Common use of TABLE OF CONTENTS Clause in Contracts

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32

TABLE OF CONTENTS. Section 1 - 1. DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 12 36 Section 2 - THE INVESTMENTS 13 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 39 2.1 Purchaser’s Investment Limits 13 Term Commitments 39 2.2 Procedure for Making Purchases 13 Term Loan Borrowing 39 2.3 Sale Repayment of Term Loans 39 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 40 2.6 Fees 41 2.7 Optional Termination or Reduction of Commitments 42 2.8 Optional Prepayments 42 2.9 Mandatory Prepayments and Assignment 15 2.4 Commitment Reductions 43 2.10 Conversion and Continuation Options 45 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 47 2.14 Inability to Determine Interest Rate 48 2.15 Pro Rata Treatment and Payments 16 2.7 48 2.16 Requirements of Law 16 2.8 51 2.17 Taxes 17 2.9 52 2.18 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments56 2.19 Change of Lending Office 57 2.20 Replacement of Lenders 57 2.21 Defaulting Lenders 58 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 61 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 63 3.1 Revolving L/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 C Commitments 63 Section 3 - 4. REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 73 4.1 No Change 22 3.3 73 4.2 Existence; Compliance with Law 22 3.4 73 4.3 Power; Authorization; Enforceable Obligations 23 3.5 73 4.4 No Legal Bar 23 3.6 74 4.5 Litigation 23 3.7 74 4.6 No Default 23 3.8 74 4.7 Financial Statements 74 4.8 Indebtedness 75 4.9 Ownership of Property; Liens 24 3.9 75 4.10 Intellectual Property 75 4.11 Taxes 24 3.10 75 4.12 Permits 75 4.13 Agreements, Etc. 76 4.14 Federal Reserve Regulations 24 3.11 76 4.15 Labor Matters 76 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 24 3.12 77 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 78 4.21 Accuracy of Information, etcEtc. 25 3.13 Solvency 25 3.14 79 4.22 Security Documents 25 3.15 Principal Place 80 4.23 Solvency 80 4.24 Senior Indebtedness 80 4.25 Required Insurance 80 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 81 4.29 Federal Taxpayer Identification Number 81 Section 4 - 5. CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 81 5.1 Conditions to Effectiveness 28 Closing Date 81 5.2 Conditions to Each Extension of Credit 84 Section 5 - 6. AFFIRMATIVE COVENANTS 29 5.1 85 6.1 Financial Statements 29 5.2 85 6.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 86 6.3 Maintenance of Existence; Compliance 30 5.5 Compliance; Contractual Obligations 87 6.4 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3288

TABLE OF CONTENTS. Section 1 - 1. DEFINITIONS 1 6 1.1 Defined Terms 1 6 1.2 Other Definitional Provisions 12 24 Section 2 - THE INVESTMENTS 13 AMOUNT AND TERMS OF COMMITMENTS 24 2.1 Purchaser’s Investment Limits 13 Existing Obligations 24 2.2 [Reserved] 24 2.3 [Reserved] 24 2.4 Commitments 24 2.5 Procedure for Making Purchases 13 2.3 Sale Loan Borrowing 25 2.6 Commitment Fees, etc. 25 2.7 Termination or Reduction of Commitments 26 2.8 Optional Prepayments 26 2.9 Mandatory Prepayments 26 2.10 Conversion and Assignment 15 2.4 Continuation Options 27 2.11 Limitations on Eurodollar Tranches 27 2.12 Interest Rates and Payment Dates 27 2.13 Computation of Interest and Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 28 2.14 Inability to Determine Interest Rate 28 2.15 Pro Rata Treatment and Payments 16 2.7 28 2.16 Requirements of Law 16 2.8 29 2.17 Taxes 17 2.9 30 2.18 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 32 2.19 Joint and Several Liability 32 Section 3 - LETTERS OF CREDIT 32 3.1 L/C Commitment 32 3.2 Procedure for Issuance of Letters of Credit 33 3.3 L/C Fees and Other Charges 33 3.4 L/C Participations 33 3.5 L/C Reimbursement Obligation of the Borrowers 34 3.6 Obligations Absolute 34 3.7 Letter of Credit Payments 35 3.8 Applications 35 3.9 Existing Letters of Credit 35 Section 4 REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 35 4.1 Organization; Power and Authority 35 4.2 Due Authorization 36 4.3 Governmental Approval 36 4.4 Binding and Enforceable 36 4.5 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 Violation 36 4.6 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 36 4.7 Litigation 36 4.8 [Reserved] 36 4.9 Material Adverse Change 36 4.10 Investment Company Act; Other Regulations 24 3.12 Act 36 4.11 Environmental Matters 36 4.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 37 4.13 Employee Benefit Plans 37 4.14 Tax Returns and Payments 37 4.15 Security Documents 25 3.15 Principal Place 37 4.16 Ownership of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Property 37 Section 5 CONDITIONS PRECEDENT 37 5.1 Conditions of Initial Extension of Credit 37 5.2 Conditions to Each Extension of Credit 39 Section 6 AFFIRMATIVE COVENANTS 40 6.1 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Law; Maintenance of Existence 40 6.2 [Reserved] 40 6.3 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 40 6.4 Notices 40 6.5 Inspection 41 6.6 Maintenance of Property; Insurance 30 5.6 Inspection of 41 6.7 [Subsequent Acquired Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 New Subsidiaries 41 6.8 Collateral Information 43 6.9 Further Assurances 43 6.10 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books 43 Section 7 [RESERVED] 43 Section 8 NEGATIVE COVENANTS 43 8.1 Debt 43 8.2 Restricted Payments 43 8.3 Liens 44 8.4 Mergers 47 8.5 Asset sales 47 8.6 Investments 47 8.7 Transactions with Affiliates 49 8.8 Sales and Leasebacks 49 8.9 Changes in Fiscal Periods 49 8.10 NRG Credit Agreement 49 Section 9 EVENTS OF DEFAULT 50 Section 10 THE ADMINISTRATIVE AGENT 52 10.1 Appointment 52 10.2 Delegation of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment Duties 53 10.3 Exculpatory Provisions 53 10.4 Reliance by Administrative Agent 53 10.5 Notice of Receivables 32 5.14 Status of Scheduled Receivables 32Default 54 10.6 Non-Reliance on Administrative Agent and Other Lenders 54 10.7 Indemnification 54 10.8 Agent in Its Individual Capacity 55 10.9 Successor Administrative Agent 55 Section 11 MISCELLANEOUS 55 11.1 Amendments and Waivers 55 11.2 Notices 56

TABLE OF CONTENTS. Section 1 - 1. DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 12 36 Section 2 - THE INVESTMENTS 13 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Purchaser’s Investment Limits 13 Term Commitments 38 2.2 Procedure for Making Purchases 13 Term Loan Borrowing 38 2.3 Sale Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Assignment 15 2.4 Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 16 2.7 48 2.16 Requirements of Law 16 2.8 50 2.17 Taxes 17 2.9 51 2.18 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 C Commitments 62 Section 3 - 4. REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 72 4.1 No Change 22 3.3 72 4.2 Existence; Compliance with Law 22 3.4 72 4.3 Power; Authorization; Enforceable Obligations 23 3.5 73 4.4 No Legal Bar 23 3.6 73 4.5 Litigation 23 3.7 74 4.6 No Default 23 3.8 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 24 3.9 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 24 3.10 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 24 3.11 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 24 3.12 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, etcEtc. 25 3.13 Solvency 25 3.14 78 4.22 Security Documents 25 3.15 Principal Place 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 80 4.29 Federal Taxpayer Identification Number 80 Section 4 - 5. CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 80 5.1 Conditions to Effectiveness 28 Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 5 - 6. AFFIRMATIVE COVENANTS 29 5.1 84 6.1 Financial Statements 29 5.2 84 6.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 85 6.3 Maintenance of Existence; Compliance 30 5.5 Maintenance of PropertyCompliance; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Contractual Obligations 87

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 1. DESCRIPTION OF TRANSACTION 2 1.1 Defined Terms 1 Merger of Merger Sub into the Company 2 1.2 Other Definitional Provisions 12 Effects of the Merger 2 1.3 Closing; Effective Time 2 1.4 Certificate of Incorporation and Bylaws; Directors and Officers 2 1.5 Conversion of Shares 2 1.6 Closing of the Company’s Transfer Books 3 1.7 Exchange of Certificates 4 1.8 Issuance of Shares of Surviving Corporation 5 1.9 Tax Consequences 5 1.10 Further Action 6 1.11 Dissenting Shares 6 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - 2. REPRESENTATIONS AND WARRANTIES 22 3.1 OF THE COMPANY 6 2.1 Subsidiaries; Due Organization; Etc. 6 2.2 Certificate of Incorporation and Bylaws 7 2.3 Capitalization; Ownership of Subsidiary 7 2.4 Financial Condition 22 3.2 No Change 22 3.3 ExistenceStatements 9 2.5 Absence of Changes 10 2.6 Title to Tangible Assets 11 2.7 Equipment; Real Property; Leasehold 12 2.8 Intellectual Property 12 2.9 Contracts 15 2.10 Liabilities 18 2.11 Compliance with Law 22 3.4 PowerLegal Requirements; AuthorizationRegulatory Matters 18 2.12 Certain Business Practices 19 2.13 Governmental Authorizations 19 2.14 Tax Matters 20 2.15 Employee and Labor Matters; Enforceable Obligations 23 3.5 No Benefit Plans 21 2.16 Environmental Matters 24 2.17 Insurance 25 2.18 Transactions with Affiliates 25 2.19 Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership Proceedings; Orders 25 2.20 Authority; Binding Nature of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy Agreement 25 2.21 Inapplicability of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place Section 203 of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering the DGCL and other Anti-Terrorist Laws 25 takeover Statute 26 2.22 Vote Required 26 2.23 Non-Contravention; Consents 26 2.24 No Broker Fee 27 2.25 Acknowledgement by the Company 27 2.26 Private Placement 27 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 3. REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates3.1 Subsidiaries; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of ExistenceDue Organization; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment 28 3.2 Certificate of Receivables 32 5.14 Status of Scheduled Receivables 32Incorporation and Articles 28

TABLE OF CONTENTS. Section Page SECTION 1 - DEFINITIONS 1 1.1 1.1. Defined Terms 1 1.2 1.2. Other Definitional Provisions 12 Section Provisions; Pro Forma Calculations 32 SECTION 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 AMOUNT AND TERMS OF COMMITMENTS 34 2.1. Loans and Commitments 34 2.2. Procedure for Making Purchases 13 2.3 Sale Borrowing 40 2.3. Repayment of Loans 41 2.4. Swingline Commitment 43 2.5. Procedure for Swingline Borrowing; Refunding of Swingline Loans 43 2.6. Fees, Etc 45 2.7. Termination or Reduction of Commitments 45 2.8. Optional Prepayments 45 2.9. Mandatory Prepayments 48 2.10. Conversion and Assignment 15 2.4 Continuation Options 49 2.11. Limitations on Eurodollar Tranches 50 2.12. Interest Rates and Payment Dates 50 2.13. Computation of Interest and Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 50 2.14. Inability to Determine Interest Rate 51 2.15. Pro Rata Treatment and Payments 16 2.7 51 2.16. Requirements of Law 16 2.8 52 2.17. Taxes 17 2.9 53 2.18. Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments55 2.19. Change of Lending Office 56 2.20. Replacement of Lenders 56 2.21. Defaulting Lenders 57 2.22. Obligations of Lenders Several 59 2.23. Permitted Debt Exchanges 59 SECTION 3 LETTERS OF CREDIT 62 3.1. L/Deferred Purchase Price 19 2.12 Repurchases C Commitment 62 3.2. Procedure for Issuance of Purchased Assets: Deemed Collections 20 2.13 Application Letter of Collections 21 Section 3 - Credit 63 3.3. Fees and Other Charges 63 3.4. L/C Participations 64 3.5. Reimbursement Obligation of the Borrower 64 3.6. Obligations Absolute 65 3.7. Letter of Credit Payments 65 3.8. Cash Collateral 65 3.9. Applications 66 3.10. Applicability of ISP and UCP 66 SECTION 4 REPRESENTATIONS AND WARRANTIES 22 3.1 67 4.1. Financial Condition 22 3.2 67 4.2. No Change 22 3.3 67 4.3. Existence; Compliance with Law 22 3.4 67 4.4. Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3267

TABLE OF CONTENTS. Section Page ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS 1 - DEFINITIONS 1 1.1 1.01 Defined Terms 1 1.2 1.02 Other Definitional Interpretive Provisions 12 Section 2 - 21 1.03 Accounting Terms 21 1.04 Rounding 22 1.05 Times of Day 22 1.06 Letter of Credit Amounts 22 1.07 Interpretation and Construction of Exceptions/Carveouts to Article VII Negative Covenants 22 1.08 Exchange Rates; Currency Equivalents 22 ARTICLE II. THE INVESTMENTS 13 2.1 PurchaserCOMMITMENTS AND CREDIT EXTENSIONS 23 2.01 Loans 23 2.02 Borrowings, Conversions and Continuations of Committed Loans 23 2.03 Letters of Credit 25 2.04 Repayment of Loans 32 2.05 Prepayments 33 2.06 Termination or Reduction of Commitments 33 2.07 Interest 34 2.08 Fees 35 2.09 Computation of Interest and Fees 35 2.10 Evidence of Debt 35 2.11 Payments Generally; Agent’s Investment Limits 13 2.2 Procedure Clawback 36 2.12 Sharing of Payments 38 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY 38 3.01 Taxes 38 3.02 Illegality 39 3.03 Inability to Determine Rates 40 3.04 Increased Costs 40 3.05 Compensation for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements Losses 41 3.06 Mitigation Obligations 42 3.07 Survival 42 ARTICLE IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 42 4.01 Conditions of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - Initial Credit Extension 42 4.02 Conditions to all Credit Extensions 43 ARTICLE V. REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 44 5.01 Existence; Compliance with Law 22 3.4 Power; , Qualification and Power 44 5.02 Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Contravention 44 5.03 Governmental Authorization; Other Consents 44 5.04 Binding Effect 44 5.05 Financial Statements; No Material Adverse Effect; No Internal Control Event 45 5.06 Litigation 23 3.7 45 5.07 No Default 23 3.8 45 5.08 Ownership of Property; Liens 24 3.9 46 5.09 Environmental Compliance 46 5.10 Insurance 46 5.11 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 46 5.12 ERISA Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3246 Page

TABLE OF CONTENTS. Section Page SECTION 1 - DEFINITIONS AND INTERPRETATION 1 1.1 Defined Terms Definitions 1 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds Terms 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens1.3 Interpretation, Etc. 32 1.4 Timing of Performance 32 1.5 Currency Generally 32 1.6 Divisions 33 1.7 Negative Covenant Compliance 33 SECTION 2 LOANS 33 2.1 Term Loans 33 2.2 Pro Rata Shares 34 2.3 Use of Proceeds 34 2.4 Evidence of Debt; Notes 34 2.5 Interest on Loans 34 2.6 Conversion and Continuation 35 2.7 Default Interest 36 2.8 Fees 36 2.9 Maturity 37 2.10 Voluntary Prepayments 37 2.11 Mandatory Prepayments 37 2.12 Application of Prepayments 39 2.13 General Provisions Regarding Payments 39 2.14 Ratable Sharing 40 2.15 Making or Maintaining Eurodollar Loans 41 2.16 Increased Costs; Capital Adequacy 42 2.17 Taxes; Withholding, Etc. 43 2.18 Obligation to Mitigate 47 2.19 Replacement of Lenders 47 2.20 Defaulting Lenders 48 SECTION 3 CONDITIONS PRECEDENT 49 3.1 Closing Date 49 SECTION 4 REPRESENTATIONS AND WARRANTIES 51 4.1 Organization; Required Power and Authority; Qualification 51 4.2 Equity Interests and Ownership 51 4.3 Due Authorization 51 4.4 No Conflict 51 4.5 Governmental Consents 52 4.6 Binding Obligation 52 4.7 Historical Financial Statements 52 4.8 No Material Adverse Change 52 4.9 Adverse Proceedings 52 4.10 Payment of Taxes 52 4.11 Title 52 4.12 Real Estate Assets 53 4.13 Environmental Matters 53 4.14 Investment Company Regulation 53 4.15 Margin Stock 53 4.16 Employee Matters 53 4.17 Employee Benefit Plans 54 4.18 Solvency 54 4.19 Compliance with Laws 54 4.20 Disclosure 54 4.21 Collateral 55 4.22 Status as Senior Indebtedness 55 4.23 Intellectual Property 55 SECTION 5 AFFIRMATIVE COVENANTS 55 5.1 Financial Statements and Other Reports and Notices 55 5.2 Existence 57 5.3 Payment of Taxes and Claims 58 5.4 Maintenance of Properties 58 5.5 Insurance 58 5.6 Books and Records 58 5.7 Inspections 58 5.8 Lenders Meetings 59 5.9 Compliance with Laws 59 5.10 Environmental 59 5.11 Subsidiaries 59 5.12 Material Real Estate 60 5.13 Extension Use of Proceeds 61 5.14 Further Assurances 61 5.15 Post-Closing Obligations 62 SECTION 6 NEGATIVE COVENANTS 62 6.1 Indebtedness 62 6.2 Liens 65 6.3 Payments and Prepayments of Certain Indebtedness 69 6.4 Restricted Payments 70 6.5 Burdensome Agreements 72 6.6 Investments 73 6.7 Fundamental Changes 76 6.8 Asset Sales 77 6.9 Sales and Lease-Backs 79 6.10 Transactions with Affiliates 79 6.11 Fiscal Year 80 SECTION 7 GUARANTY 80 7.1 Guaranty of the Obligations 80 7.2 Contribution by Guarantors 80 7.3 Payment by Guarantors 80 7.4 Liability of Guarantors Absolute 81 7.5 Waivers by Guarantors 82 7.6 Guarantors’ Rights of Subrogation, Contribution, Etc. 83 7.7 Subordination of Other Obligations 83 7.8 Continuing Guaranty 84 7.9 Authority of Guarantors or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32the Borrower 84

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 1. The Offer 2 1.1 Defined Terms 1 The Offer 2 1.2 Other Definitional Provisions 12 Company Actions 4 1.3 Directors 7 Section 2 - THE INVESTMENTS 13 2. Merger Transaction 9 2.1 Purchaser’s Investment Limits 13 Merger of Purchaser into the Company 9 2.2 Procedure for Making Purchases 13 Effect of the Merger 9 2.3 Sale Closing; Effective Time 9 2.4 Merger Without Meeting of Stockholders 9 2.5 Certificate of Incorporation and Assignment 15 2.4 Fees 15 2.5 Computation Bylaws; Directors and Payments; Commitment Fees 15 Officers 10 2.6 Pro Rata Treatment and Payments 16 Conversion of Shares 10 2.7 Requirements Surrender of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment Stock Transfer Books 11 2.8 Appraisal Rights 13 2.9 Further Action 13 Section 3. Representations and Warranties of Obligations 30 5.4 Maintenance of Existencethe Company 13 3.1 Due Organization; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, LiensSubsidiaries, Etc. 13 3.2 Certificate of Incorporation and Bylaws; Minutes 14 3.3 Capitalization, Etc. 14 3.4 SEC Filings; Financial Statements 16 3.5 Absence of Changes 19 3.6 Title to Assets 19 3.7 Real Property; Equipment 19 3.8 Intellectual Property 20 3.9 Contracts 23 3.10 Liabilities 26 3.11 Compliance with Legal Requirements 26 3.12 Regulatory Matters 27 3.13 Product Registration Files 29 3.14 Certain Business Practices 29 3.15 Communications 30 3.16 Tax Matters 30 3.17 Employee Matters; Benefit Plans 32 5.13 Extension or Amendment 3.18 Environmental Matters 37 3.19 Insurance 38 3.20 Transactions with Affiliates 39 3.21 Legal Proceedings; Orders 39 3.22 Authority; Binding Nature of Receivables 32 5.14 Status Agreement 39 3.23 Section 203 of Scheduled Receivables 32the DGCL, Etc. Not Applicable 40 3.24 Vote Required 40 3.25 Non-Contravention; Consents 40 3.26 Fairness Opinion 41 3.27 Financial Advisor 41 3.28 Conflict Minerals 41 3.29 Disclosure 41 Section 4. Representations and Warranties of Parent and Purchaser 42 4.1 Due Organization 42 4.2 Purchaser 42 4.3 Authority; Binding Nature of Agreement 42 4.4 Non-Contravention; Consents 43 4.5 Disclosure 43 4.6 Absence of Litigation 44 4.7 Funds 44 4.8 Ownership of Company Common Stock 45 Section 5. Certain Covenants of the Company 45 5.1 Access and Investigation 45 5.2 Notification of Certain Events 46 5.3 Operation of the Company’s Business 46 5.4 No Solicitation 51 5.5 Third Party Notices 53 Section 6. Additional Covenants of the Parties 53 6.1 Filings and Approvals 53 6.2 Company Options, Company RSUs, Company PSUs, Company Stock Awards, ESPP Purchase Rights 55 6.3 Employee Benefits 58 6.4 Compensation Arrangements 60 6.5 Indemnification of Officers and Directors 60 6.6 Securityholder Litigation 62 6.7 Third Party Consents 62

TABLE OF CONTENTS. Section Page SECTION 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 12 Section 47 1.3 Interest Rates; Benchmark Notification 48 1.4 Letter of Credit Amounts 48 1.5 Divisions 48 1.6 Limited Condition Acquisitions 48 SECTION 2 - THE INVESTMENTS 13 AMOUNT AND TERMS OF COMMITMENTS 49 2.1 Purchaser’s Investment Limits 13 Commitments 49 2.2 Procedure for Making Purchases 13 Revolving Loan Borrowing 49 2.3 Sale Protective Advances 50 2.4 [Reserved] 50 2.5 [Reserved] 50 2.6 [Reserved] 50 2.7 [Reserved] 50 2.8 Fees, etc. 51 2.9 Termination or Reduction of Commitments 51 2.10 Optional Prepayments 51 2.11 Prepayment of Loans 51 2.12 Conversion and Assignment 15 2.4 Continuation Options 52 2.13 Limitations on Term Benchmark Borrowings 52 2.14 Interest Rates and Payment Dates 53 2.15 Computation of Interest and Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 53 2.16 Inability to Determine Interest Rate 53 2.17 Pro Rata Treatment and Payments 16 2.7 56 2.18 Requirements of Law 16 2.8 58 2.19 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments59 2.20 Break Funding Payments 62 2.21 Change of Lending Office 63 2.22 Replacement of Lenders 63 2.23 Defaulting Lenders 63 2.24 Incremental Facilities 65 SECTION 3 LETTERS OF CREDIT 66 3.1 L/Deferred Purchase Price 19 2.12 Repurchases C Commitment 66 3.2 Procedure for Issuance of Purchased Assets: Deemed Collections 20 2.13 Application Letter of Collections 21 Section 3 - Credit 66 3.3 Fees and Other Charges 67 3.4 L/C Participations 67 3.5 Reimbursement Obligation of the Borrower 68 3.6 Obligations Absolute 68 3.7 Letter of Credit Payments 69 3.8 Applications 69 SECTION 4 REPRESENTATIONS AND WARRANTIES 22 3.1 69 4.1 Financial Condition 22 3.2 69 4.2 No Change 22 3.3 69 4.3 Existence; Compliance with Law 22 3.4 70 4.4 Power; Authorization; Enforceable Obligations 23 3.5 70 4.5 No Legal Bar 23 3.6 70 4.6 Litigation 23 3.7 70 4.7 No Default 23 3.8 70 4.8 Ownership of Property; Liens 24 3.9 70 4.9 Intellectual Property 71 4.10 Taxes 24 3.10 71 4.11 Federal Regulations 24 3.11 71 4.12 Labor Matters 71 4.13 ERISA 71 4.14 Investment Company Act; Other Regulations 24 3.12 72 4.15 Subsidiaries; Capital Stock 72 4.16 Use of Proceeds 72 4.17 Environmental Matters 72 4.18 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 73 4.19 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and 74 4.20 Solvency 74 4.21 Senior Indebtedness 74 4.22 Regulation H 74 4.23 Anti-Terrorist Corruption Laws 25 Section 4 - and Sanctions 74 4.24 Affected Financial Institutions 75 4.25 Plan Asset Matters 75 SECTION 5 CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 75 5.1 Conditions to Effectiveness 28 Section 5 - Amendment and Restatement of Existing Credit Agreement and Initial Extension of Credit 75 5.2 Conditions to Each Extension of Credit 78 SECTION 6 AFFIRMATIVE COVENANTS 29 5.1 79 6.1 Financial Statements 29 5.2 79 6.2 Certificates; Borrowing Base; Other Information 29 5.3 80 6.3 Payment of Obligations 30 5.4 82 6.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3282

TABLE OF CONTENTS. Section 1 - ARTICLE I DEFINITIONS 1 1.1 2 1.01 Certain Defined Terms 1 1.2 2 1.02 Other Definitional Interpretive Provisions 12 Section 2 - 26 1.03 Accounting Principles 27 ARTICLE II THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 CREDITS 27 2.01 Amounts and Terms of Revolving Loan Commitments 27 2.02 Loan Accounts 29 2.03 Procedure for Making Purchases 13 2.3 Sale Borrowing 29 2.04 Conversion and Assignment 15 2.4 Continuation Elections 30 2.05 Voluntary Termination or Reduction of Revolving Loan Commitments 31 2.06 Optional Prepayments 32 2.07 Mandatory Prepayments of Loans; Mandatory Commitment Reductions 32 2.08 Repayment 33 2.09 Interest 34 2.10 Fees 15 2.5 34 2.11 Computation of Fees and Interest 35 2.12 Payments by the Borrower 35 2.13 Payments by the Banks to the Administrative Agent 36 2.14 Sharing of Payments, Etc. 37 2.15 Discretionary Swingline Loans 37 ARTICLE III THE LETTERS OF CREDIT 38 3.01 The Letter of Credit Subfacility 38 3.02 Issuance, Amendment and Renewal of Letters of Credit 40 3.03 Existing Letters of Credit; Commitment Risk Participations, Drawings and 42 Reimbursements 3.04 Repayment of Participations 43 3.05 Role of the Issuing Banks 44 3.06 Obligations Absolute 44 3.07 Cash Collateral Pledge 45 3.08 Letter of Credit Fees 15 2.6 Pro Rata Treatment 46 3.09 Uniform Customs and Payments 16 2.7 Requirements Practice 46 ARTICLE IV TAXES, YIELD PROTECTION AND ILLEGALITY 46 4.01 Taxes 46 4.02 Illegality 47 4.03 Increased Costs and Reduction of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - Return 48 4.04 Funding Losses 49 4.05 Inability to Determine Rates 49 4.06 Survival 49 ARTICLE V CONDITIONS PRECEDENT 50 5.01 Conditions to Effectiveness 50 5.02 Conditions to All Credit Extensions 52 ARTICLE VI REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; 53 6.01 Corporate or Partnership Existence and Power 53 6.02 Corporate or Partnership Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Contravention 53 6.03 Governmental Authorization 53 6.04 Binding Effect 54 6.05 Litigation 23 3.7 54 6.06 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3254 6.07

TABLE OF CONTENTS. ARTICLE 1 Definitions Section 1 - DEFINITIONS 1 1.1 1.01. Defined Terms 1 1.2 Other Definitional Provisions 12 Section 1.02. Classification of Loans and Borrowings 47 Section 1.03. Terms Generally 47 Section 1.04. Accounting Terms; GAAP 47 Section 1.05. Divisions 48 Section 1.06. Benchmark Replacement 48 Section 1.07. Timing of Payment or Performance 48 Section 1.08. Negative Covenants 48 Section 1.09. Rates 48 ARTICLE 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale Loans and Assignment 15 2.4 Fees 15 2.5 Computation Letters of Credit Section 2.01. Loans 49 Section 2.02. [Reserved] 50 Section 2.03. Issuance of Letters of Credit and Payments; Commitment Fees 15 2.6 Purchase of Participations Therein 50 Section 2.04. Pro Rata Treatment and Payments 16 2.7 Requirements Shares; Availability of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases Funds 55 Section 2.05. Evidence of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 ExistenceDebt; Compliance with Law 22 3.4 PowerRegister; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Lenders’ Books and Records; Discussions 30 5.7 Notes 56 Section 2.06. Interest on Loans 57 Section 2.07. [Reserved] 59 Section 2.08. Default Interest 59 Section 2.09. Fees 59 Section 2.10. Prepayment of Loans 60 Section 2.11. Voluntary Prepayments/Commitment Reductions 60 Section 2.12. Mandatory Prepayments 62 Section 2.13. Application of Prepayments/Reductions 62 Section 2.14. General Provisions Regarding Payments 62 Section 2.15. Interest Elections 64 Section 2.16. Making or Maintaining Term SOFR Loans 65 Section 2.17. Increased Costs 67 Section 2.18. Taxes 68 Section 2.19. Pro Rata Treatment; Sharing of Set-offs 72 Section 2.20. Mitigation Obligations; Replacement of Lenders 73 Section 2.21. Benchmark Replacement Setting 74 Section 2.22. Defaulting Lenders 75 Section 2.23. Incremental Facilities 77 Section 2.24. Notices 30 5.8 Use 79 Section 2.25. Extensions of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, EtcLoans 80 ARTICLE 3 Representations and Warranties Section 3.01. 32 5.13 Extension or Amendment of Receivables 32 5.14 Organization; Powers 83 Section 3.02. Authorization; Enforceability 83 |US-DOCS\140731213.5|| Section 3.03. Governmental Approvals; No Conflicts 83 Section 3.04. Financial Condition; No Material Adverse Change 84 Section 3.05. Properties 84 Section 3.06. Litigation and Environmental Matters 85 Section 3.07. No Defaults 85 Section 3.08. Compliance with Laws and Agreements 85 Section 3.09. Investment Company Status of Scheduled Receivables 3285 Section 3.10. Taxes 85 Section 3.11. Disclosure 86 Section 3.12. Subsidiaries 86 Section 3.13. ERISA 86 Section 3.14. Solvency 87 Section 3.15. Anti-Terrorism Laws; Sanctions. 87 Section 3.16. FCPA; Anti-Corruption 88 Section 3.17. Federal Reserve Regulations 89 Section 3.18. Collateral Documents 89 ARTICLE 4 Conditions Section 4.01. Effective Date 90 Section 4.02. Each Credit Event 92 ARTICLE 5 Affirmative Covenants

TABLE OF CONTENTS. Section ARTICLE 1 - DEFINITIONS INTERPRETATION 1 1.1 Defined Terms 1.01 Definitions 1 1.2 Other Definitional Provisions 12 Section 1.02 Headings 29 1.03 Number 30 1.04 Accounting Principles 30 1.05 Accounting Practices 30 1.06 Currency 30 1.07 Paramountcy 30 1.08 Non-Business Days 31 1.09 Statutory and Material Contract References 31 1.10 Interest Payments and Calculations 31 1.11 Determination by the Borrower 32 1.12 Schedules 33 ARTICLE 2 - THE INVESTMENTS 13 2.1 PurchaserLOAN FACILITY 33 2.01 Loan Facility 33 2.02 Purpose of Loan Facility 34 2.03 Advances 34 2.04 Agent’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale Obligations with Respect to Advances 35 2.05 Lenders’ and Assignment 15 2.4 Agent’s Obligations with Respect to Advances 35 2.06 Irrevocability 35 ARTICLE 3 DISBURSEMENT CONDITIONS 35 3.01 Conditions Precedent to all Advances 35 3.02 Conditions Precedent to Subsequent Advances under Tranche 2 37 3.03 Conditions Precedent to Subsequent Advances under Tranche 3 38 3.04 Waiver 38 ARTICLE 4 PAYMENTS OF INTEREST AND FEES 39 4.01 Interest on Advances 39 4.02 No Set-Off, Deduction etc. 39 4.03 Fees 15 2.5 Computation 39 4.04 Warrant Fee 39 4.05 Account of Record 40 4.06 Maximum Rate of Interest 40 ARTICLE 5 REPAYMENT 41 5.01 Mandatory Repayment of Principal at Maturity 41 5.02 Voluntary Repayments 41 5.03 Make-Whole Premium 42 ARTICLE 6 PLACE AND APPLICATION OF PAYMENTS 42 6.01 Place of Payment of Principal, Interest and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - 42 ARTICLE 7 REPRESENTATIONS AND WARRANTIES 22 3.1 42 7.01 Representations and Warranties 42 7.02 Survival and Repetition of Representations and Warranties 50 ARTICLE 8 COVENANTS 51 8.01 Positive Covenants 51 8.02 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Covenants 55 8.03 Reporting Requirements 55 8.04 Negative Covenants 57 8.05 Restricted and Unrestricted Subsidiaries 63 ARTICLE 9 DEFAULT 65 9.01 Events of Default 65 9.02 Acceleration and Termination of Rights 68 9.03 Remedies Cumulative and Waivers 69 9.04 Termination of Lenders’ Obligations 69 9.05 Perform Obligations 69 9.06 Third Parties 70 ARTICLE 10 COSTS, EXPENSES AND INDEMNIFICATION 70 10.01 Costs and Expenses 70 10.02 Indemnification by the Borrower 70 10.03 Specific Environmental Indemnification 71 10.04 Exclusion 71 ARTICLE 11 THE AGENT AND THE LENDERS 72 11.01 Appointment 72 11.02 Indemnity from Lenders 72 11.03 Exculpation 73 11.04 Reliance on Information 73 11.05 Knowledge and Required Action 73 11.06 Request for Instructions 74 11.07 The Agent Individually 74 11.08 Resignation and Termination 74 11.09 Actions by Lenders 75 11.10 Provisions for Benefit of Lenders Only 75 11.11 Payments by Agent 76 11.12 Direct Payments 76 11.13 Acknowledgements, Representations and Covenants of Lenders 77 11.14 Rights of Agent 78 11.15 Collective Action of the Lenders 78 11.16 Non-Funding Lenders 79 11.17 European Union Bail-In Action. 81 ARTICLE 12 TAXES 82 12.01 Taxes 82 ARTICLE 13 SUCCESSORS AND ASSIGNS AND ADDITIONAL LENDERS 85 13.01 Successors and Assigns 85 13.02 Assignments 86 13.03 Participations 87 ARTICLE 14 GENERAL 88 14.01 Exchange and Confidentiality of Information 88 14.02 Nature of Obligations under this Agreement 89 14.03 Notice 90 14.04 Governing Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership 90 14.05 Judgment Currency 90 14.06 Benefit of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy the Agreement 91 14.07 Severability 91 14.08 Whole Agreement 91 14.09 Further Assurances 91 14.10 Waiver of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place Jury Trial 92 14.11 Consent to Jurisdiction 92 14.12 Time of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with the Essence 92 14.13 Counterparts 92 14.14 Delivery by Facsimile Transmission 93 14.15 Term of Agreement 93 14.16 USA Patriot Act 93 14.17 Anti-Money Laundering Legislation 93 LOAN AGREEMENT THIS LOAN AGREEMENT is made as of September 12, 2018 AMONG: JUST ENERGY GROUP INC., a corporation existing under the laws of Canada (hereinafter referred to as the “Borrower”) NATIONAL BANK OF CANADA, in its capacity as Administrative Agent (hereinafter referred to as the “Agent”) SAGARD CREDIT PARTNERS, LP, and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent each other Person from time to Initial Purchase 26 4.2 Conditions Precedent time party to All Purchases 27 4.3 Conditions this Agreement as a Lender (hereinafter in such capacities individually referred to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books as a “Lender” and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Officescollectively in such capacities referred to as, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32the “Lenders”)

TABLE OF CONTENTS. ARTICLE I Definitions 2 Section 1 - DEFINITIONS 1 1.1 1.01 Defined Terms 1 1.2 Other Definitional Provisions 12 2 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure 1.02 Terms Generally 25 Section 1.03 Accounting Terms 25 Section 1.04 Rounding 26 Section 1.05 Timing of Payment or Performance 26 Section 1.06 Classification 26 Section 1.07 References to Laws 27 Section 1.08 Interest Rates; LIBOR Notification 27 ARTICLE II The Commitments and Borrowings 27 Section 2.01 The Loans 27 Section 2.02 Loans and Borrowings 28 Section 2.03 Requests for Making Purchases 13 2.3 Sale Borrowings and Assignment 15 2.4 Notices 28 Section 2.04 [Reserved] 29 Section 2.05 Funding of Borrowings 29 Section 2.06 Reserved 29 Section 2.07 Repayment of Loans; Termination of Commitments 29 Section 2.08 Evidence of Debt 30 Section 2.09 Fees 15 2.5 Computation and Payments31 Section 2.10 Interest 31 Section 2.11 Alternate Rate of Interest 32 Section 2.12 Extension Option 32 Section 2.13 [Reserved] 33 Section 2.14 Taxes 33 Section 2.15 Payments Generally; Commitment Fees 15 2.6 Pro Rata Treatment Treatment; Sharing of Set-offs 36 Section 2.16 Mitigation Obligations; Replacement of Lenders 38 Section 2.17 Illegality 39 Section 2.18 Defaulting Lenders 39 ARTICLE III Representations and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Warranties 40 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 3.01 Organization; Powers 41 Section 3.02 Authorization 41 Section 3.03 Enforceability 41 Section 3.04 Governmental Approvals 42 Section 3.05 Financial Condition 22 3.2 42 Section 3.06 No Change 22 3.3 ExistenceMaterial Adverse Effect 42 Section 3.07 Properties 42 Section 3.08 Capitalization and Subsidiaries 42 Section 3.09 Litigation; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 Laws 43 Section 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Act 43 Section 3.11 Use of Proceeds 43 Section 3.12 Federal Reserve Regulations 24 3.12 Accuracy of Information, etc. 25 43 Section 3.13 Solvency 25 Tax 43 Section 3.14 Disclosure 44 Section 3.15 Employee Benefit Plans 44 Section 3.16 Environmental Matters 45 Section 3.17 Security Documents 25 3.15 Principal Place 45 Section 3.18 Affiliate Transactions 45 Section 3.19 Labor Matters 45 Section 3.20 Insurance 46 Section 3.21 USA PATRIOT Act and OFAC 46 Section 3.22 EEA Financial Institution. No Loan Party is an EEA Financial Institution 46 Section 3.23 Plan Assets 46 Section 3.24 Accounts 46 Section 3.25 Approved Budget 47 Section 3.26 Material Agreements 47 Section 3.27 Chapter 11 Cases 47 ARTICLE IV Conditions of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Lending 47 Section 4 - CONDITIONS PRECEDENT 26 4.1 4.01 Closing Date 47 Section 4.02 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Delayed Draw Term Loans 51 ARTICLE V Affirmative Covenants 52 Section 5 - COVENANTS 29 5.1 5.01 Existence; Conduct of Business 52 Section 5.02 Insurance 52 Section 5.03 Taxes 53 Section 5.04 Financial Statements 29 5.2 Certificates; Statements, Reports and Other Information 29 5.3 53 Section 5.05 Notices of Material Events 56 Section 5.06 Compliance with Laws 57 Section 5.07 Maintaining Records; Access to Properties and Inspections 57 Section 5.08 Compliance with Environmental Laws 58 Section 5.09 Further Assurances; Mortgages 58 Section 5.10 Fiscal Year; Accounting 59 Section 5.11 [Reserved] 59 Section 5.12 Collateral Monitoring and Reporting 59 Section 5.13 Use of Proceeds 59 Section 5.14 Approved Budget 59 Section 5.15 [Reserved] 60 Section 5.16 Material Agreements 60 Section 5.17 Status Calls 60 Section 5.18 Administrative Agent Professionals 60 Section 5.19 [Reserved] 60 Section 5.20 Debtor-In-Possession Obligations 61 Section 5.21 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3261

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1. SUBLEASE/UNDERLYING LEASE 1 1.1 Defined Terms Sublease Intended 1 1.2 Other Definitional Provisions 12 Section Effective Date 1 2. DEMISEMENT 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale 3. TERM OF SUBLEASE 2 4. BASIC RENTAL/SECURITY DEPOSIT 2 4.1 Amount 2 4.2 Electricity 2 4.3. Contemporaneous Basic Rental and Electrical Charge Payment 2 4.4 Security Deposit 2 5. COMPLIANCE WITH TERMS OF UNDERLYING LEASE 3 5.1 Subject to Underlying Lease 3 5.2 Breach by Sublessee 3 5.3 Breach by Landlord 3 5.4 Consent 3 6. USE OF SUB-PREMISES 4 7. INSURANCE/ACCIDENTAL DAMAGE OR INJURY 4 8. DAMAGE OR DESTRUCTION 4 9. REPAIRS 4 10. ALTERATIONS, ADDITIONS, OR IMPROVEMENTS 4 11. LIENS 4 12. ACCESS TO PREMISES 4 13. ADVERTISEMENTS 5 14. SALES, ASSIGNMENTS, AND SUBLEASES 5 14.1 Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements or Subletting 5 14.2. No Assignment by Operation of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases 5 14.3 Default 5 15. QUIET ENJOYMENT 5 16. EMINENT DOMAIN 5 17. NO RENEWAL, FIRST REFUSAL OR EXPANSION OPTION 5 18. DEFAULT BY SUBLESSOR 5 19. DEFAULT BY SUBLESSEE 5 19.1 Right to Terminate 5 19.2. Rental Liability Not Extinguished 6 19.3 Deficiency Payment 6 20. INSOLVENCY OR BANKRUPTCY 6 21. TERMINATION AND SURRENDER 6 21.1 Notice 6 21.2 Keys 6 21.3 Acceptance by Sublessor 6 22. REMOVAL OF PERSONAL PROPERTY 6 22.1 Right 6 22.2. Repairs 7 22.3 Early Termination of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - Possession 7 23. HOLDING OVER 7 23.1 Month-to-Month 7 23.2 Rental Rate 7 24. WARRANTIES REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with COVENANTS 7 24.1 By Sublessor 7 24.2 By Sublessee 8 25. MISCELLANEOUS 8 25.1 Interest of Successors 8 25.2 Notices 8 25.3. Expenses, Costs of Litigation 9 25.4. Jurisdiction and Venue 9 25.5. Governing Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership 9 25.6. Paragraph Headings 9 25.7. Counterparts 9 25.8. Waiver of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Breach 9 26. DEFINITIONS 9 26.1 Underlying Lease Definitions 9 26.2 Other Regulations 24 3.12 Accuracy 9 EXHIBIT A 13 EXHIBIT B 14 EXHIBIT C 15 SUBLEASE AGREEMENT THIS SUBLEASE AGREEMENT (this “Agreement”) is made as of Informationthe date last below written, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering by and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books between LIONBRIDGE TECHNOLOGIES, INC., a Delaware corporation (“Sublessor”) and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 OfficesAIRPATH WIRELESS, RecordsINC., Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32a Delaware corporation (“Sublessee”).

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 1.1 ​ ​ ​ ​ Page ​ ​ ​ ​ ​ ​ Contents ​ 1. Defined Terms 1 1.2 Other Definitional Provisions 2. Contribution; Total Consideration; Inspection and Title. 6 ​ 2.1 Contribution of the Company 6 ​ 2.2 Excluded Assets 6 ​ 2.3 Assumed Liabilities 6 ​ 2.4 Excluded Liabilities 6 ​ 2.4.1 Intentionally Omitted 6 ​ 2.4.2 Intentionally Omitted 6 ​ 2.4.4 Intentionally Omitted 6 ​ 2.5 Consideration and Exchange of Series T Limited Units 6 ​ 2.6 Treatment as Contribution 6 ​ 2.7 Allocation of Total Consideration 6 ​ 2.8 Terms of Series T Limited Units 7 ​ 2.9 Intentionally Omitted 7 ​ 2.10 Management Company 7 ​ 2.11 Risk of Loss 7 ​ 2.12 Escrow 7 ​ 2.13 Title 8 ​ 2.14 Due Diligence Period 8 ​ 2.14.1 The Operating Partnership 8 ​ 2.14.2 Intentionally Omitted 8 ​ 2.14.3 Access by the Operating Partnership 8 3. Closing 9 ​ 3.1 Conditions Precedent 9 ​ 3.2 Time and Place 11 ​ 3.3 Closing Deliveries 11 ​ 3.4 Closing Costs 12 Section 2 - THE INVESTMENTS 4. Representations and Warranties and Indemnities 12 ​ 4.1 Representations and Warranties of the Operating Partnership 12 ​ 4.1.1 Organization; Authority 12 ​ 4.1.2 Due Authorization 12 ​ 4.1.3 Consents and Approvals 12 ​ 4.1.4 Partnership Matters 13 2.1 Purchaser’s Investment Limits ​ 4.1.5 Non-Contravention 13 2.2 Procedure for Making Purchases ​ 4.2 Representations and Warranties of the Contributor 13 2.3 Sale ​ 4.2.1 Organization; Authority; Qualification 13 ​ 4.2.2 Due Authorization 13 ​ 4.2.3 Consents and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Approvals 13 ​ 4.2.4 Capitalization 13 ​ 4.2.5 Seller Equity Interests 14 ​ 4.2.6 No Subsidiaries 14 ​ 4.2.7 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Information 14 ​ 4.2.8 Ownership of the Property; Liens Contributed Assets 14 ​ 4.2.9 No Violation 14 ​ 4.2.10 Non-Foreign Status 14 ​ 4.2.11 Investment Purposes 14 ​ 4.2.12 No Brokers 15 ​ 4.2.13 Solvency 15 ​ ​ ​ TABLE OF CONTENTS (continued) ​ ​ ​ ​ Page ​ ​ ​ ​ ​ 4.2.14 Taxes 15 ​ 4.2.15 Litigation or Insolvency Proceedings 15 ​ 4.2.16 Compliance With Laws 16 ​ 4.2.17 Eminent Domain 16 ​ 4.2.18 Real Property 16 ​ 4.2.19 Environmental Compliance 16 ​ 4.2.20 Trademarks and Tradenames; Proprietary Rights 16 ​ 4.2.21 Leases 17 ​ 4.2.22 Tangible Personal Property 17 ​ 4.2.23 Service Contracts 17 ​ 4.2.24 Employment 17 ​ 4.2.26 Existing Loans 17 ​ 4.2.27 Real Property Taxes; Zoning 17 ​ 4.2.28 Insurance 17 ​ 4.2.29 OFAC 18 ​ 4.2.30 No Representations 18 5. Limitation of Liability 18 ​ 5.1 Untrue Representations; Change in Circumstances 18 6. Covenants 20 ​ 6.1 Covenants of the Contributor and the Operating Partnership 20 ​ 6.1.6 Intentionally Omitted 21 ​ 6.2 Prorations 22 ​ 6.2.1 Prorations 22 ​ 6.3 Tax Covenants 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc​ 6.4 Capital Contribution 25 7. Termination 25 3.13 Solvency ​ 7.1 Default by the Operating Partnership 25 3.14 Security Documents ​ 7.2 Default by the Contributor 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 8. Miscellaneous 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 ​ 8.1 Further Assurances 31 5.11 Offices26 ​ 8.2 Counterparts 26 ​ 8.3 Governing Law 26 ​ 8.4 Amendment; Waiver 26 ​ 8.5 Entire Agreement 26 ​ 8.6 Assignability 26 ​ 8.7 Titles 26 ​ 8.8 Third Party Beneficiary 26 ​ 8.9 Severability 26 ​ 8.10 Reliance 26 ​ 8.11 Survival 27 ​ 8.12 Days 27 ​ 8.13 Calculating Time Periods; Time is of the Essence 27 ​ 8.14 Incorporation of Exhibits 27 ​ 8.15 Notice 27 ​ ​ ​ ​ EXHIBITS ​ ​ ​ ​ ​ ​ ​ A Legal Description of the Properties ​ ​ ​ ​ TABLE OF CONTENTS (continued) ​ ​ ​ Page ​ ​ ​ B Contribution and Assumption Agreement ​ C Reserved ​ D Total Consideration ​ E Non-Competition Agreement and Non-Solicitation Agreement ​ F Confidentiality and Non-Disclosure Agreement ​ G Tax Information ​ ​ ​ ​ APPENDIX ​ ​ ​ ​ A Disclosure Schedules: ​ ​ ​ ​ 2.2 List of Contributed Assets, RecordsAssumed Agreements and Leases ​ 2.4 List of Excluded Assets ​ 2.5 List of Assumed Liabilities; Permitted Liens ​ 2.6 Reserved ​ 2.10 Allocation of Total Consideration ​ 3.1.8 3-05 Audit ​ ​ ​ ​ AMENDED & RESTATED CONTRIBUTION AGREEMENT This Amended & Restated Contribution Agreement (this “Agreement”) is made and entered into as of December 3, Books of Account 31 5.12 Sales2021 (the “Effective Date”) by and between Lodging Fund REIT III OP, LiensLP, Etc. 32 5.13 Extension a Delaware limited partnership (the “Operating Partnership”), and APF - Northbrook, LLC, an Illinois limited liability company (the “Contributor” which such term may also mean Contributor’s surviving member or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32controlling parent entity as context may require).

