other Purchased Assets” is defined in Section 2.1. 

(xxx) “Other Real Estate Owned” is defined in Section 3.21(a). 

(yyy) “Outside Date” is defined in Section 6.4(a). 

(zzz) “Owned Mortgage Loan” shall mean a Mortgage Loan owned by the Company, the Bank or their Subsidiaries. 

(aaaa) “Owned Properties” is defined in Section 3.10. 

(bbbb) “Overbidder” is defined in Section 5.12(b).  

(cccc) “Overbidder’s Deposit” is defined in Section 5.12(c)(ii). 

(dddd) “Permits” means all permits, licenses, registrations, consents, authorizations, approvals, privileges, waivers,
exemptions, orders, certificates, rulings, agreements and other concessions from, of or with Governmental Authorities or other regulatory bodies required to carry on the Business as now being carried on. 

(eeee) “Permitted Liens” means (i) liens for current taxes and assessments not yet delinquent or as to which the Bank is
diligently contesting in good faith and by appropriate proceeding either the amount thereof or the liability therefor or both; (ii) liens of landlords, carriers, mechanics, materialmen and repairmen incurred in the Ordinary Course of Business
for sums not yet past due, or 

  
 8 

 
which are being contested in good faith by appropriate proceedings and for the payment of which adequate reserves in accordance with GAAP and regulatory accounting principles have been
established on the books of the Bank, or the defense of which has been accepted by a title insurer, bonding company, other surety or other Person; (iii) any recorded lien (other than for funded indebtedness) relating to any leased premises;
(iv) zoning restrictions, easements, licenses and other restrictions on the use of real property or any interest therein, or minor irregularities in title thereto, which do not materially impair the use of such property or the merchantability
or the value of such property or interest therein; (v) liens encumbering the interest of the landlord under any real estate lease the existence of which does not result in a default under such real estate leases; (vi) deposits, liens or
pledges to secure payments of worker’s compensation, unemployment insurance, pensions or other social security obligations, or the performance of bids, tenders, leases, contracts (other than contracts for the payment of money), public or
statutory obligations, surety, stay or appeal bonds, or similar obligations arising in the Ordinary Course of Business; (vii) purchase money mortgages or other purchase money or vendor’s liens (including, without limitation, finance
leases), provided that no such lien shall extend to or cover any other property of the Bank other than that so purchased; (viii) liens on assets given to secure deposits and other liabilities of the Bank arising in the Ordinary Course of
Business (including those given to secure borrowings, advances, or discount window availability from any private or governmental banking entity or any clearinghouse); (ix) pledges of securities to secure fed funds borrowings from other banks;
and (x) liens arising out of judgments or awards in respect of which the Bank is in good faith prosecuting an appeal or proceeding for review and in respect of which it has secured a subsisting stay of execution pending such appeal or
proceeding and which are disclosed or reserved against on the Bank’s financial statements. 
 (ffff) “Person”
means an individual, legal personal representative, corporation, limited liability company, partnership, firm, trust, trustee, syndicate, joint venture, unincorporated organization or Governmental Authority. 

(gggg) “Petition Date” is defined in the recitals. 

(hhhh) “Post-Close Filings” is defined in Section 5.14. 

(iiii) “Pre-Closing Tax Period” is defined in Section 5.18. 

(jjjj) “Preferred Stock” is defined in Section 3.2(a). 

(kkkk) “Proceedings” means any actions, claims, demands, lawsuits, assessments, arbitrations, judgments, awards, decrees,
orders, injunctions, prosecutions and investigations, or other proceedings, of, by, against, or relating to, the Company, the Bank, any other Subsidiary, or the Business. 
 (llll) “Properties” is defined in Section 3.10. 
 (mmmm)
“Proprietary Rights” is defined in Section 3.16. 
 (nnnn) “Purchaser” is defined in the
introductory paragraph. 
 (oooo) “Purchase Plans” is defined in Section 5.29. 

(pppp) “Purchase Price” is defined in Section 2.2. 

(qqqq) “Purchaser Required Approvals” is defined in Section 4.2. 

(rrrr) “Qualified Bid” is defined in Section 5.12(d)(ii). 

  
 9 

 (ssss) “Qualified Overbidder” is defined in Section 5.12(d).

 (tttt) “Qualified Plan” is defined in Section 3.9(b)(ii). 

(uuuu) “Real Estate” is defined in Section 3.10. 

(vvvv) “Regulatory Agreement” is defined in Section 3.3(b)(vii). 

(wwww) “Sale” is defined in the recitals. 
 (xxxx) “Sale Hearing” is defined in Section 5.11(b). 

(yyyy) “Sale Motion” is defined in Section 5.11. 

(zzzz) “Sale Order” means the order, approving the sale of the Shares and the Other Purchased Assets to the Purchaser, in a
form and manner acceptable to Purchaser and the Company. 
 (aaaaa) “Serviced Mortgage Loans” is defined in
Section 3.23(a). 
 (bbbbb) “Servicing Contracts” is defined in Section 3.23(a). 

(ccccc) “Shares” is defined in the recitals. 
 (ddddd) “Specified Person” means (i) any Person that has indicated an interest in, or could reasonably be expected to have an interest in, participating in any direct or indirect sale of
any equity interest in, or any material portion of the assets of, the Company or the Bank or any extraordinary corporate transaction directly or indirectly involving the Company or the Bank, (ii) any Affiliate of any such Person and
(iii) any director, officer, employee, agent, representative or advisor of any such Person or any of its Affiliates. 

(eeeee) “Stalking-Horse Bidder Fee” is defined in Section 5.9(a). 

(fffff) “Subsidiary” includes any corporation or other entity of which a majority of the capital stock or other ownership
interests having ordinary voting power to elect a majority of the board of directors or other persons performing similar functions are at the time, directly or indirectly, owned by such party. The term “Subsidiary” shall include all
Subsidiaries of any Subsidiary. 
 (ggggg) “Successful Bidder is defined in Section 5.12(b)(i). 

(hhhhh) “Tax” or “Taxes” means (i) all federal, state, local and foreign taxes, charges, fees, imposts, levies
or other like assessments, including, without limitation, all income, gross receipts, alternative or add-on minimum, capital, sales, use, ad valorem, value added, transfer, franchise, profits, inventory, capital stock, license, withholding, payroll,
employment, social security, unemployment, excise, severance, stamp, occupation, recapture, real and personal property and estimated taxes, customs duties, fees, assessments and charges of any kind whatsoever, together with any interest, penalties,
additions to tax or additional amounts imposed by any taxing authority, (ii) any liability for the payment of any amounts of the type described in clause (i) as a result of being a member of an affiliated, consolidated, combined or unitary
group for any period (including any arrangement for group or consortium tax relief or similar arrangement) and (iii) any liability for the payment of any amounts of the type described in clauses (i) or (ii) as a result of any express
or implied obligation to indemnify any other Person or as a result of any obligation under any agreement or arrangement to make any payment determined by reference to the Tax liability of a third party. 

  
 10 

 (iiiii) “Tax Matter” is defined in Section 5.20. 

(jjjjj) “Tax Refund” means any Tax refunds from any Governmental Authority, including the Bank Tax Refund. 

(kkkkk) “Tax Returns” means all returns, statements, reports, documents, declarations, forms, designations, claims for refund,
and other information and filings (including elections, disclosures, schedules and estimates), and any attachments, addenda or amendments thereto (whether or not a payment is required to be made with respect to any such return or other document)
relating to Taxes. 
 (lllll) “Third Party” means any Person or group other than Purchaser and its Affiliates.

 (mmmmm) “Transfer Tax Returns” is defined in Section 5.21. 

(nnnnn) “Transfer Taxes” is defined in Section 5.21. 

(ooooo) “Trust Preferred Issuers” means the trust preferred securities issued by First Place Capital Trust, First Place Capital
Trust II and First Place Capital Trust III. 
 (ppppp) “Unaudited Financial Statements” means the consolidated
unaudited financial statements of the Bank and its Subsidiaries, consisting of consolidated unaudited statements of financial condition as of June 30, 2012, 2011 and 2010, and consolidated unaudited statements of operations, for the years ended
June 30, 2012, 2011 and 2010. 
 (qqqqq) “USA Patriot Act” is defined in Section 3.19. 

1.2 Currency. Except where otherwise expressly provided, all monetary amounts in this Agreement are stated and shall be paid in
United States currency. 
 1.3 Governing Law. This Agreement and the agreements contemplated hereby shall be construed
and interpreted, and the rights of the parties shall be determined, in accordance with the Bankruptcy Code and the substantive laws of the State of Delaware, in each case without regard to the conflict of laws principles thereof or of any other
jurisdiction. 
 1.4 Schedules and Exhibits. The following are the Schedules and Exhibits which are attached to and form
part of this Agreement: 
  

			
	 Schedule I to the Original Agreement
	  	Disclosure Schedule
		
	 Schedule 2.1
	  	Acquired Company Assets
		
	 Schedule 4.2 to the Original Agreement
	  	Purchaser Required Approvals
		
	 Schedule 5.5(a) to the Original Agreement
	  	Indemnification Agreement
		
	 Schedule 5.6
	  	Assumed Bank Related Contracts
		
	 Schedule 5.8 to the Original Agreement
	  	Broker’s Fees
		
	 Schedule 5.22 to the Original Agreement
	  	Continuing Board Members
		
	 Schedule 6.1(h) to the Original Agreement
	  	Consents
		
	 Exhibit A
	  	Bidding Procedures Order

  
 11 

 ARTICLE 2 
 PURCHASE OF SHARES AND OTHER ASSETS; EQUITY CONTRIBUTION 
 2.1
Purchase and Sale of the Shares and other Assets. Subject to the terms and conditions set forth in this Agreement, and subject to the entry of a Sale Order and for the Purchase Price to be paid as designated in the Sale Order, the Company
agrees to (a) sell, assign and transfer to the Purchaser, free and clear of all Encumbrances, and the Purchaser agrees to purchase from the Company, on the Closing Date, effective as of and from the Closing, all of the Shares and (b) sell,
assign and transfer to the Bank, free and clear of all Encumbrances, (i) all of the Contracts of the Company that relate to the Business set forth in Section 2.1 of the Disclosure Schedule or that are identified in
Section 3.12 of the Disclosure Schedule and that are specifically noted as Contracts of the Company that relate to the Business (collectively, the “Bank Related Contracts”) that Purchaser has identified on Schedule
5.6 as Assumed Bank Related Contracts; (ii) any right, title and interest of the Company to any proceeds received or to be received after June 30, 2012 related to any Assumed Bank Related Contract, including any such proceeds from any
insurance claims to the extent (but, in the case of insurance claims, only to the extent) solely related to the Bank or its Subsidiaries or the Business; (iii) all of the trademarks and service marks registered to the Company set forth in
Section 3.16 of the Disclosure Schedule; and (iv) those assets of the Company set forth on Schedule 2.1 attached hereto (the assets identified in clauses (i), (ii), (iii) and (iv) collectively, the “Other
Purchased Assets”). 
 2.2 Consideration. The amount payable pursuant to the Sale Order for the Shares and the
Other Purchased Assets will be: (i) the assumption of the obligations of the Company pursuant to subordinated notes issued to the Trust Preferred Issuers (the “Assumed Securities”) with a remaining face amount of Sixty Million
Dollars ($60,000,000) followed by a satisfaction and retirement of a portion of the Assumed Securities having a face amount of Forty-Five Million Dollars ($45,000,000) (the “Cash Purchase Price”); or, (ii) in the event that
Purchaser, after undertaking commercially reasonable efforts to obtain all required regulatory approvals, waivers or non-objections, is not permitted to undertake the indebtedness that would remain outstanding after the payment of the Cash Purchase
Price, or such approval, waiver, or non-objection results in a Burdensome Condition being imposed upon Purchaser or its current bank subsidiary, the assumption of obligations of the Company pursuant to Assumed Securities having a face amount of
Fifty-Five Million Dollars ($55,000,000) followed by an increase in the Cash Purchase Price to Fifty-Five Million Dollars ($55,000,000) and a satisfaction and retirement of all of such Assumed Securities (the applicable Cash Purchase Price and
Assumed Securities that remain outstanding following the consummation of the transaction and the action contemplated in Section 2.3, if applicable, shall be referred to as the “Purchase Price”), which shall, subject to
the terms and conditions hereof, be payable by the Purchaser pursuant to the Sale Order at Closing (subject to Section 5.8 (Payment of Broker’s Fees)). Concurrently with the Closing, the Purchaser shall make the Equity Contribution.

 2.3 Assumption and Satisfaction of Assumed Securities. At Closing, and in accordance with the requirements of the Sale
Order, the Purchaser shall assume the Assumed Securities as follows: (i) in the event the Purchaser pays the Purchase Price as set forth in Section 2.2(i), the Purchaser shall assume Sixty Million Dollars ($60,000,000) of the
Assumed Securities, Forty-Five Million Dollars ($45,000,000) 

  
 12 

 
of which shall be immediately satisfied and retired with the Cash Purchase Price; or (ii) in the event the Purchaser pays the Purchase Price as set forth in Section 2.2(ii), the
Purchaser shall assume Fifty-Five Million Dollars ($55,000,000) of the Assumed Securities, all of which shall be immediately satisfied and retired with the Cash Purchase Price. The Assumed Securities shall be assumed, and retired, pro rata across
the various Trust Preferred Issuer issuances. Other than as set forth in this Section 2.3 above, the Purchaser shall have no further obligations to the holders of the preferred securities issued by the Trust Preferred Issuers or any
other party for obligations arising out of the preferred securities. 
 2.4 Payments. On the Closing Date, the Purchaser
shall: (a) pay the Purchase Price for the Shares and the Other Purchased Assets (subject to Section 5.8 (Payment of Broker’s Fees)), including the Cash Purchase Price by wire transfer pursuant to the Sale Order and to an account
designated by the holders of the Assumed Securities in writing at least two (2) Business Days prior to the Closing Date; (b) pay the amount in excess of the Cure Cost Ceiling to the Company that is necessary in order to cure, assume, and
assign all Bank Related Contracts designated by Purchaser; and (c) fund the Equity Contribution to an account of the Bank designated by the Company. 
 ARTICLE 3 
 REPRESENTATIONS AND WARRANTIES OF THE COMPANY

 Subject to such exceptions as are disclosed in the Disclosure Schedule dated as of the Original Agreement Date and
attached to the Original Agreement, the Company hereby makes the following representations and warranties to the Purchaser as of the Original Agreement Date and as of the Closing Date; provided that those representations and warranties which address
matters only as of a particular earlier date shall have been true and correct only on such date. The inclusion of an item in the Disclosure Schedule shall not be deemed an admission by the Company or the Bank that such item represents a material
fact, event, or circumstance or has had or would be reasonably expected to have a Material Adverse Effect. Disclosure in any section of the Disclosure Schedule shall apply only to such section of such Disclosure Schedule, except to the extent
that it is reasonably apparent from the face of such disclosure that such disclosure is relevant to another section of such Disclosure Schedule. 
 3.1 Corporate Status and Authority; Non-Contravention. 
 (a) Status of
the Company. The Company is duly organized, validly existing and in good standing under the laws of the State of Delaware and otherwise has the corporate power and authority to own or lease all of its properties and assets and to conduct its
business in the manner in which its business is now being conducted. The Company is duly registered as a savings and loan holding company. The Company is duly qualified to do business and is in good standing in each jurisdiction in which its
ownership of properties or conduct of business requires such qualification except where failure to be so qualified has not had and would not reasonably be expected to have a Material Adverse Effect. 

(b) Status of Bank. The Bank is a federal savings association and direct, wholly-owned Subsidiary of the Company, is duly
organized, validly existing and in good standing under the laws of the United States of America, is authorized under the laws of the United States of America to engage in the Business and otherwise has the corporate power and authority to own or
lease all of its properties and assets and to conduct the Business in the manner in which the Business is now being conducted. The Bank is duly qualified to do business and is in good standing in each jurisdiction in which its ownership of
properties or conduct of business requires such qualification except where failure to be so qualified has not had and would not reasonably be expected to have a Material Adverse Effect. The Bank is duly authorized by the OCC to conduct business as a
federal savings association. The deposit accounts of the Bank are insured to the fullest extent permitted by law by the Deposit Insurance Fund 

  
 13 

 
(including through the Transaction Deposit Insurance Guaranty Program), which is administered by the FDIC. The FDIC has not been appointed receiver of the Bank. Complete and correct copies of the
Charter Documents of the Bank, as currently in effect, have prior to the date hereof been delivered to the Purchaser. 
 (c)
Due Authorization. (i) The Company has full legal right, corporate power and authority to enter into this Agreement and, subject to the Sale Order, to carry out its obligations hereunder and thereunder; and (ii) the execution and
delivery of this Agreement and all documents, instruments and agreements required to be executed and delivered by the Company pursuant to this Agreement and, subject to the Sale Order, the completion and performance of the Contemplated Transactions
have been duly authorized by all necessary corporate action on the part of the Company, and this Agreement and all documents, instruments and agreements required to be executed and delivered by the Company pursuant to this Agreement have been duly
executed and delivered by the Company and, subject to the Sale Order, constitute a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with their respective terms. No other corporate proceedings,
including any stockholder or debt holder approvals, are necessary for the execution and delivery by the Company of this Agreement, the performance by it or of its obligation hereunder or thereunder or the consummation by it of the Contemplated
Transactions. 
 (d) Non-contravention. Except as disclosed on Section 3.1(d) of the Disclosure Schedule,
neither the execution and delivery of this Agreement, nor, subject to the Sale Order, the completion and performance of the Contemplated Transactions, or compliance by the Company with any of the provisions hereof or thereof, will
(i) materially violate, materially conflict with, or result in a material breach of any provision of, or constitute a material default (or an event which, with notice or lapse of time or both, would constitute a material default) under, or
result in the termination of, or result in the loss of any benefit or creation of any material right on the part of any third party under, or accelerate the performance required by, or result in a right of termination or acceleration of, or result
in the creation of any material Encumbrance upon any of the material properties or assets of the Company or any Subsidiary under any of the terms, conditions or provisions of (A) the Charter Documents of the Company, the Bank or any other
Subsidiary, or (B) any material note, bond, mortgage, indenture, deed of trust, license, lease, agreement or other instrument or obligation to which the Company, the Bank or any other Subsidiary is a party or by which it may be bound, or to
which the Company, the Bank or any other Subsidiary or any of the properties or assets of the Company, the Bank or any other Subsidiary may be subject, or (ii) assuming the Purchaser Required Approvals are duly obtained, violate in any material
respect any Legal Requirement or any judgment, ruling, order, writ, injunction or decree applicable to the Company, the Bank or any other Subsidiary or any of their respective properties or assets. 

3.2 Capitalization of the Bank. 
 (a) Ownership. The authorized capital stock of the Bank consists of 33,000,000 shares of common stock, $1.00 par value (the “Common Stock”), of which 560,198 shares of
Common Stock are outstanding and 3,000,000 shares of preferred stock, $1.00 par value (the “Preferred Stock”), of which no shares of Preferred Stock are outstanding. No other shares of capital stock of the Bank are issued or
outstanding. All of the outstanding shares of Common Stock and Preferred Stock are directly and beneficially owned and held by the Company and have been duly authorized and validly issued, are fully paid and nonassessable with no personal liability
attaching to the ownership thereof, have been issued in full compliance with all federal and state securities laws and other Legal Requirements, were not issued in violation of or subject to any preemptive rights or other rights to subscribe for or
purchase securities, and are free and clear of all Encumbrances. 

  
 14 

 (b) Outstanding Stock Rights. There are no (i) outstanding preemptive rights,
subscriptions, options, calls, warrants or other rights of any kind or nature to acquire any securities of the Bank or its Subsidiaries; (ii) outstanding securities, instruments or obligations that are or may become convertible into or
exchangeable for any securities of the Bank or its Subsidiaries; (iii) Contracts under which the Company or any of its Subsidiaries or the Bank and its Subsidiaries are or may become obligated to sell, issue or otherwise dispose of or redeem,
purchase or otherwise acquire any securities of the Bank or its Subsidiaries; (iv) shareholder agreements, voting trusts or other agreements, arrangements or understandings to which the Company or any of its Subsidiaries or the Bank or its
Subsidiaries is a party or of which the Company is aware, that may reasonably be expected to affect the exercise of voting or any other rights with respect to the capital stock of the Bank or its Subsidiaries, or (v) outstanding bonds,
debentures, notes or other indebtedness having the right to vote on any matters on which the shareholder of the Bank or its Subsidiaries may vote. 
 (c) Bank Subsidiaries. Other than the Subsidiaries set forth on Section 3.2(c) of the Disclosure Schedule, the Bank does not have any Subsidiaries nor own any equity interests in any
other Person. Each Subsidiary is a direct, wholly owned Subsidiary of the Bank, is duly organized, validly existing and in good standing under the laws of the state set forth on Section 3.2(c) of the Disclosure Schedule, is authorized
under the laws of such state to engage in the Business that the Subsidiary, conducts and otherwise has the corporate power and authority to own or lease all of its properties and assets and to conduct the Business that the Subsidiary conducts in the
manner in which the Business that the Subsidiary conducts is now being conducted. Each Bank Subsidiary is duly qualified to do business and is in good standing in each jurisdiction in which its ownership of properties or conduct of business requires
such qualification except where failure to be so qualified has not had and would not reasonably be expected to have a Material Adverse Effect. All of the outstanding shares of each Bank Subsidiary are directly and beneficially owned and held by the
Bank and have been duly authorized and validly issued, are fully paid and nonassessable with no personal liability attaching to the ownership thereof, have been issued in full compliance with all federal and state securities laws and other Legal
Requirements, were not issued in violation of or subject to any preemptive rights or other rights to subscribe for or purchase securities, and are free and clear of all Encumbrances. The operations of each Bank Subsidiary are as described in
Section 3.2(c) of the Disclosure Schedule. 
 (d) Ownership of Assets Covenant. Neither the Company nor any
of its Subsidiaries (other than the Bank and its Subsidiaries) (i) owns or has any right to use any asset or property (whether real, personal, tangible, intangible or otherwise) used in or held for use in, or related to, the Business or
(ii) other than the Bank Related Contracts, is a party to any Contract relating to the Business. Except as disclosed on Section 3.2(d) of the Disclosure Schedule, no Subsidiary of the Company (other than the Bank or its
Subsidiaries) has or owns any interest in any Tax Refund (or any proceeds of any Tax Refund received or to be received after June 30, 2012) or any proceeds received or to be received after June 30, 2012 related to any Assumed Bank Related
Contract (including any proceeds from any insurance claim to the extent related to the Bank or its Subsidiaries or the Business). Notwithstanding the above, the Company shall assign to the Purchaser those tax assets identified in Schedule 2.1.
 
 3.3 Business Operations. 
 (a) Permits. The Bank and its Subsidiaries hold all Permits material to the Business, including without limitation all Permits required from the FDIC and the OCC, to conduct a commercial banking
business (each, a “Material Permit”). All of the Material Permits are validly issued, are in full force and effect and are being complied with by the Bank and its Subsidiaries in all material respects. Except as set forth on
Section 3.3(a) of the Disclosure Schedule, no notice of breach or default in respect of any Material Permit has been received by the Bank or its Subsidiaries and there are no Proceedings in progress, pending or, to the Company’s
Knowledge, threatened which would reasonably be expected to result in the cancellation, revocation, suspension or adverse alteration of any of them, and the Company is not aware of any existing matters or state of facts which is reasonably likely to
give rise to any such notice or Proceeding. 

  
 15 

 (b) Governmental Authorizations. Except as set forth on Section 3.3(b) of
the Disclosure Schedule: 
 (i) Each Governmental Authorization that is held by the Bank or its Subsidiaries or that
otherwise relates to the Business is valid and in full force and effect. 
 (ii) The Bank and its Subsidiaries are in
compliance in all material respects with all of the terms and requirements of each Governmental Authorization applicable to it that is material to the Business (a “Material Governmental Authorization”). 

(iii) No event has occurred or circumstance exists that would or would reasonably be expected to (with or without notice or lapse of
time) (A) constitute or result directly or indirectly in a material violation of or a failure to comply with any material term or requirement of any Material Governmental Authorization, or (B) result directly or indirectly in the
revocation, withdrawal, suspension, cancellation or termination of, or any modification to, or would otherwise impair in any way, any Material Governmental Authorization. 
 (iv) Neither the Company nor the Bank (nor its Subsidiaries) has received any notice or other communication from any Governmental Authority regarding (A) any actual, alleged, possible or potential
violation of or failure to comply with any material term or requirement of any Material Governmental Authorization or (B) any actual, proposed, possible or potential revocation, withdrawal, suspension, cancellation, termination of or
modification to any Material Governmental Authorization. 
 (v) All applications required to have been filed for the renewal of
the Material Governmental Authorizations have been duly filed on a timely basis with the appropriate Governmental Authorities, and all other filings required to have been made with respect to such Governmental Authorizations have been duly made on a
timely basis with the appropriate Governmental Authority, except as have not had, and would not reasonably be expected to be, material. 
 (vi) There is no authorization, license, approval, Consent, order or any other action of, or any registration, declaration, filing or notice with or to any Governmental Authority or court that is required
for the execution or delivery by the Company of this Agreement or the validity or enforceability of this Agreement against the Company, and, subject to the Sale Order and the receipt of the Purchaser Required Approvals, the completion or performance
by the Company of any of the Contemplated Transactions. 
 (vii) The Bank and its Subsidiaries are not subject to any
cease-and-desist or other similar order or enforcement action issued by, nor is any of them a party to any written agreement, consent agreement or memorandum of understanding with, or a party to any commitment letter or similar undertaking to, or
subject to any capital directive by, or adopted any board resolutions at the request of, any Governmental Authority (each item in this sentence, a “Regulatory Agreement”), nor has the Bank or its Subsidiaries been notified since
January 1, 2009 by any Governmental Authority that it is considering issuing, initiating, ordering, or requesting any such Regulatory Agreement. The Bank and its Subsidiaries are in compliance in all material respects with each Regulatory
Agreement to which either of them is a party or subject, and neither the Bank nor its Subsidiaries has received any notice from any Governmental Authority indicating that the Bank or its Subsidiaries is not in compliance in all material respects
with any such Regulatory Agreement. 

  
 16 

 (viii) Except for normal examinations conducted by a Governmental Authority in the regular
course of the Business and except as disclosed in Section 3.8 of the Disclosure Schedule, no Governmental Authority has initiated any Proceeding into the Business or operations of the Bank or its Subsidiaries since January 1, 2009.
There is no unresolved violation, criticism or exception by any Governmental Authority with respect to any report or statement relating to any examinations or inspections of the Bank or its Subsidiaries. Other than the current OCC safety and
soundness examination, as of the Original Agreement Date, no regulatory examination of the Bank or its Subsidiaries is under way, and no other report of examination is pending. 

(c) Compliance with Law. Except as set forth on Section 3.3(c) of the Disclosure Schedule, neither the Company nor any
of its Subsidiaries is in material violation of, or has materially violated, and to the Knowledge of the Company neither the Company nor any of its Subsidiaries is under investigation with respect to or has been threatened to be charged with or
given notice of any material violation of, any Legal Requirement. 
 3.4 Regulatory Reports. 

(a) Company’s Reports. Except as set forth on Section 3.4(a) of the Disclosure Schedule, the Company has filed or
furnished, as applicable, on a timely basis, all forms, filings, registrations, submissions, statements, certifications, reports and documents required to be filed or furnished by it with any Governmental Authority, including any and all federal and
state banking authorities, since January 1, 2009 (including any amendments thereto, the “Company’s Reports”). Except as set forth on Section 3.4(a) of the Disclosure Schedule, each of the Company’s
Reports, at the time of its filing or being furnished, complied as to form in all material respects with all Legal Requirements applicable to the Company’s Reports. Except as set forth in Section 3.4(a) of the Disclosure Schedule,
as of their respective dates (or, if amended prior to the date hereof, as of the date of such amendment), the Company’s Reports did not contain any untrue statement of a material fact or omit to state a material fact required to be stated
therein or necessary to make the statements made therein, in light of the circumstances in which they were made, not misleading. 
 (b) Bank’s Reports. Except as set forth on Section 3.4(b) of the Disclosure Schedule, the Bank and its Subsidiaries have duly filed with the OCC, the OTS, the FDIC and any other
applicable Governmental Authorities, as the case may be, in correct form in all material respects, the reports, returns and filing information data required to be filed under any applicable Legal Requirement, including any and all federal and state
banking authorities, and such reports were complete and accurate in all material respects and in compliance in all material respects with the requirements of any applicable Legal Requirement. Except as set forth on Section 3.4(b) of the
Disclosure Schedule, as of their respective dates (or, if amended prior to the date hereof, as of the date of such amendment), such reports did not contain any untrue statement of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements made therein, in light of the circumstances in which they were made, not misleading. 
 3.5 Deposits. All of the deposits held by the Bank (including the records and documentation pertaining to such deposits) have been established and are held in compliance in all material respects
with (i) all applicable policies, practices and procedures of the Bank, and (ii) all applicable Legal Requirements, including anti-money laundering, anti-terrorism, or embargoed persons requirements. All of the deposit accounts of the Bank
are insured to the maximum limit set by the FDIC and any premiums and assessments required to be paid in connection therewith have been fully paid, and no proceedings for the termination or revocation of such insurance are pending, or, to the
Knowledge of the Company, threatened. 

  
 17 

 3.6 Financial Matters. 

(a) Bank Financial Statements. The Company has, prior to the date hereof, provided to the Purchaser the Unaudited Financial
Statements, which are attached as Section 3.6(a) of the Disclosure Schedule. Except as set forth on Section 3.6(a) of the Disclosure Schedule, the Unaudited Financial Statements (i) are true, accurate and complete in all
material respects, (ii) have been prepared in accordance with GAAP (except for the omission of footnotes) and regulatory accounting principles consistently applied and (iii) fairly present in all material respects the consolidated
financial position of the Bank and its Subsidiaries as of the respective dates set forth therein and their consolidated results of operations, for the respective periods set forth therein. The consolidated financial statements of the Bank and its
Subsidiaries to be prepared after the Original Agreement Date and prior to the Closing (A) will be true, accurate and complete in all material respects, (B) will have been prepared in accordance with GAAP (except for the omission of
footnotes) and regulatory accounting principles consistently applied and (C) will fairly present in all material respects the consolidated financial position of the Bank and its Subsidiaries as of the respective dates set forth therein and
their consolidated results of operations for the respective periods set forth therein. The balance sheet dated June 30, 2012, included in the Unaudited Financial Statements is referred to as the “June 30 Balance Sheet.”

 (b) Call Reports. The financial statements contained in the Call Reports of the Bank to be prepared after the Original
Agreement Date and prior to the Closing (A) will be true, accurate and complete in all material respects, (B) will have been prepared in accordance with GAAP and regulatory accounting principles consistently applied, except as may be
otherwise indicated in the notes thereto and except for the omission of footnotes, and (C) will fairly present in all material respects the consolidated financial condition of the Bank and its Subsidiaries as of the respective dates set forth
therein and their consolidated results of operations and stockholders’ equity for the respective periods set forth therein, subject, in the case of interim period financial statements, to year-end adjustments (none of which will be material).

 (c) Systems and Processes. Except as set forth on Section 3.6(c) of the Disclosure Schedule, the Bank and
its Subsidiaries have in place sufficient systems and processes that are customary for a community bank of the size of the Bank and that are designed to (x) provide reasonable assurances regarding the reliability of the Bank’s and its
Subsidiaries’ financial statements and (y) in a timely manner accumulate and communicate to the Bank’s and its Subsidiaries’ principal executive officer and principal financial officer the type of information that would be
required to be disclosed in the Bank’s and its Subsidiaries’ financial statements. Except as set forth on Section 3.6(c) of the Disclosure Schedule, neither the Bank or its Subsidiaries nor, to the Company’s Knowledge, any
employee, auditor, accountant or representative of the Bank or its Subsidiaries has received or otherwise had or obtained Knowledge of any complaint, allegation, assertion or claim, whether written or oral, regarding the adequacy of such systems and
processes or the accuracy or integrity of the Bank’s or its Subsidiaries’ financial statements. Except as set forth on Section 3.6(c) of the Disclosure Schedule, to the Company’s Knowledge, there has been no instance of
fraud by the Bank or its Subsidiaries, whether or not material, that occurred during any period since January 1, 2009. 

(d) Auditor Independence. Except as set forth on Section 3.6(d) of the Disclosure Schedule, since January 1,
2009, the Company’s and the Bank’s external auditor was independent of the Company and the Bank and their management. As of the date hereof, except as set forth on Section 3.6(d) of the Disclosure Schedule, the Company’s
and the Bank’s external auditor has not resigned or been dismissed as a result of or in connection with any disagreements with the Company on a matter of accounting principles or practices, financial statement disclosure or auditing scope or
procedure. 

  
 18 

 (e) Books and Records. 

(i) Except as set forth on Section 3.6(e)(i) of the Disclosure Schedule, the Books and Records have been and are being
maintained in the Ordinary Course of Business in accordance and compliance with all applicable accounting requirements and Legal Requirements and are complete in all material respects to reflect corporate action by the Bank and its Subsidiaries.
Neither the Company nor the Bank nor any of their Subsidiaries have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K of the Securities Act of 1933, as amended. 

(ii) The records, systems, controls, data and information of the Bank and its Subsidiaries are recorded, stored, maintained and operated
under means (including any electronic, mechanical or photographic process, whether computerized or not) that are under the exclusive ownership and control of the Bank and its Subsidiaries or any of their accountants (including all means of access
thereto and therefrom) in all material respects. Except as set forth on Section 3.6(e)(ii) of the Disclosure Schedule, the Bank and its Subsidiaries have established and maintain a system of internal accounting controls sufficient to
provide reasonable assurances that (A) transactions are executed in accordance with its management’s general or specific authorizations and (B) transactions are recorded in conformity with GAAP consistently applied and all Legal
Requirements. Since January 1, 2009, except as set forth on Section 3.6(e) of the Disclosure Schedule, the Bank and its Subsidiaries or, to the Company’s Knowledge, any director, senior executive officer, auditor or independent
accountant, has not received written notice or otherwise obtained knowledge of any material weakness regarding the accounting or auditing practices, procedures or methods of the Bank and its Subsidiaries or their respective internal accounting
controls, other than material weaknesses that have been remedied prior to the Original Agreement Date. 
 (f)
Liabilities. Neither the Bank nor any of its Subsidiaries has any Liability, and there is no existing condition, situation or set of circumstances that could reasonably be expected to result in such a Liability, except: 

(i) Liabilities to the extent disclosed on, reflected in or provided for in the June 30 Balance Sheet; 

(ii) Liabilities incurred in the Ordinary Course of Business since June 30, 2012, except those, that individually or in the
aggregate, are not material; 
 (iii) Liabilities disclosed in the Disclosure Schedule; 

(iv) Liabilities arising from this Agreement; and 
 (v) Other Liabilities that, individually or in the aggregate, are not material. 
 3.7 Tax Matters. Except as set forth on Section 3.7 of the Disclosure Schedule: 
 (a) Each of the Bank and its Subsidiaries (or the Company on behalf of the Bank or its Subsidiaries) has filed all federal income Tax Returns and all other material Tax Returns required to be filed by it.
All such Tax Returns were true, correct and complete in all material respects and accurately reflected in all material respects the taxable income (or other measure of Tax) of the Bank and its Subsidiaries. 

  
 19 

 (b) Each of the Bank and its Subsidiaries (or the Company on behalf of the Bank or its
Subsidiaries) has paid all Taxes with respect to which there is any direct or indirect Liability on the part of one or more of the Bank, its Subsidiaries or the consolidated, combined, affiliated, unitary or other tax group including the Company,
the Bank and its Subsidiaries whether or not shown on any Tax Return. The Bank and its Subsidiaries have established reserves in accordance with GAAP that are adequate for the payment of all Taxes not yet due and payable with respect to the assets
and operations of the Bank and its Subsidiaries 
 (c) Each of the Bank and its Subsidiaries (or the Company on behalf of the
Bank or its Subsidiaries) has withheld and paid to the appropriate taxing authority all material Taxes required to be withheld and paid, including in connection with any amounts owing to any employee, independent contractor, creditor, stockholder or
other third party and all Forms W-2 and 1099 and any other forms required with respect thereto have been properly completed and timely filed. 
 (d) None of the Company, the Bank or its Subsidiaries has received from any taxing authority written notice of, and, to the Knowledge of the Company, there is not threatened, any audit, claim, action,
suit, request for information, ruling, determination, investigation or administrative or judicial proceeding that is pending or being conducted with respect to Taxes of the Bank or its Subsidiaries. None of the Company, the Bank or its Subsidiaries
has received from any taxing authority (including in jurisdictions in which the Bank or its Subsidiaries has not filed Tax Returns) written notice of, and, to the Knowledge of the Company, there is not threatened, any proposed assessment, adjustment
or deficiency for any amount of Taxes proposed, asserted, or assessed against the Bank or its Subsidiaries. 
 (e) Neither the
Bank nor its Subsidiaries is a party to or bound by any Tax sharing, allocation or indemnification agreement or similar agreement or arrangement. 
 (f) Neither the Bank nor its Subsidiaries has, in the longer of the past two years or in all tax years for which the statute of limitations has not expired, or to the Knowledge of the Company,
prior years, constituted either a “distributing corporation” or a “controlled corporation” in a distribution of stock intended to qualify for tax-free treatment under Section 355 of the Code. 

(g) Neither the Bank nor its Subsidiaries will be required, for income Tax purposes for any taxable period ending after the Closing Date,
to include in its taxable income any item of income or gain or to exclude from its taxable income any item of deduction or loss as a result of any (i) change in method of accounting under Section 481(c) of the Code (or any corresponding or
similar provision of state, local or foreign law) for a taxable period ending on or prior to the Closing Date, (ii) closing agreement under Section 7121 of the Code (or any corresponding or similar provision of state, local or foreign law)
executed on or prior to the Closing Date, (iii) installment sale or open transaction disposition occurring on or prior to the Closing Date, or (iv) prepaid amount received on or prior to the Closing Date. 

(h) There are no liens or encumbrances for Taxes on any of the assets of the Bank or its Subsidiaries other than liens or encumbrances
for Taxes not yet due and payable. 
 (i) No written claim has been received in the last six years by the Company, the Bank or
its Subsidiaries from a taxing authority in a jurisdiction where the Bank or its Subsidiaries does not file Tax Returns that the Bank or its Subsidiaries is or may be subject to taxation by that jurisdiction or should have been included in a
combined, consolidated, affiliated, unitary or other group Tax Return of that jurisdiction. 
 (j) Neither the Bank nor its
Subsidiaries has engaged in any “reportable transactions” within the meaning of Treasury Regulations Section 1.6011-4(b). 

  
 20 

 3.8 Litigation and Claims. Except as set forth on Section 3.8 of the
Disclosure Schedule, there are no pending or, to the Knowledge of the Company, threatened Proceedings against or relating specifically to the Bank or its Subsidiaries or the Business that would reasonably be expected to materially interfere with or
delay any of the Contemplated Transactions. Except as set forth on Section 3.8 of the Disclosure Schedule, there is no material Order or regulatory restriction imposed upon or relating specifically to the Bank or its Subsidiaries or the
Business that would reasonably be expected to materially interfere with or delay any of the Contemplated Transactions. 
 3.9
Employee Matters.  
 (a) Employees. Section 3.9(a) of the Disclosure Schedule sets forth, for each
officer and other key employee whose annual compensation equals or exceeds $100,000 of the Bank or its Subsidiaries, such employee’s name, title, hire date, location, whether full- or part-time, and whether active or on leave (and, if on leave,
the nature of the leave and the expected return date). Five (5) days prior to the Closing Date, the Company will provide the Purchaser with a revised version of Section 3.9(a) of the Disclosure Schedule, updated as of such date. No
officer or other key employee whose compensation equals or exceeds $100,000 of the Bank or its Subsidiaries has indicated to the Company, the Bank or any of their Subsidiaries that he or she intends to resign or retire as a result of the
Contemplated Transactions contemplated by this Agreement or otherwise within one year after the Closing Date. 
 (b) Employee
Benefit Plans; Labor. 
 (i) Section 3.9(b)(i) of the Disclosure Schedule sets forth a complete and correct
list of each Benefit Arrangement. The Company has prior to the date hereof provided to the Purchaser correct and complete copies of (i) each Benefit Arrangement, including all amendments thereto (or, in the case of any such Benefit Arrangement
that is unwritten, descriptions thereof), (ii) the most recent annual reports on Form 5500 filed with the Internal Revenue Service with respect to each Benefit Arrangement (if any such report was required), (iii) the most recent summary
plan description for each Benefit Arrangement for which such summary plan description is required and (iv) each trust agreement and insurance or group annuity contract relating to any Benefit Arrangement. 