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 (Continued) Page 9.3. Change of Borrower Ownership 68 9.4. Use of Proceeds 68 9.5. Liens 69 9.6. Regulation U 69 9.7. Indebtedness and Cash Flow Covenants 69 9.8. Change of Control; Mergers and Dispositions 70 9.9. Negative Pledge 70 ARTICLE X. DEFAULTS 71 10.1. Nonpayment of Principal 71 10.2. Certain Covenants 71 10.3. Nonpayment of Interest and Other Definitional Provisions 12 Section 2 - Obligations 71 10.4. Cross Default 71 10.5. Loan Documents 71 10.6. Representation or Warranty 71 10.7. Covenants, Agreements and Other Conditions 71 10.8. No Longer General Partner 71 10.9. Material Adverse Financial Change 72 10.10. Bankruptcy 72 10.11. Legal Proceedings 72 10.12. ERISA 72 10.13. Change in Control 73 10.14. Failure to Satisfy Judgments 73 10.15. Environmental Remediation 73 ARTICLE XI. ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES 73 11.1. Acceleration 73 11.2. Preservation of Rights; Amendments 74 ARTICLE XII. THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure ADMINISTRATIVE AGENT 74 12.1. Appointment 74 12.2. Powers 75 12.3. General Immunity 75 12.4. No Responsibility for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of InformationLoans, Recitals, etc. 25 3.13 Solvency 25 3.14 Security 75 12.5. Action on Instructions of Lenders 75 12.6. Employment of Administrative Agents and Counsel 75 12.7. Reliance on Documents; Counsel 75 12.8. Administrative Agent’s Reimbursement and Indemnification 76 12.9. Rights as a Lender 76 12.10. Funds Transfer Disbursements 76 12.11. Lender Credit Decision 76 12.12. Successor Administrative Agent 77 TABLE OF CONTENTS (Continued) Page 12.13. Notice of Defaults 77 12.14. Requests for Approval 77 12.15. Copies of Documents 25 3.15 Principal Place 77 12.16. Defaulting Lenders 78 12.17. Delegation to Affiliates 81 12.18. Managing Agents, Co-Documentation Agents, Syndication Agent, etc. 81 ARTICLE XIII. BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS 81 13.1. Successors and Assigns 81 13.2. Participations 82 13.3. Assignments; Consents 83 13.4. Register 84 13.5. Designated Lenders 84 13.6 Confidentiality 85 13.7 Tax Treatment 86 ARTICLE XIV. GENERAL PROVISIONS 86 14.1. Survival of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Representations 86 14.2. Governmental Regulation 86 14.3. Taxes 86 14.4. Headings 87 14.5. No Third Party Beneficiaries 87 14.6. Expenses; Indemnification 87 14.7. Severability of Provisions 87 14.8. Nonliability of the Lenders 87 14.9. Choice of Law 88 14.10. Consent to Jurisdiction 88 14.11. Waiver of Jury Trial 88 14.12. Successors and Assigns 88 14.13. Entire Agreement; Modification of Agreement 88 14.14. Dealings with the Borrower 89 14.15. Set-Off 89 14.16. Counterparts 90 14.17. Patriot Act CIP Notice 90 ARTICLE XV. NOTICES 91 15.1. Giving Notice; Electronic Delivery 91 15.2. Change of Address 92 TABLE OF CONTENTS (Continued) EXHIBITS A - Revolving Commitment Amounts B-1 - Form of Note B-2 - Form of Bid Rate Note C - Disbursement Instruction Agreement D - Form of Guaranty E - Opinion of Borrower’s Counsel F - Opinion of General Partner’s Counsel G - [Intentionally Omitted] H - Form of Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 Certificate I - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 Form of Assignment Agreement J - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment Form of Obligations 30 5.4 Maintenance Notice of Existence; Compliance 30 5.5 Maintenance Borrowing K - Form of Property; Insurance 30 5.6 Inspection Notice of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use Swingline Borrowing L - Form of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books Designation Agreement M - Form of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment Bid Rate Quote Request N - Form of Receivables 32 5.14 Status Bid Rate Quote O - Form of Scheduled Receivables 32Bid Rate Quote Acceptance SCHEDULES

TABLE OF CONTENTS. Section ARTICLE I DEFINITIONS AND ACCOUNTING TERMS 1 - DEFINITIONS 1 1.1 1.01 Defined Terms 1 1.2 1.02 Other Definitional Interpretive Provisions 12 Section 2 - 21 1.03 Accounting Terms 21 1.04 Rounding 22 1.05 Times of Day 22 1.06 Divisions 22 1.08 Amendment and Restatement of the Existing Credit Agreement 22 ARTICLE II THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale LOAN 23 2.01 Advances 23 2.02 Borrowing of the Advances 23 2.03 Prepayments; Cash Distributions 23 2.04 Release of Proceeds of Funding Trust Loans 24 2.05 Repayment of the Loan 25 2.06 Interest 26 2.07 Upfront Fee 26 2.08 Computation of Interest and Assignment 15 2.4 Fees 15 2.5 Computation 26 2.09 Evidence of Debt 27 2.10 Payments Generally 27 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 27 3.01 Taxes 27 3.02 Illegality 30 3.03 Market Disruption and Payments; Commitment Fees 15 2.6 Pro Rata Treatment Alternate Rate of Interest 30 3.04 Increased Costs 30 3.05 Mitigation of Obligations 31 3.06 Survival 31 ARTICLE IV CONDITIONS PRECEDENT TO BORROWINGS 31 4.01 Conditions to Effectiveness of the Original Credit Agreement 31 4.02 Conditions to Effectiveness of the Second Amended and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - Restated Credit Agreement 32 4.03 Conditions to Each Advance 33 ARTICLE V REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 34 5.01 Existence; Compliance with Law 22 3.4 Power; , Qualification and Power 34 5.02 Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Contravention 34 5.03 Governmental Authorization; Other Consents 34 5.04 Binding Effect 34 5.05 Financial Statements; No Material Adverse Effect 34 5.06 Litigation 23 3.7 35 5.07 No Default 23 3.8 35 5.08 Ownership of Property; Liens 24 3.9 35 5.09 Taxes 24 3.10 Federal Regulations 24 3.11 35 5.10 ERISA Compliance 35 5.11 Margin Regulations; Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Act 35 5.12 Disclosure 36 5.13 Compliance with Money Laundering and Laws 36 5.14 Solvency 36 5.15 Anti-Terrorist Corruption Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - and Sanctions 36 5.16 Second Lien Loan Documents 37 ARTICLE VI AFFIRMATIVE COVENANTS 29 5.1 37 6.01 Financial Statements 29 5.2 37 6.02 Certificates; Other Information 29 5.3 38 6.03 Notices 38 6.04 Payment of Obligations 30 5.4 Taxes 38 6.05 Preservation of Existence, Etc. 39 6.06 Maintenance of Existence; Properties 39 6.07 Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; with Laws 39 6.08 Books and Records; Discussions 30 5.7 Notices 30 5.8 Records 39 6.09 Inspection Rights 39 6.10 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 39 6.11 Security Interests; Further Assurances 31 5.11 Offices, Records, Books 40 6.12 GWG Assumption 40 ARTICLE VII NEGATIVE COVENANTS 42 7.01 Liens 43 7.02 Beneficient Transactions 43 7.03 Indebtedness 43 7.04 Fundamental Changes 44 7.05 Dispositions 45 7.06 Restricted Payments 45 7.07 Transactions with Affiliates 45 7.08 Burdensome Agreements 45 7.09 Sanctions 45 7.10 Securities 45 ARTICLE VIII EVENTS OF DEFAULT AND REMEDIES 46 8.01 Events of Account 31 5.12 Sales, LiensDefault 46 8.02 Remedies Upon Event of Default 49 8.03 Application of Funds 49 ARTICLE IX MISCELLANEOUS 49 9.01 Amendments, Etc. 32 5.13 Extension 49 9.02 Notices; Effectiveness; Electronic Communications 50 9.03 No Waiver; Cumulative Remedies; Enforcement 51 9.04 Expenses; Indemnity; Damage Waiver 51 9.05 Payments Set Aside 52 9.06 Successors and Assigns 52 9.07 Treatment of Certain Information; Confidentiality 54 9.08 Right of Setoff 55 9.09 Interest Rate Limitation 55 9.10 Counterparts; Integration; Effectiveness 55 9.11 Survival of Representations and Warranties 55 9.12 Severability 56 9.13 [Reserved] 56 9.14 Governing Law; Jurisdiction; Etc. 56 9.15 Waiver of Jury Trial 57 9.16 No Advisory or Amendment Fiduciary Responsibility 57 9.17 Electronic Execution of Receivables 32 5.14 Status of Scheduled Receivables 32Assignments and Certain Other Documents 58 9.18 USA PATRIOT Act 58 APPENDIX 1 Eligible Underlying Investment Criteria SCHEDULES

TABLE OF CONTENTS. Section 1 - ARTICLE I DEFINITIONS 1 1.1 Defined Terms Definitions 1 1.2 Other Definitional Certain Interpretive Provisions 12 Section 2 - THE INVESTMENTS 13 19 ARTICLE II PURCHASE AND SALE OF PROPERTIES 21 2.1 Purchaser’s Investment Limits 13 Purchase and Sale of Properties 21 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases 21 2.3 Closing Date Payments 21 2.4 Guaranty 22 2.5 Performance Deposit 22 ARTICLE III PREFERENTIAL RIGHTS AND CONSENTS TO ASSIGNMENT 22 3.1 Allocated Values. 22 3.2 Preferential Rights to Purchase. 23 3.3 Consents to Assignment. 25 3.4 Applicable Consents and Waivers 26 ARTICLE IV TITLE REVIEW 26 4.1 Review of Purchased Assets: Deemed Collections 20 2.13 Application Title Records 26 4.2 Waiver 26 ARTICLE V CONDITION OF THE PROPERTIES 26 5.1 Access 26 5.2 Alleged Adverse Conditions. 28 5.3 Waiver 29 ARTICLE VI ACCOUNTING 30 6.1 Products and Line Fill 30 6.2 Revenues, Expenses and Capital Expenditures 30 6.3 Taxes. 31 6.4 Obligations and Credits 33 6.5 Preliminary Settlement Statement 33 6.6 Final Settlement Statement 34 6.7 Post-Closing Revenues 35 6.8 Post-Closing Expenses 35 6.9 Audits 35 ARTICLE VII CASUALTY LOSS 36 7.1 Notice of Collections 21 Section 3 Casualty Loss 36 7.2 Resolution of Casualty Loss. 36 ARTICLE VIII ALLOCATION OF RESPONSIBILITIES AND INDEMNITIES 38 8.1 Opportunity for Review 38 8.2 Seller's Non-Environmental Indemnity Obligation 38 8.3 Purchaser's Non-Environmental Indemnity Obligation 38 8.4 Seller's Environmental Indemnity Obligation. 39 i HOUSTON 1151220v.11 8.5 Purchaser's Environmental Indemnity Obligation 40 8.6 Seller Retained Liabilities 40 8.7 Limitations 41 8.8 Notice of Claims 42 8.9 Defense of Third Party Claims 42 8.1 Cooperation and Mitigation 43 8.11 Right to Participate 44 8.12 Waiver of Certain Damages 44 8.13 No Duplication of Remedies 44 8.14 Survival 44 8.15 Exclusive Remedy 45 8.16 Existing Contracts between the Parties 45 8.17 Tax Treatment of Indemnity Payment 45 ARTICLE IX SPECIAL WARRANTY OF TITLE AND DISCLAIMERS 45 9.1 Special Warranty of Title 45 9.2 Disclaimer - Representations and Warranties 45 9.3 Disclaimer - Statements and Information 46 ARTICLE X SELLER'S REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable 46 10.1 Seller's Representations and Warranties 46 10.2 Purchaser's Knowledge 50 ARTICLE XI PURCHASER'S REPRESENTATIONS AND WARRANTIES 50 11.1 Purchaser's Representations and Warranties 50 ARTICLE XII ADDITIONAL COVENANTS 52 12.1 Subsequent Operations 52 12.2 Rights of Non-Exclusive Use 52 12.3 Purchaser's Assumption of Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc52 12.4 Asbestos and NORM 53 12.5 Decommissioning 54 12.6 Process Safety Management 54 12.7 Imbalances. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place 55 12.8 Suspense Funds 56 12.9 Technology and Confidential Data. 57 12.1 Transition Services Agreement 57 12.11 Conduct of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti58 12.12 Notification of Breaches 58 12.13 Removal of Seller Marks 58 12.14 Replacement of Seller Guaranties 59 12.15 Letters-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etcin-Lieu 59 12.16 Seller Standards. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3259 12.17 Required Bonding 60 12.18 Seismic Data 60 ii HOUSTON 1151220v.11

TABLE OF CONTENTS. Section Page SECTION 1 - DEFINITIONS 1 1.1 1.1. Defined Terms 1 1.2 1.2. Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Provisions; Pro Forma Calculations 33 2.1. Loans and Commitments 34 2.2. Procedure for Making Purchases 13 2.3 Sale Borrowing 40 2.3. Repayment of Loans 41 2.4. Swingline Commitment 43 2.5. Procedure for Swingline Borrowing; Refunding of Swingline Loans 43 2.6. Fees, Etc 45 2.7. Termination or Reduction of Commitments 45 2.8. Optional Prepayments 46 2.9. Mandatory Prepayments 48 2.10. Conversion and Assignment 15 2.4 Continuation Options 49 2.11. Limitations on Eurodollar Tranches 50 2.12. Interest Rates and Payment Dates 50 2.13. Computation of Interest and Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 50 2.14. Inability to Determine Interest Rate 51 2.15. Pro Rata Treatment and Payments 16 2.7 51 2.16. Requirements of Law 16 2.8 53 2.17. Taxes 17 2.9 54 2.18. Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments56 2.19. Change of Lending Office 56 2.20. Replacement of Lenders 56 2.21. Defaulting Lenders 57 2.22. Obligations of Lenders Several 59 SECTION 3 LETTERS OF CREDIT 59 3.1. L/Deferred Purchase Price 19 2.12 Repurchases C Commitment 59 3.2. Procedure for Issuance of Purchased Assets: Deemed Collections 20 2.13 Application Letter of Collections 21 Section 3 - Credit 60 3.3. Fees and Other Charges 60 3.4. L/C Participations 61 3.5. Reimbursement Obligation of the Borrower 61 3.6. Obligations Absolute 62 3.7. Letter of Credit Payments 62 3.8. Cash Collateral 62 3.9. Applications 63 3.10. Applicability of ISP and UCP 64 SECTION 4 REPRESENTATIONS AND WARRANTIES 22 3.1 64 4.1. Financial Condition 22 3.2 64 4.2. No Change 22 3.3 64 4.3. Existence; Compliance with Law 22 3.4 64 4.4. Power; Authorization; Enforceable Obligations 23 3.5 64 4.5. No Legal Bar 23 3.6 65 4.6. Litigation 23 3.7 65 4.7. No Default 23 3.8 65 4.8. Ownership of Property; Liens 24 3.9 65 4.9. Intellectual Property 65 4.10. Taxes 24 3.10 65 4.11. Federal Regulations 24 3.11 66 4.12. Labor Matters 66 4.13. ERISA 66 4.14. Investment Company Act; Other Regulations 24 3.12 66 4.15. Subsidiaries 66 4.16. Use of Proceeds 67 4.17. Environmental Matters 67 4.18. Certain Cable Television Matters 68 4.19. Accuracy of Information, etcEtc. 25 3.13 68 4.20. Security Interests 68 4.21. Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - 69 SECTION 5 CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 69 5.1. Conditions to Effectiveness 28 Section 5 - New Restatement Effective Date 69 5.2. Conditions to Each Extension of Credit 69 SECTION 6 AFFIRMATIVE COVENANTS 29 5.1 70 6.1. Financial Statements 29 5.2 70 6.2. Certificates; Other Information 29 5.3 72 6.3. Payment of Obligations 30 5.4 72 6.4. Maintenance of Existence; Compliance 30 5.5 72 6.5. Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3272

TABLE OF CONTENTS. Section 1 - 1. DEFINITIONS AND CONSTRUCTION 1 1.1 Defined Terms Definitions 1 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 Accounting Terms 22 1.3 Code 22 1.4 Construction 22 1.5 Schedules and Exhibits 22 2. LOAN AND TERMS OF PAYMENT 22 2.1 Purchaser’s Investment Limits 13 Revolver Advances 22 2.2 Procedure for Making Purchases 13 Reduction in Facility Amount and Commitments 24 2.3 Sale Borrowing Procedures and Assignment 15 Settlement 24 2.4 Payments 29 2.5 Overadvances 31 2.6 Interest and Letter of Credit Fees 15 2.5 Computation Rates, Payments, and PaymentsCalculations 31 2.7 Cash Management 32 2.8 Crediting Payments 33 2.9 Designated Account 34 2.10 Maintenance of Loan Account; Commitment Statements of Obligations 34 2.11 Fees 15 2.6 Pro Rata Treatment 34 2.12 Letters of Credit 35 2.13 LIBOR Option 36 2.14 Capital Requirements 39 2.15 Joint and Payments 16 2.7 Requirements Several Liability of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases the Obligors 39 2.16 Prior Loan Agreement 41 3. CONDITIONS; TERM OF AGREEMENT 41 3.1 Conditions Precedent to the Initial Extension of Purchased Assets: Deemed Collections 20 2.13 Application Credit 41 3.2 Conditions Subsequent to the Initial Extension of Collections 21 Section 3 - Credit 43 3.3 Conditions Precedent to all Extensions of Credit 43 3.4 Term 44 3.5 Effect of Termination 44 3.6 Early Termination by Borrowers 44 4. CREATION OF SECURITY INTEREST 45 4.1 Grant of Security Interest 45 4.2 Negotiable Collateral 45 4.3 Collection of Accounts, General Intangibles, and Negotiable Collateral 45 4.4 Delivery of Additional Documentation Required 45 4.5 Power of Attorney 45 4.6 Right to Inspect 46 4.7 Control Agreements 46 5. REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 46 5.1 No Change 22 3.3 ExistenceEncumbrances 47 5.2 Eligible Accounts 47 5.3 Eligible Inventory 47 5.4 Equipment 47 5.5 Location of Inventory and Equipment 47 5.6 Inventory Records 47 5.7 Location of Chief Executive Office; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32FEIN 47

TABLE OF CONTENTS. Section 1. INTRODUCTION 1 - 1.1 Overview of Charges 1 1.2 General Terms 1 2. DEFINITIONS 1 1.1 Defined 2.1 Certain Definitions 1 2.2 Other Terms 1 1.2 Other Definitional Provisions 2 3. SUPPLIER INVESTMENTS 2 4. PRODUCTION SUPPORT 3 4.1 Production Support Charge 3 4.4 Minor Enhancements 4 4.5 Offshore / Onshore Ratios 5 4.6 Productivity Assumptions 6 4.8 Supporting Skillset Rates 6 5. APPLICATIONS DEVELOPMENT 6 5.1 General Terms 7 5.2 Adjustments to the Baseline AD Hours 8 5.3 Charges for Productive Hours in Excess of the Baseline AD Hours 8 5.4 Offshore / Onshore Ratios 8 5.5 Productivity 9 5.6 Transitioned Employees 9 6. T&M RATES 9 7. OTHER CHARGES, CREDITS AND TERMS 9 7.1 Pass-Through Expenses 9 7.2 Currency 9 7.3 New Services 10 7.4 Disaster Recovery 10 7.5 Remedial Services 10 7.6 Disengagement Services 10 7.7 Taxes 10 7.8 Minimum Commitment 11 8. ADJUSTMENTS TO CHARGES 11 8.1 Cost of Living Adjustment (COLA) 12 Section 2 8.2 Service Level Credits 12 8.3 Benchmarking 12 9. TERMINATION CHARGES 12 9.1 Termination Charge 12 9.2 Pro-ration of Termination Charges 12 Schedule C (Charges) C - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale i Health Net / Cognizant Confidential Table of Exhibits Exhibit C-1: Production Support Charge Exhibit C-2: Individual Application Production Support Charges Exhibit C-3: Applications Development Charge Exhibit C-4: Baseline AD Hours Exhibit C-5: Transitioned Employees Exhibit C-6: T&M Rates Exhibit C-7: Skillset Mix and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 Supporting Skillset Rates Schedule C (Charges) C - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32ii Health Net / Cognizant Confidential SCHEDULE C CHARGES

TABLE OF CONTENTS. Section Page Article I Definitions 1 - DEFINITIONS 1 1.1 SECTION 1.01 Defined Terms 1 1.2 SECTION 1.02 Classification of Loans and Borrowings 34 SECTION 1.03 Terms Generally 34 SECTION 1.04 Accounting Terms; GAAP 35 SECTION 1.05 Pro Forma Adjustments 35 SECTION 1.06 Status of Obligations 37 SECTION 1.07 Interest Rates; Benchmark Notification 37 SECTION 1.08 [Intentionally Omitted] 37 SECTION 1.09 Divisions 37 Article II The Credits 38 SECTION 2.01 Commitments 38 SECTION 2.02 Loans and Borrowings 38 SECTION 2.03 Requests for Borrowings 38 SECTION 2.04 [Intentionally Omitted] 39 SECTION 2.05 [Intentionally Omitted] 39 SECTION 2.06 [Intentionally Omitted] 39 SECTION 2.07 Funding of Borrowings 39 SECTION 2.08 Interest Elections 40 SECTION 2.09 Termination of Commitments; Incremental Term Loans 41 SECTION 2.10 Repayment of Loans; Evidence of Debt 43 SECTION 2.11 Prepayment of Loans 44 SECTION 2.12 Fees 45 SECTION 2.13 Interest 46 SECTION 2.14 Alternate Rate of Interest 46 SECTION 2.15 Increased Costs 49 SECTION 2.16 Break Funding Payments 50 SECTION 2.17 Taxes 50 SECTION 2.18 Payments Generally; Allocation of Proceeds; Sharing of Set-offs 54 SECTION 2.19 Mitigation Obligations; Replacement of Lenders 55 SECTION 2.20 Defaulting Lenders 56 SECTION 2.21 Returned Payments 57 Article III Representations and Warranties 57 SECTION 3.01 Organization; Powers 57 SECTION 3.02 Authorization; Enforceability 57 SECTION 3.03 Governmental Approvals; No Conflicts 58 SECTION 3.04 Financial Condition; No Material Adverse Change 58 SECTION 3.05 Properties 58 SECTION 3.06 Litigation and Environmental Matters 58 SECTION 3.07 Compliance with Laws and Agreements; No Default 59 SECTION 3.08 Investment Company Status 59 SECTION 3.09 Taxes 59 SECTION 3.10 ERISA 59 SECTION 3.11 Disclosure 59 SECTION 3.12 Material Agreements 60 SECTION 3.13 Solvency 60 SECTION 3.14 Insurance 60 SECTION 3.15 Capitalization and Subsidiaries 60 SECTION 3.16 [Intentionally Omitted] 60 SECTION 3.17 Employment Matters 60 SECTION 3.18 Margin Regulations 61 SECTION 3.19 Use of Proceeds 61 SECTION 3.20 No Burdensome Restrictions 61 SECTION 3.21 Anti-Corruption Laws and Sanctions 61 SECTION 3.22 Affected Financial Institutions 61 SECTION 3.23 Plan Assets; Prohibited Transactions 61 SECTION 3.24 Status as Subordinated Indebtedness 61 Article IV Conditions 61 SECTION 4.01 Effective Date 61 SECTION 4.02 Each Credit Event 65 Article V Affirmative Covenants 65 SECTION 5.01 Financial Statements and Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements Information 65 SECTION 5.02 Notices of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Material Events 67 SECTION 5.03 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place Conduct of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 68 SECTION 5.04 Payment of Obligations 30 5.4 68 SECTION 5.05 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Properties 68 SECTION 5.06 Books and Records; Discussions 30 5.7 Notices 30 5.8 Inspection Rights 68 SECTION 5.07 Compliance with Laws and Material Contractual Obligations 69 SECTION 5.08 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 69 SECTION 5.09 Accuracy of Information 70 SECTION 5.10 Insurance 70 SECTION 5.11 [Intentionally Omitted] 70 SECTION 5.12 [Intentionally Omitted] 70 SECTION 5.13 Subsidiary Guarantors; Further Assurances 31 5.11 Offices70 SECTION 5.14 Post-Closing Requirements 71 Article VI Negative Covenants 71 SECTION 6.01 Indebtedness 71 SECTION 6.02 Liens 73 SECTION 6.03 Fundamental Changes 75 SECTION 6.04 Investments, RecordsLoans, Books Advances, Guarantees and Acquisitions 75 SECTION 6.05 Asset Sales 77 SECTION 6.06 Sale and Leaseback Transactions 79 SECTION 6.07 Swap Agreements 79 SECTION 6.08 Restricted Payments; Certain Payments of Account 31 5.12 SalesIndebtedness 79 SECTION 6.09 Transactions with Affiliates 80 SECTION 6.10 Restrictive Agreements 80 SECTION 6.11 Amendment of Material Documents 81 SECTION 6.12 Financial Covenants 81 Article VII Events of Default 82 Article VIII The Administrative Agent 85 SECTION 8.01 Authorization and Action 85 SECTION 8.02 Administrative Agent’s Reliance, LiensLimitation of Liability, Indemnification, Etc. 32 5.13 Extension 87 SECTION 8.03 Posting of Communications 88 SECTION 8.04 The Administrative Agent Individually 90 SECTION 8.05 Successor Administrative Agent 90 SECTION 8.06 Acknowledgments of Lenders 91 SECTION 8.07 [Intentionally Omitted] 93 SECTION 8.08 [Intentionally Omitted] 93 SECTION 8.09 Certain ERISA Matters 93 SECTION 8.10 Intercreditor Arrangements 94 SECTION 8.11 Relationship of Administrative Agents 94 SECTION 8.12 No Reliance 94 Article IX Miscellaneous 95 SECTION 9.01 Notices 95 SECTION 9.02 Waivers; Amendments 97 SECTION 9.03 Expenses; Limitation of Liability; Indemnity; Etc. 98 SECTION 9.04 Successors and Assigns 100 SECTION 9.05 Survival 105 SECTION 9.06 Counterparts; Integration; Effectiveness; Electronic Execution 105 SECTION 9.07 Severability 106 SECTION 9.08 Right of Setoff 106 SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process 107 SECTION 9.10 WAIVER OF JURY TRIAL 108 SECTION 9.11 Headings 108 SECTION 9.12 Confidentiality 108 SECTION 9.13 Several Obligations; Nonreliance; Violation of Law 109 SECTION 9.14 USA PATRIOT Act 109 SECTION 9.15 Disclosure 110 SECTION 9.16 [Intentionally Omitted] 110 SECTION 9.17 Interest Rate Limitation 110 SECTION 9.18 No Fiduciary Duty, etc. SECTION 9.19 Marketing Consent 111 SECTION 9.20 Acknowledgment and Consent to Bail-In of Affected Financial Institutions 111 SECTION 9.21 Acknowledgement Regarding Any Supported QFCs 111 Article X Loan Guaranty 111 SECTION 10.01 Guaranty 111 SECTION 10.02 Guaranty of Payment 111 SECTION 10.03 No Discharge or Amendment Diminishment of Receivables 32 Loan Guaranty. 112 SECTION 10.04 Defenses Waived 112 SECTION 10.05 Rights of Subrogation 113 SECTION 10.06 Reinstatement; Stay of Acceleration 113 SECTION 10.07 Information 113 SECTION 10.08 Release of Loan Guarantors 113 SECTION 10.09 Taxes 114 SECTION 10.10 Maximum Liability 114 SECTION 10.11 Contribution 114 SECTION 10.12 Liability Cumulative 115 SCHEDULES: Commitment Schedule Schedule 1.01 – Excluded Subsidiaries Schedule 3.05 – Properties, etc. Schedule 3.14 – Insurance Schedule 3.15 – Capitalization and Subsidiaries Schedule 5.14 Status – Post-Closing Requirements Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens Schedule 6.04 – Existing Investments Schedule 6.09 – Affiliate Transactions Schedule 6.10 – Existing Restrictions EXHIBITS: Exhibit A – Assignment and Assumption Exhibit B-1 – Borrowing Request Exhibit B-2 – Interest Election Request Exhibit B-3 – Notice of Scheduled Receivables 32Prepayment Exhibit C-1 – U.S. Tax Compliance Certificate (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) Exhibit C-2 – U.S. Tax Compliance Certificate (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) Exhibit C-3 – U.S. Tax Compliance Certificate (For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) Exhibit C-4 – U.S. Tax Compliance Certificate (For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) Exhibit D – Compliance Certificate Exhibit E – Joinder Agreement SENIOR SUBORDINATED UNSECURED CREDIT AGREEMENT dated as of May 31, 2022 (as it may be amended, restated, supplemented or modified from time to time, this “Agreement”), among THE XXXXXX-XXXX COMPANY, as Borrower, the other Loan Parties party hereto, the Lenders party hereto, and JPMORGAN CHASE BANK, N.A., as Administrative Agent. The parties hereto agree as follows:

TABLE OF CONTENTS. Page Section 1. DEFINITIONS; RULES OF CONSTRUCTION 1 - DEFINITIONS 1.1. Definitions 1 1.1 Defined 1.2. Accounting Terms 1 1.2 37 43 1.3. Uniform Commercial Code 38 44 1.4. Certain Matters of Construction 38 44 1.5. Pro Forma Calculations 39 44 1.6. Interest Rates 45 Section 2. CREDIT FACILITIES 40 46 2.1. Revolver Commitment 40 46 2.2. [Reserved] 42 48 2.3. Letter of Credit Facility 42 48 Section 3. INTEREST, FEES AND CHARGES 45 52 3.1. Interest 45 52 3.2. Fees 47 53 3.3. Computation of Interest, Fees, Yield Protection 47 53 3.4. Reimbursement Obligations 47 54 3.5. Illegality 48 54 3.6. Inability to Determine Rates 48 54 3.7. Increased Costs; Capital Adequacy 49 56 3.8. Mitigation 50 57 3.9. Funding Losses 50 57 3.10. Maximum Interest 51 58 Section 4. LOAN ADMINISTRATION 51 58 4.1. Manner of Borrowing and Funding Revolver Loans 51 58 4.2. Defaulting Lender 52 60 4.3. Number and Amount of LIBOR Loans; Determination of Rate 53 60 4.4. Borrower Agent 53 61 4.5. One Obligation 54 61 4.6. Effect of Termination 54 61 Section 5. PAYMENTS 54 61 5.1. General Payment Provisions 54 61 5.2. Repayment of Revolver Loans 54 62 5.3. [Reserved] 54 62 5.4. Payment of Other Definitional Provisions 12 Obligations 54 62 5.5. Marshaling; Payments Set Aside 54 62 5.6. Application and Allocation of Payments 55 62 5.7. Dominion and Other Accounts 56 63 5.8. Account Stated 56 63 5.9. Taxes 56 64 5.10. Lender Tax Information 58 65 5.11. Nature and Extent of Each Borrower’s Liability 59 67 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc6. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 62 69 6.1. Conditions Precedent to Initial Purchase 26 4.2 Credit Extensions 62 69 (ii) US-DOCS\106689967.2106689967.15 6.2. Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Credit Extensions 64 72 Section 5 - COVENANTS 29 5.1 7. COLLATERAL 65 73 7.1. Grant of Security Interest 65 73 7.2. Lien on Deposit Accounts; Securities Accounts; Cash Collateral 66 74 7.3. Real Estate Collateral, Vehicles and Post Closing Collateral 66 74 7.4. Other Collateral 68 77 7.5. Limitations 69 77 7.6. Further Assurances 69 77 7.7. Certain Limited Exclusions 69 78 7.8. Intercreditor Agreement 70 79 Section 8. COLLATERAL ADMINISTRATION 70 79 8.1. Borrowing Base Reports 70 79 8.2. Accounts 71 79 8.3. Proceeds of the Term Loans 72 80 8.4. Equipment 72 81 8.5. Deposit Accounts and Securities Accounts 72 81 8.6. General Provisions 73 81 8.7. Power of Attorney 74 83 Section 9. REPRESENTATIONS AND WARRANTIES 74 83 9.1. General Representations and Warranties 75 83 9.2. Complete Disclosure; Financial Statements 29 5.2 Certificatesand Projections 83 92 Section 10. COVENANTS AND CONTINUING AGREEMENTS 83 92 10.1. Affirmative Covenants 83 93 10.2. Negative Covenants 89 99 10.3. Financial Covenants 98 109 Section 11. GUARANTY 98 109 11.1. Guaranty 98 109 11.2. No Setoff or Deductions; Other Information 29 5.3 Payment Taxes; Payments 99 110 11.3. Rights of Secured Parties 99 110 11.4. Certain Waivers 99 110 11.5. Obligations 30 5.4 Maintenance Independent 100 111 11.6. Subrogation 100 111 11.7. Termination; Reinstatement 100 111 11.8. Subordination 101 112 11.9. Stay of ExistenceAcceleration 101 112 11.10. Expenses 101 112 11.11. Miscellaneous 101 112 11.12. Condition of Borrowers 101 112 11.13. Additional Guarantors 101 113 Section 12. EVENTS OF DEFAULT; Compliance 30 5.5 Maintenance REMEDIES ON DEFAULT 102 113 12.1. Events of PropertyDefault 102 113 12.2. Remedies upon Default 103 114 12.3. License 103 115 12.4. Setoff 104 115 12.5. Remedies Cumulative; Insurance 30 5.6 Inspection No Waiver 104 115 Section 13. AGENTS 104 116 (ii) US-DOCS\106689967.2106689967.15 13.1. Appointment, Authority and Duties of PropertyAgents 104 116 13.2. Agreements Regarding Collateral and Borrower Materials 106 117 13.3. Reliance By Administrative Agent 106 118 13.4. Action Upon Default 107 118 13.5. Ratable Sharing 107 118 13.6. Indemnification 107 119 13.7. Limitation on Responsibilities of Administrative Agent 107 119 13.8. Successor Administrative Agent 108 119 13.9. Due Diligence and Non-Reliance 108 120 13.10. Remittance of Payments and Collections 108 120 13.11. Individual Capacities 109 121 13.12. Titles 109 121 13.13. Bank Product Providers 109 121 13.14. [Reserved] 109 121 13.15. No Third Party Beneficiaries 110 122 13.16. Certain ERISA Matters. 110 122 Section 14. BENEFIT OF AGREEMENT; Books ASSIGNMENTS 111 124 14.1. Successors and RecordsAssigns 111 124 14.2. Participations 112 124 14.3. Assignments 112 124 14.4. Replacement of Certain Lenders 113 125 Section 15. MISCELLANEOUS 113 126 15.1. Consents, Amendments and Waivers 113 126 15.2. Indemnity 114 127 15.3. Notices and Communications 115 127 15.4. Performance of Borrowers’ Obligations 116 128 15.5. Credit Inquiries 116 129 15.6. Severability 116 129 15.7. Cumulative Effect; Discussions 30 5.7 Notices 30 5.8 Use Conflict of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books Terms 116 129 15.8. Counterparts; Execution 116 129 15.9. Entire Agreement 117 129 15.10. Relationship with Lenders 117 129 15.11. No Advisory or Fiduciary Responsibility 117 130 15.12. Confidentiality 117 130 15.13. [Reserved.] 118Acknowledgement Regarding Any Supported QFCs 131 15.14. GOVERNING LAW 118 132 15.15. Consent to Forum; Bail-In of Account 31 5.12 Sales, Liens, EtcEEA Financial Institutions 118 132 15.16. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Waivers by Borrowers 119 132 15.17. PATRIOT Act Notice 119 133 15.18. NO ORAL AGREEMENT 119 133 (ii) US-DOCS\106689967.2106689967.15

TABLE OF CONTENTS. Page Section 1 - DEFINITIONS Definitions; Interpretation 1 1.1 Defined Terms Definitions 1 1.2 Other Definitional Provisions 12 Interpretation 15 Section 2 - THE INVESTMENTS 13 Credit Facility 16 2.1 Purchaser’s Investment Limits 13 Term Loan Commitments 16 2.2 Procedure for [Reserved] 16 2.3 Commitments Several 16 2.4 Indebtedness Absolute; No Offset; Waiver 17 2.5 Loan Accounting 18 2.5.1 Recordkeeping 18 2.5.2 Notes 18 2.6 Payment of Interest and Principal 18 2.6.1 Interest Rate Calculation 18 2.6.2 Payments of Interest 19 2.6.3 Payments of Principal 20 2.7 Fees 20 2.8 Prepayment 21 2.8.1 Mandatory Prepayment 21 2.8.2 Voluntary Prepayment 21 2.9 Payment Mechanics 21 2.9.1 Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and of Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 21 2.9.2 Application of Collections Payments and Proceeds 21 2.9.3 Set-off 21 2.9.4 Proration of Payments 22 Section 3 - REPRESENTATIONS AND WARRANTIES Yield Protection 22 3.1 Financial Condition Taxes 22 3.2 No Change 22 Manner of Funding; Alternate Funding Offices 24 3.3 ExistenceConclusiveness of Statements; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws Survival 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 25 4.1 Conditions to Effectiveness 28 of this Agreement 25 4.2 Conditions to Funding of Term Loan 26 Section 5 - COVENANTS Representations and Warranties 26 5.1 Organization 26 5.2 Authorization; No Conflict 27 5.3 Validity; Binding Nature 27 5.4 Financial Condition 27 5.5 No Material Adverse Effect 27 5.6 Litigation 28 5.7 Ownership of Properties; Liens 28 5.8 Capitalization 28 5.9 Pension Plans 28 5.10 Investment Company Act 28 5.11 No Default 28 5.12 Margin Stock 28 5.13 Taxes 29 5.1 Financial Statements 5.14 Solvency 29 5.2 Certificates; Other 5.15 Environmental Matters 29 5.16 Insurance 29 5.17 Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of 5.18 Intellectual Property; Insurance Products and Services 30 5.6 Inspection 5.19 Restrictive Provisions 30 5.20 Labor Matters 31 5.21 Material Contracts 31 5.22 Compliance with Laws; Health Care Laws 31 5.23 Existing Indebtedness; Investments, Guarantees and Certain Contracts 32 5.24 Affiliated Agreements 33 5.25 Names; Locations of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension Records and Collateral; Deposit Accounts 33 5.26 Non-Subordination 33 5.27 Broker’s or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Finder’s Commissions 33 5.28 Anti-Terrorism; OFAC 34 5.29 Security Interest 34 5.30 Survival 34 Section 6 Affirmative Covenants 34 6.1 Information 34 6.1.1 Annual Report 34 6.1.2 Interim Reports 35 6.1.3 Quarterly Review Meeting 35

TABLE OF CONTENTS. Section ARTICLE 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions ARTICLE 2 RELATIONSHIP OF OWNER, CONTRACTOR AND SUBCONTRACTORS 8 2.1 Status of Contractor 8 2.2 Key Personnel and Contractor Representative 9 2.3 Subcontractors and Sub-subcontractors 9 2.4 Subcontracts and Sub-subcontracts 9 2.5 Contractor Acknowledgements 10 ARTICLE 3 CONTRACTOR’S RESPONSIBILITIES 12 Section 2 - THE INVESTMENTS 3.1 Scope of Work 12 3.2 Specific Obligations 13 2.1 Purchaser3.3 Contractor’s Investment Limits Tools and Construction Equipment 13 2.2 Procedure 3.4 Employment of Personnel 13 3.5 Clean-up 14 3.6 Safety and Security 14 3.7 Emergencies 15 3.8 Permits 15 3.9 Books, Records and Audits 15 3.10 Temporary Utilities, Roads, Facilities and Storage 15 3.11 Hazardous Materials 16 3.12 Reports and Meetings 16 3.13 Title to Materials Found 16 3.14 Cooperation with Others 16 3.15 Responsibility for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes Property 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 Used or Salvaged Materials 17 3.17 Compliance with Money Laundering Real Property Interests 17 3.18 Subordination of Liens 17 3.19 Review of Shop Drawings 17 3.20 Layout 18 3.20 Substitutions 18 3.22 Quality Control 18 3.23 Commercial Activities 18 3.24 Taxes 18 3.25 Tax Accounting 18 ARTICLE 4 OWNER’S RESPONSIBILITIES 19 4.1 Payment 19 4.2 Permits 19 4.3 Access to the Site 19 4.4 Owner-Supplied Equipment 19 4.5 Texas Sales and AntiUse Tax Matters 19 ARTICLE 5 COMMENCEMENT OF WORK, PROJECT SCHEDULE, AND SCHEDULING OBLIGATIONS 20 5.1 Timely Commencement and Completion of Work 20 5.2 Limited Notice to Proceed/Notice to Proceed 20 5.3 Project Schedule 20 5.4 CPM Schedule 20 5.5 Recovery and Recovery Schedule 22 5.6 Acceleration and Acceleration Schedule 23 ARTICLE 6 CHANGES; FORCE MAJEURE; AND OWNER-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32CAUSED DELAY 23 6.1 Change Orders Requested by Owner 23 6.2 Change Orders Requested by Contractor 24

TABLE OF CONTENTS. (This Table of Contents is not a part of the Indenture and is only for convenience of reference.) SECTION PAGE Recitals 1 ARTICLE I DEFINITIONS 3 Section 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 1.01. Definitions 3 Section 1.02. Authorization 8 Section 1.03. Interpretation 8 ARTICLE II THE CERTIFICATES OF PARTICIPATION 8 Section 2.01. Authorization 8 Section 2.02. Date 9 Section 2.03. Maturity; Interest Rates 9 Section 2.04. Form of Certificates 10 Section 2.05. Payment of Interest 10 Section 2.06. Execution 10 Section 2.07. Application of Proceeds 10 Section 2.08. Registration, Transfer and Exchange of Certificates 10 Section 2.09. Mutilated, Lost, Destroyed and Stolen Certificates 11 Section 2.10. Payment 11 Section 2.11. Execution of Documents and Proof of Ownership 12 Section 2 - 2.12. Certificate Register 12 Section 2.13. Global Book Entry 12 ARTICLE III ACQUISITION FUND 14 Section 3.01. Acquisition Fund 14 Section 3.02. Disbursements 14 ARTICLE IV REDEMPTION OF CERTIFICATES 14 Section 4.01. Redemption upon Event of Nonappropriation and Termination of Purchase Contract 14 Section 4.02. Optional Redemption 15 Section 4.03. Mandatory Sinking Fund Redemption 15 Section 4.04. Effect of Call for Redemption 16 Section 4.05. Notice of Redemption 16 Section 4.06. Partial Redemption 17 ARTICLE V INSTALLMENT PAYMENTS; ADDITIONAL PAYMENTS; INSTALLMENT PAYMENT FUND 17 Section 5.01. Rights in Purchase Contract 17 Section 5.02. Establishment of Installment Payment Fund 17 Section 5.03. Deposits 18 Section 5.04. Application of Moneys 18 Section 5.05. Surplus 18 ARTICLE VI FORM OF THE INVESTMENTS 13 2.1 PurchaserCERTIFICATES 18 ARTICLE VII MONEYS IN FUNDS; INVESTMENT 23 Section 7.01. Held in Trust 23 Section 7.02. Investments Authorized 23 Section 7.03. Investment Earnings 24 Section 7.04. Liability of Trustee for Investments 25 Section 7.05. Tax Agreement; Creation of Rebate Fund 25 Section 7.06. Arbitrage Covenant 25 ARTICLE VIII THE TRUSTEE 26 Section 8.01. Certain Duties and Responsibilities 26 Section 8.02. Certain Rights of Trustee 27 Section 8.03. Employment of Experts 29 Section 8.04. Enforcement of Performance by Others 29 Section 8.05. Right to Deal in Certificates and Take Other Actions 29 Section 8.06. Removal and Resignation of the Trustee 29 Section 8.07. Proof of Claim 30 Section 8.08. Trustee’s Investment Limits 13 2.2 Fees and Expenses 30 Section 8.09. Intervention by Trustee 31 Section 8.10. Reports 31 Section 8.11. Separate or Co-Trustee 31 Section 8.12. Recitals and Representations 33 ARTICLE IX MODIFICATION OR AMENDMENT OF AGREEMENTS 34 Section 9.01. Amendments Permitted 34 Section 9.02. Procedure for Making Purchases 13 2.3 Sale Amendment with Written Consent of Certificate Owners 35 Section 9.03. Disqualified Certificates 36 Section 9.04. Effect of Supplemental Agreement 36 ARTICLE X COVENANTS; NOTICE 36 Section 10.01. Compliance with and Assignment 15 2.4 Fees 15 2.5 Computation Enforcement of Purchase Contract 36 Section 10.02. Observance of Laws and Payments; Commitment Fees 15 2.6 Pro Rata Treatment Regulations 37 Section 10.03. Prosecution and Defense of Suits 37 Section 10.04. Filing 37 Section 10.05. Payments 16 2.7 Requirements Due on Non-Business Days 37 Section 10.06. Further Assurances 37 Section 10.07. Parties Interested Herein 37 ARTICLE XI LIMITATION OF LIABILITY 38 Section 11.01. Limited Liability of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases Board 38 Section 11.02. No Liability of Purchased Assets: Deemed Collections 20 2.13 the Board for Trustee Performance 38 Section 11.03. Limitation of Rights to Parties and Certificate Owners 38 Section 11.04. No Liability of the Trustee for Payment of Installment Payments by Board 38 ARTICLE XII EVENTS OF DEFAULT AND REMEDIES OF CERTIFICATE OWNERS 39 Section 12.01. Remedies 39 Section 12.02. Institution of Legal Proceedings 39 Section 12.03. Application of Collections 21 Funds 39 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence12.04. Non-waiver 40 Section 12.05. Remedies Not Exclusive 40 Section 12.06. Power of Trustee to Control Proceedings 40 Section 12.07. Limitation on Certificate Owners’ Right to Xxx 40 ARTICLE XIII MISCELLANEOUS 41 Section 13.01. Defeasance 41 Section 13.02. Notices 42 Section 13.03. Governing Law 43 Section 13.04. Binding Effect; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership Successors 43 Section 13.05. Execution in Counterparts 43 Section 13.06. Destruction of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy Cancelled Certificates 43 Section 13.07. Waiver of InformationNotice 43 Section 13.08. Separability of Invalid Provisions 43 Section 13.09. Bills of Sale 44 Signatures 45 EXHIBIT A – Form of Requisition – Acquisition Fund ACKNOWLEDGMENTS INDENTURE OF TRUST THIS INDENTURE OF TRUST (this “Indenture”), etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place made and entered into as of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering this 1st day of April, 2014, by and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment between U.S. BANK NATIONAL ASSOCIATION, a national banking association duly organized and existing under the laws of Obligations 30 5.4 Maintenance the United States of Existence; Compliance 30 5.5 Maintenance America, as trustee (the “Trustee”), and the BOARD OF TRUSTEES OF ILLINOIS STATE UNIVERSITY, a body corporate and politic of Property; Insurance 30 5.6 Inspection the State of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Illinois (the “Board”),

TABLE OF CONTENTS. Article I. Definitions 1 Section 1.1. Definitions 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Section 1.2. General; References to Eastern Time 19 Section 1.3. Financial Attributes of Non-Wholly Owned Subsidiaries 19 Article II. Credit Facility 19 Section 2.1. Revolving Loans 19 Section 2.2. Letters of Credit 20 Section 2.3. Swingline Loans 23 Section 2.4. Rates and Payment of Interest on Loans 25 Section 2.5. Number of Interest Periods 25 Section 2.6. Repayment of Loans 25 Section 2.7. Prepayments 25 Section 2.8. Continuation 26 Section 2.9. Conversion 26 Section 2.10. Notes 26 Section 2.11. Voluntary Reductions of the Commitment 27 Section 2.12. Extension of Termination Date 27 Section 2.13. Expiration Date of Letters of Credit Past Commitment Termination 27 Section 2.14. Amount Limitations 27 Section 2.15. Increase in Commitments 27 Section 2.16. Funds Transfer Disbursements 28 Article III. Payments, Fees and Other Definitional General Provisions 12 29 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 3.1. Payments 29 Section 3.2. Pro Rata Treatment and Payments 16 2.7 Requirements 29 Section 3.3. Sharing of Law 16 2.8 Payments, Etc 30 Section 3.4. Several Obligations 30 Section 3.5. Fees 30 Section 3.6. Computations 31 Section 3.7. Usury 31 Section 3.8. Statements of Account 32 Section 3.9. Defaulting Lenders 32 Section 3.10. Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases 34 Article IV. Yield Protection, Etc 36 Section 4.1. Additional Costs; Capital Adequacy 36 Section 4.2. Suspension of Purchased Assets: Deemed Collections 20 2.13 Application LIBOR Loans 37 Section 4.3. Illegality 38 Section 4.4. Compensation 38 Section 4.5. Treatment of Collections 21 Affected Loans 38 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No 4.6. Affected Lenders 39 Section 4.7. Mitigation; Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy Lending Office 39 Section 4.8. Assumptions Concerning Funding of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 LIBOR Loans 39 Article V. Conditions Precedent to 39 Section 5.1. Initial Purchase 26 4.2 Conditions Precedent 39 Section 5.2. Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Loans and Letters of Credit 41 Article VI. Representations and Warranties 41 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment 6.1. Representations and Warranties 41 Section 6.2. Survival of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books Representations and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 OfficesWarranties, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Etc 46