(ii) Each Benefit Arrangement that is intended to be tax qualified under Section 401(a) of the Code (each, a
“Qualified Plan”) and each trust established in connection with any Qualified Plan which is intended to be tax exempt under Section 501(a) of the Code is tax qualified or tax exempt, as applicable, and the Bank has
received a determination letter or an opinion letter from the Internal Revenue Service upon which it may rely regarding each such Qualified Plan’s qualified status under the Code, and to the Company’s Knowledge, no event has occurred since
the date of the most recent determination letter or application relating to any such Qualified Plan that would adversely affect the qualification of such Qualified Plan. The Company has prior to the date hereof provided to the Purchaser a correct
and complete copy of the most recent determination letter or opinion letter received with respect to each Qualified Plan, as well as a correct and complete copy of each pending application for a determination letter, if any. 

(iii) Except as set forth on Section 3.9(b)(iii) of the Disclosure Schedule, each Benefit Arrangement has been administered
in all material respects in accordance with its terms and in compliance with the applicable provisions of ERISA, the Code, all other Legal Requirements and the terms of all applicable collective bargaining agreements (if any). No events have
occurred with respect to any Benefit Arrangement that could result in payment or assessment by or against the Bank or its Subsidiaries of any excise taxes under Section 4972, 4975, 4976, 4977, 4979, 4980B, 4980D, 4980E or 5000 of the Code.
There are no investigations by any Governmental Authority, termination proceedings or other claims (except routine claims for benefits payable under the Benefit Arrangements) or Proceedings against or involving any Benefit Arrangement. 

  
 21 

 (iv) Neither the Company nor the Bank (or its Subsidiaries) has any obligation to gross up,
indemnify or otherwise reimburse any current or former employee of the Bank or its Subsidiaries for any tax incurred by any such employee, including, without limitation, under Section 409A or 4999 of the Code. No Benefit Arrangement,
individually or collectively, would reasonably be expected to result in the payment of any amount that would not be deductible under Section 280G of the Code. 
 (v) No Qualified Plan is, or ever has been, subject to Title IV of ERISA or Section 412 of the Code. No direct, contingent or secondary liability to any Person has been incurred or could reasonably
be expected to be incurred by the Bank or its ERISA Affiliates under Title IV of ERISA. 
 (vi) Neither the Bank nor any of its
ERISA Affiliates contributes to, or has within the preceding six years, contributed to or incurred any contingent or actual liability or other obligation in connection with, any Multiemployer Plan. Neither the Bank nor any of its ERISA Affiliates
has, within the preceding six years, withdrawn in a complete or partial withdrawal from any Multiemployer Plan or incurred any liability under Section 4204 of ERISA that has not been satisfied in full. 

(vii) Except as set forth on Section 3.9(b)(vii) of the Disclosure Schedule, the Bank and its Subsidiaries have no
obligation to provide medical, dental or life insurance benefits (whether or not insured) to any employees or former employees of the Bank or its Subsidiaries (or beneficiary thereof) after retirement or other termination of service (other than
coverage mandated by Legal Requirements). 
 (viii) There are no collective bargaining agreements binding on the Bank or its
Subsidiaries; none of the employees of the Bank or its Subsidiaries is represented by a labor union, and, to the Knowledge of the Company, there is no, and since January 1, 2009, has been no, (i) organizational effort made or threatened by
or on behalf of any labor organization or trade union to organize any employees of the Bank or its Subsidiaries, and (ii) no demand for recognition of any employees of the Bank or its Subsidiaries has been made by or on behalf of any labor
organization or trade unions. 
 (ix) There are no, and since January 1, 2009, there have not been any, strikes, work
stoppages, work slowdowns or lockouts pending or, to the Knowledge of the Company, contemplated or threatened against or involving the Bank or its Subsidiaries. 
 (x) The Company is in compliance, in all material respects, with all applicable Legal Requirements respecting employment and employment practices, including those relating to labor management relations,
wages, hours, overtime, employee classification, discrimination, sexual harassment, civil rights, affirmative action, work authorization, immigration, safety and health, information privacy and security, workers compensation, continuation coverage
under group health plans, wage payment and the payment and withholding of Taxes. 
 (xi) Except as set forth on
Section 3.9(b)(xi) of the Disclosure Schedule, there are no Proceedings pending or, to the Knowledge of the Company, threatened against or affecting the Bank or its Subsidiaries, relating to the alleged material violation of any
applicable Legal Requirement pertaining to labor relations or employment related matters. 

  
 22 

 (xii) Except as set forth on Section 3.9(b)(xii) of the Disclosure Schedule,
the consummation of the transactions contemplated by this Agreement will not (either alone or together with any other event) entitle any current or former employee, consultant or independent contractor of the Bank or its Subsidiaries to severance
pay or accelerate the time of payment or vesting or trigger any material payment or funding (through a grantor trust or otherwise) of compensation or benefits under, materially increase the amount payable or trigger any other material obligation
pursuant to, any Benefit Arrangement or otherwise. 
 (xiii) There has been no amendment to, written interpretation of or
announcement (whether or not written) by the Company, the Bank or the Bank’s Subsidiaries relating to, or change in employee participation or coverage under, any Benefit Arrangement that would increase materially the expense of maintaining such
plan above the level of expense incurred in respect thereof for the most recent fiscal year ended prior to the date hereof. 

(xiv) Except as set forth on Section 3.9(b)(xiv) of the Disclosure Schedule, any and all benefits and coverage under each
health, accident, life, disability and similar plan or arrangement sponsored by the Company, the Bank or any Subsidiary is not other than fully insured. 
 (xv) Except as set forth on Section 3.9(b)(xv) of the Disclosure Schedule, no Benefit Arrangement, or similar plan or arrangement sponsored by the Company, the Bank or any Subsidiary, is
subject to any requirement of Section 409A of the Code. 
 3.10 Properties and Leases. The Bank or its Subsidiaries
(a) has good, valid and marketable title to all the properties and assets reflected in the June 30 Balance Sheet or acquired after the date thereof (except properties sold or otherwise disposed of since the date thereof in the Ordinary
Course) (the “Owned Properties”), free and clear from any Encumbrances other than Encumbrances that, (A) individually or in the aggregate, (i) do not, and would not reasonably be expected to, affect the value
thereof or interfere with the use made or to be made thereof by the Bank or its Subsidiaries in any material respect or otherwise be material, (ii) do not secure indebtedness for borrowed money and (iii) arose only in the Ordinary Course
and (B) in the case of Owned Properties consisting of Real Estate, Permitted Liens, (b) is the lessee of all leasehold estates reflected in the June 30 Balance Sheet or acquired after the date thereof (except for leases that have
expired by their terms since the date thereof) (the “Leased Properties” and, collectively with the Owned Properties, the “Properties”; and any Property consisting of real estate or buildings or improvements thereon
(“Real Estate”)), free and clear from Encumbrances other than Encumbrances that, (A) individually or in the aggregate, (i) would not, and would not reasonably be expected to, affect the value thereof or interfere with the
use made or to be made thereof by the Bank or its Subsidiaries in any material respect or otherwise be material, (ii) do not secure indebtedness for borrowed money and (iii) arose only in the Ordinary Course and (B) in the case of
Leased Properties consisting of Real Estate, Permitted Liens and is in possession of the properties purported to be leased thereunder, and each such lease is valid without default thereunder by the lessee or, to the Knowledge of the Company, the
lessor, and (c) owns or leases all properties and assets as are used by the Bank or its Subsidiaries in the Business or otherwise necessary to their respective operations as now conducted. Section 3.10 of the Disclosure Schedule
contains a true and complete list of all Real Estate as of the Original Agreement Date and identifies which Real Estate is owned and which is leased. The Real Estate is in material compliance with all applicable zoning laws and building codes, and
the buildings and improvements located on the Real Estate are in good operating condition and in a state of good working order, ordinary wear and tear excepted. There are no pending or, to the Knowledge of the Company, threatened material
condemnation proceedings against any of the Real Estate. The Bank and its Subsidiaries are in compliance with all applicable health and safety related requirements for the Real Estate, including those under the Americans with Disabilities Act of
1990 and the Occupational Safety and Health Act of 1970. 

  
 23 

 3.11 Absence of Certain Changes. Since June 30, 2012, (a) there has not
been, and no fact, effect, event, change, occurrence or circumstance has occurred that would reasonably be expected to have, a Material Adverse Effect, and (b) no material default (or event which, with notice or lapse of time, or both, would
constitute a material default) exists on the part of the Bank or its Subsidiaries or, to the Knowledge of the Company, on the part of any other party, in the due performance and observance of any term, covenant or condition of any Contract to which
the Bank or its Subsidiaries is a party and which is, individually or in the aggregate, material to the financial condition of the Bank and its Subsidiaries. 
 3.12 Commitments and Contracts. 
 (a) Except as set forth on
Section 3.12 of the Disclosure Schedule, there are no Contracts to which the Bank or its Subsidiaries is a party or subject or which otherwise relate to the Business (whether written or oral, express or implied) of the type described
below (each Contract disclosed or required to be disclosed, including the Bank Related Contracts, a “Bank Significant Agreement”):  
 (i) any Contract which is or would constitute a “material contract” within the meaning of Item 601(b)(10) of Regulation S-K to be performed in whole or in part after the Original Agreement
Date; 
 (ii) any Contract with respect to the employment or service of any current directors, officers, employees or
consultants (excluding attorneys, accountants and auditors) of the Bank or its Subsidiaries and of any former director or officer of the Bank or its Subsidiaries whose service as such terminated after December 31, 2010, other than the
Bank’s standard form at-will offer letter; 
 (iii) any Contract, including pursuant to a board resolution, by the Bank or
its Subsidiaries with (A) the Company or any of its Affiliates (other than the Bank or its Subsidiaries) or (B) any director or officer of the Company or its Affiliates; 

(iv) any Contract which limits the freedom of the Bank or its Subsidiaries to compete in any material line of business or with any
Person or in any area, or to solicit the business of any Person or category of Persons; 
 (v) any material Contract with
a Governmental Authority or Mortgage Finance Agency; 
 (vi) any Contract pursuant to which the Bank or its Subsidiaries grants
or makes available, or is granted or receives, any material Proprietary Rights (other than non-exclusive licenses to commercially available software on non-discriminatory pricing terms); 

(vii) any Contract which (A) grants any Person a right of first refusal, right of first offer or similar right with respect to any
material properties, assets or businesses of the Bank or its Subsidiaries; (B) limits or purports to limit the ability of the Bank or its Subsidiaries to own, operate, sell, transfer, pledge or otherwise dispose of any material assets or
business the Bank or its Subsidiaries owns, or (C) contains a “most favored nation” clause or similar term providing preferential pricing to a party (other than the Bank or its Subsidiaries) that is material to the Bank or its
Subsidiaries; 
 (viii) any material partnership, joint venture, limited liability company, operating, shareholder, investors
rights or other similar agreement or arrangement; 

  
 24 

 (ix) any lease or sublease (A) of personal property providing for aggregate annual
rentals of $100,000 or more or (B) of Real Estate; 
 (x) any material indenture, deed of trust, loan agreement or other
financing agreement or instrument to which the Bank or its Subsidiaries is an obligor or guarantor; 
 (xi) any Contract
relating to the acquisition or disposition of any material business or material assets (whether by merger, sale of stock or assets or otherwise), which acquisition or disposition is not yet complete or where such contract contains continuing
material obligations, including continuing material indemnity obligations, of the Bank or its Subsidiaries; 
 (xii) any
current or on-going agreement or series of agreements for the purchase, sale, receipt, lease or use of materials, supplies, goods, services (except for services provided by attorneys), equipment or other assets (excluding real estate owned
properties obtained through foreclosure proceedings or by the execution of deed in lieu of foreclosure agreements entered into in the Ordinary Course) providing for aggregate payments by or to the Bank and its Subsidiaries of $150,000 or more
annually or $300,000 or more in the aggregate; 
 (xiii) any participation, loan purchase or similar agreement pursuant to
which the Bank or its Subsidiaries has (A) acquired an interest in the indebtedness of any third party or (B) sold an interest in the indebtedness of any third party; 

(xiv) any material agreement (including any keepwell agreement, other than the Company’s source of strength obligations pursuant to
the Federal Reserve Board’s Regulation Y) under which (A) any Person has directly or indirectly guaranteed any material liabilities or obligations of the Bank or its Subsidiaries or (B) the Bank or its Subsidiaries has, directly or
indirectly, guaranteed any material liabilities or obligations of any other Person (other than letters of credit entered into in the Ordinary Course, including for the avoidance of doubt with customary terms); 

(xv) any correspondent Contract or other similar Contract; and 

(xvi) any other agreement, commitment, arrangement or plan that is (A) not made in the Ordinary Course or (B) material to the
Bank and its Subsidiaries, taken as a whole. 
 (b) Prior to the date hereof, the Company has provided (by hard copy, electronic
data room or otherwise) to Purchaser or its representatives true, correct and complete copies, including all amendments, of each of the Bank Significant Agreements. (i) Each of the Bank Significant Agreements has been duly and validly
authorized, executed and delivered by the Bank or its Subsidiaries and is binding on the Bank or its Subsidiaries, as applicable, and in full force and effect; (ii) the Bank and its Subsidiaries are in all material respects in compliance with
and have in all material respects performed all obligations required to be performed by any of them to date under each Bank Significant Agreement; (iii) the Bank and its Subsidiaries have not received notice of any material violation or default
(or any condition which with the passage of time or the giving of notice would cause such a violation or default) by any party under any Bank Significant Agreement; and (iv) no other party to any Bank Significant Agreement is, to the Knowledge
of the Company, in material default in any respect thereunder, except to the extent the filing of the Bankruptcy Case constitutes a default of any such agreement. 
 3.13 Risk Management Instruments. Section 3.13 of the Disclosure Schedule sets forth all derivative instruments of the Bank and its Subsidiaries, including swaps, caps, floors and
option agreements, whether entered into for the Bank’s or its Subsidiaries’ own account or for the account of a customer of the Bank. All such derivative instruments were entered into (a) only in the Ordinary Course

  
 25 

 
of Business and consistent with past practice, (b) in accordance with all applicable laws, rules, regulations and regulatory policies and (c) with counterparties believed to be
financially responsible at the time; and each of them constitutes the valid and legally binding obligation of the Bank or its Subsidiaries and is enforceable against the Bank or its Subsidiaries, as applicable, and, to the Knowledge of the Company,
the other parties thereto (except as enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and similar laws of general applicability relating to or affecting creditors’ rights or by
general equity principles) in accordance with its terms. Neither the Bank or its Subsidiaries nor, to the Knowledge of the Company, any other party thereto, is in breach of any of its material obligations under any such agreement or arrangement.

 3.14 Environmental Matters. Except as set forth on Section 3.14 of the Disclosure Schedule: 

(a) The Bank and its Subsidiaries are and have since January 1, 2009 been in compliance in all material respects with all
Environmental Laws. None of the Bank, the Bank’s Subsidiaries nor the Company has received any communication from any Person that alleges that the Bank or its Subsidiaries is not in compliance with any Environmental Laws and, to the Knowledge
of the Company, there are no circumstances that would reasonably be expected to prevent or interfere with such compliance in the future. 
 (b) There is no Environmental Claim pending or, to the Knowledge of the Company, threatened, nor are there any circumstances that would reasonably be expected to form the basis for any Environmental
Claim, against the Bank or its Subsidiaries or against any person or entity whose liability for any Environmental Claim the Bank or its Subsidiaries has indemnified, retained or assumed by contract or by operation of law. 

(c) The Company has provided to Purchaser all assessments, reports, data, results of investigations or audits, and other information that
is in the possession or control of or reasonably available to the Company or the Bank or its Subsidiaries regarding any Materials of Environmental Concern, Environmental Law, Environmental Claim or other environmental matters pertaining to or the
environmental condition of any properties currently or previously owned, leased or operated by the Bank or its Subsidiaries since January 1, 2009, including but not limited to corporate offices or branch locations or properties acquired through
foreclosure, granting of a deed in lieu of foreclosure or similar transfer of title or possession, or the compliance (or noncompliance) by or Liability of the Bank or its Subsidiaries under any Environmental Laws. 

(d) Except as would not reasonably be expected to give rise to any material Liability of the Bank or its Subsidiaries, since
January 1, 2009, no Materials of Environmental Concern have been discharged, disposed of, spilled, leaked or otherwise released at, on, to, from or under any property now or previously owned, leased or operated by the Bank or its Subsidiaries
or any of their respective predecessors (including, to the Knowledge of the Company, any such properties acquired through foreclosure, granting of a deed in lieu of foreclosure or similar transfer of title or possession). 

(e) Neither the Bank nor its Subsidiaries is required by any Environmental Law or by virtue of the transactions set forth herein and
contemplated hereby, or as a condition to the effectiveness of any transactions contemplated hereby, (i) to perform a site assessment for Materials of Environmental Concern, (ii) to remove or remediate Materials of Environmental Concern,
(iii) to give notice to or receive approval from any Governmental Authority regarding environmental matters, other than a supervising bankruptcy court with jurisdiction over the pending transaction, or (iv) to record or deliver to any
Person any disclosure document or statement pertaining to environmental matters. 

  
 26 

 3.15 Insurance. Except as set forth on Section 3.15 of the Disclosure
Schedule, the Bank and its Subsidiaries maintain insurance underwritten by insurers of recognized financial responsibility, of the types and in the amounts that the Bank and its Subsidiaries reasonably believe are adequate for its business,
including, but not limited to, insurance covering all real and personal property owned or leased by the Bank or its Subsidiaries against theft, damage, destruction, acts of vandalism and all other risks customarily insured against, with such
deductibles as are customary for companies in the same or similar business. Section 3.15 of the Disclosure Schedule sets forth a true and complete list of, and the Company has furnished to Purchaser prior to the date hereof true and
complete copies of, all insurance policies and fidelity bonds relating to the assets, business, operations, employees, officers or directors of the Bank and its Subsidiaries, whether or not the Bank or its Subsidiaries are party to such insurance
policies or fidelity bonds. Except as set forth on Section 3.15 of the Disclosure Schedule, there is no claim by the Bank or its Subsidiaries pending under any of such policies or bonds as to which coverage has been questioned, denied or
disputed by the underwriters of such policies or bonds or in respect of which such underwriters have reserved their rights. All premiums payable under all such policies and bonds have been timely paid and the Company, the Bank and its Subsidiaries
have otherwise in all material respects complied fully with the terms and conditions of all such policies and bonds. Such policies of insurance and bonds (or other policies and bonds providing substantially similar insurance coverage) have been in
effect since at least January 1, 2009 and remain in full force and effect. The Company has no Knowledge of any threatened termination or premium increase with respect to, or material alteration of coverage under, any of such policies or bonds.
The Bank and its Subsidiaries shall after the Closing continue to have coverage under policies and bonds relating to the Business with respect to events occurring prior to the Closing and such coverage will not be affected by any claims by the
Company or any of its Subsidiaries other than the Bank and its Subsidiaries. 
 3.16 Intellectual Property. The Bank and
its Subsidiaries own or are licensed to use or otherwise possess legally enforceable rights to use all material patents, patent rights, licenses, inventions, copyrights, know-how (including trade secrets, applications and other unpatented or
unpatentable proprietary or confidential information, systems or procedures), trademarks, service marks and trade names (collectively, “Proprietary Rights”) that are material to the Business and used in or necessary for the conduct
of the Business as currently conducted. The Bank and its Subsidiaries have the right to use all material Proprietary Rights owned by the Bank and used in the conduct of the Business as currently conducted without infringing, misappropriating or
otherwise violating the Proprietary Rights of any third party, and neither the Bank, its Subsidiaries nor the conduct of the Business has infringed, misappropriated or otherwise violated any such Proprietary Rights in any material respect. To the
Company’s Knowledge, the Bank has the right to use all material Proprietary Rights licensed to the Bank and used in the conduct of the Business as currently conducted without infringing, misappropriating or otherwise violating the Proprietary
Right of any third party or otherwise violating the terms of any licensing or other agreement to which the Bank is a party. To the Company’s Knowledge, no Person is infringing, misappropriating or otherwise violating any of the Proprietary
Rights of the Bank, except where the infringement of or lack of a right to use such Proprietary Rights would not have any material impact on the Bank. No charges, claims or litigation have been asserted or, to the Company’s Knowledge,
threatened against the Bank or its Subsidiaries contesting the right of the Bank or its Subsidiaries to use, or the validity of, any of the Proprietary Rights used in the conduct of Business as currently conducted or challenging or questioning the
validity or effectiveness of any license or agreement pertaining thereto or asserting the misuse thereof, and, to the Company’s Knowledge, no valid basis exists for the assertion of any such charge, claim or litigation. All licenses and other
agreements to which the Bank or its Subsidiaries is a party relating to Proprietary Rights are in full force and effect and constitute valid, binding and enforceable obligations of the Bank, subject to bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles, as the case may be, and there have not been and there currently are not any defaults (or any event
which, with notice or lapse of time, or both, would 

  
 27 

 
constitute a default) by the Bank or its Subsidiaries under any license or other agreement affecting Proprietary Rights used in the conduct of the Business as currently conducted, except for
defaults, if any, which would not have any material impact on the Bank or would arise from the filing of the Bankruptcy Case. The validity, continuation and effectiveness of all licenses and other agreements relating to the Proprietary Rights used
in the conduct of Business as currently conducted and the current terms thereof will not be affected by the transactions contemplated by this Agreement. Section 3.16 of the Disclosure Schedule sets forth a true and complete list of all
registrations and applications for registration of Proprietary Rights owned by the Bank or its Subsidiaries. 
 3.17 Related
Party Transactions.  
 (a) Except as set forth on Section 3.17 of the Disclosure Schedule and as part of the
normal and customary terms of an individual’s employment or service as a director, neither the Bank nor its Subsidiaries is now or has since January 1, 2009, been involved, directly or indirectly, in any business arrangement or other
relationship (as debtor, creditor, guarantor or otherwise), Contract for goods or services, lease or other transaction or agreement with (x) the Company or any of its Affiliates (other than the Bank or its Subsidiaries), any director or officer
of the Company or any of its Affiliates (including the Bank and its Subsidiaries), any stockholder owning 5% or more of the outstanding Common Stock of the Company or, to the Knowledge of the Company, any Affiliate or “associate” or member
of the “immediate family” (as such terms are respectively defined in Rule 12b-2 and Rule 16a-l of the Securities Exchange Act of 1934) of any such director, officer or stockholder, or (y) to the Knowledge of the Company, and other
than credit and consumer banking transactions in the Ordinary Course of Business, any employee of the Company or any of its Affiliates (including the Bank and its Subsidiaries) who is not an officer, or any Affiliate, or “associate” or
member of the “immediate family” of any such employee. 
 (b) The Bank and its Subsidiaries are in material compliance
with Sections 23A and 23B of the Federal Reserve Act, its implementing regulations, and the Federal Reserve Board’s Regulation O. 
 3.18 Community Reinvestment Act. The Company has no Knowledge of, has not been advised of, and has no reason to believe that any facts or circumstances exist that would cause the Bank to be deemed
not to be in satisfactory compliance in any material respect with the Community Reinvestment Act (“CRA”) or to be assigned a rating for CRA purposes by federal or state bank regulators of lower than “satisfactory.”

 3.19 Anti-money Laundering. The Company has no Knowledge of, has not been advised of, and has no reason to believe
that any facts or circumstances exist that would cause the Bank or its Subsidiaries to be operating in violation in any material respect of the Bank Secrecy Act, the USA PATRIOT Act of 2001, (the “USA PATRIOT Act”), any order issued
with respect to anti-money laundering by the U.S. Department of the Treasury’s Office of Foreign Assets Control, or any other applicable anti-money laundering statute, rule or regulation or any license, order or regulation issued with respect
to economic sanctions programs by the U.S. Department of the Treasury’s Office of Foreign Assets Control, or that the Bank or its Subsidiaries is under investigation with respect to or has been threatened to be charged with or given notice of
any violation of any of the foregoing. The Bank’s Board of Directors has adopted and implemented an anti-money laundering program that contains adequate and appropriate customer identification verification procedures that comply with
Section 326 of the USA PATRIOT Act and that meets the requirements in all material respects of Section 352 of the USA PATRIOT Act. 

  
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 3.20 Customer Information Security. Except as set forth on Section 3.20
of the Disclosure Schedule, since January 1, 2009, there has been no unauthorized disclosure of, or access to any non-public personal information of a customer of the Bank or its Subsidiaries that could result in substantial harm or
inconvenience to such customer. The Company has no Knowledge of, has not been advised of, and has no reason to believe that any facts or circumstances exist that would cause the Bank or its Subsidiaries to be deemed not to be in satisfactory
compliance in any material respect with the applicable privacy of customer information requirements contained in any federal and state privacy laws and regulations, including, without limitation, in Title V of the Gramm-Leach-Bliley Act of 1999 and
regulations promulgated thereunder, as well as the provisions of any information security program adopted by the Bank pursuant to 12 C.F.R. Part 170. 
 3.21 Loan Portfolio.  
 (a) Section 3.21(a)(i) of the
Disclosure Schedule sets forth (i) the aggregate outstanding principal amount, as of September 30, 2012, of all loan agreements, notes or borrowing arrangements (including mortgage loans, leases, credit enhancements and participations)
payable to Bank or its Subsidiaries (collectively, the “Loans”), other than “non-accrual” Loans, and (ii) separately, the aggregate outstanding principal amount, as of the date hereof, of all “non accrual”
Loans. Except as listed on Section 3.21(a)(ii) of the Disclosure Schedule, as of the date hereof, neither the Bank nor its Subsidiaries had any outstanding Loan or asset classified as “Other Real Estate Owned” or that
was designated internally by the Bank or its Subsidiaries (or, to the Company’s Knowledge, by a Governmental Authority in an examination report or directive) as “special mention,” “substandard,” “doubtful,”
“loss” or words of similar import (any of the foregoing Loans or assets, “Criticized Assets”). Section 3.21(a)(iii) of the Disclosure Schedule sets forth (x) a summary of Criticized Assets as of the date
hereof, by category of Loan (e.g., commercial and consumer), together with the aggregate principal amount of such Loans by category and (y) each asset of the Bank or its Subsidiaries that, as of the date hereof, is so classified. In addition,
subject to the disclosures set forth on Section 3.21(a)(iv) of the Disclosure Schedule, to the Company’s Knowledge, no borrower with respect to a Loan has (i) filed, or consented by answer or otherwise to the filing against it
of, a petition for relief or reorganization or arrangement or any other petition in bankruptcy, for liquidation or to take advantage of any bankruptcy or insolvency law of any jurisdiction, (ii) to the Knowledge of the Company, made an
assignment for the benefit of its creditors, (iii) to the Knowledge of the Company, consented to the appointment of a custodian, receiver, trustee, liquidator or other officer with similar power over itself or any substantial part of its
property, (iv) been adjudicated insolvent, or (v) taken action for the purpose of authorizing any of the foregoing. The Bank or its Subsidiaries, as applicable, has good, valid and marketable title to all properties and assets reflected in
Section 3.21(a)(ii) of the Disclosure Schedule that are classified as “Other Real Estate Owned”, free and clear from Encumbrances and any material obligations that would affect the value or transferability thereof. The
information (including electronic information and information contained on tapes and computer disks and the information set forth on Section 3.21(a) of the Disclosure Schedule referenced in this Section 3.21) with respect to
the Loans and Criticized Assets made available to Purchaser by the Company is, as of the respective dates indicated therein, true and complete in all material respects. 
 (b) Except as set forth on Section 3.21(b) of the Disclosure Schedule, each Loan (i) is evidenced by notes, agreements or other evidences of indebtedness which are true, genuine and what
they purport to be, (ii) to the extent purported to be secured, has been secured by valid liens and security interests which have been perfected and (iii) is the legal, valid and binding obligation of the obligor named therein, enforceable
in accordance with its terms (except as may be limited by bankruptcy, insolvency, moratorium, reorganization or similar laws affecting the rights of creditors generally and subject to general principles of equity). 

  
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 (c) Except as set forth on Section 3.21(c) of the Disclosure Schedule, neither
the Bank nor its Subsidiaries administers or services, or has in the past administered or serviced, any loan, note or borrowing not originated and owned by the Bank. Except as set forth on Section 3.21(c) of the Disclosure Schedule, no
loans, notes or borrowings have been originated by the Bank’s Subsidiaries. Except as set forth on Section 3.21(c) of the Disclosure Schedule, all Loans originated by the Bank were made and are administered or serviced, as
applicable, in accordance with customary lending standards of the Bank. Except as set forth on Section 3.21(c) of the Disclosure Schedule, all such Loans (and any related guarantees) and payments due thereunder are, and on the Closing
Date will be, free and clear of any Encumbrance, and each of the Bank and its Subsidiaries has complied in all material respects, and on the Closing Date will have complied in all material respects, with all applicable loan policies and procedures
of the Bank and applicable laws and regulations relating to such Loans, including any applicable laws and regulations with respect to documentation in connection with the origination, processing, underwriting (including credit approval), purchase
and servicing of mortgage loans, real estate settlement procedures, consumer protection, truth in lending, fair housing, transfers of servicing, collection practices, equal credit opportunity and adjustable rate mortgages, and the terms and
provisions of any mortgage or other collateral documents and other loan documents with respect to such Loans, including any agreements between the Company, the Bank and any Mortgage Finance Agency. 

(d) Except as set forth in Section 3.21(d)(i) of the Disclosure Schedule, neither the Bank nor its Subsidiaries has, at any
time since January 1, 2009, purchased or sold any loans or advances or any participations therein. Except as set forth in Section 3.21(d)(ii) of the Disclosure Schedule, neither the Bank nor its Subsidiaries has, at any time since
January 1, 2009, sold any assets of the Bank’s or its Subsidiaries’ with recourse of any kind to the Bank or its Subsidiaries, as applicable, or entered into any agreement providing for the sale or servicing of any Loan or other asset
which constitutes a “recourse arrangement” under applicable regulation or policy promulgated by a Governmental Authority except, in each case, where neither the Bank nor its Subsidiaries has any ongoing liability or exposure. Except as set
forth in Section 3.21(d)(iii) of the Disclosure Schedule, neither the Bank nor its Subsidiaries has, at any time since January 1, 2009, received a request to repurchase any loan or advance or participation therein, or any other
asset, sold to a third party, nor has the Bank or its Subsidiaries been advised, at any time since January 1, 2009, by any third-party purchaser of any loan or advance or participation therein, or any other asset, that such purchaser intends to
request that the Bank or its Subsidiaries repurchase such loan or advance or participation therein, or other asset, and there is no basis for any of the foregoing. 
 (e) Except as set forth on Section 3.21(e) of the Disclosure Schedule, there is no pending or, to the Knowledge of the Company, threatened litigation with respect to any Loan which could
adversely affect the rights of the Bank to enforce such Loan or the Bank’s rights with respect to any related property. 

3.22 Qualification as Mortgage Lender, Originator and Servicer. Except as set forth on Section 3.22 of the Disclosure
Schedule: 
 (a) The Bank and each of its Subsidiaries that participates as a seller or servicer of Mortgage Loans in any
program administered by a Mortgage Finance Agency is an approved mortgagee or servicer of such Mortgage Finance Agency, as applicable, and meets in all material respects all requirements of Law so as to be eligible to originate, purchase, hold or
service, as applicable, Mortgage Loans; 
 (b) The Bank and each of its Subsidiaries is in compliance in all material respects
with all eligibility requirements under any correspondent or servicing arrangement pursuant to which the Bank or any of its Subsidiaries originates or services Mortgage Loans, and has never been since January 1, 2009 subject to any fine,
suspension, settlement or other agreement or other administrative agreement or sanction by, or any reduction in any loan purchase commitment from any Mortgage Finance Agency relating to the origination, sale or servicing of Mortgage Loans or
consumer Loans. 

  
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 3.23 Servicing.  

(a) Section 3.23(a) of the Disclosure Schedule contains a true, correct and complete listing of each Contract pursuant to
which, as of September 30, 2012, the Bank or any of its Subsidiaries services Mortgage Loans (collectively, “Serviced Mortgage Loans”), whether as servicer, special servicer, sub-servicer, master servicer or otherwise (the
“Servicing Contracts”). 
 (b) Section 3.23(b) of the Disclosure Schedule contains a true, correct
and complete list of each pooling, participation or Servicing Contract to which the Bank or any of its Subsidiaries is a party as of September 30, 2012 that obligates the Bank or any of its Subsidiaries to make servicing advances with respect
to defaulted or delinquent Mortgage Loans or consumer receivables other than out of proceeds from the sale of the related collateral or from related insurance policies. 
 (c) Neither the Bank nor any if its Subsidiaries is responsible or otherwise liable to any Person under any Servicing Contract for any Liabilities sustained by such Person arising out of any foreclosure
of any Mortgaged Property or the acquisition and subsequent holding or disposition of Mortgaged Property (including, without limitation, third-party expenses such as attorney’s fees and restoration expenses) except to the extent that such
Losses are attributable to the Bank’s or its Subsidiaries’ failure to perform servicing as required by the Servicing Contracts after the Closing Date. 
 (d) The servicing of each Serviced Mortgage Loan complies, in all material respects, with the terms of any applicable program of the Mortgage Finance Agency, Law or Servicing Contract and all applicable
documents relating to such Serviced Mortgage Loan. 
 (e) Except as set forth on Section 3.23(e) of the Disclosure
Schedule: 
 (i) neither the Bank nor any if its Subsidiaries, as servicer of any Serviced Mortgage Loan, has any repurchase
obligations with respect to such Serviced Mortgage Loan, other than in connection with breaches of representations, warranties and covenants relating to the servicing thereof; 

(ii) neither the Bank nor any if its Subsidiaries, as seller of any Mortgage Loan, has any repurchase obligations with respect to such
Mortgage Loan, other than in connection with breaches of representations and warranties relating to the origination thereof; and 
 (iii) there is no pending or, to the Knowledge of the Company, threatened, cancellation of any Servicing Contract, and neither the Bank nor any if its Subsidiaries has received any written notice to the
effect that any party to any Servicing Contract intends to cease doing business with the Bank or any of its Subsidiaries. 

3.24 Brokers or Finders. Except for the Broker’s Fees disclosed in Schedule 5.8 to the Original Agreement, neither the
Company nor the Bank nor its Subsidiaries, nor any of their representatives, have incurred any Liability for brokerage or finders’ fees or agents’ commissions or other similar payments in connection with the Contemplated Transactions.

 3.25 Disclaimer of Other Representations and Warranties. EXCEPT AS EXPRESSLY SET FORTH IN THIS ARTICLE 3, THE COMPANY
MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AT LAW OR IN EQUITY, IN RESPECT OF THE SHARES OR THE OTHER PURCHASED ASSETS AND ANY SUCH OTHER REPRESENTATIONS OR WARRANTIES ARE HEREBY EXPRESSLY DISCLAIMED. THE PURCHASER HEREBY ACKNOWLEDGES
AND AGREES THAT, EXCEPT TO THE EXTENT SPECIFICALLY SET FORTH IN THIS ARTICLE 3, THE PURCHASER IS PURCHASING THE SHARES AND THE OTHER PURCHASED ASSETS ON AN “AS-IS, WHERE-IS” BASIS. 

  
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 ARTICLE 4 
 REPRESENTATIONS AND WARRANTIES OF THE PURCHASER 
 The Purchaser
hereby makes the following representations and warranties to the Purchaser as of the Original Agreement Date and as of the Closing Date; provided that those representations and warranties which address matters only as of a particular earlier date
shall be required to be true and correct only on such date. 
 4.1 Corporate Status and Authority; Non-contravention. 

 (a) Status of the Purchaser. The Purchaser is a corporation duly organized, validly existing and in good standing
under the laws of the State of Michigan, and has the corporate power to own its property and conduct its business in the manner in which such business is now being conducted and, subject to the receipt of the Purchaser Required Approvals, has full
power and capacity to enter into this Agreement, carry out the Contemplated Transactions to which it is a party, and duly observe and perform all its obligations contained in this Agreement. 

(b) Due Authorization. The execution and delivery of this Agreement and the completion and performance of the transactions and
obligations contemplated by or contained in this Agreement have been duly authorized by all necessary organizational or corporate action on the part of the Purchaser, and this Agreement has been duly executed and delivered by the Purchaser and
constitutes a legal, valid and binding obligation of the Purchaser, and, subject to the approval of the Bankruptcy Court, is enforceable in accordance with its respective terms. 

(c) Non-contravention. Neither the execution and delivery of this Agreement nor the completion and performance of the Contemplated
Transactions will (i) contravene any of the provisions of the Charter Documents of the Purchaser, or (ii) result in a material breach of or material default under, or contravene, any material indenture, contract, agreement or instrument to
which the Purchaser is a party or by which the Purchaser is bound. 
 4.2 Governmental Authorizations. Except for the
filing of applications and notices with, and the receipt of consents, authorizations, approvals, exemptions or non-objections from, as applicable, the Governmental Authorities set forth on Schedule 4.2 to the Original Agreement (the
“Purchaser Required Approvals”), no consents, or approvals of or filings or registrations with any Governmental Authority are necessary on the part of the Purchaser or its Affiliates in connection with the execution and delivery by
the Purchaser of this Agreement and the consummation by the Purchaser of the Contemplated Transactions. As of the Original Agreement Date, the Purchaser knows of no reason specifically related to the Purchaser why any of the Purchaser Required
Approvals should not be obtained or that any of the Purchaser Required Approvals should not be granted without imposition of a Burdensome Condition. 
 4.3 Investment Intent. The Purchaser is acquiring the Shares for its own account and not with the view toward distribution within the meaning of Section 2(a)(11) of the Securities Act of 1933,
as amended, other than in compliance with all applicable Legal Requirements, including United States federal securities laws. 

  
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 4.4 Sufficient Funds. The Purchaser has committed sources of funds to provide, as of
the Closing Date, sufficient funds to pay the Cash Purchase Price and effect the Equity Contribution. 
 4.5
Non-reliance. The Purchaser acknowledges and agrees that in entering into this Agreement it has not relied and is not relying on any representations, warranties or other statements whatsoever, whether written or oral (from or by the Bank, the
Company or any Person acting on their behalf) other than those expressly set out in this Agreement (or other related documents referred to herein) and that it will not have any right or remedy rising out of any representation, warranty or other
statement not expressly set out in this Agreement. 
 4.6 Litigation and Claims. There are no current, pending or, to the
knowledge of the Purchaser, threatened Proceedings against or relating specifically to the Purchaser that would reasonably be expected to materially interfere with or delay any of the Contemplated Transactions. There is no material Order or
regulatory restriction imposed upon or relating specifically to the Purchaser or that would reasonably be expected to materially interfere with or delay any of the Contemplated Transactions. 