TABLE OF CONTENTS. Page ARTICLE I THE MERGER 1 Section 1.01 Terms of the Merger 1 - DEFINITIONS Section 1.02 Bank Merger 1 1.1 Defined Terms Section 1.03 Tax Consequences 1 1.2 Other Definitional Provisions 12 Section 1.04 Articles of Organization and Bylaws 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale Section 1.05 Directors of Surviving Corporation After Effective Time 2 Section 1.06 Effect of the Merger 2 Section 1.07 Effective Date and Assignment 15 2.4 Fees 15 2.5 Computation and PaymentsEffective Time; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements Closing 2 Section 1.08 Alternative Structure 2 Section 1.09 Additional Actions 2 Section 1.10 Absence of Law 16 2.8 Taxes 17 2.9 Indemnity 18 Control 3 ARTICLE II CONSIDERATION; EXCHANGE PROCEDURES 3 Section 2.01 Merger Consideration 3 Section 2.02 Rights as Shareholders; Stock Transfers 3 Section 2.03 No Fractional Shares 3 Section 2.04 Treasury Shares 3 Section 2.05 Reserved 3 Section 2.06 Exchange Procedures. 3 Section 2.07 Reservation of Shares 5 Section 2.08 Listing of Additional Shares 5 Section 2.09 Effect on Outstanding Shares of WFD Common Stock 5 Section 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - Effect on Outstanding CBNK Equity Awards 5 ARTICLE III REPRESENTATIONS AND WARRANTIES 22 3.1 OF CBNK 6 Section 3.01 Making of Representations and Warranties 6 Section 3.02 Organization, Standing and Authority of CBNK 6 Section 3.03 Organization, Standing and Authority of Chicopee Bank 6 Section 3.04 CBNK Capital Stock 6 Section 3.05 Subsidiaries 7 Section 3.06 Corporate Power; Minute Books 7 Section 3.07 Execution and Delivery 7 Section 3.08 Regulatory Approvals; No Defaults 7 Section 3.09 Financial Condition 22 3.2 No Change 22 3.3 Existence; Statements 8 Section 3.10 Securities Filings 8 Section 3.11 Absence of Certain Changes or Events. 8 Section 3.12 Financial Controls and Procedures 9 Section 3.13 Regulatory Matters 9 Section 3.14 Legal Proceedings 10 Section 3.15 Compliance with Law 22 3.4 PowerLaws 10 Section 3.16 Material Contracts; AuthorizationDefaults 10 Section 3.17 Brokers 11 Section 3.18 Employee Benefit Plans 11 Section 3.19 Labor Matters 12 Section 3.20 Environmental Matters 12 Section 3.21 Tax Matters 13 Section 3.22 Investment Securities 14 Section 3.23 Derivative Transactions 14 Section 3.24 Loans; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering Nonperforming and Anti-Terrorist Laws 25 Classified Assets 14 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 3.25 Tangible Properties and Assets 15 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; 3.26 Intellectual Property 15 Section 3.27 Fiduciary Accounts 16 Section 3.28 Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3216

TABLE OF CONTENTS. Section ARTICLE 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments1.01 Definitions 2 1.02 Interpretation 19 ARTICLE 2 ORGANIZATION 20 2.01 Formation 20 2.02 Name 20 2.03 Registered Office; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 ExistenceRegistered Agent; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company ActPrincipal Office in the United States; Other Regulations 24 3.12 Accuracy Offices 20 2.04 Purposes 20 2.05 No State Law Partnership 20 2.06 Foreign Qualification 21 2.07 Term 21 2.08 Title to Property 21 ARTICLE 3 MEMBERSHIP INTERESTS; DISPOSITIONS OF INTERESTS 21 3.01 Capital Structure 21 3.02 Representations, Warranties and Covenants 21 3.03 Dispositions and Encumbrances of InformationMembership Interests 23 3.04 Creation of Additional Membership Interests 31 3.05 Access to Information 32 3.06 Confidential Information 32 3.07 Liability to Third Parties 34 3.08 Use of Members’ Names and Trademarks 34 ARTICLE 4 CAPITAL CONTRIBUTIONS/LOANS 34 4.01 Capital Contributions 34 4.02 Loans 37 4.03 No Other Contribution or Loan Obligations 38 4.04 Return of Contributions 38 4.05 Capital Accounts 38 4.06 Failure to Make a Capital Contribution or Loan 39 4.07 Credit Assurance 41 ARTICLE 5 DISTRIBUTIONS AND ALLOCATIONS 41 5.01 Distributions 41 5.02 [Intentionally omitted.] 42 5.03 [Intentionally omitted.] 42 5.04 Allocations for Maintaining Capital Accounts 42 5.05 Allocations for Tax Purposes 44 5.06 Varying Interests 45 5.07 Amounts Withheld 45 ARTICLE 6 MANAGEMENT 46 6.01 Generally 46 6.02 Management Committee 46 6.03 Construction, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place Operation and Management Agreement 52 6.04 No Duties; Disclaimer of Duties 52 6.05 Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment Opportunities 53 6.06 Insurance Coverage 54 6.07 Indemnification 55 6.08 Limitation on Liability 55 6.09 Delivery of Obligations 30 5.4 Operating Budget 55 ARTICLE 7 DEVELOPMENT OF FACILITIES 56 7.01 Development of Facilities 56 7.02 Employee Matters 57 7.03 General Regulatory Matters 57 ARTICLE 8 TAXES 57 8.01 Tax Returns 57 8.02 Tax Elections 58 8.03 Tax Matters Member 58 ARTICLE 9 BOOKS, RECORDS, REPORTS, AND BANK ACCOUNTS 59 9.01 Maintenance of Existence; Compliance 30 5.5 Maintenance Books 59 9.02 Reports 60 9.03 Bank Accounts 62 ARTICLE 10 WITHDRAWAL 62 10.01 Right of Property; Insurance 30 5.6 Inspection Withdrawal 62 10.02 Deemed Withdrawal 62 10.03 Effect of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Withdrawal 62 ARTICLE 11 DISPUTE RESOLUTION 64 11.01 Disputes 64 11.02 Negotiation to Resolve Disputes 64 11.03 Courts 65 11.04 Specific Performance 65 11.05 Arbitration 65

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 (Continued) Page 7.9. Events of Default 49 7.10. Investment Company Act of 1940 49 7.11. Public Utility Holding Company Act 49 7.12. No Material Adverse Financial Change 49 7.13. Financial Information 49 7.14. Factual Information 50 7.15. ERISA 50 7.16. Taxes 50 7.17. No Brokers 50 7.18. Subsidiaries 50 7.19. Status 50 7.20. Patriot Act and Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale Specified Laws; OFAC 51 ARTICLE VIII. AFFIRMATIVE COVENANTS 52 8.1. Notices 52 8.2. Financial Statements, Reports, Etc. 52 8.3. Existence and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements Conduct of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases Operations 55 8.4. Maintenance of Purchased Assets: Deemed Collections 20 2.13 Application Properties 56 8.5. Insurance 56 8.6. Payment of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Obligations 56 8.7. Compliance with Law 22 3.4 PowerLaws 56 8.8. Adequate Books 56 8.9. ERISA 56 8.10. Maintenance of Status 56 8.11. Use of Proceeds 57 8.12. Distributions 57 8.13. Guarantors 57 ARTICLE IX. NEGATIVE COVENANTS 57 9.1. Change in Business 57 9.2. Change of Management of Properties 57 9.3. Change of Borrower Ownership 57 9.4. Use of Proceeds 58 9.5. Liens 58 9.6. Regulation U 59 9.7. Indebtedness and Cash Flow Covenants 59 9.8. Change of Control; AuthorizationMergers and Dispositions 60 9.9. Negative Pledge 60 ARTICLE X. DEFAULTS 60 10.1. Nonpayment of Principal 60 10.2. Certain Covenants 60 TABLE OF CONTENTS (Continued) Page 10.3. Nonpayment of Interest and Other Obligations 60 10.4. Cross Default 61 10.5. Loan Documents 61 10.6. Representation or Warranty 61 10.7. Covenants, Agreements and Other Conditions 61 10.8. No Longer General Partner 61 10.9. Material Adverse Financial Change 61 10.10. Bankruptcy 61 10.11. Legal Proceedings 62 10.12. ERISA 62 10.13. Change in Control 62 10.14. Failure to Satisfy Judgments 62 10.15. Environmental Remediation 63 ARTICLE XI. ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES 63 11.1. Acceleration 63 11.2. Preservation of Rights; Enforceable Obligations 23 3.5 Amendments 63 ARTICLE XII. THE ADMINISTRATIVE AGENT 64 12.1. Appointment 64 12.2. Powers 64 12.3. General Immunity 64 12.4. No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of InformationResponsibility for Loans, Recitals, etc. 25 3.13 Solvency 25 3.14 Security 64 12.5. Action on Instructions of Lenders 65 12.6. Employment of Administrative Agents and Counsel 65 12.7. Reliance on Documents; Counsel 65 12.8. Administrative Agent’s Reimbursement and Indemnification 65 12.9. Rights as a Lender 66 12.10. [reserved]. 66 12.11. Lender Credit Decision 66 12.12. Successor Administrative Agent 66 12.13. Notice of Defaults 67 12.14. Requests for Approval 67 12.15. Copies of Documents 25 3.15 Principal Place 67 12.16. Defaulting Lenders 68 12.17. Delegation to Affiliates 69 12.18. Managing Agents, Syndication Agent, etc. 69 ARTICLE XIII. BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS 69 13.1. Successors and Assigns 69 13.2. Participations 70 13.3. Assignments; Consents 71 TABLE OF CONTENTS (Continued) Page 13.4. Register 73 13.5. [reserved] 73 13.6 Confidentiality 73 13.7 Tax Treatment 74 ARTICLE XIV. GENERAL PROVISIONS 74 14.1. Survival of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance Representations 74 14.2. Governmental Regulation 74 14.3. Taxes 74 14.4. Headings 74 14.5. No Third Party Beneficiaries 75 14.6. Expenses; Indemnification 75 14.7. Severability of Provisions 75 14.8. Nonliability of the Lenders 75 14.9. Choice of Law 76 14.10. Consent to Jurisdiction 76 14.11. Waiver of Jury Trial 76 14.12. Successors and Assigns 76 14.13. Entire Agreement; Modification of Agreement 77 14.14. Dealings with Money Laundering and Antithe Borrower 77 14.15. Set-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of ExistenceOff 78 14.16. Counterparts 78 14.17. Patriot Act; Compliance 30 5.5 Maintenance 78 ARTICLE XV. NOTICES 79 15.1. Giving Notice; Electronic Delivery 79 15.2. Change of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Address 81

TABLE OF CONTENTS. Section ARTICLE 1 - DEFINITIONS INTERPRETATION 1 1.1 Defined Terms Definitions 1 1.2 Other Definitional Provisions Interpretation Not Affected by Headings, etc 9 1.3 Number, etc. 10 1.4 Date for Any Action 10 1.5 Entire Agreement 10 1.6 Currency 10 1.7 Accounting Matters 10 1.8 Disclosure in Writing 10 1.9 Interpretation Not Affected by Party Drafting 10 1.10 GP Power and Authority 10 1.11 Exhibits 11 ARTICLE 2 – THE ARRANGEMENT 11 2.1 Plan of Arrangement 11 2.2 Interim Order 11 2.3 Information Circulars and Meetings 12 Section 2 2.4 Effective Date 13 ARTICLE 3 - THE INVESTMENTS COVENANTS 13 2.1 Purchaser’s Investment Limits 3.1 Covenants of Cervus and Cervus GP 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 3.2 Covenants of Vasogen 15 2.4 Fees 15 2.5 Computation and Payments3.3 Mutual Covenants Regarding the Arrangement 18 3.4 Mutual Covenants Regarding Non-Solicitation 19 3.5 Provision of Information; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections Access 21 Section 3 ARTICLE 4 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 4.1 Representations and Warranties of Cervus 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 4.2 Representations and Warranties of Vasogen 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 ARTICLE 5 - CONDITIONS PRECEDENT 26 4.1 5.1 Mutual Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 5.2 Additional Conditions to Effectiveness 28 Section 5 - COVENANTS Obligations of Cervus and Cervus GP 27 5.3 Additional Conditions to Obligations of Vasogen 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment 5.4 Notice and Effect of Obligations 30 5.4 Maintenance of Existence; Compliance Failure to Comply with Conditions 30 5.5 Maintenance Satisfaction of Property; Insurance Conditions 30 5.6 Inspection of Property; Books ARTICLE 6 - AMENDMENT 30 6.1 Amendment 30 ARTICLE 7 - TERMINATION 31 7.1 Termination 31 7.2 Notice and Records; Discussions 30 5.7 Cure Provisions 32 7.3 Termination Fee 33 7.4 Damages and Remedies 33 ARTICLE 8 - CONFIDENTIALITY 34 8.1 Confidentiality 34 ARTICLE 9 - NOTICES 35 9.1 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 35 ARTICLE 10 - GENERAL 37 10.1 Binding Effect 37 10.2 Assignment 37 10.3 Disclosure 37 10.4 Costs 37 10.5 Severability 37 10.6 Further Assurances 31 5.11 Offices37 10.7 Time of Essence 38 10.8 Governing Law 38 10.9 Waiver 38 10.10 Obligations 38 10.11 Counterparts 38 EXHIBIT A - FORM OF PLAN OF ARRANGEMENT A-1 EXHIBIT B - FORM OF INDEMNITY AGREEMENT B-1 EXHIBIT C - REQUIRED APPROVALS C-1 EXHIBIT D - FORMS OF ARRANGEMENT RESOLUTIONS D-1 EXHIBIT E - FORM OF DIVESTITURE AGREEMENT E-1 ARRANGEMENT AGREEMENT THIS ARRANGEMENT AGREEMENT is dated as of the 14th day of August, Records2009, Books BETWEEN: CERVUS LP, a limited partnership created under the Laws of Account 31 5.12 Salesthe Province of Alberta (hereinafter referred to as "Cervus") and CERVUS GP LTD., Liensa corporation subsisting under the Laws of Alberta (hereinafter referred to as "Cervus GP") AND: VASOGEN INC., Etc. 32 5.13 Extension or Amendment a corporation subsisting under the Laws of Receivables 32 5.14 Status of Scheduled Receivables 32Canada (hereinafter referred to as "Vasogen")

TABLE OF CONTENTS. Section 1 - ARTICLE I. DEFINITIONS 1 1.1 1.1. Defined Terms 1 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 1.2. Construction 13 2.1 Purchaser’s Investment Limits ARTICLE II. PURCHASE AND SALE 13 2.2 Procedure for Making Purchases 2.1. Purchase and Sale of Acquired Assets 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments2.2. Assumed Liabilities; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Excluded Liabilities 14 2.3. Purchase Price Adjustments/Deferred 14 2.4. Payment of Purchase Price; Escrow Fund 14 2.5. Necessary Actions; Further Action 14 2.6. Purchase Price Allocation 15 2.7. Purchase Price Adjustment 16 2.8. Withholding Rights 18 2.9 Allocation of Taxes 18 2.10. Closing 19 2.12 Repurchases of Purchased Assets: Deemed Collections 2.11. Deliveries by Company 19 2.12. Deliveries by Purchaser 20 2.13 Application of Collections 21 Section 3 - ARTICLE III. REPRESENTATIONS AND WARRANTIES OF COMPANY AND SHAREHOLDERS 20 3.1. Organization 21 3.2. No Subsidiaries 21 3.3. Authorization 21 3.4. Title to Properties and Assets; Sufficiency of Assets 22 3.1 3.5 Real Property 23 3.6. Financial Condition 22 3.2 Statements; Books and Records 23 3.7. Liabilities 23 3.8. Absence of Certain Changes 23 3.9. Material Contracts 25 3.10. Compliance with Other Instruments; No Change 22 3.3 Existence; Conflicts 27 3.11. Taxes 28 3.12. Environmental Matters 29 3.13. Employee Benefits 29 3.14. Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 31 3.15. Permits 31 3.16. Consents and Approvals 31 3.17. Litigation 23 3.7 No Default 23 3.8 Ownership of 32 3.18. Labor Matters 32 3.19. Intellectual Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Software 33 3.20. Transactions with Certain Persons 40 3.21. Insurance 40 3.22. Accounts Receivable 40 3.23. Inventory 40 3.24. Certain Business Practices 41 3.25. Warranties 41 3.26. Suppliers and Customers 41 3.27 Solvency 41 3.28. No Brokers 42 3.29. Other Regulations 24 3.12 Accuracy of Information, etcInformation 42 ARTICLE IV. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place REPRESENTATIONS AND WARRANTIES OF PURCHASER 42 4.1. Organization 42 4.2. Authorization 43 ARTICLE V. COVENANTS 43 5.1. Conduct of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering 43 5.2. Access to Information 45 5.3. Notification of Certain Matters 45 5.4. No Solicitation 46 5.5. Covenants Regarding Information 47 5.6. Non-Competition; Non-Solicitation . 5.7. Employment 49 5.8. Payment of Liabilities 49 5.9. Bulk Sales 49 5.10. Tax Matters 50 5.11. Refunds and AntiRemittances 50 5.12. Power of Attorney 50 5.13. Customer and Other Business Relationships 50 5.14. Resale Certificate 51 5.15. Public Announcements 51 5.16. Prohibition on Use 51 ARTICLE VI. OTHER POST-Terrorist Laws 25 Section 4 - CLOSING COVENANTS 51 6.1. Accounts Receivable and Other Payments 51 6.2. Proration of Liabilities 51 6.3 Inventory Sales 52 6.4 Termination of Non-assumed Contracts 52 ARTICLE VII. CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 TO CLOSING 52 7.1. Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 CertificatesObligations of Company 52 7.2. Conditions to Obligations of Purchaser 53 ARTICLE VIII. TERMINATION 54 8.1. Termination 54 8.2. Effect of Termination 55 8.3. Expenses 55 ARTICLE IX. INDEMNIFICATION; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, EtcESCROW 56 9.1. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32General Survival 56 9.2. Indemnification 56 9.3 Procedures 57

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 1. AMOUNT AND TERMS OF CREDIT 3 1.1 Defined Terms 1 Credit Facilities 3 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 Letters of Credit 17 1.3 Prepayments 18 1.4 Use of Proceeds 22 1.5 Interest and Applicable Margins 23 1.6 Fees 28 1.7 Receipt of Payments 29 1.8 Application and Allocation of Payments 30 1.9 Loan Accounts and Accounting 31 1.10 Indemnity 33 1.11 Taxes 36 1.12 Capital Adequacy; Increased Costs; Illegality 41 1.13 Currency Conversion 43 1.14 Judgment Currency; Contractual Currency 43 1.15 Single Loan 44 1.16 Mitigation 44 2. CONDITIONS PRECEDENT 44 2.1 Purchaser’s Investment Limits 13 Conditions to the Initial Loans 44 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - Further Conditions to Each Loan Made After the Closing Date 47 3. REPRESENTATIONS AND WARRANTIES 22 47 3.1 Financial Condition 22 3.2 No Change 22 3.3 Corporate Existence; Compliance with Law 22 3.4 48 3.2 Corporate Power; , Authorization; , Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 48 3.3 Material Adverse Effect 49 3.4 Ownership of Property; Liens 24 49 3.5 Government Regulation 49 3.6 Margin Regulations 50 3.7 Taxes 50 3.8 Employee Benefit Plans 50 3.9 Taxes 24 No Litigation 51 3.10 Federal Regulations 24 Full Disclosure 51 3.11 Investment Company Act; Other Regulations 24 Environmental Matters 51 3.12 Accuracy Solvency 52 3.13 PATRIOT Act 52 3.14 Financial Administration Act (Canada) 52 3.15 No Financial Assistance 53 4. FINANCIAL STATEMENTS AND INFORMATION 53 4.1 Financial Statements and Information 53 5. AFFIRMATIVE COVENANTS 53 5.1 Maintenance of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place Existence and Conduct of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 53 5.2 Payment of Charges 54 5.3 Books and Records 54 5.4 Insurance 54 5.5 Compliance with Money Laundering Laws 55 5.6 Supplemental Disclosure 55 5.7 Environmental Matters 55 5.8 Real Estate 55 5.9 Further Assurances and AntiCollateral 56 5.10 Future Credit Parties 56 5.11 Post-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Closing Requirements 58 5.12 Interest Rate Protection 58 5.13 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 OfficesRatings 58 5.14 Lender Meetings 58 5.15 Financial assistance 58 5.16 Credit Parties 58 5.17 Deposit Accounts 59 6. NEGATIVE COVENANTS 59 6.1 Mergers, Records, Books of Account 31 5.12 Sales, LiensSubsidiaries, Etc. 32 5.13 Extension or Amendment 59 6.2 Investments; Loans and Advances 62 6.3 Indebtedness 63 6.4 Affiliate Transactions 66 6.5 Capital Structure and Business 66 6.6 Guaranteed Indebtedness 67 6.7 Liens; Restrictive Agreements 67 6.8 Sale of Receivables 32 5.14 Status Equity Interests and Assets 67 6.9 Financial Covenants 69 6.10 Sale-Leasebacks 69 6.11 Restricted Payments 69 6.12 Change of Scheduled Receivables 32Fiscal Year 71 6.13 Holding Company 71 7. TERMINATION 71 7.1 Termination 71 7.2 Survival of Obligations Upon Termination of Financing Arrangements 71 8. EVENTS OF DEFAULT; RIGHTS AND REMEDIES 71 8.1 Events of Default 71 8.2 Remedies 73 8.3 Waivers by Credit Parties 74

TABLE OF CONTENTS. Section 1 - I. DEFINITIONS 1 1.1 Defined Accounting Terms 1 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 General Terms 1 1.3 Uniform Commercial Code Terms 21 1.4 Certain Matters of Construction 21 II. ADVANCES, PAYMENTS 22 2.1 Purchaser’s Investment Limits 13 Revolving Advances 22 2.2 Procedure for Making Purchases 13 Borrowing Advances 23 2.3 Sale Disbursement of Advance Proceeds 25 2.4 Maximum Advances 26 2.5 Repayment of Advances 26 2.6 Repayment of Excess Advances 27 2.7 Statement of Account 27 2.8 Letters of Credit 27 2.9 Issuance of Letters of Credit 28 2.10 Requirements For Issuance of Letters of Credit 29 2.11 Additional Payments 31 2.12 Manner of Borrowing and Assignment 15 2.4 Payment 31 2.13 Reserved 33 2.14 Use of Proceeds 33 2.15 Defaulting Lender 33 III. INTEREST AND FEES 34 3.1 Interest 34 3.2 Letter of Credit Fees 15 2.5 35 3.3 Facility Fee 36 3.4 Collateral Fees 36 3.5 Initial Fee 36 3.6 Computation of Interest and Payments; Commitment Fees 15 2.6 Pro Rata Treatment 37 3.7 Maximum Charges 37 3.8 Increased Costs 37 3.9 Basis For Determining Interest Rate Inadequate or Unfair 38 3.10 Capital Adequacy 38 IV. COLLATERAL: GENERAL TERMS 39 4.1 Security Interest in the Collateral 39 4.2 Perfection of Security Interest 40 4.3 Disposition of Collateral 40 4.4 Preservation of Collateral 40 4.5 Ownership of Collateral 41 4.6 Defense of Agent’s and Payments 16 2.7 Requirements Lenders’ Interests 41 4.7 Books and Records 42 4.8 Financial Disclosure 42 4.9 Compliance with Laws 42 4.10 Inspection of Law 16 2.8 Premises 43 4.11 Insurance 43 4.12 Failure to Pay Insurance 44 4.13 Payment of Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases 44 4.14 Payment of Purchased Assets: Deemed Collections 20 2.13 Application Leasehold Obligations 45 4.15 Receivables 45 4.16 Maintenance of Collections 21 Section 3 - Equipment 48 4.17 Exculpation of Liability 48 i 4.18 Environmental Matters 49 4.19 Financial Statements 51 V. REPRESENTATIONS AND WARRANTIES 22 3.1 51 5.1 Authority 51 5.2 Formation and Qualification 52 5.3 Survival of Representations and Warranties 52 5.4 Tax Returns 52 5.5 Financial Condition 22 3.2 Statements 53 5.6 Corporate Name 54 5.7 O.S.H.A. and Environmental Compliance 54 5.8 Solvency; No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 Litigation, Violation, Indebtedness or Default 54 5.9 Patents, Trademarks, Copyrights and Licenses 56 5.10 Licenses and Permits 56 5.11 Default of Indebtedness 56 5.12 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal 56 5.13 No Burdensome Restrictions 57 5.14 No Labor Disputes 57 5.15 Margin Regulations 24 3.11 57 5.16 Investment Company Act; Other Act 57 5.17 Disclosure 57 5.18 Hedging Contracts 57 5.19 Conflicting Agreements 58 5.20 Application of Certain Laws and Regulations 24 3.12 Accuracy 58 5.21 Business and Property of Information, etcthe Loan Parties 58 5.22 Section 20 Subsidiaries 58 5.23 Anti-Terrorism Laws 58 5.24 Credit Card Agreements 59 VI. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place AFFIRMATIVE COVENANTS 59 6.1 Payment of Fees 59 6.2 Conduct of Business 25 3.16 Accounting for Scheduled and Maintenance of Existence and Assets 59 6.3 Violations 60 6.4 Government Receivables 25 3.17 Compliance with Money Laundering and 60 6.5 Fixed Charge Coverage Ratio 60 6.6 Threshold Availability 60 6.7 Execution of Supplemental Instruments 61 6.8 Payment of Indebtedness 61 6.9 Standards of Financial Statements 61 6.10 Anti-Terrorist Terrorism Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - 61 VII. NEGATIVE COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment 61 7.1 Merger, Consolidation, Acquisition and Sale of Obligations 30 5.4 Maintenance Assets 62 7.2 Creation of Existence; Compliance 30 5.5 Maintenance Liens 62 7.3 Guarantees 62 7.4 Investments 62 7.5 Loans 62 7.6 Capital Expenditures 63 7.7 Dividends 63 7.8 Indebtedness 64 7.9 Nature of Property; Insurance 30 5.6 Inspection Business 64 7.10 Transactions with Affiliates 64 7.11 Leases 64 7.12 Subsidiaries 65 7.13 Fiscal Year and Accounting Changes 65 7.14 Pledge of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Credit 65

TABLE OF CONTENTS. Section ARTICLE 1 - DEFINITIONS 1 1.1 Defined Terms 1 Definitions 2 1.2 Other Definitional Provisions 12 Section Construction 5 ARTICLE 2 - THE INVESTMENTS 13 GENERAL 5 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Purpose 5 ARTICLE 3 - INVESTMENT 5 3.1 Purchase and Sale 5 3.2 Exchange of Shares 5 3.3 Closing Conditions 5 3.4 Closing 7 3.5 Resulting Capital Structure 8 ARTICLE 4 - ADVANCE 8 ARTICLE 5 - COVENANTS 8 5.1 Consents and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements Authorizations 8 5.2 Conduct of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases Business 9 5.3 Compliance with Laws 11 5.4 Transfer of Purchased Assets: Deemed Collections 20 2.13 Application Shares 11 5.5 Cooperation 11 5.7 Further Implementation 11 5.8 Post-Closing Ownership Deed 11 5.9 Sale or Issuance of Collections 21 Section 3 Shares to Third Parties ERROR! BOOKMARK NOT DEFINED. ARTICLE 6 - REPRESENTATIONS AND WARRANTIES 12 6.1 Shareholders 12 6.2 The JV 14 6.3 Grant 18 ARTICLE 7 - OTHER AGREEMENTS 20 ARTICLE 8 - PAYMENT TO GRANT 21 ARTICLE 9 - INDEMNIFICATION 21 9.1 Survival 21 9.2 Grant's Losses 21 9.3 Shareholders' Losses 22 3.1 Financial Condition 9.4 Notice of Loss 22 3.2 No Change 9.5 Right to Defend 22 3.3 Existence; Compliance with 9.6 Manner and Limitation of Indemnification 23 ARTICLE 10 - GOVERNING LAW AND DISPUTE RESOLUTION 23 10.1 Governing Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 10.2 Arbitration 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 10.3 Other Principles 24 3.9 Taxes ARTICLE 11 - CONFIDENTIALITY 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc11.1 Confidentiality ERROR! BOOKMARK NOT DEFINED. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 11.2 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books Confidential Information ERROR! BOOKMARK NOT DEFINED. 11.3 Return of Account 31 5.12 Sales, Liens, EtcConfidential Information ERROR! BOOKMARK NOT DEFINED. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3255

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Accounting Terms 10 1.3 Other Definitional Terms Defined in UCC 10 1.4 Other Interpretive Provisions 12 10 Section 2 - COMMITMENT OF THE INVESTMENTS 13 BANK; BORROWING PROCEDURES; PAYMENTS 11 2.1 Purchaser’s Investment Limits 13 Commitments 11 2.2 Procedure for Making Purchases 13 Borrowing Procedures 12 2.3 Sale and Assignment Loan Account 15 2.4 Fees Discretionary Disbursements 15 2.5 Computation and Payments; Commitment Fees Notes 15 2.6 Pro Rata Treatment and Revolving Loan Principal Payments 16 15 2.7 Requirements of Law Taxes 16 2.8 Taxes Compliance with Bank Regulatory Requirements; Increased Costs 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - INTEREST RATE, FEES AND EXPENSES 17 3.1 Interest Rates 17 3.2 Default Rate 17 3.3 Interest Payment Dates 17 3.4 Computations 18 3.5 Letter of Credit Fees 18 3.6 Non-Use Fee 18 3.7 Costs, Fees and Expenses 18 Section 4 CONDITIONS OF BORROWING 19 4.1 Loan Documents 19 4.2 Event of Default 20 4.3 Banking Relationship 20 4.4 Reimbursement of Expenses 20 4.5 Material Adverse Effect 20 4.6 Litigation 20 4.7 Representations and Warranties 20 Section 5 REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 20 5.1 Borrower Organization and Name 20 5.2 Authorization 21 5.3 Validity and Binding Nature 21 5.4 Ownership of PropertyProperties; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy 21 5.5 Equity Ownership 21 5.6 Intellectual Property 21 5.7 Financial Statements 21 5.8 Litigation and Contingent Liabilities 21 5.9 Event of InformationDefault 22 5.10 Adverse Circumstances 22 5.11 Environmental Laws and Hazardous Substances 22 5.12 Solvency, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal 22 5.13 ERISA Obligations 22 5.14 Labor Relations 23 5.15 Lending Relationship 23 5.16 Business Loan 23 5.17 Taxes 23 5.18 Compliance with Regulation U 23 5.19 Governmental Regulation 23 5.20 Place of Business 24 5.21 Complete Information 24 Section 6 AFFIRMATIVE COVENANTS 24 6.1 Borrower Existence 24 6.2 Compliance With Laws 24 6.3 Payment of Taxes and Liabilities 25 3.16 Accounting for Scheduled Receivables 6.4 Maintain Property 25 3.17 Compliance with Money Laundering 6.5 Maintain Insurance 25 6.6 ERISA Liabilities; Employee Plans 25 6.7 Intellectual Property 26 6.8 Notice of Proceedings 26 6.9 Notice of Event of Default or Material Adverse Effect 26 6.10 Environmental Matters 26 6.11 Further Assurances 27 6.12 Banking Relationship 27 6.13 Financial Statements and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases Books and Records 27 4.3 Conditions to Effectiveness 6.14 Reporting Requirements 27 6.15 Use of Proceeds 28 6.16 Other Reports 28 Section 5 - 7 NEGATIVE COVENANTS 28 7.1 Debt 28 7.2 Encumbrances 28 7.3 Transfer; Merger; Sales 29 5.1 Financial Statements 7.4 Investments, Acquisitions, Loans and Advances 29 5.2 Certificates7.5 Intentionally Omitted 29 7.6 Transactions with Affiliates 29 7.7 Unconditional Purchase Obligations 29 7.8 Cancellation of Debt 29 7.9 Inconsistent Agreements 30 7.10 Use of Proceeds 30 7.11 Business Activities; Other Information 29 5.3 Payment Change of Legal Status and Organizational Documents 30 Section 8 FINANCIAL COVENANTS 30 8.1 Tangible Net Worth 30 8.2 Liabilities to Tangible Net Worth 30 8.3 Interest Coverage Ratio 30 Section 9 EVENTS OF DEFAULT 30 9.1 Nonpayment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 9.2 Misrepresentation 31 5.9 Irrevocable Payment Instructions 9.3 Nonperformance 31 5.10 Further Assurances 9.4 Default under Loan Documents 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 329.5 Default under Other Debt 31

TABLE OF CONTENTS. Page Section 1 - DEFINITIONS Definitions; Interpretation 1 1.1 Defined Terms Definitions 1 1.2 Other Definitional Provisions 12 Interpretation 15 Section 2 - THE INVESTMENTS 13 Credit Facility 16 2.1 Purchaser’s Investment Limits 13 Term Loan Commitments 16 2.2 Procedure for [Reserved] 17 2.3 Commitments Several 17 2.4 Indebtedness Absolute; No Offset; Waiver 17 2.5 Loan Accounting 18 2.5.1 Recordkeeping 18 2.5.2 Notes 18 2.6 Payment of Interest and Principal 19 2.6.1 Interest Rate Calculation 19 2.6.2 Payments of Interest 20 2.6.3 Payments of Principal 20 2.7 Fees 20 2.8 Prepayment 21 2.8.1 Mandatory Prepayment 21 2.8.2 Voluntary Prepayment 21 2.9 Payment Mechanics 21 2.9.1 Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and of Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 21 2.9.2 Application of Collections 21 Payments and Proceeds 22 2.9.3 Set-off 22 2.9.4 Proration of Payments 22 Section 3 - REPRESENTATIONS AND WARRANTIES Yield Protection 22 3.1 Financial Condition Taxes 22 3.2 No Change 22 Manner of Funding; Alternate Funding Offices 25 3.3 ExistenceConclusiveness of Statements; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws Survival 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 25 4.1 Conditions to Effectiveness 28 of this Agreement 25 4.2 Conditions to Funding of Term Loan 26 Section 5 - COVENANTS Representations and Warranties 27 5.1 Organization 27 5.2 Authorization; No Conflict 27 5.3 Validity; Binding Nature 27 5.4 Financial Condition 27 5.5 No Material Adverse Effect 28 5.6 Litigation 28 5.7 Ownership of Properties; Liens 28 5.8 Capitalization 28 5.9 Pension Plans 28 5.10 Investment Company Act 28 5.11 No Default 29 5.1 Financial Statements 5.12 Margin Stock 29 5.2 Certificates; Other 5.13 Taxes 29 5.14 Solvency 29 5.15 Environmental Matters 29 5.16 Insurance 29 5.17 Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of 5.18 Intellectual Property; Insurance Products and Services 30 5.6 Inspection 5.19 Restrictive Provisions 31 5.20 Labor Matters 31 5.21 Material Contracts 31 5.22 Compliance with Laws; Health Care Laws 31 5.23 Existing Indebtedness; Investments, Guarantees and Certain Contracts 33 5.24 Affiliated Agreements 33 5.25 Names; Locations of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension Records and Collateral; Deposit Accounts 33 5.26 Non-Subordination 33 5.27 Broker’s or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Finder’s Commissions 33 5.28 Anti-Terrorism; OFAC 34 5.29 Security Interest 34 5.30 Survival 34 Section 6 Affirmative Covenants 34 6.1 Information 34 6.1.1 Annual Report 35 6.1.2 Interim Reports 35 6.1.3 Quarterly Review Meeting 36

TABLE OF CONTENTS. Section 1. Leased Premises 1 - DEFINITIONS 2. Lease Term 1 1.1 Defined Terms 3. [Intentionally Omitted.] 1 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc4. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Rent 1 5. Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Rent 1 6. Late Charges 2 7. Additional Rent 2 8. Taxes 2 9. Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books Leased Premises 2 10. [Intentionally Omitted.] 3 11. Alterations and Improvements 3 12. Maintenance and Repairs 3 13. Access 3 14. Liability and Casualty Insurance 4 15. Liens 6 16. Destruction of Account 31 5.12 Sales, Liens, EtcPremises 7 17. 32 5.13 Extension or Amendment Condemnation 7 18. Signs 7 19. Utilities 8 20. Intentionally Omitted 8 21. Assignment and Subletting 8 22. Surrender 9 23. Title to Improvements 9 24. Default - Grounds 9 25. Default - Remedies 10 26. Right to Cure 11 27. Holding Over 11 28. Statement from Lessee 11 29. Notices - Manner of Receivables 32 5.14 Status Giving 11 30. Lessor’s Right to Perform Lessee’s Covenants 11 31. Waiver 12 32. Time 12 33. No Recording 12 34. Subordination by Lessee 12 35. Invalidity 12 36. Construction 12 37. Attorneys’ Fees 12 38. Binding Effect 12 39. Net Lease 12 40. Conveyance by Lessor 13 41. No Personal Liability to Lessor 13 42. Intentionally Omitted 13 43. Commissions 13 44. No Partnership 13 45. Intentionally Omitted 13 46. Consent of Scheduled Receivables 32Lessor 13 47. Survival of Obligations 13 48. Entire Agreement 13 49. Rubbish Removal 13 50. Hazardous Materials 14 51. Representations and Warranties of Xxxxxx 00 00. Representations and Warranties of Lessor 16 53. Severability 16 54. Lessee Financial Information 16 55. Waiver of Redemption 16 56. Disclaimer 16 57. Brokerage Disclosure 16 58. Waiver of Right to Jury Trial 16 Exhibits Exhibit “A” Legal Description of Land

TABLE OF CONTENTS. Section 1 - Page 1. DEFINITIONS 1 1.1 Certain Defined Terms 1 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 2. REVOLVING CREDIT 20 2.1 Purchaser’s Investment Limits 13 Commitment 20 2.2 Procedure Accrual of Interest and Maturity; Evidence of Indebtedness 20 2.3 Requests for Making Purchases 13 2.3 Sale and Assignment 15 Refundings and Conversions of Advances 21 2.4 Fees 15 Disbursement of Advances 23 2.5 Computation Swing Line Advances 25 2.6 Prime-based Interest Payments 30 2.7 Eurocurrency-based Interest Payments and Payments; Quoted Rate Interest Payments 30 2.8 Interest Payments on Conversions 31 2.9 Interest on Default 31 2.10 Optional Prepayments 31 2.11 Prime-based Advance in Absence of Election or Upon Default 31 2.12 Revolving Credit Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements Fee 32 2.13 Mandatory Repayment of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases Revolving Credit Advances 32 2.14 Optional Reduction or Termination of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Revolving Credit Aggregate Commitment 33 2.15 Use of Proceeds 31 5.9 of Advances 33 3. LETTERS OF CREDIT 34 3.1 Letters of Credit 34 3.2 Conditions to Issuance 34 3.3 Notice 35 3.4 Letter of Credit Fees 36 3.5 Other Fees 37 3.6 Drawings and Demands for Payment Under Letters of Credit 37 3.7 Obligations Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices39 3.8 Risk Under Letters of Credit 40 3.9 Indemnification 41 3.10 Right of Reimbursement 42 4. [RESERVED] 42 5. CONDITIONS 42 5.1 Execution of Notes and this Agreement 42 5.2 Corporate or Limited Liability Company Authority 42 5.3 Collateral Documents, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Guaranties and other Loan Documents 43 5.4 Existing Credit Facilities 44 5.5 Insurance 44 5.6 Compliance with Certain Documents and Agreements 44

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS (continued) Page 5.03 No Violation; Consents and Approvals 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 5.04 Financial Statements 14 5.05 Undisclosed Liabilities 14 5.06 Absence of Certain Developments 15 2.4 Fees 5.07 Litigation 15 2.5 Computation and Payments; Commitment Fees 5.08 Environmental Matters 15 2.6 Pro Rata Treatment and Payments 5.09 Title to Properties 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; 5.10 Compliance with Law Laws; Anti-Corruption; Trade Controls 17 5.11 Permits 18 5.12 Labor and Employment Matters 19 5.13 Employee Benefit Plans 19 5.14 Tax Matters 21 5.15 Insurance 22 3.4 Power5.16 Affiliated Transactions 23 5.17 Material Contracts 24 5.18 Material Customers; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Material Vendors 25 5.19 Intellectual Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company ActInformation Technology; Other Regulations 24 3.12 Accuracy Data Privacy 26 5.20 Sufficiency of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and AntiAssets 28 5.21 No Brokers 29 ARTICLE VI PRE-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - CLOSING COVENANTS 29 5.1 Financial Statements 6.01 Closing Conditions 29 5.2 Certificates; Other 6.02 Notices and Consents 29 6.03 Regulatory Filings 30 6.04 Conduct of the Business 32 6.05 Access to Information 29 5.3 Payment 36 6.06 Notice of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Developments 37 6.07 Exclusivity 37 6.08 Confidentiality Agreement 37 6.09 Financing 37 6.10 Resignations 39 6.11 Related Party Agreements 39 6.12 Code Section 280G 39 6.13 Paying Agent 40 ARTICLE VII POST-CLOSING COVENANTS 40 7.01 Further Assurances 40 7.02 Director and Officer Liability and Indemnification 40 7.03 Access to Books and RecordsRecords 42 7.04 Employees; Discussions 30 5.7 Benefits 42 7.05 Tax Matters 42 TABLE OF CONTENTS (continued) Page 7.06 Mutual Release 43 7.07 Restrictive Covenant Agreement 44 ARTICLE VIII SURVIVAL 45 ARTICLE IX TERMINATION 45 9.01 Termination 45 9.02 Effect of Termination 46 9.03 Termination Fee 47 ARTICLE X GENERAL PROVISIONS 48 10.01 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3248 10.02 Entire Agreement 48 10.03 Severability 49 10.04 Expenses 49 10.05 Amendment; Waiver 49 10.06 Binding Effect; Assignment 49 10.07 Counterparts 49 10.08 Interpretation; Disclosure Schedule 49 10.09 Governing Law; Interpretation 50 10.10 Forum Selection and Consent to Jurisdiction 50 10.11 Specific Performance 51 10.12 Arm’s Length Negotiations; Drafting 51

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 1.1 Page 1. Defined Terms 1 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 5 2. The Loan 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale 3. Warranty of Title 14 4. Insurance 14 5. Payment of Taxes 20 6. Tax Escrow Fund 21 7. Annual Budget; Accounts 22 8. Condemnation 22 9. Leases and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etcRents 25 10. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering Representations Concerning Loan and Anti-Terrorist Terrorism Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates11. Single Purpose Entity; Other Information 29 5.3 Payment of Obligations 30 5.4 Authorization 33 12. Maintenance of Existence; Compliance 30 5.5 Maintenance Property 35 13. Transfer or Encumbrances of Property; Insurance 30 5.6 Inspection the Property 35 14. Certificates: Affidavits 37 15. Changes in the Laws Regarding Taxation 37 16. No Credits on Account of Property; the Debt 38 17. Documentary Stamps 38 18. Controlling Agreement 38 19. Books and Records; Discussions 30 5.7 Notices 30 5.8 Use Records 39 20. Performance of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Other Agreements 40 21. Further Assurances 31 5.11 Offices41 22. Recording of Mortgage 42 23. Reporting Requirements 43 24. Events of Default 43 25. Late Payment Charge: Servicing Fees 46 26. Right to Cure Defaults 46 27. Remedies 46 28. Right of Entry 50 29. Security Agreement 50 30. Actions and Proceedings 51 31. Waiver of Setoff and Counterclaim 51 32. Contest of Certain Claims 51 33. Recovery of Sums Required to Be Paid 52 34. Marshaling and Other Matters 52 35. Hazardous Substances 52 36. Asbestos 53 37. Environmental Monitoring 54 38. Management of the Property 54 39. Handicapped Access 57 40. ERISA 57 41. Indemnification 58 42. Recourse and Indemnification 59 43. Notice 60 44. Authority 61 45. Waiver of Notice 62 46. Remedies of Mortgagor 62 47. Sole Discretion of Mortgagee 62 48. Non-Waiver 62 49. No Oral Change 63 50. Liability 63 51. Inapplicable Provisions 63 52. Section Headings 63 53. Counterparts 63 54. Certain Definitions 64 55. Assignments 64 56. SUBMISSION TO JURISDICTION 64 57. Agent for Receipt of Process 64 58. Service of Process 65 59. WAIVER OF JURY TRIAL 65 60. Homestead 65 61. CHOICE OF LAW 65 62. Time of Essence 66 63. Survival 66 64. No Third-Party Beneficiary Rights Created 66 65. Discharge 66 66. Maintaining Priority of Mortgage 66 67. Costs 66 68. Defeasance 67 69. Ground Lease 70 70. Local Law Provisions 70 DEED OF TRUST, RecordsASSIGNMENT OF LEASES AND RENTS, Books SECURITY AGREEMENT AND FIXTURE FILING This DEED OF TRUST, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING (this "Deed of Account 31 5.12 SalesTrust") is dated this 18th day of September, Liens2006 from COMPANY SUBSIDIARY, Etc. 32 5.13 Extension a Tennessee limited partnership, having an address c/o Equity Inns, Inc., 7000 Xxxx Xxxxx Xxxxxxxxx, Xxxxxxxxxx, Xxxxxxxxx 00000 (“Grantor”) to c/o EXXXXX X. XXXXXXX, whose address is c/o Xxxxxxxxxxx & Lxxxxxxx Nxxxxxxxx Xxxxxx, LLP, 2000 Xxxxx Xxxxxxx, Xxxxx 1800, Dallas, Texas 75201, as Trustee (“Trustee”), for the benefit of CAPMARK BANK, a Utah Industrial Bank f/k/a GMAC Commercial Mortgage Bank, a Utah industrial bank with an address at 6000 Xxxxx Xxxx Xxxxxx, Xxxxx 000, Xxxxxxx, Xxxx 00000, Attention: President (together with its successors or Amendment assigns or any servicers selected by the holder(s) of Receivables 32 5.14 Status of Scheduled Receivables 32the Note from time to time in its sole discretion to service the Loan, "Beneficiary").

TABLE OF CONTENTS. Section ARTICLE 1 - DEFINITIONS INTERPRETATION 1 1.1 Defined Terms 1.01 Definitions 1 1.2 Other Definitional Provisions 12 Section 1.02 Headings 3 1.03 Extended Meanings 3 1.04 Schedules 4 ARTICLE 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section APPOINTMENT - LICENSE 4 2.01 Appointment 4 2.02 License 4 2.03 Restrictions 4 ARTICLE 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering TERMS OF SALE 5 3.01 Forecast 5 3.02 Orders 5 3.03 Delivery by DRAXIMAGE 6 3.04 Quality and Anti-Terrorist Laws 25 Section Labelling 6 3.05 Customer Rejection 6 3.06 Audit Rights 7 ARTICLE 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section PRICE AND PAYMENT 7 4.01 Price 7 4.02 Taxes and Duties 7 4.03 Payment Terms 8 4.04 Retail Price 8 ARTICLE 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment DUTIES OF DISTRIBUTOR 8 5.01 Duties 8 5.02 Limitations 9 ARTICLE 6 - ADVERSE EVENTS — RECALLS - PHARMACOVIGILANCE 10 6.01 Adverse Events 10 6.02 Recalls 10 6.03 Pharmacovigilance 10 ARTICLE 7 - WARRANTIES 11 7.01 Representations and Warranties 11 ARTICLE 8 - INDEMNITIES — LIMITATION OF LIABILITY 12 8.01 Indemnities 12 8.02 Conditions 13 8.03 Records 13 8.04 Limitation of Obligations 30 5.4 Maintenance Liability 13 8.05 Limitation on Warranties 14 ARTICLE 9 - RELATIONSHIP 15 9.01 Independent Contractors 15 9.02 Confidentiality 15 ARTICLE 10 - Force Majeure 15 10.01 Definition 15 10.02 Non-default 15 10.03 Cessation of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Force Majeure 16 10.04 Termination 16 ARTICLE 11 - TERM - TERMINATION 16

TABLE OF CONTENTS. Section Page ARTICLE I Definitions 1 - DEFINITIONS 1 1.1 SECTION 1.01. Defined Terms 1 1.2 SECTION 1.02. Classification of Loans and Borrowings 25 SECTION 1.03. Terms Generally 26 SECTION 1.04. Accounting Terms; GAAP 26 SECTION 1.05. Pro Forma Adjustments for Acquisitions and Dispositions 26 SECTION 1.06. Status of Obligations 27 ARTICLE II The Credits 27 SECTION 2.01. Commitments 27 SECTION 2.02. Loans and Borrowings 27 SECTION 2.03. Requests for Borrowings 28 SECTION 2.04. [Intentionally Omitted] 29 SECTION 2.05. Swingline Loans 29 SECTION 2.06. Letters of Credit 30 SECTION 2.07. Funding of Borrowings 35 SECTION 2.08. Interest Elections 36 SECTION 2.09. Termination and Reduction of Commitments; Increase in Revolving Commitments 37 SECTION 2.10. Repayment and Amortization of Loans; Evidence of Debt 39 SECTION 2.11. Prepayment of Loans 40 SECTION 2.12. Fees 41 SECTION 2.13. Interest 42 SECTION 2.14. Alternate Rate of Interest 43 SECTION 2.15. Increased Costs 43 SECTION 2.16. Break Funding Payments 44 SECTION 2.17. Taxes 45 SECTION 2.18. Payments Generally; Allocation of Proceeds; Sharing of Set-offs 48 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 50 SECTION 2.20. Defaulting Lenders 51 SECTION 2.21. Returned Payments 52 SECTION 2.22. Banking Services and Swap Agreements 52 ARTICLE III Representations and Warranties 53 SECTION 3.01. Organization; Powers 53 SECTION 3.02. Authorization; Enforceability 53 SECTION 3.03. Governmental Approvals; No Conflicts 53 SECTION 3.04. Financial Condition; No Material Adverse Change 53 SECTION 3.05. Properties 54 SECTION 3.06. Litigation and Environmental Matters 54 SECTION 3.07. Compliance with Laws and Agreements; No Default 54 SECTION 3.08. Investment Company Status 54 SECTION 3.09. Taxes 54 SECTION 3.10. ERISA 55 SECTION 3.11. Disclosure 55 SECTION 3.12. Material Agreements 55 SECTION 3.13. Solvency 55 SECTION 3.14. Insurance 55 SECTION 3.15. Capitalization and Subsidiaries 56 SECTION 3.16. Security Interest in Collateral 56 SECTION 3.17. Employment Matters 56 SECTION 3.18. Federal Reserve Regulations 56 SECTION 3.19. Use of Proceeds 56 SECTION 3.20. No Burdensome Restrictions 56 SECTION 3.21. Anti-Corruption Laws and Sanctions 56 SECTION 3.22. Affiliate Transactions 57 SECTION 3.23. EEA Financial Institutions 57 ARTICLE IV Conditions 57 SECTION 4.01. Effective Date 57 SECTION 4.02. Each Credit Event 59 ARTICLE V Affirmative Covenants 60 SECTION 5.01. Financial Statements and Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements Information 60 SECTION 5.02. Notices of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Material Events 62 SECTION 5.03. Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place Conduct of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 62 SECTION 5.04. Payment of Obligations 30 5.4 62 SECTION 5.05. Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Properties 63 SECTION 5.06. Books and Records; Discussions 30 5.7 Notices 30 5.8 Inspection Rights 63 SECTION 5.07. Compliance with Laws and Material Contractual Obligations 63 SECTION 5.08. Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 63 SECTION 5.09. Accuracy of Information 63 SECTION 5.10. Insurance 64 SECTION 5.11. Casualty and Condemnation 64 SECTION 5.12. Depository Banks 64 SECTION 5.13. Additional Collateral; Further Assurances 31 5.11 Offices64 SECTION 5.14. Post-Closing Requirements 65 ARTICLE VI Negative Covenants 66 SECTION 6.01. Indebtedness 66 SECTION 6.02. Liens 67 SECTION 6.03. Fundamental Changes 68 SECTION 6.04. Investments, RecordsLoans, Books Advances, Guarantees and Acquisitions 68 SECTION 6.05. Asset Sales 69 SECTION 6.06. Sale and Leaseback Transactions 70 SECTION 6.07. Swap Agreements 70 SECTION 6.08. Restricted Payments; Certain Payments of Account 31 5.12 Sales, Liens, EtcIndebtedness 71 SECTION 6.09. 32 5.13 Extension or Transactions with Affiliates 71 SECTION 6.10. Restrictive Agreements 72 SECTION 6.11. Amendment of Receivables 32 5.14 Status Material Documents 72 SECTION 6.12. Financial Covenants 72 ARTICLE VII Events of Scheduled Receivables 32Default 73 ARTICLE VIII The Administrative Agent 75 SECTION 8.01. Appointment 75 SECTION 8.02. Rights as a Lender 75 SECTION 8.03. Duties and Obligations 76

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1. Definitions; Interpretive Provisions 1 1.1 Defined Terms Definitions 1 1.2 Other Definitional Interpretive Provisions 12 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 10 2. Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Paymentsof the Shares; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Closing; Purchase Price Adjustments/Deferred Adjustment Payment 10 2.1 Sale of Shares 10 2.2 Purchase Price 10 2.3 Closing 11 2.4 Closing Deliveries 11 2.5 Treatment of Payments 12 3. Representations and Warranties of the Shareholder 12 3.1 Organization and Good Standing 12 3.2 Authority and Due Execution 12 3.3 No Conflict 13 3.4 Capitalization 13 3.5 Financial Statements 14 3.6 Title to Properties; Encumbrances 14 3.7 No Undisclosed Liabilities 15 3.8 Indebtedness 16 3.9 Taxes 16 3.10 No Material Adverse Change 17 3.11 Employee Benefits 17 3.12 Compliance with Legal Requirements; Governmental Authorizations 19 2.12 Repurchases 3.13 Legal Proceedings; Orders 20 3.14 Absence of Purchased Assets: Deemed Collections Certain Changes and Events 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 3.15 Contracts 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence3.16 Environmental Matters 23 3.17 Employees 24 3.18 Labor Relations; Compliance 24 3.19 Intellectual Property 25 3.20 Brokers or Finders 26 3.21 Suppliers and Distributors 26 3.22 Product Liability 26 3.23 Permits 27 3.24 Affiliate Transactions 27 3.25 Representations on Closing Date 27 4. Representations and Warranties of Buyer 27 4.1 Organization and Good Standing 27 4.2 Authority; No Conflict 27 4.3 Sufficient Funds 28 4.4 Certain Proceedings 28 4.5 Brokers or Finders 28 5. Covenants of the Shareholder and the Companies 28 5.1 Access and Investigation 28 5.2 Operation of the Businesses of the Companies 29 5.3 Required Approvals 30 5.4 Reasonable Best Efforts 30 5.5 Tax Matters 30 5.6 Consents 30 5.7 Closing Indebtedness and Intercompany Payables and Receivables 30 5.8 Terminations of Transactions with Law 22 3.4 PowerRelated Parties 30 5.9 Confidentiality 31 5.10 Non-Competition; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership Non-Solicitation 31 5.11 Cooperation 33 5.12 Insurance Matters 34 5.13 PVC Extrusion Lines 34 5.14 401(K) Plan Rollovers 35 6. Covenants of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etcBuyer 35 6.1 Required Approvals 35 6.2 Reasonable Best Efforts 35 6.3 Employment 35 6.4 Release 36 7. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Buyer’s Obligation to Close 36 7.1 Accuracy of Representations 36 7.2 Shareholder Performance 36 7.3 Simex Supply Agreement 36 7.4 No Injunction 36 7.5 Regulatory Consents 36 7.6 Material Adverse Effect 37 7.7 Transition Services Agreement 37 7.8 Notice of Termination of Severance Plans 37 8. Conditions Precedent to All Purchases 27 4.3 Conditions the Shareholder’s Obligation to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 CertificatesClose 37 8.1 Accuracy of Representations 37 8.2 Buyer’s Performance 37 8.3 Simex Supply Agreement 37 8.4 No Injunction 38 8.5 Regulatory Consents 38 9. Termination 38 9.1 Termination Events 38 9.2 Effect of Termination 39 10. Indemnification; Other Information 29 5.3 Remedies 39 10.1 Survival 39 10.2 Indemnification and Payment of Obligations 30 5.4 Maintenance Damages by the Shareholder or Buyer 39 10.3 Survival Period 40 10.4 Limitations on Amount 40 10.5 Procedure for Indemnification – Third Party Claims 40 10.6 Procedure for Indemnification – Other Claims 41 10.7 No Right of ExistenceContributions 41 10.8 Limitations on Indemnification 41 10.9 Calculation of Damages 41 11. Tax Indemnification; Compliance 30 5.5 Maintenance Tax Matters 42 11.1 Tax Indemnification 42 11.2 Tax Indemnification Procedures 42 11.3 Tax Audits and Contests; Cooperation 43 11.4 Preparation of Property; Insurance 30 5.6 Inspection Tax Returns and Payment of Property; Books Taxes 44 11.5 Straddle Periods 46 11.6 Refunds 47 11.7 Transfer Taxes 47 11.8 Tax Sharing Agreements 47 12. Guarantee 47 12.1 Guarantee by FBHS 47 13. General Provisions 47 13.1 Expenses 47 13.2 Public Announcements 48 13.3 Confidentiality 48 13.4 Notices 48 13.5 Jurisdiction 49 13.6 Waiver 49 13.7 Entire Agreement and Records; Discussions 30 5.7 Notices 30 5.8 Modification 49 13.8 Assignments and Successors 49 13.9 Severability 50 13.10 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 OfficesFortune Brands Name 50 13.11 Governing Law 50 13.12 No Third Party Beneficiaries 50 13.13 Counterparts 50 13.14 Waiver of Xxxx Xxxxx 00 XXXXX XXXXXXXX AGREEMENT This Stock Purchase Agreement (this “Agreement”) dated as of August 19, Records2014 among Fortune Brands Home & Security, Books of Account 31 5.12 SalesInc., Liensa Delaware corporation (“FBHS”), Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Fortune Brands Windows & Doors, Inc., a Delaware corporation (the “Shareholder”) and Ply Gem Industries, Inc., a Delaware corporation (“Buyer”).

TABLE OF CONTENTS. ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE 1 Section 1.01. Definitions. 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Section 1.02. Other Definitional Definitions. 25 Section 1.03. Incorporation by Reference of Trust Indenture Act. 26 ARTICLE 2 THE NOTES 27 Section 2.01. Dating; Incorporation of Form in Indenture. 27 Section 2.02. Execution and Authentication. 27 Section 2.03. Registrar and Paying Agent. 28 Section 2.04. Paying Agent to Hold Money in Trust. 28 Section 2.05. Noteholder Lists. 29 Section 2.06. Transfer and Exchange. 29 Section 2.07. Replacement Notes. 30 Section 2.08. Outstanding Notes. 31 Section 2.09. Temporary Notes. 31 Section 2.10. Cancellation. 31 Section 2.11. Defaulted Interest. 32 Section 2.12. Deposit of Moneys. 32 Section 2.13. CUSIP Number. 32 Section 2.14. Book-Entry Provisions 12 for Global Notes. 32 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 2.15. Registration of Transfers and Exchanges. 33 ARTICLE 3 REDEMPTION 35 Section 3.01. Notices to Trustee. 35 Section 3.02. Selection by Trustee of Notes to Be Redeemed. 35 Section 3.03. Notice of Redemption. 35 Section 3.04. Effect of Notice of Redemption. 36 Section 3.05. Deposit of Redemption Price. 36 Section 3.06. Notes Redeemed in Part. 37 Section 3.07. Optional Redemption. 37 ARTICLE 4 COVENANTS 37 Section 4.01. Payment of Notes. 37 Section 4.02. Provision of Financial Statements and Other Information. 38 Section 4.03. Waiver of Stay, Extension or Usury Laws. 38 Section 4.04. Compliance Certificate; Tax Information. 38 Section 4.05. Taxes. 39 Section 4.06. Limitation on Additional Indebtedness. 39 Section 4.07. Limitation on Restricted Payments. 40 Section 4.08. Limitation on Certain Asset Sales. 42 Section 4.09. Limitation on Transactions with Affiliates. 46 Section 4.10. Limitations on Liens. 47 Section 4.11. Limitations on Investments. 48 Section 4.12. Limitation on Sale and Assignment 15 2.4 Fees 15 2.5 Computation Lease-Back Transactions. 48 Section 4.13. Payments for Consent. 48 Section 4.14. Corporate Existence. 48 Section 4.15. Change of Control. 48 Section 4.16. Maintenance of Office or Agency. 50 Section 4.17. Limitation on Dividend and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements Other Payment Restrictions Affecting Restricted Subsidiaries. 51 Section 4.18. Limitation on Conduct of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Business. 52 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; 4.19. Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership Laws. 52 Section 4.20. Limitation on Preferred Stock of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy Restricted Subsidiaries. 53 Section 4.21. Limitation on Creation of Information, etcSubsidiaries. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 53 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 4.22. Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Properties and Insurance. 53 Section 4.23. Books and Records; Discussions 30 5.7 Inspection Rights. 54 Section 4.24. Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 OfficesMaterial Events. 54 ARTICLE 5 SUCCESSOR CORPORATION 54 Section 5.01. Limitation on Consolidation Merger and Sale of Assets. 54 Section 5.02. Successor Person Substituted. 55 ARTICLE 6 DEFAULTS AND REMEDIES 56 Section 6.01. Events of Default. 56 Section 6.02. Acceleration. 57 Section 6.03. Other Remedies. 58 Section 6.04. Waiver of Past Defaults and Events of Default. 58 Section 6.05. Control by Supermajority. 59 Section 6.06. Limitation on Suits. 59 Section 6.07. Rights of Holders to Receive Payment. 59 Section 6.08. Collection Suit by Trustee. 59 Section 6.09. Trustee May File Proofs of Claim. 60 Section 6.10. Priorities. 60 Section 6.11. Undertaking for Costs. 61 ARTICLE 7 TRUSTEE 61 Section 7.01. Duties of Trustee. 61 Section 7.02. Rights of Trustee. 62 Section 7.03. Individual Rights of Trustee. 63 Section 7.04. Trustee’s Disclaimer. 64 Section 7.05. Notice of Defaults. 64 Section 7.06. Reports by Trustee to Holders. 64 Section 7.07. Compensation and Indemnity. 64 Section 7.08. Replacement of Trustee. 65 Section 7.09. Successor Trustee by Consolidation, RecordsMerger or Conversion. 66 Section 7.10. Eligibility; Disqualification. 66 Section 7.11. Preferential Collection of Claims Against Issuer. 66 Section 7.12. Paying Agents. 66 ARTICLE 8 AMENDMENTS, Books SUPPLEMENTS AND WAIVERS 67 Section 8.01. Without Consent of Account 31 5.12 SalesHolders. 67 Section 8.02. With Consent of Holders. 68 Section 8.03. Compliance with Trust Indenture Act. 69 Section 8.04. Revocation and Effect of Consents. 69 Section 8.05. Notation on or Exchange of Notes. 69 Section 8.06. Trustee to Sign Amendments, Liens, Etcetc. 32 5.13 Extension 70 ARTICLE 9 DISCHARGE OF INDENTURE; DEFEASANCE 70 Section 9.01. Satisfaction and Discharge of Indenture. 70 Section 9.02. Legal Defeasance. 71 Section 9.03. Covenant Defeasance. 71 Section 9.04. Conditions to Defeasance or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Covenant Defeasance. 72

TABLE OF CONTENTS. This Table of Contents is not part of the Loan Agreement, and is for convenience only. The captions herein are of no legal effect and do not vary the meaning or legal effect of any part of the Loan Agreement. Page Recitals 1 Article I Definitions 2 Article II 2 Section 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 2.01. Representations, Warranties and Agreements of Issuer 2 Section 2.02. Representations, Warranties and Agreements of Company 4 Article III Issuance of the Bonds; The Loan; Disposition of Proceeds of the Bonds; The Project 7 Section 3.01. Issuance of Bonds 7 Section 3.02. Issuance of Other Definitional Provisions 12 Obligations 7 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and 3.03. The Loan; Disposition of Bond Proceeds 8 Section 3.04. Project Changes 9 Article IV Loan Payments; Commitment Fees 15 2.6 Pro Rata Treatment Payments to Remarketing Agent and Trustee; Standby Purchase Agreement and Alternate Liquidity Facilities; First Mortgage Bonds and Substitute Collateral; Other Obligations 9 Section 4.01. Loan Payments 16 2.7 Requirements 9 Section 4.02. Payments of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred 10 Section 4.03. Standby Purchase Price 19 2.12 Repurchases Agreement; Alternate Liquidity Facility 10 Section 4.04. Issuance, Delivery and Surrender of Purchased Assets: Deemed Collections 20 2.13 Application First Mortgage Bonds and Substitute Collateral 11 Section 4.05. Payments Assigned; Obligation Absolute 14 Section 4.06. Payment of Collections 21 Expenses 15 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; 4.07. Indemnification 15 Section 4.08. Payment of Taxes and Charges in Lieu Thereof 15 Section 4.09. Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etcPrior Agreements 16 Article V Special Covenants 16 Section 5.01. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, EtcConditions Under Which 16 Exceptions Permitted 17 Section 5.02. 32 5.13 Extension Permits or Amendment of Receivables 32 5.14 Licenses 17 Section 5.03. Arbitrage Covenant 17 Section 5.04. Financing Statements 18 Section 5.05. Covenants With Respect to Tax-Exempt Status of Scheduled Receivables 32the Bonds 18 Page Section 5.06. Indemnification of Issuer 18 Section 5.07. Records of Company; Maintenance and Operation of the Project 19 Section 5.08. Right of Access to the Project 20 Section 5.09. Remarketing Agent 20 Section 5.10. Insurance Policy 20 Article VI Assignment 21 Section 6.01. Conditions 21 Section 6.02. Documents Furnished to Trustee 21 Section 6.03. Limitation 21 Article VII Events of Default and Remedies 22 Section 7.01. Events of Default 22 Section 7.02. Force Majeure 23 Section 7.03. Remedies 23 Section 7.04. No Remedy Exclusive 24 Section 7.05. Reimbursement of Attorneys' Fees 24 Section 7.06. Waiver of Breach 24 Section 7.07. No Liability of Issuer 24 Article VIII Purchase or Redemption of Bonds 25 Section 8.01. Redemption of Bonds 25 Section 8.02. Purchase of Bonds 25 Section 8.03. Obligation to Prepay 25 Section 8.04. Compliance With Indenture 26 Article IX Miscellaneous 27 Section 9.01. Term of Agreement 27 Section 9.02. Notices 27 Section 9.03. Parties in Interest 28 Section 9.04. Amendments 28 Section 9.05. Counterparts 28 Section 9.06. Severability 29 Section 9.07. Governing Law 29 Section 9.08. Payments From Bond Fund 30 Testimonium 31 Signatures and Seals 31 Exhibit A - Description of the Facilities 31 -ii- Loan Agreement Loan Agreement This Loan Agreement, dated as of October 1, 2006, is between Sweetwater County, Wyoming, a political subdivision duly organized and existing under the Constitution and laws of the State of Wyoming, and Idaho Power Company, a corporation duly organized under the laws of the State of Idaho, and duly qualified to conduct business in the State of Wyoming.

TABLE OF CONTENTS. Section ARTICLE 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 12 Section ARTICLE 2 - THE INVESTMENTS RELATIONSHIP OF OWNER, CONTRACTOR AND SUBCONTRACTORS 9 2.1 Status of Contractor 9 2.2 Key Personnel and Contractor Representative 9 2.3 Subcontractors and Sub-subcontractors 9 2.4 Subcontracts and Sub-subcontracts 10 2.5 Contractor Acknowledgements 11 ARTICLE 3 CONTRACTOR’S RESPONSIBILITIES 13 2.1 Purchaser3.1 Scope of Work 13 3.2 Specific Obligations 13 3.3 Contractor’s Investment Limits 13 2.2 Procedure Tools and Construction Equipment 14 3.4 Employment of Personnel 14 3.5 Clean-up 14 3.6 Safety and Security 14 3.7 Emergencies 15 3.8 Permits 15 3.9 Books, Records and Audits. 15 3.10 Temporary Utilities, Roads, Facilities and Storage 16 3.11 Hazardous Materials 16 3.12 Reports and Meetings 16 3.13 Title to Materials Found 17 3.14 Cooperation with Others 17 3.15 Responsibility for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes Property 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 Used or Salvaged Materials 17 3.17 Compliance with Money Laundering Real Property Interests 17 3.18 Subordination of Liens 18 3.19 Review of Shop Drawings 18 3.20 Layout 18 3.20 Substitutions 18 3.22 Quality Control 18 3.23 Commercial Activities 19 3.24 Taxes 19 3.25 Tax Accounting 19 ARTICLE 4 OWNER’S RESPONSIBILITIES 19 4.1 Payment 19 4.2 Permits 19 4.3 Access to the Site 19 4.4 Owner-Supplied Equipment 19 4.5 Texas Sales and AntiUse Tax Matters 20 ARTICLE 5 COMMENCEMENT OF WORK, PROJECT SCHEDULE, AND SCHEDULING OBLIGATIONS 20 5.1 Timely Commencement and Completion of Work 20 5.2 Limited Notice to Proceed/Notice to Proceed 20 5.3 Project Schedule 21 5.4 CPM Schedule 21 5.5 Recovery and Recovery Schedule 22 5.6 Acceleration and Acceleration Schedule 23 ARTICLE 6 CHANGES; FORCE MAJEURE; AND OWNER-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32CAUSED DELAY 24 6.1 Change Orders Requested by Owner 24 6.2 Change Orders Requested by Contractor 25

TABLE OF CONTENTS. Section SECTION 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 12 Section 18 1.3 Accounting Terms 18 1.4 Exchange Rates; Currency Equivalents 18 1.5 Computation of Dollar Amounts 19 SECTION 2 - THE INVESTMENTS 13 AMOUNT AND TERMS OF COMMITMENTS 19 2.1 Purchaser’s Investment Limits 13 Commitments 19 2.2 Revolving Credit Notes 19 2.3 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 Borrowing 20 2.4 Fees 15 21 2.5 Termination or Reduction of Commitments 22 2.6 Prepayments 22 2.7 Conversion and Continuation Options 22 2.8 Minimum Amounts of Tranches 23 2.9 Interest Rates and Payment Dates 24 2.10 Computation of Interest and Payments; Commitment Fees 15 2.6 24 2.11 Inability to Determine Interest Rate 24 2.12 Pro Rata Treatment and Payments 16 2.7 25 2.13 Illegality 28 2.14 Requirements of Law 16 2.8 28 2.15 Taxes 17 2.9 30 2.16 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases 31 2.17 Action of Purchased Assets: Deemed Collections 20 2.13 Application Affected Banks 31 2.18 Bid Loans 32 2.19 Swing Line Commitments 35 2.20 Increase of Collections 21 Section Commitments 38 2.21 Payment in Full at Maturity 38 2.22 Letter of Credit Subfacility 38 2.23 Indemnification; Nature of Issuing Lender’s Duties 42 2.24 Defaulting Banks 44 SECTION 3 - REPRESENTATIONS AND WARRANTIES 22 45 3.1 Financial Condition 22 45 3.2 No Change 22 46 3.3 Corporate Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3246

TABLE OF CONTENTS. Section 1 - 1. DEFINITIONS 1 1.1 Defined Terms 1 1.2 Accounting Terms 31 1.3 Other Terms Defined in UCC 32 1.4 Other Definitional Provisions 12 Section 2 - Provisions; Construction 32 1.5 Divisions 32 1.6 Rounding 33 1.7 Drafting Ambiguities 33 1.8 Time References 33 1.9 Satisfaction, Repayment, or Payment in Full 33 2. COMMITMENT OF THE INVESTMENTS 13 LENDER 33 2.1 Purchaser’s Investment Limits 13 Revolving Loans 33 2.2 Procedure for Making Purchases 13 Interest 34 2.3 Sale and Assignment 15 Fees 35 2.4 Fees 15 Payments 36 2.5 Computation and PaymentsTaxes 37 2.6 Use of Proceeds 38 2.7 All Revolving Loans to Constitute Single Obligation 38 2.8 Illegality; Inability to Determine Rates 38 2.9 Increased Costs 39 2.10 Capital Requirements 39 2.11 Benchmark Replacement Setting 39 2.12 Extension of Applicable Maturity Date 40 2.13 Discretionary Increase in Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 40 3. CONDITIONS OF BORROWING 41 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Revolving Loans 41 3.2 Conditions Precedent to All Purchases 27 Revolving Loans 43 3.3 Conditions Subsequent 43 4. SECURITY FOR THE OBLIGATIONS 44 4.1 Security for Obligations 44 4.2 Lockbox Arrangement; Control Agreements 46 4.3 Conditions Possession and Transfer of Collateral 47 4.4 Financing Statements 47 4.5 Preservation of the Collateral 47 4.6 Other Actions as to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment any and all Collateral 48 4.7 Collateral in the Possession of Obligations 30 5.4 Maintenance a Warehouseman or Bailee 48 4.8 Letter-of-Credit Rights 48 4.9 Commercial Tort Claims 48 4.10 Electronic Chattel Paper and Transferable Records 48 4.11 Verification of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Accounts 49 4.12 Accounts 49 4.13 Right to Notify Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Debtors 49

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 12 Section ARTICLE I THE MERGER 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale 1.1. The Merger 2 1.2. Effective Time 2 1.3. Effect of the Merger 2 1.4. Certificate of Incorporation; By-laws 2 1.5. Directors and Assignment 15 2.4 Fees 15 2.5 Computation and PaymentsOfficers 3 1.6. Merger Consideration; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements Effect on Company Capital Stock; Escrow; Adjustment 3 1.7. Dissenting Shares 7 1.8. Surrender of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases Certificates 8 1.9. No Further Ownership Rights in Company Capital Stock 9 1.10. Lost, Stolen or Destroyed Certificates 9 1.11. Payoff of Purchased Assets: Deemed Collections 20 2.13 Application Loans 9 1.12. Taking of Collections 21 Section 3 - Necessary Action; Further Action 10 ARTICLE II REPRESENTATIONS AND WARRANTIES OF THE COMPANY 10 2.1. Organization of the Company 10 2.2. Authority 10 2.3. No Conflict 11 2.4. Consents 12 2.5. Subsidiaries 12 2.6. Company Capital Structure 14 2.7. Company Financial Statements and Internal Controls 17 2.8. No Undisclosed Liabilities 18 2.9. Absence of Certain Changes 18 2.10. Accounts Receivable; Bank Accounts 21 2.11. Restrictions on Business Activities 22 3.1 Financial Condition 2.12. Real Property; Leases 22 3.2 No 2.13. Assets; Absence of Liens and Encumbrances 23 2.14. Intellectual Property 23 2.15. Product Warranties; Services 28 2.16. Company Contracts 29 2.17. Change 22 3.3 Existence; of Control Agreements 32 2.18. Interested Party Transactions 32 2.19. Compliance with Law 22 3.4 PowerLaws 33 2.20. Litigation 34 2.21. Insurance 34 2.22. Minute Books and Records 35 2.23. Environmental Matters 35 2.24. Brokers’ and Finders’ Fees 36 2.25. Employee Plans 36 2.26. Employment Matters 39 2.27. Tax Matters 42 2.28. Significant Customers 45 2.29. Company Customer Information 45 2.30. Governmental Authorization 46 2.31. Corrupt Practices; Authorization; Enforceable Obligations 23 3.5 Questionable Payments 46 2.32. Conflict Minerals 46 2.33. Representations Complete 47 ARTICLE III REPRESENTATIONS AND WARRANTIES OF BUYER AND MERGER SUB 47 3.1. Organization of Buyer and Merger Sub 47 3.2. Authority 47 3.3. Consents 48 3.4. No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etcConflict 48 ARTICLE IV CERTAIN COVENANTS 48 4.1. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place Conduct of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering of the Company and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent the Subsidiaries 48 4.2. Access to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Information 50 4.3. Confidentiality 50 4.4. Public Disclosure 50 4.5. Consents 51 4.6. Antitrust Filings 51 4.7. Conditions to Effectiveness 28 the Transactions; Further Assurances 52 4.8. Notification of Certain Matters 52 4.9. Termination of Certain Contracts; Notices 52 4.10. No Solicitation 53 4.11. Employment Matters 54 4.12. Section 5 - COVENANTS 29 5.1 280G 54 4.13. Tax Matters 55 4.14. Company Options; Company Warrants 56 4.15. Indemnification of Directors and Officers of the Company 57 4.16. Resignation of Officers, Directors and Advisory Board Members 58 4.17. Stockholder Approval 58 4.18. Buyer Equity Incentives 59 4.19. Conversion of Company Preferred Stock 59 4.20. Notice of Appraisal Rights 59 4.21. Financial Statements 29 5.2 Certificatesof JV 60 4.22. Certain Agreements 60 4.23. Export Laws 60 4.24. Certain Deliveries 60 ARTICLE V CONDITIONS TO THE MERGER 60 5.1. Conditions to Obligations of Each Party to Effect the Merger 60 5.2. Additional Conditions to Obligations of the Company 61 5.3. Additional Conditions to the Obligations of Buyer and Merger Sub 61 ARTICLE VI SURVIVAL OF REPRESENTATIONS, WARRANTIES AND COVENANTS; INDEMNIFICATION; LIMITATIONS 64 6.1. Survival of Representations, Warranties and Covenants 64 6.2. Indemnification 65 6.3. Limitations 67 6.4. Procedures 69 6.5. Merger Consideration Adjustment 71 6.6. Holder Representative; Power of Attorney 71 6.7. No Subrogation 73 6.8. No Prejudice 73 ARTICLE VII TERMINATION, AMENDMENT AND WAIVER 74 7.1. Termination 74 7.2. Effect of Termination 75 7.3. Amendment 75 7.4. Extension; Waiver 75 ARTICLE VIII DEFINITIONS, CONSTRUCTION, ETC 75 8.1. Definitions 75 ARTICLE IX GENERAL PROVISIONS 89 9.1. Notices 89 9.2. Construction 90 9.3. Entire Agreement 91 9.4. Severability 91 9.5. Specific Performance 91 9.6. Expenses 91 9.7. Successors and Assigns; Assignment; Parties in Interest 92 9.8. Waiver 92 9.9. Governing Law; Venue 92 9.10. Certain Waivers 93 9.11. Other Information 29 5.3 Payment Remedies 93 9.12. Counterparts; Facsimile Delivery 94 Exhibits Exhibit A Form of Obligations 30 5.4 Maintenance Certificate of Existence; Compliance 30 5.5 Maintenance Incorporation of Property; Insurance 30 5.6 Inspection the Surviving Corporation Exhibit B Form of Property; Books Escrow Agreement Exhibit C Form of Letter of Transmittal Exhibit D Form of Option Cancellation Letter Exhibit E Form of Legal Opinion of Fenwick & West LLP Exhibit F Form of Company Warrant Termination Letter AGREEMENT AND PLAN OF MERGER This AGREEMENT AND PLAN OF MERGER (this “Agreement”) is made and Records; Discussions 30 5.7 Notices 30 5.8 Use entered into as of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 OfficesMay 31, Records2012 (the “Agreement Date”), Books by and among Citrix Systems, Inc., a Delaware corporation (or an Affiliate designated by Citrix Systems, Inc. in writing prior to the Closing) (“Buyer”), Xxxxxxxx Acquisition Corporation, a Delaware corporation and a wholly owned subsidiary of Account 31 5.12 SalesBuyer (“Merger Sub”), LiensBytemobile, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Inc., a Delaware corporation (the “Company”), and Shareholder Representative Services LLC, a Colorado limited liability company, solely in its capacity as the Holder Representative.

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 1.1 Defined 2.9 Reports; Results; Testing by the Parties 13 2.10 Governance 14 2.11 No Representation 14 2.12 Material Transfer 14 2.13 Celgene Assays 16 2.14 Reversion of Rights 16 2.15 OncoMed Assay Technology 16 2.16 Clarification 16 2.17 [***]SM Compound Information. 16 2.18 Covenant During [***]SM Term 17 ARTICLE 3. LEAD CANDIDATE DEVELOPMENT AND COMMERCIALIZATION 17 3.1 Development; Commercialization 17 3.2 Regulatory 17 3.3 Assistance 18 3.4 Records; Reports; Results 18 3.5 Governance 18 ARTICLE 4. ANTITRUST AND COMPETITION LAW COMPLIANCE 18 4.1 Antitrust Compliance 18 ARTICLE 5. EXCLUSIVITY 18 5.1 Exclusivity 18 ARTICLE 6. FINANCIAL TERMS 19 6.1 Upfront Payment 19 6.2 Research Expenses 19 6.3 Milestones 19 6.4 Royalties 19 6.5 Royalty Payment Terms 1 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale 20 6.6 Additional Payment Terms 22 6.7 Records Retention by Celgene; Review by OncoMed 23 ARTICLE 7. INTELLECTUAL PROPERTY 24 7.1 Licenses 24 7.2 Ownership 26 7.3 Prosecution and Assignment 15 2.4 Fees 15 2.5 Computation Maintenance of Patents 26 7.4 Defense of Claims Brought by Third Parties 26 7.5 Enforcement of Patents 26 7.6 Patent Term Extensions 29 7.7 OncoMed Platform Technology 29 [***] Certain information in this document has been omitted and Payments; Commitment Fees 15 2.6 Pro Rata Treatment filed separately with the Securities and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance Exchange Commission. Confidential treatment has been requested with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etcrespect to the omitted portions. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS TABLE OF CONTENTS 7.8 Celgene Patents 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of 7.9 Regulatory Data Protection 30 7.10 Third Party Licenses 30 ARTICLE 8. ONCOMED UPSTREAM AGREEMENTS 30 8.1 Upstream Obligations 30 5.4 Maintenance 8.2 Michigan Agreement 30 ARTICLE 9. INDEMNIFICATION; INSURANCE 31 9.1 Indemnification by Celgene 31 9.2 Indemnification by OncoMed 32 9.3 Notice of ExistenceClaims 32 9.4 Indemnification Procedures 32 9.5 Insurance 33 9.6 LIMITATION OF LIABILITY 33 ARTICLE 10. [***]SM LICENSE TERM AND TERMINATION 34 10.1 Term; Compliance 30 5.5 Maintenance Expiration 34 10.2 Termination Without Cause 34 10.3 Termination for Breach 35 10.4 Termination for Patent Challenge 36 10.5 Termination for Bankruptcy 36 10.6 Effects of PropertyExpiration or Termination 36 10.7 Survival of Sublicensees 37 10.8 Surviving Provisions 37 10.9 Relationship to Other Agreements 38 ARTICLE 11. MISCELLANEOUS 39 11.1 Confidentiality; Insurance 30 5.6 Inspection Publicity 39 11.2 Disclaimer of Property; Books Warranties 39 11.3 Applicability of Terms of Master Collaboration Agreement 39 11.4 Assignment 39 11.5 Celgene Parties 41 11.6 Entire Agreement 41 [***] Certain information in this document has been omitted and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etcfiled separately with the Securities and Exchange Commission. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Confidential treatment has been requested with respect to the omitted portions.

TABLE OF CONTENTS. Article I. Definitions 1 Section 1.1. Definitions 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Section 1.2. General; References to Eastern Time; GAAP 41 Section 1.3. Rates 41 Section 1.4. Divisions 42 Article II. Credit Facility 42 Section 2.1. Revolving Loans 42 Section 2.2. 2023 Term Loans 43 Section 2.3. [Reserved] 44 Section 2.4. Letters of Credit 44 Section 2.5. Swingline Loans 50 Section 2.6. Rates and Payment of Interest on Loans 52 Section 2.7. Number of Interest Periods 53 Section 2.8. Repayment of Loans 53 Section 2.9. Prepayments 53 Section 2.10. Continuation 54 Section 2.11. Conversion 54 Section 2.12. Notes 55 Section 2.13. Voluntary Reductions of the Commitments 55 Section 2.14. Extensions of the Revolving Termination Date 56 Section 2.15. Expiration Date of Letters of Credit Past Revolving Commitment Termination 56 Section 2.16. Amount Limitations 56 Section 2.17. Incremental Facilities 57 Section 2.18. Funds Transfer Disbursements 59 Section 2.19. Temporary Inability to Determine Rates 59 Article III. Payments, Fees and Other Definitional General Provisions 12 59 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 3.1. Payments 59 Section 3.2. Pro Rata Treatment and Payments 16 2.7 Requirements 60 Section 3.3. Sharing of Law 16 2.8 Payments, Etc. 61 Section 3.4. Several Obligations 61 Section 3.5. Fees 61 Section 3.6. Computations 62 Section 3.7. Usury 63 Section 3.8. Statements of Account; Bill Lead Date Request 63 Section 3.9. Defaulting Lenders 64 Section 3.10. Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases 67 Article IV. Eligibility of Purchased Assets: Deemed Collections 20 2.13 Application Assets 71 Section 4.1. Eligibility of Collections 21 Assets 71 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No 4.2. Termination of Designation as Unencumbered Asset 71 Article X. Xxxxx Protection, Etc. 72 Section 5.1. Additional Costs; Capital Adequacy 72 Section 5.2. Benchmark Replacement Setting 74 Section 5.3. Illegality 75 Section 5.4. Compensation 75 Section 5.5. Treatment of Affected Loans 76 Section 5.6. Affected Lenders 76 Section 5.7. Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etcLending Office 77 Article VI. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to 77 Section 6.1. Initial Purchase 26 4.2 Conditions Precedent 77 Section 6.2. Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Loans and Letters of Credit 80 Article VII. Representations and Warranties 80 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 7.1. Representations and Warranties 80 Section 7.2. Survival of Representations and Warranties, Etc. 86 Article VIII. Affirmative Covenants 87 Section 8.1. Preservation of Existence and Similar Matters 87 Section 8.2. Compliance with Applicable Law 87 Section 8.3. Maintenance of Property 87 Section 8.4. Conduct of Business 87 Section 8.5. Insurance 87 Section 8.6. Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Taxes and Claims 88 Section 8.7. Books and Records; Discussions 30 5.7 Notices 30 5.8 Inspections 88 Section 8.8. Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 88 Section 8.9. Environmental Matters 89 Section 8.10. Further Assurances 31 5.11 Offices89 Section 8.11. Material Contracts 89 Section 8.12. REIT Status 90 Section 8.13. [Reserved] 90 Section 8.14. Guarantors 90 Article IX. Information 91 Section 9.1. Quarterly Financial Statements 91 Section 9.2. Year-End Statements 91 Section 9.3. Compliance Certificate 91 Section 9.4. Other Information 92 Section 9.5. Electronic Delivery of Certain Information 93 Section 9.6. Public/Private Information 94 Section 9.7. USA Patriot Act Notice; Beneficial Ownership Regulation Notice; Compliance 94 Article X. Negative Covenants 94 Section 10.1. Financial Covenants 94 Section 10.2. Negative Pledge 95 Section 10.3. Restrictions on Intercompany Transfers 96 Section 10.4. Merger, RecordsConsolidation, Books Sales of Assets, Acquisitions and Other Investments 96 Section 10.5. Plans 98 Section 10.6. Fiscal Year 98 Section 10.7. Modifications of Organizational Documents and Material Contracts 98 Section 10.8. Transactions with Affiliates 98 Section 10.9. Derivatives Contracts 99 Section 10.10. Line of Business 99 Section 10.11. Terrorism Sanctions Regulations 99 Article XI. Default 99 Section 11.1. Events of Default 99 Section 11.2. Remedies Upon Event of Default 103 Section 11.3. [Reserved] 104 Section 11.4. Marshaling; Payments Set Aside 104 Section 11.5. Allocation of Proceeds 104 Section 11.6. Letter of Credit Collateral Account 31 5.12 Sales, Liens105 Section 11.7. Performance by Administrative Agent 106 Section 11.8. Rights Cumulative 107 Article XII. The Administrative Agent 107 Section 12.1. Appointment and Authorization 107 Section 12.2. Administrative Agent’s Reliance 108 Section 12.3. Notice of Events of Default 109 Section 12.4. Administrative Agent as Lender 109 Section 12.5. Approvals of Lenders 109 Section 12.6. Indemnification of Administrative Agent 110 Section 12.7. Lender Credit Decision, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32110 Section 12.8. Successor Administrative Agent 111 Section 12.9. Titled Agents 112 Section 12.10. Specified Derivatives Contracts 113 Section 12.11. Lender Benefit Plan Representations 113 Section 12.12. Erroneous Payments 114 Article XIII. Miscellaneous 117 Section 13.1. Notices 117 Section 13.2. Expenses 119 Section 13.3. Setoff 120

TABLE OF CONTENTS. Section Page SECTION 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 12 Section Classification of Loans 33 1.3 Terms Generally 33 1.4 Accounting Terms; GAAP 34 1.5 Resolution of Drafting Ambiguities 34 SECTION 2 - THE INVESTMENTS 13 AMOUNT AND TERMS OF COMMITMENTS 34 2.1 Purchaser’s Investment Limits 13 Term Commitments 34 2.2 Procedure for Making Purchases 13 Term Loan Borrowing 34 2.3 Sale Repayment of Term Loans 35 2.4 Revolving Commitments 36 2.5 Procedure for Revolving Loan Borrowing 36 2.6 Swingline Commitment 37 2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans 37 2.8 Commitment Fees, etc 39 2.9 Termination or Reduction of Revolving Commitments 39 2.10 Optional Prepayments 39 2.11 Mandatory Prepayments and Assignment 15 2.4 Commitment Reductions 40 2.12 Conversion and Continuation Options 42 2.13 Limitations on Eurodollar Tranches 42 2.14 Interest Rates and Payment Dates 42 2.15 Computation of Interest and Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 43 2.16 Inability to Determine Interest Rate 43 2.17 Pro Rata Treatment and Payments 16 2.7 44 2.18 Requirements of Law 16 2.8 45 2.19 Taxes 17 2.9 46 2.20 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases 48 2.21 Change of Purchased Assets: Deemed Collections 20 2.13 Application Lending Office 48 2.22 Replacement of Collections 21 Section Lenders 48 2.23 Repayment of Loans; Evidence of Debt 49 2.24 Increase in Commitments. 49 SECTION 3 - LETTERS OF CREDIT 51 3.1 LC Commitment 51 3.2 Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions 52 3.3 Fees and Other Charges 52 3.4 Participations 52 3.5 Reimbursement 52 3.6 Obligations Absolute 53 3.7 Disbursement Procedures 54 3.8 Interim Interest 54 3.9 Replacement of the Issuing Lender 54 Page 3.10 Cash Collateralization 54 SECTION 4 REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence55 4.1 Organization; Compliance with Law 22 3.4 PowerPower 55 4.2 Capital Stock; Subsidiaries 55 4.3 Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Conflicts 56 4.4 No Approvals 56 4.5 Enforceability 56 4.6 Litigation 23 3.7 56 4.7 Financial Statements; Projections 57 4.8 Properties 58 4.9 Intellectual Property 58 4.10 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Material Misstatements 59 4.11 Margin Stock 59 4.12 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Public Utility Holding Company Act 59 4.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist 59 4.14 Employee Benefit Plans 59 4.15 Environmental Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3260 4.16 Taxes 60

TABLE OF CONTENTS. Section 1 - ARTICLE I DEFINITIONS 1 1.1 SECTION 1.01. Defined Terms 1 1.2 Other Definitional Provisions 12 Section 2 - SECTION 1.02. Classification of Loans and Borrowings 17 SECTION 1.03. Terms Generally 17 SECTION 1.04. Accounting Terms; GAAP 17 ARTICLE II THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure CREDITS 18 SECTION 2.01. Commitments 18 SECTION 2.02. Loans and Borrowings 18 SECTION 2.03. Borrowing Procedures; Requests for Making Purchases 13 2.3 Sale Borrowings 18 SECTION 2.04. Letters of Credit 19 SECTION 2.05. Funding of Borrowings 21 SECTION 2.06. Interest Elections 22 SECTION 2.07. Termination and Assignment 15 2.4 Reduction of Commitment 23 SECTION 2.08. Repayment and Amortization of Loans; Evidence of Debt 23 SECTION 2.09. Prepayment of Loans 24 SECTION 2.10. Fees 15 2.5 Computation and Payments24 SECTION 2.11. Interest 25 SECTION 2.12. Alternate Rate of Interest 26 SECTION 2.13. Increased Costs 26 SECTION 2.14. Break Funding Payments 27 SECTION 2.15. Taxes 27 SECTION 2.16. Payments Generally; Commitment Fees 15 2.6 Pro Rata Treatment and Allocation of Proceeds 30 SECTION 2.17. Indemnity for Returned Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - 31 ARTICLE III REPRESENTATIONS AND WARRANTIES 22 3.1 31 SECTION 3.01. Organization; Powers 31 SECTION 3.02. Authorization; Enforceability 31 SECTION 3.03. Governmental Approvals; No Conflicts 32 SECTION 3.04. Financial Condition 22 3.2 Condition; No Material Adverse Change 22 3.3 Existence; 32 SECTION 3.05. Properties 32 SECTION 3.06. Litigation and Environmental Matters 32 SECTION 3.07. Compliance with Law 22 3.4 PowerLaws and Agreements; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 33 SECTION 3.08. Investment Company Act; Other Status 33 SECTION 3.09. Taxes 33 SECTION 3.10. ERISA 33 SECTION 3.11. Disclosure 34 SECTION 3.12. Material Agreements 34 SECTION 3.13. Solvency 34 SECTION 3.14. Insurance 34 SECTION 3.15. Capitalization and Subsidiaries 34 SECTION 3.16. Employment Matters 35 SECTION 3.17. Federal Reserve Regulations 24 3.12 Accuracy 35 720377643 16508845 i TABLE OF CONTENTS SECTION 3.18. Use of Information, etcProceeds 35 SECTION 3.19. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and No Burdensome Restrictions 35 SECTION 3.20. Anti-Terrorist Corruption Laws 25 Section 4 - and Sanctions 35 ARTICLE IV CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - 35 SECTION 4.01. Effective Date 35 SECTION 4.02. Each Credit Event 37 ARTICLE V AFFIRMATIVE COVENANTS 29 5.1 38 SECTION 5.01. Financial Statements 29 5.2 CertificatesStatements; Other Information 29 5.3 38 SECTION 5.02. Notices of Material Events 39 SECTION 5.03. Existence; Conduct of Business 40 SECTION 5.04. Payment of Obligations 30 5.4 40 SECTION 5.05. Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Properties 40 SECTION 5.06. Books and Records; Discussions 30 5.7 Notices 30 5.8 Inspection Rights 40 SECTION 5.07. Compliance with Laws and Material Contractual Obligations 40 SECTION 5.08. Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 41 SECTION 5.09. Accuracy of Information 41 SECTION 5.10. Insurance 41 SECTION 5.11. Material Licenses and Permits 42 SECTION 5.12. Depository Banks 42 SECTION 5.13. Further Assurances 31 5.11 Offices42 ARTICLE VI NEGATIVE COVENANTS 42 SECTION 6.01. Indebtedness 42 SECTION 6.02. Liens 44 SECTION 6.03. Fundamental Changes 45 SECTION 6.04. Investments, RecordsLoans, Books of Account 31 5.12 SalesAdvances, Liens, EtcGuarantees and Acquisitions 46 SECTION 6.05. 32 5.13 Extension or Asset Sales 47 SECTION 6.06. Sale and Leaseback Transactions 49 SECTION 6.07. Swap Agreements 49 SECTION 6.08. Restricted Payments 49 SECTION 6.09. Transactions with Affiliates 49 SECTION 6.10. Restrictive Agreements 50 SECTION 6.11. Amendment of Receivables 32 5.14 Status Material Documents 50 SECTION 6.12. Financial Covenants 50 ARTICLE VII EVENTS OF DEFAULT 50 ARTICLE VIII MISCELLANEOUS 53 SECTION 8.01. Notices 53 SECTION 8.02. Waivers; Amendments 54 SECTION 8.03. Expenses; Indemnity; Damage Waiver 55 SECTION 8.04. Successors and Assigns 56 SECTION 8.05. Survival 57 SECTION 8.06. Counterparts; Integration; Effectiveness 57 720377643 16508845 ii TABLE OF CONTENTS SECTION 8.07. Severability 58 SECTION 8.08. Right of Scheduled Receivables 32Setoff 58 SECTION 8.09. Governing Law; Jurisdiction; Consent to Service of Process 58 SECTION 8.10. WAIVER OF JURY TRIAL 59 SECTION 8.11. Headings 60 SECTION 8.12. Confidentiality 60 SECTION 8.13. Nonreliance; Violation of Law 61 SECTION 8.14. USA PATRIOT Act 61 SECTION 8.15. Disclosure 61 SECTION 8.16. Interest Rate Limitation 61 SECTION 8.17. No Advisory or Fiduciary Responsibility 61 720377643 16508845 iii SCHEDULES: Schedule 3.06 - Disclosed Matters Schedule 3.12 - Material Agreements Schedule 3.15 - Capitalization and Subsidiaries Schedule 6.01 - Existing Indebtedness Schedule 6.02 - Existing Liens Schedule 6.04 - Existing Investments Schedule 6.10 - Existing Restrictions EXHIBITS: Exhibit A - Borrowing Request Exhibit B - Compliance Certificate 720377643 16508845 iv CREDIT AGREEMENT dated as of June 1, 2016 (as it may be amended or modified from time to time, this “Agreement”) between SAN XXXX WATER COMPANY, as Borrower, and JPMORGAN CHASE BANK, N.A., as Lender. The parties hereto agree as follows:

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 12 Section 2 - (continued) 6.9. Repurchases and Exchanges of REIT Shares 21 6.10. No Duplication of Fees or Expenses 21 ARTICLE 7 CHANGES IN GENERAL PARTNER 21 7.1. Transfer of the General Partner’s Partnership Interest 21 7.2. Admission of a Substitute or Additional General Partner 22 7.3. Effect of Bankruptcy, Withdrawal, Death or Dissolution of the sole remaining General Partner 22 7.4. Removal of a General Partner 23 ARTICLE 8 RIGHTS AND OBLIGATIONS OF THE INVESTMENTS 13 2.1 Purchaser’s LIMITED PARTNERS 23 8.1. Management of the Partnership 23 8.2. Power of Attorney 23 8.3. Limitation on Liability of Limited Partners 24 8.4. Ownership by Limited Partner of Corporate General Partner or Affiliate 24 8.5. Redemption Right 24 8.6. Required Redemption of Limited Partners 25 8.7. Registration Rights 25 ARTICLE 9 TRANSFERS OF LIMITED PARTNERSHIP INTERESTS 26 9.1. Purchase for Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements 26 9.2. Restrictions on Transfer of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases Limited Partnership Interests 26 9.3. Admission of Purchased Assets: Deemed Collections 20 2.13 Application Substitute Limited Partner 27 9.4. Rights of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Assignees of Partnership Interests 27 9.5. Effect of Bankruptcy, Death, Incompetence or Termination of a Limited Partner 28 9.6. Joint Ownership of PropertyInterests 28 ARTICLE 10 BOOKS AND RECORDS; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company ActACCOUNTING; Other Regulations 24 3.12 Accuracy of Information, etcTAX MATTERS 28 10.1. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and RecordsRecords 28 10.2. Custody of Partnership Funds; Discussions Bank Accounts 28 10.3. Fiscal and Taxable Year 28 10.4. Annual Tax Information and Report 28 10.5. Tax Matters Partner; Tax Elections; Special Basis Adjustments 29 10.6. Reports to Limited Partners 29 ARTICLE 11 AMENDMENT OF AGREEMENT; MERGER 29 ARTICLE 12 GENERAL PROVISIONS 29 12.1. Notices 29 12.2. Survival of Rights 29 12.3. Additional Documents 29 12.4. Severability 30 5.7 Notices 12.5. Entire Agreement 30 5.8 Use 12.6. Pronouns and Plurals 30 12.7. Headings 30 12.8. Counterparts 30 TABLE OF CONTENTS (continued) 12.9. Governing Law 30 EXHIBITS EXHIBIT A - Notice of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 OfficesExercise of Redemption Right EXHIBIT B – Partnership Unit Designation of the Class A Preferred Units AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT OF EQT EXETER REIT OPERATING PARTNERSHIP LP This Amended and Restated Limited Partnership Agreement (this “Agreement”), Recordsdated as of [__], Books 2023, amends and restates the Limited Partnership Agreement entered into as of Account 31 5.12 SalesSeptember 7, Liens2022, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32between EQT Exeter Real Estate Income Trust, Inc., a Maryland corporation, as general partner (the “General Partner”), and EQRT Special Limited Partner LLC, a Delaware limited liability company (the “Special Limited Partner”), and the Limited Partners party hereto from time to time.