ARTICLE 5 

PRE-CLOSING MATTERS AND OTHER COVENANTS  
 5.1 Operations until Closing. Except as expressly otherwise provided in this Agreement or as may be otherwise required by any Governmental Authority having jurisdiction of the Bank or the Company,
or by the Bankruptcy Court or the Bankruptcy Code, unless otherwise agreed or consented to in writing by the Purchaser, which agreement or consent shall not be unreasonably withheld or delayed, from the Original Agreement Date to the Closing:

 (a) Conduct of Business. The Company shall cause the Bank and its Subsidiaries to: (i) subject to the provisions of
the Bankruptcy Code and the supervision of the Bankruptcy Court, carry on and conduct the Business in all material respects in the Ordinary Course; (ii) use commercially reasonable efforts to maintain and preserve intact its business
organization and advantageous business relationships with, but not limited to, customers, suppliers and employees, and retain the services of its key officers and key employees; (iii) take no action that is intended to or would reasonably be
expected to adversely affect or materially delay the ability of the Company, the Bank or the Purchaser to obtain any necessary approvals of any Governmental Authority required for the Contemplated Transactions or to perform its covenants and
agreements under the Agreement or to consummate the Contemplated Transactions; (iv) maintain its Books and Records in the usual, regular and ordinary manner; (v) continue to respond to requests and participate in investigations or respond
to inquiries from Governmental Authorities regarding or relating to the Company, the Bank or their respective directors and employees; and (vi) provide to the Purchaser and its employees, representatives and agents, full access during normal
business hours to the Bank’s and its Subsidiaries’ personnel and its facilities and properties, to the Books and Records, and to all, or true copies of all, title documents, indentures, Contracts, Encumbrances, instruments, leases and
other documents relating to the Business, and furnish them with all such information relating to the Business as the Purchaser from time to time reasonably requests and instruct the employees, counsel and financial advisors of the Company and the
Bank to cooperate with Purchaser in its investigation; provided that (A) all such materials shall be made available to the Purchaser and its employees, representatives and agents at the premises of the Bank and may not be removed therefrom
without consent, and (B) in exercising such access rights, the Purchaser and its employees, representatives and agents shall not unduly disturb or interfere with the activities of the Company, the Bank or the Bank’s customers. No
investigation by Purchaser or other information received by Purchaser shall operate as a waiver or otherwise affect any representation, warranty or agreement given or made by the Company hereunder. 

  
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 (b) Bank Forbearances. The Company shall not and shall cause the Bank and its
Subsidiaries not to, except with the written consent of the Purchaser: 
 (i) enter into any new line of business or materially
change its lending, investment, underwriting, risk and asset liability management, and other banking and operating policies, except as required by any applicable Legal Requirement or policies imposed by any Governmental Authority, or fail to operate
in accordance with such policies; 
 (ii) make any capital expenditures in excess of Five Hundred Thousand Dollars ($500,000)
individually or One Million Dollars ($1,000,000) in the aggregate, other than as required pursuant to Contracts already entered into and disclosed in Section 5.1(b)(ii) of the Disclosure Schedule (with respect to this clause (ii), the
Purchaser agrees that it will either give or deny any requested consent no later than three (3) Business Days after the Purchaser has received a written request therefor (which request shall be provided in accordance with
Section 9.2) together with all material information relating thereto; provided, however, if Purchaser does not affirmatively deny the Company’s request within three (3) Business Days after Purchaser has received a written
request therefor together with all material information relating thereto, Purchaser’s consent shall be deemed to have been given and the action taken by the Company or the Bank under this clause (ii) shall not be the basis for any Material
Adverse Effect); 
 (iii) other than as provided in this Agreement, terminate, enter into, amend, modify or renew any Benefit
Arrangement, Bank Significant Agreement or Permit, other than in the Ordinary Course of Business, or amend or modify any Tax sharing agreements or any Contracts with the Broker; 

(iv) issue, sell or otherwise permit to become outstanding, or dispose of or encumber or pledge, or authorize or propose the creation
of, any additional shares of the Bank’s or its Subsidiaries’ stock or any additional options or other rights, grants or awards with respect to the Bank’s or its Subsidiaries’ stock; 

(v) make, declare, pay or set aside for payment any dividend on or in respect of, or declare or make any distribution on any shares of
its capital stock; 
 (vi) sell, transfer, mortgage, encumber or otherwise dispose of or discontinue any of its assets,
deposits, businesses or properties, except for mortgages in the Ordinary Course of Business; 
 (vii) incur any indebtedness
for borrowed money or issue any debt securities or assume, guarantee or endorse, or otherwise become responsible for the obligations of, any other Person, provided that the Bank may continue to borrow money from the Federal Home Loan Bank System,
the Federal Reserve or any other Governmental Authority in a manner (including amounts) consistent with past practice; 

(viii) except as set forth in Section 5.1(b)(viii) of the Disclosure Schedule, make, renew or amend any extension of credit
or participation therein, individually or in the aggregate with other extensions of credit or participations therein to the same relationship, in excess of Seven Hundred Fifty Thousand Dollars ($750,000); provided that the Bank may make, renew or
amend any extension of credit in the Ordinary Course of Business and consistent with past practice if, with respect to a pre-existing relationship with a borrower, (A) there has been no material adverse change in the relationship with such
borrower, or (B) there has been such a material adverse change but the Bank is 

  
 34 

 
attempting to mitigate loss with respect to the borrower in the Ordinary Course of Business and consistent with past practice (with respect to this clause (viii), the Purchaser agrees that it
will either give or deny any requested consent no later than three (3) Business Days after the Purchaser has received a written request therefor (which request shall be provided in accordance with Section 9.2) together with all
material information relating thereto; provided, however, if Purchaser does not affirmatively deny the Company’s request within three (3) Business Days after Purchaser has received a written request therefor together with all material
information relating thereto, Purchaser’s consent shall be deemed to have been given and the action taken by the Company or the Bank under this clause (viii) shall not be the basis for any Material Adverse Effect); 

(ix) except as set forth in Section 5.l(b)(ix) of the Disclosure Schedule, (A) resolve, amend or modify any Loan, or
release any claim with regard to any Loan or any asset classified as “Other Real Estate Owned” except, in either case, in the Ordinary Course and only if such action would result in a loss (relative to the value of the relevant Loan as of
June 30, 2012 as set forth in the June 30 Balance Sheet) not greater than Two Hundred Fifty Thousand Dollars ($250,000) for such Loan or (B) sell any asset classified as “Other Real Estate Owned” except in the Ordinary
Course and only if such action would result in a loss (relative to the value of the relevant asset as of June 30, 2012 as set forth in the June 30 Balance Sheet) not greater than 5% of such value of such asset as of June 30, 2012
(with respect to this clause (ix), the Purchaser agrees that it will either give or deny any requested consent no later than three (3) Business Days after the Purchaser has received a written request therefor (which request shall be provided in
accordance with Section 9.2) together with all material information relating thereto; provided, however, if Purchaser does not affirmatively deny the Company’s request within three (3) Business Days after Purchaser has received
a written request therefor together with all material information relating thereto, Purchaser’s consent shall be deemed to have been given and the action taken by the Company or the Bank under this clause (ix) shall not be the basis for
any Material Adverse Effect); 
 (x) enter into, renew or amend any interest rate swaps, caps, floors and option agreements and
other interest rate risk management arrangements, whether entered into for the account of it or for the account of a customer of it, except in the Ordinary Course of Business and consistent with past practice; 

(xi) acquire (other than by way of foreclosures, acquisitions of control in a fiduciary or similar capacity, acquisitions of loans or
participation interests, or in satisfaction of debts previously contracted in good faith, in each case in the Ordinary Course of Business and consistent with past practice) all or any portion of the assets, business, deposits or properties of any
other Person (including Loans or advances or any participations therein); 
 (xii) merge or consolidate with or into any legal
entity, dissolve, liquidate, or otherwise terminate its existence; 
 (xiii) file any application to establish, relocate or
terminate the operations of any banking office; 
 (xiv) except as set forth in Schedule 5.1(b)(xiv) of the Disclosure
Schedule, amend its Charter Documents or similar organizational documents or otherwise add, amend or modify in any respect the duties or obligations of indemnification by the Bank or its Subsidiaries with respect to any of their respective current
or former directors, officers, employees, agents or other Persons; 
 (xv) implement or adopt any change in its accounting
principles, practices or methods, other than as may be required by GAAP or applicable accounting requirements of a Governmental Authority; 

  
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 (xvi) make, change or revoke any Tax election, file any amended Tax Return (unless to
correct an error with the prior written consent of the Purchaser, such consent not to be unreasonably withheld or delayed), enter into any closing agreement, settle any Tax audit, claim or assessment, surrender or reduce any right to claim a refund
of Taxes, agree to extend any statute of limitations relating to Taxes (except with respect to the routine extension of deadlines for the original filing of Tax Returns), fail to duly and timely file with appropriate taxing authorities all Tax
Returns required to be filed by or with respect to the Bank or its Subsidiaries or fail to remit any Taxes due, whether or not shown on any Tax Return; 
 (xvii) settle any action, suit, claim or proceeding against the Bank or its Subsidiaries, except for any settlement of (A) any action, suit, claim or proceeding arising out of or in connection with
this Agreement or the Contemplated Transactions but only if such settlement would not reasonably be expected to (1) adversely affect the Bank or its Subsidiaries or the Business or, after the Closing, Purchaser or its Affiliates, or
(2) interfere with or delay any of the Contemplated Transactions; or (B) any other action, suit, claim or proceeding that is settled in a manner consistent with past practice in an amount or for consideration not in excess of Five Hundred
Thousand Dollars ($500,000) that would not (1) impose any material restriction on the Business after the Closing, the Purchaser or its Affiliates or (2) create precedent for claims that are reasonably likely to be material to the Bank or,
after the Closing, to the Purchaser or its Affiliates; 
 (xviii) initiate any action, suit, proceeding or claim, except in the
Ordinary Course; provided, however, that the Bank shall provide the Purchaser with prior written notice of such actions, suits, proceedings or claims in the Ordinary Course in excess of Five Hundred Thousand Dollars ($500,000); 

(xix) other than contemplated in this Agreement, terminate, enter into, amend, modify (including by way of interpretation) or renew any
employment, consulting, severance, indemnification, change in control or similar contract, agreement or arrangement with any current or former director, officer, employee or consultant, or grant any salary or wage increase or increase any employee
benefit, including incentive or bonus payments (or, with respect to any of the preceding, communicate any intention to take such action), except to make changes that are required by this Agreement, any applicable Legal Requirements or written
contractual obligations; 
 (xx) except as provided in Section 5.30 hereof, terminate, enter into, establish,
adopt, amend, modify (including by way of interpretation), make new grants or awards under or renew any Benefit Arrangement, except (A) as required by applicable Legal Requirements, (B) to satisfy contractual obligations existing as of the
date hereof described in Section 5.1(b)(xx) of the Disclosure Schedule or (C) make retention payments to employees pursuant to obligations existing on the Original Agreement Date; 

(xxi) reimburse, refund or otherwise make payments to any current or former director, officer or employee of the Company, except for the
payment of salaries or the reimbursement of expenses in the Ordinary Course, the payments to directors under the First Place Bank Directors’ Deferred Compensation Plan (the “Deferred Compensation Plan”) and the payment and
advancement of expenses to directors and employees of the Bank in connection with investigations by or inquiries from Governmental Authorities, the Contemplated Transactions or third party claims; 

(xxii) (A) hire any employees other than to fill vacancies arising due to terminations of employment of employees with an annual
base compensation of less than One Hundred Thousand Dollars ($100,000), or (B) terminate the employment of any employees with an annual base 

  
 36 

 
compensation of One Hundred Thousand Dollars ($100,000) or more other than for cause) (with respect to this clause (xxii), the Purchaser agrees that it will either give or deny any requested
consent no later than three (3) Business Days after the Purchaser has received a written request therefor (which request shall be provided in accordance with Section 9.2) together with all material information relating thereto;
provided, however, if Purchaser does not affirmatively deny the Company’s request within three (3) Business Days after Purchaser has received a written request therefor together with all material information relating thereto,
Purchaser’s consent shall be deemed to have been given and the action taken by the Company or the Bank under this clause (xxii) shall not be the basis for any Material Adverse Effect); 

(xxiii) (A) grant, extend, amend (except as required in the diligent prosecution of the Proprietary Rights owned (beneficially, and
of record where applicable) by or developed for the Bank or its Subsidiaries), waive, or modify any material rights in or to, sell, assign, lease, transfer, license, let lapse, abandon, cancel, or otherwise dispose of, or extend or exercise any
option to sell, assign, lease, transfer, license, or otherwise dispose of, any Proprietary Rights, or (B) fail to exercise a right of renewal or extension under any material agreement under which the Bank is licensed or otherwise permitted by a
third party to use any Proprietary Rights (other than “shrink wrap” or “click through” licenses), unless the Company obtains a substantially similar license or right to use such Proprietary Rights on terms as favorable as the
terms under the existing agreement; 
 (xxiv) participate in any program sponsored or administered by any Governmental
Authority, which program is not part of the usual and customary banking business of the Bank; 
 (xxv) engage in (or modify in
a manner adverse to the Bank) any transactions with any Person known to be a stockholder owning 1% or more of the outstanding Common Stock of the Company or any director or officer of the Company or the Bank (or any Affiliate of any such person),
other than deposit relationships in the Ordinary Course of Business and extensions of credit which are on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with persons
unaffiliated with the Company or the Bank and did not involve more than the normal risk of collectability or present other unfavorable features; 
 (xxvi) notwithstanding any other provision hereof, knowingly take, or knowingly omit to take, any action that would result in any of the conditions set forth in Section 6 not being satisfied,
or any action that would result in any of the representations and warranties of the Company in this Agreement becoming untrue or prevent the Company from performing its obligations under this Agreement or consummating the Closing; or 

(xxvii) enter into any contract with respect to, or otherwise agree or commit to do, any of the foregoing. 

5.2 Confidentiality. Each party acknowledges that any information, materials and documentation it receives or observes pursuant to
or as contemplated by the Contemplated Transactions, either before or after the Original Agreement Date, is confidential; provided, however, that the foregoing shall not include information which (a) is or becomes available to the public other
than as a result of a disclosure by the recipient party, (b) was known to the recipient party or in its possession prior to its disclosure to the recipient party, (c) becomes available to the recipient party from a source other than the
disclosing party, provided that such source is not known by the recipient party to be bound by a confidentiality agreement with the disclosing party and is not otherwise prohibited from transmitting the information to the recipient party by a
contractual, legal or fiduciary obligation, or (d) is or was developed independently by the recipient party without reference to confidential information provided by the 

  
 37 

 
disclosing party. Each party shall take, and shall cause its employees, representatives and agents to take, all reasonable steps and precautions to protect and maintain the confidentiality of
such information, materials and documentation; provided that, (i) the foregoing will not prevent the Company or the Purchaser from disclosing or making available such information (A) to its and its Affiliates’ respective directors,
officers, employees, members, partners, agents, representatives or advisors (including, without limitation, attorneys, accountants, insurers, rating agencies, consultants, bankers and financial advisors), any such information, materials and
documentation on a confidential basis for the purpose of carrying out the Contemplated Transactions, (B) to the extent required by a Legal Requirement or (C) in connection with obtaining the Required Purchaser Approvals or discussions with
supervising Governmental Authorities; and provided further that, (ii) (A) the obligations of the Purchaser under this Section 5.2 shall terminate at Closing with respect to matters relating to the Bank, its Subsidiaries or the
Business, and (B) from and after Closing, the Company will treat all information, materials and documentation of or relating to the Bank, its Subsidiaries or the Business as confidential in accordance herewith and notwithstanding clause (b),
(c) or (d) of the proviso to the first sentence of this Section 5.2. 
 5.3 Return of Information.
If the Closing is not completed and this Agreement is terminated, each party shall, upon the written request of the other party, return to the other party or destroy (such destruction to be confirmed in writing to the other party upon written
request) all materials, documentation, data, records and other papers and copies thereof (whether on paper or in electronic, magnetic, photographic, mechanical or optical storage) relating to the Purchaser or its Affiliates or to the Company, the
Bank, the Shares or the Business which is confidential and which is in the possession of such party and maintain the confidentiality of all information or knowledge obtained from the other party, and not use any such information or knowledge for any
purpose whatsoever; provided that, a party may maintain such information to the extent required by applicable Legal Requirements or such party’s established document retention policies (including any requirement to retain e-mail on an automated
e-mail archival system) or relating to the safeguarding or backup storage of electronic data or in connection with a legal dispute with the other party. 
 5.4 Consents and Approvals.  
 (a) Purchaser Required Approvals. The
Purchaser and the Company agree to use commercially reasonable best efforts to obtain all Purchaser Required Approvals, and to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable under
any applicable Legal Requirement to consummate the Contemplated Transactions. For the avoidance of doubt, none of the foregoing obligations shall require the Purchaser or any of its Affiliates to take any action that would result in the imposition
of a Burdensome Condition. 
 (b) Preparation of Applications. The Purchaser has previously filed all required filings in
order to obtain the Purchaser Required Approvals as described in the Original Agreement. As promptly as practicable following the execution and delivery of this Agreement, but in no event later than ten (10) Business Days thereafter, the
Purchaser, with the cooperation of the Company, shall cause to be published all additional required notices and prepare all necessary documentation and effect all necessary filings in order to obtain the Purchaser Required Approvals which are
necessitated as a result of the modifications to the Original Agreement as set forth herein. The Purchaser and the Company will cooperate with each other and will each furnish the other and the other’s counsel with all information concerning
themselves, their Subsidiaries, directors, officers and stockholders and such other matters as may be reasonably necessary or advisable in connection with any application, petition or any other statement or application made by or on behalf of the
Purchaser, the Company or their respective Subsidiaries to any Governmental Authority in connection with the Contemplated Transactions. The Purchaser and the Company shall have the right to review and approve in advance all characterizations of the
information relating to them and any of their respective Subsidiaries which appear in any filing made, 

  
 38 

 
or written materials submitted, in connection with the Contemplated Transactions with any Governmental Authority. Notwithstanding anything herein to the contrary, the Purchaser shall not be
required to furnish the Company with any (i) personal biographical or financial information of any of the directors, officers, employees, managers or partners of the Purchaser or any of its Affiliates, or (ii) proprietary and non-public
information related to the organizational terms of, or investors in the Purchaser or any of its Affiliates. In addition, nothing herein shall require the Purchaser or any of its Affiliates to take any action that would result in the imposition of a
Burdensome Condition. 
 (c) Submission of Applications for Purchaser Required Approvals. The Purchaser and the Company
shall use their commercially reasonable best efforts to: 
 (i) cooperate in all respects with each other in connection with
any filing or submission and in connection with any investigation or other inquiry relating to the Purchaser Required Approvals, including, but not limited to, the Purchaser, the Company and their respective Subsidiaries cooperating and using
commercially reasonable best efforts to make, on a timely basis, all registrations, filings and applications with, give all notices to, and obtain any approvals, orders, qualifications and waivers from a Governmental Authority necessary for the
consummation of the transactions contemplated hereby; provided, however, that neither the Company or any of its Affiliates nor the Purchaser or any of its Affiliates shall be required to commence or be a plaintiff in any litigation in connection
with any such registration, filing, application, notice, approval, order, qualification or waiver or take any action that would result in the imposition of a Burdensome Condition; 

(ii) subject to any Legal Requirement, permit each other to review and discuss in advance, and consider in good faith the views of the
other in connection with, any proposed written communication (or other correspondence or memoranda) between any such party and any Governmental Authority relating to the other party; and 

(iii) subject to any Legal Requirement, promptly inform each other of and supply to each other any written communication (or other
correspondence or memoranda) submitted to (except to the extent such submission is confidential), or received by them from, any Governmental Authority, in each case regarding any of the Contemplated Transactions, except to the extent that such
communication relates to the information described in the next to last sentence of Section 5.4(b). 
 (d) Access
and Investigation. Without in any way limiting anything else contained in this Agreement, the Company shall, in connection with the procurement of any and all Purchaser Required Approvals, permit Purchaser and its representatives reasonable
access to the properties and personnel of the Company and its Subsidiaries, and shall disclose and make available to Purchaser and its representatives all books, papers and records relating to the assets, stock ownership, properties, operations,
obligations and liabilities of the Company and its Subsidiaries, including, without limitation, all books of account (including the general ledger), Tax records, minute books of meetings of boards of directors (and any committees thereof) and
stockholders, organizational documents, bylaws, material contracts and agreements, filings with any regulatory authority (except for any confidential portions thereof), accountants’ work papers, litigation files, loan files, plans affecting
employees and any other business activities or prospects; provided, that such access shall be reasonably related to the Contemplated Transactions hereunder and, in the reasonable opinion of the Company, not unduly interfere with normal operations or
violate any Legal Requirement. Without in any way limiting anything else contained in this Agreement, the Company and the Bank shall make their respective directors, officers, employees and agents and authorized representatives (including counsel
and independent public accountants) available to confer with the other party and their representatives; provided, that such access shall be reasonably related to the Contemplated Transactions and shall not unduly interfere with normal operations.

  
 39 

 5.5 Indemnification; D&O Insurance.  

(a) The Purchaser shall not adversely affect or diminish any of the Bank’s duties and obligations of indemnification to the extent
relating to acts or omissions prior to the Closing and existing immediately prior to the Closing Date in favor of the individuals who are entitled to indemnification arising by operation of any Legal Requirement in effect as of the date hereof,
including the indemnification agreement set forth on Schedule 5.5(a) to the Original Agreement (the “Indemnified Parties”). Such duties and obligations shall continue in full force and effect for so long as they would have
(but for the Contemplated Transactions) otherwise survived and continued in full force and effect. 
 (b) Prior to the Closing,
and subject to Section 6.1(i), the Purchaser shall cooperate with the Company and the Bank to procure a directors’ and officers’ liability insurance policy for the Bank’s directors and officers relating to acts arising
prior to Closing; provided, however, in no event shall the Purchaser be required to maintain such insurance following the expiration of its term or procure alternative insurance coverage after the Closing. 

5.6 Certain Company Contracts. On Schedule 5.6, the Purchaser lists all Bank Related Contracts that Purchaser may elect to
acquire in connection with the Sale (such Bank Contracts designated by Purchaser, the “Assumed Bank Related Contracts”). The Purchaser shall have, except as otherwise provided below, until that date which is five (5) Business
Days prior to the date scheduled for hearing on the entry of the Sale Order to designate which of such Contracts it wishes to assume and have the Company assume and assign to Purchaser at Closing (such date being referred to herein as the
“Contract Designation Date”). In all cases, appropriate additions and deletions to Schedule 5.6 shall be made to reflect such elections made by the Purchaser. The Company shall, prior to the Closing but during its Bankruptcy
Case, pursuant to Section 365 of the Bankruptcy Code, assume (and take all necessary actions, including the payment of cure costs up to the Cure Cost Ceiling, to effect assumption) and assign to the Bank the Assumed Bank Related Contracts so
identified by Purchaser; provided, however, that the Company’s cumulative obligation to pay cure costs associated with the assumption of any executory contracts transferred to Purchaser, including the Assumed Bank Related Contracts, shall not
exceed the Cure Cost Ceiling, with Purchaser assuming full responsibility for any cure costs in excess of the Cure Cost Ceiling. In connection with the Bankruptcy Case, the Company shall include in the Sale Motion, in form and substance acceptable
to Purchaser in its sole discretion, a request for authorization to assume and assign to the Bank the Assumed Bank Related Contracts. To the extent that, under any applicable non-bankruptcy Legal Requirement, any Assumed Bank Related Contract may
not be assigned to the Bank by the Company absent the wavier or consent of, or notice to, one or more Persons, the Company and the Purchaser shall use their commercially reasonable best efforts to obtain all such waivers or consents and to make all
such notices prior to the Closing and shall cooperate in all respects with respect thereto. Notwithstanding anything in this Agreement to the contrary, the only liabilities or obligations that will be assigned to or assumed by the Bank or the
Purchaser with respect to the Assumed Bank Related Contracts will be both: (i) the total amount of cure costs, in excess of the Cure Cost Ceiling, necessary to assume and assign any executory agreements, including Assumed Bank Related
Contracts, identified by Purchaser; and (ii) obligations that first arise after Closing. 
 5.7 Notice of Certain
Events. The Company shall promptly notify the Purchaser in writing of: 
 (a) any notice or other material written or oral
communication from any Person other than a Governmental Authority in connection with the Contemplated Transactions; 

  
 40 

 (b) any actions, suits, claims, investigations or proceedings commenced or, to its
Knowledge, threatened against, relating to or involving or otherwise affecting the Company or the Bank or its Subsidiaries that, if pending on the date hereof, would have been required to have been disclosed pursuant to Section 3.8 or
that could reasonably be expected to adversely affect or delay the Company’s ability to consummate any of the Contemplated Transactions; 
 (c) any circumstance, event or action the existence, occurrence or taking of which could reasonably be expected to result in any representation or warranty made by the Company in this Agreement not being
true and correct or that could reasonably be expected to cause any condition set forth in Section 6.1 or Section 6.3 not to be satisfied; and 
 (d) any failure of the Company to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it under this Agreement. 

No information received by the Purchaser pursuant to this Section 5.7 or otherwise shall operate as a waiver or otherwise affect any
representation, warranty or agreement given or made by the Company in this Agreement, nor shall any such information be deemed to change, supplement or amend the Disclosure Schedule. 

5.8 Payment of the Broker’s Fees. At the Closing, the Purchaser shall pay or shall cause the Bank to pay to the Broker the
Broker’s Fees in full satisfaction of all obligations of the Bank and the Purchaser in connection with the engagement letters or other agreements of the Company, the Bank or any other Subsidiaries with the Broker as set forth on Schedule 5.8
to the Original Agreement. 
 5.9 Stalking-Horse Bidder Fee. 

(a) In consideration for the Purchaser serving as the stalking-horse bidder and agreeing to effect the Equity Contribution in connection
with the Closing, and this Agreement being subject to termination in the event that the Company receives a higher and better bid consistent with the Bidding Procedures, provided this Agreement is not terminated prior to the Closing due to
Purchaser’s uncured breach and regardless of whether or not the Purchaser makes any matching or competing bids, the Company shall pay to the Purchaser a stalking-horse bidder fee in an amount equal to Three Million Dollars ($3,000,000) plus
actual and documented expenses in an amount not to exceed One Million Dollars ($1,000,000) (the “Stalking-Horse Bidder Fee”) on the first Business Day following the date of consummation of an Alternative Transaction. 

(b) The parties intend that the Stalking-Horse Bidder Fee shall be treated as an administrative expense in the Bankruptcy Case; provided
that, in no event will the Stalking-Horse Bidder Fee be paid in the absence of the entry of a sale order approving an Alternative Transaction. The Company acknowledges and agrees that: (i) the approval of the Stalking-Horse Bidder Fee is an
integral part of the transactions contemplated by this Agreement; (ii) in the absence of the Company’s obligation to pay the Stalking-Horse Bidder Fee, the Purchaser would not have entered into this Agreement; (iii) the entry of the
Purchaser into this Agreement is necessary for preservation of the estate of the Company and the Bank and is beneficial to the Company because, in the Company’s business judgment, it will enhance the Company’s ability to maximize the value
of its assets for the benefit of its creditors; (iv) the Stalking-Horse Bidder Fee is reasonable in relation to the Purchaser’s efforts and to the magnitude of the Contemplated Transactions and the Purchaser’s lost opportunities
resulting from the time spent pursuing the Contemplated Transactions; and (v) time is of the essence with respect to the entry of the Bidding Procedures Order by the Bankruptcy Court, approving, among other things, the process by which bids may
be solicited in connection with the sale of the Shares and the Other Purchased Assets (the “Bidding Procedures”). The Company’s agreement to pay the Stalking-Horse Bidder Fee is subject to Bankruptcy Court approval of this
Agreement, including without limitation approval of payment of the Stalking-Horse Bidder Fee, which approval shall be granted in the Bidding Procedures Order. 

  
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 5.10 Debtor in Possession. During the pendency of the Bankruptcy Case, the Company
shall continue to operate its business as a debtor in possession pursuant to the Bankruptcy Code. 
 5.11 The Sale
Motion. On or within two (2) Business Days following the Petition Date, the Company shall file a sale motion with the Bankruptcy Court (the “Sale Motion”), and such additional pleadings as may be necessary to support the
Sale Motion, requesting expedited relief and seeking the entry of the Sale Order and the following relief from the Bankruptcy Court in a form and substance reasonably acceptable to the Purchaser: 

(a) Approval of the Bidding Procedures and entry of the Bidding Procedures Order no later than fifteen (15) days following the
Petition Date; 
 (b) Scheduling the sale hearing (the “Sale Hearing”) to take place not less than thirty
(30) days following the entry of the final Bidding Procedures Order; 
 (c) Subject to the Bidding Procedures, approval of
the proposed asset purchase agreement between the Company and the Successful Bidder, as that term shall be defined in the Sale Order, including the Sale of the Shares and the Other Purchased Assets to such Successful Bidder and the equity
contribution to the Bank by such Successful Bidder contemplated thereby; 
 (d) Confirmation that the sale of the Shares and the
Other Purchased Assets to the Successful Bidder shall be free and clear of all Encumbrances; 
 (e) Confirmation that the
Company may assume and assign to the Bank all Assumed Bank Related Contracts, provided that the Company will not be obligated to, and will not, assume and assign to the Bank any Assumed Bank Related Contracts not desired by the Successful Bidder;

 (f) Confirmation that the Company may assume any Tax sharing agreements, and promptly transfer to the Bank any amounts of Tax
Refunds received from any Governmental Authority; 
 (g) Confirmation that the Company may assume any proceeds related to any
Assumed Bank Related Contract (including any such proceeds from any insurance claims to the extent relating to the Bank or its Subsidiaries), and promptly transfer to the Bank any such proceeds; 

(h) Confirmation that the Successful Bidder and the Company may cause the Closing to occur as soon as practicable after the entry of the
Sale Order; and 
 (i) Approval of findings of fact and conclusions of law reasonably similar, but not limited to, the
following: 
 (i) the Notice of Sale, and the parties who were served with copies of such Notice, were in compliance with
Sections 105 and 363 of the Bankruptcy Code and Bankruptcy Rules 2002, 6004, and 9014 and any other applicable provision of the Bankruptcy Code, the Bankruptcy Rules, or any local bankruptcy rule governing the sale of assets free and clear of
Encumbrances, or as directed by the Bankruptcy Court as long as the Bankruptcy Court finds that such notice is sufficient under the circumstances; 

  
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 (ii) all requirements imposed by Section 363(f) of the Bankruptcy Code for the sale of
the Shares free and clear of Encumbrances and the sale of the Other Purchased Assets free and clear of Encumbrances (other than Permitted Liens) have been satisfied; 
 (iii) the Successful Bidder is a purchaser of the Shares and the Other Purchased Assets in “good faith” pursuant to Section 363(m) of the Bankruptcy Code, and the Sale is entitled to the
protections of Section 363(m); 
 (iv) the Successful Bidder and the Company did not engage in any conduct which would
allow this Agreement to be set aside pursuant to Section 363(n) of the Bankruptcy Code; 
 (v) pursuant to
Section 105 of the Bankruptcy Code, any creditors of the Company are prohibited from taking any actions against the Successful Bidder or the Shares and the Other Purchased Assets; and 

(vi) the terms and provisions of the Sale are fair and reasonable. 

5.12 The Bidding Procedures. 
 (a) The Bidding Procedures and the Bidding Procedures Order shall be in a form and substance acceptable to the Purchaser and shall include the provisions and the terms set forth in Section
5.9 and the terms and conditions as set forth in Exhibit A. 
 (b) In order to be qualified to receive any
confidential information from the Company or the Bank to submit an Initial Overbid, as that term is hereinafter defined, and to participate in the Auction, a potential bidder (an “Overbidder”) must submit each of the following to
the Company on a timely basis: 
 (i) An executed confidentiality agreement which shall inure to the benefit of the successful
purchaser of the Shares and Other Purchased Assets (such purchaser, the “Successful Bidder”), in a form and substance acceptable to the Company (after consultation with the Committee and the Treasury); provided that neither the
Company, nor the Bank, nor any of their employees, officers, directors, affiliates, subsidiaries, representatives, agents, advisors, or professionals are responsible for, and shall bear no liability with respect to, any information obtained by
potential bidders in connection with the Sale. The Company and/or the Bank shall not be obligated to furnish any due diligence information after the Bid Deadline. 
 (ii) Current audited financial statements and the latest unaudited financial statements of the Overbidder or, if the Overbidder is an entity formed for the purpose of acquiring the Shares and the Other
Purchased Assets, current audited financial statements and the latest unaudited financial statements of the equity holders or sponsors of the Overbidder who will guarantee the obligations of the Overbidder, or such other form of financial disclosure
and/or credit-quality support or enhancement satisfactory to the Company, if any, that will allow the Company to make a reasonable determination as to the Overbidder’s financial and other capabilities to consummate the Sale (including, but not
limited to, the ability to obtain all necessary regulatory approvals with respect to the ownership of the Shares and operation of the Bank on a timely basis). 
 (c) In order to participate at the Auction, an Overbidder must submit its Bid via email (in .pdf or similar format) to (i) Patton Boggs LLP, Attn: Robert W. Jones (rwjones@pattonboggs.com), counsel
for the Company; (ii) Keefe, Bruyette & Woods, Attn: Joseph S. Berry, Jr., (jberryjr@kbw.com), the Company’s financial advisor; (iii) Kirkland & Ellis LLP, the

  
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Committee’s counsel, Attn.: Jeffrey Gettleman (jgettleman@kirkland.com); (iv) Rothschild, Attn.: Dustin Mondell (dustin.mondell@rothschild.com), the Committee’s investment bank;
(v) The Department of Justice, Attn: Ellen Slights, (ellen.slights@usdoj.gov); and (vi) Cadwalader, Wickersham & Taft LLP, counsel to Treasury, Attn: Douglas S. Mintz (douglas.mintz@cwt.com), so as to be actually received on or
before 4:00 p.m. on December 11, 2012 (the “Bid Deadline”) 
 (i) a proposed asset purchase agreement
(the “Competing Purchase Agreement”), executed by the Overbidder, that: 
 1. is on substantially the same
terms and conditions as those in the Purchase Agreement, along with a redlined, marked copy showing all changes between the Competing Purchase Agreement and the Purchase Agreement; 

2. provides for a purchase price to be paid to the Company that exceeds the sum of the Purchase Price and the Stalking Horse Bidder Fee
by at least One Million Dollars ($1,000,000) (such total amount, the “Initial Minimum Overbid,” and the sum of the Stalking Horse Bidder Fee, and One Million Dollars being referred to herein as the “Initial Minimum Bid
Increment”); 
 3. provides for the recapitalization of the Bank through an equity contribution on terms not less
favorable to the Bank than the Equity Contribution or on terms acceptable to Governmental Authorities as evidenced by written authorization or affidavit; 
 4. remains irrevocable until one business day after the Closing; and 
 5.
contains a proposed closing date that is not later than the Outside Date hereunder; 
 (ii) a cashier’s check made payable
to the order of the Company in an amount equal to the Initial Minimum Overbid less the Purchase Price (the “Overbidder’s Deposit”) which, if the Overbidder is the Successful Bidder, will be retained by the Company as a
nonrefundable deposit for application against the purchase price at the closing of the transaction, or, if the Overbidder is not the Successful Bidder, returned to the Overbidder within three (3) business days of the Closing, in the event that
the Bankruptcy Court does not approve a sale of the Shares and the Other Purchased Assets to the Overbidder. The Overbidder’s Deposit provided by each Overbidder shall not earn interest; 

(iii) information acceptable to the Company (after consultation with the Committee and the Treasury) that the Overbidder has the
necessary financial capacity to consummate the proposed transaction required by its bid; 
 (iv) a bid: 

1. containing terms and conditions that are higher and better than the terms and conditions of the Purchase Agreement from the
perspective of the Company’s bankruptcy estate; provided, however, that if such bid contains regulatory, due diligence, or financing contingencies, it shall not be disqualified, but any such contingencies shall be taken into consideration when
the bid is evaluated; and 
 2. providing for a purchase price to be paid to the Company that is at least equal to the Initial
Minimum Overbid. 

  
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 (v) information, acceptable to the Company (after consultation with the Committee),
establishing the Overbidder’s good faith, within the meaning of Section 363(m) of the Bankruptcy Code; 
 (vi)
information, acceptable to the Company (after consultation with the Committee and the Treasury), indicating that the Overbidder is or will be capable and qualified, financially, legally, and otherwise, of unconditionally performing all obligations
under the Competing Purchase Agreement; 
 (vii) information, acceptable to the Company (after consultation with the Committee
and the Treasury), indicating that the Overbidder will be capable of obtaining all required regulatory approvals to perform all of its obligations under the Competing Purchase Agreement and to close the transaction not later than the Outside Date;

 (viii) information, acceptable to the Company (after consultation with the Committee and the Treasure), of authorization and
approval from the Overbidder’s board of directors (or comparable governing body) with respect to the execution, delivery, and closing of the submitted Competing Purchase Agreement; 

(ix) information (the “Adequate Assurance Information”) to establish adequate assurance of future performance with
respect to any lease or contract to be assumed and assigned to the bidder in connection with the proposed transaction. The bid shall also identify a contact person (with relevant contact information) that counterparties to any executory contract can
contact to obtain additional Adequate Assurance Information; and 
 (x) a statement indicating that the Overbidder consents to
the core jurisdiction of the Bankruptcy Court for all disputes relating to the Sale, and has waived any right to a jury trial in connection with any disputes relating to the Auction or the Sale 

(d) A “Qualified Overbidder” is a potential Overbidder that both: 

(i) timely delivers to the Company conforming Competing Asset Purchase Agreement, an Overbidder’s Deposit, and the other materials
set forth in section “(b)” above (an “Initial Overbid”); and 
 (ii) that the Company, after
consultation with the Committee and the Treasury, has determined is reasonably likely (based on information submitted by the Overbidder) to be able to consummate a sale if selected as the Successful Bidder. Each Overbidder shall comply with all
reasonable requests for additional information and due diligence by the Company, the Committee, the Treasury, or their advisors regarding the Overbidder and its proposed transaction. Failure by an Overbidder to comply with requests for information
and due diligence access may be a basis for the Company, after consultation with the Committee and the Treasury, to determine that such Overbidder is not a Qualified Overbidder. No later than the day prior to the Auction, the Company, after
consultation with the Committee and the Treasury, shall determine and notify an Overbidder whether or not it is a Qualified Overbidder. In the event that any Overbidder is determined by the Company not to be a Qualified Overbidder, the Company shall
refund that Overbidder’s Deposit as soon as reasonably practicable thereafter. Any bid submitted by a Qualified Overbidder shall be a “Qualified Bid.” Each Qualified Overbidder shall be deemed to acknowledge and represent that
it has had an opportunity to conduct any and all due diligence regarding the Sale prior to submitting any bids; and that it did not rely on any written or oral statements, representations, promises, warranties or guaranties of the Company or its
professionals, advisors, and agents and/or employees whatsoever, whether express, implied, by operation of law, or otherwise. 

  
 45 

 (e) The Purchaser automatically shall be deemed a Qualified Overbidder. 