TABLE OF CONTENTS. Page Article I Definitions and Other Provisions of General Application 1 Section 1.1 Definitions 1 - DEFINITIONS 1 1.1 Defined Terms 1 Section 1.2 Other Definitional Provisions 12 Compliance Certificates and Opinions 36 Section 2 - THE INVESTMENTS 13 1.3 Form of Documents Delivered to Trustee 37 Section 1.4 Acts of Holders; Record Dates 38 Section 1.5 Notices, Etc., to Trustee, Company and Subsidiary Guarantors 39 Section 1.6 Notice to Holders; Waiver 40 Section 1.7 Conflict with Trust Indenture Act 40 Section 1.8 Effect of Headings and Table of Contents 40 Section 1.9 Successors and Assigns 40 Section 1.10 Severability 41 Section 1.11 Benefits of Indenture 41 Section 1.12 Governing Law 41 Section 1.13 Legal Holidays 41 Section 1.14 Indenture May be Executed In Counterparts 41 Section 1.15 Waiver of Jury Trial 41 Article II The Securities 41 Section 2.1 Purchaser’s Investment Limits 13 Amount of Securities 41 Section 2.2 Procedure for Making Purchases 13 Amortization. 43 Section 2.3 Sale Fees 45 Section 2.4 Redemptions. 45 Section 2.5 [Reserved] 49 Section 2.6 [Reserved] 49 Section 2.7 Computation of Interest and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 49 Section 2.8 Pro Rata Treatment and Payments 16 2.7 Requirements 50 Section 2.9 [Reserved] 51 Section 2.10 [Reserved] 52 Section 2.11 [Reserved] 52 Section 2.12 [Reserved] 52 Section 2.13 Indemnity 52 Section 2.14 [Reserved] 52 Section 2.15 Forms Generally 52 Section 2.16 Date and Denominations 54 Section 2.17 Execution, Authentication and Delivery 54 Section 2.18 Temporary Securities 55 Section 2.19 Registration, Registration of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases Transfer and Exchange 55 Section 2.20 Form of Purchased Assets: Certificate of Exchange 59 Section 2.21 Form of Certificate of Transfer 61 Section 2.22 Mutilated, Destroyed, Lost and Stolen Securities 62 Section 2.23 Payment of Interest; Interest Rights Preserved 63 Section 2.24 Persons Deemed Collections 20 2.13 Application Owners 64 Section 2.25 Cancellation of Collections 21 Surrendered Securities 64 Section 3 - REPRESENTATIONS AND WARRANTIES 22 2.26 Common Codes, ISINs and CUSIP numbers 64 Article III Representations and Warranties 64 Section 3.1 Financial Condition 22 Information 64 Section 3.2 No Material Adverse Change 22 65 Section 3.3 Existence; Existence and Power 65 Section 3.4 Compliance with Law 22 3.4 Power; Laws 65 Section 3.5 Organizational and Governmental Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 Contravention 65 Section 3.6 All Consents Required 66 Section 3.7 Binding Effect 66 Section 3.8 Litigation 23 3.7 No Default 23 3.8 66 Section 3.9 Investment Company Act 66 Section 3.10 Margin Stock 67 Section 3.11 Compliance with ERISA 67 Section 3.12 Subsidiaries 67 Section 3.13 Ownership of Property; Liens 24 3.9 68 Section 3.14 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information68 Section 3.15 Patents, etc. 25 3.13 Solvency 25 3.14 Trademarks, Etc 68 Section 3.16 Insolvency 68 Section 3.17 Capital Stock 69 Section 3.18 Available Assets 69 Section 3.19 Labor Matters 70 Section 3.20 Full Disclosure 70 Section 3.21 No Default 70 Section 3.22 PATRIOT Act 70 Section 3.23 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 71 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 3.24 Environmental Matters 71 Section 3.25 Certain Documents 72 Section 3.26 [Reserved] 72 Section 3.27 Debt Prepayments 73 Section 3.28 Restricted Payments 73 Article IV Conditions to Effectiveness 28 Closing 73 Article V Affirmative Covenants 77 Section 5 - COVENANTS 29 5.1 Financial Statements 29 Reports and Other Information. 77 Section 5.2 Certificates; Other Information 29 78 Section 5.3 Payment of Taxes and Other Obligations 30 79 Section 5.4 Maintenance of Existence; Compliance 30 Existence 79 Section 5.5 Maintenance of Property; Insurance 30 80 Section 5.6 Inspection of Property; Books and Records; Discussions 30 Records 80 Section 5.7 Notices 30 81 Section 5.8 Use Environmental Laws 82 Section 5.9 Financial Covenants 83 Section 5.10 Maintenance of Proceeds 31 5.9 Irrevocable Corporate Family Rating 83 Section 5.11 Compliance with Laws 83 Section 5.12 Additional Collateral, etc 84 Section 5.13 Portfolio Investments 85 Section 5.14 Managementsub 85 Section 5.15 Debt Investments 85 Section 5.16 Post-Closing Obligations. 85 Section 5.17 Payment Instructions 31 5.10 Further Assurances 31 5.11 Officesof Expenses and Taxes; Indemnification. 86 Section 5.18 Payment of Principal, RecordsInterest and Fees 87 Section 5.19 Maintenance of Office or Agency 87 Section 5.20 Money for Securities Payments to Be Held in Trust 88 Section 5.21 Statement by Officers as to Default 89 Section 5.22 Limits on Disclosure of Reporting 89 Article VI Negative Covenants 89 Section 6.1 Additional Debt 89 Section 6.2 Liens 91 Section 6.3 Consolidations, Books Mergers, and Sales of Account 31 5.12 SalesAssets 93 Section 6.4 Acquisitions; Portfolio Investments 95 Section 6.5 Other Investments 96 Section 6.6 Transactions with Affiliates 96 Section 6.7 Change in Fiscal Year 96 Section 6.8 No Restrictive Agreement 97 Section 6.9 Restricted Payments 97 Section 6.10 Dissolution 98 Section 6.11 American Capital, LiensLLC 98 Section 6.12 Payments and Modifications of Certain Debt Instruments 98 Section 6.13 Negative Pledge Clauses 100 Article VII Events of Default 101 Section 7.1 Events of Default 101 Section 7.2 Acceleration of Maturity; Rescission and Annulment 103 Section 7.3 Collection of Debt and Proceedings for Enforcement by Trustee 104 Section 7.4 Trustee May File Proofs of Claim 105 Section 7.5 Trustee May Enforce Claims Without Possession of Securities 105 Section 7.6 Application of Money Collected 106 Section 7.7 Limitation on Suits 106 Section 7.8 Unconditional Right of Holders to Receive Principal, Etc. 32 5.13 Interest and Fees 106 Section 7.9 Restoration of Rights and Remedies 107 Section 7.10 Rights and Remedies Cumulative 107 Section 7.11 Delay or Omission Not Waiver 107 Section 7.12 Control by Holders 107 Section 7.13 Waiver of Past Defaults 107 Section 7.14 Undertaking for Costs 108 Section 7.15 Waiver of Usury, Stay or Extension or Amendment Laws 108 Article VIII The Trustee 108 Section 8.1 Certain Duties and Responsibilities 108 Section 8.2 Notice of Receivables 32 5.14 Status Defaults 109 Section 8.3 Certain Rights of Scheduled Receivables 32Trustee 109

TABLE OF CONTENTS. Section 1 - ARTICLE I DEFINITIONS 1 1.1 Defined Terms Section 1.01 Accounting Terms; Definitions 1 1.2 Section 1.02 Other Definitional Interpretive Provisions 12 18 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 1.03 Accounting Principles 19 ARTICLE II LOANS 19 Section 2.01 Revolving Loans 19 Section 2.02 Letters of Credit 19 Section 2.03 Use of Proceeds 21 Section 2.04 Unused Fee 22 Section 2.05 Termination or Reduction of the Commitment 22 Section 2.06 Waivers 22 ARTICLE III ADMINISTRATION OF CREDIT 23 Section 3.01 Interest on Loans 23 Section 3.02 Borrowing Procedure 23 Section 3.03 Conversion 23 Section 3.04 Automatic Conversion 23 Section 3.05 Conversion and Continuation Procedure 24 Section 3.06 Basis for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Determining Interest Rate Inadequate or Unfair 24 Section 3.07 Changes in Law Rendering Certain Loans Unlawful 24 Section 3.08 Increased Costs 25 Section 3.09 Capital Adequacy 25 Section 3.10 Limitation on Prepayment 25 Section 3.11 Funding Losses 26 Section 3.12 Conclusiveness of Statements 26 Section 3.13 Survival of Provisions 26 Section 3.14 Computations of Interest 26 Section 3.15 Payments; Commitment Fees 15 2.6 Pro Rata Treatment Loan Accounts 26 Section 3.16 Interest Following Event of Default 27 Section 3.17 Deposits; Set Off 27 Section 3.18 Authorization for Direct Payments (ACH Debits) 27 ARTICLE IV CONDITIONS OF BORROWING 28 Section 4.01 Representations 28 Section 4.02 Guaranty 28 Section 4.03 Pledge and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Security Agreement 28 Section 3 - 4.04 Intellectual Property Agreement 28 Section 4.05 Filings 28 Section 4.06 Priority 29 Section 4.07 Counsel Opinion 29 Section 4.08 Borrowing Base Certificate 29 Section 4.09 Proceedings Satisfactory 29 Section 4.10 Other Documents 29 ARTICLE V REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 30 Section 5.01 Organization 30 Section 5.02 Authority 30 Section 5.03 Investment Company Act; Other Regulations 24 3.12 Accuracy Act of Information1940 31 Section 5.04 Employee Retirement Income Security Act 31 Section 5.05 Financial Statements 31 Section 5.06 Dividends and Redemptions 31 Section 5.07 Liens 31 Section 5.08 Taxes 32 Section 5.09 Absence of Litigation 32 Section 5.10 Absence of Default 32 Section 5.11 No Burdensome Agreements 32 Section 5.12 Trademarks, etc. 25 3.13 32 Section 5.13 Leases 33 Section 5.14 Partnerships; Joint Ventures 33 Section 5.15 Full Disclosure 33 Section 5.16 Fiscal Year 33 Section 5.17 Environmental Matters 33 Section 5.18 Solvency 25 3.14 Security Documents 25 3.15 Principal Place 34 ARTICLE VI NEGATIVE COVENANTS 34 Section 6.01 Restriction of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering Indebtedness 34 Section 6.02 Restriction on Liens 35 Section 6.03 Sale and Anti-Terrorist Laws 25 Leaseback 35 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 6.04 Dividends and Redemptions 36 Section 5 - 6.05 Acquisitions and Investments 36 Section 6.06 Liquidation; Merger; Disposition of Assets 38 Section 6.07 Accounts Receivable 38 Section 6.08 Leases 38 Section 6.09 Affiliates 38 Section 6.10 Partnerships; Joint Ventures 39 Section 6.11 Fiscal Year 39 Section 6.12 Liens on Foreign Subsidiaries 39 Section 6.13 Derivatives 39 Section 6.14 Restrictive Agreements 39 ARTICLE VII AFFIRMATIVE COVENANTS 29 5.1 40 Section 7.01 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Status 40 Section 7.02 Insurance 40 Section 7.03 Corporate Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Obligations 41 Section 7.04 Business Activities 41 Section 7.05 Properties 41 Section 7.06 Accounting Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, LiensReports 42 Section 7.07 Inspections; Verification 44 Section 7.08 Deposit Accounts, Etc. 32 5.13 Extension or Amendment 45 Section 7.09 Additional Domestic Subsidiaries 45 Section 7.10 Foreign Subsidiaries; Further Assurances 45 Section 7.11 Post-Closing Matters 46 ARTICLE VIII DEFAULTS 46 Section 8.01 Defaults 46 Section 8.02 Termination of Receivables 32 5.14 Status Commitments and Acceleration of Scheduled Receivables 32Obligations 48 ARTICLE IX MISCELLANEOUS 49 Section 9.01 Expenses; Indemnity 49 Section 9.02 Tax Indemnification 51 Section 9.03 Successors 52 Section 9.04 Amendments, Etc. 52 Section 9.05 Survival 52 Section 9.06 Governing Law 52 Section 9.07 Counterparts 52 Section 9.08 Notices 53 Section 9.09 Assignment; Participations 53 Section 9.10 Confidentiality 55 Section 9.11 Entire Agreement; No Agency 55 Section 9.12 No Third Party Benefit 55 Section 9.13 Governing Law; Jurisdiction; Consent to Service of Process 55 Section 9.14 WAIVER OF JURY TRIAL 56 Section 9.15 Limitation of Liability 57 Section 9.16 USA Patriot Act Notice 57 CREDIT AGREEMENT This Credit Agreement (this “Agreement”) is entered into as of July 5, 2012, between ServiceSource International, Inc., a Delaware corporation, as borrower (“Borrower”), and JPMorgan Chase Bank, National Association, as Lender (in such capacity, “Lender”), and as the issuer of Letters of Credit hereunder (in such capacity, the “Issuing Bank”).

TABLE OF CONTENTS. ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE 1 Section 1.01. Definitions 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Section 1.01. Other Definitional Provisions 12 Definitions 24 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements 1.02. Incorporation by Reference of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws Trust Indenture Act 25 Section 4 - CONDITIONS PRECEDENT 1.03. Rules of Construction 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases ARTICLE II THE NOTES 27 4.3 Conditions to Effectiveness Section 2.01. Form and Dating 27 Section 2.02. Execution and Authentication; Additional Notes; Aggregate Principal Amount 28 Section 5 - 2.04. Obligations of Paying Agent 29 Section 2.05. Holder Lists 29 Section 2.06. Transfer and Exchange 29 Section 2.07. Replacement Notes 30 Section 2.08. Outstanding Notes 30 Section 2.09. Treasury Notes; When Notes Are Disregarded 31 Section 2.10. Temporary Notes 31 Section 2.11. Cancellation 31 Section 2.12. CUSIP Numbers 31 Section 2.13. Deposit of Moneys 32 Section 2.14. Book-Entry Provisions for Global Notes 32 Section 2.15. Special Transfer and Exchange Provisions 33 Section 2.16. Transfers and Exchanges of Global Notes and Physical Notes 35 ARTICLE III REDEMPTION 35 Section 3.01. Redemption 35 Section 3.02. Selection of Notes to be Redeemed 36 Section 3.03. Notice of Redemption 37 Section 3.04. Effect of Notice of Redemption 38 Section 3.05. Deposit of Redemption Price 38 Section 3.06. Notes Redeemed in Part 38 ARTICLE IV COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 38 Section 4.01. Payment of Obligations 30 5.4 Notes 38 Section 4.02. Maintenance of Existence; Compliance 30 5.5 Office or Agency 39 Section 4.03. Corporate Existence 39 (i) Section 4.04. Payment of Taxes and Other Claims 39 Section 4.05. Maintenance of Property; Properties and Insurance 30 5.6 Inspection 40 Section 4.06. Compliance Certificate, Notice of Property; Books Default 40 Section 4.07. Waiver of Stay, Extension or Usury Laws 40 Section 4.08. Limitation on Incurrence of Indebtedness and Records; Discussions 30 5.7 Notices 30 5.8 Use Issuance of Proceeds 31 5.9 Irrevocable Preferred Stock 41 Section 4.09. Limitation on Restricted Payments 44 Section 4.10. Repurchase upon Change of Control 47 Section 4.11. Limitation on Asset Sales 49 Section 4.12. Semi-Annual Offer 52 Section 4.13. Limitation on Dividend and Other Payment Instructions 31 5.10 Restrictions Affecting Restricted Subsidiaries 53 Section 4.14. Designation of Restricted and Unrestricted Subsidiaries 55 Section 4.15. Limitation on Liens 55 Section 4.16. Limitations on Transactions with Affiliates 55 Section 4.17. Additional Note Guarantees 57 Section 4.18. Real Estate Mortgages and Filings 57 Section 4.19. Business Activities 59 Section 4.20. Actions with Respect to TPT 59 Section 4.21. Reports to Holders 59 Section 4.22. Payments for Consent 60 Section 4.23. Further Assurances 31 5.11 Offices60 ARTICLE V SUCCESSOR CORPORATION 61 Section 5.01. Merger, Records, Books Consolidation and Sale of Account 31 5.12 Sales, LiensAssets 61 Section 5.02. Successor Entity Substituted 62 ARTICLE VI DEFAULT AND REMEDIES 62 Section 6.01. Events of Default 62 Section 6.02. Acceleration 64 Section 6.03. Other Remedies 65 Section 6.04. Waiver of Past Defaults 65 Section 6.05. Control by Majority 65 Section 6.06. Limitation on Suits 66 Section 6.07. Rights of Holders to Receive Payment 66 Section 6.08. Collection Suit by Trustee or Collateral Agent 66 Section 6.09. Trustee May File Proofs of Claim 67 Section 6.10. Priorities 67 Section 6.11. Undertaking for Costs 68 Section 6.12. Restoration of Rights and Remedies 68 ARTICLE VII TRUSTEE 68 Section 7.01. Duties of Trustee 68 Section 7.02. Rights of Trustee 69 Section 7.03. Individual Rights of Trustee 71 Section 7.04. Trustee’s Disclaimer 71 Section 7.05. Notice of Default 71 Section 7.06. Reports by Trustee to Holders 72 Section 7.07. Compensation and Indemnity 72 Section 7.08. Replacement of Trustee 73 Section 7.09. Successor Trustee by Merger, Etc. 32 5.13 74 Section 7.10. Eligibility; Disqualification 74 Section 7.11. Preferential Collection of Claims Against Company 74 Section 7.12. Trustee as Paying Agent and Collateral Agent 75 Section 7.13. Form of Documents Delivered to Trustee 75 ARTICLE VIII SATISFACTION AND DISCHARGE OF INDENTURE 75 Section 8.01. Legal Defeasance and Covenant Defeasance 75 Section 8.02. Satisfaction and Discharge 77 Section 8.03. Survival of Certain Obligations 78 Section 8.04. Acknowledgment of Discharge by Trustee and Collateral Agent 78 Section 8.05. Application of Trust Moneys 78 Section 8.06. Repayment to the Company; Unclaimed Money 79 Section 8.07. Reinstatement 79 ARTICLE IX AMENDMENTS, SUPPLEMENTS AND WAIVERS 80 Section 9.01. Without Consent of Holders 80 Section 9.02. With Consent of Holders 81 Section 9.03. Compliance with Trust Indenture Act 82 Section 9.04. Revocation and Effect of Consents 82 Section 9.05. Notation on or Exchange of Notes 83 Section 9.06. Trustee to Sign Amendments, Etc. 83 Section 9.07. Conformity with Trust Indenture Act 83 (iii) ARTICLE X GUARANTEE 83 Section 10.01. Note Guarantee 83 Section 10.02. Release of a Guarantor 84 Section 10.03. Limitation of Guarantor’s Liability 85 Section 10.04. Contribution 85 Section 10.05. Waiver of Subrogation 85 Section 10.06. Waiver of Stay, Extension or Amendment Usury Laws 86 Section 10.07. Execution and Delivery of Receivables 32 5.14 Status Note Guarantees 86 ARTICLE XI MISCELLANEOUS 86 Section 11.01. Trust Indenture Act Controls 86 Section 11.02. Notices 86 Section 11.03. Communications by Holders with Other Holders 87 Section 11.04. Certificate and Opinion as to Conditions Precedent 87 Section 11.05. Statements Required in Certificate or Opinion 88 Section 11.06. Rules by Trustee, Paying Agent, Xxxxxxxxx 00 Section 11.07. Legal Holidays 88 Section 11.08. Governing Law 88 Section 11.09. No Adverse Interpretation of Scheduled Receivables 32Other Agreements 89 Section 11.10. No Recourse Against Others 89 Section 11.11. Successors 89 Section 11.12. Duplicate Originals 89 Section 11.13. Severability 89 Section 11.14. Waiver of Jury Trial 89 ARTICLE XII SECURITY 90 Section 12.01. Grant of Security Interest 90 Section 12.02. Opinions 90 Section 12.03. Release of Collateral 91 Section 12.04. Specified Releases of Collateral 92 Section 12.05. Release upon Satisfaction or Defeasance of All Outstanding Obligations 92 Section 12.06. Form and Sufficiency of Release 92 Section 12.07. Purchaser Protected 93 Section 12.08. Authorization of Actions to Be Taken by the Collateral Agent Under the Collateral Documents 93 Section 12.09. Authorization of Receipt of Funds by the Trustee Under the Collateral Documents 93 Section 12.10. Intercreditor Agreement 93 (iv) EXHIBITS Exhibit A Form of Note Exhibit B Form of Legends Exhibit C Form of Certificate of Transfer Exhibit D Form of Certificate of Exchange Exhibit E Form of Certificate from Acquiring Accredited Investor Exhibit F Form of Supplemental Indenture Exhibit G Form of Intercreditor Agreement INDENTURE, dated as of November 15, 2011, among Green Field Energy Services, Inc., a Delaware corporation (the “Company”), Hub City Tools, Inc., a Louisiana corporation, as guarantor, and Wilmington Trust, National Association, as trustee (in such capacity, the “Trustee”) and as collateral agent (in such capacity, the “Collateral Agent”).

TABLE OF CONTENTS. Section Page SECTION 1 - DEFINITIONS 1 1.1 1.1. Defined Terms 1 1.2 1.2. Other Definitional Provisions 12 Section Provisions; Pro Forma Calculations 34 SECTION 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 AMOUNT AND TERMS OF COMMITMENTS 36 2.1. Loans and Commitments 36 2.2. Procedure for Making Purchases 13 2.3 Sale Borrowing 42 2.3. Repayment of Loans 43 2.4. Swingline Commitment 45 2.5. Procedure for Swingline Borrowing; Refunding of Swingline Loans 46 2.6. Fees, Etc 47 2.7. Termination or Reduction of Commitments 48 2.8. Optional Prepayments 48 2.9. Mandatory Prepayments 51 2.10. Conversion and Assignment 15 2.4 Continuation Options 52 2.11. Limitations on Eurodollar Tranches 52 2.12. Interest Rates and Payment Dates 52 2.13. Computation of Interest and Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 53 2.14. Inability to Determine Interest Rate 53 2.15. Pro Rata Treatment and Payments 16 2.7 54 2.16. Requirements of Law 16 2.8 55 2.17. Taxes 17 2.9 56 2.18. Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments58 2.19. Change of Lending Office 58 2.20. Replacement of Lenders 58 2.21. Defaulting Lenders 59 2.22. Obligations of Lenders Several 61 2.23. Permitted Debt Exchanges 61 SECTION 3 LETTERS OF CREDIT 64 3.1. L/Deferred Purchase Price 19 2.12 Repurchases C Commitment 64 3.2. Procedure for Issuance of Purchased Assets: Deemed Collections 20 2.13 Application Letter of Collections 21 Section 3 - Credit 65 3.3. Fees and Other Charges 65 3.4. L/C Participations 66 3.5. Reimbursement Obligation of the Borrower 67 3.6. Obligations Absolute 67 3.7. Letter of Credit Payments 67 3.8. Cash Collateral 68 3.9. Applications 69 3.10. Applicability of ISP and UCP 69 SECTION 4 REPRESENTATIONS AND WARRANTIES 22 3.1 69 4.1. Financial Condition 22 3.2 69 4.2. No Change 22 3.3 69 4.3. Existence; Compliance with Law 22 3.4 69 4.4. Power; Authorization; Enforceable Obligations 23 3.5 69 4.5. No Legal Bar 23 3.6 70 4.6. Litigation 23 3.7 70 4.7. No Default 23 3.8 70 4.8. Ownership of Property; Liens 24 3.9 70 4.9. Intellectual Property 70 4.10. Taxes 24 3.10 71 4.11. Federal Regulations 24 3.11 71 4.12. Labor Matters 71 4.13. ERISA 71 4.14. Investment Company Act; Other Regulations 24 3.12 71 4.15. Subsidiaries 72 4.16. Use of Proceeds 72 4.17. Environmental Matters 72 4.18. Certain Cable Television Matters 73 4.19. Accuracy of Information, etcEtc. 25 3.13 73 4.20. Security Interests 74 4.21. Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - 74 SECTION 5 CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 74 5.1. Conditions to Effectiveness 28 Section 5 - New Restatement Effective Date 74 5.2. Conditions to Each Extension of Credit 74 SECTION 6 AFFIRMATIVE COVENANTS 29 5.1 75 6.1. Financial Statements 29 5.2 75 6.2. Certificates; Other Information 29 5.3 77 6.3. Payment of Obligations 30 5.4 77 6.4. Maintenance of Existence; Compliance 30 5.5 77 6.5. Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3277

TABLE OF CONTENTS. Section 1. Definitions 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 2. Purchase and Sale of Securities. 9 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation Issuance of Series A Preferred Shares 9 2.2 Closing 9 3. Representations and PaymentsWarranties of the Warrantors 9 3.1 Organization, Good Standing and Qualification 9 3.2 Corporate Structure; Commitment Fees 15 2.6 Pro Rata Treatment Subsidiaries 10 3.3 Capitalization 10 3.4 Authorization 11 3.5 Valid Issuance of Series A Preferred Shares and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 Conversion Shares 11 3.6 Litigation 23 Governmental Approvals 11 3.7 No Default 23 Offering 11 3.8 Ownership of Property; Liens 24 Certain Regulatory Matters 12 3.9 Taxes 24 Tax Matters 12 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of PropertyCharter Documents; Books and RecordsRecords 13 3.11 Financial Statements 13 3.12 Changes 14 3.13 Actions and Governmental Orders 15 3.14 Liabilities 15 3.15 Commitments 15 3.16 Compliance with Laws and Governmental Orders 17 3.17 Title; Discussions 30 Properties; Permits 18 3.18 Related Party Transactions 19 3.19 Intellectual Property 19 3.20 Compliance with Other Instruments 20 3.21 Insurance 21 3.22 Employee Matters 21 3.23 No Brokers 22 3.24 Disclosure 22 4. Representations and Warranties of the Purchasers 22 4.1 Authorization 22 4.2 Purchase Entirely for Own Account 22 4.3 Disclosure of Information 22 4.4 Accredited Investor 23 5. Conditions of Purchasers’ Obligations at Closing 23 5.1 Representations and Warranties 23 5.2 Performance 23 5.3 Proceedings and Documents 23 5.4 Government Approvals and Consents 23 5.5 Amended Memorandum and Articles 23 5.6 Investors’ Rights Agreement 23 5.7 Notices 30 Right of First Refusal and Co-Sale Agreement 24 5.8 Share Incentive Plan 24 5.9 Financial Statements 24 5.10 Board of Directors 24 5.11 Indemnification Agreement 24 5.12 Non-Competition, Non-Solicitation, Confidential Information, and Invention Assignment Agreements 24 5.13 Reserved 24 5.14 Legal Opinions 24 5.15 No Material Adverse Events 24 5.16 Restructuring 25 5.17 Business Plan and Budget 25 5.18 Waiver of Confidentiality Obligations in Business Contracts 25 5.19 Waiver of Employee Confidentiality and Non-competition Obligations 25 5.20 Alibaba Side Agreement 25 5.21 Bringdown Certificate 26 5.22 Due Diligence 26 6. Conditions of the Company’s Obligations at Closing 26 6.1 Representations and Warranties 26 6.2 Payment of Purchase Price 26 6.3 Performance 26 6.4 Investors’ Rights Agreement 26 6.5 Right of First Refusal and Co-Sale Agreement 26 6.6 Government Approvals and Consents 26 7. Covenants and Other Agreements 27 7.1 Use of Proceeds 27 7.2 Full-time Employment 27 7.3 Transfers and Licensing of Intellectual Property 27 7.4 Restructuring 28 7.5 Compliance with Applicable Laws 28 7.6 Confidentiality 28 7.7 Joint Lab Agreement 29 7.8 SAFE Registration 29 7.9 Management of Group Debt 29 7.10 Public Official Communication 30 7.11 Non-Compete 30 7.12 No Negotiation 31 5.9 Irrevocable Payment Instructions 8. Miscellaneous 31 5.10 8.1 Indemnification by the Warrantors 31 8.2 Successors and Assigns 32 8.3 Governing Law and Dispute Resolution 32 8.4 Counterparts 32 8.5 Titles and Subtitles 33 8.6 Notices 33 8.7 Expenses 33 8.8 Amendments and Waivers 33 8.9 Severability 33 8.10 Entire Agreement 33 8.11 Specific Performance 34 8.12 No Waiver 34 8.13 Further Assurances 31 5.11 Offices34 SCHEDULE AND EXHIBITS SCHEDULE A Schedule of Purchasers SCHEDULE B Disclosure Schedule SCHEDULE 5.16(i) Assets and Liabilities Transferred from Group to Sohu SCHEDULE 5.16(ii) Assets and Liabilities Transferred from Sohu to Group SCHEDULE 5.16(iii) Restructuring Plan EXHIBIT A Amended and Restated Memorandum and Articles of Association EXHIBIT B Investors’ Rights Agreement EXHIBIT C Right of First Refusal and Co-Sale Agreement EXHIBIT D Share Incentive Plan EXHIBIT E Form of Director Indemnification Agreement EXHIBIT F Form of Employment Agreement Form of Non-competition and Non-Solicitation Agreement Form of Confidential Information and Invention Assignment Agreement EXHIBIT G reserved EXHIBIT H Form of Opinion of Cayman Islands Special Counsel to the Company EXHIBIT I Form of Opinion of PRC Counsel to the Company SOGOU INC. SERIES A PREFERRED SHARE PURCHASE AGREEMENT THIS SERIES A PREFERRED SHARE PURCHASE AGREEMENT (the “Agreement”) is made as of October 2, Records2010, Books by and among Sogou Inc., a company incorporated under the Laws of Account 31 5.12 Salesthe Cayman Islands (the “Company”), LiensSogou (BVI) Limited, Etca company duly incorporated and existing under the Laws of the British Virgin Islands (“Sogou BVI”), Sogou Hong Kong Limited, a company duly incorporated and existing under the Laws of the Hong Kong S.A.R. (“Sogou HK”), Beijing Sogou Technology Development Co., Ltd. (北京搜狗科技发展有限公司), a limited liability company duly organized and existing under the Laws of the PRC (the “PRC Subsidiary”), Beijing Sogou Information Service Co., Ltd. (北京搜狗信息服务有限公司), a limited liability company duly organized and existing under the Laws of the PRC (“Sogou Information”), and the purchasers listed on Schedule A hereto (each of which is herein referred to as a “Purchaser” and, collectively, the “Purchasers,” and with the Company, Sogou BVI, Sogou HK, the PRC Subsidiary and Sogou Information, the “Parties,” and each, a “Party”). 32 5.13 Extension or Amendment Xxxx.xxx Inc., a Delaware corporation (“Sohu”), is as signatory hereto and a Party to this Agreement solely for the purpose of Receivables 32 5.14 Status of Scheduled Receivables 32Sections 3, 7.3, 7.4, 7.6, 7.7, 7.8, 7.9, 7.10, 7.11, 7.12 and 8.1 hereto.

TABLE OF CONTENTS. Page Section 1 - DEFINITIONS 1. Definitions and Accounting Matters 1 1.1 Certain Defined Terms 1 1.2 Other Definitional Provisions 12 Accounting Terms and Determinations 15 1.3 Cross-References 16 1.4 Use of Certain Terms 16 Section 2 - THE INVESTMENTS 13 2. Loans and Commitments 17 2.1 Purchaser’s Investment Limits 13 Committed Loans 17 2.2 Procedure for Making Purchases 13 Changes of Commitments 17 2.3 Sale Money Market Loans 18 2.4 Lending Offices 21 2.5 Several Obligations 21 2.6 Notes 21 2.7 Facility Fee 21 2.8 Extension of Commitment Termination Date 22 2.9 Defaulting Banks 24 Section 3. Borrowings and Assignment 15 2.4 Fees 15 2.5 Computation Prepayments 25 3.1 Borrowings 25 3.2 Prepayments of Loans 25 Section 4. Payments of Principal and Interest 26 4.1 Maturity of Loans 26 4.2 Interest 26 4.3 Interest Periods 27 Section 5. Payments; Commitment Fees 15 2.6 Pro Rata Treatment; Computations; Etc. 28 5.1 Payments 28 5.2 Pro Rata Treatment and Payments 16 2.7 Requirements 28 5.3 Computations 28 5.4 Certain Minimum Amounts 29 5.5 Certain Notices 29 5.6 Non-Receipt of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions Funds by the Administrative Agent 30 5.7 Notices 30 5.8 Use Sharing of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, LiensPayments, Etc. 32 5.13 Extension 31 Section 6. Yield Protection and Illegality 31 6.1 Additional Costs 31 6.2 Limitation on Types of Loans 33 6.3 Illegality 33 6.4 Treatment of Affected Loans 33 6.5 Compensation 34 6.6 Replacement Banks 34 6.7 Taxes 35 i Section 7. Conditions Precedent 38 7.1 Effective Date 38 7.2 All Loans 39 Section 8. Representations and Warranties 39 8.1 Organization and Good Standing 39 8.2 Due Qualification 39 8.3 Power and Authority 40 8.4 Financial Statements 40 8.5 No Consents 40 8.6 Binding Obligations 40 8.7 No Violation 40 8.8 No Proceedings 40 8.9 Compliance with Laws 41 8.10 ERISA 41 8.11 Payment of Taxes 41 8.12 Investment Company Act 41 8.13 No Margin Credit 41 8.14 No Material Misstatement or Amendment Omission 41 8.15 HMC Support Agreement 41 8.16 No Proposed Changes to HMC Support Agreement 41 8.17 Money Laundering Laws 42 8.18 OFAC; Anti-Corruption Laws 42 8.19 EEA Financial Institutions 42 Section 9. Affirmative Covenants 42 9.1 Information; Notices 42 9.2 Conduct of Receivables 32 5.14 Status Business; Corporate Existence 44 9.3 Compliance with Laws 44 9.4 Payment of Scheduled Receivables 32Taxes 44 9.5 ERISA 44 9.6 [Reserved.] 45

TABLE OF CONTENTS. Section 1 - Page ARTICLE I: DEFINITIONS 1 1.1 1.1. Certain Defined Terms 1 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure 1.2. References 26 1.3. Supplemental Disclosure 26 1.4. Borrower Acting on Behalf of Itself and Subsidiary Borrowers 26 1.5. Joint and Several Liability for Making Purchases 13 2.3 Sale Obligations of the Borrower and Assignment 15 2.4 Fees 15 2.5 Computation Domestic Subsidiary Borrowers; Joint and Several Liability for Obligations of the Foreign Subsidiary Borrowers; No Liability of Foreign Subsidiary Borrowers for Obligations of the Borrower or the Domestic Subsidiary Borrowers 26 1.6. Amendment and Restatement of Existing Credit Agreement 27 ARTICLE II: REVOLVING LOAN FACILITIES 28 2.1. [Reserved] 28 2.2. Revolving Loans 28 2.3. Swing Line Loans 29 2.4. Rate Options for all Advances; Maximum Interest Periods 31 2.5. Optional Payments; Mandatory Prepayments 31 2.6. Reduction of Commitments 33 2.7. Method of Borrowing 33 2.8. Method of Selecting Types and Interest Periods for Advances 34 2.9. Minimum Amount of Each Advance 34 2.10. Method of Selecting Types and Interest Periods for Conversion and Continuation of Advances 34 2.11. Default Rate 36 2.12. Method of Payment 36 2.13. Evidence of Debt 37 2.14. Telephonic Notices 37 2.15. Promise to Pay; Interest and Commitment Fees 15 2.6 Pro Rata Treatment Fees; Interest Payment Dates; Interest and Fee Basis; Taxes; Loan and Control Accounts 38 2.16. Notification of Advances, Interest Rates, Prepayments and Aggregate Revolving Loan Commitment Reductions 44 2.17. Lending Installations 44 2.18. Non-Receipt of Funds by the Agent 44 2.19. Termination Date 45 2.20. Replacement of Certain Lenders 45 2.21. Alternate Currency Loans 46 2.22. Judgment Currency 48 2.23. Market Disruption; Denomination of Amounts in Dollars; Dollar Equivalent of Reimbursement Obligations 48 2.24. Payments 16 2.7 Requirements to be Free and Clear 49 2.25. Additional Borrowers 50 2.26. Increase of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases Aggregate Revolving Loan Commitment 51 ARTICLE III: THE LETTER OF CREDIT FACILITY 52 3.1. Obligation to Issue Letters of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Credit 52

TABLE OF CONTENTS. Section SECTION 1 - RECITALS 1 SECTION 2 DEFINITIONS 1 1.1 Defined Terms 1 1.2 SECTION 3 LOAN TERMS 22 3.1 Commitments, Loans and Notes 22 3.2 Interest Rates, Late Charges 23 3.3 Payments 25 3.4 Prepayments 25 3.5 Intentionally Deleted. 25 3.6 Payments, Fees and Other Definitional General Provisions 12 Section 2 - 25 3.7 Defaulting Lenders. 29 3.8 Divisions 30 3.9 Taxes. 30 3.10 Funding Losses; Replacement of Lenders. 33 3.11 Benchmark Replacement Setting; Benchmark Conforming Changes 36 SECTION 4 CONDITIONS TO LOAN OPENING DATE 37 4.1 The Loan Documents. The Loan Documents. 37 4.2 Survey 37 4.3 Insurance 38 4.4 Title Policy 38 4.5 Title Documents 39 4.6 Recorded Documents 39 4.7 Searches 39 4.8 Opinions 39 4.9 Flood Hazards 39 4.10 Organizational Documents 39 4.11 Environmental Report 40 4.12 No Material Adverse Occurrences 40 4.13 Appraisal 40 4.14 Intentionally Deleted. 40 4.15 Leases 40 4.16 SNDAs and Tenant Estoppels 40 4.17 Rent Roll 40 4.18 Intentionally Deleted. 40 4.19 Rate Management Agreement 40 4.20 Intentionally Deleted. 40 4.21 Intentionally Deleted 40 4.22 Property Management Contract 40 4.23 Estoppels 41 4.24 Certificate of Beneficial Ownership 41 4.25 Post-Closing Items. 41 SECTION 5 DISBURSEMENT OF THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - LOAN 41 5.1 Conditions Precedent in General 41 SECTION 6 REPRESENTATIONS AND WARRANTIES 22 3.1 42 6.1 Organization of Parties 42 6.2 Title 42 6.3 Declaration 42 6.4 Validity and Enforceability of Documents 42 6.5 Litigation and Liens 43 6.6 Utilities; Authorities 43 6.7 Solvency 43 6.8 Financial Condition 22 3.2 No Change 22 3.3 Existence; Statements 43 6.9 Compliance with Law 22 3.4 PowerLaws 43 6.10 Event of Default 44 6.11 Leases 44 6.12 Additional Agreements 44 6.13 Separate Tax Parcel 44 6.14 Rent Roll 44 SECTION 7 BORROWER'S COVENANTS; AuthorizationSECURITY INTERESTS 44 7.1 Compliance with Laws 44 7.2 Inspection 44 7.3 Appraisal 45 7.4 Liens 45 7.5 Concerning the Premises. 45 7.6 Financial Statements; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Reports 46 7.7 Affirmation of Representations and Warranties 46 7.8 Taxes and Assessments 47 7.9 Proceedings Affecting Property 47 7.10 Disposal and Encumbrance of Property 47 7.11 Insurance. 47 7.12 Performance of Obligations; Notice of Default 23 3.8 Ownership 49 7.13 Restrictions Affecting Obligors 49 7.14 Use of PropertyReceipts; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Bank Accounts; Limitation on Distributions 49 7.15 Additional Documents 50 7.16 Ineligible Securities 51 7.17 Patriot Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Sanctions; Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 CertificatesCorruption; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Beneficial Ownership. 51 7.18 Loan Expenses 51 7.19 Management 51 7.20 Single Asset Entity 52 7.21 No Debt 52 7.22 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, EtcLoan Advances 52 7.23 Financial Covenants. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3252 7.24 Approved Leases. 53 7.25 Reserved 55 7.26 Cash Management. 55

TABLE OF CONTENTS. LIEN SUBORDINATION AND INTERCREDITOR AGREEMENT 1 RECITALS 1 Section 1 - DEFINITIONS 1 1. Definitions. 2 1.1 Defined Terms 1 2 1.2 Other Definitional Provisions Terms Generally 10 Section 2. Payment Subordination and Payment Block. 11 2.1 Subordination of Junior Lien Obligations to Senior Lien Obligations 11 2.2 Junior Lien Obligations Payment Restrictions. 11 2.3 Junior Lien Obligations Standstill Provisions. 12 2.4 Liquidation, Dissolution, Bankruptcy. 12 Section 2 - THE INVESTMENTS 3. Lien Priorities. 13 2.1 Purchaser’s Investment Limits 3.1 Relative Priorities 13 2.2 Procedure for Making Purchases 3.2 Prohibition on Contesting Liens; No Marshaling 13 2.3 Sale and Assignment 3.3 No New Liens 14 3.4 Perfection of Liens 15 2.4 Fees 3.5 Nature of Senior Lien Obligations 15 2.5 Computation and Section 4. Enforcement. 15 4.1 Exercise of Remedies. 15 4.2 Actions Upon Breach; Specific Performance 18 Section 5. Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records . 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 5.1 Application of Collections Proceeds 19 5.2 Payments Over. 19 5.3 Releases. 20 5.4 Insurance 21 5.5 Amendments to Senior Lien Documents and Junior Lien Documents. 21 5.6 Confirmation of Subordination in Junior Lien Collateral Documents 22 5.7 Gratuitous Bailee/Agent for Perfection; Rights of Initial Senior Collateral Agent and Initial Senior Lien Representative. 23 5.8 When Discharge of Obligations Deemed to Not Have Occurred 24 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 6. Insolvency or Liquidation Proceedings. 24 6.1 Finance and Sale Issues 24 6.2 Relief from the Automatic Stay 25 6.3 Adequate Protection. 25 6.4 No Waiver 26 6.5 Avoidance Issues 27 6.6 Reorganization Securities 27 6.7 Post-Petition Interest. 27 6.8 Waiver 27 6.9 Separate Grants of Security and Separate Classification 27 6.10 Effectiveness in Insolvency or Liquidation Proceedings 28 Section 7. Reliance; Waivers. 28 7.1 Reliance 28 7.2 No Warranties or Liability 28 7.3 No Waiver of Lien Priorities. 29 7.4 Obligations Unconditional 30 Section 8. Miscellaneous. 31 8.1 Integration/Conflicts 31 8.2 Effectiveness; Continuing Nature of this Agreement; Severability 31 8.3 Amendments; Waivers. 31 8.4 Information Concerning Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment the Company Act; Other Regulations 24 3.12 Accuracy and its Subsidiaries 32 8.5 Subrogation 32 8.6 Application of Information, etcPayments 32 8.7 Additional Senior Lien Claims and Additional Junior Debt. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3233

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 ARTICLE I THE MERGER 2 1.1 Defined Terms 1 The Merger 2 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale Closing Deliveries 3 1.3 Effect on Capital Stock and Assignment Options 6 1.4 Payment Procedures 9 1.5 No Further Ownership Rights in the Company Capital Stock, Company Options or Company Warrants 11 1.6 Company Net Working Capital, Company Debt, Company Cash and Transaction Expenses Adjustment 11 1.7 Tax Consequences 14 1.8 Certain Taxes 14 1.9 Withholding Rights 14 1.10 Further Action 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - ARTICLE II REPRESENTATIONS AND WARRANTIES 22 3.1 OF THE COMPANY 15 2.1 Organization, Standing, Power and Subsidiaries 15 2.2 Capital Structure 15 2.3 Authority; Non-contravention 18 2.4 Financial Condition 22 3.2 Statements; No Change 22 3.3 Existence; Undisclosed Liabilities. 19 2.5 Absence of Changes 20 2.6 Litigation 20 2.7 Restrictions on Business Activities 20 2.8 Compliance with Laws; Governmental Permits 21 2.9 Title to, Condition and Sufficiency of Tangible Assets; Real Property 21 2.10 Intellectual Property. 21 2.11 Taxes. 30 2.12 Employee Benefit Plans and Employee Matters 33 2.13 Interested-Party Transactions 38 2.14 Insurance 38 2.15 Books and Records 38 2.16 Material Contracts. 38 2.17 Transaction Fees 41 2.18 Anti-Corruption Law 22 41 2.19 Environmental, Health and Safety Matters 42 2.20 Export Control and Sanctions Laws 42 2.21 Buyers and Sellers 42 2.22 Suppliers and Vendors 43 ARTICLE III REPRESENTATIONS AND WARRANTIES OF ACQUIRER AND MERGER SUB 43 3.1 Organization and Standing 43 3.2 Authority; Non-contravention 43 3.3 Litigation 44 3.4 PowerTransaction Fees 44 3.5 Solvency 44 3.6 Financial Capability 44 3.7 Investment Representation 44 3.8 Board and Stockholder Approvals 44 3.9 Operation of Merger Sub 45 ARTICLE IV CONDUCT PRIOR TO THE EFFECTIVE TIME 45 4.1 Conduct of the Business; AuthorizationNotices 45 4.2 Restrictions on Conduct of the Business 45 4.3 Certain Limitations 48 ARTICLE V ADDITIONAL AGREEMENTS 49 5.1 Board Recommendation, Stockholder Approval and Stockholder Notice 49 5.2 No Solicitation 50 5.3 Confidentiality; Enforceable Public Disclosure 50 5.4 Reasonable Best Efforts 51 5.5 Third-Party Consents; Notices 53 5.6 Litigation 53 5.7 Access to Information 53 5.8 Spreadsheet 54 5.9 Expenses; Company Debt 55 5.10 Employees 55 5.11 Termination of 401(k) Plan and Company Option Plan 56 5.12 Waivers for Promised Company Options 57 5.13 Certain Closing Certificates and Documents 57 5.14 Tax Matters. 57 5.15 280G Stockholder Approval 59 5.16 Directors and Officers 59 5.17 Notification 61 5.18 Contact with Business Relations 61 5.19 Intellectual Property Matters 61 5.20 Acquirer RSUs 61 ARTICLE VI CONDITIONS TO THE MERGER 62 6.1 Conditions to Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Each Party to Effect the Merger 62 6.2 Additional Conditions to Obligations of the Company Act62 6.3 Additional Conditions to the Obligations of Acquirer 63 6.4 Waiver of Conditions 64 ARTICLE VII TERMINATION 64 7.1 Termination 64 7.2 Effect of Termination 65 ARTICLE VIII ESCROW FUND AND INDEMNIFICATION 65 8.1 Escrow Fund 65 8.2 Indemnification 66 8.3 Indemnifiable Damage Threshold; Other Regulations 24 3.12 Accuracy Limitations 67 8.4 Period for Claims 70 8.5 Claims 70 8.6 Resolution of InformationObjections to Claims 71 8.7 Securityholders’ Agent 72 8.8 Third-Party Claims 74 8.9 Treatment of Indemnification Payments 75 8.10 No Other Representations or Warranties 75 ARTICLE IX GENERAL PROVISIONS 76 9.1 Survival of Representations, etcWarranties and Covenants 76 9.2 Notices 76 9.3 Interpretation 77 9.4 Company Disclosure Letter 78 9.5 Amendment 79 9.6 Extension; Waiver 79 9.7 Counterparts 79 9.8 Entire Agreement; Parties in Interest 79 9.9 Assignment 80 9.10 Severability 80 9.11 Remedies Cumulative; Specific Performance 80 9.12 Arbitration; Submission to Jurisdiction; Consent to Service of Process. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place 80 9.13 Governing Law 81 9.14 Rules of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering Construction 81 9.15 WAIVER OF JURY TRIAL 81 9.16 Retention of Counsel 81 9.17 Protected Communications 82 9.18 No Waiver of Privilege, Protection from Disclosure or Use 82 9.19 Non-Recourse 82 Exhibits Exhibit A - Definitions Exhibit B - Form of Transitional Employee Non-Competition Agreement Exhibit C - Form of Named Employee Non-Competition Agreement Exhibit D - Form of Written Consent Exhibit E - Form of Stockholder Agreement Exhibit F - Form of Certificate of Merger Exhibit G - Form of Paying Agent Agreement Exhibit H - Form of Company Closing Officer Certificate Exhibit I - Form of Resignation Letter Exhibit J-1 - Form of FIRPTA Notice Exhibit J-2 - Form of FIRPTA Notification Letter Exhibit K - Form of Parachute Payment Waiver Exhibit L - Form of Warrant Waiver Exhibit M Form of CME Commercial Agreement Exhibit N - Form of Letter of Transmittal Exhibit O - Form of Option Waiver Exhibit P - Form of Assignment of Intellectual Property Exhibit Q - Form of Promised Option Release Exhibit R - Form of Escrow Agreement Schedules Company Disclosure Letter Schedule 1.2(b)(iv) - Consenting Stockholders Schedule 1.2(b)(xiv) - Contracts to be Amended, Noticed or Terminated Schedule 5.8(viii) - Acquirer RSU Calculation Methodology Schedule 5.16(a) - Indemnification Agreements Schedule 5.19(b) - Confirmatory Assignments Schedule 6.3(g) - Named Employees Schedule 8.2(a)(ix) - Other Indemnity Matters AGREEMENT AND PLAN OF MERGER THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”) is made and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment entered into as of Obligations 30 5.4 Maintenance July 21, 2019 (the “Agreement Date”), by and among Etsy, Inc., a Delaware corporation (“Acquirer”), Xxxxxxx Acquisition Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books Acquirer (“Merger Sub”), Reverb Holdings, Inc., a Delaware corporation (the “Company”), and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 OfficesFortis Advisors LLC, Recordsa Delaware limited liability company, Books of Account 31 5.12 Sales, Liens, Etcas the securityholders’ agent (the “Securityholders’ Agent”). 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Certain other capitalized terms used herein are defined in Exhibit A.

TABLE OF CONTENTS. Section 1 - PAGE ARTICLE I DEFINITIONS 1 1.1 SECTION 1.01. Defined Terms 1 1.2 SECTION 1.02. Classification of Loans and Borrowings 83 SECTION 1.03. Terms Generally 84 SECTION 1.04. Accounting Terms; GAAP 85 SECTION 1.05. Currency Translation 85 SECTION 1.06. [Reserved] 86 SECTION 1.07. Rounding 86 SECTION 1.08. Times of Day 86 SECTION 1.09. Timing of Payment or Performance 86 SECTION 1.10. Limited Condition Transactions 86 SECTION 1.11. Pro Forma and Other Definitional Provisions 12 Section 2 - Calculations 88 SECTION 1.12. Divisions 91 SECTION 1.13. Interest Rates 91 ARTICLE II THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure CREDITS 92 SECTION 2.01. Commitments 92 SECTION 2.02. Loans and Borrowings 92 SECTION 2.03. Requests for Making Purchases 13 2.3 Sale Borrowings 92 SECTION 2.04. [Reserved] 93 SECTION 2.05. Letters of Credit 93 SECTION 2.06. Funding of Borrowings 98 SECTION 2.07. Interest Elections 99 SECTION 2.08. Termination and Assignment 15 2.4 Reduction of Commitments 100 SECTION 2.09. Repayment of Loans; Evidence of Debt 101 SECTION 2.10. Amortization of Term Loans 102 SECTION 2.11. Prepayment of Loans 102 SECTION 2.12. Fees 15 2.5 Computation and Payments113 SECTION 2.13. Interest 114 SECTION 2.14. Alternate Rate of Interest 115 SECTION 2.15. Increased Costs 117 SECTION 2.16. Break Funding Payments 118 SECTION 2.17. Taxes 118 SECTION 2.18. Payments Generally; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements Treatment; Sharing of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases Setoffs 122 SECTION 2.19. Mitigation Obligations; Replacement of Purchased Assets: Deemed Collections 20 2.13 Application Lenders 124 SECTION 2.20. Incremental Credit Extensions 125 SECTION 2.21. Maturity Extension 130 SECTION 2.22. Defaulting Lenders 134 SECTION 2.23. Illegality 135 SECTION 2.24. Term Loan Exchange Notes 136 SECTION 2.25. Appointment of Collections 21 Section 3 - Borrower 138 ARTICLE III REPRESENTATIONS AND WARRANTIES 22 3.1 139 SECTION 3.01. Organization; Powers 139 SECTION 3.02. Authorization 139 SECTION 3.03. Enforceability 139 SECTION 3.04. Governmental Approvals 139 SECTION 3.05. Financial Condition 22 3.2 Statements 139 SECTION 3.06. No Material Adverse Change 22 3.3 Existenceor Material Adverse Effect 140 SECTION 3.07. Title to Properties 140 SECTION 3.08. Subsidiaries 140 SECTION 3.09. Litigation; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 Laws 140 SECTION 3.10. Federal Reserve Regulations 140 SECTION 3.11. Investment Company Act 141 SECTION 3.12. Use of Proceeds 141 SECTION 3.13. Taxes 141 SECTION 3.14. No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Material Misstatements 141 SECTION 3.15. ERISA 142 SECTION 3.16. Environmental Matters 142 SECTION 3.17. Security Documents 142 SECTION 3.18. Solvency 143 SECTION 3.19. Labor Matters 143 SECTION 3.20. Senior Debt 143 SECTION 3.21. Intellectual Property; Liens 24 3.9 Licenses, Etc. 144 SECTION 3.22. Anti-Corruption, Anti-Money Laundering and Economic Sanctions Laws 144 ARTICLE IV CONDITIONS 145 SECTION 4.01. Effective Date 145 SECTION 4.02. Each Credit Event 146 ARTICLE V AFFIRMATIVE COVENANTS 147 SECTION 5.01. Financial Statements and Other Information 147 SECTION 5.02. Existence; Business and Properties 150 SECTION 5.03. Insurance 150 SECTION 5.04. Payment of Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Informationand Obligations, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place 151 SECTION 5.05. Notices of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Material Events 151 SECTION 5.06. Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and 152 SECTION 5.07. Maintaining Records; Discussions 30 5.7 Notices 30 5.8 Access to Properties and Inspections 152 SECTION 5.08. Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 152 SECTION 5.09. Compliance with Environmental Laws 152 SECTION 5.10. Additional Subsidiaries 153 SECTION 5.11. Further Assurances 31 5.11 Offices153 SECTION 5.12. Maintenance of Ratings 154 SECTION 5.13. Designation of Subsidiaries 154 SECTION 5.14. Certain Post-Closing Obligations 154 SECTION 5.15. Business of the Borrower and the Restricted Subsidiaries 154 SECTION 5.16. Fiscal Year 155 ARTICLE VI NEGATIVE COVENANTS 155 SECTION 6.01. Indebtedness 155 SECTION 6.02. Liens 163 SECTION 6.03. [Reserved] 169 SECTION 6.04. Investments, Records, Books Loans and Advances 170 SECTION 6.05. Fundamental Changes 174 SECTION 6.06. Limitation on Sale of Account 31 5.12 Sales, LiensAssets 176 SECTION 6.07. Limitations on Restricted Payments 180 SECTION 6.08. Transactions with Affiliates 186 SECTION 6.09. [Reserved] 188 SECTION 6.10. Limitation on Modifications and Payments of Junior Debt; Restrictive Agreements 188 SECTION 6.11. Consolidated Leverage Ratio 192 ARTICLE VII EVENTS OF DEFAULT 193 SECTION 7.01. Events of Default 193 SECTION 7.02. Right to Cure 195 ARTICLE VIII ADMINISTRATIVE AGENT 197 SECTION 8.01. Appointment and Authority 197 SECTION 8.02. Rights as a Lender 198 SECTION 8.03. Exculpatory Provisions 198 SECTION 8.04. Reliance by Administrative Agent 199 SECTION 8.05. Delegation of Duties 200 SECTION 8.06. Resignation of Administrative Agent 200 SECTION 8.07. Non-Reliance on Administrative Agent and Other Lenders 201 SECTION 8.08. No Other Duties, Etc. 32 5.13 Extension 201 SECTION 8.09. Administrative Agent May File Proofs of Claim; Credit Bidding 202 SECTION 8.10. No Waiver; Cumulative Remedies; Enforcement 203 SECTION 8.11. Authorization to Release Liens and Guarantees 204 SECTION 8.12. Intercreditor Agreements 204 SECTION 8.13. Secured Cash Management Obligations and Secured Swap Obligation 204 SECTION 8.14. Certain ERISA Matters 205 SECTION 8.15. Recovery of Erroneous Payments 206 ARTICLE IX MISCELLANEOUS 206 SECTION 9.01. Notices 206 SECTION 9.02. Waivers; Amendments 208 SECTION 9.03. Expenses; Indemnity; Damage Waiver 212 SECTION 9.04. Successors and Assigns 214 SECTION 9.05. Survival 219 SECTION 9.06. Counterparts; Integration; Effectiveness; Electronic Execution of Assignments and Certain Other Documents 219 SECTION 9.07. Severability 220 SECTION 9.08. Right of Setoff 220 SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process 220 SECTION 9.10. WAIVER OF JURY TRIAL 222 SECTION 9.11. Headings 222 SECTION 9.12. Confidentiality 222 SECTION 9.13. USA PATRIOT Act; Beneficial Ownership Regulations 223 SECTION 9.14. Judgment Currency 223 SECTION 9.15. Release of Liens and Guarantees 224 SECTION 9.16. No Advisory or Amendment Fiduciary Responsibility 225 SECTION 9.17. Interest Rate Limitation 226 SECTION 9.18. Additional Secured Indebtedness 226 SECTION 9.19. Acknowledgement and Consent to Bail-In of Receivables 32 Affected Financial Institutions 227 SECTION 9.20. Acknowledgement Regarding Any Supported QFCs 227 SCHEDULES: Schedule 1.02 — Existing Letters of Credit Schedule 2.01 — Commitments Schedule 3.08 — Subsidiaries Schedule 5.14 Status — Certain Post-Closing Obligations Schedule 6.01 — Existing Indebtedness Schedule 6.02 — Existing Liens Schedule 6.04 — Existing Investments Schedule 6.06 — Asset Sales Schedule 6.08 — Existing Affiliate Transactions Schedule 6.10 — Existing Restrictions Schedule 9.01 — Notices EXHIBITS: Exhibit A-1 — Form of Scheduled Receivables 32Assignment and Assumption Exhibit A-2 — Form of Assignment and Assumption (Affiliated Lender) Exhibit B-1 — Form of Loan Guaranty Exhibit B-2 — Form of Pledge and Security Agreement Exhibit C — Form of Perfection Certificate Exhibit D — Form of Term Note Exhibit E — Form of Revolving Note Exhibit F — Form of Closing Certificate Exhibit G — Form of Solvency Certificate Exhibit H — Form of Specified Discount Prepayment Notice Exhibit I — Form of Specified Discount Prepayment Response Exhibit J — Form of Discount Range Prepayment Notice Exhibit K — Form of Discount Range Prepayment Offer Exhibit L — Form of Solicited Discounted Prepayment Notice Exhibit M — Form of Solicited Discounted Prepayment Offer Exhibit N — Form of Acceptance and Prepayment Notice Exhibit O-1 — Form of Tax Certificate for Non-U.S. Lenders that are not Partnerships Exhibit O-2 — Form of Tax Certificate for Non-U.S. Lenders that are Partnerships Exhibit O-3 — Form of Tax Certificate for Non-U.S. Participants that are not Partnerships Exhibit O-4 — Form of Tax Certificate for Non-U.S. Participants that are Partnerships Exhibit P — Form of Intercompany Subordinated Note Exhibit Q-1 — Form of Equal Priority Intercreditor Agreement Exhibit Q-2 — Form of Junior Priority Intercreditor Agreement Exhibit R — Form of Notice of Borrowing/Interest Election Request Exhibit S — Form of Notice of Prepayment CREDIT AGREEMENT dated as of April 13, 2021 (this “Agreement”), among WW INTERNATIONAL, INC., a Virginia corporation (the “Borrower”; as hereinafter further defined), the LENDERS (as hereinafter defined) party hereto and BANK OF AMERICA, N.A., as the Administrative Agent and an Issuing Bank. The parties hereto agree as follows:

TABLE OF CONTENTS. Section 1 - ARTICLE I DEFINITIONS 1 1.1 Section 1.01. Defined Terms 1 1.2 Section 1.02. Other Definitional Provisions 12 28 ARTICLE II AMOUNT AND TERMS OF COMMITMENTS 28 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 2.01. Term Commitments 28 Section 2.02. Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Term Loan Borrowing 29 Section 2.03. Repayment of Term Loans 29 Section 2.04. Revolving Commitments 30 Section 2.05. Procedure for Revolving Loan Borrowing 31 Section 2.06. Commitment Fees 15 2.6 31 Section 2.07. Termination or Reduction of Revolving Commitments 31 Section 2.08. Optional Prepayments 32 Section 2.09. Mandatory Prepayments and Commitment Reductions 32 Section 2.10. Conversion and Continuation Options 33 Section 2.11. Limitations on Eurodollar Tranches 33 Section 2.12. Interest Rates and Payment Dates 34 Section 2.13. Computation of Interest and Fees 34 Section 2.14. Inability to Determine Interest Rate 35 Section 2.15. Pro Rata Treatment and Payments 16 2.7 Requirements 35 Section 2.16. Illegality 37 Section 2.17. Increased Costs 38 Section 2.18. Taxes 39 Section 2.19. Mitigation Obligations; Replacement of Law 16 2.8 Taxes 17 2.9 Lenders; Designation of a Different Lending Office 42 Section 2.20. Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases 43 Section 2.21. Use of Purchased Assets: Deemed Collections 20 2.13 Application Proceeds 44 Section 2.22. Evidence of Collections 21 Debt 44 Section 3 - 2.23. Borrower Representative 45 Section 2.24. Joint and Several Liability of Borrowers 46 Section 2.25. Defaulting Lenders 48 ARTICLE III CONDITIONS PRECEDENT 49 Section 3.01. Initial Loans 49 Section 3.02. Conditions to Each Loan 52 TABLE OF CONTENTS ARTICLE IV REPRESENTATIONS AND WARRANTIES 22 3.1 52 Section 4.01. Financial Condition 22 3.2 52 Section 4.02. No Change 22 3.3 53 Section 4.03. Corporate Existence; Compliance with Law 22 3.4 53 Section 4.04. Corporate Power; Authorization; Enforceable Obligations 23 3.5 53 Section 4.05. No Legal Bar 23 3.6 54 Section 4.06. Litigation 23 3.7 54 Section 4.07. No Default 23 3.8 54 Section 4.08. Ownership of Property; Liens 24 3.9 54 Section 4.09. Intellectual Property 54 Section 4.10. Taxes 24 3.10 55 Section 4.11. Federal Regulations 24 3.11 55 Section 4.12. Labor Matters 55 Section 4.13. ERISA 55 Section 4.14. Investment Company Act; Other Regulations 24 3.12 55 Section 4.15. Wholly Owned Subsidiaries 56 Section 4.16. Environmental Matters 56 Section 4.17. Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 57 Section 4.18. Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 57 Section 4.19. Solvency 58 Section 4.20. Senior Indebtedness 58 Section 4.21. Certain Documents 58 Section 4.22. Material Contracts 58 Section 4.23. Insurance 58 Section 4.24. Foreign Assets Control Regulations; etc. 58 Section 4.25. Compliance with Money Laundering and Anti-Terrorist Health Care Laws 25 59 ARTICLE V AFFIRMATIVE COVENANTS 59 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 5.01. Financial Statements 29 5.2 59 Section 5.02. Certificates; Other Information 29 5.3 60 Section 5.03. Payment of Obligations 30 5.4 62 Section 5.04. Maintenance of Existence; Compliance 30 5.5 62 Section 5.05. Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3262

TABLE OF CONTENTS. Section ARTICLE I DEFINITIONS AND ACCOUNTING TERMS 1 - DEFINITIONS 1 1.1 1.01. Defined Terms 1 1.2 1.02. Other Definitional Interpretive Provisions 12 Section 2 - 40 1.03. Accounting Terms 41 1.04. Uniform Commercial Code 42 1.05. Reserved 42 1.06. Foreign Currency 43 1.07. Times of Day 43 ARTICLE II THE INVESTMENTS 13 2.1 PurchaserCOMMITMENTS AND CREDIT EXTENSIONS 43 2.01. Loan Commitments 43 2.02. Borrowings, Conversions and Continuations of Loans 43 2.03. Letters of Credit 45 2.04. Swing Line Loans 52 2.05. Repayment of Loans 55 2.06. Prepayments 56 2.07. Termination or Reduction of Commitments 60 2.08. Interest 60 2.09. Fees 61 2.10. Computation of Interest and Fees 62 2.11. Evidence of Debt 62 2.12. Payments Generally; Administrative Agent’s Investment Limits 13 2.2 Procedure Clawback 63 2.13. Sharing of Payments by Lenders 64 2.14. Settlement Among Lenders 65 2.15. Nature and Extent of Each Borrower’s Liability 66 2.16. Cash Collateral 67 2.17. Defaulting Lenders 68 2.18. Increase in Revolving Credit Commitments or Term Loan Facility 70 2.19. Prepayments Below Par 74 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 77 3.01. Taxes 77 3.02. Illegality 81 3.03. Inability to Determine Rates 81 3.04. Increased Costs; Reserves on Eurodollar Rate Loans 82 3.05. Compensation for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements Losses 84 3.06. Reimbursement 84 3.07. Mitigation Obligations 84 3.08. Survival 85 ARTICLE IV CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 85 4.01. Conditions of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - Initial Credit Extension 85 4.02. Conditions to all Credit Extensions 88 ARTICLE V REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 89 5.01. Existence; Compliance with Law 22 3.4 Power; , Qualification and Power 89 5.02. Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Contravention; Consents 89 5.03. Binding Effect 90 5.04. Financial Statements; No Material Adverse Effect 90 5.05. Litigation 23 3.7 90 5.06. No Default 23 3.8 90 5.07. Ownership of Property; Liens 24 3.9 90 5.08. Environmental Compliance 91 5.09. Insurance and Casualty 92 5.10. Taxes 24 3.10 Federal Regulations 24 3.11 92 5.11. ERISA Compliance 92 5.12. Subsidiaries; Equity Interests; Capitalization 93 5.13. Margin Regulations; Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etcAct 93 5.14. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Disclosure 93 5.15. Compliance with Money Laundering and Laws; Anti-Terrorist Terrorism Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - and Foreign Asset Control Regulations 94 5.16. Labor Matters 94 5.17. Brokers 95 5.18. Intellectual Property 95 5.19. Senior Indebtedness 95 ARTICLE VI AFFIRMATIVE COVENANTS 29 5.1 95 6.01. Financial Statements 29 5.2 Certificates; 95 6.02. Other Information 29 5.3 97 6.03. Notices 98 6.04. Payment of Obligations 30 5.4 Maintenance Taxes and Assessments 99 6.05. Preservation of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment 99 6.06. Maintenance of Receivables 32 5.14 Status Properties 99 6.07. Maintenance of Scheduled Receivables 32Insurance; Business Interruption Proceeds 99

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 1. Commencement Date of Term 5 2. Rent 6 3. Additional Rent 7 4. Repairs and Maintenance Obligations of Tenant 10 5. Repairs and Maintenance Obligation of Landlord 11 6. Utilities and Personal Property Taxes 12 Section 2 - THE INVESTMENTS 7. Glass, Damage by Tenant 13 2.1 Purchaser8. Use of Premises 14 9. Alterations and Improvements 15 10. Laws and Ordinances 19 11. Insurance 21 12. Landlord's Liability 24 13. Default of Landlord 25 14. Default of Tenant 25 15. Access to Premises 29 16. Hold Harmless 29 17. Assignment or Sublease 30 18. Condemnation 31 19. Fire or Casualty Loss 32 20. Estoppel Certificate 33 21. Signage 34 22. Brokerage Commission 34 23. Unavoidable Delays 34 24. Subordination 35 25. Security Deposit 36 26. Intentionally Omitted 37 27. Intentionally Omitted 37 28. Environmental Covenants 37 29. Auction Sales 39 30. Holding Over 39 31. Quiet Possession 40 32. Representations and Warranties of Landlord 40 33. Notices 41 34. Parties Bound 42 35. Abandoned Personal Property 42 36. Article Headings 43 37. Governing Law 43 38. Letter of Acceptance 43 39. Tenant’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements Right to Lease Unit B 43 40. Options to Renew 44 41. Conditional Right of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 First Offer on Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application Landlord’s Premise 45 42. Intentionally Deleted 45 43. Mobile Data Center 45 44. Rooftop Rights 46 45. Redundant Conduit Line 47 46. Supplemental HVAC 48 47. Venting 49 48. Grounding of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etcEquipment 49 49. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Backup Electrical Generators 49 50. Due Execution 50 51. Payment of Obligations 30 5.4 Maintenance Tenant’s Legal Costs Under Special Circumstances 50 LEASE AGREEMENT THIS AGREEMENT, made this 19th day of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books January, 2005, By and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 OfficesBetween: 410 COMMERCE, RecordsL.L.C., Books of Account 31 5.12 Salesc/o Russo Development, LiensLLC., Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3200 Xxxxxx Xxxxxx, Hackensack, New Jersey 07601 (hereinafter referred to as “Landlord”), and SUNGARD AVAILABILITY SERVICES LP, 000 Xxxx Xxxxxxxxxx Xxxx, Xxxxx, Pennsylvania 19087 (hereinafter referred to as “Tenant”).

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS ARTICLE I REPRESENTATIONS, COVENANTS, AND WARRANTIES 22 3.1 OF HUNNO TECHNOLOGIES, INC. 1.01 Organization 4 1.02 Capitalization 5 1.03 Subsidiaries and Predecessor Corporations 5 1.04 Financial Condition 22 3.2 Statements 5 1.05 Information 6 1.06 Options and Warrants 6 1.07 Absence of Certain Changes or Events 6 1.08 Title and Related Matters 7 1.09 Litigation and Proceedings 8 1.10 Contracts 8 1.11 Material Contract Defaults 9 1.12 No Change 22 3.3 ExistenceConflict With Other Instruments 9 1.13 Governmental Authorizations 9 1.14 Compliance With Laws and Regulations 9 1.15 Insurance 10 1.16 Approval of Agreement 10 1.17 Material Transactions or Affiliations 10 1.18 Labor Relations 10 1.19 Digital Concepts Schedules 10 1.20 Bank Accounts; Power of Attorney 11 1.21 Valid Obligation 12 ARTICLE II REPRESENTATIONS, COVENANTS, AND WARRANTIES OF SKINTEK LABS, INC. 2.01 Organization 13 2.02 Capitalization 13 2.03 Subsidiaries and Predecessor Corporations 13 2.04 Securities Filings; Financial Statements 13 2.05 Information 14 2.06 Options and Warrants 15 2.07 Absence of Certain Changes or Events 15 2.08 Title and Related Matters 16 2.09 Litigation and Proceedings 16 2.10 Contracts 17 2.11 Material Contract Defaults 17 2.12 No Conflict With Other Instruments 18 2.13 Governmental Authorizations 18 2.14 Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership With Laws and Regulations 18 2.15 Insurance 18 2.16 Approval of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place Agreement 18 2.17 Continuity of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 CertificatesEnterprises 18 2.18 Material Transactions or Affiliations 19 2.19 Labor Relations 19 2.20 Skintek Labs Schedules 19 2.21 Bank Accounts; Other Information 29 5.3 Payment Power of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Attorney 21 2.22 Valid Obligation 21 ARTICLE III PLAN OF EXCHANGE

TABLE OF CONTENTS. Section 1 ARTICLE I. - DEFINITIONS 1 1.1 Defined Terms Section 1.1. Definitions 1 1.2 Other Definitional Provisions 12 Section 2 1.2. General; References to Times 26 ARTICLE II. - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale CREDIT FACILITY 27 Section 2.1. Loans 27 Section 2.2. Letters of Credit 28 Section 2.3. Rates and Assignment 15 2.4 Fees 15 2.5 Computation Payment of Interest on Loans 32 Section 2.4. Number of Interest Periods 33 Section 2.5. Repayment of Loans 33 Section 2.6. Prepayments 33 Section 2.7. Continuation 33 Section 2.8. Conversion 34 Section 2.9. Notes 34 Section 2.10. Voluntary Reductions of the Commitment 35 Section 2.11. Expiration or Maturity Date of Letters of Credit Past Termination Date 35 Section 2.12. Amount Limitations 35 Section 2.13. Joint and Payments; Commitment Fees 15 2.6 Several Liability 35 Section 2.14. The Increased Loan Amount 37 Section 2.15. Borrower Representative 39 Section 2.16. Extension of Termination Date 39 ARTICLE III. - PAYMENTS, FEES AND OTHER GENERAL PROVISIONS 40 Section 3.1. Payments 40 Section 3.2. Pro Rata Treatment 40 Section 3.3. Sharing of Payments, Etc. 41 Section 3.4. Several Obligations 41 Section 3.5. Minimum Amounts 41 Section 3.6. Fees 42 Section 3.7. Computations 43 Section 3.8. Usury 43 Section 3.9. Agreement Regarding Interest and Payments 16 2.7 Requirements Charges 43 Section 3.10. Statements of Law 16 2.8 Account 43 Section 3.11. Defaulting Lenders 44 Section 3.12. Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases 45 ARTICLE IV. - YIELD PROTECTION, ETC. 47 Section 4.1. Additional Costs; Capital Adequacy 47 Section 4.2. Suspension of Purchased Assets: Deemed Collections 20 2.13 Application LIBOR Loans 48 Section 4.3. Illegality 49 Section 4.4. Compensation 49 Section 4.5. Affected Lenders 49 Section 4.6. Treatment of Collections 21 Affected Loans 50 Section 3 4.7. Change of Lending Office 50 Section 4.8. Assumptions Concerning Funding of LIBOR Loans 51 ARTICLE V. - CONDITIONS PRECEDENT 51 Section 5.1. Initial Conditions Precedent 51 Section 5.2. Conditions Precedent to All Loans and Letters of Credit 53 ARTICLE VI. - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership 53 Section 6.1. Representations and Warranties 53 Section 6.2. Survival of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering Representations and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, LiensWarranties, Etc. 32 5.13 Extension 59 ARTICLE VII. - AFFIRMATIVE COVENANTS 60 Section 7.1. Preservation of Existence and Similar Matters 60 Section 7.2. Compliance with Applicable Law and Material Contracts 60 Section 7.3. Maintenance of Property 60 Section 7.4. Conduct of Business 61 Section 7.5. Insurance 61 Section 7.6. Payment of Taxes and Claims 61 Section 7.7. Visits and Inspections 61 Section 7.8. Use of Proceeds; Letters of Credit 62 Section 7.9. Environmental Matters 62 Section 7.10. Books and Records 62 Section 7.11. Further Assurances 63 Section 7.12. Replacement or Amendment Addition of Receivables 32 5.14 Unencumbered Properties 63 Section 7.13. Removal of Unencumbered Property 64 Section 7.14. REIT Status 65 Section 7.15. Exchange Listing 65 Section 7.16. Distributions of Scheduled Receivables 32Income to EPR 65 Section 7.17. Failure of Certain Unencumbered Assets Representations and Warranties 65 Section 7.18. Property 65 ARTICLE VIII. - INFORMATION 67 Section 8.1. Financial Statements, Certificates and Information 67 Section 8.2. Other Information 69 ARTICLE IX. - NEGATIVE COVENANTS 70 Section 9.1. Financial Covenants 71 Section 9.2. Distributions 72 Section 9.3. Indebtedness 72 Section 9.4. Permitted Investments 74 Section 9.5. ERISA Exemptions 75 Section 9.6. Liens 76 Section 9.7. Merger, Consolidation, Sales of Assets and Other Arrangements 76 Section 9.8. Fiscal Year 76 Section 9.9. Modifications to Material Contracts 76 Section 9.10. Modifications of Organizational Documents 76 Section 9.11. Transactions with Affiliates 77 ARTICLE X. - DEFAULT 77 Section 10.1. Events of Default 77 Section 10.2. Limitation of Cure Periods 80 Section 10.3. Remedies Upon Default 81 Section 10.4. Allocation of Proceeds 82 Section 10.5. Collateral Account 83 Section 10.6. Performance by Agent 83 Section 10.7. Rights Cumulative 84 ARTICLE XI. - THE AGENT 84 Section 11.1. Authorization and Action 84 Section 11.2. Agent’s Reliance, Etc. 85 Section 11.3. Notice of Defaults 85 Section 11.4. KeyBank as Lender 86 Section 11.5. Approvals of Lenders 86 Section 11.6. Lender Credit Decision, Etc. 86 Section 11.7. Indemnification of Agent 87 Section 11.8. Successor Agent 88 Section 11.9. Titled Agents 88 ARTICLE XII. - MISCELLANEOUS 89 Section 12.1. Notices 89 Section 12.2. Expenses 90 Section 12.3. Setoff 91 Section 12.4. Litigation; Jurisdiction; Other Matters; Waivers 91 Section 12.5. Successors and Assigns 92 Section 12.6. Amendments 94 Section 12.7. Nonliability of Agent and Lenders 96 Section 12.8. Confidentiality 96 Section 12.9. Indemnification 97 Section 12.10. Termination; Survival 99 Section 12.11. Severability of Provisions 99 Section 12.12. GOVERNING LAW 100 Section 12.13. Patriot Act 100 Section 12.14. Counterparts 100 Section 12.15. Obligations with Respect to Borrowers 100 Section 12.16. Limitation of Liability 100 Section 12.17. Entire Agreement 100 Section 12.18. Construction 101 SCHEDULE 1.1(A) Initial Subsidiary Borrowers SCHEDULE 1.1(B) Initial Eligible Real Estate SCHEDULE 2 Eligible Real Estate Qualification Documents SCHEDULE 6.1.(b) Ownership Structure SCHEDULE 6.1.(f) Title to Properties; Liens SCHEDULE 6.1.(g) Indebtedness and Guaranties SCHEDULE 6.1.(h) Material Contracts SCHEDULE 6.1.(i) Litigation EXHIBIT A Form of Assignment and Assumption Agreement EXHIBIT B Form of Notice of Borrowing EXHIBIT C Form of Notice of Continuation EXHIBIT D Form of Notice of Conversion EXHIBIT E Form of Note EXHIBIT F Form of Compliance Certificate EXHIBIT G Form of Availability Certificate EXHIBIT H Form of Joinder Agreement AMENDED AND RESTATED CREDIT AGREEMENT THIS AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) dated as of October 13, 2011 by and among ENTERTAINMENT PROPERTIES TRUST, a Maryland real estate investment trust (“EPR”), the Subsidiary Borrowers (as defined herein), the Lenders (as defined herein) and KEYBANK, NATIONAL ASSOCIATION, as administrative agent (“Keybank” and/or the “Agent”), XX XXXXXX XXXXX BANK, N.A. and RBC CAPITAL MARKETS CORPORATION, as co-syndication agents (the “Syndication Agents”), and each of KEYBANC CAPITAL MARKETS, LLC, X.X. XXXXXX SECURITIES, INC. and RBC CAPITAL MARKETS CORPORATION, as joint lead arrangers and joint book runners (each as “Arrangers”), and each of the financial institutions initially a signatory hereto together with their assignees pursuant to Section 12.5.(d). EPR and the Subsidiary Borrowers are each referred to herein as a “Borrower” and are collectively referred to herein as the “Borrowers.”

TABLE OF CONTENTS. Section 1 - ARTICLE I DEFINITIONS 1 1.1 1.01 Defined Terms 1 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 1.02 Accounting Principles 15 ARTICLE II LOANS AND OVERDRAFTS 15 2.01 Amounts and Terms of Commitment 15 2.02 Procedure for Making Purchases 13 2.3 Sale Incurring Loans 17 2.03 Conversion and Assignment 15 2.4 Continuation Elections with Respect to Outstanding Loans 17 2.04 Termination or Reduction of the Commitment 18 2.05 Optional Prepayments 18 2.06 Repayment of Principal 18 2.07 Interest and Utilization Fee 19 2.08 Fees 15 2.5 20 2.09 Computation of Fees and PaymentsInterest 21 2.10 Payments by the Borrowers 21 ARTICLE III LETTERS OF CREDIT 22 3.01 The Letters of Credit Commitment 22 3.02 Terms of the Letters of Credit 23 3.03 Procedure for Issuance of the Letters of Credit 23 3.04 Drawings and Reimbursements 24 3.05 Reimbursement Obligations Absolute 24 ARTICLE IV TAXES, YIELD PROTECTION AND ILLEGALITY 25 4.01 Taxes 25 4.02 Illegality 27 4.03 Increased Costs and Reduction of Return; Commitment Fees 15 2.6 Pro Rata Treatment Additional Interest on LIBOR Rate Loans 27 4.04 Funding Losses 28 4.05 Inability to Determine Rates 29 4.06 Certificate of the Bank 29 4.07 Survival 29 ARTICLE V CONDITIONS PRECEDENT 30 5.01 Conditions to Effectiveness of this Agreement 30 5.02 Conditions to Subsequent Advances and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - Allocations 31 ARTICLE VI REPRESENTATIONS AND WARRANTIES 22 3.1 31 6.01 Corporate Existence 31 6.02 Non-Contravention 32 6.03 No Consent 32 6.04 Binding Obligations 32 6.05 Title to Properties 32 6.06 Subsidiaries 32 6.07 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Statements 32 6.08 Litigation 23 3.7 33 6.09 Taxes 33 6.10 ERISA 33 6.11 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 34 6.12 Federal Reserve Regulations 24 3.11 34 6.13 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Act 34

TABLE OF CONTENTS. (This Table of Contents is not part of this Loan Agreement and is for convenience of reference only) PREAMBLE 1 ARTICLE I DEFINITIONS 2 ARTICLE II REPRESENTATIONS 3 Section 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 2.01. Representations by Authority 3 Section 2.02. Representations and Warranties by Corporation 3 ARTICLE III ISSUANCE OF BONDS 6 Section 3.01. Issuance of Bonds and Application of Proceeds 6 Section 3.02. Security for Bonds 6 Section 3.03. Investment of Funds; Arbitrage; Tax Regulatory Agreement 7 Section 3.04. Payment of Bonds 7 Section 3.05. Official Statement 8 Section 3.06. Right of Bond Trustee to Enforce this Loan Agreement 8 ARTICLE IV OPERATION OF PRIOR PROJECT 9 Section 4.01. Use of Prior Project 9 Section 4.02. Rates and Charges 9 Section 4.03. Insurance 9 Section 4.04. Maintenance and Repair 9 Section 4.05. Compliance with Laws; Environmental Laws 10 Section 4.06. Effecting Changes in Prior Project 10 ARTICLE V COLLECTION AND APPLICATION OF REVENUES 10 Section 5.01. Collection of Revenues 10 Section 5.02. TIF Revenues; TIF Revenue Fund 11 Section 5.03. Metro Revenues; Metro Revenue Fund 11 Section 5.04. Arena Revenues; Arena Revenue Fund 11 Section 5.05. Operation and Maintenance Account 12 Section 2 - THE INVESTMENTS 5.06. Renovation and Replacement Fund 12 Section 5.07. Excess Net Cash Flow Fund 13 2.1 Purchaser’s Section 5.08. Deposit and Investment Limits of Operation and Maintenance Account 13 2.2 Procedure for Making Purchases ARTICLE VI PAYMENTS UNDER LOAN AGREEMENT 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and PaymentsSection 6.01. General Covenant 13 Section 6.02. Credits on Payments 14 Section 6.03. Redemption of Bonds; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Additional Moneys Not Constituting Arena Revenues 14 Section 6.04. Directions regarding Optional Redemptions 15 Section 6.05. Effect of Partial Payment 15 Section 6.06. Principal Schedules 15 Section 6.07. Additional Payments 15 Section 6.08. Corporation’s Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Unconditional 16

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 SECTION 1. THE OFFER 2 1.1 Defined Terms 1 The Offer 2 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS Company Actions 4 1.3 Directors 7 1.4 Top-Up Option 8 SECTION 2. MERGER TRANSACTION 10 2.1 Merger of Purchaser into the Company 10 2.2 Effect of the Merger 10 2.3 Closing; Effective Time 10 2.4 Certificate of Incorporation and Bylaws; Directors and Officers 10 2.5 Conversion of Shares 11 2.6 Surrender of Certificates; Stock Transfer Books 11 2.7 Appraisal Rights 13 2.1 Purchaser’s Investment Limits 2.8 Further Action 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - SECTION 3. REPRESENTATIONS AND WARRANTIES 22 OF THE COMPANY 13 3.1 Financial Condition 22 Due Organization; Subsidiaries Etc. 14 3.2 No Change 22 Certificate of Incorporation and Bylaws; Minutes 14 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, LiensCapitalization, Etc. 32 5.13 Extension or 15 3.4 SEC Filings; Financial Statements 17 3.5 Absence of Changes 19 3.6 Title to Assets 19 3.7 Real Property; Equipment 19 3.8 Intellectual Property 20 3.9 Contracts 24 3.10 Liabilities 27 3.11 Compliance with Legal Requirements 27 3.12 Regulatory Matters 28 3.13 Certain Business Practices 29 3.14 Communications 30 3.15 Tax Matters 30 3.16 Employee Matters; Benefit Plans 33 3.17 Environmental Matters 38 3.18 Insurance 39 3.19 Transactions with Affiliates 39 3.20 Legal Proceedings; Orders 40 3.21 Authority; Binding Nature of Agreement 40 3.22 Section 203 of the DGCL, Etc. Not Applicable 41 3.23 Vote Required 41 3.24 Non-Contravention; Consents 41 3.25 Rights Agreement 41 3.26 Fairness Opinion 42 3.27 Financial Advisor 42 3.28 Disclosure 42 SECTION 4. REPRESENTATIONS AND WARRANTIES OF PARENT AND PURCHASER 43 4.1 Due Organization 43 4.2 Purchaser 43 4.3 Authority; Binding Nature of Agreement 43 4.4 Non-Contravention; Consents 43 4.5 Disclosure 44 4.6 Absence of Litigation 45 4.7 Funds 45 4.8 Ownership of Company Common Stock 45 SECTION 5. CERTAIN COVENANTS OF THE COMPANY 45 5.1 Access and Investigation 45 5.2 Notification of Certain Events 46 5.3 Operation of the Company’s Business 46 5.4 No Solicitation 50 5.5 Third Party Notices 52 SECTION 6. ADDITIONAL COVENANTS OF THE PARTIES 52 6.1 Stockholder Approval; Proxy Statement 52 6.2 Filings and Approvals 53 6.3 Stock Options/Warrants 55 6.4 Employee Benefits 57 6.5 Compensation Arrangements 58 6.6 Indemnification of Officers and Directors 58 6.7 Securityholder Litigation 60 6.8 Disclosure 60 6.9 Resignation of Directors 60 6.10 Takeover Laws; Advice of Changes 60 6.11 Section 16 Matters 61 6.12 Stock Exchange Delisting; Deregistration 61 SECTION 7. CONDITIONS PRECEDENT TO THE MERGER 61 7.1 Stockholder Approval 61 7.2 No Restraints 61 7.3 Consummation of Offer 61 SECTION 8. TERMINATION 62 8.1 Termination 62 8.2 Effect of Termination 63 8.3 Expenses; Termination Fee 64 SECTION 9. MISCELLANEOUS PROVISIONS 64 9.1 Amendment 64 9.2 Waiver 65 9.3 No Survival of Receivables 32 5.14 Status of Scheduled Receivables 32Representations and Warranties 65 9.4 Entire Agreement; Counterparts 65

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 Page ARTICLE I THE OFFER 2 1.1 Defined Terms 1 The Offer 2 1.2 Other Definitional Provisions 12 Section 2 - Company Actions 4 1.3 Directors of the Company 5 1.4 Top-Up Option 6 ARTICLE II THE INVESTMENTS 13 MERGER 7 2.1 PurchaserMerger of Purchaser into the Company 7 2.2 Effect of the Merger 7 2.3 Closing; Effective Time 7 2.4 Articles of Incorporation; Bylaws; Directors and Officers 7 2.5 Conversion and Exchange of Shares 8 2.6 Company Equity Awards 8 2.7 Closing of the Company’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements Transfer Books 9 2.8 Surrender of Law 16 2.8 Taxes 17 Certificates 9 2.9 Indemnity 18 Dissenting Shares 10 2.10 Records 19 Merger Without Meeting of Shareholders 10 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - Further Action 10 ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE COMPANY 11 3.1 Due Organization; Subsidiaries 11 3.2 Articles of Incorporation; Bylaws; Charters and Codes of Conduct 11 3.3 Authority; Binding Nature of Agreement 12 3.4 Capitalization, etc 12 3.5 SEC Filings; Financial Statements 13 3.6 Absence of Changes 16 3.7 Title to Assets 17 3.8 Receivables 17 3.9 Customers; Suppliers; Contract Manufacturers 17 3.10 Inventory 18 3.11 Intellectual Property 19 3.12 Contracts 20 3.13 Real Property; Equipment; Leasehold 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; 3.14 Liabilities 23 3.15 Compliance with Law 22 3.4 Power23 3.16 Foreign Corrupt Practices Act 23 3.17 Export Control and Import Laws 24 3.18 Governmental Authorizations 25 3.19 Tax Matters 25 3.20 Employee and Labor Matters; AuthorizationBenefit Plans 26 3.21 Environmental Matters 29 3.22 Insurance 30 3.23 Legal Proceedings; Enforceable Obligations 23 3.5 Orders 31 3.24 Vote Required 31 3.25 Non-Contravention; Consents 31 3.26 Opinion of Financial Advisor 32 3.27 Financial Advisor 32 3.28 Inapplicability of Anti-takeover Statutes 32 3.29 Related Party Transactions 32 3.30 Schedule 14D-9; Proxy Statement; Offer Documents 32 TABLE OF CONTENTS (continued) Page ARTICLE IV REPRESENTATIONS AND WARRANTIES OF PARENT AND PURCHASER 33 4.1 Valid Existence 33 4.2 Authority; Binding Nature of Agreement 33 4.3 Non-Contravention; Consents 33 4.4 No Legal Bar 23 3.6 Litigation 23 3.7 Proceedings Challenging the Merger 34 4.5 Activities of Purchaser 34 4.6 Information Supplied 34 4.7 Financing 34 4.8 No Default 23 3.8 Ownership Additional Representations 34 ARTICLE V COVENANTS 34 5.1 Access and Investigation 34 5.2 Operation of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment the Company’s Business 35 5.3 Company ActShareholders Meeting 38 5.4 No Solicitation by the Company; Other Regulations 24 3.12 Accuracy Offers 39 5.5 Reasonable Best Efforts 42 5.6 Public Announcements 42 5.7 Director and Officer Liability 43 5.8 Notification of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - Certain Events 43 5.9 Shareholder Litigation 44 5.10 Rule 14d-10 44 5.11 Confidentiality 44 ARTICLE VI CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 TO MERGER 44 6.1 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 CertificatesMerger 44 ARTICLE VII TERMINATION 45 7.1 Termination 45 7.2 Effect of Termination 46 7.3 Expenses; Other Information 29 5.3 Payment Termination Fee 46 ARTICLE VIII MISCELLANEOUS PROVISIONS 47 8.1 Amendment or Supplement 47 8.2 Extension of Obligations 30 5.4 Maintenance Time, Waiver, etc 47 8.3 No Survival 48 8.4 Entire Agreement; No Third Party Beneficiary 48 8.5 Applicable Law; Jurisdiction 48 8.6 Specific Enforcement 48 8.7 Assignment 48 8.8 Notices 49 8.9 Severability 50 8.10 Construction 50 8.11 Disclosure Schedule 50 8.12 Counterparts; Signatures 50 TABLE OF CONTENTS (continued) EXHIBITS Page Exhibit A DEFINITIONS 1.1 Cross Reference Table 55 1.2 Certain Definitions 56 Exhibit B FORM OF TENDER AND VOTING AGREEMENT AGREEMENT AND PLAN OF MERGER This AGREEMENT AND PLAN OF MERGER (“Agreement”) is made and entered into as of Existence; Compliance 30 5.5 Maintenance July 5, 2012 (the “Agreement Date”), by and among ABC-Mart, Inc., a corporation formed under the laws of Property; Insurance 30 5.6 Inspection Japan (“Parent”), XYZ Merger Sub, Inc., a Wisconsin corporation and a wholly owned subsidiary of Property; Books Parent (“Purchaser”), and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 OfficesLaCrosse Footwear, RecordsInc., Books of Account 31 5.12 Sales, Liens, Etca Wisconsin corporation (the “Company”). 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Certain capitalized terms used in this Agreement are defined in Exhibit A. RECITALS

TABLE OF CONTENTS. Section 1 - DEFINITIONS ARTICLE I THE MERGER 1 1.1 Defined Terms THE MERGER 1 1.2 Other Definitional Provisions 12 Section EFFECTIVE TIME 2 - 1.3 EFFECT OF THE INVESTMENTS 13 MERGER 2 1.4 CERTIFICATE OF FORMATION AND OPERATING AGREEMENT OF THE SURVIVING COMPANY 2 1.5 MANAGERS AND OFFICERS 2 1.6 CONVERSION OF CAPITAL STOCK AND MEMBERSHIP INTERESTS 2 1.7 STOCK OPTIONS 3 1.8 NO FURTHER OWNERSHIP RIGHTS 3 1.9 NO LIABILITY 3 1.10 TAX-FREE REORGANIZATION 4 1.11 LOST, STOLEN OR DESTROYED CERTIFICATES 4 1.12 CLOSING 4 1.13 TAKING OF NECESSARY ACTION; FURTHER ACTION 4 1.14 FRACTIONAL SHARES 4 ARTICLE II PAYMENT OF MERGER CONSIDERATION; EARNOUT 4 2.1 Purchaser’s Investment Limits 13 INTENTIONALLY OMITTED 4 2.2 Procedure for Making Purchases 13 PAYMENT OF CLOSING AMOUNT 5 2.3 Sale and Assignment 15 MINIMUM WORKING CAPITAL 5 2.4 Fees 15 EARNOUT 7 2.5 Computation and Payments; Commitment Fees 15 TAX WITHHOLDING 14 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - OFFSET 14 ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE COMPANY 14 3.1 ORGANIZATION; GOOD STANDING; QUALIFICATION AND POWER 14 3.2 SUBSIDIARIES; INVESTMENTS 15 3.3 CAPITALIZATION 15 3.4 AUTHORITY; ENFORCEABILITY; NO CONFLICT; CONSENTS 16 3.5 FINANCIAL STATEMENTS 17 3.6 ABSENCE OF UNDISCLOSED LIABILITIES 17 3.7 ABSENCE OF CHANGES 17 3.8 TAX MATTERS 20 3.9 TITLE TO AND CONDITION OF ASSETS 22 3.1 Financial Condition 3.10 REAL PROPERTY - OWNED OR LEASED 22 3.2 No Change 22 3.3 Existence3.11 INTELLECTUAL PROPERTY; Compliance with Law 22 3.4 PowerPRIVACY 23 3.12 CONTRACTS 28 3.13 PERSONAL PROPERTY 30 3.14 TERRITORIAL RESTRICTIONS 30 3.15 LITIGATION AND DISPUTES 31 3.16 ACCOUNTS RECEIVABLE 31 3.17 ACCOUNTS PAYABLE 31 3.18 COMPLIANCE WITH LAWS; AuthorizationPERMITS 31 3.19 ENVIRONMENTAL MATTERS 32 3.20 EMPLOYMENT MATTERS 33 3.21 EMPLOYEE BENEFITS 34 3.22 INSURANCE 36 3.23 BANK ACCOUNTS; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of PropertyPOWERS OF ATTORNEY 37 3.24 BROKERS 37 3.25 TRANSACTIONS WITH AFFILIATES 37 3.26 ADVERTISERS 38 3.27 INTERNAL CONTROLS 38 3.28 BOOKS AND RECORDS 38 3.29 PROJECTIONS 38 3.30 CERTAIN BUSINESS PRACTICES 39 3.31 SOLVENCY 39 3.32 DISCLOSURE 39 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE STOCKHOLDERS 39 4.1 TITLE TO OUTSTANDING COMPANY SHARES; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company ActABSENCE OF CERTAIN AGREEMENTS 39 4.2 AUTHORITY; Other Regulations 24 3.12 Accuracy of InformationENFORCEABILITY; NO CONFLICTS; CONSENTS 40 4.3 BROKERS 40 4.4 REPRESENTATION BY LEGAL COUNSEL 40 4.5 LITIGATION 40 4.6 INVESTMENT REPRESENTATIONS 41 ARTICLE V REPRESENTATIONS AND WARRANTIES OF PARENT AND THE BUYER 42 5.1 ORGANIZATION; GOOD STANDING; QUALIFICATION AND POWER 42 5.2 AUTHORITY; ENFORCEABILITY; NO CONFLICT; CONSENTS 42 5.3 LITIGATION 43 5.4 NO BROKERS 43 5.5 ISSUANCE OF SECURITIES 43 5.6 PARENT SEC DOCUMENTS 43 5.7 REPRESENTATIONS COMPLETE 43 ARTICLE VI RELATED AGREEMENTS 44 6.1 REGISTRATION RIGHTS AGREEMENT 44 6.2 LOCKUP AGREEMENTS 44 6.3 NON-COMPETITION, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and AntiNON-Terrorist Laws 25 Section 4 - SOLICITATION AND CONFIDENTIALITY AGREEMENTS 44 6.4 RELEASE AND WAIVER 44 6.5 EMPLOYMENT OFFER LETTERS 44 ARTICLE VII CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment TO CLOSING 44 7.1 CONDITIONS TO OBLIGATIONS OF PARENT AND THE BUYER 44 (a) Representations and Warranties of the Company and the Stockholders 44 (b) Performance of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books the Company and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32the Stockholders 44