(f) If, on the Bid Deadline, the Purchaser is the only Qualified Overbidder, the Company shall not conduct an Auction and shall request
at the Sale Hearing that the Bankruptcy Court approve the Purchase Agreement, including the Sale of the Shares and the Other Purchased Assets to the Purchaser and the Equity Contribution contemplated thereby, and request that the Sale Order shall be
immediately effective upon entry, notwithstanding the provisions of Rule 6004(h) of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”) and Rule 62(g) of the Federal Rules of Civil Procedure; 

(g) If, on the Bid Deadline, there is more than one Qualified Overbidder, the Company shall conduct an auction (the
“Auction”), subject to approval of the Bankruptcy Court, in which the Purchaser and all other Qualified Overbidders may participate. The Auction shall be governed by the following procedures: 

(i) the Company and its professionals shall direct and preside over the Auction. The auction shall be conducted at the offices of Bayard,
P.A., 222 Delaware Avenue, Suite 900, Wilmington, DE 19801 on December 13, 2012 at 10:00 a.m., or at such other place and time as the Company shall notify all Qualified Overbidders who have submitted Qualified Bids and expressed an interest in
participating in the Auction. The Company shall maintain a transcript of all bids made and announced at the Auction; 
 (ii)
bidding will commence at the amount of the highest bid submitted by a Qualified Overbidder, as determined by the Company, after consultation with the Committee and the Treasury. The Company, at the start of the Auction, will describe the terms of
the opening bid. The Purchaser shall be entitled to credit bid the amount of the Stalking Horse Bidder Fee at the Auction; 

(iii) each subsequent bid, after the Initial Minimum Overbid, shall be in increments of no less than Five Hundred Thousand Dollars
($500,000); 
 (iv) each Qualified Overbidder must be prepared to certify to the Company, prior to the start of the Auction,
that it has not engaged in any undisclosed group bidding or collusion with respect to the Auction or the Sale; 
 (v) the
Purchaser shall have the right, but not the obligation, in its sole and absolute discretion, to match bids by any Qualified Overbidder and, in such event, the Purchaser’s matching bid shall be deemed the highest and best bid for the Shares and
the Other Purchased Assets; 
 (vi) the Auction shall continue until there is only one Qualified Bid that the Company
determines in its reasonable business judgment, after consultation with its advisors and the Committee and the Treasury, is the winning bid. In making this decision, the Company, after consultation with its legal and financial advisors, the
Committee and the Treasury, may consider, among other things: (a) the number, type and nature of changes to the Purchase Agreement requested by each Qualified Overbidder; (b) the extent to which such modifications are likely to delay
closing of the Sale and the cost to the Company of such modifications or delay; (c) the total consideration to be provided by the Qualified Overbidder; (d) the Qualified Overbidder’s ability to close a transaction and the timing
thereof; (e) the net benefit to the estate, taking into account the Purchaser’s rights to the Stalking Horse Bidder Fee and the Equity Contribution or other consideration offered by the Qualified Bidder; 

  
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 (vii) if, upon conclusion of the Auction, and consistent with the terms of the Bidding
Procedures, the Purchaser’s final bid matches or is greater than the highest bid made by any Qualified Overbidder, the Company shall request Bankruptcy Court approval of the Purchase Agreement, including the Sale of the Shares and the Other
Purchased Assets to the Purchaser and the Equity Contribution contemplated thereby, and request Bankruptcy Court authorization for the Company to sell the Shares and the Other Purchased Assets to the Purchaser, and the amount of the Purchaser’s
final bid shall constitute the Purchase Price under the Purchase Agreement; and 
 (viii) the Company may, with Bankruptcy
Court approval, elect to deem the Purchaser’s final bid to be the highest bid, notwithstanding the receipt of an apparently higher bid from another Overbidder, if the Company reasonably concludes, after consultation with the Committee and the
Treasury, that the Overbidder may not be able to close on a timely basis, or for any other reason. 
 (h) As set forth herein,
throughout the bidding process and the Auction, the Company shall conduct its review and analysis of the bids in an appropriate manner and shall consult with the Committee and the Treasury throughout the process. 

(i) The Purchaser has standing and is deemed to be a party in interest with standing to be heard on any motion, hearing or any other
matter related to this Agreement or any Overbid, or other sale of assets subject to this Agreement. 
 (j) Notwithstanding
anything to the contrary herein, the Company, after consultation with the Committee and the Treasury, reserves the right to modify these Bidding Procedures at any time, with notice to Overbidders and potential bidders, consistent with the
Company’s fiduciary duties to maximize the value of the Company’s estate. 
 (k) Notwithstanding anything to the
contrary contained herein, the Company may consider any bids contemplating transactions and transaction structures that are alternatives to the asset purchase structure contemplated by the Competing Purchase Agreement, including any proposed
purchase of less than all of the assets included in the Purchase Agreement, or an equity investment in the Company (all such bids are collectively referred to as “Alternative Bids”). If any Alternative Bid is submitted, the Company
may evaluate it and, to the extent necessary (and subject to section 5.12(i) above), make provisions in the bidding process to consider such Alternative Bids and allow parties submitting Alternative Bids to participate in the Auction. 

Notwithstanding the foregoing, the Company and the Purchaser agree that the Bidding Procedures attached as Exhibit A meet the requirements of this
Section 5.12. 
 5.13 Bankruptcy Efforts. The Purchaser and the Company shall use their commercially
reasonable best efforts to cause the Bankruptcy Court to (i) enter the Bidding Procedures Order and the Sale Order, and (ii) approve the Stalking-Horse Bidder Fee. 
 5.14 Reasonable Access to Records and Certain Personnel. In order to facilitate the Company’s efforts to (i) administer and close the Bankruptcy Case, and (ii) prepare tax returns
(together, the “Post-Close Filings”), Purchaser shall permit Company’s counsel, accountants and any other professional representative of the Company, during regular business hours, with reasonable notice, and subject to reasonable
rules and regulations, reasonable access to any information acquired by the Purchaser pursuant to this Agreement, including financial information of the Company and the Bank that are required for the Company to complete the Post-Close Filings, or to
facilitate the administration of the Bankruptcy Case. The Company shall reimburse the Purchaser for any reasonable costs necessary to comply with the provisions of this Section 5.14. The Purchaser shall retain any information acquired by

  
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the Purchaser pursuant to this Agreement for a period of six (6) years following the Closing Date. The obligations created by this Section 5.14 shall terminate thirty
(30) days after the entry of a final non-appealable order by the Bankruptcy Court approving the Final Report and closing the Bankruptcy Case. Notwithstanding the forgoing, the Purchaser shall not be required to provide such information which it
deems confidential or is privileged, unless required by a court order. 
 5.15 Public Announcements. Other than mutually
agreed upon press releases and other materials to be issued upon the announcement of this Agreement or thereafter, with respect to which the parties shall cooperate in good faith to jointly prepare or communicate consistent with the joint
communication policy of the parties, from and after the date hereof, neither party shall make any public announcement or public comment regarding this Agreement or the Contemplated Transactions without the prior written consent of the other party
(which consent shall not be unreasonably withheld, delayed or conditioned), unless and only to the extent that (a) the furnishing or use of information is required in making any filing or obtaining any Governmental Authorization required for
the consummation of the Contemplated Transactions, or (b) the furnishing or use of such information is required by Legal Requirements. 
 5.16 Tax Refunds. The Company shall promptly transfer to the Bank any and all Tax Refunds received from any Governmental Authority. 

5.17 Tax Elections. 
 (a) On its consolidated federal income Tax Return for the taxable year in which the Closing Date occurs, the Company shall elect under Treasury Regulations Section 1.1502-36(d) to reduce its tax
basis in the Shares to the extent necessary to prevent any reduction of the Bank’s Tax attributes. All Tax Returns filed by the Company, the Bank and its Subsidiaries shall be consistent with this provision. In addition, the Company shall take
any other action reasonably requested by the Purchaser to preserve the Bank’s Tax attributes. 
 (b) At the
Purchaser’s discretion, the Company will make, or forego making (and cause its Subsidiaries to make or forego making), the election under Internal Revenue Code Section 108(b)(5) for the consolidated federal return filing year that includes
the date of Closing. The Purchaser will provide direction to Company on making or not making the election within twenty (20) days of receiving a preliminary calculation of how the Company would apply the provisions of Sec. 108 to any excluded
cancellation of debt income. 
 (c) If the Bank currently has in place a valid election under Treasury Regulations
Section 1.166-2(d)(3) (the “Conformity Election”), at the Purchaser’s discretion, it will apply for voluntary revocation of the Conformity Election, effective for the Company’s consolidated federal return filing year
that included the date of Closing. The Purchaser will advise the Company in writing of its desire for voluntary revocation within sixty (60) days of the end of the Company’s consolidated federal return filing year that included the date of
Closing. 
 5.18 Preparation and Filing of Tax Returns; Taxes. The Company shall include the income, equity or other
applicable tax base of the Bank and its Subsidiaries on the Company’s consolidated, unitary, affiliated or other combined federal and state income Tax Returns for all periods through the end of the Closing Date (such period, the
“Pre-Closing Tax Period” and such Tax Returns, the “Company Tax Returns”), in accordance with applicable tax statutes, and pay any federal and state Taxes attributable to such income, equity or other applicable tax base subject
to the Bank reimbursing the Company for the Bank’s pro rata share of any such income Taxes paid by the Company, such pro rata share to be determined in accordance with federal consolidated return regulations, where applicable, and with the

  
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Interagency Policy Statement on Income Tax Allocation in a Holding Company Structure. The Bank shall furnish Tax information to the Company for inclusion in such Company Tax Returns in accordance
with the Bank’s past custom and practice. The income of the Bank and its Subsidiaries shall be apportioned to the period up to and including the Closing Date and the period after the Closing Date by closing the books of the Bank and its
Subsidiaries as of the end of the Closing Date. The Company shall timely prepare and file (or cause to be prepared and filed) the Company Tax Returns, and shall prepare all Company Tax Returns in a manner consistent with prior practice in respect of
the Bank and its Subsidiaries unless otherwise required by applicable law or unless the Purchaser consents to such different treatment, such consent not to be unreasonably withheld, conditioned or delayed. The Company shall provide (or cause to be
provided) to the Purchaser a copy of any Company Tax Return at least twenty (20) Business Days prior to the due date for filing such return (or, if such Tax Return is required to be filed within twenty (20) Business Days after the Closing
Date, as soon as practicable after preparation but prior to filing thereof), and the Purchaser shall have ten (10) Business Days in which to review and comment on such return prior to the filing thereof. The Company shall not unreasonably
withhold its consent to reflecting such Purchaser comments on such returns to the extent permitted by applicable law. The Purchaser and the Company agree to report all transactions not in the ordinary course of business occurring on the Closing Date
after the Closing on the Purchaser’s federal and state income Tax Returns to the extent permitted by Treasury Regulations Section 1.1 502-76(b)(1)(ii)(B). Neither Party shall amend or cause to be amended any consolidated/unitary Tax
Returns that relates to any Tax period or portion thereof that ends on or before the Closing Date without the consent of the other Party, which consent shall not be unreasonably withheld, conditioned or delayed. 

5.19 Tax Cooperation. In connection with the preparation of Tax Returns, audit examinations, and any administrative or judicial
proceedings relating to the Tax liabilities imposed on or attributable to the Bank or its Subsidiaries, the Purchaser on the one hand and the Company on the other hand shall reasonably cooperate fully with each other, including the furnishing or
making available during normal business hours of records, personnel (as reasonably required), books of account, powers of attorney or other materials necessary or helpful for the preparation of such Tax Returns, the conduct of audit examinations or
the defense of claims by taxing authorities as to the imposition of Taxes. The Company shall provide to the Purchaser copies of all information, returns, books, records and documents relating to any Tax matters of or attributable to the Bank or its
Subsidiaries. 
 5.20 Tax Proceedings. The Company shall promptly notify the Purchaser upon receipt by the Company of any
notice of any inquiries, assessments, audits, proceedings or similar events received from any taxing authority with respect to any Taxes, Tax attributes (including net operating losses) or Tax Refunds of or attributable to the Bank and its
Subsidiaries, including such items included in any consolidated, affiliated, unitary or other combined Tax Return, whether attributable to the Pre-Closing Tax Period or any period or portion of a period after the Closing Date (any such inquiry,
assessment, audit, proceeding or similar event, a “Tax Matter”). The Purchaser shall have the right to control the process, disposition and decision of whether to settle any Tax Matter in its sole discretion. In addition, the
Company shall not enter into any settlement of or otherwise compromise any inquiry, assessment, audit, proceeding or similar event to the extent that such settlement or compromise could adversely affect the Tax liability (including a reduction of a
Tax Refund, net operating loss or other Tax attribute) of the Bank, its Subsidiaries or the Purchaser, including under this Agreement, without the consent of the Purchaser, such consent not to be unreasonably withheld, conditioned or delayed.

 5.21 Transfer Taxes. Notwithstanding any other provision of this Agreement, the Purchaser shall be solely responsible
for any transfer, sales, use, stamp, conveyance, value added, recording, registration, documentary, filing and other similar non-income Taxes and administrative fees (including, without limitation, notary fees) (“Transfer Taxes”)
arising in connection with the consummation of the Contemplated Transactions, whether levied on the Company, the Purchaser or its Affiliates. The 

  
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Purchaser shall timely prepare (or cause to be prepared) any Tax Returns with respect to Transfer Taxes arising in connection with the consummation of the Contemplated Transactions (the
“Transfer Tax Returns”). The Purchaser shall provide (or cause to be provided) to the Company a copy of any Transfer Tax Return at least ten (10) days prior to the due date for filing such return, and the Company shall have
five (5) days in which to review and comment on such return prior to the filing thereof. The Purchaser shall take any such Company comments into consideration in good faith, provided, however, that the Purchaser shall have final determination
as to the contents of any Transfer Tax Return unless the Company believes and informs the Purchaser that, upon advice of its advisors, a position taken by the Purchaser is not permitted under applicable law, and provided, further, that if the
Company so believes any position reflected on a Transfer Tax Return is not permitted under applicable law, the parties shall engage an independent third party accounting firm to determine whether such position is permitted under applicable law and
the determination of such accounting firm shall control the treatment of the disputed position(s) on such Transfer Tax Return. The expense of such accounting firm shall be borne 50% by the Company and 50% by the Purchaser. The Company shall timely
file all Transfer Tax Returns and the Purchaser shall pay to the Company the amount shown as due on any such return at least three (3) days prior to the due date of such return. Upon the request of the Company, the Purchaser agrees to pay to
the Company any additional Transfer Taxes, along with related penalties and interest, if any, if and to the extent the Company is then liable for such Transfer Taxes pursuant to an audit or other proceeding by a taxing authority in respect of any
Transfer Taxes that the Purchaser has not previously paid over to the Company or a taxing authority. The Company and the Purchaser shall cooperate to minimize Transfer Taxes. If a certificate or document of exemption is required to reduce or
eliminate the Transfer Taxes, the Purchaser will promptly furnish such certificate or document to the Company or the Purchaser will cooperate with the Company to allow the Company to obtain such reduction or exemption from Transfer Taxes.

 5.22 Resignations. The Company shall deliver to the Purchaser written resignations, in form and substance reasonably
acceptable to the Purchaser, effective as of the Closing Date, of each member of the board directors of the Bank other than those listed on Schedule 5.22 to the Original Agreement (the “Continuing Board Members”). 

5.23 Deferred Compensation Plan. Subject to receipt of non-objection from the OCC, effective as of the day immediately preceding
the Closing Date, the Company shall (or shall cause the Bank to) terminate the Deferred Compensation Plan in a manner consistent with Section 409A of the Code and the regulations thereunder. As soon as permissible under Code
Section 409A-related regulations and any Regulatory Agreements, the Purchaser, or the Bank at the Purchaser’s discretion, shall make a lump sum payment to each director of the Bank eligible under the Deferred Compensation Plan equal to the
amount payable to such director under the Deferred Compensation Plan. 
 5.24 Bankruptcy Filings. 

(a) From and after the Original Agreement Date through the Closing Date, promptly before filing any papers or pleadings in the Bankruptcy
Case that relate in any way to this Agreement, the Sale, the Bid Procedures, the Contemplated Transaction or the Purchaser, the Company shall provide the Purchaser with a copy of such papers or pleadings. 

(b) The Company shall, through the Closing Date, use its best efforts to provide the Purchaser with prompt notice of any papers or
pleadings filed by a party other than the Purchaser in the Bankruptcy Case that relate in any way to this Agreement, the Sale, the Bid Procedures or the Purchaser. 

  
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 5.25 Transfer of Business-Related Assets and Contracts. If at any time, whether
before or after the Closing, the Company or any of its officers or employees discovers or is otherwise aware of the fact that the Company or one of its Subsidiaries (other than the Bank or its Subsidiaries) (a) owns any asset (whether real,
personal, tangible, intangible or otherwise) that is used or held for use in connection with, or that relates to, the Business or (b) is a party to any Contract relating to the Business, the Company will promptly give notice of that fact to the
Purchaser and, if the Purchaser so requests, the Company will promptly cause such asset to be transferred to the Bank free and clear of all Encumbrances, or the rights and obligations (but not any obligations relating to a pre-transfer breach or
default) under such Contract to be assigned to the Bank free and clear of all Encumbrances, as the case may be, for no consideration. 
 5.26 Plan. The Company covenants and agrees that if the Sale Order is entered, the terms of any plan of reorganization or liquidation submitted, supported or sponsored by the Company for
confirmation shall not conflict with, supersede, abrogate, nullify, modify or restrict the terms of this Agreement and the rights of the Purchaser hereunder, or in any way prevent or interfere with the consummation or performance of the transactions
contemplated by this Agreement, including any transaction that is approved pursuant to the Sale Order. 
 5.27 Appeal. If
the Sale Order or the Bidding Procedures Order is appealed by any Person, or petition for certiorari or motion for rehearing, reconsideration or rehearing is filed with respect thereto, the Company agrees to take all action as may be reasonably
necessary to defend against such appeal, petition or motion and to obtain an expedited resolution of such appeal, petition or motion. 
 5.28 Employees. As soon as administratively practicable after the Closing Date and until the second anniversary of the Closing Date, and subject to Purchaser’s and its Subsidiaries’
respective authority to amend, from time to time, or terminate the Purchaser Plans (defined below) and all other plans, programs and other arrangements, Purchaser shall use commercially reasonable efforts to enable employees of the Bank who become
employees of the Purchaser or a Subsidiary of Purchaser to be entitled to participate in each employee welfare benefit plan (as defined in ERISA Section 3(1)) and Qualified Plan of broad and general applicability of Purchaser and its
Subsidiaries (collectively, the “Purchaser Plans” and each, a “Purchaser Plan”) to the same extent as similarly-situated employees of Purchaser and its Subsidiaries, provided, however, that such enabling of such employees of the
Bank may occur at different times with respect to different plans and provided, further, that Purchaser shall use commercially reasonable efforts to continue coverage under the applicable plans of the Bank until such employees are permitted to
participate in the applicable Purchaser Plans. Purchaser shall take all reasonable action so that employees of the Bank who become employees of Purchaser or its Subsidiaries shall be entitled to receive credit for their consecutive years of
employment by the Bank up to the Closing Date for purposes of any eligibility or vesting requirements under the relevant benefit plans of Purchaser or its Subsidiaries in which they are eligible to participate. Purchaser expressly acknowledges its
obligation to honor the terms of the Bank’s employee severance compensation plan. In addition, any employee of the Bank who is terminated within one year of the Closing Date by Purchaser but is not otherwise eligible to receive severance
payments under such plan will be entitled to severance payments equal to two weeks of pay for each full year of service, subject to a minimum of four weeks and a maximum of ten weeks. Notwithstanding anything in this Agreement to the contrary, no
provision or term of this Agreement shall constitute or be deemed to constitute an amendment of, or a term or provision of, any Purchaser Plan or any other plan, program or other arrangement. 

5.29 Certain Benefit Arrangements». Upon not less than ten (10) days’ notice prior to the Closing Date from
Purchaser to the Company, the Company shall cause the termination, amendment or other appropriate modification of each Qualified Plan such that the Bank shall not sponsor or otherwise have any further Liability or other obligation in connection with
such Qualified Plans, effective as of the date which immediately precedes the Closing Date. Upon such action, participants in the First Place Bank 401(k) Plan and the First Place Bank Employee Stock Ownership Plan shall be 100% vested in their

  
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account balances. In addition, Purchaser, in its sole and absolute discretion, may refinance the loans granted under the First Place Bank 401(k) Plan to Bank employees who become employees of the
Purchaser or a Subsidiary so that such loans are repaid to the First Place 401(k) on or before the Closing. 
 ARTICLE 6

 CONDITIONS OF CLOSING 
 6.1 Conditions to the Purchaser’s Obligations. The obligation of the Purchaser to complete the transactions contemplated by this Agreement is subject to the fulfillment of the following
conditions: 
 (a) Representations and Warranties. (i) The representations and warranties of the Company contained in
Sections 3.1, 3.2, 3.3, 3.11, 3.17 and 3.24 shall be true and correct in all respects as of the Original Agreement Date and as of the Closing with the same effect as though such representations and warranties had been made as of the
Closing (provided that those representations and warranties which address matters only as of a particular earlier date shall have been true and correct only on such date) and (ii) the representations and warranties of the Company contained in
this Agreement (other than those representations and warranties specified in sub-clause (i) above) shall be true and correct in all respects (without regard to materiality or Material Adverse Effect qualifications contained therein) as of the
Original Agreement Date and as of the Closing with the same effect as though such representations and warranties had been made as of the Closing (provided that those representations and warranties which address matters only as of a particular
earlier date shall have been true and correct only on such date), except where the failure of such representations and warranties in this sub-clause (ii) to be so true and correct (without regard to materiality or Material Adverse Effect
qualifications contained therein) has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; 
 (b) Covenants. The covenants and obligations of the Company to be performed or observed on or before the Closing pursuant to this Agreement shall have been duly performed or observed in all
material respects; 
 (c) Petition Date. The Company shall have filed the Bankruptcy Case within one (1) Business
Day following the Original Agreement Date; 
 (d) Bidding Procedures Order. The Bankruptcy Court shall have entered the
Bidding Procedures Order in form and substance acceptable to the Purchaser, including the Stalking-Horse Bidder Fee, and such order shall be unstayed, and shall not have been amended, modified, reversed or vacated; 

(e) Sale Order. The Bankruptcy Court shall have entered the Sale Order and the Sale Order shall not have been (i) stayed,
vacated, or reversed, or be the subject of any pending motion seeking such relief, (ii) (except with the express written consent of the Purchaser not to be unreasonably withheld or delayed) amended, supplemented or otherwise modified or
(iii) subject to an appeal, which, in the Purchaser’s reasonable judgment, would not be mooted as a result of the Closing; 
 (f) Secretary’s Certificate. The Company shall have delivered to the Purchaser a Secretary’s Certificate certifying to the effect that the conditions set forth in
Section 6.1(a) and (b) have been satisfied. 
 (g) Purchaser Required Approvals. The Purchaser
shall have obtained all of the Purchaser Required Approvals in form and substance acceptable to Purchaser and without the imposition of any Burdensome Condition, no such Purchaser Required Approval shall have been amended, modified, reversed or
vacated and all applicable waiting periods with respect to any of the Purchaser Required Approvals shall have expired; 

  
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 (h) Consents. The material consents necessary for the continued operations of the
Business, which are set forth in Section 6.1(h) of the Disclosure Schedule, shall have been obtained in form and substance acceptable to the Purchaser and shall be in effect; 

(i) Bank Expenses. The Bank shall not have incurred, and the Company’s chief financial officer shall have delivered to the
Purchaser within five (5) Business Days of the Closing, an officer’s certificate certifying that the Bank shall not have incurred, in excess of $8.5 million in total legal, investment banking, and insurance-related costs (including
contributions to a self insurance fund) and expenses in connection with, or in preparation for, the transactions contemplated by this Agreement (inclusive of costs and expenses of the Bank triggered by the consummation of the transactions
contemplated by this Agreement); 
 (j) No Litigation. There shall not be pending or threatened any Proceeding by any
Governmental Authority or other Persons which, in the reasonable opinion of the Purchaser, there is a possibility of an outcome that could have a Material Adverse Effect; 
 (k) No Material Adverse Effect. From the Original Agreement Date, there shall not have occurred any Material Adverse Effect, nor shall any event or events have occurred that, individually or in the
aggregate, with or without the lapse of time, could reasonably be expected to result in a Material Adverse Effect; and 
 (l)
Deferred Compensation Plan. Evidence, in form and substance satisfactory to the Purchaser, that in accordance with Section 5.23, the Deferred Compensation Plan has been terminated. 

The foregoing conditions are for the benefit of the Purchaser only, and accordingly, the Purchaser will be entitled to waive compliance with any such
conditions if it sees fit to do so, without prejudice to its rights and remedies at law and in equity and also without prejudice to any of its rights of termination in the event of non-performance of any other conditions in whole or in part.

 6.2 Conditions to the Company’s Obligations. The obligation of the Company to complete the transactions
contemplated by this Agreement is subject to the fulfillment of each of the following conditions: 
 (a) Representations and
Warranties. The representations and warranties of the Purchaser contained in this Agreement shall be true and correct in all material respects on and as of the Closing with the same effect as though such representations and warranties had been
made as of the Closing (provided that those representations and warranties which address matters only as of a particular date shall have been true and correct only on such date); 

(b) Covenants. The covenants and obligations of the Purchaser to be performed or observed on or before the Closing pursuant to
this Agreement shall have been duly performed or observed in all material respects; 
 (c) Sale Order. The Bankruptcy
Court shall have entered the Sale Order; and 
 (d) Secretary’s Certificate. The Purchaser shall have delivered to
Seller a Secretary’s Certificate certifying to the effect that the conditions set forth in Section 6.2(a) and (b) have been satisfied. 

  
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 The foregoing conditions are for the benefit of the Company only and accordingly the Company will be
entitled to waive compliance with any such conditions if it sees fit to do so, without prejudice to its rights and remedies at law and in equity and also without prejudice to any of its rights of termination in the event of non-performance of any
other conditions in whole or in part. 
 6.3 Mutual Condition. The obligations of the Company and the Purchaser to
complete the Contemplated Transactions are subject to the fulfillment of the condition that no injunction or restraining order or other decision, ruling or order of a court, board, Governmental Authority or administrative tribunal of competent
jurisdiction being in effect which prohibits, restrains, limits or imposes conditions on the transactions contemplated by this Agreement and no action or proceeding having been instituted or remaining pending or having been threatened (and such
threat not having been withdrawn) before any such court, board, Governmental Authority or administrative tribunal to restrain, prohibit, limit or impose conditions on the transactions contemplated by this Agreement. 

6.4 Termination. 
 (a) In the event that the Closing has not occurred on or before January 31, 2013 or such later date as may be agreed in writing by the Parties in their sole discretion (the “Outside
Date”), the Purchaser or the Company, as applicable, may, subject to Section 9.10, terminate this Agreement, in which event the parties will be released from all obligations under this Agreement, except that the Company will not
be released from its obligations to pay the Stalking Horse Bidder Fee on the first Business Day following the date of consummation of an Alternative Transaction unless the Purchaser is in material breach of this Agreement, and provided that no party
will be released from its obligations, or may terminate this Agreement if it has materially breached (and not cured) any of its covenants or obligations in or under this Agreement and such breach has been the cause of or resulted in the failure of
the Closing to occur on or before the Outside Date. 
 (b) This Agreement may also be terminated prior to the Closing:

 (i) at any time by the mutual written agreement of the Company and the Purchaser; 

(ii) by the Purchaser (provided, that the Purchaser is not then in material breach of any representation, warranty, covenant or other
agreement contained herein), if either of the conditions in Section 6.1(a) or (b) have not been fulfilled and the breach or breaches giving rise to the failure of these conditions to be fulfilled cannot be or have not been
cured within thirty (30) days after written notice by the Purchaser to the Company; 
 (iii) by the Company (provided,
that the Company is not then in material breach of any representation, warranty, covenant or other agreement contained herein), if either of the conditions in Section 6.2(a) or (b) have not been fulfilled and the breach or
breaches giving rise to the failure of these conditions to be fulfilled cannot be or have not been cured within thirty (30) days after written notice by the Company to the Purchaser; 

(iv) by the Company or the Purchaser, if the Bankruptcy Court enters a Sale Order approving the Sale to a Qualified Overbidder, other
than the Purchaser; 
 (v) by either the Company or the Purchaser, with fifteen (15) days’ prior written notice or
such shorter period as required by a court or Governmental Authority, or any applicable Legal Requirement, if any court or Governmental Authority shall finally determine that the subject of this Agreement violates any applicable Legal Requirement
and the terms of this Agreement cannot be amended to meet all legal requirements to the satisfaction of such court or Governmental Authority; 

  
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 (vi) by either the Company or the Purchaser, if the Purchaser or any of its Affiliates
receives written notice from or is otherwise advised by a Governmental Authority that it will not grant (or intends to rescind or revoke if previously approved) any of the Purchaser Required Approval or receives written notice from such Governmental
Authority that it will not grant such Purchaser Required Approval on the terms contemplated by this Agreement without imposing any Burdensome Condition; 
 (vii) upon two (2) days’ prior written notice by the Purchaser to the Company, if the Bankruptcy Court fails to approve the Stalking-Horse Bidder Fee as part of the Bidding Procedures Order;
provided that such notice of termination is provided to the Company not later than the end of the second Business Day following such date; and 
 (viii) by Purchaser, if the Bankruptcy Court has not entered the Sale Order approving the Sale to Purchaser by December 14, 2012, or if such Sale Order has been entered but is stayed or has been
reversed or vacated on such date, or if such Sale Order has been entered but has been amended or modified without the prior written consent of Purchaser on or before such date. 
 ARTICLE 7 
 CLOSING TRANSACTIONS 

7.1 Time and Place. The Closing shall take place in the offices of Nelson Mullins Riley & Scarborough LLP at 101
Constitution Avenue, NW, Suite 900, Washington, DC 20001 on the Closing Date; or at such other time and date, or both, as the Company and the Purchaser or their respective counsel may agree upon in writing. 

7.2 Company’s Closing Deliverables. At the Closing, the Company shall deliver the following to the Purchaser: 

(a) a certificate signed by Secretary of the Company, certifying to the fulfillment of the conditions specified in
Section 6.1(a) and (b); 
 (b) stock certificates evidencing the Shares duly endorsed in blank, or
accompanied by stock powers duly executed in blank and with all required stock transfer Tax stamps affixed; 
 (c) all
conveyances, transfers, assignments, instruments and other documents which are necessary to assign, sell and transfer the Shares to the Purchaser and the Other Purchased Assets (including the assignment of the Assumed Bank Related Contracts, if any)
to the Bank, in either case as contemplated by this Agreement in such form and content as the Purchaser may require, acting reasonably; 
 (d) certified copies of a resolution of the directors of the Company approving the completion of the Contemplated Transactions including, without limitation, the sale of the Shares and the Other Purchased
Assets (including the assignment of the Assumed Bank Related Contracts) and the execution and delivery of this Agreement and all documents, instruments and agreements required to be executed and delivered by the Company pursuant to this Agreement in
such form and content as the Purchaser may require, acting reasonably; 

  
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 (e) a certified copy of the Sale Order; 

(f) a letter agreement, in form and substance reasonably satisfactory to the Purchaser, releasing the Purchaser, the Bank and their
respective Affiliates (and their respective officers, directors, employees, managers, partners, members, and principals) from and against any pre-Closing Liabilities to the Company or its Subsidiaries (other than the Bank and its Subsidiaries)
other: (i) than Liabilities under this Agreement; (ii) Liabilities relating to the Other Purchased Assets; and (iii) Liabilities first arising after the Closing (the “Assumed Contract Liabilities”). 

(g) an affidavit from the Company that it is not a “foreign person” or subject to withholding requirements under the Foreign
Investment in Real Property Tax Act of 1980, as amended; 
 (h) except for those directors set forth on Schedule 6.1(h)
to the Original Agreement, written resignation letters of all of the members of the board of directors of the Bank, which resignations shall be effective as of the Closing; and 

(i) evidence, in form and substance reasonably satisfactory to the Purchaser, of the termination of the Deferred Compensation Plan; and

 7.3 Purchaser’s Closing Deliverables. At the Closing, the Purchaser shall effect the Equity Contribution and
deliver the following: 
 (a) a certificate signed by Secretary of the Purchaser, certifying to the fulfillment of the conditions
specified in Section 6.2(a) and (b) to the Company; 
 (b) the Cash Purchase Price to Wilmington Trust
Company to be held for the benefit of and in trust for the holders of the Trust Preferred Securities, pursuant to the terms and conditions of the indentures and declarations of trust governing the Trust Preferred Securities issued by the Trust
Preferred Issuers, pending completion of the satisfaction and retirement of Assumed Securities as contemplated in Sections 2.2 and 2.3; 
 (c) documentation to the Company, the Committee, and Wilmington Trust Company evidencing the assignment and assumption of the Assumed Securities in a form and manner as directed in the Sale Order, but
otherwise pursuant to the terms and conditions of the indentures and declarations of trust governing the Trust Preferred Securities issued by the Trust Preferred Issuers, and all approvals, waivers, non-objections, and authorizations required for
the Purchaser to complete such assignment and assumption and the satisfaction and retirement of the Assumed Securities as contemplated in Section 2.3; and 
 (d) a letter agreement to the Company, in form and substance reasonably satisfactory to the Company, releasing the Company and its respective Affiliates (and its respective officers, directors, employees,
and managers) from and against any pre-Closing Liabilities to the Bank or its Subsidiaries other than the Assumed Contract Liabilities and Liabilities under this Agreement. 
 7.4 Concurrent Delivery. It shall be a condition of the Closing that all matters of payment and the execution and delivery of documents by any party to the others pursuant to the terms of this
Agreement shall be concurrent requirements and that nothing will be complete at the Closing until everything required as a condition precedent to the Closing has been paid, executed and delivered, as the case may be. 

  
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 7.5 Transfer of Shares. Subject to the terms and conditions set forth in this
Agreement, and subject to the entry of a Sale Order, the Sale of the Shares to the Purchaser and the sale of the Other Purchased Assets (including the assignment of the Assumed Bank Related Contracts, if any) to the Bank shall be deemed to take
effect on the Closing Date. 
 ARTICLE 8 
 SURVIVAL OF REPRESENTATIONS AND COVENANTS 
 8.1 Survival. The
Company and the Purchaser agree that all of the representations, warranties, agreements and covenants of the Company and the Purchaser contained in this Agreement, or any instrument delivered pursuant to this Agreement, shall terminate at the
Closing Date, except that the representations, warranties, agreements and covenants that by their terms survive the Closing Date and this Article 8 and Article 9 shall survive the Closing Date. 

ARTICLE 9 

MISCELLANEOUS 
 9.1 Legal and Other Fees and Expenses. 
 (a) Unless otherwise specifically
provided herein, the parties will pay their respective legal, accounting and other professional fees and expenses incurred by each of them in connection with the negotiation and settlement of this Agreement, the completion of the Contemplated
Transactions and other matters pertaining hereto. 
 (b) The Purchaser shall pay the fees and expenses of the Committee and its
advisors through Closing as allowed by final order of the Bankruptcy Court. The Purchaser shall not object to any request for payment of the Committee’s professional fees and expenses totaling Two Million Seven Hundred Fifty Thousand Dollars
($2,750,000) or less in the aggregate. 
 (c) The Purchaser shall pay or shall cause the Bank to pay the allowed fees and
expenses of the Company’s professionals, including fees and expenses of Patton Boggs LLP, Bayard, P.A., FTI Consulting, Inc., and Donlin, Recano & Company, Inc. incurred from the Petition Date through Closing, and such payment shall
not be considered “Bank Expenses” for purposes of Section 6.1(i) of this Agreement. The Purchaser shall not object to any request for payment of the Company’s professional fees and expenses. Any retainers held by the
Company’s professionals shall be used to wind down the Bankruptcy Case after Closing, with any remaining retainer amounts to be delivered to the Purchaser after final approval and payment of the Company’s professional fees and expenses
incurred after Closing. 
 9.2 Notices. Any notice, request, demand or other communication required or permitted to be
given under this Agreement shall be in writing and delivered by hand, facsimile transmission or prepaid registered mail (return receipt requested) to the party to which it is to be given as follows: 

To the Company: 

First Place Financial Corp. 
 185 East Market Street 
 Warren, Ohio 44481 

Attention: Craig Carr 
 Facsimile: (330) 373-9906 

  
 57 

 with a copy to: 
 Patton Boggs LLP 
 2550 M Street, NW 

Washington, DC 20037 
 Attention: Joseph G. Passaic, Jr. 
 Facsimile: (202) 457-6315 

To Purchaser: 

Talmer Bancorp, Inc. 
 2301 W. Big Beaver Road, 5th Floor 
 Troy, Michigan 48084 

Attention: David T. Provost 
 Facsimile No.: (248) 498-2914 
 with a copy to: 

Nelson Mullins Riley & Scarborough LLP 
 Atlantic Station 
 201 17th Street NW, Suite 1700 

Atlanta, Georgia 30363 
 Attention: J. Brennan Ryan 
 Facsimile No.: (404) 322-6041 

or to such other address or fax number as a party may specify by notice given in accordance with this Section 9.2. Any such notice, request,
demand or other communication given as aforesaid will be deemed to have been given, in the case of delivery by hand or registered mail, when delivered, in the case of delivery by facsimile transmission, when a legible facsimile is received by the
recipient if received before 5:00 p.m. local time on a Business Day, or on the next Business Day if such facsimile is received on a day which is not a Business Day or after 5:00 p.m. local time on a Business Day. 

9.3 Further Assurances. Each of the parties shall execute and deliver such further documents, instruments and agreements and do
such further acts and things as may be reasonably required from time to time, either before, on or after the Closing Date, to carry out the full intent and meaning of this Agreement, give effect to the transactions contemplated by this Agreement and
assure to the Purchaser good and valid title to the Shares, free and clear of all Encumbrances, and assure to the Bank good and valid title to the Other Purchased Assets (including the assignment of the Assumed Bank Related Contracts, if any), free
and clear of all Encumbrances. The Company shall seek to enforce its rights under any third party nondisclosure or confidentiality agreements on behalf of and at the request and expense of the Purchaser. 

9.4 Time of the Essence. Time shall be of the essence of this Agreement. 

9.5 Entire Agreement. This Agreement (and all related documents referred to herein, including the schedules and exhibits to the
Original Agreement and hereto) constitutes the entire agreement between the Company and the Purchaser pertaining to the Contemplated Transactions and supersedes all prior agreements, undertakings, negotiations and discussions, whether oral or
written, of the Company and the Purchaser and there are no warranties, representations, covenants, obligations or agreements between the Company (or any Affiliate thereof) and the Purchaser (or any Affiliate thereof) except as set forth in this
Agreement (or any such related document). 

  
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 9.6 Assignment. Neither party to this Agreement may assign any of its respective
benefits, obligations or liabilities under or in respect of this Agreement without the prior written consent of the other party, which may be withheld in its absolute discretion; provided, however, that the Purchaser may, without the consent of the
Company, assign its rights and benefits under or in respect of this Agreement, in whole or in part, to one or more directly or indirectly wholly-owned Subsidiaries, if and to the extent permitted by the Regulatory Approvals and the Bankruptcy Court,
but no such assignment will relieve the Purchaser of its obligations under this Agreement. Any attempted assignment without the necessary consent shall be void. 
 9.7 Invalidity. Each of the provisions contained in this Agreement is distinct and severable and a determination of illegality, invalidity or unenforceability of any such provision or part hereof
by a court of competent jurisdiction shall not affect the validity or enforceability of any other provision hereof, unless as a result of such determination this Agreement would fail in its essential purposes. 

9.8 Waiver and Amendment. Except as expressly provided in this Agreement, no amendment or waiver of it will be binding unless made
in writing by the party to be bound by such amendment or waiver. No waiver of any provision, or any portion of any provision, of this Agreement will constitute a waiver of any other part of the provision or any other provision of this Agreement nor
a continuing waiver unless otherwise expressly provided. 
 9.9 Third-Party Beneficiaries. This Agreement is for the sole
benefit of the parties hereto and their permitted assigns and nothing herein express or implied shall give or be construed to give to any Person, other than the parties hereto and such permitted assigns, any legal or equitable rights hereunder;
provided, however, that the current directors and officers of the Bank included in the term “Indemnified Parties” shall be deemed to be third-party beneficiaries of the provisions of Section 5.5. 

9.10 Surviving Provisions on Termination. Notwithstanding any other provisions of this Agreement, if this Agreement is terminated,
the provisions of Sections 1.3, 5.2, 5.3, 5.9, 5.14, 6.4(a) and 9.1 shall survive such termination and remain in full force and effect, and each party shall remain liable for any willful breach of this Agreement prior to its termination. 

9.11 Captions. The captions in this Agreement are inserted for convenience of reference only and shall not be considered a part of
or affect the construction or interpretation of any provision of this Agreement. 
 9.12 Counterparts. This Agreement may
be signed in counterparts and each such counterpart will constitute an original document and such counterparts, taken together, will constitute one and the same instrument. Electronically transmitted or facsimile copies shall be deemed to be
originals. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 59 

 IN WITNESS WHEREOF the parties have executed this Agreement as of the day and year
first above written. 
  

			
	 COMPANY
  

FIRST PLACE FINANCIAL CORP.

		
	By: 	 	/s/ Samuel A. Roth
		 	 Name: Samuel A. Roth
 Title:
Chairman of the Board

  

			
	 PURCHASER
  

TALMER BANCORP, INC.

		
	By: 	 	/s/ David T. Provost
		 	 Name: David T. Provost

Title: Chief Executive Officer

  
 60

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