TABLE OF CONTENTS. Page Section 1 - DEFINITIONS Definitions; Interpretation 1 1.1 Defined Terms Definitions 1 1.2 Other Definitional Provisions 12 Interpretation 15 Section 2 - THE INVESTMENTS 13 Credit Facility 16 2.1 Purchaser’s Investment Limits 13 Term Loan Commitments 16 2.2 Procedure for [Reserved] 16 2.3 Commitments Several 16 2.4 Indebtedness Absolute; No Offset; Waiver 16 2.5 Loan Accounting 17 2.5.1 Recordkeeping 17 2.5.2 Notes 17 2.6 Payment of Interest 18 2.6.1 Interest Rates 18 2.6.2 Payments of Interest and Principal 18 2.7 Fees 18 2.8 Prepayment 19 2.8.1 Mandatory Prepayment 19 2.8.2 Voluntary Prepayment 19 2.8.3 Change of Control 20 2.9 Repayment of Term Loan 20 2.9.1 Revenue-Based Payment 20 2.9.2 Principal 21 2.10 Payment 21 2.10.1 Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and of Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 21 2.10.2 Application of Collections Payments and Proceeds 21 2.10.3 Set-off 22 2.10.4 Proration of Payments 22 Section 3 - REPRESENTATIONS AND WARRANTIES 22 Yield Protection 23 3.1 Financial Condition 22 Taxes 23 3.2 No Change 22 Increased Cost 25 3.3 ExistenceFunding Losses 26 3.4 Manner of Funding; Compliance with Law 22 3.4 PowerAlternate Funding Offices 26 3.5 Conclusiveness of Statements; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Survival 27 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 27 4.1 Consummation of Merger 27 4.2 Conditions Precedent to All Purchases Delivery of Loan Documents 27 4.3 Conditions to Effectiveness Fees 28 4.4 Representations, Warranties, Defaults 28 Section 5 - COVENANTS 29 Representations and Warranties 28 5.1 Financial Statements 29 Organization 28 5.2 CertificatesAuthorization; Other Information No Conflict 29 5.3 Payment Validity; Binding Nature 29 5.4 Financial Condition 29 5.5 No Material Adverse Change 29 5.6 Litigation 29 5.7 Ownership of Obligations Properties; Liens 30 5.4 Maintenance of Existence; Compliance 5.8 Capitalization 30 5.5 Maintenance of 5.9 Pension Plans 30 5.10 Investment Company Act 30 5.11 No Default 30 5.12 Margin Stock 30 5.13 Taxes 30 5.14 Solvency 30 5.15 Environmental Matters 31 5.16 Insurance 31 5.17 Information 31 5.18 Intellectual Property; Insurance 30 5.6 Inspection Products and Services 31 5.19 Restrictive Provisions 32 5.20 Labor Matters 32 5.21 Material Contracts 33 5.22 Compliance with Laws; Health Care Laws 33 5.23 Existing Indebtedness; Investments, Guarantees and Certain Contracts 34 5.24 Affiliated Agreements 34 5.25 Names; Locations of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension Records and Collateral; Deposit Accounts 34 5.26 Non-Subordination 34 5.27 Broker’s or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Finder’s Commissions 35 5.28 Anti-Terrorism; OFAC 35 5.29 Security Interest 35 5.30 Survival 35

TABLE OF CONTENTS. Section ARTICLE 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 12 Section LEASE 8 1.01. Lease 8 1.02. Appurtenant Rights 8 ARTICLE 2 - THE INVESTMENTS TERM; USE; RENT 8 2.01. Term 8 2.02. Use 8 2.03. Rent 8 2.04. Operating Cost 9 2.05. Impositions 13 2.1 Purchaser2.06. Computation of Operating Cost and Impositions 14 2.07. Adjustment for Variation Between Estimated and Actual Operating Cost and Impositions 16 2.08. Notice of Adjustments 16 ARTICLE 3 LANDLORD’S COVENANTS 16 3.01. Basic Services 16 3.02. Extra Services 18 3.03. Window Covering 20 3.04. Graphics and Signage 20 3.05. Condition of Leased Premises 20 3.06. Repair Obligation 20 3.07 Quiet Enjoyment 21 ARTICLE 4 TENANT’S COVENANTS 21 4.01. Tenant Improvements 21 4.02. Taxes on Personal Property 22 4.03. Repairs by Tenant 22 4.04. Waste 22 4.05. Assignment or Sublease 22 4.06. Alterations and Surrender 26 4.07. Compliance with Laws and Insurance Standards 28 4.08. Entry for Repairs and Leasing 29 4.09. No Nuisance 30 4.10. Subordination 30 4.11. Estoppel Certificate 30 4.12. Tenant’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale Remedies 31 4.13. Rules and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements Regulations 31 4.14. Personal Property at Tenant’s Risk 31 4.15. Payment of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Landlord’s Expenses 32 4.16. Tenant’s Financial Condition 22 3.2 32 4.17. Energy Conservation 32 ARTICLE 5 CASUALTY AND EMINENT DOMAIN 32 5.01. Casualty Insurance 32 5.02. Liability Insurance 33 5.03. Tenant’s Insurance 33 5.04. Indemnity and Exoneration 34 5.05. Waiver of Subrogation Rights 35 5.06. Condemnation and Loss or Damage 36 5.07. Damage Due to Fire and Casualty 37 ARTICLE 6 DEFAULT 39 6.01. Events of Default 39 6.02. Remedies upon Default 41 6.03. Damages upon Termination 42 6.04. Computation of Rent for Purposes of Default 43 6.05. Rights of Landlord in Bankruptcy 43 6.06. Interest on Late Payments 43 ARTICLE 7 APPRAISAL 43 7.01. Appraisal of Fair Market Net Rent 43 ARTICLE 8 MISCELLANEOUS 45 8.01. Holding Over 45 8.02. Amendments and Modifications 46 8.03. Transfers by Landlord 46 8.04. Severability 46 8.05. Notices 46 8.06. No Change 22 3.3 Existence; Compliance with Joint Venture 47 8.07. Successors and Assigns 47 8.08. Applicable Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership 47 8.09. Time of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Actthe Essence 47 8.10. Submission Not an Option 47 8.11. Brokerage 47 8.12. Waiver of Jury Trial 47 8.13. All Agreements Contained 47 8.14. Cumulative Remedies 47 8.15. Failure to Enforce 48 8.16. Notice of Lease; Other Notices and Agreements 48 8.17. Hiring Practices 48 8.18. Tenant’s Authorized Representative 49 8.19. Assignment of Rents 49 ARTICLE 9 OPTION TO EXTEND THE TERM 49 9.01. Grant and Exercise of Option to Extend 49 9.02. Surrender Option for 18th Floor Space 50 9.03. Rent During Second Extended Term 50 9.04. Lease Continues in Effect 51 ARTICLE 10 SWAP OPTION 51 10.01. The Swap 51 10.02. Effect of the Swap 51 ARTICLE 11 LETTER OF CREDIT 54 11.01. Letter of Credit 54 11.02. Requirements 55 ARTICLE 12 ADDITIONAL OPTIONS 56 12.01. Parking 56 12.02. Contraction Option. 57 12.03. Antenna or Satellite Dish 57 12.04. Exhibits 58 ARTICLE 13 DEFINITIONS 58 13.01. Definitions 58 SCHEDULE OF EXHIBITS Exhibit A Leased Premises Exhibit A-1 Description of Land Exhibit A-2 Description of 222 Berkeley Parcel Exhibit A-0 Xxx 000 Xxxxxxxx Space Exhibit B Building Standard Improvements Exhibit C Building Rules and Regulations 24 3.12 Accuracy Exhibit D Form of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place Letter of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Credit Exhibit E Cleaning Specifications

TABLE OF CONTENTS. Section 1 - ARTICLE I. DEFINITIONS 1 1.1 Section 1.01 Defined Terms 1 1.2 Other Definitional Provisions 12 Section 2 - 1.02 Classification of Loans and Borrowings 28 Section 1.03 Terms Generally 28 Section 1.04 Accounting Terms; GAAP 29 Section 1.05 Designation of Lead Borrower as Agent for Borrower 29 ARTICLE II. THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure CREDITS 30 Section 2.01 Commitments 30 Section 2.02 Loans and Borrowings 30 Section 2.03 Requests for Making Purchases 13 2.3 Sale Borrowings and Assignment 15 2.4 Approval of Proposed Properties 31 Section 2.04 Funding of Borrowings 32 Section 2.05 Interest Elections 32 Section 2.06 Termination, Reduction and Increase of Commitments 33 Section 2.07 Repayment of Loans; Evidence of Debt 35 Section 2.08 Prepayment of Loans 36 Section 2.09 Fees 15 2.5 Computation and Payments36 Section 2.10 Interest 37 Section 2.11 Alternate Rate of Interest 38 Section 2.12 Increased Costs 38 Section 2.13 Break Funding Payments 39 Section 2.14 Taxes 40 Section 2.15 Payments Generally; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements Treatment; Sharing of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases Set-offs 41 Section 2.16 Mitigation Obligations; Replacement of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Lenders 42 Section 3 - 2.17 Delinquent Lenders 43 ARTICLE III. REPRESENTATIONS AND WARRANTIES 22 3.1 44 Section 3.01 Organization; Powers 44 Section 3.02 Authorization; Enforceability 44 Section 3.03 Governmental Approvals; No Conflicts 44 Section 3.04 Financial Condition 22 3.2 Condition; No Material Adverse Change 22 3.3 45 Section 3.05 Properties 45 Section 3.06 Intellectual Property 47 Section 3.07 Litigation and Environmental Matters 47 Section 3.08 Compliance with Laws and Agreements 49 Section 3.09 Investment and Holding Company Status 49 Section 3.10 Taxes 49 Section 3.11 ERISA 49 Section 3.12 Disclosure 49 Section 3.13 Insurance 50 Section 3.14 Margin Regulations 50 Section 3.15 Subsidiaries; REIT Qualification 50 Section 3.16 Leases 50 Section 3.17 Termination of Certain Representations and Warranties 51 ARTICLE IV. CONDITIONS 51 Section 4.01 Effective Date 51 Section 4.02 Each Credit Event 52 ARTICLE V. AFFIRMATIVE COVENANTS 52 Section 5.01 Financial Statements: Ratings Change and Other Information 53 Section 5.02 Financial Tests 54 Section 5.03 Notices of Material Events 56 Section 5.04 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place Conduct of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 57 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 5.05 Payment of Obligations 30 5.4 57 Section 5.06 Maintenance of Existence; Compliance 30 5.5 Maintenance of PropertyProperties; Insurance 30 5.6 Inspection of Property; 57 Section 5.07 Books and Records; Discussions 30 5.7 Notices 30 5.8 Inspection Rights 60 Section 5.08 Compliance with Laws 60 Section 5.09 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 60 Section 5.10 Fiscal Year 60 Section 5.11 Environmental Matters 60 Section 5.12 Mortgaged Property Pool and Approved Property Pool 61 Section 5.13 Further Assurances 31 5.11 Offices68 Section 5.14 Partial Releases 68 Section 5.15 Parent Covenants 70 Section 5.16 TNP REIT Covenants 70 Section 5.17 [Intentionally Deleted] 70 Section 5.18 Equity Issuance 70 Section 5.19 Termination of Certain Covenants 71 Section 5.20 Depository Accounts 71 ARTICLE VI. NEGATIVE COVENANTS 73 Section 6.01 Liens 74 Section 6.02 Fundamental Changes 74 Section 6.03 Investments, RecordsLoans, Books Advances and Acquisitions 75 Section 6.04 Hedging Agreements 75 Section 6.05 Restricted Payments 75 Section 6.06 Transactions with Affiliates 75 Section 6.07 [Intentionally Deleted] 76 Section 6.08 Restrictive Agreements 76 Section 6.09 Indebtedness 76 Section 6.10 Management; Management Fees 77 Section 6.11 Leases 77 ARTICLE VII. EVENTS OF DEFAULT 79 ARTICLE VIII. THE ADMINISTRATIVE AGENT 82 ARTICLE IX. MISCELLANEOUS 84 Section 9.01 Notices 84 Section 9.02 Waivers; Amendments 84 Section 9.03 Expenses; Indemnity; Damage Waiver 85 Section 9.04 Successors and Assigns 87 Section 9.05 Survival 90 Section 9.06 Counterparts; Integration; Effectiveness; Joint and Several 90 Section 9.07 Severability 91 Section 9.08 Right of Account 31 5.12 SalesSetoff 91 Section 9.09 Governing Law; Jurisdiction; Consent to Service of Process 91 Section 9.10 WAIVER OF JURY TRIAL 92 Section 9.11 Headings 93 Section 9.12 Confidentiality 93 Section 9.13 Interest Rate Limitation 93 Section 9.14 USA PATRIOT Act 94 Section 9.15 Joint and Several Liability 94 Section 9.16 Additional Waivers and Agreements 98 SCHEDULES: Schedule 2.01 — Commitments Schedule 3.05 — Flood Zones; Earthquake or Seismic Areas Schedule 3.15 — Subsidiaries Schedule 5.12(a) — Mortgaged Property Pool Schedule 5.12(b) — Approved Property Pool Schedule 6.01 — Existing Liens EXHIBITS: Exhibit A — Form of Assignment and Acceptance Exhibit B — Form of TNP REIT Compliance Certificate Exhibit C — Form of Tranche B Guarantor Compliance Certificate Exhibit D — Form of Note Exhibit E — Form of Borrowing Request/Interest Rate Election Exhibit F — Form of Joinder Agreement Exhibit G — Form of Borrowing Base Certificate Exhibit H — Form of SNDA Agreement Exhibit I — Form of Estoppel REVOLVING CREDIT AGREEMENT THIS REVOLVING CREDIT AGREEMENT (“Agreement”) is made and entered into as of December 17, Liens2010, Etc. 32 5.13 Extension by and among TNP SRT SECURED HOLDINGS, LLC, a Delaware limited liability company, having an address at 0000 Xxxx Xxxxxx, Xxxxx 000, Xxxxxx, Xxxxxxxxxx 00000 and certain affiliated entities as set forth herein (individually and collectively as Borrower, “Borrower”), the institutions from time to time who are parties hereto as “Lenders” (whether by execution of this Agreement or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32through an Assignment and Acceptance Agreement), and KEYBANK NATIONAL ASSOCIATION, a national banking association having an address at 000 Xxxxxxxx Xxxxxx, 00xx Xxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000 (“KeyBank”) as Agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Agent”), and KEYBANC CAPITAL MARKETS, INC., an Ohio corporation as Lead Bookrunner and Lead Arranger.

TABLE OF CONTENTS. ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE 1 Section 1.01. Definitions 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions Section 1.02. Rules of Construction 11 Section 1.03. Incorporation by Reference of the Trust Indenture Act 12 ARTICLE II THE NOTES 12 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale 2.01. Form and Assignment Dating 12 Section 2.02. Execution and Authentication 14 Section 2.03. Registrar, Paying Agent and Authenticating Agent; Paying Agent to Hold Money in Trust 15 2.4 Fees Section 2.04. Noteholder Lists 15 2.5 Computation Section 2.05. Transfer and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments Exchange 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections Section 2.06. Definitive Notes 20 2.13 Application of Collections Section 2.07. Replacement Notes 20 Section 2.08. Outstanding Notes 21 Section 3 - REPRESENTATIONS AND WARRANTIES 2.09. Temporary Notes 22 3.1 Financial Condition Section 2.10. Cancellation 22 3.2 No Change Section 2.11. CUSIP and ISIN Numbers 22 3.3 Existence; Compliance with Law Section 2.12. Defaulted Interest 22 3.4 Power; Authorization; Enforceable Obligations Section 2.13. Computation of Interest 23 3.5 No Legal Bar Section 2.14. Issuance of Additional Notes 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership ARTICLE III OPTIONAL REDEMPTION OF NOTES 24 Section 3.01. Optional Redemption 24 Section 3.02. Notice of Property; Liens Redemption 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etcSection 3.03. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws Notes Payable on Redemption Date 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 3.04. Exclusion of Certain Notes From Eligibility for Selection for Redemption 25 Section 5 - 3.05. Deposit of Redemption Price 25 ARTICLE IV COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 25 Section 4.01. Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books Principal, Premium and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, LiensInterest 25 Section 4.02. Offices for Payments, Etc. 26 Section 4.03. Appointment to Fill a Vacancy in Office of Trustee 26 Section 4.04. Paying Agents 26 Section 4.05. Written Statement to Trustee 27 Section 4.06. Reports by the Company 27 Section 4.07. Limitation on Liens 28 Section 4.08. Limitation on Sale and Leaseback 29 Section 4.09. Repurchase of Notes upon a Change of Control Triggering Event 30 ARTICLE V CONSOLIDATION, MERGER, SALE OR CONVEYANCE 31 Section 5.01. Company May Consolidate, Merge, Etc., on Certain Terms 31 Section 5.02. Successor Company Substituted 31 ARTICLE VI DEFAULT AND REMEDIES 32 5.13 Section 6.01. Events of Default 32 Section 6.02. Acceleration 33 Section 6.03. Other Remedies 34 Section 6.04. Waiver of Past Defaults 34 Section 6.05. Control by Majority 34 Section 6.06. Limitation on Suits 34 Section 6.07. Rights of Holders to Receive Payment 35 Section 6.08. Collection Suit by Trustee 35 Section 6.09. Trustee May File Proofs of Claim 35 Section 6.10. Priorities 36 Section 6.11. Restoration of Rights and Remedies 36 Section 6.12. Undertaking for Costs 36 Section 6.13. Rights and Remedies Cumulative 37 Section 6.14. Delay or Omission Not Waiver 37 Section 6.15. Waiver of Stay, Extension or Amendment Usury Laws 37 ARTICLE VII THE TRUSTEE 37 Section 7.01. General 37 Section 7.02. Certain Rights of Receivables 32 5.14 Status Trustee 39 Section 7.03. Individual Rights of Scheduled Receivables 32Trustee 40 Section 7.04. Trustee’s Disclaimer 40 Section 7.05. Notice of Default 41 Section 7.06. Reports by Trustee to Holders 41 Section 7.07. Compensation and Indemnity 41 Section 7.08. Replacement of Trustee 42 Section 7.09. Successor Trustee by Merger 43 Section 7.10. Eligibility 44 Section 7.11. Money Held in Trust 44 ARTICLE VIII DEFEASANCE AND DISCHARGE 44 Section 8.01. Discharge of Company’s Obligations 44 Section 8.02. Legal Defeasance 45 Section 8.03. Covenant Defeasance 46 Section 8.04. Application of Trust Money 47 Section 8.05. Repayment to Company 47 Section 8.06. Reinstatement 47 ARTICLE IX SUPPLEMENTAL INDENTURES 47 Section 9.01. Supplemental Indentures Without Consent of Holders 47 Section 9.02. Supplemental Indentures with Consent of Holders 49 Section 9.03. Execution of Supplemental Indentures 50 Section 9.04. Effect of Supplemental Indentures 50 Section 9.05. Conformity with Trust Indenture Act 50 Section 9.06. Reference in Notes to Supplemental Indentures 50 ARTICLE X MISCELLANEOUS 51 Section 10.01. Trust Indenture Act of 1939 51 Section 10.02. Noteholder Communications; Noteholder Actions 51 Section 10.03. Notices 52 Section 10.04. Certificate and Opinion as to Conditions Precedent 53 Section 10.05. Statements Required in Certificate or Opinion 53 Section 10.06. Payment Date Other Than a Business Day 53 Section 10.07. Governing Law; Submission to Jurisdiction; Waiver of Trial by Jury 54 Section 10.08. No Adverse Interpretation of Other Agreements 54 Section 10.09. Successors 54 Section 10.10. Duplicate Originals 54 Section 10.11. Separability 54 Section 10.12. Table of Contents and Headings 54 Section 10.13. No Liability of Directors, Officers, Employees, Incorporators and Stockholders 55 EXHIBITS EXHIBIT A FORM OF NOTE INDENTURE, dated as of August 20, 2014, between The Timken Company, an Ohio corporation (the “Company”), and The Bank of New York Mellon Trust Company, N.A., a national banking association, as trustee (the “Trustee”).

TABLE OF CONTENTS. ​ ​ ​ ​ Section 1. Definitions and Accounting Matters 1 - DEFINITIONS 1 1.1 1.01 Certain Defined Terms 1 1.2 Other Definitional Provisions 12 1.02 Accounting Terms and Determinations 19 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 2. Advances; Note and Prepayments 20 2.01 Advances 20 2.02 Notes 20 2.03 Procedure for Making Purchases 13 2.3 Sale Borrowing 21 2.04 Margin Amount Maintenance; Mandatory Prepayments 21 2.05 Establishment of Collection Account and Assignment 15 2.4 Fees 15 2.5 Computation and PaymentsWaterfall 22 2.06 Repayment of Advances; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Interest 24 2.07 Optional Prepayments 24 2.08 Limitation on Types of Advances; Illegality 24 2.09 Requirements of Law 16 2.8 25 2.10 Taxes 17 2.9 Indemnity 18 2.10 26 Section 3. Payments; Computations; Etc 29 3.01 Payments 29 3.02 Computations 29 3.03 Facility Fee 29 Section 4. Collateral Security 30 4.01 Collateral; Security Interest 30 4.02 Further Documentation 30 4.03 Changes in Locations, Name, etc 31 4.04 Lender’s Appointment as Attorney-in-Fact 31 4.05 Performance by Lender of Borrower’s Obligations 32 4.06 Proceeds 33 4.07 Remedies 33 4.08 Limitation on Duties Regarding Presentation of Collateral 34 4.09 Powers Coupled with an Interest 34 4.10 Release of Security Interest 34 Section 5. Conditions Precedent 35 5.01 Loan Agreement; Initial Advance 35 ​ ​ ​ ​ ​ ​ ​ 5.02 Initial and Subsequent Advances 36 Section 6. Representations and Warranties 37 6.01 Asset Schedule 37 6.02 Solvency 37 6.03 No Broker 38 6.04 Ability to Perform 38 6.05 Existence 38 6.06 Financial Statements 38 6.07 No Breach 38 6.08 Action 39 6.09 Approvals 39 6.10 Enforceability 39 6.11 Indebtedness 39 6.12 Material Adverse Effect 39 6.13 No Default 39 6.14 Real Estate Investment Trust 39 6.15 Adverse Selection 39 6.16 Litigation 40 6.17 Margin Regulations 40 6.18 Taxes 40 6.19 Investment Company Act 40 6.20 Chief Executive Office/Jurisdiction of Organization 40 6.21 Location of Books and Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases 40 6.22 True and Complete Disclosure 40 6.23 ERISA 41 6.24 SBA Approvals 41 6.25 No Reliance 41 6.26 Plan Assets 42 6.27 Anti-Money Laundering Laws 42 6.28 No Prohibited Persons 42 6.29 Collateral; Collateral Security 42 6.30 Acquisition of Purchased Assets: Deemed Collections 20 2.13 Application SBA Loans and Participation Interests 43 6.31 Foreign Corrupt Practices Act 43 Section 7. Covenants of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 the Borrower 43 ​ ​ ​ ​ ​ ​ ​ 7.01 Preservation of Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 43 7.02 Taxes 44 7.03 Notice of Proceedings or Adverse Change 44 7.04 Financial Reporting 45 7.05 Visitation and Inspection Rights 45 7.06 Reimbursement of Expenses 46 7.07 Further Assurances 46 7.08 True and Correct Information 46 7.09 ERISA Events 47 7.10 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership Adverse Selection 47 7.11 Insurance 47 7.12 Books and Records 47 7.13 Illegal Activities 47 7.14 Material Change in Business 47 7.15 Limitation on Dividends and Distributions 47 7.16 Disposition of PropertyAssets; Liens 24 3.9 Taxes 24 3.10 Federal 48 7.17 Transactions with Affiliates 48 7.18 ERISA Matters 48 7.19 Consolidations, Mergers and Sales of Assets 49 7.20 REIT Status 49 7.21 Asset Tape 49 7.22 Financial Covenants 49 7.23 No Amendment or Waiver 49 7.24 Borrower Assignments 50 7.25 Restrictions on Sale or Other Disposition of Financed Assets 50 Section 8. Events of Default 50 8.01 Payment Default 50 8.02 Representation and Warranty Breach 50 8.03 Immediate Covenant Defaults 50 8.04 Additional Covenant Defaults 50 8.05 Judgments 51 8.06 Reserved; or 51 8.07 Insolvency Event 51 8.08 Enforceability 51 ​ ​ ​ ​ ​ ​ ​ 8.09 Liens 51 8.10 Material Adverse Effect 51 8.11 Change in Control 51 8.12 Going Concern 51 8.13 Inability to Perform 51 8.14 SBA Rules and Regulations 24 3.11 Investment Company Act51 8.15 Replacement of Servicers 51 8.16 Reserved 52 8.17 Reserved 52 Section 9. Remedies Upon Default 52 9.01 Remedies 52 9.02 Physical Possession 52 9.03 Lender’s Appointment as Attorney-in-Fact 52 9.04 Cross-Collateralization 53 Section 10. No Duty of Lender 53 Section 11. Indemnification And Expenses 53 11.01 Indemnification 53 11.02 Expenses 54 11.03 Full Recourse 54 Section 12. Servicing 54 12.01 Servicing of SBA Loans 54 12.02 Collateral Assignee 54 12.03 Servicing Agreement 54 12.04 Event of Xxxxxxx 00 Xxxxxxx 00. Recording Of Communications 55 Section 14. Due Diligence 55 Section 15. Assignability; Other Regulations 24 3.12 Accuracy Amendment 56 15.01 Assignment and Acceptance 56 15.02 Participations 56 15.03 Disclosures 56 15.04 Amendment to Loan Agreement 57 15.05 Hypothecation or Pledge of Information, etcPledged Assets 57 Section 16. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering Transfer and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of ExistenceRegister 57 16.01 Rights and Obligations 57 ​ ​ ​ ​ ​ ​ ​ 16.02 Register 57 Section 17. Suspension of Payments 57 17.01 Reserved 57 17.02 Suspension of Payments 57 Section 18. Terminability 58 Section 19. Notices And Other Communications 58 Section 20. Entire Agreement; Compliance 30 5.5 Maintenance Severability; Single Agreement 58 20.01 Entire Agreement 58 20.02 Single Agreement 58 Section 21. Governing Law; Submission to Jurisdictions; Waivers 59 21.01 GOVERNING LAW 59 21.02 SUBMISSION TO JURISDICTION; WAIVERS 59 Section 22. No Waivers, etc 59 Section 23. Confidentiality 60 23.01 Confidential Terms 60 23.02 Confidential Information 60 Section 24. Conflicts; Multiparty Agreements 61 Section 25. Miscellaneous 61 25.01 Counterparts 61 25.02 Captions 61 25.03 Acknowledgment 61 25.04 Documents Mutually Drafted 61 25.05 Amendment and Restatement 62 25.06 Removal of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Xxxxxxxxxx 62 ​

TABLE OF CONTENTS. (This Table of Contents is not a part of the Indenture and is only for convenience of reference.) SECTION PAGE Recitals 1 ARTICLE I DEFINITIONS 3 Section 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 1.01. Definitions 3 Section 1.02. Authorization 8 Section 1.03. Interpretation 8 ARTICLE II THE CERTIFICATES OF PARTICIPATION 9 Section 2.01. Authorization 9 Section 2.02. Date 9 Section 2.03. Maturity; Interest Rates 10 Section 2.04. Form of Certificates 10 Section 2.05. Payment of Interest 10 Section 2.06. Execution 10 Section 2.07. Application of Proceeds 10 Section 2.08. Registration, Transfer and Exchange of Certificates 10 Section 2.09. Mutilated, Lost, Destroyed and Stolen Certificates 11 Section 2.10. Payment 11 Section 2.11. Execution of Documents and Proof of Ownership 12 Section 2 - 2.12. Certificate Register 13 Section 2.13. Global Book Entry 13 ARTICLE III ACQUISITION FUND 14 Section 3.01. Acquisition Fund 14 Section 3.02. Disbursements 14 ARTICLE IV REDEMPTION OF CERTIFICATES 15 Section 4.01. Redemption upon Event of Nonappropriation and Termination of Purchase Contract 15 Section 4.02. Optional Redemption 15 Section 4.03. Effect of Call for Redemption 15 Section 4.04. Notice of Redemption 15 Section 4.05. Partial Redemption 16 ARTICLE V INSTALLMENT PAYMENTS; ADDITIONAL PAYMENTS; INSTALLMENT PAYMENT FUND 16 Section 5.01. Rights in Purchase Contract 16 Section 5.02. Establishment of Installment Payment Fund 16 Section 5.03. Deposits 17 Section 5.04. Application of Moneys 17 Section 5.05. Surplus 17 ARTICLE VI FORM OF THE INVESTMENTS 13 2.1 PurchaserCERTIFICATES 18 ARTICLE VII MONEYS IN FUNDS; INVESTMENT 22 Section 7.01. Held in Trust 22 Section 7.02. Investments Authorized 22 Section 7.03. Investment Earnings 24 Section 7.04. Liability of Trustee for Investments 24 Section 7.05. Tax Certificate; Creation of Rebate Fund 24 Section 7.06. Arbitrage Covenant 24 ARTICLE VIII THE TRUSTEE 25 Section 8.01. Certain Duties and Responsibilities 25 Section 8.02. Certain Rights of Trustee 26 Section 8.03. Employment of Experts 28 Section 8.04. Enforcement of Performance by Others 28 Section 8.05. Right to Deal in Certificates and Take Other Actions 28 Section 8.06. Removal and Resignation of the Trustee 28 Section 8.07. Proof of Claim 29 Section 8.08. Trustee’s Investment Limits 13 2.2 Fees and Expenses 30 Section 8.09. Intervention by Trustee 30 Section 8.10. Reports 30 Section 8.11. Separate or Co-Trustee 30 Section 8.12. Recitals and Representations 32 ARTICLE IX MODIFICATION OR AMENDMENT OF AGREEMENTS 33 Section 9.01. Amendments Permitted 33 Section 9.02. Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and PaymentsAmendment with Written Consent of Certificate Owners 34 Section 9.03. Disqualified Certificates 35 Section 9.04. Effect of Supplemental Agreement 35 ARTICLE X COVENANTS; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 NOTICE 36 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; 10.01. Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership and Enforcement of Property; Liens 24 3.9 Taxes 24 3.10 Federal Purchase Contract 36 Section 10.02. Observance of Laws and Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy 36 Section 10.03. Prosecution and Defense of Information, etcSuits 36 Section 10.04. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Filing 36 Section 10.05. Payments Due on Non-Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Days 36 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 10.06. Further Assurances 31 5.11 Offices, Records, Books 36 Section 10.07. Action upon Termination of Account 31 5.12 Sales, Liens, EtcPurchase Contract 37 Section 10.08. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Parties Interested Herein 37

TABLE OF CONTENTS. Section SECTION 1 - DEFINITIONS 1 1.1 Defined Terms Definitions 1 1.2 Other Definitional Provisions 12 Section Computation of Time Periods 31 1.3 Accounting Terms 31 SECTION 2 - THE INVESTMENTS 13 CREDIT FACILITIES 32 2.1 Purchaser’s Investment Limits 13 Revolving Loans 32 2.2 Procedure for Making Purchases 13 Letter of Credit Subfacility 34 2.3 Sale Swingline Loan Subfacility 39 2.4 Term Loan 42 SECTION 3 OTHER PROVISIONS RELATING TO CREDIT FACILITIES 43 3.1 Default Rate 43 3.2 Extension and Assignment 15 2.4 Conversion 43 3.3 Prepayments 44 3.4 Termination and Reduction of Revolving Committed Amount 46 3.5 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 47 3.6 Capital Adequacy 48 3.7 Limitation on Eurodollar Loans 49 3.8 Illegality 49 3.9 Requirements of Law 49 3.10 Treatment of Affected Loans 51 3.11 Taxes 51 3.12 Compensation 53 3.13 Pro Rata Treatment and 54 3.14 Sharing of Payments 16 2.7 Requirements 55 3.15 Payments, Computations, Etc 56 3.16 Evidence of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases Debt 57 3.17 Replacement of Purchased Assets: Deemed Collections 20 2.13 Application Affected Lenders 58 SECTION 4 GUARANTY 59 4.1 The Guaranty 59 4.2 Obligations Unconditional 59 4.3 Reinstatement 60 4.4 Certain Additional Waivers 61 4.5 Remedies 61 4.6 Rights of Collections 21 Section 3 - Contribution 61 4.7 Guarantee of Payment; Continuing Guarantee 62 SECTION 5 CONDITIONS 62 5.1 Closing Conditions 62 5.2 Conditions to Initial Extensions of Credit 63 5.3 Conditions to all Extensions of Credit 67 SECTION 6 REPRESENTATIONS AND WARRANTIES 22 3.1 68 6.1 Financial Condition 22 3.2 68 6.2 No Material Change 22 3.3 Existence; Compliance with Law 22 3.4 68 6.3 Organization and Good Standing 68 6.4 Power; Authorization; Enforceable Obligations 23 3.5 69 6.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Conflicts 69 3 4 8.6 Investments 88 8.7 Restricted Payments 88 8.8 Other Indebtedness 89 8.9 Transactions with Affiliates 90 8.10 Fiscal Year; Organizational Documents 90 8.11 Limitation on Restricted Actions 90 8.12 Preferred Stock; Ownership of PropertySubsidiaries; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company ActLimitations on Parent 91 8.13 Sale Leasebacks 91 8.14 Capital Expenditures 91 8.15 No Further Negative Pledges 92 8.16 No Foreign Subsidiaries 92 SECTION 9 EVENTS OF DEFAULT 92 9.1 Events of Default 92 9.2 Acceleration; Remedies 94 SECTION 10 AGENCY PROVISIONS 95 10.1 Appointment, Powers and Immunities 95 10.2 Reliance by Agent 96 10.3 Defaults 96 10.4 Rights as a Lender 97 10.5 Indemnification 97 10.6 Non-Reliance on Agent and Other Regulations 24 3.12 Accuracy Lenders 97 10.7 Successor Agent 98 SECTION 11 MISCELLANEOUS 98 11.1 Notices 98 11.2 Right of InformationSet-Off; Adjustments 100 11.3 Benefit of Agreement 101 11.4 No Waiver; Remedies Cumulative 103 11.5 Expenses; Indemnification 103 11.6 Amendments, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place Waivers and Consents 104 11.7 Counterparts 105 11.8 Headings 106 11.9 Survival 106 11.10 Governing Law; Submission to Jurisdiction; Venue 106 11.11 Severability 107 11.12 Entirety 107 11.13 Binding Effect; Termination 107 11.14 Confidentiality 107 11.15 Source of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Funds 108 11.16 Conflict 108

TABLE OF CONTENTS. Article 1 Principal Transaction 4 Section 1 - DEFINITIONS 1 1.1 Defined Terms 1 Sale and Purchase of Stock 4 Section 1.2 Other Definitional Provisions Closing Cash Payment; Payments; Purchase Price. 4 Section 1.3 Adjustments to Estimated Purchase Price 5 Section 1.4 Purchase Price Payment Allocation 7 Section 1.5 Closing 7 Section 1.6 Closing Deliverables. 8 Article 2 Representations And Warranties Of Sellers 8 Section 2.1 Organization; Capitalization; Ownership. 8 Section 2.2 Financial Statements and Financial Matters. 9 Section 2.3 Compliance with Law. 10 Section 2.4 Taxes 10 Section 2.5 Business Operations. 11 Section 2.6 Employees. 12 Section 2 - THE INVESTMENTS 2.7 Employee Benefit Plans. 12 Section 2.8 Real Property 13 2.1 PurchaserSection 2.9 Other Properties and Assets. 14 Section 2.10 Litigation 14 Section 2.11 Authorization and Enforceability; No Conflict. 14 Section 2.12 Applicable Contracts. 15 Section 2.13 Insurance. 16 Section 2.14 Environmental Matters. 16 Section 2.15 Broker’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; 2.16 Books and Records. 17 Section 2.17 No Other Representations or Warranties.. 17 Article 3 Representations And Warranties Of Buyer 17 Section 3.1 Organization and Good Standing 17 Section 3.2 Authorization and Enforceability; Discussions No Conflict. 17 Section 3.3 Investment Intent 18 Section 3.4 No Financing Condition; Solvency 18 Section 3.5 Inspection 18 Section 3.6 Broker’s Fees 18 Section 3.7 Reliance. 18 Section 3.8 No Other Representations or Warranties. 19 Article 4 Covenants And Agreements 19 Section 4.1 Conduct Pending Closing. 19 Section 4.2 Access to Information 20 Section 4.3 Commercially Reasonable Efforts; Notice; Further Assurances; Certain Payments 20 Section 4.4 Restrictive Covenants 21 Section 4.5 Public Announcements 22 Section 4.6 Employee Benefit Matters. 22 Section 4.7 Assignment of Rights; Reimbursement. 23 Section 4.8 Records Retention. 24 Section 4.9 Certain Tax Matters. 24 Section 4.10 Mutual Releases 27 Section 4.11 Sellers’ Representative. 27 Section 4.12 Termination of Shareholder Agreement. 29 Section 4.13 Real Property and Environmental Buyout Transaction Matters. 29 Article 5 Conditions To Obligation To Close 29 Section 5.1 Conditions to Obligation of Buyer 29 Section 5.2 Conditions to Obligation of Seller 30 5.7 Article 6 Termination 30 Section 6.1 Termination Events 30 Section 6.2 Effect of Termination 31 Article 7 Indemnification 31 Section 7.1 Indemnification and Reimbursement by Sellers 31 Section 7.2 Indemnification and Reimbursement by Buyer 31 Section 7.3 Certain Limitations 31 Section 7.4 Indemnification Procedures. 33 Section 7.5 Source of Payment 34 Section 7.6 Adjusted Purchase Price 34 Section 7.7 Exclusive Remedy 34 Article 8 Definitions 34 Article 9 General 46 Section 9.1 Survival of Representations, Warranties, Covenants and Agreements 46 Section 9.2 Binding Effect; Benefits; Assignment 46 Section 9.3 Entire Agreement 46 Section 9.4 Amendment and Waiver 47 Section 9.5 Governing Law; Exclusive Jurisdiction 47 Section 9.6 Notices 30 5.8 Use 47 Section 9.7 Counterparts 48 Section 9.8 Expenses 48 Section 9.9 Headings; Construction; Time of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, EtcEssence 48 Section 9.10 Partial Invalidity 48 Section 9.11 Certain Disclosure Matters. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3249 Section 9.12 Specific Performance 49 Section 9.13 Representation by Legal Counsel; Privileged Communications.. 50

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS Page 6.5. Private Placement 55 6.6. Government Approvals 55 ARTICLE 7. ADDITIONAL CONDITIONS PRECEDENT TO OBLIGATIONS OF PARENT AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 MERGER SUB 55 7.1. Accuracy of Information, etcCompany Representations 55 7.2. 25 3.13 Solvency 25 3.14 Security Performance of Company Covenants 55 7.3. Documents 25 3.15 Principal Place 55 7.4. FIRPTA Certificate 56 7.5. No Company Material Adverse Effect 56 7.6. Termination of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - Investor Agreements 56 7.7. Outstanding Appraisal Rights 56 7.8. Termination of Company Options 56 7.9. Assignment of Company Employment Agreements 56 ARTICLE 8. ADDITIONAL CONDITIONS PRECEDENT 26 4.1 Conditions Precedent TO OBLIGATION OF THE COMPANY 56 8.1. Accuracy of Parent and Merger Sub Representations 56 8.2. Performance of Parent Covenants 57 8.3. Documents 57 8.4. No Parent Material Adverse Effect 57 ARTICLE 9. TERMINATION 57 9.1. Termination 57 9.2. Effect of Termination 58 9.3. Expenses; Termination Fees 59 ARTICLE 10. MISCELLANEOUS PROVISIONS 60 10.1. Non-Survival of Representations and Warranties 60 10.2. Amendment 60 10.3. Waiver 60 10.4. Entire Agreement; Counterparts; Exchanges by Electronic Transmission 61 10.5. Applicable Law; Jurisdiction 61 10.6. Attorneys’ Fees 61 10.7. Assignability 61 10.8. Notices 61 10.9. Cooperation 62 10.10. Severability 62 10.11. Other Remedies; Specific Performance 63 10.12. No Third Party Beneficiaries 63 10.13. Construction 63 Exhibits: Exhibit A Definitions Exhibit B Form of Company Stockholder Support Agreement Exhibit C Form of Parent Stockholder Support Agreement Exhibit D Post-Closing Directors and Officers AGREEMENT AND PLAN OF MERGER AND REORGANIZATION THIS AGREEMENT AND PLAN OF MERGER AND REORGANIZATION (this “Agreement”) is made and entered into as of June 9, 2020, by and among XXXXXX PHARMACEUTICALS, INC., a Nevada corporation (“Parent”), ADGERO ACQUISITION CORP., a Delaware corporation and wholly owned subsidiary of Parent (“Merger Sub”), and ADGERO BIOPHARMACEUTICALS HOLDINGS, INC., a Delaware corporation (the “Company”). Parent, Merger Sub and Company may each be referred to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books herein individually as a “Party” and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32collectively as the “Parties.” Certain capitalized terms used in this Agreement are defined in Exhibit A.

TABLE OF CONTENTS. Section Page SECTION 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 12 Section Classification of Loans 47 1.3 Terms Generally 47 1.4 Accounting Terms; GAAP 48 1.5 Resolution of Drafting Ambiguities 48 1.6 Exchange Rates; Currency Equivalents 48 1.7 Additional Alternative Currencies 49 1.8 Change of Currency 50 SECTION 2 - THE INVESTMENTS 13 AMOUNT AND TERMS OF COMMITMENTS 50 2.1 Purchaser’s Investment Limits 13 Term Commitments 50 2.2 Procedure for Making Purchases 13 Term Loan Borrowing 51 2.3 Sale Repayment of Term Loans 51 2.4 Revolving Commitments 52 2.5 Procedure for Revolving Loan Borrowing 52 2.6 Swingline Commitment 53 2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans 53 2.8 Commitment Fees, etc 55 2.9 Termination or Reduction of Revolving Commitments 56 2.10 Optional Prepayments 56 2.11 Mandatory Prepayments and Assignment 15 2.4 Commitment Reductions 56 2.12 Conversion and Continuation Options 59 2.13 Limitations on Eurodollar Tranches 59 2.14 Interest Rates and Payment Dates 60 2.15 Computation of Interest and Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 60 2.16 Inability to Determine Interest Rate 61 2.17 Pro Rata Treatment and Payments 16 2.7 61 2.18 Requirements of Law 16 2.8 63 2.19 Taxes 17 2.9 65 2.20 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases 67 2.21 Change of Purchased Assets: Deemed Collections 20 2.13 Application Lending Office 67 2.22 Replacement of Collections 21 Section Lenders 67 2.23 Repayment of Loans; Evidence of Debt 68 2.24 Increase in Commitments 68 2.25 Extensions of Term Loans and Revolving Commitments 71 2.26 Defaulting Lenders 73 2.27 Refinancing Amendments 75 SECTION 3 - LETTERS OF CREDIT 76 3.1 LC Commitment 76 3.2 Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions 77 3.3 Fees and Other Charges 77 Page 3.4 Participations 77 3.5 Reimbursement 78 3.6 Obligations Absolute 79 3.7 Disbursement Procedures 79 3.8 Interim Interest 79 3.9 Replacement of the Issuing Lender 80 3.10 Cash Collateralization 80 3.11 Provisions Related to Extended Revolving Commitments 81 SECTION 4 REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence81 4.1 Organization; Compliance with Law 22 3.4 PowerPower 81 4.2 Capital Stock; Subsidiaries 81 4.3 Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Conflicts 81 4.4 No Approvals 82 4.5 Enforceability 82 4.6 Litigation 23 3.7 82 4.7 Financial Statements; Projections 82 4.8 Properties 83 4.9 Intellectual Property 84 4.10 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Material Misstatements 84 4.11 Margin Stock 84 4.12 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Act 84 4.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist 84 4.14 Employee Benefit Plans 84 4.15 Environmental Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3285 4.16 Taxes 86

TABLE OF CONTENTS. Section 1 - I. DEFINITIONS 1 2 1.1 Defined Terms 1 2 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 Terms Generally 31 1.3 Impairment 32 II. LIEN PRIORITIES BETWEEN REVOLVING CREDIT SECURED OBLIGATIONS, PARI PASSU SECURED OBLIGATIONS AND SUBORDINATED LIEN SECURED OBLIGATIONS 33 2.1 Purchaser’s Investment Limits 13 Relative Priorities 33 2.2 Procedure for Making Purchases 13 Prohibition on Contesting Liens 34 2.3 Sale No New Liens 34 2.4 Similar Liens and Assignment 15 2.4 Fees 15 Agreements 35 2.5 Computation and PaymentsGerman Real Estate 36 III. PRIORITIES AND AGREEMENTS OF PARI PASSU SECURED PARTIES WITH RESPECT TO COMMON Pari PASSU COLLATERAL 36 3.1 Priority of Claims 36 3.2 Actions with Respect to Common Pari Passu Collateral 36 3.3 No Interference; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements Payment Over 37 3.4 Automatic Release of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 ExistenceLiens; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Amendments to Pari Passu Security Documents 25 3.15 Principal Place 38 3.5 Insurance 38 3.6 Benefit of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance the Article 39 IV. PRIORITIES AND AGREEMENTS WITH RESPECT TO COMMON SUBORDINATED LIEN COLLATERAL 39 4.1 Priority of Claims 39 4.2 Actions with Money Laundering Respect to Common Subordinated Lien Collateral 39 4.3 No Interference; Payment Over 40 4.4 Automatic Release of Liens; Amendments to Subordinated Lien Security Documents 41 4.5 Insurance 42 4.6 Benefit of the Article 42 V. ENFORCEMENT 42 5.1 Exercise of Remedies — Restrictions on Pari Passu Secured Parties and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent Subordinated Lien Secured Parties 42 5.2 Exercise of Remedies — Restrictions on Revolving Credit Claimholders and Subordinated Lien Secured Parties 47 5.3 Exercise of Remedies — Collateral Access Rights 52 5.4 Exercise of Remedies — Intellectual Property Rights/Access to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Information/Use of Equipment 54 5.5 Exercise of Remedies — Set Off and Tracing of and Priorities in Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3255

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Page (d) Corporate Authorization. 31 (e) Secretary’s Certificate. 31 (f) Other Definitional Provisions 12 Section 2 - documents. 31 7.2 Deliveries of PainCare. 31 (a) Consideration. 31 (b) Resolutions. 31 (c) Other Documents. 31 8. CONDITIONS TO THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure OBLIGATIONS OF THE PARTIES 31 8.1 Conditions for Making Purchases 13 2.3 Sale the Benefit of PainCare and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements the Subsidiary. 31 8.2 Conditions for the Benefit of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etcthe Shareholder. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc9. COVENANTS. 32 5.13 Extension 9.1 Deliveries. 32 9.2 Post-Closing General Covenants. 32 9.3 Tax Returns. 32 9.4 Transition. 32 9.5 Litigation Support. 32 9.6 Consents. 33 9.7 Capital Adjustments. 33 10. SURVIVAL AND INDEMNIFICATION. 33 10.1 Survival of Representations and Warranties. 33 10.2 Indemnification Provisions for the Benefit of PainCare and Subsidiary. 34 10.3 Indemnification Provisions for the Benefit of the Shareholder. 34 10.4 Matters Involving Third Parties. 34 (a) Notification. 34 (b) Defense by Indemnifying Party. 34 (c) Satisfactory Defense. 35 (d) Conditions. 35 10.5 Right to Set-Off. 35 10.6 Materiality. 35 10.7 Limitation. 36 TABLE OF CONTENTS Page 11. RESTRICTIVE COVENANTS; CONFIDENTIALITY. 36 11.1 Restrictive Covenants. 36 (a) Restricted Period. 36 (b) Consideration. 37 (c) Third-Party Beneficiaries. 37 11.2 Defenses. 37 11.3 No Running of Covenant During Breach. 37 11.4 Blue Pencil Doctrine. 38 11.5 Confidentiality, Press Releases, and Public Announcements. 38 11.6 Conduct of Business. 38 11.7 No Third-Party Beneficiaries. 40 12. MISCELLANEOUS 40 12.1 Entire Agreement. 40 12.2 Succession and Assignment. 41 12.3 Counterparts. 41 12.4 Headings. 41 12.5 Notices. 41 12.6 Governing Law; Jurisdiction; Attorney’s Fees. 42 12.7 Amendments and Waivers. 42 12.8 Severability. 42 12.9 Expenses. 42 12.10 Further Assurances. 42 12.11 Construction. 42 12.12 Survival. 43 12.13 Incorporation of Exhibits and Schedules. 43 12.14 Submission to Jurisdiction. 43 MERGER AGREEMENT AND PLAN OF REORGANIZATION THIS MERGER AGREEMENT AND PLAN OF REORGANIZATION (the “Agreement”) is made and entered into effective the 25th day of May, 2004 (the “Execution Date”) by and among PAINCARE HOLDINGS, INC., a Florida corporation (“PainCare”), PAINCARE ACQUISITION COMPANY XII, INC., a Florida corporation (“Subsidiary”), in which PainCare and the Subsidiary are sometimes referred to herein as the “Acquiring Companies”, and GEORGIA SURGERY CENTERS, INC., a Georgia corporation (the “Company”), and XXXXXX X. XXXXXXX, M.D., an individual (“Xx. Xxxxxxx” or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32sometimes “Shareholder”).

TABLE OF CONTENTS. Section 1 - Page 1. DEFINITIONS 1 1.1 Certain Defined Terms 1 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale 2. [THIS SECTION IS RESERVED] 23 3. [THIS SECTION IS RESERVED] 23 4. TERM LOAN 23 4.1 Term Loan 23 4.2 Accrual of Interest and Assignment 15 2.4 Fees 15 2.5 Computation and Maturity; Evidence of Indebtedness 23 4.3 Repayment of Principal 24 4.4 Term Loan Rate Requests; Conversions of Advances of Term Loan 24 4.5 Base Rate Advance in Absence of Election or Upon Default 25 4.6 Interest Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements Default Interest 25 4.7 Optional Prepayment of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases Term Loans 26 4.8 Mandatory Prepayment of Purchased Assets: Deemed Collections 20 2.13 Application Term Loans 26 4.9 Use of Collections 21 Section 3 - Proceeds 27 5 CONDITIONS 28 5.1 Conditions of Initial Advances 28 5.2 Continuing Conditions 32 6 REPRESENTATIONS AND WARRANTIES 22 3.1 32 6.1 Corporate Authority 32 6.2 Due Authorization 32 6.3 Good Title; Leases:; Assets; No Liens 32 6.4 Taxes 33 6.5 No Defaults 33 6.6 Enforceability of Agreement and Loan Documents 33 6.7 Compliance with Laws 33 6.8 Non-contravention 34 6.9 Litigation 34 6.10 Consents, Approvals and Filings, Etc. 34 6.11 Agreements Affecting Financial Condition 22 3.2 35 6.12 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Informationor Margin Stock 35 6.13 ERISA 35 6.14 Conditions Affecting Business or Properties 35 6.15 Environmental and Safety Matters 35 6.16 Subsidiaries 36 6.17 Management Agreements 36 6.18 Material Contracts 36 6.19 Franchises, Patents, Copyrights, Tradenames, etc. 25 3.13 36 6.20 Capital Structure 36 6.21 Accuracy of Information 37 6.22 Solvency 25 3.14 Security 37 6.23 Employee Matters 37 6.24 No Misrepresentation 38 6.25 Corporate Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - Corporate Existence 38 7. AFFIRMATIVE COVENANTS 29 5.1 38 7.1 Financial Statements 29 5.2 38 7.2 Certificates; Other Information 29 5.3 39 7.3 Payment of Obligations 30 5.4 40 7.4 Conduct of Business and Maintenance of Existence; Compliance 30 5.5 with Laws 40 7.5 Maintenance of Property; Insurance 30 5.6 41 7.6 Inspection of Property; Books and Records, Discussions 41 7.7 Notices 42 7.8 Hazardous Material Laws 43 7.9 Financial Covenants 43 7.10 Governmental and Other Approvals 44 7.11 Compliance with ERISA; Discussions 30 5.7 ERISA Notices 30 5.8 45 7.12 Defense of Collateral 45 7.13 Future Subsidiaries; Additional Collateral 45 7.14 Accounts 47 7.15 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 47 7.16 Hedging Transaction 47 7.17 Consent of Inbound Licensors 47 7.18 Domain Names 47 7.19 Further Assurances 31 5.11 Officesand Information 47 8. NEGATIVE COVENANTS 48 8.1 Limitation on Debt 48 8.2 Limitation on Liens 49 8.3 Acquisitions 50 8.4 Limitation on Mergers, RecordsDissolution or Sale of Assets 50 8.5 Restricted Payments 51 8.6 Limitation on Capital Expenditures 51 8.7 Limitation on Investments, Books Loans and Advances 52 8.8 Transactions with Affiliates 53 8.9 Sale-Leaseback Transactions 53 8.10 Limitations on Other Restrictions 53 8.11 Prepayment of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Debt; Deferred RMN Payments 53 8.12 Amendment of Receivables 32 5.14 Status Subordinated Debt Documents 54 8.13 Modification of Scheduled Receivables 32Certain Agreements 54 8.14 Management Fees 54 8.15 Fiscal Year 54 9. DEFAULTS 54 9.1 Events of Default 54 9.2 Exercise of Remedies 57 9.3 Rights Cumulative 57 9.4 Waiver by Borrowers of Certain Laws 57 9.5 Waiver of Defaults 57 9.6 Set Off 58 10. PAYMENTS, RECOVERIES AND COLLECTIONS 58 10.1 Payment Procedure 58 10.2 Application of Proceeds of Collateral 60 10.3 Pro-rata Recovery 60 10.4 Treatment of a Defaulting Lender 60 11. CHANGES IN LAW OR CIRCUMSTANCES; INCREASED COSTS 61 11.1 Reimbursement of Prepayment Costs 61 11.2 Eurodollar Lending Office 62 11.3 Circumstances Affecting LIBOR Rate Availability 62 11.4 Laws Affecting LIBOR Rate Availability 63 11.5 Increased Cost of Advances Carried at the LIBOR Rate 63 11.6 Capital Adequacy and Other Increased Costs 64 11.7 Right of Lenders to Fund through Branches and Affiliates 65 11.8 Margin Adjustment 65 12. AGENT 66 12.1 Appointment of Agent 66 12.2 Deposit Account with Agent or any Lender 66 12.3 Scope of Agent’s Duties 66 12.4 Successor Agent 67 12.5 Credit Decisions 67 12.6 Authority of Agent to Enforce This Agreement 68 12.7 Indemnification of Agent 68 12.8 Knowledge of Default 68 12.9 Agent’s Authorization; Action by Lenders 69 12.10 Enforcement Actions by the Agent 69 12.11 Collateral Matters 69 12.12 Agents in their Individual Capacities 70 12.13 Agent’s Fees 70 12.14 Documentation Agent or other Titles 70 12.15 No Reliance on Agent’s Customer Identification Program 71 12.16 Escalate Intercreditor Agreement 71 13. MISCELLANEOUS 71 13.1 Accounting Principles 71 13.2 Consent to Jurisdiction 71 13.3 Law of Texas 72 13.4 Interest 72 13.5 Closing Costs and Other Costs; Indemnification 73 13.6 Notices 74 13.7 Further Action 75 13.8 Successors and Assigns; Participations; Assignments 75 13.9 Counterparts 78 13.10 Amendment and Waiver 78 13.11 Confidentiality 80 13.12 Substitution or Removal of Lenders 80 13.13 Withholding Taxes 81 13.14 Taxes and Fees 82 13.15 WAIVER OF JURY TRIAL 82 13.16 USA Patriot Act Notice 82 13.17 Complete Agreement; Conflicts 82 13.18 Severability 83 13.19 Table of Contents and Headings; Section References 83 13.20 Construction of Certain Provisions 83 13.21 Independence of Covenants 83 13.22 Electronic Transmissions 83 13.23 Advertisements 84 13.24 Reliance on and Survival of Provisions 84 13.25 Joint and Several Liability 84 EXHIBITS A FORM OF ASSIGNMENT AGREEMENT B FORM OF COVENANT COMPLIANCE REPORT C FORM OF INTELLECTUAL PROPERTY SECURITY AGREEMENT D FORM OF SECURITY AGREEMENT E-1 FORM OF TERM LOAN A NOTE F FORM OF TERM LOAN A RATE REQUEST G LESSOR’S SUBORDINATION AGREEMENT SCHEDULES

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 ​ ​ ​ ​ ​ ​ ​ Page Article I Definitions; Interpretation ​ 4 1.1 Defined Definitions ​ 4 1.2 ​ Interpretation ​ 4 ​ ​ ​ ​ ​ Article II Purchase and Sale of Acquired Interests ​ 5 2.1 ​ Purchase and Sale of Acquired Interests ​ 5 2.2 ​ Total Consideration ​ 5 2.3 ​ Unpaid Company Transaction Expenses ​ 5 2.4 ​ Withholding Tax ​ 5 ​ ​ ​ ​ ​ Article III Closing ​ 6 3.1 ​ Closing ​ 6 3.2 ​ Delivery of Acquired Interests ​ 6 3.3 ​ Delivery by Purchaser of Purchase Price at Closing ​ 6 ​ ​ ​ Article IV Representations and Warranties Relating to Sellers ​ 6 4.1 ​ Standing ​ 6 4.2 ​ Title to Acquired Interests ​ 6 4.3 ​ Authority; Execution and Delivery; Enforceability. ​ 6 4.4 ​ Consents and Authorizations; No Conflicts ​ 7 4.5 ​ Brokers ​ 7 4.6 ​ Solvency ​ 7 4.7 ​ Proceedings; Orders ​ 7 4.8 ​ Investment Representations ​ 7 ​ ​ ​ ​ ​ Article V Representations and Warranties Relating to the Company ​ 8 5.1 ​ Organization and Good Standing ​ 8 5.2 ​ Equity Securities; Capitalization. ​ 9 5.3 ​ Authority; Execution and Delivery; Enforceability. ​ 10 5.4 ​ Consents and Authorizations; No Conflicts ​ 10 5.5 ​ Financial Matters. ​ 10 5.6 ​ No Undisclosed Liabilities ​ 12 5.7 ​ Absence of Changes or Events ​ 12 5.8 ​ Indebtedness ​ 14 5.9 ​ Deposits ​ 14 5.10 ​ Title to Assets; Real Property. ​ 15 5.11 ​ Intellectual Property. ​ 15 5.12 ​ Material Contracts. ​ 18 5.13 ​ Insurance ​ 21 5.14 ​ Legal Proceedings; Orders. ​ 21 5.15 ​ Compliance with Laws; Permits ​ 22 5.16 ​ Taxes ​ 22 5.17 ​ Employee Benefit Matters. ​ 25 5.18 ​ Employment Matters. ​ 28 5.19 ​ Environmental Matters ​ 29 5.20 ​ Client Relations ​ 30 5.21 ​ Vendors and Suppliers ​ 31 ​ ​ i ​ ​ 5.22 ​ Brokers ​ 31 5.23 ​ Product and Service Warranty; Service Levels; Liability ​ 31 5.24 ​ Affiliate Transactions. ​ 31 5.25 ​ Certain Payments ​ 32 5.26 ​ Bank Accounts ​ 32 5.27 ​ Books and Records ​ 32 5.28 ​ Full Disclosure ​ 33 ​ ​ ​ ​ ​ Article VI Representations and Warranties of Purchaser ​ 33 6.1 ​ Organization and Good Standing ​ 33 6.2 ​ Equity Securities; Capitalization. ​ 33 6.3 ​ Authority; Execution and Delivery; Enforceability ​ 34 6.4 ​ Consents and Authorizations; No Conflicts ​ 34 6.5 ​ Financial Matters ​ 35 6.6 ​ No Undisclosed Liabilities ​ 36 6.7 ​ Absence of Changes or Events ​ 36 6.8 ​ Indebtedness ​ 39 6.9 ​ Deposits ​ 39 6.10 ​ Title to Assets; Real Property. ​ 39 6.11 ​ Intellectual Property. ​ 40 6.12 ​ Material Contracts ​ 42 6.13 ​ Insurance ​ 45 6.14 ​ Legal Proceedings; Orders ​ 45 6.15 ​ Compliance with Laws; Permits ​ 46 6.16 ​ Taxes ​ 46 6.17 ​ Employee Benefit Matters. ​ 49 6.18 ​ Employment Matters. ​ 51 6.19 ​ Client Relations ​ 53 6.20 ​ Vendors and Suppliers ​ 54 6.21 ​ Brokers ​ 54 6.22 ​ Product and Service Warranty; Service Levels; Liability ​ 54 6.23 ​ Affiliate Transactions. ​ 54 6.24 ​ Certain Payments ​ 55 6.25 ​ Books and Records ​ 55 6.26 ​ Full Disclosure ​ 55 6.27 ​ Investment Purpose ​ 55 ​ ​ ​ ​ ​ Article VII Covenants ​ 56 7.1 ​ Allocation Schedule ​ 56 7.2 ​ Tax Matters. ​ 56 7.3 ​ Expenses; Transfer Taxes ​ 60 7.4 ​ Further Assurances; No Avoidance ​ 60 7.5 ​ Publicity ​ 60 7.6 ​ Seller Release. ​ 60 7.7 ​ Employee Matters. ​ 61 7.8 ​ Post-Closing Covenants ​ 62 7.9 ​ Non-Competition; Non-Solicitation. ​ 63 ​ ​ ​ ​ ​ Article VIII Closing Deliverables ​ 65 8.1 ​ Sellers’ Closing Deliveries ​ 65 8.2 ​ Purchaser Closing Deliveries ​ 66 ​ ​ ii ​ ​ Article IX Survival; Indemnification ​ 66 9.1 ​ Survival ​ 66 9.2 ​ Indemnification by Sellers ​ 67 9.3 ​ Indemnification by Purchaser. ​ 68 9.4 ​ Claim Notice. ​ 69 9.5 ​ Exclusive Remedy; No Double Recovery ​ 72 9.6 ​ Remedies Cumulative; Specific Performance ​ 72 9.7 ​ Indemnification in Case of Strict Liability or Indemnitee Negligence ​ 73 9.8 ​ Determination of Losses ​ 73 9.9 ​ Treatment of Indemnity Payments for Tax Purposes ​ 73 9.10 ​ Payment or Reimbursement of Losses ​ 73 ​ ​ ​ ​ ​ Article X General Provisions ​ 73 10.1 ​ Disclosure Schedules ​ 73 10.2 ​ Assignment ​ 74 10.3 ​ No Third-Party Beneficiaries ​ 74 10.4 ​ Notices ​ 74 10.5 ​ Counterparts ​ 74 10.6 ​ Entire Agreement; Exclusivity of Agreement ​ 74 10.7 ​ Amendments ​ 75 10.8 ​ Severability ​ 75 10.9 ​ Governing Law; Venue; Waiver of Jury Trial ​ 75 10.10 ​ Waiver in Writing ​ 76 10.11 ​ Construction ​ 76 ​ APPENDICES, EXHIBITS, AND SCHEDULES Appendices Appendix ADefined Terms 1 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 2.1 Appendix BNotice Addresses Exhibits Exhibit AForms of Key Employee Agreement Sellers Disclosure Schedules Purchaser’s Investment Limits 13 2.2 Procedure Disclosure Schedules ​ ​ ​ ​ MEMBERSHIP INTEREST PURCHASE AGREEMENT This Membership Interest Purchase Agreement (this “Agreement”), dated as of __, 2022 (the “Effective Date”), is among Display Social, Inc., a Delaware corporation (“Purchaser”); Infinite Reality, LLC, a California limited liability company (the “Company”); the members, option holders, warrant holders and any other holder of securities or instruments convertible into membership interests of the Company listed on Schedule 7.1 hereto (each referred to as a “Seller” and collectively referred to as “Sellers”); and, solely for Making Purchases 13 2.3 Sale the limited purposes set forth herein, Xxxxxxx Xxxx, as the Sellers’ Representative (the “Sellers’ Representative”). Purchaser and Assignment 15 2.4 Fees 15 2.5 Computation Sellers are referred to in this Agreement collectively as the “Parties,” and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32individually as a “Party.”

TABLE OF CONTENTS. Section 1 - DEFINITIONS SECTION 1. DEFINITIONS; RULES OF CONSTRUCTION 1 1.1 Defined Terms Definitions 1 1.2 Other Definitional Accounting Terms 49 1.2.1 Generally 49 1.2.2 Changes in GAAP 49 1.3 Certain Matters of Construction 50 1.4 Proportionate Adjustment 50 1.5 Currency Equivalents 51 1.5.1 Calculations 51 1.5.2 Judgments 51 1.6 Additional Alternate Currencies 51 SECTION 2. CREDIT FACILITIES 52 2.1 Revolver Commitment 52 2.1.1 Revolver Loans 52 2.1.2 Revolver Notes 52 2.1.3 Voluntary Reduction or Termination of Revolver Commitments 52 2.1.4 Overadvances 52 2.1.5 Protective Advances 53 2.2 Incremental Availability 53 2.2.1 Request for Increase 53 2.2.2 Lender Elections to Increase 53 2.2.3 Notification by Administrative Agent; Additional Lenders 53 2.2.4 Effective Date and Allocations 53 2.2.5 Conditions to Effectiveness of Increase 54 2.2.6 Pricing 54 2.2.7 Amendments 54 2.2.8 Conflicting Provisions 12 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 54 2.3 Sale Letter of Credit Facility 54 2.3.1 Issuance of Letters of Credit 54 2.3.2 Reimbursement; Participations 56 2.3.3 Cash Collateral 57 2.3.4 Resignation of Issuing Bank 57 SECTION 3. INTEREST, FEES AND CHARGES 58 3.1 Interest 58 3.1.1 Rates and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements Payment of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Interest 58 3.1.2 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 LIBOR to Outstanding Loans 58 3.1.3 Interest Periods 59 3.1.4 Interest Rate Not Ascertainable 59 3.2 No Change 22 Fees 59 3.2.1 Unused Line Fee 59 3.2.2 LC Facility Fees 60 3.2.3 Other Fees 60 3.3 Existence; Compliance with Law 22 Computation of Interest, Fees, Yield Protection 60 3.4 Power; Authorization; Enforceable Reimbursement Obligations 23 60 3.5 No Legal Bar 23 Illegality 61 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of InformationIncreased Costs 62 3.6.1 Increased Costs Generally 62 3.6.2 Capital Requirements, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting 62 3.6.3 Certificates for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Reimbursement 62 3.6.4 Delay in Requests 62 3.6.5 Reserves on LIBOR Loans 63

TABLE OF CONTENTS. Section ARTICLE 1 - – DEFINITIONS 1 1.1 Defined Terms ARTICLE 2 – PURCHASE AND SUPPLY-GENERAL OBLIGATIONS 1 1.2 Other Definitional Provisions 12 Section 2.1. Basic Obligations 1 2.2. Use of Placebo, Clinical Product and Finished Product Supplied 1 2.3. XXXXXX XXXXX’X Warranties 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale 2.4. Continuing Guarantee 3 2.5. Quality Assurance Rights and Assignment 15 2.4 Fees 15 2.5 Computation Obligations; Inspections 3 2.7. Recalls and Payments; Commitment Fees 15 2.6 Pro Rata Treatment Complaints 4 2.8. Consents and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Drug Application 5 ARTICLE 3 – DEVELOPMENT SUPPLIES – FORECAST – ORDER AND DELIVERY PROCEDURES – PRICE 5 3.1. Forecasts 5 3.2. Firm Orders 6 3.3. Purchase Price Adjustments/Deferred Purchase 6 ARTICLE 4 – COMMERCIAL SUPPLIES FORECAST – ORDER AND DELIVERY PROCEDURES – QUALITY CONTROL – CLAIMS – SAFETY STOCK – STABILITY STUDIES 7 4.1. Forecasts and Orders 7 4.2. Launch Period for the USA and Canada 8 4.3. Delivery Obligations 9 4.4. Quality Control; Change in Specifications 9 4.5. Claims 11 4.6. Title; Risk of Loss 12 4.7. Safety Stock 12 4.8. Stability Program and Additional Testing 12 ARTICLE 5 – COMMERCIAL SUPPLIES – PRICE 12 5.1. Formula Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 - General 12 5.2. Generic Competition and Competing Products 13 5.3. Application of Collections Formula Price 14 5.4. Bottom Price 15 5.5. Sales Reports; Right to Audit 17 5.6. Invoicing Procedure 18 5.7. Payments 18 5.8. Improvements 19 ARTICLE 6 – TERM; TERMINATION 19 6.1. Term - Renewal 19 6.2. Termination for Cause 19 6.3. Consequences of Termination; Surviving Obligations 21 Section 3 - REPRESENTATIONS 6.4. Exercise of Right to Terminate – Damages 21 ARTICLE 7 – INDEMNIFICATION AND WARRANTIES INSURANCE 21 7.1. Indemnification by XXXXXX XXXXX 21 7.2. Indemnification by NOVACEA 22 3.1 7.3. Indemnification Procedures 22 7.4. Subrogation 23 7.5. Indemnification not Cumulative 23 7.6. XXXXXX XXXXX Insurance 23 7.7. NOVACEA Insurance 24 ARTICLE 8 – FORCE MAJEURE 24 8.1. Events of Force Majeure 24 8.2. Notice of Force Majeure 24 8.3. Quantities Not Shipped 24 8.4. Allocation of Capacity 24 8.5. Termination 24 ARTICLE 9 – CONFIDENTIALITY 25 9.1. Treatment of Confidential Information 25 9.2. Right to Disclose 25 9.3. Release from Restrictions 25 9.4. Confidentiality of Financial Condition 22 3.2 Terms 26 ARTICLE 10 – ASSIGNMENT OF AGREEMENT 26 10.1. General 26 10.2. Assignment by XXXXXX XXXXX 26 10.3. Assignment by NOVACEA 26 10.4. Definition 27 10.5. Consequences of Assignment 27 ARTICLE 11 – INDEPENDENT CONTRACTORS 27 ARTICLE 12 – NOTICES 28 ARTICLE 13 – APPLICABLE LAW; DISPUTE RESOLUTION 29 13.1. Applicable Law 29 13.2. Dispute Resolution 29 13.3. Arbitration 29 ARTICLE 14 – MISCELLANEOUS 30 14.1. Entire Agreement; Modification; Counterparts 30 14.2. Relationship Between the Parties 30 14.3. Non-Waiver 30 14.4. No Change 22 3.3 Existence; Compliance Third Party Beneficiaries 30 14.5. Successors and Assigns 30 14.6. Severability 30 14.7. Interpretation 31 ARTICLE 15 – ELECTION OF DOMICILE 31 iii SCHEDULES Schedule 1. Definitions 32 Schedule 2.3.1(a) Placebo Specifications 40 Schedule 2.3.1(b) Clinical Product Specifications 46 Schedule 2.3.1(c) Finished Product Specifications 52 Schedule 2.5.1(a) Quality Agreement for Placebo and Clinical Product 57 Schedule 2.5.1(b) Quality Agreement for Finished Product 58 Schedule 4.1.1. Format for Forecast and Firm Orders 59 SUPPLY AGREEMENT THIS SUPPLY AGREEMENT (the “Agreement”) is executed on July 19, 2005 (the “Effective Date”) by and between XXXXXX XXXXX MEDICAMENT S.A., a corporation organized under the laws of France with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership headquarters at 00, xxxxx Xxxx-Xxxxx, 92100 BOULOGNE, FRANCE (“XXXXXX XXXXX”), and NOVACEA, INC. a Delaware corporation with a principal place of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Informationbusiness at 000 Xxxxxxx Xxxxxxxxx, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 OfficesXxxxx 000, RecordsXXXXX XXX XXXXXXXXX, Books of Account 31 5.12 SalesXXXXXXXXXX 00000, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32X.X.X. (“NOVACEA”).

TABLE OF CONTENTS. Section 1 - DEFINITIONS ARTICLE I. 1 1.1 Defined Terms Leased Property; Term. 1 1.2 Other Definitional Provisions ARTICLE II. 2 2.1 Definitions 2 ARTICLE III. 12 Section 2 - THE INVESTMENTS 3.1 Rent. 12 3.2 [Intentionally Omitted] 13 2.1 Purchaser’s Investment 3.3 [Intentionally Omitted] 14 3.4 [Intentionally Omitted] 14 3.5 Additional Charges 14 3.6 Late Payment of Rent 14 3.7 Net Lease 14 ARTICLE IV. 14 4.1 Impositions. 14 4.2 Utilities 16 4.3 Insurance 16 4.4 Impound Account 16 4.5 Tax Service 16 4.6 Initial Facility Mortgages 16 ARTICLE V. 17 5.1 No Termination, Abatement, etc 17 5.2 Termination with Respect to Fewer than All of the Facilities 18 ARTICLE VI. 18 6.1 Ownership of the Leased Property 18 6.2 Personal Property 18 6.3 Transfer of Personal Property and Capital Additions to Lessor 18 ARTICLE VII. 19 7.1 Condition of the Leased Property 19 7.2 Use of the Leased Property. 19 7.3 Lessor to Grant Easements, etc 20 7.4 Preservation of Facility Value 20 ARTICLE VIII. 21 8.1 Compliance with Legal and Insurance Requirements, Instruments, etc 21 ARTICLE IX. 21 9.1 Maintenance and Repair. 21 9.2 Encroachments, Restrictions, Mineral Leases, etc 22 ARTICLE X. 23 10.1 Construction of Capital Additions to the Leased Property. 23 10.2 Construction Requirements for all Capital Additions 24 10.3 Funding by Lessor. 25 10.4 Capital Additions Financed by Lessee 26 ARTICLE XI. 27 11.1 Liens 27 ARTICLE XII. 27 12.1 Permitted Contests 27 ARTICLE XIII. 28 13.1 General Insurance Requirements 28 13.2 Replacement Cost 29 13.3 Additional Insurance 29 13.4 Waiver of Subrogation 30 13.5 Policy Requirements 30 13.6 Increase in Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale 30 13.7 Blanket Policies and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements Policies Covering Multiple Locations 30 13.8 No Separate Insurance 31 ARTICLE XIV. 31 14.1 Insurance Proceeds 31 14.2 Insured Casualty. 31 14.3 Uninsured Casualty 32 14.4 No Abatement of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Rent 32 14.5 Waiver 32 14.6 Damage Near End of Term 32 ARTICLE XV. 33 15.1 Condemnation. 33 15.2 Award-Distribution 33 15.3 Temporary Taking 33 ARTICLE XVI. 33 16.1 Events of Default 33 16.2 Certain Remedies 36 16.3 Damages 36 16.4 Receiver 37 16.5 Lessee's Obligation to Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 38 16.6 Waiver 38 16.7 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Funds 38 16.8 [Reserved] 38 16.9 [Reserved] 38 16.10 Landlord's Security Interest 38 ARTICLE XVII. 39 17.1 Lessor's Right to Cure Lessee's Default 39 ARTICLE XVIII. 40 18.1 Purchase of the Leased Property 40 ARTICLE XIX. 40 19.1 Renewal Terms 40 ARTICLE XX. 40 20.1 Holding Over 40 ARTICLE XXI. 41 21.1 Letters of Credit 41 21.2 Times for Obtaining Letters of Credit 41 21.3 Reduction in Letter of Credit Amount 42 21.4 Uses of Letters of Credit 42 ARTICLE XXII. 42 22.1 Risk of Loss 42 ARTICLE XXIII. 42 23.1 General Indemnification 42 ARTICLE XXIV. 43 24.1 Subletting and Assignment. 43 24.2 Consent 44 24.3 Costs 46 24.4 No Release of Lessee's Obligations 46 24.5 Assignment of Lessee's Rights Against Sublease 46 24.6 Reserved 47 24.7 REIT Protection 47 24.8 Prepaid Rent 47 ARTICLE XXV. 47 25.1 Officer's Certificates and Financial Condition 22 3.2 Statements. 47 25.2 Charges 49 ARTICLE XXVI. 50 26.1 Lessor's Right to Inspect and Show the Leased Property and Capital Additions 50 ARTICLE XXVII. 50 27.1 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 Waiver 50 ARTICLE XXVIII. 50 28.1 Remedies Cumulative 50 ARTICLE XXIX. 50 29.1 Acceptance of Surrender 50 ARTICLE XXX. 50 30.1 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership Merger 50 ARTICLE XXXI. 50 31.1 Conveyance by Lessor 50 31.2 New Lease 51 ARTICLE XXXII. 52 32.1 Quiet Enjoyment 52 ARTICLE XXXIII. 52 33.1 Notices 52 ARTICLE XXXIV. 53 34.1 Appraiser 53 ARTICLE XXXV. 54 ARTICLE XXXVI. 54 36.1 Lessor May Grant Liens 54 36.2 Attornment 54 ARTICLE XXXVII. 55 37.1 Hazardous Substances 55 37.2 Notices 55 37.3 Remediation 55 37.4 Indemnity 55 37.5 Environmental Inspection 56 ARTICLE XXXVIII. 57 38.1 Memorandum of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy Lease 57 ARTICLE XXXIX. 57 39.1 Sale of Information, etcAssets 57 ARTICLE XL. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc57 40.1 Subdivision 57 ARTICLE XLI. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3258 41.1 Authority 58 ARTICLE XLII. 58 42.1 Attorneys' Fees 58 ARTICLE XLIII. 58 43.1 Brokers 58 ARTICLE XLIV. 59 44.1

TABLE OF CONTENTS. Section 1 - Article I. DEFINITIONS 1 Section 1.1 Defined Terms 1 Section 1.2 Other Definitional Provisions 12 Classification of Loans and Borrowings 24 Section 2 - 1.3 Terms Generally 24 Section 1.4 Accounting Terms; GAAP 24 Section 1.5 Currency Translation 25 Article II. THE INVESTMENTS 13 CREDITS 25 Section 2.1 Purchaser’s Investment Limits 13 Commitments; Existing Letters of Credit 25 Section 2.2 Procedure Loans and Borrowings 25 Section 2.3 Requests for Making Purchases 13 2.3 Sale Revolving Borrowings 27 Section 2.4 Swingline Loans 28 Section 2.5 Letters of Credit 29 Section 2.6 Funding of Borrowings 33 Section 2.7 Interest Elections 34 Section 2.8 Termination and Assignment 15 2.4 Reduction of Commitments 36 Section 2.9 Repayment of Loans; Evidence of Debt 36 Section 2.10 Prepayment of Loans 37 Section 2.11 Fees 15 2.5 Computation and Payments38 Section 2.12 Interest 39 Section 2.13 Alternate Rate of Interest 41 Section 2.14 Increased Costs 42 Section 2.15 Break Funding Payments 43 Section 2.16 Taxes 44 Section 2.17 Payments Generally; Commitment Fees 15 2.6 Pro Rata Treatment Treatment; Sharing of Set-offs 48 Section 2.18 Mitigation Obligations; Replacement of Lenders 50 Section 2.19 Foreign Subsidiary Costs 50 Section 2.20 Redenomination of Certain Alternative Currencies 51 Section 2.21 Designation of US Subsidiary Borrowers and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Foreign Borrowers 51 Section 3 - 2.22 Increase in Commitments 52 Section 2.23 Defaulting Lenders 53 Article III. REPRESENTATIONS AND WARRANTIES 22 55 Section 3.1 Organization; Powers 55 Section 3.2 Authorization; Enforceability 55 Section 3.3 Governmental Approvals; No Conflicts 55 Section 3.4 Financial Condition 22 3.2 No Change 22 3.3 Existence; 55 Section 3.5 Properties 56 Section 3.6 Litigation and Environmental Matters 56 Section 3.7 Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 Laws and Agreements 56 Section 3.8 Ownership of Property; Liens 24 Investment and Holding Company Status 56 Section 3.9 Taxes 24 56 Section 3.10 ERISA and Pensions 57 Section 3.11 Disclosure 57 Section 3.12 Subsidiaries 58 Section 3.13 Federal Regulations 24 3.11 Investment Company Act; Other 58 Section 3.14 Sanctions Laws and Regulations 24 3.12 Accuracy of Information, etc58 Article IV. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting CONDITIONS 58 Section 4.1 Effective Date 58 Section 4.2 Each Credit Event 59 Section 4.3 Initial Credit Event for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 each Additional Borrower 60 Article V. AFFIRMATIVE COVENANTS 60 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; and Other Information 29 60 Section 5.2 Notices of Material Events 62 Section 5.3 Existence; Conduct of Business 62 Section 5.4 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 62 Section 5.5 Maintenance of PropertyProperties; Insurance 30 62 Section 5.6 Inspection of Property; Books and Records; Discussions 30 Inspection Rights 63 Section 5.7 Notices 30 Compliance with Laws 63 Section 5.8 Use of Proceeds 31 and Letters of Credit 63 Section 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 OfficesAdditional Subsidiaries 63 Article VI. NEGATIVE COVENANTS 63 Section 6.1 Indebtedness 63 Section 6.2 Liens 64 Section 6.3 Fundamental Changes 66 Section 6.4 Investments, RecordsLoans, Books Advances, Guarantees and Acquisitions 66 Section 6.5 Transactions with Affiliates 67 Section 6.6 Restrictive Agreements 67 Section 6.7 Financial Covenants 68 Section 6.8 Sanctions Laws and Regulations 68 Article VII. EVENTS OF DEFAULT 69 Article VIII. THE AGENTS 71 Article IX. GUARANTEE 73 Article X. MISCELLANEOUS 75 Section 10.1 Notices 75 Section 10.2 Waivers; Amendments 77 Section 10.3 Expenses; Indemnity; Damage Waiver 78 Section 10.4 Successors and Assigns 79 Section 10.5 Survival 83 Section 10.6 Counterparts; Integration; Effectiveness; Electronic Execution 83 Section 10.7 Severability 84 Section 10.8 Right of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment Setoff 84 Section 10.9 Governing Law; Jurisdiction; Consent to Service of Receivables 32 5.14 Status Process 85 Section 10.10 WAIVER OF JURY TRIAL 85 Section 10.11 Headings 85 Section 10.12 Confidentiality 86 Section 10.13 Interest Rate Limitation 87 Section 10.14 Conversion of Scheduled Receivables 32Currencies 87 Section 10.15 Releases of Guarantees 87 Section 10.16 USA PATRIOT Act 88 Section 10.17 No Fiduciary Duty 88 Section 10.18 Liability for Obligations 88 Section 10.19 Representation of Dutch Borrower 88 Section 10.20 Existing Credit Agreement Amended and Restated 88

TABLE OF CONTENTS. Page Section 1 - DEFINITIONS General Terms 1 1.1 Defined Terms Certain Definitions 1 1.2 Other Definitional Provisions 12 Documents; Accounting Terms 15 1.3 Use of Pronouns 16 1.4 Amendments, Etc. 16 Section 2 - THE INVESTMENTS 13 The Loans 16 2.1 Purchaser’s Investment Limits 13 Revolving Credit 16 2.2 Procedure for Making Purchases 13 Term Loan 17 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable 17 2.4 Default Interest 18 2.5 Late Charges 18 2.6 Computations and Manner of Payments 18 (a) Time and Place 18 (b) Computation of Interest 18 (c) Business Day 18 2.7 Fees 18 2.8 Accounts Stated 19 Section 3 Representations And Warranties 19 3.1 Organization; Good Standing 19 3.2 Authority, Enforceability 19 3.3 Corporate Organization 19 3.4 Financial Condition 20 3.5 Debt, Liens, Liabilities 20 3.6 Compliance with Legal Requirements, Agreements, Etc. 20 3.7 Taxes 20 3.8 No Leases 21 3.9 Material Customer Agreements 21 3.10 Conduct of Business 21 3.11 Title to Properties 22 3.12 No Consents Necessary 22 3.13 ERISA 22 3.14 Solvency 22 3.15 No Environmental Hazard 22 3.16 No Margin Stock 23 3.17 Patents, Trademarks, Franchises, Licenses, Etc. 24 3.18 No Pending Litigation 24 3.19 OFAC 24 3.20 Investment Company Act 24 3.21 Securities Acts 24 3.22 Full Disclosure 25 3.23 Survival of Representations and Warranties 25 Page Section 4 Affirmative Covenants 25 4.1 Reporting Requirements 25 4.2 Legal Requirements 26 4.3 Performance of Obligations; Payment Instructions 31 5.10 of Debt 26 4.4 Compliance with Agreements 27 4.5 Continuity of Senior Management 27 4.6 Principal Accounts 27 4.7 Payment of Expenses 27 4.8 Guaranties, Liens and Security Interest 27 4.9 Payment of Taxes 28 4.10 Adequate Records; Inspection Rights 28 4.11 Maintenance of Existence 29 4.12 Maintenance of Insurance 29 4.13 Maintenance of Properties 30 4.14 Landlord Subordination Agreements 30 4.15 Indemnity 30 4.16 Further Assurances 31 5.11 OfficesSection 5 Negative Covenants 31 5.1 Financial Covenants 31 5.2 Debt 31 5.3 Contingent Liabilities 31 5.4 Liens 32 5.5 Distribution/Advances, RecordsRestricted Payments and Restricted Purchases 32 5.6 Issuance of Borrower’s Capital Stock 32 5.7 Disposal of Properties 32 5.8 Tangible Net Worth 32 5.9 Reorganization, Books of Account 31 5.12 Sales, LiensMerger, Etc. 32 5.10 Transactions with Affiliates 32 5.11 No Change of Location, Trade Names, Etc. 32 5.12 Investments 33 5.13 Extension or Amendment Prepayments of Receivables 32 Other Debt 33 5.14 Status No Change in Business 33 5.15 Fiscal Year 33 5.16 Margin Stock 33 5.17 Limitation on Negative Pledge Clauses 34 5.18 Government Regulation 34 Section 6 General Conditions Of Borrowing 34 6.1 Closing Proceedings 34 6.2 Conditions to Subsequent Advances 36 6.3 Sole Benefit of Scheduled Receivables 32Lender 37 Section 7 Events Of Default And Remedies 37 7.1 Events 37 7.2 Remedies 39 7.3 Cumulative Rights 40 Page

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale (continued) 3.14 Effect of a Benchmark Transition Event 26 3.15 Taxes 27 4. CONDITIONS TO CLOSING. 29 4.1 Closing Deliveries 29 4.2 Truthfulness of Statements as of Closing 32 4.3 Conditions Precedent 32 5. DISBURSEMENTS. 32 5.1 Loan Disbursement 32 5.2 Intentionally Omitted 32 5.3 Intentionally Omitted 32 5.4 Expenses and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - Advances Secured by Security Instrument 32 5.5 Acquiescence not a Waiver 32 5.6 Huntington Swap Agreements 32 6. REPRESENTATIONS AND WARRANTIES 22 3.1 33 6.1 Formation, Qualification and Compliance. 33 6.2 Financial Condition 22 3.2 and Other Information 34 6.3 No Material Adverse Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of 34 6.4 Tax Liability 34 6.5 Title to Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy Survey 34 6.6 Utility Services 35 6.7 Leases 35 6.8 Governmental Requirements 35 6.9 Rights of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Others 36 6.10 Name and Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 36 6.11 Delivery of Documents 36 6.12 ERISA 36 6.13 No Prohibited Persons. 36 6.14 Foreign Person 37 6.15 No Defenses 37 6.16 Defense of Usury 37 6.17 No Conflict/Violation of Law 38 6.18 Consents Obtained 38 6.19 No Litigation 38 6.20 Fraudulent Conveyance 38 6.21 Investment Company Act 38 6.22 Misstatements of Fact 39 6.23 Homestead 39 6.24 Personal Property 39 6.25 Single Asset Real Estate 39 6.26 Government Regulation 39 6.27 Certificate of Beneficial Ownership 39 6.28 Continuing Nature of Representations and Warranties 39 TABLE OF CONTENTS (continued) 7. MAINTENANCE, OPERATION, PRESERVATION AND REPAIR OF PROPERTY 39 7.1 Alterations and Repair 40 7.2 Compliance with Money Laundering 40 7.3 Changes in Property Restrictions 40 8. OTHER AFFIRMATIVE COVENANTS 40 8.1 Existence and Anti-Terrorist Control 40 8.2 Protection of Liens 40 8.3 Notice of Certain Matters 41 8.4 Further Assurances 41 8.5 Financial Statements; Access to Business Information 41 8.6 Books and Records 42 8.7 Project Accounts 42 8.8 Keeping Guarantor Informed 42 8.9 Single Purpose Entity 42 8.10 Additional Banking Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 44 8.11 Tax Shelter Disclosure 45 8.12 Taxes. 45 8.13 Intentionally Omitted 46 8.14 Updated Appraisals 46 8.15 Distributions 47 8.16 Intentionally Omitted 47 8.17 Certificate of Beneficial Ownership 47 8.18 Guarantor Financial Statements 29 5.2 CertificatesCovenants 47 8.19 Liens on Property 47 8.20 Liens on Personal Property 47 8.21 Removal of Personal Property 47 8.22 Organizational Documents 48 8.23 Management Agreement 48 8.24 Limitations on Additional Indebtedness; Other Information 29 5.3 Payment Prohibited Transactions 48 8.25 Leasing 48 8.26 Restrictions on Transfer 49 8.27 Post-Closing Actions 53 9. INSURANCE, CASUALTY AND CONDEMNATION. 53 9.1 Insurance Coverage 53 9.2 Casualty Loss; Proceeds of Obligations 30 5.4 Maintenance Insurance. 55 9.3 Condemnation and Eminent Domain. 57 9.4 Disbursement of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books Proceeds and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, EtcAwards. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 3259

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 (Continued) Page 7.9. Events of Default 49 7.10. Investment Company Act of 1940 50 7.11. Public Utility Holding Company Act 50 7.12. No Material Adverse Financial Change 50 7.13. Financial Information 50 7.14. Factual Information 50 7.15. ERISA 50 7.16. Taxes 50 7.17. No Brokers 50 7.18. Subsidiaries 51 7.19. Status 51 7.20. Patriot Act and Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale Specified Laws; OFAC 51 ARTICLE VIII. AFFIRMATIVE COVENANTS 52 8.1. Notices 52 8.2. Financial Statements, Reports, Etc. 52 8.3. Existence and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements Conduct of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases Operations 55 8.4. Maintenance of Purchased Assets: Deemed Collections 20 2.13 Application Properties 56 8.5. Insurance 56 8.6. Payment of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Obligations 56 8.7. Compliance with Law 22 3.4 PowerLaws 56 8.8. Adequate Books 56 8.9. ERISA 56 8.10. Maintenance of Status 56 8.11. Use of Proceeds 57 8.12. Distributions 57 8.13. Guarantors 57 ARTICLE IX. NEGATIVE COVENANTS 57 9.1. Change in Business 57 9.2. Change of Management of Properties 57 9.3. Change of Borrower Ownership 58 9.4. Use of Proceeds 58 9.5. Liens 58 9.6. Regulation U 59 9.7. Indebtedness and Cash Flow Covenants 59 9.8. Change of Control; AuthorizationMergers and Dispositions 60 9.9. Negative Pledge 60 ARTICLE X. DEFAULTS 60 10.1. Nonpayment of Principal 60 10.2. Certain Covenants 61 TABLE OF CONTENTS (Continued) Page 10.3. Nonpayment of Interest and Other Obligations 61 10.4. Cross Default 61 10.5. Loan Documents 61 10.6. Representation or Warranty 61 10.7. Covenants, Agreements and Other Conditions 61 10.8. No Longer General Partner 61 10.9. Material Adverse Financial Change 61 10.10. Bankruptcy 62 10.11. Legal Proceedings 62 10.12. ERISA 62 10.13. Change in Control 63 10.14. Failure to Satisfy Judgments 63 10.15. Environmental Remediation 63 ARTICLE XI. ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES 63 11.1. Acceleration 63 11.2. Preservation of Rights; Enforceable Obligations 23 3.5 Amendments 63 ARTICLE XII. THE ADMINISTRATIVE AGENT 64 12.1. Appointment 64 12.2. Powers 64 12.3. General Immunity 64 12.4. No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of InformationResponsibility for Loans, Recitals, etc. 25 3.13 Solvency 25 3.14 Security 65 12.5. Action on Instructions of Lenders 65 12.6. Employment of Administrative Agents and Counsel 65 12.7. Reliance on Documents; Counsel 65 12.8. Administrative Agent’s Reimbursement and Indemnification 65 12.9. Rights as a Lender 66 12.10. [reserved]. 66 12.11. Lender Credit Decision 66 12.12. Successor Administrative Agent 66 12.13. Notice of Defaults 67 12.14. Requests for Approval 67 12.15. Copies of Documents 25 3.15 Principal Place 67 12.16. Defaulting Lenders 68 12.17. Delegation to Affiliates 69 12.18. Managing Agents, Syndication Agent, etc. 69 ARTICLE XIII. BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS 69 13.1. Successors and Assigns 69 13.2. Participations 70 13.3. Assignments; Consents 71 TABLE OF CONTENTS (Continued) Page 13.4. Register 73 13.5. [reserved] 73 13.6 Confidentiality 73 13.7 Tax Treatment 74 ARTICLE XIV. GENERAL PROVISIONS 74 14.1. Survival of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance Representations 74 14.2. Governmental Regulation 74 14.3. Taxes 74 14.4. Headings 75 14.5. No Third Party Beneficiaries 75 14.6. Expenses; Indemnification 75 14.7. Severability of Provisions 75 14.8. Nonliability of the Lenders 75 14.9. Choice of Law 76 14.10. Consent to Jurisdiction 76 14.11. Waiver of Jury Trial 76 14.12. Successors and Assigns 76 14.13. Entire Agreement; Modification of Agreement 77 14.14. Dealings with Money Laundering and Antithe Borrower 77 14.15. Set-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 CertificatesOff 78 14.16. Counterparts 78 14.17. Patriot Act CIP Notice 78 ARTICLE XV. NOTICES 79 15.1. Giving Notice; Other Information 29 5.3 Payment Electronic Delivery 79 15.2. Change of Obligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Address 81

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1. Definitions 1 1.1 Defined Terms 1 1.2 Additional Defined Terms 13 1.3 Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 and Interpretive Matters 14 2. Purchase and Sale of the µWave Business 15 2.1 Purchaser’s Investment Limits 13 Purchase and Sale of Assets 15 2.2 Procedure for Making Purchases 13 Excluded Assets 16 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases 17 2.4 Assumed Liabilities 18 2.5 Excluded Liabilities 18 2.6 Further Assurances; Further Conveyances and Assumptions; Consent of Purchased Assets: Deemed Collections Third Parties 20 2.13 Application of Collections 21 Section 3 - REPRESENTATIONS AND WARRANTIES 2.7 Intellectual Property and Information 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with 2.8 Bulk Sales Law 22 3.4 Power2.9 Taxes 22 2.10 Buyer Designee; Transaction in India 24 3. Representations and Warranties of Seller 25 3.1 Organization and Qualification 25 3.2 Subsidiaries 25 3.3 Authorization; Enforceable Obligations 23 Binding Effect 25 3.4 Non-Contravention; Consents 26 3.5 No Legal Bar 23 Purchased Assets 27 3.6 Governmental Permits 27 3.7 Real Estate and Environmental 28 3.8 Compliance With Laws 29 3.9 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 30 3.10 Federal Regulations 24 Business Employees 31 3.11 Investment Company Act; Other Regulations 24 Contracts 33 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates35 3.13 Intellectual Property 35 3.14 µWave Product Liability and Recalls 39 3.15 µWave Product Warranty 40 3.16 Inventory 40 3.17 Customers and Suppliers 40 3.18 Restrictions on the µWave Business 41 3.19 Taxes 41 3.20 Brokers 42 3.21 OCS Compliance 42 3.22 No Other Representations or Warranties 43 4. Representations and Warranties of Buyer 43 4.1 Organization and Qualification 43 4.2 Authorization; Other Information 29 5.3 Payment of Obligations 30 5.4 Maintenance of ExistenceBinding Effect 43 4.3 Non-Contravention; Compliance 30 5.5 Maintenance of Property; Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Consents 44

TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 (CONTINUED) Page 4.14 Brokers, Finders and Financial Advisors 41 4.15 Environmental Matters 41 4.16 Loan Portfolio 43 4.17 Securities Laws 44 4.18 Related Party Transactions 45 4.19 Deposits 45 4.20 Investment Securities and BOLI 45 4.21 Antitakeover Provisions Inapplicable; Required Vote 46 4.22 Registration Obligations 46 4.23 Risk Management Instruments 46 4.24 Fairness Opinion 46 4.25 Intellectual Property 47 4.26 Labor Matters 47 4.27 Accurate Disclosure 48 4.28 Transaction Expenses 48 4.29 Disclaimer of Other Definitional Provisions 12 Section 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale Representations and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 3 - Warranties 49 ARTICLE V REPRESENTATIONS AND WARRANTIES 22 3.1 OF CUNB AND CUB 49 5.1 General 49 5.2 Organization 49 5.3 Capitalization 50 5.4 Authority; No Violation 51 5.5 Consents 52 5.6 Financial Condition 22 3.2 Statements and SEC Documents 52 5.7 Taxes 54 5.8 No Change 22 3.3 ExistenceMaterial Adverse Effect 55 5.9 Material Contracts; Compliance with Law 22 3.4 PowerLeases; Authorization; Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Defaults 56 5.10 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Insurance Coverage 57 5.11 Legal Proceedings 58 5.12 Compliance With Applicable Law 58 5.13 Employee Compensation and Benefit Plans 59 5.14 Brokers, Finders and Financial Advisors 61 5.15 Environmental Matters 61 5.16 Loan Portfolio 62 5.17 Securities Laws 64 5.18 Related Party Transactions 64 5.19 Deposits 64 5.20 Antitakeover Provisions Inapplicable; Required Vote 65 5.21 Risk Management Instruments 65 5.22 Fairness Opinion 65 5.23 Investment Company Act; Securities and BOLI 65 5.24 Intellectual Property 66 TABLE OF CONTENTS (CONTINUED) Page 5.25 Labor Matters 66 5.26 Accurate Disclosure 67 5.27 Disclaimer of Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 25 3.14 Security Documents 25 3.15 Principal Place Representations and Warranties 68 ARTICLE VI COVENANTS OF FENB 68 6.1 Conduct of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering 68 6.2 Current Information 75 6.3 Access to Properties and AntiRecords 76 6.4 Financial and Other Statements 77 6.5 Maintenance and Purchase of Insurance 78 6.6 Disclosure Supplements 78 6.7 Consents and Approvals of Third Parties 78 6.8 All Commercially Reasonable Efforts 78 6.9 Failure to Fulfill Conditions 79 6.10 No Solicitation 79 6.11 FENB Shareholder Recommendation 81 6.12 Reserves and Merger-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent Related Costs 82 6.13 Customer Notices 83 6.14 Tax Matters 83 ARTICLE VII COVENANTS OF CUNB AND CUB 84 7.1 Conduct of Business 84 7.2 Current Information 87 7.3 Access to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Properties and Records 88 7.4 Financial and Other Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of Obligations 30 5.4 89 7.5 Maintenance of Existence; Compliance 30 5.5 Maintenance Insurance 89 7.6 Disclosure Supplements 89 7.7 Consents and Approvals of Property; Third Parties 90 7.8 All Commercially Reasonable Efforts 90 7.9 Failure to Fulfill Conditions 90 7.10 Acquisition Proposals 90 7.11 Intentionally Deleted 91 7.12 Nasdaq Listing 91 7.13 Directors and Officers Indemnification and Insurance 30 5.6 Inspection 92 7.14 Appointments to the CUNB Board of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use Directors 92 7.15 Appointments to the CUB Board of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32Directors 92 7.16 Tax Matters 93 ARTICLE VIII REGULATORY AND OTHER MATTERS 93 8.1 Proxy Statement-Prospectus 93